The Business Times, 1 August 1978

Microfilm: NL9799
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, AUGUST 1, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      MP of Nee Soon
      30 1 THE parliamentary secretary to the Minister for Foreign Affairs, Mr. Ong Soo Chuan has resigned. He will, however, remain as Member of Parliament for Nee Soon.
      30 words
    • Article
      Lock icon Malayan Banking expands
      52 1 AFP. "KUALA LUMPUR, Mon. Malayan Banking plans to open branches in Bahrain, Los Angeles, San Francisco and Tokyo. Executive director Azman Hashim said today that negotiations are also going on to enable the bank to set up exchange desk offices In the Asean countries to increase regional
      AFP.  -  52 words
    • Article
      Lock icon Textile talks
      45 1 Reuter TAIPEI, Mon. Three days of Taiwan-US textile talks opened today to discuss Taiwan's exports to the US. Taiwan's textile exports this year to the US will reach US$3 billion (556.9 billion). The US takes about 60 per cent of Taiwan's goods. Reuter
      Reuter  -  45 words
    • Article
      Lock icon Rupee devalued
      52 1 Reuter. BOMBAY, Mon. The rupee was devalued by 1.30 per cent against sterling, the Reserve Bank of India announced. New rates will be £6.4103 for 100 rupees (spot selling) and £6.4516 (spot buying). The new middle rate is 15.55 rupees to £1 against the existing rate of 15.35
      Reuter.  -  52 words
    • Article
      Another go
      50 1 NEW DELHI, Mon. Maritime experts from 16 countries were today attending a meeting here in another effort to get the deadlocked third United Nations Conference on the Law of the Sea moving again. The three-day discussions were being held at the invitation of the Asian-African Legal Consultative Committee.
      50 words
    • Article
      Lock icon China woos Saudis
      76 1 AFP. PEKING, Mon. China Is trying to woo Saudi Arabia, whose foreign policy was described in very favourable terms today by the People's lyThe paper mentioned the multi-million dollar aid supplied by Saudi Arabia to several Asian and African non-oil producing countries after the 1973 oil crisis.
      AFP.  -  76 words
    • Article
      Lock icon EEC-China trade
      90 1 Reuter. BRUSSELS, Mon. The European Common Market today announced its first moves towards liberalising trade with China since the signing of the EEC-China framework trade accord in April. A Community spokesman said the EEC Commission had proposed to ministers reducing import tariffs for 20 Chinese products over and
      Reuter.  -  90 words
    • Article
      Lock icon Dow Jones
      73 1 UPI NEW YORK Mon. Stocks headed narrowly higher early today in moderate trading as investors weighed a moderate rise in June's leading economic indicators. The Dow Jones industrial average, down more than a point at the outset, was ahead 0.61 to 856.89 shortly before 1500 GMT. Advances outdistanced
      UPI  -  73 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      128 1 Rises Most active FAN PMC PMRI C Sugars CAC 555 384 346 286 470 +20 18 16 14 10 Haw Par UOB Sime Darby Sin Chew C Securities 638,000 327,000 161,000 133,000 104,000 Magnum Corpn 366 10 Total Turnover: 5.55 m Sin Chew 340 10 Total Value:
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    • Article, Illustration
      In Kuala Lumpur
      179 1 Rises Most active F and N C and C Ltd 5.75 4.94 .25 .24 Haw Par Sime Darby 831.000 389.000 PMC. 4.00 .20 PMC 324.000 M. Cement 3.16 .16 C Sugars 211.000 P M.R.I. 3.58 .16 Total Turnover: 5 09 m Timuran 2.29 .11 ToUl Value: MS12.49
      179 words
  • Article
    Exporters poised to sally forth
    729 1  -  COMMON ELECTRONICS LOGO By FONG MEW LENG LOCAL electronics manufacturers are banding together in an attempt to market their goods more effectively in the United States. The manufacturers are meeting with the Trade Department to set up a marketing agency in America. They are also
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  • Article
    INSURANCE WITH CPF MONEY?
    169 1 THE CENTRAL Provident Fund Board Is considering incorporating a life assurance "element" into its scheme. This will be limited to members who are young and whose savings with the Fund are likely to be insignificant. The extent of coverage is now being studied by the Fund.
    169 words
  • Article
    Slower US growth
    132 1 THE US index of leading economic indicators that measure future economic trends increased by a moderate 0.4 per cent in June, the fifth increase in a row. the Commerce Department said yesterday. The increase gave out no signals of a strong downturn in the next six months.
    132 words
  • Article
    Freight cost upsets trade balance
    620 1  -  By PETER CHIA THE rising cost of freight last year had an adverse effect on Singapore's trade balance. While exports grew by 24 per cent, the freight bill increased by 50 per cent. Freight alone cost local exporters about $900 million and cost importers, who
    620 words
  • Article
    Gold price eases
    199 1 THE PRICE of gold eased In London yesterday from the record highs reached on Friday. Dealers described the lower price as a routine market reaction. The US dollar opened mostly lower on European foreign exchanges after dropping to another postwar low in Tokyo. Oold was fixed in
    199 words
  • Article
    LOW RICE YIELDS IN ASIA
    77 1 FOOD production In Asia has barely kept pace with the population increase, Food and Agriculture Organisation (FAO) direc-tor-general Edouard Saouma said In Kuala Lumpur yesterday. Citing low yields as a cause, Mr Saouma told the plenary session of the 14th FAO regional conference that world
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  • Article
    Budget division, trade dept for Dr. Tan
    268 1 THE functions of the Finance Ministry have been split between two senior ministers of state. Mr Goh Chok Tong, who was appointed to his position in September last year, will handle the development and revenue divisions of the ministry, while Dr Tan Eng
    268 words
  • Article
    Towards a trade development council
    413 1  -  By RONNIE LIM A TRADE development Committee, headed bya minister, has been formed to study trade development with other countries. The private sector will be strongly represented In the 10member committee to allow for a wider cross-section of views and it will be able to
    413 words
  • Article
    HK HOT MONEY
    100 1 THE increase of hot money in Hongkong has made Indonesia the third main market of re-export goods from the British colony, the Antara News Agency reported yesterday. Hongkong .businessmen are willing to offer their Indonesian counterparts money at a rate of 1.5 per cent for each transaction
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      39 1 ODESSA OCEAN LINE FOR FAST EFFICIENT SHIPPING Coll the ogent: Singapore Soviet Shipping Co Pt« Ltd sth Floor, Far Eostern Bank Building 156 Cecil St., Singapore I Cables "SOS.IACLINE" Telex RS ***** Tel *****33 (7 lines) SEE BACK PAGE
      39 words
    • Advertisement
      Page 1 Advertisements Column 2
      42 1 Leader. Page 6 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant o**m IflJ TfU HEIIRV nnc QGEMIES PTE LTD BRUNEI AGENT REI lANCF DISTRIR iQHS 144 8 JAIAN CHtVALItH BANCAH SEP BE G AW/ BRUNEI TEL *****
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    • Advertisement
      Page 1 Advertisements Column 3
      85 1 SHIPPING TIMES PEOPLE in business 2 SANKYO ready to horn is October 2 MIXED feelings towards new ship credit terms 5 SHOPPING centres Behind-the-facade story 6 TALE of two arens: Orchard and West End FORUM on private sector leadership 7 CITY Developments deeper in the red 11 SENTOSA Plywood axes
      85 words
    • Advertisement
      Page 1 Advertisements Column 4
      145 1 U-Bix COMPLETE COPYMG SVSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE "Tet *****4 (5 lines) APS ELECTRONICS (M) SON BHD KU*l> LUMPUR Tet 03-*****0 Leader. Page 6 KLM-ROYAL DUTCH AIRLINES Freight Handling Department 5, CIAS Cargo Terminal. Paya Lebar Airport. Tel: *****3. *****3, *****1 ext 513 Freight Sales Department Mixed Tenants Cargo
      145 words
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  • TRADE AND INDUSTRY
    • Article
      Sankyo factory gears up for October opening
      651 2  -  •y JOHN LIM ANOTHER Japanese electronics component company will set up in Singapore to cater to its Japanese customers who havn moved their operations here. Sankyo Selkl (Singapore), a wholly-owned subsidiary of Sankyo Sel'sl Manufacturing of Japan, will start production of electronics components
      651 words
    • Article
      Lock icon Taiwan garment exports higher
      203 2 AFP. TAIWAN'S exports of woven garments rose by 29.48 per cent to 7.2 million dozen In the first half of this jear compared with the Ame period last year. A Talpeh trade source sald>. in value terms, January-June exports increased 26.86 per cent over the same
      AFP.  -  203 words
    • Article
      MEET LOAN GOALS, KL BANKS URGED
      417 2 THE Malaysian Deputy Finance Minister, Puan Rafidah Aziz, has urged the banking sector to give priority to the task of meeting targets for loans to the agricultural and industrial sectors. This is to ensure that no bottlenecks occur in the efforts of the government
      417 words
    • Article
      Lock icon NZ, Japan closing gap on fishing
      100 2 AP. FISHING negotiations between Japan and New Zealand re-opened yesterday after fruitless discussions last week. Japan is negotiating access to New Zealand's 370-km Ashing zone proclaimed on April 1. New Zealand has already signed agreements with the Soviet Union and South Korea but agreed
      AP.  -  100 words
    • Article
      Black and Decker now markets McCulloch products
      220 2 McCULLOCH Corporation, which set up a representative office here in 1971, will now be a division of Black and Decker following a US court decision that Black and Decker did not violate anti-trust laws when it acquired McCulloch in 1974. Mr. Clive Fairfield,
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    • Article, Illustration
      Smile with OUB
      456 2  -  •y RAHIM KASSIM IN ONE of the first positive responses to Mr Devan Nalr's call for greater worker awareness of their companies the Overseas Union Bank will launch a twopronged campaign next month. Starting next Monday, the five-week "Make OUB the bank for everyone" campaign seeks to
      456 words
    • Article
      Taking wraps off new-look Rubber House
      234 2 RENOVATION Of the Singapore Rubber House (former Shell House) is expected to be completed by the end of this year. The Rubber Association of Singapore (RAS) bought Shell House for $7.5 million In 1976. According to Mr Tan Eng Joo. RAS chairman, the 14storeyed
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    • Article
      OFFICIALS OF HOTEL ASSN
      126 2 THE director of A W Singapore, Mr. Lionel Tan, was re-elected president of the Singapore Career Development Chapter of the American Hotel and Motel Association (AHMA) at Its third annual general meeting. The meeting was held on July 7 at Holiday Inn hotel. Mr Robin Lee,
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    • Article, Illustration
      PEOPLE IN BUSINESS
      275 2 MARKETING Improvements Limited, the Lon-don-based consultancy S-oup, has appointed Mr. rian Gale as Divisional manager for South-east Asia. The company. In association with Consulasla. offer an extensive consultancy and training service to Industries in Singapore and Malaysia. Mr. Gale has several years working experience In Singapore, Malaysia
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    • Article
      Lock icon HK trade missions
      99 2 AFP THE Hongkong Trade Development Council announced yesterday that two business groups will be sent to West Asia this autumn. One delegation of 17 will go to Dubai in the United Arab Emirates and Riyadh and Jeddah In Saudi Arabia from Sept 9-25. The chairman of the
      AFP  -  99 words
    • Article
      MEMO PAD
      477 2 COURSES AND TALKS May 8-Aug 17: Anst Insurance Institute Assoclateshlp Course, SITC, SITC Aug 7-8: Costing financial analysis for marketing managers; Hilton, Price Waterhouse Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-14: Design of experiments, NPB office, NPB Aug 10: Performance management, Hilton, Consulasla Aug
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    • Article
      KL GOLD, FOREX RESERVES RISE
      122 2 BANK Negara Malaysia said its gold and foreign exchange reserves rose slightly to M 56.60 billion on July 15 from $6.59 billioh on June 30. The reserves stood at $6.46 billion on June 15. The bank's fortnightly balance sheet showed total assets fell to $8
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      149 2 The Love ot ne 6 > 4 7- c*M /X C '4 V--1> f* V* ir I Kenneth Kenneth Lo. the well-known Chinee* cookery writer, introduce* the reader to the technique* of CMneee cooking, and glvee an inatgM Into their unique way of eating. Beginning with eimpte onedish main coureoe,
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      650 2 -11-OIE CROSSWORD U CRYPTIC PUZZLE ACROSS 3 Halts a number of little devils (5) 8 A fool at cards (5) 10 Lever backwards for fun (5) 11 She sorts some diamonds (3) 12 Outwardly a wrought-lron bird (5) 13 One set to guard the monarch? (7) IS Stopping-place for drivers
      650 words
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  • OVERSEAS
    • Article
      Sweetheart wage deal angers Fraser
      135 3 THE Australian government's dilemma In trying to encourage foreign investment and at the same time maintain a tight wages policy has led to the Prime Minister, Mr Malcolm Fraser, making a strong attack on the giant Americanowned Utah Mining Company for making a "sweetheart" wages
      135 words
    • Article
      Lock icon Australia's M-3 rises
      73 3 Reuter. THE growth in Australia's seasonally-adjusted total money supply. M-3. slowed to 8 per cent in fiscal 1977/78 ended June 30 from 11 per cent in 1976/77 and 14 per cent in the previous year. Reserve Bank figures show. The M-3 growth was at the lower end
      Reuter.  -  73 words
    • Article
      Lock icon Guessing game in note yields
      694 3 NYT. THE US Treasury will sell US$7 billion (Bsl6 billion) of notes and bonds today, tomorrow and on Thursday. and government securities dealers in New York said the financing is more difficult than usual to assess. Last Friday afternoon, there appeared to be a consensus
      NYT.  -  694 words
    • Article
      Lock icon INDIAN GOLD AUCTION PRICE HIGHER
      222 3 Reuter THE Reserve Bank of India announced the tale of 1.45 tonnes of fold to 1,031 bidders at price* which ranged between MS and 654 rupees (SSIBO.B and 1183.5) per 10 grammes. The sale price was slightly higher than at the last auction a fortnight
      Reuter  -  222 words
    • Article
      Lock icon Black coffee futures
      1012 3 NYT COFFEE futures prices last week sank to their lowest level in three years, but there were no cheers from consumer groups or traders on the New York coffee and sugar exchange. Based on the spot September coffee delivery, greens or unroasted, bean futures dropped to a
      NYT  -  1,012 words
    • Article
      Rain gods hold sway over Burma's plans
      162 3 THE Burmese government is pushing ahead with a wide-ranging agricultural development plan, but unseasonal rains and droughts could upset production schedules this year. Like much of tropical Asia, most of Burma 's cropland is rain-fed and the weather continues to be a crucial
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    • Article
      China-US oil ties are warming up
      602 3 FOR SEVERAL years Chinese delegations seeking oil technology at first-hand have been quietly visiting oil fields, production platforms and petroleum executives in Houston, Texas. But industry sources in America said that over the past six months there has been a marked increase in contact
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    • WORLD IN BRIEF
      • Article
        Lock icon CARTER'S TAX CUT STAND
        541 3 Agencies. PRESIDENT Carter said he does not oppose capital Kains reductions. He is only against the approach which eliminates minimum tax to people who through tax shelters and other means, would end up not paying any tax at all. This is an unfair approach though the
        Agencies.  -  541 words
    • Article
      Inflation will sap strength of credit markets
      328 3 ALAN LERNER, senior vlcepresldent and money market economist of Bankers Trust Company reports on US credit market conditions last week: i Over the next few months, the strength of credit markets will be drained by Inflation and inflationary expectations. This will be the
      328 words
    • Article
      Lock icon June machine tool orders reinforce trend
      735 3 Reuter, NYT. ORDERS for machine tools, one key barometer of capital spending by American business, rose by 54 per cent In June from a Jear ago, the National lachine Tool Builders Association reported over the weekend. The June ordera, worth U*****.3 million (*****.5 million),
      Reuter,; NYT.  -  735 words
    • Article
      Lock icon Final pre-merger rules
      303 3 Reuter. TOE US Federal Trade Commission has adopted final rules on pre-notificatioa of mergers required under the Hart-Scott-Rodino Anti-trust Improvement Act. The rules, scheduled for publication in the Federal register yesterday and effective Aug 30, generally require pre-notification of mergers to the FTC and Justice Department if
      Reuter.  -  303 words
    • Article
      Lock icon BAHRAIN TO MATCH S'PORE
      89 3 Reuter. ASSETS in Bahrain's offshore banking units will match that of Singapore's Asian dollar market by the year-end. Alan Moore, adviser to the Bahrain Monetary Agency was also quoted by the Gulf Weekly Mirror as saying assets In Bahrain's offshore units rose to US$2O.2 billion (Ss46
      Reuter.  -  89 words
  • Page 3 Advertisements
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      339 4 OPENING prices here yesterday, were marked down 1.25 cents on lower London advices. The market recovered later on covering interest and upcountry buying influenced by Washington reports that the Senate scheduled action on a pair of stockpile policy and disposal bills for today, dealers said. Sellers,
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    • Article
      Closing prices
      30 4 Rubber: July 31 Singapore: August 231.50 cents (down 1.50 cents) Malaysia: August 236.75 cents (down 1.50 cents) Tin: Mi 1,690 (down $20) Official offering: 381 tonnes(up 136 tonnes)
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    • Article
      RAS PRICES
      362 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.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 5 R.S.S UK/Cont. Buyers 232.75 232 50 232 25 223.50
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    • Article
      SSR AND SMR
      98 4 NOON SSR and SMR prices yesterday: August Sep* HAS (Cvnnt Mth) (Forward Mth) Buyei re Sellers Buyers Sellers atspsrkg) (cuts POT kg) SSR 20 (1-ton pallet >211.00 213.00N 212.00 SSR 50 (1-ton pallet >209 00 211.00N 210.00 MRELB SMR5CV (1-ton pallet) 240 50 242.50N 240.50 242.SON SMR5L
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    • Article
      Rice
      196 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F.OB, basis Bangkok) White Rice: 100 pet Ist class 407. 100 pet 2nd class 392. 100 pet 3rd class 387. 5 pet 382. 10 pet 357, 15 pet 352. 20 pet 347. 25 pet 332. 35
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    • Article
      Straits tin
      146 4 THE STRAITS tin price In Penang yesterday fell MS2O to $1,690 per picul. Despite last week's steady closing in London, values were marked lower on a larger contribution of tin supplied by miners over the weekend for end-month clearing of positions, dealers said. Turnover Increased sharply to 381
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    • Article
      Coffee
      132 4 ROBUSTA terminal In London yesterday opened £30 to £12 per tonne higher and turnover totalled 257 lots. Dealers said the market was expected to open higher following Friday's limit up performance in New York. However. September initially traded up to £1,300 per tonne, a gain of £45, but failure
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    • Article
      Sugar
      120 4 TERMINAL sugar in London yesterday opened £2.05 to £2.65 per tonne above Friday's 5 p.m. levels and turnover totalled 1,251 lots. The market opened irregular with follow-through buying from Friday's kerb rise meeting mixed selling and profit-taking. Dealers said Friday's strength was mainly due to an upsurge in New
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    • Article
      Cocoa
      74 4 TERMINAL cocoa In London yesterday closed the first call £14.50 to £7.50 per tonne higher, having first traded only £3.50 up. Dealers said mixed support could be linked to uncertainty over currency plus possible concern in some quarters over the coming West African and Bahla main crops. The latest
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    • Article
      Produce exchange
      219 4 PRICES of all commodities on the Singapore produce market were steady yesterday. The undertone for pepper was reported to be better since prices are currently at their lowest level In the month. Some buying Interest, mainly local accounts were manifested, said one packer. Arrivals totalled 134 tonnes yesterday.
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    • Article
      Hongkong Comex
      189 4 THE sugar market yesterday closed 0.34 US cents higher In continued featureless trading, with four lots traded against 12 on Friday, dealers said. The Hongkong dally spot sugar price rose 0.40 cents to 6.70, In line with Friday's New York September closing of 6.74/80. The cotton market market
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    • Article
      SPOT PRICES
      191 4 YARN and cotton In Hongkong dollars, spot tx-godown Cotton Yarn: China Blue Phoenix 20s 1.740. 32s 2.200: 40s 2.300 (per bale of 400 lbs). Piece Gilds: China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 38
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    • Article
      Gold
      311 4 THE KILOBAR in Singapore yesterday opened at 5514,688 which was the highest of the day. Influenced by profittaking overseas, it closed at a low of $14,541. Spot gold for London delivery opened at U*****.80/ 200.10, eased off gradually on profit-taking and closed at U*****.90/ 199.20. The tone of the
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    • Article
      Silver
      113 4 THE Hongkong silver market yesterday closed unchanged from Saturday at HK5259.50 per 10 ounces In continued Inactive trading, dealers said. The local close was equivalent to 5.5747 US cents per ounce. In line with Friday's Chicago August close of 5.5700/50 cents. The market fluctuated between HK1260.00 and $259.50 while
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    • Article
      Lock icon Precious metals rule commodity markets
      1137 4 AFP. GOLD moved up to record levels last week due to the weakness of the US dollar, with other precious metals like silver and platinum, also touching their highest ever in dollar terms. In fact, the London commodity markets as a whole were hit by
      AFP.  -  1,137 words
    • Article
      Copper
      73 4 COPPER wlrebars In London yesterday finished the morning with a loss of mostly £4.5. Values were marked down initially in line with the New York close although the lower levels found some covering against modest West German physical business, dealers said. Three Months traded from £738 up to £743
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    • Article
      Lead
      71 4 LEAD in London yesterday closed the morning ring up L' 2 for cash and £1.5 for Three Months. Early trade buying gave modest support up to £319 for Three Months, based on a slightly larger-than-expected fall in stocks, but the higher levels were trimmed by profit-taking. Prices steadied later
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    • Article
      Zinc
      46 4 ZINC finished the morning down mostly £2.5 per tonne In London yesterday. The metal was shaded In price as light hedge selling developed, prompted by the slide In copper values and a moderate stocks Increase. Ring sales were only 400 tonnes and about half carries.
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    • Article
      Lock icon Japanese buying up more copper report
      793 4 Reuter THE Japanese have become increasingly aggressive buyers of copper recently, probably because of the strength of the yen against the dollar, New York traders said. While some traders believe that the Japanese buying continues to be sporadic, most said the pace has quickened
      Reuter  -  793 words
  • MONEY AND EXCHANGES
    • Article
      Singapore market
      577 4 THE US dollar crashed through the 190 level against the yen to land at 189.50/70 on the foreign exchange market yesterday. This Is the lowest level so far and dealers are looking at 185 in the near future. Opening here at 190.60/80 against the yen, the US dollar
      577 words
    • Article
      Asian $ & CD rates
      228 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 31: 1'8 Dollar* (Spot) OfTrr Bid 7 days 8 1/1# 7 15/16 1 mth 8 3/18 8 1/16 2 mths 8 5/16 8 3/16 3 mths 8 1/2 8 3/8 6 mths .9 8 7/8 9 mths
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    • Article
      Discount
      9 4 QpTj23S^^l fT»J »M Source: National Discount Co. Ltd.
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    • Article
      MLR
      21 4 THE average rate at which Singapore hanks are currently prepared to lend to their best customers is 7 per cent.
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    • Article
      Euro $ rates
      90 4 Euro rates LONDON Eurodollar deposit rates yesterday opened little changed In aulet trading as usual Monay slow conditions were reinforced due to the peak holiday period, dealers said. Day-to-day rates opened basically unchanged but overnight drifted off 1/18 In light early business. Eurodollar deposit* opening quote* on July 31: Overnight.
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    • Article
      London
      195 4 THE dollar was quietly weaker against major currencies yesterday, compared with early Indications as trading got under way rather slowly, dealers said. Federal Reserve Board chairman William Miller's statement that the yen Is currently over-valued but that It is very hard for the US to take new action was
      195 words
    • Article
      Tokyo
      249 4 THE US dollar for overnight delivery yesterday closed at 190.80 yen, down from a 191.80 opening and 192.10 at Friday's close, after falling briefly to a post-war low of 190.30 in early trading. The Bank of Japan did not intervene In the market, dealers said. The dollar fluctuated nervously
      249 words
    • Article
      Hongkong
      151 4 THE US dollar yesterday steadied and started to strengthen a little in late afternoon trading as profittaking emerged in the market, mainly from Europe, dealers said. The US unit rose in steady trading to 190.65/85 yen from an earlier 190.55/75, but was still below the 191.30/70 opening. More bullish
      151 words
    • Article
      Eurobonds
      375 4 EUROBOND prices quoted on July 31: Straight* Bid Offer Natwest 6 86 100.75 101.25 Hydro Quebec 9H 93 96.90 99.50 EIB9H93 97.00 97 50 JC Penney 97.75 96 75 Flsonstf 10W 87 97 50 98 50 Inco 9 92 96 82. 97.12 Inco 8 1 84 96.25 96 75
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    • Article
      Frankfurt
      44 4 FRANFKURT exchanges opening quotes on July 31: U8 2 0410/30 2.0395/0410) Can 1 8000/20 8t« 3.937/047 D 92 44/54 8 Fr 116.85/117.06 Ut 2.418/428 F Fr 44 60/70 N Kr 38.00/10 B Fr (con) 343/350 8 Fr (Fin 6 228/236 Yen 1 0750/70
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    • Article
      Australia/NZ
      64 4 AUSTRALIA and New Zealand exchanges on July 31: AUBTRAUA: US dollar 1 1575/ 1.1527 Sterling 0 8038/ 0 5088 Ninety-day almall buying rates: Sterling 0 8238 U8 dollar I.l*lo Winety-day forward buying rate*: Sterling o «M 4 US dollar 1 1513 NEW ZEALAND Sterling 0 5488/0 5437 US dollar
      64 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      120 4 For a Successful BANKING Career ILI T PTAI tRA MA J SORI NEl' l W)lsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma (AIB).
      120 words
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  • TRANSPORT
    • Article
      UK to hold fresh talks with Airbus Industrie
      458 5 BRITAIN'S chances of Joining Airbus-Industrie, the European consortium, which a few days ago looked remote, appear to have increased significantly after private talks between Mr. Eric Varley, Industry Secretary, and his French and West German counterparts. It is understood that, in consequence.
      458 words
    • Article
      Lock icon ROME FOLLOWS SUIT
      144 5 AP UNION officials went ahead with plans for a 24-hour strike by airport ground personnel and some pilots for Thursday in a protest bound to cause many inconveniences to passengers and even force some flight cancellations. The labour action comes at the busiest time of the year
      AP  -  144 words
    • Article
      Lock icon No rotating strike
      152 5 UPI AIR Canada and the 7,200member International Association of Machinists reached a tentative contract agreement on Sunday, 48 hours before the union was scheduled to begin rotating strike action against the publicly-owned company. The agreement came after five days of continuous negotiations in a downtown Montreal hotel
      UPI  -  152 words
    • Article, Illustration
      SHIPS IN PORT
      405 5 expected arrivals TODAY keppel WHARVES Golden Lion (0600 after Golden Haven) 45 Hudson Maru (1300) 46 Kota Benar (0700 after Indian Mall) 13/14 Makeverett (1800) 18 Nedlloyd Sinoutskerk (1800 after Straat Nagoya Gudrun Bakke) 3/4 Rajah Brooke (1300 20 San Juan (0800 after Indian Mail) 10/11 Sangerhausen
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    • Article, Illustration
      Mixed reception for revised credit terms
      712 5  -  By TERESA LIM SHIPYARDS IN Singapore received with caution the news of the Finance Ministry's revised ship financing scheme, although the new credit terms are generous. As a shipyard executive pointed out, the Improved scheme will have little effect on local yards' orderbooks if
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    • Article
      ANZ's new cargo loader
      198 5 AIR New Zealand has taken delivery of a NZ5250,000 (SS600.000) machine which will increase the airline's capability to handle containers at Auckland airport. The 28-tonne loader the only piece of ground support equipment of its type to be built In New Zealand can now reach the
      198 words
    • Article
      Lock icon Airport tenders
      50 5 AFP. THE Hongkong government is calling for tenders for further redevelopment of the International airport here. A government spokesman said yesterday the tenders were for a new check-in area, modernising of the departure area, fitting out of the new arrival hall and installation of additional security facilities. AFP.
      AFP.  -  50 words
    • Article
      BA after-tax profit at $77m
      343 5 BRITISH Airways announced an after-tax profit of ClB million (5J77.4 million) from its 1977/78 trading. After tax of over 115 million provided for in previous years, profit attributable totalled £33 million. Turnover reached £1.36 billion, an increase of £107 million over the previous 12 months.
      343 words
    • Article
      Increase in Heathrow rates unlikely
      283 5 AIRPORT charges at Heathrow are unllkelv to be raised, at least until April next year. This, according to British Airways News, the house paper of the UK national airline, is because the British Airport Authority has turned in its twelfth consecutive profitable year. The BAA.
      283 words
    • Article
      YEMEN
      33 5 THE Yemen Airlines Co. In which Saudi Arabia Airlines holds a 49 per cent stake, Is considering the purchase of four Boeing 7275, directorEeneral of the Saudi Aralan Airlines Mohammed Banajah said.
      33 words
    • Article
      Toa to buy 5 jets
      97 5 TOA Domestic Airlines (TDA) said on Friday Its plans to purchase five widebodied Jetliners for Its domestic routes by the end of 1980. Isamu Tanaka, president of Japan's third largest domestic airline, said the choice Is between the McDonnell-Douglas DC-10 and the European Airbus A--300.
      97 words
    • Article
      COSCO TEAM DUE HERE
      111 5 A TEAM of official* from the China Ocean Shipping Company (Coaco) will viait Singapore early this month according to the latest iaaue of the Singapore National Shippers' Council Newsletter. The team will discuss shipping requirements and difficulties of local shippers with SNSC officials. Cosco and the
      111 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      721 5 ARRIVALS Service Loci il Operator Number Time From CAL CI331 0040 TPE/HKG/KUL PAA PA005 0115 SPO/HKG MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH62I 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005
      721 words
    • Article
      Lock icon MAS COST CONTROL MOVES
      151 5 AFP. STRINGENT cost control measure* introduced by Malaysian Airline System over the last two years are expected to boost revenue for 1977/78. Berita Mas, the airline's newsletter, says one measure froze staff recruitment early last year thus reducing total staff from 6,739 to 6,667 this fiscal
      AFP.  -  151 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      260 5 AM he needed was a financial leverage to expand. Do you? A paper products manufacturer had to increase its production capacity to meet market demands But it meant moving to bigger premises, increasing his overheads and level of inventories He needed additional operating cash to stabilize cash flow and provide
      260 words
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  • Article
    Let's welcome the trade committee
    383 6 THE SETTING up of a trade development committee with a minister In the chair is recognition of the importance of trade to Singapore's economic well-being. It will allow the private sector the fullest possible access to its ideas on how to develop exports and allow
    383 words
  • Article
    CPF move a boost for social security
    222 6 THE INDICATION given in Parliament yesterday of the new direction that the Central Provident Fund (CPF) may finally take augurs well for the development of social security in Singapore. The idea of using CPF savings to insure workers was mooted some time ago.
    222 words
  • Article, Illustration
    Planners' paradise or nightmare?
    2312 6  -  "Build first, think later," all too often seems to be the far from golden rule governing most developers of shopping centres in Singapore. In the great scramble for the local consumer and foreign tourist dollar, the importance of planning has been almost forgotten and in some
    2,312 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      325 6 *mmU HI MKT 4/laiMidiA A perfect complement to any meal. Another quality product from Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny Bala It The New Moonglows, The Oreen Eyes and Miss Erin Fong (Taiwan) treat you
      325 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 WEATHER outlook for Singapore from 6 a.m. to noon today:- Generally fair. Report for 24 hours prior to 7.30 p.m. on July 31 at the airport: Maximum Temperature 32.8° C Associated Humidity 58 Minimum Temperature 25.2° C Associated Humidity Hours of Sunshine 7.70 Rainfall in Millimetres nil Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      254 6 SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.25 Diary Of Events (English)* 3.30 Afternoon Matinee The Actress (Pt. 2) Starring: Spencer Tracy, Jean Simmons, Teresa Wright, Anthony Perkins 4.10 Science Report' 4.25 Intermission 6.05 Opening announcements followed by Blrdman And The Oalaxy Trio* 6.30 News In
      254 words
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  • Article, Illustration
    HOW BRITAIN COMPARES London can't compete with Orchard Road
    1501 7  -  Comparison can sometimes be instructive here, TIMOTHY WINSLOW of Richard Ellis C.H. Williams and Loh (Pte) Ltd, the consultants on the Bukit Timah Plaza shopping centre development, compares the UK experience with shopping centre management with that of Singapore, revealing certain
    1,501 words
  • Article, Illustration
    Preserving the past
    588 7 MR. S.C. SHAW, manager of Tropicana, was elected president of the Sam Kiang Huay Kwan last Saturday, replacing Mr. Chwee Meng Chong, of S.A. Shee and Company. The Huay Kwan, a JShanghainese association, was established mainly to f#»ter closer interaction within the Shanghainese community. In these days
    588 words
  • Article, Illustration
    STRAWS IN THE WIND
    273 7 I AM sure Mr. David Gabriel, social secretary for the Singapore Forex Club, cannot really have said this, as he was quoted in the Singapore Convention News bulletin of the Singapore Tourist Promotion Board: "Of course, Singapore, being two of the world's leading financial centres, is
    273 words
  • Article
    Our private sector must learn to lead
    831 7  -  FORUM. r 0 D industry By QUEK PECK LIM THE LOCAL private-sector businessman is one seemingly unlikely victim of the economic development that has taken place in Singapore since 1960. What is the private sector and how big Is it? Business in Singapore
    831 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      333 7 s New Japanese Restaurant KlKU^fc Feast at today. serving authentic Japanese food A Teppan *lempura Shashimi *Sukivaki *ShaixiShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road. Singapore 11 You 11 feast like royalty fjfl at the Rang Mahal. Palace of /jfl| Colour*. On our daily menu are the
      333 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      49 7 I ViPffee' X fb**>e£ P\ND cfcpfcH DieT is PftUlT.., RrC> HURT'S moße Peoae RRt oeGnsiMifjr ,TO VJOT\Ce. I PCX 1 •you could Hftve fooLeo 0ne....) (uitce u>ho? uKe Tne bt £fNST unMC.HI£N kfcfML STFVTIOI \L rW \3Wu.i J Tms Tnev p*u_cxjex> me to use. tug. m the. e>R^Rie^.... 43*0
      49 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Market opens firm
      591 8 TOKYO Source: DBS-Daiwa INSTITUTIONAL Investors remained on the sidelines yesterday since the yen rate against the dollar mounted to a high level of 190.30— 191.80 yens to one US dollar. However, incentive-backed issues and neglected stocks rose in light volume. In the morning session, the market opened
      Source: DBS-Daiwa  -  591 words
    • Article
      Sydney
      370 8 THE market was firm yesterday. led by BHP and leading miners, dealers said. Pancontlnental rose Asl to a year's high of $16.50 and Peko gained 12 cents to $6.08, EZ Industries eased five cents to $2.80 Among miners. Central Norseman gained 30 cents to SlO.OO on the strength of
      370 words
    • Article
      Bangkok
      174 8 THE market eased yesterday. with the Book Club Index falling 1.8 points to 160.16 on turnover of 92 million baht, dealers said. JULY 31 Bahts Asia Fibre 251 -2 Bangkok Bank 314 unch Bangkok Invest. 314 -16 Bangkok-Metro-politan Bank Bata 685 +271 Berll Jucker Carpet Intnl Charoong Thai Wire
      174 words
    • Article
      Hongkong
      302 8 JULY 31 HKS Amal Rubber 3 00S unch Associated Hotels 3.325 +0 05 Bowaters 12 30B Cheong Kong 9.65 -0.05 China Engs 3.10 unch China Light 26 50 +0.1 City Hotels City Urban 1 42 unch Comsopol 180 unch Con P S Cross Harb Tunnel 11.40 unch East Asia
      302 words
    • Article
      Manila
      125 8 THE market closed higher yesterday, with all sectors posting gains, dealers, said «R'LY 31 Pesos Acoje Mining 0125 unch Atlas Con A Atlas Con B 2 3 54 -0.5 Baguio Gold 012 unch Benguet Con B 33 25 +2 25 BF Goodrich CDCP 25 25 1 25 Inco B
      125 words
    • Article
      SELECTED INDICES
      31 8 H.K. HANG SENG Monday 584.42 Friday 581 86 Week Ago 571.90 SYDNEY INDUSTRIALS Nonday 430.22 Friday 438.02 Week Ago 430.32 ALL ORDINARIES Monday 505.78 Friday 514.96 Week Ago 505.78
      31 words
    • Article, Illustration
      Lock icon Albright and Wilson will pass into safe hands
      1586 8 Tennecco in the business of reviving sickly industrial concerns FT IF AND when Albright and Wilson shareholders approve the acquisition of their company by Tenneco at their meeting on Aug 7, Britain's second largest chemicals company will pass into the hands of
      FT  -  1,586 words
    • Article
      Lock icon Amsterdam tightens reporting rules
      381 8 Reuter THE AMSTERDAM Stock Exchange Association said It will introduce stricter reporting requirements for quoted companies from today. The exchange said a quoted company will have to inform the association as soon as It becomes aware that over 10 per cent of Its shares have been
      Reuter  -  381 words
    • Article
      Lock icon TAKEOVER BENEFITS WARD
      1696 8 NYT WHEN THE Mobil Corporation acquired Montgomery Ward two years ago, the air was filled with predictions that, fuelled by the oil giant's financial resources, Ward would take off after its ancient competitor, Sears, Roebuck and Company. Within the trade there were visions of a head-to-head confrontation,
      NYT  -  1,696 words
    • Article
      Lock icon NIKON TO TAKE OVER EHRENREICH?
      472 8 NYT AS THE US dollar continues to flag in terms of such major currencies as the West German mark and the Japanese yen, some observers are wondering If another bull market sparked by foreign investment isn't on the way. In fact, one stock, Ehrenrelch Photo-Optical
      NYT  -  472 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      135 8 K m TheOteJ B !§i! <r. M AS '«fc PSS s I w 57^ jPi v r^a >. CW IE S K, J An exciting cookbook containing no less than 90 tempting cake recipes with a wide variety of flavours, fillings, Icings and decorations. All types of recipes are included
      135 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Anaconda links copper price with comex
      397 9 Reuter THE ANACONDA Co Mineral Resources group said it will adopt a commodity exchange related copper pricing system for sale of its cathodes, effective today. It said It will use the daily comex closing price, plus 2:50 cents per lb, as its base price
      Reuter  -  397 words
    • Article
      Lock icon Cities Service optimistic on second half
      354 9 Reuter. CITIES SERVICE Co: Second quarter earnings per share at US$l.45 vs $2.05. Net profit at $40.4 million compared with $56.4 million on sales of $1.14 billion vs $1.1 billion. Six months earnings per share at $3.45 vs $4.21. Net profit at $95.7 million
      Reuter.  -  354 words
    • Article
      Lock icon Swiss Bank first half lower
      199 9 Reuter BASLE: Swiss Bank Corp saki its overall operating profit in first half of this year was lower than in the same 1977 period. The bank gave no figures, but said that profit was still satisfactory in view of the more difficult conditions caused by
      Reuter  -  199 words
    • Article
      Lock icon Vickers may set up branch
      166 9 AFP VICKERS da Costa, a British securities company, is likely to open a branch in Tokyo shortly. The leading economic journal Nihon Keizai said that the British firm would file an application with the Finance Ministry possibly this week and the Finance Ministry was expected
      AFP  -  166 words
    • Article
      Lock icon First Boston stake
      125 9 Reuter FIRST BOSTON INC said it agreed to take a 31 per cent stake in S.A. Flnanciere Credit Suisse Et De White Weld (Flnanciere) In exchange for 1.1 million new common shares, or 25 per cent of Flnanciere's parent company Credit Suisse. The exchange was at book
      Reuter  -  125 words
    • Article
      Lock icon Mobil's second quarter profit surges 21pc
      877 9 N.AMERICAN L Reuter PROFITS in the quarter ended June 30 surged 21 per cent for Mobil Corporation, the second largest US oil firm after Exxon Corporation, but fell 19 per cent for Gulf Oil Corporation, which ranks fifth in size. Mobil, citing improved foreign
      Reuter  -  877 words
    • Article
      Lock icon New York Times turns in new record
      493 9 NYT THE NEW YORK TIMES CO reported record earnings for the second quarter and the first half of 1978. Net earnings in the three months ended June 30 rose 18 per cent to US$B.l5 million, or 70 cents a share, from $6.94 million,
      NYT  -  493 words
    • Article
      Lock icon Narrow margins subdue National Westminster
      384 9 EUROPEAN Reuter LONDON: Pre-tax profit at National Westminster Bank came to £108.57 million 1109.95 million) in the half-year ended June 30. Earnings per share were 22.7p (22.44p) basic and interim dividend 5.682p (5.165p). Reduction in provision against advances 1'15.0 million (nil). Attributable profit came to
      Reuter  -  384 words
    • Article
      Lock icon Lyons bullish on current results
      211 9 Reuter LONDON: Pre-tax profit at J. Lyons and Co Ltd In the current year ending March 1979 should exceed significantly the £10.4 million earned in the year ended March, 1977, the chairman Mr. N. Salmon said. Mr. Salmon said he hopes the improvement will enable
      Reuter  -  211 words
    • Article
      Cheung Kong doubles profit at mid-term
      298 9 THE HONGKONG associate of Haw Par Brothers International, Cheung Kong (Holdings) has more than doubled its profit at the halfway stage. For the six months ended June 30, 1978, Cheung Kong, in which Haw Par has a 16.5 per cent stake, saw its group
      298 words
    • Article
      Lock icon Strike halts shipment
      119 9 Reuter SYDNEY: A strike at the Cliffs Robe River iron ore operation in western Australia has stopped production for about a week, industry sources said from Perth. The strike has halted loading on one vessel bound for Europe while two vessels, one for Japan and one for
      Reuter  -  119 words
    • Article
      Lock icon Std. Chartered fixes terms
      61 9 Reuter LONDON: The Standard Chartered Bank's US$lOO million 12-year floating rate note Issue was fixed with a par pricing, said lead manager European Banking Co Ltd. The Issue carries a 5-1/2 per cent minimum coupon or 1/4 per cent over the sixmonth London Interbank offered rate,
      Reuter  -  61 words
    • Article
      Lock icon Landoil signs deal
      92 9 Reuter HONGKONG: Landoil Resources Corp of the Philippines has signed a 10year US$lO million loan with a syndication led by First Boston AG, Athens and Arab-Malaysian Development Bank Berhad. a spokesman said the loan bears annual interest of one per cent over London interbank offered rate for
      Reuter  -  92 words
    • Article
      Lock icon Korakuen convertible
      100 9 Reuter FRANKFURT: The Korakuen Stadium Co Ltd 40 million mark convertible bond will have a life of 8-1/ 2 years and is expected to have a coupon of 5.5 per cent and be priced at Sr. lead manager berllner indels-Und Frankfurter Bank said. Final conditions are due on
      Reuter  -  100 words
    • Article
      Lock icon ENI talks on
      74 9 BONDS LOANS L Reuter MILAN: Ente Nazlonale Idrocarburi (ENI) Is negotiating a loan for US$l5O to $200 million from a group of Japanese banks led by Sumitomo Bank. Banking sources said the loan is expected to be for 12 years, with an initial spread over London Interbank
      Reuter  -  74 words
    • Article
      Lock icon COCA COLA BORROWS
      69 9 Reuter PARIS: Coca Cola Bottling Co of New York Is raising US$25 million through a 15year convertible bond, probably carrying a 6% per cent coupon, a spokesman for lead manager Blyth Eastman Dillon said. Conversion premium is expected to be around 10 per cent or slightly higher.
      Reuter  -  69 words
    • Article
      Lock icon Franc issue
      35 9 Reuter ZURICH: The 20 million Swiss franc, 5.5 per cent bond 1071/85 issued by ElinUnlon AO Fuer Elektrische Industri. Vienna, will be redeemed early on Nov 30. the Zurich Stock Exchange said. Reuter
      Reuter  -  35 words
    • Article
      Lock icon MATSUSHITA REVISES FORECAST
      645 9 r ASIAN Reuter OSAKA: Matsushita Electric Industrial Co Ltd said It revised upwards Its consolidated net profit forecast for the year ending Nov 20 to 85 billion yen from an original estimate of 80 billion. Estimated sales are revised upwards to 2.05 trillion yen from the original
      Reuter  -  645 words
    • Article
      Hamersley setback
      208 9 MELBOURNE: Hamersley Holdings Ltd attributed the sharp drop in first half after tax profit to lower revenue due to decreased Iron ore shipments and an increase in the average Australian exchange rate with the US dollar. Another factor was an Increase in the provision for possible exchange losses
      208 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      268 9 Born in Berkshire in 1920, Richard Adams studied history at Bradfield and Worcester College, Oxford. In the mid 1960s he completed his first novel, Watership Down which was awarded both the Carnegie medal and the Guardian award for children's fiction for 1972. In 1974 he retired and published his second
      268 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1333 10 BID and offer price* officially luted ind business in and reported to Ute feck Exchange of Blnm>ore yester/"say with the number of share* traded 'Mtown in brackets In tots of 1.000 an•Hi unless othenriae specified w-All Time Settlement Contracu arc quoted after the word "sett." Bin Board deal
      1,333 words
    • Article
      Government bonds
      139 10 4 1/2% l/Vm (250.000) (M.BOB 99 968) T P IS/4/11 (250.000) (100 558 100.708) 5 1/2% T F IVW»I (250.000) (100.278 100 408) T F I/S/S3 (250.000) (100.358 100 458) 7% 1/8/ M 250,000) (100.758 100 90S) S V 4% T F IS/VBI-S4 (250,000) (102 608) 7 1/4%
      139 words
    • Article
      Stock options
      40 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 option* traded shown In brackets. UOL (Sept $0.85) (0.308 0.368).
      40 words
  • Article
    SHARE INFORMATION SERVICE
    2496 10 1978 High Low Company Last Sale +orGr'« DW Div C'vr Gr'» YTd Not P/E Vol Day COM) High Low SECTION ONE INDUSTRIALS 230 233 172 219 200 83 276 268 210* 478 132 123' 112 133 195* 60 162 173* 140* 256 Ac ma Alcom Allied Choc
    2,496 words
  • Article
    Unit trusts
    160 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaagar*' prtn far An 1) (Curraat pr KM) The Commerce 2 15 2 a INCOME BOND 1.07 1.12 The Saving Fund 8'pore Prof Fund 1 35 1 05 1 43 1.11 MARA BUMIPUTRA FUND 8 pore Security tmaaafart pnew First Bumlputra roc
    160 words
  • Article
    In Kuala Lumpur
    1860 10 BID and offer prices officially listed and business 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 Acma (2.238). AJinamata (2.508 2 628). Alum (2 288 2 308)
    1,860 words
  • Article, Illustration
    C. Sugars sets a new pace
    893 10 irer> BY imnl coon ten, price* had i quick short spurt on the Stock Ex* chan|> of Singapore yesterday moraine, but at one itace threatened to (alter. However, support came forward in the afternoon and further price gains were made across the board. The
    893 words
  • Article
    KLSE closes fairly steady
    498 10 ENTHUSIASM cooled slightly in the face of moderate profit-taking and C rices drifted on the Kuala umpur stock market yesterday. A last minute burst of bullishness, however, lifted prices back to near best levels. The closing was fairly steady. Selected stocks In the industrial sector featured,
    498 words
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  • COMPANY NEWS
    • Article
      Central Securities gets reprieve
      324 11 CENTRAL Securities (Holdings) has obtained a court order to set aside all the garnishment notices and all notices and steps 1 taken in execution of the High Court award against it last June 28. In a letter to the Kuala Lumpur Stock Exchange, the company reproduced
      324 words
    • Article
      COMPANY MEETINGS
      74 11 Kinta Kellai Tin Dredging Company Ltd: AGM to be held at Straits Trading Building. 5th Floor. 4, Leboh Pasar Besar, Kuala Lumpur, at 10.00 a.m. on Aug 9. Malayan Cement Bhd: EOGM to be held at 1st Floor. Wisma Damansara. Jalan Semantan, DamanSara Heights. Kuala Lumpur. at 3.00
      74 words
    • Article
      G. Lumber queried
      55 11 THE Kuala Lumpur Stock Exchange has queried General Lumber (Holdings) Bhd on the discrepancy of profit figures derived from the sale of leasehold land and buildings belonging to General Fabricators and Builders. In an earlier notice, the company stated that profits from the sale were $179,932 which
      55 words
    • Article
      Sentosa puts a brake to its ambitious plans
      663 11  -  By SUSAN REVAN IN A tough all-round curb on its highly ambitious expansion and diversification plans. Sentosa Plywood has sold its $1.9 million shares in Pahang Consolidated and has proposed to sell more of Its investment portfolio now consisting of its massive
      663 words
    • Article
      Kampar expects output to hit earnings
      636 11  -  By LOW LEE CHOO AFTER achieving a substantial profits rise in the financial year ended March 31, 1978. Kuala Kampar Tin Fields expects its current year's earnings to be hit by lower tin production. For the first two months of the current year the
      636 words
    • Article
      DIVIDENDS ANNOUNCED
      247 11 KgLan Sungei Current Ex Booka Date Total for Total for payment Date cloae payable the year previou* year jut 13.3% Jul 6 Jul 18 Augl 21.6% 23.3% Beai 65% Jul 5 Jul 17 Augl 65% Nil uramat un urea*. juio jui10 Aug l §4% 10% Killing hall 200%
      247 words
    • Article
      SCRIP ISSUES
      134 11 Company Particulars Ex Date Books Close Pegi Malaysia Great Eastern Life M'sia Feedmills Lien Hoe Sentosa Plywood Synthetic Resin* Fabar Merlin Bonus Issue of 1 for 5 Bonus Issue of 1 for 2 Rights Issue of 1 for 4 (<vi\ 00 per share ftlghts Issue of 1 for
      134 words
    • LATEST RESULTS
      • Article
        JACK CHIA-MPH
        81 11 The group pre-tax profit Is $4.88 million ($5.01 million) for the year ended March 31, 1978. The year's earnings are done on an equity accounting basis for the first time. The previous year's figure has been adjusted to make it comparable. Sales total $47.31 million ($41.93 million), and
        81 words
      • Article
        OLMPIA Plywood and Timber Products Bhd
        75 11 The unaudited pre-tax profit is M 5430.908 ($350,644) for the six months ended April 31. Sales total $6.2 million ($5.2 million). The company said there has been an upturn in the plywood market and the results compare favourably with the corresponding period last year.
        75 words
    • Article
      KL-Kepong dividend
      35 11 KUALA Lumpur Kepong Bhd. The Interim dividend Is 7.5 per cent gross (5 per cent), for the year ending Sept 30. and is payable on Oct 2 to shareholders registered on Sept 2.
      35 words
    • Article
      Georgetown sees another setback in earnings
      514 11  -  By SUSAN THAM DIFFICULT trading conditions and the poorer performance of its Ipoh operations have continued to depress earnings at Georgetown Dispensary during the last financial year. The company reported a 6.6 per cent drop in pre-tax profits to $97,014 for the year ended
      514 words
    • Article
      Paper Products sees two-fold increase
      273 11 BEARING out the midterm optimism over its results, Paper Products (M) has reported a twofold increase in group pre-tax profit to $1.92 million for the year ended Dec 31, 1977. This level of profits is, however, only slightly higher than the $1.81 million reported in
      273 words
    • Article, Illustration
      City Developments clears its decks
      717 11  -  By MANO SABNANI CITY Developments has moved deeper Into the red as a result of heavy interest charges and the disappointing performance of its electronics subsidiary. For the first six months to April 30. the group has reported a pre-tax loss of 51.05 million compared
      717 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      234 11 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading a kaleidoscope of the many facets of Asia Now the
      234 words
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  • Article
    Lock icon Slowdown in world lending to persist
    1227 12 NON-PRIME BORROWERS WILL GAIN Rueter THE IMF said the relative ease in international financial markets in 1977 is likely to continue this year. This should allow access by even non-prime borrowers to relatively favourable financing terms, it said in its survey. The rapifl growth
    Rueter  -  1,227 words
  • Article
    Lock icon Conoco gives up offshore rights
    196 12 AFP THE Continental Oil Company (Conoco) consortium has given up its concession area off the east coast of Peninsular Malaysia. The consortium has assigned to Petronas Carigali all its rights over the area. A Joint statement from Petronas and the consortium yesterday said complete agreement
    AFP  -  196 words
  • Article, Illustration
    Lock icon ASEAN TO ASK U.S. TO TEAR DOWN TRADE BARRIERS
    474 12 UPI, AFP. ASEAN states will ask for an end to protectionist barriers against their exports at a ministerial conference in the United States this week. The economic meeting slated for Aug. 2 to 4 is expected to attack the fact that
    UPI,; AFP.  -  474 words
  • Article
    LONDON STOCKS
    742 12 LONDON, Mon Prices edged lower in thin trading, dealers said, and at 3 pm the Financial Times index was down 1.5 at 490 6. Government bonds closed up to '«p lower after falling by up to 1 -»p in continued reaction to the announcement of a new long
    742 words
  • Article
    Chambers will discuss trade promotion
    273 12  -  •y FOO CHOY PENG A DELEGATION from Associated Chinese Chambers of Commerce and Industry of Malaya is due her* os Aug 19. Promoting trade between Singapore and Malaysia will be Um central theme in talks with its local counterpart*. 1 The delegation, to he led
    273 words
  • Article
    Lock icon Little can be done about rising yen
    306 12 Reuter US Federal Reserve Board chairman William Miller said the Japanese yen is currently overvalued, but it is very hard for the US to take new action to counter this. He told the Washington Post he thinks It unlikely that interest rates will
    Reuter  -  306 words
  • Article
    Lock icon Team of top Tokyo traders coming
    136 12 AP A 20-MEMBER mis*ion of Japan's business leaders will visit Aaean for two weeks from Oct. 1, to explore chances for Japanese investment, a major trading bouse said in Tokyo yesterday. The high-powered mission made up of top businessmen, will be headed by Mr
    AP  -  136 words
  • Article, Illustration
    Bus passes will eat into revenue
    160 12 SINGAPORE Bus Service* (1978) is expected to suffer reduction in revenue of about $2.2 million a year when 50 per cent of its existing shareholders travels on concession bus-passes. This drop in revenue will multiply by at least five times to about 111 million
    160 words
  • Article
    It's $9,370 from Nov.
    32 12 PARLIAMENT yesterday revised the Speaker's monthly salary to $9,370, effective from Nov 1. Mr. E.W. Barker, Minister for Law, the Environment and Science and Technology, moved the motion.
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  • Article
    Bid for new textile pact with Sweden
    611 12  -  "y SIVA ARASU SINGAPORE will negotiate a new textile and garment agreement with Sweden early next month. According to a Trade Department official, the new agreement may be for either four or five years. It is to replace the current accord that is
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  • Article
    Japanese go for cheaper durables
    376 12 THE JAPANESE are Importing greater amount of particular products although this is not discernible when considering imports by Japan as a whole. The bulletin of the Japan Trade Centre quoting a Sanwa Bank survey, reported that these commodities include consumer durables goods produced cheaply overseas
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    Making it attractive to enter politics
    333 12 IN PARLIAMENT MEDIOCRITY In political leadership is a luxury Singapore cannot afford. It Is for this reason that the terms and conditions of service for Members of Parliament and officeholders should be made sufficiently attractive for the ablest and best to want to enter
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    CPF clampdown on errant employers
    237 12 EMPLOYERS will find the going tougher If they try to get around the CPF by understating or omitting wages paid to their employees. Important amendments in the CPF (Amendment N0.2) BUI presented for a second reading In Parliament yesterday will empower the Fund to examine
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    Relief ceiling stays
    136 12 THE Government is not expected to revise the $4,000 limit allowed for income tax deduction. This is because the recent reductions in personal income tax rates have benefited those in the higher Income group. For the middle and lower Income groups, the combined CPF contributions and assurance
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      145 12 Ti P AKTIENGESELLSCHAFT (Incorporated In tlta Fadaral Republic of Germany with Limited Liability) For our Singapore-Branch we invite applications for the following position: Manager Foreign Exchange and ACU which will be vacant due to a transfer of our present manager FX and ACU within our organisation. The successful applicant will
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    SHIPPING TIMES
    3972 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 shipping line involved, and the estimated dates of arrival and departure.from Singapore port. t Consortium* SeanDntch bat joint ir'riec arrangement with
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      289 13 MAERSK LINE Weekly Express Containerised Service To/From U.S.A. For further details call Singapore: *****46 Kuala Lumpur: ***** Port Keiang: *****0 Penang: ***** 1 EVERGREEN LINE (EVERGREEN MARINE CORPORATION! ■WlilU.l FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CMGO FOfrGENOA. LATTAMA. BEIRUT. ALEIANORIA. BENGHAZI TRIPOLI (LIBYA) r S
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      Page 13 Advertisements Column 2
      340 13 NAMYANG LINES REGULAR NON-CONFERENCE SERVICES FAR EAST TO MEDITERRANEAN S pan f. K«4jn{ Loadinf far UNIQUE WINNER V. IN 16 Aug 19 Auf P. SaM/Bairat/Lattakia/ Piraau»/lstantMjl/Thpali/ LYNNA VIN NAMYANG DRAGON V.IW NAMYANG CROWN V.IW 1 Sapl 21 Sapt 20 Od 4 Sapt 24 Sapt 24 Od All vessels accepting cargo
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      293 13 ANHSING LINE RE6ULM Smi-CMTMNII/ UNCI JERWCE S'pct P Mni UNION ATLANTIC 1/5 Aaf uNwunfcA JMON RRWMORE ~4/lA* umwuorto* 'i'L'S. UNION AUSTRALIA 11/» Danwun Ml fiiiitrfijrti LORD STEAMSHIP CO. S.A. TAIMAN/STIAITS/ TAIWAN EIMESJ LIMEI SEMKE PHELANS PENANS 1/4 Km 5/1 A*| •2nd CM S pan lMk Ay fm Lu4«| PHILIPINE ACE
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      263 13 NOTICES FAR EASTERN FREIGHT CONFERENCE NOTICE TO SHIPPERS CONTAINER SERVICE TARIFFS The member lines of the conference wish to announce that It has been found necessary to amend the L.C.L. service charges and the equipment transfer charges relevant to container cargo loaded or discharged In Penang as from Ist August,
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      72 13 SEA 0 LAND FORTNIGHTLY SIRVICI TO/FROM MIDDLE EAST LTL DUBAI B. ABBAS BOOKING TEL: *****22 noios m.v. "VISHVA RAKSHA" VOY: 28 arrived 28th July. 1978. at P.B.A. God own Nos. 15/16 General Survey of damaged carro ex the above vessel will be held on Friday 4th August, 1978, as from
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      841 14 SHIPPING FULLY CONTAINERISED TO EUROPE EXPORTS City tl Edinburf* 7/8 9/8 31/8 2/9 3/9 6/9 TkaMM Mara 14/8 15/8 2/9 4/9 5/9 8 9 Oufcaßav 19 '8 21/8 10/9 12/9 13/9 (17/9) Bmwwi 25/8 27/8 16/9 18/9 19/9 22/9 Htirtimt f irrmt 19 18/9 20/9 21/9 23'9 MjmhVU 3/9 24/9
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      754 14 SANKYO LINE] AUSTRALIA SERVICE YUEHAN IK HOT MAY SKY WWT MAYCAXP 22/23 AiiC KYOTCN MAM IS/lJAug YUE RIVER 27/21 A»ig Support LaaJmcfar. 3/4 Aug OWN. MIS. SYD. MIL 3/4 Ami FREM 20/21 Aug BWS, SYD, MCI 20/21 A«( FREM. ADEL. MEL SYD 29/30 Am SYD. MEL BANGLADESH SERVICE MAY BREEZE
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      505 14 LAND U.S.A./ ASIA SERVICE PIT KFMBMTED COMTAIMR SEIVtCE SAMJM EVEIT KMESMT FOR PORTS M USA. 'MM*. CARIRBEAN. JAPAN. KOtEA. TAIWUI. HOM ROM. THAILAND AMD PHIUPPtIIES C.F S CLOSES 7.00 ra Aug 8 VESSEL/VOYAGE Vessel C.F S CLOSES Aitiws/ Departs 7 00 PM WORLD TIGER V 6 4W *i« WORLD LION
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      833 14 Everett Lines Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON MRSMMCCYMmRA 63t2/2A»g HOMEYWA 2/3 AMI B.F.S.S.C. Agents in Malaysia TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel *****/***** Compania Argentina Oa Navagacion intercontinental S. A- C.I. F. °|Uf "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUENOS
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      314 14 <Sf» I \K I) I M \M I I Orient Overseas Co*Uci*te4. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Ml vessels call Bremerhavefl after Hambur( FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUE 2) '1 KanTvMTn (STRAITS CARGO VIA FEEDER TO/FROM HONG KONG) •TEH TUNC 46E 0 COMMANDER 141 tO
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      1202 15 OC.L Overseas Containers Limited tmumaw sawct t> h/chtimimt: H'burf R'dtfn It S'gort P. Ktfaitf D'mirk Bnm, A wtrp Hurt em h nimiu m im it isw i s«*t i sift TNANES MAM 14 A« 15 A« I Stft 4 Stft J Sift I Stft BBACA UT 1* 111 21 *«f
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      1205 15 Ben Ocean Ajcntaerncecf Ban Una Blue RmmelGtealjMs and NSUO re n/cMmanrr <*m i pmtesilam ivis am i*/a >« 27/28 Sept 28/:SSept a/24 set 11/11 Hev SUK liutts. Bilbao. Visterdaa Hull. II Set Lenocs, gi tuo, Amsterdam Hall. 12 Hav Leuoes, Bilbao, Amsterdam Hull IT Dec Leuoes, Bilbao, Amsterdaw Hull 12
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      Page 15 Advertisements Column 3
      1095 15 BEN LINE CONTAINERS ens 9*i r H cm o* eoinoursn THAMES MM NIU UT UNA van MNCIONC (IHttS KITAM HAN iowimm oar TOKYO UT OCNAiiCR M OWtS p'MAVtN I'MM HAVRE SffTM '"Win P. KflONf W. (tnm/IAM Mono Flaw* All U.K. I SckHiwih Antwerp »i tm T4 km 11 *o to
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      Page 15 Advertisements Column 4
      914 15 Scan Dutch V ONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA '•Her ressels acceptiaf W|l far Ih|M UNO FROM MED/UK/ Nil. BIJIMA !a<led TBYANA u led KBJRISAH SKM Ml houtman Ij G'burf 2) H'bart J B >en 4) Rttm 5) LeH t) M'seilles P. Kelanf Soon failed Sailed Sailed Sailed
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      717 15 f GUTHRIE BOUSTEAD e g s THE BANK LINE LTD. lub fn 111 «nau A VESSEL (Mauritius, Rtunioi, Zwibar. Mombasa, Durtiar, E 1.. P.E Capetown) p. hlM| 4/ I Sept Spore M UK ft* Etn i tMmi imu m mim. auuau RLIVEBANK p»rv»n c P. Ktlang Sport S/ J Aag
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      871 16 I Kline KAWASAKI KISEN KAISHA. LTD (VIA MET) It to nmon S'aore P. Kelang L.Havre H'burg Bremen R'dam A'werp HKMC CONTAINER lit 5A* lA* 25 An 27 An 21 An 29 An 31 A* MERCAIOR 7W 11 An 12 An 31 An 2 3 4 Sept I Sept ORIENTAL CHIEF
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      Page 16 Advertisements Column 2
      983 16 E.C.-V.S./L/ATLAITIC/GVLF SERVICE acceptiw ray La containers nmi spore. p. olajk. pouc leading Mr: NMFIU. H(« TMM. IUTIMMf, M« MLEANS. M«ST|N Singapore P. Keiang Belasan Plkang "A VESSEL- E. C. I GREAT LAKES SERVICE laamm ftr: mrfru. new t»k, mmtku. tmmtc. uitinu. mrmit, cmcm* Penang NIHM P. Kalang Singapore ■'S.l. WEST
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      1002 16 o k NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: Tt ENK (VIA yKZ)* Sport Mtelwc S'hampton H*biirc Brea. RBaa HONGKONG CONTAINER? SAH lAH 23 AH 27 AH 29 AH 29 AH NERCATOR 11 Ah 12 taf ft* 2 Sapt 3 Sept 4Sapi ORIENTAL CHIEF II Ah 19 Ah 5 Sept
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      641 16 MALAYSIAN INTCPNATIONAL SHIPPING CORPORATION UPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/U K/CONT! N ENT/SCANDI N AVI A Feeder Ul"( V«w I FUKKCi Lailef Sf LAMIA UUMU 1/ FIANCESCA 11/ (LfAMM It/ Ml. Kill riAMCnCA 15/ TOTAMA ILI A MIA U IMIItAN 'IttaMl (Mi ur|i t«r fmtm li* l>n EAST *****
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      902 16 f INTRASEA (PTE) LTC KtlUt INKPEMBERT SOH/FBU CONTAINER SERVICE TO EMM S'pore P. Kilanf ptiunf laa*«W Mr: "ANBERSI WBI2 (Caatr. tk«) > N Mturf r«Mi/S*ui Mtur| r«Mi/Sl«r|/ M'Millts S'tCM (UK.) ATLANTIC tLUTHU WBI4 lAm 1t« I>q Roam N'b«r| A'mrt. NORAS IA Wl N ta| 11 tv H'burf. R'dai* BMlOfn*. *tcctfti«(
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