The Business Times, 2 August 1978

Microfilm: NL9799
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 21VI/78 WEDNEBDAY, AUGUST 2, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Container berths
      49 1 THE PORT of Singapore Authority Is planning to convert many of its conventional berths to container berths. Communications Minister Ong Teng Cheong said yesterday this Is necessary to meet the rapid growth in contalnerlsatlon. Last year, 30 per cent of cargo handled by the port was containerised.
      49 words
    • Article
      Don't do it
      75 1 KUALA LUMPUR, Tues. Malaysia again asked the Australian government today not to Increase tariff on the Import of timber and timber products. Primary Industries Minister Mr. Paul Leong conveyed Malaysia's concern over the matter to his Australian counterpart, Mr. Lan Sinclair, who called on him this morning.
      75 words
    • Article
      Asean swap
      63 1 KUALA LUMPUR, Tues. The "swap" arrangement among Asean central banks Intended to tide members over International liquidity problems is expected to be renewed when the first one-year agreement expires shortly. A monetary source said that while the monetary authorities had not finalised their decisions get, it is quite
      63 words
    • Article
      Lock icon July surplus
      41 1 Reuter TOKYO, Tues. Japan's trade surplus In July rose from U552.95 billion (556.78 billion) in June, Finance Ministry officials said. Preliminary estimates show exports still rising faster than imports. Official external reserves last month rose to $29.37 billion. Reuter.
      Reuter  -  41 words
    • Article
      Lock icon New refineries
      81 1 AP SEOUL, Tues. South Korea has decided to expand its total dally oil refining capacity from the current 570,000 barrels to 1.57 million barrels by 1986, the Ministry of Energy and Resources said today. The expansion is intended to meet the nation 's rising demand for oil, which
      AP  -  81 words
    • Article
      Lock icon ADB recipient
      52 1 Reuter JAKARTA, Tues. Indonesia tops the list of recipients of loans from the Asian Development Bank, bank president Tarochi Yoshlda said here today. Mr. Yoshida said the bank was giving Indonesia loans totalling US$2OO million (Ss46o million) this year, an increase of some $64 million over last year's
      Reuter  -  52 words
    • Article
      Lock icon Caltex cuts output
      46 1 AFP JAKARTA, Tues. Caltex Company, the single biggest crude oil producer In Indonesia, has lowered its output of one million barrels a day in 1973 to 840,000 last month. One factor for the decline was decreasing demand from Japan and the US. AFP.
      AFP  -  46 words
    • Article
      Lock icon Dow Jones
      71 1 UPI NEW YORK, Tues. Prices opened higher in active trading today of New York Stock Exchange issues. The Dow Jones Industrial average was ahead 0.34 to 862.60 minutes after the opening bell. Since the blue-chip Indicator has rolled up 30.67 points in the past five sessions, analysts said
      UPI  -  71 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      130 1 Rises Most octive D Keramat 1000 +30 UOL 1,021.000 384,000 366,000 Tuck Cement 340 16 Haw Par High A Low 382 14 UOB H K Land 530 10 Sime Darby 326,000 C ft C 480 10 Sin Chew 236.000 Nanyang Preaa CCM DBS 336 456 382 +8
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    • Article, Illustration
      In Kuala Lumpur
      184 1 Rites Most active Tasek High and Low U.O. Land JC-MPH F. Cables 3.42 3.00 1.23 1.54 1.50 +.16 .12 .07 .07 .06 Haw Par S. Darby Consplant C. Sugars 420.000 256,000 242,000 213,000 S.M. Ind 1.52 .06 Total Turnover: 4.28 m C and C Bin tang 3.26
      184 words
  • Article, Illustration
    Asean to thrash it out with US
    834 1  -  TAX DEFERRAL TOP TOPIC byl John Tan ASEAN, at tomorrow's dialogue in Washington, will be pressing the United States for a specific commitment that It will not pursue in Congress the Issue of elimination of tax deferral for overseas affiliates of US multinational
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  • Article
    Blue chip index crosses 360-mark
    399 1 STEADY buying of blue chips on a wide front at the stock market yesterday enabled the Straits Times Industrial index to cross the 360-mark to close at 361.01. Several investment analysts viewed the piercing of the psychologically important barrier as a signal that the consolidation
    399 words
  • Article
    Highest loan increase in 48 months
    558 1  -  •y QUEK PICK LIM STRONG demand for bank credits In June this year led to the highest monthly loan expansion since January, 1974. The June Increase was $274 million, raising total loans and advances of the banking sector to $10.9 billion. In May, the
    558 words
  • Article
    Malaysia's LNG policy
    243 1 MALAYSIAN Prime Minister Datuk Hussein Onn said the exploitation and production of petroleum and gas must be stretched over the longest possible period and also carefully planned. He was speaking at the launching of Malaysia LNG Sdn. Bhd owner and operator of the M 12.4 billion liquefied
    243 words
  • Article
    General Securities expected to offer 25m shares
    254 1  -  •r PETER CHIA GENERAL Securities Investments Ltd. (GSI), a wholly-owned subsidiary or the Development Bank of Singapore, is expected toVosr 25 million shares to the public at $1 each within the next few weeks. GSI is a closed-end investment company set up in
    254 words
  • Article
    Chartered draws in $40 million crowd
    363 1  -  •r COLIN CHEE I THE $800,000 lucky draw Chartered Bank announced In late June has won for the bank some *40 million in savings deposits. As on last Friday, deposits received totalled about $36 million, exceeding the expectations of the bank's management. It 1s
    363 words
  • Article
    Lock icon Record gold price
    204 1 AP THE PRICE of gold jumped more than US$7 an ounce on the London bullion market yesterday, soaring to a new all-time high as the dollar continued to slide. The morning price for gold was fixed In London at 5207.50 an ounce, $6.20 above the previous high
    AP  -  204 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      27 1 whatever you need in menawear,getitat... Mm MOHAN'S DEPT. STORE (PTE.) LTD. 92X Orchard Road lei *****22 (next to Mandarin Hotel) ■»anch: 101,Tanglin Shopping Centre *****40 Daily :9am-9pm
      27 words
    • Advertisement
      Page 1 Advertisements Column 2
      90 1 BIRKART FREIGHT NEWS GBN LINE providing two regular services from SINGAPORE to LAGOS/ APAPA GIN CONTAINER LINE a fully containerised service carrying 20 ft. containers at 'Box' Rates GBN BULK SERVICE a regular liner service for palletised cargo at competitive rates. For rates and further details contoct: MR. TAN KAT
      90 words
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      Page 1 Advertisements Column 3
      55 1 PEOPLE la baste SINGAPOREANS by Gold Coast tmr* FREIGHT ratehihes hit Ann trade 5 LOOKING back at Israel's la* *ustrlal revolution f JACK Chla-MPH hardly HARW§O NS gets a big Uft GARMENT take te NY's catwalk MEMOPAO CROBSWORD6 2, AIRCRAFT SCHEDULE S, TV ft RADIO BRIBTOW 7, STRAWB IN THE
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    • Advertisement
      Page 1 Advertisements Column 4
      269 1 Tfl'Tfl LITE Wo'i .\>th The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has built-in extras that are unique. Olivetti's beautiful compact, desk-top Copia 405 copies just about everything, three dimensional objects and bulky originals. It comes with several features that make copying easy. A slope and
      269 words
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      Page 1 Advertisements Column 5
      3 1 Leader Pace 6
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  • TRADE AND INDUSTRY
    • Article
      Why bank fails to meet lending targets
      712 2 LENDING to Malaysia's priority sectors should be viewed from an overall perspective, said Enclk Azman Hashlm, executive director of Malayan Banking Berhad, who was defending the bank's failure to meet two out of the four targets set by Bank Negara While Malayan Banking
      712 words
    • Article
      Gold Coast fever hits Singaporeans
      280 2  -  By RAHIM KASSIM SINGAPOREAN'S have Invested more than $1 million in real estate In Australia's booming property area, the Gold Coast region In Queensland. The Gold Coast represents a strip of coastal land beginning at Southport, about 50 km south of Brisbane, to Cootangata In
      280 words
    • Article
      Lock icon CHINA EASES DUTIES
      68 2 AP CHINA announced yesterday that tourists visiting the country are allowed to bring gold and silver Items, educational films and books, and certain kinds of medicine without paying import duties, Hongkong newspapers Wen Wei Po ana Ta Kung Pao reported. Chinese customs have simplified procedures for tourists
      AP  -  68 words
    • Article
      The sleeping giant
      288 2  -  »y JOHN LIM THE region'* vut potential for plastic processing machine* has led an Austrian company to establish itself here so that it can be closer to its customers. Krauss-Maffei Austria's Singapore branch office has been operating in Singapore for the past six months, but the company
      288 words
    • Article
      Computing sales
      392 2 BOTH the private and public sectors In Malaysia are expected to continue using more computers, and Burroughs, claiming to be No. 2 In the industry worldwide next to the computer giant IBM, Is poised for greater involvement In the country. A spokesman of the Burroughs Division of Pernas
      392 words
    • Article
      Japan, KL centre
      115 2 MALAYSIA and Japan will soon sign an agreement for the establishment of a centre to facilitate transfer of technology needed by the Malaysian manufacturing sector. The centre will be under the Scientific and Industrial Research Institute of Malaysia (Slrlm) and will be equipped by the Japanese, who
      115 words
    • Article, Illustration
      Our World in Concrete soon
      120 2 SENIOR Minister of State (National Development) S. Dhanabalan will open the conference on "Our World In Concrete and Structure" on Aug. 24 at the ShangriLa Hotel The two-day conference, sponsored by the ReadyMixed Concrete Association of Singapore, has attracted 18 speakers from Asean, Hongkong, Japan,
      120 words
    • Article
      Thailand trade deficit up 91pc
      174 2 THAILAND suffered a trade deficit of 6.4 billion baht (***** million) during the first four months this year, a Commerce Ministry spokesman said yesterday. The deficit represented a 91 per cent Increase on that suffered during the same period last year which totalled only 3.34
      174 words
    • Article
      Lock icon GM to open spare parts office here
      141 2 UPI GENERAL motors has established a liaison office in Tokyo to buy Japanese automotive parts In a first attempt to embark on small-car production. According to a representative of GM-ODC, the offshore sales department of the giant amerlcan carmaker, GM will also set
      UPI  -  141 words
    • Article
      Trade mission off
      78 2 FOURTEEN electronic manufacturers are sending an 18-man trade team China to promote Singapore electronic exports there. Besides assessing overseas potential for local products, the mission also hopes to seek new sources of electronic components and parts, according to the mission leader, Mr. Robert Tay. The team leaves
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    • Article, Illustration
      PEOPLE IN BUSINESS
      179 2 MR. JAMES Pllklaftoa has been appointed manager of PA Consulting Services Malaysia, succeeding Mr. Arch Fraaer who has taken up an appointment with PA In Singapore. Mr. Pllklngton, 34, was previously a senior consultant with PA Management Consultants in London. He joined the company in 1974 after
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    • Article, Illustration
      Squirrels can have all the walnuts!
      269 2 A BLACK walnut plantation in Australia is beginning to bear fruit but the owners are not much interested in the walnuts. For the plantation, on 45 hectares of rich flats beside the Goulburn River in south-eastern Australia, is a timber-producing venture Nuts from the
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    • Article
      MEMO PAD
      483 2 COURSEB ANQ TALKS May 8-Aug 17: Aust Insurance Institute AssOclateshlp Course, SITC, SITC Aug 7-8: Costing L 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
      483 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      28 2 For a reliable packaged Air-conditioner of superb quality the name, of course is o HITACHI HITACHI offers a wide range of efficient and economical packaged air-conditioners. 1 R-COOLED
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      635 2 -IN-ONE CROSSWORD U CRYPTIC PUZZLE ACROSS 1 A fall In steel production? (5) 6 Bear corporal punishment (5) 9 Not a single person can get 10 Just the villain to start BSSK&aWin-." 11 Increase the price of fish we hear (5) 12 Forbid bread-making (5) 13 Oet back again to
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  • OVERSEAS
    • Article
      Faith in sterling boosts reserves
      127 3 BRITAIN'S official reserves which have fallen steadily since they peaked at U5520.87 billion (Ss4B billion) in January have risen substantially this month. Money market sources In London said despite heavy Bank of England Intervention to hold down the exchange rate during July, sterling has gained
      127 words
    • Article
      Lock icon Senate rejects IMF amendment
      457 3 UPI Reuter THE US Senate rejected an amendment opposing the International Monetary Fund's practice of making emergency loans to finan-cially-troubled Third World nations contingent on strict fiscal reforms. Opponents.' argued that It would defeat the IMF's purpose In assisting underdeveloped nations control their economies. They also
      UPI; Reuter  -  457 words
    • WORLD IN BRIEF
      • Article
        Lock icon IT'S INFORMAL IN SALZBURG
        474 3 Agencies ECONOMIC ministers of Austria. West Germany and Switzerland will meet for informal talks in Salzburg tomorrow. The Swiss government said the Austrian Trade and Industry Minister Josef Staribacher will play host to the meeting while Switzerland will be represented by Economy Minister Fritz Honegger and
        Agencies  -  474 words
    • Article
      Lock icon Effect of revalue move
      90 3 Reuter LAST month's revaluation of the new Taiwan dollar Is expected to slow temporarily the country's export boom, leading to a slower rate of economic growth In the second half of this year. The Taiwan Economic Research Institute forecast, quoted by the Central News Agency, estimated
      Reuter  -  90 words
    • Article
      Lock icon S. KOREA CHECKS SCRAMBLE FOR OVERSEAS CONTRACTS
      315 3 UPI SOUTH KOREA plans to adopt a new system of authorising construction projects undertaken by Korean contractors overseas in an effort to prevent dumping aad excessive competition. According to the system under study by tbe Construction Ministry, contractors licensed for overseas construction projects
      UPI  -  315 words
    • Article
      Growth policies will come home to roost in 1980
      709 3 THE US economy Is now facing the risk of doubledigit inflation In 1980 owing to the economic policy of the Carter Administration, said Professor Milton Friedman. In an Interview with the weekly La Vie Francaise In Paris he said the alternative
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    • Article
      Lock icon AYE FOR AUSTERITY
      131 3 AFP THE Senate la surprise move oa Monday night strongly supported budget austerity for the United States by passing an smwiitmsnt requiring a balanced Federal budget for fiscal IMI starting on Oct. 1, 1160. Senator Harry Byrd said only careful control of Krament spending would make it
      AFP  -  131 words
    • Article
      Lock icon Italy extends credit curbs
      273 3 Reuter THE BANK of Italy said It Is extending curbs on the growth of banking credit until March 1979, but raising to $50 million lire (*****,006) from 30 million lire, the level below which Individual credits are exempt from the curbs. Banks In Italy are required
      Reuter  -  273 words
    • Article
      Lock icon Moves to allow Japanese banks to set aside reserves
      308 3 Reuter THE Japanese Finance Ministry Is finalising details of a change In Its bank accounting guidelines to allow banks to set aside reserves to protect themselves against national bond price fluctuations. The Federation of Bankers Associations said recently the association had
      Reuter  -  308 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      110 3 EAC «*"rf| < IS. mr m '.TT"' <*.«r v'> v .>... v IT -'>■ h* tf v> V AGENTS: SINGAPORE: Barber Lines Singapore (Pte) Ltd 10th Floor, Ocean Building, Co I Iyer Quay, Singapore 1. Tel: *****. MALAYSIA: Harrisons Crosfield (Malaysia) Sdn. Bhd. 70 Jalan Ampang Kuala Lumpur Tel: *****/59
      110 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      429 4 THE Singapore rubber market yesterday closed lower with August One RSS buyers quoted at 229.25 cents per kilo, down 2.25 cents from Monday's close. The afternoon session started cautiously on conflicting reports of China acceptances but, later in the session, prices fell slightly on some stale
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    • Article
      RAS PRICES
      360 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 230 25 230 25 230
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    • Article
      SSR AND SMR
      102 4 NOON SSR and SMR prices yesterday. HAS Aufuit September (Currant Mth) (Forward Mth) Buyer* Sellers Buyers Sellers (cants per kj) (cents i lerkc) SSR 20 (1-ton pallet) 209 50 211.SON 210.50 212.SON SSR 50 (1-ton pallet) 207 50 209.50N 209 50 210.50N MRELB SMR5CV (1-ton pallet) 238.00
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    • Article
      Closing prices
      31 4 Rubber: Aug 1 Singapore: August 229.25 cents (down 2.25 cents) Malaysia: August 235.50 cents (down 1.25 cents) Tin: Mi 1,720 (up 130) Official offering: 154 tonnes (down 227 tonnes)
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    • Article
      Soybean
      92 4 CHICAGO soybean oil futures on Monday closed with losses of 0.03 to 0.17 US cent a pound while meal futures fell US$O.lO to $1.00 a ton. Traders said late commercial buying of meal helped stabilise prices, but the market remained on the defensive from local liquidation. In oil, one
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    • Article
      Wheat
      58 4 WHEAT futures finished unchanged to two US cents a bushel higher In Chicago on Monday. The market staged a late rally on outright commercial buying and commercial bear spreading, traders said. The advance accelerated on local shortcovering, mainly in the December contract. Initially, forecasts of higher world grain production
      58 words
    • Article
      Produce exchange
      397 4 COMMODITIES were generally steady on the Singapore produce market yesterday. Pepper prices remained unchanged. However, a packer reported that the undertone was a little better than before with sellers asking for higher prices for loose pepper. The week could see some reaction, he added. According to national quotes
      397 words
    • Article
      Hongkong Comex
      223 4 THE sugar market yesterday closed barely steady with turnover at five lots from four on Monday. Sugar futures closing prices: Previous Coming Cloatng Sep unq una Oct 641/50 6.80/99 Jan 6 60/80 6.85/7.20 Mch 6.85/7.10 7.20/40 May 7.05/30 7.41/55 Jly 7.10/45 7.56/74 Tone: Barely steady Total Mies: fIve
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    • Article
      SPOT PRICES
      82 4 YARN and cotton tn Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20s 1.780. 32s 2.250; 40s 2.340 (per bale of 400 lbs). Piece Good*: China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 36
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    • Article
      Palm oil
      83 4 C.l.c. North European ports, in US dollars per ton unless otherwise stated LONDON: Monday Previous Malaysia 5% ffa bulk per tonne September Sumatra 5H ffa bulk July August September October November December Nigeria b% ffa bulk stg MO sir unch 600 sir 570 sir 555 sir 545 sir
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    • Article
      Coffee
      299 4 TERMINAL coffee In London yesterday opened £35 to £9 per tonne down in a turnover of 185 lots. Dealers had expected the market to open higher partly on New York but mainly on anticipation of chartist buying Interest following Monday's very steady London performance. However, when this failed to
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    • Article
      Lead
      88 4 LEAD finished the morning up £2 for cash and £1 for Three Months In London yesterday. Some trade-hedge buying boosted Three Months to £320 on the pre-market although profit-taking trimmed the position back to £317.75 by the close. Sales were 2.250 tonnes. On Monday, lead on the day rose
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    • Article
      Zinc
      66 4 ZINC finished the morning up £3 for cash and £2.5 for Three Months In London yesterday. This metal held steady In modest two-way trading at around £318 per tonne for Three Months although outside demand continued at a slow pace, dealers said. Sales of 5,500 tonnes were mainly carries.
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    • Article
      Straits tin
      208 4 THE STItATTS tin price in Penang yesterday firmed Ms3o to $1,720 per picu]' Reduced supplies ot me metal from miners after Monday's end-month clearing coupled with strong Japanese, US and local speculative buying contributed to the sharp gain. Turnover fell to 154 tonnes from Monday's 381 tonnes and
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    • Article
      Cocoa
      280 4 TERMINAL cocoa in London yesterday finished the first call with gains from Monday night of £5 to £0.50 per tonne but was barely maintained in post-call trading In hesitant conditions. However, dealers said constuctlve chart patterns were Indicating higher prices over the short term. Trade sources said origins were
      280 words
    • Article
      Sugar
      242 4 TERMINAL sugar in London yesterday opened £1.85 to £3.05 per tonne down from Monday afternoon's closing levels but up to £0.75 per tonne above kerb levels. Sales totalled 996 lots. The market appeared rather hesitant. Traders are looking for further losses after Monday night's kerb shake out but others
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    • Article
      Rice
      204 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollar* per tonne FOi bull Bangkok) Wkita Wca: 100 pet Ist clan 407. 100 pet 2nd clan 383.100 pet 3rd clan 357. 5 pet 382 10 pet 337. IS pet 332. 20 pet 347. 25 pet 332. 35 pet
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    • Article
      Copper
      232 4 COPPER wirebars in London yesterday finished the morning with fains of £5 for cash and £4.5 for Three Months. The pre-market rallied on short-covering and fresh buying based on the strength in gold, further moderate purchases by China on Monday together with continuing Inquiry yesterday, dealers said, and the
      232 words
    • Article
      Silver
      168 4 THE Hongkong silver market yesterday closed unchanged at HK5259.50 per 10 ounces In continued dull featureless trading, despite active local bullion market, dealers said. The local close was equivalent to 5.5669 US cents per ounce, slightly lower than Monday's Chicago August close of 5.6450 cents. Fixing price eased 50
      168 words
    • Article
      Gold
      419 4 THE KILOBAR In Singapore yesterday opened at 8*14,831 and closed at $14,000. The high-low range was $14,900 and 914,820. The market was quiet. Spot gold for London delivery opened at U*****.90/ 203.20 and closed at U*****.00/30. The market experienced light Ero fit-taking in the mornlg and brought prices to
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        642 4 THE US dollar closed at 185.20/30 on the foreign exchange market yesterday, a five-yen drop from its closing level the previous day. There appears to be a general lack of confidence In the dollar and trading in the counter was speculative. Without a turnaround In sight, dealers say
        642 words
      • Article
        Asian $ & CD rates
        187 4 Asian CD rates ASIAN currency deposit interbank rates as at close on Aug 1: USDollai OCbr r V2r** > 7 days 1 mth 2 mth* 3 mths 6 mths 9 mths 12 mths ..91/19 ..93/19 .95/19 .99/19 ..9 15/16 91/19 ..91/9 (MlMk 7 15/19 91/19 93/19 97/19 913/19 915/19 9
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      • Article
        Discount
        44 4 RANOE of price* offered by discount house* on Aug 1: Overnight 3M* Call deposit* 3*% to 3%% CMM BuyMUa« 3-month Treasury Mils 3-month Bank Mils 3-month CD 6-month CD 3 3/8 31/4 518/16 513/18 63/18 1/16 1/4 «l/t Source: National Discount Co. Ltd
        44 words
      • Article
        MLR
        21 4 THE averse* nits at which Singapore banks are currently prepared to lend to their beet customer* is 7 per cent.
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      • Article
        Euro $ rates
        108 4 Euro rates LONDON Eurodollar deposit rates yesterday,' opened steady around Monday's closings in continuing quiet trading. In periods a Friday finish in Three Months made for a small upward adjustment while Six Months fell 1/16 or so on the loss of a Friday end of period. Eurodollar deposits opening quote*
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      • Article
        London
        211 4 THE dollar yesterday retreated again virtually across the board In opening trading, with the yen's strong fresh advance In the Far East and the Japanese reserves increase by US$2.O3 billion to a record $29.37 billion cited by dealers as the major influences. The yen moved up to 186.35/65 against
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      • Article
        Tokyo
        169 4 THE US dollar for overnight delivery yesterday closed at 188.00 yen, down from a 188.50 opening and 190.80 at Monday's close after falling briefly to a post-war low of 187.000. No Bank of Japan Intervention was detected throughout the day, dealers said. The dollar fluctuated between 187.70 and 188.30
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      • Article
        Hongkong
        172 4 THE US dollar yesterday fell sharply against the yen In nervous, hectic late trading on European selling. It fell to 186.40/70 yen from New York's 188.90/189.00 close and its 188.50/60 opening here, dealers said. Sentiment In the Far East could easily push the US currency down to the 180
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      • Article
        New York
        163 4 THE dollar generally ended weaker against major currencies In fairly quiet, calm trading on Monday. The decline reflected continued concern about the fundamental problems of US inflation and trade, and the expectation the dollar's fall has further to go. The Swiss franc finished at 57.90/ 58.00 cents, or
        163 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      45 4 COPYING Problem Toshibafax BD-601 f i Highest copy quality Low cost copies rf^ Completely dry True plain paper copier Advanced paper transport system Electronic circuit monitoring Minimum service requirement Compact size bJ-M ll=M 60. Orchard Road, Singapore 9. Telephone (A member o! the Inchcape Group)
      45 words
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      Page 4 Advertisements Column 2
      1 4 TL
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  • TRANSPORT
    • Article
      Airport floors double up for the Med
      416 5 THOUSANDS of holidaymakers who should have been lounging on Mediterranean beaches spent another hard night on airport floors all over Europe as the work to rule by French air traffic controllers entered Its sixth day yesterday. Britain was still one of the worst
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    • Article
      Lock icon GO-SLOW ANGERS FRENCH MINISTER
      154 5 AFP FRENCH Transport Minister Joel Le Theule said that disruptions caused by the nation-wide work-to-rule of air traffic controllers were "unacceptable". The quality of security •equipment in French air control centres could not be ■questioned as it is "at least (equivalent to those of other •developed
      AFP  -  154 words
    • Article
      Hikes in freight rates hamper Asean trade
      677 5  -  By CHAN BONG SOO EXPANSION of lntraAsean trade and the promotion of inter-regional trade are being hampered by protectionist barriers and exorbitant freight rate increases. which are brought about by the lack of alternative shipping services within the region. As trade is still
      677 words
    • Article
      Lock icon US clampdown on Soviet undercutting
      209 5 AP THE US House of Representatives has passed legislation designed to combat price-slashing competition by Soviet and other foreign government-owned cargo ships. The bill would prohibit such ocean carriers from charging rates below a just and reasonable level as determined by the Federal Maritime Commission.
      AP  -  209 words
    • Article, Illustration
      SHIPS IN PORT
      410 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Able Reefer (0500 42/43 Bright (0900 25/26 Hudson Maru (2300 after Songkhla) 36/39 Nedlloyd Slmoutskerk (0600 3/4 Straat Chatham (1900) 1/2 Temburong (1300) 21 East Westafcarrler (0600) 27/28 Wistaria Garnet (0700) 29/30 PASIR PANJANG WHARVES Dong Kwang (1500 after Kota Sejarah) Gdns.
      410 words
    • Article
      Barge – mounted what-have-you
      414 5 Barge mounted what-have-you RANGING from a luxurious floating hotel equipped with waterfalls, streams, ponds and foundations to a giant seagoing industrial plant, "barge-mounted" Japanese technology is now sailing out of the island country on a crusade to carve out a new future for the country's disappointed shipbuilders. Although Japan has
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    • Article
      FAR EAST FREIGHTS
      668 5 SHIPPERS can generally expect most freight rates to remain steady for the remainder of 1978 and landing craft as well as barges are In demand for projects In the Asean region. Sales and purchase Interest for vessels between 12 to 15 years Is Increasing slightly. Time charter
      668 words
    • Article
      Boeing deal
      35 5 BOEING Company said it signed a letter of intent to deliver 10 new B-767-200 Jets to International Lease Finance Corporation of California. The order has a potential value of US$25O million (***** million).
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    • Article
      Lock icon BA can't double stand-by tickets
      209 5 Reuter THE British Civil Aviation Authority (CAA) has rejected another British Airways plan to double stand-by tickets to the United States. "Our latest plea at the weekend was turned down but we are keeping up the pressure," an airline spokesman said on Monday. In an
      Reuter  -  209 words
    • Article
      LONDON FREIGHT
      176 5 PERIOD operations occupied the limelight on a day of quiet conditions In most other sectors. In the Far East the 7,097 dwt Kasuga received U552,300 a day (555.290) for 12 months trading after August delivery In the Far East. On the Continent meanwhile, the 26,197 dwt Righteous took
      176 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      721 5 ARRIVALS Service Local Operator Number Tine From MAS MHflOl 0700 KUL TMA TL374 0630 TPE MAS MH682 0725 KCH SIA SQ101 0615 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0045 PEN/KUL CPA CX710 1005 HLP OLA OA 980 1030 HLP THAI T0423 1035
      721 words
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Page thumbnail Page 6
  • Article
    FASA should keep to this course
    449 6 YESTERDAY'S suggestion of an Asean ship financing scheme spotlights the flurry of activity at the Federation of Asean Shipowners' Association (FASA) meeting here whatever solutions are proposed now, whatever the developments made in Asean shipping, results will be seen only in the long term.
    449 words
  • Article
    Don't bank on these gimmicks
    251 6 SUCCESS often draws a crowd of Imitators. But this question must be asked: Is the success of the Chartered Bank lucky draw campaign worth repeating by other banks? The only thing proved by the exercise Is that the Singaporean is susceptible to marketing gimmicks of
    251 words
  • Article, Illustration
    Now Israel is winning its economic war
    1537 6  -  Just three decades ago, the modern state of Israel became an independent political reality. Since then, periodic military struggles and the dramatic focusing of international attention on the geopolitics of the Middle East have tended to overshadow any analysis of Israel's economy. Here,
    1,537 words
  • Article, Illustration
    Lock icon STONY PATH AHEAD
    708 6  -  »y JUDITH PERERA FT THE Israel Labour Party (Mapai) which ruled Israel for the first 30 year* of its existance, was inapired by a mixture of socialism and Zioniam brought to Weat Aaia by ita founders, many of whom came from Eastern Europe. Initially the socialist influence
    FT  -  708 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      316 6 QL)<4p(Mo Hotel \riy fsiNGAPOHt 405/407 Havelock Road, S'pore 3. Tel: *****1 Cream Sherry Ycxj don't have to pay a high price for a good Cream Sherry. AnodiCT quality product from m Ku < w lon Bar Where beautiful things happen come around to lon Bar for a swinging get together
      316 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 WEATHER outlook for Singapore from 6 a.m. to noon today:- Mainly fair. Report for 24 hour* prior to 7.30 p.m. on Aug 1 at the airport: Maximum Temperature 32.t°C Associated Humidity 58 Minimum Temperature 22.6° C Associated Humidity 95 Hours of Sunshine 8.10 Rainfall in Millimetres trace Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      267 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Buzz Bodlne, Boy General (Repeat)* 3.30 Diary Of Events (Malay)* 3.35 Bonanza* 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction Three Queens (Repeat)* 6.30 News In Brief* 6.35 Tlmang Tlnggl Tlnggl (MalayRepeat)* 7.05 Candid Camera* 7.30 News and
      267 words
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  • Article
    KL merchant bankers seek concessions
    1480 7  -  By NOORJAHAN KARIM TCAL.AYSIAN merchant banks are awaiting impending legislation to confirm their status in the financial sector as specialist wholesale banks. Although the move to place them under the Banking Act, 1973, is regarded as a "tldying-up exercise, merchant banks are hopeful that they
    1,480 words
  • Article, Illustration
    STRAWS IN THE WIND
    534 7 "3ffiMEMBER the old Tang Suanh Kiong Temple (Henderson Road, opposite Telok Blangah New Town flats) we featured on page 2, •Monday June 19? The spirit m ot progress and the Hous~tng and Development Board's swimming pool project is unrelenting it seems, for the temple is scheduled
    534 words
  • Article
    Lock icon HSIANG-CHI – THE ELEPHANT CHESS OF CHINA
    563 7  - HSIANG-CHI THE ELEPHANT CHESS OF CHINA ■y DENNIS BLOODWORTH OFNS CHESS, like Christianity, is one of the many treasures of the East that an acquisitive Europe laid rude hands upon, recast almost beyond recognition, and then sold back to its original owners. An intellectual minority in Asia play the international
    OFNS  -  563 words
  • Article
    Bukit Timah Plaza
    66 7 IN THE article headed "London can't compete with Orchard Road" carried on Page 7 in the Business Times yesterday, Richard Ellis, C.H. Williams and Loh (Pte) Ltd. were named as consul- t&nts on the Buklt Tlmah Plaza shopping centre project. However, they are not advising on this
    66 words
  • Article
    Whipped all the way to the bank?
    888 7  -  [FOBUM. r ...0D economics J ■y BILL COCHRANE Bill Cochrane is a writer..* for the Financial Times of*" London. FOR some time, the Japanese have been the universal whipping boy in world trade. Conditioned by the rising tide of Hondas and Datsuns, stories
    888 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      336 7 V SI est #2W&. New Japanese Restaurant KIKU^p serving authentic Japanese food >5 TP "Rppan Yikki *~lempura Shashimi *Sukiyaki *ShabuShabu l/11/l I JAPANESE IVIlVvt RESTAURANT ORCHID INN Tel *****2 214, Dunearn Road Singapore 11 What is it about the Imperial Bar that brings them in night after night? The entertaining
      336 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      38 7 BriStoW: FmnJdiickens Pnß.fiPlLP^D B SUGV4T ffco6l£ro WITH "M\S ORDCR i£PV€ rruTu one.. pwd Ger 10 GtfvPS UlTrt \T OTneeutsc ru_ rr Mcrae.... \F l DON'T FiisUSH IT PiT I CAN PkLUJPIVS come IN ON SRTuRDPiv t ronPRMN/ mRN.
      38 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Toronto
      321 8 SHARE prices closed higher In active trading on Monday. The composite index was up more than four points with advances In 12 of its 14 component groups. Gains outnumbered losses 257 to 184. Among companies reporting higher earnings. Chieftain Development rose 1-1/2 to 281/4, Bralorne Resources 1/2 to 71/2,
      321 words
    • Article
      Liggett Group incurs loss
      149 8 LIGGETT Group Inc. a major US cigarette manufacturer. reported a second quarter operating loss of US$B,B million, or $1.02 a share compared with a profit of $6.2 million, or 65 cents a share in the same period a year earlier. Revenue rose to $257.7 million from
      149 words
    • Article
      Zurich prices close steady in quiet dealings
      427 8 EUROPEAN MARKETS ZURICH prices closed steady In quiet dealings on Monday, despite the renewed dollar weakness. Dealers said demand centred on Elektrowatt and Motor Columbas in financial, following favmurable press comment. Leading banks and insurances were barely changed, while among narrowly mixed industrials,
      427 words
    • Article
      Zurich
      182 8 JULY SI Francs Actions Sulsses 265 V. unch AlusulsseBr 1250 unch Alusuisse Reg 525 +7 Brown Boverl Br 1650 unch CibaGeigy Br 1060 unch CibaGelgyPC 800 -15 Clba Gelgy Reg. 583 >1 Credit Suisse Br 2165 -5 Credit Suisse Reg 410 41 Elektrowatt Br. 1850 20 George Fischer Br
      182 words
    • Article
      Amsterdam
      221 8 JULY 31 fis ABN 364 50 unch Ahold 107 30 -0 9 AltZo 3140 +0 6 AMEV 83 50 +0.6 Amfas 106 00 1 Amrot Bank 76.00 -0.1 Bergoss 52 10 -0.1 Berk 93 00 +0.9 Bols 70 00 -0 8 Borsumlj 155 .00 -1 Burhmann 7170 -0 8
      221 words
    • Article
      Paris
      268 8 JULY 31 Frs CORBEILLE Alr-Liqutde 335 -3 B S N Oervals Danone MO 10 CSFtThomsonCsf) 290 -2 Cte Francalse desPetroles 144 50 -1 Compagnle Flnanelere Compagnle 390 Generale -t Credit Foncter De France 291.90 -99.5 Hachette .10 (Llbralrle) 229 Machines Bull 47 -0.8 Michel In (B) 1342 .16 Partbas
      268 words
    • Article
      Frankfurt
      215 8 JULY SI Dm Aef-Telefunken 79 80 -0.5 Akzo 28 ao unch Allz Leben «75 AIlz Vers 479 unch BASF 135 50 +0.1 Bay HT Wbank 288B Bay Vbank 328 -1.5 Bayer 139 70 unch BBC 313 BMW 268 -0 5 Cassella 380 unch Chem Verw 208 50 +0 5
      215 words
    • Article
      Brussels
      92 8 JULY II Frs FORWARD MARKET Acec 344 4-7 Arbed 2400 15 Astur 838 36 Brascan 4«2 -6 Bru-Lamb 1540 unch Canpac 580 ♦2 Cock 440 14 De Beers 209 unch Ebes 2290 -10 Electrobel 6750 10 Ob-Inno-Bm 2310 unch Oev 1328 ♦6 Hobok 2325 20 Petro 3740 30 Ryl
      92 words
    • Article
      Milan
      97 8 JULY 31 Lire Ante 125 unch As»oc Oen ***** -140 Bajtogi 481 +5 Central* 3737 -46 Flat 17W unch Flnslder 138 SO ♦0.5 Oen lmmob 76 unch IFlPn 2271 1 Italcementl ***** 50 Italgu #70 -1 Italslder 277.50 4-1.5 Magnet! M Pi 485 -2 Mare 111 Ere 320 25
      97 words
    • Article
      Shares still rising
      1251 8 NEW YORK STOCK PRICES rose for the fifth consectlve session In active trading on Monday, overcoming dollar weakness and Initial profit-taking. Analysts said hope* that Interest rates may peak and the pace of Inflation may moderate contributed to the gain as did hopes for a reduction In
      1,251 words
    • Article
      Jo'burg
      385 8 OOLD shares on Monday were mixed on the stock exchange with a marctnaßy firmer bias after an easier start. Initially shares eased, reflecting the decline In the bullion price. Mixed interest from mid-morning onwards, however, sent selected Issues W ffSng financial* were quiet and generally at previous levels. De
      385 words
    • Article
      Lock icon Market retreats
      602 8 TOKYO Source: DBS-Daiwa MAJOR brokerage houses were heavy buyers yesterday, with purchases centring on largecapital stocks such as chemical, cement and steel Issues, since the day was the first trading day for August. However, the Nikkei Dow-Jones average declined because of the sharp appreciation of the yen. In
      Source: DBS-Daiwa  -  602 words
    • Article
      Lock icon Hongkong
      377 8 Source: SHK Sec AFTER a subdued but steady start yesterday, the market Improved on better sentiment following a bullish report In the Tal Cheung annual report on the property market by their chairman and the conUnued buying of HK Wharf despite that the main buyer has withdrawn at this
      Source: SHK Sec  -  377 words
    • Article
      Sydney
      298 8 THE market closed mixed yesterday, with uraniums generally higher after reports of good progress on environmental Issues In talks between producers and the Nothern Land Council, dealers said. Pancontlnental rose 20 cents to A 518.70, Queensland Mines 20 cents to $3 and Kathleen Investments IS cents to $2.00 but
      298 words
    • Article
      Manila
      166 8 THE market closed mixed yesterday, with commercials and ol\s posting slight gains while minings declined, dealers said. Turnover fell slightly to 23.13 million pesos from Monday's 23.18 million. Gainers Included Acoje Mining Atlas Con B. Oriental B. Phil Overseas, Pogel, Beafront, PLDT, San Miguel B and Vulcan. Among the
      166 words
    • Article
      CHICAGO BOARD OPTIONS
      1574 8 July 31 CHICAGO Board Options Exchange volume rose to 147,473 contracts on Monday from 135,350 last Friday. OPTION8 OCT JAN APL STOCK Alcoa 40 6 1/2 UNTRD 61/4 451/4 Alcoa 45 213/16 i 5 3/8 451/4 Alcoa SO 11/16 17/8 NOL 451/4 Am Tel 53/4 UNTRD UNTRD
      1,574 words
    • Article
      Bangkok
      217 8 THE market eased In light trading yesterday, and tne Book Club Index fell 3.92 oolnts to 158.23 on turnover of 178.9 million baht, dealers said. Bangkok Bank and Bank of Ayudhaya fell six baht to 368 and 282 respectively, and Thai Farmers Bank four to 378. AUGUST 1 Bahts
      217 words
    • Article
      Selected indices
      66 8 FINANCIAL TIMES INDUSTRIALS Monday 480.4 Friday 492.1 Week Ago 483 9 DOW JONES AVERAGE INDUSTRIALS Monday 882 27 Friday 858 29 Week Ago 831.80 LONDON DOLLAR PREMIUM Monday #9 to 99* Friday 99H to 99* H.K. HANG SENG Tuesday 593.13 Monday 584.42 Week Ago 578.02 SYDNEY INDUSTRIALS Tuesday
      66 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      178 8 o o ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles? If not then
      178 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Bethlehem Steel chalks up sharp rise in profit
      768 9 N. AMERICAN > Reuter BETHLEHEM Steel Corporation, the second largest American steel maker after US Steel Corporation In terms of shipments, has reported a sharp increase in its second quarter and first half profits. The company said its profit was US$B4.B million,
      Reuter  -  768 words
    • Article
      Lock icon Higher rate fears cast shadow over Avco prospects
      640 9 FT FOUR YEARS ago, Avco Corporation, which is to supply engines for the new British aerospace HS-146 feeder-liner Jet, was in deep trouble. What in retrospect proved to be a wild diversification spree during the conglomerate mania of the late 1960s had
      FT  -  640 words
    • Article
      Lock icon Lockheed supplies know-how on military jet
      313 9 Reuter THE LOCKHEED Corporation said It had won a contract to supply engineering expertise on the FrenchGerman Alpha Jet military trainer. The plane will be entered In the US Navy's future competition for an advanced training system, and Lockheed's Job is to assure the
      Reuter  -  313 words
    • Article
      Lock icon Wheeling Pittsburgh soars
      99 9 Reuter WHEELING Pittsburgh Steel Corporation's second quarter profit soared to US$B.6B million ($2.11 a share) from $2.73 million (54 cents) in the same yearago oeriod. Revenue was $291.5 million compared with $262.8 million. The turnaround was attributed largely to modest price Increases, increased volume and elimination bf
      Reuter  -  99 words
    • Article
      Lock icon Loews sells off three mid-town hotels
      522 9 NYT IN A COMPLICATED flip transaction, the Loews Corp has sold three prominent mld'town hotels the Barclay, which will be refurbished, and the Blltmore and the Roosevelt, one or both of which may be converted to apartments. The sales are the latest In a
      NYT  -  522 words
    • Article
      Lock icon PanAm owes hefty rise to high load factors
      403 9 Reuter PAN AMERICAN World Airways Inc. the largest US international carrier, Joined other major American airlines in reporting a sharply improved profit for the second quarter. Pan Am. benefiting from unusually high load factors in June on all its routes, said Its
      Reuter  -  403 words
    • Article
      Lock icon American Brands says results slightly up
      333 9 Reuter AMERICAN Brands Inc said Its second quarter earnings per share came to $1.58 vs $1.54 on net profit of $42.54 million compared with $41.50 million. Sales were $1.23 billion vs $1.11 billion For the half-year period, earnings per shkre were $3.68 vs $3.09
      Reuter  -  333 words
    • Article
      Lock icon General Property Trust expects unchanged half-year
      299 9 Reuter GENERAL Property Trust reported an audited net Income of $3.53 million ($2.85 million) for first half 1978 on gross revenue of $7.32 million ($8.16 million). Interim distribution was 6.7 cents (6.5 cents) for units on Issue at Jan 1, payable Aug 25, register
      Reuter  -  299 words
    • Article
      Lock icon Dresdner Bank rises
      102 9 Reuter FRANKFURT. Dresdner Bank AO said overall profits for the first six months of 1978 rose above the year ago level, but gave no details. In a shareholders letter it said credit volume during this period rose 1.6 billion marks to 45.9 billion with the limited credit
      Reuter  -  102 words
    • Article
      Lock icon VW PLANS TO CLOSE PLANT
      98 9 Reuter VOLKSWAGEN CORP of America said it will halt production at Its Westmoreland, Pennsylvania plant, resulting in the layoff of most hourly employees. It said the closing results from a shortage of sheet metal parts because of a strike at VW's South Charleston, West Virginia,
      Reuter  -  98 words
    • Article
      Lock icon Mitsui plunges into the red
      585 9 r ASIAN Agencies TOKYO: Mitsui and Co, Japan's leading trading companv, reported a substantlalloss in the business year ending March 31, 1978. The company said net Income during the year dropped 40.8 per cent from the previous business year. Net income totalled U5522,577 million on
      Agencies  -  585 words
    • Article
      BURMAH RAISES SANTOS STAKE
      111 9 ADELAIDE: Santos Ltd said It will place 2.68 million 25-cent pat ordinary shares with Burmah Oil Australia Ltd at Asl each. The Issue will lift Burmah's stake In Santos to 37.5 per cent, the limit for Its interest under Santos' Articles of Association, from 33.9 per
      111 words
    • Article
      Jardine Matheson unit
      69 9 HONGKONG: The Hongkong Supreme Court has sanctioned the scheme of arrangement whereby Jardine Industries Ltd will become a wholly-owned subsidiary of Jardine. Matheson and Co Ltd, a spokesman said. The scheme was expected to become effective yesterday. Jardine Mathescm offered minority shareholders in Jardine Industries HK$4 a
      69 words
    • Article
      Lock icon KLM sees no change in quarter
      260 9 EUROPEAN Reuter AMSTERDAM: KLM Royal Dutch Airlines expects second quarter profit to the end of September to be of the same order as the same quarter last year. The chairman, Mr. Sergio Orlandlnl, said KLM's net profit was 100.7 million guilders in the second
      Reuter  -  260 words
    • Article
      Lock icon Charterhouse Japhet issue
      106 9 Reuter LONDON: Charterhouse Japhet Ltd will Issue UBslo million of floating rate notes due 1985, with a minimum coupon of 6 per cent or 1/4 per cent over the six-month London Interbank offered rate, whichever is the higher, said lead manager for the Issue, European Banking Co
      Reuter  -  106 words
    • Article
      Lock icon NIPPON
      44 9 Reuter FRANKFURT: The Nippon Steel Corp's 100 million mark straight Eurobond will be for seven years at 5.75 per cent. Lead manager Deutsche Bank said repayment is due on Sept 1 1865 and the Issue Is scheduled for pricing on Aug 10. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Placement at 99.5 pc
      62 9 BONDS&LOANS Reuter FRANKFURT: The 75 million mark Oesterrelchlsche Kontrollbank private placement was priced at MM per cent with a SV« per cent coupon and six-year life. Primary bond market sources said the life was originally planned for seven years, but was shortened to take account of
      Reuter  -  62 words
    • Article
      Lock icon Esso, BHP abandon well
      72 9 Reuter THE ESSO Exploration and Production Australia Inc/ Broken Hill Pty Co Ltd (BHP) partnership will plug and abandon the sweep one well in Bass Strait as a dry hole. BHP said the well reached a total depth of 900 metres. This is the second well
      Reuter  -  72 words
    • Article
      MIM
      22 9 BRISBANE: Mount Isa Mines raised its copper price, equivalent wlrebar basis c.i.f. main Australian ports, to All,lBo a tonne from $1,160.
      22 words
    • Article
      Lock icon Continental disposes stake
      99 9 Reuter LONDON: Continental Oroup Inc has sold its 10.1 million share holdings in Jefferson Smurflt Oroup Ltd to institutional investors at 181-15/16p per share, the companies said in a Joint statement. Continental said it decided to sell its stake because of probable conflicts of Interest which are
      Reuter  -  99 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      185 9 Senior Marketing Appointment A well established finance company affiliated to a leading bank in Singapore is looking for a suitably qualified person to take up the appointment of Manager, Marketing and Business Development. The successful candidate will be involved in the planning, development and implementation of sound marketing strategies and
      185 words
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      Page 9 Advertisements Column 2
      37 9 a division of PERKIN-ELMER is helping people the world over succeed with computers Let us help you, write or call: Perttn-Elmer Data Systems (Far East) Private Limited 30th Floor, UIC Building. Shenton Way, Stngapore 1. Tel *****49
      37 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1511 10 B9 and offer price* officially Hated and business in and reported to the Stock Exchange of Bln«M>ore yesterday with the number of shares traded shown In brackets in lot* of 1.000 unite unless otherwise specified Alt Time Settlement Contract* are quoted after the word "sett." Big Board deal
      1,511 words
    • Article
      Government bonds
      144 10 4 1/2% 1/8/88 (250,000) (99.908 99 968) S% T F 18/4/81 (250,000) (100.558 100.658) 8 1/2% T F 18/18/81 (250.000) (100.278 100.408) 5% T F 1/8/82 250.000) (100.358 100.408) 8% T F 1/1/88 200,000) (1) 100.46 7% 1/8/88 250,000) (100.758 100.908) 8 1/4% T F 11/VBl-84 (250.000) (102.558)
      144 words
    • Article
      Stock options
      90 10 STRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. Cotd Storage (Sept 11.70) (0.058 0.748). CudC (Sept 13-20) (2.758). F mmi N (Sept U.
      90 words
  • Article
    SHARE INFORMATION SERVICE
    2532 10 1978 High Low Company Last Safe +orGr'» Dhr Div Crr Gr* Yld Net P/E Vol Day C880) Higk Low Oil SECTION ONE "51. la 230 233 172 219 280 83 278 268 210' 480 INDUSTRIALS 132 Acma 123* Alcom 112 Allied Choc 133 BAT 195* Bata 80*
    2,532 words
  • Article
    Unit trusts
    141 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iNuim' prtaa a far Aag 1) (Carnal pi ■ion) The Commerce 2.17 230 INCOME BOND 1.07 l.U The Saving Fund 1.35 1.43 8'pore Prog Fund S pore Security Fund 1.06 1.11 MARA BUMIPUTRA FUND 1.06 1 97>d Flrtt Bumlputra 3 06 3.10
    141 words
  • Article
    In Kuala Lumpur
    1523 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 INOUSTRIAU Aama (2.388). AJtoamata (2MB). AIM* (2.288 2.SIS) (1) 2.20 (2) 2.20.
    1,523 words
  • Article, Illustration
    Index clears 360 barrier
    804 10 THE psychologically Impsr teat 350 mark was braathai on the Stack Exchange af Singapore yeaterday. The Straits Timee laduatrial index raaa 1.30 pointa to 381.61 while the volatile Buaineea Times lades which monitors the 19 moat active atocka of the day went up 2.47 poiata to
    804 words
  • Article
    Prices slightly easier in KL
    739 10 PRICES, under the combined strains of profittaking and heavy scrip deliveries, drifted to a slightly easier close on the Kuala Lumpur stock market yesterday. Trading was cautious. Most marxet operators moved to the sidelines to wait for a more positive trend to develop. The floor
    739 words
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  • COMPANY NEWS
    • Article, Illustration
      Second-half recovery at Berjaya a surprise
      628 11 'AGAINST even its own expectations, Berjaya Kawat staged a fairly strong recovery in the second-half of the year which enabled the 'company to improve on the previous year's record performance. Group pre-tax profit for 'the year ended April 30 amounted to M 52.89 million
      628 words
    • Article
      Murata to float bond
      93 11 MURATA Manufacturing Co Ltd (Murata) said it will float a 40 million mark (5544.3 million) unsecured convertible bond issue due 1986 in West Germany and other overseas markets, except the US. The bond, priced at par, will be issued on Aug 29 and signed on Aug
      93 words
    • Article, Illustration
      Jack Chia-MPH unscathed by timber setback
      749 11  -  By MANO SABNANI THE STRONG growth experienced by most of Its operating divisions has enabled the Jack Chia-MPH group to offset significantly a severe setback in the earnings of its timber division. Group pre-tax profit for the year ended March 31, 1978 came to
      749 words
    • Article
      JM (SEA) wholly acquired
      108 11 JARDINE Matheson (South-east Asia) became a wholly-owned subsidiary of Jardine, Matheson and Company, Limited on July 28 this year. It was expected that certificates for the 8% per cent guaranteed unsecured loan stock 1985 of Jardine Matheson Investments (South-east Asia), or cheques for those registered shareholders
      108 words
    • Article
      COMPANY MEETINGS
      54 11 Kinta Kellas Tin Dredging Company Ltd: AOM 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, Wlsma Damansara, Jalan Semantan, Damansara Heights, Kuala Lumpur, at 3.00
      54 words
    • Article
      DIVIDENDS ANNOUNCED
      227 11 Current payment Ex Date Book* cloee Date Total for Total for payable the year previous year Killing hill M. Flour Kuala Kampar FAN Riverview Sanyo Inda. (M) S pore daw (1*74) Pegi Malaysia Utd Malacca M Cement Pan Electric S. Darby Unaec Loan 9tk Berjuntai L. Pfrtk B.
      227 words
    • Article
      SCRIP ISSUES
      120 11 Company Particulars Ex Date Books Close i'e|i Malaysia Great Eastern Life M'sia Feedmills Lisa Hoe Synthetic Resin* Fiber Marlla Bonus Issue of 1 for 5 Bonos Issue of 1 for 2 RlghU Issue of 1 for 4 ®S1 00 per share Rights Issue of 1 for 4 Qf
      120 words
    • Article
      Keener rivalry brings down MBS earnings substantially
      654 11 STIFFER competition In the housing finance business, coupled with a reduction in its interest rates have significantly slowed down the profits of Malaysia Building Society in the latest financial year ended December 1977. Compared with the encouraging improvement of 11 per cent in
      654 words
    • Article
      Listing of UOF
      47 11 UNITED Overieai Finance Ltd. has been admitted to the official list of the Stock Exchange of Singapore under the finance section of the first trading section. Trading in its 19,465,649 shares of $1 each will commence as from 9.30 a.m. this Friday, Aug. 4.
      47 words
    • Article
      Cadbury acidity process raises costs slightly
      327 11 THE process developed by Cadbury Schweppes Australia Ltd for lowering the acidity of Malaysian cocoa does not add significantly to production costs, said chief executive J.R.Urquhart. There are capital costs and blending costs but overall there is a net saving on the cost of
      327 words
    • Article
      Harrisons gets big lift from 'three sisters'
      796 11  -  ■y DAVID CHOW PLANTATION giant Harrisons and Crosfleld Limited had its investment Income enriched substantially by the special dividends from "the three sisters," Golden Hope, London Asiatic and Pataling Rubber, paid in June last year upon their merger Into Harrisons Malaysian Estates. Its
      796 words
    • Article
      Jeram follows trend
      230 11 IN LINE with the recent exKrlence of other plantain companies, Jeram Kuantan (Malaya), one of the smaller rubber comCanles listed on the Kuala umpur Stock Exchange, has reported a fair Improvement in its pre-tax profit for the year ended last Dec 31. Preliminary results show that Its
      230 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      217 11 The combined effort of many of the wotricfis best medical mmasMedical and Health Annual iW ftZ This decade has witnessed tremendous number of new discoveries in medicine, and some of the greatest advances in medical knowledge the world has known. Keeping abreast of all these new developments is an awesome
      217 words
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  • Article
    Nine companies to parade their garments in NY
    730 12  -  B* WANG LOOK KEAH MNE Singapore garment will be participating in the 18th New Tfk National Fashion and Boutiques Show In September. The Singapore team wilt be led by Mr Lam Thlan, npmaglng director of Union Garment Manufactory. The other eight participating
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  • Article
    Lawyer stands trial
    385 12 SINGAPORE lawyer Khoo Hin Hiong, senior partner of the law firm Chor Pee and Hin Hiong, was yesterday charged in the First District Court with abetting the commission of two offences of criminal breach of trust by company director Cho Jock Kim. Khoo's trial opened before Senior
    385 words
  • Article, Illustration
    ICC expertise available to chambers and SMA
    375 12 THE SINGAPORE Federation of Chambers of Commerce and Industry and the Singapore Manufacturers Association have formed a national committee which will be a part of the International Chamber of Commerce (ICC). The ICC is a world-wide body started in 1919 to promote and
    375 words
  • Article
    FOREX CONTROLS LOOM IN JAPAN
    502 12 JAPAN will study possible exchange control measures to stop a further yen rise after watching developments on the Tokyo foreign exchange market yesterday, Chief Cabinet Secretary Shlntaro Abe said. This follows a brief dollar fall to a post-war low of 187.00 yen earlier yesterday before
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  • Article
    Lock icon FAO forecasts higher rice output
    241 12 Reuter WORLD rice production could rise to between 435 and 457 million tonnes by 1985, compared with 323 million tonnes in 1972-74, the UN Food and Agriculture Organisation (FAO) said. In a long-term study on rice production and trade It forecast world demand rising to
    Reuter  -  241 words
  • Article
    Lock icon HK gold imports soar
    123 12 Reuter HONGKONG gold Imports in June continued to rise sharpfo to <,412 kilos from I,Bl® In May aad 3,688 in June 1977. Census and Statistics Deportment figures show that imports comprised 5,838 kilos (503 in May) from UK, S witter land 382 (1,084). Australia 782 (288)
    Reuter  -  123 words
  • Article
    'Prosperity' tanker for Taiwan
    82 12 TAIWAN'S state-owned Chinese Petroleum Corporation will add another 100,000-tonne tanker In October to Its present fleet of seven, the Central News Agency reported In Taipeh. The "Prosperity" was launched at the Keelung yard of the China Shipbuilding Corporation on Monday and will be ready for delivery
    82 words
  • Article
    Lock icon Commemorating the Fukuda Doctrine
    471 12 UPI IT WILL be the first anniversary of the announcement of the "Fukuda doctrine" come Au(. 17 when Japan and the five Asean member states hold a private forum on strengthening relation*. The two-day meeting will be held In Bangkok and sponsored by Japan's Malnlchl Shlmbun
    UPI  -  471 words
  • Article
    Lock icon US backs increase in tin price ceiling
    152 12 Reuter THE US favoured u increase in the w*H«»g price of tin under the International Tin Agreement but oppoeod an increase in the floor price that was adopted at a London meeting last month, the House subcommittee on economic stabilisation said. The subcommittee
    Reuter  -  152 words
  • Article
    LONDON STOCKS
    808 12 LONDON. Tuea Price roee in light business following the strengthening of sterling against the dollar and on speculation over the possibility of a cut In minimum lending rate this week, dealers said. At 3 pm the Financial Times index was up 5.2 at 494.8. Gold shares gained up
    808 words
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      12 12 Harveys Bristol Cream. Fhe best sherry in the world. Eastern Agencies jSfi;
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      Page 12 Advertisements Column 2
      64 12 This announcement appears as a matter of record only. August 1978. GULA PADANG TERAP BERHAD M $14,700,000 TEN YEAR TERM LOAN GUARANTEED BY THE GOVERNMENT OF MALAYSIA Managed by f kV-' I Provided by MALAYAN BANKING BERHAD THE HONGKONG SHANGHAI BANKING CORPORATION THE BANK OF TOKYO LTD CHUNG KHIAW BANK
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  • Article
    SHIPPING TIMES
    3185 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 Cwitrtluu SuuDatcb Has a Joint «rr»4ee
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      0 13 `=(>^*\'%"{{\{>\,?;%?;[,"({%,[)
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      285 13 MAERSK LINE Fortnightly Direct Express Service Europe/Straits For further details call Singapore *****46 Port Kelang: *****0 Kuala Lumpur: ***** Penariß ***** 1 SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION nfi!lU:T:7.l FAR EAST/RED SEA, MEDITERRANEAN EXPRESS FULL CONTAINER SERVICE AISO ACCEPTING CJUTCO FOB: GENOA. lATTAKIA. BEIRUT. AIEXANOBIA. BENGHUI. TAIPOLI (LIBYA) S port
      285 words
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      407 13 SHARJAH SHIPPING CO LTD (UN.TfO SMB tM SilfS Nf Sfl »C(N*S P «",fN' SHARJAH SHIPPING iS PTI HO ORIENTAL SHIPPING CORPORATION *h Roo' *I«ns Hot B<d( «u»ts IUMPuB 'fl .'O6IV 34 Philip SI S pet 1 ISIUNO CARGO HANDUNG 'fl 91 133 9i?«4 7 91 ?430 PfNANG 'fl (.10S") LIAN
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      Page 13 Advertisements Column 4
      330 13 EVERGREEN LINE REGULAR RCO SCR LINER SERVICE ETA S PORE EVER PIONEER fa* S EVER HONESTY S*t 15 LOADING FOR JCDOAM. AQASA JEDOAH GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD.. 131. ROBINSON ROAD, SINGAPORE. 1. TEL *****33 LINES) TELEX: RS2I4SI LU'S BROTHER CO. S.A. REGULAR LINERS AND SEMI-CONTAINERS SERVICES FROM
      330 words
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      309 13 Seatrain Full Container Service to USA FIEDMVSI row HOTMUKI M OU U GULF C/C «vessel 6/8 Seitrrn 14/1 21/1 77/1 (/I 11/9 Princeton V HI -AVtSSfL Seitram 11/1 Itimftwi 21/1 1/1 1/1 11/ l 14/1 U/l V. Ml Full Container Service from USA ■OTHH *U l/c W OH u HI
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      919 14 SHIPPING Hapag-Uoyd FULLY CONTAINERISED TO EUROPE City <* Cdmtwri* Tbanm Mara OMteter Htngfcang Eiprtu Mum Miry Mta«*a 5/1 6/8 7/8 30/1 Z5/8 »/0 S 1/3 Munstenand 17/8 2/9 13/9 19/9 10/5 Holstenstein 2/9 3/9 27/9 20/9 30/9 4/10 27/9 Bucnenstem 30/9 17/10 29/10 27/10 25/10 FULLY CONTAINERISED TO 6ENOA/TRIESTE S
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      822 14 a SANKYO LINEI AUSTRALIA SERVICE P Smtaoore I nutini frr YUEMAN IN PORT 3/4 Aug OWN, WIS, SYO. MEL MAY SKY WKHrr 3/4 Aag FREW MAYCARP 22/23 Am 20/21 A«f BRIS, SYD. ME I KYOTEN HARU IS/19 Aug 20/21 Auc FREM, AOEL, MEL, SYO YUE RIVER 27/21 Au( 29/30 Aug
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      686 14 sea Aland? U.S.A./ ASIA SERVICE M i-naTtiNil SERVICE SMUMC EVEIY NEDNESOAY FOR PORTS IN NSA. VF^SFI/VOYAGE Vessel C.F.S. CLOSES VESSEL/VOYAbt Arrives /Departs 7.00 PM WORLD TIGER V 6 MM/11 WORLD LION V 6 *f"/u WORLD TIGER V 7 M 24/25 *u C 23 WORLD LION V 7 *i3i/s«pti *m3Q DIRECT
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      838 14 •dVtt f Wg; Burnt Five Star Shipping Corpn. \Bk "BURMESE NATIONAL LINE" LOADING FOR RANGOON PttASMKGTMmM Utt/2 HTONEYHA W *«l B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/***** t4 Compaoia Argentina Da 7 a* "MEXICAN NATIONAL LINE" FAR EAST MEIICO I CENTMI AMFRKA LOADING
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      596 14 r I \R I) I M I \H m /T A Orient Overseas Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) > M > HtOM CONTAINER UN fc NERCATOI 7 R 11/8 OMim CHIEF 1M 18 8 1 JUS MIDGE 17* 24 8 ORIENTAL RESEARCHER JN 30/8 NEPTUIK COMI JN
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      1481 15 OCL Overseas Containers Limited cwTUDOssiP soma re n/cmtuknt: XITV IF niNBURIN TNMKS MARU WU MY HM«W MNIIW (irnu KITANO MAN MWUMN SAT TOKYO MY Licmlmi camimn my Mburf S pore P Ktlt«| O'wrk I II ta| II AK uak is J s««t tl km 11 ta| tl Stf n <k
      1,481 words
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      1150 15 I:..- flffy f 'flijj mntiuu wn i« *a« »w h II MM NOV 17/11 Sept »/»se»t J*-" B ■ENCRUACHAn"""* ~n/M'Ul L..10.1, Aarteraa* renvannock B,IMCRE ME ARC "/I* Nt 11 w LeiiMs. Bilbao. Aawtnca" rm m/tmmmn mo Sails uw NIWI P h.t«f Singapore KMC lIUIC NAN SJiM «/>• *ag lr.ROae»ia. BENOEARC
      1,150 words
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      781 15 BEN LINE QH| h'nk iwhi **m wm sno* TB IWH: T ipftn p. fetan tonpm»/BW»* lr»c. *U I ScaMiM<» Ww» CUT Of ESINBMCN •U| 11 An TttfT 1 Soft 4 So* »*W« TNAMES MARU 14 An IS In IW 4 'if OSAKA BAT 11 |a Jl Am II toll 11
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      1027 15 Scan Dutch V BfffSSE^S 53 WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA S po» L Mat'llts 2 X NMiff 4) Sfew| i ii/i n't n/ 11/ Ml I </ l/l 11/ l/l Wl 11/ u/ at i it/« »/1 it »/1 i it tartar mull mttMi wit tar l«p» UND FROM MED/UK/ L£Ul
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      738 15 AGENCIES THE BANK LINE LTD. IMB rat L ft S Art ICA VESSEL (Mauritius. Reumoi, JmuMi. Mombasa, Durban. E.L.. P E p KtiH( «/a»«»t s »o'« *mn w»t nan iw t nm imu m mim, «mmu OLIVEIAM Penan» P Kcljnt Spare II I M UUMI Slbu Pfi»nt P. Mlani t/12
      738 words
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      728 16 K LINE KAWASAKI KISEN KAISHA. I TO «m VKD Cmtxmr Vasuls to man S'pore P. KelMf I.Havre H'twrg Bremen t'aam Aw«p nkbb container uw s An MERCAIN TV il An 12 11 An 2Sa* 3 Sa* 4 Sapt I Sa* ORIENTAL CHIEF IRW II An 1* An 7 Sapt I
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      998 16 E.C.-H.S.A./ATLARTIC/CRLF SERVICE MttPTHK ro/ltt CMTIHOS KM rfW. > HUM. HUM lealtn tar: NMFMI. MI TMM. (UTIMMf Mf Mil AM. NRTM t UlMf MUM" PlM| -I vissii" E.C./GREAT LAKES SERVfCE Hum tar mnu. mi ran. mitmm. imm. uitimu. •man, cmcam **Wf h!»N I. Itlwi MIST OINCAl" mm 24 SCI) I*Ft/ 1
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      623 16 NEPTUNE ORIENT LINES LTD IVICES: m I twi B/M* nm Sapt 3 Sapt Sapt life* sapt issapt Sapt 73 Sapt let S let J A* 53 s 3 a 11 Ml SANKO LINE. T FROM JAPANESE PORTS AND HONGKONG v STATES STEAMSHIP COMPANY l"a VV«'J -li II: MJ'Jl* •Til I
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      610 16 i KB MAI+YStAN INTtKNATtONAL SHIPPING CORPOAATtOH BtRHAI) EXPRESS FULLY CONTAINERISED SERVICE TO/FRO* MED/UK/COWTINENT/SCAHOINAVIA tot mm Irnr Spare 1) Mwiliot r Rs»» Jl xtut| U>u'| fUKIKI lnM UtMIM if! I 21. 21 I ,55 HIM" 11/ I I 11/1 >/ t lUUNI I Ml Mlliu 12/1 4/ I 1/ 11/ 11/
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      880 16 7 INTRASEA (PTE) LTD f Hoii-jf j-JE: O'c'i.rcl Ro.tC Stiq.ipo'e 9 Telephone- h JOIAIM KtlUI INKPCN«NT ttM/Ffti CMTAINER SERVICE Tl ElMft S Hif P vimc pcm*i Luiit tar 'iwimmi iCM.M H »«lrt/rda■.S•»«l^g' MM>lleS S tTK (UK I ATLANTIC UItTMSS (lit fa« }Ad lAd «M/N't«r(/A Mr* ■OIASIA OtlS N M It
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