The Business Times, 3 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 THURSDAY, AUGUST 3, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Textile investors out?
      56 1 AP. JAKARTA, Wed. Indonesia's textile manufacturing association has demanded that the textile industry be closed to foreign Investment because of a 5.5 million metre surplus of textiles In the country. T. Akip, secretary of the association, said textile plants were working at only 70 per cent of
      AP.  -  56 words
    • Article
      Lock icon North Sea oil tax
      59 1 Reuter LONDON, Wed. Britain today announced stiff increases North Sea oil taxes to raise an extra £2 billion (SsB.6 billion) in government revenue by 1985. Chief Treasury Secretary Joel Barneit told Parliament that North Sea oil companies were making huge profits from Britain's natural resources, and
      Reuter  -  59 words
    • Article
      Lock icon Oilseed harvest
      74 1 Reuter. BONN, Wed. West Germany's oilseed harvest is expected to rise by 17 per cent to around 330,000 tonnes this year, the Agriculture Ministry said. This would be 34 per cent above the average level over 1972 to 1977. The expected rise reflects a 16 per cent increase
      Reuter.  -  74 words
    • Article
      Diplomatic posts stay
      48 1 LONDON, Wed. Britain today rejected a call from an influential committee to close about 55 diplomatic missions and smaller posts abroad. The proposal was made last year by the government's "think tank," the Central Policy Review Staff, to streamline and economise on Britain's diplomatic service.
      48 words
    • Article
      India doubles up
      69 1 NEW DELHI, Wed. India's industrial growth rate in 1978-79 is expected to be 7 to 8 per cent, nearly double that of last year, Parliament was told today. Industry Minister George Fernandes said the increase will be possible because of a surge in power generation and production
      69 words
    • Article
      Lock icon Asean telecoms
      54 1 AFP. JAKARTA, Wed. Twenty-nine telecommunications officers from the Philippines, Malaysia, Singapore, Thailand and Indonesia yesterday completed a five-month Asean domestic satellite system training in Bandung, West Java. The training was divided into a 14-week station manager course and a 14-week operational and maintenance course. Two telecommunications officers from
      AFP.  -  54 words
    • Article
      UK reserves rise
      37 1 LONDON, Wed. Britain's official reserves rose by US$l93 million (***** million) in July to $16,735 billion, compared with a fall of $119 million in June. In July 1977 the reserves stood at $13,422 billion.
      37 words
    • Article
      Teng for Thailand
      23 1 BANGKOK, Wed. Chinese Vice-Premier Teng Hsiao-ping Is expected to visit Thailand from Oct. 24 to 28. government sources said today.
      23 words
    • Article
      Three years for expats
      26 1 JAKARTA, Wed. Agus Sudono, chairman of Indonesia's Labour Federation, proposed today that foreigners be limited to three years working in the country.
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    • Article
      Lock icon Dow Jones
      56 1 UPI. NEW YORK, Wed. Stocks headed higher today despite the threat of an Increase In foreign oil prices. Trading was active. The Dow Jones Industrial average, off fractionally at the outset, was ahead 4.68 to 865.38 around 1600 GMT. Advances led declines by a two-to-one margin among the
      UPI.  -  56 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Most active GELife M Breweries K Kampar STP 197S M Cables D Keramat MUI CftC Sin Chew Ninyinf Pmi Tronoh Mine* 1100 610 340 690 190 1010 244 486 352 342 660 +50 +35 +30 15 15 10 10 +6 +6 +6 +5 Haw Par 360,000
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    • Article, Illustration
      In Kuala Lumpur
      175 1 Rises Most active Kramat D Keramat Lien Hoe Premium PChem Con. Pit. Wrts. Malayawata N Iron OCBC 2.85 10.40 2.00 1.39 3.36 4.18 2.80 5.10 9.15 .63 .20 .10 .09 .06 .06 .05 .05 .05 E A C. 660,000 Haw Par 500,000 S. Darby 44,000 Consplant 43,000
      175 words
  • Article, Illustration
    $16.3m deal pops out of the can
    885 1  -  F N STAKE IN METAL BOX By ARTHUR NG IN A $16.25 million deal, the leading local brewery and bottler Fraser and Neave and Malayan Breweries have taken effective control of Metal Box, the largest can producer In Singapore. Integral to the whole
    885 words
  • Article
    Lock icon DOLLAR SINKS TO NEW LOWS
    259 1 UPI. THE US dollar fell to record lows In Tokyo and Zurich yesterday and opened mixed on other European money markets. Japanese Prime Minister Takeo Fukuda said he will send an emissary to the United States to discuss the monetary situation. In a meeting with
    UPI.  -  259 words
  • Article, Illustration
    Slim hopes of Asean gaining concessions
    760 1  -  by 1 John Tan THE Asean-US ministerial meeting opens in Washington today amid pessimism that the two-day dialogue will not produce any major gains on economic Issues separating the two sides. A preliminary meeting, designed to iron out trade differences between the US and
    760 words
  • Article
    SIA's new computers, related facilities to cost $30m
    273 1 THE SINGAPORE Airline* group will spend $30 million on new computer* and related facilities over the next three years. It has bought a highly sophisticated computer, the ITEL Advanced System Model 5 which will be delivered this month. This model is considered
    273 words
  • Article
    Haw Par hits the $24m Cheung Kong jackpot
    514 1  -  By MANO SABNANI HAW Par Brothers International will reap a profit of more than $24 million from the sale of a major portion of its stake In Cheung Kong (Holdings) of Hongkong. The group announced after the close of the market yesterday
    514 words
  • Article
    Swiss loan for KL
    79 1 SWITZERLAND will sign an agreement with Malaysia to guarantee a 51 million Swiss franc (about 5564.8 million) credit line from a consortium of Swiss banks for Malaysfan development projects. The credit line was offered early this year when a Swiss goodwill mission on a tour of
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  • Page 1 Advertisements
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    • Advertisement
      Page 1 Advertisements Column 2
      37 1 Samson ite creates OMEGA From the sleek new lines of th<> exterior, to the high performance interior functional design becomes a •me art in Omega See Omega and you'll want to own it *S*Samsonite Eastern Agencies ji-
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    • Advertisement
      Page 1 Advertisements Column 3
      81 1 Leader Pag* SHIPPING TIMES MERCHANT banks steer clear of local banking laws PEOPLE in business TANKER market no bntk in lifht WHAT price death in HOTEL Royal profit at last! BEACORP set to weigh in with a record BIME can't farnish further TDC ini statutory body THINGS that you're always
      81 words
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      Page 1 Advertisements Column 4
      281 1 <0> OKI AC2SOB PABX MKT MKM t EFFICIENT Tttophtac Systam af Tttfay 14 Shaw Road Singapore 13 Tel: *****1/*****7 AKAISRof 5 m a m Wk *n. m 223 m yi \AT-2200FWAM STEREO TUNBM ICS- 702 OB FRONT LOADING STKttBO CASSETTE D&CK S* 5 > S&-U7S t-WAY i-SPEAKEM SYSTEM AP-100C STEREO
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  • TRADE AND INDUSTRY
    • Article
      Merchant banks steer clear of banking laws
      512 2  -  By COLIN CHEE MOST merchant banks In Singapore would prefer not to take in local deposits If it means coming under local banking laws. This is the view of former merchant banker Edward de Jong, now senior vicepresident of Private Investment Company for
      512 words
    • Article
      Merits and demerits in wage pact
      146 2 NTUC Welcome Consumers Cooperative Ltd. has Incorporated a merit and demerit scheme in the collective agreement with Its employees. The agreement Is for three years. Diligent workers will receive merit Increments In addition to their normal wage increments while malingerers will have their Increments
      146 words
    • Article
      Textile exports to US
      94 2 USAGE by the United Stares in respect of restrained Hongkong textile exports amounted to 430 million equivalent square metres In the first six months of this year. This volume Is 45.62 per cent of the overall restraint limit under the current 12month US-Hongkong textile agreement which
      94 words
    • Article, Illustration
      Something to crow about
      376 2 A NEW vaccine against Newcastle disease the deadly virus which affects chickens has been developed in Australia. The vaccine is the result of research by Dr Peter Spradbrow of the University of Queensland's veterinary pathology and public health department, and the veterinary vaccine manufacturing company, Arthur
      376 words
    • Article
      Asahan cost rises
      50 2 THE INDONESIAN government has been urged' to study meticulously the escalatlng cost of the Japanese-financed Asahan hydroelectric and aluminium project In Sumatra. A Member of Parliament, Mr. A wan Burhan, who recently Inspected the project, said the government should set up a verification commission at the facility.
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    • Article
      Lock icon ASIA IS RIDING CREST OF TOURIST INDUSTRY BOOM
      252 2 Reuter. THE ASIAN tourist industry is booming and the potential for further growth is enormous, according to one of Hongkong's top tourism organiser*. The number of tourists visiting South-east Asia and East Asia has increased by more than five times in the
      Reuter.  -  252 words
    • Article
      Oil hunt hots up in Siberian cold
      653 2 OIL workers are battling a severe northern climate while drilling for new reservoirs in a 19-year-old oilfield to help fill China's growing petroleum needs for export and internal use. Just 500 km from the Soviet border, the workers must cope with winter temperatures
      653 words
    • Article
      Isetan is setting up second branch
      145 2 ISETAN Company of Japan, a leading Japanese department store, plans to set up a second branch In Singapore. Isetan Emporium Is now scouting for an Ideal location for the branch which will likely be In the Orchard area. A 10-member team from the parent
      145 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      197 2 OO SKATE Singapore (Pte) Ltd., the company that recently launched the new sport "go skate" In Singapore, has appointed Mr. Kenneth Seek chairman. Mr. Seah was assistant director of port promotion in the PSA until his recent retirement. His experience, particularly In public relations, and the rapport
      197 words
    • Article
      Lock icon Higher yen benefits imports of copper
      391 2 Reuter. JAPAN la stepping up Imports of electrolytic copper, taking advantage of the yen's sharp appreciation to cope with a light demand on the domestic market. The yen's recent steep rise makes Imported copper competitive In price with domestic production, even taking into account
      Reuter.  -  391 words
    • Article
      KL pleads its case with Australia
      324 2 MALAYSIA haa urged Australia to refrain from further restricting Imports of timber and timber products. Such a move would aggravate the current trade imbalance between the two countries. The Malaysian Primary Industries Minister. Mr Paul Leong Khee Seong, disclosed this after a meeting with
      324 words
    • Article
      MEMO PAD
      490 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, BITC, SITC Aug 7-8: Costing li financial analysis for marketing managers; tfllton, Price Waterhouse Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-14: Design of experiments, NPB office, NPB Aug 7-29: Marketing management, Holdlay Inn,
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      158 2 Va I <A r ASIEIM-PAZIFIK-BAIMK AKTIENGESELLSCHAFT (Incorporated In the Federal Republic of Germany with Limited Liability) Subsidiary of Bayerteche Lendeebenk Qlrozentreie and Hamburg ieche Landeebank Qirozentrale 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
      158 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      621 2 CRYPTIC PUZZLE ACROSS 1 The first thing to Vead? (6) 7 How a dab swims (8) 8 Brazilian trooper? (4) 10 The navy suits him (6) 11 I'm a pal to this animal (6) 14 Oo hard as Jelly! (3) 10 One name for the Nazi type (5 .> 17
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  • OVERSEAS
    • Article
      Lock icon Coffee nations out to stabilise prices
      868 3 AP THE president of the Brazilian Coffee Institute said the coffee growing nations In the world coffee pact are determined to stabilise prices at current levels. Mr. Camlllo Calazans said this on Tuesday after emerging from a meeting of Producer members of the nternatlonal
      AP  -  868 words
    • Article
      Lock icon Canada economises to the tune of $4.6b
      846 3 Agencies THE CANADIAN government will cut current spending by US$2 billion (554.6 billion), reduce taxes and cut back on Federal public service to stimulate the economy and create jobs. Prime Minister Pierre Trudeau said on Tuesday. Mr. Trudeau, in a nationally televised speech,
      Agencies  -  846 words
    • Article
      Lock icon Return to sugar quota
      409 3 NYT. THE US House agriculture committee has recommended a new domestic sugar support level of US 16 cents (537 cents) for 455 grams and called for a return to the much maligned coun-try-by-country Import quota system. The committee's action was the most recent salvo In a
      NYT.  -  409 words
    • WORLD IN BRIEF
      • Article
        BUYING LESS BRITISH
        529 3 BRITISH companies' order books are shortening, with 70 per cent of firms surveyed by the Confederation of British Industry reporting orders In hand of less than four months and only 11 per cent with more than six months' work. In the last survey four months ago, only
        529 words
    • Article
      Lock icon Trade deficit shock for Brazil
      173 3 UPI. BRAZIL suffered a balance of trade deficit of almost one half billion dollars during the first half of this year, according to a Finance Ministry report. The deficit of USS4S6 million (over SSI billion) came as a sharp contrast to a surplus of $245
      UPI.  -  173 words
    • Article
      The peril in store for lira
      113 3 RIGID adherence to a framework for European monetary union along the lines suggested at the recent Bremen EEC meeting would be catastrophic for weak currencies like the lira and sterling, the Italian economic forecasting institute Isco said. Without rapid stabilisation of their economies, a
      113 words
    • Article
      Lock icon House may pass $37b tax cut bill
      327 3 AP. THOMAS "Tip" O'Neill, Speaker of the US House of Representatives said on Tuesday the House will probably pass a US$l6.2-bll-Tlon ($837.3 billion) tax cut bill that President Carter and many liberal Democrats oppose. The President and the liberal Democrats want a tax
      AP.  -  327 words
    • Article, Illustration
      Fishing for the best methods
      550 3 Nor-Fishing7B REPRESENTATIVES from the UN Food and Agricultural Organisation (FAO), the Export Council of Norway, Norad and Norges Varemesse will meet at the 7th International Fisheries Fair (Nor-Flshlng *78) to discuss three aspects of post-harvest technology. Nor-Flshlng '78, from Nov 20-26, will be held at
      550 words
    • Article
      Lock icon Loan curb plan on US banks fizzles out
      465 3 NYT MEXICAN orriclals are expressing confidence that the United States Comptroller of the Currency has quietly shelved a controversial plan to curb loans by American banks to developing nations with heavy debt burdens. Mexico, with foreign debt exceeding US$3O billion (Ss69 billion)
      NYT  -  465 words
    • Article
      Lock icon New construction
      168 3 Reuter NEW construction in the US during June rose one per cent to a seasonally adjusted annual rate of U*****.5 billion (Ss46l billion), the US Commerce Department said. The increase, oompared with a 3 per cent advance in May, left June construction spending 14 per cent above a
      Reuter  -  168 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      255 3 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
      255 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      479 4 THE Singapore rubber market yesterday closed slightly higher with August One RSS buyers quoted at 229.75 cents per kilo, up half a cent from Tuesday's close. The afternoon session was steadier on higher London advices, upcountry covering, speculative buying and reports of continuing Chinese interest. Values
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    • Article
      Closing prices
      32 4 Rubber: Aug 2 Singapore: August 229.75 cents (up half a cent) Malaysia: August 236.00 cents (up half a cent) Tin: M 51.720 (unchanged) Official offering: 275 tonnes (up 121 tonnes)
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    • Article
      RAS PRICES
      371 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 3R S S. UK Cont Int 4R.SS. UK/Cont Int 5R.S S.
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    • Article
      SSR AND SMR
      100 4 NOON SSR and SMR prices yesterday: August September RAS (Currant Mth) (Forward Mth) Bu>er» Seller* Buyer* Seller* (a (OU per kg) (cent* per kg) SSR 20 < 1-ton pallet) 206 00 211.00N 210.00 212.00N SSR 50 (1-ton pallet) 207.00 209 00N 208 00 210. OON MRELB SMR5CV
      100 words
    • Article
      Soybean
      144 4 CHICAGO soybean futures on Tuesday closed with losses of 10% to 3V« US cents a bushel, slightly above the day's lows. Traders said the reduced export Inspection figure last week of 4.5 million bushels led to speculation of a larger carryover this season. Further selling in the nearby stemmed
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    • Article
      Rice
      179 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok). Whit* Rica: 100 pet Ist class 407. 100 pet 2nd class 302. 100 pet 3rd class 387. spet 382. 10 pet 357, 15 pet 352. 20 pet 347. 25 pet 332. 35
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    • Article
      Produce exchange
      333 4 PRICES for most commodities remained unchanged on the Singapore produce market yesterday with the exceptlonof coffee. All grades of coffee went down, according to a local dealer.due to some stop loss selling on brokers' recommendation. Some medium-sized sales were done. Trading was, however, on the whole erratic, the
      333 words
    • Article
      Hongkong Comex
      147 4 THE sugar market yesterday closed about 01.10 US cents higher In continued featureless trading, with four lots traded against five on Tuesday, traders said. The Hongkong dally spot sugar price was steady at 8.35 cents. Sugar futures doting prices: Pnvftosi Clocii| Hniii Sep unq una Oct 6.45/55 6.41/90
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    • Article
      SPOT PRICES
      192 4 Yesterday'! prices were not available. The foUowtnf are Tuesday's prices: YARN and cotton in Hongkong dollars, spot ex-jodown: Cotton Vara: China Blue Phoenix 20s 1.750; 33s 2.290; 40s 2.300 (per bale of 400 lbs). Ptooo Goods: China Butterfly and Olobe Brand unq, Dragon Head unq. Five Lambs unq,
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    • Article
      Coffee
      294 4 ROBUSTAS opened £35 to £25 per tonne down In a turnover of 399 lots in London yesterday. The lower opening followed the limit-down close in New York with trade and commissionhouse selling pushing near September down to £1,180 per tonne. At this level, shortcovering developed and prices steadies by
      294 words
    • Article
      Palm oil
      83 4 C.I.F. North European ports In US dollars per ton unless otherwise stated: LONDON: Tuesday Previous Malaysia f fa bulk per tonne September October Sumatra 5* ffa July August September October November December Nigeria ffa bulk stg unq 532 sir deleted 585/580 pds 555/545 pds 542V%/5CT*pds 535 pds 535
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      Sugar
      310 4 SUGAR futures In London yesterday opened unchanged to £0.30 per tonne up on Tuesday afternoon's levels. Turnover totalled 471 lots. Prices were Initially quoted around Tuesday night's lower kerb levels but some trade buying In a rather hesitant market saw values rally In thin dealings. The London dally raws
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    • Article
      Straits tin
      222 4 THE STRAITS tin price In Penang yesterday stood unchanged at Mi 1,720 per plcul. Although supplies of tin Increased, dealers attributed market steadiness to further demand from all sources, particularly the locally and from the US. Turnover rose to 275 tonnes from 154 tonnes on Tuesday, with no
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    • Article
      Cocoa
      392 4 THE opening call In London of yesterday was short with prices marginally higher against New York and slightly lower sterling. Traders said sentiment may be gaining some sup--Bort from vague talk of ovlet Union new crop physicals Inquiry from Brazil and other origins. However, they said the market Is
      392 words
    • Article
      Zinc
      98 4 ZINC finished the morning up £4.25 for cash and £4 for Three Months In London yesterday. This metal followed the general steadiness In base metals with some covering evident against small pockets of physical business. Three Months traded up to £321 per tonne during ring and Kerb dealings In
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    • Article
      Wheat
      81 4 WHEAT futures closed at or slightly above the day's lows, declining between four U8 cents and half a cent a bushel In Chicago on Tuesday. Two major exporters sold an estimated total of three million bushels of the December contract late In the session, traders said. The decline in
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    • Article
      Copper
      296 4 COPPER wire bars finished the morning with gains of C 5 for cash and £4.5 for Three Months in London yesterday. Dealers said the premarket reflected Tuesday's late rally in New York, combined with covering against US, West German and Japanese physical offtake. Three Months traded up to £743
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    • Article
      Silver
      167 4 THE Hongkong silver market yesterday closed HKSI.SO higher In continued quiet trading, with 10,000 ounces traded, dealers said. The market closed at the day's high after a low In the morning session of HK5259.00, while the day's fixing price eased 50 cents to HK5259.00. The local close was equivalent
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    • Article
      Gold
      375 4 THE KILOBAR In Singapore yesterday opened at 5514,715 and closed at <14,820. The high and low was $14,850 and $14,715 and trading was quiet. Spot gold for London dellvery opened at U*****.20/50. Fresh buying Interest at this level brought prices at a high of U*****.20/50 before easing off to
      375 words
    • Article
      Lead
      82 4 LEAD finished the morning up £1.75 all round In London yesterday. The market was very steady on covering against reported physical demand from the US, UK and Continent, dealers said. The movement took Three Months up to £321 per tonne with bouts of profittaking readily absorbed. Sales were 2,000
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        615 4 THE US dollar was again traded to a record low against the yen on the foreign exchange market yesterday. At one stage, the dollar was down to 183.30/40 but recovered with the opening of the London exchange. Opening at 185.85/95, the US dollar remained fairly stable In early
        615 words
      • Article
        Asian $ & CD rates
        176 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on Aug 2: (US DaiUr* (SpM) Offer By 7 dam 1 mtn 2 mtha Smtru mini 0 mlhi IS mihs 1/10 ..7 S/4 ..ll/l S 7/IS ..S 15/16 0 1/1« I/IS 8w. m. (MittltPi 7 15/16 7 5/S S
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      • Article
        Discount
        46 4 RANOI of price* offered by dlacount home* on Aug S: Overnight I*% Call depodU 3M* to 3H* CMm Buytag 8.111m J- month Treasury bill* 33/1 31/4 3-month Bulk bill* S 14/16 S 13/16 3-month CD 63/16 61/16 6-month CD 61/6 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE iTcraft rate at which Singapore banks an currently prepared to lend to thgir beet customers is 7 per cent.
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      • Article
        Euro $ rates
        88 4 Euro rates PERIOD Eurodollar deposit rates In London yesterday opened lower due to the Friday dealing technicality while short dates opened steady, but both sectors had a slightly softer tendency In quiet early trading. Eurodollar dapotfta opening quota* on Aug 2: Overnight S-l/IS. 7-15/16 Thur*/m ZS-VS, XX-1/4 Weekend X X-7/S
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      • Article
        London
        242 4 THE dollar rose against major currencies In active opening trading on demand from several centres yesterday. Rumours that Japan will act soon to curb the yen's recent sharp climb and a resurgence of speculation that Opec may shift its pricing away from the dollar to a currency basket created
        242 words
      • Article
        Hongkong
        251 4 THE US dollar eased against most major currencies, particularly the yen, In nervous late trading yesterday. It fell to a late 184.80/185.00 yen, with much European Interest noted, after fluctuating widely between 186.00 said 183.80 during the day from New York's 186.67/77 close and Its opening 185.75/90 here. Dealers
        251 words
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        Tokyo
        231 4 THE US dollar for overnight delivery yesterday closed lower at 184.70 yen, compared with a 186.00 opening and 188.00 at Tuesday's close, after falling to a new low of 184.30 Just before the close. Dealers generally estimated that the Bank of Japan bought between US 8100 million and $120
        231 words
      • Article
        New York
        195 4 THE dollar closed firm against major currencies on Tuesday, In most cases finishing above Tuesday's closing rates, In active and at times hectic trading. The day's gain reflected a reaction to the dollar's sharp decline In recent days as operators sought to cover short positions and take profits
        195 words
      • Article
        Treasury bill tender
        55 4 THE Monetary Authority of Singapore Invite* banks and discount houses to tender for the following Treasury bills: $20 million 91-day bills to be Issued between Aug 7 and Aug 11 (except Aug 9), and 910 million 182-day bills to be Issued on Aug 7. Each tender must
        55 words
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      Page 4 Advertisements Column 1
      139 4 in PAN Pa per back Pan r LE CAUE THE HONOURABLE SCHOOL t HIS LAX ESI #1 W ORLD BESTSELLER 'THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME i in 111 I 111. It t »i< >11. I- II" P\ (I I .<'in!• 'ii. H'iuukctn;. tenll.int' ,iii
      139 words
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  • TRANSPORT
    • Article
      Lock icon MORE SHIPS SHELVED
      81 5 Reuter. THE WORLD tonnage of laid up tankers, combination carrier* and bulk carriers continue* to riae and at endJuly totalled 471 ship* of 56.53 million long dwt against 469 of 53.49 million dwt at end-June, according to shipbrokers Howard Houlder. Tankers laid ud rose to 334 of
      Reuter.  -  81 words
    • Article, Illustration
      TANKER MARKET FUTURE IS STILL DARK
      736 5  -  By TERESA LIM AS LONG as the West remains dependent on Opec crude as it major source of energy, tanker employment will hinge on Opec's budgetary considerations. And if individual oilproducers do not feel bound by majority votes to keep prices stable but high,
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    • Article
      Thai Airways Hanoi tour
      155 5 THAI AIRWAYS. Thailand's domestic carrier, Is starting a five-day package tour to Hanoi at the end of this month. The first tour will be limited to 19 passengers and will depart Bangkok on Aug 30. Passengers will return to Bangkok on Sept 4 on Vietnam Airlines.
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    • Article
      Yard's office
      47 5 BRITISH Shipbuilders announced the appointment of Mr. C.L. Hudson as director of a new branch office to be opened in Hongkong. The office will be responsible for winning orders for the british shipbuilding industry in the Far East and Australia, as well as in Hongkong.
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    • Article, Illustration
      SHIPS IN PORT
      360 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Focsani, (1500 after Martha Bakke) 6/7 Hoegh Opal (1700 after Murrayeverett) 35/36 Hudson Maru (0800 44 Lexa Maersk (0700 after San Juan) 8/9 Radnotl (after Kota Benar) 15/16 Tadeusz Ocioszynskly (1500 after Straat Chatham) 1/2 Toyofujl Maru (2100 after Songkhla) 38/39 PASIR
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    • Article, Illustration
      EAC TO FLOAT FIVE WINNERS
      145 5 SHIPPERS will enjoy the benefit* of a modern fleet on the transpacific trade when EAC Lines operates new ships on the route in November. The Samoa, third in a series of five new multi-purpose vessels, is already In Singapore on its maiden voyage. The fourth,
      145 words
    • Article
      Sabena takes off into a cloudy 1979
      308 5 SABENA. the Belgian national airline, has suffered further serious losses. Provisional 1977 figures released showed Sabena "s deficit for last year totalled 2.2 billion Belgian franc (about SSIS4 million) and thus marks a return to the level of losses it had in 1975,
      308 words
    • Article
      Lock icon LONDON FREIGHT
      179 5 UPI. TRANSATLANTIC grain rates for large bulkers again moved up when the combined carrier Snestad secured U8J5.90 8113.57) (FIO) for a 72,000-tonne August 0 to 12 shipment from the US Gulf to Holland. This was 40 cents above previous fixing and represented an increase or $1 from the
      UPI.  -  179 words
    • Article
      Airbus Industrie accused of illicit deal with CAL
      357 5 A US congressman has accused Airbus Industrie, a consortium of European aircraft firms, of unfairly offering landing rights in Paris to help win the sale of four A-300 aircraft to Taiwan's China Airlines. Representative Mark Hannaford, said the offer of Paris flights
      357 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      729 5 ARRIVALS Servic Local Operator Number Time From MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH671 0945 PEN/KUL MAS MH607 0845 KUL CPA CX710 1005 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP MAS MH605 1045 KUL
      729 words
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      Page 5 Advertisements Column 1
      141 5 Don't let the language barrier stop you from wider \PI <<}) contacts I i, m* V "U W Ae a WV e \N rie to \0 VaO I I%^ lV* e o \e \0 r* \N \N c\ \\<^ v>\e o •♦•I J in YOU SIMPLY CANNOT FAIL WITH VISAPHONE.
      141 words
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  • Article
    If at first you don't succeed . . .
    504 6 If at first you don't succeed INTERNATIONAL meetings between senior government officials place a great deal of pressure on the delegates concerned. Some of this is constructive. But some of it results In unnecessary pessimism making too much of any failure to realise goals which, in the first place, may
    504 words
  • Article, Illustration
    Deadly cost of dying
    1935 6  -  By WANG LOOK KEAH IF YOU think the cost of living is high these days, try dying. Death may be the end for the deceased, but it definitely is not for the family. The living have to buy a "passport" for the deceased and this may
    1,935 words
  • Article, Illustration
    Their business is death
    446 6 SINGAPORE CASKET operate* like any other private company. "The only difference is that we deal with the deceased," said Mr Charles H.H. Eke, manager of the company. Singapore Casket is the only undertaker here which offers fully comprehensive funeral services from embalming right down parlour facilities.
    446 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      289 6 *2 m w mst u m i.. NKFII HenkellTrocken The sparkling wine from Germany. Another quality product from V? 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations. Sonny Bala
      289 words
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      Page 6 Advertisements Column 2
      42 6 The best place to wine and dine in the worlds fourth largest harbour -V". r* a ■w r *8 L t f I -J EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      42 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      126 6 THE southioest monsoon has entered a relatively dry phase, north of the Equator. Singapore is therefore likely to be affected by fair weather conditions during the next five to eight days followed by two to three days of showery weather before the return of dry conditions. The average rainfall for
      126 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      267 6 SINGAPORE 5 3.00 PM: Opening announcements followed by Big Bill: The Story Of A Heron 3.35 Diary Of Events (Chinese) 3.40 Eight Heroes Of Shou Lin with English subtitles (Repeat) 4.35 Intermission 6.00 Opening announcements followed by Lassie 6.30 News In Brief 6.35 Classic Keystone Comedy Capers 6.45 The Living
      267 words
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  • Article, Illustration
    Lock icon The Chinese way of death
    1649 7  -  •y VIVIENNE WEE THE CHINESE regard death as the permanent separation of soul (ttnghun) from body. Death Is regarded as Inevitable but not final, for It leads to another exlstance, smother life. After death, the llnghun or soul becomes gui (ghost). The Chinese have four
    Photos by Ronnie Pinsler  -  1,649 words
  • Article, Illustration
    STRAWS IN THE WIND
    417 7 THE fatties are rising up in revolt against the world wide "Slim is Beautiful" campaign. No, "Fat is Beautiful," they have proclaimed. The campaign leader is Japan's Fat People's League, formed by portly songwriter, 249pounder (113 kilo) Asei Kobayashi, and already boasting a membership of 500.
    417 words
  • Article
    Grief therapy, anyone?
    853 7  -  [FOBPMXiJ^I r ...0D consumerism > »y CAROLE KORZENIOWSKY Carole Korzeniawsky is a*** writer from .New York for the Financial Times of— i London. IN. 1963 Jessica Mltford published a best-seller called "The American Way of Death" which elucidated in startling detail the excesses and absurdities of the
    853 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      283 7 »*ur New Japanese Restaurant KIKU^I serving authentic Japanese food A lepfxin Yikki *Tempura Shashimi *Sukivaki *ShaixiShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214. Dunearn Road Singapore 11 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THL MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO
      283 words
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      Page 7 Advertisements Column 2
      64 7 ORCHID INN 214 Duncarn Road, Singapore II Tel: *****2 HOTbL PHOtNIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Td: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAKKLLS HOTLL 1-3 Beach Roud, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTbL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPLiRA FORUM HOTLL 585. Orchard
      64 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Prices higher in active trade
      336 8 Toronto SHARE PRICES closed higher In active trading on Tuesday. The composite Index was up more than 1-1/2 points with advances leading declines 244 tc 190. Indal at 14-1/4 and Stelco A at 26-3/4 both rose 3/8 on higher earnings. Canray Resources added IS cents
      336 words
    • Article
      GOLD SHARES FIRMER
      398 8 Johannesburg .GOLD SHARES closed firmer mostly at best levels on Tuesday reflecting the higher bullion price. Dealers said trading was moderate and sporadic at times, with trading both on local and overseas account. Gains ranged from a few cents In smaller priced Issues to 135 cents in
      398 words
    • Article
      Selected indices
      65 8 FINANCIAL TIMES INDUSTRIALS Tuesday 495.5 Monday 489.4 Week Ago 485.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 860.70 Monday 862.27 Week Ago 839 57 LONDON DOLLAR PREMIUM Tuesday 100V« to 100 3 4 Monday 99 to 99V« H.K. HANG SENG Wednesday 592.96 Tuesday 593.13 Week Ago unav SYDNEY INDUSTRIALS Wednesday
      65 words
    • Article
      Lack of interest at Amsterdam
      454 8 EUROPEAN MARKETS AMSTERDAM share prices closed mixed in continued quiet trading on Tuesday due to lack of interest. Hoogovens, Royal Dutch and Unilever lost 0.50, 0.60 and 0.80 guilders respectively, while Akzo and Philips closed unchanged in Dutch Internationals. Elsewhere, most banks and Investment funds
      454 words
    • Article
      Amsterdam
      225 8 AUG 01 Fls ABN 364 50 unch Ahold 108.00 ♦0.7 Akzo 31 40 unch AMFV 83 50 unch Am fas 106 00 unch Amrot Bank 76 30 +0.3 Berg oss 52.10 unch Berk 93.80 +■0 8 Bols 70 60 +0.6 Borsuml] 154.00 -1 Burhmann 7120 -0.5 Byenkorf 93.50 +0
      225 words
    • Article
      Frankfurt
      215 8 AUG 01 Dm Aef-Telefunken 78 60 -1.2 Akzo 28 70 -0.1 Allz Leben 670B AllzVers 474 -5 BASF 134.80 -0.9 Bay H T Wbank 287.iOB -0 5 Bay Vbank 326 -2 Bayer 138 -1.7 BBC 313.80 *0 8 BMW 230 50xb-37.5 Cassella 375 -5 Chem Verw 264 -2.5 Commerzbank
      215 words
    • Article
      Paris
      276 8 AUG 01 Frs CORBEILLE Alr-Llqulde 333 -2 B S N Gervals Danone 538 -4 CSF(ThomsonCsf) 288 50 -1.5 CI* Francals* desPetroles 143 •1.S Compagnle Flnanclere Compagnle Gene rale 387 -J Credit Foncter De France 384 +92.5 Hachette (Llbralrle) 235 *8 Machines Bull 40 40 -0.8 Mlchelln(B) 1330 -12 Parlbas
      276 words
    • Article
      Brussels
      93 8 AUG 01 Frs FORWARD MARKET Ac*c 345 I Arbed 2445 ♦45 Astur 680 +22 Brascan 463 1 Bru-Lamb 1555 15 Canpac 592 12 Cock 452 12 De Beers 212 ♦J Ebes 2295 5 Electrobel 6810 60 Ob-Inno-Bm 2310 unch OfV 1322 -4 Hobok 2355 30 Petro 3750 10 Ryl
      93 words
    • Article
      Milan
      102 8 AUG 01 Lire Ante 125.25 ♦0.25 Assoc On '***** 280 Bastogl 506 427 Central? 3798 #1 Flat 1823 30 Flnslder 148 50 4-7 Oen Immob 78 unch IF1 Prl 2288 4-17 Italcementl ***** 430 Italgas 885 50 415.5 Italslder 297 19 5 Magnet! M Pi 483 -2 Marelll Ere
      102 words
    • Article
      Zurich
      11 8 THE ZURICH market wa» closed on Tuesday for National Day.
      11 words
    • Article
      Lock icon Export-related issues hit by yen rise
      593 8 TOKYO Source: DBS-Daiwa EXPORT-RELATED Issues declined sharply yesterday because of the sharp appreciation of the yen. Large-capital Issues such as heavy-electrical, steel and shipbuilding issues also retreated. However, some chemical Issues and incentivebacked issues were selectively bought. The Nikkei Dow-Jones average closed the day
      Source: DBS-Daiwa  -  593 words
    • Article
      Hongkong
      362 8 HAVING broken out of Its consolidation phase, the market yesterday attracted fresh buying Interest from local and overseas Investors alike. HK Wharf was again the flagcarrier advancing to 29.30 at one point but as the market moved towards the 600 level, heavy profit-taking In utilities and blue chips stopped
      362 words
    • Article
      Sydney
      367 8 THE market was generally lower yesterday, with BHP losing 10 cents on profit-taking to A 57.78 while CSR eased five cents to $3.23, dealers said. Among banks, the CBC gained six cents to $1.82 and the CBA three cents'to $2.35, while In coals, Coal and Allied lost four cents
      367 words
    • Article
      Manila
      137 8 THE market closed mixed yesterday. with commercials and minings posting gains while oils declined, dealers said. Turnover rose to 27.63 million pesos from Tuesday's 23.13 million. Moderate advances in metal prices triggered buying in minings. AUG (2 Pesos Acoje Mining .013 unch Atlas Con A Alias Con B 23
      137 words
    • Article
      Bangkok
      185 8 AUGUST 1 Bahts Bangkok Bank S72 +4 Bank of Ayudhaya t Ltd 204 Thai Danu 392 Thai Farmers Bank 378 tl Thai Commercial Bank 700 Bangkok Metropolitan Bank Unq Industrial Finance Corp 2,155 +•0 General Finance 298 ♦2 Bangkok Investment 318 ♦8 First Trust 268 ♦4 Raja Finance Unq
      185 words
    • Article
      CHICAGO BOARD OPTIONS
      1615 8 August 1 CHICAGO Board Options Exchange volume eased to 139,412 contracts on Tuesday from 147,473 on Monday. OPTION8 OCT JAN APL STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am BethS
      1,615 words
    • Article
      Stocks end mixed
      1116 8 NEW YORK STOCKS rinlshed mixed In active trading on Tuesday after a late rally nearly erased earlier weakness. The market had advanced In the five previous sessions. Analysts called the weakness a normal correction after the recent gains. Additionally, the market ran up against record gold prices
      1,116 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      139 8 NOW in FONTAN Paperback I m K m I a T •r I "Power and poignancy descriptive brillance." CHICAGO TRIBU THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are no heirs fit
      139 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Arabian Seaoil Corp goes a-wooing
      474 9 NYT IN THE FIRST formal offer by Arab Interests for a refinery serving the American market, the Arabian Seaoil Corp has submitted a proposal to acquire a stake in the distressed Commonwealth Oil Refining Co (Corco). Corco's chief facility is a large refinery and petrochemical
      NYT  -  474 words
    • Article
      Lock icon ARCO
      33 9 Reuter. ATLANTIC Richfield Co (Arco) is being restructured into eight wholly-owned companies which are currently divisions of Arco and Anaconda Co. Arco said the restructuring will be effective early next year. Reuter.
      Reuter.  -  33 words
    • Article
      Lock icon Procter & Gamble unit
      76 9 Procter Gamble unit UPI. PROCTER and Gamble Sunhome announced that Its parent company, Procter and Gamble of Ohio, has recently bought all 500,000 shares held by its partner, C. and Itoh Trading Co. at US$l.3 million. The purchase makes Procter and Gamble Sunhome a wholly-owned subsidiary of Procter and Gamble,
      UPI.  -  76 words
    • Article
      Lock icon Drop in crude oil demand a blow to Texaco
      695 9 N.AMERICAN L Reuter TEXACO INC, citing a worldwide decline in crude oil demand and foreign currency translation losses, said Its second quarter profit declined by 33.4 per cent over the same period a year ago. The company, which ranks third among
      Reuter  -  695 words
    • Article
      Lock icon Scribners, Atheneum merge
      373 9 NYT TWO OF THE most distinguished independent publishing houses in the United States Charles Scribners Sons and Atheneum Publishers have announced plans to merge in about a month in order to continue operating independently and avoid any possible takeover by a conglomerate. Mr. Charles Scribner Jr and
      NYT  -  373 words
    • Article
      Lock icon Twentieth Century Fox profit triples
      173 9 Reuter. THE TWENTIETH Cen-tury-Fox Film Corporation •aid Us second quarter profit nearly tripled due to the continued strong performa nee by its film entertainment operations. The company said its Eroflt surged to a record '5515.5 million, or $1.95 a share, from $5.9 million, or 76
      Reuter.  -  173 words
    • Article
      Lock icon GENERAL SIGNAL TO BUY REMAINING STAKE
      95 9 Reuter. THE GENERAL Signal Corporation, a manufacturer of electrical and electronic products, announced plant to acquire the remaining share* of Leeds and Northrup Company for an exchange of stock. General Signal currently holds 1.3 million shares or 33.5 per cent, of Leeds and Northrup,
      Reuter.  -  95 words
    • Article
      Lock icon Low prices hit Kennecott and Phelps Dodge
      947 9 Reuter KENNECOTT Copper Corporation and Phelpa Dodge Corporation, the largest copper producers in the United States reported a decline in their second quarter operating profits, due primarily to a decline in copper prices. kennecott, the number one producer, reported an operating profit of
      Reuter  -  947 words
    • Article
      Lock icon Mail order group Schickedanz keeps up sales
      576 9 EUROPEAN FT FRANKFURT: Europe's largest mail order operation, the Schickedanz group, has maintained sales at a satisfactory level during the first half of the year. Although turnover is only slightly up on the opening six months of 1977, the management points out that
      FT  -  576 words
    • Article
      Lock icon VIABILITY IN DOUBT, SO ICI SUSPENDS PLANT
      121 9 AFP LONDON: Imperial Chemclal Industries (ICI), Britain's biggest Industrial group, has decided to shelve an £80 million petrochemical plant In north-east England because of uncertainty over the commercial viability of the project. A company spokesman said that the work, which was started a
      AFP  -  121 words
    • Article
      Lock icon Major Italian firms face loss trend
      243 9 FT ROME: A representative sample of more than 800 of Italy's top companies turned In collective losses of L 2.576 billion last year, according to the latest annual corporate analysis by Mediobanca. This equals one-third of their total original share capital. The results of
      FT  -  243 words
    • Article
      Lock icon Renault to build assembly plant near Lisbon
      192 9 AFP PARIS: Renault, the French state-owned motor company, is to build a new assembly plant In Portugal under Its Investment programme In that country, fresh details of which were made public on Monday. The new factory, Erobably at Setubal, near lsbon, is due
      AFP  -  192 words
    • Article
      Lock icon BOOTS REPORTS SALES RISE
      149 9 FT THE CHAIRMAN of Boots. Dr. 0.1. Hobday, said by the halfway stage, he hoped the group's cautious optimism would be seen to be Justified and the Increased dividend intentions seen to be fulfilled. Dr. Hobday said world sales for the first quarter had shown an
      FT  -  149 words
    • Article
      Lock icon WHEELOCK AUSTRALIA CONFIRMS LOSS
      240 9 r ASIAN Reuter SYDNEY: Wheelock Marden Investments (Australia) Ltd said its audit confirmed that the company made an A 5876,800 consolidated loss In the year ended March 31, as reported in a brief statement on July 13. The loss is after a $255,000 extraordinary loss and
      Reuter  -  240 words
    • Article
      Lock icon Woodside abandons Bassett well
      148 9 Reuter MELBOURNE: Woodslde Petroleum Ltd said It has plugged and abandoned the Bassett No. One A well In the Browse Basin, offshore Western Australia, after electric logs and sldewell cores showed no significant hydrocarbon indications. The drlllshlp "Regional Endeavour" has moved to the northern Carnarvon Basin
      Reuter  -  148 words
    • Article
      Lock icon Mitsubishi Metals and Atlas in copper deal
      212 9 Reuter MANILA: Atlas Consolidated Mining and Development Corp said its first half 1978 profit came to 10.5 million pesos (65.5 million). Operating revenue was 506 million pesos (426.5 million) and earnings per share 0.126 centavos (0.783). The company attributed the lower profit to
      Reuter  -  212 words
    • Article
      Lock icon Olivetti gets okay
      52 9 UPI TURIN, ITALY: The Olivetti Corporation has been granted a five-year loan totalling US$4O million by the European Society of Banks. Olivetti officials said the loan will help Olivetti expand foreign Investments. The European Society of Banks Is an international consortium composed of European, American and Arab
      UPI  -  52 words
    • Article
      Lock icon NIPPON AIRWAYS ISSUE
      81 9 r BONDS&LOANS AFP FRANKFURT: Nippon Airways Ltd (ANA) signed a contract providing for the floating of a 1,000 million deutsche mark convertible bond issue in Frankfurt. Deutsche Bank, which will manage the operation on behalf of an international banking consortium, said the interest rate would be 3.5
      AFP  -  81 words
    • Article
      Lock icon Geneco
      56 9 Reuter ROME: Geneco, a foreign subsidiary of the state steel holding company, Flnslder. has obtained a US$lO million, four-year loan from an International banking consortium, according to an announcement by the finance company which organised the loan, Ftneurop Confirmee SPA. The loan carries a margin over London Interbank offered
      Reuter  -  56 words
    • Article
      Lock icon FINSIDER
      63 9 Reuter. ROME: Flnslder SPA, the state steel holding company, said it signed a contract with an international banking consortium for a US$65 million five-year loan at a margin of 1* per cent above Llbor. Proceeds of the loan are to be used to finance group exports. The loan is
      Reuter.  -  63 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      279 9 'One of the most talented, descriptive writers to emerge in this country for years.' m jf h 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
      279 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1510 10 Bill and offer prices officially bated ml business In and reported to the Stcik Exchange of Stnaapore yaeterdajwitn the number ofrtmrea tradad ihitn in bracket* in lots of 1.400 unItilnltn otherwtae specified M\ Time Settlement Contracts are quAed after the word "aatt." flic Board deal (In lota of
      1,510 words
    • Article
      Government bonds
      107 10 250,000) (99.908 100.008) 4 3/4% 18/9/90 (250.000) (100.208 100.458) f.WJJ P IVII/I1 (250.000) (100.278 100.406) 8% T P 1/8/83 250,000) (100.358 100.408) 7*l/VBB 250.000) (100.758 100.908) ,JM 000) 7 1/4* 18/4/88 (250.000) (100.75B) [A'"""' 5 3/4% T P 11/7/87 (250,000) (102.008) 6 1/1* T P 14/VB7 250.000) (100.458
      107 words
  • Article
    SHARE INFORMATION SERVICE
    2508 10 1*78 High Low Company Last Sale +erur Dhr Dhr Crr uri YTd net P/E Vel (•666) Day High Lew SECHONONE INDUSTRIALS 230 233 IB 200 •3 276 268 210* 490 132 123* 112 133 195* 60S 162 173* 140* 256 Acma Alcom Allied Choc BAT Bata Ben
    2,508 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TRUVT INCOME BOND UNIT (Mui|n' prtea far Aag 1) (Cwraat pi risas) The Commerce a. IT 2.30 INCOME BOND 1.07 1.12 The Saving Fund 1.36 1.43 8 pore Prog Fund 8'goreSecurlty 1.0ft 1.11 MARA BUMIPUTRA FUND l.M 1.07*d (Maasgsrs pi fail First Bumlputra fee Aag 2)
    146 words
  • Article
    In Kuala Lumpur
    1614 10 810 and offer prices officially listed and business In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown In bracket* In lot* of 1.000 units unless otherwise specified. INDUSTRIALS Ami (1.188 l.MB). AJltltl—U <2.508). Alaani (2.MM) (1) 2.80 (1) 2.2
    1,614 words
  • Article, Illustration
    A slow but sure rise in the index
    935 10 THE Straits Times ladustrial ladex improved slowly but surely on its new level oa the Stock Ei« change of Singapore yea torIt rose 1.76 points to 362.77 while the volatile Bastasss Times index which monitors the 10 meet active stocks of the
    935 words
  • Article
    EAC(M) steals the limelight at KLSE
    541 10 NEWLY-LISTED East Asiatic Company (Malaysia) in the designated securities board stole the limelight in fairly erratic trading on the Kuala Lumpur stock market yesterday. Opening at 53.06. the share rose swiftly to a high of $3.28 and then eased t083.14 within half an hour.
    541 words
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  • COMPANY NEWS
    • Article, Illustration
      Hotel Royal chalks up profit after five years
      484 11  -  By LEE YOKE NGOH PARENT company Hotel Royal has at last managed to make a small profit of $8,561 for the year ended Dec 31, 1977. Since It started operations in September, 1972, it has been making losses despite the chairman's optimism
      484 words
    • Article
      AMDB CAPITAL UP US$2.3m
      154 11 THE managing director and chief executive of the ArabMalaysian Development Bank (AMDB) Hussain Najadi, has announced an increase of US$2.3 million (555.29 million) in the bank's issued capital. The increase, from US$4.3 million to US$7.3 million has been approved by the bank's Board of Directors and
      154 words
    • Article
      UOB shares
      52 11 UNITED Overseas Bank said that as at the end of the second quarter this year, 11.89 per cent of the ordinary shares to be Issued upon the full conversion of Its 6V4 per cent convertible bonds 1988 will be, In the directors' opinion, beneficially owned or controlled by
      52 words
    • Article
      Seacorp likely to reap a record income
      676 11  -  By ARTHUR NG SOUTH-EAST Asia Development Corporation will be able to turn In another record in earnings this year. This is the view of market observers who base their rationale on the prop the group will receive from its two unit trust companies.
      676 words
    • Article, Illustration
      Urgent land approval vital to Kramat Tin
      691 11  -  By LOW LEE CHOO UNLESS Kramat Tin Dredging can obtain timely approval of Its long outstanding application to convert 138 hectares of agricultural land In the Tapah Road area Into mining titles, It appears that its current year's tin output might be affected
      691 words
    • Article
      DIVIDENDS ANNOUNCED
      226 11 Current payment Ex Date Booki doM i Date Total for Total for payable the year previous year IHMM M. Flour Kuala lUaptr FAN Rhtrrtow Suyo lads. (M) S'pore GUu (1V74) Peel Malaysia L td Malacca M Cement Pan Electric S. Darby Uuec Loan 9ti Berjunta! L. Perak B.
      226 words
    • Article
      SCRIP ISSUES
      121 11 Company Particulars Ex Date Books Close t*«fi Malaysia Great Eastern Life M'sia Feed mills iin fins Synthetic Raains Fabar MarUa Bonus Issue of 1 tor 5 Bonus Issue of 1 for 2 Rlshte Issue of 1 for 4 ®»1 00 per share nights issue of 1 for 4
      121 words
    • Article
      Stake in Permas Java
      402 11 MULTI Purpose Holdings has bought the 20.90 per cent stake in the Johorebased estate and housing development company, Permas Jaya, whose sale was announced recently by Bovls South-east Asia. Multl Purpose Is to pay $5 ,605 mlilllon or $1,078 per share for the stake, resulting in
      402 words
    • LATEST RESULTS
      • Article
        ENTRACO LTD:
        44 11 Unaudited group pre-tax profit of $1.57 million ($1.58 million) on turnover of $51.18 million ($39.48 million) for the halfyear ended June 30, 1978. Parent company pre-tax profit for the period was $1.38 million ($1.59 million) on sales of $46.42 million ($38.83 million).
        44 words
    • Article
      Malaysia Borneo files petition to wind up MPC
      247 11 MALATBIA Borneo Finance, n subsidiary of Pacific Development Credit, kai filed a petition in the High Court to wind up Malayan Produce Company, one of the two vegetable oil firm* featured in last year'a multi-million dollar palm oil criaia. The petition will
      247 words
    • Article
      Changes in G. Lumber units
      70 11 GENERAL Lumber (Holdings) Berhad has announced the following changes In namssof Its subsidiaries: General Trading Corporation (M) Send Irian Berhad to General Lumber Trading Sendlrlan Berhad, General Timber Processing Company (M) Sendlrlan Berhad to General Lumber Processing Sendlrlan Berhad, General Sawmills (M) Sendlrlan Berhad to
      70 words
    • Article
      COMPANY MEETINGS
      54 11 Kinta Keliaa Tin Dnd|inf Company Ltd: AQM 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: EOOM to be held at 1st Floor, Wlsma Damansara, Jalan Semantan, Damansara Heights, Kuala Lumpur, at 3.00
      54 words
    • Article
      Kinta sees fall in tin output
      510 11  -  •y JIMI NGdH ALL virgin reserves at Kinta Kellas Tin Dredging ComEny are expected to be exulted by October this year and, as chairman Enclk Yahya Ismail points out, It Is unlikely that the production levels of recent years can be attained again. The
      510 words
    • Article
      Sime can't furnish further details
      439 11  -  •y TSANG SAU YIN SIME Darby Holdings in its reply to a query by the Kuala Lumpur Stock Exchange said all parties involved in the proposed loan facility preferred not to make any public statements until the terms have been finalised. Where details of the
      439 words
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  • Article
    Rising jobless rate main cause of trade barriers
    257 12 REASONS for the current strong trade protectionist feeling in the United States were given yesterday in Hongkong by prominent American economist Marshall Eoldman. Severe unemployment was the main factor and labour and business were very much concerned about ft. There was also
    257 words
  • Article
    Lock icon BIGGEST GRAFT CASE IN INDONESIA
    123 12 AP. INDONESIAN authorities said yesterday they will bring corruption charges against a housing developer whose alleged manipulations could have cost the government US$42 million (5596.6 million). It is the biggest case so far In one year of Investigations by the antl-corruptlon squad led by Admiral
    AP.  -  123 words
  • Article
    Lock icon Call to clip wings of German banks
    904 12 PERVASIVE INFLUENCE Reuter WEST German banks wield, considerable power in Germany's economy and steps should be taken to curb their influence, the government's Monopoly Commission said on Tuesday. Commission chairman Ernst-Joachim Mestmaecker said a study found that banks exerted their Influence through a
    Reuter  -  904 words
  • Article, Illustration
    Trial a first in insider trading
    437 12 BEN and Company's former chairman yesterday became the first man in Singapore to be convicted of insider trading. Gopal Chandra Kar Choudhury was sentenced to nine months Jail on nine charges under the Companies Act in a district court. He was Jailed nine months
    437 words
  • Article
    Accountant's queries
    345 12 THE SECOND day of lawyer Khoo Hln Hlong's trial in the District Court yesterday highlighted the queries of a public accountant over the accounts of International Holdings (IH), of which Cho Jock Kim was chairman. Also highlighted were the character evidences which two prosecution witnesses gave that described
    345 words
  • Article
    LONDON STOCKS
    760 12 LONDON, Wed Share prttes rose in active trading and at 3 pm the Financial Times index was up 1.7 point rff *97.2 after reaching a new lU7B high of 498.4 at noon. Dealers said Increased optimism over the prospects for the next phase of the government's pay policy
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    Lock icon Bank of Japan is in no hurry to intervene
    491 12 Reuter. NO CHANGE has taken place In the Bank of Japan's fundamental policy of Intervening on the foreign exchange market only to Iron out erratic exchange rate fluctuations. Bank officials questioned after foreign exchange dealers reported that the bank had stayed
    Reuter.  -  491 words
  • Article
    Lock icon Kohmoto calls again for $23b imports
    290 12 Reuter. JAPAN'S current account surplus has now reached a stage where It cannot be effectively reduced unless the government makes emergency Imports of more than USSIO billion (Ss23 billion), said Mr. Toshlo Kohmoto, Minister for International Trade and Industry. The minister was reiterating his
    Reuter.  -  290 words
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    Lock icon Australia has not adjusted to S-E Asian progress
    307 12 Reuter. MR LEE Kuan Yew uld in an interview published in Sydney yesterday that Australia'■ trade policies showed that it had net yet adjusted to economic and industrial advances in South-east Asia. Mr Lee said Australian trade barriers against some Aseaa goods
    Reuter.  -  307 words
  • Article
    OPEC OIL OUTPUT DOWN 9.1 pc
    139 12 CRUDE oil production of the Organisation of Petroleum Exporting Countries (Opec) fell 9.1 per cent to 27.78 million barrel* per day in the first five months of this year, compared with the same period last year. Saudi Arabian output fell 16.6 per cent, that
    139 words
  • Article
    Proposed TDC — it may be a statutory body
    457 12  - Proposed TDC it may be a statutory body •y WANG LOOK KEAH THE PROPOSED Trade Development Council could be a statutory body. The Trade Development Committee is now studying the financial and technical feasibility of setting up the council, which would handle the work of the present trade development section
    457 words
  • Article
    Rural centre in KL
    82 12 MALAYSIA and eight other countries attending the FAO regional conference In Kuala Lumpur have signed a formal agreement for the setting up of a Centre on Integrated Rural Development for Asia and the Pacific. The other eight are Bangladesh, India, Indonesia, Laos, Nepal, Pakistan, Vietnam and
    82 words
  • Article
    Lock icon Japan's export LCs for July up 17pc
    604 12 AFP, Reuter. THE VALUE of Japan's export letters of credit received last month rose 17.5 per cent from last July, presaging a continued swelling of her trade surpluses In future months when settlements fall due. The Finance Ministry said in Tokyo that export
    AFP,; Reuter.  -  604 words
  • Page 12 Advertisements
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      158 12 COLLEQTINQ Oriental Antoiej by Judith Moorhouse and Dries Blitz Hgl Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by
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    SHIPPING TIMES
    4408 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following lift tabulates, by port of destination the name of the ship, the shipping Une Involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums ScanDuteh baa a Joint service
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      311 13 Offers Regular monthly Express Conventional Sailing To ARABIAN-IRANIAN GULF for further detaMs c*ll Singapore: *****46 Kuala Lumpur: ***** Port Kelang *****0 Penang *****1 SHIPPING J EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE •ISO ACCEPTING CARGO FOR GENOA lATTAKIA. BEIRUT AUKANORIA BENGHAZI TRIPOLI <LIBTAI
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      327 13 LIAN SOON SHIPPING TRADING CO (PTE) LTD KM 101 109 SHfMTON MOUSE SMf MO" S PORf 1 Hi :?00«11 (5 UNfS> ??0 *****?«> "•m chew* •U.K. SEUMAT o*l**6 •M.V CHERRY MS US" •M.V SENG HONG •M.V. LUNA MARIN* •M.V GETAH KINABAIU' •M V CHERRY CHANTEK" M V CHERRY FI N"
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      351 13 LU'S BROTHER CO. S.A. REGULAR LINERS AND SEMI CONTAINERS SERVICES FROM SINGAPORE TO PERSIAN GULF YEAR Bum class o IOMMHG TO* yungfoniu LUKE LU 1976 NK 18 700 15/19 August OAMMAN/KUWAIT 1976 NK 18 704 20/23 S*pt DAMMAM/KUWAIT Nott Mc ut Use KCfptmj trwdNpmtHt c«nt»n«ri to. Otmnun K>* I dcrncki
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      12 13 ^$""`&'=_:':;*[!)(/@">,<,[)&;-. NOTICE ami n «j i Rilih HB 27K 8 m cb X!
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      798 14 FULLT CONTAINERISED TO EUROPE City of Edinbur|ti 8/8 10/1 TkMwt Mwu 14/1 15/# Oiakaßir 19/1 21/8 Imw 25 8 27/1 HwtftMf Eiprns 19 Kilinc Marv 3/9 EXPRESS CONVENTIONAL TO EUROPE S port P.Mi NwtlKu 5/1 6/1 Tlwnnfu IC/I Munstetljna Holstenstun 2/9 Bucliwtein Phi Bilbao ienu 7/1 m/I a/i 12/9 17/8
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      806 14 1 Z2 SANKYO LINEI AUSTRALIA SERVICE Kalan* SiHMMn Losdiftf tor. YUEMAN SAILED IN PORT OWN, WIS, SYD. MEL MAT SKY SAILED 111 POUT FREM MAYCARP 22/23 Aug 20/21 A«g MS. SYD, HEI KYOTEN MAW 11/19 Auk 20/21 Aug FREM. AOCL. «L. SYD YUE RIVER 27/21 Au( 29/30 Aug SYD, MEL
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      464 14 LAND p: U.S.A./ ASIA SERVICE NT KFMCEMTEO COHTMMI SOWCE SAILING EVERT WEDNESDAY FOR WIS M USA. CANADA. CARIBBiAN. lAMN. KOREA. TAIWAN. HONG ROM. THAIIANO MO PHILIPPINES VESSEL/VOYAGE Vessel C.F.S CLOSE lAJ Arrives/Departs 7.00 Mi WORLD TIGER V 6 A uc 10/u Aug 8 WORLD LION V 6 Aug 17/11 Auc
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      821 14 Everett Lines Burma Five Star Shipping Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON M PATAGONIA ARGENTINA 2G/27 Auf 21 29 Au| 30/31 Au( Transportacion Maritime Mexicana S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEXICO I CENTRAL AMERICA LOADING FOR ENSENAOA. MANZANILLO ACAPULCO ACAJUTLA. CORINTO SAN JOSE. PUNT A. ARENAS I COSTA
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      404 14 I K I )l I W I \H 1 Orient Overseas Ca*dci*ieA. Line I FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) 14/8 16/8 21/8 23/8 28/8 30 8 2/9 4/9 11/9 13/9 18/9 20 9 S SEAS BRIDGE 16E ORIENTAL RESEARCHER X CHEVALIER PAUL 12E NEPTUNE CORAL 81 NEPTUNE PEARL
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      1317 15 QCL Overseas Containers Limrted CWTUKBItf SQTIH TO OR/CONTINENT: Cm IT EIINOUOCN THAMES UN WU GAT MM VON MNUMt EintCSS KITMO MA til HOWLOON UT TWT« UT KUIKI CARIICAH UT H'torg S'pore P. K*lm( D'mark i An *<x 11 mi 14 An IS An 2 Sept )l *«f 21 >•! II
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      784 15 Ben Ocean Ajaat seme* afßan line Bk»Ramei Gfefi Lute and NSMD. FROM OK COITTIHCHT (Via Sau) Sails Europe Penanp P. Kelam Sinpapo'e lENCRUACHAN Sailed IT/11 Ir.dooena. MK. I* OENOEARC IT Sept 13/15 *ct Indonesia. MK. Japi SINGAPORE i ITMITS SMTPIM PTC. LTI. OWTI KUALA LUMPUt KM CMC STEAMERS *****/2K17. PORT
      784 words
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      933 15 BEN LINE cue Tippiri P. Kaloaf CITY Of CIIMMCH m tiuhis tun 14 t>s ni« OSAKA OAT Hum NWIOK [IHiSS ■ITAM MAOU lOWIOON BAT TBKTB UT lIMIKI I Scot 11 left 11 Seot io s**t a soo« It S(»t a seot Fraaca Ail UK. mm H Bun shaven rp*» mm
      933 words
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      915 15 < Scan Dutch V EXPRESS CONTAINER SERVI WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA VIA SUEZ Feeder fraa r. MiM( VrtMl (KAMI* S»M KUMII FRANCE SC4 11/ NIMH lUUHI 11/ I Ml. mill FUMEICt <1/ I TITAMA lUMIU 2/ lIMitM i i OO't U Use.lies a Rctam S Kbarf 4} Sfevf 4/i u/1
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      621 15 GUTHRIE BOUSTEADS THE BANK LINE LTD. IMB FOR E. K S AFRICA A VESSEL (Mauritius. Reamoi, Zmrtbar, Mombasa. Durban. E.L. PE Caoetoam) P. Kelanf 4/ I Stft Spore M Aq/1 S*ft FROM |«SI I Wtn OTKI FM HWdj IMU CLIVEOANK Penanf P Kelanf S'pore S/ 7 Aq SUSANNE SKOu Pt-tani
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      884 16 SBBH9 (VU S>Q) If CMtaaar Vasata TO bubobb S'oore P. Ketone L.Havre H'buff Bremen R'dam A'wero i An isa* 1 An 12 31 J Seft 3 Sapt 4Sapt IS* lAm II A« 7S* IS* lIS* 11Sapt lIS* HK C9MTAIHEK 11W lAH lAn Hk| 2» An 29 Ug *U» 15V MERCAIN
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      778 16 H JUMABMOV A SQNS PT{ LTD Singapore T«i 91 25*1 5 '<n«» AGENTS ÜBAIDULLA 4 CO SON HMD JBtt I R JUMA9MOV SONS Mi SDN BHD *****6 8 AFEA LINE Nh CMftrtace SEMI CONTAINER EXPRESS SERVICE S*fi IMpnfcat Iqilv Strvice DIRECT TO LACOSAPAPA 3/ 5 Sift MARSHA BUILT 1075 3/
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      595 16 NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: (VIA SK23* Spore P.Helmf Sim**" HW« Bran. I,'ONCRONC CONTAINER* lAn 7An 24 An 20 »n 20 An mercatoo 11 An uAn aAn 2Sa* 3Sa* oriental ciief it m it kn isa* osa* tos* SEVEN SEAS NIKE 24 1> 75 A« 11 Sift IS
      595 words
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      643 16 MAOAYSIAN IKT[HNAT>OHAL SWUNG COftPOfiATK* BCRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/OONTINENT/SCANDINAVIA WEST WW: Faatar K(I»»( Vassal S tt'i o Maailltt 9Uw 3) Hkari 4) Gbwrj EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| Mam P. Mm* Nm| Laatiai tar ISA UTI I* Nrt l/lta| 11/11 Aa| Bloni 27/B, Cardiff Lpool 2/9. Bmen
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      786 16 t INTRASEA (PTE) LTD .ifor-i vIF Of i'C F* ,K1 S i, i;i T »*lf»ph RECVLAR IMEPEMENT SEMI/FWI CONTAJNER SERVICE Tt HMK S port P. U irif Ptun LMM let ANIEPtI Mil (CMrtr. tk«) S An H'burj P'et., SWI/ M'Millet/S'tra (tin.) ATLANTIC AIBATMSS W»1« lAn JAn I llf I d**
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