The Business Times, 9 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 WEDNESDAY, AUGUST 9, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      US $ marked down
      47 1 US marked down LONDON, Tues. The US dollar today fell below two deutsche marks for the first time In five months. The dollar's longedecllne continued for most of the day although it did manage a slight recovery Just before the close of the European foreign exchange markets.
      47 words
    • Article
      Lock icon Troubled project
      73 1 AFP MANILA, Tues. The Philippine superFihosphate project for Asean may be dropped In avour of a pulp and paper mill. The English-language daily Bulletin Today said the project Is encountering birth pangs, an early setback being "the excess world supply of sulphuric acid" and "a considerable shortage of
      AFP  -  73 words
    • Article
      Lock icon HK branches
      71 1 UPI TOKYO, Tues. More Japanese trust and finance companies are planning to open branches in Hongkong to do business in the South-east Asian capital market. Yasuda Trust and Banking Corp, Mitsubishi Trust and Finance, Sumitomo Trust and Banking and Mitsui Trust and Banking said they want to do
      UPI  -  71 words
    • Article
      Sime exec
      56 1 SIME Darby Holdings announced in Kuala Lumpur yesterday the appointment of Tunku Dato Ahmad Bin Tunku Yahaya as the deputy chief executive in its Kuala Lumpur head office. He will assume office on Oct 1. Tunku Ahmad is currently managing director of Dunlop Malaysian Industries Bhd, a post
      56 words
    • Article
      Lock icon Tourist office
      71 1 AFP TAIPEH, Tues. Taiwan will set up a tourist office in Singapore to promote two-way tourism between the two countries as well as to attract tourists from the region to Taiwan. Taiwan will be the fourth country after Thailand, South Korea and the Philippines to set up a
      AFP  -  71 words
    • Article
      Lock icon Neighbourly exchange
      50 1 Reuter BANGKOK, Tues. Thailand and Vietnam have agreed to exchange trade attaches. A Thai Cabinet spokesman said the exchange will help promote the normalisation of bilateral trade between the two countries following the visit of a Thai trade delegation led by Deputy Commerce Minister Prok Amaranand, in June.
      Reuter  -  50 words
    • Article
      Lock icon Japanese coming
      52 1 Reuter TOKYO, A Japanese Industrial mission will visit members of Asean in October to study possibilities for expanding Japanese Investments in the region. Japanese government sources said the mission, comprising 20 leaders of big Japanese enterprises, will be sent by the International Trade and Industry Ministry (Mitl) on
      Reuter  -  52 words
    • Article
      Lock icon Dow Jones
      51 1 UPI NEW YORK, Tues. Stocks, hindered by profittaking pressures and the slumping dollar, headed lower early today. Trading was moderately active. The Dow Jones Industrial average was off 4.76 points to 880.28 around 1500 OMT. Declines led advances, 680 to 383, among the 1,542 issues crossing the tape.
      UPI  -  51 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Most active G E Life 1160 +60 Sime Darby 459.000 C*C 530 +20 Harimau 394,000 UIC 299 17 UOB 351,000 Kuala Sidim 240 +17 Cons Plant 337,000 l)MW 190 15 Inchcape 321,000 MTC 780 10 Total Turnover: 10.11 m Pet* ling 660 10 Total Value: S25
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    • Article, Illustration
      In Kuala Lumpur
      172 1 Rises Most active Matsushita Cand C 5.00 5.50 .24 .20 Consplant Haw Par 472,000 439,000 386.000 Inchcape 2.30 .15 S. Darby Fand N Merlin (S) OKent(M) CCM 6.30 2 84 2.53 5.05 .15 .14 .13 .13 Oentings 278.000 Total Turnover: 6.73 m Total Value: M$17.67 m NST
      172 words
  • Article
    Growth will top average in OECD
    458 1 THE outlook for the economy is fair for the next five years. In his review of the economy, the Prime Minister said Singapore can achieve 2 to 3 per cent more growth than the average for the OECD countries. This coming year, OECD countries
    458 words
  • Article, Illustration
    Leadership is the linchpin of Singapore
    514 1  -  PRIME MINISTER'S MESSAGE By QUEK PECK LIM SINGAPORE'S future hinges on the Government's ability to find men and women of talent to fill the ranks of the administration. This is the message that the Prime Minister put across to the nation on the eve
    514 words
  • Article
    GM gets set to tune into Singapore
    521 1  -  ■y JOHN LIM GENERAL Motors,'""TJhe ol the two largest vehicle manufacturers In the US, will be setting up a factory In Singapore to manufacture electronic components. A site in Ang Mo Klo has been leased, and GM will be building Its own factory
    521 words
  • Article
    Lock icon HSBC complies with US rules
    144 1 AFP THE Hongkong and Shanghai Banking Corporation which previously announced Its intention to acquire a major shareholding In Marine Midland Banks Inc, Buffalo, New York, Is arranging to dispose of Its Interest In the Hongkong Bank of California In order to comply with federal banking
    AFP  -  144 words
  • Article
    General Securities seeks listing on SES
    303 1 GENERAL Securities Investments Limited (GSI), a wholly-owned subsidiary of Development Bank of Singapore, is seeking a listing for its shares on the Stock Exchange of Singapore through a public offer of 25 million shares. The shares will be offered to the public at $1.00
    303 words
  • Article
    Taiwanese shoe makers gain local foothold
    417 1  -  »y FONG MEW LENG TAIWANESE shoe makers are fast gaining a foothold In the cheaper end of the Singapore shoe market. Since January this year, seven Taiwanese shoe manufacturers have set up operations to manufacture PVC and canvas shoes while retaining production of more
    417 words
  • Article
    Lock icon Top Asean trade partner
    144 1 AFP AUSTRALIA Philippines trade totalled Asl&3 million (***** million) in 1978-77 making the Philippines Australia's largest trading partner in Aaean. This was announced yesterday by Australian Deputy Prime Minister Doug Anthony who said Philippine exports to Australia during this period totalled $44 million while imports from
    AFP  -  144 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      28 1 whatever you need in menswear.getital... MOHAN'S DEPT. STORE (PTE.) LTD. 321. Orchard Road/M *****22 (naxl to Mandarin Hotel) ■ranch: 101, lfcnsMn Shopping Cantiv "M *****48 Daily 9am-9 pm
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    • Advertisement
      Page 1 Advertisements Column 2
      90 1 BIRKART FREIGHT NEWS GBN LINE providing two regular services from SINGAPORE to LAGOS/ APAPA GBN 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 KAY
      90 words
    • Advertisement
      Page 1 Advertisements Column 3
      88 1 Full text of tpeech and leader in paces 6 and 7. RALLY to Singapore Fair 1978 call 2 MONTREAL'* jumbo "runway" white elephant 5 PRIME Minister's Eve of National Day Message 1.7 FORUM on America 7 SHIPPING TIMES ISLAND and Pwiimiilsi Development's record n EXCHANGE queries Metal Box on deal
      88 words
    • Advertisement
      Page 1 Advertisements Column 4
      278 1 TA TA LITE ncrtl st Pppogressve ENTERPRBE PTE on 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
      278 words
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  • TRADE AND INDUSTRY
    • Article
      The best way to root out poverty
      702 2  -  ly TAN SIOK CHOO THE main thrust to redress poverty among Malaysian small farmers should be directed towards Improving productivity Instead of land redistribution. Encik A. H Sarji, director-general of the Malaysian Farmers' Organisation Authority (FOA) made the remark at the policy workshop
      702 words
    • Article, Illustration
      600,000 CANDLES BRIGHT
      143 2 THE PORT of Singapore Authority's new lighthouse at Bedok will begin operations today. The British-made lighthouse will replace the Fullerton Lighthouse on top of Fullerton Building, which will be obscured as a result of future construction of high-rise buildings on the reclaimed land fronting the waterfront. However,
      143 words
    • Article
      Lock icon Merger of palm oil associations
      540 2 Reuter THE MALAYSIAN Palm Oil Producers Association will merge with the Palm Growers' Council of Malaysia later this month. The members of Mpopa will be asked formally to approve the resolution to dissolve their association and transfer Its assets and liabilities to the council which
      Reuter  -  540 words
    • Article
      Draft of Malaysian forestry code ready
      392 2 A MALAYSIAN government committee has completed the draft of the National Forestry Code which, when enforced will streamline and standardise forest administration and management by the states. The code is seen as yet another attempt by the federal government to safeguard the endangered forestry
      392 words
    • Article
      Lock icon CLAMP ON BIG MILLS
      99 2 Reuter INDIA'S textile companies will not be permitted to Increase their cotton cloth weaving capacity any more. Industry Minister George Fernandes told Parliament yesterday of the new policy for the textile industry. He said all additional cloth will come from handlooms owned and operated by individuals
      Reuter  -  99 words
    • Article
      Five firms to invest M$6m in Perak
      176 2 .FIVE new manufacturing companies with a total proposed capital investment of MS6.I million have been approved by the Federal Industrial Development Authority for location in Perak. The five will give jobs to more than 300 people. Perak s Mentrl Besar Wan Mohamed bin
      176 words
    • Article
      Singapore Fair '78 needs your full support
      429 2  -  •y RONNIE LIM ALL "fair-minded" manufacturers of Singapore were called upon to rally and give their full support to the forthcoming "Singapore Fair 1978." Scheduled for October and organised by the Singapore Manufacturers' Association, the fair has not yet had the full backing
      429 words
    • Article
      Laying more pipes
      92 2 THE Telecommunication Authority of Singapore (Telecoms) will be laying multi-way underground pipelines for telephone cables from this weekend to meet increasing demand for telephones in the Central Telephone Exchange area. This project, forming part of the $2 million multi-way main pipeline project, is for the Central Exchange
      92 words
    • Article
      Quality work goes a long way
      216 2 SINGAPORE'S survival hinges on a dedicated and efficient workforce. The Minister in charge of the Industrial Training Board/ Adult Education Board. Dr. Ahmad Mattar, in his national day message to the boards' trainees, added that it is therefore the responsibility of the people to
      216 words
    • Article
      MEMO PAD
      529 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-14: Design of experiments, NPB office, NPB Aug 7-29: Marketing management, Holiday Inn, NPB Aug 10: Performance management, Hilton, Consulasla Aug 10 12: Group dynamics
      529 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      135 2 NOW in FONTAN Paperback iStfSD. THE SEKLOONGS ROBERT ELEGANT r I "Power and poignancy descriptive brillance." CHICAGO TRIBL 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 to suceed the Taipan
      135 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      635 2 TWO-IH-OBE CROSSWORD CRYPTIC PUZZLE 1 Richard's source of beer? (6) 7 I'm taking leave to say this (6.2) 8 Skirting with a lot of fuss (4) 10 Stiff as a post (6) 11 Attack in faster style (6) 14 Write with half a pencil (3) 16 He breaks an oar
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  • OVERSEAS
    • Article
      German federal loans lower than expected
      466 3 WEST German federal net borrowing this year will be down at 28.8 billion marks (SS32 5 billion) against the originally planned 30.8 billion marks due to Increased tax income, Finance Minister Hans Matthoefer said. He said that 74.7 per cent of this has already
      466 words
    • Article
      Decrease in Japanese bankruptcies
      71 3 JAPANESE bankruptcies in July fell to 1,291 cases from 1,325 cases in June and 1,413 case in July last year. The biggest bankruptcy in July was Usukl Iron Works Ltd. a medium-sized shipbuilder. with debts of 30 billion yen. Debts resulting from the bankruptcies in July
      71 words
    • Article, Illustration
      PEERING INTO THE FAR EAST
      148 3 THE overseas sales executive of i John Harvey and Sons, John Harvey, will visit the company's Singapore agents on Sept 19 22. Harveys, a Bristol firm, sells sherry to 130 countries and has almost a fifth of the world sherry market. The Far East is
      148 words
    • Article
      Lock icon Saskatchewan uranium boom
      274 3 AFP THE WESTERN Canadian Prairie province or Saskatchewan is on the verge of becoming one of the world's major uranium producers, after Australia, the United States, and South Africa. According to official estimates, northern Saskatchewan holds 15 per cent of the world's uranium. Last month, the provincial
      AFP  -  274 words
    • Article
      Lock icon UK car imports in high gear
      400 3 AFP Reuter IMPORTED cars Increased their share of the British market from 33.38 per cent In July 1977 to 45.23 per cent last month although Japan voluntarily restricted Its sales. Statistics released In London yesterday show British Imports totalled 28,579 cars, against 23,092. Japanese
      AFP; Reuter  -  400 words
    • Article
      Lock icon Gold holdings rise
      110 3 Reuter SOUTH African gold holdings rose 90 million rand to 1.5 billion rand in July, the Reserve Bank said. Gold reserves, valued at 153.73 rand an ounce, totalled 9.78 million ounces compared with 144.43 rand an ounce totalling 9.79 million ounces in June. The bank said in
      Reuter  -  110 words
    • WORLD IN BRIEF
      • Article
        NY AIRWAYS' $69m SUIT
        530 3 NEW YORK Airways Inc. has filed a US$3O million (Ss69 million) negligence suit against the manufacturer of a helicopter that overturned on landing atop the PanAm building In May 1977, killing five people. The suit stems from the May 16. 1977 rush-hour crash of a New
        530 words
    • Article
      Lock icon Australian economy set for recession
      923 3 Reuter THERE are growing Indications that current fiscal, monetary and wage policies are locking the Australian economy into longterm recession, the Melbourne University Institute of Applied Economic and Social Research said. Tough fiscal policies are not significantly reducing the budget deficit but by weakening the
      Reuter  -  923 words
    • Article
      Yields on US Treasury bills lower
      292 3 YIELDS on the US Treasury's three and sixmonth bills fell at Monday's regular weekly sale. The department said the average yield on threemonth bills dropped to 6.808 Cr cent fr0m6.895 per cent it week, and the yield on six-month bills dropped to 7.172 per
      292 words
    • Article
      Lock icon Peru agrees to IMF's loan terms
      655 3 NYT UPI THE International Monetary Fund (IMF) and Peru's central bank have finally reached an agreement on the terms of a stand-by credit arrangement after 16 months of negotiations. The subject Is so delicate that Peruvian financial officials have not yet officially announced the
      NYT; UPI  -  655 words
    • Article
      Lock icon New York City's fortunes change
      473 3 NYT AFTER nearly a decade of contraction and decline, the New York City economy turned upwards In the past year, showing some dramatic improvement In such sectors as the commercial rental market, an economist with the Federal Reserve Bank of New York reported on Monday.
      NYT  -  473 words
    • Article
      France's 1979 budget deficit
      148 3 PRELIMINARY work shows France's 1979 budget will be about 20 billion francs (Sslo billion) in deficit unless steps are taken to Increase government revenue, Budget Ministry sources said. This is about in line with the deficit expected this year, which has been revised upwards to 20
      148 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      453 3 3 months with Linguaphone and you'll be speaking fluent v L Linguaphone's proven by 4,000,000 successes in 36 languages More than 4.000.000 people from al walks of Me around the world have successfully acqured another language through Linguaphone Proof enough that you can just as easily master Mandarin as a
      453 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      466 4 THE Singapore rubber market yesterday closed higher with August One RSS buyers quoted at 229.25 cents per kilo, up 2.25 cents from Monday's close. The afternoon session gained further ground on reports of China acceptances from both local and upcountry sectors together with continued speculative buying,
      466 words
    • Article
      RAS PRICES
      393 4 Prices in cents per kilo yesterday: Noon Clow (per kilo) (per kilo) Buyers Sellers Buyers Sellers lni 1 H.ss prompt f o b. 227 50 228 50N 229 00 230.00N lilt 1 R S S August 228 00 228 50 229 25 229.50 Int. 1 R S S.
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    • Article
      SSR AND SMR
      108 4 NOON SSR and SMR prices yesterday: August 8#l HAS (Currrai t Mtk) (Forward Mth) Buyers Mlsrs Buysrs Scilars (eratspsrka) (aaal a I a SSR 20 (1-ton pallet) 207.50 208 SON 208 50 210 SON SSR 50 (1-ton pallet) 205 50 208 SON 208.50 208 SON MRELB Septembar
      108 words
    • Article
      Closing prices
      31 4 Rubber: Aug 9 Singapore: August 229.25 cants (up 2.25 cents) Malaysia: August 234.25 cents (up 1.50 cents) Tin: M 51.737 (down 94) Official offering: 305 tonnes (up 93 tonnes)
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    • Article
      Rice
      189 4 BANGKOK rice prices were quoted as follows yesterday: (In U8 dollars per tonne FOB busts Bangkok) While Rice: 100 pet Ist class 402. 100 ?:t 2nd class 387, 100 pet 3rd class 382. pet 377. 10 pet 352. 15 pet 347. 30 pet 342. 25 pet 327 35 pet
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    • Article
      Lead
      58 4 LEAD ended the morning down mostly £1.5 per tonne in London yesterday. The market drifted lower under fairly agresslve profit-taking and liquidation in the absence of follow-through to the recent physical demand. Three Months traded from £330 on the premarket down to £327.25 at the close of ring dealings.
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    • Article
      Zinc
      52 4 ZINC was down £2 for cash and £3 for Three Months giving ground under moderate liquidation prompted by the trend In lead and significant fresh demand, dealers said. Three Months traded at £330 on the pre-market but slipped to £328 before shortcovering steadied prices on the kerb. Sales were
      52 words
    • Article
      Produce exchange
      406 4 TRADING activity was minimal on the Singapore produce market yesterday. Pepper prices were holding as sellers waited for a possible Improvement In prices. However, Indonesian Lam pong is available now and this has dampened Sarawak prices. Small deals were done, reported a packer, but not In sufficiently big
      406 words
    • Article
      Hongkong Comex
      162 4 THE sugar market yesterday closed about 0.10 US cents higher In continued quiet trading, with 12 lots traded against four on Friday, dealers said. The Hongkong dally spot sugar price rose 0.10 to 0.95 cents, In line with Monday's New York September close of 7.03/04. The cotton market
      162 words
    • Article
      SPOT PRICES
      191 4 TARN and cotton In Hongkong dollar*, mot ex-god own: Cotton Tare: China Blue Phoenix 201 1,790: 32* 2,240; 40*2,340 (per bate of 400 Iba). Piooo Cnd«: China Butterfly and Olobe Brand unq, Dragon Head unq. Plvc Lambs unq. Flower and Butterfly unq. Plying Oeeae unq (per piece 36
      191 words
    • Article
      Cocoa
      445 4 TERMINAL cocoa in London yesterday scored first-call gains against New York of £8 to £5 per tonne, and continued to harden In open trading supported by chart, outsider and stoploss buying. Dealers said the advance received a further boost with the chart breakthrough at £1,800 basis near September, which
      445 words
    • Article
      Soybean
      175 4 CHICAGO soybean futures on Monday closed at or near the day's lows, falling 9* to 11 US cents a bushel. Brokers said aggressive commission-house liquidation spilled into soybeans from wheat futures. Despite scattered commercial scaledown buying, prices eased further near the close and touched off sell-stops, including US$6.l7, basis
      175 words
    • Article
      Wheat
      125 4 WHEAT futures plunged 91/2 to 11-1/2 U8 cents a bushel, setting new contract lows in three deferred Months, in Chicago on Monday. Traders said several bearish rumours circulated about the Soviet Union, including possible cancellations of previous US wheat sales and that the USDA may release a higher estimate
      125 words
    • Article
      Palm oil
      81 4 C.I.C. North European ports, In U8 dollar* par ton ui Haas otherwise LONDON: Muto) hulii Malaysia 5% ffa bulk per tonne October 536 sir 533 sir Sumatra 5% ffa bulk August 575 pd 570/575 pds September 500 Sir/556 pd 540/560 pds October 560 sir/545 pd 530/536 pds 535
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    • Article
      Straits tin
      267 4 THE BTRAITB tin price In Penang yesterday eased MS4 > to 11,737 per plcul. Extremely large supplies of tin metal from miners has caused the market to fall slightly despite the higher London Metal Exchange and some cheap Japanese and US demand at this current level, dealers said.
      267 words
    • Article
      Coffee
      303 4 TERMINAL coffee an London yesterday opened £18 to £7 per tonne down. Turnover totalled 225 lots. Dealers said the market drifted lower under dealer and local selling in a market which lacked any lead from physical. Monday's featureless New York market also tended to dampen sentiment. On Monday, Robusta
      303 words
    • Article
      Sugar
      224 4 SUGAR futures In London yesterday opened £1.40 to £1 per tonne down from Monday afternoon's closing levels in a turnover of 921.10 U. Dealers said losses reflected lack of followthrough buying on Monday night's kerb to the recent rise. This prompted some commission-house liquidation but, after early buying reserve
      224 words
    • Article
      Copper
      275 4 COPPER wlrebars in London yesterday finished the mornlnf up £1 for cash and £0.5 for Three Months. The market was quietly steady with the quietness of outside demand offset by market talk of a possible force majeure on Peruvian copper suppliers In view of the spreading miner's strikes, dealers
      275 words
    • Article
      Gold
      468 4 TRADINO In the Singapore kllobar market was fairly active yesterday. Opening price was 8615,114 but closing was lower at 615,057. Highest price recorded was 615,120 with the lowest at 615,067. In the London spot gold delivery market, trading was active with heavy buying and selling due mainly to profit-taking
      468 words
    • Article
      Silver
      212 4 THE Hongkong silver market yesterday closed HKSI higher at HK5263.00 per 10 ounces In continued quiet trading, with turnover estimated at 10,000 ounces, dealers said. The local close was equivalent to 5.0065 U8 cents per ounce, marginally higher than Monday s New York August close of 5.5400. Prices fluctuated
      212 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        529 4 DEALERS on the foreign exchange markets yesterday switched out of yen into German marks as feelings became widespread that the yen counter has been overtraded. The US dollar opened at 187.10/ 20 against the yen and was quietly traded to 186.70/80 before strengthening to 187.20/ 30 during London's
        529 words
      • Article
        Asian $ & CD rates
        184 4 Asian CD rates ASIAN currency deposit interbank rates as at close on Aug 8: t'8 Doll Offar an (Spat) Bx! 7 days 1 mth 2 mths 3 mth* 8 mths mths 12 mttu ..•l/> ..•1/4 ..•1/2 ..IS/4 7/8 ..•15/18 Sw.rn. (MIMk 7 15/18 8 1/8 3/1 as/» 3/4 ais/ia Dm.
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      • Article
        Discount
        48 4 RANOE of prices offend by discount house* on Aug Overnight 2% to 3M» Call deposits 3M« to 3*H date Bwytmt 3-month Treasury bills 3 3/8 3-month 6 Bank bills 3-month CO 61/4 6-month CD 5/16 SSIUM 31/4 9 7/1 1/1 6 13/16 Source: National Discount Co. Ltd.
        48 words
      • Article
        MLR
        21 4 THE average rat* at which Singapore banks are currently prepared to lend to their beet customers ia 7 per cent.
        21 words
      • Article
        Euro $ rates
        73 4 Euro rates LONDON Eurodollar deposit rates yesterday were little changed from Monday's closings In thin trading, dealers said. Eurodollar depowu opening quota* on Aug a Overnight 8. 7-H Wed Thur* S. 7-H ThurvTrl O-V 23- Call two dart 1-% lj/ie*" day and noUc l/w One mui l-V Two mtlu t-%,
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      • Article
        Treasury bill tender
        42 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for a total of 8$ 20 million Treasury bills to be Issued from Aug 14 to Aug 18. Each tender must not be for less than $250,000.
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      • Article
        London
        274 4 THE dollar yesterday remained weak in line with the trend In New York overnight and the Far East, and opened around 1.9977/87 marks against 2.0090/ 0100 at Monday's close. Dealers said turnover was moderate with no new factors in the market. The Swiss franc was also firm against the
        274 words
      • Article
        Tokyo
        251 4 THE US dollar for overnight delivery yesterday closed at 187.40 yen, down from a 187.80 opening and 189.10 at Monday's close. The Bank of Japan was believed to have re-entered the market on a small-scale Just before the close, buying a few million dollars at 187.30 and 187.35 yen,
        251 words
      • Article
        New York
        201 4 THE dollar finished weaker against major currencies on Monday, in a (airly quiet trading session. Dealers said the US unit was particularly weak against the mark as Interest switched out of the Swiss franc and yen Into the Oerman currency. < The mark closed at 49.90/95 cents, up
        201 words
      • Article
        Hongkong
        146 4 IN FAIRLY active and nervous late trading, the US dollar was steady yesterday around the two-mark level. The dollar was quoted at a late 2.0000/10 marks down from New York's 2.0020/40 close but little changed from Its opening 2.0000/30 here, and fell to 187.40/00 {en against 188.30/50 In the
        146 words
      • Article
        Zurich
        58 4 ZURICH exchanges opening quotes on Aug 7: U8 1 TOSS-7006 Stf MH6-M7 Can 1 S009-M23 D Mk 94 9903-43 01(7 O fl 79 3624-4442 r FT 30.0915-1278 B FT 9*07-3072 D Kr 3I 079S-108J N Kr 32.29*4-2*73 S Kr M.31M-S4M Lit 0.9094-MM Aua ach 11 791S-902S Port 9.74*9-7*18 Spain
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      • Article
        Australia/NZ
        47 4 AUSTRALIA and New Zealand exchanges on Aug AUSTRALIA: Stertlnc o.ioive ssJe Ninety-dmjr airmail burin* rau. Sterttny 0 8211 US dollar I.18Z7 Ninety-day forward buying SUrltnc 0 *030 US dollar 1.1536 NEW ZEALAND: 8t*rUng 0 M65/0 M3S US dollar 1.0MS/1 MM SMT 111 rat US dollar MOTS
        47 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      195 4 LEAD Antimony Pipes, bleeves, bheets, Ingots, Foils, Strips, etc. Associated Lead Manufacturer Contact: Abacus Engineering Tele*: RS ***** Abetrad Cable: "Abocustrad" Tel: *****33 c ov>^ an< \s«* e The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over
      195 words
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  • TRANSPORT
    • Article
      Lock icon Britain's letter of intention over Airbus purchase
      316 5 AFP AP BRITAIN is now discussing with France and West Germany the terms of possible order for a number of Airbus jetliners by British Airways. Sources said that in talks last week between ministers from the three countries, Britain had agreed to examine
      AFP; AP  -  316 words
    • Article
      JAA extends service to Kaohsiung
      96 5 JAPAN Asia Airways (JAA) plans to extend its service irom Talpeh to Kaohsiung in the second half of 1979, JAA sources here said. The company is presently busy in promotional efforts to attract Japanese visitors to the southern port city in Taiwan. At the same
      96 words
    • Article, Illustration
      LEADER'S MAIDEN VOYAGE
      227 5 SEA-LAND Leader, one of Sea-Land Service's four new D-6 class containerships, arrived in Singapore yesterday on its first voyage. The Leader is Sea-Land's first containership to be converted to the new D-6 class vessel programme announced last year. The ship was previously run as the Elizabeth Port.
      227 words
    • Article
      NADER RAPS WATCHDOG COUNCILS OVER AIR TICKET TAX
      234 5 US CONSUMER advocate Ralph Nader has urged the US government to take a public stand against proposed airline ticket tax legislation that he said would increase airline fares by US$3.3 billion (557.6 billion) over the next five vears. In letters to Mr.
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    • Article, Illustration
      SHIPS IN PORT
      249 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Avon Forest (0630) 46/47 Iver Stream (1100 after Stolt Seoul) 15/16 Kota Maha (0700) 13/14 Perlis (1930 20 West State Of West Bengal (2030 after Vlshva Kalyan) 18 Straat Nagasaki (1100 after Nedlloyd Van Dlemen) 3/4 TELOK AYER WHARVES Barge SCB69 B
      249 words
    • Article
      Lock icon Jumbo Montreal airport is a white elephant
      865 5 NYT EVER since Montreal's big Mirabel International Airport began operations in November 1975, it has been called a white elephant. Fewer passengers than expected, higher deficits, adverse publicity, a continuing lack of connections with the rest of the country and inadequate links with
      NYT  -  865 words
    • Article
      Airships may be built on Isle of Man
      384 5 AIRSHIPS capable of lifting heavy equipment may be built on the Isle of Man if talks between the island authorities and a private company are successful. Skyships, which registered in the island last month, is proposing to build saucer-shaped airships filled with
      384 words
    • Article
      Lock icon MORE CARGO HANDLED
      148 5 Reuter CARGO handled in Hongkong Port roee last year to 25.20 million tonnes from 22.97 million in 1976. Marine Department statistic* show containerised cargo, excluding fuel oil and petroleum products, represented 48.9 per cent of total cargo tonnage handled last year against 44.6 per cent the previous
      Reuter  -  148 words
    • Article
      Manila rejects freight rise reasons
      179 5 PHILIPPINE Trade Minister Troadlo Qulazon has rejected as unsatisfactory the AustraliaNew Zealand Eastern Shipping Conference's (ANZESC) reasons for proposed rate increases. Mr. Qulazon. also head of the Philippine Shippers Council (Shlppercon). said the ANZESC did not use uniform data and had not followed the usual
      179 words
    • Article
      Lock icon Airbuses pay off for Thai
      89 5 AFP THAILAND'S national flag carrier, Thai International, achieved a passenger load of over 60 per cent last June, a spokesman for the airline revealed. The spokesman noted that June was the 11th consecutive month during which the company achieved a passenger load of over 60
      AFP  -  89 words
    • Article
      Boycott not discussed
      65 5 THE AFL-CIO executive council has not yet discussed the proposal by President Thomas Gleason of the International Longshoremen's Association for a boycott on Soviet ships. AFL-CIO president George Meany told a press conference. Mr Meany said it is uncertain whether the proposal would be considered at yesterday's
      65 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      734 5 arrivals Service Local Operator Number Time From MAS MH601 0700 K.UL TMA TL374 0530 TPE MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP OIA GA980 1030 HLP THAI TO 423 1035
      734 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      158 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for you. local or onward reservations frDon't let the language barrier stop you from wider contacts 10! ffj 'm k r* v C Y* 5 y \e W nN i* \e** I iV* c a *o \e sN n
      158 words
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  • Article
    Those rocks must not founder
    534 6 THERE can be no gain saying the success of Singapore's economy in the past five years, nor any quibbling with the performance in the first half of the current calendar year. However, any sense of relief that we have weathered so well the sullen pattern
    534 words
  • Article
    Outlook more than fair for next five years...
    2753 6 PRIME MINISTER'S EVE OF NATIONAL DAY MESSAGE FOR THE first half of 1978, our GDP grew at an annual rate of 8 per cent. Five years after the oil crisis, we have made our adjustments and found a new balance. I believe,
    2,753 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      307 6 405/407 Havelock Road. S'pore 3. Tel: *****1 Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quality product from lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny Bala
      307 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 OUTLOOK for Singapore from 6 a.m. to 6 p.m. today: Isolated showers in late morning. Report for 24 hours prior to 7.30 p.m. on Aug 8 at the airport: Maximum Temperature 31.3° C Associated Humidity 67 Minimum Temperature 25.1° C Associated Humidity 89 Hours of Sunshine 8.90 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      320 6 TiViSSRWDTO SINGAPORE 5 9.40 AM Opening Anncts and Programme Summary 0 9.55 National Day Children's Special Living Together, Growing Together (All languages) 10.30 Holiday Matinee My Fair Lady, starring: Audrey Hepburn, Rex Harrison, Stanley Holloway, Jeremy Brett, Gladys Cooper 1.20 PM. Prime Minister's National Day Message (English repeat) 0 1.30
      320 words
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  • Article, Illustration
    STRAWS IN THE WIND
    362 7 I AM quite fond of animals and of course abhor cruelty to them, but I must say I've never really got worked up about pigeons before, pace Mrs. Annellese Zum Kolk of the West German Animal Protection Society, who has just declared war on 90,000 pigeon
    362 words
  • Article
    The golden days are clouding over
    833 7  -  FORUM J On America ■y STANLEY HOFFMANN Stanley Hoffmann ts a J New York Times guest com- mentator. THE contradictions and inconsistencies of the Carter administration's foreign policy are real. But could another president do much better? We Judge the success of our diplomacy
    833 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      354 7 BFVTr mlr' o-.v. serving authentic Japanese food 9 New Japanese Restaurant KIKU^I Teppan Yikki Ifmfxira Shashimi *Sukivaki KIKU JAPANESE RESTAURANT ORCHID INN Te! *****2 214 Dunearn Road. Singapore 11 It's the toast of the town. IMPERIAL BAR t ■t fk <yr What is it about the Imperial Bar that brings
      354 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      56 7 BriStoW: Frank DidcenS IS TMPCT m»SS T,u.£ OF Titnes TernPs is Ffegcv Pe^soNNeu OEX3Ofc_T To Noo "H4RT THE. os Tms I roORrAiKC? MRS u}f=MX£.D sT(TDON'T r vfeett-ve IT <-> -ft -tvie OF IT* "fvAe \&NQT r UN'Y a fuiCMT for I P«MD RfeTuftNeD 1 Neveg cpfne 6pck7 rgom vjjtk^a vj
      56 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Belgian prices end lower after strong gains
      535 8 EUROPEAN MARKETS BELGIAN share prices closed mostly lower on Monday in steady trading after the strong gains recorded last week. Bourse sources said Union Mlniere. Hoboken and Vieille Montagne rose but Soclete Generale. Bruxelles-Lambert. Cockerlll. Gevaert. UCB. Acec and Unerg fe}l. In foreign
      535 words
    • Article
      Brussels
      94 8 AUG 07 Frs FORWARD MARKET Ai'-r 383 -16 Art»<i 2515 15 A*tur 644 -6 Brascan 474 3 Bru-Uimh 1535 -15 Canpar 612 unch o»k 440 -22 1>- Heerv 210 3 Elws. 2285 -15 Elftrohel 6820 10 Cib-lnno-Bni 2310 -10 1368 -22 H»tx>k 2500 50 Pi-iro 3875 45 Ryl ItllU
      94 words
    • Article
      Amsterdam
      225 8 AlC «7 r is ABN 365 50 +0 5 107 80 -0 8 AMEV 83 60 -0 4 Anitas 108 50 1 77 00 *0 4 56 00 rk H»ls 99 00 7170 3.5 -0 2 Horsumij 155 00 unch Kiirhniann 70 70 unch Hvctik»r( 92 00 -0 8
      225 words
    • Article
      Frankfurt
      234 8 At'C 07 Dm Ael-TWefunken 76 80 unch Akz" 28 40 -0 1 Allz Leben 672 -13 AUz Vers 477 1 BASK 132 50 1.5 Bay H T Wbank 286 unch BayVbank 327 +2.5 Bayer 135 30 +0.3 BBC 309 -2 BMW 225 -25 Cassella 380B Chein Verw 258 20
      234 words
    • Article
      Zurich
      177 8 Al t; 97 Francs Actions Suisses 206 unch Alusulsse Br 1205 -15 A1 usuisM 1 Reg SIS -1 Brown Boverl Br CibaGeigyBr CibaGelgy PC 760 -15 Ciba Uelg) Reg 570 -7 Credit Suisse Br 2165 unch Credit Suisse Reg 409 -1 Elektrowatt Br 1880 2S George Fischer Br 660
      177 words
    • Article
      Milan
      104 8 AUG 07 Uw Ante 104 25 -5 75 Assoc Gen ***** -210 Bustojn 489 25 -4.75 Central® 3780 -50 fiat 1790 -16 Ftnslder 135 25 -2.75 Gen Immofo 74 unch IFIPri 2260 -S Ilalrefnentl ***** -340 Italgas 711 8 IUIsider ***** -9.75 Magnet! M Pf 479 -2 Marelll Err
      104 words
    • Article
      Paris
      292 8 AUG 97 Frs CORBEILLE Air-Liquide 328 10 -1.9 B S N Gervals Danone 530 -8 C 8 F I ThomsonCsl) 287 -7 Cie Francalse des Petrols 144 50 -2.5 Compagnle Financtere Compagnle Generale 386 2 5 Credit Fonrler De France 392 80 -0.2 Hachette (Llbrairie) 227 50 -4 5
      292 words
    • Article
      Stocks mixed
      1094 8 NEW YORK AFTER RISING slowly for most of the session, stocks retreated late in the day and ended mixed in active trading on Monday Analysts said the market was consolidating Its gains of the past two weeks, when it advanced in eight out of 10 sessions including a
      1,094 words
    • Article
      Lock icon Non-margin stocks selectively bought
      611 8 TOKYO Source: DBS-Daiwa LIGHT-ELECTRICAL, auto and pharmaceutical Issues were further sold yesterday, since most investors turned cautious However, non-margin stocks with a good business outlook or good news were selectively bought The Nikkei Dow-Jones average closed the day with a sharp loss of 45.74 yen. Turnover
      Source: DBS-Daiwa  -  611 words
    • Article
      Lock icon Hongkong
      324 8 Source: SHK Sec LOCAL and overseas Investors alike poured Into the market yesterday morning following Friday's break-out and record land auction. Prices closed on a mixed note in heavy trade. Hang Seng Index: 615.64+14.89 Turnover: HKS27I 85 million. AUG M HK* Amal Rubber 3.006 +0.1 Associated Hotels 3 45
      Source: SHK Sec  -  324 words
    • Article
      Sydney
      407 8 OVERSEAS buying supported the market yesterday, and rises outnumbered falls by the end of trading, dealers said. Prices caught up gains In Melbourne on Monday when the Sydney market was closed but numerous stocks passed prices reached in Melbourne. BHP rose 14 cents to a new an- nual high
      407 words
    • Article
      CHICAGO BOARD OPTIONS
      1708 8 August 7 CHICAGO Board Options Exchange volume was 159,108 contracts on Monday down from Friday's 184,117. OPTION JLY OCT JAN STOCK Alcoa 40 7 8 UNTRD 46 3/4 Alcoa 45 3 3/8 41/2 5 J/4 46 J/4 Alcoa 50 I 1/2 21/2 UNTRD 46 J/4 Am Tel
      1,708 words
    • Article
      Bangkok
      195 8 AUG 08 Baku Bangkok Bank 378 ♦4 Bangkok of Ayudhaya Lid 274 ♦2 Thai Danu unq Thai Farmers Bank 370 H Thai Commercial Bank 706 Bangkok Metropolitan Bank unq Industrial Finance Corp 2.495 40 General Finance 330 30 Bangkok Investment 340 16 First Trust 272 +8 Kaja Finance unq-i-Lee
      195 words
    • Article
      Manila
      101 8 AUG M Peso* Acoje Mining Oil -0 0005 A Uas CM) A Atlas Con B 21.30 unch Bugulo Gold .0105 -0 0005 Benguet Con B 32 00 -3 BF Goodrich CDCP 24 SO -0 35 Inco B Landoll Le panto B 2325 -0 0025 Marlnduque B 7.40 -0.2 Meralco
      101 words
    • Article
      Jo'burg
      395 8 GOLD shares on Monday were steady at the day's higher levels. though volumes were relatively low over the day. Gains in gold shares ranged up to 150 cents while marginal and speculative Issues attracted some interest, inducing rises of around 10 cents. Mining financials followed the producer trend. De
      395 words
    • Article
      Toronto
      9 8 THE TORONTO stock exchange was closed on Monday.
      9 words
    • Article
      Selected indices
      66 8 FINANCIAL TIMES INDUSTRIALS Monday 505.4 Friday 497.2 Week Ago 483.9 DOW JONES AVERAGE INDUSTRIALS Monday 885 05 Friday 888 43 Week Ago 831 60 LONDON DOLLAR PREMIUM Monday 106 to 106"i Friday to 105*4 H.K. HANG SENG Tuesday 615.64 Monday closed Week Ago 578 02 SYDNEY INDUSTRIALS Tuesday
      66 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      263 8 Born in Berkshire in 1920, Richard Adams studied history at Bradfield and Worcester College, Oxford. In the mid 1960s he completed his first novel, Watership Down which was awarded both the Carnegie medal and the Guardian award for children's fiction for 1972. In 1974 he retired and published his second
      263 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Polaroid poised for stronger growth
      713 9 STILL THE INSTITUTIONAL DARLING N.AMERICAN J NYT CAN a company whose shares once roared to a peak of 140 1/2 on expectations of explosive growth and then skidded to 14 1/8 when that growth did not materialise on schedule become an yinstitutional darling again? r
      NYT  -  713 words
    • Article
      Lock icon Bethlehem's rebound a pleasant surprise
      771 9 NYT "BACK IN January I saw it as 75 cents a share for the §econd quarter," Mr. J.P. I.i Ingersoll. a steel analyst for Bache Halsey Stuart Shields who has been following industry for many years, said as he went back u over his earnings
      NYT  -  771 words
    • Article
      Lock icon Boeing predicts higher sales
      185 9 Reuter BOEING CO said its second quarter earnings per share came to US$l.B2 ($1.33) on net profit of $77.5 million ($56.4 million). Sales were $1.38 billion (1.24 billion). For the six-month period, earnings per share came to $2.88 ($1.99) on net profit of $122.7 million ($84.6
      Reuter  -  185 words
    • Article
      Lock icon Texas goes ahead with bubble memory
      718 9 NYT FOLLOWINO months of speculation by the electronics and computer industries. Texas instruments Inc. has decided to proceed with the commercial development of its magnetic bubble computer memory, a technology that Is expected to alter a significant portion of the computer memory business. Bubble
      NYT  -  718 words
    • Article, Illustration
      EMI sets the trend in electronics
      912 9  -  r EUROPEAN h d By RONALD GRIBBEN WHETHER recording Caruso or the Beatles, or launching computerised Xway brain and body scanners, EMI has been at the frontiers of artistic and S technical achievement in the entertainment and elec- tronics fields since its birth V
      912 words
    • Article
      Lock icon Gold Star venture with US firm
      115 9 UPI SEOUL. South Korea: Gold Star Co, a leading electric and electronic manufacturer in South Korea, plans to set up a 50-50 Jointventure wafer fabrication plant with American Microsystems Inc. Business sources said the two partners have reached preliminary agreement to jointly invest US$lO
      UPI  -  115 words
    • Article
      Lock icon Toyota markets new cars
      70 9 Reuter TOKYO: Toyota Motor Sales Co Ltd said It has started marketing two new cars, the Tercel and Corsa, both' front-wheel drive and powered by a 1,452 c.c. engine, with exports starting next year. Initial production will be 7,000 Tercels and 5,000 Corsas a month, with
      Reuter  -  70 words
    • Article
      Lock icon Dai'ei-Marks & Spencer deal
      151 9 Dai'eiMarks Spencer deal Reuter UPI TOKYO: Japan's leading supermarket chain, Dal'el Inc said It will sign a contract later this year with Marks and Spencer Ltd to sell some or the British firm's goods In Japan. Dal'el said It reached basic agreement to sell clothes under the St. Michael brandname
      Reuter; UPI  -  151 words
    • Article
      Lock icon Columbia elects lawyer as new president
      970 9 NYT HERBERT Alien, president of Allen and Co, picked up the phone the other day and called a friend. Acting on behalf of the eight-man board of Columbia Pictures Industries, which, with family and associates, controls some 30 per cent of the company's stock,
      NYT  -  970 words
    • Article
      Lock icon VICKERS' TOKYO BRANCH
      69 9 ASIAN Reuter TOKYO: A spokesman for Vickers de Costa said the company received ajpproval from the Japanese Finance Ministry to upgrade its representative office here to branch status, effective immediately, making It the third brokerage company with a branch In Japan. The spokesman said the branch, like
      Reuter  -  69 words
    • Article
      Lock icon Sun Hung Kai after-tax higher
      107 9 Reuter HONGKONO: After-tax profit before extraordinaries at Sun Hung Kal Securities came to HK5141.70 million ($101.75 million) for the year ended June 30. Final dividend 20 cents (23), making total 42 37). The company announced one-for-flve rights issue of $2 nominal shares at $6 to
      Reuter  -  107 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      141 9 a division of PERKIN-ELMER helping people the world over succeed with computers Let us help you, write or call: PerWn-Elmer Data Systems (Far East) Private Limited 30th Floor. UIC Building, Shenton Way. Singapore 1. Tel *****49 r ..V Aladdin was a lucky chap; he only had to rub His magic
      141 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1604 10 BID end offer price* officially bated and buHneu in ind reported to the StJFk Exchange of Singapore yeeterdarhlth the number or rttare* traded shotm in bracket* in lot* of 1,000 units unless otherwise specified All Time Settlement Contract* are quoted after the word "eett." Big Board deal (In
      1,604 words
    • Article
      Government bonds
      129 10 4 1/2% 1/8/88 (250.000) (99.508 99 90S) 4 3/4% 18/9/86 (250.000) (100.208 100.258) 8% T F 1/8/83 250,000) (100.358 100.458) 7% 1/8/88 250.000) (100.758 100 908) 5 3/4% T F 11/4/81-84 (250.000) (102.558) 7 1/4% 18/4/86 250.000) (100.75B) 7 1/4% 18/18/86 250.000) (10Q.758) 7 1/4% 1/8/87 (250.000) (100.75B)
      129 words
  • Article
    SHARE INFORMATION SERVICE
    2548 10 1978 High Low Ltit Company ft-Ly +orQr'a Gr's Nat Dhr Div YTd P/E Vol C*TT CM »> H S' Low r 8ECTION ONE INDUSTRIALS -233 *233 *172 *219 r 260 83 •276 .•671 <10* 132 123* 112 133 195' 00 Vt 162 173' 140* 256 Acma Alcom
    2,548 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT TBUflT INCOME BOND UNIT IMwin' prta n Jar Aaf !•> (0«ITMt Pt fass) The Com mere* 2 25 2 39 INCOME BOND 1.07 1.12 The Saving Fund 1.42 1.51 S pore Prof Fund 1.10 1.11 MARA BUMIPUTBA FUND 8pore Security Fund 1.04 2 OAxd |Nui|n' prtoa
    150 words
  • Article
    In Kuala Lumpur
    1670 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. INBUBTBIALS Aama (t.SZB 2 408). Ajinamata (t.ttß). AIMM <2 S4B) <») 2.50
    1,670 words
  • Article, Illustration
    Shares stage late rally
    788 10 TRADING COOLED OFF on the Stock Exchange of Singapore yesterday as investors and punters withdrew a little to take stock of the situation after the hectic run-up on Monday. Share prices fell under profit-taking in the early Cof the day, but staged n rally to dose
    788 words
  • Article
    KLSE closes fairly steady
    690 10 PRICES staged a late afternoon rally to close on a fairly steady note on the Kuala Lumpur Stock market yesterday. The New Straits Times Industrial Ordinary Share Index rose 5.49 points to 424.51 for the third consecutive day, while the volatile Business Times index gained 24.06
    690 words
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  • COMPANY NEWS
    • Article, Illustration
      Higher returns lift I and P to record level
      807 11  -  ■y MANO SABNANI SHARPLY higher returns from its investments in plantation and mining companies have propelled Island and Peninsular Development to a record level of earnings for the year ended March 31, 1978. Group pre-tax profit rose to M 517.3 million,
      807 words
    • Article
      Unit-holders get more
      291 11 UNIT-HOLDERS of the Singapore Investment Funds will receive gross distribution of $6.30 per 100 units for the 12 months ended June 15, 1978, an increase of $1.10 or 21.5 per cent over the previous year's distribution of $5.20 per 100 units. This was announced by the Singapore
      291 words
    • Article
      DIVIDENDS ANNOUNCED
      274 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year FAN Riverview Sanyo Ind«. (M) S'pore Glass (1974) Pegi Malaysia Utd Malacca M Omrnl Pan Electric S. Darby Unsec Loan Stk M Tobacco Berjuntai L. Perak B. Kawat Island and Pen UOB
      274 words
    • Article
      SCRIP ISSUES
      123 11 (ompanv Particulars Ex Date Books Close Hf|i Malavsia Bonus Issue of 1 for 5 Jul 28 Aug 10 LimHot Rights Issue of 1 for 4 (4*1.00 per share Aug 1 Au( 14 (irnl Kaatern l.ife Bonus Issue of 1 for 2 NYA NYA M'*ia KeedmilU Rights Issue of
      123 words
    • Article
      COMPANY MEETINGS
      176 11 Kinla Kellas Tin Drtdfinf Company Ltd: AGM to be held at Straits Trading Building. 5th Floor. 4, Leboh Pasar Besar, Kuala Lumpur, at 10.00 a.m. on Auk 9. Malayan Cement Bhd: EOGM to be held at 1st Floor. Wlsma Damansara. Jalan Se man tan. Damansara Heights. Kuala Lumpur.
      176 words
    • LATEST RESULTS
      • Article
        SELANGOR Dredging Bhd:
        43 11 pre-tax profit M 519.86 million ($18.68 million) for year to March 31. Final dividend 15 per cent (same) less 40 per cent tax, making a total of 55 per cent (50 per cent). Books closed Sept 9 to 20 inclusive.
        43 words
    • Article
      Stake in OUT
      64 11 OVERSEAS Union Trust announced that at the end of the second quarter of this year, ownership of the issued share capital of the company by foreign persons constituted 0.35 per cent. Overseas Union Bank announced that at the end of the second quarter of 1971, ownership of
      64 words
    • Article, Illustration
      FRASER & NEAVE
      42 11 FRASER NEAVE IN yesterday's story of Fraaer and Neave, the years shown against the turnover and profit figures were Inadvertently transposed. The 1977 figures for both sales and profits should be for 1978 and vice versa. The correct chart is reproduced above.
      42 words
    • Article
      Exchange queries MBS on deal with F and N
      473 11  -  By DAVID CHOW THE Stock Exchange of Singapore wants Metal Box Singapore to explain why its shareholders were not given the option to participate through a rights issue, its proposed issue of shares to Fraser and Neave and Malayan Breweries Limited
      473 words
    • Article, Illustration
      A MONTH OF CONSOLIDATION
      1344 11  -  ■y TSANG SAU YIN JULY was an uneasy month on the Stock Exchange of Singapore. The elements of uncertainty Included the end-of-month deliveries and big board clearance which are traditionally settled during the first week of the month and during mid-month. Punters and Investors were kept
      1,344 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      80 11 A p in PAN Paperback LECASE THE v HONOURABLE SCHOOL: HIS LATEST t WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME I!, I I >. > •Jl-u'*' (H ,i I r 11 Mh I .r| I'l t'.i I v HI- !{•> I .KKi/i u It-
      80 words
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  • Article, Illustration
    Meany lashes out at Carter
    690 12 AMERICAN Federation of Laibour (AFL-CIO) president George Meany carried out labour's strongest assault yet on President Caller's anti-lnflatlon programme on Monday, bitterly accusing the Inflation monitoring agency of siding with business against the anions. Mi*. Meany said Barry BosTJrtorth, director of the Council on Wage
    690 words
  • Article
    Lock icon Inflation accelerates
    288 12 Reuter THE United States' pom* showing In the fight against inflation breaks 25 years of better-than-average performance compared with other major industrial countries aa a group, Morgan Guaranty Trust said in a survey. Until mid-1977 there was considerable parallelism in inflation among major industrial countries, with the US
    Reuter  -  288 words
  • Article
    Khoo shocked when arrested court told
    570 12 SENIOR District Judge, Mr. T.S. Slnnathuray, was told yesterday that lawyer Khoo Kin Hlong was deeply shocked when he was placed under arrest last January on a charge of abetting businessman Cho Jock Kim in the CBT of $248,495 and another charge of CBT
    570 words
  • Article
    Lock icon Keidanren urges increased spending
    556 12 Reuter AFP LEADERS of the Japan*.-? Federation of Economic Organisations (Keidanren) will shortly recommend to the government a four trillion yen (Ss4o billion) supplementary budget. A Keidanren spokesman said they will also urge reduction of long-term interest rates as necessary measures if the government Is to
    Reuter; AFP  -  556 words
  • Article
    LONDON STOCKS
    805 12 LONDON, Tues. Prices closed firm but below the day's highs, with both equities and government stocks marked down slightly following disappointing UK banking figures for midJuly. dealers said. Leading Industrials closed a penny or two higher on balance after the Initial rally faltered and at 3 p.m.. the
    805 words
  • Article, Illustration
    Air pact with Austria
    273 12 SINGAPORE Airlines has no Immediate plan to start services to Vienna under the new air services agreement signed yesterday between the Republic and Austria. Mr Tan Kwang Hung, director of Civil Aviation, who signed the agreement on behalf of the Government, said the Republic welcomes Austrian
    273 words
  • Article
    UK MINISTER'S TOUR
    76 12 BRITAIN'S Deputy Trade Minister Michael Meacher arrived In Manila yesterday for discussions with Philippine President Marcos on political and trade relations. The visit is part of a factfinding tour of Indonesia, the Philippines and Sri Lanka designed to encourage widening relations between these countries and Britain and
    76 words
  • Article
    Lock icon Duty-free customs allowance for tourists raised
    187 12 UPI A COMPROMISE Increasing the duty-free customs allowance for tourists to US$35O (SS800) for "foreign areas" and $700 for the Virgin Islands and Ouam has been reached by US Senate and House conferees. The Virgin Islands and Ouam are outside the US customs zone.
    UPI  -  187 words
  • Article
    Tapping China's market
    87 12 CHINA Is becoming a big potential market for natural rubber with consumption there growing 6 to 10 per cent a year. The Malaysian Minister of Primary Industries Paul Leong said China can be expected to buy more natural rubber from Malaysia In the years ahead as demand
    87 words
  • Article
    Lock icon Sugar production will fall forecast
    317 12 AP WORLD SUGAR production for the 1978-79 season has been forecast at 89 million tonnes compared with 91.4 million tonnes previously. Consumption for the 1978-79 period Is predicted at 89 million tonnes compared with 87.1 million tonnes. These projections were from World Sugar Publications, a
    AP  -  317 words
  • Article
    Top National Day award goes to A-G
    354 12 A TOTAL of 368 people are named in the National Day Award li«t Heading the list Is the Attorney-General, Mr Tan Boon Telk, who has been awarded the Distinguished Service Order. The DSO was also posthumously awarded to Mr Pang Tee Pow, the
    354 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      197 12 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more
      197 words
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  • Article
    SHIPPING TIMES
    3406 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 bf arrival and departure.from Singapore port, j t o—mHUhm SeaoDateh ha* a )*lat «rrVtae
    3,406 words
  • Article
    The Consortiums
    113 13 The major shipping consortium operating between the Far East/Europe and Straits ports/Australia, and tne member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. •K* Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container line ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container line. NedUoyd Lines. Neptune Orient Lines. JUMBO
    113 words
  • Article
    Who acts for whom...
    633 13 The leading shipping lines operating irom Singapore and the local agents who handle cargo bookings for thpm Adriatic Container— Continental Feeder* AFEA Line—Singapore shipPing Ahll Shipping Sharjah Algerian National i.in* (CNAN) Unlpaclllc Alpac Line Intrasea Anhsing Line StrongwUl Angkutan Pertambagan Zastern Wai Angkutan P. (Cont. Service)
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      202 13 MAERSK LINE Fortnightly Direct Express Service Europe/Straits For further details call Singapore: *****46 Kuala Lumpur ***** Port Kelang: *****0 Penan*: ***** 1 SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION) Agents C F SHARP bCO (M) PTE LTD Tel Singapore *****22 Port Kelang 03 *****4 Kuala I simpur *****0 Per-anq ***** IRAQI
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      196 13 g Seatrain Full Container Service to USA Princeton Mam V 130 Seitram y HQ* Il'l 31 '1 '8 ?823 8 Nippon. (a 29/8 Agent*: Optorg Shipping Singapore: *****44/*****82 K.Lumpur: *****3/*****3 Penang: *****/*****. lE* LU'S BROTHER CO. S.A. reguim liners and semi containers services FROM SINGAPORE TO PERSIAN GULF YEAR BUILT
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      378 13 I lAN SOON SHIPPING TRADING CO (PTE» UD SHft'c* nooSf s• o*> s cn»f n i "»f S .7014/0 .70 ISM .Vo4'."If I k :iq .***** "CMEMY MM" •H.V SELAMAT DATANG •m» "Chenr bagus *M.» KM HOW m.V "LIMA HMHH" •It V GETAH KINABALU *M CHEBBY CHANTEK M V CHEBBY
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      7 13 SEA J gLAND FASTER TRANSIT! ALL SERVICES!!
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      832 14 SHIPPING FULLY CONTAINERISED TO EUROPE City tt EAatarfti l/l 11/ l 31/1 Tfcaiws Ham 1«8 IV 8 2 9 OuUßty 19/8 21/8 10 < torn* 25/8 27/8 16/! HMfkmf Eiprtss 1/9 18/! Kittm Man 3/9 24/'. EXPRESS CONVENTIONAL TO EUROPE S pan P Man« Pm P*m Gtm Hntfitu KM uM
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      706 14 SANKYO LINEj AUSTRALIA SERVICE P. Ktlang Swgaport Lwbint tor MOTE* MAIU IC/19 A«f 21/21 tat STD. MEL. ADFI MAYCARP 25/26 Aug 27/2J Auf AOEL MEL. SVD PARADISE MOON 15/16 S«pt 17/11 Stpt ADCL, MEL. SVD TUERWER 25/27 Sept 23/24 Sap* MS, SVD. MEL. BANGLADESH SERVICE VUE RIVER 21/22 ta( U/20
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      432 14 amro/uepjns /.wri WORLD LION V 6 u| 17/u ut i$ WORLD TIGER V 7 Aug 24/25 Am 23 WORLD LION V 7 Aug 3i/se*i WORLD TIGER V 8 s<pt 7/1 s*t« DIRECT SERVICE TO MID-EAST DRY/ REEFER CONTAINER SERVICE TO DUBAI, BANDAF ABBAS, DAMMAN, MUSCAT, DOHA, TEHRAN, ESFAHAN ADVENTURER VOO2
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      891 14 Evwvtt r B urine Five Star Shipping Corpn "BURMESE NATIONAL LINE" LOADING FOR RANGOON GOIDEN KU U6 B.F.S.S.C. Agents in Malayva TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/***** |!H# Compania Argentina Of T Navegacion Intercontinental S. A. C. I. F. "ARGENTINE NATIONAL LINE" LOAOING FOR DURBAN CAPETOWN
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      540 14 I !< I )l I I \ll Orient Overseas Co*dcjMeA Line A FULLY CONTAINERISED SERVICE OMENTAL RESEARCHER 3E CHEVALIER MUM. 12E NEPTUNE COOL 8E NEPTUNE PEAM. 10E CHEVALIER ROZE 10E HKONC CON.MNER UE MERCATOR K OMENTAL CHIEF lOC EUROPE (VIA SUEZ) (STRAITS CARGO VIA FEEDER TO/FROM HONG KONG) n« —I
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      917 15 OCL Overseas Containers Limited soma re m/cmtmot: H'burg Vm P. itoiwc D'Mrk it". It ta| tl ta| J i«ft ihH it im v im ws«*t usMt am n am iis«t iisi* 1 Kft II Sift It S*»t 1 S«»t 24 S«|t Sift 11 Sett 11S«ft Oct (Oct MtHt »Swt 11
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      981 15 Ben Ocean Ajortaßrao»</fl6nZ<naflh»JtoßfGfe!il«»andNSMD T* H/CNTIMIf MR Ml PROTESILAUS IS/19 Aaf 11/11 Art Staft lenoes. Oilbaa. Hull. BEHMNOP 17/ M Sept M/SI Sept If HI lenoeS. BiAao. n/j« et» 11 Hav Leiaaes. Bilbao MM ■IWEIM 11/14 Bee 11 Im Leiaoes, Bilbao. Hull mil K'CMnmr era urn Sails lu'ooe Penanf P Kalaaf
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      893 15 BEN LINE CITT *f (lIMViU If tort 11 km i IhH 1 toft 4XK IhH tmwi Min 14 I< nm: ttoft «ut« ssaft an* iw jt iih( tt hii iifan nim ntmiiito*i •tm i akm a uto*t i(to«t iftoti as* K iimii lIM I iltMl niiit a Sfft to Sfft
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      1008 15 Scan Dutch *9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA Ffe«ai tnm f. U«| Wwl FRANCISCA 11/ I DIMM lUMNI FRANCISCA EKUIMI (inmi •mini m 1) hrtiM 11/ 1(1 MJIIU a/1 tbtaha U B KOiII(AM 11/ NIB NOUTMAN I'lot L Mst 2 Ha X Hkurf 4 Sr|
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      646 15 GUTHRIE BOUSTEAD Igencifs THE BANK T_INE LTD. LOAN WLIJ AFtICA MM CEOtCE (Mauritius. Reunion. Durban, E.L., PE. P Ktlanf 4/ 1 sept S port M ta| Salt nM tut i mii mu rn SIISANNE MM Penant USSIEBAM Pf.urJ P Kelant 11/11 P. Kelanf Spar* 17/71 Aat S pore a/a Aaf
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      1006 16 I. K line KAWASAKI RISEN KAI'SHA. 1 TP. to nmon S'pore P. Kelang I Havre H'bwc Bremen R'dam A'wero MERCAIOR 7W 11 An 12 tac 11 *n 3S«ft 4 Stpt (Soft ORIENTAL CHIEF IIW II An 19 An 7 Sept f Sept II Sept 11 Soft 1J Sep* SEVENSEAS MH6f
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      963 16 E. C. -U.S. A. ATLANTIC/GNLF SERVICE ACCEPTING FOACL COWAHQS FVM STOK. P. lELANC. POMR LM«( tar: tHFIU Ht« TNI. OALTIMORE. MM —HUH. HKTM P Itittf Mtana ta| •'A VESSEL" E. C. I GREAT LAKES SERVICE lM«* tar MtfiU. NEW TMK, IMTHU. IMIII MHI, tWWT, CM CM* Ptaaaf Belawaa P. Kttaaf
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      1157 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: t» mm en* smzt Spore P.Kiim( Slumploa Mbrt R '<H« MEICATMt 11 tec 17 *n IS* 3 Stpt 4Stpl MiENTAI CNIEf HM IS Aa| S Sept SsMt IB Stpt 11 Stpt SEVER SEAS MIBCE »n Aa( 11 Stpt IS Sap* II Sept 17
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      534 16 ÜBUUi MALAYSIA* INTtnNATtONAI SHIPPING CORPORATION tfPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FRO* MED/UK/CONTINENT/SCANOINAVIA fetter ni t'pm EAST accapfaaf awWW car(* U EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| P Ke'aaf Penaaf litAtf tar; IUNCA Mil M/ll lit 14/11 Aaf Blow 27/1, Cardrff/Lpool 2/B. Bmen l; 1. Hburf 11/9 Ro»m 15/9. Awerp 11/9.
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      721 16 t INTRASEA (PTE) LTD F Hous«- '.4f fC -1(1 S" ,i;i KCaUI INKPENIENT SHH/FDU CONTAINER SERVICE Tl EIROPE S'pore P. Hfl»| Rruf imtmt far: 'ANDERSO Mil (Caatr. tk la Part Ht«rf/R «*m. Starr' HTmlHs/S'tca <U lT) ATLANTIC AIRATMSS Hit la tart Sailed SIIM P H bur, A mm. MUSI* Mil
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