The Business Times, 11 August 1978

Microfilm: NL9799
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, AUGUST 11, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon New Indonesian envoy
      65 1 Reuter i VICE AIR Marshall Soedjatmlko, director of the Batam Island Industrial project, Is likely to be the new Indonesian Ambassador to Singapore. The former Ambassador, Lieutenant-General Her Tasnlng, died in an air crash in Ball in June. Other appointments are: Lieu tenant-General Hasnan Hablb as Ambassador
      Reuter  -  65 words
    • Article
      Dollar firms
      64 1 LONDON, Thurs. The US dollar firmed slightly in early European trading today as a nervous market kept one eye on soaring bullion prices and the other on Asian's strongest currency, the Japanese yen. Gold prices opened In London at U*****.85 an ounce and $205,025 In Zurich. In Tokyo,
      64 words
    • Article
      Lock icon Taken over
      52 1 AFP PARIS, Thurs.- The French Peugeot-Cltroen motor group has taken over the Western European subsidiaries of the American Chrysler Corporation in France, Britain and Spain. A Joint statement today by the two groups said Chrysler would hold a 15 per cent stake In the new capital of PSA
      AFP  -  52 words
    • Article
      Lock icon Dredging for tin
      60 1 AFP BANGKOK, Thurs. The state-run Offshore Mining Organisation will soon invite bids from private companies to dredge for tin in the Gulf of Siam, the Bangkok Post dally reported today. the corporation's director, Plrlyadls Diskulk, the paper said winners would be awarded three-year concessions to dredge for
      AFP  -  60 words
    • Article
      Lock icon Plywood meeting
      65 1 AFP Iu MPUR, Thurs. Indonesian and Philippine plywood manufacturers are expected the s^ h meetln °t the National Plywood Association of Korea, Malaysia and Singapore to be held In Pusan, South Korea on Aug. 18. A statement said the aim of the meeting Is to reach agreement on
      AFP  -  65 words
    • Article
      Lock icon Kohmoto's itinerary
      68 1 Reuter Jaws International Trade < y Minister, Toshlo Kohmoto will visit Thailand and the Philippines early next month for talks on bilateral trade and economic co £P er ation, officials said here today not t** ll finalised. The visit ?i Kohm oto's trips last May to Malaysia, Singapore
      Reuter  -  68 words
    • Article
      Lock icon Financing facility
      58 1 Reuter WASHINGTON, Thurs. A House-Senate conference committee reached virtual agreement on special U US410 1 hSnnn p ,t rtlcl P atlon ln the IMF's financing facility (about dropped amendments to the bill dealing with human rights, terrorism and a. budget and had a tentative agreement to modify an
      Reuter  -  58 words
    • Article
      Lock icon Dow Jones
      17 1 UPI Un? p?om:SS| "were k li£!j!? ued y P®""2S~££g« n b ~*pSSS- tK&Sto "ts' SKI
      UPI  -  17 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      133 1 Rises Most active MTC 825 +45 UOL 1,079,000 OCBC 965 +35 Sime Darby 763,000 Spore Glas* 522 000 Troooh Mine* 685 +25 Public Bank 288 +23 LOB 482 000 Tractor* 505 17 Harimau 437,000 Hum* M CoM Storage Spore Glata 220 264 176 16 15 15 Total
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    • Article, Illustration
      In Kuala Lumpur
      173 1 Rises Most active Malayan Toshiba 13.00 5.00 +80 +84 +50 +40 +15 8. Darby Nol Har Par UMN D K era mat M Tobacco 12.50 8 65 371,000 337 Spore Glass 1.75 UOB M.NI Tasek East Asiatic P staling 3.58 3.40 7.25 +10 10 +10 P Bank
      173 words
  • Article
    Another cement hike building up
    611 1  -  D-DAY AFTER SEPTEMBER ■y RONNIE LIM BUILDING contractors In Singapore face the gloomy prospect of another cement price increase after September when the manufacturers expect an upward price revision of clinker (the raw material used In cement production) by their overseas suppliers. Mr. George Teo
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  • Article
    Big scramble for the NOL loan action NOL may play safe
    569 1 BANKERS In Singapore are scrambling to finance Neptune Orient Lines' US$lOO million (SS23O million) purchase of four containerships. Proposals submitted to NOL carry spreads as low as point above the minimum lending rate and H point above the Singapore
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  • Article, Illustration
    Commerce top borrower in the first half
    255 1  -  •y SOH TIANG KENG GENERAL commerce the largest taker of funds Increased its share of total bank loans in Singapore during the first half of this year because of the healthy growth of retail and wholesale trade, restaurant business and tourism. From January
    255 words
  • Article
    Lock icon U.S. POOD PRICES DOWN
    146 1 AP WHOLESALE food prices In the United States decreased In July for the first time in 10 months, the government announced yesterday. But while food prices declined by 0.3 per cent from June, prices of other products continued to rise. Overall, wholesale prices rose by 0.5
    AP  -  146 words
  • Article
    Charging bulls push volume to five-year high
    310 1 BULLS chargod headlong into the market right from Iks op—tag Ml yoot«dny aad volume ranched asw psak since 19T1 with 1U million uaits ekaaglag hub. With the strong unsurge on the Kuala Lumpur Stock Exchange on Singnporo's National Day, snocJatms aad laveetors alike
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  • Article
    Bigger stake for workers will go a long way
    454 1 SINGAPORE employers should motivate their workers by giving them a bigger stake In the companies they wort In, instead of poaching labour from one another by offering higher wages*" thus encouraging Job-hopping. Hajl Sha'arl Tad in, MP for Bedok, said that
    454 words
  • Article
    Japan imports more
    93 1 JAPANESE Import contracts teat month roae 10 per cent from a year ago to UBt6.fi billion (B*ls billion). A Ministry of International Trade and Industry official said the gain, second highest in 14 months after 15.1 per cent in June, resulted from greater imports of industrial products
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      36 1 ODESSfI OCEAN LINE K>* PAST EFFICIENT SHIPPING Call the agent: Singapore Soviet Shipping Co Pte Ltd s»h Floor. For Eastern Bonk Building 156 Cecil St., Singapore I Cobles "SOSJACLINE" Tele* RS ***** Tel: *****33 (7 lines)
      36 words
    • Advertisement
      Page 1 Advertisements Column 2
      94 1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern of cutting holes and slots. Platinum-coated to give you a smoother
      94 words
    • Advertisement
      Page 1 Advertisements Column 3
      62 1 mm BUYERS home in on condominium apartment* PEOPLE in bwtaMM 2 COSCO may anil to tka "whim" of local shippers... f JAPANESE firm Ohbayaahi Garni bailda ap i name SHIPPING TIMES A LOOK at Indonesia'a BLUGGIB draf latn DAT Sm Com ihai WHAT a Mid ha far the MEMOPAD 2,
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    • Advertisement
      Page 1 Advertisements Column 4
      161 1 lye ret t lines Leader Pag* 6 Dry Plain Paper Copier IS BIG SAVINGS So versatile and economical, KIP is definitely an unmistakable advantage to your business. FEATURES: Exclusive CdS system that has a repeating ability for more than 50,000 copies. This system gives so true and sharp an impression
      161 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Home-seekers like condominium life
      720 2  -  SMALLER ESTATES POPULAR ■y TEO TECK WENG HOME seekers have fallen for condominiums, It seems, and apartments m the smaller condominium ftfatea are selling particularly well. The United Overseas Land (UOL) group, which is marketing four of its condominium developments, is receiving good response. Ollstead Court,
      720 words
    • Article
      Lock icon Peking keen on British participation
      345 2 Reuter BRITISH Trade Minister Edmund Dell said Pairing has shown specific interest in British Industrial participation In several areas of China's economic development programme. At a news conference on the third day of his oneweek visit to China, Mr. Dell said the prospects for British
      Reuter  -  345 words
    • Article, Illustration
      Lock icon Spur agriculture, Hua to nation
      489 2 UPI CHINESE Communist Party Chairman Hua KuoFeng said that agriculture Is "the foundation of the national economy" and ordered officials and peasants to push China's agriculture economy forward as fast as possible. The marching orders came at a national conference on agriculture In Peking last
      UPI  -  489 words
    • Article
      LATEST MEDIA DIRECTORY OUT SOON
      114 2 THE 1978/79 Media Directory will be on sale soon at $10 a copy. This is the seventh issue for Singapore, Malaysia Brunei and Is published by the Associations of Accredited Advertising Agents of Singapore ana Malaysia. It brings up to date advertising rates as well
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    • Article
      'Japan of the 80s'
      71 2 .SOUTH Korea is viewed from the West as the •Japan of the eighties", the influential Metal Bulletin commented in London. Noting that this country had taken over "the breaking of records from Japan", It pointed out that its progress In the past decade had been "truly
      71 words
    • Article
      Massive cranes for Changi airport work
      165 2 EKMAN tad Co.. tki Siafaim ■•■bar of Kkata ißUraatltaal Marketiag groap, ku nU two umlti 9MS-Beriea UM« Tower erun, worth tkoat 82 aaiffiie to TmrntmiHtu 1 wTakoaaka Koaataa, wkick waa awarded tka ooatract to kaild a aialtiaiilhna dollar paaawjaf tarminal bodidiag at tke saw
      165 words
    • Article
      Lock icon Japan faces US uranium ban
      254 2 UPI THE United Btates has threatened to ban enriched uranium exports to Japan If Tokyo buys the energy from other countries for use at power stations constructed with American technology and equipment, industry sources said yesterday. The move could deal a serious blow to Japanese
      UPI  -  254 words
    • Article
      Dissenting palm oil millers
      266 2 ONLY 10 palm oil mills out of 130 in Malaysia have yet to apply for their licences under the Environment Quality (Prescribed Premises) (Crude Palm Oil) Regulations 1077. According to Mr A. Maheswaran, the director of Water Pollution Control, Environment Division, seven of them are In
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    • Article, Illustration
      PEOPLE IN BUSINESS
      279 2 MR. WANG Y*w Hsloag, manager of the Industrial and Commercial Bank, will attend a three-week, bankers' course at the Pacific Coast Banking School in Seattle, US. The aim of the course, starting on Aug. 16, Is to enable participants to upgrade their banking and management skills. In
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    • Article
      Investment survey
      617 2 MO6T industries in Penlnaular Malaysia have no plans to Increase their capital investment for the period May to August, according to an Industrial trend survey conducted by the Federal Industrial Development Authority (Pida). An exception Is the electronics industry, in which 75 per cent of the firms surveyed
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    • Article
      Insurance exams
      34 2 A TOTAL of 272 candidates will be taking the Life Insurance Agents Certificate Examinations on Aug. 14. Of this number, 138 will take the examinations In English and the rest In Chinese.
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    • Article
      MEMO PAD
      524 2 COURSES AND TALKB May 8-Aug 17: Aust Insurance Institute Assoclateship Course, BITC, SITC Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-14: Design of experiments, NPB office, NPI3 Aug 7-29: Marketing management, Holiday Inn, NPB Aug 10 12: Group dynamics for managers, SIM, SIM. Aug 11:
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      167 2 WISE TRAVELLERS CHEQUE THEIR CASH 000 £20 \NK $50 rC^l <*'" Take Barclays travellers cheques wherever you go whenever you go. They're welcomed throughout tne world. Safer than cash. A world-wide network of refund agents help you in case of loss or theft. Available in US dollars or sterling. ON
      167 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      362 2 CRYPTIC PUZZLE ACROSS > 1 Stand and deliver! (4) 4 The thin* you don't agree with? (8) I One of thoee liberally burnt? <2> 1® Are they drawn in group*? m (4) It OaU in the nick? (4) It Adam's garden (4) M Take down (I) Hej«f half Motto (5)
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  • OVERSEAS
    • Article
      Lock icon Bumper crops won't stop Soviet imports
      559 3 Reuter THE SOVIET union is heading for a bumper grain harvest this year which could surpass the record 224 million tonnes produced in 1976. Disclosing this the US Agriculture Department said the Soviet Union will still need large imports from America and elsewhere as
      Reuter  -  559 words
    • Article
      Lock icon Farm produce credits
      328 3 AFP THE US House of Representatives International relations committee on Wednesday approved a measure extending credit up to 10 years to finance sales of agricultural commodities. It was the third committee to approve differing versions of the trade legislation. The Senate agriculture committee approved another version on
      AFP  -  328 words
    • Article
      Lock icon RISING FRANC TROUBLES SWISS
      245 3 AP THE SWISS government! had scheduled a special Cabinet session next Wednesday to consider the mounting problems caused by the seemingly unending rise of the Swiss franc against the U8 dollar and other currencies. The announcement was made after a regular Cabinet meeting and after the
      AP  -  245 words
    • Article
      Lock icon Strikes hit Peru's metal shipments
      345 3 Reuter A HIGHLY placed Mlner-operu-Commerclal (Mlnpeco) source In Lima has confirmed force majeure Is partial on refined lead and zinc shipments, near total on silver while copper was affected to a lesser degree as a result of a labour stoppage at Eh La Droya refinery.
      Reuter  -  345 words
    • Article
      Small businesses get the crumbs
      464 3 JMERICAN government ofclals; businessmen and scientists agreed during a Congressional hearing on Wednesday that US Federal agencies discriminate against small businesses when awarding research and development contracts, even though' these companies are far more Innovative than their larger competitors. (The witnesses also noted that the
      464 words
    • WORLD IN BRIEF
      • Article
        Lock icon BAD NEWS FOR NYT
        541 3 Agencies THE NEW York Times and the Dally News failed to publish yesterday following a strike by printing press operators which was honoured by other newspaper unions. The operators walked off the Job after the Times and the News posted new work rules which the union
        Agencies  -  541 words
    • Article
      Britain knocks off another £81m in debts
      298 3 TMIUlgi !■■■■< > spoil a Mt £81 Billion (SU4O million) of its deht last ■oath. roaparod with s nitiswl of Oil mllHsn h July last yasr. TW Tishmj said tUs makee a oaatral gevora■sat bsrrswlag roaairo■oal (CGBR) sf jC2.81 of the financial year
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    • Article, Illustration
      Lock icon Senator urges capital gains tax cut in Oct
      870 3 NYT US BENATOR l ßuMai| Long, chairman of the finance committee and probably the most influential tazwrlter in Congress, recommended on Wednesday that a capital gains tax reduction take effect on Oct. 1, three months earlier than the Jan. 1, 1979, effective
      NYT  -  870 words
    • Article
      Lock icon Profit margins still under pressure
      214 3 Reuter US CORPORATE profits roee 16.1 per cent In the second quarter of this year compared with an average 10.5 per cent increase In the first quarter. In its monthly economic letter, Citibank NA said profit margins remained under pressure as costs rose along with
      Reuter  -  214 words
    • Article
      Countries turning away from Russia
      303 3 THE American ambassador to the United Nations, Andrew Young said Third World nations are turning away from the Bovlet Union and towards private enterprise in seeking solutions to their economic problems. In an address to the American Bar Association convention on Wednesday, Mr. Young said
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      230 3 Jakarta. Right where you want it. The best of the cily, right in your reach. Commerce, airlines and embassies just a few steps outside. Hospitality in the finest Indonesian tradition inside. Wining, dining and dancing to liven your spirit. Swimming and shopping and Executive Health Club to help you unwind.
      230 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      329 4 LONDON terminal rubber was firm, closing the morning around session highs with on balance gains of 1.15 to 1.10 pence per kilo. Turnover totalled 202 lots of 15 tonnes including nine kerbs, plus seven lots of five tonnes. Dealers attributed much of the advance to renewed
      329 words
    • Article
      RAS PRICES
      318 4 Prices In cents per kilo yesterday: Buyers Int. 1 R.S.S. prompt f.o.b. 229.75 Int. 1 R.S.S. Sept 230.SO Int. 1 R.S.S. Oct 230.75 Int. 2 R.S.S 222.00 UK/Cont. 221.00 Int. 3 R.S.S. 219.00 UK/Cont. 218.00 Int. 4 R 8 8 218.00 UK/Cont. 215.00 Int. 5 R.S.S. 211.00 UK/Cont.
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    • Article
      SSR AND SMR
      100 4 NOON SSR and SMR prices yesterday: RA8 My (Curat Mtk) Buyt i S«lkr« A«c*t _(F«n>aH Mtk) (carta park*) <caal .SSR 20 (1-ton Pallets) 209.50 211 .SON 110.50 212.SON > SSR 50 (1-ton Pallets) 207 50 209.SON 208.50 210.50N MRELB Septet ■ber October SMR 5CV (1-ton pallet) 239
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    • Article
      Palm oil
      77 4 C.I.F. North European ports, In US dollar* per tonne unless otherwise slated LONDON WedMaday Malaysian 5% f fa bulk per tonne October Sumatra 5* ffa bulk August September October November December Mffllfc&Kttabuikstg 540 sir 580/589 pd 580/545 pd 545 550 pd 53IW/535 pd unch unq 538 sir 575
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    • Article
      Closing prices
      26 4 Rubber: Aug 10 Singapore: Sept 232.00 cents <-) Malaysia: Sept 237.75 cents »3 cents) MS 1,745 (up W) Official offering 220 tonnes (op 30 umnea)
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    • Article
      Rice
      166 4 BANGKOK prices of white rice have been decreased five dollars each per tonne, traders said. They said 100 pet first, second and third classes white rice had dropped to 397, to 382, and to 377 dollars per tonne respectively. A-One super broken rice fell $3 per tonne to 187,
      166 words
    • Article
      Lead
      100 4 LEAD finished yesterday morning £1.75 higher for cash and £1.5 up for Three Months in London. The market was well maintained following the US producer price increases although the higher levels attracted hedge selling which later trimmed prices. Three Months traded upto £332 per tone on the pre-market but
      100 words
    • Article
      Zinc
      68 4 ZINC yesterday finished the ring £1.75 down for cash and £2 for Three Months. The London market was steady initially, reflecting US and European producer price rises but profit-taking shaded prices from the highs. Three Months reached £332 on the pre-market but closed the ring at £330. Sales of
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    • Article
      Produce exchange
      291 4 STEADY and quiet trading ruled on the Singapore produce market yesterday. Oil millers reported little inquiries for copra and coconut oil as the fluctuating US dollar continued to dampen activities. Philippine copra was slightly up but the local market did not follow its sentiment. Pepper trading was steady
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    • Article
      Hongkong Comex
      143 4 THE sugar market firmed about 0.10 US cents In continued quiet trading, with 16 lots traded yesterday. The Hongkong dally not sugar price rose 0.15 to 7.15 cents, In line with Wednesday's New York September close of 7.13/15. The cotton market closed little changed yesterday In continued dull
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    • Article
      SPOT PRICES
      192 4 TARN and cotton in Hongkong dollars, not exgodown Cettea Vara: China Blue phoenix 20*8 1.710. 32 s 2,200, 40*S 2.340 (per bate of 400 lbs Pteee Goads: China Butterfly and Globe Brand unq. Dragon Head unq. Pise Lambs unq. Flower and Butterfly unq. flying Oeese unq, (per piece
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    • Article
      Sugar
      238 4 SUGAR futures opened £1.15 to £0.50 up on Wednesday afternoon closing levels. Turnover totalled 884 lots. The market was steady on trade buying and continued speculative interest encouraged by improved sentiment and a constructive chart picture. There was no fresh news, dealers said. The London dally raws and whites
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    • Article
      Coffee
      263 4 FUTURES opened £13 per tonne higher to unchanged in a turnover of 120 lots in London yesterday. Dealers said early trades were slightly lower, reflecting New York but the market was rather hesitant, and the first sign of buying resistance saw sellers back away. In NEW YORK on Wednesday,
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    • Article
      Straits tin
      178 4 THE Straits tin price rose $0 to Mf 1,745 per plcul In Penang yesterday on an official offering of 220 tonnes, up 30 tonnes. Tin on Wednesday rose by £20 for cash and £17 for Three Months In both contracts. Tin gained £35~~in LONDON yesterday for cash and
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    • Article
      Cocoa
      315 4 TERMINAL cocoa opened £8 higher to £0.50 down In light first call dealings yesterday, but then eased back in open trading under occasional dealer hedging and Jobber proflttaklng, dealers said. Sentiment was still cautiously bullish, reflecting concern over main crop production prospects in west Africa and Brazil. Chart and
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    • Article
      Duty rates
      97 4 THE Malaysian Minister of Finance has fixed these rates for the period from Aug 10, 1978 until further notice: rubber at 234 1/8 cents a kg, copra at 069.34 a tonne, palm kernel at 8955.75 a tonne, white pepper at 84,779.84 a tonne, black pepper 82,951.93 a tonne.
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    • Article
      Wheat
      186 4 CHICAGO wheat futures were up K to off ft cents a bushel at midday, reversing earlier gains on WednesdayWheat futures rose initially as traders covered short positions, but eased on heavy commercial selling, traders said. One commercial firm sold 1.2 million bushels of the December, they noted. Some selling
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    • Article
      Soybean
      183 4 CHICAQO soybean futures closed at the days highs on Wednesday, gaining 14-1/4 to 4-1/2 cents a bushel. Brokers said locals unwinding of bear spreads pushed the nearby August higher, with other months rising on commission house chart buying. Further support stemmed from a firming of the decatur cash soybean
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    • Article
      Copper
      247 4 COPPER wlrebars finished yesterday morning up £9 all round In London. Tne premarket was steady on modest covering prompted by the New York close, details from TJm? on the Peruvian force majeure measures and fears or possible repercussions to a higher wage demand at the Chilean Chuqulcamata Mine. In
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    • Article
      Silver
      234 4 SILVER declined by 1.8 to 2.3 pence In London yesterday. The decline at New York and the fall in gold touched off liquidation In the pre-market, traders said. But values held steady at the lower levels In the ring aided by shortcoverlng. Turnover of 96 lots was mainly carries.
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    • Article
      Gold
      489 4 THE gold market In Singapore was actively traded both in the kllobar and spot gold for London delivery markets. The kllobar opened at 3114,918 and closed higher at $14,944. The highest level reached was $14,961 while the lowest recorded at $14,914. Trading was active both In the morning and
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        566 4 THE US dollar continued to fall against the Deustchemark on the foreign exchange market yesterday. After opening at 1.9825/40, the US dollar was first traded at this level lnthe morning against the German mark. However, the opening of the London exchange saw some support for the US dollar
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      • Article
        Asian $ & CD rates
        146 4 Asian CD rates ASIAN currency deposit interbank rue* u it dote on Aug 10. tWMm(lMl) Offcr BM 7 dart 714/16 1 mth 2 mthi tl/4 S 1/1 3mth» via mthi i/« 9mths 1 v» 12 mth< il/i« •w.m. (MMA* OK Prwrx 1 raUi sm« Jmlhi j vie mthi 3 1/2
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      • Article
        MLR
        14 4 THB swage rata at which Blako#oro hsiks are u—l—<ly prepared to load to
        14 words
      • Article
        Discount
        62 4 IN HONGKONG, the US dollar closed at HK64.6930/50, sterling at 9.130/170 and the Singapore dollar at 2.0900/20 IN JAKARTA, the US dollar closed at ruplahs 414/416 RANOK of prtcM offered by discount houMon Aug 10: CaJi aepoiiu to >%% 3-month TrcMury Milt JV» 11/4 3-month Bank bUla 5 7/»
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      • Article
        Australia/NZ
        42 4 AUSTRALIA/ New Zealand chance* MM on Aug Ik US doMar 1.1019/1.971 Sterling 0.9900/ O.9SM 90*17 bU7to rml US dowa 1.1909 MXW ZEALAND: Slarttne 0 *444/ 0.6410 US domr 1.0631/ 1 0631 Ninety-day airmail baying rate*: Sterling 0.9099 US dollar 1 0021
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      • Article
        New York
        312 4 THE dollar finished generally firmer against major currencies In active trading on Wednesday. The gain largely was a technical reaction to the dollar's recent declines as operators began to take profits against other currencies. News the Swiss Cabinet will discuss monetary and economic questions at Its Aug 16
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      • Article
        London
        179 4 THE dollar yesterday continued to recover from Wednesday's record lows against the mark and Swiss franc but early trading was very thin, dealers said. The dollar opened around 1.9850/ 60 marks compared with 1.9812/ 27 overnight and at 1.6902/ 17 Swiss francs against 1.6820/ 40. There were no new
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      • Article
        Tokyo
        140 4 THE dollar for overnight delivery yesterday closed at 187.25 yen, down from 187.60 at the opening and Wednesday's close. After easing initially the dollar fell back slightlv in quiet late trading on selling by some foreign hanks, the dealers said. No central bank intervention was detected, but some dealers
        140 words
      • Article
        Hongkong
        117 4 THE US dollar eased slightly from New York's closing levels in thin, quiet trading, dealers said. The dollar eased to 1.9815/25 marks from New York's 1.9640/00 close and Its 1.9630/50 opening here, and to 167.30/45 yen from 187.75/90 In the 08 after opening marginally higher at 187.85/ 188.06. Sterling
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      • Article
        Zurich
        71 4 THE dollar yesterday rose sharply here In early dealings to 1.6920/ 30 francs following reports the US producer price index for July is expected to show a significantly slower rise than In the two previous months, dealers said. The Bwlss franc was further depressed by news that Swiss National
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      • Article
        Euro $ rates
        152 4 Euro rates TRADING In London Eurodollar deposits was very quiet with rates steady but with a softer undertone, dealers said. One and Three Months stood at 6-1/8, and 6-&/16 per cent respectively. Six and Nine Months and One year also shed 1/18 point. In short dates, overnight was unchanged at
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      55 4 The Love ot inese i k? "1 >■ X r. > 4 k yf >' '*,<J I AM c **< M** D Hn M 5 i < i 1 !'■«»> Kenneth Lo i»l<i Cbtn«M **V Ov«r 100 atMclow CNnw luitrtttd wttfi 00 colour photofr s*mpH«ttc biiity of If food CMntii
      55 words
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  • TRANSPORT
    • Article
      Cosco may help end reliance on the West
      668 5 By Our Shipping Reporter WITH China's support on the shipping front, Singapore snippers may be able to wean themselves away from some of the services of Western shipping lines operating within the conference system. Considerable savings In freight will be the main
      668 words
    • Article
      Lock icon London freight
      186 5 UPI PERSISTENT lack of voyage fixing vitality left the time-charter section as the major source of tonnage employment. Bookings spread liberally around the market, but with emphasis on Far East delivery. Among Eastern bookings was the Sanko payment of US$2.4O a dwt to the 59,958-dwt Caledonia for 11
      UPI  -  186 words
    • Article, Illustration
      SHIPS IN PORT
      444 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alia (after Kota Ma ha) 13/14 Christian Maersk (after Kota Maha Toyofujl Maru) 10/11 England Maru (after Iver Stream) 15/16 Esqulllno (after Avon Forest) 47 Frotabelra (after Avon Forest) 46 Golden Source (after King Lake) 22 Kalkoh Maru (1600) 5 Komandarm Matveyev
      444 words
    • Article
      Air special
      37 5 BRITISH airport authorities plan a little night music to soothe thousands of holiday-makers who are expected to be stranded In another weekend of chaos because of French air traffic controllers planned resumption of a slowdown.
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    • Article, Illustration
      ALL BOTTLED UP ...
      112 5 ALL BOTTLED UP HIE "secret" of putting model ship in a bottle is a fairly open one nowadays. But how do you get a container in a bottle? One man who knows the answer is Chief Officer M.J. Godbehear, who has given the traditional seafarers' pastime a 20th Century twist
      112 words
    • Article
      Lock icon Thailand opts for Sattahip as port site
      298 5 AFP THAILAND will definitely develop the US-bullt deepwater seaport at Sattahip on the Gulf of Slam while the alternative site at Laem Chabang Is being "temporarily suspended" for economic reasons, Prime minister Kriangsak Chamanand confirmed on Wednesday. General Kriangsak said the Laem Chabang
      AFP  -  298 words
    • Article
      Cruise ship America up for auction
      307 5 THE cruise ship America, beached In the custody of a federal marshal after two disastrous pleasure cruises, has been ordered sold at auction to satisfy creditors' claims. Judge Vincent Broderlck of federal district court In Manhattan signed an order on Tuesday directing the sale
      307 words
    • Article
      Lock icon PanAm's ground workers strike
      255 5 AP MORE than 7 000 unionised ground employees across the United States struck at Pan American World airways at 0401 GMT yesterday because of a contract dispute, according to a Teamsters union spokeskman. PanAm officials said the airline's operations would not be immediately affected because of
      AP  -  255 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      726 5 DEPARTURES Swim Operator N urn L» r Tl Ml YW MAS MAS OIA THAI SIA SIA MH822 MH682A OA981 TG408 8Q6 SQ104 PR504 SQ239 SQ466 3 9L. 0820 0800 0806 0615 061S PEN/(BKK> KUL HLP bkk BKK/HKO/OSA KUL PAL SIA SIA SIA 0630 0645 MNL MES BWN
      726 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      363 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL 8066CS CITY TEL 23SS8 l >S Call JS on ard reoer v at inns The LIFE Library Of Photography helps you to see great picture possibilities all around you... S.i v J —t r' A The Life Library Of Photography Each volume measures 101 a
      363 words
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  • Article
    Bosses are to blame too
    574 6 JOB-HOPPING is the ungainly phrase used to describe an Industrial disease Singapore's workers are supposedly** susceptible to. But It is apparent that the blame cannot be placed squarely on the shoulders of employees. Employers are to blame, too. The time may be ripe to consider
    574 words
  • Article, Illustration
    Lock icon Ohbayashi-Gumi tops survey list
    1637 6  -  A sharp increase has been noted recently in construction and civil engineering projects undertaken by Japanese companies overseas and Japanese plant exports, as well as service exports. Along with rising exports of goods, this is expected to pose a new problem for Japan, which is faced
    Japan Economic Journal  -  1,637 words
  • Article, Illustration
    Lock icon Fashion-conscious Japanese
    703 6  -  •y LINDA HERENDEEN Reuter JAPAN has undergone many ehufN since its devaetatiag World War Two defeat and one of the moot pronounced has hesn in the field of Ihshion. Indeed, the fashion changes reflect much of the Mending betweon Japan and the Wset following Tokyo's export-orientated economic boom.
    Reuter  -  703 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      346 6 v Wi Hi V v TO»•-- 'jl* A? •r. i i£- -"*y /*»-F& < 5 < t y V- SOT* II I I *v 1- 9 ,T IJ3 406/407 Havelock Road, B'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get
      346 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WE A THER outlook for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hour* prior to 7.30 p.m. on Auf 10 at the airport: Maximum Temperature 30.80° C Associated Humidity 66 Minimum Temperature 15.0° C Associated Humidity 96 Hours of Sunshine 4.90 Rainfall in Millimetres 4.1
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      254 6 SINGAPORE 5 3.00 PM Opening followed by Housewives' Matinee litter Love in Tears (A Mandarin feature film repeat) 4.30 Intermission 6.05 Opening followed by Exercise with Gloria 0 6.30 News in Brief 0 6.35 December Bride Airplane Show 7.05 Persembahan Ku (Malay)® 7.30 News and Newsreel (Malay)® 7.55 In Search
      254 words
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  • Article, Illustration
    Another go at the 'Transmigrasi' plan
    1491 7  -  With 70 per cent of Indonesia's total 135 million population crammed onto the islands of Java and Madura and with 10 million of the country's 14.37 million families living in Java, teach holding one acre (0.4 hectare) of farmland or less, it would indeed
    1,491 words
  • Article, Illustration
    STRAWS IN THE WIND
    598 7 TM ALL for trishawmen giving tourists the thrill of their life, driving around in Mwse ancient modes of Mbisport. But there's a thin line between "thrill" and "fright of their life" last night, at about 9.30 pm, I -SaUr one good fellow peddl4flahis passenger furiously Road
    598 words
  • Article
    Senators in the doghouse
    817 7  -  frOßPMlfelHf ...on economics h RUSSELL BAKER Russell Baker is the Net York Times humorist. -i THE latest marble idiocy In Washington will have wood-pannelled offices with five-metre ceilings, rise nine storeys high and have a rooftop restaurant and two private baths in every office. The Imperial
    817 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      261 7 IKMt :.t\ New Japanese Restaurant KIKU^JI serving authentic Japanese food jiii f< V k'|if\\n\hkki *Temfxira sfiaslumi *suki\aki *ShalxiShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn RoacJ Singapore 11 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE
      261 words
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      Page 7 Advertisements Column 2
      72 7 ORCHID INN 214 Dune«rn Road. Singapore II Tel: *****2 HOTEL PHOfcNIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel. *****6 PENINSULA HOTLL Coleman Street. Singapore 6 Tel: *****1 RAH-LLS HOTEL 1-3 Beach Roud. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road. Singapore 10 Tel: *****4 SINGAPURA KORUM HOTEL 585. Orchard
      72 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      40 7 DribZCW: i-VacJc Lhcte&s HWHI£- o© NOU UtPft THP,T ME. U*vs TPkIXNG *K> WhmsfcLf 3^ m. I OnoST GO Doom TO THE. sep* ■O fv«acnS SUJLR PusGe p*o fhll fnsk ts b 6eTres Roon F\ BILL NOT Q\JiTe SO UV*G£...,. e*
      40 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Strong mark firms Frankfurt prices
      470 8 EUROPEAN MARKETS FRANKFURT share price* on Wednesday finned due to the strength of the mark and following both foreign and domestic purchases. Deutsche Bank gained six marks and in stores Kaufhof rose 2.50 while electrlcals, chemicals and steels were little changed. On the bond market,
      470 words
    • Article
      Frankfurt
      209 8 AUG M Dm Aef-Telefunken 77.60 +0.1 Akzo 28B A Hz Leben 685 +2 A1U Vers 478 1 BASF 134 +0 8 Bay H T Wbank 287 50 +2.5 Bay Vbank 328 +2 Bayer 137 +0.3 BBC 310B BMW 223 -1.5 Cassella 394 18 Chem Verw 261B Commerzbank 229 50
      209 words
    • Article
      Paris
      274 8 AUG M Fr» CORBEILLE Alr-Liqulde 324.SO -0.1 B S N Gervais Danone 530 +■3 C 8 F (ThomaonCsf) 393.80 +3 8 Cte Franchise des Petroles 144.70 -0.2 Compagnie Financiers Compagnie Generate 381.50 -15 Credit Fonder De France 3M.C0 -1.4 Hachette (Ubralrle) 22S -2.5 Machines Bull <6 SO *0.9 Michelln(B)
      274 words
    • Article
      Brussels
      91 8 AUG M Fra FORWARD MARKET Acec 375 +15 Arbed 242* -40 Astur CM -44 Brascan Bru-Lamb «4 ISM -8 -3 Canpac Cock 5S2 «M -12 1S De Beers Ebes 225 2X6 >12 15 Electrobel Ob-Inno-Bm (7M 2JM -M 25 Gev Hobok 1*4* 2SM -10 ♦25 Petto Ryl Dutch MM
      91 words
    • Article
      Milan
      87 8 AUG 09 Lin Anlc 111 SO -8.5 Assoc Gen ***** 180 Bastogl 500 ♦8.5 Centrale 3796 unch Flat 1835 27 Flnslder 142 unch Genlmmob 7325 IFI Pri 24 Italcementi 150 Italgas 1 Italslder +3 Magnetl M PT unch Marelll Ere -8.5 Medlob ***** -40 Miralanza ***** 808 +210 Mondadon
      87 words
    • Article
      Zurich
      183 8 AUG M Francs Actions Suisse* 286 -1 Alusulsse Br. 1210 -5 Alusulsse Reg 520 4-8 Brown Boverl Br. 1600 10 aba Gelgy Br 1000 +75 Clba Gelgy PC Oba Oetgy Reg. 565 -1 Credit Suisse Br 2180 10 Credit Suisse Reg 410 +2 Elektrowatt Br 1900 15 George Fischer
      183 words
    • Article
      Amsterdam
      162 8 AUG M n» 47ABN 366 00 -0.6 Ahold 107.40 -0 4 Akzo 30 70 ♦0.2 AMEV 84 20 -0.1 Am fas 108 00 -0 5 Amrot Bank 77.70 -0.1 Bergoss Berk Boll 70 50 -0.7 BorsumlJ Burhmann Byenkorf 92 00 1 Calve Delft DellMIJ 127 00 -0 2 Ennla
      162 words
    • Article
      Toronto
      270 8 8H ARE prices cioeed fractionally higher In active trading on wedneeday, with the composite Index up 1/1 point and advances leading declines Ml to >07. Thomson Newspapers A rose 3/8 to 15-1/4 andVKtorla end Grey Trust A was up 1/3 to 32 on higher earnings. Imperial General Properties gained
      270 words
    • Article
      Jo'burg
      319 8 AUG M Rand INDUSTRIALS A Alpha 140 unch Abercom 210 unch AE And CI 330 +5 AMIC 1060 20 Barlows Cg Sugar CNA 445 110 -10 +5 Currte Finance 81 I De Beers Ind ***** unch Edcon 245 unch Edgars 2800 100 Eveready 205S unch Fed Volk 206 unch
      319 words
    • Article
      DJ Average rises
      606 8 TOKYO THE Nikkei Dow-Jones Avenge roee tor the first time In four d*ys, since the Tokyo Btock Exchange announced on Wednesday that the current mardn collateral rate would be lowered from 80 per cent, to 90 per cent effective yesterday. Corporate investors were heavy buyers of non-margin
      606 words
    • Article
      Lock icon Hongkong
      323 8 Source: SHK Sec CONTINUING the trend from Wednesday, the market we&kended yesterday morning as the (ear of Interest rate rises depressed sentiment. High flyers such as Jardlne, Hutchison and HK Electric slumped as the Index fell 11 points by lunchtlme. Hang Seng Index: 014.38-7.20 Turnover HKSI6B 20 million. AUG
      Source: SHK Sec  -  323 words
    • Article
      Manila
      96 8 A CO)* Mlnlnc .01 IS -0 0005 Alia*Con A Altai Con B 22 40 0 1 BaculoOoid .0115 ♦0 001 Bencuel Con. B BF Goodrich 33 25 ♦0 5 CDCP 25 SO ♦0 1 IncoB Landotl Lepanlo B 26 ♦0.0175 Mannduque B 7.85 ♦0.25 M*raico 23 80 ♦0.8 Oriental
      96 words
    • Article
      Sydney
      237 8 AUG I* Cent* I DfDUl A. C. I A. N. I A. P.If Ampol Pet b i. p Bank NSW rruALi 1678 148 114 ft in CM -4 2 -1 ♦4 Boral 280 unch Bramble* m ♦I C B A 235 unch C.8 R 334 ♦4 Coal Allied 470
      237 words
    • Article
      Bangkok
      197 8 AUG It Baku Bangkok Bulk Bangkok of AyudhayaLtd Thai Danu Thai Fanner* Bank Thai Commercial Bank Bangkok Metropolitan Bank Industrial Finance Corp Oeneral Finance ma 278 unq 371 unq unq 2,495 340 -12 -10 ♦2 -40 -10 Investment Fir* Trust Raja Finance Lee Kwang Ming Trust Thai Insurance Safety
      197 words
    • Article
      Selected indices
      60 8 FINANCIAL TIMES INDUSTRIALS Wednesday 516.2 Tuesday 507.0 Week ago 495.3 DOW JONES AVERAGE INDUSTRIALS Wednesday 891.63 Tuesday 889.21 Week Ago 883.49 LONDON DOLLAR PREMIUM Wednesday 107* to 108 Tuesday 100* to 107* H.K. HANG SENG Thursday 814.38 Wednesday 821.58 Week Ago 592.43 SYDNEY INDUSTRIALS Thursday 443.05 Wednesday 442.03
      60 words
    • Article
      CHICAGO BOARD OPTIONS
      1909 8 August 9 CHICAGO Board Options Exchange volume rose to 215.447 contracts on Wednesday from Tuesday's 150,773. OPTION8 OCT JAN APL STOCK Alcoa AIcm 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 Bank Am
      1,909 words
    • Article
      GAINERS LEAD
      1125 8 NEW YORK STOCK PRICES clOMd higher on Wednesday In active trading, although they slipped from even higher levels hit earlier in the afternoon. The Dow Jones Industrials gained about 11 at one point to break the 900 level for the first time since July 26, 1977, but quickly
      1,125 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      133 8 Don't let the language barrier stop you from wider 0 or I.CJ contacts -4 "v i i m T ml* I a \e nN c\ \\o* V ri f'HUai, o I i >W M xv. YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere
      133 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon LTV-LYKES UNION GETS BLESSINGS
      833 9 NYT Reuter IN7.THE halcyon *****, when. high-flying conglomerates thought they had unlocked the secrets of synergyi the managerial art of making two plus two eqfitsU five LTV bought Jones and Laughlin, the seventh largest American steel. producer, and Lykes acquired Youngstown Sheet and tube, the eighth
      NYT; Reuter  -  833 words
    • Article
      Lock icon Occidental group defers building of refinery
      515 9 N. AMERICAN FT THE US-BASED Occidental Petroleum group is to defer Indefinitely the building of its new olf refinery at Canvey Island, Essex. The group Is also likely to close Its Belgian refinery at Antwerp. The net effect of the two moves Is that
      FT  -  515 words
    • Article
      Lock icon Tagamet lifts Smithkline
      627 9 NYT TAGAMET, the Smithkline Corporation's new treatment for ulcers and related gastric disorders, is providing a sharp lift for the big pharmaceutical company's earnings. It is also being cited as an example of how a drug can make its way quickly through the government's regulatory maze. Sales
      NYT  -  627 words
    • Article
      Lock icon BHP's copper study in final phase
      284 9 ASIAN Reuter MELBOURNE: The feaSbillty study on the OK T«fl copper deposit in the Stai Mountains of Papua New*- Guinea is in its final phaseTollowlng the completion of field work, the Broken Hill Pty Co Ltd (BHP) said in its July "News Review." Work
      Reuter  -  284 words
    • Article
      Lock icon A.S. Mining in diamond venture
      221 9 Reuter PERTH: A.S. Mining Ventures Pty Ltd, a whollyowned Selection Trust Ltd unit, has signed a letter of Intent to enter a diamond exploration venture In Western Australia. Tlie venture's manager Carr Boyd Minerals Ltd said the letter's terms allow for exploration to proceed on
      Reuter  -  221 words
    • Article
      Lock icon Woodside Petroleum well spudded
      102 9 Reuter MELBOURNE: Woodside Petroleum Ltd said the brigadier number one exploration well in permit WA-90-P offshore western Australia was spudded in on Aug 2 In a water depth of 312 metres. The well, planned to test the as yet undrllled brigadier structure about 60 kms north
      Reuter  -  102 words
    • Article
      MIM UPS PRICE
      32 9 BRISBANE: Mount Isa Mines Ltd said its price for copper, equivalent wirebar basis cif main Australian ports was raised to AS 1.200 per tonne from $1,180, effective since Wednesday.
      32 words
    • Article
      Lock icon Firestone revises year-end profit forecast
      319 9 Reuter FIRESTONE TIRE and Rubber Co said operating earnings for the fiscal year ending Oct 31, are expected to be below previously indicated levels. On June 26 its chairman and chief executive, Mr. Richard Riley, said fiscal 1978 operating earnings would come close to 1977's
      Reuter  -  319 words
    • Article
      Lock icon Comben woos Orme with £10m offer
      678 9 EUROPEAN FT THE Comben group has offered ClO million to acquire Orme Developments and thereby become the second biggest pure housebuilder on the stock exchange after Barratt Developments. The bid came only three days after Mr. Bob Tanner and Mr. Peter Whitfield sold 22
      FT  -  678 words
    • Article
      Lock icon Frank B. Hall offer taken up
      97 9 Reuter LONDON: Frank B. Hall (UK) Ltd said its offer for insurance brokers Leslie and Godwin (Holdings) Ltd has been accepted for 86.47 per cent of the ordinary and 90.85 per cent of the preference shares. The offer has not been declared unconditional as
      Reuter  -  97 words
    • Article
      Distillers
      29 9 LONDON: Distillers Co Ltd said it is unable to declare a proposed special interim dividend for the year 1978/9 because of the British government's continuation of dividend restrictions.
      29 words
    • Article
      Lock icon BNP PLACES US$50m NOTES
      72 9 Reuter PARIS: Banque Natlonale de Paris is raising US$5O million in the US through the private placement with institutions of five-year notes carrying a spread of 1/4 point above London interbank offered rates. Informed banking sources said books are likely to close around mid-August with a
      Reuter  -  72 words
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      Page 9 Advertisements Column 1
      196 9 P(/ 0/ $361= 7 *fi £> S O/>, "J O r I •jV of Singapore 1978 The most comprehensive index and guide to tne business scene. The Straits Times Directory of Singaporel97B more popularly known as the'BukuMerah', carries more than 27,000 entries covering over 1,500 categories of business. A thorough
      196 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1511 10 BID and oflkr prteea offldaßf Dated and baataaaa la and reported to Uw Mock Kxchnp of Stociporc ytolof day wttb Uw iwmbarofiharee traded Owen la bracfteta In ma of I.MO unite unlaee ometalee tpedfled. Aft Time Settlement Contract* are quoted altar the word "aatt." H« Board deal (in
      1,511 words
    • Article
      Government bonds
      148 10 4 1/2% 1/8/89 250.000) (99.858 99.928) 4 3/4% 18/9/ M (250.000) (100.108 100.358) (2) 100.20 8% T P 1/8/83 250,000) (100.358 100.458) 7% 1/8/88 (250,000) (100.758 100.908) 61/4% TP 15/6/81-64 (250,000) (102.558) 7 1/4% 18/4/ M (250,000) (100.75B) 7 1/4% 18/10/88 250,000) (100.75B) 7 1/4% 1/8/87 (250,000) (100.75B)
      148 words
  • Article
    SHARE INFORMATION SERVICE
    2502 10 1978 High Low Company Last Sale +er- <*'• Dtr Dtr Or YH Nat P/K Vol C888) Day High Law SECTION ONE INDUSTRIALS 241 233 172 218 280 83 278 284 210* 540 132 123* 112 133 195* 60* 162 173* 140* 256 Ac ma Alcorn Allied Choc
    2,502 words
  • Article
    In Kuala Lumpur
    1906 10 BID and offer prices officially Hated and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lota of 1,000 units unless ot*-~rwlM specified. IN»«»T«IAU AMM (2MB) AJlmmita (2.628) Al—m (2.SAB 2.428) <» 2.45 (1) 242
    1,906 words
  • Article, Illustration
    Profit-taking curbs gains
    870 10 WEDNESDAY'S euphoria on thi Kuala Lampw Stack Exchange filtered aeraaa the Straits and ikart prices MH|«i sharply during tha first hour of trading an the Stock ExchugiV Singapore yesterday. But subsequent profittakin* curbed further gains and share prices cieeed off best. The volume was a daily record
    870 words
  • Article
    KL sees fairly active trading
    464 10 PRICES finished slightly easier In fairly active trading on the Kuala Lumpur stock market yesterday. The New Straits Times Industrial Ordinary Share index, after four days of uninterrupted advance, closed a marginal 0.15 point lower to 430.31, while the volatile Malaysian Business Times Index fell
    464 words
  • Article
    Unit trusts
    104 10 L rHcotamom untt (9«M9»i pnaaa hr Aag N) (Ciii nlm) The Commerce 29 242 INCOMZBOND 1*7 Jim The Saving Fund 1.43 1.42 < 111 s;>ot»PrmrM>d 1.11 i.u ma«a Knnnmu puwi 19 2.Mad —Mn—' r^i r*' M *j jHq 8'pore Inveet Fund 19 1.44 SMonC aJLIjpiSm' til 5 m
    104 words
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  • COMPANY NEWS
    • Article
      Slow trading conditions hit Intraco
      693 11  -  •y MANO SABNANI t r'RACO Limited appears be slowly, but surely, overcoming the problems which have affected profltablllty at Its man ufacturlng subsidiaries since late 1975. But the parent company's own margins were adversely affected by the sluggish international Trading conditions prevailing and the proliferation
      693 words
    • LATEST RESULTS
      • Article
        LIEN Hoe Industries Bhd
        42 11 Unaudited group pre-tax of MSI.53 million >($319,112) on a turnover of >912.2 million ($7.83 million) for the six months ended .June 30, 1978. Parent company pre-tax profit of $702,735 ($230,637) pn a turnover of $9.85 -million ($7.43 million).
        42 words
      • Article
        Malex Asbestos Cement Bhd
        31 11 Unaudited pre-tax profit of M 51.59 million (M 51.19 million) on a turnover of M 59.81 million (M 56.19 million) for the hfQf-year ended June 30, 1978.
        31 words
    • Article
      Saint Piran
      73 11 SAINT Piran has an--1 nounced that it has accepted an offer for the whole of Its holdings of ■'5.235 million shares in A. Monk and Company Limited (Monk) at a price of w 102.5 pence per share. 1 The shares in Monk were "purchased as a long-term Investment
      73 words
    • Article
      Selangor Dredging sees record profit
      478 11 TRUE to its interim forecast, pre-tax profit at, Selangor Dredging continued to forge ahead to touch a record $19.66 million for the year ended March 31, 1978. However, the slower growth rate of only 5 per cent recorded this time may. well mean the settlement
      478 words
    • Article
      DIVIDENDS ANNOUNCED
      262 11 Current Ex Book* Date Total for Total for payment Date close payable the year previous year FAN Rivervtew Saayo lad*. (M) S'poro Glaao (1974) Peft Malaysia UM Malacca M Cement PaaBatuk 8. Darby Uaaec Loan Stk M Tobacco Berjuatai LPerak B. Kawat Island aatf Pen UOB AfasHMga Bata
      262 words
    • Article
      SCRIP ISSUES
      105 11 Company Particulars Ex Date Books Close Lin Ho* Unl Eastern Lit* M'aia Fecdmills Syntactic Rniu Rights Issue of I for 4 0fl.00 per share Boniu Issue of 1 for 2 Rights Issue of 1 for 4 Ml 00 per share Rights Issue of 2 for 5 <•>$1 00
      105 words
    • Article
      Straits Trading owns 89pc of Kent (FMS) Tin
      234 11 THE Straits Trading Company Limited has informed the KLSE that it is the beneficial owner of 89 per cent of the issued shares of Kent (FMS) Tin Dredging Limited which has announced its intention to go into voluntary liquidation. It pointed out
      234 words
    • Article
      Summit, JAL franchise pact terminated
      119 11 THE FRANCHISE i|teement drawn between Hotel Summit and the Japan Air Lines Development has been terminated with eflhal from Aug 1. This is revealed by Goodwood Park Hotel which recently bought Summit at a consideration of $31 million. Summit was consequently renamed York Hotel. In
      119 words
    • Article
      Universal Cables extends closing date of issue
      164 11 ON THE request of the Ministry of Trade and Industry, the Board of Directors of Universal Cables (M) has extended the closing of the application list fbr its private issue of 2.35 million shares. A statement released by the issuing house Malaysian Industrial
      164 words
    • Article
      PMCW sells stake in PM Realty
      128 11 PAN Malaysia Cement Works Berhad has announced the sale ol Its entire holdings of 1.2 million II shares in Pan Malaysia Realty. The shares were sold for a cash consideration of <1.70 per share amounting to a total of $2.04 million, on Tuesday. Purchasers
      128 words
    • Article
      Sentosa sells Pahang shares
      450 11  -  •y SUSAN BEVAN SENTOSA Plywood has rather puzzllngly told the Kuala Lumpur Stock Exchange that It has sold its 1.0 million shares in Pahang Consolidated "In the open market, through a stock broking firm." The sate, it said, was made In December last year, at which
      450 words
    • Article
      COMPANY MEETINGS
      96 11 Fraaer and Neave Ltd: AOM to be held at 19th Floor, OCBC Centre, Singapore at 12 noon on Aug 11. Paper Products (M) Bhd: AOM to be held at the Conference Room, UMBC Building, 3rd Floor. Jatan Suleiman, Kuala Lumpur, at 12 noon on Aug 19. Kesant Tin
      96 words
    • Article
      Paper Products (M) scores very encouraging results
      741 11 PAPER Products (M) has had a good start to the current financial year and chairman Chang Ming Thlen says in the latest annual report that operating results over the first five months are "encoura- Chang expects, barring unforeseen circumstances, the group results of
      741 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      237 11 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia." Now the
      237 words
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  • Article
    Lock icon Tokyo urged to cut official discount rate
    643 12 Agencies THE JAPAN Chamber of Commerce has urged Prime tjfclster Takeo Fukuda to e«t the Bank of Japan's offttfcU discount rate by half per cent to 3 per cent and to Qqplement a two trillion HP (8820 billion) Income ttu; reduction. v>s)e chamber,
    Agencies  -  643 words
  • Article, Illustration
    Education — hallmark of our progress
    401 12 Education hallmark of our progress -Economic progress has a new generation 3» < better-educated Slnga'•oreans. Singaporeans are now not <aniy better-fed, better•ftoused and better-dressed •Jwtf also better-schooled *4tian their elders a few <]je£ades ago. I* The nation's literacy rate, to latest government statistics, has risen Tjom 72.72 per cent In
    401 words
  • Article
    Khoo's trial: submissions
    605 12 THE prosecution yesterday gbmltted that lawyer 100 Hln Hiong's withdrawal of $100,000 from the clients' accounts of Chor Pee and Hln Hlong was dishonest and had caused «tongful gain to himself, biit the defence claimed there was no evidence for this argument. Senior DPP, Mr. Glenn Knight,
    605 words
  • Article
    Lock icon HONGKONG DOLLAR NOW IN BAD SHAPE
    501 12 Reuter THE HONGKONG dollar, once the world's third strongest currency, has weakened ikarphr although this was sbscurad by the US dollar's decline MMMI ns* jor European currancfea and the yen, senior foreign exchange dealers in the British colony said. The currency fell at yesterday's
    Reuter  -  501 words
  • Article
    Lock icon Clarifying that 17pc tax on offshore profits
    265 12 AFP STRONG opposition pressure has led the Hongkong government to accept proposals for clarification of the provisions of a law that will slap a 17 per cent tax on the offshore profits of financial Institutions. The law amending proposals were made by an
    AFP  -  265 words
  • Article
    Lock icon South-east Asian scenario by Asahi
    151 12 Reuter THE SITUATION in Southeast Asia Is about to change as a result of moves by the United States, China and the Soviet Union as well as by various other countries In Asia, according to Japan's mass-clrculatlon Asahl Shlmbun. "It just so happens that (Japan's)
    Reuter  -  151 words
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    Lock icon AUSTRALIAN DEFICIT
    305 12 Reuter AFP AUSTRALIA'S balance of payments as measured by net official monetary movements swung Into a Asl3 million (5523.8 million) deficit In July from an $8 million surplus in June. The Statistics Bureau said the deficit compares with a $129 million trade surplus (revised from $127 million and
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    Lock icon Two reasons for an Opec price increase
    720 12 NYT THE US dollar's sustained decline and the resurgence of double-digit Inflation In the United States hare Intensified pressures for a price increase on crude oil, and one should be expected by the end of the year, Mr. All Mohammad Jaldah, secretary general
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    OIL FOR GOODS
    148 12 NIGERIA Is prepared to negotiate long-term pricing agreements with buyers to check the decline of Its crude oil exports, said Colonel Mohammadu Buharl. the new president of the Nigerian National Oil Company. He was also quoted in an Interview with London's Financial Times as saying that Nigeria
    148 words
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    LONDON STOCKS
    768 12 LONDON, Thurs. Shares closed mixed today after profittaking reduced or erased earlier gains, while government stocks closed steady to firm In fairly quiet trading. At 3 pm tne Financial Times Index was down 0.4 at 515.8. Long dated government bonds were upto 1/4 point higher. Mining shares recovered
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      40 12 Announcement Scandinavian Bank Limited are pleased to announce that effective Ist August .1978 Mr. Ronald Lowenthal has been appointed Regional Manager and Representative Of Scandinavian Bank Ltd. a ■para Repreeewfative Office 2402 Clifford Centre, Raffles Place, Singapore 1. Tel: *****2.
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      156 12 COLLKTINQ Oriental Anticnej by Judith Moorhouse and Dries Blitz H3 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 telleved thatthey are too expensive for the average collector. This myth Is perpetuated by all
      156 words
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    SHIPPING TIMES
    2918 13 «nmnita A guide to ships loading at Singapore for Ports around the World The fouowtaf list übulßUs, by port of dMOnaUonUatnuMOf Uw ship, the ahlpplM IKm tnvotod, sod Um —timsud dates of arrival and dapartur* from Sinfapor* port I t CNWttaM HwMffc baa a Jstat ««M vruvoMot wttb
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      392 13 Scan Dutch V Pact .and Regular Service To/From N,C./SCAN/W.MED./U.K. Sing«pof«;Tfll. *****, Port Keteng: Tel. *****1. Kuala.Lumpvr T«h. *****, Pawmg Tel ***** I SHIPPING v ALFRED C. TOEPFER GMBH REGULAR UMftER SERVICE TO MEDITERRANEAN POtTS OF HILT, SPAIN, FIANCE. u TENTO ETA S'pm It A*. tar Satanw «.v. SELINOA ETC P.Klm|
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      283 13 SHARJAH SHIPPING :0 LTD ji 'to :s*e GULF SHIPPING LINE U« '(D AASg -Mittr'S si.: ms' J*, S>-»» ahi 5-, -pp .hg 'S p i'o 31'IN'I; "i, K'nn 'too' *r>m( H o f Bit «jaia IUMC.t ;x 1 (f p i.i'C St S pc-e 'SisNr C'Su- V n.j 'f. 9i'
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      320 13 Seatrain Full Container Service to USA Fcoam r* moticim m m una i/c A VESSEL SMirwi -J- »/l 1/9 6/1 14/1 11/1 ma *157 A VESSEL lift S«*wlw*«r M *1/1 19/1 29/9 7/1Q Full Container Service from USA MOTHER m i/c MF OAR LA MR FEEDER VSL STOK S«lr*n 11/7
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      235 13 vt LORD STEAMSHIP CO. S.A. TMNR/tTRMtS/TARRNI OPUS lIKI SOMCf PHILIPINE ACE LINES INC. ALVIMHAVE r.ttUM PENAM LOAOIMFOR: 22/ a ta|| KaaksM^/KMlw^ STRONGWILL ENTERPRISE (PTE) LTD 34 C U ,4., NAMYANG LINES REGULAR IWN-CONFERENCf SERVICES FAR EAST TO MEDITERRANEAN S'Btra P MMM UNIQUE WINNER V. Id ISA* 19 P. Satf/RrtratAJtt**/ Pimm/IstaaM/Tripoli/
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      20 13 To/From AH Parts off tho World Singapore: Ta» *****, Port Kalang: Tal. *****1. Kuala Lumpur. TaL *****. Panang: Tal. *****
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      607 14 SHIPPING If Hapag-Uoyd FULLY CONTAINERISED TO EUROPE Oufcj M Mim>im Eipms Ujm Him KMriMfl Uj Sparc r KKjnf fen Brites Btmt H'tafj Tlhwwim IC/I 18/9 V» 21/5 Muntltrijnd 20/8 5/9 16/9 HoKtmttHi 6/9 8/9 30'9 26/9 6/10 30/9 i9/m i/ii FittMmtaM 14/10 31/10 13/11 FULLY CONTAINERISED TO GENOA/TRIESTE Sport PK«i*i|
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      426 14 BBS barber blue sea Franc US ATLANTIC US GULF ft EAST CANADA I T«iyt* T.r* PtaM ImM S«M »"111 uM A«2l SwtM A*" sm ta| 12 *»|25 S»« NV< S(*t »/21 i/2 st*w u* 23/25 una Sept 14 MX S«*ls Od 2 St* II Od 4 fcft 21 Oct t
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      673 14 SEA iLAND U.S.*./ ASIA SERVICE NT REFRIGERATES CONTAINER SERVICE SMUM EVERY t—OMT FOR CAMAOA, CAHMCAN. JAPAN. KOREA. TAMM. HONG KONG. TMAIIANO AUD PtNUPPtNfJ VESSEL/VOYAGE Vessel Lr Arrives/Departs 7.HP11 WORLD LION V 6 m 17/11 A u( IC WORLD TIGER Y7 A* 24/25 A., 23 WORLD LION V 7 WORLD TIGER
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      702 14 Burnw Five Star Shippmf Carpn. |Hk "BURMESE NATIONAL LINE" T LOADING FOR RANGOON GOLKK KU 14/15 BFS S C Agents in Malays* TEPS MALAYSIA Port Kelani TH (38) 7355 Penanf Tel *****/***** Compami Aryantina O* Navapaaon Intarcantinantal S. A. C.I. F. "ARGENTINE NATIONAL LINE" 10MMNG FM DURBAN CAPETOWN BUENOS AIRES
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      465 14 <v J > V I R I I I I \H m Orient Overseas CantoineA. Line inanM7« omental chief iw 1 SEAS BMOCE 170 OMENTAL KSEMCMEI i I NEPTUNE COMM. M CHEVALIER PAUL 12* ctKwuaaoa im NEPTUNE PEAM 11H rpan fJMMC Mm I* Port 12/1 21/8 31/1 2/9 4/9 6/1
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      997 15 QCL Overseas Containers Limited r\ ctmimsa* service to N/cturiMUT M ktrf S pore P Kelinf D mark I) << 7St#t It taf 11 Atf KStft m >7 tag II Sept HWGRONC MPIISI I Stft IB Stft lITNM MAftU 4 Stft 74 Stft U«LNP lAY 11 Stft 11 $**t 4 *Ct
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      988 15 Tt M/CMTWCm (V* lad P lIUM Hwf low 11,15 Aa| <•/*• I Sift leiMtei Onlao. *»«•<« IWI. OENCRUACNiN lilt* Oct 12 Nat Leiioes. Bilbao Aaster Null U SEA FOATS LYCAON 11/13 Sift IMOM. AoaOa (Accepting FCL entailers >•( kreakkalk U'l l FROM M CONTIMNT (fi» Salt) San* Eiroo* Penar.g p
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      944 15 BEN LINE CONTAINERS LIMITED EK§ lUWI MM 14 Uf NIU Uf I* ■(•ivM a HKUK Eintst i JW lITAM MARU kiwi mm iay 11 San imti bay a San ■(Will »w CAIBICAN MT 1 Oct H gunt IKAYtN R IMK: G Ntwi bmn Sa>lH U>M lilm Mara Sa'laa S»tM Karaaa
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      965 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA ftMri Oam P. Hale* Knul FOANCESCI 11/ I NINON IUUMI funcesca (UIMU cuuiM It/ I MO OEIIMA ni 0 TOY AMI 0 ROMttAN 111 0 MO NOOTMAN tft b Mseilles 2 3> Hbarf 4) a»| ii/O it. o
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      598 15 GUTHRIE BOUSTEAD s A^~s THE BANK LINE LTD. LMK FM L &S. AFBICA UdHIKt {Mavritiav Reiin.on tx_. P.E., Cipctown) M'wf S po" Jl ma (Mi i t«mi tmu MSANNE »l« **"*>l nm kn LISSIEIAN* P»WM p S express sonnet imect fbbm sinmpne TV nr BBLEAJB. MMI MMSTBN. ML VESTML ALSO
      598 words
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      760 16 L K line KAWASAKI KISEN KAISHA. I.TD. to mun S'pure P Kelang I.Havre H burg Bremen 9 3am iuhiih Ml It Put 12 ta| 31 2 Sept 3 Sept 4 Sept 8 Sept ORIENTAL CRIEF IBV 18 An U $«P l 11 Sept 13 Sep» SfIBBM MilCf 17* 24 tal
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      839 16 E.C.-U.S.A./ATLARTIC/CRLF SERVICE ACCEPTING fCI/Ltt CONTAINER FOOM SPOK, P. SUMS. PfNAK Hr NBBFBU INI RRUANS. NMSTBN Singapore P. Mm bum fwn HUU E.C./GREAT LAKES SERVICE u~, H. «■ST "SK. *w tstUkab Betrait. Ckcw CALIFORNIA/PACIFIC NORTH WEST SERVICE Laa*n far: IK ANGELES SAM FRANCISCO, SIATTU. TACB*A, WKMni. B.C. k«n»"« P-»* «t Sm**»
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      810 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: to eprofe tvu smd* S port r khmi f VEKATM IIW *N MIENTAL CNIEft .0 An ll** '«J j'U SEVEN SEAS MIISC 24 An 25 An ij 23 St* 24 Stpt I OOIENTAL OESEAKNEt M 1 Stpt 11f# ,*2 NEMORE COtAL 12 Stp<
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      340 16 M4l r&AN INTERNATIONAL SMPMNG CORPORATION tCRMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM KIED/UKfCONTINENT/SCANOINAVIA VIST MM: VttMl Ttoit I) > Ntart Ow'| win. L tan. »<mm BMM, Mt, 1) 'Iccaptai inn cvp far Mv m I'para. CAST MM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT r m m p*«mi ummi i«r> la Pot 14/11
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      707 16 INTRASEA (PTE) LTD. f INMPfNKNT SEMI/FVU CBNTAJNCR SERVICE Tl II Sim p. k»M| M'bur| R B»m Boulofiw M: t 11n i mtuhi (pte) in t ihi ni uwfiN t tuiik-mm, mm Ham mtu emtu hamtmn mm im Mil. si Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P. Kelaag LaaAa( trSMUT SYHIEY V.
      707 words