The Business Times, 12 August 1978
1978-08-12
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12
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The Business Times
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Title Section10 1978-08-12 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, AUGUST 12, 1978 50CENTS10 words
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BRIEFLY...
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Article61 1978-08-12 1 THE AVERAGE discount rate for 91-day Singapore Treasury bills at the latest tender was unchanged from last week at 3.260 per cent, the Monetary Authority of Singapore said yesterday. MAS said applications totalled $72 million for the $20 million of bills on offer. About 18 per61 words
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Article63 1978-08-12 1 Reuter. THE RISING value of the yen may accelerate inflation in Asean and Burma, Australia and New Zealand. Japanese Minister for External Economic Affairs, Nobuhiko Ushiba, told the Cabinet yesterday that the leaders of these eight countries had expressed concern to him during a recent tour thatReuter. - 63 words
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Article83 1978-08-12 1 Reuter NEW DELHI, Fri. The Indian government announced the lifting of restrictions on Imports of gold for manufacture ol Jewellery for export provided the jewellery Is of a minimum 14 carats with an added value over the pure gold content of at least 33.33 per cent. UnderReuter - 83 words
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Article84 1978-08-12 1 AP. WASHINGTON, Frl. Four US oil companies and Chinese officials are attempting to negotiate agreements for sharing development of China's vast oil reserves, the State Department confirmed today. Pennzoil, Exxon, Union Oil and Phillips Petroleum are negotiating with the Chinese, who have both offshore and onshore reservesAP. - 84 words
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Article69 1978-08-12 1 UPI. TOKYO, Fri. Japan Is likely to record a trade surplus of well over US$2O billion (Ss46 billion) in fiscal 1978 ending next March 31 against an earlier prediction of $13.5 billion, the Ministry of International Trade and Industry announced today. The forecast was preceded by anUPI. - 69 words
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Article79 1978-08-12 1 AFP. WASHINGTON, Fri. A House-Senate conference committee has approved a US$l.B-billion (Ss4 billion) United States' contribution to the "Witteveen facility" set up by the.lnternational Monetary Fund. This will pave the way for congressional approval and activation of the new fund by the IMF. The $10.5 billion facility, createdAFP. - 79 words
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Article77 1978-08-12 1 AP NEW YORK, Fri. The stock market turned mixed as yesterday's erratic movement carried over into today's early trading. Near mid-session, the Dow Jones average of 30 industrial stocks was up .69 at 886.17. Analysts have pointed to profit-taking by institutions, major buyers in last weeks rally, asAP - 77 words
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Chief Price Changes
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Article133 1978-08-12 1 Rises Most active MTC ST P 1975 Petaling Nat Iron Shangri-La Carlsberg 885 720 700 570 410 580 +60 20 +20 +20 +20 15 UOL UOF Haw Par Sime Darby UOB 926,000 577.000 490.000 366.000 318,000 V Sugars 344 14 Total Turnover: 10.79 m M Banking 460133 words
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Article, Illustration166 1978-08-12 1 Rises Most active Sg Best 6.60 M Tobacco 9.10 Malex 3.50 East Asiatic 3.66 Tronoh 7.20 OCBC 10.10 AHltamTln 11.00 Nat Iron 5.85 Sanyo 3.78 Supreme Corp 2.43 UOLand 1.45 Foils FE-Lston 3.10 Aokam 3.90 FandN 6.20 .45 .45 .30 .26 .20 .20 .20 .15 +.14 .14166 words
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Article890 1978-08-12 1 WANG LOOK KEAH - NATIONAL IDENTITY FOR GOODS By WANG LOOK KEAH WITH the recent formation of the Trade Development Committee, Singapore is ready to intensify its trade drive. This was the indication given yesterday when the proceedings of the committee's first meeting were released. One new measure890 words
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Article223 1978-08-12 1 THE PACE of Malaysia's economic activity strengthened in the first three months of this year, compared with the same period last year. The quarterly economic bulletin of Bank Negara reported this was achieved despite unfavourable weather which adversely affected the output of commodities like rubber, palm223 words
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506 1978-08-12 1 FONG MEW LENG - By FONG MEW LENG SINGAPORE and the other Asean nations are expected to approach Japan on a bilateral basis for more tariff reductions when the Multi-lateral Trade Negotiations (MTN) resume in Geneva early next month. The tariff reductions offered to Asean as a group506 words
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Article240 1978-08-12 1 THE PRICE of gold shot above US$2lO an ounce for the first time yesterday In feverish trading on the London bullion market as the US dollar hit new lows against the mark and the Swiss franc. Two weeks after breaking the $200 barrier, gold touched $210,375 in240 words
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309 1978-08-12 1 THE recent US-Asean dialogue in Waahington haa resulted in tho-two aidea taking few steps abend in cooperation, said the Foreign Minister 8. Rajaratnam, yesterday evening. Mr. Rajnrntnnm, who returned home yeaterday after the talks said that the meeting was essentially to lay the309 words
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692 1978-08-12 1 KSR. RELISTINO of Pegi Malaysia shares on the Stock Exchange of Singapore yesterday brought utter confusion to the market and left some 40 investors cursing the stockbrokers and remisiers who had inadvertently allowed them to burn their fingers. The SES hadKSR. - 692 words
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Page 1 Advertisements
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Advertisement14 1978-08-12 1 Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. I14 words
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Advertisement35 1978-08-12 1 Samson itc creates OMEGA From the sleek new lines of the exterior, to the hiqh-performance interior functional design becomes a fine art in Omega See Omega, and you'll want to own it *B*Samsonite Eastern Agencies35 words
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Advertisement80 1978-08-12 1 Leader Page 6 mm SECRET of succfcesftil THE world finds solace in (old 7 marketing in Indonesia 2 METAL Box explains that deal WILL the days of the 11 5 P 1 22^L'* l !L ,heAm,rtc NEw^L^uViu^' beer industry 6 Seapcentre in Tokyo 12 LETTER from America: Hie ASIAN 9:80 words
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Advertisement250 1978-08-12 1 MACHINERY VALUERS Awwaisal Gmavr C An THE PROFESSIONAL TFL 5?9?F5 7 ASIAN APPRAISAL CO PTE LTD Suites 702 704 Supreme Penang Rd Indonesia and Malaysia Thailand and the Philippines to the rescue The latest issue of the ASEAN Business Quarterly is full of interest for the businessman (or woman) who250 words
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TRADE AND INDUSTRY
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533 1978-08-12 2 FOO CHOY PENG - ■y FOO CHOY PENG EXPORTERS trying to penetrate the Indonesian market will need a great deal of patience. The uninitiated will find It a very trying experience when screening and appointing Indonesian agents for their product lines and complying with the relevant533 words
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Article87 1978-08-12 2 AFP. THE DENYO Company Ltd. of Japan has started a trial run of its electric generator plant In Bekasi, 20 km east of Jakarta a company spokesman said. Mr N. Ikegami of Denyo who is now here with 20 directors of Japanese companies producing electric generator componentsAFP. - 87 words
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Article178 1978-08-12 2 AN attempt to increase its market share here, Esso will equip more service stations with electronic pumps and embark on several promotion campaigns. The latest issue of Esso Singapore News reports that two service stations have recently been equipped with electronic pumps and six more will be similarly178 words
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Article106 1978-08-12 2 THE MINISTER for Education and Home Affairs, Mr Chua Stan Chin will open the 10th Singapore Festival of Books and Books Fair on Aug. 26. "Hie 10-day fair will be held at the Crystal Ball Room and the Annex of the Hyatt Hotel. The theme106 words
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Article, Illustration207 1978-08-12 2 THE Singapore Institute of Standards and industrial Research (sisir) has published Its second edition of the Sincapore Buyers' Guide 1V77/7S. The 83-page directory rwitiha information of nompeeliia and products covered under the four quality certification achemes maintained by Siair: the scheme, the quality certificate scheme,207 words
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Article, Illustration114 1978-08-12 2 A MALAYSIAN trade delegation led by the Deputy Minister of Trade and Industry, Datuk Lew Sip Hon (above), will visit the Soviet Union, East Germany, Poland, Hungary, Yugoslavia and Rumania from Aug 25. Datuk Lee said that the buy-and-sell mission to the the East114 words
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459 1978-08-12 2 RAHIM KASSIM - h RAHIM KASSIM THE TRADE union movement in Singapore 15 the focus of study for five union leaders from India during a three-day stay here. Mr. R.N. Bhargava, general secretary of the AllIndla Reserve Bank Karamcharl Federation, said that apart459 words
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Article220 1978-08-12 2 JAPAN Is expected to have 6 million tonnes of surplus rice this autumn due to an imbalance In production and consumption, the Agriculture, Forestry and Fisheries Ministry said yesterday. The figure Is well over the earlier forecast of 5.3 million tonnes for this year and the standard220 words
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Article, Illustration138 1978-08-12 2 THE MAZDA RX-7 which caused a sensation in Japan and the US recently, will be exhibited at the Singapore International Motor Show '78 later this month. Mr. Milton Tan, president of the Singapore Automobile Association and the National Safety First Council, will open the show138 words
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Article221 1978-08-12 2 AP AT LEAST 10 large Hongkong factories are on the verge of concluding agreements witn China to set up profit-sharing Joint ventures In southern China, the Hongkong Standard reported yesterday. The English language Standard said the Hongkong factories would be providing mainly technological know-how, management skills andAP - 221 words
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Article106 1978-08-12 2 THE Singapore Science Centre has introduced a scheme to promote continuing interest In science and technology among the school and adult population In Singapore. Known as the Friends of the Science Centre Scheme, It will entitle student and adult friends to Issues of the Science106 words
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Article529 1978-08-12 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 12: Group dynamics for managers, SIM, SIM. Aug 12:529 words
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Page 2 Advertisements
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Advertisement263 1978-08-12 2 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 second263 words
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Page 2 Miscellaneous
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Miscellaneous620 1978-08-12 2 CRYPTIC PUZZLE ACROSS 3 Attempt* on the goalie'* life? (5) 8 Distance to wander (3) 10 An anaesthetic or three? (5) 11 With a hundred advanced? 12 Transport air, possibly. In a kind of pipe! (5) 13 His heir Is entitled to be like him (7) 15 Sex-appeal girl In620 words
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OVERSEAS
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687 1978-08-12 3 Reuter AMERICA'S basic money supply Ml current accoun deposits and currency In circulation increased a moderate US$l.l billion (SS2 53 billion) in the week ended Aug. 2, the Federal Reserve Board reported on Thursday. With this increase. Ml growth continued to decelerate,Reuter - 687 words
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302 1978-08-12 3 Reuter. GERMAN Finance Minister Hans Matthoefer said he intends to increase the Federal investment spending quota when planning his next budget. He said he wants to further encourage innovation. research and development of new technologies in all areas in order to aid prospectsReuter. - 302 words
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Article, Illustration110 1978-08-12 3 A PILOT model of the US Army's new heavyweight tank, the XM-1 gets its first aerial ride in a Lockheed C-5 aircraft on a delivery flight from Selfridge Air Force Base near Detroit, to Dobbins, Georgia. The 59-tonne behemoth, being developed by Chrysler Corporation, will be the110 words
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Article152 1978-08-12 3 AFP. THE POPULARITY of President Carter has now dropped to the point where an estimated 50 per cent of Americans believe he should not seek re-election in 1980, a public opinion poll showed. The poll, carried out by the Associated Press and the NBC television network,AFP. - 152 words
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WORLD IN BRIEF
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Article530 1978-08-12 3 Agencies. LOANS BY American chartered banks to foreign governments may be limited to 20 per cent of each bank's reserves and capital. This Is not as restrictive as the Currency Comptroller's original proposal made early this year that loans to any one government could j aggregateAgencies. - 530 words
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1075 1978-08-12 3 POLITICIANS yesterday studied Implications of the French Peugoet-Cltroen group's takeover of all the European subsidiaries of the US Chrysler Corporation. The French Industry Ministry welcomed the deal, which makes Peugeot-Cit-roen the largest European car manufacturer with about 18 per cent of the market.1,075 words
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407 1978-08-12 3 A SMALL decline In holdings of marketable US government securities for foreign and International accounts held by the New York Federal Reserve Bank reflects continuing moderation In purchases by foreign central banks this quarter. Analysts said the Fed at its weekly press briefing said407 words
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Article118 1978-08-12 3 RCA CORP has introduced an expanded line of "Selecta vision" projects, including the firm's first colour TV cameras for home use. The new line of cameras, which will enable consumers to film their own shows at home in colour with a built-in microphone that records sound118 words
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174 1978-08-12 3 Reuter. A SOUTH African platinum producer price of around US$25O to $260 (***** to $598) an ounce, up from the E resent $240, is expected efore the year ends, industry sources said. They are generally bullish about the short-term market price prospects.Reuter. - 174 words
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332 1978-08-12 3 Reuter, AFP DENMARK'S 30 billion yen (***** million) 10-year, 6.7 per cent bond will be Issued on the Japanese capital market this month priced at 99.25 per cent to yield 6.826 per cent with payment to be made by Aug 25. Japanese securities sourcesReuter,; AFP - 332 words
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Article250 1978-08-12 3 Reuter. THE US International Trade Commission voted to recommend that a quota of 272,160 tonnes of copper Import be Imposed as relief for the domestic Industry. Four commissioners voted to recommend the imposition of quotas for five years from last Jan. 1. Two other commissioners did not participateReuter. - 250 words
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309 1978-08-12 3 AP. THE managine director of Flat Canada Ltd., Mr Umberto Gabbl, said on Thursday that importers are asking how the Russians can sen their Lada Mode) car in Canada for C 53,495 (559.059) when it costs more than $8,000 in the Soviet Union. Lada CarsAP. - 309 words
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Page 3 Advertisements
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Advertisement54 1978-08-12 3 m.v.' VISHVA KALYAN" VOY: 35 arrived Bth August. 1978. at P.S.A. Godown No. 18. General Survey of damaged cargo ex the above vessel will be held on Monday 14th August. 1978. as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agenta:R. JUMABHOY SONS54 words
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Advertisement212 1978-08-12 3 Straits Steamship Company Limited Incorporated in Singapore Interim Report to Stockholders The Directors advise the following unaudited results of Hm Group Company for Hm six months ended 30th June, 1978: Half Year to 30th June Group Company I 1977 I*7S 1 75 586 6^6 Group sales, which do not include212 words
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RAW MATERIALS
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Article513 1978-08-12 4 THE Singapore market closed slightly higher with September One RSS buyers quoted at 233.25 cents per kilo yesterday, up 1.25 cents from Thursday's close. Morning prices were marked up 0.75 cent on higher London advices, speculative buying and forward demand, they said. The afternoon session was513 words
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Article307 1978-08-12 4 R.A.S Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. Sept Int. 1 R.S.S. Oct Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 233.00 233.50 233.75 225.00 224.00307 words
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Article97 1978-08-12 4 NOON SSR and S.MR prices yesterday: HAS Septa ■bar October (Cam* t Mth) (Forward Mth) Buyer* Seller* Buy* ra Seller* 4t01 (c*nU per kg) (ee Per kg) SSR 20 <1—ton Pallets) 211.00 213.00N 212.00 214.00N SSR SO (1—ton Pallets) 209.00 211.00N 210.00 212.00N MRELB Septal ■tar October97 words
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Article76 1978-08-12 4 C.I.F North European ports, in US dollars per ton unless otherwise stated LONDON: IVanday Pmlm Malaysian 5% f fa bulk per tonne October Sumatra 5* (fa bulk August September October November December Nigeria 5% ffa bulk stg ROTTERDAM: Sumatra Max 5 August/Sept Zaire (Belg francs per kilo) 55176 words
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Article30 1978-08-12 4 Rubber: Aug 11 Singapore: Sept 233.25 cento (up 1.25 cents) Malaysia: Sept 238.00 cento (up 0.25 cent) Tin: Mil,750 (up 15) Official offering: 207 tonnes (down 13 tonnes)30 words
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Article112 1978-08-12 4 BANGKOK rice prices were unchanged yesterday. The Hongkong market fell slightly yesterday with prices up to 1.50 cents lower, dealers said. Turnover totalled 331 tonnes comprising Thais 99, Kwangtungs 142 and Australias 90. There were no arrivals. (All prices In HK dollars per plcul ex-godown unless stated): Thai White112 words
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Article82 1978-08-12 4 LEAD gained £1 for cash and £0.25 for Three Months in London yesterday. The background of recent producer price rises and the trend In copper held values steady although weekend Eroflt-taklng pared prices iter. Stocks have expected to be marginally lower this week. Sales were 1,800 tonnes. Lead on82 words
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Article299 1978-08-12 4 PRICES remained unchanged on all commodities on the Singapore produce market yesterday. Oil millers said they received some Inquiries but no firm transactions were made on the dav. The European market for soybean and palm oil was steadier which accounted for the show of buying Interest in coconut299 words
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Article167 1978-08-12 4 THE sugar market closed about 0.15 US cents higher In continued quiet and featureless trading yesterday with 15 lots traded. The Hongkong dally spot sugar price rose 0.15 to 7.30 cents, In line with previous New York September close of 7.30/31. Sugar futures doting prices: Closing Previous Cloiing167 words
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Article190 1978-08-12 4 YARN and cotton In Hongkong dollar*, spot exgodown Cottoa Yarn: China Blue Phoenix 1.796. 32'* 2.270, 40' i 2.349 (per bale of 400 lba) Piece Goods: China Butterfly and Olobe brand una. Dragon Head una. Five lambs unq, Flower and Butterfly una. Flying Geese unq (per piece 36190 words
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Article262 1978-08-12 4 ROBUSTA terminal opened €37 to £17 per tonne higher in London yesterday. Turnover totalled 658 lots. Commission house buying and dealer short-covering pushed prices upto £40 higher during the opening call despite the strength of sterling against the dollar. Profit-taking pared gains slightly at end call. Dealers said continued262 words
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Article382 1978-08-12 4 SOMETHING of a recovery was noted this week as a sagging tendency became arrested by better than anticipated physical demand for nearby to improve levels about three cents on balance. A Washington report that the OSA Commodity Stockpile BUI had been deferred indefinitely brought about a bearish382 words
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Article168 1978-08-12 4 CHICAGO wheat futures gained one to 2V» cents a bushel In light trade at mldsesslon on Thursday. Traders said prices firmed on a lack of commercial hedge selling due to light country movement. Deferred months advanced on the recommendation by a group of Congressmen to the Carter Administration for168 words
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Article133 1978-08-12 4 CHICAGO soybean futures closed up 2-K cents to off one cent a bushel. Traders said commercial selling pressured prices In the final minutes but heavy buying of the November by an exporter rallied prices &t the close. Local short-covering ahead of the Usda crop production report and scattered exporter133 words
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Article247 1978-08-12 4 THE Straits tin price In Penang yesterday was Mi 1,750, up 15 from the previous on a turnover of 207 tonnes. Tin was mostly unchanged In both contracts in London yesterday. Values hardened In early dealings under bear covering prompted by a similar trend at Penang and expectations247 words
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Article361 1978-08-12 4 SUGAR futures opened £0.55 to £0.25 per tonne down from Thursday afternoon closing levels In a turnover of 997 lots In London yesterday. Prices eased back slightly under commission house and local selling and profittaking prompted by the strength of sterling against the dollar. However, selling was met by361 words
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Article201 1978-08-12 4 TERMINAL cocoa finished the first call with losses from Thursday of £9.50 to £3 although prices had dipped during the call by as much as £11.50 In London yesterday. Dealers said the market's relative steadiness In the face of stronger sterling could be attributed to recent sentiment. This, they201 words
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Article247 1978-08-12 4 COPPER wire bars finished yesterday morning £5 up for cash and £4 for three months In London. The market was boosted i by covering prompted by the sharp producer price rise by Phelps Dodge and news that they were sold out of copper through Sep. Another main factor was247 words
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Article228 1978-08-12 4 Silver on Thursday on the LME lost 0.8 to 1.2 pence per troy ounce. The market rallied during the afternoon on shortcoverlng prompted by the turnaround In US futures which offset the Impact of steadier sterling against the US dollar. Three months traded upto 291.1 penc before profit-taking pared228 words
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Article395 1978-08-12 4 THE bullion market In Singapore opened at $15,213 and closed slightly lower at $15,183. Prices were generally lower after opening. The loaest of the day was $15,158. The tone was very quiet. On the spot gold for London delivery market was active In the morning but eased off to395 words
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Article35 1978-08-12 4 ZINC was £1.5 higher for cash and £0.75 up for Three Months In London yesterday. Steadiness relfected US and European producer price Increases with shortcovering and Influential borrowings featuring ring dealings of 5,950 tonnes.35 words
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MONEY AND EXCHANGES
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Article588 1978-08-12 4 THE US dollar continued its fall against the Deustchemark on the foreign exchange market yesterday. Meanwhile, in the yen counter, dealers resumed their activities as there appears to be no move on the part of Japan to curb the yen's appreciation. With the general lack of confidence in588 words
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Article179 1978-08-12 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on Aug 11: ITS Dalian (SmO <>ffar Bid 7 days 1 mUi 2 mths 3 mths 6 mths 9 mths 12 mths 8 1/16 .85/18 .85/18 -•11/18 811/18 .813/18 .815/18 715/16 81/2 83/16 5/16 80/16 011/16 813/16 8«. Fn.179 words
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Article42 1978-08-12 4 RANOE of price* offered by discount houses on Au( 11: Overnight Call deposits 3*% Quill Buyinf 3-month SaUiaf Treasury bills 33/8 31/4 3-month Bank bills 6 57/8 3-month CD (1/4 61/8 6-month CD 0 5/16 63/16 Source: National Discount Co Ltd.42 words
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Article21 1978-08-12 4 THE average rat* at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.21 words
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Article27 1978-08-12 4 RESULTS of tender held yesterday for 91 -day Treasury bills: hi Ji—A—UteU oa"* 1 OB 000 QOC "mm «J0 ooo ooc 5:n MdarnluU Avtciftriurf27 words
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Article241 1978-08-12 4 THE dollar fell sharply against major currencies, with the mark showing the most strength against the US unit, dealers said. At one stage the mark rose to a New York record 50/70 cents before slipping later to close at 50.62/66 cents against an opening 5.29/34 Trading was active,241 words
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Article212 1978-08-12 4 THE dollar encountered renewed selling pressure at the London opening yesterday following its overnight fall In New York with fairly substantial demand noted for marks, Swiss francs, yen and sterling, dealers said. The mark gained to around 1.9660 mid point from 1.9760 overnight, and the Swiss franc to 1.6610212 words
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Article180 1978-08-12 4 THE US dollar for overnight delivery closed at 186.80 yen, up from a 186.00 opening yesterday. The dollar fluctuated nervously In fairly active late trading, after easing in early trading to a day's low of 185.90 yen on selling by foreign banks to buy yen following the US unit's180 words
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Article135 1978-08-12 4 Euro rates LONDON Eurodollar deposit rates were steady and little changed from Thursday's slightly higher closing levels In quiet pre-weekend trading yeserday. Among periods, One Month was adlusfed ?/16 higher to 8-11/16, 8-9/16 on a frlday end of the period technically, while Four Months rose 1/8 poln to 85/8, 8-1/2135 words
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Article38 1978-08-12 4 FRANKFURT exchanges opening quotes on Aug 11: US 1.0075/06 Can 1.7300/7400 Sterling 3.002/072 D F1 0?15/25 S Pr 110.53/73 Ut 2.302/372 P Pr 46.70/00 N Kr 37.75/05 B Pr (con) 0.M3/3S3 B Pr (fin) 0.101*01 Yen 106.00/100.0038 words
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Article44 1978-08-12 4 ZURICH exchanges elating quotas on Aug 10: US. 1.0796-4810 bnfisar D Kr 30 .0613 MM N Kr 32 1006-221# 8 Kr n JOT-0001 ut o 2103-3010 A us SCh 11.7777-7000 Port 3 7230-7300 Spain 2 2254-2283 Arg 0 21-0.31 Yen 0 0001 000044 words
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Article34 1978-08-12 4 BANKNOTE rates quoted yesterda# US 4 006/4.605 UK 0.10/0.30 Burma 1.20/1.70 India 4.30/4.70 Indonesia 1.00/1.12 Japan 2.51/2.52 Korea 0.30/0.02 Philippines 0.505/0.006 Singapore 2.00/2 10 Malaysia 2.02/2 M Brunei 1.06/2.00 Thailand 23.10/23.30 Taiwan 12.76/12.0634 words
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Article46 1978-08-12 4 AUSTRALIA/ New Zealand exchanges quotas on Aug II: US dollar 1.1027-1.1570 Sterling 0.5074-0 9006 Ninety-day air mail buying rates: Sterling 0.0170 US dolnr 1.1002 N y -<u yjtorward buying rates USdo&r 1.1500 NSW ZEALAND surtax o.Mtiyo.Mii US domr 1.0000/1.0000 N mety buying rates: 5®d3£r 1.600046 words
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Page 4 Advertisements
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Advertisement176 1978-08-12 4 c oo^° cV •JS-jffV* The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive176 words
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TRANSPORT
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Article, Illustration800 1978-08-12 5 TERESA LIM - By TERESA LIM LIGHTERS or tongkangs as they are locally known, may not remain long as a quaint feature of the Singapore river scene. For generations these open flat-bottom wooden boats provided essential services to snips that call here but have little cargo800 words
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Article194 1978-08-12 5 BIBBY Line will be the first company in the UK to receive official help under the British government's loan moratorium extension schpme. According to reports, an announcement will be made within the next fortnight as a few more details have yet to be194 words
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581 1978-08-12 5 AIRPORT officials throughout Europe and North Africa took measures to reduce chaos and passenger discomfort as French air traffic controllers resumed their work-to-rule. The strikers accused French airport authorities of exacerbating the chaos during the recent work-to-rule, and justified their demands for better working conditions581 words
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Article608 1978-08-12 5 ARRIVALS Service Local Operator Number Time From MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU608 words
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244 1978-08-12 5 UPI SOME 7,500 PanAm reservations, cargo and ground personnel reached a tentative agreement with the international carrier two days ago, thus averting a full-scale shutdown of Pan Am's domestic operations. The airline and the International Brotherhood of Teamsters' airline division announced the settlement onUPI - 244 words
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Article179 1978-08-12 5 UPI A RECENTLY quiet ore trades provided the main feature on a generally drab market on Thursday. Sidemar fixed the bulk-oil carrier Vanessa from Port Walcott to Taranto with 95,000 tons of ore on end August position at U556.95 (FIO) while the British Steel Corporation worked 76,000 tonsUPI - 179 words
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Article92 1978-08-12 5 Reuter. CHINA and Britain have agreed on further discussions for a bilateral maritime agreement, Informed sources said In Slan, China. The talks were expected to include protection of British interests in Hongkong, access to ports, the avoidance of flag discrimination, most-favoured-nation status In maritime affairs, treatment InReuter. - 92 words
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Article39 1978-08-12 5 Reuter. AIR France announced that it will start a supersonic service to Mexico next month. Air France's concorde, now flying to Washington thrice a week, will fly on to Mexico twice a week from Sept 20. Reuter.Reuter. - 39 words
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Article, Illustration399 1978-08-12 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Eastern Poseidon (1500) 25/28 Kaptanlkos (1500 after Kalkoh Maru) 5 Nedlloyd Fremantle (after Nedlloyd Hongkong A 1 Sallmiah) 3/4 Sanel Maru (after Alia) 13/14 State Of Trlpura (after Mltlschl) 45 Straits Hope (1400 21 Vlshva Chetana (2300 after Christian Maersk) 10/11 PASIR399 words
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Article96 1978-08-12 5 CHINA bought over 100 second-hand ships during the past year, either for the domestic fleet or for operation under a "convenience flag," H.P. Drewry, London-based shipping consultants, say in their latest review. The Chinese are now making a concerted effort to build up their bulk-cargo carrying capability,96 words
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Page 5 Advertisements
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Advertisement207 1978-08-12 5 Drewry crease In bulk trade, Mathematics and Statistics in Penguins Statistics in Action: Peter Sp rent 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 who207 words
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Article355 1978-08-12 6 A NATIONAL identity for our goods la essential If we want to establish ourself as an exporting country. All Industrialising countries tend to hide behind foreign labels for a while, but there is no reason to ao so when Industrial development is making headway. The guiding355 words
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Article261 1978-08-12 6 PROMOTION centres have their value when they are active. It Is often familiarity with a name or a place that will mark a product out for the consumer. To this end, it Is certainly hoped that the new Japan-Asean Cooperation on Trade, Tourism and261 words
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Article, Illustration1341 1978-08-12 6 WILLIAM CARLSEN - The marketing battles have left a number of casualties among the small breweries By WILLIAM CARLSEN NYT. FOR those who get nostalgic about beer, there is a beloved time in the foam-rich past when American beer was a hearty drink Imbibed mostly in congenial taverns and theNYT. - 1,341 words
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Article, Illustration993 1978-08-12 6 John Tan - LETTER FROM AMERICA byl John Tan ALLAN Bakke recently won a place In history books following his suit in the Supreme Court charging a California medical school with racial discrimination. Mr Bakke. as many will recall, is a white engineer displaced from a place in the993 words
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Page 6 Advertisements
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Advertisement351 1978-08-12 6 405/407 Havelock Road, S'pore 3. Tel: *****1 I J No dinner is complete without a White Label Another quality product from KtiM v v 3i ft lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny Bala351 words
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Page 6 Miscellaneous
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Miscellaneous58 1978-08-12 6 WE A THER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 p.m. on Aug 10 at the airport: Maximum Temperature 31.5* C Associated Humidity Minimum Temperature 24,0 Associated Humidity Hours of Sunshine Rainfall in Millimetres •*fll Total Rainfall for the58 words
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Miscellaneous301 1978-08-12 6 T'VSSRWDTO SINGAPORE 5 1.05 PM Opening followed by Sesame Street 2.05 Saturday Matinee Brighty of the Grand Canyon; starring Joseph Cotten, Pat Conway, Jiggs, Dick Foran, Karl Swenson" 3.30 Fish The CAR 3.35 Inter-constituency badminton championships (English) 0 4.50 Sandiwara Setahil Bukan Sekati (A Malay drama) (English subtitles) (Repeat) 5.40301 words
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Article, Illustration1073 1978-08-12 7 JUDITH MILLER - to-V. V k i"..- .t~"" By JUDITH MILLER NYT A GERMAN beer stein filled with a frothy brew flashes across a television screen. "Are you drinking a wellknown German beer that isn't really German?", quecles a throaty announcer. "Read the label," he continues.NYT - 1,073 words
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Article669 1978-08-12 7 CONTINUING with yet more of accountant JSM Rennie's reminiscences in the 1930s of days gone-by at the turn of the century. Here is his delicious description of how a company meeting was conducted in those days: 1901 The Jebelong Hydraulic Tin Mining Co Ltd. Annual Meeting669 words
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Article529 1978-08-12 7 Reuter TIRED of betting on the hone* or a football game? How about taking the plunge on a frozen pork belly or a live steer? The name of the game is commodity speculation and it is not for the faint-hearted. One international brokerage house firmly refuaesReuter - 529 words
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886 1978-08-12 7 RAYMOND WHITAKER - [FORUM ...on gold By RAYMOND WHITAKER Raymond Whitaker is a writer for the Financial Times of London. FT EVERY day at 10.30 am and 3 pm, a group of senior gold dealers, each representing one of the five London bullion houses, gathersFT - 886 words
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Page 7 Advertisements
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Advertisement329 1978-08-12 7 New Japanese Restaurant KIKU^p serving authentic Japanese food HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel. ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 ft jm Yakki *Temfxira Shashimi *Sukivaki *ShalxiShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2329 words
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Page 7 Miscellaneous
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Miscellaneous48 1978-08-12 7 Bristowv Dickons i.. fv*> tv*«s yes*r rp ft-™,, -ru, D«PF6feHT HOOT-V "*V«fc flaotS (ho *€fOrtc*b)\ cpooTf LPS! vfEftt? U**S ftiWMT BUT LFoarJG* ita THOse Rmo4»Ties owe fctffcCTS r«om F\ FiVt IJ S*>( NO rnooe Stf2 \*uei*D Of NOu... t _,V«lT,ng, desk, »<>"«€. eppftc G€*n\£neH 1 jv«. clerical suiTe a48 words
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INTERNATIONAL STOCKS MARKETS
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Article593 1978-08-12 8 TOKYO NON-MARGIN incentive-back-ed issues continued to rise sharply yesterday. The Nikkei Dow-Jones Average again recovered the 5,500 yen level. Turnover was heavy and reached the 300 million share level for the first time in nine days. In the morning session. Incentive-backed Issues opened higher on heavy volume,593 words
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Article464 1978-08-12 8 THE market shook off early profit-taking yesterday and. despite another poor p«rformance for the Hongkong dollar, gained ground In active tradr. Se.itiment was aided by the sparkling performance of Jardine shares which gained 50 cents to HKS 17.70 despite heavy Institutional selling In the morning. The old favourites again464 words
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Article204 1978-08-12 8 AUG 11 Bahu Bangkok Bank 388 10 Bangkok of Ayudhaya Ltd 280 ♦2 Thai Danu unq Thai Farmers Bank 378 unch Thai Commercial Bank 700 Bangkok Metropolitan Bank 3.925 Industrial Finance Corp 2,SIS +20 General Finance 330 -10 Bangkok Investment unq First Trust 296 +8 Raja Finance 784 +36204 words
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Article1005 1978-08-12 8 NEW YORK STOCKS closed lower In active trading on Thursday, after shifting directions at least twice during the day. The market, which lost ground early, later turned up but quickly fell again, with the Dow Jones Industrials finishing about six points lower. Analysts blamed disappointment with the1,005 words
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Article143 1978-08-12 8 THE market yesterday closed sharply higher across the board, dealers said. Turnover rose to 30 16 million pesos from Thursday's 22.95 million. Mining gainers included Atlas Con B. Benguet Con B, and Marinduque B while in oils. Basic Petroleum. Oriental B. Phil Overseas. Pogei. Pioneer and Sea front firmed.143 words
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Article286 1978-08-12 8 URANIUMS and diamonds were the centre of activity yesterday, with Queensland Mines rising 13 cents to A 53.18, Kathleen Investments seven cents to $2.72. Peko two cents to $5.92 and Ex Industries three cents to $2.85. dealers said. AUG II Cents INDUSTRIALS A.C.I 161 A N I 145 +5286 words
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431 1978-08-12 8 EUROPEAN MARKETS THE ZURICH stock market closed generally firmer In active dealings on Thursday, with the recovery of the dollar a positive factor. While leading banks showed average gains of 3 to 4 per cent, insurances also Improved, led by Wlnterhur bearer. In flnanclals. buying431 words
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Article183 1978-08-12 8 AUG I* Francs Actions Suisse* 287 4-1 AlusuisseBr 1265 455 Alusulsse Reg 519 •1 Brown Boverl Br 1620 ♦20 ClbaOelgy Br. 1145 ♦85 Clba Gelgy PC 840 ♦80 Clba Gelgy Reg 578 13 Credit Suisse Br 2250 ♦70 Credit Suisse Reg 417 ♦7 Elektrowatt Br 1880 -20 George Fischer183 words
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Article225 1978-08-12 8 AUG l« Fls ABN 345 00 uncti Ahold 108 00 +0.6 Akzo 3120 ♦0.5 AMEV 83 80 -0 4 Am fas 108 00 Amrot Bank 77 60 -0 1 Berg oss fO 10 ♦2.1 Berk 97 80 -02 Bols 70 80 ♦0.3 BorsumlJ 152 70 -1.3 Burhmann 70 80225 words
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Article281 1978-08-12 8 AUG I* Frs CORBEILLE Air-Liquldr 322 -2.9 B S N Oervals Da none 528 CSF(ThomsonCsfJ 303 50 Cie Francalse des Petroles 143 Compagnle Flnanclere Compagnle Generate 383 Credit Fonder De France 392 80 Hachette (Llbrairlet 228 Machines Bull 48 95 Mlchelln (B) 1305 Parlbas 182 50 Pechlney Clglne Kuhlmann281 words
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Article89 1978-08-12 8 AUG I* Fr» r. FORWARD MARKET Acec ArDed Astur 375 unch 2400 -20 638 >11 Brascan Bru-Lamb 464 unch 594 +2 444 -16 224 -1 Ebes 2270 ♦5 Elertrobel 6780 unch Ob-Inno-Bm 2330 unch Gev 1340 unch Hobok 2450 -50 Petro 3780 -50 Ryl Dutch 1975 10 Sldro 74889 words
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Article215 1978-08-12 8 AUG It Dm Aef-Telefunken 77.60 unch Akzo 28 50 Allz Leben 685B Allz Vers 477 i BASF 133 80 -0.2 Bay H T Wbank 289 1.5 Bay Vbank 329 50 +1.5 Bayer 136 -1 BBC 310 BMW 224 1 Casaella 393 •1 Chem Verw 264 50 Coinmerzbank 231 1.5215 words
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Article97 1978-08-12 8 AUG 10 Lire Ante 120 +8.5 Assoc Gen ***** -240 Bastogi 505 >5 Central? 3797 +32 Flat 186« +31 Finsider 142 Gen Immob 7325 in Prl 2330 +35 Italcemenll ***** +90 Italgas 712 +1 Ilalslder 295 25 -1 75 Magnetl M Pf 480 +2 Marelll Ere 329 +8.5 Medlob97 words
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Article1669 1978-08-12 8 August 10 THE CHICAGO Board Option Exchange volume declined to 151,000 contracts on Thursday, from 215,447 contracts on Wednesday. OPTION8 OCT JAN A PL STOCK Alcoa 40 65/0 81/0 UNTRD 40 3/4 Alcoa 45 3 43/4 UNTRD 403/4 Alcoa SO 17/16 *1/2 31/2 463/4 Am Exp 301,669 words
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Article411 1978-08-12 8 Johannesburg MOST OOLD shares on Thursday were easier on the day following the lower fold price, and while some UK buying was noted later In the day, It was not sufficient to force a recovery. Dealers said heavyweights lost up to 50 cents. Mining financlals411 words
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Article301 1978-08-12 8 Toronto SHARE PRICES closed mixed In active trading on Thursday. The composite Index was off 1-1/2 points with declines In eight of Its 14 component groups, but gains led losses 236 to 226 TransCanada Pipe fell 3/4 to 17. The Alberta government said it has no301 words
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Article67 1978-08-12 8 financial times INDUSTRIALS Thursday 5U 0 Wednesday 516 2 Week ago 499 9 DOW JONES AVERAGE INDUSTRIALS Si"™*®* 885.48 Wednesday 891.63 Week Ago 886 87 LONDON DOLLAR PREMIUM Thursday 106%, to 107(4 Wednesday 107'/, to,10» H.K. HANG SENG Friday 624.22 Thursday 38 Week Ako 600.75 SYDNEY INDUSTRIALS Friday67 words
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Article91 1978-08-12 8 Reuter. LINCOLN National Corp announced a second quarter operating earnings per share of US$l.67 ($1.66) on operating net profit of $39.95 million ($39.61 million). Revenue was $556.2 million ($480.7 million). For the six-month period, operating earnings per share of $3.08 ($2.70) on operating net profit of $73.43Reuter. - 91 words
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Page 8 Advertisements
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Advertisement140 1978-08-12 8 NOW in FONTAN Paperback tSIiBP f *3 its ft K as ROBERT ELEGANT I "Power and poignancy descriptive brillance." CHICAGO TRIBU: THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are no heirs140 words
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INTERNATIONAL COMPANY NEWS
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147 1978-08-12 9 Reuter •> 'THE JUSTICE Department said It filed a civil -.anti-trust suit charging .B.F. Goodrich Co with conspiring to fix prices on Goodrlch-brand tyres In the western US. THe action brought in US district court in San Francisco, asked that the company beReuter - 147 words
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171 1978-08-12 9 Reuter HAWKER Siddeley Canada Ltd said its six months net earnings per share came to 56 cents (58 cents) on net 'profit of $4.9 million ($5.1 million). Revenue was $186.5 million ($183.6 million) (Exchange gain on translation of accounts of foreign units $9,000 in 1978Reuter - 171 words
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Article44 1978-08-12 9 Reuter BEATRICE FOODS Co said it completed the merger of Troplcana Products Inc .following the expiration of -an injunction against the merger. The Federal Trade Commission had sought to block the merger on the grounds that it could violate federal anti-trust laws. ReuterReuter - 44 words
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1022 1978-08-12 9 N. AMERICAN NYT SENIOR management executives of the Firestone Tire and Rubber Co and their attorneys are reported to be hammering out a compromise proposal to present to the US government under which many of the controversial Firestone 500 steel-belted radial tyres would be voluntarilyNYT - 1,022 words
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Article118 1978-08-12 9 Reuter RCA CORP said its consumer electronics division raised optional retail prices of colour television receivers by US$lO to $50 effective since Wednesday. The company said labour and materials costs have exceeded its cost-savings programme to the point that a price increase is both necessaryReuter - 118 words
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Article346 1978-08-12 9 Reuter. INTERNATIONAL Telephone and Telegraph (ITT) said its second quarter earnings per share were $1.35 ($1.22) on net profit of U*****.56 million ($165.46 million). Sales were $3.72 billion ($3.24 billion). For the six-month period, earnings per share were $2.50 ($2.30). Net profit was $341.6 million ($308.79 million) andReuter. - 346 words
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259 1978-08-12 9 Reuter. A FEDERAL court jury ■warded SCM Corporation US$ll.7 million in anti-trust damages against Xerox Corporation but left the major damage claim of $48 million iiLdoubt. The major claim, which is the value SCM puts on the plain paper copying programme it might haveReuter. - 259 words
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Article76 1978-08-12 9 MANAGING underwriters Morgan Stanley and Co Inc and E.F. and Co. Inc said 1.5 million shares of Avon Products Inc common stock are being offered at a share. The shares are being sold by the Edna McConnell Clark Foundation which owned 1.85 million Avon shares before the76 words
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Article70 1978-08-12 9 Reuter. METRO QOLDWYN Mayer Inc said it will report all Income from Its previously announced US$35 million 20-year licence to CBS of "Gone with the Wind" in the first quarter ending Nov 30 1978. The company said the American Institute of Certified Public Accountants proposed aReuter. - 70 words
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Article339 1978-08-12 9 f EUROPEAN Reuter LONDON: Ultramar Co Ltd said pre-tax operating profit vat €18.14 million (£7.91 million) in the six months ended June 30. Sales were £289.92 million (£207.11 million) and earnings per share 17.Sp (10.4p) basic and 18.3p (9.8p) fully diluted. Ultramar said It expects toReuter - 339 words
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230 1978-08-12 9 Reuter. LONDON. The Plessey Co Ltd expects an overall improvement in both its performance and profitability during the 1978/9 year, tne cnairman Mr. John Clark said in a statement accompanying the annual report. He forecast Increased sales and profit opportunities for Plessey spearheaded by Its convergingReuter. - 230 words
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Article92 1978-08-12 9 AFP ROME, The Coslmates Company, which sells goods for the Italian state oil group ENI, has placed In China two complete spinning units for acrylic products. the firm said. The equipment, supplied to China National Machinery, of Shanghai, was manufactured by the companies Savio of Pordenone, Cognatex.AFP - 92 words
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Article65 1978-08-12 9 Reuter PARIS: Groupe General Occidentale subsidiary, Banque Occidentale Pour L'lndustrle Et Le Commerce (BOIC), said it applied to set up a new Swiss bank whose funds will be 50 million Swiss francs. BOIC added it agreed on terms to take a majority stake in the Geneva-basedReuter - 65 words
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159 1978-08-12 9 UPI LONDON: The overseas division of Leyland Vehicles Ltd has won orders totalling about £8.675 million for trucks and buses in south-east Asia, the Far East, Egypt and New Zealand In the past two weeks. The biggest was from Sri Lanka, where two ColomboUPI - 159 words
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Article140 1978-08-12 9 Reuter. REED International Ltd announced a pre-tax profit of £21.5 million (C 20.5 million) in the first quarter ended June 30. Sales were 1'397.9 million (C 394.5 million) and earnings per share 6.4p (5.6p). Attributable to company t"7.2 million (L 6.3 million). Minorities 1.2 million (C 1.6Reuter. - 140 words
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144 1978-08-12 9 NEGOTIATIONS between Tanzanlan officials and "Tiny" Rowland, chairman of the London-based conglomerate Lonhro over compensation for Lonhro's assets in Tanzania "should resume shortly," sources close to the talks said. The negotiations, folJowing Tanzania's decision last June to expel Lonhro from the country within three144 words
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125 1978-08-12 9 Reuter. OSLO: The Norwegian government Is determined to go through with its deal with Swedish car firm. AB Volvo, under which Norway will be responsible lor an injection of 880 million Norwegian crowns, to comprise 40 per cent' Volvo's share capital. Industry Minister Mr.Reuter. - 125 words
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Article99 1978-08-12 9 Reuter LONDON: The British Department of Energy said It approved development plans submitted by the Mesa group for the Beatrice oil field In block 11/30 of the North Sea about 20 km offshore In the Moray Flrth. Work is expected to begin almost Immediately andReuter - 99 words
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Article61 1978-08-12 9 Reuter. DUESSELDORF: The 100 million mark Eurobond for •Chase Manhattan Overseas Banking Corp, a whollyjowned subsidiary of Chase Manhattan Bank NA, has been priced at 99 per cent, a Spokesman for lead mapper Westdeutsche Landesbank Girozentrale said. The 15-year 6 per .cent bond will yield 6.13 perReuter. - 61 words
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Article83 1978-08-12 9 Reuter LONDON: Development and Investment Bank of Iran (Dibi) will raise a US$6O million, eight-year Eurocredit through private placement at per cent over London interbank offered rates. Chase Manhattan Bank said the amount will be raised through a small group of international banks, principally Dibi's relationshipReuter - 83 words
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Article71 1978-08-12 9 Reuter FRANKFURT: The 65 million mark Eurobond for the UDS group has been postponed because of the current uncertainty on the mark foreign loan market, but it is hoped to finalise terms later In the week, a spokesman for lead manager Berliner Handelsund Frankfurter Bank said.Reuter - 71 words
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Article71 1978-08-12 9 BONDS LOANS Reuter FRANKFURT: Fujitsu Fanuc Ltd of Tokyo is making a 30 million mark private placement at 3Vi per cent for five years and eight months. Lead manager Deutsche Bank Ag said the issue is convertible at a price of 21.66 marks per 50 yen nominalReuter - 71 words
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Article61 1978-08-12 9 Reuter MILAN: Credito Commerciale, a bank controlled by the Italcementl Spa group, said it expects shortly to sign a contract for a US$2O million, five-year loan with a group of banks led by Societa Finanziaria Assicurativa and Klelnwort Benson Ltd. It gave no details of interest rates, butReuter - 61 words
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Article83 1978-08-12 9 Reuter AMSTERDAM: The Finance Ministry said it accepted bids totalling 700 million guilders for its 8 per cent 10-year state loan at 100.5 per cent. The ministry said bids above 100.5 per cent were met in full, while those at the issue price received 25 per cent. BidsReuter - 83 words
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156 1978-08-12 9 Reuter HONGKONG: Tai Shlng Development Co Ltd said an interim dividend of three cents (same), will be paid. The company also announced two-for-five rights Issue at HKfl.os per share. Books close Aug 21 to 24. The Hongkong and Shanghai Hotel* Ltd also announced an interimReuter - 156 words
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Article76 1978-08-12 9 UPI TOKYO: Honeywell Information Systems Inc of the United States announced it has established*a Joint venture In Tokyo for the sale of its computers and peripherals. The new firm, Honeywell Information Systems Japan Inc, capitalised at US$l billion, is owned 80 per cent by the American firmUPI - 76 words
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Article214 1978-08-12 9 ASIAN Reuter TOKYO: Nippon Steel Corp is considering repaying before maturity Its US$5O million 9.5 per cent bond issue due 1980. A company spokesman said the Issue becomes eligible for repayment from Sep 15, at a premium of 0.5 per cent, but added no decision hasReuter - 214 words
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Article163 1978-08-12 9 APM buys stake in Brown Dureau Reuter. MELBOURNE: Australian Paper Manufacturers Ltd (APM) said It agreed to buy the 43.5 per cent stake In Brown and Dureau Ltd held by Brown and Dureau's chairman Morris Joss and his family and will make a bid for the remainder. APM will IssueReuter. - 163 words
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Article124 1978-08-12 9 AFP. TOKYO, Mitsui Mining and Smelting Co., the world's foremost zinc refiner, tfas announced a plan to reduce its 5,300 work force by 900 or close to 20 per cent. A Mitsui spokesman said the firm also asked for its labour union's agreement to a plan toAFP. - 124 words
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Article139 1978-08-12 9 Reuter AFP TOKYO Asahi Breweries Ltd. of Japan has shipped 4.8 million cans of beer, worth about 250 million yen, to. Iraq in the largest post-war Japanese beer export deal. The contract was signed with the state-run trading firm Iraq Stores Co, Asahl said. The volumeReuter; AFP - 139 words
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Page 9 Advertisements
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Advertisement82 1978-08-12 9 4> in PAN Paperback LECAKE I I THE HONOURABLE SCHOOLt. HIS LATEST #1 WORLD BESTSELLER 'THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME I. II M v ii-n' !;in« <• i.torir* In ''it K .irr»- <.. i>,i iri> i-- hii;i»fir ,< 11» r CI HI W KKkl.'S82 words
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DEALS DONE ON THE SES AND KLSE
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Article1719 1978-08-12 10 ■ID and oftkr prices officially bated wid business in and reported to the Stock Exchange of Stnaapore yesterday with the number of rtiares traded *o»n in brackets In Vou of 1,000 units unless otherwise specified. All Time Settlement Contracu are qpoted after the word "sett." .Big Board deal1,719 words
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Article127 1978-08-12 10 4 1/2% 1/8/80 (250,000) (99.858 99 928) 4 3/4% IS/9/69 (250,000) (100.108 100.358) 5% IV4/81 (250,000) (100.508 100.628) 5% T F 1/5/83 (250,000) (100.358 100.458) 7% 1/JVBS 250.000) (100.758 100.908) (2) 100.75 5 3/4% T P IVCBI-84 250,000) (102.558) 7 1/4% IS/4/86 (250,000) (100.75B) 7 1/4% 18/16/86 250,000)127 words
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Article2579 1978-08-12 10 i m High Low Company Last Sale +OTGr'i Dhr D»v Crr Gr'. Nat Yld P/K Vel Day C880) HWi Low 9ECTION ONE INDUSTRIALS 172 .219 280 83 27# 286 M«' 132 Acma 232 123* Alcom 232 112 Allied Choc 155 133 BAT 205 195* Bata 257 60*2,579 words
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Article1880 1978-08-12 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 ot»-~wUe specified. INDUSTRIAL* AJIrmmII (2.668) (1> 2.70 aT?« 428> (U) 8 48 144 Bata1,880 words
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Article, Illustration906 1978-08-12 10 CONFUSION niga* over Pegi Malaysia mm the Stock Exektii* of Singapore yesterday aa some trader* unwittingly rushed into the stock. The share opened on (rossly overvalued level of $4.00 and wns chased no to 14.36 before the truth struck home. The company had recently undergone reconstruction pending906 words
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Article448 1978-08-12 10 THE Kuala Lumpur stock market yesterday resumed its bullish run and. In active trading, finished the week steady. Buyers, who had paused for a while on Thursday, resumed the chase and pushed a number of blue chips and second liners to fresh levels. Reflecting the448 words
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Article140 1978-08-12 10 hnoapou unit ikunt INCOME BOf (D UNIT UUM(B|' prtMi tmAmtW (Carnal p rtne) The Commerce The Smrtnf Fund Ml 2 41 INCOME BOND 1.07 l.U 1.44 1U S'pore Prof Fund 1.11 l.U MAJLA BUMOVnU PUND S Sport Inveet Pund 1.F7 l.Otad 1.M 1.44 <■■■■—»• priM Pim Bumiputrm Second140 words
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COMPANY NEWS
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Article, Illustration773 1978-08-12 11 METAL BOX Singapore's decision to invite Fraser and Neave and Its associate Malayan Breweries to participate in its equity is partly Erompted by the fact that tie F and N group had plans to built its own canmanufacturing plant. This is one773 words
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Article140 1978-08-12 11 THE Kuala Lumpur Slock Exchange has asked Sentosa Plywood how it managed to sell its shares in Pahang Consolidated in the open market when the shares were still suspended at the time the sale was made last December. Sentosa reported to the KLSE in a letter earlier140 words
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Article272 1978-08-12 11 Current payment E> Date Book* cloae Date payable Total for the year Total for previous year FAN Riverview Sanyo Ind». (M) S'pore Gla«* (1974) Pefi Malaysia Utd Malacca M Omni Pan Electric S. Darby Unaec Loan Stk M Tobacco Berjuntai L. Perak B. Kawat Island aad Pen UOB272 words
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Article111 1978-08-12 11 t umpanv Particulars Ex Date Books Close Lira Hoc (iwil Kiiifrn l.ifp M'*ia KfrdmilU SvnlMir Kesink FtbtrMwIia Rights Issue of 1 for 4 C4S1.00 per share Bonu* Issue of 1 for 2 Rights Issue of l for 4 (oifl 00 per share Rights Issue of 2 for 5111 words
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Article, Illustration801 1978-08-12 11 ARTHUR HG - By ARTHUR HG IN THE first two hours of trading yesterday, some 40,000 shares in Pegl Malaysia Berhad changed hands at prices ranging from $3.50 to $4.36. Many of the Pegl purchasers had failed to recognise that Pegl was being dealt on an801 words
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LATEST RESULTS
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Article27 1978-08-12 11 Pre- tax profit of $5.17 million ($3.47 million) for the six months ended June 30, 1978. Turnover for the halfyear totalled $19.27 million ($15.61 million).27 words
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Article56 1978-08-12 11 Group pre-tax profit of $5.5 million ($3.9 million) on sates of $75.59 million ($66.82 million) for the six months ended June 30, 1978. Minority interests took $884,000 ($449,000), leaving pre-tax profit attributable to stockholders of $4.62 million ($3.45 million). Parent company pre-tax profit of $43,000 ($85,000) on56 words
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Article17 1978-08-12 11 Pre- tax profit of $7,000 ($9.35 million) for the half-year ended June 30, 1978.17 words
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Article24 1978-08-12 11 Unaudited pre-tax profit M 51.59 million ($1.19 million), for the six months ended June 30. Turnover $9.81 million ($6.19 million).24 words
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Article95 1978-08-12 11 PERAK Carbide has restarted its electric furnace for the production of ferro silicon. Production had resumed on July 28, the company reports, adding that the operation of the company Is now back to normal. Perak Carbide has not, however, resolved the problem of the electricity tariff, which was95 words
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Article53 1978-08-12 11 GENTING Berhad In a reply to a query from the Kuala Lumpur Stock Exchange said the Company's board did not know of any reason for the substantial turnover of the company's shares on Monday. It noted that there were increases In the turnover of other counters as well at53 words
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410 1978-08-12 11 Reuter. KILLINGHALL Tin Ltd (KT) said proposals for a reconstruction of the company and transfer of Its exchange control residence to Malaysia from the UK will shortly be placed before shareholders for approval. The reconstruction will result in the company becoming a wholly-ownedReuter. - 410 words
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Article106 1978-08-12 11 THE Kuala Lumpur Stock Exchange wants to know the basis on which Pan Malaysia Cement Works arrived at a price of $1.70 per share when It sold Its entire holding of 1.2 million shares In Pan Malaysia Realty recently. Since one of the comSany's directors, Mr.106 words
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Article, Illustration608 1978-08-12 11 SUSAN THAM - By SUSAN THAM APPARENTLY REFLECTING its efforts at keeping down costs, pre-tax profit of Bata (Malaysia) has, for the first time in the last few years, moved ahead of sales. Against a sales turnover Increase of 6.7 per cent for the six months608 words
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Article75 1978-08-12 11 Paper Products (M) Bhd: AGM to be held at tfre Conference Room, UMIJp Building, 3rd Floor. Jafe(i Suleiman, Kuala Lumpur, at 12 noon on Aug 19. Kesant Tin (M) Bhd: AGMftSb be held at Tlngkat Kedua, Bolk E, Kompteks Pejabat Damansara, Damansara Heights, Kuala Lumpur ftX 10.00 a.m.75 words
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Page 11 Advertisements
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Advertisement175 1978-08-12 11 ONE QOOD PUBLICATION THAT'S worth a thousand watts li you're into hi-fi, you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to Improve their listening pleasures. Wouldn't it be worth your while to make a mere175 words
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182 1978-08-12 12 Reuter. THE Conference Board announced 167 foreign manufacturing Investments worldwide In the second quarter compared with 156 lh the first, with more than 60 per cent earmarked for the US. Disclosing this the board, a—business-sponsored research organisation, said the two largest private projects areReuter. - 182 words
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743 1978-08-12 12 FOO CHOY PENG - By FOO CHOY PENG THE South-east Asian Promotion Centre for Trade, Investment and Tourism (Seapcentre) will soon be replaced by the JapanAsean Cpoperatlon on Trade, Tourism and Investment Centre (Japan-Asean TTI Centre). The activities of the Seapcentre will be suspended from Sept 30743 words
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Article, Illustration585 1978-08-12 12 SOH TIANG KENG - The Asian question By SOH TIANG KENG THE ASIAN dollar will be denominated in the European Currency Unit if the German proposal for a European monetary union becomes a reality. This was predicted yesterday by a visiting European monetary expert, Dr. C. J. Oort, former deputy governor of the International585 words
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Article455 1978-08-12 12 SENIOR District Judge, Mr. T.S. Slnnathuray, will decide on Monday whether or not to call on lawyer Khoo Hln Hlong to make his defence on two counts of abetment of criminal breach of trust and a third charge of criminal breach of trust (CBT). Should his455 words
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Article719 1978-08-12 12 LONDON. Fri. Share prices today closed quietly steady to firm although highest levels were often not held as Interest faded. Early gains of up to 8p were later pared to two or three pence In slack afterooon trading, dealers said. At 3 p.m. the Financial Times index was719 words
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Article26 1978-08-12 12 MR. ALBERT Choo is general manager of Ssangyoog Cement and not managing director as reported in yesterday's Business Times. The error is regretted.26 words
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467 1978-08-12 12 Reuter, NYT THE US House of Representatives has dealt President Carter a severe blow by rejecting his latest tax plan, and instead approved a more modest USfl6.3 billion (5537.3 billion) tax cut. Defeat of Mr. Carter's $18.1 billion plan was the latest InReuter,; NYT - 467 words
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710 1978-08-12 12 NYT. US COMPANIES are very short-sighted on exports, said Mr Kazuml Ueda of Nippon Seiko, a Japanese company that manufactures ball bearings. They rarely make long-term Investments that pay off only over five or 10 years. Many American* companies try to sell exactlyNYT. - 710 words
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Article446 1978-08-12 12 AFP. RETAIL PRICES of imported goods In Japan have not dropped despite the yen's sharp appreciation, bringing heavy pressure at home and abroad to pass price reductions to consumers. During a recent visit, United States deputy Trade Secretary Frank Well said prices of many American productsAFP. - 446 words
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