The Business Times, 15 August 1978

Microfilm: NL9799
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, AUGUST 15, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Hitting new lows
      79 1 THE US dollar yesterday continued its downward course, hitting new lows against major currencies. It was traded in London at midday at: 1.9550 marks, 1.6257 Swiss francs, 4.2595 French francs, and 183.75 yen. Only against sterling was the dollar slightly up, at $1.9753 a pound compared with
      79 words
    • Article
      Lock icon Pressure on Opec
      73 1 UPI. BEIRUT, Mon. The decline of the dollar is strongly pressuring oil states to raise prices but no hike is likely before December, the Middle East Economic Survey said today. The authoritative newsletter said both Iran and Venezuela had called for an oil price hike next year
      UPI.  -  73 words
    • Article
      Lock icon Jakarta gets loan
      53 1 Reuter. JAKARTA, Mon. Indonesia and West Germany have signed a 115-milllon mark (about Ssl3o million) loan agreement to cover financial cooperation between the two countries during the fiscal year ending next April. The loan is repayable within 30 years, Including a 10-year grace, with 2 per cent
      Reuter.  -  53 words
    • Article
      Lock icon Euro-currency undecided
      92 1 AP BRUSSELS, Mon. Monetary experts working this summer on a proposed new European monetary system are making slow progress on the definition of the ECU the system's central monetary unit sources close to the talks reported today. The sources said officials of the EEC monetary committee were undecided
      AP  -  92 words
    • Article
      Lock icon UK not cut off yet
      84 1 UPI. LONDON, Mon. News reports In London yesterday saying Britain was on the verge of a complete cut off from telephone communication with the outside world were exaggerated, a Post Office spokesman said today. Bookings through international operators have been suspended but direct dialing Is
      UPI.  -  84 words
    • Article
      Lock icon Industrious prince
      56 1 Reuter. LONDON, Mon. Prince Charles Is going to take a close personal look at British Industry and study ways of halting its decline, Industry officials said today. As a first step, the heir to the throne will attend high-level government meetings on Oct 18 and 20 dealing with
      Reuter.  -  56 words
    • Article
      Lock icon Dow Jones
      60 1 UPI. NEW YORK, Mon. Stocks headed higher early today following Texaco's announcement It had made a natural gas discovery offshore New Jersey. Trading was active. The Dow Jones Industrial average, a 5.37-polnt winner on Friday, was ahead 2.77 points to 893.62 around 1500 GMT. Advances led declines, 819
      UPI.  -  60 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      135 1 Rises Most active Nat Iron 605 +35 Pahang Cons 748,000 U AC 348 +32 UOF 566,000 H K Land 580 +30 -UOL 551,000 Rolhmans M Banking 520 488 +30 +28 Sime Darb> Harimau 297,000 293,000 lover: 12.70m e: $30 93m O C B C 1000 Sungei Besi
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    • Article, Illustration
      In Kuala Lumpur
      170 1 Rises Most active Petaling 7.80 .55 UOL 747,000 N Iron 6.20 .35 Pahang Cons 712.000 M Banking 5 00 .30 Haw Par 622.000 OC'BC 10.40 .30 UOB 354.000 DBS 4.42 .22 Total Turnover: 8.14 m S Land 2.20 .20 Total Value: MS20.83 m Knhman Hy 5.60 .20
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  • Article
    Lock icon Bank of Japan support fails to prop $
    346 1 Bank of Japan support fails to prop Reuter THE battered US dollar plunged on the Tokyo foreign exchange market yesterday to close at 184.80 yen despite modest central bank support. A total of $587 million changed hands yesterday during which the American currency fell near to Its post-war low In
    Reuter  -  346 words
  • Article
    All-electronic model is Rollei's ace
    595 1  -  BIGGER MARKET SHARE By FONG MEW LENG THE FIRST fully-elec-tronlc camera manufactured by Rollei Singapore is Its latest weapon in a bid to wrest a bigger share of the market from the Japanese. The first batch of these cameras were exported a few vteeks ago,
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  • Article
    MRT contract names soon
    567 1  -  By SIVA ARASU THE GOVERNMENT is expected to make an announcement at the end of this month naming the contractors who have qualified for the preliminary engineering design of the proposed mass rapid transit (MRT) project. At the moment, the Senior Tenders Board Is still evaluating
    567 words
  • Article
    MORGAN WRAPS UP LOAN
    121 1 MORGAN GUARANTY Trust has packaged a US$5O million Asian dollar loan to the Thai government. It Is syndicated by the bank's Singapore office. Financial sources say the eight-year loan carries an Interest rate of 7/8 per cent Ibove the Singapore lnterank offered rate (Slbor). Eight banks
    121 words
  • Article
    Thumbs-up for investment here
    244 1 A BELGIAN study has given Singapore the thumbs-up as a place for investment. A report of the study has been submitted to Belgian Minister of External Trade, Mr H. de Bruyne, who Is now assessing the report for Belgians interested In investing in Singapore, said Mr
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  • Article
    NOL signs contract for four container ships
    328 1 NEPTUNE Orient Lines (NOL) will bold a contract signing ceremony today for two container ships it has ordered from Ishikawa-jima-Harima Heavy Industries (Dfl). Market sources said the contract will formalise the letter of intent which NOL handed to the Japanese shipyard in June.
    328 words
  • Article
    Hermes may invest $10m in typewriter plant here
    525 1  -  By RONNIE LIM HERMES PRECISA International of Switzerland, one of the world's leading manufacturers of office typewriters, is planning to set up a manufacturing plant in Singapore. Hermes intends to produce its 808 series electric printing ball typewriters here, according to sources.
    525 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      10 1 TRETORN Your Bes? Partner in GoU Available through authorised distributor
      10 words
    • Advertisement
      Page 1 Advertisements Column 2
      132 1 SEE BACK PAGE Look! H IAMOTA-g® §[IKB®LITE World's first with TWO sensors. Ingenious. Instantly twice as safe (both sensors have to be touched by the hand nothing else will do) yet so light to the touch the sensors and Safety Lock need only the lightest touch ever. An absolute fine
      132 words
    • Advertisement
      Page 1 Advertisements Column 3
      72 1 msm PEOPLE In business 2 US car sales heeding for record 3 EXCEBS tonnsge is increasingly absorbed 5 WHITHER tbe US Export Council? 6 QUESTION-and-answer sss- SHIPPING TIMES ■ion with Indonesia's Foreign Minister FORUM on nation-building ASSOCIATES boost Steamer's DUNLOP (M) looks into Major tyre project TOTTING i up tbe
      72 words
    • Advertisement
      Page 1 Advertisements Column 4
      136 1 W-8& APS ELECTRONICS (PRIVATE) LTD SitfGAPO&E'T* *****4 <5 l.n«) APS ELECTRONICS (M) SON BHO KUXLA LUMPUR Tel 03-*****0 KLM-ROYAL DUTCH AIRLINES Freight Handling Department 5. CIAS Cargo Terminal. Paya Lebar Airport. Tel: *****3.*****3. *****1 ext 513 Sales Department Mixed Tenants Cargo Complex, Mezzanine Floor. Pdya Lebar Airport. Tel: *****67/8 Fl6
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  • TRADE AND INDUSTRY
    • Article
      Felda ahead of 5-year targets
      756 2  -  Br KADIR JASIN in Kuolo Lumpur THE MALAYSIAN Federal Land Development Authority (Felda) is running well ahead of target for Its land development activities under the Third Malaysia Plan. With the plan about halfway through, Felda has exceeded the target of the first three years.
      756 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      246 2 MR Au Eng Kok will be the new general manager of Urban Redevelopment Authority from late August. Mr Au, now manager of the building and development division of the Houslng and Development Board, Joined the HDB as a civil engineer In 1959 and was the head of
      246 words
    • Article
      How to break into Japanese market
      74 2 MR. WEE Mod Cheng, Singapore's ambassador to Japan, will give a talk on "Japan-Singapore Trade: Challenges to our Exporters" at the Shangri-La Hotel next Friday. In his talk, organised by the National Produc- tivity Board for those who are interested in exporting to Japan,
      74 words
    • Article
      Axe at throat of timber industry
      419 2 THE proposed harmonlsation of import duties on sawn timber, mouldings and other manufactured timber products by Australia will have adverse effects on the Malaysian timber Industry. Although the proposed exercise will involve both the Increase and reduction of duty rates, Malaysia will, on the
      419 words
    • Article
      Chinese step up tourism drive
      159 2 CHINA will allow In 50,000 Japanese tourists next year, a 70 per cent increase from last year. The general bureau of the China International Travel Agency made the remark to a delegation of Japanese travel agents who recently visited Peking, according to a Japan-China Friendship
      159 words
    • Article
      HK exports
      33 2 HONGKONG'S total exports (domestic exports plus re-exports) rose 14.76 per cent to 23.40 billion (SSll billion) in the first half of this year from HK520.39 billion in the same 1977 period.
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    • Article
      Petronas reins in Sarawak's oil production
      278 2 SARAWAK'S oil production has dropped sharply under the Impact of conservation policies of the Malaysian state-owned petroleum company, Petronas. Figures released by the Statistics Department In Kuchlng show that exports in the first five months of this year were almost 25 per cent down
      278 words
    • Article
      Lock icon NZ-Japan fishing talks stalemate
      94 2 AP. JAPAN-New Zealand fishing talks are again stalemated, New Zealand officials said yesterday. After protracted talks lasting nearly a fortnight between officials from the two countries in Wellington, an agreement was ready to be initialled last week. But New Zealand Prime Minister Robert Muldoon insisted that
      AP.  -  94 words
    • Article
      MEMO PAD
      477 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 7-29: Marketing management, Holiday Inn, NPB Aug 12 Sept 2: An understanding of company law, SIM, SIM. Aug 14 25: Income tax law and practice,
      477 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      48 2 See you at .Itie Very exclusive. Very different. Very private A 9 pm 2 am (Sun thru' Thur) 9 pm 3 am (Fri, Sat and eve of public holiday) Also. 3 pm 8 pm (daily) J? ktktrattmtfcapenrv For information, please contact Ms Jean Anderson. Tel: *****1 ext. 760/761.
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  • OVERSEAS
    • Article
      Lock icon Seoul payments in the black
      453 3 Reuter. SOUTH KOREA had a current account balance of payments surplus of US$7 million (Ssl6 million) last month as compared with a deficit of $257 million In June and a surplus of $122 million In July last year. Preliminary Economic Planning Board figures show this
      Reuter.  -  453 words
    • Article
      Lock icon Publishers get warning
      85 3 UPI. THE strike that has shut down New York City's three major dally newspapers could be "very long" unless the publishers back off from their demand to reduce manpower In the press rooms. The warning by the president of Printing Pressman's Union No. 2, William Kennedy, came
      UPI.  -  85 words
    • Article
      Lock icon RUSSIA'S GAS POTENTIAL UNVEILED
      177 3 UPI. NATURAL gas exports will soon become the Soviet Union's main trade commodity, replacing even petroleum as a multi-bil-lion-dollar source of muchneeded capitalist currency, according to a US Central Intelligence Agency report. Natural gas will not match oil as a hard currency earner by 1980, the
      UPI.  -  177 words
    • Article
      Inflationary forces cloud money markets
      662 3 ALAN C. Lerner, senior vice-president, money market economics, Bankers Trust Company, reports on the money market last week: i A poorer than generally expected performance in )the wholesale price index (now called the producer price Index) caused the debt markets to give ground after a
      662 words
    • Article
      Lock icon US car sales set for record
      641 3 UPI CAR and truck sales in the United States will reach a record 15.4 million units this year and slightly more In 1979 on continued economic expansion. General Motors Corporation's chairman Thomas Murphy said gains In employment and personal income this year are signs
      UPI  -  641 words
    • Article
      Lock icon Tinplate output likely to drop
      159 3 Reuter. US STEEL Corporation said it expects this year's industrial tinplate shipments to fall by about 5 per cent from the 6.8 million tonnes shipped last year. William Howell, general manager (tin mill products), said the major reason for the shipment decline is decreased crops
      Reuter.  -  159 words
    • WORLD IN BRIEF
      • Article
        Lock icon COPPER BONANZA
        571 3 Agencies. THE. Venezuelan Energy and Mines Ministry announced the discovery of huge copper deposits in the western state of Zulia near the Colombian border. The deposit is believed to contain reserves amounting to over one million tonnes of the mineral and is located in the Perija mountain range.
        Agencies.  -  571 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      144 3 a t the SINGAPORE INTERNATIONAL For the first time in Asia, handcrafted exotic cars from worldfamous Italian design houses of Bertone, Pininfarina, Michelotti, etc will be on show for 10 days. Each model from these designers is the only one of its kind, a state-of-the-art showpiece of automobile virtuosity. This
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      600 3 TWO-IM-ORE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Beat at baseball? (0) 7 It's held to be protective (8) 8 A number are In trouble (4) 10 Kept under cover (6) 11 A hit In "Island tn the Sun" (6) 14 Tube drivers'.plot (3) 16 Weighty medicine? (5) 17 Behind the right
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      276 4 THE SINGAPORE market closed quietly higher with September One RSS buyer quoted at 234.50 cents/kilo, up 1.25 cents from last Friday's close, dealers said. Prices rose one cent during the morning on speculative and upcountry buying. The afternoon market gained fractionally on light short-covering and speculative
      276 words
    • Article
      Closing prices
      25 4 Rubkrr: Aug 14 Singapore: Sept 234.50 cents (up 1.25 cent*) Malaysia: Sept 239.50 cents (up 11) Official offering: 200 tonnes (down 30 tonnes)
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    • Article
      Rice
      325 4 THAILAND'S rice exports this year are expected to reach 1.5 million tonnes compared with the government's original target of 1.2 million, a Board of Trade spokesman said. The higher forecast was due to a satisfactory second rice crop, estimated at 1.5 million tonnes of paddy or 900,000 tonnes of
      325 words
    • Article
      RAS PRICES
      370 4 H A S. prices tn cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 H S.S prompt fob 234 00 235.00N 234 00 235.OON Int 1 R S S. Sept 234 25 234.75 234.50 235 00 Int. 1 R .S.S.Oct 234
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    • Article
      SSR AND SMR
      103 4 NOON S8R and SMR prices yesterday: September October (Current Mth) (Forward Mth) HAS BuyershSelltrs Buyer* Sellers (cent* per kg) (cents p« kg) SSR20 (1—ton pallet) 212 00 214.00N 213.00 215.OON SSR SO (1—ton pallet) 210.00 212 00N 211.00 213 00N MKKLB: SMK SCV (1-ton pallet) 242 00
      103 words
    • Article
      Coffee
      134 4 ROBUSTA futures ended yesterday morning steady near the lows in London but still with gains of €136 to 1"32 per tonne compared with Friday's close; 3,675 lots were traded including two options. Spot September ended the morning C 136 up at C 1,424 having gained C2lO earlier at a
      134 words
    • Article
      Cocoa
      95 4 TERMINAL cocoa gained up to eleven sterling per tonne in early trading, having finished the first call £9 up to 14.50 down. Dealers said the market advanced on outsider buying in the face of stronger sterling. They said support appeared to be encouraged by Friday's reasonably steady close, adding
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    • Article
      Zinc
      104 4 ZINC was 10.25 per tonne down for cash and unchanged for Three Months at the end of the morning ring in London yesterday. The market initially gained 12.50 following higher copper and lead prices with Three Months at t'332.50 per tonne. But by end ring gains had been erased
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    • Article
      Lead
      80 4 LEAD ended yesterday's morning ring t'5.75 up for cash and C5.25 per tonne higher for Three Months. Dealers said this market moved ahead against a background of a further fall in LME stocks last week and on some trade covering, although this was believed to be against old business.
      80 words
    • Article
      Gold
      174 4 THE kllobar In Singapore opened at 5515,211 and closed at 115,206 tone of the market was moderate. The high and low of the day were $15,22? and $15,108 respectively. Spot gold for London delivery opened at U*****.65/95 and closed higher at U*****.15/45 as, the US dollar continued to decline.
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    • Article
      Produce exchange
      218 4 THE Singapore produce market opened the week on a quiet and dull note yesterday. Prices of pepper were unchanged except for white, which, going by the notional quotes given by the Singapore Chinese Produce Exchange, was up $2.50 per picul. A packer reported that the undertone for white
      218 words
    • Article
      Hongkong Comex
      199 4 THE sugar market closed about 0.07 US cents higher in continued quiet trading, with nine lots traded against 15 on Friday, dealers said. The Hongkong daily spot sugar price rose 0.10 to 7.40 cents, in line with Friday's New York September close of 7.35/36. The cotton market closed
      199 words
    • Article
      Copper
      143 4 COPPER wirebars and cathodes gained four sterling per tonne for cash and three for Three Monthi yesterday in London. Dealers attributed the very steady tone to the large fall of 19,675 tonnes to 463,300 tonnes in LME stocks last week. Trade sources said the main destinations were Japan, India,
      143 words
    • Article
      SPOT PRICES
      198 4 CLOTH In Hongkong dollars, wholesale prices spot ex-godown (Villon Clnlh- India Drnron Head unq. Japan (No 2023) 06.80. Shirting 65 40. Hongkong Golden Peak (60x60) 65 50 Drill*: HK Kow Fook Brand (No 202 58 80. Japan (No 2024 1 59 00 Whit* Cloth: Japan No 10.000 Three
      198 words
    • Article
      Silver
      66 4 In HONGKONG yesterday, the market closed HKSI.SO higher at $265.50 per 10 ounces In continued quiet trading, with turnover estimated at 10,000 ounces, dealers said. The market fluctuated between $265.50 and $264.00 while fixing price was steady at $264.00. The local close was equivalent to 5.5918 US cents per
      66 words
    • Article
      Straits tin
      191 4 THE Straits tin price in Penang gained Mil per plcul to $1,781 yesterday. Dealers attributed steadiness to the very small volume of tin delivered by miners during the week-end and some European and local demand. Sentiment was also helped by last Friday's firm closing In London. Turnover totalled
      191 words
    • Article
      Versatile soybean is US top cash crop
      1463 4 IN 1922, A.E. Staley took a whistle-stop train tour of Central Illinois, trying to convince farmers they should raise a curious, new crop the soybean. They laughed at him. Not discouraged. Staley told the farmers he would buy all the soybeans they could
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    • Article
      Lock icon Forecast of higher silver bullion price
      166 4 Reuter SPOT silver prices are forming what could be a new base at 550 US cents an ounce and will rise further following a strong advance. London bullion brokers, Shdrps, PixJey Ltd in reviewing market activity In July, in which the daily spot silver
      Reuter  -  166 words
    • Article
      Lock icon Kenya has endless flow of soda ash
      636 4 FT FROM one of Kenya's most mysterious volcanic phenomena comes an endless supply of valuable soda ash for Industrial use In various parts of the world. It Is mined in a dry lake in Kenya by one of ICl's farflung subsidiaries, the Magadi
      FT  -  636 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        589 4 THE US dollar was traded down against major currencies on the foreign exchange market yesterday. Against the yen, the dollar lost more than 200 points at the close of trading here. In the mark counter, the US dollar was brought down to a new low, closing 100 points
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      • Article
        Asian $ & CD rates
        181 4 Asian CD rates IN KUALA LUMPUR yesterday, the US dollar closed at M 52.2765/80, sterling at 4.4934/68 and the Singapore dollar at 102.19/27. IN HONGKONG, The US dollar closed at HK54.7460/90 sterling at 9.320/40 and the Singapore dollar at 2.1240/60. IN JAKARTA, the US dollar closed at ruplahs 414/416. ASIAN
        181 words
      • Article
        MLR
        18 4 THE average rat* si which Singapore banks are currently prepared to lend to their heat customers is
        18 words
      • Article
        Discount
        43 4 range of price c s I home* on Aug 14: Overnight 3*% Call depotft 3** CWia 3-Month •Miytot Mik« 31/4 Treasury bills 31/8 3-Month Bank Mils 515/1# 3-Month CD 8 5/18 6 3/18 8-Month CO < S/» 6U Source: National Discount Co Ltd.
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      • Article
        London
        187 4 THE dollar resumed its downward course against major currencies in somewhat quiet opening trading yesterday, dealers said. Against the Swiss franc it fell to 1.6280/ 6310 from 1.6440/ 90 pre-weekend, before recovering slightly to 1.6327/ 42. The Swiss franc's renewed strengthening followed weekend remarks by Swiss National Bank president
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      • Article
        Tokyo
        222 4 THE US dollar for overnight delivery closed sharply tower yesterday at 184.80 yen, compared with a 186.00 opening and 186.80 at Friday's close, dealers said. The Bank of Japan was believed to have bought an estimated US$5O million at around 185.00 to 184.80 yen In afternoon trading, bringing total
        222 words
      • Article
        Hongkong
        210 4 THE Hongkong dollar yesterday fell from Saturday's closing level in hectic trading chiefly on commercial demand for the US dollar, dealers said. The Hongkong dollar fell to a late 4.7415/45 to the US dollar from Saturday's 4.7140/60 close here amid much selling of the local currency by bullion dealers,
        210 words
      • Article
        Euro $ rates
        114 4 Euro rates LONDON Eurodollar deposit rates showed little change from Friday's closings In light early trading, dealers said. One and Four Months were adjusted 1/2 and 1/8 lower respectively on the loss of a Friday-end, while Six Months rose 1/8 on a Friday-end. Among day-to-day rates, Overnight, Tues/ wed and
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      • Article
        Australia/NZ
        61 4 AUSTRALIA NZ exchanges quote* on Aug 14: US dollar 1 1830/ 1 1582 Sterling 0 5045/ 0 5*77 air mall ouylng rate*: Stertlne 0.6138 US dollars 1 1965 Ninety-day forwarded buying rates: Sterling 0 5661 U8 dollar 1.1971 NEW ZEALAND: Sterling 0 5422/ 0 5583 U8 dollar 1 0667/
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      111 4 Near the new fly-over at Bukit Timah/Farrer/Adam Road junction q. At 4Vi miles Bukit Timah Road, opposite HwaChong Junior College. 111 RRST CLASS RESIDENTIAL AREA SPACIOUS GARDENS Most ideal and luxurious I Treat yourself to the I Refreshing atmosphere split-level garden houses luxuriant greenery and with continuous cool and on
      111 words
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  • TRANSPORT
    • Article
      Lock icon China adds three more ships to fleet
      230 5 UPI, Reuter. CHINA has agreed to buy three large commercial i ships from Japan in an ef- fort to build up its merchant fleet. The Chinese shopping list I received by Ishikawajlma i Harlma Heavy Industries < on Friday included two < 22,000
      UPI,; Reuter.  -  230 words
    • Article, Illustration
      Lock icon Air link talks to resume
      222 5 UPI. BRITAIN and China will resume talks on establishing air services between the two countries, British Secretary for Trade Edmund Dell said on his return on Sunday from a seven-day visit to China where he discussed the need for air links between Britain and China.
      UPI.  -  222 words
    • Article
      Lock icon Karachi surcharge
      102 5 Reuter. THE INDIA. Pakistan, and Bangladesh Conferences announce the imposition of a 50 per cent surcharge on the gross freight for the dis- charge of hazardous cargo at Karachi. j The surcharge will pay for the hiring of private lighters to transport these cargoes in view of the
      Reuter.  -  102 words
    • Article
      Lock icon GATWICK-DALLAS RUN
      88 5 Reuter THE UK Civil Aviation Authority said it licensed British Caledonian Airways to fly from Gatwick Airport in London to Dallas, with conventional airliners, while it turned down a British Airways application to serve the route with a Concorde. British Caledonian, which now flies from Gatwick to Houston,
      Reuter  -  88 words
    • Article, Illustration
      SHIPS IN PORT
      365 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chosei Maru (0800 46 Golden Bell (0900 27/28 King Sun (0600 after Sumber Tunas VI) 22 Kota Maha (0700 after Zlnovly Solovyev) 13/14 Kristin Bakke (2359) 1/2 Lloyd Bakke (1830 after Vishva Chetana Dong Ping) 10/11 Mallory Lykes (1500) 47 Tamuraeverett (1400
      365 words
    • Article, Illustration
      FLOATING HOME SWEET HOME
      107 5 THIS IS the Pacific Supporter, an accommodation barge built by Far East-Levingston Shipbuilding and delivered to its owner* Swire Offshore Vessels Corporation recently. The barge may be used as a hotel for the offshore industry, as buffer storage for commodities, as a crane vessel or a
      107 words
    • Article
      Lock icon Pomona rejects second tanker
      136 5 Reuter. POMONA Shipping, a subsidiary of Coastal States Gas Corp of Texas, had told Irish shipbuilders Harland and Wolff Ht will not accept delivery of the 330,000tonne tanker, Coastal Hercules. A Harland and Wolff spokesman, who made the statement said he could not comment further as
      Reuter.  -  136 words
    • Article
      Lock icon Shipbuilding tonnage up
      66 5 Reuter. JAPANESE shipyards won orders for 11 ships from foreign owners in July, compared with 13 in May, but the July tonnage rose to 191,271 gross tons from June's 79,748, the Japanese Ship Exporters Association said. The July total, comprising six freighters, two bulk carriers and three
      Reuter.  -  66 words
    • Article
      More and more excess tonnage is absorbed
      754 5  -  By CHAN BONG SOO THE LOCAL shipping industry is showing signs of Improvement as excess tonnage on certain routes is absorbed. In recent months, more and more shipping lines operating from Singapore are stepping up their activities by adding more ships to their
      754 words
    • Article
      Lock icon US travel agents are casualties of cut-rate fares
      939 5 NYT. THE PROLIFERATION of cut-rate air fares that has set off a boom In air travel and raised airline revenues ironically has brought grief to America's, travel agents. "A total disaster," says Mr. Richard Epping, president of the Northern California Chapter of
      NYT.  -  939 words
    • Article
      BOOMING TIME FOR THAI
      142 5 THAI International is fast proving itself to be one of the most dynamic national carriers in the Far East. June figures released by the airline show that "production" as measured by available tonne-kilo-metres was up 24 per cent to 60.8 million over the corresponding month last
      142 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      696 5 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKG/KUL PAA PA005 0115 SFO/HKG MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005 HLP
      696 words
    • Article
      BA quarterly earnings rise
      249 5 BRITISH Airways has reported Its first-quarter revenue of £402 million (*****.6 million) for the Kriod April to June, 1978. oflt before cost of capital borrowing and taxation was V 39 million. The profit was £14 million, compared with £4 million and (net profit) and t'3o9 million
      249 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      199 5 000 v~ £20 Cl^ VS 0 Cl>*< S BM 1 ■R Take Barclays travellers cheques wherever you go whenever you go. They're welcomed throughout tnc world. Safer than cash. A world-wide network of refund agents help vou in case of loss or theft. Available in US dollars or sterling. ON
      199 words
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  • Article
    Southward, ho!
    305 6 FOR TOO long the belief In the catalytic powers of the North has caused the developing South to be over-dependent economically and psychologically on the developing world. Trade, It seems, cannot be successful but with US or European markets, development Is not possible unless aid from the North
    305 words
  • Article
    Immature
    247 6 Less developed countries also fall prey to immature notions, which lead to prestige projects with little potential to generate development. National airlines to ferry the odd tourist or two, advanced port development projects in countries too close to each other to warrant two such ports, duplicated manufacturing plants which
    247 words
  • Article, Illustration
    Lock icon ARE THEY STILL THE PRESIDENT'S MEN?
    1770 6  -  By CLYDE FARNSWORTH NYT FIVE years ago, a 22member group called the President's Export Council was created to advise the administration on the ways and means of increasing American exports. The task was considered vital to the United States' well-bfeing, and the council met
    NYT  -  1,770 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      303 6 fk V• Hotel Royal-RAMADA Newton Road, Singapore 11. Republic of Singapore. Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Golden m 71 tr. Sumptuous Cantonese cuisine prepared by our chefs with just the right touch and our speciality FISH HEADS Each dish is carefully selected by our chefs to give you the
      303 words
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      Page 6 Advertisements Column 2
      36 6 The best place to wine and dine in the worlds fourth largest harbour dP V sm E I EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      36 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 IWEATHERI OUTLOOK for Singapore from 6 a. m. to noon today: Occasional rain in early morning. Report for 24 hours prior to 7.30 p.m. on Aug 14 at the airport: Maximum Temperature 30.0° C Associated Humidity 78 Minimum Temperature 24.1° C Associated Humidity 97 Hours of Sunshine 265 Rainfall in
      65 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      290 6 tv&radio SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.25 Diary Of Events (English) 0 330 Afternoon Matinee A Letter To Three Wives (Pt. 2) Starring: Jeanne Crain, Linda Darnell, Ann Sothern, Paul Douglas and Kirk Douglas 4.10 Science Report 0 4.25 Intermission fe 05 Opening announcements
      290 words
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  • Article, Illustration
    Lock icon Liechtenstein — Kuwait of the West
    1140 7  - Liechtenstein Kuwait of the West By PAUL HOFFMANN NYT. -GOLD-AND-RED standards flutter everywhere in this country three times the size of .Mwhattan, snug between Austria and Switzerland, as it celebrates the 40th Ahniversary of the benevolent rule of its Prince, Franz Josef 11. The banner might as well be made
    NYT.  -  1,140 words
  • Article, Illustration
    The Indonesian side of the story
    730 7  -  Much has been heard in Singapore on the local view of Asean and important projects such as the diesel programme, but perhaps not enough on the views of Singapore s Asean partners, QUEK PECK LIM posed the following questions in writing to DR. MOCHTAR
    730 words
  • Article, Illustration
    STRAWS IN THE WIND
    641 7 A STRANGE mongrel of a road sign spotted by Our Man in Borneo, in Kuchlng, Sarawak, recently. Although it may look like a normal "No U-turn" sign at first sight, it Is not. The way the black line has a tall at one end and a
    641 words
  • Article
    Let's sing Majulah Singapura
    939 7  -  f FORUM JfeMi > ...on nation building By TERESA LIM THOUGHTS of nationbuilding occur naturally on National Days, such as Singapore's last week. The phrase has become something of a cliche and, like all cliches, its significance is Ignored by those in search of new slogans
    939 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      288 7 21 :rv New Japanese Restaurant KiKU# serving authentic Japanese food i d* Yikki *Tempura Shashimi *Sukiyaki *Shabushabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road. Singapore 11 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO
      288 words
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      Page 7 Advertisements Column 2
      64 7 ORCHID INN 214 Dunearn Road. Singapore II Tel: *****2 HOTtL PHOtNIX SINGAPORt Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTtL Coleman Street. Singapore 6 Tel: *****1 RAhl-LLS HOTtL 1-3 Beach Road. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTtL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA KORUM HOTtL 585, Orchard
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      52 7 Brl StoW: Fraok DiakeoS ims roMßoy fcßocwv^ mpsßveu-Ous PhotooPPl^S' Ujv-ACKT P\ »-U iUDPW Tmpxt OOPIS 6c »Ne eves. T wefie's. THG. cliff U*MX I LJFNS STRUCK ON Tut. H£P>D 6V p> SUUfvJG? CP>£. TyAeCe'S TneTP*H>Ti DMM»N& Tne UJPHTGJR SP>UT SCP>LDIMG COfFet LP^P THE. Pool "Me. sTptfr THReu me OM THC
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon High-priced issues recover
      525 8 TOKYO Source: DBS-Daiwa HIGH-PRICED incentive backed issues opened lower yesterday because of profittaking, but recovered near the afternoon close. Turnover was thin and estimated at 180 million shares, since both institutional and Individual Investors were inactive. In the morning session, ~~'Kaken Chemical continued to decline sharply, pushing
      Source: DBS-Daiwa  -  525 words
    • Article
      Sydney
      362 8 SELECTED mining stocks and speculative diamond Issues made gains yesterday in an otherwise sluggish market, dealers said. CRA rose six to A 53.08 on continuing speculation about its Ashton Diamond prospect, while, among the speculative issues, Metana rose 10 to 40 cents, Haoma four to 60 cents and Uranium
      362 words
    • Article
      Manila
      170 8 THE market closed higher yesterday, with all sectors posting gains as turnover rose to 33.65 million pesos from Friday's 30.16 million, dealers said. Gainers included Atlas Con B. Benguet Con B, Baguio Gold, Lepanto B, Phllex B. Basic Petroleum. Oriental B. Phil Overseas, Seafront, CDCP, Meralco, Uslphil and Vulcan.
      170 words
    • Article
      Bangkok
      12 8 THE Bangkok stock market| was closed yesterday for a public holiday.
      12 words
    • Article
      Selected indices
      31 8 H.K. HANG SENG Monday 631.54 Friday 624.22 Week Ago Closed SYDNEY INDUSTRIALS Monday 442.82 Friday 443.35 Week Ago Closed ALL ORDINARIES Monday 522.67 Friday 522 36 Week Ago Closed
      31 words
    • Article
      Lock icon Dai Nippon Sugar to be delisted
      98 8 Reuter. TOKYO: Dai Nippon Sugar Manufacturing Co a major Japanese sugar refiner said i.ts shares will be delisted from Japanese stock exchanges after next March. The company said it cannot meet the stock exchange's listing requirements owing to excessive liabilities. The listing standards do
      Reuter.  -  98 words
    • Article
      International bond offerings show dramatic
      1388 8  -  By CHARLES H COLUMBUS, ROBERT H. HOWARD By CHARLES H COLUMBUS, vicepresident and ROBERT H. HOWARR assistant treasurer of Chase Manhattan's merchant banking group THERE HAS been a dramatic rise In International bond offerings In the United States, with volume climbing from less than US$l.4
      1,388 words
    • Article
      Lock icon Hongkong
      418 8 Source: SHK Sec "AGGRESSIVE local-investor buying from Friday's after;.hoon continued yesterday morning, and the Index rose 11 11 points by lunchtlme. ro A report that Yaumatl Ferry had bought three hovercrafts prompted speculation that the company was to operate a Canton-HK run saw the shares rise HK$l to $39.25
      Source: SHK Sec  -  418 words
    • Article
      Lock icon Doubts raised on insider laws
      1629 8 FT THE EFFECTIVENESS and appropriateness of the nonstatutory self-regulation practised In Britain's securities Industry, and the stock exchange's central role In It, are emphasised in the Exchange's Stage II evidence to the Wilson Committee on financial Institutions. A description of the exchange's recent moves to
      FT  -  1,629 words
    • Article
      Lock icon Why Renault is in the agro-food business
      1265 8 FT. THE SILK-COTTON tree looks monumental. Its fleshy trunk pushes vertically Into a sky of piledhigh clouds while near its base it fans out into a series of buttresses anchoring it to the ground. But the impression is misleading: the tree is virtually
      FT.  -  1,265 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      290 8 m I -f m ANDRE NEWMAN Penguins A Bouquet of Barbed Wire A Bouquet of BarbedWhAndrea Newman's first novel in Penguins is currently a mafor drams series ontondon Weakend Television. Peter Manson is in love with his own daughter. Confused, he h ides behind a fuilty love affair with his
      290 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Tyco makes good with record sales
      1711 9 N.AMERICAN L 4 NYT FIVE YEARS ago, Joseph Gaziano, a stocky exMarine who hasn't changed his haircut since Boot Camp, assumed the leader- ship of Tyco Laboratories Inc. after a parade of chief executives had failed to br- Ing the company out of its
      NYT  -  1,711 words
    • Article
      Lock icon Ovenmakers see bed of roses ahead
      858 9 Reuter. DESPITE a softening in consumer demand for microwave ovens in the first few months of the year and questions about their safety, the leading oven makers paint a rosy picture of the industry's future. While conceding that sales flattened out much Sooner than
      Reuter.  -  858 words
    • Article
      Lock icon CHEMICAL NEW YORK DECLARES DIVIDENDS
      108 9 Reuter DIRECTORS of Chemical New York Corporation, parent holding company of Chemical Bank, has declared the regular quarterly dividends on the corporation's common stock and on its convertible preferred stock. The common stock dividend of 75 US cents per share is payable Oct 1, 1978
      Reuter  -  108 words
    • Article
      Lock icon Texasgulf ups copper prices
      237 9 Reuter TEXASGULF said It Is raising copper prices in the US by two cents a pound and three cents a pound In Canada. It also said it will use a new method of pricing which provides that for any contractual month, the price will be that
      Reuter  -  237 words
    • Article
      Lock icon BEATRICE CONVERTS SHARES
      82 9 Reuter. BEATRICE Foods Co said about 47.1 per cent of Tropicana Products Inc shares were converted to cash and about 52.9 per cent were converted to a new Beatrice convertible preference stock In the merger of Troplcana into Beatrice. Beatrice said all Troplcana holders who did not
      Reuter.  -  82 words
    • Article
      Henkel stake in Clorox
      28 9 THE HENKEL group, a privately held West German detergents manufacturer, has increased its stake in the Clorox Company to 18.45 per cent, Clorox said.
      28 words
    • Article
      Lock icon Weight Watchers, Heinz in definitive pact
      155 9 Reuter. H.J. HEINZ Co and Weight Watchers International Inc •aid they have executed a definitive agreement providing for the acquisition of Weight Watchers by Heinz, for about US$7l million. The acquisition will take the form of a merger of a subsidiary of Heinz into
      Reuter.  -  155 words
    • Article
      Lock icon General Cable offers stock
      107 9 Reuter. GENERAL Cable Corp said It filed a registration statement with the Securities and Exchange Commission to offer US$53 million or 2.12 million shares of $25 par value, cumulative convertible preference stock. The offering will be made in late September by an underwriting group managed by
      Reuter.  -  107 words
    • Article
      Lock icon TEXACO WELL
      44 9 Reuter. TEXACO Inc said it hopes to test its exploration well in block 598 of the Baltimore canyon, offshore New Jersey this week. A spokesman said in response to an inquiry the company has not yet started to test the well. Reuter.
      Reuter.  -  44 words
    • Article
      Lock icon Natwest sells Commercial Union shares for £29m
      184 9 EUROPEAN Reuter. LONDON: National Westminster Bank Ltd said It sold its 4.6 per cent holding in Commercial Union Assurance Co Ltd at 154 pence per share for a total £29.3 million. The Commercial Union shares were sold to a wide range of institutions
      Reuter.  -  184 words
    • Article
      Lock icon Fiat to set up unit
      89 9 Reuter TURIN: Flat Spa will set up a separate subsidiary for its car activities from the start of next year, completing the conversion of the Flat parent company into a holding company for the group. An extraordinary shareholders meeting has been called for early September,
      Reuter  -  89 words
    • Article
      Lock icon Trio Kenwood offers issue
      89 9 Reuter TOKYO: Trio Kenwood Corp said it will offer a 40 million mark 18-year convertible bond at par on the West German capital market this month through an underwriting syndicate led by Deutsche Bank AG and Nomura Europe NV. A bond issue contract signing is expected
      Reuter  -  89 words
    • Article
      Lock icon BNP ups US credit
      73 9 Reuter. PARIS: Banque Natlonale De Paris (BNP) has raised Its private placement with US institutions to US$6O million from $50 million. Informed banking sources said the placement is for five years and carries a spreadof 1/ 4 point above the average of the bid and offer
      Reuter.  -  73 words
    • Article
      Lock icon Motor-Columbus floats note
      78 9 MotorColumbus floats note BONDS LOANS Reuter BASLE: Motor •Columbus AG will float a 50 million franc, 3-3/4 per cent 12-year loan at 101 per cent on the Swiss capital market from Aug 18 to 24. Swiss Bank Corp. said as Issuing consortium leader. Proceeds will be used for conversion or
      Reuter  -  78 words
    • Article
      COCA COLA
      29 9 LONDON: The Coca Cola Bottling Co of New York's 15-year 6-3/4 per cent convertible Eurobond was Increased to US$3O million from $25 million and priced at par.
      29 words
    • Article
      Lock icon Losses force Textile Alliance to stop payout
      449 9 ASIAN Reuter. TEXTILE Alliance has once again decided to pass Its dividend In the face of continuing losses. Toray Industries Inc holds Just under 50 per cent of Textile Alliance shares while Jardine Matheson and Co Ltd and C. Itoh and Co Ltd
      Reuter.  -  449 words
    • Article
      Lock icon Higher gold lifts Central Norseman
      151 9 Reuter MELBOURNE: Central Norseman Gold Corp NL said its unaudited consolidated operating profit came to A 55.73 million 1»4.87 million) for 52 weeks ended June 27 on turnover of 12.72 million (11.65 million) and other income $647,000 265,000). Profits is after depreciation and amortisation $634,000
      Reuter  -  151 words
    • Article
      Lock icon Esso, BHP well
      113 9 Reuter MELBOURNE: The Seahorse One well in the offshore Glppsland Basin, Victoria, recorded some hydrocarbon indications in a core from the interval 1,411 to 1,476 metres comprising slltstone, shale and coal. The Broken Hill Pty Co Ltd (BHP) said the significance of the indications will be evaluated
      Reuter  -  113 words
    • Article
      Lock icon Security Pacific talks end
      54 9 Reuter HONGKONG: Negotiations for Security Pacific Overseas Investment Corp to buy all new ordinary and preference shares of the Bank of Canton Ltd It does not already own have ended. The companies said they could not agree on terms over the proposed cftsh offer. No further
      Reuter  -  54 words
    • Article
      Lock icon COMALCO MINERS ON STRIKE
      68 9 Reuter SYDNEY: About 800 bauxite miners at Comalco Ltd's Weipa mine on Cape York peninsula in the far north of Queensland are on strike. The men voted to stay out for a week in a dispute over fringe benefits. Elsewhere in Queensland, a strike which began
      Reuter  -  68 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      351 9 The LIFE! Library Of Photography itf'Sirra he, P s y° u to see 1 great picture possibilities -all around you... r am CW (I H N. The Life Library Of Photography Each volume measures 10'/< 70V< inches (26 x 26 cm). Hard cover, silver stamped black cloth binding. 240 pages.
      351 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1853 10 810 and offer prices officially listed and business in and reported to the Exchange of Singapore yester- day with the number of shares traded shown in brackets in lots of 1,000 un- Its unless otherwise specified AH Time Settlement Contracts are quoted after the word "sett." Big Board
      1,853 words
    • Article
      Government bonds
      62 10 4 3/4* 15/9/89 (250.000) (100.108 100.355) (8) 100.15 5% T F 1/5/83 (250,000) (100.358 100 455) 5 3/4% T F 15/VBl-84 250.000) (102.555) 7 1/4% 15/4/86 (250.000) (100.75B) 7 1/4% 15/10/86 (250,000) (100.75B) C 1/2% T F 15/J/87 250,000) (100.458 100 60S) 6 1/4% T F 1VV»1 (250,000)
      62 words
    • Article
      Stock options
      42 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday m. with the number of options traded shown In brackets. U OB (Sept— $2.50) (10) 1.16.
      42 words
  • Article
    SHARE INFORMATION SERVICE
    2549 10 "C.1979 High Low Lut Company Sale +orGr'i Gr's Net Dhr Div Yfd P/E Vol Day C'vr ('000) High Low SECTION ONE INDUSTRIALS 241 233 172 219 200 s.i 83 270 289 210* 555 132 123* 112 133 195* 80* 162 173* 140* 256 Acma Alcom Allied Choc
    2,549 words
  • Article
    Unit trusts
    155 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iMtuitn' prkd fee Aag 14) (Currsat p rtoas) r.07 1.13 The Commerce 2 31 2.45 INCOME BOND The Saving Fund 1.45 1.54 S pore Prog Fund 1.13 1.20 MARA BUM1PUTRA FUND S pore Security (Managers prices tar Aug 14) Fund IN 2.11xd
    155 words
  • Article
    In Kuala Lumpur
    1770 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»">rwlse specified. INDUSTRIAL! AJinamat* (2.758). Al**m (2 448 2.468) (2) 2.44 (3) 2.43 (1)
    1,770 words
  • Article, Illustration
    Finance in the lead
    994 10 THE finance section was the leading sprinter on the Stock Exchange of Singapore yesterday. With the exception of Malaysia Building Society which was untraded, the share prices of the baahs and houses roee dramatically as if they were making up for the times they lagged behind.
    994 words
  • Article
    Trading fairly active in KL
    605 10 FINANCE and property stocks shone amidst generally steady conditions on the Kuala Lumpur stock market yesterday. Trading was fairly active. Buyers were again In pursuit across a fairly wide front after the weekend break and prices were marked marginally higher at the opening. Finance shares
    605 words
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  • COMPANY NEWS
    • Article, Illustration
      Steamers casts anchor in calmer waters
      1018 11  -  ASSOCIATES BOOST PROFIT :By ARTHUR NG A| MARKED increase In profit contribution from associates William Jacks (Malaya) and OIL (Asia) h'elped propel Straits Steamship to even calmer waters for the first half of the current year ending Dec 31. 1978. Group pre-tax profit turned
      1,018 words
    • Article
      COMPANY MEETINGS
      100 11 PAPER Products (M) Bhd: AGM to be held at the Conference Room, UMBC Building, 3rd Floor, Jalan Suleiman, Kuala Lumpur, at 12 noon on Auk 19. Kesang Tin (M) Bhd: AGM to be held at Tlngkat Kedua, Blk E, Kompleks Pejabat Damansara, Damansara Heights, Kuala Lumpur at 10.00
      100 words
    • Article
      DIVIDENDS ANNOUNCED
      274 11 Current payment Es Date Book* close Date payable Total for the year Total for previous year Riverview Sanyo Inds. (M) S pore Glass (1974) Pegi Malaysia L'td Malacca M Cement Pan Electric S. Darby Unsec Loan Stk M Tobacco Berjuntai L. Perak B. Kawat Island and Pen (JOB
      274 words
    • Article
      SCRIP ISSUES
      107 11 Compunx Particulars Ex Date Books ClOSr ScntoM Ply Bonus issue of 1 (or 4 Aug 30 Sept 12 tirwl fjilfrn Life M'sia Krrdmilli Svnlhplic Knins Bonus Issue ol 1 for 2 Rights Issue of 1 for 4 (o'Sl no per share Rights Issue of 2 for 5 <<»S1
      107 words
    • Article, Illustration
      Buoyant conditions fuel Lien Hoe profit
      508 11  -  ■r LOW LEE CHOO REFLECTING the extremely buoyant trading conditions in the steel and wire products market and the strong support for its share price, Lien Hoe Industries staged a strong recovery at the interim stage with sharply higher earnings and sales. Unaudited group
      508 words
    • LATEST RESULTS
      • Article
        PUBLIC Textiles Bhd:
        73 11 Group net 1977 profit M 5221,418 (loss $17,494). Turnover $9.56 million ($9.81 million). Parent company net profit $202,841 ($21,973). Turnover $9.21 million ($9.57 million). The company said despite import quotas on the group's exports, which lowered sales, the group managed a better performance in 1977. The group
        73 words
    • Article, Illustration
      Dunlop(M) considers major tyre project
      553 11  -  By SOH ENG LIM A MAJOR tyre project is being considered by Dunlop Malaysian Industries Berhad as part of the plans for expansion and development now in the pipeline. Disclosing this, the managing director Tunku Dato Ahmad Yahya said the company was also considering a
      553 words
    • Article
      Moving into building fields
      202 11 DUNLOP Malaysian Industries Berhad Intends to expand further Into the field of manufacturing products used In the building and housing Industries. This will be in line with the major expansion which Is already in the pipeline for Increasing the capacity of Its subsidiary, H R Johnson,
      202 words
    • Article
      Exchange queries Acma on three issues
      247 11 ACMA Electrical Industries has been questioned by the Stoch Exchange of Singapore on why- it has not made immediate disclosures of the following: the seven-year export incentive that it was granted in the Ebonomic Expansion Incentive (Relief from Income Tax) Act, 1967, effective from
      247 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      121 11 Love 01 The e ne oolong n x k X 4 N \O~, 7 -V "r, >/ 1 y. r i Kannoth Lo, th« wad-known Chlnw c« WilWi| HIM OQUC99 wit r#fO#f lO u)f llCfwilQl CNwm cooking, ind Qhfti on ftnolght ftntc dish moftn oourooo, No proprooooo through pi to
      121 words
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  • Article, Illustration
    $4m — the Score by captive workforce
    689 12  - $4m the Score by captive workforce SUCCESS IN REHABILITATION r *y PETER CHIA of the Singapore Corporation of Rehabilitative Enterprises' {Score) produced total output worth $4 million for the year ended March 1978. Most of the industries participating in Score's industrial rehabilitation scheme are export-oriented, ji/fth the products going mainly
    689 words
  • Article
    Anti-trust men throwing in the towel
    360 12 JTOP American anti-trust lofticials are becoming Increasingly willing to admit "thare is not very much they •can do to stop the current &ave of mergers, despite their concern for the consequences. The answer, they say, lies with Congress. Testifying recently before the House small
    360 words
  • Article, Illustration
    Lock icon Cuts and thrusts
    427 12 Reuter. THE 1978/79 Australian budget is expected to reflect the government's antiinflationary stance. Bankers and economists in Sydney and Melbourne said they expect Treasurer John Howard to announce a budget deficit of AS2.B to $3 billion (557.3 to $7.8 billion) in his budget speech to Parliament today.
    Reuter.  -  427 words
  • Article
    Lock icon Tokyo Exim to buy dollars On forex
    670 12 Reuter THE semi-official ExportImport Bank of Japan said it is considering buying dollars through the Tokyo foreign exchange market for loans to importers under a foreign currency lending system to finance emergency imports. The bank refused to say when It hopes to start
    Reuter  -  670 words
  • Article
    Two charges stay
    615 12 LAWYER Khoo Hln Hlong was cleared of a charge of criminal breach of trust yesterday but was called to make his defence on two other charges of abetting businessman Cho Jock Kim of committing CBT. Mr. T.S. Slnnathuray, senior district Judge, acquitted Khoo without calling for his
    615 words
  • Article
    Lock icon CLOSER SOUTH-SOUTH TIES
    647 12 Economist DEVELOPING countries should have closer commercial ties with one another, as a way of changing the old economic order, Instead of the poor South continuing to chafe at the rich North's domination of world GNP and trade. The main reason why this Is not so is
    Economist  -  647 words
  • Article
    LONDON STOCKS
    780 12 LONDON. Mon. Prices closed lower and trading was subdued ahead of today's UK trade figures, dealers said. At 3 p.m. the Financial Times index was up 1.9 at 512.9. Government bonds showed losses ranging to v« point and leading Industrials were a penny or more easier. However, Unilever
    780 words
  • Article
    Lock icon Protectionism rose in West says IMF
    253 12 Reuter. INDUSTRIALISED countries resorted more frequently to protective trade measures last year and early this year. The International Monetary Fund, In Its annual report on exchange rates, said the trade-Impeding effect of these measures by a number of developing countries has been detrimental to
    Reuter.  -  253 words
  • Article
    Lock icon Sustained growth for Taiwan
    159 12 AFP TAIWAN'S economy this year Is expected to grow at a rate of 9.5 per cent because of sustained and continued recovery. The Taiwan Economic Research Institute estimated a 10.4 per cent growth during the first half of this year. However, it reported that second-half growth
    AFP  -  159 words
  • Article
    Japanese customs clearance surplus lower in July
    226 12 JAPAN'S customs clearance trade surplus fell to US$2.O7 billion (about 554.76 billion) in July from downward reviaed $2.36 billion in June, but higher than $1.45 billion in July, 1977. The Finance Ministry announced in a preliminary report that July FOB exports rose by
    226 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      143 12 a Major corporation* ora now thovini mciMiW iiittml in Hi* man and woman with Data Cornell* training. Each yoot, Mort and mora iMdmf business and industrial firms or* ifomorin) their promising men and wornon through this international court* to holp "grow their awn" eiecutiva* and supervisors. the fact that tha
      143 words
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      Page 12 Advertisements Column 2
      3 12 Leader Page 6
      3 words
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      Page 12 Advertisements Column 3
      193 12 iiiiisf -i n i iff iTLFTT iimiirMmiii Chip Putt golf course Floodlit Tennis courts and practice court Squash courts Swimming pool Sauna baths Clubhouse with 1 billiards/recreation room r '.9 !TT;t «<#• m Ardmore Park, in a splendid setting of greenery and tranquillity close to Orchard Road, is undoubtedly one
      193 words
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  • Article
    SHIPPING TIMES
    4260 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Unc involved, and the estimated dates bf arrival and departure from Singapore port. t Consortium* ScanDntch baa a Mat riee
    4,260 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      351 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents: Barber Un«* Singapore Pte Ud Harrisons ft Croslietd KuaU Lumpur TeJ: #0750/5 Pernas- MISC Penang Tel. ***** SHIPPING I Q SANKYO LINE] AUSTRALIA SERVICE P. Ketang Singapore Loading tor: KVOTEN MARU 17/19 Auc 20/21 A«i SYD. MEL. ADEL MAYCARP 25/26 Aug
      351 words
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      Page 13 Advertisements Column 2
      391 13 TRANS-C-LINE E»press full container service to/lrom European inland destinations with 21 days transit All VESSELS ACCEPTING FOR/FROM KMT WRING U/l li I*"*1*"* »ntw«tp Iml Soket". Out** Muncnter CASTLE I S/1 Khi DuMetOorf/FriiiMwt/GenoM Hwnbur| CHAI VAREE V.S/M tllill/IUw«ll/Wl/MmicVNe»te»/ FROM EUROPE THAN* VAREE V 7 Merry Viking *.7 London Mifmftn/MiUfl Munich Ntp4«
      391 words
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      Page 13 Advertisements Column 3
      255 13 ANHSING LINE KCUIM KMI CMTMRH/IMU SEWICE S pan fMm LMdmj tor UNION BOSTON 22/2* UNION AUSTAAII* K/M M MSINC |A LORD STEAMSHIP CO. TMMM/STIMTS/TMIIM EIMKSS UNEt St(f\ S.A. lMdi)i( tw Pwt K LOON MSINC IOONfM SPORE fftUW »/?7Aa| l/ISt®< 3# 31M I/IS** *1* PHILIPINE ACE LINES INC. SPORE l.» MOLAVE
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      59 13 NOTICES DOWA LINE CO. LTD JAPAN M.V. "KENDARI IV" Voy. 12A Arrived 7.8.78 <$ P.P. Wharf Godown 302 General survey on damaged cargo discharged ex the above vessel will be held on 15th August 1978 from 9.00 a.m. to 12 p.m. No further survey will be held after this date.
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      12 13 SEA \y /Aland ANNOUNCING LARGER FASTER NEW BHIPB CALL FOR DETAILS: *****22
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      729 14 SHIPPING FULLY CONTAINERISED TO EUROPE s pore P K«Unt H'bwf Hon (ton Eipms Kitwo M*u Kowloon Bit T»*I« Bij EXPRESS CONVENTIONAL TO EUROPE Spore PKetont Ptn. Mb* 6«*m H'btift Bhwnßdam Thurwfu 17/8 11'9 4'9 22/9 15 9 18 9 Mumtcrtand 20 8 5'9 16/9 22'9 13 9 HoMtmtt... 6/9 8
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      467 14 BBS Barber Blue Sea From: US ATLANTIC US 6UIF I EAST CANADA Tataytay 1 T»h«t I **21/29 i*s 5 Od«/s S«p< 1/2 Oct 7/9 Zn Oct 4 Sept 14 0(15 lb Oct? ns it Oct io 5*20 Oct 12 Sept 29 Oct 12 Scot 23 Oct 5 Oct It Oct
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      Page 14 Advertisements Column 3
      695 14 land U.S.A./ ASIA SERVICE DtT REFRIGERATED COWTAIMER SERVICE CANADA CARIBBEAN. JAM*. KOREA. TAWAN, HOW KONG THAI LAMP AMD PHIUPPI VESSEL/VOYAGE WORLD LION V 6 Au C i7/i« Auiie WORLD TIGER V 7 A« 24/25 A„ f 23 WORLD LION V 7 A«I30 WORLD TIGER V 8 DIRECT SERVICE TO MID-EAST
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      Page 14 Advertisements Column 4
      979 14 Everett Lines! Burma Five Star Shipping Corpn. jßk "BURMESE NATIONAL LINE" LOADING FOR RANGOON sou** W/rt WS B F.S.S.C Agents in Malaysia TEPS MALAYSIA Port Kelang Tel (3«) 7355 Penang Tel. *****/***** 'e. Compania Argentina Oe FAR EAST/MEXICO I CENTRAL AMERICA LOADING FOR ENSENADA. MAN2ANILLO. ACAPULCO ACAJUTLA CORINTO. SAX JOSE.
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      Page 14 Advertisements Column 5
      629 14 Orient Overseas Co*dci*teA. Line H FULLY CONTAINERISED SERVICE FROM I CHEVALIER PAUL 12E NEPTUNE CORAL K NEPTUNE PEARL lOC CHEWLIER OOZE 10E HKONG CONTAINER HE MERCATOR K ORIENTAL CHIEF lOC S SEAS BRIDGE 17E EUROPE (VIA SUEZ) Kmslmmi Osaka Ttfef* 25/8 28 8 30/8 30/8 2/9 4/9 8/9 11/9 13/9
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      1148 15 QCL Overseas Containers Limited CMTUKISRir SERVICE T8 N/CMTIMRT: Htt'l P. Kelang D mark KUt MT II >«■ 71 Aag 11 if HUH* 25 21 Aag HW NMiMumu i seat iisift k I TAMO MARU tw MWIOOM UT 11 Sfft 11 SR|t 4 Oct TOATO MT 20 SRRt *»t f BENALOER
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      991 15 Ck^jLmeand AMERICAN PRESIDENT LINES •TRAIT* EXPRESSTOKTAIMKR SERVICE Ludiag tar New YkV East Curt aa* Cuff par* n tai Las Atgilts. Saa F ram set iM Sntttt ..i 1 L Aagtite Atl/Ca* Lite lD<icb> .D'tecU a (,s 1' Aug 12 Sept 1( Seot »<ii 1 (28 "«li < Sept 27 Sect
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      Page 15 Advertisements Column 3
      1002 15 ens 4#7/££2 SMINM P. Ml** KMC P'HMtN rOAM HAVRE SOTON W. IMM fqaci Ml U.K. Sc»nflina» 1 Antwerp vj.»l m u Aat r *«■> n kn *«t THAMES MARU tkM llM 1 >*M« lint S Sett I bfl I Sept ii>. r Aat. KSttt iiteft niwiiitm, is«ft lENAVIN »*3 77
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      890 15 Scan Dutch IX EXPRESS CONTAINER SERVIC WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA 1| hull— tMW 2) AaiterOaa Aitvwp u Newt, Oito*. task. Sutkaoptn L.terpMi. OntM lii|lw 1) Mm. InMhiH Aartu cwntafn Hetsoki Mm. StKtteta. hk. -I. fieO-r .e<SIU accept.* C|l|l f«, tMCkd EASTBOUND FROM MED/UK/ ONTINENT/SCANDINAVIA #<"! i\ H bull 3> B
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      753 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. LOANS FMt L S. AFRICA SEMCE 'Mauritius. Reunion Du'ban. E.L.. P.E.. rapetow) Kuantan ITU Aat S pore M k«i 1 S<| P Keianf 1/1 hf r»M un i tam traiu m iuuk imu SUSANnE SltU Penanf P Keianf 11, 73 Aa I Spore
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      1058 16 K line KAWASAKI KISEN KAISHA. I.TD (VIA artZ) By Cortxaor Vessels loaori S'aore P Kelang I.Havre H'burj Bremen R'dam A'werp ORIEHTAL CHIEF IIW II An Jl J II Sept 11 Sept 13 Sep« SEVENSEAS BRIBGE 17W 24 An 25 Aif 13 Sept IS Sept 10 Sift liSeft IS Sept CRESWCHER3W
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      Page 16 Advertisements Column 2
      961 16 E. C.-U. S. JL ATLANTIC/GULF SERVICE ACCEPTING FCLOa COITTAMOS HM SPORE. P. KELANG. POMJK leMin tar; NONFOLA. NEW TOM BALTIMORE, XI NUUt. HOUSTON Singapore P. K*iM( Mam tawf VCSSU" E.C./GREAT LAKES SERVICE laaPag tar IW(U NEW Tin. MONYWAI. TOOOWTO. UTtNU. DETROIT, CNICAOO. »»nang B«l»>n P. Keiang snftett -VISNVA SNIM (NASA
      961 words
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      1111 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: Tl EMOTE OTU SKA* S pore P. S hjmptot M£r| BfW ORIENTAL CHIEFt II In U*n SSept 11 Sep SEVEN SEAS MIOCE 24 An 25 km. 11 Sipt ORIENTAL RESEARCHER 31 An 1 S«pt II Sept 22 S«* 23 Sept NEHUNE CORAL 12
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      637 16 v_ MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA HSl—i= Spott 1) aase.llel 2} *OM> X Nkarf 4) Gbwr, FRANCESCi Sa.lea NIMN Sa.M M/ I 11/ I 1/ 4/ B EUANORA 18/ Hit BEJIMA 22/0 4/ B I' I 11/ 11/1 FUacruA a/ a totama n/1 11/
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      741 16 t INTRASEA (PTE) LTD. f .ibet House 3-2E O'C^.i'C hO,l f. Sinq.iport Telephone 7 »t sni/FMi container scivicc to S tore P. Keierif Ptwf LMtKf ti 24 A* 21 Ae| H>ir( n INTIASIA (PTI) 1T8—*****1-aBBf INC—- TU SNIPPIM ft TIMINt—2MM. IWI IKTtV CXIUU MAPIIIMI SBN BNB-1N IBISN BAB ID) Mtn
      741 words