The Business Times, 26 August 1978

Microfilm: NL9799
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, AUGUST 26, 1978 50CENTS
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  • BRIEFLY...
    • Article
      Lock icon 'No' to Pertamina
      81 1 AFP JAKARTA, Fri. The Indonesian government does not allow the state oil and gas company Pertamina to secure foreign loans directly as It did In the past, Minister for Mines and Energy Dr. Subroto said today. His statement was made to avoid "press conclusions" abroad that the
      AFP  -  81 words
    • Article
      Lock icon Energy talks
      63 1 AFP TOKYO, Frl. The United States and Japan will hold their first consultations on ways to step up cooperation In developing new energy, coal 11queficatlon and high energy physics, the Foreign Ministry said. Holding such bilateral consultations was first proposed by President Carter in May and agreed upon
      AFP  -  63 words
    • Article
      Lock icon Leasing Jumbo to BA
      65 1 Reuter TOKYO, Frl. A group of 12 Japanese companies will sign a contract on Monday to lease a Boeing 747 passenger Jet to British Airways for 10 years, the Japan Leasing Corporation announced. The corporation, which leads the group, said It will announce details of the
      Reuter  -  65 words
    • Article
      Lock icon De-register threat
      63 1 UPI SYDNEY, Fri. The government today began moves to de-reglster a 26,000-member technicians union whose 26-day strike has disrupted telephone, telex and computer communications throughout Australia. If the de-registration request by the Australian Telecommunications Commission is approved by the Conciliation and Arbitration Commission, Telecom could take any action
      UPI  -  63 words
    • Article
      Lock icon Thieves of time
      92 1 AP LONDON, Fri. Wasting time at work is the biggest undetected crime in Britain and will cost the battered economy an estimated £5.3 billion (5522.7 billion) this year, a US personnel organisation says. The average British worker steals three hours, 20 minutes a week by arriving late,
      AP  -  92 words
    • Article
      Lock icon Asean's hope
      49 1 AP KUALA LUMPUR, Fri. Malaysia's Foreign Minister, Tengku Rithauddeen expressed hope that Australia would respond positively to the Asean-Australian consultative body set up to facilitate trade between Asean and Australia following an hour-long meeting between the Foreign Minister and Australian Minister for Special Trade Representation, Victor Garland.
      AP  -  49 words
    • Article
      Lock icon Dow Jones
      85 1 UPI NEW YORK, Fri. Stock prices were lower in early trading today despite the strehgth of the dollar in trading on foreign exchange markets. Turnover was moderately active. The Dow Jones industrial average was off 1.12 to 896.22 shortly before 11 a.m. It recorded a fractional gain yesterday.
      UPI  -  85 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rises Most active Consplant WrU 500 +38 Haw Par 589,000 583,000 485,000 402,000 386,000 OCBC 1040 +20 Cons Plant Kings 320 +20 Harimau M Banking 535 15 SPPL Kuala Sidim SPPL 275 146 15 14 UOL YHS 364 12 Total Turnover: 16.21 m Cons Plant 232 11
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    • Article, Illustration
      In Kuala Lumpur
      170 1 Rises Most active O.C.B.C. 11.00 .70 Consplant 1,199.000 F and N 6.50 .55 Conplt Wrt 5.10 .32 M. Credit 956,000 M Bank 5.50 .20 S. Darby 765.000 Consol Pit 2.38 .16 Haw Par 665.000 Sanyo 4.88 +.14 Total Turnover: 10.74 m Isl and Pen 4.14 +.12 Total
      170 words
  • Article
    Shield for office and shop buyers
    930 1  -  GOVT ACTS ON ABUSES ■y QUEK PECK LIM TEO TECK WENG PURCHASERS OF shops and offices are soon to be accorded some degree of protection against unscrupulous deals. This follows a Ministry of National Development announcement that it is looking into the control of
    930 words
  • Article
    Lock icon IMF RESERVES TO STEM $ FALL?
    206 1 IMF RESERVES TO STEM FALL? Reuter THE US dollar strengthened against major currencies yesterday, following London Financial Times report that the United States was prepared to use its International Monetary Fund (IMF) reserves in its attempt to halt the dollar's decline. But doubts were immediately raised about how long the
    Reuter  -  206 words
  • Article
    B'desh offers investors a package deal
    623 1  -  By FONG MEW LENG THE BANGLADESH government has finalised an Investment plan for Singapore Investors that Includes tax concessions, tax holidays, lower Import duties for raw materials, equity participation for foreign Investors and repatriation of profits. This was disclosed yesterday by the secretary of
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  • Article
    KL woos Japan
    123 1 THE Malaysian Deputy Prime Minister. Datuk Beri Dr. Mahathir Mohamad, will visit Japan in late October to persuade industrialists there to invest in Malaysia. He will he there for two weeks as a guest of the Japanese government. During discussions, he would explain Malaysia's internal problems and
    123 words
  • Article
    MAS will urge tit for tat cuts in SIA flights
    308 1 MALAYSIAN Airline System intends to urge the government to reduce the number of Singapore Airlines flights to Kuala Lumpur should Singapore proceed with its ultimatum to cut the number of MAS flights to the Republic from Nov. I. A MAS
    308 words
  • Article
    Prime rate: Citibank sets a hot pace
    475 1  -  By SOH TIANG KENG CITIBANK, the pacesetter in changing the minimum lending rate In Singapore, has raised Its prime again. From Monday, the aggressive profit-orien-tated US bank will lift its prime by a point to 7'/» per cent barely three weeks after raising
    475 words
  • Article
    Lock icon Sime denies bid
    85 1 Reuter SIME Darby Holdings chairman Tan Slew Sin denied London market reports that Slme Is bidding for Guthrie Corporation of the UK. He reiterated an earlier company statement that the board had no present Intention to Increase Its Investment In Guthrie. Guthrie shares rose by 15 Vi
    Reuter  -  85 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      15 1 Everett Lines KM TNC MOST PMQUiMT S AIUMOS TO lAMOKOK MOMOKOHO J A#AN PUSAM. H9,
      15 words
    • Advertisement
      Page 1 Advertisements Column 2
      39 1 Samson itc creates OMEGA From the sleek new lines of the exterior, to thf 1 high performance interior functional design becomes a fine art m Omega See Omega. an< j v'Ou'll want t< > own it *B*Samsonite > i Eastern Agencies
      39 words
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      Page 1 Advertisements Column 3
      74 1 MODEBT rise in tin output aufurs wall A CRAFT with mugr pluses DECEMBER IS will make a world of a difference FORUM on Africa SOUTH-EAST Ada la the boat bat 7 MTC scrip widely discounted 11 UOI baa come a long way 11 GOVERNMENT, picks MRT deeiga croups 12 COLOUR
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    • Advertisement
      Page 1 Advertisements Column 4
      244 1 Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. Leader Page 6 i to Singaporean: ten times richer than an average Indonesian? K']|ll'frlilil'llilKi]iil£< between Singapore and Indonesiamyth and reality The latest issue of the ASEAN Business Quarterly is full of interest for the businessman (or woman)
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  • TRADE AND INDUSTRY
    • Article
      Modest rise in tin output is significant
      513 2  -  By A. KADIR JASIN in Kuala Lumpur THE Malaysian Primary Industries Minister, Mr. Paul Leong, is pleased with the rise in tin output during the first half of this year, modest though it is. Mr. Leong called this a significant event. This is
      513 words
    • Article, Illustration
      British Airways signs CA
      251 2 BRITISH AIRWAYS and Singapore Air Transport Workers Union yesterday signed a new collective agreement by which some 50 unionised British Airways employees will receive higher wages and enjoy better working conditions. Representing the airline was Mr. David Lowe. BA's manager for Singapore and Indonesia, and Mr.
      251 words
    • Article
      COMMENTS ON SISIR CODES
      105 2 THE SINGAPORE Institute of Standards and In* dustrlal Research invites public comments on three draft specifications: The revised code of practice for installation, operation and maintenance of passenger and goods lifts that specifies the requirements for Installing and maintaining lifts. The code on batteryoperated emergency power
      105 words
    • Article, Illustration
      ASEAN FAIR EXHIBITS
      159 2 EXHIBITION material for Singapore's 30 exhibitor* to the Asean Trade Fair is now on its way to Australia on the Anro Australia. The material was loaded into containers at Pasir Panjanf end onto the Anro Australia which tailed for Sydney last Sunday. The consignment of exhibits is
      159 words
    • Article
      Sizeable decline in KL trade surplus
      426 2 MALAYSIA'S trade surplus for the first four months of this year dropped by 32.2 per cent to M 5889.4 million from $1,292.4 million for the same period last year. Figures from the Statistics Department showed that the drop was caused largely by Increased lmporM
      426 words
    • Article
      Metal engineering shows steady growth
      261 2 OUTPUT of Singapore's metal engineering industry last year showed steady growth of 8 per cent to $1.3 billion. The Industry with about 66,000 workers, Is one of the largest employers In the manufacturing sector. According to this month's Singapore Investment News, a publication by the
      261 words
    • Article
      Lock icon Coconut venture
      32 2 Reuter THE POLISH Minister of Foreign Trade and Shipping, Mr. Jerzy Olszewski, met Philippine President Marcos and suggested the establishment of Joint ventures for the refining of coconut oil. Reuter
      Reuter  -  32 words
    • Article
      Buy Malaysia theme at manufacturers' trade fair
      388 2 ABOUT 96 participants from the government and lirtvate sectors will take part n the 16-day Federation of Malaysian Manufacturers trade fair beginning today. The fair alms to promote goods for the domestic and export market. It also hopes to create an awareness of
      388 words
    • Article
      Thai privileges for nine projects
      167 2 THE THAI Board of Invest- < ment this week gave promotional privileges to nine industrial projects involving a total investment of about 220 million baht (Ss2s million). A spokesman said the projects, which would provide work for 1,046 people, Include a 2&5-mllllon i baht Thai-Japanese
      167 words
    • Article
      Lock icon Exports on target
      52 2 AFP SOUTH KOREA'S commodity exports during the January-July period this year amounted to U556.75 billion (5515.19 billion), up 26.1 per cent over the corresponding period of last year. The Commerce-Industry Minister, Mr Choi Gak-kyu, said Korea will achieve this year's export target of $12.5 billion despite certain
      AFP  -  52 words
    • Article
      MEMO PAD
      381 2 COURSES AND TALKS 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 17-31: Manpower planning and employee recruitment, Holiday Inn, P.O.D. Aug 25: Japan-Singapore trade, Shangri-la, NPB Aug 28-Bept 29:
      381 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      454 2 HONG LEON6 FINANCE LIMITED (Incorporated in the Republic of Singapore) Half Yearly Report 30th June 1978 On behalf of the Board of Directors It Is my pleasure to announce the unaudited results for the half year ended 30th June 1978 together with comparative figures for the corresponding period of 1977.
      454 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      603 2 LI TWO-IR-OVE CROSSWORD I CRYPTIC PUZZLE ACROSS 1 Cup for pedestrlanlsm? (6) 7 Arrange to provide lofty music? (8) 8 Are they fast digested? (4) 10 They're handy for fights (8) 11 Underneath which to dream? 14 Water meadow (3) 16 Pettishly spiteful? (5) 17 Have they no clothes sense?
      603 words
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  • OVERSEAS
    • Article
      Lock icon Revival of US M1 growth may spur rates
      923 3 NYT Reuter OROWTH IN the US money supply, after the summer slowdown has begun to accelerate. If the trend becomes more pronounced. It is likely that Interest rates will again start to climb, money market analysts warned. Economists emphasised that one week's
      NYT; Reuter  -  923 words
    • Article
      Oil firms suffer drop in earnings
      168 3 TWENTY SEVEN major international petroleum companies, whose combined operations account for the bulk of the nonCommunist world's oil output, earned US$2.B billion (556.3 billion) net profits for the first quarter of this year. The Chase Manhattan Bank In the latest Issue of its monthly
      168 words
    • Article
      Lock icon Fukuda likely to promise Saudis full cooperation
      313 3 UPI JAPANESE Prime Minister Takeo Fukuda will probably pledge full cooperation In a Saudi project to build a large-scale petrochemical complex when he visits Saudi Arabia early next month. Mr. Toshlkazu Hashimoto, councillor In the Ministry of International Trade and Industry asked Japan's
      UPI  -  313 words
    • Article
      Lock icon STRIKE RESTRAINT
      568 3 UPI Agencies Agencies ITALIAN trade unionists are to start a debate on "self-restraint in the right to strike," It was announced by Mr. Agostlno Marlanettl, deputy general secretary of the pro-Communist CGIL Union. He was also speaking for the CISL (Christian) and UIL (Socialist) federations, representing in all
      UPI; Agencies  -  568 words
    • Article
      Lock icon Forecast of a slight upturn for Bonn
      376 3 Reuter WEST GERMAN economic growth should pick up slightly In the second half of this year. The State Secretary at the Economics Ministry, Mr. Otto Schlecht, however said growth which Is well above 3 per cent In this period would ensure a rise
      Reuter  -  376 words
    • Article
      Senators gang up to throw out gas bill
      702 3 A COALITION of 18 Senators spanning the political spectrum have Joined force to defeat an already Imperiled natural gas bill that President Carter has called vital to the nation's economy. Nine of the Senators appeared at a news conference to denounce the
      702 words
    • Article
      Canada decontrols natural gas prices
      199 3 CANADIAN Finance Minister Jean Chretien announced an economic stimulus package that includes a proposal to deregulate natural gas prices and a reduction of social assistance for the elderly and the poor. The Federal government Intends to bypass a scheduled Increase In crude oil prices and
      199 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      135 3 r X &i Hi --A.' l*& i, > r a I '■>. i?w A.. J.-;;'..; *v ,< i»J v >--C 1 <**«««*•■* BKBEES#'" Si 4 ifsiU Li ran *fcf o ltt 15 3 fc| These tiny buttons on your IDD telephone can put you in touch with London* in a
      135 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      354 4 THE Singapore market yesterday closed slightly lower with September One RSS buyers quoted at 241.25 cents per kilo, down 0.75 cent from Thursday's close, dealers said. The afternoon session gained some ground on reports of China acceptances but fell back latterly on renewed profit-taking and selling.
      354 words
    • Article
      RAS PRICES
      321 4 R A 8 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.
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    • Article
      SSR AND SMR
      90 4 NOON SSR and SMR prices yesterday: RAS September (Current Mth) Buyers Sellier* (cent* per kg) October (Forward Mth) Buyer* Seller* (cent* per k«) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 217.00 215.00 219.00N 217.00N 218.00 21«.0®»220.00N 218 00N MRELB SMR5VCV (1-tonpallet) SMR5L (1-ton pallet) SMR 5
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    • Article
      Palm oil
      80 4 C I F North European ports, in US dollars per ton unless otherwise stated. LONDON: Thursday Previous Malaysian b% ffa bulk per tonne October Sumatra 5% ffa bulk August September October November December January Nigeria 5% ffa bulk stg ROTTERDAM: Sumatra Max S August 7aire (Belg francs per
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    • Article
      Closing prices
      31 4 Rubber: Aug 25 Singapore: Sept 241.25 cents (down 0.75 cent) Malaysia: Sept 247.00 cents (down 0.50 cent) Tin: M 51.780 (down $25) Official offering: 187 tonnes (down 10 tonnes)
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    • Article
      Wheat
      75 4 CHICAGO wheat futures on Thursday closed 3% to 5V4 cents a bushel higher in trade sparked by unconfirmed rumours of a wheat sale to the Soviet Union. Aside from the rumoured sale, traders said wheat futures garnered support from advances in soybeans, with heavy local buying a feature in
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    • Article
      Soybean
      59 4 CHICAGO technical buying and a lack of active selling pushed soybean futures 8-3/4 to five cents a bushel higher at the close on Thursday. Traders noted commercial buying of September contracts and selling of November on spreads. Soybean oil futures closed 0.61 to 0.30 cents a lb higher while
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    • Article
      Rice
      174 4 BANGKOK rice In US dollars per tonne F. 0.8. basis quoted yesterday: White Rice: 100 pet Ist class 397. 100 pet 2nd class 382. 100 pet 3rd claas 377. spet 372. 10 pet 347, 15 pet 342, 20 pet 342, 25 pet 327, 35 pet unq. Broken: A-L Super
      174 words
    • Article
      Produce exchange
      378 4 SENTIMENT generally improved on the Singapore produce market yesterday with the exception of pepper. The easier trend of this commodity was maintained with white pepper falling by another $2.50 per plcul while black remained unchanged for the moment. A packer said the trading was dull and featureless. Shipment
      378 words
    • Article
      Hongkong Comex
      109 4 THE sugar market firmed about 0.15 US cents in continued dull and thin trading yesterday, ahead of the long week-end holiday, dealers said. Turnover was six lots. The Hongkong dally spot sugar price firmed 0.05 of a cent to 7.05. Sugar future* closing price* am Prr» CW Sept
      109 words
    • Article
      Cocoa
      169 4 COCOA futures closed about unchanged to C 6 lower on a turnover of 1,766 lots including two options in London on Thursday. Brokers said values slipped in final trading after an earlier chart gap had been closed. They said some Continental and East European buying interest appeared at the
      169 words
    • Article
      SPOT PRICES
      111 4 CLOTH in Hongkong dollar*, wholesale prices, spot exgodowrr CoUra CMk: India Drajon Head «i6 j »s;ssufizsm 68.00. Drills: HK Kow Fook Brand (No 202 60.00, Japan (No 2024 60.50. WUu Cloth Japan No 10,000 Three Peaches 121 «0, Ho MM n 00 No 16,000 Flylnf Dragon 123.50. (per
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    • Article
      Straits tin
      261 4 THE Straits tin price in Ptnang fell Ms2s per pica to $ISM Conditions turned easier following lower London advices and lack of fresh factors although there was a further reduction In tin supplies, they said. The drop was a correction to bring the Penang tin market more in
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    • Article
      Coffee
      284 4 ROBUSTA futures ended yesterday, the opening call "about steady" £9 per tonne down to unchanged. Turnover was 297 lots in London. In light routine dealings, values eased slightly after initially trading around £10 up from Thursday night. November lost £4 at a mid price of £1,452 after an Initial
      284 words
    • Article
      Sugar
      344 4 SUGAR futures yesterday were up at the opening can in London by an average £1.56 per tonne in London. Dealers said the market was holding reasonably steady on sporadic covering in front of the long holiday weekend. They said the Colombian selling tender of 12,000 tonnes of raw sugar
      344 words
    • Article
      US dollar leaves market unchanged
      333 4 DURING the earlier part of the period the market lost some 4-1/2 cents, but recovered well to finish about unchanged on balance. Trading conditions were active at times generated by speculators, local and upcountry dealers. The easier tendency at the outset was mainly due to
      333 words
    • Article
      Copper
      323 4 COPPER wlrebars on Thursday closed £0.50 down In London. Three Months were £0.50 up. Cathodes finished one sterling down for both cash and Three Months. The contango widened from £13.50 to £15 per tonne. Traders said the market featured dealer selling, which they assessed at about 2,500 tonnes. There
      323 words
    • Article
      Silver
      168 4 THE Hongkong market yesterday closed at HK8258.50 per 10 ounces with no trades recorded, dealers said. The fixing price rose $1.50 to $258.50. Silver gained two pence per troy ounce for cash and Three Months on Thursday In London. Traders said prices moved in line with the bullion market
      168 words
    • Article
      Gold
      436 4 THE kllobar In Singapore yesterday opened at $14,557 and closed at <14,534. The highest and lowest of the day were 114,534 and 514.602 respectively. The market was active. Spot gold for London delivery opened at U*****.50/ 200.00 and closed at U*****.30/ 70. The highest and lowest of the day
      436 words
    • Article
      Zinc
      46 4 ZINC closed on Thursday with cash £1.50 up and Three Months £1 higher on the day and lacking particular feature, traders said in London. Morning prices scored small gains reflecting the trend in other metals, but finished the ring £0.25 per tonne lower for cash
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    • Article
      Lead
      54 4 CASH and Three Months lead both closed £1.50 per tonne higher in generally featureless trading which tended to follow the lead of copper on Thursday. On the kerb, Three Months finished at £341.50 to £342.0 per tonne. At end-morning, ring dealings prices were £1 up for cash and £0.50
      54 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        620 4 STRONG rumours of the US borrowing US$4-7 billion ($lO.B billion) from the International Monetary Fund (IMF) gave the dollar strength against major currencies on the foreign exchange market yesterday. After an apparent impatience with no further news of US moves yesterday to support the dollar, it opened lower
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      • Article
        Asian $ rates
        176 4 Asian rates ASIAN currency depoait interbank rate* m ekoac on Auf 29: US DaUan (Spat) Offer BM 7 days 11/4 61/6 1 mth 13/16 6 U/l« 2 mUu 61/3 1V* mlhi 66/6 11/7 Imilu 67/6 tntlu 9 1/1« 11 via I3mtha ti/t 8w. F*». DM. (MMdb Prtaaa) 1 mth J/6
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      • Article
        Discount
        43 4 RANGE of price* offered by discount houses on Au( 25 Overnight SS* CUI deposits J** 3** nii<«t B«ytM MN 3-month Treasury Mils 3»/l« 31/1# 3-month Bank UUs «l/l« •I'M 3-month CD 1/1 3/1 8-month CD (M M/I Source: National Discount Co Ltd
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      • Article
        MLR
        20 4 THE 6««tfi rat* at which Biafatere banks are lUwWtly prepared to lead to theirheat customer* is 7 per cent.
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      • Article
        London
        333 4 THE dollar yesterday stabilised at higher levels in quiet trading after showing gains in the Far East, amid continuing reluctance to take positions ahead of the long Bank Holiday weekend here, dealers said. The dollar's initial^upward reaction to a press report the US is prepared to draw on its
        333 words
      • Article
        New York
        212 4 THE dollar closed on Thursday slightly lower against major currencies. For the most part, the market displayed a steady tone with limited fluctuations through most of the day, dealers said. They said trading was generally quiet and this was a factor In the more orderly market pattern. Sterling
        212 words
      • Article
        Tokyo
        100 4 THE US dollar for overnight delivery closed higher at 192.00 yen, compared with a 190.50 opening. The dollar rose further in active late trading to 192.05 yen at one point before the close, after nervous early trading, they said. Trading was heavy with the volume $833 million, the biggest
        100 words
      • Article
        Hongkong
        107 4 THE US dollar firmed against major currencies in active late trading yesterday, dealers said. The dollar rose to a late 2.0120/40 marks from 2.0020/30 In California overnight and from its lower 1.9970/90 opening here, with some European Interest noted. It firmed to 191.90/ 192.30 yen, with the wide spread
        107 words
      • Article
        Australia/NZ
        54 4 AUSTRALIA/ NZ exchange* quotes yesterda/: US dollar 1.14 M/ 1 1448 Sterling 0 9977/ 0.9906 Ninety-day air mall buying rate*: Sterling 0.6169 US dollar 1 1637 My y buying rates: U8 doltr 1.1443 NEW ZEALAND Sterling 0 9455/ 0.5425 US dollar 1.0549/ 1 0449 Ninety-day airmail buying rate*: Sterling
        54 words
      • Article
        Euro $ rates
        58 4 Euro rates LONDON Eurodollar deposit* opening on Aug 25 Long weekend 4-V 4-14 Tuea/Wed and Wed/ Thun 6-3/16. 6-1/16 Call two day* 6-3/16. 6-1/16 Seven day* its and notice 8-*. 8-* One mth S-V Two mth* 6-v,. 6-H Three mth* 8-S. 8- S Four and (We mtht 6-15/16.6-13/16 Six mth*
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      • Article
        Frankfurt
        42 4 FRANKFURT exchanges closing quotes on Thursday: US 2.6600/15 Can 1.7570/90 5U_3.660/870 D Fl 92 .42/52 8 Ft 130 45/79 Ut 2.37/38 F Fr 45 .70/80 Yen 1.0435/55 B Fr (con) 6 373/363 B Fr (Hn) 6.176/166 N Kr 37 92/36 02
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      • Article
        Treasury bills tender
        48 4 RESULTS of tender held jreeterda* for fl-day Treasury Bills to be lamed rrom au« a to I Sept 1: Offered *35,000.000 Applied for: Allotted: ro.iao.ooo •39.000.000 Accepted btd* •M 12 approximately OW; Average rmte of higher Mda In full diacount on allotment: 3 406% pa
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      369 4 W Malaysian Tobacco Company Bhd. NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the abovenamed Comoany will be held at the registered office at 178-3, Jalan Sungai Besi, Kuala Lumpur on Friday the 22nd day of September, 1978 at 11.30 o'clock in the
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  • TRANSPORT
    • Article, Illustration
      A bargain is shaping up
      616 5  -  ANSWER TO FAST ECONOMICAL BOATS By TEO TECK WENG REGIONAL operators In search of fast, economical ferry, patrol boats or offshore supply craft will have the benefit of both the features, good performance and price when Bell Halter designs are ready for production. Two companies,
      616 words
    • Article
      Lock icon HEATH-ROW!
      196 5 AP BRITAIN stands firm under protests from Spanish and Portuguese airlines opposed to British government plans to switch their operations away from London's Heathrow airport. And the Department of Trade revealed that some flights to and from Canada and Scandinavia may also be transferred from Heathrow to London's second
      AP  -  196 words
    • Article
      Lock icon Qantas profit up to record high
      147 5 AFP QANTAS, the Australian overseas airline, made a record profit in the last financial year and will pay a US$6.4 million (5514.7 million) dividend to the Federal Treasury. The profit due to be announced in Federal Parliament within six weeks is believed to be
      AFP  -  147 words
    • Article
      Lock icon A dozen airlines apply to Australia
      83 5 AFP AUSTRALIA'S Federal Transport Department has received applications from 12 foreign airlines for permission to begin services to that country. They are Swissair, Scandinavian Airlines System, Aeroflot, Korean Airlines, Iranair, El Al, Alia (Jordan) Sabena, Air Mauritius, Aerolineas Argentinas, Lan Chile and Laker Airways.
      AFP  -  83 words
    • Article
      Almost back to normal
      28 5 CARGO handling at Buenos Aires port especially grain shipments are returning to normal after an- industrial dispute with stevedores was settled 10 days ago.
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    • Article, Illustration
      SHIPS IN PORT
      313 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Catamarca II (0700 after Chang. Shu) 38/39 Cosmos Altair (after Talabot) 47 Kimanis (0600 after Lumut) 20 Lica Maersk (after Musashl Maru) 33/34 Nedlloyd Spaarnekerk (0600 3/4 Sondershausen (after Musashl Maru) 35/36 Stolt Spirit (2000 after Team Hllwl) 15/16 Strathesk (1500 after
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    • Article
      Lock icon PanAm seeks merger with National
      561 5 Washington Star PAN AMERICAN World Airways, the nation's largest international airline, has proposed merging with National airlines, the smallest of the nation's 10 domestic carriers, in a US$3Ol-mil-llon (***** million) deal. The merger would provide Panam with domestic routes it has long sought and save
      Washington Star  -  561 words
    • Article
      Lock icon Airports brace for French go-slow
      278 5 Reuter UPI EUROPEAN airports braced for delayed take-offs and landings yesterday as French air controllers began an 11-day work-to-rule, with thousands of holidaymakers starting homeward Journeys on one of the year's busiest weekends. French airlines maintained all their flight schedules, but Spanish charter operators cancelled
      Reuter; UPI  -  278 words
    • Article
      Lock icon LONDON FREIGHT
      185 5 AP TIME CHARTERING remained in the forefront of freight market activity on Thursday. Liner and Chinese accounts still played a large part, but of particular Interest was the return of grain houses to that type of operation. Dreyfus engaged the 26,293 dwt John Alexakls at U554,400 per day
      AP  -  185 words
    • Article
      Lock icon French Airbus deadline surprises Britain
      185 5 AFP BRITISH official* expressed surprised at a French deadline, set for yesterday, demanding that Britain decide whether to join the Euronean consortium Airbus Industrie in producing the Airbus airliner. A spokesman for the Prime Minister, Mr. James Callaghan said he knew of no such limit,
      AFP  -  185 words
    • Article
      Lock icon A SINKING FEELING
      109 5 AFP BRITISH shipyards with an annual production capacity of more than 1 million dwt, received orders for only 77 440 tonnes In the first half of this year, the state-owned British Shipbuilders reported. The second quarter was a disaster, with only three small vessels totalling 2,150 tonnes
      AFP  -  109 words
    • Article
      Lock icon Successful bidders
      66 5 UPI MAJOR Japanese tanker operators who successfully bidded to have their very large crude carriers use to store crude oil, include Japan Line and Sanko Steamship. The US$2lO-mllllon project (SS4B3 million> Is organised by the Japan Oil Corporation. Twenty tankers will be used to store a total of
      UPI  -  66 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      736 5 ARRIVALS art— Local Operator Number TIM From CAL CI333 0040 TPE/HKO/KUL MAS MH6Q1 0700 KUL MAS MH882 0725 KCH SLA SQ101 0815 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000 HLP RBA BI323 1025 BWN
      736 words
    • Article
      Lock icon Largest ro-ro containership
      136 5 AFP THE 31,458 dwt Boogabilla, the world's largest roll-on, roll-off (ro-ro) containership was delivered to its owner, Scan Carriers, at Mitsubishi Heavy Industries' Nagasaki yard yesterday. The Boogabilla is the first of seven similar ro-ro ships to be delivered by Mitsubishi to Scan Carriers, a shipping company
      AFP  -  136 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      194 5 SOUTH EAST ASIA DEVELOPMENT CORPORATION BERHAD (Incorporated in Malaysia) HALF YEARLY REPORT TO STOCKHOLDERS COVERING ACCOUNTS TO JULY 31,1978 Your Directors are pleased to announce the unaudited results of the operations of the Company and of the Group for the half-year ended July 31,1978 as follows:— 31.7.1978 31.7.1977 Turnover Trading
      194 words
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  • Article
    There's no room for pettiness
    557 6 SINGAPORE'S long-drawn air services talks with Malaysia look close to breaking the previous impasse only to take a turn for the worse. A Malaysian newspapers report quotes the secretary-general of the Ministry of Communications there as saying Malaysia will take counter-measures If Singapore carries out
    557 words
  • Article, Illustration
    THAT FATEFUL DECEMBER 15
    1979 6  -  By TERESA LIM MOST Singaporeans will not react to the date December 15 with any special recognition. And yet that day this year has an important, almost fateful, significance for Singapore and all of the developing world. It will be when the seven major non-Communist economic
    1,979 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      284 6 >-_/].!}_/:=;{*!/@]$|.//&|,|}^( S.me Darby Hotel Royal-RAMADA Newton Road, Singapore 11, Republic of Singapore. Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Golden 71 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 best
      284 words
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      Page 6 Advertisements Column 2
      37 6 The best place to wine and dine in the worlds fourth largest harbour -15-" W t f I J EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      37 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair Report for 24 hours prior to 7.30 pm on Aug 25 at the airport: Maximum Temperature 32.0° C Associated Humidity 64 Minimum Temperature 24.8° C Associated Humidity *96 Hours of Sunshine 9.20 Rainfall in Millimetres nil Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      313 6 SINGAPORE 5 1.05 PM Opening announcements followed by Sesame Street 0 2.10 Saturday Matinee On The Riviera c Starring: Danny Kaye, Gene Tierney, Corinne Calvert, Marcel Dalio 3.35 Fish Fire 4.00 Soccer Malaysia Cup '78 Singapore Vs Perak (Repeat) 0 5.00 Sandiwara A Malay drama entitled "Sayang Di Sayang" with
      313 words
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  • Article, Illustration
    Lock icon Gambling—the government will always win
    1137 7  -  By JOHN FREEMAN Reuter ASIAN governments are filling their coffers with steadily-rising revenue from legalised gambling, but have yet to stamp out racketeers still reaping enormous profit from the Illegal side of the business. State-run lotteries and horse-racing provide the only legal gambling in most
    Reuter  -  1,137 words
  • Article, Illustration
    STRAWS IN THE WIND
    399 7 IF ANYONE doubted the grossness of some American TV programmes, they might lay such reservations to rest with the news that five plastic surgery patients will remove their face bandages live on screen for NBC-TV's "America Alive" show on Sept 1, revealing their transformation into replicas
    399 words
  • Article
    Lock icon Ways and means to woo the superstars
    902 7 NYT SILICON VALLEY like Singapore is retorting to Mine desperate measures to attract and retain electronics workers. All alone the 24-km strip from San Jose, California, to Palo Alto, where new electronics products are devised, expanding companies need more workers than they can
    NYT  -  902 words
  • Article, Illustration
    Kenya owes it to Kenyatta
    743 7  -  iwmMai f ...00 Africa •y RAJNIKANT J. MEHTA Rajnikant J. Mehta is an expatriate Indian voorking in Singapore as director of Pacific Mouldings Pte. Ltd. and commercial manager of Dodsal GmbH THE SCENE Is resplendent with colour. Sounds of drum-beats fill the air. Hundreds of
    743 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      284 7 SBBmEf: and where to entertain Igyg j ~s HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus, Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin
      284 words
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      Page 7 Advertisements Column 2
      66 7 gsrag ORCHID INN 214 Dunearn Road. Singapore il Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Td: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAKhLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL 585,
      66 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      30 7 DriSlOW": Ftank Di ckenS SO BRITISH -sREeD RfML VJBVE. G*v&g \fou R PPW Rise. BACKDPnfcD, TO feocsr Vou poost se ujell \PL£BSep &*ftane Off \Wi ucT Tnen ep>r Buffbt cpi<e
      30 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Frankfurt mixed
      570 8 EUROPEAN MARKETS FRANKFURT share prices were generally mixed to weaker on Thursday, partly on a technical reaction to recent gains and partly on lack of orders. „,V£ba shed 50 pfennigs following 90mpany announcement of provisional first half 1978 figures, while in motors VW rose IJM marks to 260.10,
      570 words
    • Article
      Frankfurt
      220 8 -AMtf Dm J&f-Telefunken -AJtio Allz Leben &r Bhry H T Wbank ■Bay Vhank Buyer BBC BMW assella ("hem Verw Commerzbank Cgntl Oumml Daimler-Benz Degussa Demag Deutsche Bank Dresdner Bank Dt Texaco Dyckerhoff ST A EnkaGlanzs Gelsenberg OHH Hapag-Lloyd Harpener Hoechst Hoesch Horten Kirfi Salz K.A-stadt Katifhof KHD Ktoecknerwerke ttrtde
      220 words
    • Article
      Paris
      279 8 AtA; 24 Frs CORBfclLLK Alr-Llqulde 325 -3 B STN Clervals Danone 516 unc CS F <ThomsontM) 292 80 -5.3 X* Franca ise «#es Petroles ***** -0.5 < 'oinpagnle "Flnanclere 4<nnipagnie ('tenerale 373 -3 Credit Fonder Dp France 389 1.1 "221.50 -5.5 Bull 47 10 1 jJ nelin(B) 1320 ♦3
      279 words
    • Article
      Zurich
      188 8 AUG 24 Francs Actions Sutsses 264 unch Alusulsse Br 1170 -5 Alusuisse Reg 510 unch Brown Boverl Br 1600 -5 Clba Geigy Br 1020 ♦5 Ciba Geigy PC 775 -5 Ciba Geigy Reg 568 +2 Credit Suisse Br 2235 -10 Credit Suisse Reg 415 unch Elektrowatt Br 1880 ♦5
      188 words
    • Article
      Amsterdam
      223 8 AUG 24 Fls ABN 373.00 -1 Ahold 113.80 -0.7 Akzo 33 00 -0.1 AMEV 86 50 -0 3 Amfas ***** -0.5 Amrot Bank 79 50 -1.7 Bergoss 64 00 -1 Berk 99 00 -0 8 Bols 75 60 -0 3 BorsumlJ 165 00 unch Burhmann 75 60 +0 4
      223 words
    • Article
      Milan
      102 8 AUG 24 Ure Anlc 110 SO -2.5 Assoc Gen ***** -580 Baslogl 684 -30 Centrale 4350 -150 Flat 1985 -26 Flnslder 175 -5 On Immob 75 -1 IFI Prl 2350 -48 Ilalcementl ***** -360 1 taigas 815 -12 Italslder 350 unch Magnetl M Pf 498 -1 Marelll Ere 359.75
      102 words
    • Article
      Brussels
      90 8 MJG 24 FYs FORWARD MARKET Acec 385 ♦5 Arbed 2475 25 Astur 698 14 Brascan 486 unch Bru-Lamb 1550 urvch Canpac 644 -8 Cock 455 13 De Beers 225 unch Ebes 2275 5 Electrobel 6760 unch Qb-Inno-Bm 2310 5 Oe* 1338 Hobok 2530 30 Petro 3870 -20 Ryl Dutch
      90 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Thursday 509.3 Wednesday 519.2 Week Ago 509.3 DOW JONES AVERAGE INDUSTRIALS Thursday 897.35 Wednesday 897.00 Week Ago 900.12 LONDON DOLLAR PREMIUM Thursday 96 V, to 97 Wednesday 98H to 98'4 H.K. HANG SENG Friday 661.41 Thursday 666.40 Week Ago 680.12 SYDNEY INDUSTRIALS Friday 450.29 Thursday
      63 words
    • Article
      Toronto
      336 8 SHARE prices cloMd hlcher In active trading on Thursday .with the composite Index up more than one point and advances leading declines 230 to 220. Dome Pete climbed 6% to 73. The company, which plans to acquire control of Slebens Oil and Oas, said It has purchased an additional
      336 words
    • Article
      Jo'burg
      238 8 OOLD shares closed firmer In small turnover on Thursday reflecting the higher bullion price, gains ranged to 75 cents. Mining flnancTals were quietly steady In small trade. De Beers was unchanged at 750. Anamlnt recovered 50 cents of an earlier 50 cents loss to rule at 8.025. Metal markets
      238 words
    • Article
      Investors hesitant
      478 8 TOKYO INVESTORS continued to adopt a wait-and-see attitude yesterday Trading volume waa still very thin, despite a modest Increase. The recent maior gainers dipped on small-lot selling, while small non-margin lncen-Uved-backed Issues continued to be bought. Pharmaceutical companies, bridge manufacturers and defence expenditure-oriented stocks were among major gainers.
      478 words
    • Article
      Lock icon Hongkong
      364 8 Source: SHK Sec PRICES rose In early trading yesterday especially In the second line property sector. This was in reaction to no change In the prime rate. Heavy overseas buying saw Tal Cheung and New World lead the way but Interest began to die towards lunchtlme and advances were
      Source: SHK Sec  -  364 words
    • Article
      Sydney
      359 8 THE market closed firm vesterday with uraniums and bank stocks leading the advance, dealers said. Queensland Mines rose 25 cents to A 53.60 on fresh hopes the Nabarlek Project may get an early go-ahead. Peko added 10 cents to M.io while EZ Industries gained five cents to $3.05. Pancontlnental
      359 words
    • Article
      Manila
      148 8 THE market closed lower with all sectors declining yesterday. Turnover rose to 17.12 million pesos from Thursday's 11.65 million. Acoje Mining, Bagulo Oold. Oriental B. Phil Overseas, CDCPand Meralco, all fell. Benguet B, Lepanto B and Pioneer firmed slightly while unchanged Issues were Basic Petroleum, Pogei, and Seafront. AUG
      148 words
    • Article
      Bangkok
      201 8 A-C* Baht Bangkok Bank 378 unch Bank o 1 Ayudhaya Ltd 272 unch Thai Danu unq Thai Farmers Bank 372 unch Thai Commercial B&nkMt Bangkok Metropolitan Bank unq Industrial Finance Oorp 2,415 unch General Finance 304 -10 Bangkok Investment 318 First Trust 292 +2 Raja Finance 798 LeeKwang Ming
      201 words
    • Article
      CHICAGO BOARD OPTIONS
      1769 8 August 24 VOLUME on the Chicago Board Options exchange declined to 112,377 on Thursday from 122,722 contracts on Wednesday. OPTION OCT JAN APL STOCK Alcoa 40 71/2 UNTRD UNTRD •1 Alcoa 45 31/3 51/4 UNTRD 91 Alcoa SO 11/2 29/18 31/4 81 Am Exp 30 UNTRD UNTRD
      1,769 words
    • Article
      Stocks post slim gains
      1079 8 NEW YORK STOCKS posted a slim gain on Thursday over a wide area In active trading, on hopes of lower Interest rates. Analysts Sallthere was cautloia In advance of the money supply figures, released after the close. In addition, some hesitation was associated with the softer
      1,079 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      164 8 Don't let the language barrier stop you from wider iPZ contacts 'S >-t. r I A is it, s V/a Y s**> \c 3 \N c^° XiC^ <S V3\e 3^ A o* e I P e xe 2 i YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while
      164 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon VW first half earnings higher at 265m marks
      429 9 Reuter FRANKFURT: Volkswagenwerk AO made a group profit after tax of 265 million deutschemarks in (ne first 1978 half compared with 201 million in the same 1977 period. Company finance director Friedrich Thomee said parent company profit after Wx rose to 241
      Reuter  -  429 words
    • Article
      Lock icon Profit lower at Blue Circle
      85 9 Reuter LONDON: Blue Circle Industries has reported pretax nrofit of £21.3 million In the half year ended June 30, compared with C 22.3 million the last time. Sales were £198.8 million (177.3 million) and the company is paying an interim dividend of 3.22p (2.89p). Pre-tax
      Reuter  -  85 words
    • Article
      Lock icon BP statement boosts group profit forecast
      472 9 EUROPE! AN 4 Reuter LONDON: British Petroleum's Wednesday statement that It will consolidate the earnings of Standard Oil Co of Ohio when BP'S second quarter results are published has caused some analysts to raise their current year group earnings forecasts by £5 million or
      Reuter  -  472 words
    • Article
      BARCLAYS UNLIKELY TO EXPAND
      133 9 CHARLOTTE, (North Carolina): Barclays Bank Ltd Is very unlikely to expand its banking operations in California and New York through acquisition of other banks. Barclays Bank International senior general manager Francis Dolling said the bank does not Intend to invest in banking concerns in any other
      133 words
    • Article
      Sharp decline in BASF income
      443 9 FRANKFURT: BASF, the second of the West German chemicals Industry "big three" to report on the first half of 1978, has seen no real signs of improvement in the industry's prospects. Although, like Hoechst, things went a little better for BASF in the second quarter,
      443 words
    • Article
      Lock icon Watch maker Portescap seeks new customers
      713 9 FT ZURICH: For many years, the Swiss company Portescap has been one of the big names in the field of watch components. Its shock-absorber system Incabloc, developed 40 years ago, has become almost a generic term In the make-up of jewelled lever watches, and
      FT  -  713 words
    • Article
      Rennies shows progress
      762 9 RENNIES Consolidated Holdings, the 52 per cent-owned South African subsidiary of Jardine, Matheson and Co, has reported marked improvement for the half year ended June 30. Profits after tax and minorities, but before non trading losses and provisions, for the half year were 1.82 million rand compared
      762 words
    • Article
      Lock icon Japanese smelters end talks
      166 9 Reuter TOKYO: A croup of six Japanese copper smelting companies and Industrie Minora Mexico 8A (IMMSA) have temporarily broken off talks on the sale of copper ore from the La Cariedad mine in Mkxico which IMMSA is develop'lp.k..-.. for U. Japanese firms said suspension of the
      Reuter  -  166 words
    • Article
      Lock icon General Mills expects record
      160 9 Reuter MINNEAPOLIS: General Mill* Inc, repeating an earlier forecast of record ■ales and earnings in fiscal 1979, said it expects the strongest gains in the second quarter. In last year's second Sirter ended Nov 27, 1977, company earned 88 cents a share from continuing operations on
      Reuter  -  160 words
    • Article
      IAC Holdings incurs a loss
      446 9 r ASIAN SYDNEY: lAC Holdings, the finance group owned by Citicorp of the US, Incurred an operation loss of A 53.7 million In the June half year a sharp reduction on the $32 million operating deficit in the first-half or 1977 and the $51.5 million
      446 words
    • Article
      Lock icon AMC shifts to jeep making
      281 9 N.AMERICAN L i NYT DETROIT: The American Motors Corp., scheduled to Introduce its 1979 model cars and Jeep vehicles here on Wednesday, has quietly suspended design engineering on future car lines. Instead, the car maker has focused the attention of Its engineers solely on two
      NYT  -  281 words
    • Article
      Lock icon Resorts Inc acquires Ramada Inn
      98 9 Reuter ATLANTIC CITY (New Jersey): Resorts International Inc, which began operating the first gambling casino here less than three months ago, said It had completed arrangements to acquire the 258room Ramada Inn for US$7.5 million. The Ramada Inn Is located next door to the 800-
      Reuter  -  98 words
    • Article
      Lock icon Broken Hill lower
      112 9 Reuter MELBOURNE: North Broken Hill Holdings has, announced unaudited, consolidated operatlitg profit of A 515.61 million tor the year ended June 30, compared with $17. million last time. Mine and rural production value was $43.70 million (43.15 million), investment income $12.42 million (12.86 million). Profit is after
      Reuter  -  112 words
    • Article
      Sumitomo
      33 9 TOKYO: Sumitomo Corp has reported consolidated net income of 5.39 billion yen for the year er.dad March3l.There are no previous figures as the company Is announcing consolidated results for the first time.
      33 words
    • Article
      Ford is moving ahead with recall
      136 9 DETROIT: Ford Motor Co said it is moving ahead with its Pinto and Bobcat car recall campaign and parts for the modifications of these two models are tn production. In making the announcement, J.C. Eckhold, director of Ford's automotive safety office, said letters of
      136 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      238 9 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia." Now the
      238 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1671 10 BlMnd offer price* officially luted arid business In and reported to the •lock Exchange of Singapore yesterday with the number of shares traded shown In bracket* in tou of 1.000 unys unless otherwise specified. All Time Settlement Contracts are fluoted after the word "sett." Big Board deal (In
      1,671 words
    • Article
      Government bonds
      75 10 4 1/2% 1/VB9 (250,000) (99.558 99.638) 4 8/4% 16/9/86 250,000) (IM.MB 100.068) 6% W4/8I (250,000) (100.178 100.268) 11/4% T P IWBI-64 (250,000) (102.408) 7% 1/8/86 250,000) (1M.708 100.8S8) 7 1/4% 16/4/66 250,000) (1M.758) 7 1/4% IS/10/84 (250,000) (100.75B) 7 1/4% 1/S/S7 (250.000) (100.70B) < 1/2* T F 18/1/87
      75 words
    • Article
      Stock options
      40 10 BTRIKINO prices of the (toelf options officially listed on the Stock Exchange of Singapore, the periods, Md and offer prices and business done yesterday. with the number of optlorfe traded shown In brackets. Sine Darby (Sept 12-75) (0.838).
      40 words
  • Article
    SHARE INFORMATION SERVICE
    2550 10 V 1978 High Low Company Last Sale +orO's Dhr Dtv C*n Gr'i YTd Net P/K Vol <'969> Day High Low SECTION ONE INDUSTRIALS 2» 296 172 219 -3. 326 218 565 132 123* 112 133 195* BOW 162 173.6 140' 256 Ac ma Alcom Allied Choc BAT
    2,550 words
  • Article
    Unit trusts
    141 10 StNOAFOBB UNTTlBUVr INCOME BOND UNIT frieee fcr Amt 25) (Cui p rlc The O—— 2.30 2.54 INCOME BOND 1.07 1.13 The Saving Fund I SO l.SO S pore Pro«Fund 1.15 l.» NASA BUMIPUTRA PUND (Maaaewe" priom tm Aag 25) Plrst Bumlputra 3.55 3.00 8 pore Security nmfl.• 2
    141 words
  • Article
    In Kuala Lumpur
    1797 10 BtD 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 lota of 1,000 units unless specified. INDUSTRIALS A|hWMl» (S.OOB). AIMW (S.MS) (S) *.44. A CHaa (1) I.M (1) I.SS
    1,797 words
  • Article, Illustration
    Profit-taking trims gains
    861 10 THE first hour of trading on the Stock Exchange of Singapore yesterday saw prices making a quick dash up before they ware softened by profit-taking. Sellers lingered on in the second session and, combined with mm hssitaat buying, the market cloaod oa a Mixed not* with gains
    861 words
  • Article
    KLSE shares hold steady
    671 10 BUYING Interest was kept at a high level on the Kuala Lumpur stock market yesterday and, despite some profit-taking, prices generally held steady to close with fair gains. The volume was again strong, reflecting a bouyant market. A total of 10.74 million units worth M 528.36
    671 words
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  • COMPANY NEWS
    • Article, Illustration
      Malaysian Tobacco scrip issue widely discounted
      1090 11  -  rsy ARTHUR NG jTtfE Just-announced bohus Issue of Malaysian Tobacco Company did not have a strong salutary effect On the share price In yesterday's trading. Except for a brief respite When the share moved 30 cents higher above the {revlous day's close, profltaking dominated
      1,090 words
    • Article
      HK Land sells P and 0 Building
      113 11 HONGKONG Land Mid it sold the P and O Building in central Hongkong to Sun Hung Kai Securities Ltd chairman Fung King Hey for an undisclosed sum. Hongkong Land's Copper Land Co Ltd subsidiary bought the building from the Peninsular and Oriental Steam
      113 words
    • Article
      Is lunch-time disclosure fair?
      611 11  -  Peter Boctock Chairman (Asia) Burson-Marsteller REPRODUCED below Is a letter from Mr. Peter Bostock, the chairman (Asia) of Burson-Marsteller to the general manager of the Stock Exchange of Singapore: Mr. Lim Choo Peng, General Manager, Stock Exchange of Singapore, Dear Mr. Llm, A matter of considerable
      611 words
    • Article
      DIVIDENDS ANNOUNCED
      280 11 Currant payment Ex Date Books clo#c Date payable Total for the year ToUl for previous year Pefi Malaysia M Cement Island and Pan Pan Electric S. Darby Uaac Loan Sth M Tobacco Berjunui L. Perak B. Kawal UOB Alas Hide* BaU Paper Prod Sal Prop Highlands and Lowlands
      280 words
    • Article
      SCRIP ISSUES
      122 11 Company Particulars Ex Date Books Cl< SentoM Great Eutani Life M Tobacco M*i*n Fmills Synthetic BMiaa Fiber Merlin Bonus Issue of 1 (or 4 Bonus issue of 1 for 2 Bonus Issue of 1 for 1 Bonus Issue of 1 for 4 Rights issue of 1 for 4
      122 words
    • Article
      Consplant's bid for Patani Para shares a success
      284 11 CONSOLIDATED Plantations' mini bid for the 47,686 shares in Patani Para Plantations it did not already own, has, most predictably, been a success and has been declared unconditional. Consplant has already made one bid for Patani by which it acquired the bulk
      284 words
    • Article, Illustration
      UOI profit doubles within five years
      677 11  -  »y MANO SABNANI UNITED Overseas Insurance (UOI), which Is seeking a listing on the stock exchange and will issue Its prospectus In the next few days, has come a long way In the last five years with gross premium Income and underwriting profits more
      677 words
    • Article
      COMPANY MEETINGS
      197 11 BERJAYA Kawat Berhad: AGM to be held at Jalan Utas, Shah Alan Industrial Estate, Shah Alam, Selangor, at 9.30 a.m. on Aug 26. Sentosa Plywood Berhad: EOGM to be held at the Conference Room of Hotel Merlin, Jalan Sultan Ismail, Kuala Lumpur, at 11.00 a.m. on Auk 28.
      197 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      561 11 FROM §tftia KhtC*ifio* JRggfr HaWeeilßw > t cs anc Government in Malaysia f Politics and Government in Malaysia is concerned with the substantial political j j J changes that took place in Malaysia after Independence in 1957 and especially during the last ten years. Among these are the May 1969
      561 words
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  • Article, Illustration
    Colour dyestuff plant set to roll
    564 12  -  My RONNIE LIM SIffGAPORE's first multinational thermoplastics .COIOUr manufacturing plant in Jurong, Sanyo-IK will start production in two months. This Japanese Joint venture will initially, supply •colour dyestuffs (plastic pellets) for making plastic components to the -electronics Industry. Sanyo-IK had its origins .five years
    564 words
  • Article
    Lock icon Tokyo working on medium-term economic plan
    255 12 AFP Reuter THE JAPANESE governmeng will soon work out a new medium-term economic plan, covering the 1979-83 period, to cope with fast-changing economic situation, government sources said yesterday. The new plan, which is to replace the "economic plan for the second half of the
    AFP; Reuter  -  255 words
  • Article
    Lock icon China studies UK banks' offers
    621 12 Reuter AFP KLEINWORT, Benson Ltd. is among British banks which have made offers of financing facilities to China, and the Bank of China is currently studying these. Lord Limerick, a director of the British bank said. In an interview about his recent visit to China
    Reuter; AFP  -  621 words
  • Article
    WAGE RISE CLAIM
    90 12 BRITISH UNION leaders representing 57,000 hourlypaid workers at Ford Motor Co lodged a claim (or a 30 per cent pay rise over the next year and a reduction in the working week to 35 hours from 40 hours. Leader of the union side of the negotiating com-
    90 words
  • Article
    LONDON STOCKS
    723 12 LONDON, Frl. Equity prices closed selectively higher today, after Initial easiness following Institutional buying, dealers said, and at 3 p.m. the Financial Times Index was up 3.8 at 513.1. Government bonds rose by up to 1/8 Dolnt in Idle trading, while gold shares fell by up to SO
    723 words
  • Article
    Lock icon Developing countries eased import policies, says IMF
    190 12 AP v A NUMBER of doveloping nations took steps to liberalise import policies last year when the world showed a continuing trend towards more restrictive trade practices, the International Monetary Fund said on Thursday. In its 29th annual report on exchange restrictions, the
    AP  -  190 words
  • Article
    Six groups chosen for MRT design
    665 12  -  By SIVA ARASU THE PUBLIC Workl Department has chosen six International enflneerlng consortiums to draw up preliminary engineering design for the proposed mass rapid transit (MRT) system. They were shortlisted from 45 groups from 17 countries that submitted their pre-quallficatlon tenders In March this
    665 words
  • Article
    Lock icon Battle of the banks in US
    1028 12 Reuter US COMMERCIAL banks' expanding activity In Investment banking will soon be up for review, bringing a half-a-century old antagonism between commercial and Investment bankers to the fore. At issue Is the Banking Act of 1933, also known as the Glass-Steagall Act, born during
    Reuter  -  1,028 words
  • Article
    BREAKING THE TOKYO WALL
    710 12 SURROUNDED by many restrictions, the Japanese market is "the toughest nut to crack" for Singapore exporters. And to penetrate this market, Singapore's Ambassador to Japan, Mr. Wee Mon-cheng last night advised our exporters to adopt a four-point strategy. The first is to cooperate in export programmes.
    710 words
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      244 12 FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CONTAINER SERVICE TARIFF TO GULF OF ADEN AND RED SEA PORTS FROM SINGAPORE In view of the rapidly expanding demand for container facilities to the Gulf of Aden and Red Sea Area the member Lines of the Far
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      Page 12 Advertisements Column 2
      136 12 A 400-room hotel in Singopore invites suitably qualified persons for the following appointment: HOTEL MANAGER Applicants should possess tfte following prerequisites: Between 35 and 45. Possesses a good formal education preferably in hotel management. Has extensive experience in all facets of hotel operations and must have demonstrated in a similar
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