The Business Times, 1 September 1978

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, SEPTEMBER 1, 1978 50 CENTS
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  • BRIEFLY...
    • 68 1 AFP SEOUL, Thurs. Representatives of the British and South Korean electronics Industries have reached an agreement on orderly marketing of Korean products in the United Kingdom, official sources said here today. During their negotiations, British Radio Industry Council and the Korean Electronics Industries Association were said to have
      AFP  -  68 words
    • 63 1 Reuter JAKARTA, Thurs. The state-owned Pertamlna Oil Company has announced that its new liquified natural gas plant at Arun, north Sumatra, started production two days ago. The first shipment of 125,000 cubic metres of LNG from Arun would be sent to Japan next week. Indonesia expects to earn
      Reuter  -  63 words
    • 63 1 Reuter LONDON, Thurs. Britain today announced that it would take part In a European consortium to build a new Airbus and at the same time would buy ro Boeing-757 aircraft from the United State Industry Secretary Eric Varley said that Britain would Join France and West
      Reuter  -  63 words
    • 92 1 Reuter HONGKONG, Thurs. Confidence in the longterm future of Hongkong has received a tremendous boost from news that two of the colony's biggest British firms are going into partnership with two Chinese-backed concerns for a massive property development. Jardine, Matheson and Company, Hongkong's leading trading firm,
      Reuter  -  92 words
    • 56 1 Reuter TOKYO, Thurs. The Japanese Foreign Ministry denied a report in Asahi Shimbun, the national daily, that Peking has proposed doubling an eight-year private China/ Japan Trade Agreement volume to US$4O billion (Ss9 billion) from the present $20 billion. The ministry said the Tokyo government has not yet
      Reuter  -  56 words
    • 80 1 AFP TOKYO, Thurs. World trade slowed down in 1977 because of the continuing recession in industrialised nations, the money glut in oilproducing countries and foreign exchange shortages in non-oil producing nations and communist countries. The semi-governmental Japan External Trade Organisation (Jetro), in its annual "Overseas Market White
      AFP  -  80 words
    • 51 1 UPI TOKYO, Thurs Chinese Vice-Premier Teng Hsiao-ping will probably visit Japan around Oct. 20 to ratify the recently-signed Japan-China friendship treaty. Chief Cabinet Secretary Shintaro Abe said the Japanese and Chinese governments will conduct negotiations on the exchange of Instruments of ratification of the pact during September.
      UPI  -  51 words
    • 65 1 UPI NEW YORK, Thurs. Stocks headed lower early today after the government reported its July Index of leading economic indicators fell 0.7 per cent following a 0.5 per cent rise in June. Trading was active. The Dow Jones Industrial average was off 1.20 points to 879.50 around 1500
      UPI  -  65 words
  • Chief Price Changes
    • 253 1 Rises Most active G E Life Cariaberg MTC Suprtrof Corpn BerjunUi H K Land C Sugars Hume M Be* Utd Plantation B Kavu Lien Hoe I at Wood Ac ma Sigma Metal 1250 670 915 236 835 620 358 243 87 252 245 205 173 261 171
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  • 971 1 HIGHER WAGE INCREASES THE WIDE wage gap between white-collar and blue-collar workers in Singapore is closing fast. The Labour Ministry's wage index showed that since 1974 (the base year), the blue collar worker has been enjoying higher wage Increases than his white collar
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  • 441 1  -  •y RONNIE LIM ITALY'S largest producer of dumpers (small bucket-like trucks for carrying cement mixture or sand), Plorl, will hold talks next week with the Economic Development Board on a metal fabrication venture here. The talks will involve Mr. Malavolta Floravante, head of the Italian Flori
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  • 260 1  -  •y SOH TIANG KING THE Coaaaalettieti Ministry yesterday kmi t ilaUaut to clear tke speculative air sorrsoadi«* ftiture increases ia road taxes se cars. The ministry was rsisrriag to rwsrfcs by tke president of the Automobile Association of Singapore, Mr. Milton Tan. who saidin
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  • 327 1  -  •y JOHN LIM THE NEW Orchard Hotel will have a 15-storey allglass tower block. The 352room hotel will coot $35 million. Piling work has already begun at the site at the junction of Orchard and Orange Grove roads. The 19-storey building is
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  • 507 1  -  •y QUEK PECK LIM SINGAPORE Finance has appointed merchant bankers Jardine Fleming (Singapore) to advise minority shareholders on the merits of the two offers available to them. Jardine Fleming's appointment follows a number of approaches made to and by merchant banks for the position.
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  • Page 1 Advertisements
    • 17 1 COPIES ANYTHING FITS ON A TABLE TOP The KL Stock Exchange was closed yesterday, Malaysia's National Day
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    • 160 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that all banks offer pretty much the same facilities to their customers. But what makes one bank better than the is its service. Whether you are opening a letter of credit or you need introductions
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    • 35 1 mmm *i A k OUTLOOK far iry cargo PUERTO RICO'B Uz FORUM: CARLBRKRCB ekm UOBniMNTI MEMOPAD 2, CROSSWORDS S, AIRCRAFT SCHKDULEs, TV A RADIO I BRISTOW 7, STRAWS IN IBK WIND 7, SHARK PRICBS I#
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    • 100 1 S3 SINTAT Rent-a Car Singapore: *****55, *****5 (Airport) Kualo Lumpur: *****4 Panong: ***** Kuoman: ***** Leader.. Page 6 Catch the super speed special from Oc6 y t M*- A I oce v 0° Oce-Hagemeyer has a real special from Holland. After tremendous success in Europe and America, the Oce 1700
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  • TRADE AND INDUSTRY
    • 527 2  -  By V.K. CHIN in Kuala Lumpur THE proposed Palm Oil Research Institute of Malaysia (Porim) will concentrate on research into the oil and its uses to make it more competitive in the world market for edible oils and fats. Malaysia Primary Industries Minister Paul Leong
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    • 228 2 AFP THE PHILIPPINES will shortly relax rules on the entry of Hongkong Chinese tourists, the fourth largest tourist group in this country. Addressing the three-day convention of the International Chinese Tourist Association. Tourism Minister Jose Aspiras announced that: Holders of Certificates of
      AFP  -  228 words
    • 291 2 SPERRY Univac today hands over the first stage of a series 90 two-stage com- uter to RoUei Singapore. he computer Is worth about $1 million and is on a five-year lease to Rollel. Today's hand-over Involves a 90/25 system with memory, two disc
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    • 263 2 AFP Reuter IMPORTS of shoes from South Korea Into Britain Increased by 121 per cent In the first half of this year to 9,135,000 pairs, according to British Footwear Manufacturers' Federation statistics. But shipments from the other leading exporting countries decreased appreciably, particularly
      AFP; Reuter  -  263 words
    • 736 2 Reuter AFP TAIWAN'S exports of three "hot" textile categories to the United States will have to be cut back drastically in the remaining months of the year because their quotas have nearly been used up. As of Aug. 20, the quota utilisation rates for
      Reuter; AFP  -  736 words
    • 130 2 HOW'S THAT, MY SON AN INDIAN barber, Mr. Palani a/o Audi, was commended on Wednesday for his selfless act of bravery displayed when he saved the life of a four-year-old Chinese boy (Vom a blazing flat on July 7. The director of Social Welfare, Dr. Ho Guan Lim said that
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    • 158 2 BANK of America recently promoted Mr. Lew Chiag Ming, a credit officer, to an assistant manager. Mr. Low graduated with a Masters degree In Business Administration from Hawaii University and first elned the bank tn Septemsr, 1976. Robert Bosch (South east Asia) has promoted Mr. Chan Boon
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    • 84 2 Reuter THE Indonesian government will soon launch a national austerity campaign in the use of energy. Minister of Mines and Energy Dr. Subroto said the country's oil reserves were slowly decreasing and would be exhausted at some stage. The minister said the campaign was to replace oil with
      Reuter  -  84 words
    • 186 2 IN HIS first business community function, the US Ambassador to Sinnpore, Mr. Richard Knein, opened s trade exhibition of calcuators, computers and swristod equipment at the US International Marketing Center on Wedneodny. Called the Hewlett Pscfcard Measurement and Computation Exhibition, the show will end on Saturday.
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    • 243 2 TWENTY teams qualified for the semi-finals In the Eighth National Management Game organised by the Singapore Institute of Management (SIM). They will play four team games for four periods, at the end of which the top team in each game will go on
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    • 52 2 SCIENCE forums, lectures and film shows are some of the activities lined up for Singapore Youth Science Fortnight which begins today. The Science Centre, the Bclence Teachers Association of Singapore and the Ministry of Education have organised the Science Fortnight to give students a better understanding of science
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    • 371 2 COURSES AND TALKS Aug 12-Sept 2: An understanding of company law, SIM, SIM Aug 29-Sept 1: Business forecasting, SIM, SIM Sept 1: Personal Income tax In Singapore, Cultural Centre, University of S'pore Sept 1-Oct 6: A practical approach to computerised mgt information system (MIS), SIM, SIM Sept 1-5:
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  • Page 2 Advertisements
    • 162 2 Take Barclays travellers cheques wherever you go whenever you go. They're welcomed throughout tne world. Safer than cash. A world-wide network of refund agents help you in case of loss or theft. lelpyou mailable in US dollars or sterling. ON SALE IN ALL MAIN TOWNS IN MALAYSIA AT: Ban Hin
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  • Page 2 Miscellaneous
    • 596 2 CRYPTIC PUZZLE ACROBS 1 Cease-fires arranged by Custer 7 Character who gets his name In the papers (8) 8 Where a man stays when he's out of order? (4) 10 Taking a pride In being mates? (6) 11 In the direction of where there are no bed patients? 14 Head
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  • OVERSEAS
    • 544 3 Agencies UNION leaders representing Chrysler and Peu-geot-Citroen workers in six countries threatened on Wednesday to call strikes against the two firms should the proposed sale to the French company of the American car manufacturer's European plants result in Job losses. In a unanimously adopted statement
      Agencies  -  544 words
    • 579 3 NYT PERU'S military government has adopted drastic emergency measures against a strike by miners that threatens the nation's economic survival. The strike by 45,000 miners, which began on Aug 4, has reduced Peru's export earnings by 50 per cent at a moment when the government has
      NYT  -  579 words
    • 182 3 AP THE WEST German government admitted on Wednesday that objections by local authorities will delay submission of an economic stimulus programme to Parliament beyond today's deadline that was promised to Western leaders. Finance Minister Hans Matthoeler said after a seven-hour Cabinet meeting that the Federal
      AP  -  182 words
    • 169 3 AP A JAPANESE economic official has urged businesses in the state of Massachusetts, US to be more aggressive In selling to his country rather than seek trade barriers against Japanese products. Mr. Hiromu Fukada, Minister of Economics at the Japanese embassy in Washington was addressing about
      AP  -  169 words
    • 461 3 Reuter ALTHOUGH inflation Is still a major problem in Sri Lanka, the first year of United National Party (UNP) rule has brought some obvious economic Improvements. For the first year since 1965, the country has enJoyed trade and balance of payment surpluses. And
      Reuter  -  461 words
    • 171 3 UPI THE CALIFORNIA legislature, propelled by the resounding support of voters for the Proposition 13 property tax limitation, on Wednesday approved a USf 1 billion (552.3 billion) cut in state income taxes. The election measure, which was supported by Governor Edmund Brown Jr., will reduce income taxes
      UPI  -  171 words
    • WORLD IN BRIEF
      • 433 3 BRITAIN has become less strike-prone over the past year, according to Employment Department figures. Between January and July this year 3,665.000 working days were lost through strikes compared with 4,360,000 In the corresponding period last year. And the trend Is still Improving. BRITAIN'S Energy Department said July
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    • 192 3 THE European Investment Bank (EIB) has waned a contract for a US$lOO million (***** million) bond issue with an international syndicate headed by Nihho Securities Co Ltd of Tokyo and Credit Suisse First Boston Ltd of London. EIB said the 12-year bonds carry a
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    • 782 3 OPPOSITION FROM HOUSE PANEL ECONOMIST Alan Greenspan predicted at the American Economic Association meeting in Chicago that the US prime rate -would peak at 9* per cent by the end of this year. Sharing his view that interest rates are on an uptrend
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    • 90 3 SOUTH KOREA will continue pursuing a policy of high economic growth and import liberalisation despite current economic difficulties, Economic Planning Minister Nam Duck Woo said. Speaking at a social research organisation meeting, he said South Korea's import of foreign goods will be 75 per cent liberalised in
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  • Page 3 Advertisements
    • 254 3 MINOLTA SINGAPORE now adds Copiers to Cameras We, Minolta Camera Co., Limited, Japan, are pleased to announce the appointment of Minolta Singapore (Pte) Limited with effect from September 1,1978, as sole distributor for Minolta copying machines in Singapore. We would like to take this opportunity to express our appreciation and
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  • RAW MATERIALS
    • 419 4 THE Singapore rubber market yesterday closed slightly higher with September One RSS buyers quoted at 238.75 cents per kilo, up 0.75 cent from Wednesday's close. The afternoon session was quietly steady until after the close when values firmed on forward demand and buying. Profit-taking, however, emerged
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    • 17 4 Rubber: Aug 31 Singapore: Sept 238.75 cents (up 0.75 cent) Malaysia: Sept closed Tin: closed
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    • 156 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b. 239.00 240.00N 238.00 239.00N Int. 1 R S.S September 239.50 240.00 238.75 239.00 Int. 1 R.S.S. October 242.00 242.50 241.50 241.75 Int. 2 R.S.S. 231
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    • 65 4 NOON SSR and SMR prices yesterday RAS SopUssbar (Currant Mtfc) Buyers Sellers (cents par kf) October (Forward Mtk) Buyers Sellers (cents per k() SSR 20 SSRSO SMR 20 SMRSO (l-ton pallet) (1-ton pallet) (1-ton pallet) (1-ton pallet) 219.00 214 00 216.00 214.00 218.00N 216.00N 218 00N 216.00N
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    • 87 4 C.I.F. North European ports. In US dollars per tonne unless otherwise stated. LONDON Wedaca^ay Previous Malaysian 5% f fa bulk per tonne 580 sir October 589 sir Sumatra 5% ffa bulk August 630 Sir 840 sir September 617V820pd 820 sir October 597 W598 pd 585/587 V, pd November
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    • 182 4 LATE commercial buying, which traders believed was pricing for a large export sale, pushed wheat futures higher at the close in Chicago on Wednesday. After trading ended, the USDA announced a sale of 300,000 tonnes of wheat to Mexico. Prices rose 5Vi to 3% UScents a bushel in late
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    • 199 4 BANGKOK rice prices yesterday: (In US dollars per tonne F. 0.8. basis Bangkok). While Xke: >00 pet Ist class 397. 100 pet 2nd class 382. 100 pet 3rd class 377 5 pel 372. 10 pet 347. IS pet 342. 20 pet 342. 25 pet 327. 35 pet unq Broken:
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    • 412 4 FOR WANT of better price indications, Singapore produce dealers yesterday spent an Idle period of trading. Apart from the routine sales for local consumption, the market was completely devoid of foreign interest. As the big coffee consumers In Europe and the United States were still adopting a cautious
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    • 370 4 THE sugar market yesterday closed slightly easier from Wednesday In slow, featureless trading, dealers said. Seven lots were traded against eight on Tuesday. Commission-house selling tended to slightly outweigh local trade-house buying, they said. Trading was restricted to March and October, with September expiring yesterday. Sugar futures closing
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    • 192 4 TERMINAL cocoa in London yesterday scored opening call gains of up to t.32.50 but then tailed off to finish 121.50 to Cl 2 up. Traders said much of the support followed on from New York steadiness with sentiment highlighted by underlying Continental industry inquiry for 1979 and early 1980
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    • 615 4 Reuter US CONSUMER demand for dealer copper has strengthened considerably over the past few days with the recent downturn in price, leading New York traders said. Consumer interest continues to be primarily for nearby metal, basically for September, October and November delivery, they said.
      Reuter  -  615 words
    • 242 4 THE STRAITS tin market In Penang was closed yesterday for the Malaysian National Day holiday. In LONDON yesterday, Un was £75 up for cash and C 47 for Three Months standard while High Grade rose by CBO and C4O, respectively. Values hesitated on the pre-market but went ahead
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    • 131 4 LEAD lost 1'3.75 for cash and 1'2.75 for Three Months in London yesterday. Initial steadiness in copper aided prices early on but after trading up to 1349 per tonne for Three Months, the market came under fairly heavy hedge selling pressure and this position worked down to C 345
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    • 65 4 ZINC' was steady C 0.25 higher for cash and down C 0.25 for Three Months in London yesterday. Small scale covering operations were mostly matched by profit-taking so that price movements were negligible. Sales of 3,900 tonnes were mainly carries. On Wednesday, zinc on the day was up mostly
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    • 345 4 ROBUSTA futures in London yesterday ended the opening call about steady £3 to £12 per tonne down from Wednesday In sales of 217 lots. Dealers said the market lacked feature and after Initially declining around £15 in spot September made a slight recovery on light mixed dealer and trade
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    • 216 4 SUQAR futures In London yesterday finished the first call up by £0.85 to £0.00 per tonne, although only modestly above Wednesday night's higher New York based kerb levels. Open trading saw prices hardening further on light covering support in a thin market. Dealers said the market lacked fresh physical
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    • 110 4 CHICAGO soybean futures closed slightly beneath the day's highs with gains of 101/4 to 7-1/4 US cenu a bushel on Friday. Commercial firms provided good support under the market in the final hour after scattered profittaking pushed prices from peaks. Traders said local short-covering at the close helped prevent
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    • 248 4 COPPER wlrebars In London yesterday finished the morning with losses of £3.5 for cash and £4 for Three Months. The early pre-market was steady based on covering against overnight Japanese physical business. Also aiding sentiment was the Peruvian government's ultimatum to striking mlneworkers and news that Zamblan rail workers
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    • 260 4 THE Hongkong silver futures market yesterday closed unchanged at HK5262.00 per 10 ounces In very quiet trading with interest still lacking and concentrated In the active gold market, dealers said. The day's fixing price was unchanged at HK5262.00, while no trades were recorded. In LONDON yesterday, silver was unchanged
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    • 546 4 THE KILO BAR in Singapore yesterday opened at 5515,148 and closed at $15,143. The highest and lowest of the day were $15,160 and $15,090 respectively. The tone of the market was dull. Spot gold for London delivery opened at U*****.20/50 and closed higher at $207.40/70. The highest and lowest
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    • MONEY AND EXCHANGE$
      • 504 4 THE US dollar fluctuated against major currencies on the foreign exchange market yesterday. Generally, the unit lost some ground at the end of the day's trading here. Against the yen, the dollar opened at 189.80/90 and was first traded up to the day's high of 190.40/50 Just before
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      • 199 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on Aug 31. U8Mk offer n(Spat) BU 7 days 8 9/18 I 7/11 1 mth 11/18 I 9/16 2mtlu ...8 1 7/1 3 mtru I 7/1 Imttu vie 9 VII 8 mttvs .9 vie 9 VII 12 mtiu ...9
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      • 48 4 RANOE of prices offered by dlar jnt houses on Aug 31: Overmctit 1 3% Cult deposits JW» MM Ctsaiag B«rtx s.Ui«« 3-month Treasury MTU 3 9/16 31/16 3-month Bank bills 63/16 61/16 3-month CD 61/2 6 3/6 6-month CD 6 VI 61/1 Source: National Discount Co Ltd
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      • 22 4 THE tnrali rat* at which Singapore banks an currently prepared to lend te their best customers is V 7 per cent.
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      • 131 4 Euro rates LONDON Eurodollar deposit rates yesterday opened firmer but trading was quiet ahead of the US money supply flcures due later In the day. Dealers said periods were adjusted higher after Tuesday's technical markdown and firmed further between 1/16 and 1/8 point after Tuesday's prime rate Increases. Among short
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      • 216 4 THE dollar yesterday steadied after opening slightly lower against several major currencies, In thin end-montn trading, dealers said. Operators were reluctant to enter sizeable positions and there was a nervous undertone to trading, they said. In addition, forthcoming Muslim holidays, cutting out West Asian markets, are having a dampening
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      • 192 4 THE US dollar for overnight delivery yesterday closed slightly higher at 190.00 yen, compared with a 189.60 opening and 189.75 at Wednesday'close. The dollar rose in nervous but active late trading on dollar buying by Japanese banks to meet import settlement and overseas remittance needs for end-month reasons after
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      • 197 4 THE US dollar was narrowly mixed against major currencies in fairly quiet trading yesterday due to end-month book-squaring and ahead of US and Singapore holidays on Monday, dealers said. The US unit eased slightly to 1.9885/9900 marks in late trading from its 1.9920/40 opening which was in line with
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      • 147 4 THE DOLLAR closed slightly firmer from opening levels against major currencies in moderately active trading on Wednesday. The gain primarily came In reaction to the unit's sharp losses on Tuesday on the US trade figures, as the decline appeared to be overdone, dealers said. The dollar eased on
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      • 55 4 ZURICH exchanges closing quotes on Aug 30: US 1.8510-8640 St« 3 2046-2121 Can *****-4380 D Mk S3.SW7-55.0738 D n 76 3645-5664 r Fr 37 8063-6010 B Fr 5.M56-5843 O Kr 30.0100-6727 N Kr 31.8076-87W S Kr 37.2183-3966 Lit 0.1973-19 V Aus ad) 11 4813-5103 Port 3.6366-6674 Spain 2 2402-2456
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      • 45 4 FRANKFURT exchanges opening quotes on Aug 31: US 1 .9660/75 (1 .9646/60) Can 1.7290/7310 Sl* 3 830/M0 D F1 98.17/27 8 Fr 130 75/121.00 Ut 2.372/383 r Fr 45 MHG N Kr S7.nm.oS B Fr (con) 6.386/360 B Fr (fin) 6 136/146 Yen 10CJ6/W
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      • 50 4 AUSTRALIA and New Au€ AUSTRALIA: US dollar 1.1*46/ 1.1867 Blertlng 6.8677/ 6.8666 Ninety-day airmail buying ralaat Sterling 6.6171 US Mfmr i.ifTl Ninety-day forward buying rales Sterling 6.5668 US dollar 1.1883 NEW ZEALAND: Sterling 0.5436/ 6.5666 US dollar 1.6687/ 1.0887 Ninety-day airmail buying ratea: Sterling 0 5637 U8 dollar 1.8883
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  • Page 4 Advertisements
    • 40 4 4. *1 m n TAT LEE BANK LIMITED with effect from September Ist, 1978 our Jakarta Representative Office will be at Gedung Metro Pasar Baru Tingkat VI Jln. H. Samanhudi Jakarta Pusat Tel *****1, *****4, *****6, *****6 Telex ***** TLBREPJKT
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  • TRANSPORT
    • 474 5 Reuter RATES and volume of chartering In the dry cargo market have improved since early this year but whether .this relative strength will continue is not certain. Eastern Navigation Com- pany chairman, Y.K. Pao, said the tanker market is still adjusting to
      Reuter  -  474 words
    • 279 5 AP SEABOARD World Airlines, one of the world's largest cargo airline, has asked the US government to allow it to carry passengers as well. "We carry every conceivable commodity, except people", airline spokesman Steve Moran said. "What we're trying to do is get the best
      AP  -  279 words
    • 35 5 THE SWEDISH government will allocate a further six to seven billion crowns (about Ss3 billion to 53.5 billion) over the next few years to cope with the slimming down of Sweden's shipyards.
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    • Article, Illustration
      389 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ellas (after Pacific Trader)ls/16 Fides (after Kawana) 45 Oudrun Bakke (1100) 6/7 Kawana (0700 after Kota Ratu) 45 King Pearl (0600) 24 King Sun (after Ellas) 15/16 Kota Tanjong (0700) 10/11 Nedlloyd Kone (0600) 3/4 Sphinx U (0700 after Kim Ann) 46
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    • 155 5 WALLEM Shipping (S) Pte Ltd has successfully negotiated for a contract, worth some $2.8 million, to tow building materials for a Mauritius construction company. The contract calls for a series of five voyages from Singapore to Mauritius. A Wallem spokesman said there will be three
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    • 118 5 THE 48,262 dwt Nedlloyd Houtman, the eighth Scan Dutch third feneration containership, arrived in Singapore on Tuesday. The 258 m long vessel was built last October and started its Far East-Europe run on Aug 1. With eight (kill containers hips in operation, Scan Dutch will increase the number
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    • 310 5 Reuter THE BRITISH government has decided to permit stateowned British Airways to purchase about 20 of the newly developed Boeing 757 airlines powered by RollsRoyce engines, the London Times said yesterday. The paper described the decision as the climax to the British
      Reuter  -  310 words
    • 286 5 UPI THE go-slow of French air control-tower operators entered Its sixth day on Thursday with no prospect of a permanent peace with the authorities when their action ends on Monday. The situation was near normal on most European airports because of the usual
      UPI  -  286 words
    • 176 5 UPI TRANS-ATLANTIC grain transport demonstrated sustained market rate strength as tdnnage needs were filled with both singlevoyage and time-charter operations. The Sextum Sacured U897 XFIO) for a 55.001-ton Sept. 20-30 shipment from the US Oulf to Holland, while the Eastern City received $6.50 (FIO) for a 50,000-ton Sept.
      UPI  -  176 words
    • 180 5 Reuter EIGHT deep-sea container ships, all in the 50,000-dwt bracket, have cancelled their calls to Southampton because of the current strike by Southampton dockers. A spokesman for Southampton docks said the vessels, which make regular trips to and from the Far East, South Africa and the
      Reuter  -  180 words
    • 774 5 ARRIVALS Svrioa Local Operator Number Time Pi— CAL CI331 0040 TPE/HKO/KUL PAA PA005 0115 SFO/HKO MAS MH601 0700 KUL MAS MH682 0725 KCH 8IA SQ101 0615 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN
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  • Page 5 Advertisements
    • 139 5 Call us for youi local or onward reservations SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 For the man who knows Our male customers don't need to be shown the best. They already know what is the best. They know that Americaya has the of imported shoes, which arq made of
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  • 346 6 THERE axe a number of disturbing aspects to the Singapore Finance saga which Dears looking Into. Over the past few days, all parties Involved have kept to the rules of the takeover game but nevertheless, there have been some developments which are less than
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  • 316 6 THE LATEST indications by Japan's Ministry of International Trade and Industry (Mitl) that it may rescind its April decision on export restraint implies that restraint Is only a halfmeasure that is not even allowed to go all the way. So as not to aggravate
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  • 1150 6  -  Take a holiday in Puerto Rico there's something for everyone who goes. The hordes of American businessmen who move into this Caribbean paradise, however, are not there for the beaches of San Juan but for a different kind of vacation. The tax
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  • 784 6  -  By JERRY SCHWARTZ AP NEW YORK, aeen for years as the sick man of cities, is in the midst of a construction boom that will see a U***** million (8*396 million) hotel rise from the tawdriness of Times Square and office buildings put up by
    AP  -  784 words
  • Page 6 Advertisements
    • 294 6 m Not a drop is sold Till it is 12 years old 406/407 Havelock Reed. B'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where The Trend. Constellations. Sonny Bala The New Moonglows. and Miss Erin Fong (Taiwan) treat
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    • 43 6 The best place to wine and dine in the worlds fourth largest harbour I r < Cl— rr< %L--tm* ■k J w -a* 1 f i j EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL; WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn2s36
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  • Page 6 Miscellaneous
    • 60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 pm on Aug 31 at the airport: Maximum Temperature 31.9° C Associated Humidity 62 Minimum Temperature 22.5° C Associated Humidity 99 Hours of Sunshine 6.00 Rainfall in Millimetres 11.5 Total Rainfall for
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    • 280 6 TiVKWWDTO SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Capture Of Seven Tigers (Repeat) with superimposed English/ Chinese subtitles A Mandarin feature film 4.15 Intermission 6.00 Opening announcements followed by For Love Of Sport How Did Heinz K. Die 0 6.30 News in Brief" 6.35 December Bride Antique
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  • 1030 7  -  Meanwhile, in nearby Latin American Mexico, there are a small band of very rich men who will continue to thrive despite protectionism and recession, reports ALAN RIDING. ALAN RIDING NYT BERNADO Garza Sada frequently sends his private jet to Houston to buy delicacies for
    NYT  -  1,030 words
  • 751 7 A WOMAN police constable used considerable powers of persuasion when, at a security checkpoint, she asked the men and women who were reclaiming their Identity cards to "buy a donation draw ticket from me please, it's for the poor". The bemused 'colleague who reports this says
    751 words
  • 719 7  -  •y DAVID BINDER NYT THE CARTER UakliCntka'i taW« to tvvkw a biwai greeted for tlto export of aaodsra «U drilliag techaology to the Soviet Uki hu wkm*• foadsm—tal dlitolsa UMM Prssktonl Carter's adviosrs and ptrhtpi a division V tht -ntaif
    NYT  -  719 words
  • 882 7  -  pom ...on Indonesia •y JOHN DRYSDALE John Drysdale is a director of Asia Research jne Ltd. "T NEWS last weekend that a bank had withdrawn from the syndicate led by Chase Manhattan Asia for a U*****.5 million (SS2SB million) loan credit
    882 words
  • Page 7 Advertisements
    • 278 7 -s. H Wi #6Va,»- New Japanese Restaurant KIKU^I serving authentic Japanese food 7% —> i*. Jcpfxin Yikki l(Mii[xim Shashimi *Sukivaki *ShabuShabu l/11/l I JAPANESE IVIIVW. RESTAURANT ORCHID INN Tet *****2 214, Dunearn Roac! Smgapc re 1 3 HOTEL MALAYSIA 40 Cuicadcn Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333
      278 words
    • 64 7 ORCHID INN 214 Duneairn Road, Singapore II Tel; $***** HOTEL PHObNIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel. *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Roud. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL 585, Orchard
      64 words
  • Page 7 Miscellaneous
    • 58 7 Eristow wwfejaes rnR GoRDQM feus. OUR TtrnBE4?P>n6HTP»L CHSFP ■te>- v SSW« HC'5 \r* THRoeS of cacwtON p»NO vaphs Locxeo vAimstLf- IN THE., L«TCV4eN J 3S >3MC comes eu(?ekcf^« for nour IgtougfsTopfiv/,,. r 5O UMPyTS So SfIEOAL> Re>oaT none, mpoe l>oht pis f* ref^THeß PPdRS CBKes P G*CITinG HE.U3 flpmougs.... cweese
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  • INTERNATIONAL STOCK MARKETS
    • 387 8 GOLD shares were generally higher on balance but selected issues were off the top In line with bullion trends on Wednesday. Gains ranged to 300 cent* in heavyweights. Mining financial* were firmer In line with producers. Johnnies gained 25 cents to 2.775 and Union Corp gained 10 to MS,
      387 words
    • 616 8 TOKYO Source: DBS-Daiwa THE market continued bullish yesterday, centring on mediumsized stocks such as cement and wire and cable issues because of buying by institutional Investors. Linear inotorcar-related issues which opened bearish In the morning, closed higher, along with China-related issues. The Nikkei Dow-Jones average closed the
      Source: DBS-Daiwa  -  616 words
    • 345 8 Source: SHK Sec PRICES Improved In early trading on the back of the announcement of HK Land and Jardine participation in a New Territories town development but gave way under heavy profit-taking especially in HK Other blue chips remained quite stable. A good day of consolidation with the next
      Source: SHK Sec  -  345 words
    • 150 8 THE market closed lower yesterday. with all sectors declining across the board, dealers said. Turnover fell to 10 09 million pesos from Wednesday's 13.11 million. Losers were Atlas Con B. Bagulo Gold. Benguet Con B. Seafront, Meralco, PLDT and San Miguel B. AUG 31 Pesos Acoje Mining 01 unch
      150 words
    • 339 8 Reuter THE market firmed with oli, diamond and selected uranium stocks spearheading the advance yesterday. Bridge Oil rose 35 cents to $1.48 on news of an oil flow from Its Boggo Creek number two well in Queensland and Offshore OH. which has ap equal Interest In the well, four
      Reuter  -  339 words
    • 199 8 Aug 31 Baht Bangkok Bank 380 unch Bank of Ayudhaya Ltd 272 Thai Da nu unq Thai Fanners Bank 370 unch Bangkok Metropolitan Bank unq Industrial Finance Corp 2,415 unch Oeneral Finance 300 Bangkok Investment 316 First Trust 290 Raja Finance 916 Lee Kwang Ming Trust 261 Thai Insurance
      199 words
    • 62 8 FINANCIAL TIMES INDUSTRIALS Wednesday 503.0 Tuesday 505.8 Week Ago 518.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 880.72 Tuesday 880.20 Week Ago 897.00 LONDON DOLLAR PREMIUM Wednesday SOW to 91 Tuesday 90* to 91 H.K. HANG SENG Thursday 679.82 Wednesday 678.56 Week Ago 666.40 SYDNEY INDUSTRIALS Thursday 457.42 Wednesday 457.42
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    • 1161 8 NEW YORK STOCKS, shaking off a rise In the prime Interest rate, finished narrowly higher on Wednesday. in active trading on bargain hunting after two days of broad declines. However, worries US Inflation may prove tougher to control than had been hoped caused some weakness late In the
      1,161 words
    • 538 8 EUROPEAN MARKETS MILAN prices closed generally higher In fairly active trading on Wednesday However, market sentiment was still influenced by Bastogl Flnanxlarta SPA's proposed Incorporation of Benf Stablll Shares of both companies closed lower. Plat, both Pirelli and Olivetti privileged gained In mixed Industrials. while Mediobanca In
      538 words
    • 98 8 AUG M Ure Ante 105 25 unch Assoc Oen ***** ♦90 Bajtogl 639 -23 Centrale 4267 ♦67 Flat 203® 73 Finsider 173.50 3 5 Oen Immob 72.75 -0 25 IFI Prl 2390 70 Italceraentl ***** 330 IUlgas 793 -10 ILalsider 329 ♦T Magnetl HPI 478 -1 Marelll Ere 337
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    • 275 8 AUG 38 Frs CORBE1LLE Alr-Uqulde 323 ■4 B 8 N Oervals Danone S25 -10 C8F (ThomsonCsf) 296 -4.9 CI* Franca Ise des Petroles ***** -1.4 Compagnie Financier* Compagnle Generate 378 10 -3.9 Credit Fonder De France 388 -0.9 Hachette (Llbrairte) 225 70 -4.3 Machines Bull 45.70 -3.1 Mlchelln(B) 1300
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    • 1721 8 August 30 CHICAGO Board Options Exchange volume eased to 105,412 contracts on Wednesday from Tuesday's 107,310. OPTIONS OCT JAN APL STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AtlR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank Am
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    • 209 8 AUG 30 Dm Aef-Telef unken #3 30 unch Akso 31 40 --0.6 AUz Leben All* Vers 4»2 +3 BASF 137 I BayHTWbank 288 unch Bay Vbank 327B unch Bayer 140.SO +0.7 BBC 306.90 -0.5 BMW 221 -I Cassella 390 -7 Chem Verw 291 +2 Commerxbank 228 50 +0.5 Contl
      209 words
    • 225 8 AUG Fl» ABN 375.00 unch Ahold 113 80 unch A It BO 34 10 -09 AMEV 89 00 +0 2 Am fas 116 00 -1.5 Amrot Bank 80 90 -0.1 Bergoss 66 50 -1.5 Berk 98 00 -2 Bote 78 00 -0.4 Borsumij 170.50 -0.5 Burhmann 75.70 -0 2
      225 words
    • 188 8 AUG Francs Actions 8ulaaes 265 5 1 Aluinlf Br 1110 -10 Alusu_>ae Reg SU unch Brown Bown Br. 1610 -5 ClbaOelgy Br 1040 -20 ClbaGelgyPC 785 ♦5 r> Clba Oelgy Reg 569 1 Credit Suisse Br 2200 10 Credit Sulsae Rec 418 1 Elektrowatt Br 1035 -5 /i George
      188 words
    • 104 8 ii AUG 10 Ft* 4V- FORWARD MARKET Aoec 399 unch ib Arbed 2495 15 Astur 700 -10 Brascan 478 -24 Bru-Lamb 1555 +5 *<# Canpac 620 -12 Cock 470 -4 I> Beers 225 2 Ebes 2290 unch Electrobel 6800 unch Gb-Inno-Bm 2295 unch Oev 1314 -26 Hobok 2555 -S
      104 words
    • 342 8 SHARE prices ctoMd higher In active trading as gains In paper and oil Issues pushed the composite Index up nearly seven points on Wednesday. The Paper Index, up 55.9 points, posted a record single day rise. Advances outnumbered declines 250 to 191. Dome Pete rose 5-1/2 to 773/4. The
      342 words
    • 154 8 Reuter FORD Motor Co said it is evaluating government agency reports that certain Ford cars and light trucks built between 1970 and 1978 may suffer from a transmission defect. The National Highway Transportation Safety Administration said up to nine million Ford cars and light trucks
      Reuter  -  154 words
  • Page 8 Advertisements
    • 337 8 fMLRKOFF BERHRD INTERIM REPORT For Half Year ended 30th Jura 1978 The Company's unaudited profit before taxation for the six months ended 30th June 1978 was M 52,552,000 compared with M 53,853,000 for the same period last year. The reduced earnings reflect the diminished yields from our F.F.B. crops which,
      337 words

  • INTERNATIONAL COMPANY NEWS
    • 1497 9 EUROPEAN i i FT AMSTERDAM: The major Dutch retailing groups are finding, as many other sectors of Industry have before, that Holland Is too small for them. They are also finding their traditional role of shopkeepers offers less opportunity of a good return and*
      FT  -  1,497 words
    • 142 9 BONDS LOANS L Reuter TOKYO: The Japanese Finance Ministry said It decided to cut the amount of government bonds to be Issued in September to 900 billion yen from the originally planned 1.3 trillion. The decision followed an agreement reached at a meeting between
      Reuter  -  142 words
    • 30 9 Reuter BASLE: The 70 million franc, 15-year, 4 per cent bond issue issued at par by Chase Manhattan Overseas Banking Corp was heavily oversubscribed, Swiss Bank Corp said.
      Reuter  -  30 words
    • 54 9 Reuter ZURICH: Reed International Ltd's 80 million franc, 6 per cent bond 1973/88 will be redeemed early at 102.5 per cent on July 20. 1979, the Zurich Stock Exchange said. Sandvik AB's 80 million franc, 6 per cent bond 1972/87 will be redeemed .early at 102 per cent
      Reuter  -  54 words
    • 127 9 AFP SEOUL: South Korea's state-run Pohang Integrated Iron-Steel Company (Posco) will expand Its second slabbing and blooming mill with French equlpment supplied under French bank loans. The Korean government's Foreign Capital Inducement Committee has authorised Posco to obtain 80.6 million French francs from
      AFP  -  127 words
    • 69 9 Reuter LONDON: Grindlay Brandt Asia Ltd has signed an agreement with Thailand for a US$32 million eightyear loan. Interest is at V* per cent above London interbank offered rates for the first four years and at for the remainder. The loan is to finance British exports. Lloyds Bank
      Reuter  -  69 words
    • 36 9 Reuter ZURICH: The forthcoming 100 million franc, 12-year bond issue by OerllkonBuehrle Holding AG will bear a coupon of 3.5 per cent and be issued at 101 per cent, bond market bankers said. Reuter.
      Reuter  -  36 words
    • 56 9 Reuter TOKYO: Jusco Ltd said it is studying plans to issue an 80 million mark convertible bond and a 70 million Swiss franc convertible bond on the German and Swiss capital markets respectively, in October. But the Japanese supermarket operator declined further details pending a formal decision
      Reuter  -  56 words
    • 59 9 Reuter TOKYO: Asahi Optical Co Ltd said it will sign a contract in Dusseldorf on Sept 8 to issue a 50 million mark' convertible bond with underwriting syndicate led by Yamaichi International (Europe) Ltd of London. The issue is convertible from Dec 1, 1978, and bond market sources said
      Reuter  -  59 words
    • 96 9 Reuter TOKYO: The US$lOO million 12-year EIB bond Issue to be placed In Japan and Europe will carry Interest of 9 per cent and be Issued at 99.25 per cent from Sept 4 to 12, Nlkko Securities Co Ltd said as lead manager. The contract will be
      Reuter  -  96 words
    • 56 9 Reuter LONDON: The Province of Quebec has signed a US$5OO million 10-year Eurocurrency loan, Orion Bank said as lead manager for a syndicate of underwriting banks. Terms of the loan are 5/8 per cent ever London interbank offered rates (Libor) for the first two years and over Libor
      Reuter  -  56 words
    • 73 9 Reuter TOKYO: Casio Computer Co Ltd is floating a 40 million mark 3.5 per cent, 6Vi year convertible bond on the German market at par. Dalwa Securities Co Ltd said the contract for the issue, lead managed by Daiwa (Europe) NV and Dresdner Bank, was signed in Frankfurt. The
      Reuter  -  73 words
    • 53 9 Reuter FRANKFURT: Industrial and Mining Development Bank of Iran is making a 50 million mark private placement for si* years at 7-14 per cent. Bond market sources said pricing is likely to be at par and final terms will be set on Sept 10. Lead manager
      Reuter  -  53 words
    • 275 9 Reuter HONGKONG: Hongkong Land Co Ltd and Jardine, Matheson and Co Ltd said they will become minority partners in a Joint venture with Klu Kwong Investment Corp Ltd and the Sun Co Ltd to develop a new township at the mass transit railway
      Reuter  -  275 words
    • 45 9 Reuter HONGKONG International Maritime Container (Holdings) Ltd said its group net profit came to HK819.74 million (821.80 million), for the year ended March 31. Final dividend at 26 cents (20, making total 38 cents (29). Books dosed Sept 16 to 29. Reuter
      Reuter  -  45 words
    • 52 9 Reuter ZURICH: The British Petroleum Co. Ltd's 45 million Swiss franc, 4.75 per cent bond 1966/80 will be redeemed early at par on NOV 30, the Zurich Stock Exchange said. Bayer AG's 60 million franc, 4.5 per cent bond 1963/81 will also be redeemed early at par on Dec
      Reuter  -  52 words
    • 352 9 FT MR. GORDON BORRIE, director general of Fair Trading, has Issued a rare warning that he "is minded to refuse" applications for consumer credit licenses from two Hodge Oroup companies. It is believed that the director general wants Standard Chartered Bank, which took over Sir Julian
      FT  -  352 words
    • 72 9 OSLO: The Borregaard industrial group of Norway made a loss of NKr 10.9 million in the first half of 1978, after ordinary depreciation of NKr5B.2 million and a larger loss is foreseen for the second half of the year. First and second half losses in 1977 were NKr
      72 words
    • 620 9 r ASIAN i Reuter MELBOURNE: The Exmouth Plateau area offshore western Australia represents perhaps the last opportunity existing In Australia for discoveries of hydrocarbons in substantial volumes necessary to maintain Australia's existing degree of self-suffi-clency beyond the early 1980s, the Broken Hill Pty Co Ltd
      Reuter  -  620 words
    • 244 9 Reuter SYDNEY: Burmah Oil Australia Ltd has agreed to sell its stake in the Cooper Basin natural gas fields of South Australia to a consortium of Australian companies headed by Perthbased Bond Corp Holdings Ltd. Bond's chairman, Mr. Allan Bond, said the consortium will pay As
      Reuter  -  244 words
    • 128 9 Reuter TOKYO: Yamaha Motor Co Ltd said its consolidated net Income came to 6.16 billion yen, for the year ended April 30. (No previous comparison figure as the company is announcing consolidated results for the first time). Sales were 332.45 billion yen and earnings per share 59.86
      Reuter  -  128 words
    • 334 9 FT AMSTERDAM: Pakhoed Holdings, the Dutch-based international oil-handling,. transport and property group, made a net loss in the first half of 1978. It also takes "a negative rather than a positive view" for the second half of the year, given the expected impact
      FT  -  334 words
    • 92 9 NUREMBERG, West Germany: A big uranium Is to be worked shortly In north Rhlne-Westphalla. The West German news agency, QPA said the Nuremberg firm, Esso Erz GmbH had filed an application to develop the field with the Ministry of Economy. The uranium Is situated
      92 words
  • Page 9 Advertisements
    • 330 9 UNITED OVERSEAS BANK LTD CHUNG KHIAW BANK UD LEE WAH BANK UD INCORPORATED M THE REPUBLIC OF SINGAPORE) We are pleased to announce the following deposit and lending rates, effective Friday, 1 September, 1978: Deposit Rates: Savings Accounts 4 p.a. IDeposit and withdrawal at any of the Group's 45 branches}
      330 words

  • 1667 10 BID and offer prices officially and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown tn brackets In lots of 1,000 units unless otherwise specified. AH Time Settlement Contracts are quoted after the world "sett. Big
    1,667 words
  • 2513 10 197* High. Low Company Last Sale +orGr'i Dhr Div C'yt Gr'a Y*ld Net P/E Vol Day COM) Higk Low r m SECTION ONE 272 238 178 219 260 90 276 585 INDUSTRIALS 132 123* 112 133 195* 60'-2 162 173* 140* 256 Acma Alcom Allied Choc BAT
    2,513 words
  • 100 10 W706 J l Bo (*****0 > 628 4 3/4% IS/9/88 (250,000) (100.008 100.158) 5% IV4/81 (250.000) (100.228 100.30S) 5 3/4% T F IVS/81-&4 (250,000) (102.406) 7% 1/8/ M (250.000) (100.708 100.858) 7 1/4% 15/4/88 (250,000) (100.75B) 7 1/4% 15/10/88 250,000) (100.75B) 7 1/4% 1/8/87 (250.000) (100.70B) uofSst F
    100 words
  • 171 10 Closing Tone: Easier TURNOVER: Official figures supplied by the Stock Exchange of Singapore including odd lot* 'Ready' totalled: 13,422,000 units valued at $32,854,000. Industrials accounted for 7,122,000, finance 1.807.000, hotels 2,152,000. properties 1,295,000, debentures, loans and bonds 8,000, oil palms 33,000, tins 380,000, and rubbers 847,000. 'Settlement Contracts' totalled
    171 words
  • 139 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMutm' priea The Commerce.... for Hept 1) 2 42 2.97 INCOME BOND 1.07 1.13 The Saving Fund 8 'por* Prof Fund 1.81 160 1.18 1.23 MARA BUMIPCTRA FUND 8'pore Security Fund 2 03 2.16xd 143 152 First Bumlpu tra 3.56 3.60 8'pore
    139 words
  • 473 10  -  By MANO SABNANI NEWLY-LISTED Ambassador Hotel should be able to realise Its forecast profit of $800,000 for the full year if its half-time performance is anything to go by. Barely three months after the issue of its listing prospectus, the company has emerged with
    473 words
  • 99 10 LOWER Perak Tin Dredging Herhad: AOM to be held at Wlsma Bunga Raya, 152 Jalan Ampang, Kuala Lumpur, at 9.30 a.m. on Sept. 1. Berjuntai Tin Dredging Berhad: AOM to be held at Wlsma Bunga Raya, 152 Jalan Ampang, Kuala Lumpur at 10.15 a.m. on Sept. 1. Alexandra
    99 words
  • LATEST RESULTS
    • 82 10 Pre-tax profit $9.59 million ($18.2 million) on sales $50.63 million ($61.12 million) for the first half-year ended June 30, 1078. Tax 13.02 million ($B.OB million). Rubber output 12,615 tonnes (12,804 tonnes); palm oil 10,206 tonnes (18,437 tonnes); palm kernels 2,168 tonnes (3,704 tonnes) and cocoa 625 tonnes (523
      82 words
  • 287 10 CuTT—t payaeal Ei 1 Data c loalu ioae Date payable Taial for the year Total for previauayear 8. Darby Unoac LaaaStk NIMmn nnjiai L. Pink B. Kawil UOB AlamHMo Bata ru>M 5 25*(g) Jun 20 25*1 Aug 8 00* Jul 31 SO* Jul 31 8*TE Aug 8 SHI
    287 words
  • 135 10 Ciapujr Particulars Ex Date Book* Close GmtliMn MMmji Bonus Issue of 1 for 4 Life Bonus Issue of If or 2 Bonus Issue of 1 for 1 Bonus lame of 1 for 4 Bonus lasue of l for 4 Aug 30 Sept 1 Sept 6 Oct 10 NYA
    135 words
  • 555 10 WITH very few exeeptiona, •hare prices were falling like ten pin* across the board at the Stock Exchange of Singe pore yesterday. This first sign of a reversal in trend after several weeks of almost uninterrupted rise was generally attributed to the circulars sent out by
    555 words

  • COMPANY NEWS
    • 466 11  -  By SUSAN BEVAN CARLSBERG'S announcement of a one-for-two bonus issue casts a rosy glow tor bonus fans over the rest the beer group's mid-term news which was rather mixed. Profits for the six months to June 30 were J3.46 million which is an increase of 13.8
      466 words
    • 82 11 THE Stock Exchange of Singapore and the Kuala Lumpur Stock Exchange have reached agreement on the free transfer of thtrci in four counters. The four companies are Sime Darhy Holdings, South east Asia Development and Corporation, Renong Tin and Pahang Consolidated. The agreement which comes into effect today
      82 words
    • 772 11  -  •y JIMI NGOH SOUTH JOHORE Amalgamated Holdings (SJAH) has again received a qualified report from Its auditors on Its latest accounts after receiving a similar one last year from another group of auditors. And like the previous year when auditors Hanaflah Raslan and Mohamad resigned, the
      772 words
  • Page 11 Advertisements
    • 1069 11 EMPLOYMENT OF CAPITAL FIXED ASSETS CURRENT ASSETS Amounts due under hire purchase and lease agreements Goods on lease Trode debtors Other debtors Statutory deposit with the Monetary Authority of Singapore Deposits with banks Bank balances and cash Less CURRENT LIABILITIES AND PROVISIONS Customers' fixed and call deposits Deposits from, and
      1,069 words

  • 361 12 UPI .WEST German Economics Minister Dr. Otto •faambedorff said yesterday that no other currency can take over the international role df the faltering American dollar. He urged the United States, as the world's banker, to pass an energy Bill, curb infla- tion, and put its financial
    UPI  -  361 words
  • 856 12 AP THE OUTLOOK for the US economy received another jolt in July as new orders for manufactured goods declined 3.8 per cent, the largest drop in nearly four years. The US Commerce Department said on Wednesday that it was the second month in
    AP  -  856 words
  • 327 12 SINGAPORE has become the funding centre of Asia because government regulations here permit major banks to run branches In contrast to Hongkong where international banks have been restricted to the finance company business. Disclosing this, Mr. Graeme Hay, a Singaporebased executive of Manufacturers Hanover Trust
    327 words
  • 749 12 LONDON, Thurs. Share prices closed easier in quiet trading today due to lack of incentive and continuing election worries, dealers said. Leading industrials were several pence lower but some were finished above the day's lows, and at 3 p.m. the Financial Times index was down 4.8 at 498.2.
    749 words
  • 604 12 Agencies JAPANESE International Trade and Industry Minister Toshio Kohmoto has said he wanted to lift the existing restraints of exports of major products such as cars and steel, implemented under his ministry's "administrative guidance" last April. The ministry has asked Japanese car, ship, steel,
    Agencies  -  604 words
  • 261 12 UNITED Overseas Bank has followed the footsteps of Development Bank of Singapore by raising its deposit rates but keeping its prime rate down at 7 per cent. UOB yesterday announced it-had increased its interest rate on savings to 4 per cent, a '4 per
    261 words
  • 404 12 Reuter THE JAPANESE Economic Planning Agency announced yesterday that the country's gross national product rose by 1.1 per cent in real terms during the first three months of this fiscal year, ending March 31,1979. This means that Japan will now have to achieve real GNP growth
    Reuter  -  404 words
  • 260 12 A 14-MEMBER mission will leave Singapore on Sept 10 to visit packaging Industries in South Korea, Japan and Taiwan. The tour is organised by the National Productivity Board of Singapore In association with the Asian Productlvlty Organisation (APO). The aim of the Singapore mission, said the NPB, is
    260 words
  • 724 12 LAWYER Khoo Hin Hlong was Jailed for three years on each of the two charges of abetting businessman- Cho Jock Kim to commit criminal breach of trust. The sum Involved was $248,405 belonging to International Holdings Pte Ltd. The sentence will run concurrently. He
    724 words
  • 90 12 A DISTRICT court terday allowed a statement given by a Hong Leong sales executive to a lawyer to bfc admitted as evidence. In th» statement, Wong Kurt£ Chee, 28, admitted to MQr, Foo See Juan of the law firm* Foo and Quek that she com* mitted
    90 words
  • Page 12 Advertisements
    • 313 12 zwy COURAGE CONFIDENCE LEADERSHIP DALE 10 ways Ike Dale Caraegle Coarse helps area aad womea: Acquire p*m and confidenci Speak effectively Ml yourself and your ideas a Be at your best with any (roup Remember names Think and speak on your feet Control tear and worry Be a better conversationalist
      313 words
    • 3 12 Leader Page 6
      3 words
    • 338 12 Boustead Holdings Berhad INTERIM REPORT For the six month* ended 30th June 1978 The unaudited Group profit before taxation for the six months ended 30th June 1978 was M 56,546,000 compared with M 56,513,000 for the same period last year. This has been achieved notwithstanding the reduced contribution from our
      338 words

  • 2471 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 ahlp, the shipping Unt involved, and the Mttmaud dates of arrival and departure, from Singapore port. > HwDatufc has a Jatat wtrvfcw kmaicwot
    2,471 words
  • Page 13 Advertisements
    • 449 13 Nedlloyd Lines Regular Liner Senricee To/From All Parts off the World. Singapore: Tel. *****, Port Kelang: Tel. *****1, Kuala Lumpur Tel. *****, Penan? Tel. ***** SHIPPING Q SANKYO LINEI AUSTRALIA SERVICE P. Ktiang Singapore Loadwif for MAYCARP 4/5 S^t PARADISEMOON ..15/lJSorf TUE RIVER 25/27 S«pt IN PORT SYD, MEL, Ao€l
      449 words
    • 511 13 THAI MAWN€ l/ 0€ "mvur PKjft REGULAR SCHEDULED CONTAINER FEEDER SERVICE li BETWEEN SINGAPORE/BANGKOK BANGKOK SINGAPOtf Mil SAMUT V.17 Mtaf lie* 4Sep! SS^ lITISAMUTVII I Sept H Sep* US* 14S KITISAMUTVI9 17S«*t ISSept 22 Sep! 23 Sept BOOKINGS/EMQUIKICS: OCEAN SHIPPING I ENTERPRISES PTC ITO 21ST FLOOR, MARINA HOUU. SHENTON IMT.
      511 words
    • 424 13 ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN PORTS OF ITALY. SPAIN, FRANCE S'pw« P.Kctaaf DttcturfMif m.v SELINOA SS«p 1 S«p Satarno. Monfakww Naptat, T rmt», VctMct m.v OINOUSSIAN MAIDEN 7/1 Oct 4+ BUROEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP I U.K. ACCEPTING THROUGH BILLS OF LAOING TO MAIN
      424 words
    • 365 13 ANHSING LINE REGULAR SEMI-CONTAINER/ LINO SERVICE S'peie P.Keianf Pmn| Learting tar UNION AUSTRALIA 2/S S«p( 31 Am MM UNION lEDDAH ....4/1 Seot MM AN KSIN6 W/lTSept- MMak LORD STEAMSHIP CO. S.A. TAIWAN/ STRAITS/ TAIWAN EXPRESS LINER SERVICE Ludiag fir fift KtiMf, fmni, tatftviif, KMtfciMif S'POK P.KCLANG PENANG TAIWAN LOONHSIM OM
      365 words
    • 116 13 Scan Dutch Fast and Regular Service To/From N.C. /SCAN/W.MED7U.K. Singapore: Tel *****, Port Keiang Te» *****1. Kuata.Lumpur Tet *****. Penang: Tel ***** NOTICES FESCO GULF ATLANTIC SERVICE LINE M.V. "KONBTANTIN PAUSTOVBKIY" Arrived: 22.8.78 ot Godown Nos: 300 P P W General Survey on damaged cargo ex. above vessel will be
      116 words

  • Page 14 Advertisements
    • 503 14 4£Hapag-flJoyt p«i n 8/9 11/9 «/10 9/10 21/10 24/10 ■< llii ANGLO-FRENCH TRADING 4 t Book, 2/781! I P.- t C*S ???6566 Tfrm,n 4 I I I W44 JJ 44/ 1 a-> United States Lines TRhCONTINENT CONTAINER SERVICE SERVING CALIFORNIA PORTS PANAMA SAVANNAH NEW YORKBALTIMORE NORFOLK HOUSTON NEW ORLEANS EUROPE
      503 words
    • 583 14 EEs! barber blue seal US ATLANTIC 03 GUtf 4 EAST CANADA Od 4/5 Oct Oct 7/j Od; Od 17 OdM Od J4 Od IS Odlt Od 17 Mii Od 19 Hot 4 IMN 0« J MM 21 Ik 1 Hw 14 Na»2S 0« I D«c 13 *d tntmt -rnmrrma- u/t,
      583 words
    • 582 14 seA Iland U.S.*./ ASM SERVICE wrerwrniro comwm sana sailing evert dednesmt rat ram in usa CMHM. CMNKM. MUM. Ma TMII, MM MM. TMIUM Mi PMUPPIKS vessel/voyage V«s3 cTXclosE WOklD TIGER V 8 SSSFR I!2P Sept 14/15 Sept 13 WORLD TIGER V 9 SEPT 21/22 SEPT 20 WORLD UON ¥10 SEPT
      582 words
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