The Business Times, 1 September 1978
1978-09-01
1
16
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The Business Times
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Title Section11 1978-09-01 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, SEPTEMBER 1, 1978 50 CENTS11 words
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BRIEFLY...
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Article68 1978-09-01 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 haveAFP - 68 words
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Article63 1978-09-01 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 earnReuter - 63 words
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Article63 1978-09-01 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 WestReuter - 63 words
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Article92 1978-09-01 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
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Article56 1978-09-01 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 yetReuter - 56 words
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Article80 1978-09-01 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 WhiteAFP - 80 words
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Article51 1978-09-01 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
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Article65 1978-09-01 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 1500UPI - 65 words
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Chief Price Changes
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Article, Illustration253 1978-09-01 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 171253 words
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971 1978-09-01 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 collar971 words
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Article441 1978-09-01 1 RONNIE LIM - •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 Flori441 words
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260 1978-09-01 1 SOH TIANG KING - •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 saidin260 words
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327 1978-09-01 1 JOHN LIM - •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 is327 words
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507 1978-09-01 1 QUEK PECK LIM - •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.507 words
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Page 1 Advertisements
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Advertisement17 1978-09-01 1 COPIES ANYTHING FITS ON A TABLE TOP The KL Stock Exchange was closed yesterday, Malaysia's National Day17 words
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Advertisement160 1978-09-01 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 introductions160 words
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Advertisement35 1978-09-01 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#35 words
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Advertisement100 1978-09-01 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 1700100 words
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TRADE AND INDUSTRY
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Article527 1978-09-01 2 V.K. CHIN - 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 Leong527 words
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228 1978-09-01 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 ofAFP - 228 words
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291 1978-09-01 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 disc291 words
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263 1978-09-01 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, particularlyAFP; Reuter - 263 words
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Article736 1978-09-01 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 forReuter; AFP - 736 words
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Article, Illustration130 1978-09-01 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 that130 words
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Article, Illustration158 1978-09-01 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 Boon158 words
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Article84 1978-09-01 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 withReuter - 84 words
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Article, Illustration186 1978-09-01 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.186 words
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Article243 1978-09-01 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 on243 words
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Article52 1978-09-01 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 science52 words
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Article371 1978-09-01 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 1-5:371 words
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Page 2 Advertisements
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Advertisement162 1978-09-01 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 Hin162 words
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Page 2 Miscellaneous
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Miscellaneous596 1978-09-01 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 Head596 words
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OVERSEAS
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544 1978-09-01 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 statementAgencies - 544 words
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Article579 1978-09-01 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 hasNYT - 579 words
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Article182 1978-09-01 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 FederalAP - 182 words
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Article169 1978-09-01 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 aboutAP - 169 words
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461 1978-09-01 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. AndReuter - 461 words
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Article171 1978-09-01 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 taxesUPI - 171 words
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WORLD IN BRIEF
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Article433 1978-09-01 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 July433 words
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192 1978-09-01 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 a192 words
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782 1978-09-01 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 uptrend782 words
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Article90 1978-09-01 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 in90 words
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Page 3 Advertisements
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Advertisement254 1978-09-01 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 and254 words
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RAW MATERIALS
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Article419 1978-09-01 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, emerged419 words
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Article17 1978-09-01 4 Rubber: Aug 31 Singapore: Sept 238.75 cents (up 0.75 cent) Malaysia: Sept closed Tin: closed17 words
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Article156 1978-09-01 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. 231156 words
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Article65 1978-09-01 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 216.00N65 words
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Article87 1978-09-01 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 November87 words
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Article182 1978-09-01 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 late182 words
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Article199 1978-09-01 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:199 words
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Article412 1978-09-01 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 cautious412 words
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Article370 1978-09-01 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 closing370 words
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Article192 1978-09-01 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 1980192 words
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Article615 1978-09-01 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
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Article242 1978-09-01 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 ahead242 words
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Article131 1978-09-01 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 345131 words
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Article65 1978-09-01 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 mostly65 words
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Article345 1978-09-01 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 trade345 words
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Article216 1978-09-01 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 physical216 words
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Article110 1978-09-01 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 prevent110 words
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Article248 1978-09-01 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 workers248 words
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Article260 1978-09-01 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 unchanged260 words
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Article546 1978-09-01 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 $207.40/70. The highest and lowest546 words
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MONEY AND EXCHANGE$
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Article504 1978-09-01 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 before504 words
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Article199 1978-09-01 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 ...9199 words
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Article48 1978-09-01 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 Ltd48 words
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Article22 1978-09-01 4 THE tnrali rat* at which Singapore banks an currently prepared to lend te their best customers is V 7 per cent.22 words
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Article131 1978-09-01 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 short131 words
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Article216 1978-09-01 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 dampening216 words
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Article192 1978-09-01 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 after192 words
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Article197 1978-09-01 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 with197 words
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Article147 1978-09-01 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 on147 words
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Article55 1978-09-01 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 2402-245655 words
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Article45 1978-09-01 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/W45 words
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Article50 1978-09-01 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 1.888350 words
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Page 4 Advertisements
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Advertisement40 1978-09-01 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 ***** TLBREPJKT40 words
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TRANSPORT
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474 1978-09-01 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 toReuter - 474 words
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Article279 1978-09-01 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 bestAP - 279 words
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Article35 1978-09-01 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.35 words
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Article, Illustration389 1978-09-01 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) 46389 words
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Article155 1978-09-01 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 three155 words
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Article, Illustration118 1978-09-01 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 number118 words
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Article, Illustration310 1978-09-01 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 BritishReuter - 310 words
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286 1978-09-01 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 usualUPI - 286 words
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Article176 1978-09-01 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
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Article180 1978-09-01 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 theReuter - 180 words
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Article774 1978-09-01 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 BWN774 words
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Page 5 Advertisements
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Advertisement139 1978-09-01 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 of139 words
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346 1978-09-01 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 than346 words
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Article316 1978-09-01 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 aggravate316 words
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Article, Illustration1150 1978-09-01 6 John Tan - 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 tax1,150 words
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Article784 1978-09-01 6 JERRY SCHWARTZ - 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 byAP - 784 words
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Page 6 Advertisements
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Advertisement294 1978-09-01 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) treat294 words
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Advertisement43 1978-09-01 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 extn2s3643 words
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Page 6 Miscellaneous
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Miscellaneous60 1978-09-01 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 for60 words
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Miscellaneous280 1978-09-01 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 Antique280 words
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Article, Illustration1030 1978-09-01 7 ALAN RIDING - 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 forNYT - 1,030 words
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Article751 1978-09-01 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 says751 words
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Article, Illustration719 1978-09-01 7 DAVID BINDER - •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 -ntaifNYT - 719 words
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882 1978-09-01 7 JOHN DRYSDALE - 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 credit882 words
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Page 7 Advertisements
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Advertisement278 1978-09-01 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 333278 words
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Advertisement64 1978-09-01 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, Orchard64 words
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Page 7 Miscellaneous
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Miscellaneous58 1978-09-01 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.... cweese58 words
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INTERNATIONAL STOCK MARKETS
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Article387 1978-09-01 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
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Article616 1978-09-01 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 theSource: DBS-Daiwa - 616 words
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Article345 1978-09-01 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 nextSource: SHK Sec - 345 words
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Article150 1978-09-01 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 unch150 words
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Article339 1978-09-01 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, fourReuter - 339 words
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Article199 1978-09-01 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 Insurance199 words
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Article62 1978-09-01 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 457.4262 words
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Article1161 1978-09-01 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 the1,161 words
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Article538 1978-09-01 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 In538 words
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Article98 1978-09-01 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 33798 words
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Article275 1978-09-01 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) 1300275 words
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Article1721 1978-09-01 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 Am1,721 words
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Article209 1978-09-01 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 Contl209 words
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Article225 1978-09-01 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 2225 words
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Article188 1978-09-01 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 George188 words
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Article104 1978-09-01 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 -S104 words
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Article342 1978-09-01 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. The342 words
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Article154 1978-09-01 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 trucksReuter - 154 words
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Page 8 Advertisements
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Advertisement337 1978-09-01 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
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INTERNATIONAL COMPANY NEWS
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1497 1978-09-01 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
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142 1978-09-01 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 betweenReuter - 142 words
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Article30 1978-09-01 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
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Article54 1978-09-01 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 centReuter - 54 words
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127 1978-09-01 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 fromAFP - 127 words
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Article69 1978-09-01 9 Reuter LONDON: Grindlay Brandt Asia Ltd has signed an agreement with Thailand for a US$32 million eightyear loan. Interest is at V* per cent above London interbank offered rates for the first four years and at for the remainder. The loan is to finance British exports. Lloyds BankReuter - 69 words
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Article36 1978-09-01 9 Reuter ZURICH: The forthcoming 100 million franc, 12-year bond issue by OerllkonBuehrle Holding AG will bear a coupon of 3.5 per cent and be issued at 101 per cent, bond market bankers said. Reuter.Reuter - 36 words
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Article56 1978-09-01 9 Reuter TOKYO: Jusco Ltd said it is studying plans to issue an 80 million mark convertible bond and a 70 million Swiss franc convertible bond on the German and Swiss capital markets respectively, in October. But the Japanese supermarket operator declined further details pending a formal decisionReuter - 56 words
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Article59 1978-09-01 9 Reuter TOKYO: Asahi Optical Co Ltd said it will sign a contract in Dusseldorf on Sept 8 to issue a 50 million mark' convertible bond with underwriting syndicate led by Yamaichi International (Europe) Ltd of London. The issue is convertible from Dec 1, 1978, and bond market sources saidReuter - 59 words
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Article96 1978-09-01 9 Reuter TOKYO: The US$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 beReuter - 96 words
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Article56 1978-09-01 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 LiborReuter - 56 words
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Article73 1978-09-01 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. TheReuter - 73 words
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Article53 1978-09-01 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 managerReuter - 53 words
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275 1978-09-01 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 railwayReuter - 275 words
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Article45 1978-09-01 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. ReuterReuter - 45 words
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Article52 1978-09-01 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 DecReuter - 52 words
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Article352 1978-09-01 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 JulianFT - 352 words
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Article72 1978-09-01 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 NKr72 words
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620 1978-09-01 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 LtdReuter - 620 words
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Article244 1978-09-01 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 AsReuter - 244 words
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Article128 1978-09-01 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 59.86Reuter - 128 words
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334 1978-09-01 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 impactFT - 334 words
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92 1978-09-01 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 situated92 words
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Page 9 Advertisements
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Advertisement330 1978-09-01 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
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Article1667 1978-09-01 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. Big1,667 words
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Article2513 1978-09-01 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 BAT2,513 words
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Article100 1978-09-01 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 F100 words
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Article171 1978-09-01 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' totalled171 words
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Article139 1978-09-01 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'pore139 words
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Article, Illustration473 1978-09-01 10 MANO SABNANI - 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 with473 words
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Article99 1978-09-01 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. Alexandra99 words
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LATEST RESULTS
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Article82 1978-09-01 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 (52382 words
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Article287 1978-09-01 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 SHI287 words
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Article135 1978-09-01 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 NYA135 words
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Article, Illustration555 1978-09-01 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 by555 words
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COMPANY NEWS
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Article, Illustration466 1978-09-01 11 SUSAN BEVAN - 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 13.8466 words
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Article, Illustration82 1978-09-01 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 today82 words
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Article, Illustration772 1978-09-01 11 JIMI NGOH - •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, the772 words
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Page 11 Advertisements
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Advertisement1069 1978-09-01 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, and1,069 words
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Article, Illustration361 1978-09-01 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 financialUPI - 361 words
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856 1978-09-01 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 inAP - 856 words
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327 1978-09-01 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 Trust327 words
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Article749 1978-09-01 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
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604 1978-09-01 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
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261 1978-09-01 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 per261 words
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Article404 1978-09-01 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 growthReuter - 404 words
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Article260 1978-09-01 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, is260 words
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Article724 1978-09-01 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. He724 words
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Article90 1978-09-01 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* mitted90 words
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Page 12 Advertisements
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Advertisement313 1978-09-01 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 conversationalist313 words
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Advertisement338 1978-09-01 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 our338 words
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Article2471 1978-09-01 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 kmaicwot2,471 words
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Page 13 Advertisements
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Advertisement449 1978-09-01 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€l449 words
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Advertisement511 1978-09-01 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
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Advertisement424 1978-09-01 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 MAIN424 words
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Advertisement365 1978-09-01 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 OM365 words
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Advertisement116 1978-09-01 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 be116 words
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Advertisement503 1978-09-01 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 EUROPE503 words
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Advertisement583 1978-09-01 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
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Advertisement582 1978-09-01 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 SEPT582 words
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Advertisement910 1978-09-01 14 \y 1 Everett Lines 9 Ewt SfciM"»| Carp*. 9 \|Bk "BURMESE NATIONAL LINE" LOADING FOR RANGOON MlgjgM***) VvMft B.F.S S.C. Agents in Malaysia: TEPS MALAYSIA Port Ketang Tel (38) 7355 Penang Tel. *****/***** Compama Argentina Da Wev«|eeieii Imarcortinantal S. A. C.I. F. AR NATIONAL LINE" LOADING ft* DURBAN CAPETOWN BUENOS910 words
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Advertisement666 1978-09-01 14 JZM I\RDIM I Ml Orient Overseas e -Amm FULLY CONTAINERISED SERVICE FROM EUROPE outi Trtre neptunc nuti IK CHEVALIER ton IK NKONS CONTAINER ill Qll mercatoric WjM omental chief IK S. SEAS BRIDGE 17E ORIENTAL RESEARCHER 4E NEPTUNE CORN. IK 7/9 «/9 14/9 15/9 23/9 24/9 29/9 30/9 ft/10 7/10666 words
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Advertisement1050 1978-09-01 15 QC.L. Overseas Containers Limited TT fnw w> TBKTBBAT em 0 MI •HU HT I'm p. Kelanf ITaart area. Awe'p Havn IS llql Htm lllql 11 Mft HMD iim Hit* Kill* ntntd M) 11 sm him 4 act i m i mob aco suit aim u «ct ii act h w1,050 words
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Advertisement896 1978-09-01 15 Ben Ocean Ajotriaervic*ofßißnLiMßlueFbmelC3enljneandNShdO *1 AMERICAN PRISJDCNT LINES MCXECStX mpporo; Lumpur/P ictep MAERSK LINE ZJL TTtJTH cMnHTfmuu. ixmss timet n ivu/i. uu Vessel NANS MAERSK ESTELLE MAEKK CLIFFOIO MACKS NlllOA MAEtSK CORNELIA MAEtSK Silt P. Kelang Pen Sailed 1/ bM 14/ t it/ a/ U/% Jpn Oestioed 13/ t Yok, Hot).896 words
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Advertisement771 1978-09-01 15 *****777 tkiJIMMB KKUM IIW» UNrt lITMI Ml HUM UT II twt 11 n~i«r ni<* 1 mm«« u#\ Mint n*m nun <1 ten at# M I M I M I M (II M I kl fbSbu rwK nttni rwM mm smon sBk. m* SMM S*M (MM !«M I lapl MK. IK.771 words
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Advertisement781 1978-09-01 15 Scan Dutch V CONTINENT/SCANDINAVIA Feeaer trm P K*i«<t mm S m 1) Msaiiias *o»- 5 Nburi 4) Ckir, FUKKU FUMISU EASTBOUND FROM MED/UK/ li Gbura 2) Hm 31 I'M* Km S) l«M 6) M'MiliM P, KclW| i l»l a 3. BIBTIAAH Sailed Ulad UiM IM WIN h.W M 8 tkM781 words
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Advertisement449 1978-09-01 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. LYKES ORIENT LINE EE SINGAPORE *****4 PT KELANG *****1 KUALA LUMPUR *****1 PENAMG *****1 lECBLAI INOEPENOENT SERVICE FESCO LINES FESCO STRAITS PACIFIC LINE roi pacific south am northwest S pore P Riant Penang T'mani S'lam HBR MV ANTON CNCRNOV Sa lea Sale* SaileP449 words
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Advertisement887 1978-09-01 16 K LINE KAWASAKI KISEN KAISHA. LTD ——BMBHBI (VIA SKB CMWmt H S'poro P. KetMif L Hwft H"bw| Bremen Wtom Kwtrp Kannr Hm 2£ ag a*j nsg »«g *?Bm2W SsS asS II let II let II let 14 let II «ci S iS SSS SSt II let 21 let II let887 words
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Advertisement674 1978-09-01 16 lePt/SSapt V ll* 1/ BSapt VI *M "cmauHiuii" vay. in *"H m»i■wiMwmr v«r in a/a*wt a sapt 1/1 hi j "c«iumuu«" vh. in 10/21 Oct n Oct a/a I. MAR H 1 VARm V S( H» >6 3611 8 AFEA LINE SEW-CINTAINEI EXPRESS SERVICE Sporo lIRECT Tl LACOSAPAPA EtESSA dMtt674 words
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Advertisement921 1978-09-01 16 ■LLi 3. LTD •FULLY COKTAINEEISCO SfkVICtS: rpm p. K*i»f JJy wmu PMCH laPart 2S* llSift HS* 23S* NEPTMECMALt lIS* 15 Sift 1 »JJ cirntua nr as* as* i act 12 m ii pmumms as* as* w a* n NEPTWRE PEAIL I let ?kt ak! 27 I* akt NEKATM DM IS921 words
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Advertisement388 1978-09-01 16 JMOirSMff HWtNATKJHAI SMMN6 COMKM4JIOW MM4O EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA U G'bgrj 8 H'kvrf MTUNtIA i»IU UM Ml KLTT Sa.M SMM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Dmi S port P. Kelanf Penan* tllliM tan HUH i/4t«t l/lhpt lion* 22/9. Cd:«/lpaol 21'9 Bbuttel 3/10. Hlwrc 5/10, Mam 7/10. Arnrp388 words
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Advertisement731 1978-09-01 16 INTRfISEA (PTE) LTD. Htsuut iwwkit sum/fill container service to eompc run Mlax Nan lnl< Mr 1 ■hum MiT iaae»t 22Sapt m tart NVi/rm'i'w,. muiu «n* aim 1 act snaaiptoa/iaarM>i«tv' MUU Mil TB act act 7 Bet ll'Dw/hWBo«lae"». fmm wm mum*s tun time sm tbmi, arn/i \~Kansai Line STRAITS/AUSTRALIA SERVICE Singapore731 words
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