The Business Times, 2 September 1978
1978-09-02
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The Business Times
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Title Section11 1978-09-02 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, SEPTEMBER 2, 1978 50 CENTS11 words
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BRIEFLY...
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Article41 1978-09-02 1 Reuter. TOKYO, Frl. Japan's external reserves fell by US$l63 million In August to $29.20 billion (***** million to $65.7 billion), the Finance Ministry reported. The end-August total however, was higher than the $17.77 billion a year before. Reuter.Reuter. - 41 words
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Article59 1978-09-02 1 UPI. TOKYO, Frl. The number of unemployed people In Japan in July dropped moderately from the previous month but still remained at a high level, a government spokesman said today. Mr. Sakonshlro Inamura, director-general of the Prime Minister's Office, told the Cabinet the country's jobless lastUPI. - 59 words
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Article49 1978-09-02 1 AP. HONGKONG, Frl. Hongkong's acting director of Trade, Industry and Custom* Bill DorwardJeft for Oslo today for talks with Norwegian authorities on imports of Hongkong textiles. Norway recently announced Its Intention to replace the selective restraints against Hongkong which It Imposed in January with global restrictions. AP.AP. - 49 words
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Article50 1978-09-02 1 Reuter. KUALA LUMPUR, Frl. Peninsular Malaysian rubber exports rose to a provisional figure of 117,277 tonnes In May from 114,728 tonnes In April and 107,442 tonnes In May, 1977, the Statistics Department reported. Imports rose to 3,708 tonnes (3,200 In April and 4,220 In May, 1977). Reuter.Reuter. - 50 words
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Article57 1978-09-02 1 AP. TOKYO, Frl. The US dollar, after plunging to a low 188.20 yen In midweek, rallied to close at 191.25 yen today. The dollar's gain was attributed to heavy demand from Japanese Importers, particularly oil companies, dealers said, while trading houses bought dollars to settle Import bills dueAP. - 57 words
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Article62 1978-09-02 1 Reuter. WELLINGTON, Frl. New Zealand today unveiled a plan to slash Its NZ$5OO-mllllon (Ssl.2 billion) annual oil imports bill by using offshore gas. Prime Minister Robert Muldoon announced a programme to use natural gas to produce methanol which he said could be mixed with petrol and dleselReuter. - 62 words
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Article45 1978-09-02 1 Reuter. TOKYO, Frl. The Japanese government tomorrow will unveil an economy-boosting 2,500-billion yen (Ss3o billion) supplementary budget programme expected to enable Japan to achieve its much-publicised target of 7-per cent economic growth in the current financial year, senior government sources said today. Reuter.Reuter. - 45 words
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Article77 1978-09-02 1 UPI. NEW YORK, Frl. Despite a bright government report on the unemployment situation, prices were lower In early trading today. Turnover was fairly active. The Dow Jones Industrial average added to yesterday's loss with another drop of 1.29 r)lnts to 875.51 shortly before 11 a.m. (It eased 90UPI. - 77 words
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Chief Price Changes
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Article121 1978-09-02 1 Rises Most active H K Land C*C 8ft™ CfliWi 670 590 370 418 885 +50 +35 18 18 15 Haw Par 1,121,000 Fiber Merlin 1,098.000 Suae Darby 720,000 u L 492,000 81a Chew 418 +14 Total Turnover: 8.33 m HivPir 238 13 Total Value: $19.51 m Snaiaet121 words
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Article, Illustration172 1978-09-02 1 Rites Most active Castle field Carlsberg M Tobacco Dutch Baby C Sugars 13.00 6.80 5.00 2.40 3.74 .70 .40 .27 .22 .18 F Merlin 1,183.000 Haw Par 1,106,000 Sim Llm 662.000 O Lumber 552,000 Harper Ollf 3.54 .14 Total Turnover: 9.44 m O Lumber 1.55 .11 Total172 words
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Article669 1978-09-02 1 JOHN LIM - OTHER CAMERA MAKERS COMING By JOHN LIM ROLLEI expects to snap up $20 million worth of subcontract work next year and has set Its sights on $30 million worth for 1980. The sub-contract work, to make camera components and accessories for other camera manufacturers, Is669 words
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Article299 1978-09-02 1 SINGAPORE has announced tariff reductions ranging between 10 per cent and 20 per cent on products of Asean origin under the Asean PreferenUal Trading Arrangements (PTA). A Customs and Excise Department statement said the tariff cuts took effect yesterday. The items Include confectionery, clothing accessories,299 words
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Article, Illustration353 1978-09-02 1 COLIN CHEE - ■y COLIN CHEE MOSCOW Narodny Bank has begun to sell properties mortgaged to It by some of the companies In which millionaire Hoo Llong Thing Is a major shareholder. This sets moving the machinery which will help the Russian state-owned bank to recover353 words
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Article211 1978-09-02 1 THE LAW firm of Chor Pee and Hln Hlong yesterday gave their "profound and unreserved" apologies to Senior District Judge T. 8. Slnnathuray and the Judiciary for writing a letter which was considered contempt of court. Eight of the firm's 11 solicitors rose and bowed before the Judge211 words
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324 1978-09-02 1 QUEK PECK LIM - •y QUEK PECK LIM HARIMAU Investments. Singapore'# first publicly listed closed sad ftmd Is to e«M to the market for SM —uh—. The Issue, which is expected to be annoaaeed over the next few days will be offered in the form324 words
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490 1978-09-02 1 RONNIE LIM - •r RONNIE LIM BRITAIN HAS given Singapore a kick In the pants by slapping quotas on the import of certain types of trousers. Imports of Singa-pore-made knitted or crochetted trousers are now exceeding the tolerable limit set by Britain by more than 10 times.490 words
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Article82 1978-09-02 1 EVENTS have moved so swiftly at Singapore Finance that the paper work Is only just catching up. Over the last 10 days, both United Overseas Bank and Hong Leong Finance have announced substantial acquisition of SFL shares. Yet of the more than eight million shares both bidders82 words
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Page 1 Advertisements
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Advertisement9 1978-09-02 1 vcrc'tt line s imuim TO JAP AH BAMMOK JLiU9 words
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Advertisement96 1978-09-02 1 Leader Page 6 BSTiMEYCUGWIE To BWWEST. Chances are that at Pan-West we have just the right equipment to help improve your game. At Pan-West we stock the finest range of top quality golfing equipment Confidence, Honma. Lynx to name a few Drop in on us and browse around. Take a96 words
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Advertisement81 1978-09-02 1 SEE BACK PAGE Leader Page 8 SBB wagi Mil to iaentM by 97m a yoar FEDERAL RtMm takes a back Mat to aaarkst TOO nwny skips spoil the flsst INDUSTRIAL safety a JAPAN'S industrial thrust in China APOLLO Enterprises benl Sentoeo Hotol BIG loop by Public Bank CARTER lobMss for81 words
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Advertisement250 1978-09-02 1 INSURANCE PROOF OF LOSS CALL THE PROFESSIONALS TEL *****5/7 ASIAN APPRAISAL CO. PTE LTD. Suites 702 704. Supreme House, Pcnanf R&, S9 between Singapore and Indonesia myth and reality The latest issue of the ASEAN end; and comprehensive lists of Business Quarterly is full of interest for Indonesia's priority rating250 words
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TRADE AND INDUSTRY
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346 1978-09-02 2 PETRONAS, the Malaysian state oil company, will conduct detailed feasibility studies of the downstream projects recommended in a master plan prepared by C. Itoh of Japan. Petronas chairman and chief executive, Tan Sri Abdul Kadlr Shamsuddln, said It Is a normal practice to carry346 words
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196 1978-09-02 2 LOCAL businessmen can have atceos to data banks and networks In the US. such as Telenet and Tymet. from this month with the Introduction of the Telepac service by the Telecommunications Authority of Singapore This Is one of the new telecommunication services that196 words
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Article111 1978-09-02 2 Reuter PERN AS Company yesterday signed a contract In Kota Klnabalu with Sabah's rural cooperative to build a cold storage unit at a cost of Ms 3 million. Under the contract signed by Pernas' engineering firm, the unit to be built next month near theReuter - 111 words
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Article424 1978-09-02 2 UPI, Reuter. JAPAN'B Fair Trade Commission yesterday gave approval to six aluminium smelters and four vinyl acetate monomer producers to start concerted production cutbacks to ride out a recession. Commission officials reported that 20 asbestos producers were also authorised to extend their limited-production cartel until Oct. 31. TheUPI,; Reuter. - 424 words
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Article, Illustration141 1978-09-02 2 PAUL Y. Construction was awarded a $10miliion contract by the Hongkong-based Harilela Group to build a private hospital for women and children. Situated on a 4,000-square metre site at Thomson Road, the proposed four-storey hospital will be air-conditioned with luxury suites and private rooms and specially-de-signed mother141 words
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318 1978-09-02 2 NEW supporting companies in the manufacturing sector in Singapore are doing a poor marketing Job. Manufacturers are getting their requirements from Australia, Japan, Taiwan and the United States when they can get them here but are simply ignorant of it. Making this blunt observation318 words
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Article92 1978-09-02 2 UPI. HONDA Motor Company, the world's top motorcycle maker, has decided on a substantial Increase in iU oversea procurement, company sources said yesterday. The motorcycle-auto-motive firm will soon start assembling at Honda Europe NV, a European subsidiary based in Belgium, with 1.1 billion yenUPI. - 92 words
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Article, Illustration218 1978-09-02 2 ICI PAINTS ha* developed a new transparent wood finish. Dulux Timbertone Transparent Finish, which enhancos the wood grain features of the surface painted upon. ICl's director and general manager, Mr. E. Lavelle, said Timbertone ia revolutionary, because with a stroke of the brush, Singaporeans can218 words
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472 1978-09-02 2 THE MINISTRY of Education Is revising the primary school science syllabus and textbooks after looking Into the deficiencies of teaching the subject in Singapore schools. Existing science textbooks especially for primary schools tend to contain too many factual details, said Mr. Chua Slan Chin, the Minister472 words
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Article321 1978-09-02 2 Reuter. THE Indonesian government has abandoned Its plans to hand over concessions of the American Caltex oil company to its own firm Pertamlna and Instead has decided to extend Caltex's production sharing contract for 30 years. A Mining Ministry spokesman said yesterday the decision was taken onReuter. - 321 words
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Article105 1978-09-02 2 THE INDIAN government Is seriously thinking of taking corrective measures like a cash subsidy and easier Imports of certain raw materials, If they are cheaper abroad, so that manufacturers could boost fabric exports from India. There was a steep decline In exports of both105 words
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473 1978-09-02 2 RAHIM KASSIM - •r RAHIM KASSIM THE SINGAPORE Bus Service will spend an additional $7 million a year in wage costs when implementing this year's National Wages Council recommendations and its revised salary scales. Monthly-rated SBS employees will receive a wage Increase of $12473 words
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166 1978-09-02 2 DATAPREP managers will meet In Manila for three days from Sept. 9 to review the company's future marketing policy. The management conference will be attended by seven managers from Asean, Taiwan and Hongkong, Including the group's managing director, Mr. Donald Wong. Mr. Holon Wong,166 words
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Article355 1978-09-02 2 COURSES AND TALKS Aug 12-Sept 2: An understanding of company law, SIM, SIM Sept 1-Oct 6: A practical approach to computerised mgt Information system (MIS), SIM, SIM Sept 1-5: Regional Seminar on Commercial Factors In Mass Marketing Publishing, RELC, National Book Dev Council of S'pore Sept 2-16: The355 words
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Page 2 Advertisements
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Advertisement140 1978-09-02 2 m.v. "VISHVA ABHA" VOY: 18 arrived 31st August, 1978. at P.S.A. Godown No. 18. General Survey of damaged cargo ex the above vessel will be held on Tuesday sth September, 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agents R. JUMABHOY140 words
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Page 2 Miscellaneous
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Miscellaneous617 1978-09-02 2 TWO-11-OIE CROSSWORD 1 CRYPTIC PUZZLE ACROBB 4 Carriage forward from Sydney (6) 7 Not a lawless city (8) 8 One yearning to be taller? (8) 10 They're climbed as one walks (5) 13 I leave the beach with James (4) 14 How Bee* becomes Irish (4) 15 Chaae In a617 words
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OVERSEAS
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495 1978-09-02 3 AP JORDAN'S Crown Prince Hassan bin Talal said poor nations seeking economic Justice from the rich have to clean their own houses of outmoded Ideas that hinder economic progress. •"We In the developing countries n£»* help, but what are we doing to helpAP - 495 words
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Article133 1978-09-02 3 Reuter. THE NET Inflow of foreign Investment in enterprises in Australia rose to As4o7 million (551.05 billion) in the second quarter, from $116 million in the first quarter, compared with $273 million a year ago, according to preliminary Statistics Bureau figures released In Canberra. Inflow for fiscalReuter. - 133 words
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Article, Illustration170 1978-09-02 3 AT 264 m and still climbing, Sydney's Centre point Tower has become the tallest commercial building in Australia. It now overlooks its neighbour, the Mutual Life and Citizen's Assurance Company Ltd (MLC) building, the previous record holder at 244 The Centrepoint Tower is expected to reach its designed170 words
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244 1978-09-02 3 AFP. NEARLY half Taiwan's manufacturers believe they were hurt by the revaluation of the New Taiwan dollar in July according to a survey conducted by the Taiwan Institute of Economic Research, a private organisation. Of 300 major manufacturers surveyed, 47.6 per cent reported theirAFP. - 244 words
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Article882 1978-09-02 3 Reuter. THE US Federal Reserve should be able to hold Federal funds around their present 8-5/16 per cent level over the near-term following the modest fall in narrowly-defined money supply reported on Thursday. After raising Federal funds by half a point since the lastReuter. - 882 words
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Article77 1978-09-02 3 NEGOTIATIONS to settle New York's three-week-old newspaper strike were broken off abruptly on Thursday night, with the publishers and printers angrily blaming each other for the stalemate. The spokesman publisher Rupert Murdoch, said a contract proposal put forward by the printers on Wednesday was77 words
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424 1978-09-02 3 Reuter. CHRYSLER UK will enjoy the total support of PSA Peugeot-Cltroen, PSA chairman Jean-Paul Parayre said. "We consider that this undertaking Is worth more than all the formal guarantees which can be written," he said. He declined to give details of talks currently underway between theReuter. - 424 words
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WORLD IN BRIEF
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Article549 1978-09-02 3 Agencies CHINA is facing the stark prospect of another poor harvest, the third In a row, and very probably will be Importing more wheat this Autumn, Business week, a 05 publication, reported In its latest issue on Thursday. Chinese leaders ordered an additional 11.5 million tonnesAgencies - 549 words
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335 1978-09-02 3 NYT RIVAL bidding may develop over the World Trade Centre in New York between West Germany's Deutsche Bank AO and a group of investors reportedly being organised by real estate developer Donald Trump. Mr Trump, president of the Brooklyn-based Trump Organisation, which has becomeNYT - 335 words
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Article307 1978-09-02 3 Reuter. SOME 45,000 striking miners have told the Peruvian military government they will defy Its ultimatum to return to work. Miners' leader Jacinto Pozo said: "We will not end the strike until the government re-hlres sacked miners." The government on Wednesday told the miners, whoReuter. - 307 words
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Page 3 Advertisements
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Advertisement103 1978-09-02 3 aV«.T T.\ I SI I M 5 2 WW 1 <\ x *K> t- VJA\ f. Vl* r V VI w 2 j it \J amrs 8 Ab/ one, bu/ three NAi to be won in the new Crc contest? 1 i? 31 LS I 4Mh Issue Four o< THE103 words
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RAW MATERIALS
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Article467 1978-09-02 4 THE SINGAPORE market closed yesterday slightly lower with September One RSS buyers quoted at 238.25 cents per kilo, down 0.50 cents from Thursdays close, dealers said. Afternoon prices were quietly steady around lunchtlme levels until after the close. Fresh forward buying and pre-hollday covering caused the467 words
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Article322 1978-09-02 4 R.A.S. prices in cents per kilo yesterday: Noon (per kilo) CIOM (per kilo) Int. 1 R S S. prompt f o b. Int. 1 R.8.S. Sept Int 1R 8.8. Oct Int. 2 R 8.8. UK/Cont. Int. 3 R.S.S UK/Cont. Int. 4 R.S.S. UK/Cont Int. 5R.8.S. UK/Cont. Buyers 237.90322 words
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Article101 1978-09-02 4 NOON SSR and SMR prices yesterday Seotei nber October RAS I Current Mth) (Forward Mth) Buyers Sailers Buye rs Sellers (cents par kg) (eeats per M) SSR 20 (1-ton pallet) 215.50 217.SON 216.SO 218.SON SSR SO (1-ton pallet) 213.50 215.SON 214.90 218.SON M RK LB SMR5CV (1-ton101 words
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Article85 1978-09-02 4 IM F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Pffvioui Malaysian i% f fa bulk per tonne October 590 sir 580 sir Sumatra 5% (fa bulk August 835 sir 830 sir September 625 sir 817W/820pd October 800 sir 597 S/598 pd November 58585 words
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Article27 1978-09-02 4 Rubber: Sept 1 Singapore: Sept 238.25 cents (down 0.50 cant Malaysia: Sept 245.00 cents Tin: MS 1306 (up 138) Turnover: 283 tonnes (down 57 tonnes)27 words
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Article194 1978-09-02 4 BANGKOK rice prices yesterday: fin US dollars per tonne FOB tKisis Bangkok). White Rice: 100 pet Ist class 387. 100 pet 2nd class 382. 100 pet 3rd class 377 10 jP cl 347 15 P° l 342 20 Pet 342. 25 pet 327. 35 pet unq. Broken: A-l super194 words
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Article395 1978-09-02 4 APART from the small inquiries Received for copra and coconut oil, the Singapore produce market yesterday went through yet another dull period of trading. The Inquiries for crude oil from neighbouring consumer countries found Singapore millers In a tight position and they were therefore able to fill only395 words
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Article134 1978-09-02 4 THE sugar market closed yesterday firmer in quiet trading, with 15 lots traded. Trading was confined to October and March deliveries, rising 0.23 and 0.34 U8 cents respectively. The Hongkong dally spot sugar price firmed 0.20 cents. Sugar futures closing price* Ctaf Pr*v Clag Oct 7.41/43 7.18/20 Jan134 words
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Article200 1978-09-02 4 YARN and cotton tn Hongkong dollars, spot ex-godown Cotton Vara China Blue Phoenix 20 s unq. 32 s 2.590. 40 s 2.660 (per bale of 400 lbs.) Ptoea Good* China: Butterfly and CHobe brand unq. Dragon Head unq. Plve Lambs unq. Plover and Butter«jy unq Plying Oeeae unq.200 words
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Article181 1978-09-02 4 ROBUSTA futures yesterday ended the opening call steady C2B to £17 up. Turnover was 526 lots. Dealers attributed early gains to trade and commission house buying which may also have Included some chart support ahead of the weekend and Mondays's US Labour Day holiday. Arablca futures opened dull, tradeless181 words
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Article194 1978-09-02 4 TERMINAL cocoa on Thursday closed around session highs with on balance gains of £47 to £28 per tonne. Turnover totalled 6721 lots including 2,260 lots crossed and 10 options. Dealers said the market's strength was linked to good physical enquiry partly on a differentials basis for 1979 and early194 words
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Article95 1978-09-02 4 CHICAGO After a brief rally at noon, soybean futures declined to close off 1/4 to 4-1/2 cents a bushel on Thursday. The main feature during most of the session was commission house selling, mainly by one firm which was believed by some traders to be acting for a commercial95 words
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Article69 1978-09-02 4 CHICAGO Commercial buying late In the session pushed wheat futures mostly higher at the close on Thursday. The market finished up 3K to cents a bushel in all but July, which was fractionally lower. Trade was confined to a narrow range. Prices advanced initially on commission house buying, some69 words
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Article57 1978-09-02 4 LEAD on Thursday lost C 4.25 for cash and C 3 for Three Months. The market fluctuated narrowly during the afternoon in modest two-way trading. The initial morning steadiness In copper aided prices but after trading upto C 349 for Three Months, the market came under fairly heavy hedge57 words
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Article40 1978-09-02 4 ZINC on Thursday was down mostly C 0.5 per tonne. The afternoon market was quiet but prices held around end-morning levels The morning trend was relatively steady wth small coverng operation* mostly matched by profit-taking. Price movements were negligible.40 words
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Article233 1978-09-02 4 THE Straits tin price in Fenang rose MI3B per plcul to $1,805-. The market firmed sharply on fresh buying. Volume of tin delivered, however, fell to 283 tonnes from Wednesday's 320 tonnes, which also aided market sentiment. Tin gained £85 for cash and £55 for Three Months standard233 words
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Article251 1978-09-02 4 SUGAR futures gained C 1.60 to C 2.75 per tonne at the first call in an extension of a higher overnight kerb and continued to harden In fairly brisk open trading in London yesterday. Dealers said support was mixed with short-covering and stoploss buying featured. They said sentiment was251 words
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Article80 1978-09-02 4 THE Malaysian Minister of Finance has fixed these rates for the period from Aug 31 1978 until further notice: Rubber 240-1/8 cts a kg, copra $961.08 a tonne, palm kernal $955.75 a tonne, white pepper $4,657.98 a tonne, black pepper $2,833.71 a tonne, rubber 533/4 cts a kg,80 words
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Article422 1978-09-02 4 TRADING conditions were fairly active during the week apart from Monday and Thursday when the London and Malaysian markets were closed for the August Bank Holiday and Merdeka celebrations respectively. Price fluctuations were erratic at times with levels finishing 4 cents and IV4 cents down on422 words
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Article298 1978-09-02 4 COPPER wlrebars closed unchanged on Thursday for cash and down £1 for Triree Months. The afternoon market mostly recovered earlier losses on covering prompted by the uptrend at New York and reports that the Zambian rail way men'» strike has spread throughout the country and the rejection by Chilean298 words
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Article192 1978-09-02 4 THE HONGKONG market closed unchanged at HK5262.00 sir per 10 ounces In continued quiet trading with Interest diverted to the active gold market yesterday, dealers said. Fixing price was unchanged at $262.00 while no trades were recorded. Silver on the LME on Thursday was down mostly 0.7 pence per192 words
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Article517 1978-09-02 4 THE kllobar In Singapore opened at S$ 15,026 yesterday and closed higher at 5515,114. The highest and lowest of the day were $15rJ36 and 115,026 respectively. Prices were generally up from opening and the tone was dull. Spot gold for London delivery opened at U*****.80/206 10 and closed at517 words
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MONEY AND EXCHANGES
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Article470 1978-09-02 4 THE US dollar firmed In early trading on the foreign exchange market yesterday. However, the tables turned and the dollar closed weaker against major currencies. Against the yen, the US dollar opened at 191.30/40 and firmed up with commercial demand on the Tokyo exchange. It was taken up470 words
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Article197 1978-09-02 4 Asian CD rates ASIAN currency deposit rates as at clow on Sept 1 interbank USDollai Offer r»(8»»t) Bid 7 days 1 mth 2 mths 3 mths 8 mths 8 mths 12 mths ss >11/1* 815/16 0 vie 9 5/16 9H 99/16 813/16 8* 93/16 93/19 9% S». Fr». Dm. (MMdW197 words
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Article50 1978-09-02 4 RANOE of price* offered bv discount houses on Seot 1: Overnight 3S* Osll deposits 3NH 3S* ClMO Buyiac Sellin. 3-month Treasury bills 3 9/16 S 7/16 3-month Bank bills 6 S/16 6 1/16 3-month CD 6 1/2 6 3/8 6-month CD 5/8 6 1/2 Source: National Discount Co Ltd.50 words
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Article21 1978-09-02 4 THE average rata at which Singapore banks are currently prepared to lend to their heat customers is 7 per cent.21 words
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Article67 1978-09-02 4 Euro rates LONDON Eurodollar deposit rates yesterday opened little changed from Thursday's closing In quiet pre-weekend trading. LONDON Eurodollar deposit* opening rates yesterday WeekendJ-V*. J-l/J Mon/Tuel unquoted Tuet/Wed S-STI.S-I/S Call two days 8-9/8. 0-1/2 Seven days fix and notice 8-9/8. 81/2 One mth 0-11/10. 0-0/10 Two and three mths t.67 words
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Article50 1978-09-02 4 FRANKFURT eiclunfei doting quote* on Thursday US *****/70 Can I 7236/ «S Btg 3 U5/ MS D F1 K. 12/33 8 Fr *****/50 Lit 2 375/3 SO F Fr 45 .M/ 72 Yen 1 0445/06 B Fr (con) 6 343/353 B Fr (fin) H43/IS3 N Kr 37 M/M 0650 words
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Article44 1978-09-02 4 RESULTS of tender held on Sept 1 for 91-day Treasury Bins to be Issued from Sept 5 to Sept 8. Offered: $20,000,000 Applied: 863,400,000 Allotted: 820.000,000 Accepted bids: 899. L 2 Approximately 30*; higher Average rate of discount on allotment: 3.455% pa44 words
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Article229 1978-09-02 4 TRADING was very quiet at the opening with the dollar mixed to lower against leading currencies yesterday, dealers said. President Carter's statement that the US is likely to suffer its worst ever trade deficit this year merely confirmed long standing market susplclonsand occasioned some token marking down of the229 words
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Article216 1978-09-02 4 THE US dollar for overnight delivery closed yesterday higher at 191.30 yen, compared with a 191.00 opening. Trading was active with volume $603 million. The dollar fluctuated nervously between 191.00 and 191.60 yen in fairly active late trading after an initial rise, they said. The initial rise reflected dollar216 words
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Article231 1978-09-02 4 THE dollar closed on Thursday virtually unchanged from opening levels in mostly quiet, orderly trading, dealers said. They said the dollar fluctuated narrowly, primarily affected by end-of-month factors and a slowing of trading ahead of the long Labour Day holiday weekend. The dollar showed little reaction to news231 words
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Article139 1978-09-02 4 THE US dollar yesterday closed relatively stable in quiet trading against most currencies although small selling out of Europe trimmed its earlier advance against the yen, dealers said. j President Carter's statement that the U8 trade deficit for this year could be the worst ever, triggered some European selling139 words
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Article61 1978-09-02 4 ZURICH exchanges closing quotes on Thursday: US 1 0400-6430 Btf 3 1865-1940 Can 1 4230-4200 D Mk 82-4328-8251 D F1 78 0068-2900 P FT 3T 6406-7354 B P* 5 2366-2526 D Kr 28 7011-8727 N Kr 31 2246-3830 8 Kr 36 0010-37.0370 Lit 0 1003-1007 AUS SCh 11 4308-450661 words
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Article46 1978-09-02 4 AUSTRALIA NZ exchanges quotas yesterday: US donar 1 1525/ 1.1477 Sterling 0 5091/ 0 5083 Ninety-day air mall buying rates' Sterling o 0130 US dolbrs 1.1096 NEW ZEALAND: Sterling 0.9411/ 0 5400 US dolhr *****/ 1.0402 Ninety-day ami buying rates sterling 0.9553 US dollar *****46 words
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Page 4 Advertisements
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Advertisement201 1978-09-02 4 c oU«* a CV The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive201 words
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TRANSPORT
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Article, Illustration980 1978-09-02 5 TOO many ships are still sailing the oceans and too few are fully utilised, the United Nations Conference on Trade and Development concludes in its report on world shipping. Unctaa's recently tubllshed Review of [arltlme Transport 1977 points out that in the middle of980 words
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Article, Illustration375 1978-09-02 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Able Reefer (after Seiryu Maru) 40/41 Arafat (after Ibn BajJah) 1/2 Hlratsukl Maru (2100 after Hua Ping Bunga Melati sails) 31/33 Lun Shan (2000 after Ellas) 13/14 Mendoza (after Shkotovo Oudrun Bakke)s Ocean Glory (after Gudrun Bakke) 6/7 Patagonia Argentina (0700 after375 words
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447 1978-09-02 5 Reuter. THE MODERATE recovery in tanker freight rates worldwide recorded during the past month, has resulted in a fairly sharp drop In the number of laidup vessels. Many owners have been tempted to replace their tankers on the market with currentReuter. - 447 words
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566 1978-09-02 5 Reuter, AP. FRANCE'S Transport Minister Joel Le Theule said he had mixed feelings about Thursday's dual announcement by Britain on rejoining the Airbus consortium, while allowing British Airways to buy Boelng-7575. He did not exclude an eventual agreement on Britain rejoining France and GermanyReuter,; AP. - 566 words
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272 1978-09-02 5 Reuter. ROLLS-Royce Ltd has said that it Is looking at the possibility of setting up manufacturing facilities in the. US, following its appointment as engine supplier for the Boeing 757 aircraft. Company chairman Kenneth Keith told a Joint Eress conference with BoeigReuter. - 272 words
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Article192 1978-09-02 5 UPI ALL SECTIONB of the market looked outwardly quiet but this apparent slackness was generally believed to be a false Impression created by a growing tendency to withhold details of concluded fixing. South African malse chartering produced a 25,000-tonne Sept 1 to 15 movement to three ports inUPI - 192 words
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Article115 1978-09-02 5 Reuter FOUR container vessels and the movement of 8,000 inward and outward containers are being delayed at the Port of Melbourne by the fitters and electricians strike. Melbourne Chamber of Commerce director John Vial said the 20-day strike has caused the diversion of six vessels toReuter - 115 words
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Article649 1978-09-02 5 ARRIVALS flrlo> Lwtl Optrtta MAS MH607 0645 nM KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000 HLP RBA BI323 1025 BWN QIA QA90O 1030 HLP THAI TQ423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH6Q6 1045 KUL QIA QA944649 words
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Article246 1978-09-02 5 UPI. NEGOTIATIONS to end the week lone Air Canada shutdown collapsed on Thursday leading to the prospect of a lengthy closure of Canada's major air carrier. Chief negotiator for Air Canada, Norman Radford said he had been advised by the barglnlng committee for the InternationalUPI. - 246 words
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Page 5 Advertisements
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Advertisement397 1978-09-02 5 I Attention fill Engineers... many flew Electronics Production Equipment ond Techniques fire Coming Your Way! T wmmmmmmm •r m.% ■:6 9? y inTGßnepcon SOUTHEAST f RSifl i <M vuiiNiofwvnvf inivrvKitKmQi 6, 7, 8, 9 September 1978 Hyatt Hotel Convention Centre Singapore The International Electronics/ Semiconductor Production Show Presented for Many397 words
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360 1978-09-02 6 THE INCREASE In the number and quality of products accorded trade preferences under the Asean Preferential Trading Arrangement thli month, is an encouraging sign of growing Asean will In the right direction. That the five member states have succeeded In adding more than 10360 words
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Article296 1978-09-02 6 BITS and pieces of Singapore's history are being sold off all the time, but when they come as large as the Eu Villa, some thought ought to be given to preserving at least a part of our Sast. The mansion, home of one of ingapore's merchant princes,296 words
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Article, Illustration2746 1978-09-02 6 CONRAD RAJ - It's a serious business playing safe Accidents in factories and in construction areas like the mystery blast which killed two men in a Tan Jong Rhu shipyard recently will continue unless workers and management realise the injury they can do themselves through carelessness. CONRAD RAJ discusses the achievements made in2,746 words
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Page 6 Advertisements
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Advertisement14 1978-09-02 6 %y No dinner is complete without a White Label Aaodw quality product from I14 words
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Advertisement109 1978-09-02 6 405/407 Havelock Road, S'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 you to a lovely evening of great sounds in just the right109 words
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Advertisement72 1978-09-02 6 Hotel Royal-RAMAM Newton Road. Singapore 11. Republic of Singapore. Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Golden fi J. w mmj Sumptuous Cantonese cuisine prepared by our chefs with just the right touch k and our speciality FISH HEADS Each dish is carefully selected by our chefs last** yOU the for72 words
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Advertisement110 1978-09-02 6 Delicious food at its most glorious awaits you at t de A houn!'» of h<-.iuli'ul food .i\*d>ts vou fit Ch.mti' I dstf !he most mouth w dt' i ing mastei |'n < es <■ f IHmju'dr. cooking. pirpdied limn onlv Ijitii l'< stifsi mqtPili< 'its. and s>(> -in < hoi't110 words
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Advertisement18 1978-09-02 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL; WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253618 words
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Page 6 Miscellaneous
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Miscellaneous129 1978-09-02 6 THE southwest monsoon is still affecting most ports of South and South-east Asia but is expected to slacken during the next three or four days. Singapore is therefore likely to be affected by three or four days of showers, usually in the mornings, followed by drier conditions before rainy days129 words
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Miscellaneous310 1978-09-02 6 T'Vm3R«"DIO SINGAPORE 5 12.50 PM Opening announcements followed by Sesame Street 1.50 Saturday Matinee The Honkers 0 Starring: James Coburn, Lois Nettleton, Slim Pickens, Anne Archer 3.30 Fish Bernice's Problem 4.00 Soccer Malaysia Cup '78 Singapore Vs Penang (Repeat) 0 4.55 Sandiwara A Malay drama entitled "Tepok Tepok Ayer Di310 words
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Article, Illustration1114 1978-09-02 7 TERRY ANDERSON - A Sino-Japanese alliance suggests the imponderable: what will Japanese technology and marketing techniques do to a nation of IV4 billion men and women of strong work ethic and capable of the sort of discipline even the Japanese may find difficult? ButAP - 1,114 words
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Article, Illustration345 1978-09-02 7 A CITY snack-bar and restaurant Is now refusing to supply snacks and drinks to a certain money-broking house nearby. Reason? One of the needle-sharp dealers telephoned the other day to ask for two crocodile sandwiches accompanied by the exhortation and make it snappy." A FRIEND who345 words
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Article127 1978-09-02 7 Letter te the Editor I HAVE read with interest your article "Whet Goee Up Must Come Down" in Business Times of An| 29. Permit me to point out that Dr. Khoo Chong Lim is mistaken in his assumption that "in Singapore our experience in the application of explosives127 words
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Article929 1978-09-02 7 STEVEN TAN - pmrnrnimm,tmmmmrn—mm+mm (romni f < ...on tourism h STEVEN TAN A.SIQN in a fish and chip restaurant In New York's Manhattan reads: "Gone fishing see you in August." Another in a store says: "Qone on holiday. EnJoy yourselves." A cartoon In a newspaper shows an929 words
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Page 7 Advertisements
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Advertisement342 1978-09-02 7 New Japanese Restaurant kikim| Now, at the IMPERIAL BAR serving authentic Japanese food i I. lOHVTERRI AWEKIR a Come, listen to the soothing sounds of Tony, Terry and Spencer at the Imperial Bar. The most talked-about pop group in the most talked-about bar in town. The best yet of Country342 words
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Page 7 Miscellaneous
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Miscellaneous24 1978-09-02 7 BriStoW :F^uakDutois ■I jihijm Ji'wrm^aSS^BLJ wea.weu.— IF IT ISN'T to. .THE. OLDEST serving nemeeu.. fts naom TODRY 1 Qupvlifn/ r O? mgfMjS ON U)HBetS....24 words
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INTERNATIONAL STOCKS MARKETS
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Article574 1978-09-02 8 VOKYO Source: DBS-Daiwa THE market continued bullish yesterday, centring on blue chip*- Institutional investors and major brokerage houses ware active participants since vtfce day was the first trading day in September. Turnover was heavy and reached 400 million shares for the first time In a month.Source: DBS-Daiwa - 574 words
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Article333 1978-09-02 8 THE market closed firm in active trading yesterday, with resource stocks Including coals, uraniums and oils leading the advance, dealers said. BHP rose four cents to AM.2O, 1 as did AOG to 72 cents. However, Bridge Oil clipped eight cents from Thursday's rise to close at ii.4o. Utah gained333 words
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Article295 1978-09-02 8 IN A SURGE of trading activity yesterday, the market broke out of its consolidation phase to post 1873 new highs. Hang Seng index: 096.43 (+16.61). Turnover: $368.19 million. Sovran: So* Hung Kal SwwitiM Hi* SEPT tl HK$ Amal Rubber 2.60N Associated Hotels 4,10 +0.275 Bowaters susp CheongKong China Engs295 words
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Article103 1978-09-02 8 SEPT 01 Pesos Acoje Mining .01 unch Atlas Con. A Atlas Con. B. 21.00 +0.5 Bagulo Gold .0105 unch Benguet Con B 28 25 -10 BF Goodrich 22.00 unch CDCP 25 50 -0.25 IncoB Landoll Lepanto B 2375 0 005 MarlnduqueB 8 80 -0.4 Meralco 20 00 -0 8103 words
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Article216 1978-09-02 8 a®* Baht Bank Bank 382 4-2 Bank of Ayudhaya Ltd 273 unch ThalOanu unq Thai Fanner* Bank 374 4-4 Thai Commercial Bangkok Metropolitan Bank unq Industrial Finance Corp 1,475 >60 General Finance 302 >2 Bangkok Investment 312 *4 First Trust 288 -2 Raja Finance M2 ■*■46 Lee Kwang Ming216 words
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Article381 1978-09-02 8 OOLD6 generally were firmer In line with bullion price Indication*, though selected issues were off the top an Thursday Mining flnandats shadowed producers. Diamond share De Beers rained 30 cents to 700. Plaunlums gained a cent or two In other metals and minerals which were otherwise generally neglected. Asbestos381 words
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Article62 1978-09-02 8 FINANCIAL times INDUSTRIALS Thursday Wednesday 503-0 Week Ago 509.3 DOW JONES AVERAGE INDUSTRIALS Thursday 878.82 Wednesday 880.72 Week Ago 807.35 LONDON DOLLAR PREMIUM Thursday 90 to 90V4 Wednesday 90 V» to 91 H.K. HANG SENG Friday 898.43 Thursday 879.82 Week Ago 881.41 SYDNEY INDUSTRIALS Friday 459.87 Thursday 457.4262 words
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Article573 1978-09-02 8 EUROPEAN MARKETS AMSTERDAM share prices firmed over a broad front on Thursday, led by Akzo, Royal Dutch and Unilever, 0.70, 0.00 and 1.10 guilders higher respectively, among Dutch internationals. Elsewhere, shares with gains between 1.80 and 3.50 guilders included Pakhoed, Heine ken, KNSM, Ennla and573 words
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Article208 1978-09-02 8 AUG 11 ru ABN 374.M -0.5 Ahold ***** ♦0 4 Akzo 34.80 ♦0.7 AMEV 88 SO ♦0.5 Amlu 115.10 -0.3 Am rot Bank 81.30 ♦0.4 Bergoss 88 40 1.9 Berk MM ♦0.5 BoU 78.80 ♦08 BorsumlJ 170 00 -05 Burhmann 75.00 -0.7 Byenkorf 102 00 1.7 Calve Delft 174.50208 words
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Article97 1978-09-02 8 AUG 31 Lire Ante 100 ♦3.75 Assoc Gen 3M70 270 Baslogl 677 38 Centrale 4349 ♦82 Flat 2024 -14 Flnstder 179 3.5 Oen Immob 73 ♦0 25 IFIPrl 2411 21 Italcementi ***** 290 I taigas 803 10 Italstder 335 ♦6 Magnetl M Pf 400.25 2 25 Marelll Ere 34597 words
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Article178 1978-09-02 8 AUG SI Frtncs Actions Suisse* 285 -H Alusulsse Br 1190 ♦20 Alusulsse Ref 513 ♦2 Brown Boverl Br. 1610 unch CltaOelfyBr 1030 -10 ClbaO^IfyPC 775 -10 ClbaOelgy Ref. 587 •s Credit Suisse Br 2280 +20 Credit Suisse Reg 421 ♦3 Elektrowmtt Br. 1930 -9 George Fischer Br 625 ♦5178 words
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Article264 1978-09-02 8 AUG 31 Fn co—m Alr-Ugukk 323.10 BSNOervals Danone UO C 8 F (ThomsonCsf) 296 50 Cte Francalse des Petroles 120.90 Compacnle Financier* Compacnle Generate 374 Credit Foncler De France 364.10 Hachette (Ll bralrte) 226.90 Machine* Bull 47.30 Mtchelin (B) 1261 Partbas 170.30 Pechiney CI fine Kuhlmann 60.60 -09 •S264 words
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Article224 1978-09-02 8 AUG II Dm Aef-Telefunken 84 10 4-0.1 Akto 32B Alls Leben MS Allx Vera 492 unch BASF 139 80 2 8 Bay HTWbtnk 288 unch Bay Vbank 331 Bayer 142 70 >2 2 BBC 306 1.5 BMW 224 3 Casaella 397 ♦7 Chem Verw 291 unch Commnrtank 229 10224 words
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Article94 1978-09-02 8 AUG SI FYs FORWARD MARKET Acec 398 -1 Arbed 2495 unch Astur #74 -28 Bra-scan 480 +2 Bru-Lamb 1540 -15 Canpar 614 -6 Cock 459 -11 De Beers 228 +3 Ebes 2285 -5 Electro bel 8800 unch Ob-Inno-Bm 2295 unch Gev 1312 -2 Hobok 2500 -55 Fetro 3800 -3094 words
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Article339 1978-09-02 8 SHARE PRICES closed sharply higher In active trading on Thursday as the market posted Its best day of the year. The composite index was up 18H points. Its largest gain since Dec 22. 1070, while the oil and gas group had a record rise of nearly 48 points. All339 words
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Article1719 1978-09-02 8 August 31 CHICAGO Board Options Exchange volume eased to 99,002 contracts on Thursday from Wednesday's 106,412. OPTIONS OCT JAM AFL STOCK Alcoa 40 8 7 3/4 UNTRD 46 8/8 Alcoa 46 21/1 81/2 8 488/8 Alcoa SO 1/8 17/8 81/4 461/8 Am Tel 36 UNTRD UNTRD UNTRD1,719 words
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Article1143 1978-09-02 8 NEW YORK STOCKS on Thursday, retreated on concerns about rising interest rates, signs that the economy is slowing and nervousness about heavy speculation in gaming Issues. Analysts said Investors may also have been reluctant to take on any new positions ahead of the money supply1,143 words
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Page 8 Advertisements
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Advertisement169 1978-09-02 8 COLLECTINQ Oriental Antoiej ra s V 2 I y STAI 0 a <> Xt V N by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they169 words
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INTERNATIONAL COMPANY NEWS
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Article672 1978-09-02 9 ASIAN I Reuter BRISBANE: MIM Holdings Ltd attributed the fall In Its after tax operating profit In the year ended June 30 to significant declines In the prices of copper and zinc. In addition, wages and salaries rose 9.5 per cent and rail freightReuter - 672 words
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Article363 1978-09-02 9 Reuter AFP TOKYO: Mitsubishi Heavy Industries Ltd said it has decided not to pay an interim dividend for the first half-year ending Sept 30 due to a slump in its shipbuilding division. Mitsubishi's profit before tax and special items will fall to virtually zero for the firstReuter; AFP - 363 words
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324 1978-09-02 9 FT AMALGAMATED Metal Corporation (AMC) will remain an Independent company run on the basis of the policy of directors if the bid by Preussag becomes unconditional. This is made plain in the letter by Sir John Saunders, chairman of AMC, inFT - 324 words
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Article38 1978-09-02 9 Reuter LADBROKE Group Ltd said its pre-tax profit for six months ended July 4 came to £13.80 million (£10.93 million). Turnover £t £221.37 million (£170.62 million) and adjusted earnings per share 16.1 pence (14.7 pence). ReuterReuter - 38 words
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194 1978-09-02 9 Reuter BRITISH Leyland Ltd said It plans to spend £30 million to Increase production of land rovers and range rovers by next spring as part of a £280 million programme to double production of the two vehicles by 1982. Land rover production, currentlyReuter - 194 words
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Article69 1978-09-02 9 Reuter TOKYO: The Sanyo Electric Co Ltd said It will Issue 20 million shares of new capital stocks In the form of continental depository receipts (CDRs), each consisting of 1,000 common shares In Amsterdam on Sept 29. The issue price Is yet to be set. DalwaReuter - 69 words
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272 1978-09-02 9 FT FRANKFURT: Varta, West Germany's largest battery manufacturer, has reported a meagre 1.5 per cent growth In sales during the first half of the current year compared with the opening six months of 1977. However, the DeutscheMark figures do not provide a wholly accurateFT - 272 words
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Article35 1978-09-02 9 Reuter. FRANKFURT: The 150 million mark 10-year Eurobond for Norske Stats Oljeselskap AsCtatoll) has been priced at 99-1/2 per cent and will carry a 6 per cent coupon, lead manager Deutsche Bank AO said.Reuter. - 35 words
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142 1978-09-02 9 Reuter SYDNEY: Hums Dampier Mitsui Cool Pty Ltd (TDM) on Thursday formally lifted its force majeure declaration on coking coal shipments to Japan. TDM declared force majeure in early August following a week-long strike over its workforce's claim for a production bonus. The men returnedReuter - 142 words
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Article77 1978-09-02 9 MANILA: Benguet Consolidated Mines Inc unit, Benguet Exploration Inc.. wa» closed by the National Pollution Control Commission pending installation of anti-pollution equipment. The company was also fined 5,0b0 pesos for every operating day since November 1976. It has 15 days to appeal against the fine, but the77 words
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Article54 1978-09-02 9 AP. TELECTRONICS. an Australian-owned manufacturer of implantable heart pacemakers and other medical equipment, is moving its operational headquarters from New Jersey to Denver, Colorado. Mr. William Fay, chief executive for marketing in North America, said the privately held company expects to complete the move from Somerset, New Jersey,AP. - 54 words
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541 1978-09-02 9 f V N AMERICAN Reuter, AP OIL SHARE analysts said the US Securities and Exchange Commission's (SEC) new oil and gas accounting rules should have no major profit Impact on foreign oil companies with U8 hydrocarbon reserves. The analysts, however, said theyReuter,; AP - 541 words
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Article190 1978-09-02 9 AP. GENERAL Motors is raising its 1979 truck line prices by an average of $211, or about 4.4 per cent. GM also disclosed It is raising prices of optional equipment on Chevrolet and GMC truck lines. The boosts came Just 10 days after GM said theAP. - 190 words
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538 1978-09-02 9 EUROPEAN ALGEMENE Bank Nederland (ABN) has reached agreement in principle to acquire the majority of the shares In LaSalle National Bank In Chicago, Illinois. The major shareholder of LaSalle National Bank, with 84 per cent of the equity, Is OATX Corporation, an538 words
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Article447 1978-09-02 9 FT AMSTERDAM: The troubled Dutch paper manufacturer Van Oefder Papier returned to profit In the first half of 1078, and expects to continue In the black In the current six months. It made a net loss of F1 27.7 million In the whole ofFT - 447 words
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Article45 1978-09-02 9 Reuter. SYDNEY: Hamersley Holding Ltd's iron ore mining. railing and shipping operations returned to normal early last week after the settlement of a series of industrial disputes. The disputes began on Aug 11 and brought operations to a halt due to strikes and lay-offs.—Reuter.Reuter. - 45 words
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Article99 1978-09-02 9 AFP MILAN: Interests in Arab oil exporting countries are considering Investing 50,000 million lire In Italy's biggest chemical company, Montedison, which Is in financial difficulties. The weekly 11 Mondo said the Arab interests were represented bv a group of International financiers who were planning toAFP - 99 words
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93 1978-09-02 9 UPI LONDON: The Chase Manhattan Banking group announced that Chase Manhattan Ltd has been awarded the mandate to raise US$6O million for Liberia. The terms are 1.625 per cent Interest over the London Interbank offered rate for eight years Including a three-year grace period.UPI - 93 words
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Article93 1978-09-02 9 Reuter STOCKHOLM: AB Volvo group first half 1978 profit after financial income and expenditure came to 395 million crowns (280 million) corresponding to 4.3 per cent of sales (3.7 per cent*. Sales were 9.11 billion (7.55 billion). Adjusted first half income per share 10.50 crowns (7.40). OroupReuter - 93 words
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Article34 1978-09-02 9 Reuter HONGKONG: Cross Harbour Tunnel Co Ltd said Its first interim dividend came to 15 cents (13 cents), for the year ended March 31. Books closed Sept 25 to 30 Inclusive. ReuterReuter - 34 words
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252 1978-09-02 9 Financial General says BCCI fails to meet banking requirements > Reuter FINANCIAL General Bankshares Inc. fighting a takeover effort by Bank of Credit and Commerce International (BCCI) alleged the London-based bank failed to meet US banking standards. Financial General said In papers filed In US district court that information aboutReuter - 252 words
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125 1978-09-02 9 MASSEY FERGUSON has received an order for US$ll million worth of tractors and farm machinery from Saudi Arabia the largest single order they have received from this country to-date. Nine hundred tractors and 1,600 farm Implements will be sent to Jeddah. The tractors costing $8 million125 words
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Page 9 Advertisements
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Advertisement205 1978-09-02 9 On TELEVISION Now •H «H the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. 4 V V •V I i ■v Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty.205 words
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DEALS DONE ON THE SES AND KLSE
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Article2056 1978-09-02 10 BID aftd offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal2,056 words
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Article2507 1978-09-02 10 IJ7H High Low Company Last Sale +orGr'a Div Div C'vr Gr'a Y'M Nat P/E Val C000) Day High Low SECTION ONE INDUSTRIALS 272 238 17* 210" 260 94 276 338 222 590 132 123* 112 133 195' 00 y» 162 173* 140' 256 Ac ma Alcorn Allied2,507 words
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Article1734 1978-09-02 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS AMI (2.705). A)lni«tt« (2MB). AMM (2.468) (1) I.M. Aim Ha*d <1,734 words
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Article, Illustration809 1978-09-02 10 SENTIMENT took a change for the better with the new month on the Stock Exchange at Singapore yeeterd». Buying on settlement basis aided sentiment to •ome extent. During the peah of the bull activity, the premiums that settlement deals commanded over ready deals ranged up to 2 per809 words
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Article501 1978-09-02 10 THE KUALA Lumpur stock market closed the week on an easier nota yesterday. Trading, although selective, was fairly active. A total of 9.438 million units worth $22,749 million was transacted as against 11.11 million worth $27.30 million on Wednesday (the market was closed on Thursday501 words
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Article146 1978-09-02 10 SINGAPORE UNIT TRUST lMui|m prim hr Rapt 4) INCOME BOND UNIT (CM prim) The Commerce 2.44 2 50 The Saving Fund 152 l.gl S pore Prof Fund 1 .17 1.24 8'pore Security Fund 2.09 2.1«xd 8'pore Invest Fund 1.43 111 ASIA UNIT TRUST (M»a«—i' prtoss tar Ssp« 4)146 words
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COMPANY NEWS
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Article, Illustration739 1978-09-02 11 MANO SABNANI - By MANO SABNANI APOLLO Enterprises' timely move to set up another hotel In Sentosa seems to have assured steady growth for the hotel company in the years to come. The island resort project has yet to bring in any returns, but it739 words
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Article, Illustration514 1978-09-02 11 LOW LEE CHOO - By LOW LEE CHOO HARD on the heels of the good crop of corporate results churned out recently by other banks, Public Bank has come up with a set of very impressive interim results. Unaudited group net profit for the six months ended June 30,514 words
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Article306 1978-09-02 11 Current payment Ex Date Book* close Date payable Total for the year Total for previous year S. Darby Unsec L hnk B. Kawat (JOB Ales Hldgs Bau »RJJffifkluidiaad Lowland* Perli* Plant M'wau Sel Dredge JC-MPH Harper Gilf Metro Int Wood KL Kepong OCBC Apollo Carlaberg WlUdaaoa Uac DunlopladDiutJopEat306 words
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Article141 1978-09-02 11 Cwpuy Particulars Ex Date Books Close SentOM GrMt Eastern Life M Tobacco CarUberg Msiaa Fmllla Synthetic Reaiaa Faker Merlin Bonus issue of 1 for 4 Bonus Issue of 1 for 2 Bonus issue of 1 for 1 Bonus tame of 1 for 4 Bonus Issue of 1 for141 words
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456 1978-09-02 11 EABT Asiatic Company (M), which Issued 21 million shares to Malaysian ln- vestors last month under its Malayslanlsatlon plan, has posted an encouraging lnl terlm report for the six months ended June 30 1978, which more than fulfilled the hopes of its I shareholders456 words
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Article, Illustration491 1978-09-02 11 DAVID CHOW - •y DAVID CHOW WITH the current bullish conditions In the stock market, South-east Asia Development Corporation (Seacorp) is headed straight for another record year, with profits for the year to end-January, 1979, expected to press well ahead of the previous year's high of $4.6 million491 words
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Article766 1978-09-02 11 IN its first year of operation as a Malaysianincorporated company. Southern Kinta Consolidated (M) has greeted shareholders with a set of pleasant results. Group pre-tax profit for the year ended March 31, In se I Per fr om $10.57 million to $12.5 million. However, after a massive766 words
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129 1978-09-02 11 GENERAL Lumber, (Holdings) Bhd said* secured credit fodtftfaa totalling MIB.S million from its bankers. r lv The facilities include $3.5 million term loan repayable over if equal quarterly instalments, with first payment pn Dec 31 next year, at an interest rate 3 per 6wU' per129 words
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Article99 1978-09-02 11 ALEXANDRA Holdiafta'jUda AOM to be held at 15th. Floor, Rooms 1511/ MM,* Shlng Kvan House;;;;*,; Shenton Way, Singapore on Sept. 15. Malayawata Steel Barhad: AOM to be held at' thf Negara Room, 2nd Floof?' Kuala Lumpur Hlltton, J a lan Sultan Ismail, Kuala Lumpur at 11.00 a.m. on99 words
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Page 11 Advertisements
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Advertisement174 1978-09-02 11 OVERSEAS UNION BANK LTD. (INCORPORATED IN THE REPUBLIC OF SINGAPORE) Our deposit and lending rates currently are as follows: U Deposit Rates: Savings Accounts 4 p.a. Fixed Deposits ;j 1 month 4%% p.a. H 3 months 5 p.a. 6 months 5%% p.a. H 9 months 5%% p.a. 12 months 5%%174 words
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682 1978-09-02 12 KADIR JASIN - DYNAMIC PRODUCTION POLICY »r KADIR JASIN THE CHAIRMAN of the Malaysian Rubber Research and Development Board, Taw Sri Dr. B.C. Sekhar said that should natural rubber lose out to synthetl<Mund other subsltutes, the unfortunate event would happen not because of competition, but more by default.682 words
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236 1978-09-02 12 Reuter. WORLD sugar supplies will move to balance or deficit In 1978/79 after a surplus of seven million tonnes raw value in the year ended Aug 31, London broker E.D. and F. Man said In its monthly report. Man said this results from aReuter. - 236 words
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Article149 1978-09-02 12 UPI, THE US unemployment rate, which has bounced up and down throughout the summer, fell to 5.9 per cent of the workforce in August with much of the improvement occurlng among women and teenagers, the government reported today. Total employment rose by 156,000 people last month toUPI, - 149 words
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Article, Illustration39 1978-09-02 12 ROLLEI'S brand-new computer is a Series 90/25 leased from Sperry Univac far five years. The whole system, to be carried out in two-stages, is worth $1 million. It will fully computerise Rollei's production, accounts and inventory control.39 words
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Article621 1978-09-02 12 Reuter, AFP. THE United States has demanded Japan double Import quotas for American raw products, a Japanese government official said yesterday. Washington is also seeking sharp tariff cuts on log, timber and pork. "T>e demands were advertising balloons raised by Washington to win more Japanese concessions duringReuter,; AFP. - 621 words
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Article785 1978-09-02 12 LONDON: Frl. Share prices closed easier after a quiet session on the last day of the account on lack of Interest with buyers still holding back due to election uncertainties, dealers said. Some early "new time" buying Interest quickly faded and shares closed mostly a penny or two785 words
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Article, Illustration160 1978-09-02 12 THE SENIOR Minister of State (Finance), Dr Tan Ens Liang (above), will open the 10-day Since pore Fair *78 at the World Trade Centre on Oct f,at S p.m. Orgaaieed by tbe Singapore Manufacturer*' Association for tbe seventh consecutive year, tbe fair is export-oriented and160 words
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182 1978-09-02 12 Reuter. THE SOVIET Union has rejected American arguments that an international buffer stock of natural rubber would be enough to stabilise prices and markets. In a paper circulated at a two-week meeting in Geneva of major producers and consumers to work on a draftReuter. - 182 words
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366 1978-09-02 12 Reuter. JAPANESE Prime Minister Takeo Fukuda and International Trade and Industry Minister Toshlo Kohmoto agreed to boost trade with China and step up bilateral economic exchanges. Disclosing this in Tokyo, trade officials said the major part of the trade Increase would probably beReuter. - 366 words
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582 1978-09-02 12 Agencies. PRESIDENT Carter yesterday appealed to the nation's governors to help him lobby for the Natural Oas BUI. which faces an uphill fight when It comes up for a vote In the Senate In two weeks. "I know the powerful political influence governorsAgencies. - 582 words
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199 1978-09-02 12 OVERSEAS UNION Bank yesterday announced that It increased its savings and deposit rates in August. But it is keeping its prime rate dowi at 7 per cent. The bank has raised its savings rate to 4 per cent, up V 4 par cent. Its199 words
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528 1978-09-02 12 SIVA ARASU - >r SIVA ARASU THE DAYS of the expatriate business executives In this region are apparently numbered. A survey has shown that multinational companies are filling up more executive slots with local nationals to cut down on expenses or to conform with528 words
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Article69 1978-09-02 12 RETAIL business mast go metric next year. Legislation will be introduced towards the end of this year to mahe this compulsory. The chairmen of the Metrication Board, Mr Baey Lian Peck, said the law will cover pes pecked food, including sugar and rice, loose sales in kiloCrams and69 words
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Page 12 Advertisements
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Advertisement147 1978-09-02 12 NOW in FONTAN Paperback ptJßik *3 r m r m t rrr m Ju OA s ST7 Ym "Power and poignancy descriptive brillance." THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are147 words
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