The Business Times, 8 September 1978

Microfilm: NL9835
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, SEPTEMBER 8, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Japan-Asean talks
      53 1 AP. TOKYO, Thurs. Business leaders of Japan and Asean have agreed to open a new channel of talks for economic cooperation, a spokesman said today. The Japan-Asean Economic Council was agreed upon in meetings between Eduardo Rodriguez, secretary-general of the Asean Chambers of Commerce and Industry, and his
      AP.  -  53 words
    • Article
      Lock icon Tokyo stocks soar
      80 1 Reuter. TOKYO, Thurs. Share prices soared to a postwar high on the Tokyo Stock Exchange today for the second time this week. The Dow Jones average rose 14 points to close at 5,651.24, exceeding the previous record of 5,650.18 established on Tuesday. Major factors behind the surge
      Reuter.  -  80 words
    • Article
      Lock icon Commodity rates
      65 1 AFP. WASHINGTON; Thurs. The International Monetary Fund monthly Index of commodity rates flowed a big drop In July, reaching 122.4 against the June figure of 127.1. This was the lowest monthly figure since late 1977. The fall was attributed mainly to cereals, coffee, groundnuts, copra, tea and soyabeans.
      AFP.  -  65 words
    • Article
      Lock icon The first leg
      74 1 Reuter MANILA, Thurs. A US$55-mlUlon (Ssl24 million) Philippine-Singapore underwater cable system, first leg of an Asean cable system, win be Inaugurated on Oct 3 at simultaneous ceremonies In both countries, officials said today. The cable link, which has been operating since last month, will be formally declared
      Reuter  -  74 words
    • Article
      Lock icon Motive unknown
      73 1 Reuier KUALA LUMPUR, Wed The pilot and co-pllot of a hijacked Malaysian airliner were both shot dead Just before it plunged Into a mangrove swamp last December, killing everyone else on board, the report of an off leal Inquiry said today. But the 43-page report, released at a
      Reuier  -  73 words
    • Article
      Lock icon Forget it!
      76 1 AFP BANGKOK, Thurs. After waiting four years for Thailand's Mineral Resources Department to decide on a definite policy for foreign mining investment, ths Joint venture of Bethlehem Steel Corporation and the Alco Company has folded, the Bangkok Post reported today. The withdrawal of the International giants' offshore tin
      AFP  -  76 words
    • Article
      Lock icon Crawford verdict
      29 1 Reuter MOSCOW, Thurs. American businessman Francis Crawford left the Moscow city court a free man today with a suspended five-year sentence for black market currency dealings Reuter
      Reuter  -  29 words
    • Article
      Lock icon Dow Jones
      58 1 UPI NEW YORK, Thurs. The stock market headed higher early today In heavy trading, aided by Carter Administration assurances of further steps to aid the faltering dollar abroad. The Dow Jones Industrial average was ahead 1.12 points to 896.91 around 1500 OMT. Advances led declines, 764 to 370,
      UPI  -  58 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      126 1 Rises Most active FAN 030 +25 Pahanc Cona •46,000 M Mai* 215 +25 Haw Par 675,000 571,000 CoM Storage 342 +24 Paber Merlin laehcait Metro HM«a 260 v 272 +23 +20 Sime Darby Inchcape 499,000 345.000 Bate 275 18 Prima 290 14 Total Turnover: 14.71m PiluafCoai 250
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    • Article, Illustration
      In Kuala Lumpur
      169 1 Rises Most active CandC PahangCon. C. Storage Supreme Corp Oenting 8.70 2.55 3.50 2.74 4.28 .70 +.70 .44 .34 .32 Haw Par S. Llm Pahang Cons S. Darby 1,260.000 741,000 715,000 564,000 Haw Par 2.06 .28 Total Turnover: 10.30m Weames 4.04 .26 Tout Value: M$26.03m Fand N
      169 words
  • Article
    Big brother keeps watch over MNB
    1438 1  -  RESULT OF HEAVY WRITE-OFFS By QUEK PECK LIM A FIVE-MEMBER council drawn from the ranks of two Soviet state-owned banks now control the activities of Moscow Narodny Bank (MNB). This follows the amendment of the Lon-don-based bank's articles to create the new body In
    1,438 words
  • Article
    BUYING SUPPORT SPURS EXCHANGE
    237 1 THE STOCK Exchange of Singapore sprung convincingly back into life yesterday in a fresh round of heavy buying support for most industrial stocks. Reflecting the good backing for most blue chips, the Straits Times Industrial Index crossed the 410-level to 411.13 yesterday, while the Business Times
    237 words
  • Article
    Buyers of ADB yen bonds mainly MNCs
    652 1  -  •r COLIN CHEE THE ASIAN Development Bank's 15 billion yen (BslBo million) bond issue floated here and in Europe last month has been twice oversubscribed. Sources say Asian demand was 7 to 8 per cent of the offered amount. Buyers were mainly multinational
    652 words
  • Article
    Lock icon MULTI-BILLION BUYS
    159 1 Reuter. CHINA 18 likely to buy Japanese Industrial plants worth a total of between US$l5 billion and $20 billion (5534.5 billion and $46 billion) over the next two or three years. Japanese International Trade and Industry Ministry sources said. So far this year, China has contracted to buy,
    Reuter.  -  159 words
  • Article
    SFL and holders advised by two merchant banks
    317 1 THE DIRECTORS of Singapore Finance haa appointed two merchant banks to advise them and the minority shareholders qn the takeover offers currently before the company. The situation rose from discussions between Mr. Alan Smith, a senior executive from Jardine Fleming and the
    317 words
  • Article
    Singapore exporters miss the boat to W. Asia
    389 1  -  •r PETER CHIA SINGAPORE is losing millions of dollars worth of trade with West Asia each year because It does not have reliable, regular services to the West Asian ports. Merchants in West Asia have time and again been bitten by slick
    389 words
  • Article
    Trading in GSI
    166 1 INVESTORS will be able to trade In the shares of General Securities* and Investments (GSI) from Monday. A request for listing on that date has been placed with the stock exchange by the managers of the Issue. Members of the public were invited to subscribe to 24
    166 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      36 1 ODESSA OCEAN LINE FO* FAST IFFICIENT SNIFFING Call the agent. Sineepore Soviet Shipping Co Ft* Ltd sth Floor, For Eastern Bank Building 156 Cecil St., Singapore I Cobles "SOSJACLINE" Telex RS ***** Tel: *****33 (7 lines)
      36 words
    • Advertisement
      Page 1 Advertisements Column 2
      97 1 I i r L i I 11 i o t*W fl Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Has unique pattern
      97 words
    • Advertisement
      Page 1 Advertisements Column 3
      55 1 PACKAGING iadtistry looks to •sport market* 2 TANKER (Mght rstes still BRAZIL calls tko tune la IF you are strapped, road oa 1 CROBBWOBDB 2. MEMOPAD I, AI MBTOW 7, STRAWS IN' NORTH Tfaabsrs ilHKßtke tko lucky BUYERS eoiTirfiig oa Sings pore Pair kPT SCHEDULE I, TV ft RADIO t,
      55 words
    • Advertisement
      Page 1 Advertisements Column 4
      34 1 a -n* m fmr PfMta|/Mplv CMbr son Ag*nn Guthrie Trading Tel: *****5 A 672SSS Dry Plain paper Copier IS BIG SAVINGS So versatile and economical, KIP is definitely an unmistakable advantage to your business.
      34 words
    • Advertisement
      Page 1 Advertisements Column 5
      3 1 Leader Page I
      3 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      A door for you, sir?
      303 2 A 14-MEMBER mission from Britain will visit Singapore from Sept 11 to 18. The team comprises leading British manufacturers of building materials and equipment. During their stay here, the group will call at the Singapore Institute of Architects Building Centre. The mission is jointly sponsored
      303 words
    • Article
      Sisir offers industry packaged information
      333 2 THE Singapore Institute of Standards and Industrial Research (Sisir) has developed a specialised information service for the packaging industry. This is the third specialised package service offered under Sisir's technical information service programme. Under this service, Sisir staff will scan all available publications covering packaging
      333 words
    • Article
      Meteoric rise of electronics, electrical sector
      427 2  -  •y CHARLES CHAN in Kuala Lumpur MALAYSIA'S electronics and electrical Industry once described by critics as "fly-by-night" operations has become a major foreign exchange earner. If an award exists for record performance in the export sector, the industry will win hands down. In terms
      427 words
    • Article
      Lower surplus for Sarawak
      185 2 SARAWAK registered a favourable trade balance of M 5443.4 million during the first half of this year, according to preliminary figures. The surplus was, however, $136.8 million less than the surplus fpr the corresponding period last year. The drop was attributed to the decline In exports,
      185 words
    • Article
      Our packaging industry takes on the world
      624 2  -  By JOHN LIM THE PACKAGING industry has grown with the rapid industrialisation of the Republic as well as the emphasis on export. From its role as a supporting industry, it has stepped out on Its own, malting headway in exports. The latest issue
      624 words
    • Article
      Site trainees to artisans in two years
      198 2 DR. AHMAD Mattar, Mlnlster-ln-charge and chairman of the Industrial Training Board will officiate at the Joint construction trades training scheme certificate presentation at the Regional English Language Centre this morning. The participants of the scheme are the Housing and Development Board, the Public
      198 words
    • Article
      Visit by Danish plastic makers
      130 2 A TEAM of 35 Danish plastic imanufacturers win be briefed on investment possibilities by officials from the Economic Development Board when they come here In NovemThe delegation will be led by the director of the Plastic Manufacturers' Association, Mr KJeld Frederlksen. The team plans to
      130 words
    • Article, Illustration
      Bank officers on course
      205 2 SEVEN officers of The Chartered Beak from Singapore, Australia, Indonesia and Malaysia are now attending a coarse on advances, marketing and industrial relations, at the bank's training centre in Upper Thomson Road. They are: John W. Stone from Standard Chartered Australia Ltd., Sydney, Ronny Tan Beng
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    • Article
      MEMO FAD
      346 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt information system (MIS), SIM, SIM Sept 2-16: The effective secretary, SIM, SIM Sept 5-21: Compensation and fringe benefits, Holiday Inn, P.O.D. Sept 8: Modern HF antennae and their applications, Australian High Commission, IREE Sept 11: Improving
      346 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      36 2 Prestige position Step right in to the biggest furniture showroom in town Open house for all. k\ •> wgm > Opening Ttmes: Mondays to Saturdays 10 am to 6.30 pm 49/65 Tht Orchard. Orchard Road, Sraaoore 9. T4:*****1
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      662 2 CRYPTIC PUZZLE ACROSS 1 It lsn'Wall my eye! (S) 0 Food the Cockney has an eye for? (S) 9 Start to vail and cry, being a failure (7) 10 Camberwetl character (5) 11 Run wild like cooU (5) 12 If you want to take It home, he ll help (ft)
      662 words
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  • OVERSEAS
    • Article
      Lock icon EFTA'S DEFICIT GROWS
      264 3 UPI, Reuter. THE seven-member European Free Trade Association (EFTA) yesterday reported record combined trade deficit of US$l2.9 billion (B*3o billion) last year, an increase of $2.4 billion over 1976. EFTA said that because its members are all small and highly dependent on external trade they suffered more
      UPI,; Reuter.  -  264 words
    • Article
      Lock icon Racing to new record in US car sales
      793 3 NYT. SALES OF new domestic and foreign cars in the United States rose to record levels last month, according to figures released on Wednesday by motor vehicle manufacturers and distributors. Analysts say car buyers are moving quickly before prices rise still higher.
      NYT.  -  793 words
    • Article
      Lock icon Market in straights hit by dull patch
      436 3 Reuter. TURNOVER on the dollar straight Eurobond market fell this week to Its lowest level for six to nine months, with no discernible price trend while deutschemark bonds have continued firm, London dealers reported. A weaker tendency for dollar straights caused by expectations
      Reuter.  -  436 words
    • WORLD IN BRIEF
      • Article
        Lock icon FOURTH UK DAILY
        512 3 Agencies. BRITAIN will get a fourth national dally newspaper next month, printed In Manchester, the Express Newspapers Group said on Thursday. The provisional title Is Daily Star, said Mr. Derek Jameson, who edits the group's principal paper, the tabloid Dally Express. The new daily is planned as
        Agencies.  -  512 words
    • Article, Illustration
      This detector smokes out fire
      189 3 AUSTRALIAN scientists have developed s highly sensitive smoke detection system which they claim reduces lire protection costs by eliminating up to half the number of false alarms. In a hospital, the system can tell how many cigarettes are being smoked during the night. This description
      189 words
    • Article
      Lock icon Special deposit recall is on
      173 3 Reuter. THE BANK of England's plans to recall special deposits amounting to one B;r cent of UK banks' ellgle liabilities will go ahead this Monday as announced. UK banks' special deposits with the Bank of England currently stand at one per cent of eligible liabilities
      Reuter.  -  173 words
    • Article
      Lock icon IMF SELLS GOLD AT US$212.50 PER OUNCE
      106 3 Reuter. THE International Monetary Fund auctioned 470,000 ounces of gold at an average price of U*****.50 (Ss4B9) per ounce. At the same time, the IMF sold 133,600 ounces of gold to the developing nations at the average price on a non-competitive basis. The
      Reuter.  -  106 words
    • Article
      Lock icon Australian joint venture sparkles
      166 3 AFP THE ASHTON Joint venture in Western Australia has recovered diamonds totalling 137 carats since the beginning of August. CRA, the operator, told stock exchanges that the number of Klmberlltlc rs had risen from 12 to These pipes are veins where diamonds are found. The announcement
      AFP  -  166 words
    • Article
      Lock icon Latest German package won't spur recovery
      744 3 Reuter THE West German government's latest package of stimulus measures are unlikely to bring about an economic recovery, the Berlin Economic Research Institute said. In Its weekly report it said the package is largely a bundle made up of a starting basis to an
      Reuter  -  744 words
    • Article
      Lock icon Tax on bank credits?
      319 3 Reuter. FRANCE proposes to levy a tax on credits granted by banks and financial Institutions at rates varying between 0.8 and 1.2 per cent a year. Disclosing this. Budget Minister Maurice Papon said the tax, If approved by Parliament, will come Into force on Jan 1.
      Reuter.  -  319 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      63 3 G CARTA KARACHI KUALA LUMPUR I Our full-service branch is located at Praparwit Building, 28/1, Surasak Road, G.P.O. Box 1237, Bangkok Tel.: 233-8660-69, Telex: 7950 euras th Manager: Horst Kaiser CREDITANSTALTBANKVEREIN DEUTSCHE BANK AG MIOLAND SANK LIMITED ■ANCA COMMERCIALE ITALIAN A AMSTERDAMROTTERDAM BANK N. V. SOCIETE GENERALE DE SANOUE S.
      63 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      421 4 THE Singapore market yesterday closed lower with September One RSS buyer quoted at 240.50 cents/ kilo, down one cent on Wednesday's close, dealers said. A slightly steadier undertone was evident In early afternoon trading, reflecting speculative buying but prices fell back towards the close on forward
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    • Article
      RAS PRICES
      308 4 R A S prices in cents per kilo yesterday: Noon (perkllo) Close (perkllo) Int. 1 R.S.S. prompt f.o.b. Int 1 R.S.S. Sept Int. 1 R.S.S. Oct Int. 2 R.S.S. UK/Cont. Int 3 R.S.S. UK/Cont. Int 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont Buyers 240.00 240.00 243.25 231.SO 230.50
      308 words
    • Article
      SSR AND SMR
      94 4 NOON SSR and SMR prices yesterday: RA9 SepUi (Corral ■her iMUi) Oc <r«n> Bam aahar art Mtfc) Buyers Seller* Mhn (emu par kf) (MM SSR 20 (1—ton pallet) 216 50 218.SON 217.90 219. SON SSR 50 (1—ton pallet) 214.50 216.SON 219.90 217.90N SMR5CV (1—ton pallet) 246.00 291.00N
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    • Article
      Palm oil
      79 4 LONDON** 1 European P*"* 41,1 us dollan per ton unlet* otherwise stated WetaMday Previous Malaysian 5W ffa bulk per tonne November Sumatra 5% ffa bulk September October November December January Nigeria 5% ffa bulk stg 586 sir 640 sir 820 sir 000 sir 590 sir unch unq 588
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    • Article
      Closing prices
      28 4 Rubber: Sept 7: Singapore: Sept 240.50 cents (down I cent) Malaysia: 246.50 cents (up 1.50 cents) Tin: M*1,830 (down $5) Turnover: 215 tonnes (dowri 45 tonnes)
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    • Article
      Rice
      183 4 BANGKOK rice prices were as follows yesterday: BANGKOK rice In US dlrs per tonne fob basis White Price: lOOpct Ist class 397.100 pet 2nd class 382. 100 pet 3rd class 77. 'pet 372. lOpcy 347. l 5 pet 342. 20 pet 342. 25 pet 327. 35 pet unq. Broken:
      183 words
    • Article
      Produce exchange
      401 4 SENTIMENT ruled slightly steady to firm on the Singaproduce market yesCoffee prices were unchanged/ attributable in part to news that the Mexican Coffee Institute was holding export registration price at US$lOO per 100 pounds, fob. A local dealer said the overall sentiment was still bullish despite a slightly
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    • Article
      Hongkong comex
      190 4 THE sugar market closed yesterday firmer in moderately active trading, with 27 lots traded, dealers said. Prices firmed about 0.35 US cents on commission house stop-loss buying coupled with fresh speculative demand. The bullish sentiment of renewed' optimism over US ratification of the International Sugar Agreement contributed to
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    • Article
      SPOT PRICES
      193 4 YARN and cotton In Hongkong dollars, spot exgodown: CaUaa Yara China: Blue Phoenix 20'S 1.840. 32's. 2.500. 40*1 2.880. (per bale of 400 iba.) Ptoca Good* China: Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq, (per piece 38
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    • Article
      Sugar
      315 4 TERMINAL sugar in London yesterday opened 1'3.40 to C 2.75 per tonne above Wednesday's 1700 hrs levels and turnover totalled 2,034 lots. The market opened higher on good followthrough buying and shortcovering from Wednesday night's kerb rise which had taken March through a chart resistance level at CllO per
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    • Article
      Coffee
      220 4 ROBUSTA futures ended the opening call yesterday about steady, C 3 to C 22 per tonne up from Wednesday. Turnover was 128 lots. Dealers said there was no fresh background factor and in a quiet opening session, the slight rise reflected Wednesday night's New York close. Arablca futures opened
      220 words
    • Article
      Soybean
      202 4 CHICAGO commission house and professional buying lifted soybean futures on Wednesday to their peaks in the final minutes of trade before gains were shaved by profit-taking. Prices finished up 0-1/2 to nine cents after firming throughout the session on commercial and commission house buying and heavy early purchases by
      202 words
    • Article
      Wheat
      86 4 CHICAGO wheat futures on Wednesday closed up w to five cents, midway between highs and lows, after a session marked by commercial and professional buying. Traders add the advance appeared to be at least partly due to rumours that China would purchase additional wheat. A leading professional bouse was
      86 words
    • Article
      Straits tin
      297 4 THE Straits tin price in ssra.rsr' Sentiment was easier rs buyers turned cautious over present high levels coupled with lower London Metal Exchange prices. Sources reported only light Continental buylngs, U8 Rnd local demand and total turnover decreased slightly to 215 tonnes from 280 tonnes on Wednesday. There
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    • Article
      Cocoa
      318 4 TERMINAL cocoa opened 113 to t'21.5 per tonne higher and turnover totalled 1,294 lots, about -half of which were self-traded. The market opened very steady as trade buying encouraged follow-through speculative interest. Near positions moved to new chart highs for the current movement and forwards were at life of
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    • Article
      Zinc
      70 4 ZINC on Wednesday lost C3.2S for cash and C 2.75 for Three Months. Prices were steady during the afternoon with short-covering and some fresh buying talcing Three Months up to 1326 on the kerb. The morning market followed the generally softer trend Initially but covering help prices relatively steady
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    • Article
      Duty rates
      84 4 THE Malaysian Minister of Finance has fixed these rates for the period from Sept 7 until further notice: Rubber 242tt cts kg, copra $979.56 a tonne, palm kernel 1955.75 a tonne, white pepper $4,516.11 a tonne, black pepper $2760.96 a tonne. The rates of duties payable are: rubber
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    • Article
      Copper
      307 4 COPPER wlrebßrs on Wednesday tost £3 rII round. The Rfternoon mßrket showed little change with the news of the end of Peru's ILO strike mostly offset by r wlldoßt strike Rt Phelps Dodge Indiana Rod, dealers said. Three Months trßded up to £745.5 initially but shßded to £743.5 on
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    • Article
      Silver
      257 4 THE Hongkong market yesterday closed at HK5284.00 sellers per 10 ounces against $268.00 sellers on Tuesday In fßirly quiet Rnd featureless trading, deßlers said. Fixing prices eased $2 to 5264.00 LONDON sliver on Wednesday moved In line with fold's rally to close around 58.00/ 558.00 cents an ounce for
      257 words
    • Article
      Gold
      490 4 THE kllobar In Singapore yesterday opened at 8815,510 per kg and closed easier at 815,431. Prices were generally down from opening and the lowest level reached was 815,410. The highest price remained at the opening. The tone was quiet. Spot gold for London delivery opened at U*****.20/.60- and closed
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    • Article
      Lead
      39 4 LEAD on Wednesday was down £5.25 for cash and £4.75 for Three Months. The afternoon market gave ground under liquidation and some stoploss selling from to £339 on the kerb before short-covering steadied the position to £341 finally.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        498 4 THE US dollar yesterday gained ground against the major currencies on the foreign exchange market as nervous traders started to pick up the US currency. The dollar opened 190.70/80 against the yen in the morning and was gradually traded up to London's high opening of 191.40/60. It eased
        498 words
      • Article
        Asian $ rates
        153 4 Asian rates ASIAN currency deposit Interbank rate* u at claw on Sept 7: US Nlm iSpt) Oflbr BM it*y 99/19 97/19 1 rntft 911/19 8 9/18 2 mth* 813/16 11/16 J «15/16 113/16 #mUu »S/U »J/16 9 mth* 9 5/16 93/19 11 mth* 9V19 93/16 8w. fr». Dm {■IMIt prion)
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      • Article
        MLR
        22 4 THE average rate at which Singapore bank* are currently prepared to land to their beet customers l is 7.25 per cent.
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      • Article
        Discount
        30 4 KSKMsr"-*' OerrUfht 3S* C«n Oepotu M% p CU«ti J-month TmMiryMlb 3-month BMkMlU 3-moot)) CD 6-month CD 3 8/1 e&/u IV4 31/1$ 3/16 «frl« 4/1 Source: National Discount Co Ltd.
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      • Article
        Euro $ rates
        100 4 Euro rates SOME London Eurodollar deposit rates softened slightly in light opening trading yesterday, after periods were adjusted blfher on the loss of the Fnday dealing technicality, partly reflecting reaction to us Treasury Secretary Michael Blum en thai's reaffirmation that further dollar support measures are planned, deafen odd. LONDON Eurodollar
        100 words
      • Article
        New York
        275 4 THE dollar closed above overnight levels against major currencies on Wednesday, but an easing pattern during the afternoon left closing rates well below early highs Dealers said the earlier trend reflected the firmer levels In European trading, representing some caution In the market against opening new positions or
        275 words
      • Article
        London
        174 4 THE dollar yesterday opened substantially higher in erratic and nervous trading. Some dealers attributed the gains to US Treasury Secretary Michael Blumenthal's affirmation further efforts are being considered to support the dollar. Remarks by Federal Reserve Board chairman William Miller linking the solution to the dollar's problems with the
        174 words
      • Article
        Tokyo
        160 4 THE US dollar for overnight delivery closed higher at 190.95 yen yesterday, compared with a 190.50 opening. The dollar steadied In quiet late trading on limited dollar buying by Japanese banks and Import covering by Japanese traders after an initial rise, they said. Trading volume was a light US$4l5
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      • Article
        Hongkong
        86 4 THE U8 dollar firmed to J ®865/75 marks from 1.9800/10 In New York overnight and to 1.8355/70 against sterling from 1.9425/35, the dealers said. The dollar also closed firmer at 191.00/10 yen aaairu* Its 190.95 yen close In Tokyo and 190.20/30 level In BANKNOTE rate* ye*terday OS 4 72/4
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      • Article
        Frankfurt
        41 4 FRANKFURT axchange* c toeing quotes on Sept. OS 1.9020/30 Can 1 7190/7210 Btg3.S4g/9M D>l *2.09/15 8 Fr 122 30/50 Ut 2.3g/» F Fr 45 60/70 Ten 1.0415/35 B rr (con) 6 343/353 B Ft (fin) 9 150/199 N Kr nMm
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      • Article
        Australia/NZ
        46 4 AUSTRALIA HZ exchanges quota* 08 dlr 1.1545/ 1.1497 Sterling O HM/ ***** Ninety-day air mall buying rates Sterling 0 6150 U8 dlr* ***** Ninety buying rate* U8 dlr? 1.1901 NEW ZEALAND Sterling 0.5441/ 0 5412 U8 dlr 1.9902/ 1 0492 burln 08 dlr 1 0996
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      • Article
        Zurich
        51 4 J"**™ «*ehantw closing quotas us 1.0000.9110 3 1280-1274 Can 1.3025-3056 D Mk 11 1 125-3040 252-2H 04 rrrmMf-xtmi BTr t l 440-1970 D Kr 39.3499 1991 N Kr 30 .9943-7934 8 Kr Lit 9.last. 1991 am aeb 11.2221 -2999 Port 35 420-5964 Spain 2 1956-190S Arg 9.19-29 Yen 0
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      116 4 YOU NEED AN INTERCOM YOUR RECEPTIONIST NEEDS AN AIPHONE When you instal an Aiphone In tercoin System in your office, your Receptionist can actually stay at the front desk instead of chasing you dowr, she can push a button and page Your Receptionist needs an Aiphone for more efficient use
      116 words
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  • TRANSPORT
    • Article
      New moves to enforce hand-luggage ruling
      432 5  -  •y SIVA ARASU AIRLINE officials will be meeting the Singapore Airport Terminal Services (Sats) soon to discuss arrangements on the enforcement of the long overdue hand-luggage ruling. The ruling was to have been made effective on June 15 or July 1 this year after
      432 words
    • Article
      SIA gets green light to US
      226 5 SINGAPORE and the United Kingdom last week exchanged diplomatic notes to modify the existing air services agreement, which was signed seven years ago. As a result of this revised agreement. SIA will be able to mount Its passenger services to America next year via
      226 words
    • Article
      Lock icon HONGKONG OWNERS SNAP UP OLD SHIPS ATA BARGAIN
      298 5 Reuter. HONGKONG shipowner* were reported tp have cashed in on the world ■lump by buying up secondhand ships. The daily South China Morning Poet reported that local owners were estimated to have spent more than HKS3OO million (about S*ISO million) on these
      Reuter.  -  298 words
    • Article
      Lock icon LONDON FREIGHT
      189 5 UPI. DESPITE the re-openlng of New York markets, confirmed fixing remained in very short supply, with time-charter booking still playing a prominent role. Some indication of Far East bulker rates was provided by the Showa booking of the Zannls Michalos at US$3.4O (557.82) a dwt for a September
      UPI.  -  189 words
    • Article, Illustration
      SHIPS IN PORT
      351 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alexsandr SerafLr movlch (0600 after Ned-lloyd.-Chtrtnce) 35/36 Botany Trust (1000) 16 Bunga Setawar (0600 after Bunga Mas) 19 Feng Y1 (0800 8/9 Ibn Hazm (0200 6/7 Jlntsu Maru (0700) 3/4 Kasuga (0600 after Chidambaram) 42/43 Kota Ball (1500) 1/2 Sea Trader (after
      351 words
    • Article, Illustration
      Lock icon Tanker rate revival unlikely
      656 5 Reuter. ANY SUSTAINED rise in tanker freight rates is unlikely while overtonnaglng in the world tanker fleet, currently at 33 per cent, continues. London shlpbrokera J.I. Jacobs in Its latest sixmonthly world tanker fleet review said the non-stop growth In the fleet since 1945 has at
      Reuter.  -  656 words
    • Article
      Lock icon PanAm's bid for National still in the air
      184 5 AP DIRECTORS of National Airlines debated a US$35O- (SJBOS million) merger bid from Pan American World Airways for several hours on Wednesday, then recessed without disclosing whether any decision was reached. A Pan-Am-Natlonal merger would create the United States' second largest air
      AP  -  184 words
    • Article
      AIRPORT PLANS
      58 5 THE Philippine government has completed its plans for the Manila International Airport (MIA) to cope smoothly with 4,000 passengers in 1900. The expected passenger load is based on the simultaneous arrival of two supersonic transports, eight 8V7475, eight DC-10s and seven DC-«. Plans are also afoot for the
      58 words
    • Article
      Lock icon Laker's Airbus move
      90 5 Reuter. LAKER Airways Is negotiating with the European Airbus Industrie consortium to buy the new A-310 Airbus. An Airbus Industrie spokesman, interviewed at Farnborough Alrshow would not say how far the negotiations had progressed. "We are negotiating with a number of airlines and Laker Is one of
      Reuter.  -  90 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      657 5 t ARRTVAL8 OMrator Jfilw Local Number Tin* ma SIA 8Q011 1035 8FO/HNL/OUM SIA SQ103 1045 KUL SIA SQ200 1045 HLP MAS MH60S 1045 KUL OIA OA944 1055 PKU OIA GA006 1100 ME8 OIA QA805 1110 AM8/CDO/BOM PAL PRSOl 1125 MNL OIA OA982 1200 HLP 8N 8N287 1200
      657 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      188 5 SINTAT Rent-a-Car SINGAPORE. AIRPORT TEL *****S CITY TEL 235S8SS CaH us to. -ou. I ical onAard reservations IT —r- > liitlljj! M! i 111 lil 1 I good to eot...good to sell Australian food and beverages give the consumer quality and value. They give the importer increased business. And there's
      188 words
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  • Article
    Our reputation is on the line
    673 6 THE COMPLAINT of a single shipping agent from Kuwait may seem a trifling matter to be unduly concern about, yet Its Implications for the Republic and Its Image as a maritime nation makes it a matter worthy of serious consideration. As an island nation,
    673 words
  • Article, Illustration
    Brazil once again the darling of bankers
    1853 6  -  ,V ;v -VcU bvi John Tan CALL Brazil what you will. A marvel of development planning, a South American enigma, a fluke of nature, even a trick of statistics. To be sure, this nation of Portuguese speakers In a continent of overwhelmingly Spanish
    1,853 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      239 6 1 m t:- m DfiLVfiniUSd TttffflSCinflTOlS Just don't miss them st ths ton Bar while they pulsate their audience with their rhythmic sways of their Mliee to the gaotlanaaa of thair voices. Also on stags to s non-stop musicai deilght: Sonny Me ft The New Maonglewe The Trend Const si
      239 words
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      Page 6 Advertisements Column 2
      18 6 EXECUTIVE CHEF: -LEO WAtDMEIER. MAITRE D'HOTEL- WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      18 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      66 6 W E AT:H ERI OUTLOOK for Singapore from 6 a.m. to nopn today: Rain in early morning. Report for 24 hour* prior to 7.30 pm on Sept. 7 at the airport: Maximum Temperature 31.7° C Associated Humidity M Minimum Temperature 23.3° C Associated Humidity 98 Hours of Sunshine 7.90 Rainfall
      66 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      247 6 SINGAPORE 5 3.00 PM Opening and Housewives' Matinee Judy Lucky Jacket (Mandarin fi}m repeat) 4.35 Intermission 6.00 Opening and December Bride House Mother Show 6.30 News in Brief* 1 6.35 It's About Time 0 7.00 Persembahan Ku (Malay) 0 7.30 News and Newsreel in Malay 0 7.55 Sports Parade 0
      247 words
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  • Article, Illustration
    Lock icon Do feel free to knock on your financier's door
    1891 7  -  "No finance" is the common cry of the Singapore entrepreneur. But bankers are liquid now as never before and claim they are eager and able to lend. How should these two elusive lovers be matched? Merchant bankers of Gresham Trust in
    FT  -  1,891 words
  • Article
    STRAWS IN THE WIND
    433 7 5 MARILYN KENNEDY, a Job consultant who teaches a course on office politics In Illinois, US, layarlt on the line: When It comes to adm vanclng a career, a drink »wlth the boss after work is probably more Important than hard work and com--Ipetence. The name
    433 words
  • Article
    Nursing itself back to health
    1191 7  -  roßPMakia on Japan J »r JOHN DRYSDALE John Drysdale is a dfretvf tor of Asia Research J Ltd ONCE a month The Japan Economic Journal publishes a full page of statistics drawn from Nikkei Economic Electronic Databank Service. These statistics are remarkably detailed, up-to-date (June
    1,191 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      294 7 «ss 1 v W wM 4 r» MPj aw* Jte-••«:-'*.■■■- > i a v. W Now. at the I IMPERIAL BAR J /i v .1 mVIIRRI Come, listen to the soothing sounds of Tony, Terry and Spencer at the Imperial Bar. The most talked-about pop group in the most taked-about
      294 words
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      Page 7 Advertisements Column 2
      68 7 jjgas ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 HOTEL PHOhNIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTtL 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.
      68 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      36 7 BriSt^W":F^ai^l)ickias D«nn.' yen 5 flu. nged Mfcge NCXI BR»STOU) HRom resses gsun wfprnes... J c 3) 4 A S ■THP»I4K PosrgoN MO Po«NT IN v*\ "r»me TftN»NG To r»GOR€. IT OUT D£P£ S\B, To CUR LeTTeR
      36 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Zurich closes higher
      487 8 EUROPEAN MARKETS ZURICH price* closed generally h liber lit active trading on Wednesday with buying Interest stimulated by the firmness of the dollar and the deutschmark against the Swiss franc. Dealers said demand centred on stocks with comparatively high yields and on those unaffected by currency fluctuations.
      487 words
    • Article
      Zurich
      183 8 SEPT Francs +A Actions Sulsses Alusuisse Br Alusuisse Reg. Brown Boverl Br ClbaOelgy Br ClbaQelgyPC Clba Oelgy Reg Credit Suisse Br Credit Suisse Reg Elektrowatt Br. George Fischer Br Globus Pc Hero Br Hoffman-La Roche 1/10 Holder bank Br Interfood Br Jelmoll Br Motor-Columbus Nestle Br Nestle Reg Oerllkon'
      183 words
    • Article
      Amsterdam
      199 8 SEPT M Fls ABN 381.00 +4.5 Ahold 116.00 +0.5 Akxo 35.00 -0.1 AMEV SO SO +0.7 Arot&s 119 SO +0.8 AmrorBank 84 00 +2 98 40 -0.1 Berk ***** -0 8 Bois 77.70 +0.4 BorsumlJ 173.00 +1 Burtiimnn 75.00 -1 BywJiorf 100.00 -0 5 Calve Delft 171.00 -2.5 Dell
      199 words
    • Article
      Brussels
      90 8 SEPT M Frs FORWARD MARKET Acec 410 -7 Arbed 2405 -10 Astur 998 •2 Brascan 4S1 +4 Bru-Lamb 1545 unch Canpac 672 22 Cock 470 10 De Beers 233 +1 Ebes 2290 unch Electrobel 9880 +50 Ob-Inno-Bm 2290 -10 Oev 1300 -a Hobok 2420 15 Petro 3825 unch Ryl
      90 words
    • Article
      Frankfurt
      208 8 SEPT M Dm Aef-Telefunken 81 -1.5 Akzo 32B Allz Leben 875 -2 Allz Vers 496 unch BASF 140 -0.2 Bay H T Wbank 289 -1 Bay Vbank 328 -1 Bayer 142 -0.2 BBC 306 50 -1 BMW 225 10 -1.4 Cassella 410 ♦9 Chem Verw 287.50 1.5 Commerzbank 229
      208 words
    • Article
      Milan
      96 8 SEPT Ure Anlc 119.75 10.75 Assoc Gen 3S200 +210 Bastogl 855 -15 Centrals 4385 -4 Flat 2070 +20 Flnslder 180 -1 75 Oen Immob 75 .50 +0.75 IFI Pri 2395 unch Italcementl ***** 55 I taigas 798 unch Italslder 359 11.25 Magnetl M Pf 484 •11 Maretll Ere 357
      96 words
    • Article
      Paris
      260 8 SEPT 08 Frs CORBEILLE Alr-Llqulde 324.10 B 8 N Oervals Danone 530 C 8 F (ThomaonCsf) 287 CleFrancalae desPetroles 127.70 Compagnle Flnanciere ComptgnK Generale 388 Credit Fonder De France 387.80 Hachette (Llbralrle) 225.50 Machines Bull 48.20 Mlchelln (B) 1282 Partbas 178.50 Pechlney CI fine Kuhlmann 91.30 Peugeot' 483 Philips
      260 words
    • Article
      Toronto
      36 8 SHARE prices closed lover on Wednesday In active trading with the composite Index off 2.0 points and declines outnumbering advances 230 to 197. Due to computer problems at the Toronto exchange, closing prices were unavailable.
      36 words
    • Article
      Jo'burg
      336 8 THK earlier trend In gold shares was reversed op Wednesday and issues cloeed mixed with an easier bias. Factors affecting the sector were lower afternoon bullion Indications. strength of Securities Rand and some caution ahead of the IMF auction Mining flnancials shadowed the trend in producers. De Beers was
      336 words
    • Article
      Bulls still in charge
      562 8 TOKYO THE market continued bullish yesterday, centring on me-dium-priced Incentive-becked Issues and high-priced pharmaceutical Issues. However, forerunning chemical and steel Issues closed tower owing to pro-fit-taking by short-term traders. Total sales value continued heavy, although turnover was estimated at 300 million shares, compared with 300 million
      562 words
    • Article
      Sydney
      254 8 LEADING mining and Industrial shares were well supported in a generally firm market yesterday SEPT r CenU INDUSTRIALS A.C.L A.N.I A. P M AmpoJ Pet B HP Bank NSW Boral Bramble* C. B A C.I.R Goal Allied Dunlop Ex. Ind Herald Hooker I.C.I. Lend Leaae Newt Ltd Oak bridge
      254 words
    • Article
      Hongkong
      272 8 THE market remained very steady throughout most of yesterday morning for a chance with some UK and Overseas Chinese selling noticeable until local Investors returned In force MPT* n AmaJ Rubber 2 [KS sob unch Associated Hotels 3 975 +.1 Bowmtert m lisp mean China China 1.90 +.10 30
      272 words
    • Article
      CHICAGO BOARD OPTIONS
      816 8 September 6 CHICAGO Board Options Exchange volume expanded to 172,808 contracts on Wednesday from 106,435 on Tuesday OPTIONS OCT JAM APL Alcoa 40 0 3/4 UNTRD UNTRD Alcoa 40 3M 4ft ft/4 Alcoa 90 1 2 3/8 3 Am Exp 30 UNTRD T l/l NOL Am Exp
      816 words
    • Article
      Bangkok
      209 8 Se*7 Bakt *'h Bangkok Bank Bank of Ayudhaya 368 -2 Ltd 270 unch ThaiDanu 372 Thai Parmcrs Bank 374 •a Thai Commercial Bank una Bangkok Metropolitan Bank unq Industrial Finance Corp. 2.455 unch Oeneral Finance unq Bangkok Investment 306 -4 First Trust .286 -4 Lee Kwang Ming Trust 255
      209 words
    • Article
      Manila
      90 8 kpt m PMM Acoje Mining 0106 ♦0 0001 A tin Con A AtkiCon B. 21.91 +0 01 BaguloOold 0106 unch BenguetCon B 36 00 -0 9 BFOoodrlch 2300 +0.1 CDCP IncoB Landoll .014 unch LepantoB. 24 -0.01 MarlnduqueB 6.90 unch Mertlcc 2170 1.2 Oriental A Oriental B .075 ♦0061
      90 words
    • Article
      Selected indices
      59 8 FINANCIAL TIMES INDUSTRIALS Wednesday 503.5 Tuesday 503.5 Week Ago 503.0 DOW JONRS AVERAGE INDUSTRIALS Tuesday Week Aff> MO.72 LONDON DOLLAR PREMIUM Wednesday 90*. to 91* Tuesday ..01* to 92 HJL HANG SKNG Thursday Wtdrvadsy 700.29 607 41 Week Awo 079.22 SYDNEY INDU Thursday Wednesday 464.04 Week Ago 407.42
      59 words
    • Article
      Airline issues in limelight
      1242 8 NEW YORK THE BTOCK market staged a oread and sharp advance on Wednesday In the heaviest trading in three weeks, with airline and petroleum stocks in the forefront. Airlines have been benefitting from strong traffic and earnings figures and from speculation. about merger ln mor e
      1,242 words
    • Article
      Lock icon Johnsons loses cutting edge
      412 8 NYT WHEN Johnson and Johnson brought the mouthwash mlcrln to market In 1901, the company came on with all guns blazing Within months, the new product had picked off 15 per cent of the market and was threatening to overhaul that historical front-runner, the Warner-Lambert Co.'s
      NYT  -  412 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      348 8 ThelUFEl Library Of Photography o» -Jia in 5 The Life Library Of Photography £ac/j volume measures 10'/< x 70'/< inches (26x26 cm). Hard cover, silver stamped black-cloth binding. 240 pages Approximately 300 illustrations, many in full colour. The following book* are available from THE LIFE LIBRARY OF PHOTOGRAPHY In tha
      348 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Close Encounters gives Columbia Pictures a lift
      173 9 Reuter. CITING the box office success of' 'Close Encounters of the Third Kind", a science fiction thriller, Columbia Pictures Industries said Its profit more than doubled In the final fiscal quarter and full year "to reach historic levels." The company said its profit
      Reuter.  -  173 words
    • Article
      Lock icon Sun Maid halts sales to assess damage
      96 9 AP SUN MAID raisin growers of California, which Broduces 40 per cent of the nited States' raisins, halted sales worldwide on Wednesday until stormcaused damage to the 1978 domestic crop can be assessed. The president, Mr. Frank Light said all the cooperatives r
      AP  -  96 words
    • Article
      Lock icon RESORTS
      70 9 UPI RESORTS International, Inc. reported that the net win at its Atlantic City casino rose in August to U*****,208 a day or a total of $23.53 million from an average of $666,209 a day in July. The company said slot machines accounted for 46.6 per cent of the net
      UPI  -  70 words
    • Article
      Anglo-Alpha downfall result of weak demand
      184 9 AngloAlpha downfall result of weak demand FURTHER evidence that the current mini-boom in consumer spending has not been fully felt In the primary sector was provided by the result of Anglo-Alpha Cement, South Africa's second biggest cement producer. Anglo-Alpha's operating profit was declared 7 per cent to R29.5 million In
      184 words
    • Article
      Johnnies writes off Otjihase mine
      109 9 AS FORECAST at the halfway stage, Johannesburg Consolidated Investment has made another substantial provision In Its results for the full year to June 30 against Its holding In the Otjihase copper mine which was placed on care and maintenance In January. After writing-off Rl2 million
      109 words
    • Article
      Lock icon Anheuser-Busch, Philip Morris in new battle
      547 9 N.AMERICAN Washington Star THE BEER sales battle between Anheuser-Busch and Philip Morris may be moving into another arena but a softer one. The two top brewers in the US in terms of sales have been squaring off against each other for several years as
      Washington Star  -  547 words
    • Article
      Lock icon Eaton revamps after takeover spree
      347 9 FT EATON Corporation has announced a major management and structural reorganisation following its acquisition of more than US$3OO million of new businesses this year. The diversification exercise will significantly reduce Eaton's dependence on sales to the automotive market and should therefore make it less vulnerable
      FT  -  347 words
    • Article
      Steelmakers turn in mixed results
      329 9 r S AFRICA h TWO of South Africa's biggest private sector steelmakers reported sharply divergent results. Against a slowly reviving economy, Hlghveld Steel and Vanadium, a member of the Anglo-American Group and a perennial pro-fit-maker, recorded a 15 per cent fall in pre-tax profit, while
      329 words
    • Article
      Lock icon Cullinan Holdings raises profit by 75pc
      224 9 FT PRELIMINARY RESULTS for the year to June 30 from Cullinan Holdings, South Africa's second largest refractories producer, give the second indication this month that the local Industry is improving. After first-half turnover of R16.2 million,better export and domestic markets helped boost second-half turnover
      FT  -  224 words
    • Article
      Lock icon Int'l Maritime down sharply
      140 9 FT HONGKONG: International Maritime Carriers (Holdings), a medium-sized Hongkong shipowner, earned a sharply lower net profit of HK519.74 million In the year to March 31. This compares with $31.8 million in the nine months to March 1977, which was a transitional period as the company altered
      FT  -  140 words
    • Article
      COOPER CONSORTIUM MOVE TO RAISE OUTPUT
      91 9 ADELAIDE: The Cooper Basin natural gas consortium, will spend Asl2 million as part of a programme to increase gas 6roductlon from the oomba and Big Lake gas fields in South Australia, the consortium's operator, Delhi International OH Corp said. The programme Includes installation over
      91 words
    • Article
      IHI
      59 9 TOKYO: Ishikawajlma Harlma Heavy Industries Ltd (IHI) said it has decided not to pay an Interim dividend for the first half-year ending Sept 30 because of a slump In its shipbuilding division. IHI said sales in the shipbuilding division In the first half-year will be about half the 130
      59 words
    • Article
      Lock icon CBOE calls for end to dual options
      108 9 Reuter CHICAGO Board Options Exchange (CBOE) chairman Mr. Edward Nelld said he advocated an end to dual listing of options. He cited recent market confusion arising from disparities in listings on Bally Manufacturing Co options on the CBOE and the Amex. Mr. Nelld
      Reuter  -  108 words
    • Article
      Heavy buyer of Abitibi shares cloaked in mystery
      227 9 A MYSTERY buyer hu acquired about 600,000 shares of Abltlbl Paper which, with 58 per cent-owned Price Company, Is the world's largest newsprint producer. Major blocks of Abltlbl stocks have been sold through the Vancouver and Toronto stock exchanges In the past
      227 words
    • Article
      Servomation accepts GDV offer
      165 9 LIGGETT group, the tobacco concern, appeared to have lost the battle for Servo mat lon, the vending and catering company It has been bidding for In the past two weeks. Servomatlon announced that It had accepted a competltlng offer from GDV, a homebutiding subsidiary of City
      165 words
    • Article
      Lock icon SEC probes Litton, General Dynamics
      107 9 Reuter. SENATOR William Proximire (Democrat-Wiscon-sin said the Securities and Exchange Commission (SEC) is Investigating Litton Industries Inc and General Dynamics Corp to determine If they filed raise and misleading financial statements concerning their shipbuilding contract claims against the US Navy. Sen Proxlmlre said the SEC
      Reuter.  -  107 words
    • Article
      Lock icon Ashton venture reveals big diamond haul
      346 9 r i ASIAN i Reuter. MELBOURNE: Bulk sampling of klmberlltlc material by the Ashton Joint venture recovered about 173 carats of diamonds from the start of sampling on Aug 1 until Sept 2. Conzlnc Rlotlnto of Australia Ltd (CRA) said the largest stone recovered
      Reuter.  -  346 words
    • Article
      Lock icon Hamersley follows up with another US loan
      275 9 AFP CANBERRA: Australia's leading Iron ore group Hamersley Holdings has negotiated a loan of US$l5O minion with a syndicate of US and Canadian banks. This follows a 100 million deal being negotiated with a group of European banks In preparation for the expansion
      AFP  -  275 words
    • Article
      Lock icon McPherson's slows profit decline to spc
      194 9 FT SYDNEY: The Melbournebased engineer and metal merchant, McPherson's Ltd, has reduced its profit slide from a disastrous 45 Gr cent drop in the first If to a 5 per cent dip in the latest half for a 26.9 per cent fall from A
      FT  -  194 words
    • Article
      Lock icon PLDT
      27 9 Reuter. PHILIPPINE Long Distance Telephone Co (PLDT) fit its regular quarterly dividend came to 1.25 pesos, payable Oct IS to shareholders registered on Sept IS. Reuter.
      Reuter.  -  27 words
    • Article
      Lock icon Garrard losses still hold Plessey down
      381 9 r EUROPEAN Reuter. LONDON: Plessey Co Ltd said Its Oarrard Engineering consumer electronics subsidiary's continuing losses totalled £1 million during its first quarter to June 30, almost doubling the £520,000 loss registered in the same period last year. Plessey said it had managed to
      Reuter.  -  381 words
    • Article
      Lock icon Bourse against Bastogi suspension
      160 9 Agencies. MILAN: The Milan Bourse Committee does not favour the suspension of the share quotations of Bastogl Finanzlarla and Its subsidiary Benl Stablll until details of the proposed Incorporation by Bastogl of Benl Stablll have been announced. A suspension move would create "considerable technical problems," leading
      Agencies.  -  160 words
    • Article
      Steyr-Daimler-Puch takes in Cemoto
      542 9 THE DIFFICULTIES facing the Spanish motorcycle Industry were underlined recently by the announcement of the absorption of the Companla Espanola de Motores (Cemoto), which makes the Bultaco range by the Austrian combined Steyr-Daimler-Puch. Cemoto had hitherto been regarded as one of the motorcycle Industry's most dynamic
      542 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      221 9 ml GUTHRIE BERHAD (A (Incorporated m the Republic of Singapore INTERIM RESULTS The directors of Guthrie Berhod announce the unaudited troding results of the Group for the first six months of 1978. Turnover increased by nearly 10% (inclusive of the Group's shore of the turnover of associated companies) ond the
      221 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1710 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of share* traded shown in brackets In tots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett." Big Board deal
      1,710 words
    • Article
      Government bonds
      94 10 4 1/2% 1/8/80 (250.000) (99 558 90.858) 4 3/4% lf/9/80 (250.000) (100.008 100.108) S% 15/4/81 (250.000) (100.158 100.258) 5 3/4% T F 15/8/81-84 250,000) (102.308) 7% 1/8/85 (250.000) (100.708 100.858) 7 1/4% 18/4/88 (250.000) (100.75B) 7 1/4% 15/10/88 250,000) (100.75B) 7 1/4% 1/5/87 (250,000) (100.70B) 1/2% T F
      94 words
  • Article
    SHARE INFORMATION SERVICE
    2497 10 Gr'« Gr'* Nat 1978 1 ut Dfv Div YTd P/E Vol Day High Low Company Sale +or- CTT ('680) High Low SECTION ONE INDUSTRIALS 272 132 Acma 261 +2 12.ON 1.3 4.5 28.3 49 264 260 238 123* Alcom 234 10.0 2.2 4.2 17.3 178 112 Allied
    2,497 words
  • Article
    Unit trusts
    145 10 SINGAPORE UNIT TRUST INCOME BOND UNIT Mtu|«n pnc* m for tot p 10# The Comntrct 2 50 2 #5 INCOME BOND 1 15 The Saving Fund S pore Prof Fund I.ST 1.87 MARA BUMIPUTRA FUND 1.21 1.28 (Maiafm prwai Mr se»i sj S pore Security Fund 2.12 2.25
    145 words
  • Article
    In Kuala Lumpur
    1816 10 BID and offer prices officially luted and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless ot»—rwlse specified. inomtiiials Ajinamata (3.806). Ataam (2.478 2.506) (2) 2 48 (4) 2.47 (2)
    1,816 words
  • Article, Illustration
    Share prices still on the uptrend
    825 10 BUYING bids for quality stock* came on faat and strong on the Stock Exchange of Singapore yesterday followed by quick profit-taking on selected stocks. Although the demand for stocks was there, the outlook of many traders was very short term in nature. The share
    825 words
  • Article
    Trading fairly selective on KL exchange
    559 10 TRADING was fairly selective on t,he Kuala Lumpur stock market yesterday when business resumed after the three-day Harl Raya break. Buying Interest was focused on selected industrial blue chips and a handful of the lower-liners. These shares opened significantly higher and fluctuated during the
    559 words
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  • COMPANY NEWS
    • Article
      JACK CHIA MINING TO CHANGE NAME
      270 11 JACK Oris Mining ud Industrial Corporatio» lo to change its mum to Jack Chit Enterprises (Malaysia) now that H ku told it* only tin mino la South Thailand. The sale, announced earlier this year, was Bia>ln>i oa June 1 for a total consideratiod of
      270 words
    • Article
      DIVIDENDS ANNOUNCED
      323 11 Current payment Ex Date ii Date payable Total far the year i Total for previous year B. Ktwit UOB Alex Hides Bata Paper Prod SelProp Hifhltodi sad Lowlands Per lis Plant M'wata Sel Dredge JC-MPH Inch Kenneth Harper Gilf Metro IntWood KL Keponf OCBC Apollo Carbberg Wilkinson UAC
      323 words
    • Article
      SCRIP ISSUES
      150 11 Company Particulars Ex Date Book* Close Sen to mi Bonus issue of 1 for 4 Aug 30 Sept 12 Great Eastern Life Bonus Issue oi l for 2 Sept 1 SeptU MTobacco Bonus Issue of 1 for 1 SeptS Sept 16 Rothmans Bonus Issue of 1 for 4
      150 words
    • Article, Illustration
      Rumours of North Borneo recovery prove unfounded
      924 11  -  By ARTHUR NG MARKET rumours that North Borneo Timbers had recovered from the disastrous setback suffered In the previous year and was poised to show a clear profit were not substantiated when the results were announced. The preliminary results show that the company
      924 words
    • Article
      COMPANY MEETINGS
      170 11 ALEXANDRA Holdings Ltd: AGM to be held at 15th Floor, Rooms 1511/ 1512, Shlng Kwan House, 4, Shenton Way, Singapore on Sept. 15. Great Eastern Life Assurance Company Ltd: EOGM to be held at 18th Floor, OCBC Centre, Chulia j Street, Singapore, at noon on Sept. 15. Jack
      170 words
    • Article, Illustration
      Dunlop Estates hard hit by bad weather
      653 11  -  By SUSAN SEVAN DUNLOP Estates has taken a particularly heavy beating from the adverse weather conditions which have plagued palm oil producers recently. Pre-tax profits for the six months to end-June this year are nearly halved at M 59.59 million compared with $18.2
      653 words
    • Article
      HARPER GILFILLAN
      86 11 SHARIKAT Harper GUfillaa Bhd Imtmwud Um Stock Exchaage at Slagaporo of the reeeat ehaagce la Its corporate Emiwtra (Malaysia) Bda has hosa tmtwm lei a Mat vtars ooupoay with Colgate Palaothre (Malaysia) Ma Bhd, to iwsikte QMBpoUr bursaa ssrvfcas for botkifce share holders tad third parties. The aathsriesl
      86 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      168 11 111 l mrsm m m m 4|lL ttSSBfs*a)B4ll=-l nTI UNITED OVERSEAS INSURANCE LIMITED VV V V CA member of the United Overseas Bank Group D Issue of 5,000,000 Ordinary Shares of Ssl.oo each at 552.00 per share United Overseas Insurance Ltd is pleased to announce that at the close of
      168 words
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      Page 11 Advertisements Column 2
      327 11 ANNOUNCEMENT NOTICE OF FINAL DELIVERY OF BEIRUT CARGO In view of the existing situation in Lebanon, especially at Beirut, consignees are hereby notified that cargo from lyo Maru Voy. 36 destined for Beirut will be discharged at the Port of Limassol, where the vessel arrived I st September, 1978, as
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  • Article
    Americans coming to Fair '78 in style
    508 12  -  •y JOHN LIM SINGAPORE Fair '78 is attracting a 100-strong trade delegation from the US. This Is probably the largest single trade team to visit Singapore. The US team, from the Manufacturers' Agents National Association (Mana), Is among a host of other trade
    508 words
  • Article
    Lock icon STANDBY CREDIT
    59 12 Reuter THE KOREA Overseas Construction Corp has been granted a 559.87 million Saudi riyal standby syndicated guaranty facility. Citicorp International Group said, as lead manager, that the facility will be for three years but other terms were not disclosed. The facility will be used to support two advance
    Reuter  -  59 words
  • Article, Illustration
    Bigger share of action
    296 12 FOE EVERY 20 applicants who applied for between 1,000 and 9,000 share* in United Overseas Insurance, only one was successful in the balloting yesterday. Each will receive 1,000 shares. On the surface, the allotment does not seem to favour the small investor. However, three million shares
    296 words
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    Lock icon Miller-Carter split on two tax issues
    681 12 NYT. MR. WILLIAM Miller, chairman of the Federal Reserve Board, split with the Carter Administration on two principal policy issues on Wednesday. Mr. Miller recommended to Congress that it defer next January's scheduled US$B billion (5518.4 billion) increase in social security payroll taxes for
    NYT.  -  681 words
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    LONDON STOCKS
    716 12 LONDON, Thurs. Share prices today edged higher at the close after earlier easiness but business was slow in anticipation of an election statement by Prime Minister James Callaghan tonight, dealers said. ICI and BP ended 4p and 6p, respectively, higher following earnings announcements and other Industrial leaders firmed
    716 words
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    Lock icon Steep increase in Japanese sales to Asean
    584 12 UPI. AFP. JAPANESE exports to eight Asian countries have risen steeply this year, provoking growing demands from them that Japan correct the trade Imbalance. According to a report from the Bank of Japan. Japanese exports to the eight nations the five Asean states.
    UPI.; AFP.  -  584 words
  • Article
    Lock icon Fed must soldier on
    457 12 NYT CALLING the 'American dollar seriously undervalued and Its current level on world money markets "ridiculously low," Federal Reserve officials said on Wednesday that the Fed would have to continue to Intervene in foreign *exchange markets on behalf of the dollar until the Carter Administration took
    NYT  -  457 words
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    DRESDNER STRIKES GOLD AGAIN
    99 12 DRESDNER (South-east Asia) has again been successful in its bid for gold at the latest IMF auction. Managing director Rolf Willi said, however, that it was not allotted its bid in full though the bank was sold a sizeable quantity. The Singapore based merchant bank, and
    99 words
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      Page 12 Advertisements Column 1
      96 12 NEW PRODUCT TECHNOLOGY OPPORTUNITIES ftustrafcan Applied Research Centre is an Australian Technological Consultancy, which offers strong product/technology development expertise and a wide range of International Licensing Contacts. AARC wishes to work with Singapore companies who desire to: Introduce and develop new products for local manufacture. Market products domestically and overseas.
      96 words
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      Page 12 Advertisements Column 2
      129 12 Increase your crop yield. 4 Hoechst will help. t 4 <&C -A •v> HieHoechst supplies fertilizers which give plants exactly the nourishment they need to yield more latex, palm-oil, fruits and flowers. Hoechst has also developed a broad range of highly effective plant protection agents which are ecologically safe and
      129 words
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      Page 12 Advertisements Column 3
      3 12 SEE PAGE 3
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  • Article
    SHIPPING TIMES
    2545 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination tht name of the ship, tht shipping ltM involved, and the estimated dates or arrival and departure, from Singapore port. t CumtrtlUM SeanDatch has a Mat ser"t
    2,545 words
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      407 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN/W.MEDVU.K. Singapore: Tel. *****, Port Kettng Tel. *****1, Kuala.Lumpur Tei *****. Pwung: T* ***** SHIPPING l I C 2 SANKYO LINEI AUSTRALIA SERVICE P.Katong Smppon Loadmg far MA ICARP IN PORT SAILED STD, MEL, ADEL PARADISE MOON 15/16 Sap< 12/14 SYD.KL.AOCL
      407 words
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      301 13 THAI MAWN€ UN€ REGULAR SCHEDULED CONTMNEI FEEDER SERVICE BETWEEN SINGAPORE/ BAN6KOK MfftM iIMCAMtf UTISMMfTV.iI IM ltS«* US* KITISMIUT Vl9 171* Mfc* 22 S* 23 S* UTI SAINT *.20 2fS*2lS* 1 Oct I Od ROOUNGS/ ENQUIRIES: OCEAN SNIPPING I ENTERPRISES PTE ITO 21ST FLOOR, MARINA NOOSE. SNENTON HAT, I TEL *****51
      301 words
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      Page 13 Advertisements Column 3
      375 13 ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN \sm PORTS OF ITALY, SPAIN, FRANCE C S'para P Kdaflf Dttdur|M( Parts m.*. SCLINOA J Sapt In Part Satama. Mantafcam OINOUSSIAN MAIDEN 7/1 Oct -feBUROEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP ft U.K. ACCEPTING THROUGH BILLS OF LADING TO MAIN U.K.
      375 words
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      348 13 S pore PJ UNION AUSTRALIA la Part UNION ADEN 20/22 SaptP Ki(ih( Ptfunc Ltritflf fir itddah ILMbutirtf lUfiuM LORD STEAMSHIP CO. S.A. TAIWAN/ STRAITS/ TAIWAN EXPRESS LINER SERVICE Lootfiiic for Poet KiiMf Pwimw Kidvni Kwihwni S'PORE PJtEUM PEMRM TAIWAN LOON CHONG 1/1# S«pt 11/13 Sapt 14 Sapt 20 Sept LOON
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      128 13 Nedlloyd Lines To/From AN Parts of tht Wortd. Singapore: TaL *****, Port Ktfang TaL *****1, Kuala Lumpur TaL *****, Pwng TaL 0017 V NOTICES -7.' [TTTJ W- 41/44. General Survey of damaged cargo ex the above vessel will be held on Monday 11th September, 1978, as from 9.00 a.m. to
      128 words
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      799 14 i, A EXPRESS CONVENTIONAL TO EUROPE fpm P.Mwf 'ML Mkw 6m H*lw| rtmUM MMf MM* 17/9 18/9 10/10 6/10 17/10 23/10 13/10 15/10 2/10 4/10 25/10 21/10 2/11 1/11 29/10 31/10 MmWh 14/10 31/10 13/11 11/11 7/11 9/11 (Mi 17/10 13/11 20/11 24/11 iC/11 18/11 Mp 13/11 30/11 U/12 12/12
      799 words
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      423 14 BBS laarMrMwSM barber blue seal Fimc US ATLANTIC US GULF ft EAST CANADA N«t krU "MENCSTHCUS" 11/1, "TAGATTAT" 77/1. Tr US ATLANTIC US GULF ft EAST CANADA Safe tat Leader "MnOTHCUr IMW Immimi Sw Pnnchco u loa Angeles SaaFraachco SINGAPORE Jakarta 12-13/9 2t-2t/9 12-13/11 27-21/10 12-13/11 14-15/9 29-31/9 14-15/10 29-30/10
      423 words
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      643 14 LAND" U.S.A./ ASIA SERVICE OtT REFRIGERATED CONTAIMER Jf«WCE MltlW ffCrWEI>IW»<T FOB WHIJUSA. PWAM. CAMKM. MPM. KOREA. TAUB* HOW BO*. THAILAND AM PWUfPIMCS VESSEL/VOYAGE WORLD LION V 8 WORLD TIGER V 9 WORLD LION V 9 WORLD TIGER VlO Vessel Arrives/Departs Sept 14/15 SEPT 21/22 .SEPT 28/29 OCT 5/6 C.F.S. CLOSES
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      1019 14 Everett Lines Burn* Fivt Star Sfcipptni Corpn. jßk "BURMESE NATIONAL LINE" f LOADING FOR RANGOON Suva «ai" u/H/7 KPTB F.S.S.C Agents in Malaysia TEPS MALAYSIA Port Keiang Tel (38) 7355 Penang Tel. *****/***** Compama Argentina Oa TATE, Mavtfaaon Irrtarcontinarrtal S. A. C.I. F. \Mp AR GENTINE NATIONAL LINE" LOADING FOP
      1,019 words
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      539 14 V I R I >1 I I 11 sail/a^ nf\ nfti fLfir o Orient Overseas CoKlauteA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) All vesek call Bre»erha»en after Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) CHEVALIER ROZE IK IHKONG CONTAINER HE MERCATORK I ORIENTAL CHIEF IK S SEAS
      539 words
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      961 15 OCX Overseas Containers Limited Hturt trea. rtea Havre rtM P. Kelang s»r» Meat Ml: T«H ley MM Sailed MM la tf MM 7 SeM ISaM HK. KS. taaMr MM MM MM SaiM MM II MM 14 SaM HK. 13. fl at Mara MM MM MM MM Jt Seat KS. KS.
      961 words
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      Page 15 Advertisements Column 2
      937 15 line and 17/11 (apt a/ I Oct a/i 4 act M *ct leiaoet, (Mm. •tall. Jeddab. II Mi Leiaaas, Bilbao. Hall. lIM K/CMMMIT (Tia ha) Si'lf Europe NMII BINCRUACNAN Sail* SINGAPORE KUALA LllCHt POUT KELANG P. Kelang Singapore PM< IP Pt/10 Sept Indonesia, HK, 11/11 *(t Indonesia. HK, iium snippim
      937 words
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      Page 15 Advertisements Column 3
      846 15 imum ur inept utrej ;r\ rem mt a toot aw J> muimi a sret a s»»i ctnuia ur 1 let 1 ,21 an m tttMttu n tot 11 ret HUi MT 1» ret n W 2* KUIM nkl J W NMUM IMSS II let lIUIU MAM 4 Mot -L.c inirTl,
      846 words
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      839 15 Scan Dutch V :»i 1:1[H r.w-i'j WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA feeder Iron t. bl«( Vtsstl S'pore 1) I ClltA 4/ t Ml N«mu W 11/ I MTUMU KIFT CISC* J/11 tIUNIt S pore 1) HwiNtt a Mm 5 HBarg 4) Gburg ii/« n/ a a/ a/1 i/ii ij/ 1/w
      839 words
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      Page 15 Advertisements Column 5
      588 15 GUTHRIE BOUSTEAD Avar's THE BANK LINE LTD. IAUS Fit Lll AFRICA Ul CIIMI (Martin. Rewxw. OnrkM. EX.. P.C, Caottram) *u»«t»n S gon UiJiltn P Kciwf 11/1J Sift A VISSII (IMaritiitt, 9mmi—. Carte*. C.L.. P. 1.. Ca-*t«wi) Sun 1/ I tcl P. Ktlanf */U tet MM Utl I ntra VTtCi f.
      588 words
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      670 16 K LINE KAWASAKI KISEN KAISHA. LTD irn ma Ttm P, bMf l.Hwri HTwrf Brema fim KECMALIV MM ISs«t 3 Set ikt I kt I kt m PMlll* as* »S* kt 12 M 13 M T« let JU rue inr as* as* iitetaidnjrtHid KKm 11W 5 let 7kt2skt27ktaktakt TO VAI BAST
      670 words
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      830 16 U.S.A. I EAST CANABA SERVICE ACCEPT! Nt FCt/LCt CBNTAIRERS FBM PCNANR. P. BUM. STMK UMH tar INHU. HI TSSK. MLIPAI. SI. MM Praaag Selaaaa P. Rcltai Si -vsswa THmr- mm hud u/m uh is/is sapt n, E.C./6REAT LAKES SERVICE •-ipwww- uuw ■taft MkNk, Mnit. Cl***, tat crtii Cwta. caufomm/ pacific
      830 words
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      Page 16 Advertisements Column 3
      523 16 ORIENT LINES LTD PP f OS* lIS* S.ngipoft Osaka Tokyo ns«t us* as* as* MS* 27 s* ASIA AUSTRALIA TEMASEK lIS* ZSS* S let 21S* 27 S* 7 let 22S* nu* I let J Oct let 9 Oct r. Oct Act 14 let 19 let 11 let II let 19
      523 words
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      Page 16 Advertisements Column 4
      461 16 i/libJ MAOAYSIAN INTERNATIONAL SHtMNG CORPORATION OSRMAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/OONTINENT/SCANOINAVIA FUKfKi CIUMU MMM IT/ FtANCCSCA 1/ IfTUWt MJ 0 [ieahma a/ »tin EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T|. Men. S'ffrt P. Klltflt PlM"» LtofMf fw M la Pert Blow 12/0, CdiO/LtOfl 21/1. I'Mtll 3/10. Hk«rt 5/10. Odffi 7/10,
      461 words
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      Page 16 Advertisements Column 5
      590 16 f INTROSEfI PTE LTD. □nor smi/mi ewun soma n mm S pore P. K*M« hMH fit Mr if H-*^/ Mfaft 1 let S'kamptonMeneiHes/ W•* W 7 Oct RMo.'M-bwt/lMlccm MTuut <m> itt nntii wwiw mini rti surriw i "in- mm. mat Line STRAITS/AUSTRALIA SERVICE Singoporc P. Ktlmf LoWMg tar FMTMEI f.
      590 words