The Business Times, 21 September 1978
1978-09-21
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The Business Times
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Title Section10 1978-09-21 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, SEPTEMBER 21, 1978 50CENTS10 words
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BRIEFLY...
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Article72 1978-09-21 1 Reuter ZURICH, Wed. The dollar slumped to Its lowest level ever on the foreign exchange market here today following Jordanian and Saudi Arabian criticism of the United States-backed peace or Middle East, dealers said. The dollar opened at 1.525 Swiss francs, down from an overnight rate ofReuter - 72 words
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Article101 1978-09-21 1 UPI PRETORIA, Wed. Prime Minister John Vorster today announced his resignation after 12 years of stern rule and opened a frantic race for the succession among four heavyweight contenders. A new premier will be elected In eight days. The 63-year-old Prime Minster said he was retiring from publicUPI - 101 words
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Article56 1978-09-21 1 Reuter BANGKOK, Wed. Thailand last week sold to Singapore 12,000 tonnes of rice valued at over US$4.l million (over Ss9 million) on a government-to-government basis, a Commerce Ministry source said today. The grain consisted of 10,000 tonnes 100 per cent white rice, and 2,000 tonnes 10 perReuter - 56 words
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Article57 1978-09-21 1 AFP HONGKONG, Wed. The first wholly-owned deposit-taking Arab company in Hongkong was opened today. The company is Oman International Finance Ltd and belongs to the Dubaibased Bank of Oman. Manager of the new company A.K.I. Shaikh said careful attention would be paid to major financial projects underwayAFP - 57 words
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Article43 1978-09-21 1 AFP BRUSSELS, Wed. The Western world consumed a record quantity of champagne in the first half of this year, according to the French producers' figures issued here today. Shipments totalled 77,197,303 bottles, up 13.8 per cent on a year earlier. AFPAFP - 43 words
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Article93 1978-09-21 1 UPI WASHINGTON, Wed. The American economy grew considerably faster during the second quarter than originally estimated, but at the same time inflation roared ahead at its quickest pace in 3Vi years. The Commerce Department said Its revised figures for the April-June quarter showed that the gross national productsUPI - 93 words
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Article39 1978-09-21 1 AP WASHINGTON, Wed. The Industrial countries' aggregate trade deficit in the first half of 1978 was U5514.39 billion (5532.4 billion), or $12.93 billion less than in the first half of 1977, the International Monetary Fund said today.AP - 39 words
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Article74 1978-09-21 1 UPI NEW YORK, Wed. Stocks were mixed early today despite Investor concern over rising Interest rates and uncertainty about the outlook for the Egyptian-Israeli Middle East peace pact. Trading was active. The Dow Jones industrial average was ahead 3.55 points to 885.12 around 11 a.m. EDT. Firsthour volumeUPI - 74 words
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Chief Price Changes
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Article125 1978-09-21 1 Rises Most octive c*c 570 +25 Haw Par Sime Darby 682.000 583.000 M Banking OCBC 525 975 +25 +20 FAN 505 15 UOL 566.000 Gentinfa 376 12 (JOB 353,000 Inchcape 222 12 Harimau 263,000 Haw Par 208 12 Total Turnover: 9.99 m KLKepong 223 11 Total Value:125 words
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Article, Illustration163 1978-09-21 1 Falls Most octive Hong Leong Castle field Sanyo Carfsberg Matsushita Rahman Hy D. Keramat Steamship Tronoh 3.00 12.00 3 90 6 00 4.60 5.50 11.50 2.60 7.50 .50 .50 .40 .40 .30 .30 .30 .25 .20 S. Darby 989.000 Haw Par 903.000 Pa hang Cons 360,000 UOB163 words
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Article951 1978-09-21 1 INVESTORS STAY COOL By Our Staff Writer THE DOMESTIC dollar market will tighten even further in the next six months, bankers report, and a rise in bank rates of at least half a per cent appears to be evident. Borrowers look certain of951 words
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Article163 1978-09-21 1 Reuter SINGAPORE top* the table in a worldwide survey to find the best country for investors. Hongkong came a close second in the survey by the New York-based Business International Corporation, which offers research, counselling and management education for multinational corporations. Its Asian headquarters in HongkongReuter - 163 words
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630 1978-09-21 1 JOHN LIM - By JOHN LIM SING/SPORE'S exports of electronic goods under the Generalised System of Preferences (OSP) had, up to last year, increased more than 40 times since 1971. The rise in exports of these products under OSP schemes may be due to two factors. Firstly,630 words
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Article110 1978-09-21 1 AFP JAPANESE synthetic fibre manufacturers have decided to file a complaint soon against the alleged dumping of acrylic staple, chiefly by Taiwanese and American companies, Tokyo Industry sources said yesterday. The decision to file a complaint with Finance Minister Tatsuo Murayama came when the presidents of nine majorAFP - 110 words
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303 1978-09-21 1 MALAYSIAN Deputy Prime Minister Dr. Mahathir Mohamed, with a delegation of local and American businessmen, leaves Kuala Lumpur today for the US on 20-day trip to promote joint venture industrial projects in Malaysia. Dr. Mahathir, who is also Trade and Industry Minister,303 words
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319 1978-09-21 1 SINGAPORE'S first investment projects in Bangladesh have been agreed to in principle. Now all that is left is for the parties concerned to put pen to paper to make it official. Sources say the Bangladesh Minister of Industry, Mr. J. Ahmad met representatives from two319 words
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Article184 1978-09-21 1 SINGAPORE is ready to cooperate with Bangladesh in every way, and the recent exchanges of visits by trade and industrial missions will lead to an increase in twoway trade. "Through modest but practical steps, I am confident our relations will progress and build up economic184 words
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Page 1 Advertisements
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Advertisement117 1978-09-21 1 AMOKT nSnNGOSHED Qffi! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer erf varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension and extensive padding for117 words
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Advertisement75 1978-09-21 1 Leader Page 6 SHIPPING TIMES NEWCOMERS alarm timber aipwUn PEOPLE in bnstness US baaks accawd of dollarprofiteering OMAN yards tend oat SOS MALAYSIA'S control bank governor speaks his mind LETTER frsn Latin Amsrioa 7 SPPL bits Um acquisition trail 11 SHAREHOLDER writes to the Editor 11 ARGENTINA eyas Singapore I75 words
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Advertisement346 1978-09-21 1 AKAI AUDIO COMBINED SYSTEM S23Q Nowadays we can 't think of a better way to present a quality sound system than the Pro I. The audio experts at the Akai laboratory stuatos in Japan have selected five top components and neatly fitted them into a upright shelf that's truly space346 words
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TRADE AND INDUSTRY
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Article335 1978-09-21 2 WANG LOOK KEAH - »y WANG LOOK KEAH TWENTY new companies are still keen to enter the timber export business despite Its sluggish recovery. The Singapore Timber Industry Board will be issuing licences to all these companies after their applications were approved at the beginning of this month, said a335 words
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Article214 1978-09-21 2 A MONTH LONG Construction Safety ana Health Campaign will be launched by the Minister for Labour Ong Pang Boon tomorrow at the Bukit Tlmah Plaza worksite. The aim of the campaign is to remind workers and supervisors of the hazards in the construction industry and the214 words
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Article, Illustration163 1978-09-21 2 THE JACK Chia-MPH Group announces the following executive appointments: MR. WEE Hock Ho, corporate assistant to the chairman. Mr Wee, 32, is a Londontrained chartered accountant. Mr Peter Yap, corporate assistant to the chairman. Mr Yap, 31 graduated from the University of Singapore In 1970 and was*163 words
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722 1978-09-21 2 CHARLES CHAN - By CHARLES CHAN SUBSTANTIAL improvement in the performance of the Industrial sector In Malaysia during the first seven months of the year clearly bears out the government's contention that the Industrial Coordination Act has not deterred foreign or domestic investment. While there Is722 words
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Article, Illustration579 1978-09-21 2 TO COMMEMORATE the 1980 Olympic Oames In Moscow, an extremely limited issue of solid silver, fine sold and pure platinum proof quailty coins will be oUnt«<j And gffefed to collectors around the world and in Singapore this month. The coins will be struck at579 words
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210 1978-09-21 2 COMPUTER Processing Services, a subsidiary of Straits Steamship, Is offering a financial-reporting system to Its clients. A new service, It Is offered in two parts standard monthly reports and analysis. The first Is simply preparing profit and loss statements, balance sheets, account relationship,210 words
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Article129 1978-09-21 2 SINGPORT, the team from the Port of Singapore Authority, won the beat performance award at the end of the ae ml-finals Of the eight National Management Game. After three highly competitive rounds played over three-and-a-half months, five teams qualified for the finals on Saturday. PSA topped the129 words
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540 1978-09-21 2 THE six key officers who make up Malaysia's Federal Industrial Development Authority's Central Unit will be responsible for not only providing efficient service to a potential Investor who comes to them for help but also, as far as possible, for helping the540 words
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Article287 1978-09-21 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt Information system (MIS), SIM, SIM Sept 5-21: Compensation and fringe benefits, Holiday T .n, P.O.D. S it 11-22: Personnal Development Programme, Hilton, SIDO/ Consulasla Sept 18 22: Introduction to marine Insurance SITC, srrc. Sept 19-31: Leadership287 words
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Page 2 Advertisements
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Advertisement112 1978-09-21 2 Fully furnished Dtethelm Furnishings bring out the best in you and your home. Specially selected fresh and lively fabrics. Beautiful florals and ingenious abstracts. Wall coverings that wake up walls with the luxury of natural materials and fibres blended into beautiful patterns and colours. Upholstery in shades and unusual textures112 words
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Page 2 Miscellaneous
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Miscellaneous566 1978-09-21 2 I 11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Fixed in a zigzag line? (0) 7 Like an obsolete letter "8"? (3. 2, 3) 8 Low place to get a bite while stripping? (4) 10 Wood source of vestas (6) 11 Artistic little play (0) 14 Railway timetable extract (3) 18 Helen?566 words
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OVERSEAS
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870 1978-09-21 3 Reuter THE US Senate banking subcommittee on International finance was asked to investigate allegations that US banks have driven down the dollar for profit. Disclosing this, Senator John Hetnz, a member of the panel, cited news stories that major US banks ailed gedlyReuter - 870 words
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Article, Illustration451 1978-09-21 3 UPI THE SOVIET Union is aiming at increased grain production to free itself from dependence on Imports. T he: 11th five-year plan for 1981 to 1985 calls for an average yearly grain harvest of 238 million to 243 million tonnes and meat production rising to 19.5 millionUPI - 451 words
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Article208 1978-09-21 3 Reuter THE FRENCH government's economic report to Parliament makes clear that the policy underlying Prime Minister Raymond Barre's economic plan will be maintained. The report, which accompanies the draft Finance Bill, stated the re-esta-blishment of external trade and payments equilibrium and the deceleration of priceReuter - 208 words
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WORLD IN BRIEF
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Article511 1978-09-21 3 Agencies ECONOMIST Beryl Sprinkel of the US expects significant increases in short and long-term Interest rates. Mr. Sprinkel. executive Vice-president of Harris Trust and Savings Bank, said his economic model Indicates the prime rate will reach a peak of 10- v» per cent in next year's secondAgencies - 511 words
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222 1978-09-21 3 AP FOREIGN ministers of the nine Common Market countries agreed on Tuesday to a two-month extension of their surveillance system established to ensure that minimum prices for some steels produced by the nine countries are not undercut by imports at lower prices.AP - 222 words
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263 1978-09-21 3 Reuter THE Conference Board in Canada said the likely success of the Bank of Canada's policy of increasing domestic interest rates to counter pressure on the Canadian dollar Is debatable. Despite four bank rata increases since February, from 7.5 per cent in February toReuter - 263 words
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Article, Illustration1230 1978-09-21 3 OPPOSITION FROM LABOUR NYT RISINU opposition to wageprice guidelines in the US by both organised labour and business has led the Carter Administration to postpone the introduclon of a more rigorous antl-inflatlon programme and perhaps shelve the guidelines altogether. Fresh from the success ofNYT - 1,230 words
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Article92 1978-09-21 3 Reuter UNIT labour coats in the US have returned trends favouring the US over other nations, and in the long run are likely to strengthen America's competitive position, according to Citibank NA. The hank, in its monthly Economic Letter, reported that the general trend since 1970 towards favourableReuter - 92 words
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Page 3 Advertisements
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Advertisement322 1978-09-21 3 Pakistan International Airlines has the best connections to the Middle East. Every Tuesday and Thursday, Pakistan International will jet you to Karachi. Then regular connections on to Abu Dhabi, Amman, Baghdad, Bahrain, Cairo, Damascus, Dhahran, Doha, Dubai, Jeddah, Kuwait, Muscat, Tehran, Tripoli and Zahedan. Ours is a continuing success story322 words
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RAW MATERIALS
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Article440 1978-09-21 4 THE Singapore market closed yesterday firmer with October One RSS buyer quoted at 252.75 cents/kilo, up 3.25 cents. Opening prices were marked up 1.25 cents following news of China's overnight acceptances of RSS One, Two and Three from Singapore and Malaysia coupled with a Washington report440 words
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Article334 1978-09-21 4 HAS prices In cents p*r kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R S S. prompt f.o.b. Int 1 R S S Oct Int 1 R S.S. Nov 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. Buyers334 words
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Article31 1978-09-21 4 Rubber: Sept 20 Singapore: Oct 252.75 cent* (up 3.25 cents) Malaysia: Oct 257.75 cent* (up 3.25 cents) Tin: M 51,905 (down $5) Official offering: 140 tonnes (up 20 tonnes)31 words
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Article446 1978-09-21 4 THE Singapore produce market was quiet yesterday. Coffee prices eased as local dealers became apprehensive when they received no news from the meeting of the International Coffee Organisation now going on In London. However, notional quotes from the Singapore Chinese Produce Exchange showed no change In prices from446 words
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Article117 1978-09-21 4 SUGAR closed yesterday about 0.10 US cents higher In moderately active trading, with 22 lots traded. Commission house profittaking at 8.80 cents In March delivery restricted any further advance, they said. Sugar future* closing price*: Claf PmCIH Oct 8.16/18 8.15/17 Jan 8 80/65 8.55/57 Meh 8.77/78 8.68/70 May117 words
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Article107 1978-09-21 4 NOON SSR and SMR prices yesterday: HAS ucumt IChm Mtfc) Buyers Sellers Ne* (farw whT tH Mtk) s Sellers IhiIi par kg) (east ft kf) SSR 20 (1-ton pallet) 223.00 225 00N 224 00 228.00N SSR 50 (1 -ton pallet) 221.00 223.00N 222.00 224 00N MRBLB: SMR5CV107 words
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Article198 1978-09-21 4 YARN and cotton In Hongkong dollars, spot exgodown: Cotton Yarn China: Blue Phoenix 20 s 1 860 32 s 2.800. 40 s 2.700. (per bale of 400 lbs.) Piece Goods China: Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese198 words
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Article85 1978-09-21 4 C I F North European ports In US dollar* per ton unleas I LONDON >therwiae stated Taniay Previous Malaysia 5% ffa bulk per tonne November Sumatra 5% ffa September October November December January Nigeria b% ffa bulk stf unch 600 sir 870 sir <e»slr 62Sslr/S22vt/ 625/820 pd 82S85 words
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Article370 1978-09-21 4 FUTURES closed £2 to £2.70 per Tonne down In a turnover of 286 lots on Tuesday. The market moved lower in the afternoon under local selling, profit-taking and long liquidation prompted by an easing In New York. Some sources thought the market was rather tired after its continued failure370 words
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Article256 1978-09-21 4 ROBUSTA terminal opened £33 to £10 per tonne down. The market opened lower under local telling and long liquidation yesterday. Dealers said some confusion was caused by a Usda report that warm rainy weather in Brazil had repaired recent frost damage. The Usda later described the report as incorrect256 words
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Article98 1978-09-21 4 CHICAGO soybean futures recovered on Tuesday from a sharp tumble around noon to end 9-1/4 to five cents a bushel higher. Weather reigned over the trade, which was supported both by forecasts of rains later this week and by talk of cold weather and possible frost In isolated sections98 words
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Article216 1978-09-21 4 THE Straits tin price In Penang dropped Mss per picul to $1,905 yesterday. Tin contribution remained low and further general buying meant the market only eased marginally following London weakness. Turnover rose slightly to 140 tonnes from 120 tonnes, with 10 per cent rationing reported. Tin closed yesterday216 words
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Article66 1978-09-21 4 LEAD was around £1.75 per tonne down for cash and C 2.25 lower for Three Months on Tuesday. Prices steadied slightly after lunch under modest buying prompted by the earlier lower levels although prices fell back again on the kerb with Three Months finishing at £361.5, a fall of66 words
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Article39 1978-09-21 4 ZINC showed losses of £2.25 per tonne on Tuesday for cash and £2.50 for Three Months on the day. This market also steadied after lunch from lower morning levels in sympathy with lead although trading remained very quiet.39 words
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Article197 1978-09-21 4 BANGKOK rice prices yesterday: BANOKOK rice In U8 dlrs per tonne fob basis BANOKOK: WUto Uaa: 100 pet Ist class 402. 100 P:t 2nd class 387,100 pet 3rd class 382. pet 377. 10 pet 352. 15 pet 347. 20 pet 342. 25 pet 332 35 pet unq Brafcoa: A-l197 words
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Article225 1978-09-21 4 Futures closed £53 to COO down after an extended final call on a turnover of 6582 lots which included 3299 lots self traded on Tuesday. The afternoon market traded limit down in near Dec under Increasing commission house liquidation on what appeared to be an overbought market, dealers said.225 words
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Article96 1978-09-21 4 CHICAOO wheat futures rebounded on Thursday from a noon sell-Qff to finish three to 1-1/4 cents a bushel higher, just below the dav's best After holding slightly higher through the morning, prices slid Into the loss column at midday when soybean prices plummeted The market rallied near the close96 words
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Article345 1978-09-21 4 COPPER wire bars on Tuesday closed mostly £7 per tonne down in London. The afternoon market was steady, quiet and featureless with the turnover of 8,575 tonnes mainly carries. Morning price* were marked down following the news that Southern Peru Copper Corporation had rescinded the fnrce majeure at its345 words
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Article192 1978-09-21 4 SILVER closed 1.0 to 0.9 pence per troy ounce up on Tuesday In London. Afternoon values hardened under modest buying prompted by the trend in gold, dealers said. The morning market ruled steady with higher gold the main supporting influence. At midday, silver closed with losses of 0.1 to192 words
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Article551 1978-09-21 4 THE kllobar In Singapore opened at 5515,415 and closed at 8115,418 yeeterhighest and lowest of the day were $15,426 and $15,379 respectively. The market remained quiet. Spot gold for London delivery opened at U*****.60/ 212.50 and closed very bulllshly at U*****.70/213.10. The highest and lowest of the day were551 words
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MONEY AND EXCHANGES
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Article590 1978-09-21 4 FOLLOWING Saudi Arabia and Jordan's rejection of the Camp David accord, the US dollar plunged on the foreign exchange market yesterday. Cautious trading of the previous day turned into active selling yesterday and the dollar closed weaker against major currencies on the foreign exchange market. Against the yen,590 words
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Article195 1978-09-21 4 Asian rates ASIAN currency deposit Interbank rates as at doae on Sept SO: US Dal Offer lan(fl»at) BM 7 days 1 mth 2 mths 3 mth* Omths 9 mths 12 mths 0/10 3/0 15/16 1/4 07/10 01/3 01/2 8n. Fr* iWMt 7/16 1/4 13/16 i/a 9 5/16 0 3/0 3/0195 words
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Article49 1978-09-21 4 Euro rates LONDON Eurodollar deposit* openThiin/Trl M-IVM. 94-U/lf Weekend S-1/IS, >-!/»• Call two day» unquoted Seven day* fix and notice S-S/M, 7 AS One mth Hfc. Two mU» S-IS/IS. S-IS/U Three and row mtlw IV Fire mtlw »V Hi mlhi t-T/IS. »-5/ l« Nine mtlu and One ymi »W. tH49 words
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Article37 1978-09-21 4 RANOE of price* offered by discount houaee on Sept 30: Overnight I JS% Call depoaita 3S% Oa^ 3-month Treasury bUla J»/l« 37/l« J-month 3-month CD «1S/U 611/1* 8-month CD 7 17/1 Ssiss: NaUsaal M— Ca. LU.37 words
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Article22 1978-09-21 4 THE Monetary Authority of Singapore Invites tenders for $£s million of 91-day Treasury bills. Tenders will cloee on Sept 22.22 words
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Article191 1978-09-21 4 THE dollar encountered fresh selling pressure at the opening of London trading yesterday, losing over one pfennig against overnight mark levels and more than two centimes in Swiss franc terms. In active trading the dollar fell to around a 1.9600 mark mldpolnrt from 1.9730/45 overnight and to 1.5440 Swiss191 words
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Article21 1978-09-21 4 THE average rate at which Singapore hanks are currently prepared to lend to their beet customers is 7.25 per cent.21 words
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Article259 1978-09-21 4 THE dollar on Tuesday closed weaker on the day after declining In late trading on news Saudi Arabia and Jordan rejected the agreements reached at the Camp David summit, dealers said. Theysald there was generalised selling of the dollar prior to Europe's close In the morning, but the259 words
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Article102 1978-09-21 4 THE dollar for overnight delivery closed at 190.05 yen yesterday, slightly up from a 190.00 opening. The dollar steadied in light late trading after some fluctuation on sustained Import covering by Japanese traders following initial weakness, dealers said. The initial fall, which sent the rate down to 189.65 yen102 words
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Article195 1978-09-21 4 THE US dollar was quoted little changed In late trading from overnight U8 levels after ruling easier for most of the day, dealers said. Uncertainty over Middle East developments Induced nervousness throughout the session, and only European Interest near the close helped the dollar rally in fairly active trading.195 words
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Article60 1978-09-21 4 ZURICH eschangs* closing quota* an Tussday: US 1 SO7S-3000 SIC 3 070S-0003 Can 1.3300-3007 D Mk 70 4078-0043 O rt 73.1171-2230 r FT 3S BSSO-7007 B Ft 5 0434-0031 td kr 20 0287-0007 w Kr am« wii S Kr 30.4435-4077 Ut 0 IM7-IMS AUS Ch 10.0000-11.0047 Port 3 4373-433160 words
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Article52 1978-09-21 4 AUSTRALIA/NZ eachanges quote! "StilS, 1 ISO 3 Sterling 0 SOO2/0.5038 Ninety-day atr mall buying rates: Sterling ***** US dire l.ltTl Ninety-day forward buying rates Sterling 0 .0100 US din O SOSI NEW ZEALAND Sterling 0.540V0.537S US dlr 1 OOWI 0010 Ninety-day airmail buymc rates Sterling 0.3002 US dlr 152 words
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Page 4 Advertisements
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Advertisement220 1978-09-21 4 GERMAN BOOK EXHIBITION 2,500 Titles in German English See: The Tiniest Book ever printed! Also: Film Show! Slide Presentation! Paintings! Photographic Display! Seminar by German Expert on Book Designing. Victorra Memorial Hall 1 sth 25th September 1 978 1 1.00 am 7.00 pm Organised by h e Publishers h. Booksellers220 words
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TRANSPORT
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619 1978-09-21 5 THE West German shipbuilding Industry has urged the government to pay 500 million marks (SSS7O million) in subsidies for< ships built In German yards. Heinz Ache, chairman of the West German Shipbuilders Federation said In a report that the industry needs the money for the619 words
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Article, Illustration129 1978-09-21 5 THIS IS Vostochny Port container terminal, a fully-automated terminal to serve the Soviet Far East. Construction of the port started in 1970 and three years later Vostochny received its first ship. The port's capacity will eventually be three times that of Nakhodka port,129 words
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Article, Illustration403 1978-09-21 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ajana (1700 after Nedlloyd Van Diemen) 3/4 Centaur (1330 after Tysla shifts) 1/2 Dobrogea (1000 after Golden Bear) 46 Golden Season (0530 after Meikl) 45 King Tower (0600 23 Maritime Shaun (1300 after Kapitan Vislobokov) 15/16 Nlaga V (0700 after Kota Blntang)403 words
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330 1978-09-21 5 BRAZIL'S MAJOR airline, Varig, will decide by November whether It will purchase new Douglas DC10s, Boeing 747s or Lockheed Tri-Stars to expand its present fleet of 51 aircraft. Currently, Varig operates 16 Boeing 7075, 10 7375, nine 7275, 12 Lockheed Electras (on the330 words
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Article192 1978-09-21 5 UPI NORTH American grain was the focal point of market activity and served to demonstrate the sustained strength of freight rates partially created by a shortage of suitable bulk carrier tonnage. US Gulf grain chartering included the firmer figure of US$7.4O (SSI7) (FIO) for the 55,000-tonne Welsh CityUPI - 192 words
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Article63 1978-09-21 5 AP THE LARGEST drydock on the west coast of the US Is scheduled to arrive In Portland on Friday. The drydock, the thirdlargest In the world, la 75 metres wide and has a lift capacity of 81,000 tonnes. It cost approximately U8517.5 million (5540.25 million) and wasAP - 63 words
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158 1978-09-21 5 AFP FOLLOWING a continuing improvement in oil tanker rate*, the recent reduction in laid-up tankerage was extended during the pa* four weeks ending Sept. 15, according to the E.A. Gibson, the Londonbased shipbrokers. It is estimated that 42.17 million dwt were laid up at thatAFP - 158 words
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Article, Illustration301 1978-09-21 5 SINGAPORE Slipway and Engineering passes another milestone In the shipbuilding industry with Its construction of 12 minibulk carriers for a Norwegian shipping company. The order, worth some $100 million, for the 12 vessels which incorporate the most sophisticated design of "toiriorrow's small301 words
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Article113 1978-09-21 5 THE FAR Eastern Freight Conference (FEFC) announced yesterday a concession rate for certain textiles and electrical goods. Its member lines have decided that with effect from yesterday and for a period of six months, the tariff base rates for all textile "piece goods and manufactured articles" and113 words
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Article680 1978-09-21 5 ARRIVALS Operator Number Km Flu SIA SQ101 0900 KUL MAS MH607 0900 KUL MAS MH621 0920 PEN MAS MH671 0945 PEN/KUL CPA CX7M) 1005 HLP RBA BI323 1025 BWN OLA GA980 1030 HLP MAS MH605 1045 KUL SIA SQ103 1045 KUL SIA SQ209 1045 HLP GIA OA944680 words
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Article216 1978-09-21 5 THE US and the USSR have agreed to raise to U5518.25 (SS42) per long ton from $16 the rate for shipping US agricultural commodities, mainly grain, to Russia, the US Maritime Administration said. The agreement concludes negotiations began last Jujy in Moscow between assistant Secretary for Maritime216 words
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Page 5 Advertisements
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Advertisement17 1978-09-21 5 =ANDREA= NEWMAN in Penguins epp mmS PMfUins is currently is Ml low with his m BiiliSfea3iiriililili)iiilHli m17 words
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Article381 1978-09-21 6 ANY OBSERVER of the money market must Inevitably be reminded of that horrendous time about five years ago when skyrocketing Interest rates, combined with multiple Increases In the price of oil, brought about the greatest recession in post-war history. Those were bleak times when the economic381 words
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Article263 1978-09-21 6 SINGAPORE'S early efforts to establish the electronics Industry here seems to have paid off at last. This Is hardly the time, of course, for self-congratulation. But it may be safe to say that the local electronics Industry Is well on Its way to further development the Initial263 words
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Article, Illustration2210 1978-09-21 6 Tas Sri Ismail Ali, Malaysia's central bank governor, talks on a wide variety of subjects in this special interview with Malaysian Business Times on inflation, foreign investment, a commodity exchange and banking. QUESTION: The international economic environment warrants little optimism about2,210 words
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Page 6 Advertisements
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Advertisement238 1978-09-21 6 The best place to wine and dine in the worlds fourth largest harbour •v SKfci/ A I r^i 'i DflLVflMUStf TfiffnscinflTions Indonesian set lunch daily for lovers of spicy food and our speciality IK AN MAS. Try our most-talked about air-flown steaks for gourmets. A special International Buffet from 12238 words
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Page 6 Miscellaneous
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Miscellaneous66 1978-09-21 6 IWEAT HER OUTLOOK for Singapore from 6 a.m. to noon today: Scattered showers in the early morning. Report for 24 hour* prior to 7.30 pm on Sept. 20 at the airport: Maximum Temperature 32.2° C Associated Humidity 68 Minimum Temperature 23.2° C Associated Humidity 94 Hours of Sunshine 4.70 Rainfall66 words
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Miscellaneous263 1978-09-21 6 giaWMBHW SINGAPORE 5 3.00 PM Opening announcements followed by Star Performance Night Ride 3.30 Diary Of Events (Chinese)* 3.35 Home Sweet Home with English subtitles (Repeat)" 4.20 Intermission 6.05 Opening announcements followed by What's My Line 6.30 News in Brief" 6.35 The Struggle For Survival (MalayRepeat) 7.00 Samudra" 7.30 News263 words
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Article, Illustration1243 1978-09-21 7 John Tan - bv^ John Tan IF THERE Is any place at all on this earth that can prove the old belief that hardship and deprivation lead to enormous fortitude In the human spirit, that place must be Peru. Peruvians, who number about 16 million now, can1,243 words
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Article, Illustration252 1978-09-21 7 .7* SACRED image fished from the murky depths of a Tlver in Central Thailand proved to be extremely unlucky for the local The image "conveyed to devotees the jjumbers "074". The -villagers rushed off to back 4he numbers In an Illegal lottery, and won. But there252 words
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Article633 1978-09-21 7 HUGH O'SHAUGHNESSY - FOBUMlfe, on development •y HUGH O'SHAUGHNESSY THERE Is a long way to go before £lma sinks to the level of starving poverty of Calcutta but with every day that passes the capital of Peru takes on more of the attributes of the capital of Bengal.633 words
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473 1978-09-21 7 A.L, ANG - Letters to the Editor A.L, ANG YOUR report "UOI share applicant seeks legal advice" (Business Times Sept 12) prompted me to comment on the recently introduced practice when applicants were allowed to use personal cheques to pay for their shares. Why this practice is473 words
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Article388 1978-09-21 7 CHAN YIN MENG - CHAN YIN MENG THE INVESTORS are proud of the fact that the SEB took the initiative of imposing a 20 per cent margin in big board and —>—> contract* to dampen and curb excessive speculation and to create an orderly and healthy market. The BES may also be388 words
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Page 7 Advertisements
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Advertisement356 1978-09-21 7 »w* .i, 4 i Si fc H s. l 'ji lM h i v > m f JL New Japanese Restaurant KIKU^I serving authentic Japanese food I ak. *^3' Yakki *~lempiira Shashinn *Sukivaki *ShalxiShalxi KIKU JAPANESE RESTAURANT ORCHID INN T e i *****2 214 Dunearn Road Singapore 11 Now, at356 words
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Page 7 Miscellaneous
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Miscellaneous20 1978-09-21 7 Dickens U)eLL DONE>fes FuDGe—"Ti-te iTe.ms a weße OeLivegeo mis rnofcmrJG.. J ntotse." PRBise w LRSjr.'f/.' nears sf^rr W TvC. U*LD£S*LSS.....20 words
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INTERNATIONAL STOCK MARKETS
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Article1698 1978-09-21 8 September 19 f .'.QHICAGO Board Options Exchange volume slipped to #,143,294 contracts from 179,332 on Monday. OPTIONS OCT JAN APL STOCK Alcoa 4E Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Axon A*on-P Avon Avon-P Avon Avon-P -i' Bank Am ijit Bank Am Am1,698 words
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Article347 1978-09-21 8 EUROPEAN MARKETS FRANKrURT share price* closed generally lower In relatively quiet trading on Tuesday. Bourse sources said losses were most marked In motors and banks, where BMW and Dalmlet shed 1.90 and 1.50 marks respectively in motors. Bayerlsche Verelnsbank and Commerzbank eased 2.50 and 1.40 marks each In347 words
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Article196 1978-09-21 8 SEPT It Dm Aef-Telefunken 85 20 1.9 Akzo 30.50 -0.4 Allz Leben 725 10 Allz Vers 516 -1 BASF 140 ♦0.4 Bay H T Wbank 292 50Bunch Bay Vb&nk 335 -2.5 Bayer 142.40 ♦0.4 BBC 2M SOB 1 BMW 230.10 -1.9 Cassella 415 ♦4 Chem Verw 293 ♦7 Commerzbank196 words
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Article77 1978-09-21 8 SEPT l» Lire Ante Ill -5 Assoc G«n ***** 1650 Bastogl 694 -36 Centrale 5610 275 Flat 2984 323 Flnslder 216 50 +7.5 Gen Immob 93 25 +0.25 IF1 Prl 3051 261 Italeementl ***** 1150 Italgas 830 12 Italslder 459 10.5 Magnetl M Pf 570 20 Marellt Ere 34577 words
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Article184 1978-09-21 8 SEPT U Francs Action* Suisse* 268 unch Alusulsse Br 1060 -15 Alusulsse Reg. «n -4 Brown Boverl Br 1570 -10 Ciba Oelgy Br 935 -25 Clba Oelgy PC 720 unch ClbaGelgyReg M4 -1 Credit Suisse Br 2255 -15 Credit Suisse Ret 433 -4 Elektrowatt Br 1910 -15 Oeorge Fischer184 words
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Article214 1978-09-21 8 SEPT I* Pis ABN 390 50 ♦0.5 Ahold ***** +0.2 Akaj 33 10 -0 6 AMEV 93 20 ♦0.2 Am (as ***** +0.3 Amrot Bank 84 40 -0.4 Bergoss w 65 50 .-1.1 Berk 96 00 -1.5 Bols 76.50 -0.3 Borsumij 166 00 -4.5 Burhmann 74 40 +0.2 Byenkorf214 words
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Article91 1978-09-21 8 SEPT It Fr* FORWARD MARKET Acec 442 -8 Arbed 2500 +15 Astur 786 +6 Brascan 482 -8 Bru-Lamb 1820 -5 Canpac 640 10 Cock 480 -7 De Bern 236 -2 Ebes 2310 -S Electro t*l 6860 10 CJt>-Inno-Bm 2370 -20 Oev 1500 unch Hobok 2770 -10 Petro 3870 -IS91 words
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Article274 1978-09-21 8 SEPT I* FT* CORBEILLE Alr-Llqulde 346 •1 B S N Gervals Danone 522 •10 C8F (Thomson+0.i Csl) 330.10 Cle Francalse des Petroies 127.ao -0.3 Compagnle Flnanclere Compagnle Generate Mi unch Credit Fonder De France 385 50 unch Hachette (Llbrairle) 255 unch Machines Bull 55 80 1.85 Michel In IB)274 words
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Article320 1978-09-21 8 SEPT 1» Rand INDUSTRIALS A Alpha 120 -I Abercom 193 -7 AE And CI 333 ♦3 AMIC 1030B Barlows 432 unch Cg Sugar CNA 525 200B unch ♦5 Currle Finance 90 -2 De Beers Ind 1250B unch Edcon 278 -2 Edgars 3235 Eve ready 200 B Fed Volk 200320 words
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Article161 1978-09-21 8 SEPT It CI Abitibi 11% Alcaft Wk Al(oma 34 Bank Mont 23V, Bank Nova Scotia 21% BeiiTel •1 Beth Corp BP Can Ltd 1«% Brascan its Camp Red Lake 45 Can Imp Bk 2t% Canpac 23% Canpac In* Pf It Carting O'Kecfe 4% Comlnco 30S unch Con* Bath 33%161 words
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Article584 1978-09-21 8 TOKYO Source: DBS-Daiwa THE market continued bearish yesterday. The Nikkei Dow-Jones average declined sharply, following sharp losses of forerunning Issues and blue chips. Turnover was also light, since investors sat on the sidelines. In the morning session, stocks in general were Inactive and lower, although Incen-tive-backed IssuesSource: DBS-Daiwa - 584 words
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Article306 1978-09-21 8 Source: SHK Sec FOLLOWING Tuesday night's strong recovery, the market Improved again yesterday, buoyed by Institutional, overseas and local speculative demand. Hang Seng Index: 042.57 -18.81 Turnover: HKS222.79 million SEPT HKS Amal Rubber 2 40B Associated Hotels 3.50 0 125 Bowaters Cheong Kong China Engs 13.00 3 10B 1Source: SHK Sec - 306 words
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Article224 1978-09-21 8 SEPT 2t Cents INDUSTRIALS A.C.I. A N.I. A P M Ampol Pet B H P US +2 Bank NSW r 820 +40 Bora! Brambles C B A Coal Allied 308 -B Dunlop 149 +2 Herald 268 unch Hooker 82 -I I.C.I 232 ♦2 Lend Lease 290 10 Myer 160224 words
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Article107 1978-09-21 8 Sf3T 20 Pesos Aco)e Mining .0106 unch Atlas Con. A Atlas Con. B 22 90 -0 3 Bagulo Gold 0135 +0 OOOf Benguet Con B BF Goodrich 37 50 unch 23 50 unch CDCP 30 00 +0.5 IncoB Landoll 017 -0 0005 Le panto B 26 -0.005 Mannduque B107 words
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Article225 1978-09-21 8 Sept 20 Baht 47Bangkok Bank 370 unch Bank of Ayudhaya Ltd 264 +4 Thai Danu 390 Thai Farmers Bank 354 +2 Thai Commercial Bank 70# +6 Bangkok Metropolitan Bank Industrial Finance Corp. Oeneral Finance Bangkok Investment First Trust Raja Finance Lee Kwang Ming Trust Thai Insurance Safety Insurance Jalaprathan225 words
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Article66 1978-09-21 8 FINANCIAL TIMES INDUSTRIALS Tuesday 525.2 Monday 530.8 Week Ago v 526 4 DOW JONES AVERAGE INDUSTRIALS Tuesday 861.57 Monday 870.15 Week Ago 906 44 LONDON DOLLAR PREMIUM Tuesday 92% to 93^-. Monday 95 W to 96 H.K. HANG SENG Wednesday 642.57 Tuesday 623.76 Week Ago 676.27 SYDNEY INDUSTRIALS66 words
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Article848 1978-09-21 8 NEW YORK PERSISTENT interest rate worries pushed stocks broadly lower for a sixth session in moderately active trading on Tuesday. Analysts noted that the market paid little notice to a narrowing of the US second quarter current account deficit or to a victory for the natural gas848 words
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Page 8 Advertisements
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Advertisement224 1978-09-21 8 MALAYAN BANKING BERHAD (Incorporated in Malaysia) RESULTS FOR THE TWELVE MONTHS ENDED JUNE 30,1978 The Directors are pleased to announce that the audited results of the Bank and of the Group for the twelve months ended June 30, 1978 were as follows: The Bank The Group 1978 1977 1978 1977224 words
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INTERNATIONAL COMPANY NEWS
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Article105 1978-09-21 9 Reuter UNITED Technologies Corp said it Invited Carrier Corp's management to begin "Immediate negotiations" to merge the two companies. United said It would accompllsh the merger through a tax-free exchange of securities. It said as an alternative, its board also authorised management to make aReuter - 105 words
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91 1978-09-21 9 Reuter INTERNATIONAL Telephone and Telegraph Corp (ITT) said its major British company, Standard Telephones and Cables, received a US$2B.3 million order to manufacture an undersea telecommunications cable system between Britain and Scandinavia. ITT said that when It enters service In 1980, the 292Reuter - 91 words
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756 1978-09-21 9 N.AMERICAN PIRATING OF designs Is something to which textiles have always been prone. But while it Is often merely a nuisance, it can sometimes be sufficiently serious to make the big international organisations which now control much of the textile Industry hit756 words
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250 1978-09-21 9 'I EUROPEAN A Reuter VOLVO has undertaken to create the necessary conditions for 3,000 to 5,000 new Jobs in Norway if Norway takes a proposed 40 per cent stake in it, Mr. Odvar Nordli, the Norwegian Prime Minister said. The Job creation wouldReuter - 250 words
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Article202 1978-09-21 9 THE FRENCH statecontrolled Elf-Aquitaine oil group has reported a drop In its first-half profit this year, after quadrupling its provisions for losses in refining and in Its nlckelmlnlng interests. Provisional profit figures to the end of June were FFr 540 million after tax, depreciation and set-asides against losses,202 words
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184 1978-09-21 9 Reuter GUEST Keen and Nettlefolds Ltd (GKN) has announced a pre-tax profit of £42 million (£40.8 million) for the six months ended June 30. Turnover came to £899.6 million (£846.7 million). Profit was after depreciation £21 million (£lB.l million) and an additionalReuter - 184 words
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342 1978-09-21 9 THE PRUDENTIAL Assurance Co Ltd said the fall in its first half trading profit on general business to C 7.8 million from t'12.9 million was due to unsatisfactory underwriting experience In the UK domestic account. Much of the difficulties result from substantial underinsurance of risks342 words
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Article61 1978-09-21 9 Reuter BAYER AG subsidiary. Metzeler AG, said it will close its car tyre manufacturing plant in Munich by the middle of next year. The firm, Intopgbloo, make only motor cycle and bicycle tyres. The decision was made following losses In the tyre business of more than 180Reuter - 61 words
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262 1978-09-21 9 r BONDS LOANS Reuter THE FORTHCOMING 60 million franc Zurich bond issue will bear a coupon of 3.25 per cent and not 3 per cent as predicted earlier by many bond market bankers. Other conditions of the bond, which were definitively set onReuter - 262 words
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Article55 1978-09-21 9 AFP THE JAPANESE comEany, Stanley Electric Co td, has signed a contract with the Dresdner Bank for a convertible loan of 40 million marks. The loan is repayable In seven years and bears an annual Interest rate of 3.5 per cent. The security was Issued at 100 perAFP - 55 words
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Article62 1978-09-21 9 BANQUE OENERALE Du Luxembourg SA said It will issue a 500 million Luxembourg franc maximum 12year 8 per cent subordinated loan at 100.50 per cent. The bonds will be open for public subscription from Sept 18 to 25 and the issue will be listed on the Luxembourg62 words
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Article27 1978-09-21 9 Reuter THE HOSPITAL Overseas Capital NV US$25 million 9 per cent bond due 1983 was priced at par, lead manager Salomon Brothers International Ltd saidReuter - 27 words
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Article39 1978-09-21 9 Reuter SANWA BANK Is raising US$2O million of three-year floating rate certificates of deposit with a spread of 1/4 fier cent above London nterbank offered rates, Chemical Bank International Ltd said as sole lead manager. ReuterReuter - 39 words
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Article58 1978-09-21 9 Reuter KOTOBUKIYA CO Ltd plans to make private placement of a 30 million Swiss franc convertible bond with Swiss Credit Bank in November. Securities sources said the Japanese supermarket firm has already obtained prior consent from the Japanese government on the bond issue and the loan iterm is expectedReuter - 58 words
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Article75 1978-09-21 9 Reuter JUSCO LTD said It will sign a contract In West Germany on Sept 28 to Issue an 80 million mark convertible bond due February 1986 on the Oerman capital market. The Japanese supermarket operator said the bond will be offered at par with payment to be madeReuter - 75 words
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Article66 1978-09-21 9 Reuter THE BROKEN HUI Pty Co Ltd. (BHP) said It intends to offers AsBo to $100 million debenture stock to share and debenture holders. The offer, now planned for November, will not be In proportion to holdings nor will there be any specific or transferable rights attachedReuter - 66 words
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Article32 1978-09-21 9 Reuter THE 80 million franc 3.75 per cent 15-year bond floated in Zurich at par by Bank America Overseas Finance Corp NV was heavily over-subscribed, Union Bank of Switzerland said. Reuter.Reuter - 32 words
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Article59 1978-09-21 9 Reuter THE INDUSTRIAL Bank of Japan Ltd said it will issue up to US$25 million of floating rate certificates of deposit. The three-year issue will be at a premium of 1/4 per cent above the six-month London interbank offered rate, with no minimum interest rate. IBJReuter - 59 words
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Article118 1978-09-21 9 Reuter US STEEL Corporation, the biggest American steel maker, plans to sell Its interest of around 70 per cent in Metallhuettenwerke Luebeck AG (MHL) because of the German subsidiary's heavy losses last year. A company spokesman was confirming a German newspaper report published overReuter - 118 words
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82 1978-09-21 9 Reuter F.W. WOOLWORTH Co said no meeting has been scheduled with Rockower Brothers Inc to discuss alternative proposals to terminating the storelicence agreements between the companies, but that a meeting is likely. Further details are not available. Rockower last week said Woolworth had decidedReuter - 82 words
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Article31 1978-09-21 9 Reuter INTERNATIONAL Business Machines Corp's federal systems division was awarded a US$ll9 million contract by the navy, modifying a previously awarded contract for sonar equipment, the Pentagon said.Reuter - 31 words
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237 1978-09-21 9 W 1 ASIAN FT CONSOLIDATED Press Holdings, the media group controlled by Mr. Kerry Packer, the World Series cricket entrepreneur, has Increased Its dividend, after a 19 per cent Increase In profit, from A 58.46 million to $10 million in the year to June 30.FT - 237 words
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Article149 1978-09-21 9 Reuter SWIRE PACIFIC Ltd announced an Interim dividend of 12 HK cents (10 on 'A') shares and 2.4 cents (two) on B' shares, for first half 1978. Books closed Sept 28 to Oct 12 Inclusive. The company said final 1978 dividends are likely to atReuter - 149 words
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Article30 1978-09-21 9 EASTERN Telecommunications Philippines Inc said its earnings came to 21.6 million pesos (12.2 million) for the year ending March 31, on sales of 72.5 million pesos (55.9 million).30 words
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Article147 1978-09-21 9 AP THREE Japanese companies have jointly won a U5542.7 million order from the Iraqi Ministry of Information to build a complete broadcasting centre in Baghdad. Toshiba Corporation. Japan's major general electric manufacturer, said with the order, Japanese consortium Toshiba, Mitsubishi Corooration and Pacific Consultants International willAP - 147 words
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Article97 1978-09-21 9 UPI IDEMITSU Kosan Co, JaEan's top oil refiner, said it as opened a liaison office In Sydney to collect data on energies other than oil. A company official said the new office, staffed by five employees, will gather information on coal, uranium and liquefied natural gas.UPI - 97 words
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Article86 1978-09-21 9 Reuter THE NATIONAL Pollution Control Commission has suspended its order closing down Benguet Exploration Inc and Black Mountain Inc. Chairman Mr. Oulllermo Pecache said he asked the two firms to attend a public hearing on Sept 25 to discuss their appeal and proposed pollution control measures. HeReuter - 86 words
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300 1978-09-21 9 r S.AFRICA k WHAT 18 BELIEVED to be the first legal action of its kind has arisen In Johannesburg between holders of il per cent of the preference shares of AntrloTransvaal Collieries ana the company. The dissident shareholders have made a petition to the300 words
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Page 9 Advertisements
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Advertisement264 1978-09-21 9 This announcement appears as a matter of record only. August 1978 V I MAT RAN VOIMA QMPnmfl Yen 10,000,000,000 Japanese Yen Notes due 1993 IMATRAN VOIMA. OSAKEYHTIO HELSINKI guaranteed by THE REPUBLIC OF FINLAND managed by DAIWA SECURITIES CO. LTD. THE LONG-TERM CREDIT BANK OF JAPAN LIMITED THE YASUDA TRUST264 words
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DEALS DONE ON THE SES AND KLSE
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Article1411 1978-09-21 10 BID and offer prtcea Uated and huiiniaa in and reported to Um Stock Exchang* of Inmpnrt jreeterday arttto Um number oftharea traded shown In bracket* in Ma of I.MO unita unlaaa othanrtaa specified. All Tlaa SatUamant Oontracta art quotad altar tba word "aau Bif Board daal (in iota1,411 words
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Article126 1978-09-21 10 4 3/4% 16/9/60 250.000) (99.978 100.068) S% IV4/81 (250.000) (100.108 100.208) 6 V 4% T F IWBI-84 250,000) (102.358) 7% 1/VO6 (250,000) (100.708 100.858) 7 1/4% 16/4/66 250,000) (100.75B) 7 1/4% 18/10/86 250.000) (100.75B) 7 1/4% 1/6/87 (250,000) (100.70B) 6 3/4% T P 15/7/87 250,000) (101.508) 6 1/2%126 words
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Article2459 1978-09-21 10 1*78 Hifk Low Company Last Sale +«rur Div Div Crr uri Y'ld nei P/E Vol COOO) Day High Low 8ECTION ONE INDUSTRIALS 272 238 21# V. lit 278 328 245 880 132 123* 112 133 195* 80 V» 162 173* 140* 256 Ac ma Alcorn Allied Choc2,459 words
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Article147 1978-09-21 10 SINGAPORE UNIT TBUVT INCOME BOND UNIT iMuun' pstsss tm hfl SI) (Caere* p rices) Tbe Commerce.... 2.30 2.51 INCOME BOND 1.03 1.13 The Savttif Fund 1.47 1.M 8 'port Prof Fund 1.00 l.ltad MARA BUMIPUTRA FUND S pore Security Fund IN 3.11 1—MB— prices First Bumlputra fcr Sspt147 words
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Article1771 1978-09-21 10 810 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. IMOWOTMAkS AJlwimii* (2.#68). Anm (2.158 2.185) (1) 2.18. Ban Kti C» (0.8281,771 words
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Article, Illustration753 1978-09-21 10 VOLATILE trading prevailed oa the Stock Exchange of Singapore yeetorTkemirketneMaewt that the Haag Bong ladex rHaihed 17 poiats at aoea and share prices firmed after hda| traded lower early ia the morning. Ia a market as wildly fluctuating as this, opiaieas naturally differ. The bullish brohm753 words
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Article709 1978-09-21 10 THE Kuala Lumpur stock market regained some strength and Interest yesterday with share prices recovering moderately In late trading. Support, however, was still selective, and the bulk of the Improvement was concentrated In the speculative and current market favourites. Observers felt that the slight Improvement In709 words
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COMPANY NEWS
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709 1978-09-21 11 Letter to the editor Dear Sir, I read with gratitude the comments made by Hotel Merlin Shareholder In your paper this morning (Sept 19) and must thank him for voicing his views in the Interest of minority Hotel Merlin Singapore709 words
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Article195 1978-09-21 11 MALAYSIAN Tobacco Company Bhd: ECX5M to be held at 178-3, Jalan Sungal besi, Kuala Lumpur, at 11.3C a.m. on Sept. 22. Pan Malaysia Rubber Industries Berhad: AGM to be held at The Asean Room. Holiday Inn. Jalan Plnang, Kuala Lumpur, at 10.30 a.m. oh Sept. 28. Pan Malaysia195 words
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Article39 1978-09-21 11 CITY Developments' shareholders have approved the purchase of Central Building from Ban Joo Leong at a cost of $9 million. To finance the purchase. City will issue 9 million shares at the price of $1 per share.39 words
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Article423 1978-09-21 11 Currant Ex Books Date Total for Tot«l for payment Date ck*e payable the yaar previous year Bata 6%I Aug 17 Aufc, 29 Sept 25 0% 18% Perli* Plant 12v,%I Aug 30 Sept 12 Sept 25 12%% 22%% M'wata 10% TEX b) Aug 24 Sept 6 Oct 10 10%TE423 words
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Article151 1978-09-21 11 Company Particular* Ex Date Booka Close Roth man* Bonus Issue of 1 for 4 Oct 16 Oct 26 Carlaberg Bonus Issue of 1 for 2 Oct 18 Oct 28 Temerloh Bonus issue of one for 6 Oct 6 Oct 18 Msian h mill* Bonus Issue of 1 for151 words
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262 1978-09-21 11 PAN-ELECTRIC Industries has obtained sevenyear term loans amounting to $15 million from two bankers at an interest rate of 0.75 per cent above the current prime rate. In a letter to the Stock Exchange of Singapore, Pan-Electric said a substantial part of the loans will262 words
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LATEST RESULTS
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Article54 1978-09-21 11 Unaudited pre- tax loss M 5271,000 (loss $148,000), six months ended June 30. Sales $3.87 million ($3.37 million). Company said the market for locally produced bicycles was adversely affected by high imported stocks carried over from last year and the effect of further importing during early54 words
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411 1978-09-21 11 FT THE BOARD of Saint Piran, the controversial tin mining and property group, quelled but failed to silence a shareholders? revolt staged at the AOM In London. Two dissident shareholders have been Invited to meet the board for talks. They are Mr. RobertFT - 411 words
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Article, Illustration807 1978-09-21 11 MANO SABNANI - «y MANO SABNANI SINGAPORE Paper Products has announced the details of several new acquisitions which will transform the papermaking group into something or a mini-cong-lomerate. On paper, the takeover moves seem to be designed to put the ailing company firmly back in807 words
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Page 11 Advertisements
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Advertisement96 1978-09-21 11 C K TANG LIMITED (Incorporated in the Republic of Singapore) HALF YEARLY REPORT ANNOUNCEMENT The Directors are pleased to announce that the unaudited trading results of fhe Company for the six months ended 30th June, 1978 are as follows:Trading Profit Investment Income and Interest Profit before Taxation Turnover Barring unforeseen96 words
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Advertisement75 1978-09-21 11 ASIAN-AMERICAN MERCHANT BANK LIMITED (FORMERLY ASIAN AND RJRO-AMEMCAN MERCHANT BANK NCORPORATEDNSMGAPORE) GENERAL MERCHANT BANKING SERVICES UNDERWRITING CORPORATE ADVISORY LONG AND SHORT TERM LENDING MERGERS AND ACQUISITIONS INVESTMENT MANAGEMENT SHAREHOLDBiS OF AAMBANK ARE: BANK OF AMERICA NT and SA OVERSEAS UMON BANK DAMCHIKANGVO BANK EH Ptoasa contact: Mr. MBIYN DOLEMAN, MANAGNG75 words
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Article, Illustration409 1978-09-21 12 SOH TIANG KENG - SOH TIANG KENG ARGENTINA plans to use Singapore as a manufacturing base to export its Kttgfe to the Asian region. «Thls was disclosed yesterday by Mr. Rlcardo Mosquera Eastman, managing director of the ArgentlneChamber of Commerce. tjormerly Argentine Ambassador to Indonesia and xtm,409 words
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Article287 1978-09-21 12 WORLD Bank affiliate, International Finance Corporation, said there are indications of a mkjor expansion of borrowing by developping countries, lilts annual report stated that the developing nations show broad-based economic strength, but slow grpwth and restrictive trade policies among the lndustfiailsed nations threaten that position.287 words
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Article294 1978-09-21 12 THE JAPANESE Finance Ministry may allow commercial banks to issue negotiable certificates of deposits in yen in Japan on a trial basis. Disclosing this Mr. Hlromi Tokuda, the Miq(stry's banking bureau diractor-general told a business school seminar in Tokyo the Financial System Research294 words
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Article749 1978-09-21 12 LONDON, Wed. Small buying Inl—eat at the lower levels made for a narrowly higher trend, dealers said At 3pm. the Financial Times index was up 3.1 points at 528.3. Qalns among leading equities ranged to 6p and government bontfs rose between 1/8 and 1/4 helped by the strength749 words
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133 1978-09-21 12 THE KWANGTUNG Provincial Bank in Singapore will move to new promise* mm, after 39 years at its present site. A six-storey block is now under construction at the junction of Cecil Street and Cheong Hong Lim Street. Work began early this year and133 words
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51 1978-09-21 12 AFP THAILAND exported some 84.6 million pieces of electronic Integrated circuits worth 743 million baht (S$BM million) during the first five months of 1978, the Board of Trade has announced. The totals Include the export of 7,442 electronic calculators with a value of 57.7 million baht.AFP - 51 words
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906 1978-09-21 12 MEETING FOREIGN COMPETITION Agencies THE US Senate finance committee has voted to speed up the process by which industries can deduct the cost of new equipment from taxes. The move Is aimed at meeting foreign competition. The proposal would let businesses deduct the costAgencies - 906 words
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181 1978-09-21 12 AN AMERICAN economist, Dr. Beryl Sprlnkel, is coming to Singapore on Oct. 9 to brief bankers and economists on latest developments In the US economy. Dr. Sprlnkel, who will be here for four days, is the executive vice-president and chief economist of Harris181 words
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Page 12 Advertisements
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Advertisement161 1978-09-21 12 Now, you can enjoy the fruits of America's space-age technology right in the heart of your office. m 11 t 9 1 V--4< mwm mmm i "Oct 5 a 3O CS A ,y. presents the world's most advanced electronic plain paper copier, the Saxon 3. Saxon 3 is the latest161 words
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Article4958 1978-09-21 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the nam* of the ship, the shipping line involved, and the estimated dates of arrival and departure.from Singapore port. t Consortium SeaaDatch has a Joint wrvlce arrangement4,958 words
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Advertisement286 1978-09-21 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Aganta: Llbh Singapore Pt« Ud T«|; ***** Harrisons A Crosf iald Kuala Lumpur Tol: *****/59 P*ma«-MkSC Panang Tai: ***** SHIPPING SANKYO LINEI AUSTRALIA SERVICE P Kthn| Siniaport Loadinf for PARADISE MOON 22/24 S«pt m*\m 90/30 Soot MAYBREEZE 1/2 Oct THREE STAR 4/6286 words
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Advertisement333 1978-09-21 13 M THAI At4BM€ LfNF REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK B**6*o* SINGAPORE KITASAMUTVIJ 17 Sap 19 S«c 22 Up 23 Sop KITASAMUTV2O 2«Sop 21 Sep 1 Oct 20d KITISAMUT 1.21 5 Oct 7 Oct llOct UOd BOOKINGS/ENQUIRIES OCEAN SHIPPIN6 I ENTERPRISES PTE. LTD 21JT FLOOR. MARINA HOUSE. SHENTON HAT.333 words
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Advertisement199 1978-09-21 13 S'para P.I UNION /EDDAH In Part ANHSING 22/24 Sapt UNION ALASKA 25/27 Scot UNION ADEN 5/7 Oct ANHSING LINE REGULAR SEMI CONTAINER/ UNER SERVICE S'para P.Mmc P«n*n| Laadmc tar KaoJtsiyni/Ktt+vf* LORD STEAMSHIP CO. S.A. TAI WAN/STRAITS/ T AIM AN EXPRESS LINER SERVICE LOON CHONG SaM LOON HSING S*iM LOON FAT199 words
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Advertisement50 1978-09-21 13 NOTICES M.V. CHERRY CHANTKK VOY Vn ARRO: P.P.W. OODOWN m < CONSIGNEES OF DAMAOED CAROO EX THE ATOVE VBBBEL ARE NOTIFIED THAT THE OENERAL SURVEY WILL BE HELOOM 23.9.7S FROM 0000 HRS TO 1500 HRB. NO FURTHER survey BE HEED AFTER THIS DATE. LIAN SOON SHIPPING ft TRADING CO PTE50 words
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Advertisement11 1978-09-21 13 '"1 SEA gLAND FULL CONTAINER SERVICE TO JEDDAH BOOKING TEL: 222£22211 words
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Advertisement813 1978-09-21 14 Page II JKHapag-Uoyd VV»V/J FULLY CONTAINERISED TO EUROfE EXPRESS CONVENTIONAL TO EUKOfE Spot P.Um| Na BMm Gmk Wtar| Blow* Mmr tatw* Sailed 21/9 13/10 9/10 20/10 26/10 18/10 Bach*** 4'lo 5/10 26/10 22/10- 3/11 7/11 30/10 1/11 frmtrilr* 20/10 6/11 19/11 17/11 13/11 15/11 Imnii 17/10 13/11 20 24/1» 16/11813 words
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Advertisement576 1978-09-21 14 Od 2/7 Od 19/29 OdJ/H Oct22/24 I Not 9/9 Od 27/21 Od 15 Od 31 IKm 13/14 Od 1C OdJl Od II Od 21 "*«4 Mm 22 0«1 0«H M«« 1C Dec 14 D«c I Ok 21 0« 13 Mm 25 Dk Mm 31 Ok Dk3 Ok Ok 7 Ok576 words
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Advertisement563 1978-09-21 14 Custom* S«r»ic« Bootinj *****22 Terminal 2VB" > S3 257!'37 FULLY CONTAINERISED SERVICE Co one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS AMAX COLUMBIALAND MARINER COLUMBIALAND Y'HAMA 24/9 23/10 19/11 KOBE 26/9 25/10 21/11 KAOSHIUNG 30/9 29/10 2S/11 SINGAPORE 6/10 4/11 30/11 JEDDAH 19/10 17/11 13/12563 words
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Advertisement928 1978-09-21 14 Everett Lines "SILVER BILL" Burma Fhrt Star Shipping Corpn. "BURMESE NATIONAL LINE" iOAL'.NG FOR RANGOON M PTV22 SEPT 24/21 SEPT B.F.S.S.C. Agents in Malaysia TEPS MALAYSIA Port Kelang T-.« (38)7355 Penang Tel *****/^7562 Compania Argentina Dc Compania Argentina Dc flavefacion Intercontinental S. A. C. I. F. "ARGENTINE NATIONAL LIKE" LOADING928 words
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Advertisement686 1978-09-21 14 in li 'IMm—I \KDi\l \ll H Orient Overseas CcmicuMeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CHEVALIER PAUL 12* CHEVALIER KkZE IB* REPTUNC PEAK. UK ME RCATOR M ORIENTAL CHIEF lON MKONG CONTAINER 12* OMENTAL RESEARCHER «H S SEAS BRIDGE IB* 13/10 15/10 18/10 20 10 25/10 27/10 2/11686 words
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Page 15 Advertisements
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Advertisement884 1978-09-21 15 ASCi Australia Straits Container Line nana of the ano cMSMTim ■0 CMTAIKtSMP SEWICfc-TO/FWH AOSTtALIA ANRO AUSTRALIA 21 S<ft 21 Sept 29 Sept iUKAPORE PENANO P. RELANfi OOtSOANE STIMET SuBOWNE IS Oct AIEUiOE II Oct nUUNTIE 22 Oct 10 Oct 12 Oct ANRO ANRO ANRO ASIA TEMASEK AUSTRALIA ANRO ASIA 2884 words
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Advertisement583 1978-09-21 15 to ntwwm (tta tad tiMMMI P. OEHBMOB SaiM t Oct IB Mt Leiioai. Mm, tatter* Hull, iRMa*. KNIUtIM 22/2* Oct i 12 Me leuoas, (ilkM, Aasterti Hall t» Ml K1 WTS uE*m n/ii act LTCABN U/« Nr> iAcca»tiaf eaataiaan aa4 knakWM carta) mi M, 'Cwrnwrr or* i Nmi P. blaac583 words
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Advertisement559 1978-09-21 15 BEN LINE cpfc r»>v HW» Scancuwa Airtwtr M U kl II kt m n w a kt w a kt n kt 52 x wjw n BEN ASIA CONTAINER SERVICE anea sninvWN/snuns cmub soncf S#»t Aelang pfiunj YMO OaaU "on 1 act Ikt* 11 Oct »l kt INMARN Ml Zl559 words
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Advertisement627 1978-09-21 15 Scan Dutch V WESTBOUND TO MED/UK/ CONTINENT SCANDINAVIA V MI 1) SMta) Hb»rj 4) Gbui UH#I mu u a/ i m i«/» ii/ii it/' 'IMCCSCA 21/ I m 1 MLrr s hmi a/i »s sap* !!m ts tB r'.s fwrr eastbound FROM MED/UK/ CONTINENT/SCANDIMAvia SiT 4 aTSrffi-S" EsrW*® 1 Ml627 words
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Advertisement529 1978-09-21 15 GUTHRIE BOUSTEAD SHIPPING AGENCIE S INK FM£ A1 AWU W WKfltim. tlWiM OurkM, tl, Kl »>i» J-ht. tvi? M muim, nm n ttsi ««n ima FW u-u ■Mm JTHI a mm p,™ «/w Sh h »r| S port I ua Accmuw cmm fm opress service »«ar fmh sincapme I MM529 words
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Page 16 Advertisements
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Advertisement636 1978-09-21 16 Kaline KAWASAKI KISEN KAISHA. LTD QHBBS&SSBSB (VU SK2) IV CartaMr TO BOIOPt S'pore P. Ketone L.Havra H'bwf BfMMfl IT (tow Km CNEVALIER PAH 12V 13 Sept 24 Sop* 12 let 14 let IS let 11 let 11 I CNEVALIER IKE 11V 21Sept 30 Sept 1« Oct 21 Oct 21 let636 words
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Advertisement951 1978-09-21 16 AU.S.A. I EAST CANABA SERVICE ACCEPTIN6 FCt/LCI CONTAIHEIS FMM PEMAK, P. KELANC, S*PRR£ laad.af Hf: NOMOU, NEW TOM. Ml (MX. IT. MM Peking I twin P ft elan* "visnva mum" a sen n/nutt a/ 1 act i/ s Oct 4/ikt E.C./GREAT LUES SERVICE in<M Mr- mtiu. mv tw, wwh. twhl951 words
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Advertisement1014 1978-09-21 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: tw w Spore P. Mian SHIHII H*b*r| Btm. R'daa •Mi) 21Sif( Mh»t H kt M kt IS let 1) kt »S«( Xkpt II kt a kt kt kt Ml S Oct ?kt 23 kt tf kt 21 kt 2lkt II Oct IS kt1,014 words
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Advertisement601 1978-09-21 16 M4U4KSM* HTrmtATIONAI SM**MG CO*PO*A7tOH Bg¥MD EXPRESS FULLY CONTAINERISED SERVICE TO/PROM MED/UK/CONTINENT/SCANDINAVIA IHqgac ,1 EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| Mom Vpore P. KtlMf Penang LaaMac Hn IT( m 1 Ott I Bet 4/ act 1/ I fct BUM, 24/10. Cdft Lpool 30/10, Nburg 5/11. Roam 8/11. were 11/ U. a601 words
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Advertisement631 1978-09-21 16 f INTRfISEfI (PTE) LTO. B Kansai Line; STRAITS/AUSTRALIA SERVICE Smfiport P. KelM| LnAf feft i FIR TWO V. U 7 Oct S Oct Brisbane/Sydney/ Melbourne toeliid^ w««K» (fti) LTB -mmi-MMint-aMKi.! ft TIMIW IMH, MOI. ALPAC LINE SOUTH AFRICA SERVICE S'we P. Kelang Penmg Lm*w tar KANM f. 3« S.W Reunion,631 words
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