The Business Times, 6 October 1978

Microfilm: NL9863
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, OCTOBER 6, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon US prices up
      84 1 UPI WASHINGTON, Thurs. The cost of food, down for two straight months, rose sharply In September to push up all wholesale prices by 0.9 per cent, the US government reported today. It was the greatest increase since spring and a severe setback to the fight against Inflation.
      UPI  -  84 words
    • Article
      Lock icon Comex study
      53 1 AFP KUALA LUMPUR, Thurs. The Malaysian government is now studying details on the setting up of a multi-commodity exchange here, Primary Industries Minister Paul Leong disclosed today. Mr. H.J. Wilson, president of the management committee of the Hongkong commodity exchange, had submitted a report on this to the
      AFP  -  53 words
    • Article
      Lock icon Stabex date
      73 1 Reuter MANILA, Thurs. A proposed Asean export earnings stabilisation programme (Stabex) which Japan promised to fund in August last year, may be established only in the second quarter of 1980, the Philippine Trade Ministry said here today. Philippine Deputy Minister Vicente Valdepenas Jr. who headed the Asean delegation
      Reuter  -  73 words
    • Article
      Lock icon Shining bright
      66 1 AP LONDON, Thurs. Gold prices hit record highs for the third consecutive day In Europe today, and the US dollar faded to new lows on currency exchanges. Even the Swiss franc, which has succumbed this week to Swiss central bank efforts to curb its spiralling value, gained on
      AP  -  66 words
    • Article
      Lock icon Tariff cut proposals
      69 1 AP BRUSSELS, Thurs. The European Common Market published proposals today for tariff reductions next year on products worth some US$lO.5 billion (Ss24 billion) from developing countries. The value of goods benefiting from the feneralised tariff preferences would amount to a 5 per cent Increase over 1977. The
      AP  -  69 words
    • Article
      Dearer gold
      45 1 THE retail price of gold will rise $20-$3O a tahll from today, the price committee of the Singapore Chinese Gold and Sliver Merchants Association said yesterday. The price of 24-carat gold will be $700 a tahll, 22-carat gold $660, and sovereign gold $620.
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    • Article
      Petrochem complex aid
      86 1 THE $2 billion Sumitomo Petrochemical Complex will be Implemented with the assistance of the Japanese, Finance Minister Hon Bul Sen said yesterday on his return from the recent IMF-World Bank talks In Washington. Mr. Hon said he met Japanese Finance Minister Tatsuo Murayama and a representative of
      86 words
    • Article
      Lock icon Dow Jones
      54 1 UPI NEW YORK, Thurs. Stock prices sought direction today In the face of a larger-^han-expected surge In September wholesale prices. Trading was moderate. The Dow Jones Industrial average was behind 0.25 to 873.69 shortly before 1500 GMT. However, advances led declines 556 to 337, among the 1,404 issues
      UPI  -  54 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      142 1 Rises Most active SentoM 226 HMsia 225 Ming Court 225 Sel Coconuts 308 Bouitead 270 STP1975 740 MBS 308 Cooaplant WrU 406 K«pm 388 Guthrie 156 Carlaberg 635 Hifh ft Low 354 M Flour 231 Kuala Sidim 228 Keck Seng 194 Gold Coin 186 WJacks 150 Foils
      142 words
    • Article, Illustration
      In Kuala Lumpur
      144 1 Rites Most active CtftakM DMIME* M. TaWocc Timetere 6.40 3.06 4.10 5.40 11.00 .30 +.10 +.10 +.10 .10' M Credit Haw Par S. Dafbv 600.000 506,000 340,000 D. Kermmat Cons plant 296,000 Kauyu 2.00 .06 Total Turnover: 4.94 m SUuwhip 2.58 .06 Total Value. MS 11.31 m
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  • Article, Illustration
    It pays to have MNC as partner
    947 1  -  HIGH LOCAL FAILURE RATE «r JOHN TAN ENTERPRISING Singaporeans who rushed headlong into exportorientated industrial ventures on their own have been badly mauled because of their lack of experience and expertise. The failure rate of export-orientated Industrial ventures set up over the last
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  • Article
    WHAT A LOAD FOR SIA!
    220 1 SINGAPORE Airlines' passenger load (actor (or August bettered its recordbreaking performance last year by 0.9 percentage points to reach an all-time high o( 83.1 per cent. Last year, the airline's passenger load (actor peaked In August at 82.3 per cent, then slid to a low
    220 words
  • Article
    NOL chalks up record profit
    628 1  -  •y PITER CHIA NEPTUNE Orient Lines has weathered its financial storm and landed a record profit after a decade of battling to keep its nose above water. Last year, it chalked up a group pre-tax profit of *28.93 million, a four-fold increase over 1976's figures.
    628 words
  • Article
    The mysterious yard
    275 1  -  ■y TERESA LIM THERE is still some mystery surrounding the local shipyard which Is supposed to be In the final stages of negotiation with Bangladesh officials for a Joint-venture yard. Keppel Shipyard, when contacted yesterday, said It Is not Involved. The Keppel group comprises building yards like
    275 words
  • Article
    Singapore firms seek food tie-ups in B'desh
    294 1 SEVERAL Singapore industrialists arc having discussions in Bangladesh on possible joint-ventures in the food processing dustry.This wis disclosed by the Bangladesh Trade Commissioner to Singapore, Mr Yusuf Hyd4r, when the Bangladesh Minister for Food, Mr A. M. Khan, stopped over briefly yester"ft, Minister
    294 words
  • Article
    Applications invited for shares of UIS
    583 1  -  •y ARTHUR NG APPLICATION forms for the 25 million shares of United International Securities will be available from the usual broking and bank sources as from today. However, unlike the previous issues made by the United Overseas Banking group, the latest offer made by
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      11 1 SAFE WITH AN ITOKI SAFE 6*ngapor« 11 T* •Dte BUSMCSTEMS Suieaeor*
      11 words
    • Advertisement
      Page 1 Advertisements Column 2
      90 1 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 of cutting holes and slots. Platinum-coated to give you a smoother
      90 words
    • Advertisement
      Page 1 Advertisements Column 3
      43 1 SHIPPING TIMES LACK at iibilm willlbi «UU> SPPL tarn d«ull> to Kl—hurdle 2 U PRICE cutting the bene of local ASTLEY Pwte director. MEMOPAD 2, CROBBWORDB 2, AIRCRAFT SCHEDULE I, TV 4 RADIO BRIBTOW 7. STRAWS IN THE WIND 7, SHARE PRICES It.
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    • Advertisement
      Page 1 Advertisements Column 4
      33 1 jui u i a i Set* Agrtn Guthrie Trading Wt *****5 t *****5 Dry Plain paper Copier IS BIG SAVINGS So versatile and economical, KIP is definitely an unmistakable advantage to your business.
      33 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      The celery pay-off for Allen family
      452 2 AN Intensively caltlvaled vegetable farm ■ear Melbearae will be planted with mare tbaa twa million celery seedlings this year and it Is expected to pradaee Ml eases a week tt the crisp, fall-grown stalks at the height af the seasaa. Set 11.2 em apart
      452 words
    • Article, Illustration
      The problem confronting reinsurance
      572 2  -  By SOH TIANG KENG THE dearth of underwriting expertise is a serious obstacle to the growth of the reinsurance business in this region. Mr. P.R. Majmundar,general manager of The Singapore Reinsurance Corporation was speaking yesterday to delegates at the conference of East Asian Insurance Congress. He
      572 words
    • Article
      Japanese team pleased with KL
      341 2 THE JAPANESE investment survey mission to Malaysia has gained a 'clearer insight and better understanding of Malaysian investment policies and guidelines which had caused some confusion among Japanese investors. Mission leader Taiichiro Matsuo feels that this would enable him and his delegation to clear the
      341 words
    • Article
      Ascope aims for petroleum collaboration
      239 2 SINGAPORE will be the venue for the fourth annual conference of the Asean Council on Petroleum(Ascope) from Oct 20 to 21. The Finance Minister, Mr- Sui Sen,will officiate at the opening ceremony on Oct 20 at the Shangri-la Hotel. 1 The conference will be attended
      239 words
    • Article
      Maruto keen to set up here
      181 2 WHEN Maruto Hasegawa Kosakujo, a hand tool manufacturing company, 9ets up an overseas plant it will either be in North America or Singapore. Mr T. Hasegawa, chairman of San Jo Trade Council and also president of the company, expressed keen interest in opening up
      181 words
    • Article
      Lock icon Sarawak bullion tenders
      57 2 Reuter THE Sarawak branch of the Malaysian Ministry at Trade and Industry said it has invited tenders from authorised merchants to impart 7,500 ounces of gold bullion into Sarawak betwen Oct 1 and Dec 31. The gold bullion will be divided into 15 parcels of 500 ounces
      Reuter  -  57 words
    • Article, Illustration
      OCL'S UK HEAD IS HERE
      68 2 OVERSEAS Ceatalaers Lti'i general mattger far UK operations, Mr. Alee Green (abave), arrived In fflsgtpsrr yesterday far a threeday vWt While la the Hepatite, Mr. Greea will meet leeal exeeattves ef Maasfleld Ceatalaer Services, OCL's general agent far Ssath enst Aria. Later this msath, he
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    • Article
      Lock icon S'pore, Kuantan cable link
      58 2 Reuter MALAYBIA lsj«prriHM» an a sakaaiiae cable Making Eaaataa with 011 Ms at the Aseaa eaMe network sf which the first part the Phttpftees Is Stagnpsre was touched tMs A spskesmaa sf the Trlrrimmsstrsttf i Department said the l—hs Hngapirf link ensT'ahsat $t4 sriUUa while the
      Reuter  -  58 words
    • Article, Illustration
      A touch of glass
      272 2 GLASS Art, a locally liMrpmtod Autnllu firm, will have three local glass Mowers demonstrating their skills at the Singapore Trade Fair m. Equipped with oxygen gas torches aad Pyrez glass tubings aad reds, the glass Mowers wUI mouid melted glass late objects of art. Trishaws, dragon
      272 words
    • Article
      NPB course for safety officers
      268 2 THE National Productivity Board will begin another safety officers training course for the Ministry of Labour in mid-January next year. The course has two parts: classroom training with lectures, and a practical project. The lectures will be given in three modules. Module one deals mainly
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    • Article
      MEMO PAD
      347 2 COURSES AND TALKS Sept 1 Oct 6: A practical approach to computerised management information system (MIS), SIM, SIM Sept 26-Oct 12: Industrial Relations, Holiday Inn, P.O.D. Oct 5-6: Mergers for managers, Hilton, Consulasia Oct 6-28: The effective executive, SIM, SIM Oct 10-11: Metallic corrosion its causes and prevention,
      347 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      153 2 Prestige position Your expensive car. It says you've arrived. Can you say the same thing about your office furniture? Your office desk, for instance. Is it all it should be? After all, you spend more time at it, than you do in your prestige car.- Shouldn't your desk reflect the
      153 words
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  • OVERSEAS
    • Article
      Lock icon IMF gold auction raises $240m
      115 3 Reuter THE International Monetary Fund said It sold 604,400 ounces of gold at an average U*****.68 (Sssoo) per ounce. The agency said it sold 470,000 ounces through competitive bidding and distributed another 134,400 ounces to member nations on a non-competitive basis. The IMF said the
      Reuter  -  115 words
    • Article
      Surplus for Italy
      69 3 ITALY had a provisional current account payments surplus In the first half of 1978 of 1.28 trillion lire, against a deficit of 1.89 trillion in the same period last year, the Bank of Italy said. Tourism produced a surplus of 1.46 trillion, against a surplus of 1.13
      69 words
    • Article
      Lock icon No accord on US oil import curbs
      955 3 Reuter NYT CONGRESSIONAL energy tax negotiators failed to reach agreement on a drastically scaled-down version of President Carter's plan to discourage foreign oil imports. The Conference Committee of the House of Representatives and Senate held an eight-hour bargaining session but broke up in
      Reuter; NYT  -  955 words
    • Article
      Lock icon Swedish economy shakes off shackles
      222 3 Reuter SWEDISH Prime Minister Thorbjoern Faelldin said it is now possible to shape Sweden's economic policy along more expansive lines, allowing some scope for private consumption to increase in the long term. The middle of 1978 marked a turning point for the Swedish economy; with
      Reuter  -  222 words
    • Article
      Lock icon A major export push is brewing
      316 3 AP THE head of AnheuserBusch Corp., the world's largest brewers, says the American beer Industry Is planning a major push to crack the export beer market because It is convinced Europe Is turning towards the Tighter brews. As part of the effort, August Busch
      AP  -  316 words
    • WORLD IN BRIEF
      • Article
        Lock icon SINO-UK TRADE HOPE
        537 3 Agencies A LEADING British businessman said he hopes Slno-Brltlsh trade would treble over the next fewyears. Lord Nelson, president of the Sino-Britlsh Trade Council, was speaking at a businessmen's gathering held to hear reports from members of a British mission to China. TWO main Thai rice growing
        Agencies  -  537 words
    • Article
      Lock icon A record harvest
      111 3 AFP THE grain harvest in the European Economic Community is likely to reach a record total of 111 million tonnes this year, the EEC Statistical Office said. This would be an Increase of 7 per cent compared with last year's crop. The office said the increase was
      AFP  -  111 words
    • Article
      German GNP expected to rise next year
      322 3 GERMAN raal GNPgrawth should accelerate to 4 per cent in lt7f from SJ per cent this year, though nominal growth is expected to be 7 per cent for both years, Weatdeutache Landeebank Girosentrale •aid in iu latest economic report. The hanh added the
      322 words
    • Article
      Labourites don't want Britain out of EEC
      673 3 THE GOVERNING Labour Party's annual rank-and-file conference rejected a demand for negotiations to take Britain out of the European Common Market, but approved one to rewrite the conditions of British membership In the community. A motion specifically opposing a European monetary system was
      673 words
    • Article
      Lock icon M-3 GROWTH TARGET
      384 3 Reuter A CUT in the official UK growth target for sterling M 3 money supply is seen unlikely following the Labour Party's rejection of Sovernroent pay policy, esplte Prime Minister James Callaghan's statement on the possible use of monetary measures to keep Inflation in single figures. Financial
      Reuter  -  384 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      322 3 I 1< f 1 IP* V i I u *T r r m •v. N V i r fT% *.vn.l u v *Ct «e <5* r' •J.V Vt rp> M ••■<: c 4 V ,^2v*v &T ssS&£ 4 l* Take a ride on success to Pakistan International's Orient Pakistan International
      322 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      625 3 IH-OHE CROSSWORD I CRYPTIC PUZZLE ACROSS 3 Smart, or make smart (5) 8 Key officer (5) 10 Somewhat explosive plant? (5) 11 Brown line? (3) 12 Mount of berries (5) 13 Took a little grub (7) 15 I deal crookedly with her (5) 18 Small Jumper with one pocket (3)
      625 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      389 4 THE Singapore market yesterday closed quietly steady with October One RSS buyer quoted at 256.75 cents per kilo, up 0.75 cents. The afternoon session was quiet but slightly steadier on continued upcountry and speculative buying, they added. The morning market closed slightly higher with October One
      389 words
    • Article
      RAS PRICES
      353 4 R A S prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 255.00 256 00N 255.50 296.50N Int. 1 R.S.S Oct 256.25 256.50 256.75 297.25 Int. 1 R.S.S. Nov 281.25 281.50 201.75 282.25 Int. 2 R.S.S.
      353 words
    • Article
      SSR AND SMR
      96 4 NOON SSR and SMR prices yesterday: RAS Oct® (Currani Buyers tar t Mtk) Sellers Ne*eaksr (Forward Mtk) Bayers Sellers (cents par kg) (oral ts perks) SSR 20 (1—ton pallet) 230.00 232.00N 231.00 233.00N SSR 50 (1—ton pallet) 228.00 230 00N 229.00 231.00N MRELB: SMRSCV (1—ton pallet) 200.50'
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    • Article
      Closing prices
      30 4 Rubber: Oct 5: Singapore: Oct 256.75 cento (up 0.75 cent) Malaysia: Oct 263.25 cento (up 1 cent) Tin: M$1,886 (ud $20> Official offering: 140 tonnes (down 35 tonnes)
      30 words
    • Article
      Produce exchange
      316 4 PRICEB firmed on the Singapore produce market yesterday. Coffee, pepper, copra and coconut oil prices rose without exception. Trading on the coffee and pepper fronts was fairly brisk, In comparison with the recent slack periods. There were the usual enquiries from Eden and Mogadishu for copra and coconut
      316 words
    • Article
      Hongkong comex
      327 4 THE sugar market closed easier yesterday In fairly quiet trading, dealers said. The number of lots traded fell to 10 and the spot sugar price fell to 9.05 from 9.15 previously. January was quoted slightly lower at 9.15/25 and March at 9.33/38 against 9.40/45 previously. Sugar futures closing
      327 words
    • Article
      Sugar
      426 4 RAW sugar terminal In London yesterday opened unchanged to £0.25 per tonne above Wednesday's 1700 hours levels. Turnover totalled 420 lots. The market was quiet on lack of news. The London dally raws price was down £1 on tone at £110 per tonne. White sugar was £0.35 to £0.75
      426 words
    • Article
      Palm oil
      82 4 C.I.F. North European porta. In US dollar per tonne unleaa otherwiae at*lad LONDON: Malayalan 5H ffa bulk per tonne November Sumatra 5H (fa bulk September October November December January February Nigeria 5* ffa bulk at* «19 air 612 air unch #70 air 650alr/642*pd MO air 430 alr/622 V827
      82 words
    • Article
      Coffee
      316 4 ROBUSTA futures yesterday ended the opening call slightly easier £11 up to £10 per tonne down In London. Turnover was 633 lots. Futures Initially rose by around £29 In near Nov at £1,639 under the Influence of New York close and earlier dealer buying. Dealers said there were no
      316 words
    • Article
      Duty rates
      87 4 THE Malaysian Minister of Finance has fixed these rates for the period from Oct 5, 1978 until further notices. Rubber 254% cents a kg, copra $1058.22 a tonne, palm kernel $955.75 a tonne, white pepper $4774.38 a tonne, black pepper $3064.70 a tonne. The rates of duties payable
      87 words
    • Article
      Rice
      182 4 BANGKOK rice prices were quoted as follows yesterday: BANGKOK rice In US dirs per tonne fob bu< Bangkok: White Rk»: 100 pet lit da* 402. 100 R2nd class 387,100 pet 3rd class 382. ct 371. 10 pet 352, pet 342. 23 pet 332. 38 pet una Brafcaa: A-l super
      182 words
    • Article
      Straits tin
      248 4 THE Straits tin price in Penang rose Ms2o per picul to 81,886 yesterday. The market rose on London's late firmness, telped by reports of reduced prospects of US stockpiles together with lower tin concentrates supplies. News Senator Gary Hart agreed a time limit for the stockflle bill and
      248 words
    • Article
      Silver
      301 4 SILVER on the LME was down 0.5 to 0.3 pence per troy ounce on Wednesday. The afternoon market In London slipped back under proflttaklng and liquidation prompted by the turnround In US futures. Three Months traded down to 301.4 pence on the kerb. Prices advanced on the early morning
      301 words
    • Article
      Cocoa
      359 4 TERMINAL cocoa yesterday finished the first call with small rains but eased In open trading in London under mixed liquidation and hedge selling in a basically thin market. Dealers said the market was possibly reacting to the availability of product currently being offered by both Ghana and Nigerian. Sources
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    • Article
      Soybean
      164 4 CHICAGO soybean futures shot higher in late trade on good local and commission house buying on Wednesday. The market ended eight to three cents firmer, with only light commercial selling at the close pulling prices from their highs. Traders attributed most of the advance to solid export demand, a
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    • Article
      Wheat
      161 4 CHICAOO wheat futures on Wednesday lost their opening strength at mid-session to stand a fraction above and below previous settlements. Brokers said good mixed buying buoyed the market at the opening, but prices eased back in quieter trade on a commission house t 1 of 1.5 million bushels of
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    • Article
      Copper
      395 4 COPPER wire bars on Wednesday lost mostly per tonne. Values fell back In London after lunch under general liquidation and commission house selling prompted by the turnround in US futures. Three Months traded down to £764 In late ring dealings but found covering on the kerb and partly recovered
      395 words
    • Article
      Lead
      50 4 LEAD on Wednesday gained £5.5 for cash and £6.25 for Three Months. The London afternoon market found shortcovering end-morning levels and Three Months traded up to £995.50 on the kerb. Traders said Japan secured moderate tonnages last week and was circulating enquiries this week for a further 10,000 tonnes.
      50 words
    • Article
      Zinc
      50 4 ZINC on Wednesday was down £2.75 for cash and £3.5 for Three Months In London. Afternoon values gained further ground under liquidation which pushed Three Months down to £350 in second ring dealings. Fairly persistent profittaking and hedge selling emerged In the ring where Three Months eased to 1351.5.
      50 words
    • Article
      Gold
      464 4 THE kllobar In Sinn.pore opened at 8115.947 and closed higher at *****89 yesterday. The high and low of the day were *****60 and *****47 respectively. This market remained neglected. In the spot gold for London delivery, prices rose sharply from opening of U*****.85/15 to reached a all-time high of
      464 words
    • Article
      Aluminium
      55 4 ALUMINIUM on Wednesday was down £3.25 for Three Months. The London afternoon market steadied partly on light short-covering encouraged by the morning's lower levels. The morning decline reflected trade selling based on the view that LME values are high in relation to the free market. Offerings were absorbed on
      55 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        439 4 THE US dollar weakened further against the major currencies on the foreign exchange market yesterday. Against the Japanese yen, dollar opened at 187.00/10 but by lunch time was down to 186.60/80. In thin market trading It firmed marginally to 186.70/90 later and stayed at about this level during
        439 words
      • Article
        Asian $ & CD rates
        134 4 Asian CD rates ASIAN currency deposit interbank rates a* at clow on Oct S US Dalian (hat) Odhr BM 7 dayi 97/9 I rath 911/19 99/19 latba IM 1/4 3mUis 0 11/ie 99/16 mUli 915/16 913/16 mthi 15/16 9 13/16 II Dttu 15/16 13/16 Bw. m. Da*. (MMdla Priaaa) lmttl
        134 words
      • Article
        Discount
        41 4 RANOE of prices offered by discount houses on Oct 5: Overnight 3SH CaD deposits 3SH B«k| HNIA| 3-monlh Treasury bills 39/16 3-month Bank bills 611/16 3-month CD 7* 6-month CD 7* 37/16 B/16 7 7* Source: National Discount Co Ltd
        41 words
      • Article
        MLR
        14 4 THE awaga rate at which Singapore banks are currently It 7.25 per cent.
        14 words
      • Article
        Euro $ rates
        171 4 Euro rates LONDON Eurodollar deposit rates yesterday opened basically seady In fairly quiet early trading, dealers said. Period deposits were adjusted higher after the technical mark down for the Friday start to dealings, and a Friday end at period In one month made for an additional gain in that position
        171 words
      • Article
        London
        275 4 THE dollar yesterday opened lower at 1.8917/27 marks compared with 1.8998/9013 overnight following the news US Congressional energy tax negotiators failed to reach agreement on President Carter's plan to discourage oil imports. It later recovered to 1.8944/54, possibly on central bank Intervention, dealers said. Gold opened at U*****.50/224.00 an
        275 words
      • Article
        New York
        294 4 THE dollar on Wednesday closed generally firmer In erratic, nervous trading, underpinned by apparent Federal Reserve Intervention, dealers said. They said the Intervention provided the impetus for the rate movements, as the dollar recovered when the Fed was reported in the market supporting It and weakened once the
        294 words
      • Article
        Tokyo
        190 4 THE US dollar for overnight delivery closed at 186.70 yen yesterday, up from a 186.60 opening but down from 187.10 at Wednesday's close after falling briefly to 186.50 in late trading, dealers said. The US currency fell back again in light late trading on renewed dollar selling by foreign
        190 words
      • Article
        Hongkong
        36 4 BANKNOTE rates quoted y ester 4.71-4.72 UK 6.25-8 45 Burma 1.20-1.50 India 4.70-4.80 Indonesia 1.10-1.15 Japan 2.515-2.525 Korea 0.86-0.02 Philippines 0 00-6.62 Singapore 2.10-2.12 Malaysia 2 05-2 07 Brunei 2J7-2.11 Thailand 23.a»-M 00 Taiwan 13.00-13.23
        36 words
      • Article
        Australia/NZ
        59 4 AUBTRAUA/NZ exchanges quotas yesterday: us dir 1 1646/ i.isaa Sterling 0 5602/ 0 5623 Ninety-day air mall buying rates Sterling 0 6066 U8 dlrs ***** Ninety-day forward buying rues: Sterling 0 5036 US dlts 1 1631 NEW ZEALAND Sterling 0 5365/ 0 5357 U8 dlr 1.0710/ 1.0601 Ninety-day airmail
        59 words
      • Article
        Frankfurt
        42 4 FRANKFURT euhtagM rtostag quotes on Oct 6' Ste 3 760/773 DPI 82 25/36 BPr 118 6*36 Lit 2 31 "32 P Pr 44 3W41 r«n i n Ft (rod) 6 363/303 B Ft (tint 3 6**6 l N Kr 37 "mmt
        42 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      161 4 Wfchavea history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow
      161 words
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  • TRANSPORT
    • Article, Illustration
      A LIFT FOR RUSSIA
      91 5 THE same ef Vltyai (Here) Is glvea to the Soviet Uaiea's meat pewerfol fleatfag eraae bailt at the OrdsheaUddse shipyard la Sevastopol (the Ukralae). VltyM (abeve) with a IwtoHag capacity Is htesM for reseae operations, for Ufttag aaakea ships, far setting ships afloat ami for cvrjftag
      91 words
    • Article
      Russia builds largest port
      697 5 THE commercial sea port of Vostochny, which is under construction in Wrangel Bay in the Soviet Far East, will be the biggest in the Soviet Union. Its 66 piers will be able to handle about 32 million totaes of cargo annually afld receive thousands of ships
      697 words
    • Article, Illustration
      SHIPS IN PORT
      369 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Intermac 312 (0700 alongside Tagaytay) 47 Bunga Gelang (0900 after Bunga Mas) 19 Kimanis (0600) 23 Kota Bali (1900 after Vishva Ami Tabh) 1/2 Kota Mawar (0700 after Kota Selamat) 10/11 Lydia (0730) 29/30 Marquise (0700 after Iweri) 25/26 Minetaka Mam
      369 words
    • Article
      Price-cutting the bane of local yards
      817 5  -  By RAHIM KASSIM FIERCE price-cutting, more than anything else, has been responsible for the depressed rates that shipbuilders and repairers in Singapore (ace. Prices now are 30 per cent lower than in 1974 and have almost hit rock bottom," said Mr. Chua Chor Teck,
      817 words
    • Article
      French strike action
      128 5 SOME 16,000 French seamen going on a 48-hour strike next week to protest against the hiring of cheap Third World labour on liners plan longer action if their demands are not met, a union spokesman said in Paris on Wednesday. The strike, planned for Oct 13 and
      128 words
    • Article, Illustration
      Lock icon Amoco payout row
      193 5 AFP LLOYDS sf Ltmitm ku uM the British pveruxat to pntcit to the Preach astharitles ever the high lasaraace pay-eats Ntght hjr Prcaeh laterests Mt by the "Amsea Cadis" taaher disaster sa the Bretoa csast. Uader a ISM lateraattoaal esaveattaa later ipei hy Praace, lasaraaee campaales eaa
      AFP  -  193 words
    • Article
      Lock icon Ship orders for Japan?
      170 5 Reuter SEALAND Service Co of the US is likely to order 12 container ships worth more than US$35O million (SsBos million) from Japan and South Korea soon. Japanese industry sources said of the total, 10 ships, each capable of carrying about 830 40-foot (12m) containers and
      Reuter  -  170 words
    • Article
      China enquiry
      70 5 CHINA has made a direct enquiry to Norwegian shipyards Bergens Mekaniske Verksted (BMV) of the Aker group of shipbuilders asking offers for 20 specialised freighters averaging 20,000 dwt each. A BMV spokesman said the Chinese asked for offers in a letter. He believed similar inquiries have been made
      70 words
    • Article
      Lock icon LOWER AGE LIMIT
      109 5 Reuter THE Greek Ministry of Merchant Marine said the age limit for the registration of ships under the Greek flag will be lowered to 17 year*, effective from Nov. LThe previous age limit was 70 years. The ministry said the measure is aimed at rejuvenating Greek merchant
      Reuter  -  109 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      699 5 ARRIVALS Serriee Local Operator Namber Time Froa GIA GA980 1030 HLP SIA SQ911 1035 SPO/HNL/GUM SLA SQ103 106 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL GIA GA944 1065 PKU GIA GA906 1100 MES PAL PR501 1125 MNL GIA GA982 1200 HLP SN SN287 1200 BRU/DXB/BKK
      699 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      139 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations -•-'-IT A ■v A 1 *5* ft sdfi t 1 I I V i For the man who knows Our mala customer* don't need to be shown the best. They already know what
      139 words
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  • Article
    Towards a new industrial society
    545 6 THE PRIME MINISTER'S speech In Orlando will chill the hearts of many leaders In developing countries. Almost to a man they have been shelling out small fortunes trying to buy sufficient depth of technology to catapult their countries Into the prime league of industrial nations.
    545 words
  • Article, Illustration
    Lock icon Europe's managers looking for union protection
    1556 6  -  A union for managers there are Singapore executives who already feel the need for such representation and they will be interested to know that, in Europe, managers and professional technologists are organising themselves MAURICE GREEN reports. MAURICE GREEN FT THROUGHOUT Europe arid professional technologists
    FT  -  1,556 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      210 6 JtL! 6 I Lk Newton Road. Singapore 11. Republic of Singapore Telephone: *****1, Tele* RS-***** Cables: HOTELROYAL RAMADA LOUNGE. II 1. *m v* TV *3 twtiU BOiiH V"' 'I .V Delicious food at its most glorious awaits you at iHhautidiTr At our hotspot, the Ramada Lounge at| the roof top
      210 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 LWEAT:HER: i WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers in the late morning. Report for 24 hours prior to 7.30 pm on Oct 5 at the airport: Maximum Temperature S2.9°C Associated Humidity 56 Minimum Temperature 2S.2°C Associated Humidity 93 Hours of Sunshine (.15 Rainfall in
      65 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      257 6 r MRMTIO SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Fire Bulls (Repeat) with superimposed English/ Chinese subtitles, A Mandarin feature film 5.10 Intermission 6.00 Opening announcements followed by December Bride Ruth Goes Home To Mother 6.30 News in Brief 6.35 It's About Time 0 7.00 Persembahan Ku
      257 words
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  • Article, Illustration
    Lock icon Peace and prosperity don't always go hand in hand
    829 7  -  ■y NICHOLAS TATRO AP AVERAGE Egyptian looks at the prospects of peace with Israel and aeee u a television set, a working telephone, >%etter prices, a better salary indeed, a better life. He sees an Egyptian-Israeli treaty *"aa the end of
    AP  -  829 words
  • Article, Illustration
    Lock icon Recycling efforts will fail without public support
    815 7  -  To re-cycle aluminium costs only 4 per cent as much energy as to produce it from bauxite ore and there are many similar examples. But recycling will not become economically important until it gets the backing of the public at large, writes JEREMY
    FT  -  815 words
  • Article
    STRAWS IN THE WIND
    397 7 A WELL-KNOWN local garment manufacturer went to New York recently for an International fashion show but lost his suitcases, with all his clothing, en route at a stopover point. But no matter. His rival, another garment manufacturer, gallantly stepped forward with several voile shirts which his
    397 words
  • Article
    Lock icon The dark side of tourism in Hawaii
    742 7  -  (foruh; p I ...on tourism L A •y ROBERT RICCI Reuter TOURISM built Hawaii and made it rich, but it is no longer the best-loved Industry in the state. Hawaii is searching for another major new Industry to help solve growing problems common
    Reuter  -  742 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      392 7 m i i Vi i< \l >Wm sam JiS-S-J-; JSv 9 EPt* s .V' ~«r samtf-t+fivm--7 V" •v-. flk 0 a 4 n N*V 3 *r A delightful occasion to remember. Sing along with our resident singer and guitarist Patrick Lee, strumming old favourites and new hits to special requests
      392 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Shares stage rally
      1209 8 MEW YORK AN AFTERNOON rally In glamours and blue chips led stocks higher on Wednesday In moderate trading as the dollar firmed. Analysts said the dollar's gains came on central bank intervention, which some currency dealers said Included heavy dollar support by New York Federal Reserve Bank.
      1,209 words
    • Article
      Jo'burg
      399 8 GOLD shares closed at or near the day's best levels on Wednesday. with some sharp increases seen, reflecting the Increase In the bullion price. Demand was on both local and overseas account. Rises of up to 125 cents were recorded. Mining financial rose in line with producers in fairly
      399 words
    • Article
      Zurich prices down
      480 8 EUROPEAN MARKETS STOCK prices In Zurich fell on Wednesday, reflecting the continued weakness of the dollar with losses reaching 3 per cent. Banks were led down by Leu bearer and bearer stocks of Union Bank and Credit Suisse Losers In leading industrials included BBC. Clba-Gelcy and bearer
      480 words
    • Article
      Zurich
      185 8 OCT M Franca Actions Sulsses 265 -1 Alusulsse Br 975 -40 Alusulsse Reg 445 13 Brown Boverl Br. 1520 -35 Clba Oelgy Br. 935 -25 Clba Oelgy PC 705 -20 aba Oelgy Reg 550 -7 Credit Suisse Br 2200 -40 Credit Suisse Reg 418 -3 Elektrowatt Br. 1780 10
      185 words
    • Article
      Paris
      268 8 OCT M Frs CORBEILLE Alr-Liqulde 380 -3 B S N Gervais Danone 630 20 C 8 F (ThomsonCsf) 415 -3 Clc Francalse des Petroles 145 SO ♦2 Compagnle Financiers Compagnle Generale 420 -1 Credit Fonder De France t 3M 4-2 Hachette (Llbralrle) 283 -3 Machines Bull 58.80 ♦0.3 Mlchelln(B)
      268 words
    • Article
      Milan
      99 8 OCT M Lire Anlc 102 -4 Assoc Oen ***** -450 Bastogi 885 -i Centrale 5841 ♦31 Flat 2999 -123 Flnslder 188 -7 Gen Immob 93 -2 IFI Prl 2780 -91 Italcementl ***** -250 I taigas 815 -4 Italslder 379 -8 Magneti M PI 548 •14 Marelll Ere ***** 1.5
      99 words
    • Article
      Amsterdam
      220 8 OCT M Fl» ABN 37V 50 -0 5 Ahold 121.00 -1 Akao 32 70 -0.5 AMEV 91 20 -0 2 Am fas 113 SO -0 4 Am rot Bank 79 50 ♦0.1 Bergou 82 80 -0 2 Berk 94 50 >•5 Bols 75 90 -1.1 Borsumlj 187 50 1.5
      220 words
    • Article
      Frankfurt
      199 8 OCT M Dm Aef-Telef unken Akio AllzLeben AllzVers r so 30.10 31* -0.3 -0.4 -5 BASF Bay H T Wbank Bay Vbank Bayer BBC BMW 142 JO 300 50 390 144.20 316B 231.90 -0.4 -3 -0 3 -2.9 Cassella Chem Verw Commerxbank ConU Oumml 2S5 SOB 235 00 77.00
      199 words
    • Article
      Brussels
      93 8 OCT M Pri FORWARD MARKET Acec 430 Arbed 2475 -5 Astur 740 Brascan 4«e 3 Br u-Lamb 1945 unch Canpac 824 -12 Cock 473 •7 Dr Betrs 220 ♦2 Ebes 231i -10 Electrobel 6800 unch Ob-Inno-Bm 2500 40 Of» 1472 16 Hobok 2900 -50 Pelro 3710 -90 Ryl Dutch
      93 words
    • Article
      Lock icon Cautious mood grips market
      624 8 TOKYO Source: DBS-Daiwa THE market was relatively strong although most stocks are now selling at high prices. Medium-sixed Quality issues of the Matsushita and Toyota groups were firm. On the other nana, pharmaceutical Issues turned bearish. A cautious mood gripped the market near the close. Encouraged
      Source: DBS-Daiwa  -  624 words
    • Article
      Hongkong
      370 8 CONTINUED panicky selling In a thin market coupled with chartist short-selling caused Cces to fall sharply this mornHK Land led the way, failing 80 cents to $11.00, exdlvldend and the debenture issue. Other blue chips fell In line scctor iooked After lunch some cheap buyers appeared and with some
      370 words
    • Article
      CHICAGO BOARD OPTIONS
      1740 8 October 4 CHICAGO Board Options Exchange volume expanded to 146,189 contracts on Wednesday from 101,375 on Tuesday. OPTION 8 OCT JAN APL STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am
      1,740 words
    • Article
      Sydney
      295 8 LEADINO minings and selected industrial leaders led the market higher in more active trading, dealers said. Firmer London metal exchange prices boosted minings, with Mount Isa rising 8 cents to A 52.36, CRA up 12 to $3.70, Ren lso n 10 to $10.40 and Central Norseman 10 to $13.10.
      295 words
    • Article
      Bangkok
      173 8 Oct! Bafct Bangkok Bank Bank of Ayud 388 4-4 haya Ltd 288 -2 Thai Farmers Bank 348 unch Thai Commercial Bank 748 unch Industrial Finance Corp 2.575 +20 Oeneral Finance 392 +8 Bangkok Investment 348 unch First Trust 358 +8 Raja Finance 1.880 ■f 180 Lee Kwang Ming Trust
      173 words
    • Article
      Manila
      107 8 OCT N Pesos Aco)e Mining .013 ♦0 0005 Al las Con A AttauCon B 24 40 ♦0.1 B&gulo Gold .010 +0 001 Benguel Con B 4175 +0.75 BF Ooodrlch 24 80 unch CDCP 30 00 unch Inco B Land oil 018 +0 001 Lepento B 30 unch Marinduqur B
      107 words
    • Article
      Toronto
      340 8 SHARE prices closed higher In active trading on Wednesday. The composite Index was iit> more than four points with advances In 10 of Its 14 component groups. Ouins led losses 225 to 211. Bra van A. the most active Issue, ro* to 17H on 162,151 shares and Labatt A
      340 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Wednesday 511.1 Tuesday .505.2 Week Ago 506.0 DOW JONES AVERAGE INDUSTRIALS Wednesday 873.87 Tuesday 807.00 Week Ago 800.19 LONDON DOLLAR PREMIUM Wednesday 82\4 to 82* Tuesday 82 to 82 W H.R. HANG 8ENG Thursday 002.28 Wednesday 012.00 Week Ago 045.27 SYDNEY INDUSTRIALS Thursday 471.77 Wednesday
      63 words
    • Article
      Lock icon Marudai convertible
      69 8 Reuter MARUDAI Food Co Ltd said it is planning to issue a 50 million mark convertible bond on the German capital market this month. A formal decision on the issue will be made at a board meeting soon, but It said It hopes that bond will carry a
      Reuter  -  69 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      R.P. Martin year-end results down slightly
      207 9 of R.P. Martin and Co., foreign exchange and currency broker, was down slightly from €684,411 to (.'645,812 in the year ended June 30, 1978. from turnover of £4.12 million against L' 3.28 million. First-half profit was ahead from C 337.328 to C 359.853 and
      207 words
    • Article
      Lock icon GM sees lower earnings margin
      132 9 Reuter GENERAL Motors Corp's IGM) profit margin so far Ihis year is running behind last year's 6.1 per cent. The chairman Mr. Thomas Murphy however, said, overall business this year is very good and the company expects another good year next year. r Mr. Murphy
      Reuter  -  132 words
    • Article
      Lock icon TENNECO RAISES QUARTERLY DIVIDEND
      109 9 Reuter TENNECO Inc said its board raised the quarterly dividend to 55 US cents per share from 50 cents, payable Dec 12, record Nov 17. Tenneco said it expects to have its best year ever in 1978. The company earned 14.38 per share last year on
      Reuter  -  109 words
    • Article
      Lock icon BP to fight veto on its deal with Veba
      697 9 THE WEST German Federal Cartel Office hat turned down British Petroleum's ambitious bid to strengthen its position in West Germany through a DM-800 million deal with Veba, involving the purchase of most of its Gelsenberg subsidiary. EUROPEAN FT IN A decision
      FT  -  697 words
    • Article
      Lock icon Kaiser takes over Ashland Canada
      286 9 N.AMERICAN t i Reuter KAISER Resources Ltd said it completed the acquisition of a 79 per cent interest in Ashland Oil Canada Ltd from Ashland Oil Inc for US$36B million. Kaiser and Ashland announced In July that the' boards had approved the transaction at a
      Reuter  -  286 words
    • Article
      Lock icon Chryslers will cost more next year
      339 9 UPI THE price of the 1979 Chrysler Corp car with average equipment will be US$273 or 4.2 per cent higher than on the last 1978 models, the No. 3 car maker in the United States said. The increase Is comparable to those announced earlier
      UPI  -  339 words
    • Article
      Lock icon Heizer next on the list
      888 9 AP Washington Star NED HEIZER Is head of the biggest company of Its type In the United States. But he Isn't happy about It."The only reason we're the biggest Is because securities regulation Is killing off the rest," says Mr. Helzer. And he claims his
      AP; Washington Star  -  888 words
    • Article
      Lock icon HIGHER COPPER PRICES FOR ALL
      147 9 Reuter COPPER Range Co said It has Increased Its base price for Lake Copper to 69 cents a lb from 67 cents, effective Sept 3. Newmont Mining Corp said its wholly-owned Magma Copper Co substd.a:y has also increased the price for electrolytic copper full plate
      Reuter  -  147 words
    • Article
      Lock icon Ramada Inns signs accord to buy Ambassador
      107 9 Reuter RAMADA INNS has signed an agreement to buy the Ambassador Hotel in Atlkntlc City, New Jersey, which it plans to convert Into a casino hotel. A preliminary agreement was announced last week. The agreement also Includes a three-year option to acquire the
      Reuter  -  107 words
    • Article
      Excess capacity in European market hits Dunlop profit
      453 9 LOW COST Imports and a European tyre market still suffering from excess capacity eroded performance at Dunlop Holdings during the first half of 1978. Sales were 9 per cent higher at £749 million, against £685 million, but volume was Uttle changed and
      453 words
    • Article
      George Wimpey gives a nasty surprise
      260 9 A FIRST-HALF 1978 profit slowdown of £3 million to C 14.5 million at the pre-tax level by George Wimpey and Co. took London by surprise. The market had been expecting an Increase of some C 3.5 million for six months. Operating surplus, including the
      260 words
    • Article
      Lock icon Lucas opposes deal
      153 9 Reuter THE LUCAS group said as the holder, of 49 per cent of Ducellier, It has a right to first refusal on the 51 per cent held by Bendix Corp (USA) through its French subsidiary DBA (Ducellier, Bendix Airequipment). Lucas said it is taking legal action because
      Reuter  -  153 words
    • Article
      Lock icon TSE suspends trading in Oji Paper Nippon Pulp
      228 9 r ASIAN Reuter THE TOKYO Stock Exchange (TSE) said it suspended trading In shares of Oji Paper Co Ltd and Nippon Pulp Industry Co Ltd on the market for Wednesday. The step was taken prior to the announcement of a planned merger
      Reuter  -  228 words
    • Article
      Lock icon Matsushita optimistic
      76 9 Reuter MATSUSHITA Electric Industrial Co Ltd president Mr. Toshihiko Yamashita* said he expects consolidated net income to rise about 10 per cent in the year ending Nov 20 from <8.02 billion yen last year.'on sales expected to be up also 10 per cent from last year's 1.89 trillion
      Reuter  -  76 words
    • Article
      Lock icon Nissan plans to make Euro-car
      260 9 FT NISSAN Motor Company has announced plans to produce a European version of its "Asia car which was specially designed for assembly in South-east Asian countries and has been under production in Thailand since June. The vehicle, renamed the Datsun Sado for the European market,
      FT  -  260 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      558 9 If NEW From BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its
      558 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1354 10 •810 and offer prtcee officially listed and buatnew in ud reported to Um Stock Exchange of Singapore yeeterday with tbe number ofttaree traded ihown In bracket* tn lota of 1,004 unite unleea otherwise tpecltted Alt Time Settlement Contract* are quoted after the word "eett." Big Board deal (in
      1,354 words
    • Article
      Government bonds
      67 10 4 V«% I/VBO (250.000) (09.528 09.598) 4 3/4% IS/0/66 250.000) (00.058 100.008) V 4% T F IWBI-64 250.000) (im.ooß) MS)* (250 000) (100.708 mooo > 7 1/4% 1/1/87 J250.000) (100.70B) t 1/2* T P IWS7 (290.000) (100.408 100.556) 1/4* T P IV4/I1 (250.000) .(100.SOB 100.456) 1/4* T P
      67 words
    • Article
      Stock options
      95 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number Of options traded shown In brackets. CaU Storaco (Dec 62.30) (0.468). C ui C (Dec 64.40) (1.008 1 406). P ii
      95 words
  • Article
    SHARE INFORMATION SERVICE
    2463 10 1*78 High "Low Company Last Sale Gk's Div Di» Crr SECTION ONE Gr'» Y'ld Net P/E V«l C898) Day High Low INDUSTRIALS 272 ft 275 111 279 926 245 660 132 123* 112 133 195* 60S 162 173* 140* 256 Ac ma Alcom Allied Choc BAT Bata
    2,463 words
  • Article
    Unit trusts
    134 10 HNGAPOBB UNTTTBUB T INCOMBBOK D UNIT <■■■■»■■• frtM ftrOMItaD (Cm i mi pri M) The Commerce.... U) 1.17 INCOME BOND l.M 1.1* The Smvin* Pund 140 8 pow Prot Pund I ts l l.M ■Mad Spore Security rand l.w S pore Invert Pund l.M l.M l.M Plrst Bumiputrm
    134 words
  • Article
    In Kuala Lumpur
    1558 10 BID and offer prices officially Hated and bualneu In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown in bracked In lota of 1,000 units unless otherwise specified. INDUSTRIALS MM (1MB). Ajlnamata (S.SOS). AtoMH (2.888) (1) IST XD A OkM
    1,558 words
  • Article, Illustration
    Market rally fizzles out
    693 10 THE RALLY ef the day before carried ever aad pushed share prices higher before Wfitag out ea ths Stock Bickasfls ef Stage pore y soles day. Brokers had expected this. The market is la ae poaitioa to react tee steeply bicker, they said. la fact, ths
    693 words
  • Article
    KLSE prices close easier
    634 10 SHARE prices on the Kuala Lumpur stock market closed easier on revived sell' lng pressure In the frontUners. Opening prices were marginally higher, but bylng Interest subsided as trading appraoched the morning close. Thereafter, sellers moved in. depressing prices on a fairly broad front. Selling contlnuned
    634 words
  • Article
    COMPANY MEETINGS
    143 10 HUMS Industrie* (Malaysia) Bhd: AOM to be held at Jalan 219 off Federal High way, Petallng Jaya, at 11.30 a.m. on Oct 7. Hum Industries (Far East Ltd: AOM to be held at 2nd Floor, 13.7 km, Buklt Tlmah Road, at 12 noon on Oct 9. Southern Kinta
    143 words
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  • COMPANY NEWS
    • Article, Illustration
      Tangfastic profit at Tang's despite poor sales growth
      625 11  -  By ARTHUR NG AGAINST even its own expectations, C.K. Tang has reported another hefty rise in earnings despite poor sales growth. Fears of limitations on how much margins can be squeezed from its sales as expressed by chairman Tang Choon Keng in
      625 words
    • Article
      SPPL produces acquisition information
      668 11  -  By MANO SABNANI AFTER some nudging from the Stock Exchange, Singapore Paper Products Ltd has revealed further details on its proposals to acquire a majority stake in two companies in the construction industry. SPPL Intends to purchase, on a pro-rata basis, 51 per cent of each
      668 words
    • Article
      JOHAN HITS THE UPWARD TRAIL AGAIN
      212 11 CONTINUING its profit growth, Johan Tin Dredging has netted higher profit again for the half year to July 31. Pre-tax profit roee some 19 per cent to 913,475 after the company had achieved a more than three-fold increase in the last financial year. The
      212 words
    • Article
      OLYMPIA
      49 11 OLYMPIA Plywood and Timber Products Bhd said It is in the process of incorporating a wholly-owned subsidiary by the name of Olympla Development Sdn Bhd. The company said It would lnfor the Kuala Lumpur Stock Exchange of the details as soon as it received the certificate of Incorporation.
      49 words
    • Article
      DIVIDENDS ANNOUNCED
      550 11 Current Ex Books Date Total for Total for payment Date clooe payable the year previous year Hume M 9% Sept 13 Sept 23 Oct 7 15% 10% Hume F.E. 7'/,% Sept 22 Sept 29 Oct 16 12*% 10% Guthrie 2%I Sept 25 Sept 30 Oct 9 2% 1%
      550 words
    • Article
      SCRIP ISSUES
      168 11 Com p**y Particular* Kx Data BookaC Temerloh MBS Harimau Rotknuun Carlaberg Pub. Bank Synthetic Reaina Faber Merlin T. Cement Bonus issue of 1 for 0 Bonus issue of 1 for 5 Rights issue of 1 loan stock for 2 ord. shares Bonus Issue of 1 for 4 Bonus
      168 words
    • Article
      S'gor Dredging faces setback in production
      273 11 DESPITE steps being taken to Increase the yardage worked on mining property and reducing the down time of the dredges, production of tin for the coming year at Selangor Dredging is not expected to Increase because of low grade ground ahead. The chairman, Dato
      273 words
    • Article, Illustration
      The bulls and the bears met in September . . .
      1076 11  - The bulls and the bears met in September ■y PETER CHIA DREAMS were shattered last month at the Stock Exchange of Singapore. September began happily enough on a buoyant note and small speculators swarmed the broking houses and the SES gallery, attracted by what seemed to be an opportunity to
      1,076 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      248 11 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia." Now the
      248 words
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  • Article
    Feuds in Indochina give Asean nations peace
    351 12 CURRENT political patterns in Indochina hold out the promise of more years of relative peace and stability for Asean nations. There is more time for more economic progress to be'tchleved, and for some of the social and political problems to be lessened, If
    351 words
  • Article
    PHILIPPINE TRADE TEAM DUE
    110 12 A 10-MAN trade team from the Philippines will visit Singapore on Tuesday to meet importers here.,. The team will promote Philippine exports to the Republic. Organised by the Chamber of Commerce of Quezon City, the mission is made up of exporters of building materials, furniture, fibreglass
    110 words
  • Article
    Drop in foreigners' contribution to GNP
    957 12  -  BY JOHN TAN FOREIGNERS and foreign companies resident In Singapore last year contributed $2.7 billion towards Singapore's gross national product of $15.7 billion. Their contribution represented some 17.2 per cent of the GNP, which is slightly lower than the 18 per cent In 1976.
    957 words
  • Article
    LONDON STOCKS
    812 12 LONDON. Thurs. Shares lost ground in light trading today, reflecting concern over the outcome of pay talks at the Industrial gases producer BOC International. dealers said. The company Is due to reply to a union demand for a substantial pay increase next week. Gold shares eased in thin
    812 words
  • Article
    Lock icon HONEYMOON OVER FOR FOREIGN FIRMS
    154 12 AP THE Philippine government has scrapped in* centives enjoyed by foreign supported pioneer companies and will cancel (heir registration if they do not improve worhing conditions for their workers. Under an agreement signed by Ministers Bias Ople of Labour and Vicente P.aterno of Industry, the
    AP  -  154 words
  • Article
    BLANKET TV QUOTAS
    60 12 A COALITION of US television makers and their unions said they want quotas on Imports from all nations. The coalition, called Compact, said the orderly marketing agreement negotiated with Japan last year has been successful In slowing Imports from that nation, but the agreement "has been torpedoed
    60 words
  • Article
    Lock icon Kreps presses home demand
    809 12 Reuter AP US COMMERCE Secretary Juanita Kreps yesterday pressed Washington's demand for Japan to Import more American agriculture products and fish. .Tokyo sources said Mrs. Kreps told Japanese Agriculture Minister Ichiro Nakagawa that increased American agricultural and fishery exports to Japan would help rectify the current
    Reuter; AP  -  809 words
  • Article
    US team to help push local exports
    186 12 SINGAPORE manufacturers are having discussions with a visiting team of US manufacturers' agents towards more effective representation and penetration of the American market. Some 45 members of the Singapore Manufacturers' Association (SMA) met the 50-member delegation from the Manufacturers' Agents National Association (Mana)
    186 words
  • Article
    A and P picks Singapore for board meeting
    585 12  -  By COLIN CHEE THE board of directors of one of London's foremost International money brokers will meet In Singapore next week. The quarterly board meeting of Astley and Pearce Holdings Ltd will coincide with the opening of the group's wholly-owned subsidiary In
    585 words
  • Article, Illustration
    Broad consensus on insurance issues
    465 12  -  ■r SOH TIANG KENG THE 9th conference of the East Asian Insurance Congress ended last night on an optimistic note. Singapore delegate, Mr. Tan Hoay die, the newlyelected president of EAIC, said the conference at Shangri-La Hotel was a great success. "About 1,000 delegates from
    465 words
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  • Article
    SHIPPING TIMES
    2288 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following lut tabulates, by port of destination the name of the ship, the shippinc line involved, and the estimated dates of arrival and departure.from Singapore port. t Cinrtl—■ ScaaDutch ku Hal seritot irrufMDent wtth
    2,288 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      669 13 Scan Dutch Fast and Regular Service To/From N.C. /SCAN/W.MED7 U.K. Singapore: Tel. *****. Port Keiang Tel. *****1. Kuala.Lumpur Tel. *****. Penang. Tel. ***** SHIPPING 31SANKYOLINE AUSTRALIA SERVICE PKdMg Singapore Loading* MAYBREEZE IN POT 7/1# OCT FREM. YUE RIVER 13/15 OCT 11/12 OCT THREE STM 18/28 OCT 17/11 OCT SYO. MEL
      669 words
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      Page 13 Advertisements Column 2
      514 13 THAt UNt Vrt^w REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/ BANGKOK mil SAMUTI mil SAMUT V.22 KITI SAMUT 23 S Oct 70rt. !50d 11 Oct 14 Od WOK WOd Od 23 Od 25 Qd MOd -Oct «R MGS/ENQUIRIES OCEAN SHIPPING t WE. HI) 21ST FLOOR. MARINA HOUSE. SHt l* RAT.
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      589 13 ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN POm Of ITALY, SPAIN, FRANCE M OtNOVSSIM HA) Of PI S POK f ItfMf Undurpaf Pwts Oct II Oct u Sam MYFISHM 22 (M- MM BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP U.K. ACCEPTING THROUGH BILLS OF LAOING TO MAIN U.K.
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      198 13 NOTICES DONG SUE LINE M.V. DONG MIN VOY. 11/78 arrived 30th September. 1978. at P.P.W. Godown 303 CB 7. General survey on damaged cargo discharged ex the above vessel will be held on Tuesday 10th October. 1978. as from 9.00 a.m. to 5.00 p.m. No further survey will be held
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      25 13 Nedlloyd Lines Regular Uner Services To/From All Parts of the World. Singapore: Tel. *****. Port Keleng: Tel *****1. Kuala Lumpur Tat *****, Penang Tel. *****
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      866 14 FUUf CONTAINERISED TO EUROK City ef £*a6*rfk Ummm 1 Eiprtss It tn J *"T 12/11 1411 EXPRESS CONVENTIONAL TO EUROPE rm P Mu«t Ni u 17/10 21/11 6/10 27/10 23/10 4/11 20/10 6/U H/ll 13/11 20/11 22/11 9/12 20/12 30/11 17/12 3/1 B'kma Mm imrj 8/11 31/10 2/U 17/11 13/11
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      295 14 barber blue seal US ATLANTIC US GULF I EAST CANADA Tmu I OdW/» *e»5/6 Od 22/24 Nw 1/1 nm l»/2t Oct 27/21 Oct 30 N«eU/14 2«/25 Oct 31 Not 15 No, 16/17 Rw 27/2* DM 19/2B u 6.474/10 64/1« 21-21/H 7-9/12 B Sibwip SeafiMa 14- IS/12 11-19/12 Loj Anfetei Sin
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      Page 14 Advertisements Column 3
      674 14 LAND j 1.5.A./ASIA SERVICE IT REFRIGERATED COWTAHKR SERVICE SAILING EVERT WEDNESDAY FOR PORTS, IN USA, mm. CMRNUR. MPM. UNO. TMMM. MOM ROM. TNUUM MM) PMIiIfPHKS Vessel Arrives/Departs MORLD LION VlO oci 12/13 ***** fWORLD TIGER Vll oci 19/20 OCTIB WORLD LION Vll OCT 26/27 25 NORLD TIGER Vl2 NOV2/3 MM)
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      942 14 Everett Lines w iurma Five Star Shippin 'BURMESE NATIONAL Ll LOADING FOR RANGOON NTANTAMTOA (latitat) 12/13 OCT B F $SC Agents in Malaga TEPS MALAYSIA Port Wang Te4 <38) 7355 Pening Tel. *****/***** .ijLl# v CompanU Arf entina De VnNivetacion Intercontinental S.A.C.I.F. VfJrA 'AR6ENTINE NATIONAL LINE" x LOADING FOR DURBAN,
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      506 14 I \K i) I\ I I\\\ Ml Orient Overseas CotUcjMeA Line FULLY CONTAINERISED SEWICE TO EUROPE (VIA SUEZ) PTUNE KMI 11* RCATORI* lEMTAI CHIEF 1M (DM CONTAINER 12* IEMTAL RESEARCHER 4* US BRIDGE ll* 'TUNC CORAL 1M CVALIEI 1* All vessels c*ll Bremerhaven after Hambwi .SEAS MIKE 17E '(MENTAL RESEARCHER
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      Page 15 Advertisements Column 1
      1132 15 QC.L. Overseas Containers Limited N'Wrg ft&m U I'm t. Kelanf D'mrk Brwt A'»trp Nor* EKMHU It kt It M 1 Mm lln tin (I M UT 18 act M act Hot 11 to* Mm UDm SM»WllMl»hiillliail> nmuk emus »i act w at» 11 not a mcb mi wi una hot
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      Page 15 Advertisements Column 2
      959 15 Ben Ocean A/antaemcmcfßmiLinGßlueFlmnelGienUneandNSMO TV M/tMTMMT (Mi lad tae TipiiP. P IMM Nmaf Inn lENCRIMCNAN Mat 1 He teadah Lllllll. Mali ■ENVANNtCN 1/ 1 Na* U lac *i»m. imltflM. Hon Ta HI K1 PORTS LAERTES 11/14 Oct MO** Aaaba tart SwM. Hadeidaa. Aden LVCAON 11/12 Ita* (Accepting CMtoiMis eat tnitM carpi
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      926 15 FTC* BEN LINE NMMI II W IS Bet r ii m a kt km a an limn *i act MUM I Mm M I Mot a Mm) a 11 Mot 12 M«n 2 21 Mot 22 Mot a Mot 17 It Mot a MoT <a MoT) 22 a m« a
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      878 15 r Scan Dutch V o <: '■UiM.lll'l.lM'ld.Hll'f ONTINENT/SCANDINAVIA in* P Ma »nu !*n 1) Mx,n~> 7) Nap H Hkuri 4) Cbure mt WUMMA 11/ M n,« wW 1/11 1/11 I 7 mti EASTBOUND FROM MED/UK/ •w; 111; 1a; I^LVI 1) C Kf| t) M WfX s I IH 4| ItH
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      407 15 GUTHRiE BOUSTEAD THE BANK LINE LTD I FESCO LINES FEStfO STRAITS PACIFIC LINE f0« PACIFIC SOOTH AHB NOOTHWtST S'oore P KHfif Penan t T'mani Kuantan MV I. ROTIVAtfVSRIV Oct 14/11 Oct 11/J1 Oct B/it Oct n/n mv A. MNI Oct »/n not 1/« on v I Oct am MV MARNTUM
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      759 16 K LINE KAWASAKI KISEN KAISHA. I TD iumij.ui HVJ <rusKS w** i S oort P. Kelaaf I. Havre H'bwg *"<*• MiPYINE PEARL 11V >■ Pert 1 kt 21 let 27 let 21 let let MftCiTM nr .S let II kt 2 Ma* 4 Ma* 5 Na* I Na* ATM IV
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      Page 16 Advertisements Column 2
      694 16 JUMABMOv H, SONS P' f iT o 9 1 2S 11 r»< .UMAOHOV SONS V SON BMO p ara T *****6 8 AFEA LINE RECVLAR SEMICBHTAINER EXPRESS SERVICE DIRECT II lACOS APAPA SINGAPORI CAPTAIN LY6NOS IS/21 fc CONDORE IS/21 Kr »|e«ts SIN6APORE SNIPPING ACENCIES PTE LT» -Zr Tel: *****1 (14
      694 words
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      Page 16 Advertisements Column 3
      1096 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINCBISCO MAVICtS: S pott P (tlr( S tun N. rum. la Part 7 let 24 let 21 let 21 let MOCATMt n let tt let II let 21* 4Me I. CWIF 21 let 22 let 7Me IMe 11 Me I. M CMTAINCI 21 let 21
      1,096 words
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      532 16 MU*rSIAH HTtnSATIOHAI SMMNG CO*PO*ATKH BfftHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FRO* MED/UK/CONTINENT/SCANO<NAVIA (IUMU IM N MIT nuactic* )<» UIMMU tUMtu i 4/» mmm FBAMCtSC* |1/a N Mi MIA ruacEKi 4/11 rtruai rmt 0 mm.lwc Bto *K| atari SarM 17/ IB a/IB MM UN IX/W »/1» N/1B 1/11 |/11 n/a »/ii a/11
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      Page 16 Advertisements Column 5
      521 16 INTRASEA (PTE) LTO in i act m tart MM MM 1 1 ttm mtmsu no in. m HVfM t TVM S'k*M»to« Mifl^Us' /N tan/ S'Mawtai/MMMUIrs 'MM/N'torf. E2 Vr ALPAC LINE SOUTH AFRICA SERVICE S*por« P. Mtwt Pimm vertu n a let 17 act •Mfc WIN MTUSU no LTV.—tMMIt i i—jw
      521 words