The Business Times, 8 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. nvim THUBBDAY, JUNK 8, 1978 50CENTS
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  • BRIEFLY...
    • Article
      Lock icon Bigger bank vote
      69 1 Reuter. TOKYO, Wed. Japanese Finance Minister Tatsuo Murayama asked World Bank President Robert McNamara for support in Japan's plan to gain a larger World Bank Voting share commensurate with its Increased economic strength, ministry officials said. Japan's voting share will Increase to 3.8 per cent as a
      Reuter.  -  69 words
    • Article
      Lock icon Down Under anyone?
      92 1 Reuter. CANBERRA, Wed. The Australian government announced here today new lmmlgratldn policies to attract at least 210,000 people in the next three years from a wide range of countries. Immigration Minister Michael MacKellar announced the changes in Parliament and described them as a comprehensive policy review. The
      Reuter.  -  92 words
    • Article
      Lock icon SOS, Red Adair
      74 1 UPI. JAKARTA, Wed. Internationally-acclaimed fire-fighter Red Adair arrived in north Sumatra today where a gas well fire sending flames 50 metres Into the air has been raging out of control for four days. Mr. Adair, from Houston, arrived in Singapore this morning and transferred immediately to a
      UPI.  -  74 words
    • Article
      Lock icon No import taxes
      59 1 AP. JAKARTA, Wed. The Indonesian government has abolished Import taxes on several Items needed by domestic Industries, Ma J. Oen. Ismail Saleh, Secretary to the Cabinet, said today. Import duties would be removed for pure sliver, Bure metal yarns, raw materials for the shipping ldustry, ship machinery,
      AP.  -  59 words
    • Article
      Lock icon California's revolt
      65 1 Reuter. LOS ANGELES, Wed. Californlan voters today launched a taxpayers' revolt against government spending and it is expected to spread across the United States. A proposal to cut property taxes by more than half Is expected to be approved overwhelmingly. With about a third of the ballots counted
      Reuter.  -  65 words
    • Article
      Lock icon Prime Minister Marcos
      64 1 Reuter. MANILA, Wed. President Marcos will be sworn in this Monday as Prime Minister of the Philippines as part of a transition from presidential to parliamentary government, the Presidential Palace said today. A statement said Chief Justice Fred Castro would administer the oath when the newlyelected interim
      Reuter.  -  64 words
    • Article
      Lock icon Lee-Suharto talks
      30 1 UPI. JAKARTA, Wed. Mr. Lee Kuan Yew will hold talks with Indonesian President Suharto in Ball from June 25 to 27, an Indonesian government spokesman said today. UPI.
      UPI.  -  30 words
    • Article
      Lock icon Strauss encouraged
      109 1 Reuter WASHINGTON, Wed. US presidential Inflation adviser Robert Strauss said today he was encouraged by response to President Carter's antiinflation plan and was ready to be Judged late this slimmer on whether it was working. He cautioned against expecting dally signals of growing support for the plan, which
      Reuter  -  109 words
    • Article
      Lock icon Dow Jones
      43 1 UPI NEW YORK, Wed. Profit-takers drove stocks lower early today in active trading. The Dow Jones Industrial average was off 3.63 points to 862.87 around 11 a.m. Declines led advances, 683 to 393, among the 1,552 Issues crossing the tape. UPI
      UPI  -  43 words
  • Chief Price Changes
    • Article, Illustration
      In Singapore yesterday
      201 1 Rises Most active GobuMM 600 CJkC 410 HM(LMH 390 OCBC 725 DulepBrt 358 Utd Plaatatfooa 235 SIsm Derby 230 PtkufCaM 208 TgaauDrr 182 Y H 8 MsU 224 Metre HMgs 175 +20 v +8 +8 +5 +4 +4 ♦4 +4 +4 +3 +3 Sim D*rbv 307,000 Faber
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  • Article
    Singapore takes one pc stake
    656 1  -  ASEAN PROJECTS' EQUITY ACCORD By COLIN CHEE SINGAPORE will only take a nominal one per cent stake in Asean projects Implemented under the industrial complementation scheme if its own Asean-based dlesel engine project does not take off on a viable basis. The decision was reached
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  • Article
    KL SETS DATE FOR GOING ON STREAM
    324 1 MALAYSIA'S US$23O million (SSS3O million) urea project in Bintulu one of the five Asean Industrial projects will come onstream in 1983 now that it» has been accepted by the Asean nations with slight ipodificatlon, Malaysian Deputy Prime Minister Da to Serl (Dr.) Mahathir
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  • Article
    An elite group with no sense of belonging
    646 1  -  •y TERESA LIM MOBT OF Singapore's professionals and intellectuals are young, mobile, politically conservative, and have little commitment to their community or to Singapore. These findings were reported in the latest issue of Singapore Spectrum, a bi-monthly supplement to the Mirror, which
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  • Article
    Siam Cement loan
    278 1 A USSSO million (B*lls million) syndicated loan for a Thai company, Slam OmOnt, has been put together by the local offshore office of Chemical Bank. Other members in the management team are the Bank of Montreal, Lloyds Bank, Morgan Guaranty Trust Company of New York and Sanwa
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  • Article
    Samuel Montagu seeks merchant banking licence
    332 1 BRITISH merchant bank Samuel Montagu has apsnod a »iprMiuUtiw office in the Republic. The office, on the 36th Hoar of tha OCBC Centre, is believed to ba preparing for full-scale merchant ha airing operatlau. It it understood that an application far a licence has
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  • Article
    Average income up by half says survey
    424 1  -  ■y QUEK PECK UM THE AVERAGE income of a working person In Singapore has Increased by more than half over the past fire years. Figures contained in the recently released Report on the Survey of Households by the Statistics Department lists the overall
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  • Article
    DOLLAR RECOVERS
    118 1 THE US dollar continued its recovery against the yen yesterday as importers bought dollars, as did some banks which had oversold the U8 currency on the Tokyo foreign exchange market. It closed at 221.25 yen, up from 220.775 yen on Tuesday and Its recent low of 219.75 yen
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  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      347 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, BITC, SITC May 15-June 15: Compensation Employee Benefits, Hilton, POD June 1-9: Mngt course, RELC, Arthur Young Co June 5-July 29: Life Agents Certificate Course, SITC, SITC June 8-22: Personnel guidelines policies, Hilton, POD June 9-10: Understanding
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    • Article
      Cold store complex to boost our warehouse role
      210 2 SINGAPORE'S role a* the regional warehouse will be enhanced by a $10 million, five-atorey cold storage complex to be built within Keppel Wharves. Tlie complex will be operated by a joint venture company set up by the Port of Singapore Authority (PSA)
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    • Article, Illustration
      The importance of projecting a public image
      688 2  -  By SIVA ARASU PUBLIC relations is playing an Increasingly important role In management today, according to a public relations executive. Top management has come to realise that employees as the public Image of the boss are a critical factor In maximising profits. With
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    • Article
      Lawton is president
      143 2 MR J.W. Lawton, chairman and managing director of General Electric Company, was elected president of the British Business Association at its annual general meeting recently. The two vice-presidents elected are Mr S. Peacock, manager of Ben Line Steamers and Mr D. Lowe, manager for Singapore and Indonesia
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    • Article, Illustration
      Why you made that move...
      501 2  -  •y WANG LOOK KEAH RESIDENTIAL mobility In Singapore Is Influenced by the socio-economic status of the Individual type of housing available rather than by urban redevelopment, which Involves acquisition of land and, therefore, compulsory resettlement. A survey was carried out recently to obtain a better
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    • Article
      SEMINAR ON WIRE AND CABLE
      97 2 UNION Carbide Asia Ltd (8) Is organising a one-day wire and cable seminar today at the Marco Polo Hotel. Experts from the Union Carbide Corporation of the US will address the participants which will Include officials from the Tele* communication Authority of Singapore, Singapore Institute
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    • Article
      Canadians to offer knowhow and agencies
      239 2 AN EIGHT-MAN delegation from some of Canada's largest engineering and construction companies will arrive here on June 13 for a two-day visit. These companies, wellknown internationally for their expertise In handling projects under weather conditions prevailing In rugged terrain, are from British Colombia. The
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    • Article
      Lock icon Jingling sound from 6 million Aussie pockets
      282 2 Reuter. SIX million Australians will receive a 1.3 per cent wage increase under an arbitration award announced yesterday which for the first time In 18 months fully compensates for the latest rise in the cost of living. The National Arbitration Commission, which examines
      Reuter.  -  282 words
    • Article
      ON THE ROAD TO EASING JAMS
      251 2 THE completion of the MslBo-mllllon Kuala Lumpur Urban Transport Porject In two years Is expected to ease traffic congestion In the Federal Territory considerably, the Malaysian Deputy Works and Utilities Minister Dr Ooh Cheng Telk said. He said the overall progress of the project
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    • Article
      Scienex '78 sales
      107 2 Exhibitors at Scienex '78. an exhibition of industrial and analytical Instruments held In Kuala Lumpur last week, can expect to make more than $3.5 million in sales over the next 12 months. These sales will be a direct result of contacts made at the exhibition. Floor sales
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      172 2 /drJfofcC Message and Greetings from the iiu =fivi ASSURANCE CODPORAnON LTD. (ESTABLISHED SINCEI92O) "lb our clients,policyholders and agents all over Singapore and Malaysia. Thank you for another wonderful year of strong support Our Chairman, Tan Sri Tan Chin Tuan, has reported the following in his Statement for 1977 to the
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      594 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROBB 1 To start with, there's wood on the way (5) The beast looks like Teddy! to be taken In by a killer (7) l Welsh Islander (5) A prise to fight for (S) I Holds up some private operations (5) I Such a colonel Is
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  • OVERSEAS
    • Article
      Lock icon Savings outflow may swell UK money supply
      476 3 Reuter. A" LAROK outflow of funds 2®b Britain's National Saving* Bank (NSB) this month may lead to a sharp ae In UK money supply Increase the problem of funding government debt. Authoritative sources estimate that the bank win lose a net £150 million
      Reuter.  -  476 words
    • WORLD IN BRIEF
      • Article
        Lock icon FROM BUBBLY TO SPARKLING
        347 3 Agencies THE BRITISH manufacturer of Babycham drink agreed to stop using the word champagne to describe the beverage It {> reduces, ending a bubbly egal battle against the champagne houses of France. Under a peace pact announced In the appeal court on Tuesday, the British firm,
        Agencies  -  347 words
    • Article
      Watch out for fines, Europe steel makers
      192 3 WEST EUROPEAN steal firm* which do not roopoet coospuloory minlnunn prioos will b« finod from the Btinu Divlfßoa annownood la I in— burnt on TtMsdtay* Ho told the foreign ministers of tho also Marhot countries that tho ffaMO would nhki concrete reinforcing rods,
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    • Article, Illustration
      Lock icon Sell Statue of Liberty to save New York
      417 3 Reuter NSW YORK Major Edward Koch has received a sceptical response to an impassioned appeal for more Federal aid to save America's tartest city from bankruptcy. In a moment of levity, he said the situation, a matter of fiscal life and death,
      Reuter  -  417 words
    • Article
      Portugal gets IMF standby credits
      208 3 THE International Monetary Fund said It has approved .a standby arrangement under the second credit tranche for Portugal authorising purchases up to the equivalent of 57.35 million BDR over the next 12 months. The Fund said in Washington on Tuesday that arrangement Is In support
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    • Article
      Oil companies spared $32b in taxes claim
      554 3 A US HOUSE Subcommittee has asserted that American oil companies operating in petroleum-producing countries abroad have been spared US$l4 billion (8*32 billion) in taxes since 1990 because of allegedly improBsr rulings by the Internal evenue Service at the insistence of the White House
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    • Article
      DEAL GOES OFF THE RAILS
      504 3 A NEW contract for 450,000 railroad employees that the Carter Administration had hoped to display as a model of wage restraint Is shaping up as a disappointment. Mr. Robert Strauss, the administration's antllnflatlon chief, said he had received a disappointing report on the settlement that
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      1071 3 CREDIT SUISSE SOWEIZEWSC^^I® Man sfcMtas of (After distribution of profit balance) 31.1977 Cosh Due from banks sight Due from banks time o/ which maturity within 90 days or less Due from banks, total Bills discounted and money market paper of which short-and mediumterm federal securities 1977 1976 Change Sfr. Sfr.
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      393 4 THE Singapore rubber market started marginally higher yesterday. Prices rose as some trade and speculative buying found sellers reserved* Nearby forward enquiries helped sentiment. Turnover was fair, but physicals were neglected. Prices generally rose and June RBB One buyers were 223.75 cents per kilo, up 2.25
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    • Article
      RAS PRICES
      161 4 R.A.S. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. i R.S.S. prompt f.o.b. 222.50 223. SON 224.50 225.SON Int. 1 R.S.S. June 223.00 223.25 225.00 225.25 Int. 1 R.S.S. July 223.00 223.23 225.00 22S.25 Int. 2 R.8.S. 214.00 215.00N
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    • Article
      SSR PRICES
      37 4 NOON 8SR price* yesterday: HAS Ju_ (Currant Mtk) Buyera Sailer* (-■leper kg) July (Ferwanl Mth) Buyer. Mien (Mill per kg) 8SR20 (1—ton Pallet) 208.00 210.00N SSR50 (1-ton Pallet) 206.00 206.00N 209.00 211 00N 207.00 200.00N
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    • Article
      Palm oil
      87 4 C.I.F. North European ports In US dollars per ton unless otherwise stated. LONDON: Tuesday Previous Malaysia 5% ffa bulk per tonne August 608 sir 610 N Sumatra 5% ffa June 715 sir 710 sir July 072.50 sir 655 sir 600 pd August 620 sir 600 sir 605 pd
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    • Article
      Closing prices
      16 4 KoMar: June 7 Siafapore: June 225.00 casta (up 3.50 cents) Malaysia: Closed Tin: Cloead
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    • Article
      Rice
      218 4 BANGKOK rice prices- were quoted as follows yesterday: (US dollars per tonne FOB basis Bangkok): Whit* Kin: 100 pet 1 st class 442. 100 pet 2 nd class 427. 100 pet 3 rd class 422. 5 pet 413, 10 pet 400. 15 pet 392. 20 pet 387, 25 pet
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    • Article
      Treasury bill tender
      50 4 THE MONETARY Authority of Singapore invites banks and discount houses to tender/for* (a) $30 million 91-day Treasury bills to be issued from June 12 to June 16. (b) 820 million 364-day Treasury bills to be Issued on June 12. Each tender must not be less than $250,000.
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    • Article
      Produce exchange
      367 4 THE LOCAL coffee market eased as dealers had to mark down their prices in line with the downtrend In overseas markets The fall in the London and New York markets resulted from expectations of milder weather In Brazil. Roasters were reluctant to buy and trading was very thin
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    • Article
      Coffee
      344 4 ROBUSTA futures in London ended the opening call slightly steadier, having recovered slightly from Initially traded lows yesterday morning. -At end call, losses on> Tuesday night ranged from £34 to £82 per tonne. 1,444 lots were traded. Including around 550 lots of cross trades. Biggest losses were In untraded
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    • Article
      Hongkong comex
      206 4 THE sugar futures market closed USO.IO to 0.25 cents lower yesterday in continued quiet and featureless trading. Turnover totalled seven lots against 15 on Tuesday. The Hongkong dally spot price eased 0.20 cents to 7.40, while net open positions totalled 52 lots after Tuesday's trading. The cotton, futures
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    • Article
      SPOT PRICES
      197 4 YARN and cotton in Hongkong dollars soot ex-godown: Couoa Vara: China Blue Phoenix 20's 1.735. 32's 2,150. 40 s 2.140. (per bale of 400 lbs). Place Good*; China Butterfly and Olobe Brand unq. Dragon Head una. Five Lambs una. Flower and Butterfly unq. Fljrtng Oeeee unq. (per piece
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    • Article
      Tin
      169 4 TIN declined tjf around £47 per tonne for cash and £27 for three months standard metal in London yesterday. High grade was £27 and £15 down respectively. Dealers said despite modest continental demand, values eased under hedge selling and freer offers of nearby metal, with the backwardation narrowing to
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    • Article
      Sugar
      188 4 SUOAR futures yesterday ended a quiet morning opening call with net losses or £1.50 to £1.60 In London from Tuesday afternoon's close, having initially traded over £2 lower In line with pre-market expectations. Volume at the end of the call totalled 1,338 lots Including 1,191 lots on the kerb.
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    • Article
      Cocoa
      274 4 COCOA futures In London ended the opening call £1.5 to £6.5 higher yesterday, having initially traded nearly £20 higher In line with pre-market expectations. Volume at the opening call was light at 268 lots. In subsequent trading, values firmed to show net gains of over £10. Cocoa futures closed
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    • Article
      Soybean
      150 4 SOYBEAN futures in Chicago finished on the downside after ranging to either side of Monday's close In a relatively light trade on Tuesday. Closing prices were well above the day's lows, but reflected losses of USII-3/4 to 8-3/4 cents a bushel. The market showed some firmness in early dealings,
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    • Article
      Wheat
      122 4 WHEAT futures in Chicago posted losses of US 2to to to cents a bushel at the close on Tuesday, finishing around the mid-point of a four-cent trading range. Prices moved to either side of the previous close during the lightly traded session, often taking direction from soybean futures. When
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    • Article
      Copper
      355 4 COPPER wlrebars yesterday morning showed g»«n« of around £3 per tonne all round In London. Dealers said the overnight rise in U8 futures and labour troubles in the Peruvian copper industry helped promote steadiness while good buying from an influential quarter was a supporting influence. These factors tended to
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    • Article
      Silver
      177 4 SILVER in London registered gains of 3.4 to 3.0 pence per troy ounce yesterday morning. The overnight rise at New York and a steadier trend In gold after the fix were the main factors In an otherwise quiet market, trade sources said. Only 23 lots changed hands. On Tuesday
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    • Article
      Gold
      406 4 THS KILOBAR In StofSpore opened at 8513,T66 yesterday, $50,000 higher from Tuesday's does. The kitobar then eased off to a &of $13,606 before noon ng. The market opened firmer in the afternoon and closed at $13,717. Spot gold for London delivery opened at U*****.70/ 183.00. Due to a lack
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    • Article
      Zinc
      46 4 ZINC softened by £2 per tonne for cash and £2.5 for three months In London yesterday morning. Dealers said the market was unsettled by the easier tone in lead, but modest buying at the slightly lower levels provided a steady tone. Turnover was 1,150 tonnes.
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    • Article
      Lead
      52 4 LEAD eased by £5 per tonne all round yesterday morning in moderately active trading of 2,225 tonnes In London. Dealers attributed the movement to long liquidation prompted by a feeling the strike at Amax In the U8 might end soon. On Tuesday afternoon, lead on the day lost £0.5
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        446 4 THE US dollar yesterday held its own against the major currencies on the foreign exchange market. Opening at 220.40/50 against the yen, the dollar firmed to 221.20/30 by the time Tokyo closed. London opening, however, saw the dollar easing back to 220.85/95. Against the German mark, the dollar
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      • Article
        Asian $ and CD rates
        132 4 Asian and CD rates ASIAN currency deposit interbank rue* u at elate an June 7. US Mian 1 (8»M> 7day* 1 mth 2 mtlu Smtlu 6 mtlu 9 mtlu 12 mtlu .7 3/4 7 3/16 .713/16 .•1/2 .Ill/Ik .612/16 8w. Frm. 7 ft/6 71/6 711/16 77/6 03/4 6/16 611/16 Dm.
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      • Article
        Discount
        45 4 RANGE of price* offered by discount houses on June 7 Overnight 2% to 3)4% Call deposits 3** 3-month Boyiac SsilfaW Treasury bills 31/4 31/8 S- month Bank bills 4 7/1 3-month CD 51/4 5 1/8 8-month CD 53/1 51/4 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at* which Singapore banks are currently prepared to lend to their best customer* is 7 per cent.
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      • Article
        Euro $ rates
        127 4 Euro rates FIXED time deposits yesterday held steady, but were adjusted lower because of the Prlday start technicality in generally quiet trading. One montn was marked down 7/16 to 7-% 7-K per cent while two and three months lost to point to 7-% 7-S per cent and eight 7-to per
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      • Article
        Frankfurt
        29 4 FRANKFURT exchanges opening quotes a oaimmm Ou l.MK/M n June 7. MMHWO d(T mn/u Lit 2 rtr 4 Nkr Bfrc Bfr 411/4M A Mm ■•Ml «OlJN *>•.**/ Yen OMSM!
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      • Article
        London
        181 4 THE DOLLAR edged higher on slight profit-taking against most major currencies yesterday, but weakened against the French franc and the lira and held unchanged against the yen. Dealers said the dollar's mixed performance reflected uncertainty in the market, and the tendency to concentrate activity in one or two currencies,
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      • Article
        New York
        166 4 THE dollar closed around its lowest levels of the day after an erratic, active trading session on Tuesday. Dealers said the U8 currency appeared to be trying to find a stable trading range after its recent sharp movements. They noted particularly strong selling of dollars around the close
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      • Article
        Hongkong
        62 4 THE US dollar closed firmer against most currencies in very quiet trading yesterday. It closed at 220.95/05 yen compared with its 220.40/50 New York close and at 2.0860/70 marks from New York's closing 2.0645/55. Sterling fell to U551.8220/30 from New York's $1.8240/50 close, while in the local market, the
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      • Article
        Tokyo
        69 4 THE US dollar for overnight delivery closed higher at 221.25 yen yesterday, compared with a 220.40 opening and 220.75 at Tuesday's close. Dealers said trading was active, with volume US$5O2 million. The dollar for immediate delivery closed at 220.55, unchanged from the opening, compared with 220.52 at Tuesday's close,
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        Zurich
        53 4 ZURICH exchanges closing quotes on June 6. US 1 8230-9230 Stg 3 4979-5028 C*ll 1.7194-7217 Dmk 01 7000-9293 Dfl 85.8N2-8417 Ffr 41 8324-7828 Bfr 5 8700-8797 Dkr 34 0354-0798 Nkr 35 5094-5527 Skr 41 4887-5408 Ut 0 2227-2231 Au* act) 12 7774-7971 Part 4.1MH-19M Spun 2 3996-4044 Arj 0
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      • Article
        Australia/NZ
        58 4 AUSTRAL IA/NZ exchanges quoted on June 7. AUSTRALIA: US dollar 1 1366, 1 1318 Sterlln* *****/ 0 6181 Ninety-day forward bajrtnc mm BUrHna 0 MM U8 down l.l«78 SuHin U /«77 ,mrt burln rmU,; U8 dolhn 1.1311 NEW ZEALAND: Sterling 0 5878/ 0.9M6 08 Mkr 1.0197/ 1.M97 Ninety-d*y •irnmll
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      • Article
        Eurobonds
        216 4 EUROBOND prto* |uoUd on June 7. 0*r Natwe»t 9 79/86 rn«f 9.7597 Couruuklsatc •.ISM WIS M.2S ■VIM 99 92 90.ZS 99 g§ EXBat«9.7BM rtaonscu mm BB 10J5 97 MM KB MM BB ftvn™ Mil 99.92 1 V LAui-JHH Wnrri .96.29 94.73 97.29 99B .97.29 99 ttttl .96. J7 .99.28
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      235 4 HISTORY OF THE WORLD CUP§ The World Cup has always been a fascination. There is never a sure winner in a particular match, however good a side may be. So often, the truly great teams have.not won the cup. The favourite Brazilians in 1950 lost to Uruguay in Brazil, and
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  • TRANSPORT
    • Article
      Sealion's share in registration of S'pore ships
      681 5  -  By CHAN BONG SOO SINGAPORE'S growing merchant fleet In the last few years I is contributed to the success of a local company, Seallon Shipping (S) Pte. Ltd. Since its Incorporation In 1975, Seallon has been responsible for getting no less than 100
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    • Article
      Northwest strike delays Manila flights to US
      467 5 AN airline pilots' strike and an unusually large number of holiday travellers have delayed (or up to four weeks hundreds of passengers waiting for flights from the Philippines to the US. A Philippine Airlines official said the US Civil Aeronautics Board has authorised
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    • Article
      Calmarine bags second Stingray order
      123 5 CALMARINE, a local shipyard, has won a contract to fabricate a second "Stingray" from the same US company which ordered one recently. The order comes along with a bargeconversion contract... Both contracts are worth a total of 1750,000. The Stingray is a new cone penetrometer
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    • Article
      Lock icon Rates to go up next month
      132 5 Reuter. THE Australia/ West India and Australia/ Sri Lanka outward shipping conferences said their freight rates will go up by 9 per cent from July 1 and be held at the new rates for one year. The rise was agreed in negotiations between member
      Reuter.  -  132 words
    • Article
      Lock icon GO-AHEAD SOUGHT FOR THAI JUMBOS
      136 5 AFP. THAILAND'S national flag carrier, Thai International (Thai), plans to buy two boeing 747s later this year, informed sources say. Thai, which has held discussions with the Boelng< Company, is reportedly seeking permission from the Communications Ministry on the purchase of the Jumbos expected to
      AFP.  -  136 words
    • Article, Illustration
      TIGER FLIES INTO SINGAPORE
      252 5 THE warM'a largeet aMMght carrier, Flying TiM Um, ku by Its cargo ■m i im to Bim«por>. TW first rf two iflcargo Jala arrived la fHagapota aa Moad*%hth an inbound flight every Monday this Mrvico will sow hak Singapore with all aajar dtioo of the UattedStates
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    • Article
      Lock icon Hakodate boss takes the rap
      132 5 Reuter. THE president of a Japanese shipbuilding firm, Hakodate Dock has resigned to take responsibility for a massive business loss last year, a spokesman said. Toshlmlchl Honda resigned following the announcement that the medium-size shipbuilder reported a 9 billion yen (8104 million) net loss for
      Reuter.  -  132 words
    • Article
      Lock icon London freight market
      189 5 UPI. SLIGHTLY more business took place In the Far East but this served only to underline the low rates in that area compared to those ruling elsewhere on the market. East Asiatic booked the 30,345 dwt Adrlatlk at U893,750 (818,625) per day for a spot trip from
      UPI.  -  189 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      709 5 ARRIVALS Operator Service Number Local Time From MAS MAS OIA CPA RBA MAS SIA SIA OIA OIA PAL OIA SIA TMA SAS THAI MAS SIA MAS SIA SIA OIA CPA OIA CAL 8IA OIA MAS SIA SIA SIA MAS JAL SIA MAS SIA OIA SIA THAI UTA
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    • Article
      MUSCAT IS IN
      70 5 THE BhM Star Line said in Sydney it added Muscat to West Asian Gulf porte of call for Its proposed New Zealand/ Australia/ Oulf containers service scheduled to start In September. Other Oulf ports on the run are Dubai, Bahrain. Dam mam, Kuwait and Bandar Bhahpur. Blue
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      Lock icon Freight gloom will lift only by 1980
      212 5 Reuter. THE Dutch Shipowners Association (KNRV) said no real recovery In freight markets la expected before the start of the 1980s. On avera«« 0 per cent of world tanker tonnage and 4 per cent of dry carfo tonnage was laid up In 1977,
      Reuter.  -  212 words
    • Article, Illustration
      SHIPS IN PORT
      447 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Car Liner No. 2 (Car carrier) (1700) 45 Centaur (1300) 13/14 Chidambaram (1100 after Jlnyo Maru) 44 Clifford Maersk (0600 after Berezovka) 47 Fortune Star (0900 after Jlangmen) 6/7 Nedlloyd Simonskerk (2359 after Zaanskerk) 3/4 Ocean Supply (B. Barge) (0700) 48 Pamela
      447 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      135 5 barrier the Icl HQUciyG let D on ide vou from w stop contacts Orir» aC t* t \o> db I# 1. rA 4 -i>' P< v jmm* ,F f 0 k «L r YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any
      135 words
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  • Article
    Cool heads will help
    507 6 NATIONAL Interests appear to have once again taken the lead over regional cooperation. What «u originally conceived as a symbol of Asean cooperation appears to have almost become its stumbling block. The Asean industrial projects, once the centrepiece of Asean's resolve to move forward as a
    507 words
  • Article
    A timely reminder for overhaul
    229 6 NEWS THAT the current household survey, now in the process of being sorted out by the Statistics Department, is to update the current consumer price index is a timely reminder that our primary Indicator of the Singapore standard of living has been due for an
    229 words
  • Article, Illustration
    Lock icon UNKINDEST CUT OF ALL
    1621 6  -  TEXTILES 1 By CONRAD RAJ Singapore Bustiness PROTECTIONIST measures by the developed countries have caused consternation in certain sections of the textiles industry. And the people who seem to be complaining most are the middlemen. Not every middleman is happy with the way the textiles and
    Singapore Bustiness  -  1,621 words
  • Article, Illustration
    S-WING-ING BLUE JEANS
    555 6 TEXTILES 2 ONE COMPANY which has faith in the future of the textile industry in Singapore is Wing Tai Garments, the largest jeans manufacturer in the Republic. And it is putting its money where its mouth is, by investing between $5 million and $6 million in new
    555 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      349 6 N Wtf. m ?3H rr*' 'A n i3r f Mil: w?w, T tm-sm?" Hotel RoyaIRAMADA M'* ri(< •s ore "TTc* HOTEL Newton Road. Singapore 11, Republic of Singapore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Delicious food at its most glorious awaits you at t. t* mm Mkbßv Experience the unique
      349 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 OUTLOOK for Singapore fr> noon today: Isolated showers. om 6a.m. REPORT for 24 hour* prior to 7.30 pm on June 7 at the airport. Maximum Temperature 31.0° C Associated Humidity 74 p.c. Minimum Temperature 24.0° C Associated Humidity 100 p.c. Hours of Sunshine 2.15. Rainfall in Millimetres 2.2 Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      275 6 m SINGAPORE 5 v 3.00 PM Opening announcements followed by The Beverly Hillbillies Jed Buys Central Park (Repeat) O 3.30 Diary of Events (Chinese) 3.35 Eight Heores of Shou Lin (Repeat) 4 A Mandarin drama serial 4.15 Intermission 6.00 Opening announcements followed by African Antelope 6.30 News in Brief 6.35
      275 words
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  • Article, Illustration
    IS ITALY REALLY SINKING?
    1215 7  -  By SOH TIANG KENG AN UNEASY calm has seti tied over Italy after the klll,'.lng by the "Red Brigade" of former premier Aido Moro C whlch stunned the nation .and triggered off popular ■protest In the form of mass demonstrations and strikes. Life has returned to
    1,215 words
  • Article
    STRAWS IN THE WIND
    616 7 r"I HATE short people" said the graffiti on a toilet wall in a small western-style Singapore restaurant (or i Jrankly, considerably more abusive,, and unprintable, "words to that effect). I could see with his point of view Zhe writing was about eight foot up on the
    616 words
  • Article
    New song is: 'Give me the moonlight'
    480 7  -  »y NORMS WIILLATT WITH INFLATION Running at 12 per cent, Italian workers are increasingly on second (and sometime* third) )obe to make ends meet. Sometimes they earn more from the second job than the first, especially as income from the "other" job is
    480 words
  • Article
    Proteinfood for thought
    844 7  - Protein—food for thought FORUM. r ...on Italy ■y JOHN GOLDBLATT John Qoldbatt is a writer for the Financial Ttmespf London ANOTHER triumph for state bureaucracy over economic good sense was recently announced from Italy where a brand new and unused £40 million (***** million) synthetic protein factory had to be
    844 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      321 7 11l Lunch TODAY «OKOH N 9 JL **v~ 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bidg Raffles Quay. Tel *****81 KATSURA Orchid Inn Dunearn Rd Tel *****2 It's the toast of the town. IMPERIAL BAR What it about the
      321 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      30 7 TMMK 3 BB\STfau>. THwK OF LAST \N»OHT.. v <^1 Fißnrvs omwe£ *ND OA»K3Eki TMC Fißm'S CPvNTCGtI... .u)ttc 9u>XG> UKC Bristcw.-P^ 575 v* r i'te® fV GOON GO ON.. GO ON
      30 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Bearish market
      569 8 TOKYO Source: DBS-Daiwa WHILS margin buying hu recently decreased, the market yesterday continued bearish, reflecting the liquidation of chares bought on credit. However, non-margin stocks jliul speculative* were bought, rxarge-capltal heavy -gectrtcals such as Hitachi and Toshiba with good business dosed firm due to foreign ln--ivostors' buying. The
      Source: DBS-Daiwa  -  569 words
    • Article
      Lock icon Hongkong
      428 8 Source: San Hong Kai -CONTINUED buying of blue chips yesterday morning pushed the market to yet another 4year high. —As was the case on Tuesday, Km market consolidated after a -3-1/2 point rise In active turnover. -Reports of over 300,000 HK Milk shares changing hands In umdon sent the
      Source: San Hong Kai  -  428 words
    • Article
      Sydney
      370 8 PRICES fell despite news yesterday of strong support for mines from London, dealers said. Generally, the national wage rise awarded had little effect. CRA fell four cents to 32.46, Consolidated Ooldflelds lost 10 cents to 32.90, Bougainville was down nine cents to $1.30 and Mlm fell eight cents to
      370 words
    • Article
      Manila
      135 8 THE market yesterday closed higher with all sectors firming slightly and turnover rising to 7.32 million pesos from Tuesday's 6.22 million, dealers said. The market's higher tone was aided by the favourable U8 copper price, they said. JUNE 07 Pesos Acoje Mining Atlas Con. A Atlas Con B Bagulo
      135 words
    • Article
      Bangkok
      144 8 JUNE 07 BahU Asia. Fibre 261 -4 Bangkok Bank 371 -2 Bangkok Invest. 350 -4 Bangkok-Metro-politan Bank Bata BerllJucker 480 unch Carpet Intnl Charoong Thai Wire 305 ♦7 Dumex DusitThanl 331 -4 Faber Merlin First Trust 428 -6 Genera Finance 300 -9 Indo-Thal Industrial Finance Corp 2525 -10 J
      144 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Tuesday 477.7 Monday 474.5 Week Ago 472.5 DOW JONES AVERAGE INDUSTRIALS Tuesday 866.57 Monday 863.83 Week Ago 834.20 LONDON DOLLAR PREMIUM Tuesday 111*4 to 112 Monday 108*. to 109* H.K. HANG SENG Wednesday 494.22 Tuesday 488.72 Week Ago 472.57 SYDNEY INDUSTRIALS Wednesday 425.89 Tuesday 428.07
      63 words
    • Article
      Prices generally firm
      201 8 w El V M. 1 /,7\7-;7N EUROPSAN bourses cloud generally firmer on Tuesday. However, In FRANKFURT, share prices were mixed on fairly small turnover due to lack of orders, bourse sources said. In AMSTERDAM, share prices firmed following the firmness In Wall Street overnight, led by Hoofovens
      201 words
    • Article
      Amsterdam
      206 8 JUKI ru ABN MM ♦0.5 Ahold 107 50 1.5 Akao ai.so ♦0.9 AMEV M 10 +0 9 Amfai 113.30 +0.3 Amrot Bulk 74.70 +0 2 DCTVOM 51.00 unch Berk 99 50 +6.7 BoU 75 80 +0.8 BorsumlJ Burhmann 165 00 +0.5 71.50 -0.5 Byenkorf 90 00 1 CUn D«m
      206 words
    • Article
      Paris
      246 8 JUNE OS Fra Air-Liquide BSNO«rnll Danone C8F(ThomjonCtf) Cle Francalse desPetrole* Compagnle Financier* Compagnie Qenerale Credit Foncier De France Hachette (Llbralrle) Machines Bull MlcheUn(B) Paribas Pechlney Clglne Kuhlmann Peugeot Philips (NvOem Beat) Printemps 8 A Rhone-Poulence 8A Royal Dutch SueKCle Flnan De) Thomson-Brandt Usinor 296 80 see 251.10 130 40
      246 words
    • Article
      Jo'burg
      353 8 GOLD shares were weaker towards the close on Tuesday following downward bullion movements. Dealers said mining f lnanclals were little changed though tended mixed towards close. Anglos put on five cents to 515, while Charter Cons was bid 15 off at 320 following results. De Beers fell five cents
      353 words
    • Article
      Milan
      103 8 JUNE M Lire 47Anlc 06.25 -0.75 Asaoc Oen ***** 130 BMto«l 472 •I Centrale 3730 -50 FUt 1839 50 +7 5 FlnMder 92 25 -2 25 Oen Immob 75 50 +0.25 IF! Pii 2130 -38 ItAlcemcnU ***** -1)0 IUlfM TOO 1.5 IUislder 178 1.75 klagnetl M Pf 482 50
      103 words
    • Article
      Frankfurt
      184 8 JUNK Dm Aef-Telefunken 81.90 +0.6 Atao 29 SOB ♦0 6 Alls Leben 62DB AlliVert 471.SO 1.9 BASF 138 90 ♦0.2 BayHTWbank 273 SOB +0.5 Bay Vbank 303 ♦1.9 Bayer 130 90 -0.4 BBC 288 unch BMW 230.30 unch Ou»U> 345 -4 Cham Verw 244 ♦I Commertbank 218.90 -I Conll
      184 words
    • Article
      Brussels
      91 8 JUNE rr» FOKWABD HAU jrr Acec m unch Arbad 2300 *25 AStUT 638 -2 Brmacmn 4M unch Canpac 544 +6 Cock 445 12 De Beer* 112 unch Etas 2243 10 Eleclrobei 6430 120 Ob-Inno-Bm 2033 10 Qe» 1300 unch Hobor 2206 -25 Petro Ry 1 Dutch 3830 1870 •IS
      91 words
    • Article
      Zurich
      189 8 JUNK M Francs Actions Sulsses 25#* V| Alusulsse Br 1285 15 Alusulsse Ref 514 ♦2 Brown Boverl Br. 1730 +65 Ota Oelgy Br 1140 10 ClbaOelty PC 840 4-15 Qbt Qelfy Ret Credit Suisse Br 800 ♦5 2145 4-15 Credit SuUm Ret 40n 4-3 Bektrowatt Br. 1730 4-60 Oeorge
      189 words
    • Article
      Institutions rush to buy stocks
      1155 8 NEW YORK A HEADLONG rush by Institutions to buy stocks pushed prices hlghe* on Tuesday In very heavy trading before profittaking trimmed some of the gains. "The funds and institutions Just panicked," commented iarvey Deutsch of Purcell Oraham and Co. "I think the market Is
      1,155 words
    • Article
      Toronto
      308 8 SHARE prices closed sharply higher In active trading on Tuesday, with the Composite Index up more than six points at a four-year high. Advances outnumbered declines 267 to 218. Paper and transportation recorded the llargest gains of the 11 rising sub-group*. IBM rose five to 300, General Motors 1W
      308 words
    • Article
      CHICAGO BOARD OPTIONS
      1420 8 June 6 CHICAGO Board Options Exchange volume rose to 231,365 contracts from 166,856 contracts on Monday. OPTION JLY OCT JAN STOCK Alcoa M 71/4 8 UNTRD Ml/2 Alcoa 49 31/8 43/8 UNTRD 481/2 Alcoa 50 •21/4 7/8 23/4 481/2 Am Tel 59 73/8 72/4 NOL •1 7/8
      1,420 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      25 8 ANDREA m 4 m P»o#Uins is m m to call for h«ip O Ujy% ?00 B>Xa«i~t £o?"->* %4iSki*z. K£#*?l42toJkx >-4i* ift-'-.-i' «a*»na«UM»ts? a*MMfciMHMNMMM •riii ninrir'f
      25 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      JAL restores its dividend despite drop
      479 9 r 1 ASIAN JAPAN Air Lines has written off the last of a Yl7 billion loss incurred in 1974 and restored Its dividend after a three-year suspension, the airline announced. 'The company also announced after tax profits of Y8.14 billion for the fiscal year
      479 words
    • Article
      Lock icon Dillingham wins Pakistani deal
      162 9 UPI DILLINGHAM Corporation of Australia Ltd. has won an Asss million con-tract-covering civil engineering and management of a massive hydro-electric project on the Indus River in Pakistan, the company announced. The contract, for three years, will have Dillingham Australia's heavy construction division supervising and carrying out
      UPI  -  162 words
    • Article
      BEAUFORTE HOLDINGS
      81 9 BEAUFORTE Holdings Ltd announced group consolidated net profit of HK$2.B9 million ($2.87 million) including exceptional non-recurring charge of $148,261 for the year ended March 31. Final dividend was 4 Vi cents (same), payable July 6. making total payment for the year of l x h cents (same). The
      81 words
    • Article
      Sony gets order
      71 9 SONY Corp said its whollyowned US sales subsidiary, Sony Corp of America, has received an order from Chrysler Corp to supply 2,000 Sony video system sets at an undisclosed price. Sony said Chrysler plans to establish a nationwide video marketing communication network to link about 5,000 of
      71 words
    • Article
      MIM hike
      52 9 MOUNT Isa Mines Ltd announced its price for copper, equivalent wlrebar basis cif, main Australian ports, will be A 51,220 per tonne from yesterday. Previous price was $1,200. Electrolytic Refining and Smelting Co of Australia Ltd also raised its ex works Port Kembla refinery copper price to $1,220
      52 words
    • Article
      Lock icon Better results expected for US retailers
      630 9 f N.AMERICAN NYT NEW YORK: Retailers* profits in the first quarter were widely mixed, reflecting the sharp bite of inflation, especially for lowerincome consumers. Secondquarter profits, however, fuelled by an Improved sales trend, appear to point to better results, according to retailers and security
      NYT  -  630 words
    • Article
      Natomas test
      74 9 NATOMAS Co said its Gita No 6 well in southeast Sumatra offshore Indonesia was tested at combined rates of 1,780 barrels of oil a day. The test came from two zones in the Talang Akar formation. The well also produced at a rate of 2,250 barrels of oil
      74 words
    • Article
      Fairchild
      28 9 FAIRCHILD Industries Inc said its board raised the Suarterly dividend to Sl7Vj cents per share from 15 cents, payable June 23. to shareholders on record June 12.
      28 words
    • Article
      CONOCO COMES UP EMPTY HANDED
      220 9 THE Continental Oil Co. has withdrawn its drill stem and bit from a well on the outer continental shelf, ending a fruitless 53-day search for oil and natural gas off New Jersey. Over the weekend, crew members lowered electronic devices that are expected to bring
      220 words
    • Article
      Deutsche Shell has its worst year ever
      194 9 DEUTSCHE Shell AO recorded Its worst ever year In 1977 with a balance sheet loss of 34.5 million marks compared with a 1970 profit of 290 million previously, managing board member Wlllem Schutte said. Gross sales fell to 12.24 billion marks from 12.51
      194 words
    • Article
      Lock icon ICI buys land for plant
      145 9 Reuter FORMAL agreement (or the fmrch&se of 320 hectares of and at Wllhelmshaven, West Germany, for a new chemical plant development has been reached between Imperial Chemical Industries Ltd and the Lower Saxony government, the company said In a statement. The scheme Is expected to
      Reuter  -  145 words
    • Article
      Brazilian invitation for Ericsson
      121 9 STOCKHOLM: Telefonaktiebolaget L.M. Ericsson said the Brazilian Communications Ministry Invited its subsidiary Ericsson do Brasil Comerclo e Industrta SA (EDB) to negotiate an agreement to supply 50,000 telephone lines to the city of Sao Paulo. The Ericsson offer competed with bids from International Telephone and Telegraph
      121 words
    • Article
      OERLIKON-BUEHRLE
      66 9 ZURICH: A spokesman for Oerllkon-Buehrle AG said the company has no Intention to take over commercial vehicle and textile machinery producer AG Adolph Saurer. He was asked to comment on local bourse rumours of a possible takeover of Saurer by Oerllkon-Buehrle, which sent the price of Saurer bearer shares
      66 words
    • Article
      Lock icon Pet gets merger proposal from IC
      150 9 Reuter. PET Inc., a manufacturer of a variety of food products, received a merger proposal from IC Industries Inc., estimated to be worth upwards of US$35O million. Under terms of the deal, announced here by Pet, IC Industries, headquartered In Chicago, would pay $54
      Reuter.  -  150 words
    • Article
      Lock icon No buses from AMC
      103 9 AFP. THE American Motors Company (AMC) has decided to stop making urban buses from the end of this month, a spokesman for the firm announced. Most of the 800 workers made redundant will be transferred to other AMC factories. The company had sold 4,300 buses In
      AFP.  -  103 words
    • Article
      Motorola is on target
      83 9 MOTOROLA Inc expects higher sales and earnings this year despite a possible softening in the economy during the second half, president William Weiss told analysts. He said Motorola Is on target towards reaching its sales goal of $3 billion by 1981. Last year it earned $3.50
      83 words
    • Article
      Lock icon Problem at Alfa Romeo
      109 9 Reuter ALFA Romeo said its board will meet shortly to discuss the future of its Alfa Sud Spa subsidiary at Naples, whose 100 billion lire capital has once again been eaten up by losses. A study made by independent experts shows the plant to be one
      Reuter  -  109 words
    • Article
      Albright & Wilson
      88 9 Albright Wilson LONDON. Albright and Wilson Ltd said its board and advisors view the proposed offer by Tenneco Inc as Inadequate and that it falls short by a substantial margin of the level at which an offer. If made, could be recommended. The US$lBO million bid for the 50.2 per
      88 words
    • Article
      Lock icon ENI UNIT CONTRACT
      83 9 Reuter ROME: Snamprogettl Spa. a subsidiary of the state oil group Enl, said it signed a contract with Faujl Fertiliser Co Ltd of Pakistan for construction of a US$2OO million urea fertiliser complex. The complex will Include a 1,000 tonne per day ammoniac plant and a 1,725
      Reuter  -  83 words
    • Article
      Lock icon Amax listing planned
      54 9 Reuter FRANKFURT: Commerzbank AO said It and Dresdner Bank AO are preparing to Introduce Amax Inc's ordinary shares for quotation at the Frankfurt bourse. Details such as the date for the listing were not given, though Commerzbank said a meeting will be held here on June 13
      Reuter  -  54 words
    • Article
      VFW-Fokker to break even
      635 9 EUROPEAN DUEBSELDORF: Zentralgesellschaft VFW Fokker expects to break even this year after a "bad" 1977 culminating In the decision to halt production of the VFW 614 short-haul Jet. management board chairman Oerrlt Klapwljk said. He told the annual press conference that while the company was not
      635 words
    • Article
      Lock icon BP income reduced by French losses
      284 9 Reuter. BRITISH Petroleum Co Ltd said its first quarter 1978 profits suffered from lower proceeds from the North Sea and Increased losses in France. These factors offset Increased contributions from US Interests together with some improvement in European oil trading conditions. The company earlier
      Reuter.  -  284 words
    • Article
      Metallgesellschaft AG
      63 9 METALLGESELLSCHAFT AO subsidiary Karl Schmidt GMBH and Safeguard Industries Inc of the US agreed in principle to set up a Joint venture, Metallgesellschaft said. The venture, initially operating Safeguard's Malnette, Wisconsin, plant will make and sell engine parts for the North American engine and motor vehicle industries. No
      63 words
    • Article
      Metal Box profit dip
      85 9 METAL Box Ltd announced pretax profit of £55."?8 million (£58.09 million), for the year ended March 31: Sales were £807.5 million (£708.2 million) and earnings per share 64.9p (61.0p). Dividend was 8.2662 p making equivalent of 22.5245p, the maximum permitted. (No comparison given). Pretax profit Includes
      85 words
    • Article
      OLIVETTI
      30 9 ING C Olivetti E C Spa said shareholders approved plans for a two for three rights Issue at par to raise capital to 100 billion Hre from 60 billion.
      30 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      558 9 THE CHARTERED FINANCE COMPANY LIMITED BALANCE SHEET AS AT 31st DECEMBER, 1977 (Expressed in Singapore dollars) 31.12.1976 900,000 91,662 991,662 2,991,662 32,404,539 3,667,840 36,072,379 568.270 36,640.649 9,875 305,000 180,000 20,000,000 shares of $1 each 188 UED CAPITAL 2,000,000 shares of 81 each REBERVEB Statutory reserve, note 2' Revenue reserve CURRENT
      558 words
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  • Article, Illustration
    Market softens
    737 10 EARLY attempts ta push share priess higher felled en the Stock Exchange af Singapore (BES) yeetorStocks soon dipped back to. their overnight levels where they fluctuated for M The market held relatively steady at this level. Selected stocks made light advance*. On balance, declines led advancee $1 to
    737 words
  • Article
    SHARE INFORMATION SERVICE
    2419 10 1*78 High Low Company Last Sale +OTGr'« Div Div C'vr Gr'a Y'W Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 189 214 172 225' 83 215 235'/, 210* 410 432 132 123* 112 195* 60* 162 173* 140* 256 394 Ac ma Alcorn Allied Choc
    2,419 words
  • Article
    DEALS DONE ON THE SES
    1431 10 usL***. ot1 t pricm officially listed and business tn and reported to the Stock Exchange of «n«apo«* yesterday with the numbered shares traded shown hracketa takxsof 1,000 unlU unleea othenriee specified All TtaeSettlemfnt Contract* are quoted after the word "aett" Bit Board deal (in lou
    1,431 words
  • Article
    Government and corporate bonds
    130 10 4 3/4% IS/9/88 (250.000) (100.408 100.508) 3/4% 1/12/88 (250.000) (105.058) S% IV4/81 (250,000) (100.658 100.758) 5% T F 18/10/81 (250,000) (105.308) S% T F 1/5/83 250,000) (100.458 100.558) 5 3/4% T F IWBI-84 (250,000) (102.958) 7% 15/4/86 (250,000) (100.908 101.058) 7 1/4% 16/4/86 (250,000) (100.20B) 7
    130 words
  • Article
    Stock options
    123 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 tn brackets. Cold Storage (Sept 81.70) (0.538 0.638) C and C (Sept 82.20) (1.958 2.108). F and
    123 words
  • Article
    Unit trusts
    142 10 SINGAPORE UNIT TRUST INCOME BOND UNIT prm far Jus (C«mat fria ■s) la The Commerce 1.04 2 06xd INCOME BOND l.oa 1.12 The Saving Fund 1.20 1.21 8'pore Prog Fund S' pore Security S pore Invest Fund 0.91 1.03 MARA BUMIPUTI LA FUND 1.07 1.20 l.M 1.37 First
    142 words
  • Article
    Lock icon HK exchanges merger meets opposition
    1111 10 FT FROM an overseas point of view, the moves gaining pace to merge the four existing stock exchanges In Hongkong the Far East, the Hongkong, the Kam Ngan and the Kowloon into one "United Stock Exchange" must appear sensible and tidy. The internal politics are
    FT  -  1,111 words
  • Article
    AMD hardly better
    385 10 CONTRARY to indications at the Interim stage that the group might just manage a turnaround from two years of losses In 1975 and 19T6, Allied Malayan Development's (AMD) latest remits show little Improvement, with the group still In the red. From a modest trading profit of $27,500
    385 words
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  • COMPANY NEWS
    • Article, Illustration
      Ceramic tile makers pull out of the rut
      1088 11  -  By LOW LEE CHOO REFLECTING the buoyant conditions in the property 'iharket and building industry last year, Malay'sta's two leading ceramic tile manufacturers, General 'Ceramics and Fancy Tile Works staged strong recoveries after collapsing into the red in 1976. For Fancy Tile
      1,088 words
    • Article
      DIVIDENDS ANNOUNCED
      819 11 Currant Ex Books Date Total for Total for payment Date cloee payable the year previous year Hongkong Land 5.2% May 5 May 17 Jun 9 7.6% 6.6% FELS 20%(b) May 18 May 26 Jun 9 20% 25% NSOP May 15 May 26 Jun 10 22V,% 17'/,% Pan Malayan
      819 words
    • Article
      SCRIP ISSUES
      223 11 Company Particulars Ex Date Books Close Males Bonus Issue of 1 for 3 May 30 Jun 9 TanChonf Bousteadco Bonus Issue of 1 for 3 May 30 Jun 10 Rights Issue of 2 for 7 <s>S1.25oer share Jun6 Jun 13 Hon< Leone Bonus Issue of 1 for 2
      223 words
    • Article
      COMPANY MEETINGS
      190 11 MalakofT Bhd: AGM to be held at No. 15. Jalan 223, Section 20A, Petallng Jaya at 11.00 a.m. on June 9. EOGM to be held at No. 15, Jalan 223, Section 20A, Petallng Jaya, at 11.00 a.m. on June 9. Genting Highland* Hotel Bhd: AGM to be held
      190 words
    • Article, Illustration
      DUTCH BABY TAKES A GIANT LEAP
      597 11  -  By STEVEN TAN DUTCH Baby Milk Industries has happily lived up to stock market expectations in reporting a record pre-tax profit of $3.29 million for the year ended Dec. 31, 1977. The result contrasts with the paltry $74,285 made In 1976 (In that year
      597 words
    • Article
      HPB is worth waiting for
      1581 11  -  ALTHOUGH Harrison's offer is now unconditional, the Harrisons/HME saga is far from over. Minority shareholders still have an option to hold their shares if they do not wish to accept the offer. PETER SUTHERLAND, Research Director of Lyall Evatt (Pte), gives a personal view. PETER
      1,581 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      84 11 in PAN Paperback LE CAtUE I 1 THE HONOURABLE SCHOOL' i HIS LATEST #j WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME -:>i' 1 1 i/' n*n! tam I' 1- .11.1 t >• <. CVt'l] I it?' r 11 KH> AKKKL> < irrc r 'idler
      84 words
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  • Article, Illustration
    US has forged a lasting bond with us
    743 12  -  DRAMATIC RISE IN TRADE TERESA LIM fcqjt ,tJS COMMITMENT to East Asia has grown to the extent that the US cannot detach Itself easily from the region, even If "circumstances force It to «—ke that decision. East Asia as a .whole, economically
    743 words
  • Article
    Lock icon NO TAKERS FOR SURPLUS RICE
    230 12 Reuter. •THE Japanese government -11 worried by Its Increasing ~rio* surplus, estimated to jegtth at least 4.67 million .tonnes by the end of Oc- lobar compared with 3.68 "fbllUon last October. Agriculture and Forestry Ministry officials In Tokyo Said that government agen--cies, private research 'organisations
    Reuter.  -  230 words
  • Article
    Lock icon Deadline for HK, Norway textile row
    332 12 Reuter. HONGKONG and Norway have until June 30 to settle a dispute over Norwegian cutbacks of textile and clothing imports from Hongkong. The council of permanent representatives of the 84member General Agreement on Tariffs and Trade (Gatt) said if there was no solution by
    Reuter.  -  332 words
  • Article
    Geneva meeting in November to rubber stamp pact
    316 12 NATURAL rubber producers and consumer* will meet in Geneva in November to conclude an agreement to stabilise the price of the commodity, Malaysian Deputy Primary Industries Minister Paul Leong said in Ipoh. The agreement Will be similar to that of the tin
    316 words
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    HDB is giving flat buyers little choice
    465 12  -  h JOHN LIM THE NEAR monopolistic nature of the HOB's public housing programme has cramped consumer choice Mr. Ivan Baptist, executive secretary of the Consumers' Association of Singapore who disclosed this said, faced with stereotyped design and limited space, the consumer, in his
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  • Article
    LONDON STOCKS
    792 12 LONDON, Wed. Stock prices were mixed today after a subdued session, with government stocks closing higher while leading Industrials drifted, dealers said. Gains in long-dated government bonds ranged to point with light buying reported following Tuesday's banking figures. Leading Industrials were mosUy a few pence easier although some
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      340 12 fr n n 1.1 wm, r-\ BMW 7 Series BMW 6 Series BMW 5 Series BMW 3 Series From BMW, it's total commitment all the way The BMW 7 Series A new concept of motoring in the highest luxury class. Available in three different versions the BMW 728. 730 and
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    SHIPPING TIMES
    4113 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port t CMMortf OBW ScuDikh hti a Joint
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      1055 13 MAERSK LINE Offers Regular monthly Express Conventional Sailing To f or further details c*H Smgapore *****46 Kuald Lumpur: ***** Port Kelang *****0 Penan* ***** 1 SHIPPING STRAITS TRANSPORTATION PTE. LTD. COMPANIA NAVIERA MARASIA, S.A. CONTAINS RSHIP SERVICE TO AND FROM BARCELONA DISC MAKING LOADING BARCELONA tRE LAM S WRf SPORE
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      Page 13 Advertisements Column 2
      65 13 NOTICE INCOMPARABLE Powerful 6600 hp dtesels tpttd your container, bulk and general cargo, shipments over our 9700 mile rail network to OCR and all major USA markets from more major USA c Wtest Coast ports than any other railroad. nJ \il □10 ii" LUliil V V Iftw 9 Sm-I la.
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      12 13 ACCEPTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TIL: *****22
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      614 14 FULLY CONTAINERISED TO EUROPE Tfm PUmi trk«| 10/8 11/® 1/7 3/7 4/7 (5/7) 20/* 22/6 11/7 13/7 14/7 16/7 27/6 17/7 19/7 20/7 24/7 30/6 19/7 21/7 22/7 24/7 5/7 7/7 30/7 1/8 2/8 S/8 14/7 16/7 5/8 7/1 8/8 10/8 21/7 23/7 12/8 14/8 15/8 17/8 EXPRESS CONVENTIONAL TO
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      804 14 I £2 SANKYO LINEI AUSTRALIA SERVICE p.KtUnt SiacapMt Loadimhr SEA BIOOM 11/13 tuM 14/15 J*» FK, AOO. MEL MAT MINCE 13/151 MM 11/12 MM MIS, SYO, MEL THREE STAR 29/30 27/21 hmo ADC, MEL, STD. DIAMOND STM »/llM» AW, MEL, STD BANGLADESH SERVICE MAT SKY GENERAL AGENTS .11/19 JULT IC/17
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      Page 14 Advertisements Column 3
      554 14 SEA t LAND U.S.A./ ASIA SERVICE NT KFMttMTO COMTMKR SERVfCf IM iron mcdnesoay raa rwn m m HOM ROM. THAILAND MO PMHJPfMCS MID-EAST SERVICE ACCEPTING LTL TO DUBAI t BANDAR ABBAS Citifii SamwM t+m. Om»i«. Bwto mm. WORLD LION V 3 WORLD TIGER V 5 fii Arrives/Daparti June 17/11 JULY
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      868 14 Banat Five Star Sfcippiai Carpa. 1 ÜBk "BURMESE NATIONAL LINE" 1 LOADING FOR RANGOON j LOADING FOR RANGOON %*f~* f HTONEYWA 11/13 JUNE 6IF SSC AMnti m Moloys.o TEPS M4LAYSIA Port Keloog Tpl UBJ-7355 Penong Tel *****/***** Campania Arfaatiaa Oa Wwnaciaa Intarcawfaamal S. A. C.I. F. j Hf "ARGENTINE NATIONAL
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      481 14 'J H JARDINI AMAH iIMJ* Orient Overseas Co*iici*teA Line FULLY CONTAINERISED m TOt^— otievTM. cmr m 1 SEAS IttDtf It* m A A FULLY CONTAINERISED SERVICE FROM EUROfE (VIA SUEZ) M Honj RmUmmi Osaka Tokyo OHIENTAI tEUAKHEt 2E W« 14/4 U/2 CNOAllttHWllll 15/1 23/1 •EruNE COMI 71 W» 21/1 ?4/l
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      1016 15 iCL Overseas Containers Limited Mr lAT mil OAT MIMIIfI C AMMAN UT tmm MI mrowoair soviet m> w/cmtimeiit: u Htarg Brem. I'M Han* S ton P. Kelang S'pore Nut Parts: IiBOIBB MM Sailed SaiMd laiM I J"' TK, KB. rt«| 14m SUM MM t»M Sailed UM It Mil M HK.
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      935 15 Ben Ocean Ajartsern&atßanbnaßheFlMWielGteriljneandNSUO TO H/CMTIKIT (Ma Mat) Ow fcumn P. KaUag Ptaaag [KW phmmtis is/? 7 Jaaa 21 n tat ii/a mm ii My Bilbao a»si. o«««. Liverpool ■EHtIK l/IM) VIM) I Rag Lisbon Leiaats, Tnkary. Nail FROM M CMmIK NT OTj MM) Sails m Euro#* Penanf P Kelang Singapore
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      784 15 BEN LINE 9R£ JJG t P Keian; S jo» far i ii Part t*. m I 11 Mm II Im MR. In lIIm N> KB IK l II Mat »J mm Im. m 77 Ini MK IK. KB I la.| 4 M| Twn MH I M| I M| HK. IM
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      921 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA >«»•' trn« t (|M« Vnul [UMU 11/ Ml MHIU FtAMiSCA It/ t) TNVAMA (UANMA n fianccSca 4/ r itttitAt ILItMH 1/ T IItUMII S wi Li Mlailles 21 Nm 3) Hkari 4) la n n/t m t nt
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      550 15 GUTHRIE BOUSTEAD THE BANK LINE LTD LUIS FN LlitfMl FMTIIM ITA4 (MaoritiM. Rwmhok. HwtlU Durfca*. I 1.. P. 1.. Cwtww) P. Mlm( O/W IN Snn 1/111 FtM tin I Mil tFIKI P»n»«| p. KttMf 11/11 la s port a/n Mm LYKES ORIENT LINE express soma bikct fim smuw II KW
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      869 16 K LINE KAWASAKI KISEN KAISHA. LTD nru svezi *t ctw> v«»*is to mon ZZ S'oofe P Kelang L.Havre H'btir? Bremen R'dam A'wera OBCATN IV hi Part IJm 21 Jm 31 Mm IMy 2My 4M| JBENTAL CHIEF IV IS Im II Mm 5 JMy 7My IMy IMy 11 Mf SIKMIW -21Mm22Mm11My13My14
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      1032 16 E.C.-U.S.A./ATLANTIC/GULF SERVICE ACCEPTINC fCL'LCt CMTAINEK FNN S'PME t. KEIANC. PENANt la*i« M: MlfM. Ml t«. KV MUMS. MMTM. Singapore P Keiang §»!*>» PenMg "k VESSEL" IS/1V J«iy M/» M» T*m MM N«W| E.G./GREAT LAKES SERVICE UM«| tar: NORflL*. HEW MM, MMTWAL. TUMI. UITUIU BTTIMT. CHICAGO Penang Btlaaan P. Keiang Singapore
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      995 16 1 k KERCATOt MENTAL CNIEFi sewn sus mm MIEHTAL RESEARCHER CHEVALIER H»I NEPTUNE COIUL NEPTUNE PEARL NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: <m agr Spore P. llelw* S hamptoa H'WJ Bft I. tat lla* 2Uaaa MJ-t II lICFt IS Jaw IS taw IMy I*l Ik imj aMr 12 Jaly
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      643 16 MALAYSIAN INTERNATtONAL SHIPPING CORPORATION BfPHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA ■EST MUNI EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT t| Man. Pr ang Ptivjßf Laaaieg Mr: RKIAT* U/Nlw 17/19 laae Hburg fc,7. Co>* Uwi 9/ 7. Roam 14/7, Bmen 17/7 Hburg 19/7. I pool 22/7 ■MM H/11 l«l| 11/14 July
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      742 16 f INTRA SEA (PTE) LTD. f .t)H Hin.'. :t Kansai Linek STRAITS/AUSTRALIA SERVICE Z Singapore f. Kelang LaaiMg M: SUNNY SYDNEY V. II II Mm IS MM Brtsbane/Sydneg Melbourne/Adeigie. Affab: S «pnn INTRASEA (PTE) LTB—«SMII-—«IMC USB*. I LMW«r Til SNIPPINS A TUt I DC—MM, ISM 74" ALPAC LINE SOUTH AFRICA
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