The Business Times, 28 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, JUNE 28 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon SIA sued
      72 1 AP. NEW YORK, Tues. A US$l3O million (Ss3o3 million) lawsuit charging that Singapore Airlines and another airline served as accessories and accomplices In the hijacking of a plane to Entebbe two years ago was filed here late yesterday. The suit, on behalf of a group of 88 plaintiffs
      AP.  -  72 words
    • Article
      Rising income
      72 1 INCOME, the NTUC Insurance cooperative, has sold more than 8,000 policies amounting to about $65 million in sums assured during the first five-and-a-half months of this year. Income general manager, Mr. Tan Kin Llan, described this $26 million or 67.5 per cent Increase over the same period last
      72 words
    • Article
      Lock icon Yes to Batam
      69 1 AP. BEDUGUL (Bali), Tues. Mr. Lee Kuan Yew today said Singapore will participate In the development of Batam as an Industrial island. The Prime Minister told reporters after his 90minute second round talks with President Suharto that they had discussed possibilities for more cooperation on Batam's development.
      AP.  -  69 words
    • Article
      Lock icon No big deal
      66 1 Reuter. CANBERRA Tues. Australia and Japan ended trade talks here today which failed to agree on any major concessions for access to each other's markets. The two-day meeting of the Australia-Japan Ministerial Committee was dominated by Japanese requests for Australia to lower tariff and other barriers against
      Reuter.  -  66 words
    • Article
      Lock icon Small and big
      85 1 Reuter. WASHINGTON, Tues. The United States today reported its smallest trade deficit since last September, but the May 1978 shortfall of US$2.2 billion (555.06 billion) was gigantic when comGired to the $647.6-million-deficit recorded in ay last year. Although it is the lowest since a $1.9-billion deficit In
      Reuter.  -  85 words
    • Article
      Lock icon To arms ...
      49 1 To arms UPI. TOKYO, Tues. Japan's Defence Agency plans to strengthen Its naval force next year to contain Soviet submarines in case of emergency. Agency sources today said It will seek budgetary appropriations to construct six destroyers and purchase 12 anti-submarine helicopters in fiscal 1979, which begins next April
      UPI.  -  49 words
    • Article
      Lock icon Inhibiting trade
      45 1 Reuter. CANBERRA, Tues. Australia's tariffs, duties and import quotas are among factors Inhibiting the development of bilateral trade between Australia and the Philippines, the Australia Philippines Business Cooperation Committees said in a Joint communique at the end of a twoday meeting here. Reuter.
      Reuter.  -  45 words
    • Article
      Lock icon Dow Jones
      67 1 UPI. NEW YORK, Tues. With some traders finding bargains among the blue chips, stocks turned mixed early today despite investor concern about rising Interest rates. Trading was fairly active. The Dow Jones Industrial average, down more than a point at the outset, was head 2.51 points to 814.79
      UPI.  -  67 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rises Ajiaomoto 248 109 Set Coconut* 310 +26 NST 448 +22 Cirliborf 525 +20 M Breweries 580 10 Kuala Sidim 204 10 Island Pen 304 +9 MalakofT 225 +9 U AC 287 +7 Glenealy 170 +7 High ft Low 340 +6 Falls FAN 500 -25 SunfeiBesi 650
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    • Article, Illustration
      In Kuala Lumpur
      150 1 Rites SelC'nuU 3.18 +.21 Rahman Hy 4.70 .18 Carbberg 5.40 .15 K. Sidim 2.13 +.13 Minaac 3.52 +.12 NaCriSambOP 2.80 .10 Inch KK 5.40 +.10 S. Mai Tin (M) 9.10 .10 Foils FandN 5.20 -.20 S. Klnta 6.00 -.10 Sf. Best 8.70 -.10 O.C.B.C. 8 80 -.10
      150 words
  • Article
    Dispute over our status resolved
    978 1  -  GOLD PROFITS FOR SINGAPORE By JOHN TAN SINGAPORE'S fear that it will lose Its developlngcountry status, and consequently, Important trade privileges accorded such countries, has been allayed. After a short series of dlscussions between the Republic and the International Monetary Fund (IMF), the Fund has
    978 words
  • Article
    NO ACCORD ON FARE PACKAGE
    226 1 THE International Air Transport Association (lata) could not arrive at an agreement on the fare package for the South-east Asian region, after two recent meetings in Singapore. This, according to lata, is the result of its inability to resolve Important aspects related to the worldwide
    226 words
  • Article, Illustration
    Consortium of reinsurers scores a 'first'
    673 1  -  •y QUEK PECK LIM A LOCAL insurance company has started what is believed to be the first consortium reinsurance corporation In the world. The corporation, registered earlier this year under the name of United Asia Reinsurance Corporation Ltd (UARC), Is under the aegis of
    673 words
  • Article
    Pernas increases stake in Sime by 9.5m shares
    325 1 PERN AS hu increased its shareholding in Sime Darby by 9.55 million shares, through its purchase of share* held by Sime subsidiaries Kempas and Lingui Developments. The acquisition arose out of Sime's recent scrip issue of one-for-one. Under the UK Companies Act,
    325 words
  • Article
    ITT sets up plant in Ayer Rajah
    365 1  -  •y JOHN LIM INTERNATIONAL Telephone and Telegraph Corporation is Investing $3 million here to manufacture and assemble consumer and industrial electronic devices and telecommunication components. The investment Is being undertaken by the European division of the American conglomerate. ITT Singapore, a subsidiary, has
    365 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      32 1 whatever you need in menswear, get it at... MOHAN'S DEFT STORE (PTE.) LTD. 321. Ochaid Road .1M *****22 (next to MarwUrin HoM) oriocn. wi, unQiin aoopping ttmn *M *****40 Daily: 9am-9 pm
      32 words
    • Advertisement
      Page 1 Advertisements Column 2
      94 1 BIRKART FREIGHT NEWS INTERFLOW TANK CONTAINERS STAINLESS STEEL 20 FT ISO TANK CONTAINERS 20,000 L/ 20,000 K CAPACITY AVAILABLE FOR CARRIAGE OF LIQUID CHEMICALS, VEGETABLE MINERAL OILS, LATEX ETC. TO AND FROM SINGAPORE AND MALAYSIA TO: EUROPE AUSTRALIA JAPAN FOR RATES AND FURTHER DETAILS CONTACT: MRS JUDY TEO BIRKART SOUTHEASTASIA
      94 words
    • Advertisement
      Page 1 Advertisements Column 3
      97 1 SHIPPING TIMES PEOPLE in business 2 DOWRY that's s busiaes--BEF throws its weight bshiari smso's liissm 7 Devan Nsir 2 GENTING hslds ths ses 11 JUNIOR traiaiag scheme SELANGOR Prspsrtiss sa fina curriculom 2 ftmndatieu 11 STAGE set for Klsea-N-Pstait STRONG rsspaass ts to tinrsify further S Steamers' leaa 12
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    • Advertisement
      Page 1 Advertisements Column 4
      2 1 Leader Page
      2 words
    • Advertisement
      Page 1 Advertisements Column 5
      232 1 Coot healthy pollution-trie driving with a mAßuenu .CAR AIR CONDITIONER [G9 5-1 socomill plaza. Singapore ii tel arm 240. LAVENDER STREET SINGAPORE 12 TEL 2564M01 NEW NUMBER We wish to inform you that our new telephone number is: *****1 Business Times regrets any inconvenience that may be caused The desk
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  • TRADE AND INDUSTRY
    • Article
      SEF gives support
      551 2  -  •r RAHIM KASSIM THE appeal last Saturday by the secretary-general of the National Trade* Union Congress for the cooperation of employers In a campaign to educate workers In the economics of their companies and Industry received a big welcome from the Singapore Employers Federation yesterday. our reply
      551 words
    • Article
      COKE MEN ATTEND MARKETING MEETING
      167 2 SINGAPORE delegates of the Coca-Cola Far East Division will meet their Asian counterparts when they attend the first international marketing conference in Washington D.C. Mr. Charles E. Hulley, senior vice president and division manager of CocaCola Far East, Hongkong, said that 150 delegates from some
      167 words
    • Article
      For the juniors
      570 2  -  By RONNIE LIM THE Extension Education Programme of the Junior Training Scheme should not be a watered-down version of the normal primary school curriculum, said Mr. Llm Jit Poh, director of the Industrial Training Board yesterday. As the three years that Junior trainees spend on this programme
      570 words
    • Article
      Mitsubishi in joint venture commodity trading
      199 2 MITSUBISHI Corporation recently launched a Jointventure company dealing with commodity trading in Kuala Lumpur, company sources disclosed. Initially, the new company, Sinar Berlian, will participate tin trading previously undertaken by the commodity brokerage section of Mitsubishi In the Malaysian capital. Sinar Berlian hopes to
      199 words
    • Article
      Living it up at the King's Mansion
      170 2 HONO LEONO Holdings will offer phase two of Its King's Mansion for sale In the middle of next month. Phase Two comprises a $9 million 18-storey apartment block which Hong Leong describes as "the most advanced apartment with total privacy and security and
      170 words
    • Article, Illustration
      Banco do Brasil opens in style
      126 2 BANCO do Briiil is coming to Singapore in a flourish of colours and style. The opening ceremony of the branch in Singapore today will be heralded by an art exhibition, a piano recital and a colourful fashion show. 11>e fashion display, featuring local and
      126 words
    • Article
      Lock icon 'Big powers out to split tin producers'
      506 2 AFP. BOLIVIA IS disappointed that the Tin Economic Price and Review Panel (EPRP) did not change the floor and celling prices of tin at its recent Bangkok meeting. Certain big powers who are also tin 'jonsumers have been charged with attempting to split
      AFP.  -  506 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      142 2 TAT LEE Bank hu appointed Mr. Than Tw 8m as Bneral manager. Mr. Tham fellow of the Institute of Bankers, London, and has about 30 years of banking experience. Miss Littaa Tu has joined Consulasla as development manager. She will be based In Kuala Lumpur, and be
      142 words
    • Article
      Malaysia draws in more tourists
      238 2 TOURIBT arrivals In Peninsular Malaysia during the first quarter of this year Increased by 17.2 per cent to 350,365, the Tourist Development Corporation said. The figure excludes Singaporeans entering the country via the Causeway. Enclk Baharuddln Muse. the director general of TDC said while this
      238 words
    • Article
      Lock icon China's steel from Japan
      93 2 Reuter. CHINA has agreed In principle to buy between 2.2 million and 2.3 million tonnes of steel goods from Japan In the second half of this year, bringing the total for the year to a record 4.8 million to 5.1 million tonnes. China has also agreed
      Reuter.  -  93 words
    • Article
      MEMO PAD
      474 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC June 15-July 3: Employee relations communications, Hilton, POD July 6-13: Financial aspects of personnel mngt, Hilton, July 3-4: Finance for non-fl-nanclal managers, Hilton, Price Waterhouse July
      474 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      714 2 UNITED PLANTATIONS BERHAD (INCORPORATED IN MALAYSIA) To: The Shareholders, Uaited Plantations Berhad. Dear Sir/Madam, Bonus Issue of One for Ten The following resolution set forth in the notice convening the 57th Annual General Meeting on the 15th of June, 1978 was duly passed at the meeting held on that date:—
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      585 2 -11-ONE CROSSWOKD EASY PUZZLE ACROBB 3 Shed feathers (8) 8 Uncooked dUh (9) 10 Mistake (5) 11 Mesh (3) 12 Brink (5) 13 Spotted (7) IS Composition (5) 18 Vast age (3) 19 Make certain (8) 21 As a substitute (7) 22 Pinal (4) 23 Unfortunately (4) 24 Stubbly (7)
      585 words
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  • OVERSEAS
    • Article
      Lock icon Frustrating years of talks on commodities
      321 3 Reuter. RESULTS of more than two years of talks on a proposed integrated programme of commodity stabilisation agreements have been frustrating, and the talks may have to be extended for a further year until the end of 1979. A report by the secretariat of
      Reuter.  -  321 words
    • Article
      Senate passes $4b aid programme
      183 3 THE US Senate passed a US$l.76 billion (Ss4 billion) programme of assistance to under-developed countries on Monday after overwhelmingly adopting a 5 per cent across-the board cut. The authorisation measure, which deals with only part of President Carters foreign aid request for fiscal 1979, was
      183 words
    • Article
      Lock icon Oiling the barter trade
      153 3 Reuter. AN 011-for-wheat deal with the Soviet Union has given Turkey Its first big breakthrough in attempts to barter with oil-producing states. Details of the deal emerged -on Monday after Turkish Premier Bulent Ecevlt flew home from a four-day Soviet trip. The Russians agreed during talks
      Reuter.  -  153 words
    • Article
      Trading suspended
      49 3 THE TEL Aviv Stock Exchange stopped trading on Monday to prevent panic selling following a radio report that income tax would be levied on profits made by large private Investors, dealers said. A Treasury spokesman however denied the government had any Intention of changing the current regulations
      49 words
    • Article, Illustration
      Hitachi's $30m job
      180 3 HITACHI Zosen recently received an order worth 130 million from UBICiearing, t member of the US Industrie* group. The order calls for the supply of a complete press line to Beudix Corporation of the US, the supply of complete tooling, material handling equipment and installation guidance. The
      180 words
    • Article
      Chink in armour of EEC unity
      400 3 WESTERN Europe's steel industry is going through a production and unemployment crisis that could become the most serious challenge in years to European economic unity. The steel slump has caused more than 65,000 layoffs in the past four years in Western Europe, with some
      400 words
    • Article
      Lock icon Move to curb flow of know-how to Russia
      773 3 NYT. WHITE House officials are pressing for a curb on the export of American 011-pro-ductlon technology to the Soviet Union. The aim of the proposed shift in trade policy would be to give the US new leverage over Soviet behaviour. Government officials
      NYT.  -  773 words
    • WORLD IN BRIEF
      • Article
        Lock icon ONE-FOR-TWO SPY DEAL
        478 3 Agencies THE SOVIET Union on Monday released arrested American businessman Francis Crawford Into custody of the American Ambassador to Moscow as the US temporarily released two Soviet spies, the State Department said. Mr. Crawford was arrested In Moscow two weeks ago and was being investigated for alleged
        Agencies  -  478 words
    • Article, Illustration
      Lock icon Tax relief bills favour tycoons, Carter charges
      962 3 NYT PHEBIQENT Carter denounced bills that would cut capital gain* taxes as "tax windfalls for millionaires and offering two bits for the average American." The bills attacked by the President would ease particularly for those with large Incomes, on profits from the sale
      NYT  -  962 words
    • Article
      Lock icon ILO SLAMS LABOUR VIOLATIONS IN NINE STATES
      244 3 AP. THE International Labour Organisation on Monday denounced labour violations in nine Third World countries and urged them to step up legislation protection workers' rights. In a report to the annual conference in Geneva, Argentina, Chile, Ethiopa, Guinea, Haiti, Indonesia, Liberia, Turhey and
      AP.  -  244 words
    • Article
      Lock icon U.S. BILL YIELDS UP
      366 3 Reuter THE average effective yields on U8 Treasury bills rose to 0.987 per cent for three-month bills and 7.398 per cent for six-month bills at the latest weekly auction, the US Treasury said. The rate on the threemonth Mils was up from 6.688 per cent at
      Reuter  -  366 words
    • Article
      Lock icon Revised US-British tax pact likely to pull through
      264 3 Reuter. THE US Senate is expected to approve a US and British tax treaty shorn of a controversial feature that led to its defeat last Friday, Senate sources said on Monday. Barring some last-minute hitch, sources said the necessary two-thirds vote for
      Reuter.  -  264 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      623 3 REPUBLIC OF TEXAS CORPORATION r3l (rhousonds of dollors) Cosh and demand deposits due front banks S 714.77* 634.071 Money market investments Interest bearing deposits due from banks 1,794,940 I 403.832 Federal funds sold and security resole agreements 270J41 410.281 Investment securities US. Treasury and government agencies 3*7.923 251,413 States and
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      512 4 OPENING prices yesterday were marked up slightly on after hour steadiness, in the Singapore rubber market. Prices, however, fell back slightly on stale bull selling and lack of support. Further ground was lost towards the morning close as sellers predominated. The morning session closed slightly easier,
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    • Article
      Closing
      29 4 Rubber: June 27 Singapore: July 237.1$ cents (down 1.75 cents) Malaysia: July 242.50 cents (down two cents) Tin: MSI.72S down $10) Official offering: 241 tonnes (down nine tonnes).
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    • Article
      R.A.S. PRICES
      295 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 t.o.b. 238.50 239.SON 237.25 238.25N Int. 1 R.S.S. July 239.00 239.50 237.75 238.25 Int. 1 R.S.S. August 238.50 239.00 237.25 237.75 Int. 2 R.S.S. 227.50 228.50N 236.50
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    • Article
      SSR AND SMR
      92 4 NOON SSft and SMR price* yesterday: R.A.8. July Ac ■CUM (Current MU» (Farwi ■rdMtfc) Seller* Buyer Mien Buyers (cent* per k<) (centi >P«rk«> SSR20 (1-ton Pallet) 218.00 220.00N 219.00 221 OON SSR50 (1-ton Pallet) 218.00 218.00N 217.00 210.OON M.R.E.L.B. 8MR5CV (1-ton Pallet) 244.00 246.00N 244.50 248.SON SMR5L
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    • Article
      Produce exchange
      509 4 THE TONE of the Singapore produce market w&t mixed yesterday. The pepper market remained unchanged but very steady. One broker predicted that this trend will continue throughout the rest of the week. There was demand from Europe and the United States, he added. A total of 85 tonnes
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    • Article
      Coffee
      396 4 ROBUSTA futures In London ended the morning opening call barely steady, down from Initially traded highs yesterday, but still €16 to £40 per tonne higher from Monday night. Turnover was 652 lots of which 400 lots were cross trades. Biggest gains were In untraded deferred months. November gained £16
      396 words
    • Article
      Cocoa
      379 4 TERMINAL cocoa yesterday closed the morning opening call £31.50 to £7.50 per tonne down on light liquidation in relatively thin dealings in London. Dealers said the market appears to be fluctuating within a fairly narrow trading range, with near September providing the focal chart point at around £1,800. However,
      379 words
    • Article
      Sugar
      268 4 TERMINAL sugar yesterday morning opened at or Just above steadier overnight kerb levels, showing gains of £1 to £0.65 per tonne In London. Dealers said the steadiness was mainly due io sentiment with shortcovering providing some of the support. The London dally raws price was £1 up at £96,
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    • Article
      Straits tin.
      289 4 THE BTRAITB tin price In Pnani yesterday dropped MflO to $1,725 per piculon an official offering down nine tonnes to 241 tonnes. Values were marked down in response to Monday's easier London closing and the absence of any fresh factors to boost sentiment, but some light local, Japanese
      289 words
    • Article
      Lead
      64 4 LEAD yesterday closed the morning ring £1 per tonne down an round in London. Values moved higher on the pre-market, with three months trading up to £319.50 per tonne, possibly reflecting some covering against US physical business. However, there was no follow through Interest and this, coupled with a
      64 words
    • Article
      Zinc
      61 4 ZINC: yesterday finished the morning ring £1.75 lower for cash and £2.25 for three months In London. Dealers said this metal followed the general trend on the LME with premarket steadiness being eroded on the ring by hedge selling and long liquidation orders. On Monday afternoon, zinc closed £2
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    • Article
      Hongkong comex
      171 4 THE sugar futures market closed around 0.08 US cent firmer in continued quiet trading yesterday, with 10 lots traded against 12 on Monday. The Hongkong dally spot sugar price was up 0.05 to seven cents, while net open positions after Monday's trading totalled 34 lots. Nearby July contracts
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    • Article
      SPOT PRICES
      190 4 YARN and cotton in Hongkong dollars, spot ex-godown CMa Tatar China Blue Phoenix 20 s 1,710. 32 s 2.150. 40 2.230. (per bale of 400 ID*) Pteaa Cut: China Butterfly and Globe Brand una Dragon Head unq. Five lamb* unq. Flower and Butterfly unq. Flying Geese unq. (per
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    • Article
      Rice
      185 4 BANGKOK rice prices quoted as follows yesterday: (US dollar* per tonne FOB bull Bangkok): White Rica: 100 pet let clan 437. 100 pet 2nd clan 422.100 pet 3rd ciaM 417, 5 pet 400. 10 pet 306. 13 pet 357. 20 pet 382. 29 pet 372. 36 net una A-l
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    • Article
      Wheat
      156 4 WHEAT futures in Chicago closed mixed on Monday down US cent a bushel in the nearby, but as much as 3Yt cents higher in other contracts. Trading activity was mostly light late in the session as locals worked both sides of the market. Exporter pricing and the large number
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    • Article
      Soybean
      208 4 SOYBEAN futures on Monday retained most of the earlier upward momemtum to close about US 14 cents a bushel up in the two nearbys and from 5% to seven cents higher in other months in Chicaso. Much of the demand for the nearby months stemmed from the lower than
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    • Article
      Palm oil
      71 4 C.I.r. North European porta; in US Mkr j LONDON. par ton unlaai II 1 MalayMa 9* ffa bulk par tonne tMM •35 air MB* Sumatra 5% rta bulk June July i 710 Mr •Mtt/mpd •mm IN* Aacuat September October 1 November Mak/Sfil 5M*ir uncb WT.Mak' WMPS Nigeria 5*
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    • Article
      Copper
      338 4 COPPER wlrebars In London finished the morning with losses of £3 for cash and £4 for three months In London. The pre-market was steady with some shortcovering against continental business, taking three months up to £724 per tonne. But the movement was not sustained as U8 dealer selling developed
      338 words
    • Article
      Silver
      194 4 THE HONGKONG market firmed 40 HK cents yesterday to end at the day's high at $48.30 per 10 ounces, equivalent to 5.34 US cents per ounce and In line with the overnight Chicago and New York June closings. Trading was quiet throughout the day, with the market opening at
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    • Article
      Gold
      460 4 THE KILOBAR in SlngaBre yesterday opened at 13,818. Selling pressure in Hongkong brought prices to a low of $13,808. Strong buying support was seen at this level. The market closed at a high of $13,856. Spot gold for London delivery opened at U*****.20/50 and closed at $184.60/90. The London
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        541 4 THE US dollar was traded up against major currencies on the foreign exchange market yesterday. It managed to hold steady against the yen and was not traded to new lows. Opening at 200.15/25 against the yen, the US dollar was first traded down to 206.07/15 shortly after trading
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      • Article
        Asian $ and CD rates
        188 4 Asian and CD rates ASIAN currency rate* u at doae c deposit Interbank *1 June 27 USD* Offcr an (Spat) ■U 7 day* 1 mth 2 mltu 3min* fi mlha tmthi 12 mttu i/t ..•1/4 ..•1/2 .»7/» ..•1/4 .•1/4 l/« 3/1 3/4 i/a 1/16 i/a ■w.rn. miiil Dm*. Ftaa) 1
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      • Article
        Australia/NZ
        57 4 AUSTRALIA/NZ eichanges quoted on June 27. AUSTRALIA US dollar I 140/1 1435 Sterling 0.0M.n« Ninety-day air nail buying rate* Sterling O M OB dollar 1.1(14 Ninety-day forward buying rates Buntnt.au U8 dollars ***** NEW ZEALAND Stertiny O WTVO M 42 U8 doUar i asavi azio NOwty-day airmail buying rate*
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      • Article
        Discount
        47 4 RANGE of price* offeree houses on June 27. 1 by discount Overnight 3K« Oil deposit* 3*% 3-month Burtn* Selling Treasury Mils 3 4/16 3 3/16 3-month Bum btiu 91/M 4 14/16 3-month CD Sl/» S «-month CD s vu 5 3/16 Source: National Discount Co Ltd.
        47 words
      • Article
        MLR
        21 4 THE tv*aft rate al which Singapore hanks are currently prepared to lend to their best custswsri is 7 per cent.
        21 words
      • Article
        Frankfurt
        34 4 N FRANKFURT exchanges opening quotes on June 27. DILMMI Can IM7VM Buuama do n. vtm Sfr ill 22/« Lit 2.4M/4M Ffr 45.M/M Nkr B MMO Bfr con 37V353 Bfr FDI «*/T7 Yrn I.(MTK
        34 words
      • Article
        New York
        261 4 THE DOLLAR closed a little firmer against major currencies, including the yen, in quiet trading on Monday. Dealers said some profittaking aided the dollar, as operators were reluctant to take up substantial positions ahead of US trade figures. Attention dn the Japanese trade surpluses, seems to overshadow US
        261 words
      • Article
        London
        187 4 THE DOLLAR yesterday moved up from its closing London levels in line with the trend In New York, although trading was thin and featureless. Position squaring on endmonth considerations and hesitancy prior to the release of U8 and West German trade figures are dampening trading interest, dealers said. The
        187 words
      • Article
        Tokyo
        140 4 THE US dollar for overnight delivery yesterday closed at 206.30. up from a 206.20 opening but unchanged from Monday's close. No central bank Intervention was detected. Trading was active, with volume US$536 million. The dollar steadied on sustained dollar buying by foreign and Japanese banks to adjust oversold positions
        140 words
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        Hongkong
        121 4 THE US dollar yesterday closed slightly firmer in fairly active, but nervous, trading amid some profittaking ahead of the publication of the US trade firarm. The U8 unit rose to 206.30/40 yen from New York's 206.15/30 close, and to 2.0810/20 marks against its 2.0780/90 close in the US. Sterling
        121 words
      • Article
        Eurobonds
        252 4 EUROBOND price 27 quoted BM on June NitmtlM MiO 100 Hydro Quebec 0.90 03 07 07 75 OouitMtd*«tf0.7SM 00 JO 00.SO EtBMcO.HOf 02 S3 Floodgate 10.2S 07 06 00 Inco902 00.25 06.75 IneoOBM 06.90 M teMtwnkernuO.fSOO 00 07 8M0.80I 06.37 06.07 8NCF9.2504 07 07.90 BIB 0.90 00 06.37 9»J7
        252 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      59 4 THE ASSOCIATION OF BANKS IN SINGAPORE Banking Hours mi Friday, June 90, 1979 Notice is hereby given that member banks in Singapore will open for business on Friday, June, 30, 1978, at 9.30 a.m. until 11.30 a.m. only, to enoble them to close their books for the first half of
      59 words
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  • TRANSPORT
    • Article, Illustration
      Savoy Theatre ahoy
      462 5  -  KLEEN-N-PAINT DIVERSIFIES INTO BUILDING By TEO TECK WENG IN A BID to stay afloat in the current shipping recession, most Singapore shipyards are diversifying Into other Industries. Among those to have diversified is Kleen-N-Paint Shipbuilding and Engineering, one of the smaller yards, which has ventured Into building
      462 words
    • Article
      Lock icon London freight
      193 5 AP. ATLANTIC grain rates declined again on Monday despite a larger volume of reported fixings on the London freight market. Large bulkers rates slipped again when the bulk-oil carrier Sauda accepted US$5.7O (5513.11) (FIO) for a 70,000-ton July to August shipment from the US Gulf to Holland. Thus,
      AP.  -  193 words
    • Article
      Lock icon UK-Boeing link
      338 5 Reuter. US AEROSPACE experts predicted that Britain would opt for a link with Boeing Co following British Prime Minister James Callaghan's week-end meetings In Washington on a possible aviation partnership. Britain must decide In the near future whether to back a collaboration with the US or Europe on
      Reuter.  -  338 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      622 5 ARRIVALS service Local Operator Number lime Fran SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL OLA OA944 1055 PKU OLA OA908 1100 MES UB UB231 1115 RON THAI TG981 1120 BKK PAL PR501 1125 MNL RBA BI325 1155 BWN QIA GA982 1200 HLP
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    • Article, Illustration
      SEA-LAND LAUNCHES D-6 CONTAINERSHIP
      134 5 SEA-LAND Leader, Sea-Land's first of four new D-6 class containers hip* was recently christened at the Mitsubishi Heavy Industries in Kobe, Japan. The Leader is the ftxst containership to be completed in Sea-Land's new D-6 class vessel programme announced last year. Powered by an energy-efficient six
      134 words
    • Article
      FAR EAST FREIGHTS
      760 5 THE MARKET is Ideal for both shippers and shipowners. Many fixtures are being concluded at rates that are introducing products to new markets. Charter rates have shown a slight increase with freight rates remaining very steady. Vessels of 10,000 dwt are in strong demand. The scrap market
      760 words
    • Article
      Det Norske to hold ship seminar
      142 5 DETNorsko Varitaa (DNV) dudflettka and mm* at the Shangri-La Hotel (Orchard Boon) at DNV, aclat aifieatioa aocioty, kuaclutUMflNt of um ships (46 aiilHaa (roM toas), nflftmd la M countries. Currently, 119 Siaga-poro-registarod skips with a cross tonnage of more thaa •90.090 ars uador DNV
      142 words
    • Article
      Lock icon Currency adjustment
      88 5 Reuter. THE Association of West India transatlantic Steam Ship Lines said Its members will apply a currency adjustment charge of 15 per cent on traffic to and from Hamburg/ Bordeaux range, Marseilles and Polish, East German and Russian Baltic ports, beginning July 1. Meanwhile, shipping con*ferences covering trade
      Reuter.  -  88 words
    • Article
      Lock icon Cheap loans for tie-in ships
      379 5 AFP, UPI. LOW-INTEREST government foreign-currency loans will be available to Japanese shipping companies for financing socalled "tie-in" ships, the Transport Ministry announced. Tle-ln ships are vessels built at Japanese shipyards, nominally for foreign shipping firms, at the request of domestic shipping companies which plan to
      AFP,; UPI.  -  379 words
    • Article, Illustration
      SHIPS IN PORT
      334 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Hill (0600 after King Sun) 24 Jiang Yin (1330 after Kota BakU) 10/11 Nedlloyd Schelde (0600) 3/4 Perak (1300) 21 East Yidu (0800 40/41 PASIR PANJANG WHARVES Eastern Orion (0600 after Falisa L Kenan) Gdns. 303 987-1087 CB 4 Karya Utama
      334 words
    • Article
      Lock icon BRITISH YARD HIT BY MASSIVE LOSS
      118 5 Reuter. THE state-owned British Shipbuilders conglomerate formed when more than 30 British yards were nationalised last July, suffered substantial loss in its first nine months of business. Informed sources said acounta would show a loss of between £50 and £60 million (SS23O and $278
      Reuter.  -  118 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      16 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEI *****5 CITY TEL *****55 'all us *o; ou. Ijcal ooAord reservations
      16 words
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      Page 5 Advertisements Column 2
      57 5 THIS ANNOUNCEMENT APPEARS ASA MATTER OF RECORD ONLY STRAITS STEAMSHIP COMPANY LIMITED 5538,500,000 Medium Term Financing MANAGED BY CITICORP INTERNATIONAL GROUP FUNDS PROVIDED BY CITIBANK, N.A. BANK OF AMERICA NT &SA THE CHARTERED BANK POST OFFICE SAVINGS BANK THE DEVELOPMENT BANK OF SINGAPORE LIMITED AGENT CITICORP INTERNATIONAL (SINGAPORE) LIMITED A
      57 words
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  • Article
    Developing on the right lines
    652 6 THE International Monetary Fund's decision to reverse its previous thinking and allocate Singapore its share of the profits from the gold auctions is a most welcome one. This is not so much for the amount involved but for the principle underlying the agency's decision. A
    652 words
  • Article, Illustration
    Man— Killer of the seas
    1823 6 Man Killer of the seas NEITHER RICH NOR POOR GOVERNMENTS LIKE TO ADMIT TO DIRTY HABITS THE BIG deen-up i» <m: the United Nations Environment Programme (UNEP) 1 has on the onerous task of coordinating the "de-pollution" of eight large areas of salt water around the world the Mediterranean, the
    1,823 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      248 6 I V i 5 w~ -<W v •'.A.■ i 4 I 1 o Havelock Road B'porc 3. Tel: *****1 ion bar presents The Jackson 5 of Manila Don't miss the exciting sounds of Toto L His Kids. This band of four brothers and a sister has the unique vocal style
      248 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in early mornReport for 24 hours prior to 7.30 p.m. on June 27 at the airport: Maximum Temperature 29.8° C Associated Humidity 83 Minimum Temperature 24.8° C Associated Humidity 94 Hours of Sunshine 1.50 Rainfall in Millimetres 10.4 Total
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      275 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Home Again (Repeat) 0 3.30 Diary Of Events (Malay) 0 3.35 Bonanza A Time To Die 0 4.25 Intermission 6.00 Opening announcements followed by December Bride Do It Yourself 6.30 News in Brief 0 6.35 Wild, Wild World Of
      275 words
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  • Article
    It won't be the same again
    514 7  -  By RERNARD MELUNSKY IT'S THE sort of place you can buy broiled ray to eat, a snake to keep aa a pet or an gtmy helmet to protect you from the midday sun. -But Bangkok's exotic weekend market, a favourite haunt of locals and
    514 words
  • Article, Illustration
    Princess Caroline's priceless dowry— tax exemption
    1168 7  -  Traders have been warned unofficially not to sell souvenirs of Caroline's wedding «y KEVIN DOWLING IT 18 traditional to assure the bridegroom that he's a lucky man, but the phrase has never been uttered more fervently than by,the friends of Philippe Junot. Not only
    1,168 words
  • Article
    STRAWS IN THE WIND
    657 7 I HEAR from Europe that by no means all the friends of M. Junot husband to be of Monaco's Princess Caroline as our story on this page relates are welcome in the Principality. His best man, Hubert Michael PelUcler, for Instance, Is the brother of Florence
    657 words
  • Article
    Lock icon The cost of being honest
    1001 7  -  FORUBGJ r ...on business k 4 •y FOX BUTTERFIELD NYT WHEN representatives from, the Dow Chemical Co. and the Union Carbide Corp. went to the Philippines last year to discuss investng In a proposed new petrochemical complex there, they were surprised to find themselves dealing
    NYT  -  1,001 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      364 7 TODAY Lunch at OKOH <♦ ■r >•!? zm i; 9 3 branches for your convenience SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bidg Raffles Quay. Tel 221 7781 J; KATSUPA |j Orchid Inn, Dunearn Rd Tel 53 11 22 l Enchanted evenings in tine
      364 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      29 7 Brisrtow: IS BB H6. sorotcHE-] is GO*MG> TO Hfcup V-Mm ON HiS U*V/ TO JH6.TOP i Yes-.-wes uNoeRTHe imPßeSSiOrt TV4PCT THIS IS GO»K2> -TO Be HIS NfeJM? Iff 7
      29 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Foreign investors remain cautious
      590 8 TOKYO Source: DBS-Daiwa THE Nikkei Dow Jones average closed yesterday at Y5.472.10 a moderate loss of Y9.17. Turnover continued light and was estimated at 230 million shares. In the morning session, the market was relatively firm, since the yen exchange rate to the dollar remained at
      Source: DBS-Daiwa  -  590 words
    • Article
      Lock icon Hongkong
      382 8 Source: SHK Sec ALTHOUGH the 10 point overnight drop on Wall Street was described as an inhibiting factor, the market never looked like moving either way yesterday. Instead, It consolidated on relatively low turnover again. Some cheap buying pulled the market off the bottom. The market slowly gained throughout
      Source: SHK Sec  -  382 words
    • Article
      Jo'burg
      217 8 GOLDS were quiet and narrowly mixed with a softer bias in line with the easier bullion price fl* on Monday. Dealers said West Drlefonteln declined 200 cents to 3,800 and Buttels 100 to 1,700. Financials tended lower with Anglos 22 cants off at 540 De Beers was n»en cents
      217 words
    • Article
      Bangkok
      143 8 JUNE n Bahts Asia Fibre 259 uncf Bangkok Bank 371 Bangkok Invest. 334 -a Bangkok-Metro-politanBank Bata mj -10 Bern Jucker CarpetIntnl Charoong Thai Wire 278 4-2 Dumex Dustt Thanl 320 -4 Faber Merlin First Trust 413 +2 Genera Finance 333 -3 Indo-Thal Industrial Finance Corp J And J Ho
      143 words
    • Article
      Sydney
      394 8 THE market closed mixed yesterday. with some leading mining stocks easing after a firm start. Dealers said Utah fell 20 to AM on the strike which has stopped Its coal production, while among uraniums, Pancontlnental lost 30 to 13.70 but Peko rose 10 to 5.30. Copper stocks rose a
      394 words
    • Article
      Manila
      133 8 THE market closed mixed yesterday with commercials and minings moving up while oils declined. Dealers said turnover rose to 11.92 million pesos from Monday's 11.74 million pesos San Miguel lost one point but PLDT gained one point. JUNE 27 Pesos A cole Mining Oil unch Atlas Con. A Atlas
      133 words
    • Article
      GENERALLY LOWER
      287 8 EUROPEAN MARKETS bourses closed generally lower on JSZF2L B H? IAN aulet ta quiet trading, bourse sources Austurienne, Vlelile MoniSff"* JKfr* OB 8oh »y _whlle Electraflna, Acec and 8t Roch fell. steels were unchanged as strike action Oocaerui roee six per cent *5 V™**>«tock., UK, butch and P8
      287 words
    • Article
      Amsterdam
      172 8 jvsk a Pla ABN 362.00 unch Ahold 107.10 -0.1 Atao -0.1 AMKV 79.00 ♦0.3 AmntBuk'!. n.n -J -0.1 BoU 72.40 -0.4 Burhinann 73 SO -0.2 Byenkorf n.a ♦0.7 C»1t* D«lft 100.00 4-1 De">«J i».a> -0.3 Ennla 130.00 -0.2 Fokker 29.50 0.0 ford 003.00 2 Otmmi Oektar 31 JO ♦0.0
      172 words
    • Article
      Paris
      248 8 JUNK Fn Alr-Uqulde B 8 N Oemaj Danooe C S F (ThomaonC1) CleFrancaiae deePetrolee Compacnle Financier* Compacnle Oenerale Credit Fonder DeFrance Hachette (Llbralrte) Machine* Bull Mlchelin(B) Parlba* Pechlney Clflne Kuhlmann Peu«eot 1 Philtp«(N»Oem Befit) Prtntempe 8 A Rhone-Poulence 8A Royal Dutch Suex(Clc Flnan De> Thomaon-Brandt Ualnor 280 524 295
      248 words
    • Article
      Milan
      94 8 JUNE Lin Anlc 96.90 -3 29 Assoc Qen ***** 4-300 B&slogi 492 unch Central* 3713 -3* Fiat 17*0 unch Flnalder 103 4-1.29 Gen Immob 72.78 I IFIPrt 2100 -19 Italcementl ***** 4-30 Italgaj 883 -1 Italsider 1M 90 4-9.9 Mafneti M Pf 506 I MarelllErc 290 -1 Mtdlob TVHW
      94 words
    • Article
      Frankfurt
      210 8 JUNE X Dm Aef-Telefunken 78 80 -0.3 Akxo 27 ao -0.3 AllxLeben 435 -20 AJU Vera 487 •1 BASF 128 SO •1.8 Bay HTWbtnl 281 -IS Bay Vbank 312.SO •2 Bayer 137 80 -1 BBC 298 -1 BMW 243 30 -1.2 CUMlU 346 SO -3.S Chem Verw 248 ♦4
      210 words
    • Article
      Zurich
      178 8 JUNE Francs Action* BuUm Alusulsse Br AJusulsse Ret Brown Boverl Br Clba Qelty Br. ClbaOelgyPC aba Oelgjr Rear Credit Sulaae Br Credit Suisse Ret Eektrowmll Br Oeorfe Fischer Br Globus Pc Hero Br Hoffman-La Rochel/10 Holder bank Br Interfood Br Jelmoll Br Motor-Columbia Nestle Br Nestle Re« Oerllkon' Buehrle
      178 words
    • Article
      Brussels
      88 8 JUNK Ft* FORWARD MAR] LIT Acac 306 -15 Arbed 2309 Aitur •18 Braacan 47® J Bru-Lamb 1400 -0 Cock 564 M| 26 DeBaen in -1 Ebw an unch Electro be! 6430 •10 Ob-lnno-Boi 2185 +a Oe> 1300 ♦4 Hobok 2270 48 Prtro 3040 -SO Ryl Dutch 1905 -IS Sldro
      88 words
    • Article
      Selected indices
      50 8 FINANCIAL TIMES INDUSTRIALS Monday 453 0 Friday 110* to 111* H.K. HANG SENG Friday 454.3 Week Ago 497 0 DOW JONES AVERAGE INDUSTRIALS Monday 812.28 SYDNEY INDUSTRIALS Tuesday 421.Tl Friday 823.02 Week Ago 838.82 ALL OR Tuesday Thursday Week Ago LONDON DOLLAR PREMIUM Monday 100H to 110* dinaries
      50 words
    • Article
      Shares fall over a broad front
      1068 8 NEW YORK STOCKS plunged ow a broad front In moderate trading on Monday as Investors fretted ow rising Interest rates and continuing weakness In the dollar. The dollar finned somewhat but not before again hitting a new low against the Japanese yen. Analysts are
      1,068 words
    • Article
      Toronto
      323 8 SHARE prices closed lower In moderate trading on Monday. The Composite Index was off more than 4-1/2 point* with declines in 10 of its 14 component groups. Losses outnumbered gains 230 to 158. Mark borough Properties, subject of a one-for-one share purchase offer by Hudson's Bay Co, Jumped 2-1/4
      323 words
    • Article
      How Courtaulds kept the inflationary wolf at bay
      1489 8 EARLY IN 1977, senior management at Courtaulds, one of Britain's biggest textiles and fibre groups, became aware that the company could not continue on Its existing course indefinitely. Its liquidity was being "crucified" by the Impact of Inflation on a high-volume business
      1,489 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      173 8 ONE GOOD PUBLICATION THAT'S worth a thousand watts II you're into hi-fi, you'll certainly enjoy reading The Craft oi Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve his listening pleasures. Wouldn't it be worth your while to make a mere
      173 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      327 9 7; i fc-f JS f-mb xm it/ m 4 jg» i S 1 «V %t "<A I •r 1 f.••;••,-:^i.'«Ui^ j* rt kftS&v; v l ''J,' 3 "W* u>w*» "m&n <£ f»V s V&" tt-H •w V» v. :«>v C'ts# ••v X« ->• ;f, K 7 j;VisV- «*y r r
      327 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1363 10 KD and offer prteaa officially bated and badoM in and imported to the Stock garhanpa of Onauon yaaterday arttb Um Dumber orrtiarae tradad dMwn in bracfceta tn lota of I.OM unitt unkM othanhn specified. Ail Time Settlement Oqntracta art qpotad aftar Um world "aatt." Me Board daal (in
      1,363 words
    • Article
      Government bonds
      81 10 6 1/4% 16/19/79 260,000) (101.368 102.468) 4 3/4% 16/9/90 260.000) (100.46B) 5* T P 11/4/91 (260.000) K 6.008) IV4/81 (260.000) (100.668 100.768) 7% 16/4/91 (250,000) (100.908 101 068) 7 1/4% 16/4/96 260.000) (100.80B) 7 1/4% 18/18/88 250,000) (100.75B) 7 1/4% 1/8/87 (250,000) (100.75B) 8 1/2% T P 11/t/n
      81 words
    • Article
      Stock options
      87 10 STRIKING prices of the stock options officially listed on the Btock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets Cold Storage (Sept 8170) (0.638 0.758). A C and C (Bept 82.20) (2.708). Hume FE
      87 words
  • Article
    SHARE INFORMATION SERVICE
    2492 10 1978 HiCk Low Conpomy Last Sale +eeQr's Dtv Dhr Crr Qr's Y*ld Net P/E Vol C888) Day Hick Low SECTION ONE INDUSTRIALS 217 214 172 225* 83 245 201 210* 478 *36 132 123* 112 195* 00* 102 173* 140* 250 394 Acma Atcom AlU«d Choc Bata
    2,492 words
  • Article
    Unit trusts
    137 10 SINGAPORE UNlTTBUffr INCOME BOND UNIT (Maaagwe' |riM ikrJwa) (Correal pi nam) The Commerce I.OS l.lOxd INCOME BOND 1.06 1.11 The Sa vine Fund S pore Prof Fund 8'pore Security Fund 1.27 1.35 1.01 1.07 MARA BUMIPUTHA FUND 1.0S 206 First Bumlputra 2.02 2.06 8'port ln«Mt Pund 1 i.siad
    137 words
  • Article
    In Kuala Lumpur
    1557 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise spe flfled INDUSTRIALS A MM < 2.118 2.168) XD Ajlnamata (2.508 2 SOS).
    1,557 words
  • Article, Illustration
    Caution keeps prices front advancing
    773 10 MIXED trading eettansd on the Stock Exchange of Singapore yoetarday aa a ■nd of caution pnraiM on the market. C—rally, prices hotorod at overnight levels with few •elected counters registering good gains. Singapore Bus Service shares performed erratically. Opming at UM in the morning, they
    773 words
  • Article
    Rubber stocks on KLSE make gains
    669 10 PLANTATION stocks were steady in a generally weaker stock market in Kuala Lumpur yesterday. Trading remained selective with most counters drifting slightly easier In low turnover. A handful of blue chips and heavyweights, however, continued to advance. Slme Darby, the most prominent saw sustained
    669 words
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  • COMPANY NEWS
    • Article, Illustration
      GENTING'S WINNING WAYS
      788 11  -  »r STEVEN TAN I AFTER having chalked up a i 21-per cent profit growth rate in 1976 and expressing J conservatism about prospects for last year, Gentlng Highlands has now produced a pleasant set of results for the year to Dec J 31, 1977. With a solid
      788 words
    • Article
      DIVIDENDS ANNOUNCED
      591 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year New Serendah PetaUng Tin Mentakab Setron Gold Coin I nchcape Timuran Hldg. Times Pub. STP(1*75) Eu Yan Seng T'ganu Dev. Mn( Loan Bousteadco Metal Box <S) Hone Leone EaaoTpinef.) Eaoo (Ord.) VOL
      591 words
    • Article
      SCRIP ISSUES
      171 11 Company Particulars Ex Date Books Close Oriental Holding* Bonus Issue of 1 for 2 Jul 7 Jul 19 Grant Ens tern Life Bonus Issue of 1 for 2 NYA NYA Malnyan Plour Bonus Issue of 1 for 3 NYA NYA Strnita Trading Bonus Issue of 1 for 3
      171 words
    • Article
      Oriental Holdings
      75 11 THE Kuala Lumpur Stock Exchange has asked Oriental Holdings Berhad for any expected change in the company's profitability for the current year ending Dec 31, 1978, as compared with fiscal year Dec 31 1977. The exchange also asked if Oriental Holdings expects any change In the amount of
      75 words
    • LATEST RESULTS
    • Article
      City Hotels scheme
      95 11 CITY Hotels will become a wholly owned subsidiary of the Hongkong Land Company if the scheme Is sanctioned by the Supreme Court In Hongkong. In favour of the scheme were 196 shareholders representing 898,230 shares of HKBS each of City Hotels and voting against the scheme were
      95 words
    • Article
      COMPANY MEETINGS
      269 11 New Serendah Rubber Co. Bhd: AOM to be held at No. 50, Jalan Ampang Kuala Lumpur, at 3.00 p.m. on June 28. Keck Seng (M) Bhd: AOM to be held at Johor Barn, Rest House, at Jalan Sungel Cat, johore Barn, at 11.30 a.m. on June 28. Malaysian
      269 words
    • Article
      CHICAGO BOARD OPTIONS
      1584 11 June 26 >. CHICAGO Board Options Exchange volume roee to 101,311 contract* from 98,888 contracts on Friday. OPTION JLY OCT JAN 8TOCK Alcoa 40 21/2 31/2 5 413/8 Alcoa 45 3/8 11/2 23/4 413/8 Alcoa SO 5/8 1/14 13/8 41 3/8 Am Tel 55 UNTRD UNTRD NOL
      1,584 words
    • Article
      Exciting years for Selprop
      1440 11  -  By ARTHUR NG IN THE rush to find solid investments, pundits and speculators alike have made a bee-Une for rubber, tin, motor and of late, finance stocks, side-tracking the property sector. Yet among the property stocks lies a gem that has proved Its mettle both In
      1,440 words
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      Page 11 Advertisements Column 1
      195 11 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this'subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in
      195 words
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  • Article
    Lock icon Special session to hear out Third World
    1121 12 Reuter. TRADE negotiators at the UK General Agreement on Tariffs and Trade have called a special meeting next Monday to hear the v.f£ws of developing countries which feel left out of the Geneva talks on freer World trade. Informed sources said the secretariat
    Reuter.  -  1,121 words
  • Article, Illustration
    Bonn will fight bid to lift EEC growth target
    632 12 WEST German Foreign Minister Hans Dietrich Oenscher aald his country would continue to resist any move for the Community to call for an extra 1.5 to 2 per cent economic growth this year and 1979 on top of the expected 2.5
    632 words
  • Article
    LONDON STOCKS
    760 12 LONDON, Tues. Government sUKks and equities rallied in qtlfct trading today In reaction to ftcent falls. deaJers said. EOng-dated government bonds scored gains of up to point while shorts rose v, to H. Leading Industrials rose several pedoe and at 3 p.m., the Finan-cial-Times Index was up 2.4
    760 words
  • Article
    Keen backing boosts Steamers' loan to $38.5m
    241 12 STRONG SUPPORT has allowed Straits Steamship Co Ltd to raise <38.5 million from a consortium of local banks. The original amount that lead managers Citicorp International (Singapore) Ltd were mandated to raise was $35 million. But enthusiastic support from banks tapped for the
    241 words
  • Article, Illustration
    Former top civil servant tipped for SMA post
    307 12 A FORMER top-ranking civil servant, Mr. Tay Seow Huah (above), is tipped to be the next executive director of the Singapore Manufacturers' Association. According to business circles, Mr. Tay, 45, formerly permanent secretary in tbe Ministry of Defence will succeed Mr. Lee
    307 words
  • Article
    Lock icon Opec growth declining
    231 12 UPI. SAUDI Arabian Oil Minister Sheikh Ahmed Yamani has said that OPEC'S economic growth Is deteriorating and he urged cooperation between the 13member oil cartel and the Industrial world to achieve stable prices. He noted at the opening of an international conference of geologists In Calgary, Alberta,
    UPI.  -  231 words
  • Article
    Hefty drop in KL's Jan-Feb surplus
    549 12 MALAYSIA'S trade surplus for the first two months of this year contracted to M 5443.8 million from 9688.4 million In the same yearago period. The smaller trade surplus was brought about by a 2 per cent decline In exports while Imports rose by 12
    549 words
  • Article
    Bank bullish on exports
    286 12 THE World Bank has predicted higher prices and better earnings for Malaysia's six major export commodities for the remainder of the Third Malaysia Plan period. The six major primary commodities are rubber, palm oil and products, sawn logs, sawn timber, tin and petroleum and petroleum products.
    286 words
  • Article
    Lock icon Stake in NZ brewery no small beer
    194 12 Reuter. SINGAPORE interests are once more buying shares in New Zealand's Lion Breweries, Wellington accountant R.B. Young said yesterday. Mr. Young has acted in the past for multimillionaire industrialist and banker Mr. Tan Chin Tuan, two of whose companies already control 13 per
    Reuter.  -  194 words
  • Article
    Lock icon Thai deficit
    31 12 AFP AN ESTIMATED 55 per cent, of Thailand's soaring trade deficit is Incurred with West Asian countries, especially those whose exports are* chiefly petroleum, the* Commerce Ministry disclosed. AFP.
    AFP  -  31 words
  • Article
    Sums due to Ben omitted, court told
    534 12 A COMMERCIAL Crime Branch accountant admitted in a district court yesterday that the consolidated profit and loss accounts for the six months ended August 1975 of the Ben Oroup he prepared omitted sums due to Ben and Company from its subsidiaries and associate
    534 words
  • Article
    US inflation may slow
    291 12 THE DIRECTOR of the U8 Presidential Council of Wage and Price Stability, Barry Bos worth, said the administration expects a decline in the U8 inflation rate In the second half of this year. In a CBS television Interview, he said food price Increases have been the
    291 words
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  • Article
    SHIPPING TIMES
    3411 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. ScMOitck has a Joint Mrvie* Mroiinit with MISC.
    3,411 words
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      Page 13 Advertisements Column 1
      252 13 f or further details call Singapore *****46 Kua'a Lurr.pur ***** fort *****0 Penan*;: ***** 1 SHIPPING EVERGREEN LINE IEVtRGRtES VARiNE CORPORATION I* e Agents CF SHARP bCO 'Ml PTF LTD Q IRAQI LINE IRAQI STATE ENTERPRISE fOR MARITIME TRANSPORT EXPRESS SERVICE TO BASIUH 14 JULY JU EDKESI t'MM 14/11 WIT
      252 words
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      Page 13 Advertisements Column 2
      308 13 u SHARJAH SHIPPING CO LTD JN ItD ;»*B AHii shippiog line V*-' <UNITED ARAB EM'RAUS 12/15 J* 11/11 Mf 10/13 M/lf GULF SHIPPING LINE (UNITED ARAB EM.RATES) AQF N T 'LP i~ V SHARjAM SHIPPING (Si PTE LTD ORIENTAL SHIPPING CORPORATION Vth Floe Kheoj Ho« Bifif KUALA iUMPU® Tft .'O6IV
      308 words
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      Page 13 Advertisements Column 3
      312 13 LIAN SOON SHIPPING TRADING Cl Ml. "3EUU4AT OATAM" mi xherrt RMUT SBSSuttißff JH-71J-7-7UMLMMPM. sum fiSK""— m.v -sue Hoar II "LUNA MMMU" M.f "6ETMIIMUUT "CHHfT CMMTEK" HI "SINCERE TMDOT Ml "SIORJOUS TMOCt" *♦11-7 71 lALKPAPM, SAMARIUM. UJUHC PANOANC. east mautjia service 2M-711-7-71 KM. SAftMEI. MMTAM 4-7-71 ET»I-7-7» KWCMM 11-7-71 13-7-71 UTI
      312 words
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      Page 13 Advertisements Column 4
      284 13 (+1 EVERGREEN LINE REGULAR RED SEA UNER SERWCE eta rro«E i EVER PBOMOTER My If VOT 17-1 M EVER PIONEER A* 12 VOT lt-l(N LOADING FOR JEDDAH. AQABA JEDOAH, AQUABA GENERAL AGENTS CHIT SENG COMPANY PTE. LTD.. 131, ROBMttOH ROW, SINGAPORE. L TEL: *****33 (I LINES) TELEX: R*****1 Greenfield Navigation
      284 words
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      14 13 SEA LAND ACCimNG LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TEL: *****22
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      Page 14 Advertisements Column 1
      224 14 wrnmm~amm SHIPPING 13/7 15/7 21/7 23/7 ANGLO-FRENCH TRADING M -*4 U44 <» j; M W.V.M i L*S ;^bB IMS *4 Ip.ih Jb <>M>3 4 SUMA LINE K)P( nmahe N EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24 DAYS SPORE ME LAMS MUMS R'DAM HAMB ANTW NEWPORT GRAND RELIANCE HIM 28/6
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      Page 14 Advertisements Column 2
      762 14 I 13 SANKYO LINE] AUSTRALIA SERVICE FJMmi llmiii MOM SAILED Fit AKL, KL EE ST** 3/4 My SEAIIOOII SAILED F«E ADEL,MEL THREE STAR 3/4 My SVO. MEL DIAMOND STAR (lftCal) 1/2 My ADEL. MEL.STD (2MCai) 11/14 My 15/ICMy AOCL.HEI.STD YUEMAN 11/19 My 21/21 My DARWIN, BUS. STO, MEL BANGLADESH SERVICE
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      322 14 SEA tLAND «OTH FLOOR HONG i[ONG PiOG 16 iUrFiF! QUA' S'NGJPORI 800 l nj i Tfrmmjl 'V'.IJ/ FULLY CONTAINERISED Go om better to th« Middle E«st PRIORITY BERTHING ft DISCHARGE AT ALL PORTS Y'HAMA KOBE KAOSHIUNG MARINER COLUMBIALAND MARINER 21/6 24/7 21/1 39/1 2€/7 23/1 5/7 30/7 27/1 9/7 3/1
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      Page 14 Advertisements Column 4
      666 14 Everett Lines/ J f 'BURMESE.NATIONAL LINE" LOADING FQA RANGOON B.F.S.S.C. Agmn in Malaysia: TEPS MALAYSIA Port Kdong Tel (38)-7355 Pcnaog Tel *****/***** S. A. C.I.F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN. BUENOS AMES PATAGONIA ARGENTINA "MEXICAN NATIONAL LINE" FAR IRST/HOOCO B «W AMERICA LOAOMG FOR ENSENADA MAN2AMUO. ACAPULCO. ACAJUTLA
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      299 14 i\KI I M W I \U m i Orient Overseas Co*UauuA. Line m* a/i V 7 5/7 11/7 12/7 a/7 a/7 *7/7 21/7 ys (/i 11/1 12/1 IVI IVI (VIA SUEZ) n/i nn nn 27/7 21/7 31/7 2/1 4/1 VI 11/1 11/1 IVt a/i 22/1 27/1 29/1 11/1 2/1 VI
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      1103 15 QCL Overseas Containers Limited Tl N/CMTIKMT H'burg R'MR U Inn P. totang D'mark Inn. *wn Not* toa II W a M >1 WIM HI) 3M M M M 1 W S M 1 tec Ikm Ikm -7 (1 i m 12 km m i* km n km It M II
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      817 15 Ben Ocean Ajuntxrviu* of Ban Line Blue Fhnncl (Zen Lme and NSMO HNIIK V• My 7/ IMy 7 Aat leodan. I. soon, leraes. Amsterdam. tilbury. Halt. PMTESIUM J/ IMy 4/ 1 SaM Uuan. I.lba*. tatKitw. ra«l MyCRNTIKRI (T« M Sb.lS Earaa* Penang P Mlang SiaprKl PMi PRRTESIUVS MM Sailed J/
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      Page 15 Advertisements Column 3
      714 15 mm MM 11 am u tati «mj i*mj jfcH ISM aAM >J2 P«3 i mat p-mnN raw wvei_wrow £m IkM MM SaiM WM SIM M, TK. U H toiM WM tr M UW JM| 4 Tm, m. MM taiM MM M M U M IM| •M| Ml, 7ml MM MM
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      Page 15 Advertisements Column 4
      710 15 Scan Dutch *9 '•M*. P. tola*! VMMI raaaciica IlKM'i riMCt.tt 10 iJt i/T t j-iui V I MIUMH m» mn m i Hum VI himmi 11/1 S'Mrt L tnillM 8 MM X Ntaft 4 Skh{ a/1 *i/t a/ a/1 m/ i ii/i a/» v a 1/ i. a IS/l 1
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      297 15 FESCO LINES FESCO STRAITS PACIFIC LINE pacific Mm am riitrwist MV I. MTIVMfVMT mv a. uu MV VHMIMtV I'pOf. P. Mm, P WIV Tmaai M» 1/W M| 1/4 Ml 11/14 Mr 11/11 Mr wh m. j nm u/zi km i/ii ii/ii M iin« kn nru FESCO CULF ATLANTIC LINE TMMMTU
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      679 16 ■mjmp' (VIA OB) fcy CMMmt Visnh mow S'pore P. Keiang l.Hiwi Htxrg Bremen rdam A'wn 2W la Pet 21 Mm 11 My 21 My 21 My 22 My 24 Mj nttUJOt PAR 11V IMy IMy27My2IMy2SMyJIMy SnM CMUL •> 11 My 12 My >1 My 2 ta| I ta| 4A* (An
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      Page 16 Advertisements Column 2
      1009 16 E.C.-U.S.A./ATLANTIC/GHIF SERVICE ACCEfTIKS FCIACL CWTAIKB FMM STMC. P. BUM. KMK Smppon P. Kotoaf klm hM| E.C./6REAT LAKES SERVICE UMtal lor: MBfOU. WW (W, MBMTBIAL. TMMTL UTIMU. ItfMU. MICAM. Prrunf bimi P. Kti»| Soawi "S.B. MYSMI" (MU 7) SCI) IH/MtM "s.a. win wmai" (Mm i« set) i*/xi My am Mr »4/a
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      629 16 pp 'FULLY CONTAINERISED SERVICES: jvusw* S pore P. Helen STmmM tomg Jrm. ESEAKMER la Part SIM aMy »Mr ML 11 J* 12 J* »J* 2«n J M ML 21 My 21 My 7An WE 27 My 21 My U MAn M CBNTMNtR Sk| lAn 22 An 27 tag 21 tag
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      623 16 I MALAYSIA* HTVtMATtONAI [cawKWunia EXPRESS FULLY CONTAINERISED SERVICE TO/FROM *ED/UK/CONTINENT/SCANDINAVIA iNto f. Ml»( Vttui Start 0 M*a.lltt SMm 2) Mart 4)Owi EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Mmi P. M'mi N«m laa*a| far> •NU WKN M/1I lair IVM la* Htxjrj 5/1, Ui*/lM<i 7/1. RtM Urt, tat* 16/1, Ipaal O/t. MMU
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      508 16 t INTRASEA (PTE) LTO I i M 1 *P5 til 31 Tr *Kansai Line STRAUS/AUSTRALIA SERVICE Sinjapori P. feline Laatof Mrs V. 1 17 My 14 My Brisbane/Sydney/ Melbourne/Aden lit. twin muni mo m.-aawt miw mmn. I Ua> Til MVPiM 1 TUIIW MM. if VWw:C'L+ SEC AM INDEPENDENT REGULAR SERVICE
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