The Business Times, 27 September 1978

Microfilm: NL9835
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, SEPTEMBER 27, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon House passes tin Bill
      76 1 Reuter. WASHINGTON, Tues. The House of RepreSRntatlves approved the Bill which conditionally authorises a 5,000 long ton (about 5,080 tonnes) US contribution to the International Tin Council's buffer stock, and approves direct sales of another 30,000 long tons (30,480 tonnes). Meanwhile, tin fell back sharply on
      Reuter.  -  76 words
    • Article
      Lock icon Sales slowdown
      53 1 AFP. TOKYO, Tues. Retail sales in Japan, an indicator of consumer spending, rose by only 8.8 per cent in July compared with the same month last year, the Ministry of International Trade and Industry announced today. The figure was the smallest gain since an 8.6 per cent rise
      AFP.  -  53 words
    • Article
      Lock icon Nepal-India venture
      56 1 AFP. •KATHMANDU, Tues. Nepal and India today concluded an agreement for the setting up of a giant cement factory and several other Joint industrial and railway ventures in Nepal. The total cost involved In these projects is 2.6 billion rupees (about Ss7oo million), of which India's equity share
      AFP.  -  56 words
    • Article
      Lock icon Laid to rest
      50 1 Reuter. LABUAN, Tues. Twenty-four tankers totalling. five million tonnes are laid up in Brunei Bay here because of the recession in the oil tanker business, port officials said today. The latest arrival was the 200,000-tonne tanker Texaco Oreat Britain. Two more Texaco tankers are expected shortly. Reuter.
      Reuter.  -  50 words
    • Article
      Lock icon Stock prices soar
      61 1 Reuter. TOKYO, Tues. Share prices on the Tokyo Stock Exchange today soared to their highest level since World War Two, and Investors said they expect a further rise. The market average rose by 31.86 points to close at 5,693.92. Dealers said buying was spread over a wide
      Reuter.  -  61 words
    • Article
      Asean's small industries
      63 1 A PRIVATELY-organised seminar on the role of small industries in the Asean national economies will be held in Singapore from Nov 20 to 23. Several prominent Asean leaders have been Invited to speak at the seminar. They Include Mr. Goh Chok Tong, Singapore's Senidr Minister of State
      63 words
    • Article
      Lock icon Petroleum chiefs
      68 1 Reuter. PEKING, Tues. The People's Daily today revealed the appointment of four new viceministers to China's Petroleum Ministry, saying they had been named for their technical expertise. ♦•The four are: Hou Hslang-ling, who was educated in the United States and was formerly president of the Research Institute of
      Reuter.  -  68 words
    • Article
      Lock icon Dow Jones
      74 1 UPI. ,lc HEW YORK, Tues Stock prices were slightly higher in the early going today as Investors exjiftsssed relief over a moderate rise In August consumer prices. "Concern over rising Interest rates and the weak dollar, however, restrained buying. The Dow Jones Industrial average, which eased 0.09 point
      UPI.  -  74 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      123 1 Foils Most octive X Enterprise* Tractor* OCBC Boustead Sine Darby CftC MGItu PAN 268 500 8D0 257 320 498 155 530 -60 -40 -30 -29 -28 -27 -26 -25 Sime Darby 925,000 Haw Par 744.000 UOL 285.000 Cons Plant 282,000 UOB 267.000 Total Turnover: 9.76 m Total
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    • Article, Illustration
      In Kuala Lumpur
      152 1 Foils Most active Toshiba 4 00 -.94 S. Darby 1.171.000 Castlefleld 11.00 -.50 Haw Par 995.000 Con PH Wrt 3.60 -.40 Consplant 389.000 OCbc 8.65 -.35 Genting 314.000 Si me Darby 3.24 -.34 Total Turnover. 6.53 m Hi and Lo 3.24 -.30 Total Value: MS 16.49 m
      152 words
  • Article
    Lock icon Lee trades ideas with EEC chief
    325 1 AFP. MR LEE Kuan Yew revived the idea of a trade agreement Unking the European Economic Community with Asean in talks he had yesterday with EEC Chairman Roy Jenkins. The Singapore leader was to fly out yesterday evening at the end of a two-day
    AFP.  -  325 words
  • Article
    Sime Darby leads fall in market
    700 1  -  By PETER CHIA THE MAULING of the bulls continued on the Stock Exchange of Singapore yesterday. k After firming in the morning, the market began easing off gently. But the trickle of selling suddenly turned into a torrent of orders which flooded the market.
    700 words
  • Article, Illustration
    Tourist industry remains optimistic
    405 1 SINGAPORE'S tourist traffic In the first seven months of the year grew at a slower pace than the two previous years, giving rise to concern that tourism may provide less impetus to the economy than it did last year. The main reason for the decline in
    405 words
  • Article
    Bonn pips US as top exporter
    204 1 WEST GERMANY'S sales abroad have for the first time topped America's and may stay ahead the rest of the year, US News and World Report said. The American news magazine said Frankfurt's Commerzbank noted the shift puts Germany at the top of the worldwide
    204 words
  • Article
    Lock icon Dollar shrinks
    124 1 Reuter THE DOLLAR slipped further downhill yesterday and the price of gold shot up to a new record level despite President Carter's latest pledge to maintain a strong US currency. Once again, the spectacular rise of the Swiss franc took the limelight. At one point yesterday, the dollar
    Reuter  -  124 words
  • Article
    Allegation of insider trading unfounded says committee
    243 1 THE STOCK Exchange of Singapore in a public statement yesterday refuted allegations of insider trading as voiced in the latest issue of the Hongkong-based magazine, Far Eastern Economic Review. In the article written by Mr. Paul Wilson, it was alleged that members of
    243 words
  • Article
    Nichicon to produce capacitors here soon
    345 1  -  •r JOHN LIM ONE of Japan's largest manufacturers of capacitors for audio products and other electronic equipment will start production in Singapore In the next few months. Nichicon Singapore, a wholly-owned subsidiary of Nichicon Capacitor Ltd, has been formed, with a paidup capital of
    345 words
  • Article
    Turning to the West
    177 1 CHINA, after winning a triangular game with Tokyo, Moscow and Peking, Is moving to expand Its economic relations with Western nations, Japanese International Trade and Industry Minister Toshlo Kohmoto said yesterday. Mr. Kohmoto said China is turning to West European nations and the Uxjtted States in
    177 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      28 1 whatever you need in fnenswear.get itat... MOHAN'S UEPI STORE (PTEJ LTD. 3tt Orchard Road W *****22 (naxt to Mandarin Hotel) Branch: 101.langlin Shopping Centre 'M *****40 Daily :9am-9pm
      28 words
    • Advertisement
      Page 1 Advertisements Column 2
      64 1 BIRKART FREIGHT NEWS LCL AND FCL CONSOLIDATION SERVICES FROM SINGAPORE KUALA LUMPUR t PENANG to HAMBURG ROTTERDAM SOUTHAMPTON vLONDON. HONGKONG AUSTRALIA SIMPLIFY YOUR EXPORT ARRANGEMENTS AND SAVE COSTS For rotes and further details contact: Birkart Southeastasia Pte. Ltd. Suite 1004, CPF Building 79 Robinson Road, Singapore-1 Tel: *****66 (6 lines)
      64 words
    • Advertisement
      Page 1 Advertisements Column 3
      70 1 MALAYBIA more* to revitalise tin production 2 US labour may ooopcrate with wage/price guidelines 3 CHINA to start air link with Hongkong 5 SINGAPOREANS send the t cash registers ringing 6 SHIPPING TIMES MORE tax concessions for exKtriate Americans 12 JS only Asian ooncern to comanage $€8m issue 12 MEMOPAD
      70 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 Leader Page 6
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    • Advertisement
      Page 1 Advertisements Column 5
      238 1 TAffleTA LITE I P PROGRESSIVE ENTERPRISE PTE LTD I km'ifr'! I ;i/ &1> S I !UM M I^WnTEEBEi^M BV J X i«* *At Mr Khor Chong Far. Managing Director. United Electnc Supply. Ipoh. "I run a wholesale electrical business. And you can imagine the problems with accounting I face. But
      238 words
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Austrian steel makers to discuss prospects in region
      299 2 Reuter. AUSTRIAN envoys and trade representatives in Asia will meet top Austrian iron and steel manufacturers In Kuala Lumpur from Nov 7 to 9 for talks on prospects in the region. Austrian Ambassador to Malaysia, Robert Marschik. said the tnree-day symposium between
      Reuter.  -  299 words
    • Article
      Malaysia's move to revitalise tin production
      543 2 THE MALAYSIAN government Is studying now to strengthen and revitalise the tin Industry at all levels, Primary Industries Minister Mr Paul Leong said In Kuala Lumpur on Monday. In recent years, Malaysia has found It Increasingly difficult to mine for tin. This Is reflected
      543 words
    • Article
      No intervention
      188 2 THE MALAYSIAN Ministry of Primary Industries is keeping a close watch on developments in the Penang tin market but has ruled out any Intervention by the government for the present. The minister, Mr. Paul Leong said this on Monday when asked to comment on the recent news report
      188 words
    • Article
      Garrett S'pore opening
      100 2 GARRETT Singapore, a subsidiary of Garrett Corporation. Los Angeles, will be officially opened on Oct 18 by Mr. Hon Sui Sen, Minister for Finance. The aerospace manufacturing company was formed in March, 1977 and began {iroductlon 16 months later, t has an authorised capital of $1 million
      100 words
    • Article
      Export potential to Canada unrealised
      302 2 MALAYSIAN manufacturers have much to offer the Canadian market, but this potential is not being fulty exploited. This was disclosed by Encik Sabbaruddln Chik, the director of international trade, Ministry of Trade and Industry. Trade between Canada and Malaysia last year was valued at M
      302 words
    • Article
      Lock icon Stone-walling profiteers in India
      319 2 UPI A MAJORITY of India's 22 states announced plans to take over the sale and distribution of cement from private firms beginning next month. The Indian Federal government announced that the decision will check large-scale blackmarketing In cement. The distribution of cement which Is scarce In
      UPI  -  319 words
    • Article
      Lock icon Aussie rice threatened
      195 2 Reuter. NEW South Wales 1979 rice crop coukl be hard hit by this month's wet weather In the state's southern rice belt, said the Australian Rice-growers Association president, Mr. Graham 'farmers are usually well advanced In seed bed preparation by this time, but on most farms hardly
      Reuter.  -  195 words
    • Article
      Taching oil output up
      66 2 PRODUCTION of crude oil In Tachlng, the biggest petroleum complex in north-east China, in the first eight months of this year increased 11 per cent from the same period last year, a Hongkong communist newspaper reported yesterday, quoting the Hsinhua News Agency. Ta Kung Pao, which
      66 words
    • Article, Illustration
      HK's Miss Courtesy
      121 2 MISS HONGKONG and Courtesy Ambassador, Mlm Winnie Chan (above), will lead a delegation of officials from the Hongkong Tourist Association to Singapore tomorrow. With the current courtesy drive in Hongkong among all sectors of the tourist industry, the Hongkong Tourist Association is Its official representatives to .another
      121 words
    • Article
      Datapoint broadens its activities
      324 2 DATAPOINT Singapore is taking a further step into the world of computer component*, manufacture after turning out magnetic heads for disk drives for two years. The new programme, which was described as a trial ruq by Mr. Joey Yin, the rhanager, covers the manufacture of printed
      324 words
    • Article
      Well done, Singport
      189 2 SINGPORT, the four-man team from the Port of Singapore Authority, has emerged the winner of the 1978 National Management Game in the finals held last Saturday. The team notched the best return on capital at 77 per cent. The finals were played over six periods by the
      189 words
    • Article
      ITB aid offer
      81 2 THE Industrial Training Board (ITB) has indicated its willingness to assist the plant construction Industry to upgrade skills when members of the board met Industry representatives yesterday. The ITB" suggested that, the SMA work out the specific training requirements of Its member firms so that the board
      81 words
    • Article
      Conference of insurance experts
      299 2 SENIOR Minister of State for Finance, Mr. Goh Chok Tong, will open the 9th conference of the East Asian Insurance Congress next Monday. Theme of the five-day conference, to be attended by about 1,000 delegates from Singapore and other Asian countries, is strengthening the foundation for
      299 words
    • Article
      Lock icon PROMOTING BATIK
      88 2 AFP A WORKSHOP on the batik industry will be held in Singapore soon as part of a campaign to expand the market for the commodity to the EEC, the United States and Japan. The Kelantan state director of cooperative development, Encik Mohamad Nor Haji Ibrahim, said the proposed
      AFP  -  88 words
    • Article
      MEMO PAD
      286 2 COURSES AND TALKS Sept 1-Oct 6: A practical ap- proach to computerised mgt Information system (MIS), SIM, SIM Sept 25-29: Introduction to fire insurance, SITC, SITC Sept 26-Oct 12: Industrial Relations, Holiday Inn, POD. Oct 3: Management by objectives, Hilton, Consulasla. Oct 5-6: Mergers, for managers, Hilton, Consulasla.
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      201 2 HAO/ LOAN C/U /O AVAILABLE e Shopping Complex Complex of Business and Residential Facilities Bedok Shopping Complex is a good investment to tap future business. With major roads running on both sides of this complex; and Changi Airport swinging into operation Bedok Shopping Complex promises to be buSy as ever
      201 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      590 2 CRYPTIC PUZZLE ACROSS 1 It's sort to one's ear (6) 7 He thinks very highly of things (8) 8 New name for the last word (4) 10 Another Ume (6) 11 Figure Don to be a leader 14 They're not out! (3) 18 Dressing in a boat (5) 17 Clobber
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  • OVERSEAS
    • Article
      Lock icon Meany reverts to softer approach
      345 3 Washington Star. AFTER month* of controversy, aome Carter sHdiinistration officials say they are teeing aew encouraging signs that labour will UOOpei ate at least tacitly in a new antiMflation policy. -Although the dispute lingers, some administration officials were very pleased at AFL-CIO president George Meany's
      Washington Star.  -  345 words
    • Article
      Lock icon New look 'snake'
      320 3 Reuter SPECULATION Is hardening In the Frankfurt foreign exchange market that parities in the European Joint Float will have to be realigned to take account of the Deutschemark's strength and to give the proposed new European Monetary System (EMS) a chance of success, currency dealers said. They
      Reuter  -  320 words
    • Article
      Lock icon Special terms for China's farm produce purchases
      239 3 UPI. AN AGRICULTURAL trade expansion bill that would grant "most-favoured nation" trade status for Chinese purchases of US farm products has been approved by the US House of Representatives. Rep. Paul Findley, said: "This is the first positive legislative step the House has
      UPI.  -  239 words
    • Article
      Lock icon UK government stands firm on Ford pay claim
      272 3 Reuter. THE BRITISH government Intends to stand firm in relation to Ford UK unions' rejection of a company wages offer within the f;overnment's pay guldeines. Chief Treasury Secretary Joel Barnett said In a radio interview that it would not help the unions
      Reuter.  -  272 words
    • Article
      Lock icon Production transfer planned by Sanyo
      131 3 AP JAPAN'S Sanyo Electric Co. plans to discontinue domestic colour television production for the American market and to transfer the output to its American subsidiary plant. Sanyo did not say specifically When the American subsidiary, Sanyo Manufacturing Corp. (SMC), will undertake production. but said the
      AP  -  131 words
    • WORLD IN BRIEF
      • Article
        Lock icon COFFEE STALEMATE
        531 3 Agencies THE International Coffee Organisation conference resumed talks on a new coffee price agreement yesterday with coffee producers and coffee consumers far from a price agreement and neither side willing to lay down specific proposals. Progress was slow at the MOhday morning session aqd the head of the
        Agencies  -  531 words
    • Article
      Lock icon Three-month bill yields at 4-year high
      289 3 Reuter AVERAGE effective yields rose to 8.106 per cent for three-month bills and 8.276 per cent for six-month bills at the latest weekly auction, the US Treasury said. The three-month yield was up from 7.884 per cent at the previous auction and was the
      Reuter  -  289 words
    • Article
      CHINA MOVES AHEAD
      103 3 JAPANESE Minister of International Trade and Industry Toshlo Kohmoto predicted China could achieve or even surpass the goals set under its current 10-year economic expansion programme. Mr. Kohmoto, who recently held five days of talks In Peking, said yesterday that the return to political stability In China
      103 words
    • Article, Illustration
      Lock icon Tighter money in America likely
      829 3 PEAK RATE LEVELS Reuter CHASE Manhattan Bank chairman David Rockefeller thinks US monetary policy will be tightened further before the end of the year. He said: "My guess, though, would be we are fairly close to the interest rate peak with the higher rates beginning
      Reuter  -  829 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      185 3 Now, you can enjoy the fruits of America's space age technology right in the heart of your office. 1 X W/ii "V A v Ts m J* r *v t 4 A' A 5 J "00 a Oa 3 °ao A 9 jtesi TT ,V J V I T' RUSt
      185 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      506 4 THE SINGAPORE rubber market yesterday closed higher with October One RSS buyers quoted at 253.50 cents per kilo, up 3.25 cents from Monday's close. Morning prices were marked up on higher London advices, u'pcountry, trade and speculative buying and reports of an impending Rumanian order, dealers
      506 words
    • Article
      RAS PRICES
      347 4 Prices in cents per kilo yesterday. Noon (per kilo) Close (perkllo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. Oct Int. 1 R.S.S. Nov Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont Int. 4 R.S.S UK/Cont. Int. 5 R.S.S. UK/Cont Buyers 250.25 252 00 255 75 241.25 240
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    • Article
      SSR AND SMR
      111 4 NOON SSR and SMR prices yesterday: October November RAS (Current Mth) (For* rard Mth) Buyer* Seller* Buyer Seller* (cents per kg) (cei ita perks) SSR 20 (1-ton pallet) 225 00 227 00N 22*00 228 00N SSR 50 (1 -ton pallet) 223 00 225 00N 224 00 226.00N
      111 words
    • Article
      Closing' prices
      31 4 Rubber: Sept 26 Singapore: Oct 253.50 cents (up 3.25 cents) Malaysia: Oct 259.00 cents (up 2.75 cents) Tin: M 51,860 (down $18) Official offering: 164 tonnes (down 71 tonnes)
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    • Article
      Rice
      197 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne. F O B. basis Bangkok) White Rice: 100 pet Ist class 402. 100 pet 2nd class 387. 100 pet 3rd class 382. 5 pet 377. 10 pet 352. 15 pet 347. 20 pet 342. 25 pet
      197 words
    • Article
      Produce exchange
      341 4 THE SINGAPORE produce market closed steady In quiet trading yesterday. Trading activity In coffee was light. Local traders were apprehensive about the continuing International Coffee Organisation meeting in London, and were not Inclined to deal. Light volume also prevailed on the local copra and coconut oil market. According
      341 words
    • Article
      Hongkong comex
      168 4 THE SUGAR market yesterday closed 0.27 US cents higher than Monday, following the stronger New York close, with 10 lots traded against six on Monday. Nevertheless, the close marked a low for the day following the lower London opening, and after commission houses and loeal operators had been
      168 words
    • Article
      Lead
      67 4 LEAD was mostly C 0.5 per tonne higher In London yesterday. The market was buoyant on short-covering and some chart, support up to C 370 per tonne during kerb dealings. Continental physical demand was still evident while availability of good quality metal and scrap offerings remained fairly tight. Sales
      67 words
    • Article
      Palm oil
      84 4 CIC North European ports. In US dollar* per ton unlets otherwise stated. LONDON: Malaysia 5H ffa bulk per tonne Monday Previous November 593 sir 592sir Sumatra 5% (fa bulk September unq 875 slr/885/870 pd October 823 4 sir 820 sir November 905 sir 802W«ir December 595 sir 590
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    • Article
      SPOT PRICES
      195 4 YARN and cotton In Hongkong dollars spot exgodown Cotton Yarn China Blue Phoenix 20 s 1.880. 32's 2.600. 40 s 2.790. (per balrof 400 lbs.) Pioce Goods China: Butterfly and Olobe brand unq Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq. (per piece
      195 words
    • Article
      Straits tin
      246 4 THE STRAITS tin price In Penang yesterday fell MS 18 to $1,860 per plcul. Despite smaller tin supplies, the weaker sentiment was affected by an easier London market following approval of the 5.000-ton tin sales to the International Tin Council's buffer stock by the US House of Representatives
      246 words
    • Article
      Zinc
      70 4 ZINC gained £5 for cash and £4.75 for Three Months in London yesterday. The market appeared to be expecting other European producers to follow Preussag's price increase on Monday despite the reports that Panarroy a had taken no decision on its price so far. Some trade covering and stop-loss
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    • Article
      Coffee
      234 4 ROBUSTA futures in London yesterday opened steady with gains of £16 to £9 per tonne over Monday, in sales of 318 lots. Dealers attributed the early gains to trade and commission-house buying aided by Monday night's firm New York close. They said there were no fresh market factors and
      234 words
    • Article
      Sugar
      209 4 SUGAR futures closed C 3.30 to £3.75 per tonne higher and turnover totalled 4,311 lots In London on Monday. The market displayed a firm trend with prices moving up through previous resistance levels of £109.75 and C 114.80 per tonne basis December and March respectively. Despite profittaking, values held
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    • Article
      Cocoa
      170 4 TERMINAL cocoa in London yesterday opened £3 to £2 per tonne down In a turnover of 60 lots. Dealers said the market was quiet and rather thin reflecting lack of fresh news or trading incentives. Prices were Initially slightly higher but light trade selling depressed values by end call.
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    • Article
      Soybean
      165 4 A FLURRY of selling In the final minutes drove soybean futures down 6-1/2 to 3-1/2 US cents a bushel In Chicago on Monday. Prices slid near their lows on heavy commercial and Brofesslonal selling believed > be pre-hedglng of expected heavy country selling that night. Weather was a major
      165 words
    • Article
      Wheat
      93 4 CHICAGO wheat futures on Monday managed to continue last week's advance despite some profit-taking near the close. The market ended four to 3/4 US cents a bushel higher but several cents from the day's highs. The September contract closed unchanged. The main feature of the session was heavy spreading
      93 words
    • Article
      Copper
      318 4 COPPER wlrebars in London yesterday finished the morning C 0.5 higher for cash and unchanged for Three Months. The market was subdued throughout the session and price movements were fairly routine. The continued strength In gold and the possibility of copper being purchased from the proceeds of tin sales
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    • Article
      Silver
      217 4 THE Hongkong sliver futures market yesterday closed unchanged at HK5261.00 per 10 ounces, with no trading reported. On the LONDON Metal Exchange, silver on Monday rose by 4.1 to 4.5 pence per troy ounce. The strength In gold and US futures encouraged short-covering up to 298.1 pence In' the
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    • Article
      Gold
      521 4 THE KILOBAR In «lngapore yesterday pened at 5515,717 and closed lower at $15,653. The highest and lowest prices of the day were $15,717 and $15,631. The tontkof the market remained q#et Spot gold for London delivery opened -at U*****.20/.60 and closed at U*****.70/.00. The highest and lowest prices of
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        540 4 THE US dollar firmed against 'most currencies during the initial hours of tradtng yesterday on the foreign exchange market, before easing later after London opened. Against the yen, the dollar opened at 187.00/ 70 before firming to 188.20/ 30 by about lunch time. London trading later saw the
        540 words
      • Article
        Asian $ & CD rates
        165 4 Asian CD rates ASIAN currency deposit interbank rates as at close on Sept 26: US Dollar* (Spot) Offer Bad 115/16 813/16 9 1/8 9 95/16 93/16 99/16 97/16 .97/8 93/4 9 7/8 9 3/4 12mths ..97/8 93/4 8w. ¥r%. Dm. (NMktPrkM) .7/11 3 mths 9/1 e i 1 1/16 RM
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      • Article
        Discount
        44 4 RANGE of price* offered by discount houses on Sept 26: Overnight 3S% Call deposits JS* CImhc Buying Sellug 3-month Treasury bill 39/16 37/16 3- month Bank Bills 61/3 63/6 3-month CD 61V16 613/16 6-month CD 7 1/6 7 Source: National Discount Co Ltd.
        44 words
      • Article
        MLR
        17 4 THE average rate at which Singapore beaks are currently to le*d to is 7.21 per oeat
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      • Article
        Euro $ rates
        81 4 Euro rates FIXED dated London Eurodollar deposit rates hardened In light, early business yesterday following a fresh rise in US Pad funds on Monday. Eurodollar dcpoalu dosing quota on Sepl 26 OwnikM t-9/16. S-7/M Wed/Thura 8-11/18. 8-9/18 Tbun/rtl 25-7/1. 25-3/4 Call Iwo day* 8-11/18, 8-8/18 Seven day* tlx and notice
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      • Article
        London
        345 4 THE DOLLAR yesterday firmed In early trading as the market took Its cue from Far Eastern markets and reacted modestly to Monday's pronounced weakness. It was quoted at 1.4970/ 5000 Swiss francs compared with 1.4880/ 4910 overnight and at 1.9465/75 marks against 1.9410/25 overnight, dealers said. However, sterling, at
        345 words
      • Article
        Hongkong
        175 4 THE US dollar yesterday closed stronger against Continental currencies and the yen In moderately active trading. Dealers cited President Carter's confidence that the natural gas price deregulation Bill will be passed, coupled with announcement soon of a US export promotion programme, as fuelling demand for the US currency. The
        175 words
      • Article
        Tokyo
        146 4 THE US dollar for overnight delivery yesterday closed higher at 188.65 yen, compared with a 187.60 opening and 187.85 at Monday's close. Trading volume was a moderate US$449 million. After an initial fall, the US currency rose on sustained dollar demand for overseas remittances for the end of the
        146 words
      • Article
        New York
        131 4 LATE afternoon Interest on Monday pushed the dollar off its lows, but on balance the currency lost further ground in fairly active trading. President Carter's address to the IMF had only a modest Impact on the dollar, with interest rate factors and possibly some official Intervention pijfying a
        131 words
      • Article
        Zurich
        61 4 ZURICH exchanges closing quotes on Sept 25: U8 1 4(70 4900 Slf 2 8360-9442 Can I.JM7-MT7 D Mk 78 9833-9072 On 70 4073-1894 r FT 33 (956-34 0027 B FY 4 8547-8893 D Kr 27 8® 1-7407 N Kr 28.8898-9330 8 Kr 33 7458-S2S2 Ut 0 1802-1807 AIM Ktl
        61 words
      • Article
        Australia/NZ
        63 4 AUSTRALIA and New Zealand exchanges on Sept 26: AUSTRALIA: US dollar J. 1804/ 1 1558 Sterling 0.8881/ MIS Ninety-day airmail buying rate* Sterling I MS US doHar 1 1954 <v Ninety-day forward buying raiac Sterling 0 5919 US doiWr 1 1477 NEW ZEALAND: Sterling 0 5385/ 0 5388 US
        63 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
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      50 words
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  • TRANSPORT
    • Article, Illustration
      THE ROYAL PRESENCE
      108 5 SEMBAWANG Shipyard was B'aced by the royal presence of •n Queen (above), a selfpropelled semi-submersible oil rig, which arrived at the yard on Sept 11 to modify its facilities and to instal new equipment. The largest to arrive in Singapore for repairs, the Danish rig is operated
      108 words
    • Article
      FAR EAST FREIGHTS
      1151 5 *IT IS expected that traders -»will benefit from, some forthcoming changes in policies that previously allowed one or two shipping companies to maintain monopolies on certain routes. Movements between China and Southeast Asia are increasing. Bangladesh movements are increasing as well and Bangladesh may soon become a
      1,151 words
    • Article, Illustration
      SHIPS IN PORT
      356 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (0830 after Vlshva Apurva) 42/43 J. Islam! TaaJ (1400 after Bunga Orchid) 38/39 Kwangtung (0600 31/32 NedUoyd Adelaide (after Nedlloyd Bovenkerk) 3/4 Nedlloyd Bovenkerk > (0300) 3/4 Southern Mercury (0500) 29/30 Vllyusk (after Kamensk Uraljakly) 15/16 PASIR PANJANG WHARVES V Asean
      356 words
    • Article
      Lock icon China to start air link with Hongkong
      543 5 AP. CHINA Is stepping up Its transportation facilities for travellers visiting China via Hongkong. Authoritative sources said a twice-daily passenger flight from Hongkong to Canton will begin next month in time for a monthlong Kwangchow Export Commodity Fair starting on Oct 15. The
      AP.  -  543 words
    • Article
      London to Sydney air fare slashed
      75 5 AUSTRALIA and Britain have reached an understanding on cheaper airfares between London and Sydney, cutting about a third off the current minimum rates. Canberra government sources said the new fare for a London-Sydney return trip to be Introduced next March or April, could be
      75 words
    • Article
      Lock icon SHIPBUILDERS TEAM
      65 5 Reuter. A TEAM of British Shipbuilders will leave for China next week at the invitation of the Chinese government. The team was invited shortly after a recent visit to China by British Secretary of Trade Edmund Dell. A spokesman for the state-run British Shipbuilders, said: "We see excellent
      Reuter.  -  65 words
    • Article
      LONDON FREIGHT
      146 5 MOST freight business centred in the Western Hemisphere where nongrain commodities played a more prominent role than of late. Coal reappeared in a 45,000-tonne mid-October movement from Vancouver to Contrecoeur by the Sanko Bay at US$l5 (5534.50) (FIO), while ore charterers arranged a 120.000-tonne cargo abroad the E.W.
      146 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      700 5 ARRIVALS Sarviee Local Operator Number Time Prom MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1*4 KUL SIA SQ209 m HLP
      700 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      255 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Coll us to.' you. local or onward reservations We're right at home around the world. C: m 'W&: With more than 1000 offices, branches and agencies in over 45 countries, Scotiabank is very much a world bank. And we're a large
      255 words
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  • Article
    Restrictions on trading smack of overkill
    514 6 THE MALAYSIAN banks have stamped down their corporate feet on the lifeline of the Singapore and Kuala Lumpur stock exchanges, and unless they ease up within a few days the markets, if not completely asphlxlated, will suffer sufficient brain damage as to render them
    514 words
  • Article, Illustration
    Sophisticated selling counts
    1783 6  -  Br TSANG SAU YIN THE STOCK market may be tugging at the hearts of many Singaporeans today but the one pre-occu-pation which is really tugging at the purse-strings is shopping both at the departmental stores and In the shopping centres. The pressure of increasing demand and more
    1,783 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      276 6 m y. fj r w t Sandeman's Cream Sherry You don't have to pay a high price for a good Cream Sherry. S Another quatay product from ♦4 Ps m Hotel Royal-RAMADA Newton Road, Singapore 11. Republic of Singapore Telephone: *****1. Telex: RS-***** Cables HOTELROYAL DflLVflniUS <5 Tttffflscirifmorts i m
      276 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair Report for 24 hours prior to 7.30 pm on Sept. 26 at the airport: Maximum Temperature 31.2° C Associated Humidity 68 Minimum Temperature 24.4° C Associated Humidity 97 Hours of Sunshine 6.60 Rainfall in Millimetres Nil Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      269 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies (Repeat) 0 Simon Legpee Drysdale 3.30 Diary Of Events (Malay) 6 3.35 Bonanza Face Of Fear 0 Starring: Lome Greene, Dan Blocker and Michael Landon 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction The Golden Spike Ceremony (Repeat)
      269 words
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  • Article, Illustration
    BORROWERS AND LENDERS
    1101 7  -  ■y A.H. HERMANN A H Hermann is legal correspondent for the Financial Time*. A SERIES of actions brought in the High Court against the London headquarters of Moscow Narodny Bank and concerning the r rations of its Singapore branch is now in preparatory stage and may come
    1,101 words
  • Article, Illustration
    Broker Gunn is out to breach the Japanese barrier
    1236 7  -  Not many money brokers can look at the prospect of breaking into the Japanese market without blanching. But Astley and Pearce has donned the robes of the unflinching pioneer and, according to JOHN BARTHOLOMEW, its calculated gamble may take off yet.
    1,236 words
  • Article, Illustration
    STRAWS IN THE WIND
    261 7 ONE OF the company's telephone operators, who has always gone out of her way to help callers, was completely at a loss for an answer when someone called yesterday to ask If she .knew what time it would rain. After a slight pause, she decided to
    261 words
  • Article
    Lock icon All set for the shoplifting season
    779 7  -  [FORUM, I ...on retailing By R RUDOLPH PYATT Washington Star THE TROJAN Horse is more than Just part of mythology, as far as many of the retailers In Metropolitan Washington are concerned. It's still a vital part of a war. 80 are fish eyes,
    Washington Star  -  779 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      361 7 New Japanese Restaurant KiKU^p serving authentic Japanese food k A t, fi 41 lepixin Vikki *k i ni[xiia SlTcishimi *Sukivaki *ShaixiShahu KIKU JAPANESE RESTAURANT ORCHID'NN Tel *****2 214 Dunearn Road Singapore 11 Enchanted even i ngs in fine European tradition. Mirabelle i*H All the ingredients for an enchanted evening arc
      361 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      32 7 BriStoW: VCfctf SRoCTtO OF Nfcx, "*b oFFea me B lift SAMPSON 4 USHBT HRVe OJE. VfeflE. P» BGRv_)T)FtjL bLOHDf HiTfcH-HtV&L... VlPptp.( LUC<\ 6f\oc seprr 6R»stouj «K NO, HO —DON'T STOP-frS R D©C
      32 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Export issues up
      600 8 tfoKYO Source: DBS-Daiwa THE market continued bullish yesterday, centring on blue chip*. Export-related Issues also shot up owing to buying by Institutional Investors, In spite of the appreciation of the yen rate against the dollar. Total sales value was relatively big, although turnover was estimated at 230
      Source: DBS-Daiwa  -  600 words
    • Article
      Lock icon Hongkong
      352 8 Source: SHK Sec > PRICES Improved across the board yesterday on continued small trader interest and some selective Institutional Interest. was In the face of bearish comments by a government spokesman on land prices and impending Interest rate rises. Most of the Index gain was In the morning with
      Source: SHK Sec  -  352 words
    • Article
      Sydney
      270 8 OIL stocks were the centre of attention yesterday following the announcement of a new oil find In the Cooper Basin In Queensland. SEPT 2t Cents INDUSTRIALS A.C.I 187 1 A.N.I 180 unch A P M 118 -2 Ampol Pet 89 unch B H P 890 +2 Bank NSW 784
      270 words
    • Article
      Manila
      103 8 SEPT K Pesos Acoje Mining .0105 unch Atlas Con. A Atlas Con. B 22.70 +0.1 Baguio Gold 0135 unch BenguetCon. B BF Ooodrlch 37 25 unch 24 00 +0.5 CDCP 31 50 1.25 IncoB Landoil 017 >unch Le panto B 26 +0.005 Marinduque B 7 50 -0 45 Meralco
      103 words
    • Article
      Bangkok
      225 8 Sept 2C Baht Bangkok Bank 368 unch Bank of Ayudhaya Ltd 270 unch Thai Danu unq Thai Farmers Bank 352 unch Thai Commercial Bank 772 •12 Bangkok Metropolitan Bank unq Industrial Finance Corp 2.635 unch General Finance 306 +2 Bangkok Investment 330 +4 First Trust 304 unch Raja Finance
      225 words
    • Article
      Jo'burg
      306 8 SEPT M Rand INDUSTRIALS A Alpha Abercoro AE And CI AMIC Barlows Cg Sugar CNA Currte Finance De BeersInd Ed con Edgars Eveready Fed Volk Fuglt Oardlan Olenanl Oratemn Hippo HI veld Huletts Liberty Lonrho LTA M And R Mccarthy Metbox Nedsurl OIL Ok Baz Oudem Pep Piknpay Plate
      306 words
    • Article
      Lock icon BHP details debenture offer
      142 8 Reuter BROKEN Hill Pty Co Ltd (BHP) said It will offer AsBo million debentures at par to all share and debenture holders registered Oct 20, with the right to accept 20 million oversubscriptions. Terms and coupon are: six years 9.7 per cent, 10 years 9.8 per
      Reuter  -  142 words
    • Article
      Amsterdam lower
      527 8 EUROPEAN MARKETS AMSTERDAM share prices closed lower on Monday after last Friday's recovery. All Dutch internationals eased, while Arr.ro Bank fell 1 30 fullders and ABN 2.90. HVA dropped 2.70, Van Ommeren 4.90 and Fokkw 1.40. Ahold gained 2.20 and Oce Van Der Orlnten 2.70. Bols. Olst-Brocades and
      527 words
    • Article
      Amsterdam
      216 8 SEPT 26 Fls ABN 379.00 -2.5 Ahold 120 20 +2.2 Akio 31.80 -0.2 AMEV 91.50 -0.2 Amfas 112.00 -1.5 Amrot Bank 80 10 -1.3 Bergoss 64 00 +0.5 Berk 95 10 -0 9 Bo Is 78 50 ♦0.5 BorsumiJ 1(6.10 ♦0.6 Burhmann 75.70 1.4 Byenkorf 100 30 ♦0.8 Calve
      216 words
    • Article
      Paris
      271 8 SEPT 25 Fr» CORBEILLE Air-Liqulde B S N Gervais Danone C 8 F (ThomsonCif) Cle Francaise des Petroies Compacnle Financier* Compacnle Generale Credit Fonder De France Hachette (Llbralrte) Machines Bull Mlchelln(B) Partbas Pechlney CI fin* Kuhlmann Peugeot Philips (Nv Oem Bezlt) Prlntemps S A Rhone-Poulence 8A Royal Dutch SueaCte
      271 words
    • Article
      Frankfurt
      240 8 SEPT 2S Dm Aef-Telefunken 86 30 ♦0 4 Akzo 29 50 -0 2 All* Leben 710 unch Allz Vers 520 unch BASF 140 30 +0 5 Bay H T Wbank 293B Bay Vbank 339 SO 11 Bayer 142 50 ♦0 5 BBC 300 2 BMW 228 50 ♦0.5 Cnssella
      240 words
    • Article
      Zurich
      183 8 SEPT Francs Actions Suisse? 304 -2 Alusulsae Br 90S -30 Alusulsae Ret 490 -10 Brown Boverl Br. 1540 -30 ClbaOelgy Br 895 -30 Clba Oelgy PC MO -35 Ciba Oe lgy Ret Ma -10 Credit Sulsae Br 2170 -30 Credit Suisse Reg 41S -S Elektrowatt Br 1800 -20 George
      183 words
    • Article
      Brussels
      94 8 SEPT 25 Ftl FORWARD MARKET Ac*c 465 ♦8 Arbed 2480 unch Astur 778 unch Brascan 472 unch Bru-Umb 1820 -10 Canpac 62# 4-2 Cock 492 -8 IV Beers 223 -4 Ebes 2305 -10 Eleclrobel 6800 -40 Ob-Inno-Bm 2405 -15 Oev 1500 unch Hobok 2910 ♦80 Petro 3750 -40 Ryl
      94 words
    • Article
      Milan
      94 8 SEPT a Ure Anlc 112 ♦1 Assoc Gen ***** -250 Bailor SftS -22 Central* 5520 -25 Flat 3030 -50 Tlnslder 20« Orn Immob M ♦0.5 IFI Prl 2800 -115 Italcemenll ***** -450 Italfas 829 •1 Italslder 409 -13 MagnetlMPf 563 -25 Marrlll Ere 340 •10 Muliob ***** 780 Miralanza
      94 words
    • Article
      Toronto
      332 8 SHARE prices closed fractionally higher In active trading on Monday. The composite Index was up 1/2 point with advances tn eight of Its 14 component groups Oalns outnumbered losses 231 to 199. LAC fell 3/4 to 20-1/4 and Canada Permanent Mortgage rose 3/8 to 19-1/4. The companies are discussing
      332 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Monday 509.4 Friday 518.6 Week Ago 530.8 DOW JONES AVERAGE INDUSTRIALS Monday 802.35 Friday 862 44 Week Ago 870.15 LONDON DOLLAR PREMIUM Mondav 88 "4 tn 88% 87% to 88'.. H.K. HANG SENG Tuesday 632.47 Monday 618.73 Week Ago 623.76 SYDNEY INDUSTRIALS Tuesday 478.06 Monday
      63 words
    • Article
      Lock icon FINNISCHE INDUSTRIE REDEEMS
      59 8 Reuter. FINNISCHE Industrie Bank AO Is redeeming the outstanding 68.6 million marks of Its 80 million mark 9 per cent loan dated 1975/1984 as from April 1 next year. Berliner Handels und Frankfurter Bank AO said redemption will be at 102l/2per cent. The bond was launched under
      Reuter.  -  59 words
    • Article
      CHICAGO BOARD OPTIONS
      1693 8 September 25 CHICAGO Board Options Exchange volume eased to 112,506 contracts on Monday from 138,507 last Friday. OPTIONS OCT JAN APL 8TOCK Alcoa 40 5 6 3/8 UNTRD 45 1/8 Alcoa U 11/2 31/3 43/4 451/8 Alcoa 50 111/10 2 5/8 45 1/8 Am Tel 55 6i/a
      1,693 words
    • Article
      Stocks firm
      1196 8 NEW YORK STOCKS turned In a mixed performance on Monday In the slowest trading since early July as late bargain hunting offset earlier weakness. Interest rate worries persisted as two banks raised prime rate to 9-3/4 per cent from 9-1/2 and the Federal Reserve confirmed It has tightened
      1,196 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      53 8 The Love of nese ookins A &■> *7V j. i' f< *35^ ft -W *f* '\j w f Kenneth Lo liiiyiiniiffi j" ■*< i 111 ilii !)»■> I <inr, < I il ml in ]i i i f Over 100 dwcloni CMn—luotrotod wMh 00 cotour photographs CMnooo woy of aorvlng
      53 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      CBC complies with disclosure rules
      614 9 ASIAN J tJHE GOVERNMENTOWNED Commonwealth Winking Corporation (CBC) has given an indication of the large additional profits and reserves likely to be fevealed by Australian banks under new disclosure <rutes. The banks have traditionally been able to mask jLhelr profits because they did not need
      614 words
    • Article
      Lock icon HK Land to build flats for govt
      159 9 Reuter HONGKONG Land Co Ltd has been awarded a contract to build 1,000 flats under the Hongkong government's home ownership scheme. The flats are to be built in eight blocks each of 16 storeys high at Tuen Mun in the New Territories, Hongkong
      Reuter  -  159 words
    • Article
      BAGUIO REDDER
      89 9 BAGUIO Gold Mining Co announced first half 1978 net loss of 2.98 million pesos (loss 1.72 million). Total revenue came to 25.2 million pesos (23.7 million >. The company" president Mr. Henry Brimo said smelter charges increased 51 per cent during the period compared with the same period
      89 words
    • Article
      TNT improves Aussie position
      265 9 THE THOMAS Nationwide Transport Ltd (TNT) group Improved its position in the Australian transport market in the year ended June 30 through sustained marketing and operating efforts, despite keen competition between transport operators,TNT said in its review of the year's operations. General business activity In Australia,
      265 words
    • Article
      Lock icon Benguet given 10 days
      84 9 Reuter THE National Pollution Control Commission said It gave Benguet Exploration Inc and Black Mountain Inc 10 days to Justify their request for reconsideration of a closure order. On adjourning a public hearing, it said the companies must submit additional documents on how they will solve
      Reuter  -  84 words
    • Article
      Tax provision cushions slide at Sleigh
      293 9 H.C. SLEIGH, the petroleum. shipping, woodchips, coal and rubber group, is planning a major reorganisation programme following a 25 per cent slump in earnings, from A 58.29 million to $6.15 million In the year to June 30. The result would have been far worse
      293 words
    • Article
      Lock icon Fujisash companies submit corrected statements
      165 9 Reuter FUJISASH Industries Ltd and Fujlsash Sales Co Ltd said they submitted to the Finance Ministry, their corrected financial statements for the business year ended March 1977. and the year ended March 1978, In view of Inadequacies In statements published In the past. The corrected
      Reuter  -  165 words
    • Article
      Lock icon CURACAO NOTE
      41 9 Reuter BANK of Tokyo Curacao Holding NV. a whollyowned subsidiary in Curacao of the Bank of Tokyo, will shortly issue a US$3O million. 15-year, floating rate Eurobond. Bank of Tokyo said. Proceeds will be used for long-term dollar lending.
      Reuter  -  41 words
    • Article
      Lock icon Saint Grobain on the road to expansion
      507 9 f i EUROPEAN FT FRANCE'S LARGEST pri-vately-owned Industrial company Salnt-Oobaln-Pon t a Mousson Is reorganising completely the management and operational structure to both its holding company and Its operating divisions. The move follows the company's recent decision to raise Fr 594 million by
      FT  -  507 words
    • Article
      Shipping slump fails to upset Leif Hoegh
      395 9 NORWEGIAN shipping company, Lelf Hoegh, continues profitable despite the current slump, reporting higher profits for the first half of this year. Gross freight earnings In the six months totalled NKr 995 million against NKr 863 million in the opening half of 1977, while
      395 words
    • Article
      Lock icon Battle at Argus rages on
      1998 9 DISARRAY SPILLS OVER TO MASSEY-FERGUSON FT. NUMBER TEN Toronto Street is a building easily overlooked. Buried in the heart of Canada's financial capital, Toronto, its neo-classical elegance is lost among the surrounding tower blocks. Only the number above the black double doors indicates that this
      FT.  -  1,998 words
    • Article
      Preussag in deficit despite better results elsewhere
      305 9 PREUSSAG, the West German base metals, chemical*, energy and engineering group which has recently acquired a majority of Amalgamated Metal Corporation (AMC) told shareholder*- that it had made a further-loss during the first half of this year. But it was able to improve
      305 words
    • Article
      Tarmac first half drops
      97 9 TARMAC Ltd reported a fall in first half pre-tax profit to £6.25 million from iy.»7 million. Sales were C 348.94 million compared with €302.15 million for the same period last year. Interim dividend at 3.986p (3.57p) plus 0.94p extra payment for 1977. Profit is after interest
      97 words
    • Article
      Lock icon EMI sues General Electric over patent
      127 9 Reuter EMI LTD said it filed -salt against General ElectrW*Co (GEC) in the federal dissrttt court in Milwaufc*# Wisconsin, for infrin««ment of eight patents through the manufacttfte and sale by General Electric's medical systems division of computed tomography X-ray scanning systems. EMI said it
      Reuter  -  127 words
    • Article
      Lock icon Joe Coral moves into US casino scene
      103 9 Reuter THE JOE Coral Organisation, one of LondqJTjs biggest betting groups, it was moving into casinos in the United States with the cooperation American firm. Coral said it had reached agreement with HardwiCte Companies Incorporate 3>f New York to acquire 20 per cent
      Reuter  -  103 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      104 9 uu3 I a division of PERKIN-ELMER helping people the world over succeed with computers Let us help you, write or call: Periun-Elmer Data Systems (Far East) Private Limited 30th Floor. UIC Building. Shenton Way. Singapore 1. Tel *****49 THINKING OF GIVING SOUVENIRS TO YOUR BUSINESS ASSOCIATES FOR THE OCCASION? Your
      104 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      IN Singapore
      1536 10 t port 1 to the g* Singapore y tiler- with the number of iharea traded in lou of 1.000 un--o"*rwl*1 specified ou«iJ!s^?Si! emwU Contr cl uc quoted after the word "wtt 2 deal n ,0t art quoted after the let--BECTION ONE INDUSTRIALS Am. (3) 2.36 (6) 2.37 (3)
      1,536 words
    • Article
      Government bonds
      123 10 4 1/2% 1/8/88 (250.000) (99.528 99.608) 4 1/4% lt/*/80 (250.000) (99.978 100 058) S% IS/4/81 (250.000) (100.108 100.208) 5 1/4% T F IWBI-84 250.000) (102.358) 7% 1/8/88 (250,000) (100.708 100.858) 7 1/4% 18/4/88 (250.000) (100.75B) 7 1/4% 18/18/88 (250.000) (100.75B) 7 1/4% 1/8/87 (250.000) (100.70B) 5 V 4%
      123 words
  • Article
    SHARE INFORMATION SERVICE
    2529 10 is- J A Low Company Last Sale +OTGr'a Dtv Dhr C'vr Gr'» Y'ld Net P/E Vol Day COOO) High Low l>n«» SECTIONONE MM INDUSTRIALS 272 238 -178 :219 »JR ?76 826 >•£46 660 132 123* 112 133 195* 60'4 162 173* 140* 256 Aetna Alcorn Allied Choc
    2,529 words
  • Article
    Unit trusts
    161 10 ASIA UNIT TRUST INCOME BOND UNIT Maaagwi- prion for 8a* M gap* r Mai Invest Fund 2.18 2 30 Mai Prof Fund 112 1.17 (Comal INCX3ME BOND rlcn) 1 09 1.1S Mai Security Fund 1.11 l.i( Mai Berjaya Fund 1.15 l.an MARA BUMIPUTRA FUND (Maaaga«' prion far 8m
    161 words
  • Article
    In Kuala Lumpur
    2069 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 specified. INDUSTRIALS Atmi (2.2ft8). Alimmili 12.1108). A (cam (1 90a 2.106). A C«•*
    2,069 words
  • Article, Illustration
    Forced selling hits market
    672 10 TRADITIONAL marhet leader Sime Darby collapsed aad dragged the market down on the Stock Exchange of Singapore yesterday. The nurket opened steady with a alight rally and prices Armed marginally. However, despite news of the rise in the Hang Seng index b> about nine points hi
    672 words
  • Article
    Another sharp decline in KL
    838 10 SELLERS flooded the Kuala Lumpur stock' market yesterday causing prices to suffer another sharp decline across the board. The widespread and substantial losses Incurred at the close, brought the New Straits Times Industrial in-1 dex to below 400 points since it first crossed the level
    838 words
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  • COMPANY NEWS
    • Article
      OIL PALM OUTPUT AUGUST
      63 11 FFB OIL kernel Tons Tons Tons Ayer Molek Rubber 103.77 Benta Plantations 6,092.00 1,218.00 244.00 Bukit Katil Rubber 550.98 Castlefield 297.12 59.44 Consolidated Plantations 54,658.00 10,932.00 2,186.00 Golden Hope 3,971.59 867.53 Inch Kenneth Kajang 55.10 11.76 Kempas(M) 8,709.00 1,742.00 348.00 Kuala Selangor 90.76 19.71 Kundong Tanjong
      63 words
    • Article
      COPRA/COCOA OUTPUT AUGUST
      15 11 Copra Cocoa Dunlop Estates Tons Tons Golden Hope 414.76 370.59 Patallng 8.26
      15 words
    • Article, Illustration
      Rising yen may hit Melcom
      291 11  -  ■y P. Gunosogaram DESPITE a good shewing In the first-half of this year at Matsushita Electric Company (Melcom), the directors definitely expect profitability to be affected adversely in the second-half because of the rise In the value of the yen. Melcom, which Is 43 per
      291 words
    • Article
      Perwira Habib picks up in second year
      333 11 IN ITS second year of operations. Perwtra Ha bib Bank Malaysia has turned the corner, reporting a net pre-tax profit of $377,038 for the year ended Dec 31, 1977 compared with losses of $464,198 in 1976. On an after-tax basis net profit amounted
      333 words
    • Article
      DIVIDENDS ANNOUNCED
      439 11 Current Ex Book* Date Total for Total for payment Date close payable the year previous year M'wat* 10%TE(b) Aug 24 Sept 6 Oct 16 10% TE 10HTE Inch Kenneth 10%I Sept 19 Sept 29 Sept 29 10% 10% Harper Gilf 5%I Sept W Sept 25 Sept 29 5%
      439 words
    • Article
      SCRIP ISSUES
      143 11 Company Particular! Es Data Boafcj < RoUuunt Carbfearc Bonus issue of 1 tor 4 Oct 18 Oct 26 Bonus issue of 1 for 2 Oct 1* Oct 28 Tamarisk Bonus issue of one for 8 Oct 8 Oct 18 M*U* KmilU Bonus issue of 1 for 4 Oct
      143 words
    • Article
      Malaysia Weaving spins out a better first-half
      394 11 THE erratic fortune* of Malaysia Weaving Enterprise have taken a torn for the better again with profits for the first-half to June 30, 1978 up 150 per cent to $301,058. The group profits ware achieved on a slightly reduced turnover of 14,7(7,310 resulting
      394 words
    • Article
      Twin property firms depend on investments
      395 11  -  By MANO SABNANI JUDGING from their Interim statements, it would seem that the twin property companies Central properties and Town and City have become totally reliant on investment income. Both companies did not derive any income whatsoever from property development in the first six
      395 words
    • Article
      COMPANY MEETINGS
      194 11 PAN Malaysia Rubbar Industries Berhad: AOM to be held at The Asean Room, Holiday Inn, Jalan Plnang, Kuala Lumpur, at 10.30 a.m. on Sept. 28. Pan Malaysia Cement Works Berhad: AOM and BOOM to be held at The Asean Room. Holiday Inn. Jalan Plnang. Kuala Lumgur, at 11.00
      194 words
    • Article, Illustration
      Genting profit soars to new heights
      938 11  -  By SUSAN BEVAN THE first-half of 1978 has been another period of very strong growth for Genting Berhad (previously Genting Highlands Hotel). The group's pre-tax profits over the six months to June 30 Jumped 46 per cent to $21.2 million on gross receipts up
      938 words
    • Article
      KLK to redeem second tranche of loan
      246 11 JUST about a year afUr it made the first redemption of its high loan itra coupon, Kuala T limpi Kepong it bow proposing to redeem a cond tranche of tin ■hares. *> The company wKidi last year redeemed "$6 million or a quartet-*f
      246 words
    • LATEST RESULTS
      • Article
        MALAYAN Cables Bhd:
        25 11 Unaudited pre-tax -loss M>0.57 million (profit $4.95 miUidn) for the half-nrear ended June 30, 1978 on jwes $8 40 million (sljj?7o million).
        25 words
      • Article
        Tasek Cement Bhd:
        48 11 Net profit M 59.30 million (<7.«8 million) year ended June $0, 1978. A final dividend of l4<&er cent (7.5 per cent) gross payable Nov 11 to stakeholders registered Oct JT Bonus Issue of oneJnrdlnary share for every rive ordinary or participating preference stock units l»«d-
        48 words
      • Article
        Kesang Tin (Malaya) Bhd:
        15 11 unaudited pre-tax loss M 527.402 (loss $1,315)"jix months ended June.Jo, 1978.
        15 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      260 11 Services (UK) Wc invite the Singapore business community to subscribe to the UK-based McCarthy Information Services at the same price as British subscribers receive these weekly services in the United Kingdom. This has been made possible because the services are air-freighted to Singapore in bulk and distributed by Asia Research
      260 words
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  • Article
    Carter outlines his economic strategy
    276 12  -  IMF/WORLD BANK MEETING By QUEK PICK LIM in Washing ton Ufl PRESIDENT Carter reiterated hi* Mgiailinlinn to reduce inflation and sto—gtben the dollar by reducing America'a l*«e balaaee of payments deficit. on Monday's official IMF/ World Bank meeting, the President announced a number of stops
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    Lock icon The pressure grows
    240 12 Reuter. ENFORMAL pressure is growing on the US from the financial community to adopt some form •f a prices and incomes fl|>llcy. The monetary sources atfndlng the Joint IMForld Bank annual meeting said no direct Approach has been made to tte US to formulate such a S>llcy
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    US expects downward deficit trend
    366 12 AMERICA expects to cut Its balance of payments deficit next year by as much as US$7.6 btllion(Bsl7 billion). This will be between 30 and 40 per cent less than the $19 billion currently projected for this year. And, US Treasury Secretary Michael Blumenthal said, the
    366 words
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    Lock icon Great news for Americans abroad
    943 12 TAX BENEFITS INCREASED AP, NYT. THE US House of Representatives has passed a Mil that would greatly Increase tax benefits for Americans working abroad. The tax benefits were trimmed by a bill passed in 1976 but its application had been postponed by Congress. The new
    AP,; NYT.  -  943 words
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    Lock icon TOTAL WORLD OUTPUT IS BELOW AVERAGE
    927 12 Reuter XHE INTERNATIONAL Monetary Fund estimates $iat real gross national -product will grow at an annual rate of 3*» per cent this jiear and in the first half of W79, informed monetary sources said. The sources said that IMF Managing Director Mr. Jacques de
    Reuter  -  927 words
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    LONDON STOCKS
    806 12 LONDON, Tues Share prices closed narrowly higher in quiet trading with institutional Investors inhibited by the strike at British Ford. At 3 pm the Financial Times index was up 2.3 at 511.7. Industrial leaders showed gains ranging to 6p while government bonds finished with losses of up to
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    Senate 'yes' to loan facility
    195 12 THE US Senate approved a bill authorising US participation In the IMF Wltteveen Facility and sent It to the House for final congressional action. The US Is contributing US$l.7 billion (Ss4 billion) to the facility. The House 4s expected to send the bill to President
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    Lock icon Major changes in Fund's board
    230 12 Reuter. MAJOR changes In the board of the international Monetary Fund became official yesterday when Saudi Arabia seated its own executive director as the 21st member, the first time the fund's governing body has had more than 20 directors. In a significant constituency realignment, Spain
    Reuter.  -  230 words
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    DBS invited to co-manage $68m issue
    324 12  -  By COLIN CHEE THE DEVELOPMENT Bank of Singapore Is the only Asian firm among six comanagers for a US$3O- (about 5567.5 million) floating rate note Just offered in Europe. The issue, for Bank of Tokyo's Curacao Holdings, is lead-managed by S.G. Warburg and Company.
    324 words
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    UIC-Marchon moves into upmarket product
    332 12  -  ■y JOHN LIM UIC-MARCHON'S second phase of operations will begin in early November. With this, the sulphonic acid intermediates manufactured under Its first phase operations will be reduced by 30 per cent. This cutback will enable the company to produce higher value alcohol ether sulphate.
    332 words
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    Lock icon Japan studies aid plans
    79 12 Reuter. JAPAN Is now studying plans to boost Its cofinancing with the World Bank to help developing countries in their development projects. Japanese Finance Ministry officials said the Tokyo government and the World Bank are discussing a list of development projects submitted by the bank. But
    Reuter.  -  79 words
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    PROJECT TAKES WING
    251 12 SPURRED by expectations of an uptrend. Wing On Investment Co (Singapore) has followed up Its earlier move into the property market by entering the residential sector. Wing On Life Garden, at Buklt Tlmah Road beside City Towers, will cost $25 million and will be completed by November
    251 words
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      130 12 IT PAYS TO CONSULT INDC6UEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES Today.we arei quoting the following for Singapore Dollar term deposits up to *****.000 1 month 5'6% p.a. 3 months sV«®fo p.a. 6 months 6%P-a. 9 months 6% p.a. a 12 months p.a. Savings 4%% p.a. We also
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      126 12 kV M' i■ =i Pffjßpl ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles?
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    SHIPPING TIMES
    2998 13 SCHEDPIE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. .t Consortiums SeanDuteh has a Joint ser«vlce
    2,998 words
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      349 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents: Barber Line* Singapore Pte Ltd Tel: (2651 Harrisons 4 CrosHetd Kuala Lumpur Tel: <0750/59 Pernas-MISC Panang Tel: ***** SHIPPING [Q SANKYO LINE OCEAN TIMBERS LINE INDEPENDENT KARACHI/BOMBAY/CALCUTTA SERVICE KARACHI COCHIN CALCUTTA. MADRAS GENERAL AGENTS 800*1*6$ LOAD AGENTS P. KEUNG PENANG OCEAN SHIPPING
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      503 13 m KIT* SAMUT V 20 KITI SAM U TV7I KITI SAMUT V 22 thai *I<4P/*€ UNF mr^sr REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK BANGKOK SINGAPORE 26 Sep 2lSep lOd 20ct 50d 70rt IOOcI II Oct 14 Oct It Oct M Oct 20 Oct BOOKINGS ENQUIRIES OCEAN SHIPPING I ENTERPRISES
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      410 13 ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN TORTS OF HALT. SPAIN, FRANCE m, OINOUSSIAN MAIDEN S'PORE P Kttaof Onck«r|M( Pprtt 15 Oct MM. I«pmu Stifnio Mufilonr BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP 8_ U.K. ACCEPTING THROUGH BILLS OF LADING TO MAIN U K DESTINATIONS DtsifMr{in| P u
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      445 13 ANHSING LINE REGULAR SEMI-CONTAINER/ LINER SERVICE Sport Pitta* Lwdinj »ec_ ANHSING NtPort Jeddah UNION ADEN 5/7 Od Jeddah/Hodetdah UNION YENBO a/31 Oct V*V LORD STEAMSH,P 1 TAINAN/STRAITS/TAINAN EXPRESS LINER SERVICE Loading for Port KeUnj, Peiunt Keetont K»ohth»un| SPORE PKELANG PENANG 1 LOON CHONG In Port Sartod 6 (2nd Call) LOON
      445 words
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      55 13 .(=$^{\\;};/]~@_+<"|$\+],$+)_{~ BTARTWAY SHIPPING CORP. B.A. m.v. "GODSPEED NO. I" (VOY. 119) ETA 14/V7B PPW Gda. 302 General survey on damaged cargo discharged ex. the above vessel will be held on 28th Sept. 1978 from 9 am. to 12 noon. No further survey wtll be held after this date. Agent:- Log
      55 words
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      808 14 FULLY CONTAINERISED TO EUROPE s-pn f**m o*ta»Ba? CrfrrfE** Oukaß* EXPRESS CONVENTIONAL TO EUROPE S pan tMrni P» BMba* tat Htwt IDmi Mm IMtmp BvchcmtoM 4/10 5/10 2®/l0 22/10 3/11 7/11 31/10 1/11 Frimnt* 20/10 6/H 19/H «/H 13/11 15/11 SIS ii/in 13/11 ?0 24/ li 16/11 Jim 22/11 9/12 20/12
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      588 14 Hw 11/17 Hot 19/21 IJ/14 I n* 24/25 IS E E To: US ATLANTIC US GULF t EAST CANADA TaiPeg Hot 11 0«c Hot IS »K Hot 17 Oec Hot» Ok Ok Ok Dk Dk 3 I OK Dk 7 Dk asriar c«r 27-21/12 29-38/12 VanctOTW, B.C. Seattle bw/i •ni
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      623 14 LAND U.S.A./ASIA SERVICE MY KFRKERATED CONTUIKt SERVICE S*lU* mr WEDNESO*3 FM PORTS m US*. "ANAD* CARIBBEAN, MPM. UMU. TAIWAN. HONG KONG, THMUMD MO PHILIPPINES rtSSEL/VOYAGE Vessel C.F.S CLOSES Arrives/Departs 700 PM WORLD LION V 9 SEPT 28/29 SEPT 27 WORLD TIGER VlO OCT 5/6 OCT 4 WORLDIION VlO OCT 12/13
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      1069 14 Everett Lines Burma Five Star Sbippmc Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON htomtw narr/n *n SSL Bi S.SC Agents in Malaysia TEPS MALAYSIA Port Ketang TJ (38) 7355 Penang TH 6214i/»i7562 Compania Argentina De \>;Na*efacion Intercontinental S. A. C. I. F. °o|l "ARGENTINE NATIONAL LINE" M S LOADING HM
      1,069 words
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      429 14 Orient Overseas Co*ilcu*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CHEVAUERBOZEIBO NEPTUNE KMI UK MERCATM m ORIENTAL CWEF 1M H.KOM CONTAINER 12R ORIENTAL RESEARCHER S SEAS BRIDGE IS* NEPTUNE CORAL 10* 16/10 18/10 20/10 23/10 25/10 27/10 31/10 2/11 4/11 7/11 9/11 11/11 13/11 15/11 17/11 20/11 22/11 24/11
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      1064 15 QCL Overseas Containers Limrted CMnimair soma ti k/Amtiwit: khauer CiniCM MT errr if edihiurch NIU lAV HUtH HMWIHC EXPRESS MUM lUIU UM9W l»T BIEMEH EINCSS UMMUM MARU Mberg S tart P. MlH| D'nurk Brent At mm nim m n kt i act i w i ki i w a 11
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      1135 15 Mm TO M/CMTNKOT (fit S«D m Oct BENCRUACNAN 4/ Ta HI It* W»Ti LAERIES 11/14 Oct LTCAON 11/11 Nev 'Accept*! aad knatkoM cartel from n csMTinoT nr>i urn SailS. Eu DO*' Penanf P fcel#<* lipxi'i rWi II Set le«ees. Oi.Wo. Umluoam Hull. JeCdah 12 Nee Jeddak. Leiiees. leddah Aoato. Port
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      947 15 HMIHI CAM ICM lAY cm m mw KUi UT nwm BEN LINE HE* m* i Htuac rwurtii ran «m ttmm .pp-i r bIM 1 V. Ctr*aay'Aflh4 fraaca Ml U L i ScantfiaaiiaAatairp MM »ta«i MTteT« maw i »ct s tot w »kt »m i«" w 11 Oct 11 Get: I
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      840 15 Scan Dutch V ESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA l«4r' tram P Vessel IKtMM ntMKCt (lilHli FIAMESCA tIEtINU M/ Ml HUT 1/11 SE LAMIA 14. It Ml MM 21/11 Ml MiIMA 21/11 II mui Metilns ?1 DOM H H6uf| 4) Ctwri IT 11 22 It 24 "1
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      670 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. IMB FNLII AFRICA MM (Mailt,ti«S, Reunion. Beira. Dii'bjn. I 1., pt. rm.-Mwii nwnur 10/11 act s »or» 11/11 oct p u«t 11 11 act mm casi 1 «n» »mie* m iuuk. hmu RIM«~ STOW fenang P. Kelacg 11/11 Oct Sh i HI Oct
      670 words
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      788 16 dßLtti m; ■K! to buropb S'flara P. Kelmg I-Havre H'bgrf Bremen. Rda» A'vwrp I RR2E 10W 21 Seat SMt II let 7t let 21 Oct 22 Oct 24 let PEAR 11* 5 let 7 Oct 25 let 27 tet 21 Oct 29 Jet 31 Oct lIV 1) let IS let
      788 words
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      951 16 M S.A./EAST CANAIA SERVICE ACCEPTING FCL/LCI CONTAINERS FROM KM*. P. KEUW. S'PMC LNllf tar NEW TOCR. CAMREN NORfOLA Prnanß Belava* P Arlanf Singapore 'VISNVA VIARAM (NRSA Nil »H sept 1 Bet 1/ 5 Oct E.C./GREAT LAIES SERVICE immi fw: MCfout. an ma. —Im immio. rnwrmu. mmy. mm >m«| Mum P.
      951 words
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      887 16 liar T»] NEPTUNE ORIENT LINES LTD -FULLY CONTAINERISED SERVICES: mm (*u vkl' S port P Kttof ST>aa«tae Ore* lIIEI OMEJ 10 Sept »stft II Oct 70 Oct J1 Jet HUE PEAIL 5 Oct ?kt aw II w aw A TOR II Oct IS let II Oct 4Mm Nat ITU CNIEF
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      424 16 mi+Y&AN *Tf*HATtn»AL SHIPPING CORPORATION BCPHAD EXPRESS FULLY CONTAINERISED SERVICE EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT l| Man, Veo'f P Kelani Penant Uadiat hr> •T( 21/ i Oct II IMt 4/ 5 Bet 1/ I Be« Bionj 74/10 Cdtflpcoi 30 10. Hftuff 5/11. *«an> 1/11. Awrp 11 11, 1(0 12,11 Kvn 14/11
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      787 16 INTRASEA (PTE) LTD. Housr i-Jt: o<ch,vd Rcmcl S<" Telephone *****^7 Tt lUIUI IMCPENOCNT SEMI/FOU. CONTAINER SERVICE II EOtOPI iwi f. Kelanf PrHMt NOROETN ««1l S Oct MtOITIME ALLIANCE Nit Oct S Oct mrasia ww Oct to act n Oct NORASIA mil I Hi S'*iM>»to<i/MtruiWti r R'tWHtarf. t a«w M t»f|
      787 words