The Business Times, 5 May 1978

Microfilm: NL9690
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, MAY 5, 1978 50CENTS
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  • BRIEFLY...
    • Article
      Lock icon KL yen credit
      76 1 AP tfUALA LUMPUR, Thurs. Malaysia and Japan soon will sign the fourth yen credit amounting to US$B7.5 million (Ss2ol million) to finance development projects under the Third Malaysia Plan, Prime Minister Hussein Onn said today. The fifth yen credit of about the same amount will be negotiated
      AP  -  76 words
    • Article
      Lock icon Sign it, says Carter
      85 1 Reuter TOKYO, Thurs. President Carter told Prime Minister Fukuda In Washington that the United States wants Japan to conclude a peace and friendship, treaty with China, the Foreign Ministry's'chief spokesman said here today. Mr. Fukuda said last March that he planned to resume stalled treaty negotiations
      Reuter  -  85 words
    • Article
      Lock icon Health aid
      67 1 AP BANGKOK, Thurs. The United States and Thailand signed an agreement today under which the US will provide a US$5.5 million (5512.65 million) long-term, low-Interest loan to lmjprove health care In the countryside. The rural health programme Is Intended to Increase health care services In 20 selected rural
      AP  -  67 words
    • Article
      Lock icon Brezhnev in Bonn
      56 1 AP BONN, Thurs. Soviet President Leonid Brezhnev arrived In Bonn today for talks to expand economic relations between the Soviet Union and West Germany. The 71-year-old Soviet leader appeared healthy as he walked slowly down the steps from his special Jet. It was his first visit to
      AP  -  56 words
    • Article
      Lock icon Arms limit
      64 1 Reuter NEW YORK, Thurs. The United States has tentatively decided to accept a Soviet proposal that would limit each side to 2,250 long-range missiles and bombers until 1986, equalising for the first time the size of strategic arsenals, the New York Times said today. The tentative agreement Was
      Reuter  -  64 words
    • Article
      Lock icon Siberia gas project
      84 1 AP TOKYO, Thurs. Japan, the Soviet Union and the United States are to meet In Tokyo from May 24 to 27 to complete plans for a US$4.l billion (559.4 billion) East Siberia natural gas development project, a Japanese spokesman today. The project calls for Japan and the
      AP  -  84 words
    • Article
      Lock icon ' Vital,' says Mondale
      54 1 Vital,' says Mondale UPI BANGKOK, Thurs. For the first time in three years, Vice President Walter Mondale today stated American Interest in South-east Asian defence in a single word: "vital". Mr. Mondale used the word minutes after stepping from Air Force Two on a flight from Manila for a 24-hour
      UPI  -  54 words
    • Article
      Lock icon Dow Jones
      70 1 UPI NEW YORK, Thurs. Stocks plunged early today In reaction to huge rise In wholesale prices that spells trouble for the economy. Trading was heavy. The Dow Jones Industrial average, which skidded 11.35 points yesterday, was off 10.73 points to 818.08 around 11 a.m. It has fallen 15
      UPI  -  70 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      135 1 Rises Most octive Ayer Hitam Tin George Kent B Ray a CftC Mefa Chem TganuDet Pan Electric SEAL Leonf Huat Wearnea Sime Darby Falls M Tobacco FWlia Plant C K Tang C Sugars Taaek Cement Kenyan M Banking M Flour 900 186 175 352 177 165 185
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    • Article, Illustration
      In Kuala Lumpur
      165 1 m r Rises Most octiv e Malayan Tin 10.00 .50 United Plant 1,010,000 Raya 1.79 .18 Mega Chem 520,000 T'gganuDev 1.68 +.10 B. Raya T'ganu Dev 512,000 Mesa Chem. M Tobacco 1.79 e.7o .10 +.10 387.000 C and C 3.58 .08 Total Turnover: 6.48 m Cons Plant
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  • Article, Illustration
    Coming up— $40m Philips plant
    724 1  -  TV SETS IN KIT FORM By RONNIE LIM PHILIPS is to build a $40 million plant In Singapore, Its sixth, to manufacture both colour and monochrome television sets in kit-form for assembly overseas. The new plant in Toa Payoh will produce a few hundred thousand
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  • Article
    GOLD FIRMS IN HK ON IMF RESULTS
    261 1 THE IMF sold 524,800 ounces of gold at its monthly auction for an arverage price of U*****.40 (SS3B2) an ounce. Prices on successful bids ranged from $170.11 an ounce to $171.50. The IMF said it received enough bids to have sold 3.1 million
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  • Article
    Moves to push Asean free trade zone
    805 1  -  •y COLIN CHEE ASEAN economic ministers are tentatively scheduled to meet in Jakarta next month to study and discuss forms of expanded economic cooperation among members. Proposals covering the association's common market, free trade, and the preferential trade arrangement (PTA) will be on
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  • Article
    Production date
    90 1 THE PHILIPPINES will start producing oil commercially in the second quarter of 1979 following the Installation next April of US$42 million (Ss97 million) production platform. Mr. Jose de Venecia, president of the Philippine Petroleum Association, said yesterday the platform, to be owned Jointly by a group of Filipino
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  • Article
    Malaysia taps domestic market for M$650m
    325 1 THE Malaysian government has announced its first loan issue for this year of Ms6so million. For the whole of this year, its budgeted expenditures on development call for a borrowing of $2 billion from domestic sources, which is slightly leas than the $2.06 billion
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  • Article
    Japan pips US as our top partner
    352 1  -  •y TERESA LIM JAPAN emerged as our top trading partner In the first quarter of this year, unseating the United States. Total first quarter trade with Japan amounted to $1.9 billion. The trade, however, was heavily In Japan's favour with exports to Singapore
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  • Article
    Lock icon Japanese lines may import 40 ships
    198 1 Reuter JAPANESE shipping lines may import about 40 ships worth an estimated US$BOO million (551.84 billion) under the Emergency Import Programme adopted by the government last month to cut Japan's trade surplus. The Japan Shipowners Association said the programme would enable the government to
    Reuter  -  198 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      25 1 SAFE WITH AN ITOKI SAFE BUSINESS MACHINES SVSTBW (S) PTE. ITO 47 Pod.um Block Goid«.ll Pi«» M«rton "o«J Singapore H T#l *****94/6 C«t»« BUSNESTEMS Sngapoft
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    • Advertisement
      Page 1 Advertisements Column 2
      206 1 Your link to world markets When the world is your market you'll need a bank with international capability and service to handle your dealings efficiently and with a minimum of fuss. Whatever your requirements and wherever your business take you, we've got the right connections for you. Whether you need
      206 words
    • Advertisement
      Page 1 Advertisements Column 3
      78 1 See Paget 6 and 12 SHIPPING TIMES ELECTRONICS industry faffing ahead 2 PEOPLE in business 2 HOPES rise for rig builders 5 RENEWED oil hunt in AsiaPacific region 6 FORUM with John Dryadale PRELUDE to a national chamber of commerce JARDINES to tell Khinco BARING Sanwa's first payout PAHANG Cons
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    • Advertisement
      Page 1 Advertisements Column 4
      334 1 x Pnnttaf/Wiptoy ">. That FMs hi Ymt Hand ILiva Guthrie Trading Tel: *****5 I *****5 SEE BACK PAGE v Wayfoong MAF A lendhig hand when you need it most. "The only thing thatfc stopping me from expanding is capitaF Tan Chuan Eng, Managing Director "Whad stopping him from calling us
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  • TRADE AND INDUSTRY
    • Article
      Electronics sector confident
      422 2  -  PRODUCT DIVERSIFICATION By RONNIE LIM SINGAPORE'S electronics Industry Is confident of making further Inroads into product diversification and vertical Integration, two areas which have been lagging. The Association of Electronic Industries In Singapore (AEIS) said that with the current flow of foreign investments Into the Industry and
      422 words
    • Article
      JOINT COMPUTER CENTRE
      372 2 FOUR local banks have set up a computer centre to service their 42 branch offices In Singapore. The Jointventure company. Associated Data Processing Pte Ltd, has a paid-up capital of $1 million. The four are Asia Commercial Banking Corporation (ACBC), Far Eastern Bank (FEB), Industrial and Commercial
      372 words
    • Article
      Lock icon Thais set to boost trade with Koreans
      233 2 AFP THAILAND is ready to make an all-out effort to promote trade and investment projects with South Korea. Mr. Nam Phoonwathu, Minister of Commerce, made this statement at the close of the third ThailandKorea trade ministers' meeting in Bangkok. The Thai-Korean balance of
      AFP  -  233 words
    • Article
      Lock icon Import labour call by Hongkong firms
      691 2 AFP Reuter HONGKONG'S manufacturing industries are plagued by a labour shortage which has sparked a call to government by the garment and textile sectors to allow the Import of overseas workers. The problem of insufficient workers is being particularly felt at this time as
      AFP; Reuter  -  691 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      172 2 AS PART of the transfer of the Slme Darby Group's head office to Malaysia, a number of senior executives have transferred their offices from Singapore to Kuala Lumpur. They Include: Messrs A. J. Sumner, group director of corporate affairs; A. W. Morgan, group personnel director; P. W.
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    • Article
      Accord to replace Manila textile pact
      142 2 THE UNITED States and the Philippines have agreed to negotiate a new textile agreement to replace the present one expiring this year, President Marcos said on Wednesday. Mr. Marcos made the dls-„ closure during the visit of US Vice-President Walter Mondale with whom he
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    • Article
      SEMINAR ON BEHAVIOUR
      81 2 DR. JOHN Hunt, professor of organisational behaviour at MacQuarie University, Australia and visiting professor at the London Business School, is in Singapore to conduct a seminar on organisational behaviour. Dr. Hunt a leading Australian expert on this topic, has been engaged In the planning and designing of
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    • Article
      Lock icon Building boom now on at Labuan
      351 2 Borneo Bulletin WITH the tempo of business activity Increasing on Labuan. a variety or building projects is either underway or being planned to meet the expansion. Heading the list is the port area whose development has virtually stagnated In the past 20 years except
      Borneo Bulletin  -  351 words
    • Article
      Lock icon Keidanren team to visits Hanoi
      155 2 AFP JAPAN'S biggest business group, "Keidanren", will send Its first economic omission to Hanoi on May 19 in a bid to expand bilateral trade between the two countries. The delegation, to be led by former president of the giant trading firm Mitsui and Co.. of
      AFP  -  155 words
    • Article
      Lock icon Pohang gets loans
      326 2 Reuter THE SOUTH Korean government on Wednesday allowea the state-run Pohang Iron and Steel Mill to induce loans totalling nearly US$3OO million (SS69O million) to help finance its expansion. The mill will Increase Its crude capacity of 2.6 mlUlon tonnes to 5.5 million tonnes by the end
      Reuter  -  326 words
    • Article
      MEMO PAD
      266 2 DATE TITLE VENUE ORGANISER COURSE AND TALKS April 24May 13 Middle Management Course SITC SITC May 6,13 and 20 The Effective Secretary SIM SIM May 8-9 Finance for NonFinancial Managers Hilton Price Waterhouse May 8-9 Essential Management Skills Hilton Consulasla May 8-9 Analytical Marketing Management SIM SIM May
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      458 2 mflLRKOff BERHAD PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1977 The operating results for the year ended 31st December 1977, subject to completion of audit and compared with the previous year are: NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the THIRD ANNUAL GENERAL MEETING
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  • OVERSEAS
    • Article
      Lock icon US exports to China to double
      542 3 AFP Reuter US EXPORTS to China should double this year and reach at least US$35O rillllion (SsBos million), compared with $171 million last year. The National Council for Chlna-US Trade, a private organisation, said that American sales would be swollen above all bv Chinese
      AFP; Reuter  -  542 words
    • Article
      Lock icon Canada won't impose exchange controls
      303 3 Reuter CANADA does not intend to impose foreign exchange controls. Finance Minister Jean Chretien told Parliament that if Canada wanted other capital to flow into the country it had to have a society which encouraged the free flow of capital. Opposition members demanded that the
      Reuter  -  303 words
    • Article
      Lock icon Move for reform of accounting profession in US
      426 3 NYT THE US congressional push for reform of the accounting profession, which ha,d appeared to wither after the death last winter of Senator Lee Me teal f Is now reviving. The inquiry into the conduct and performance of the accounting profession has
      NYT  -  426 words
    • Article, Illustration
      Lock icon Food shortages still haunt Third World
      383 3 AP TWENTY-six developing countries most of them in Africa and South-east Asia with a total population of 230 million are suffering ••abnormal" food shortages. The situation was described as particularly serious in Laos and Vietnam. the Sahel region of Africa. Mozambique and Ethiopia. In
      AP  -  383 words
    • Article
      New York City loan plan approved
      196 3 THE US House Banking Committee approved a Bin which would provide up to US$2 billion (554.6 billion) in loan guarantees to New York Cltv after the present financial assistance plan expires In next month. Meanwhile, the Municipal Assistance Corp (MAC) is discussing with the
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    • WORLD IN BRIEF
      • Article
        Lock icon ITALY HOPES FOR LOAN
        519 3 Agencies ITALY is hoping to obtain about US$2.5 billion (555.75 billion) in loans from the IMF and the EEC when negotiations start in midJune. This would cover approximately half of the $5 billion Italy has to repay on maturing loans by the end of next year,
        Agencies  -  519 words
    • Article
      Lock icon GM and Ford set home sales record
      901 3 IMPORTED CARS DOWN Agencies SALES OF domestically manufactured cars in the United States surged 8.2 per cent in April at the expense of imported vehicles. According to the nation's major <jar manufacturers, General Motors and Ford Motors both set sales record last month.
      Agencies  -  901 words
    • Article, Illustration
      Lock icon BUY BRITISH
      241 3 Reuter A "Buy British" campaign to hold down foreign imports Is being considered by the UK government. Trade Secretary Edmund Dell suggested the campaign to trade union and industry leaders at a meeting of the National Economic Development Council (NEDC). The foreign share of Britain's home market In
      Reuter  -  241 words
    • Article
      Lock icon Flaws in enlarged Float proposals
      209 3 Reuter PROPOSALS for an enlarged EEC monetary stability area can reduce uncertainties within the Common Market, but they cannot lead to a return to sustained industrial growth, chairman of the Italian Industry Federation (Confindustria) Ouido Carli said. The proposals put forward at the April EEC
      Reuter  -  209 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      75 3 The English Dictionary makes an ideal spokesman for Marelli shoes luxurious lag/hureas at!) 1 very comfortable 2 choice anil costly 3 self indulgent: clothes tootwear etc. elegant eligant adj showing, having, good taste: done with <■ are. skill and taste. classic U.t sik «>d| 1o! highest quality, having a value
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      637 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 The last thing a nonswimmer may do! (5) Children of troubled times (S) 10 The custom of a sailor getting knocked out (5) 11 uo to one part of India (3) 12 Beard matted dally (5) 13 Adequate time for a greeting (4, 3)
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      554 4 OPENING prices yesterday were marked up fractionally in the Singapore rubber market following higher London advices. Thereafter, the market fluctuated narrowly in quiet trading. May demand and some forward activity was noted, dealers said. Towards the morning close the market steadied on better buying interest and
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    • Article
      RAS PRICES
      371 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int 1 R S.S May Int 1 R S.S. June Int 2 R.S.S UK/Cont Int 3R S S UK/Cont Int 4 R.S.S. UK Cont Int 5 R.S.S UK/Cont Buyers 208 25
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    • Article
      SSR AND SMR
      114 4 NOON SSR and SMR prices yesterday: RAM May (Current Mth) Buyer* Sellers (cent* per kg) June (Forward Mtb) Buyer* Seller* (cent* per kt) SSR 20 SSR 50 M.R.E.L.B. (1-ton pallet) (1 -ton pallet) 199 00 197.00 201 00N 199 00N 200 00 198 00 202 OON 200
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    • Article
      Palm oil
      81 4 C I F North European ports, tn US dollars per ton unless otherwise stated LONDON: Wednesday Previous Malaysia 5% ffa bulk per tonne June 570 sir 595 sir Sumatra 5% f/a bulk May 630 sir 635 sir June 597 50 sir 615 sir Jiy 575 sir 600 sir
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    • Article
      Closing prices
      31 4 Rubber. May 4 Singapore: May Z10.25 cents (up two cent*) Malaysia: May 215.25 cents (up two cents) I in: 11.598 (up <2) Official offering: 245 tonnes (up 22 tonnes)
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    • Article
      Hongkong comex
      178 4 THE SUGAR futures market eased U50.05 to 0.15 cents in continued dull trading on turnover of four lots. The Hongkong daily spot sugar price was unchanged at 7.40 cents while net open positions totalled 32 lots after Wednesday's trading. Market sentiment was bearish due to overseas markets' performance,
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    • Article
      SPOT PRICES
      197 4 YARN and cotton in Hongkong dollars, spot ex-godown Cotton Yarn: China Blue Phoenix 20s 1.760, 32s 2.080 40s 2.200 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. FlyingOeese unq. (per piece 36 inches
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    • Article
      Duty rates
      69 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from yesterday until further notice: Rubber:2o7*i cents per kilo Copra: MS9I3 53 a ton. Palm Kernel: M 5239 03 a ton. The rates of duties payable are Rubber 36 cents per kilo (research cess one cent
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    • Article
      Produce exchange
      337 4 PEPPER prices continued to slide while the other commodities held their own on the Singapore produce market yesterday. Copra and coconut oil trading was thin with small sales made on local consumer account. Inquiries were received from traders from the Indian subcontinent but no sales were made. In
      337 words
    • Article
      Coffee
      462 4 ROBUSTA coffee yesterday morning opened quiet til per tonne higher to unchanged on Wednesday's close in sales of 28 lots in LONDON. In dull trading reflecting the Ascension Day holiday in Europe and Wednesday's New York steady close, spot May gained fll at a mid price of 11,528. having
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    • Article
      Sugar
      241 4 TERMINAL sugar yesterday opened 11.15 to 11.65 in the morning below Wednesday's closing levels in a turnover of 712 lots including one option in LONDON. Dealers said the opening was quiet, reflecting lack of news and the Ascension Day holiday on the continent. Prices were lower following Wednesday night's
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    • Article
      Rice
      207 4 BANGKOK rice prices yesterday were unchanged from Wednesday's. (US dollars per tonne FOB basis Bangkok). White Rice: 100 pet Ist class 422 100 pet 2nd class 427 100 pet 3rd class 422 tfic 1 < 13 10 pet 400, 15 pet 392, 20 pet 387 25 pet ill. 35
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    • Article
      Soybean
      257 4 FOR THE second consecutive day, soybean futures In CHICAGO failed in a rally attempt and lost ground late In the session to close lower on Wednesday in nearby months. At the close, old crop prices were down jto cents a bushel while new crop months were up 1'/»to 6-'/«
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    • Article
      Wheat
      169 4 WHEAT futures on Wednesday closed US2 to 1/4 cents a bushel lower in Chicago, but ended the session near the day's highs. The market retreated at the opening on local and commission house selling and lost as much as five cents before firming when selling pressure diminished and soybean
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    • Article
      Straits tin
      200 4 THE Straits tin price in Penang yesterday was up Ms 2 to $1,598 on an official offering up 22 tonnes to 245 tonnes. In LONDON yesterday, tin finished with losses of 140 for cash and £23 for three months in both contracts. Despite steadiness In the East, prices
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    • Article
      Cocoa
      327 4 TERMINAL cocoa yesterday morning held reasonably steady in quiet Initial trading in LONDON to close the call t'ls higher to unchanged. Dealers said some trade support was seen although the market was generally mixed and lacking fresh incentives. Traders said origins continued to adopt a reserved policy. Ghana was
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    • Article
      Silver
      274 4 SILVER yesterday morning gained 0.3 to 0.7 pence in LONDON. Dealers attributed the steadiness to the firmness in gold. But buying interest was limited with carries boosting turnover to 39 lots. On Wednesday afternoon. silver on the LME rose by 4.1 to 4.3 pence per troy ounce. The advance
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    • Article
      Gold
      459 4 FOLLOWING Wednesday night's option, the kllobar in Singapore yesterday opened at 5513,036. 1150 higher from the previous close. Short-covering in the market pushed prices further to a high of $13,054. The market closed at $13,043. In the London market the metal opened at U*****.60/ 173 and closed at $172.90/
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    • Article
      Lead
      60 4 LEAD yesterday finished showing losses of £3.25 for cash and C 2 for three months in LONDON. The market was generally featureless and prices fluctuated narrowly as light liquidation encountered short-covering support. Three months closed the ring trading at £311.50 per tonne. Turnover was 2,150 tonhes. On Wednesday afternoon,
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        426 4 THE FOREIGN exchange market remained quiet yesterday, ahead of the holiday in Tokyo today. The US dollar saw little movement against other currencies. Opening against the yen at 225.70/80. the US dollar moved within a 10-polnt margin before settling at Its opening level. The US dollar rose slightly
        426 words
      • Article
        Asian $ and CD rates
        249 4 Asian and CD rates currency deposit interbank rates as at close on May 4 (JS Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths ...71/2 ...79/16 .55/8 ...7 3/4 ...8 .8 .8 3/16 7 3/8 77/16 f 1/2 7 5/8 7
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        New York
        221 4 THE US dollar closed slightly weaker In NEW YORK against major currencies in thin, quiet trading on Wednesday. Operators primarily sought to even up positions ahead of the Ascension Day holiday. Most European markets were closed for the day. There was fairly large movement In rates, but little
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      • Article
        Australia/NZ
        58 4 AUSTRALIA/NZ exchanges quoted on May 4. AUSTRALIA US dollar 1 I3M/1 12M Sterling 0 6216/0.6145 Ninety-day air mall buying rates. Sterling 0 6464 US dollar* 1 1034 Ninety-day forward rate*: Sterling 0 6188 US dollars 1129# NEW ZEALAND: Sterling 0 5551/0 5621 US dollar 1 0155/1 0055 Ninety-day airmail
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      • Article
        London
        135 4 THE US DOLLAR yesterday rallied slightly from Initial quotes, but remained below overnight levels In verv quiet opening business, reflecting European market holidays. The US unit was depressed in New York on Wednesday, by a call from Kuwaiti Oil Minister All Kallfa Al-Sabah for higher oil prices to offset
        135 words
      • Article
        Tokyo
        174 4 THE US dollar for overnight delivery yesterday closed at 225.75 yen. down from a 226.00 opening, but up from 225.50 at Tuesday's close. Trading was moderate with volume $378 million. The dollar fluctuated narrowly in light late trading following an initial advance on a high level of commercial demand
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        Hongkong
        130 4 THE US dollar was little changed in quiet trading yesterday, ahead of Ascension Day closures In Europe. Against sterling, the US unit was quoted at 1.8275/90 compared with Wednesday night's 1.8245/65 and New York closing 1.8283/93. It was slightly easier against yen at 225.65/75 from Wednesday's 226.30/60 and New
        130 words
      • Article
        Eurobonds
        291 4 STRAIGHT LONDON Eurobonds yesterday were largely untested in slack conditions with trading dampened by the Ascension Day holiday in many European centres. US straights were a fraction easier in places, but trading was sluggish, dealers said. Elsewhere, prices were basically unchanged. In convertibles, most issues were steady, but US
        291 words
      • Article
        Euro $ rates
        105 4 Euro rates THE Ascension Day holiday made for a very quiet opening yesterday, in Eurodollar deposits In LONDON. Shorts opened steady around Wednesday's closing levels, but the overnight rate eased to 21 per cent, having opened at 21 in reaction to some offerings. Fixed dates were adjusted higher for the
        105 words
      • Article
        Zurich
        54 4 ZURICH exchanges closing quotes on May 3. U8 1 9650-9675 Stf 3 5851-5907 Can 1 7414-7442 Dfnk 94 4394-6277 DTI 88 4338-5862 Ffr 42 5325-6377 Bfr 6 0704-0818 Dkr 34 SM1-8M3 Mkr 36 3216-3813 Skr 42 4544-5222 Lit 0 22A4-2MS A U1 «ch *****83-1517 Port 4 6421-8845 Spmln 2
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    • Article
      Copper
      447 4 COPPER wlrebars In LONDON yesterday finished the morning showing gains of £2 for cash and £1.50 for three months. The relatively steady tone at New York prompted smallscale covering on the pre-market although bouts of profit-taking had a restraining influence, dealers said. Moderate covering emerged in the ring and
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    • Article
      Zinc
      101 4 ZINC yesterday finished the morning with all round losses of £2 per tonne in LONDON. This metal also traded within a narrow range in the absence of fresh incentives either way, traders said. Three months closed the ring trading at £310 after sales of 1,775 tonnes which were boosted
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      120 4 For a Successful BANKING Career "LIT PI AII r fcRA MA scri NEI ||j study with WdseyHall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma
      120 words
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  • TRANSPORT
    • Article, Illustration
      Fortunes of local rig builders turning for the better
      505 5  -  By CHAN BONG SOO RIG BUILDERS in Singapore are generally looking to the future with more confidence as there are already signs that the slump experienced in the last three years is bottoming out. Orders for rigs are picking up, all
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    • Article
      SHIPPING CARTEL FOR ASEAN?
      133 5 SHIPPING lines in Asean countries are expected to set up an Asean shipping conference to cater basically for the needs of the region. A spokesman of the Malaysian National Shippers Council said in Kuala Lumpur that the formation of such a shipping conference, which would be
      133 words
    • Article
      Lock icon LONDON FREIGHT
      106 5 UPI CHARTERING appeared sluggish but a good deal of business was believed to be taking place behind the scenes. Hence, the recently improved rate tone was maintained. South African maize shippers conceded the firm figure of U5513.75 (2,500 tons discharge free) to the Assomatos for a 14,000-ton May
      UPI  -  106 words
    • Article
      Lock icon Taiwan lifts ban
      95 5 Reuter TAIWAN has lifted a ban on foreign ships loading local products bound for Red Sea and Persian Gulf ports, the Ministry of Communications said. The ministry last month barred foreign shipping companies from carrying cargo from Taiwan to West Asia. Under these regulations, only members of
      Reuter  -  95 words
    • Article, Illustration
      SHIPS IN PORT
      457 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Ayuthia (0600 after Kristin Bakke) 10/11 Chosei Maru (1300 48 Fernandoeverett (2200 after Hrvatska) 31/32 Fourcroy (1500 24 King River (0600) 23 Pha Shwe Oyaw Ywa (0600 after Manoloeverett) 40/41 Vlshva Abha (0600 after General Bocharov) 13/14 Yuheng (after Bencruachan) 33/34 PASIR
      457 words
    • Article
      Lock icon Pan Am facing violation of rules probe
      753 5 Washington Star PAN AMERICAN World Airways, in a headlong race to win lucractive domestic airline routes, may have violated Civil Aeronautics Board (CAB) rules against improper communications with CAB members. The question of whether Pan Am representatives had improperly communicated with board members
      Washington Star  -  753 words
    • Article
      Lock icon Narita well fortified for the next onslaught
      589 5 Observer TO STAVE off another debacle over this month's attempted opening of Tokyo's new International airport, the Japanese government has spent US$l5 million (SS34 5 million) to try to turn it Into an Impregnable fortress. Massive police mobilisation has been ordered too. But
      Observer  -  589 words
    • Article
      Lock icon British order books slim down
      203 5 AFP BRITISH shipbuilding yards' order books "slimmed" by 426.547 grt In the year ended March, compared with the previous year. Orders totalled 1.46 million grt (130 merchant ships) and were worth £814 million (553.4 billion), British Shipbuilders said. Of the vessels, 59 733.208 grt) were
      AFP  -  203 words
    • Article
      Offshore division to boost ABS ops
      116 5 THE American Bureau of Shipping (ABS) has reorganised its operations and has set up an ocean «nglneering division. The reorganisation is partly the result of the expansion of ABS activities in connection with offshore mobile drilling units, fixed platforms, offshore power plants, underwater vehicles
      116 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      749 5 ARRIVALS Service Local Operator Number Time From CAL CI331 0400 TPE/HKG/KUL KAL KE807 0500 SEL PAA PA005 0115 SFO/HKG MAS MH601 0700 KUL SIA SQ101 0815 KUL MAS MH682 0725 KCH MAS MH21 0840 PEN MAS MH607 0845 KUL MAS MH071 0945 PEN/KUL CPA CX710 1005 HLP
      749 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      158 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations Don't let the language barrier stop you from wider contacts •m-0 <01 I 1 K a v f I i m. I o b S*** G o 4 tt^ e \N \e** r
      158 words
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  • Article
    Real sacrifice is needed
    655 6 ASEAN has been working bravely at trade expansion schemes since the Ball Summit In 1976, despite the often severe criticism that has been flying about freely. Some of this criticism quite unfairly chastises the Asean nations for not having achieved very much so far, little realising
    655 words
  • Article, Illustration
    Renewed oil search lifts Singapore's hope
    1749 6  -  By Our Correspondent NOT even a cock-eyed optimist would expect offshore exploration activities in the Asia-Pacific region to return to the boom level of 1973 and 1974. But there Is now room for cautious optimism since the recent renegotiation of oil exploration contracts in
    1,749 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      586 6 m P ■a J 1 Vi r t a P r r Tl 585 Orchard Bod, S'pore t. Tel: $***** Sze Chuan Room A TREAT OF SZE CHUAN FOOD AT THE SZE CHUAN ROOM Is a heavenly delight prepared with care In the meticulous tradition of Sze Chuan Cuisine. You'll
      586 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      66 6 y WE A THER outlook for Singapore from 6 a.m. to noon today: Isolated showers around mid-day. Report for 24 hours prior to 7.30 p.m. on May 4 at the airport. Maximum Temperature 32.5° C Associated Humidity 61 Minimum Temperature 24.6° C Associated Humidity 100 Hours of Sunshine 5.95 Rainfall
      66 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      246 6 SINGAPORE 5 3.00 PM Opening announcements 6.55 Classic Keystone Comedy Capers followed by Housewives' Matinee 7.10 In Search Of Atlantis 0 Tell Me Why a Mandarin film 7.3Q News and Newsreel in Malay 0 (Repeat) 7.55 Sports Parade 4.40 Intermission 8.40 The Undersea World of Jacques 6.05 Opening announcements followed
      246 words
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  • Article, Illustration
    The prelude to a national chamber of commerce?
    1525 7  -  THE Federation of Chambers of Commerce and Industry is officially inaugurated today. This crowns the efforts made by its five memberbodies which, for the last two years, have worked together informally as the Joint Standing Committee of Chambers of Commerce and Industry.
    1,525 words
  • Article
    STRAWS IN THE WIND
    486 7 I CAME across the most peculiar sign on a restaurant table at the Tanglln Club this week and paused In bafflement for quite a while before realising what It meant "Food for this table is under preparation," it said. Why didn't they Just say "Reserved" like
    486 words
  • Article
    The art of selling old wine in new bottles
    909 7  -  FORUM, r—...on marketing ■y JOHN DRYSDALE Mr Drysdale is a director at Asia Research Pte Ltd NEVER having been an adman, I was fascinated In a depressed sort of way, to read in The Sunday Times (London) the other day of
    909 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      275 7 ss TODAY .OKOH Lunch N P M 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg., Raffles Quay. Tel: *****81 KATSURA Orchid Inn, Dunearn Rd Tel. *****2 KING'S HOTEL Havelock Road, Singapore 3 Td: *****1 LADYHILL HOTEL 1 Lady hill
      275 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      49 7 Bristow Lb. Ftaxi m 57 KBIL GO'SLOUJ..., TMOOSPHDS OF Rt4&fcv coovnoTeßs Riot TRW»JS OV€J2TURM€_D. STftTiONS D€STRon/££> GUTS. O rps SToRm SnaefcT. miNisreß fro TM€- HtLLS.. y CWP\RLES PINO RNfle I G»PVNDCM»LO»?eri OF' Stft WEjG»T4P»LC> CHtSn=J2 PcPRV, ceuEßßprre fv\e»R Tmeo &&viofw ujeEx y BBSBgCE >»Tv 4 PicTotfesJ I euse r
      49 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Early gains lost
      641 8 TOKYO Source: Daiwa Securities FAVOURED by news that the Japan-US top-level conference Is progressing smoothly, the Nikkei Dow Jones average rose yesterday morning, but lost nearly all of the gain at the close. Large-capital stocks, a limited number of blue chips and some speculative Issues edged up
      Source: Daiwa Securities  -  641 words
    • Article
      Lock icon Hongkong
      381 8 Source: Sun Hung Kai EARLY trading yesterday was almost Identical to Wednesday's with turnover even more subdued. Despite the bearish sentiment, offers that came Into the market were only small and the market's decline was caused more by defensive marking down of prices rather than heavy pressure. The market
      Source: Sun Hung Kai  -  381 words
    • Article
      Sydney
      310 8 PRICES yesterday generally eased, although Isolated issues were higher, dealers said. BHP fell 10 cents to $6.54, while In uraniums. Pancontinental fell 30 to $11.90 on pro-flt-taklng. AOC rose two to $1.65 on its profit rise and Bank of NSW gained two to $5.38, but the National Bank lost
      310 words
    • Article
      Manila
      131 8 THE market yesterday closed mixed with commercial and mining averages rising while oils fell, dealers said. Turnover rose slightly to 4.39 million pesos from Wednesday's 4.38 million. Slight Improvement In metal prices triggered the increase In mining issues, dealers said. MAY 04 Pesos Acoje Mining 009 +0 001 Atlas
      131 words
    • Article
      Bangkok
      132 8 MAY M Bahts Asia Fibre 244 -4 Bangkok Bank 375 unch Bangkok Invest. Bangkok-Metro-politan Bank Bata 720 unch Berll Jucker CarpetIntnl Charoong Thai Wire 270 -5 Dumex Duslt Thanl 323 -j Faber Merlin First Trust Genera Finance Indo-Thal Industrial Finance Corp 2425 -40 J And J Ho Jalaprathan Cement
      132 words
    • Article
      Paris market higher
      323 8 FA It"/'FASMA IiKI-riS b. A FRANKFURT share prices firmed slightly In quiet trading on Wednesday, dealers said. News of last month's fall In West Oerman unemployment helped to buoy shares, they said. Announcement of the KHD dividend came too late to affect the share price, which firmed
      323 words
    • Article
      Frankfurt
      212 8 MAY n Dm Aef-Telefunken 85 80 -0.2 Alt20 28 1.5 Ailz Leben 819 1 Allz Vers 488.50 +3.5 BASF 135 +0.7 Bay H T Wbank 278 1 Bay Vbank 293 Bayer 137.80 13 BBC 284 -0 5 BMW 220 70 -7.8 Outsell* 347 -3.5 Chem Verw 243 unch Commerzbank
      212 words
    • Article
      Paris
      272 8 MAY 03 Fts >/- CORBEILLE Alr-Liqulde 311 4-12 B S N Gervals Danone 477 1 C S F (ThomsonCsf) 243.50 >8.6 Cle Francalse des Petroles 128 30 >0.8 Compegnle Flnanclere Compagnle Generale 305 >4.8 Credit Fonder De France 320 -1 Hachetle (UOralrle) 170 -*6.5 Machines Bull 38 35 +0.35
      272 words
    • Article
      Toronto
      278 8 SHARE prices closed mixed on Wednesday In active trading, with the composite Index off a fraction and advances leading declines 258 to 174. The gold Index Jumped more than points on firmer bullion prices. Among companies reporting higher earnings. Giant Yellowknife mines gained 5/8 to 11-5/8, Algoma Steel 1/2
      278 words
    • Article
      Jo'burg
      372 8 GOLD shares eased slightly towards the close on Wednesday following reports of possible UN oil sanctions against South Africa while the IMF gold auction appeared to have been discounted, dealers said. Mining financial* were mixed In line with producers In dull trading. Charter gained 17 cents to 310 while
      372 words
    • Article
      Brussels
      96 8 MAY Fn 4-/-FORWARD MAR1 LCT Acec 280 unch Arbed 2340 ♦45 Astur 706 +2 B rase an 490 14 Bru-Lamb 1500 unch Canpac 520 -14 Cock 408 ♦4 Dr Beers 158 unch Ebes 2570 ♦60 Electrobel 8880 -80 Ob-Inrvo-Bm 2210 unch Oev 1428 14 Hobok 2330 -140 Petro 4235
      96 words
    • Article
      Amsterdam
      166 8 MAY FU ABN 340 50 -0.5 Ahold 99 30 0 3 Akzo 27 30 ♦0 9 AMEV 84 10 +0.1 Am fas 108 00 -1.5 Amrot Bank 75 00 ♦0.1 Bergoss Berk Bo Is 69 40 1.8 BorsumlJ Burhmann Byenkorf 87 60 ♦0 1 Calve Delft Dell MIJ 124
      166 words
    • Article
      Zurich
      178 8 MAY n Francs Actions SuUsea 263 unch AlusuisaeBr 1100 -10 Alusuisse Reg 503 -2 Brown Boveri Br. IMS -10 ClbaOelgy Br 1120 ♦s ClbaOelgy PC •*> unch Clba Oelgj Reg 615 Credit Suisse Br 2145 -S Credit Suisse Ret 408 -a Eleklrowatt Br. 1563B Oeorte Fischer Br #50 unch
      178 words
    • Article
      Milan
      103 8 MAY Lire Ante 91 SO •1 Assoc Oen ***** •140 Baatofl 409 -4 Central* 3427 -3 Flat 1900 -4 Flnslder 75 2S unch Qtn Immob 75 unch IF1 Pn 2071 -a Italcemenll ***** -u I taigas 820 -9.5 Italslder 137 •2 Magnet I MP1 44« unch Marelll Ere 232
      103 words
    • Article
      Lock icon BONDS AND LOANS Republic of Finland
      75 8 Reuter AMSTERDAM: The Republic of Finland 75 million guilder debenture Issue due 1979/88 will carry a 7.5 per cent coupon, with the price to be set next Wednesday, Joint syndicate leader Algemene Bank Nederland NV said. The debentures will be redeemed In 10-yearly equal
      Reuter  -  75 words
    • Article
      Lock icon Seiyu Stores
      60 8 Reuter TOKYO: Seiyu Stores Ltd plans to issue a 100 million mark convertible bond on the West German market, Nomura Securities Co Ltd said. A contracg with a syndicate led by Westdeutsche Landesbank and Nomura Europe NV Is expected to be signed In Dusseldorf next Tuesday, It said.
      Reuter  -  60 words
    • Article
      Selected Indices
      62 8 FINANCIAL TIMES INDUSTRIALS Wednesday ..471.0 Tuesday 400.0 Week A«o ..497.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 828.83 Tuesday 840.18 Week Ago .838.97 LONDON DOLLAR PREMIUM Wednesday 110 to 110* Tuesday llOfcto 110* HJL HANG 8EN( 1 Thursday .466.10 Wednesday 496.28 Week Aao 496.02 SYDNEY INDUSTRI ALB Thursday 418 06
      62 words
    • Article
      Second worst setback
      1137 8 NEW YORK THE STOCK market suffered 1U second worst setback this year, as widespread selling sent the Dow Jones Industrial average 'down more than 12 points on Wednesday. The pullback, attributed mostly to profit-taking, came as no surprise to analysts who had been expecting the market to
      1,137 words
    • Article
      Westdeutsche Bank hopeful
      317 8 WESTDEUTSCHE Landesbank Glrobentrale (West LB), West Germany's third largest bank, Is taking an optimistic view of 1978. Dr. Johannes Voelllng, the chief executive, said that operating profits should at least equal those of 1977 and could well overtake them. The bank, he said, was expecting a distinct
      317 words
    • Article
      Lock icon Earnings at Digital jump
      118 8 Reuter MAYNARD, Massachusetts: Digital Equipment Corporation, the leading US manufacturer of mini computers, has reported a 32 per cent Increase In profits and a 33 per cent gain In sales for the fiscal third quarter ended March 31. Profits and sales for the nine-month period climbed
      Reuter  -  118 words
    • Article
      CHICAGO BOARD OPTIONS
      1487 8 May 3 TRADING on the Chicago Board Options exchange totalled 158,438 contracts on Wednesday compared with 184,853 on Tuesday. OPTION JLY OCT JAN 8TOCK Alcoa 40 5 7/8 63/4 UNTRD 453/4 Alcoa 45 2 5/8 31/2 UNTRD 45 3/4 Alcoa SO 1 15/16 11/8 21/2 45 3/4
      1,487 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      160 8 7^ J sV.KW> u \K*'VV» n nv\ n« s <C 3 x «r V > r r- »•> M S \U<* This book comprises a mouthwatering selection of over 200 recipes for all the family. It is illustrated throughout in colour, with step by step photographs to guide you through
      160 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Coal expansion project by Mim
      291 9 ASIAN Reuter BRISBANE: Mlm Holdings Ltd said It will spend about AS 10 million on the first stage of an expansion of Its Collinsville coal operation to raise capacity for export. The first stage involves expansion of open-cut operations at Collinsville plus Installation of ancillary
      Reuter  -  291 words
    • Article
      Lock icon Goldman Sachs in Tokyo
      86 9 UPI GOLDMAN Sachs International, an American Investment and brokerage firm, has opened a new Tokyo office for stepping up Its business in Asian countries, the company said. The office, headed by William Brown, vice president and Far East representative, is more than twice the size of
      UPI  -  86 words
    • Article
      Lock icon Allied Mills profits up
      74 9 Reuter ALLIED Mills Ltd (Sydney) had an unaudited consolidated operating profit of A 52.65 million (2.47 million) for half-year ended February 28 on sales of 125.17 million (107.34 million). Profit is after tax of $896.00 (1.59 million), depreciation 2.51 million (2.15 million) and interest 1.96 million
      Reuter  -  74 words
    • Article
      Nissan's import subsidiary for car components
      235 9 NISSAN Motor Company, the second of Japan's big two car makers, has announced the establishment of a trading company subsidiary to handle Imports of car components. The new concern, Nissan Trading Company, will import car seat material from the British company Jersey Kapwood. It
      235 words
    • Article
      Lock icon HONDA IN AFRICA
      138 9 AFP HONDA, the Japanese car manufacturer, Is considering the possibility of setting up a production unit In South Africa, Informed sources In Johannesburg said. The company was said to want to go ahead despite the depressed state of the South African motor market. Several Japanese officials of
      AFP  -  138 words
    • Article
      Lock icon Higher court sets aside Kennecott's injunction
      570 9 NORTH AMERICAN NYT A FEDERAL Appeals Court in the US has upset a lower court ruling that would have prevented an insurgent group from attempting a takeover of the nation's largest copper producer. The move, made on Tuesday, thus cleared the way for the
      NYT  -  570 words
    • Article, Illustration
      Lock icon Lance drags BCCI into the limelight
      1021 9 EUROPEAN NYT LONDON: Until it retained Bert Lance as an adviser on possible United States investments, only a handful of Americans had ever heard of the six-year-old Bank of Credit and Commerce International (BCCI). But not any longer. Its adviser, President Carter's former budget
      NYT  -  1,021 words
    • Article
      MARSHALL CAVENDISH
      252 9 MARSHALL Cavendish, British book and magazine publishers, whose turnover rose from £12.85 million to £20 million, announced a pre-tax profit which rose from £2.M million to £2.06 million last year. After tax of £1.68 million (£1 49 million) and minority Interests of £20.000 (£16.000). attributable profit was £1.38
      252 words
    • Article
      Lock icon Takeover bid by Merrill Lynch under probe
      248 9 FT AN ANTI-TRUST investigation has been launched by the US Department of Justice into Merrill Lynch and Company's recent US$5O million purchase of White Weld and Co., the Wall Street broking and investment banking Arm. Having obtained clearance from the Federal Trade Commission,
      FT  -  248 words
    • Article
      Lock icon Reynolds Industries
      158 9 Reuter THE largest US cigarette manufacturer, Reynolds Industries Incorporated, has reported a 7.8 per cent profit rise on relatively flat sales in the first quarter of the year. The company, however, was cautious in Its outlook for the balance of 1978. Chairman Colin Stokes said that while first
      Reuter  -  158 words
    • Article
      Volkswagen is optimistic for current year
      531 9 VOLKSWAGEN, bolstered by a full order book, Is hoping that this year will equal 1977's excellent performance. But, although the tone of Its report Is optimistic, It Is as yet hard to determine the effect that last month's 5.9 per cent pay increase awarded
      531 words
    • Article
      Lock icon P & O Steam Navigation
      112 9 P O Steam Navigation Reuter PENINSULAR and Oriental Steam Navigation Co (London) ha* announced a pre-tax profit of £42.77 million (previous £31.12 million) in 1977. Gross revenue was £980.44 million (£740.45 million). Earnings per share was 20.5p (16.1p). Final dividend: 3.*****p malting 6.*****p (5.*****p) maximum permitted, payable July 3. The
      Reuter  -  112 words
    • Article
      Lock icon Ford and GM earnings down
      780 9 NYT BOTH Ford and General Motors, the two largest motor vehicle manufacturers in the US, have reported slightly lower earnings for the first quarter of 1978 and analysts are beginning to think that this may be the first evidence of a normal contraction in the
      NYT  -  780 words
    • Article
      Lock icon Results not indicative of profits says Inco
      379 9 Reuter TORONTO: Inco Ltd chairman Edwin Carter said that while the company's first-quarter results were favourable when compared with the fourth quarter of 1977, "they should not be considered as indicative of earnings over the balance of the year." The company reported a
      Reuter  -  379 words
    • Article
      Lock icon CAR PRICES RAISED US$100
      135 9 AFP GENERAL Motors, the Number One car manufacturer in the United States, announced suddenly this week that the prices of all Its models would be Increased by US$lOO with immediate effect. The new policy is likely to have a domino effect on the whole American motor
      AFP  -  135 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      177 9 Mathematics and Statistics 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 more
      177 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1701 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett 7 Big Board
      1,701 words
    • Article
      Corporate bonds
      235 10 Auatralian DBS 1/4% IM2 (100.000) (95'/«B 96*8) Australian D B 10% 1982 (100.000) (98*.8 99*8) B O T 8 1/2% 1981 (100,000) 100HS) > O T 7 VB% 1984 (100.000) (95H8 97%5) B O T Floating 1984 (100.000) (99H8 IOOV4S) C It oh 8 1/8% 1984 (100.000) (9658
      235 words
    • Article
      Government bonds
      153 10 Rep Spore D Mark 7% 1982 (100.000) (1028 103S) Rep Spore 1/2% 1983 (100.000) (101%8 102SS) Rep Spore 7 3/4% 1987 (100,000) (99'«8 100S) 5 1/4% 15/10/79 (250,000) (101 558 101 60S) (2) 101.55 4 3/4% 15/9/80 (250.000) (100 308 100.455) 5% T F 1/5/83 (250.000) (100 458
      153 words
    • Article
      Stock options
      39 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday. with the number of options traded shown In brackets Prima (Sept 81.90) (0.60B).
      39 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' pries tar May S) (Current pi ■ices) The Commerce 1 97 2.09 INCOME BOND 1.06 1.11 The Saving Fund lie i.23 S pore Prog Fund 0.94 099 MARA BUMIPUTRA FUND SgoreSecurUy 182 193 (Managers' prices First Bumlputra for May S) 2
    150 words
  • Article
    SHARE INFORMATION SERVICE
    2407 10 1978 High Low Last Company Sale Gr'» Gr's Net Div Div Y'ld P/E Vol Day +or- C'vr cooo) High SECTION ONE Low INDUSTRIALS 181 213 151 225* 81 205 183 358 422 161 132 Acma 123* Alcom 112 Allied Choc 195* Bata 60* Ben 191 Boustead 144
    2,407 words
  • Article
    In Kuala Lumpur
    1636 10 BID and offer prices officially j 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 A|lnam«ta (2MB) (1) 128 (1) 2 80 XAUo Alum (IKB
    1,636 words
  • Article, Illustration
    Blue chips move ahead
    943 10 SINGAPORE SELECTED ■scond liners and blue chips moved ahwd •n buying rapport whilo prices of other counter* fluctuated within limit* of 10 e«U on the Stock Exchange of Singapore yesterday. Trading was active with an aggregate 6.30 million miti tbujlßi hands valued at 911.04 million compared
    943 words
  • Article
    KLSE trading fairly active
    565 10 SUSTAINED buying support among selective lowerpriced shares made for a fairly steady close on the Kuala Lumour stock market yesterday. Trading was fairly active. Despite the suspension of trading in the shares of Associated Plasties Industries yesterday, market sentiment remained fairly bouyant. Blue chips and heavyweights,
    565 words
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  • COMPANY NEWS
    • Article, Illustration
      Jardines to sell Khinco for $4m
      258 11 JARDINES Matheson (JM) Holdings (SEA) Ltd will sell its wholly-owned subsidiary to Office Equipment Manufacturers Singapore Pte Ltd. The cash consideration of $4 million for Khinco's entire issued capital will be subject to adjustments reflecting its net current assets at the date of completion
      258 words
    • Article, Illustration
      LOWER OUTPUT HITS PAHANG CONS PROFIT
      527 11  -  By SUSAN THAM PAHANG Consolidated's profits for the first six months of the current financial year are running some 17 per cent below the level of the previous corresponding period. According to its interim report, unaudited pre-tax profits of the company declined from $2.77
      527 words
    • Article, Illustration
      Intraco on the move
      646 11  -  By GOH HIANG FONG THE experience gained by Intraco from Its Intensified marketing efforts in 1977 will enable the company to maintain Its Improved performance lnsplte of the continued Hstlessness In world trade. In his annual report, chairman Goh TJoei Kok, said, however, that "It is
      646 words
    • Article
      NBT sells Harper stake
      391 11 NORTH Borneo Tlmbops (NBT) has announced the sale of 1.15 million ordinary shares and $1.66 million of convertible loan stock of Harper Oilflllan (HO) to Private Investment Company for Asia (Pica) at $3.10 (basic price) per share and $1.12 per $1 nominal stock respectively. After the
      391 words
    • Article
      COMPANY MEETINGS
      177 11 United Overseas Bank Ltd: AGM to be held at UOB Building, No. 1, Bonham Street, on May 12. Jack Chia Mining and Industrial: EOGM to be held at 2 B. Chartered Bank Chambers, Beach Street. Penang. at 12 noon on May 12. Pegi Malaysia Bhd: EOGM to be
      177 words
    • LATEST RESULTS
      • Article
        Allied Chocolate:
        25 11 Group pre- tax profit $2.07 million ($822,000) for the year ended Dec 31, 1977. Parent company profit $1.96 million ($891,000). No dividend declared.
        25 words
      • Article
        Cold Storage Holdings:
        32 11 Group pre-tax profit $21.43 million ($21.65 million for) for the year ended Jan 31. 1978. Group sales $193.50 million ($180.60 million). Final dividend six cents per lOp stock (same).
        32 words
    • Article
      DIVIDENDS ANNOUNCED
      715 11 Current Ex Book* Date Total for Total for payment Dale cloM payable the year previous year Lingui Dev. *10% I Mar 20 Apr 10 May 5 10% 10% Renong Tin 15HI Apr 17 Apr 20 May 5 15% 50% Alcom 15%(b) Mar 30 Apr 11 MayS 15% 10%
      715 words
    • Article
      SCRIP ISSUES
      236 11 Company Particular* Ex Date Book* Cloae kramat Tin Bonus Issue of 1 for 5 Apr 27 May 10 United Overaea* Bank Bonus Issue of 1 for 10 Apr 28 May 6 Negri Sembilan Oil Palm* Bonus Issue of 1 for 2 May 15 May 26 Slraiti Stramihip Bonus
      236 words
    • Article
      Baring Sanwa's first dividend
      268 11 BARING Sanwa LJd, which has a branch* in Singapore, has announced its first dividend of U*****,000 (*****,500) on' its paid-up capital of $5 million. (Currencies fn US denomination unless, as stated). In 1977, says the merchant bank's annual report, fee income from corporate- finance work handled
      268 words
    • Article
      UOL loan interest
      60 11 UNITED Overseas Land has announced that the eleventh half-yearly interest on the 9 per cent convertible unsecured loan stock 1972/79 will be paid on May 31 to loan stockholders In the company's register at the close of business on May 13. The transfer book and register of
      60 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      446 11 from Penguin IN PENGUINS 2. The Decay of the Angel: Y Mishima With this short novel Mishima concludes The Sea of Fertility, the work he conceived as his own literary monument. When he completed the manuscript in November 1970. he committed suicide, this giving a tragic climax to the themes
      446 words
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  • Article
    Pay first, buy later to cut Japan's surplus
    738 12 PRIME Minister Takeo Fukuda said on Wednesday he promised President Carter that he will cut sharply Japan's massive trade Imbalance with the United States, and offerred to pay cash in advance for American enriched uranium for Japan's nuclear energy plants. After his
    738 words
  • Article, Illustration
    KL WILL DO ITS BIT FOR TEXTILES
    614 12 THE AILING Malaysian textile industry received a pledge from the government that all possible assistance would be given to It. At the same time, it was reminded that it must also do its bit by streamlining operations, modernising equipment, increasing productivity, Improving quality
    614 words
  • Article
    Lock icon Renewed yen surge likely
    248 12 Reuter FUJI BANK, one of Japan's 1 largest commercial banks, 1 said yesterday it expected 1 the yen would surge to fresh < post-war record highs 1 against the US dollar within < the next few months. < The bank said in a report the yen
    Reuter  -  248 words
  • Article
    LONDON STOCKS
    754 12 AN upward trend in prices was halted when the Bank of England signalled it would not oppose and Increase in the minimum lending rate, dealers said. Overall trading was quiet and at 3 p m. the Financial Times index was up 5.9 at 447.8 Government bonds were marked
    754 words
  • Article, Illustration
    Times Pub in joint venture with ITFI
    322 12 BRITAIN'S largest exhibition organiser. Industrial and Trade Fairs International Ltd (ITFI). has Jointly formed a company in Singapore with Times Publishing. The Singapore company. ITF Pte Ltd, will have Its office at the World Trade Centre which is in the final stages of
    322 words
  • Article
    GOVERNOR NEXT U.S. ENVOY
    81 12 THE US Ambassador to Singapore. Mr. John Holdridge. is leaving early next month. Mr. Holdridge. who took up his post in July 1975, will be replaced by Mr. Richard Kneip. 45. the governor of South Dakota. Mr. Holdridge's new assignment is yet to be announced. Before
    81 words
  • Article, Illustration
    Why Asean is keen on holding dialogues
    477 12  -  •y COLIN CHEE ASEAN Is keen on establishing dialogues with developed countries to seek legitimate measures for Its development requirements and not to demand unreason a bl e support and assistance. In an address to delegates at the International Business Forum yesterday. Mr.
    477 words
  • Article
    Lock icon Kuwait insists on hike
    473 12 UPI AP KUWAIT'S Oil Minister has reiterated calls for an ollprlce Increase to compensate for the slippage of the US dollar. "All evidence Indicates that the measures taken so far to correct the dollar's position have been Ineffective." Mr. All Khalifa AsSabah told the National Petroleum
    UPI; AP  -  473 words
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      294 12 3 new fascinating collections from TIME-LIFE j Human Behavior 14 volumes that answer all the questions on what makes you and those around you tick, emotionally and mentally. It explains why and how people act and react you'll be surprised at what you can find out about yourself. And others.
      294 words
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    SHIPPING TIMES
    3378 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t OaMn ScanDatch hu i Joint «erTiee
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      339 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED.7U.K. Every 10 Days. Singapore Tel. *****, Port Kelang Tel *****1, Kuala Lumpur Tel. *****, Penang: Tel ***** SHIPPING Seatrain Lines inc. (USA > Trans Pacific Service Full Container Service To USA feeocr «i spore mother vsl Matrun tr*tn llHtv 5/5 Conccd
      339 words
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      337 13 SHARJAH SHIPPING CO. LTD UNITtO AMI EMiWUES) i port P Kelanf Pfiunj loading lo' GUlf PEARL 22/24 May 2S/27 May DubarAbu Dhalx GULF PROSPERITY 17/2* Ma) Sombay Duba. rn fIHU SHIPPinG LlfK (UNITED A*AB EMIRATES) AHU 4/7 luftt Mil 27/2$ July tWa* 1/10 Jww N/1 Au, Dubai/** Dhabi DubarAbu Dhabi
      337 words
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      461 13 I di MED-AFRICA LINES RFC,III AR MONTHLY DIRECT SERVICE FROM iNoAPORF tft PORT HARCOURT I NIGERIA > SINGAPORE P HARCOURT •M.V. "PAMELA" VOY 1 24 May 19 Jun •M.V. AMANDA VOY 1 14 Jun 10 N •A VESSEL 14 July 10 Au( Container t B'rikbulk cargo sm> Trjnjit Timt 76
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      336 13 ocs MARINE FREIGHT MANAGEMENT SERVIC! OCS y. J.d General Agent OCS Pto Ltd Tat; *****14 I *****57 Port Kelang Afent K B Shippmc Sdn BM Tel: 3M275. *****4 Bangkok Agent OCS Tel: *****25 YAGUMA LINE Direct Loadinc to Rotterdam Vessel Port Mang S pore LAKY GREECE TMIS Hay 11/13 May
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      45 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel. *****. Port Keiang: Tel. *****1. Kuala Lumpur Tel. *****. Penang Tel ***** DANISH MASTER Ist CLASS SEEKS POSITION IS EXPERIENCED IN GENERAL CARGO REEFERS HEAVY LIFTS LPG CARRIERS TUGS CONTACT TEL *****04
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      799 14 SHIPPING j Hapag-Lloyd FULLY CONTAINERISED TO EUROPE City ft UMarjh EXPRESS CONVENTION TO EUROPE S>tn r MUnf Pan ru«u Genoa H bwi VtomUm •MMM 11/b 25/5 5/6 9/6 31/5 "•Mai kcknwri 14/5 16/5 20/5 26/6 2«/6 21/6 19/6 ?j/S 9/6 22/6 27/6 18/6 20/6 5/6 21/6 4/7 9/7 30/6 2/7
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      688 14 I Q SANKYO LINE] AUSTRALIA SERVICE t Ketsnf fcpp— Loading for KYOTEN MMU IMPORT SAILED AOEL, MEL. STD LMISTKTSCE S/S*«T MIS, SYO, MEL, ADEL YUE RIVER 13/14 May 15/18 May "FRE.ADEL, MEL. SYO MAY BREEZE 22/24 May 21/21 May B«S, SYO. MEL BANGLADESH SERVICE uiRtOOM 30/31 May 21/29 May CHITTAGOMG,
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      481 14 SEA mLAND U.SJL/ ASIA SERVICE •y. IS VESSEL/VOYAGE GATEWAY CITY V-696 PONCE V-324 GATEWAY CITY V-697 PONCE V-325 Vessel C.F.S Closes Arrives/ departs 5.00PM .MAT 9/10 MAYS MAYI6/17 MAVIS .May 23/24 .May 30/31 May 22 May 29 BE EAST SERVICE Raptor Dry Rwttr CoataiMr Sum to Duta. I WORLD LION
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      861 14 Everett Lines Burma Fivi Stv Shipping Corpn. 'BURMESE NATIONAL LINE' PHASHMESVAWYMA .N.. 64%' 7 Nay NToncnM 10/12 May B F S S.C Agents in Moloysio TEPS MALAYSIA Port Kelong T. 4 (38)-7355 Penong T«l *****/***** Ummtitt S. A. C.I. F. "ARGENTINE NATIONAL LINE" loading f<* Durban capetowh, buenos aires 7
      861 words
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      328 14 <jjp> a JARDIN I AN lAH I Orient Overseas FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) P.Mmi Soon CHcmiianait mm >« p«i H ROM COHTAIHER K (Mb 15/5 WKATOtR U/5 20/5 ORIENTAL CHIEF K 24/5 26/5 S SEAS WDM IX 11/5 2/6 OMKTAL KXMPKI2 8/6 CHEVALIER PAUL 111 13/6 15/6
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      1200 15 CJCL Overseas Containers Limrted CMTAHOSIIf SERVICE T| M/CMTINENT MUM Mr unu un cm m iiiMHti UMUMtt lUM W«« Em KUIMI tmu( nmu CttTAINEISMP SERVICE FROM UK/COMTIMENT Hburg R'dam le S S pore P. Kelang Dmark Brem A'wtrp Havre I 4 May 24 May 2i May 17 May 21 May 22
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      1072 15 t« M/CMTIMHT (via Saaz) ———9aa S<ngisore P. Kiting Failing Eurooe RENCRUACHAN C.33/5 May May > M>| IMM Bilbao. AiMten,m. 0u6..n. Liverpool. PATROCLOS Ikm May II tm Le.ioes B,lom Amtt N'by'l Mall. L'POOI BENVANMCN 31/ 2 Jaae 1/ In* IM L*a«. le-aaas, Nail. FMM UKCONTINtNT (Via SaUj Sails Eurooe Penang P
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      915 15 m* BENZINE CONTAINERS LIMITED H'BURG BHAttN R OAM HAVRE SCT<* S.ninon P. blwi W Ge<*wr'«*«riA Bawiux I raw a All uK. f Sci«lW> aiwibon UT II Mar 11 1 (»MM) 755; UUU MAN II Mil I ll* 4>— I'M )lw II MH tin *r niMwa u mat i •>— i
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      861 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Fcttel tram P. RtlMI Vessel funcesc* n s ntuwm ILEAJMU u. Ml Kin EUUNI n I HUNII FtiaCESCI 4/ I IMH FtAMCESCA It/ I Ml. NMMt S port h MMilitS a D Hiu't <Q itHirf a/1 a/ i
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      626 15 GUTHRIE BOUSTEAD^'S's THE BANK LINE LTD LOAOS FOR E. I 1 AFRICA 'EZLS* Monibisa. Tinp. Mtyufip. Durban EX, P.E.. tntn t P- KelMf It Ma|/1 Id S'pm »fU I cw i urra iniu m bmbcm. mamli UMEIBAM f Kciang »/it May Spwt Mmw Ptnm* P Kelang II Mar/« in S
      626 words
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      995 16 KAWASAKI KISEN KAISHA. LTD QQQB2SSSE3DE9 (VIA SUEZ) 11 entailer Vr TO BVBOPB S'pore P. Kelang L.Havre H'burg Bremen R'dam MPT** CORAL 7W Sail* la Part it Mar May 29 Kay 30 May NEPTUNE PEARL IV 17 Mar 10 I** 0 laaa 0 Jaaa 10 J«e 1 CHEVALIER M/EIV 23 May
      995 words
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      1009 16 0 E.C.-U.S.A./ ATLANTIC/GULF SERVICE ACCEPTIW FCt/ia CONTAINEtS mil SfOK. P. lELANC. PENA Mr: noofola, nor vow, hi Orleans. nooston SmgaooM P Ki!m( Belaoan Pena "VISUM MAYA" (NRSA 22 SCI) 10/H May 11/11 May 71/17 Mar 21/14 E.C./GREAT LAKES SERVICE I*** tm. MRrou, new von, torowto. isituiu. Detroit. cmcai »enanf Bclwm
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      952 16 NOL NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: n imn (via stjS pore P. Kelang S'hwipton H'byrg Brent R d «ptm. cmui s«m i«Pvt 22 Mir aim n u NEPTUNE PiAIL ,J Mar II May «Jm IJm «Im* II R CHEVALIER WE 23 Mar 2S Mar «km lIJm UK HONCIOM
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      408 16 MALA VStAAt rntTfKNAnONAI SHIPPING CORPORATION BERHAO TtL 0. Him EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Faafer V. Ktlane VrtMl nuwtsc4 n I mumii tuuwu 11/ I hi NUT FIMCtSC* Ml I UUMU FUHCIIC* V WNM S'mt* 1) Mwilict Z Mm 9 Hkarf 4) Ckar i a/1 a/1 v« «/1 «/t
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      770 16 INTRASEA (PTE) LTD Kibor MOwsO J-3E > m < Telephone 354. REfiILAR IWCPENRENT SWI/FIU. CONTAINER SEWICE II EMPf S port P KtllOf P(Wfl| l*M| *r: H BELIAL (Caatr t*.») I Mo MlaiMeß/MBB/tfMM/ AECIS HISPANIC >4 May II M AECIS AINENIC 24 May It Ml M.V. EITEBLICI iCtatr aI) M May
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