The Business Times, 6 May 1978

Microfilm: NL9690
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, MAY 6, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Tin buffer cash
      81 1 AFP KUALA LUMPUR, Frl. The Japanese Minister of International Trade and Industry Toshlo Kohmoto said here today that his government had earmarked US$3O million (S|69 million) as Its contribution to the International tin buffer stock. The amount had been Incorporated In the budget for this fiscal year
      AFP  -  81 words
    • Article
      Lock icon Oil and dollar
      66 1 Reuter JEDDAH, Frl. Oil exporting countries must take action to protect their purchasing power from the decline in value of the US dollar, Venezuelan Energy Minister Dr. Valentin Hernandez said today. Dr. Hernandez, In Saudi Arabia to take part In an Informal gathering of ministers of Opec,
      Reuter  -  66 words
    • Article
      Lock icon Jakarta team for Peking
      69 1 AP. JAKARTA, Frl. A group of Indonesian businessmen will leave for China on Sunday to explore direct trade between the two countries, Air Marshal Suwoto Sukendar, chairman of the Indonesian Chamber of Commerce and Industry, said yesterday. Marshal Sukendar, heading the delegation, said the government In
      AP.  -  69 words
    • Article
      Lock icon Opec talks postponed
      91 1 Reuter. VIENNA, Fri. Finance ministers from 13 major 011-exportlng nations, due to meet in Vienna next week, have postponed their meeting until May 16 but gave no reason for the postponement. The meeting was originally planned for next Wednesday. Opec sources said the delay would give the
      Reuter.  -  91 words
    • Article
      Lock icon India sells gold
      63 1 Reuter. w NEW DELHI, Frl. The Reserve Bank of India today sold 492,600 grammes, or nearly half a ton, of gold to 229 successful local bidders In the firstever gold auction held In India. Prices ranged between 620 and 663 rupees (Ssl6B to $179) per 10 grammes
      Reuter.  -  63 words
    • Article
      Lock icon MLR raised
      43 1 AP LONDON, Fri. The British government today moved to tighten credit by raising the Bank of England's minimum lending rate from 6.5 to 8.75 per cent in a bid to support the pound and halt the outflow of foreign currency. AP
      AP  -  43 words
    • Article
      Lock icon Thai rice
      44 1 Reuter BANGKOK, Frl. Thailand's rice production will fall to 13.7 million tonnes this year from 15.06 million last year. The Ministry of Agriculture and Cooperatives said exports of rice win also fall to 1.2 million tonnes from 2.88 million last year. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Dow Jones
      88 1 UPI NEW YORK, Frl. An encouraging government report on the labour situation helped give the market support during early trading today. Volume was heavy. The report showed that the April unemployment rate was at Its lowest level In 3Y» years 6 per cent with blue-collar personnel pacing the
      UPI  -  88 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      135 1 Rises Most active D Keramat 860 +30 Cona Plant 608.000 Pegi M Tobacco Y H S Maia 480 665 233 +22 +20 17 Sime Darby Leong Huat Haw Par 381,000 289,000 247,000 C A C 368 16 Kemayan 192 15 Total Turnover: 7.01 m M Banking 376
      135 words
    • Article, Illustration
      In Kuala Lumpur
      159 1 Rises Most active Jardine SEA 2.75 89 F. Merlin 730.000 D. Keramat 8.85 25 +.18 +.18 +.18 C and C 3.76 Tganu Dev. 621,000 YooHS(M) M. Banking 2.40 3.80 B. Raya Cons Plant 550,000 294,000 Tronoh 5.85 +.15 Beriuntai Main 7 M 4.34 15 +.12 Total Turnover:
      159 words
  • Article
    Good-bye to all exchange curbs
    787 1  -  APPROVAL, FORMALITIES OUT By TERESA LIM FINANCE Minister Hon Sul Sen figuratively broke the traditional champagne bottle yesterday when he announced full liberalisation of exchange control at the inauguration of the Singapore Federation of Chambers of Commerce and Industry. Offering his announcement as a- 'symbolic
    787 words
  • Article, Illustration
    Unfair edge concern
    606 1 THE TIME has come for a frank and comprehensive review of the role and functions of government-con-trolled enterprises in the country. Care must be taken that these enterprises neither duplicate the work of private companies nor compete unfairly with them. In a hard-hitting speech made at the
    606 words
  • Article
    Where investors have a free hand
    404 1  -  By COLIN CHEE SINGAPORE has a completely open and free enterprise policy towards the foreign investor. Mr. Ridzwan Ozaflr, director of Singapore's Trade Department, speaking at the International Business Forum in Manila yesterday, said the Republic has no product Ideology all viable projects are
    404 words
  • Article
    Proposed sale of Sime's Marryat stake for £2.8m
    316 1 SIME Darby London (SDL) is proposing to sell iU whole interest in Marryat Group Ltd to Teeon for a consideration of £2.78 million. Revealing this yesterday, Sime adds that the agreement is subject to an audit of Marryat confirming that its net
    316 words
  • Article, Illustration
    Admen tell RTS to rethink that move
    478 1  -  By JOHN LIM THE president of the Singapore Advertisers Association." Mr. Patrick Mo we, yesterday called on Radio and Television Singapore to reconsider its move on the required notice of cancellation for advertisements booked in advance. Mr Mowe was speaking at the annual
    478 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      24 words
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      Page 1 Advertisements Column 2
      19 1 TEACHER'S ROYAL HIGHLAND 12 YEAR OLD SCOTCH WHISKY 'fc\< Hi 12 -> l 'i I I \h M U| ii
      19 words
    • Advertisement
      Page 1 Advertisements Column 3
      85 1 LEADER PAGE 6 See Paces and 12 mm MORGAN'S plan for Bias Chiang 2 CITY Plaza ihopi nearly sold out 2 UASC itept up Bailings from Singapore 5 LETTER from America 6 WEST Asians may give gold a shine I FORUM with Soh Tiang 7 WHAT price krugerrand 7 MALAYAN
      85 words
    • Advertisement
      Page 1 Advertisements Column 4
      226 1 Everett Lines FO« TMI MOST FftIQUINT SAILINGS TO BANGKOK HONGKONG •JAPAN FUSAN. Everett Steamship Corpn. S/A Information for busy executives < mm v,*J# A/V'. textiles; new Mini* > attitudes to rural dmbpße&t inter alia,* survey of Thailand's investment policies an account of their revised investment promotion law which includes new
      226 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      City Plaza is nearly sold out
      343 2  -  By JOHN LIM ABOUT 95 per cent of the shop space In City Plaza, the $50 million shopping cum residential complex at Geylang, has been booked. A spokesman for City Developments, the developers, said all bookings are firm and a deposit of about 10
      343 words
    • Article
      Opportunity and threat
      60 2 US environmental requirements and the energy programme will force a major switch by US buyers to European-sized cars, British Leyland chairman Michael Edwardes said. "The American car of the 1980s will be similar in size and construction to many of the models that we now have. This
      60 words
    • Article
      Lock icon OPENINGS FOR SEOUL
      173 2 Reuter DEPUTY Prime Minister Doug Anthony said there were opportunities for South Korea to Invest in Australian mining, agriculture, forestry and fisheries. Mr. Anthony said trade grew every year between the two countries and there was every indication that the substantial growth of the past would continue.
      Reuter  -  173 words
    • Article
      MEMO PAD
      183 2 DATE TITLE VENUE ORGANISER COURSE AND TALKS April 24 May 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 Consulasia May 8-9 Analytical Marketing Management SIM SIM
      183 words
    • Article
      Visitors to Singapore up 10.3pc
      280 2 THE NUMBER of visitors to Singapore continues to increase with 132.851 arrivals by air and sea in February, a 10.3 per cent rise comCred with the same month it year. Land arrivals push the figure up 147,954. Comparltlve figures for last year are not available.
      280 words
    • Article
      Lock icon Call to ease beef entry into US
      166 2 AP AUSTRALIAN Deputy Prime Minister Doug Anthony on Thursday called on the United States Congress to drop plans which would restrict imports of beef from Australia. Mr. Anthony told Parliament: We find it Incredible that when beef prices are increasing so rapidly In
      AP  -  166 words
    • Article
      Lock icon Korea can reach export target
      227 2 AP SOUTH Korea should come within 5 per cent of its ambitious target to export US$l2.5 billion (5128.75 billion) worth of goods In 1978. the US Commerce Department reported on Thursday. In its weekly Commerce America, the department said preliminary figures put 1977 exports at
      AP  -  227 words
    • Article
      Bian Chiang to go wholesale
      432 2 BIAN Chiang Bank will be turned into a wholesale bank once Morgan Guaranty Trust Company of New York completes its 30 per cent purchase of this Sarawak-based bank. It is now a wholly-owned subsidiary of Fleetprlnt Sdn Bhd. In a statement released Jointly by Morgan
      432 words
    • Article
      Over to Douglas soon
      258 2  -  By RAHIM KASSIM A LOCAL trading company, Soon Douglas Trading (Pte) Ltd. has acquired all the shares of two Joint venture companies it had with Tiger Equipment and Services Ltd a member of the Tiger Leasing group of the US. The Joint venture companies. Soon Douglas
      258 words
  • OVERSEAS
    • Article
      Lock icon US aluminium giant jacks up prices
      584 2 NYT. THE ALUMINIUM Co. Of America, (Alcoa), the largest aluminium manufacturer In the US, said on Thursday It would raise by 3.4 per cent the prices of the metal used in beer and soft drink cans. The new price, from May 29, Is set
      NYT.  -  584 words
    • Article
      Lock icon 'Steeling' a March
      240 2 UPI. Reuter. MARCH steel Imports raised foreign steel shipments into the US in the first quarter to 5.75 million tonnes, an all-time quarterly record. "The March total of 1.98 million tonnes was 74 per cent higher than March steel imports last year and has been exceeded In
      UPI.; Reuter.  -  240 words
    • Article
      Lock icon Canada won't impose ceiling
      168 2 Reuter CANADA put no restrictions on participation in a standby credit of up to US$3 billion (556.9 billion) being arranged with US banks, Finance Minister Jean Chretien told the parliamentary standing committee on finance, trade and economic affairs. Conservative finance critic Sinclair Stevens said he understands
      Reuter  -  168 words
    • Article
      Lock icon ADJUSTING PRICES
      106 2 AP. THE US Congress gave President Carter broad new authority to adjust the prices that the government guarantees American farmers for their grain and cotton crops. The House of Representatives approved the bill, a compromise of original Senate and House versions. Mr. Carter has said he would guarantee
      AP.  -  106 words
    • Article
      Lock icon Nissan now decides to wait and see
      120 2 AP. NISSAN of America Is holding off Its planned expansion of the US dealer network for Datsun cars because of market uncertainties. The statement came after April sales figures showed imported cars down 9.5 per cent on the heels of price increases forced
      AP.  -  120 words
    • Article
      Lock icon American M1 up by $4b
      109 2 Reuter. US narrowly-defined money supply Ml rose US$l.7 billion (553.91 billion) to a seasonally adjusted $346.4 billion in the week ended April 26. For the latest four weeks, Ml averaged $344.2 billion compared with $340 billion a week earlier, an Increase of 5.8 per cent
      Reuter.  -  109 words
    • WORLD IN BRIEF
      • Article
        Lock icon POOR MARKS FOR CARTER
        423 2 Agencies AMERICANS think Mr. Jimmy Carter is an honest, hard-working man, but they do not think he has got much done as President of the United States. That is the finding of an Associated Press NBC news survey, taken this week. Mr. Carter's Job rating has
        Agencies  -  423 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      70 2 BELGIAN TEXTILE EXHIBITION 78 Date: 23rd May 1978 I 10.00 a.m.-5.00 p.m. (Tuesday) Singapore Venue: Hyatt Hotel "Twenty leading Belgian Textile Manufacturers specialising in Household linen, carpets and upholstery will present to Singapore textile specialists their latest range of products." Textile wholesalers, importers and dealers are cordially invited to attend.
      70 words
    • Advertisement
      Page 2 Advertisements Column 2
      35 2 OVER 150 COMPANIES CANNOT BE WRONG IN LOCATING THEMSELVES AT THE PSA MULTI-STOREY K 38 mm u**2E!222 *>rt of l«i|ipon Authority, PO 80. 300 W«PU»"C 0* UfVon TEL ******4 or *****11 EXTN 2641. 2033. 2038
      35 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      622 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Treatise on a certain area (5) 6 Child-like crew? (5) 9 Topping tradesmen (7) 10 Point to fruit with something pointed (5) 11 Search and rob of a weapon (5) 12 Appeals which are gratifying to the listener (5) 13 To be frank. It
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      42 3 CONGMTUUTIONS to SJ ASIA COMMERCIAL BANKING CORPN. LTD =J FAR EASTERN BANK LTD. THE INDUSTRIAL COMMERCIAL BANK LIMITED w Overseas Union Bank Limited on theformation of Associated Data Processing Pte. Ltd. "We're proud to be part of this progress" Complete Computer Systems
      42 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      412 4 PRICES yesterday opened slightly lower in the Singapore rubber market following lower London advices, but recovered later on covering demand together with enquiries for RSS One for US ports. However, buying Interest was not sustained and levels fell back slightly towards the morning close. The market
      412 words
    • Article
      RAS PRICES
      328 4 R A S. prices In cents per kilo yesterday: Noon (per kilo) Close (perkUo) Int. 1 R.S.S. prompt f .o.b. Int. 1 R.S.S. May Int. 1 R.S.S. June Int. 2R.SS. UK/Cont. Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont Buyers 206 50 209 00
      328 words
    • Article
      SSR AND SMR
      109 4 NOON SSR and SMR prices yesterday May Junf HAS (Cum at Mth) (Fo. rward Mth) Buyer* Seller* Buyer* Seller* (cent* per kg) (<* nuper k») SSR 20 (1-ton pallet) 190.00 201 00N 200 00 202 00N SSR SO (1-ton pallet) 197.00 199 SON 196 00 200 00N
      109 words
    • Article
      Palm oil
      79 4 C.I.F. North European ports. In US dollars per ton unless otherwise stated LONDON: Thursday Previous Malaysia 5S ffa bulk per tonne July 571 sir 570 sir Sumatra 5H ffa bulk May unch 830 sir June 800 sir 597.50 sir July 580 sir 575 sir August 560 sir 587.50
      79 words
    • Article
      Closing prices
      29 4 Rubber: May 5 Singapore: May 209.50 cents (down 0.75 cent) Malaysia: May 214.00 cents (down 1.25 cents) Tin: MS 1.640 (up $42) Official offering: 245 tonne* (unchanged)
      29 words
    • Article
      Hongkong comex
      165 4 THE sugar futures market closed little changed yesterday in quiet trading. Turnover rose to six lots from four. The Hongkong dally spot sugar price was steady at US 7.40 cents, while the net open positions totalled 32 lots after Thursday's trading. SUGAR futures closing prices: Closing Previous doling
      165 words
    • Article
      SPOT PRICES
      196 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 Good*: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq. (per piece 36
      196 words
    • Article
      Produce exchange
      389 4 ALL GRADES of pepper fell by $2.50 per plcuf while the other commodities held steady in quiet trading on the Singapore produce market yesterday. The top grade. Muntok AST A white, was quoted at $385 per picul while the top black grade. Lampong black ASTA, was $280. There
      389 words
    • Article
      Coffee
      264 4 ROBUSTA futures yesterday morning ended the opening call "hesitant" unchanged to £5 per tonne lower from Thursday night in sales of 86 lots In London. Dealers said the opening was largely expected. However, some dealers expressed concern regarding the Angolan situation. Dealers reported a quiet physical market following the
      264 words
    • Article
      Sugar
      318 4 SUGAR futures yesterday morning opened £0.20 to £0.75 per tonne lower In a turnover of 474 lots Including one option in LONDON. Dealers said the market held around slightly lower closing kerb levels in quiet dealings. News was awaited from the Indian selling tender for five cargoes of Jly/
      318 words
    • Article
      Soybean
      124 4 SOYBEAN futures on Thursday closed US3 to nine cents a bushel higher in CHICAGO, but finished the session with nearbys just off the day's lows. Prices advanced in early dealings to gain as much as 15 cents on local and commission house buying. The rise began on shortcovering when
      124 words
    • Article
      Wheat
      87 4 WHEAT futures In CHICAGO held most of their earlier gains on Thursday, to close US3 to 1 y« cents a bushel higher at the end of a light overall trade. Local buying firmed the market at the opening and took prices Into commission house buy-stops and gains of as
      87 words
    • Article
      High grade rubber four cents up
      323 4 NEARBY RSS one prices have Improved some four cents during the trading week shortened by the May Day holiday, said Holiday Cutler Bath in Its weekly rubber report. The steadiness was largely precipitated by higher London advice and dealer covering demand for the maturing
      323 words
    • Article
      Straits tin
      249 4 THE Straits tin price In Penang yesterday was up Ms 42 to $1.640 per plcul on an unchanged official offering at 245 tonnes. Values were marked higher on strong sentiment following local speculation and US buying. The steadier London market also aided the rise. In LONDON yesterday, tin
      249 words
    • Article
      Cocoa
      437 4 TERMINAL cocoa in LONDON yesterday opened little changed In thin featureless dealings. Traders said the market appeared to be unaffected by reports quoting trade sources concern over wet weather in Bahla's cocoa growing zone. Dealers said the market was again held in a fairly narrow trading range partly due
      437 words
    • Article
      Rice
      180 4 IN. HONGKONG yesterday, the market was quiet with prices unchanged, dealers said. Turnover totalled 325 tonnes comprising Thais 101, Kwangtungs 126 and Australian 98. There were no arrivals. Bangkok prices were unquoted due to a holiday. (US dollar* per tonne FOB but* 100 pet lit clue 422.100 S2nd clew
      180 words
    • Article
      Copper
      290 4 COPPER wlrebars in LONDON finished the morning showing losses of £9 for cash and £10 for three months yesterday. Values were marked down on the early pre-market following the overnight selloff at New York, expectations of a small rise In stocks after recent heavy declines and the firmer tendency
      290 words
    • Article
      Silver
      174 4 SILVER yesterday morning declined by 0.9 to 1.0 pence in LONDON. Lower values in the premarket reflected the late trend at New York on Thursday, lower gold and a firmer tone In sterling against the US dollar. A rallying tendency In early ring dealings petered out following the relatively
      174 words
    • Article
      Lead
      58 4 LEAD yesterday finished the morning with losses of L' 1.25 for cash and £2 for three months in LONDON. Prices gave ground under modest liquidation prompted by the downturn in copper, and three months traded down to £307 per tonne in the pre-market. Smallscale covering pared losses In the
      58 words
    • Article
      Gold
      453 4 THE KILOBAR In Singapore yesterday opened at 8f12,997 and drifted throughout the day to lower at $12,965. In the London market, the metal opened at U*****.50/80 and drifted to" a low of $172.05/35 before recovering slightly to close at $172.20/50. The London morning fix was U*****.55, down 75 cents
      453 words
    • Article
      Zinc
      61 4 ZINC yesterday finished the morning with losses of £0.25 for cash and €2 for three months in LONDON. This metal followed the general movement with scattered liquidation taking three months down to £305 on the pre-market. Lightweight shortcovering steadied values In the ring with three months reaching £308 before
      61 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        379 4 IT WAS very quiet on the foreign exchange market yesterday. The US dollar strengthened marginally against major currencies. Opening at 223.90/10 against the yen, the US dollar moved up to 224.25/40 at noon. London opening brought the dollar up slightly to 224.30/45. Similarly, against the mark, the US
        379 words
      • Article
        Asian $ and CD rates
        200 4 Asian and CD rates ASIAN currency deposit interbank rates as at close on May 5. US Dollars (Spot) Offer BM 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .71/2 .1 .711/16 .7 13/16 .8 1/8 .8 3/16 .81/4 8w. Frm. 7 3/8 7 7/8
        200 words
      • Article
        Discount
        45 4 RANOE OF prices offered by discount houses on May 5. Overnight 3M* Call deposit 3*« Cloaiaf Buyinc Selliac 3-Month Treasury bills 31/4 3 1/8 3-Month Bank bills 47/8 43/4 3-Month CD S 4 7/8 8-Month CD 51/4 S 1/8 Source: National Discount Co Ltd.
        45 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
        21 words
      • Article
        Euro $ rates
        115 4 Euro rates THE RISE In the US money supply made for a harder tendency, but trading Interest yesterday was small ahead of the weekend. Dealers said short dates in LONDON opened around 1/16 higher, but have since eased back to overnight levels. Near periods were also about 1/16 firmer, with
        115 words
      • Article
        Treasury bills tender
        65 4 RESULTS of tender held for 91-day and 182- day bll Offered: •1-day Wlli to be loottod tram May 8 to May 12 $30,000,000 182-day bills to be Iieued on May8 810,000.000 Applied for: $60,200,000 880.000.000 Allotted: Accepted hide: $30,000,000 $90.20 810.000.000 $98.38 Average rate at discount^ approximately
        65 words
      • Article
        London
        212 4 THE US DOLLAR edged higher from initial levels yesterday as operators reassessed the unit's fall In New York on Thursday. Participants were encouraged by Wall Street's recovery on Thursday, which had reflected a 1.3 per cent rise In wholesale prices. rne rise in wholesale prices the biggest for over
        212 words
      • Article
        Hongkong
        153 4 THE HONGKONG foreign exchange market closed steady in fairly active trading after a quiet day yesterday due to the Tokyo market closure and ahead of this weekend's oil exporters' meeting. Dealers said the dollar closed at 2.0695/ 05 marks, with some European Interest compared with Its 2.0670/ 90 opening
        153 words
      • Article
        New York
        235 4 THE DOLLAR finished weaker against major currencies In a very thin trading session on Thursday, with most European markets closed for Ascension Day. The US currency weakened early in the session on news of a 1.3 per cent increase in wholesale prices in April and continued to drift
        235 words
      • Article
        Eurobonds
        282 4 EUROBOND price* quoted on May 5 BU Oflbr Total oil its 0Vk 84 FTIst«9**T Court* ulds EIB Itf »2 Fisonsstf 10*87 Inco 992 IncoSMM Sparbankernas 8 V, 98 Shell 8* 90 EIB8*M EIB 8 V 93 ECSC8H85 Eur of In* 8% 88 Citicorp 10 S3 EIBst«9*M Rowntrees tt« 10*
        282 words
      • Article
        Frankfurt
        32 4 FRANKFURT exchanges opening quotes on May 5. US 2.0690/705 Can 1.8305/85 Stg 3.791/801 Dfl 93.80/70 Bfr 106.00/75 Ut 2.388/396 Ffr 44.96/46.06 Nkr 38.36/46 Bfr com 6.418/426 Bfr fin 6.41/42 Yen 0.9220/36
        32 words
      • Article
        Australia/NZ
        61 4 AUSTRALIA/ NZ exchanges quoted on May 5. AUSTRALIA U8 dollar 1 1356/ 1 IJOB Sterling 0 6228/ 8.6157 Ninety-day air mall buying rates Sterling 0.6415 US dollars 1 1656 Ninety-day forward buying rates: Sterling 0 8346 US dollars ***** NEW ZEALAND: Sterling 0 56*4/ 6 5623 US dollar I.OIW/
        61 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      165 4 c ov»^ Vv The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks
      165 words
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  • TRANSPORT
    • Article
      Airlines must set sights on the year 2000
      900 5  -  ■y CHAN BONG SOO AIRLINES must plan for the year 2000 now If they hope to cope with changing requirements and innovations. In such an enterprise where almost every Important cost is determined by others outside the Industry, and where even pricing
      900 words
    • Article
      Welfare or defence — Sweden's dilemma
      490 5 Welfare or defence Sweden's dilemma SWEDEN'S aerospace Industry is threatened by conflicting cost demands of welfare and defence during a recession. Twice In the past 12 months the government has avoided a decision on whether to go ahead with development of a new light attack aircraft, the B3LA. The Swedish
      490 words
    • Article, Illustration
      SHIPS IN PORT
      405 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vllja (B. Barge) (2300\ 48 King Luck (0600 25 Nikolay Zhukov (1700 after Catamarca II) 18 Perak (1300 after Perils) 21 East Serena (0800 after Ellinls) 35/36 Shoko Maru (0600 after Turkmeniya) 16 Straits Star (0600 20 .Wistaria Garnet (1200) 3/4
      405 words
    • Article
      Lock icon Surplus tonnage cut crucial to tanker market
      237 5 Reuter. THE world tanker market may Improve earlier than many brokers expect, If concerted efforts are made to reduce the world's surplus tonnage over the next two years. A review published by Terminal Operators Ltd, a research associate of shipbrokers Eggar Forrester, notes,
      Reuter.  -  237 words
    • Article
      Lock icon PHILIPPINES TO JAPAN FREIGHT RATES UP
      154 5 Reuter. NEW freight rates for shipments to Japan from the Philippines have been effective since May 1, the Philippine Asia Conference said. An official of the conference, the group of shipping lines that sets rates on shipments from the Philippines to Asian ports, Mrs.
      Reuter.  -  154 words
    • Article
      Lock icon Landing row between France and Pan Am
      166 5 Reuter A ROW has flared between France and Pan American Airways after the US airline defied government instructions when it attempted to land 20 passengers at Orly Airport in the wrong type of plane. Orly officials refused to allow them to set foot
      Reuter  -  166 words
    • Article, Illustration
      Two UASC sailings from S'pore in July
      463 5 THE United Arab Shipping Company (UASC), a newcomer to the Far East-West Asia run, is to Increase Its sailing frequency from here to twice a month in early July. Currently It has a monthly direct service from Hongkong/ Singapore to the Red Sea
      463 words
    • Article
      Lock icon El Al standby fares rejected
      342 5 Reuter, AFP. THE US Civil Aeronautics Board (CAB) on Thursday rejected a proposal by El A 1 Israel Airlines for a standby discount fare onfllghts between New York and Tel Aviv of US$575 (SS 1,322) round-trip for most of the year and $675 in the
      Reuter,; AFP.  -  342 words
    • Article
      Lock icon LONDON FREIGHT
      199 5 UPI. NO SIGNIFICANT change could be detected In still rather sparse freight market fixing but It was believed that the Far East tone continued to Improve. Oreat Lakes business accounted for a large part of reported fixing. The May loaders Dunav and Achilles took 25,000ton grain cargoes from
      UPI.  -  199 words
    • Article
      Lock icon Accept Boeing offer ...
      87 5 Accept Boeing offer AFP. NATIONAL Enterprise Board (NEB) chairman Sir Leslie Murphy yesterday strongly urged the British aerospace industry to accept the Boeing offer of collaboration in the building of a larger version of their successful 737. He said it could lead to four times the number of Jobs, which
      AFP.  -  87 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      723 5 ARRIVALS Svrio* Locm it Operator Number T\B» Ftvm CAL C1133 00*0 TPE/HKO ITUL MAS MHB01 trroo KILL MAS MH882 0745 KCR SIA SQ101 8815 KUL MAS MHS21 0840 PES MAS MH501 0845 KUL MAS MH971 0845 PEN/KUL CPA CX710 1009 HLP CAL CI814 1000 HLP RBA BI322
      723 words
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      Page 5 Advertisements Column 1
      54 5 J/ J (r/ //c Non-Residents to purchase or rent 0 jHa LTTynw nOW Vt*ua Lucky Plaza is situated centrally in the Orchard Road busiest areawhere the tourist shopping and hotel hub is booming Drive-in Shop: There s ample car parking lots on each floor tor convenient shopping LUCKY PLAZA FAR
      54 words
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  • Article
    Local enterprises important too
    453 6 SINGAPORE'S completely open policy on foreign investment without any strings attached does not mean that local participation In the country's development Is being ignored. On the contrary, there Is the realisation that both are required in economic development the foreigners for their capital and knowhow and
    453 words
  • Article
    Another boost for financial centre
    317 6 THE total relaxation of exchange controls announced by Finance Minister Hon Sul Sen last evening Is another milestone in Singapore's history as a financial centre. The Government has been progressively easing restrictions on the free flow of funds over the last few years. When exchange
    317 words
  • Article, Illustration
    West Asia may prop up the price of gold
    1276 6  -  Notkiaf aeeou to chance much if you take a loaf view of history the rulers of Egypt were fascinated by fold thousands of years ago and today West Asian activity in the gold market, official and unofficial, is still significant. Viewed
    1,276 words
  • Article, Illustration
    Land of proud protectionists
    970 6  -  LETTER FROM AMERICA bV John Tan IN SINGAPORE and other major exporting countries, barriers to trade are known by a very dirty word protectionism. Whether it comes in the form of quotas, tariffs, or even other non-tariff barriers, protectionism can lead only to retaliation and the
    970 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      664 6 a®** V I ■-t sinGopura FORUM gj HOTEL OXLEY RISE/PEN ANG ROAD, SINGAPORE 9. TEL: *****1 MS Orchard Bead. B'pere 9. Twk mm Pebble Bar The legendary TANIA. Only the four of 'TANIA' can produce the uniqueness of their very own GREAT SOUND. IT'S DYNAMIC. 810 SHOWS: Performing Mondays through
      664 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 WEA THER outlook for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 p.m.« May sat the airport. Maximum Temperature 32.5° C Associated Humidity ft Mimimum Temperature 24.3° C Aaeociatod Humidity 98 Hours of Sunshine 5.75 Rafahii in Millimetres trace Total Rainfall for
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      313 6 TiVIPRWDITO SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 0 2.00 Saturday Matinee Hot Millions, starring Peter Ustinov, Maggie Smith, Karl Maiden, Bob Newhart 3.45 Police Surgeon North Light 0 4.10 FA Cup Semi-Final Ipswich vs West Bromwich Albion 0 5.10 Sandiwara Sebelum Ajal Berpantang Maut (Repeat) A
      313 words
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  • Article, Illustration
    Demand for Krugerrands is running berserk
    1088 7  -  Call it the "Impala" as they do in Hongkong, "Krugerrand" or "an ounce of pure love," as the American ads do, or what you will but the 600,000 one-ounce 22-carat gold coins that issue from South Arica's Mint every month are now all the
    1,088 words
  • Article, Illustration
    STRAWS IN THE WIND
    465 7 THIS funny-looking thing, believe it or not, is a steam engine suitable (or cars and boats, which burns oil, wood, sawdust or even peat. Our Man in Borneo received news of this item from a reader in Britain who notes that cheap steam power could be
    465 words
  • Article
    Reader queries transfer of SBS surplus
    228 7  -  Letter to the Editor TS LIM Dear Sir With the public Issue of 20,000,000 shares of $1 at par. the paid-up capital of SBS (1978) Ltd Is Increased to $31 million. The prospectus states that the net tangible asset, backing for each $1.00 ordinary
    228 words
  • Article
    Best of both worlds
    1022 7  -  FORUM r ...on economics h ®r SOH TIANG KING WHILE the Keyneslans and Monetarists are still locked In an endless academic battle, the Singapore Government has been judiciously and almost simultaneously applying the theories of both groups to tackle real economic problems. But during the last
    1,022 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      272 7 Bl TODAY PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 «OKOH Lunch HOTEL NEGARA 15 Claymore Drive, Singapore 9 Tel: *****1 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 QUEEN S HOTEL
      272 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      32 7 RRIL GO-slow 60s STRi <e. u». Bristol: FnikDickens NOU) Lers S€£. UHRT'S GOtMG ON IN Trte UJQRLD PosTmeN uioßk: CUTS TO Rulc Te^evtsiosi pßjcas Blpoc OUT wc^eßSeo. C SIG>W f Heße... ♦tsi
      32 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Quiet trading
      343 8 HONGKONG THE MARKET yesterday closed mixed In quiet trading, with investors hesitant, dealers said. Hongkong Bank rose HKSIO to $15.30. Hongkong Land also rose five cents to 7.85 while Wheelock Marden rose 2.5 to 2.55. Swire Pacific rose five to 7.10» Hutchison Whampoa eased 2.5 t04.35 and Jardlne
      343 words
    • Article
      MARKET HOLIDAY
      58 8 THE TOKYO Stock Market was closed yesterday being Children'* Day. With Thailand celebrating Coronation Day, the Bangkok Btock Market waa Iteo closed yesterday. In Europe, the following Worse* were closed on Thursday (Ascension Day): Amsterdam, Brussels, Frankfurt, Paris and Zurich. In South Africa, the Johannesburg market was closed
      58 words
    • Article
      Sydney
      318 8 RIBEB outnumbered falls among industrials but there were more falls on the mining boards yesterday, dealers said. BHP fell six cent* and the banks all eased with the NSW down six cents at $9.32. Among miner*, uraniums were down with 00 cents lower at 911.30 and Queensland down five
      318 words
    • Article
      Manila
      107 8 THE market closed mixed yesterday, with commercials and minings firmer while oils declined, dealers said. Turnover rose to 5.12 million pesos from Thursday's 4.30 million. MAY OS Pesos Acoje Mining Atlas Con. A Atlas Con. B. Bagulo Gold BenguetCon. B BF Good rich CDCP Inco B Le panto B
      107 words
    • Article
      Selected Indices
      63 8 FINANCIAL TIMES INDUSTRIALS Thursday 474.6 Wednesday 471.9 Week Ago 467.8 DOW JONES AVERAGE INDUSTRIALS Thursday 824.41 Wednesday 828.83 Week Ago 826.92 LONDON DOLLAR PREMIUM Thursday 110 to 110 W Wednesday 110 to 110V» H.K. HANG SENG Friday 457.17 Thursday 456.10 Week Ago 460.23 SYDNEY INDUSTRIALS Friday 416.68 Thursday
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    • Article
      Toronto
      329 8 THE MARKET closed higher on Thursday as communication, oil and pipeline Issues rallied In late afternoon trading. The composite index was up more than a point and advances outpaced declines 258 to 172. Gold gained 22 points on firmer bullion prices. Trading was active. Great-West Life Assurance rose 8%
      329 words
    • Article
      Milan
      142 8 THE MARKET was mixed with selective gains In thin trading on Thursday, dealers said. Flat, Anlc and Snla Vlscosa gained, but Asslcurazlonl Generail, Generale Immoblllare, Pirelli SPA and Montedison were weaker. Bonds were mixed, with the Enel Indexed issues firmer. MAY m Lire 4-/-Ante 91.75 +0.25 Assoc Gen *****
      142 words
    • Article
      Uphill struggle
      1111 8 NEW YORK STOCKS struggled uphill most of the day after a heavy selloff at the opening but had to settle for a modest loss on Thursday. Analysts said the market, which was already In a consolidation phase tills week after the sharp runup since mid-April, was further depressed
      1,111 words
    • Article
      Lock icon Norlin Corp an unlikely mix
      1580 8 NYT. EVEN BY the eclectic standards of today's conglomerates, the Norlin Corp Is an unlikely mix. It is a Panamanian holding company with headquarters In New York, and last year It grossed US$23B million on a product line that includes Ecuador's best-selling beer, a clutch
      NYT.  -  1,580 words
    • Article
      Lock icon Hard fight for deposits
      651 8 NYT WHEN THE American Savings and Loan Association of Utah sold US$5O million in mortgage-backed bonds two weeks ago, it showed that hard-pressed thrift institutions were fighting hard to recapture deposits they had been losing to higher yielding money market instruments. The American Savings and Loan
      NYT  -  651 words
    • Article
      Lock icon Reopening of Italian counters
      99 8 Reuter ITALIAN over-the-coun-ter share markets will reopen next week under a new set of regulations, the Bourse Commission said. The markets will operate on one day a week in different centres, one in Genoa on Monday, in Turin on Tuesday, In Milan on Wednesday and In
      Reuter  -  99 words
    • Article
      CHICAGO BOARD OPTIONS
      1476 8 May 4 VOLUME on the Chicago Board Options Exchange expanded to 173,448 contracts on Thursday from 158 438 the previous day. iM-m» nr orr J AW nocM AKW* 49 »t« wl UHTMP W t/| AM M 1 LI VHTWD it VI Atoa MT« li i VI l
      1,476 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      171 8 collecting Oriental fINTOiEJ by Judith Moorhouse and Dries Blitz i G3 Hamlyn Group, London. *£slques have always fascinated collectors throughout the world, evoking as they do the exotic and inscrutable East. It Is, however, widely believed that they are too tw7n'?l Ve the a X® ra e collector. This myth
      171 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Sohio gains due mainly to Alaskan pipeline
      594 9 NORTH AMERICAN STANDARD Oil of Ohio (Sohio) has attributed its first quarter earnings mostly to the start-up of the Trans-Alaska pipeline. Petroleum operations contributed U*****.2 million in revenues this year compared with $25.2 million a year ago. Sohlo's share of Prudhoe Bay Production
      594 words
    • Article
      Lock icon Coke and Pepsi
      220 9 FT Reuter. THE TWO US soft drinks giants, Coca Cola and Pepslco, have been ordered by the Federal Trade Commission to dismantle their bottling operations based on territorial limits. Coca-Cola announced that it would appeal against the ruling "because it is against the interests of the consumer.
      FT; Reuter.  -  220 words
    • Article
      Earnings for Wells Fargo rise sharply
      272 9 LOS ANGELES: Wells Fargo and Company earnings (income before securities transactions) for the first quarter of 1978 were U5525.4 million, equivalent to 51.14 a share, compared with a restated figure of 116.7 million, or 83 cents a share, for the same period a year,
      272 words
    • Article
      PHOENIX STEEL
      85 9 CLAYMONT. Delaware: Phoenix Steel Corp said it has completed the previously announced Issue of US$7.5 million of 1,018,182 shares of stock and 94,000 shares of series B convertible preferred stock to Creusot-Lolre, an indirect shareholder. The 94,000 shares of preferred stock are convertible into 1,504,000 shares of Phoenix
      85 words
    • Article
      Honeywell
      42 9 MINNEAPOLIS: Honeywell Inc said worldwide computer orders were up substantially In the first quarter and noted that backlogs remain at a high level. The company had operating earnings of US$l.5B a share in the quarter, up from $1.28 a year ago.
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    • Article
      Lock icon Chrysler wins fight for plan
      773 9 NYT, Reuter MANAGEMENT of the Chrysler Corp beat back a growing rebellion among Its shareholders this week and won authorisation at the annual meeting to Issue 40 million additional shares of common stock and 20 million preferred shares. The sale of more stock including the
      NYT,; Reuter  -  773 words
    • Article
      First quarter up 42pc for Raytheon
      271 9 LEXINGTON. Massachusetts: Raytheon Company, a manufacturer of electronic equipment and appliances, has reported a 42 per cent increase in firstquarter profits on a 16 per cent rise in sales. The company said it expects operators to continue strong for the remainder of the year
      271 words
    • Article
      Lock icon Profit margins advance for 3M
      90 9 Reuter. ST. PAUL: Minnesota Mining and Manufacturing Co said that its first-quarter profit margins advanced and are approaching their historical average having recovered well following the recession of 1974-75. The company report first-quarter earnings of USs.o3 a share, up from 75 cents in the year-earlier
      Reuter.  -  90 words
    • Article
      Lock icon AMERICAN BRANDS
      306 9 Reuter AMERICAN Brands Inc said that, excluding foreign currency translation, its first quarter earnings were U5544.3 million or $1.66 per share, up slightly from $42.9 million or $1.60 per share a year earlier. The company reported first-quarter net after currency translation of $55.8 million or $2.10 per share,
      Reuter  -  306 words
    • Article
      Strong sales outlook for Alcan
      92 9 MONTREAL: Alcan Aluminium Ltd, which reported first quarter sales of $817.4 million against $735.4 million, said that the second-quarter sales outlook is strong. The company reported first-quarter net* of $60 million compared with $35.5 million In 1977. Alcan said that aluminium shipments were 394,300 tons
      92 words
    • Article
      Lock icon Small scale steel mill
      179 9 ASIAN Reuter CONZINC Rlotlnto of Australia Ltd (CRA) has begun a study In conjunction with the Korf group of West Germany into the feasibility of a small-scale steel mill at Qeelong, Victoria, a CRA spokesman said from Melbourne. The scheme as now envisaged involves the construction
      Reuter  -  179 words
    • Article
      Lock icon Swan Brewery's good fortune
      171 9 Reuter. PERTH: Swan Brewery Co Ltd said it emphasised that the sharp rise in 1977/78 profit to A 516.60 million from $9.55 million Is, in addition to favourable trading conditions, largely due to the earlier-than-planned significant Investment allowance benefits. Its new bottling and packaging facilities here
      Reuter.  -  171 words
    • Article
      Lock icon Investment in North Sea oil
      92 9 BONDS AND LOANS Reuter. LONDON: Texas Eastern Corp of the US, which has stakes in several UK gas and oil fields, said it is planning to invest more than US$3OO million in North Sea activities over the next five years. Its chairman Oeorge Klrby, here
      Reuter.  -  92 words
    • Article
      Lock icon Montedison SPA
      88 9 Reuter. MILAN: Montedison SPA's debts rose 322 billion lire in 1977 to 2.26 trillion lire, with short-term debts acounting for over 60 per cent of the total, according to financial analysts. Debt servicing cost the company 251 billion lire against 200 billion in 1976, while wages cost it
      Reuter.  -  88 words
    • Article
      Lock icon Akzo NV
      60 9 Reuter. ZURICH: A kzo NV, Arnhem, and Monsanto International NV, Curacao, will prematurely redeem their 5.5 per cent bonds due 1982 and 1987 respectively, the Stock Exchange said. Akzo's 50 million franc issue will be redeemed at par on July 31, while Monsanto's 80 million franc loan will
      Reuter.  -  60 words
    • Article
      Lock icon Telephone company
      65 9 AFP. LONDON: The Spanish National Telephone Company has just been granted a US$5O million loan from the Eurocurrency market, to be repaid in seven years, the Chase Manhattan Bank announced here. The funds are to be used to help carry out a largescale three-year programme of modernisation and
      AFP.  -  65 words
    • Article
      Lock icon Contract for Toyo and Far East Oil
      129 9 Reuter. JAPAN'S Toyo Menka Kalsha and the Far East Oil Trading Company have won a 12 billion yen Joint contract from the Indonesian oil company Pertamlna to build natural gas gathering facilities In East Java. The deal Involves building offshore and inland gas
      Reuter.  -  129 words
    • Article
      Lock icon CCF floating rate notes
      53 9 Reuter. LONDON: Credit Commercial de France confirmed that its US$45 million of seven-year floating rate notes will bear interest at one quarter per cent over the six-month London interbank offered rate with a minimum of 5* per cent. In a statement, CCF said the notes are
      Reuter.  -  53 words
    • Article
      Lock icon Lysaght buys out partner
      93 9 Reuter. JOHN Lysaght (Australia) Ltd said It bought out its US partner In the West Coast steel processing company. ASC Pacific Inc, making it a wholly- r owned unit, effective April 30,. Lysaght did not state the partner's name or price and no company official was
      Reuter.  -  93 words
    • Article
      Lock icon Hydro-Quebec
      61 9 Reuter MONTREAL: HydroQuebec said it negotiated in Canada a $120 million issue of 10* per cent debentures at par and dated May 15, to mature on May 15, 2003, and callable at par after May 15, 1998. Hydro-Quebec said proceeds from the offering will be'added to general funds and
      Reuter  -  61 words
    • Article
      Lock icon UBAF CDs
      47 9 Reuter. PARIS: Union de Banques Arabes et Francalses (ÜBAF) in Bahrain is raising US$2O million in certificates of deposit through an International consortium, Informed banking sources said. The coupon Is point above Bahrain interbank offered rates and the life is three years, they added. Reuter.
      Reuter.  -  47 words
    • Article
      Lock icon Salzburger AG
      30 9 Reuter. BASLE: The 30 million franc, 15-year, 4.25 per cent bond issue floated here at par by Salzburger AO Fuer Elektrlzitaetswlrtschaft was heavily oversubscribed, Swiss Bank Corp said.
      Reuter.  -  30 words
    • Article
      Lock icon Strong rise for Audi NSU
      310 9 EUROPEAN Reuter. ■VOLKSWAGENWERK AG subsidiary Audi NSU Auto Union AG said its 1977 net profit rose to 87.0 million marks from 55.2 million in 1976 on sales 39.6 per cent up at 4.23 billion marks. It said in its annual report that it plans to
      Reuter.  -  310 words
    • Article
      Lock icon Bayerische Vereinsbank improves
      102 9 Reuter MUNICH: Bayerische Verelnsbank had clearly Improved first quarter 1978 operating profits chiefly due to higher profits In Its securities business, managing board spokesman Max Hack) said. He told the annual meeting that with this result, last year's positive income trend Is continuing. Previously announced parent company
      Reuter  -  102 words
    • Article
      Lock icon Banque Nationale de Paris
      217 9 Reuter. BANQUE Natlonale de Paris has announced a total proposed dividend of 24.75 francs (previous 28.08) on a capital raised to 592.59 million francs from last year's 500 million. Net group consolidated profit 406 million (358 million). Also In Paris, the RhonePoulenc Group announced its net
      Reuter.  -  217 words
    • Article
      Lock icon Assembly workers back at plant
      146 9 Reuter. CHRYSLER (UK) Ltd said car assembly at its Linwood, Scotland, plant has returned to normal working, following a walk-out on Friday by 60 material handlers. A Chrysler spokesman said the 1,000 production workers laid off after the walk-out were recalled and production loss was
      Reuter.  -  146 words
    • Article
      Lock icon Chemical plant deal
      61 9 Reuter SONATRACH, the Algerian state oil company, has signed a four-year contract with the French firms Technlp SA and CreusotLolre SA, a subsidiary of the Empaln-Schneider Group, for repairs and extension of its Arzew ammonium and fertilizers plant, the Algerle Presse Service news agency reported. In Paris,
      Reuter  -  61 words
    • Article
      Lock icon Engineering firm cautious of the future
      370 9 FT. AFTER CLIMBING from £3.82 million to £5.44 million at halfway, taxable profit of Simon Engineering ended last year some £4.3 million higher at £14.32 million on a turnover of £1.41 million lower at £197.36 million. Directors point out that the virtually unchanged turnover
      FT.  -  370 words
    • Article
      Lock icon SPLIT AND MERGER
      137 9 Reuter. GENERALE Allmentalre SA has announced that it will split Its Industrial activities between three fully-owned subsidiaries and then merge with its parent company Oenerale Occidentale. Three new companies, Unallm, Blallm and Trlalim have been formed, each with a nominal starting capital of 100,000 francs, to take
      Reuter.  -  137 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      89 9 A V 4> in PAN Paperback LE CAIIE < 1 THE HONOURABLE SCHOOL' HIS LATEST #1 WORLD BESTSELLER 'THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME i r r lIKK> V\ KKkl.\ !>■. I<ifj• i i .trrv -:11. m»-nt .11 ifi\ > •i < t> tin h
      89 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1638 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 word "sett 7 Big Board
      1,638 words
    • Article
      Corporate bonds
      246 10 Auatraliaa D B 8 1/4% 1982 (100.000) (95'48 96*8) Australian D B 10% 1982 (100.000) (98SB 99SS) B O T 8 1/2% 1981 (100,000) (100HB 100%S) B O T 7 5/8% 1984 (100.000) <95 SB 95 S8) B O T Floating 1984 (100.000) (9958 lOOWS) C Itoh 8
      246 words
    • Article
      Government bonds
      151 10 Rep Spore D Mark 7% 1982 (100.000) (102'«B 103S) Rep Spore 1/2% I*B3 (100.000) (1028 102SS) Rep Spore 7 3/4% 1987 (100.000) (99'«8 100S) 5 1/4% 15/10/79 (250.000) (101.508 101 60S) (2) 101.55 4 3/4% 15/9/80 (250.000) (100 308 100 40S) 5% 15/4/81 (250.000) (4) 100 69 5
      151 words
    • Article
      Stock options
      47 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 t raflPfl shown In brackets. C and C (June $2.20) (I.SOS). Pan Electric (Sept 11.55) (0.358).
      47 words
  • Article
    Unit trusts
    151 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMiitim price far May 1) (Current pi -ieea) The Commerce 1.07 2 00 INCOME BOND 1.06 I.U The Saving Fund 1.17 1.24 S pore Prog Fund 0 94 0 09 MARA BUMIPUTRA FUND S pore Security Fund Spore Invest Fund (Managers' priori
    151 words
  • Article
    SHARE INFORMATION SERVICE
    2452 10 1978 Gr'i Gr'i Net Low Company Last Div Div Y'ld P/E Vol C000) Day High Sale +or- C'»r High Low SECTION ONE INDUSTRIALS 181 132 Acma 174 1 12.ON 1.8 6.8 10.2 4 174 172 213 123* Alcom 202 10.0 2.2 4.9 14.9 151 112 Allied Choc
    2,452 words
  • Article
    In Kuala Lumpur
    1855 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 A|inamata (2.308) (2) 2.30 XALL. Alcorn (1 908 1 958) A
    1,855 words
  • Article, Illustration
    Generally steady and higher
    853 10 SINGAPORE PRICES generally op—id steady and cleeed higher although some counters lost ground in selective and active trading on the Stock Exchange of Singapore yesterday. Price falls were generally lower than gains and on balance, advances led declines 42 to 30 on the industrial board. One
    853 words
  • Article
    KLSE closes on steady note
    673 10 THE Kuala Lumpur stock market yesterday continued its bullish streak to close the week on a steady note. Trading remained selective with speculative liners again accounting for the bulk of trading. There was some profittaking ahead of the weekend but the selling was well-absorbed. Prices
    673 words
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  • COMPANY NEWS
    • Article
      Interest charges a great setback to UE
      945 11  -  By LOW LEE CHOO UNLESS United Engineers > (Malaysia) (UE) can reduce the heavy Interest charges on its borrowings, it appears the company, faced with severe competition, is in for some hard times again this year. This gloomy outlook is underlined by the
      945 words
    • Article
      In-house bakery at Metro
      99 11 METRO'S ln-house bakery, Metro-Futaba Co Pte Ltd, opens for business today. The joint-venture between Metro Pte Ltd and Futaba Bakery Co Ltd was set up on Sept 1, 1977. Metro-Futaba has an authorised capital of $500,000 with a paid-up capital of $200,000. Metro owns 51 per
      99 words
    • Article
      PDC ventures into swim gear
      210 11 PACIFIC Development Credit Berhad Is participating In a Joint venture, General Oomma (M) Sdn. Bhd. The Joint-venture, Incorporated on 12th April, 1978 and subject to the approval of the Foreign Investment Committee, will manufacture rubber swim-gear and swim-fins. It has an authorised share capital of
      210 words
    • Article
      Bata sales hit $50m mark
      626 11  -  By DAVID CHOW BATA (Malaysia) Intends to accelerate its production with the setting up of a new factory in Seremban for which a site has been acquired. This is to relieve the present congestion at its factory in Klang, Bata chairman Mr. N.E. Moubayed pointed
      626 words
    • Article
      DIVIDENDS ANNOUNCED
      744 11 Current Ex Books Date Total for Total for payment Date close payable the year previous year Roxy Elec. 5%TE(b) Apr 13 Apr 25 May 8 5%TE 5%TE Aiinomoto 12%TE Afer 13 Apr 25 May 8 12%TE 12%TE Min Securities Msia 12*%I Apr 18 Apr 28 May8 12*% 20%
      744 words
    • Article
      SCRIP ISSUES
      222 11 finniltn £a Datr fMltW Hmmi Tta Boom Lmu« of i tor 5 Aprin M* r 10 l «»»< Ov«T b««4 Bono* Lshmt o( 1 or 10 Apr a M» N«f ri SmU Oil Palm ka Bonos issue of 1 lor t May >» M«y 2« *traiu Simi ••kip
      222 words
    • Article
      COMPANY MEETINGS
      384 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. Peci Malaysia Bhd: EOGM to be
      384 words
    • Article, Illustration
      Taiping shares poser
      370 11 TAIPING Textiles has stated that, apart from the revaluation of its assets which could have caused rumours or speculation, there has been no material development which could account for the recent unusual market movement of its shares on the Singapore and Kuala Lumpur stock exchanges. The company
      370 words
    • Article, Illustration
      Earnings at Malayan Cables shrink
      743 11  -  »y OUR REPORTER AN UNEXPECTED disruption in telephone cable orders in the second half, combined with a reduction In profit margins, led Malayan Cables to a deterioration in pre-tax profit to M 53.18 million for the year ended Dec 31. 1977; down 19.6 per cent
      743 words
    • LATEST RESULTS
      • Article
        GUINNESS MALAYSIA:
        60 11 Group pre-tax profit M 510.74 million ($8.45 million) for the first halfyear ended Feb 28. 1978. Net sales $69.91 million ($59.17 million). Tax $4.91 million ($3.57 million) leaving net profit at $5.83 million ($4.88 million). Parent company pre-tax profit $8.59 million ($6.27 million) on sales of $54.45 million
        60 words
      • Article
        Boustead Holdings:
        69 11 Group pre-tax earnings $15.13 million ($8.66 million) for the year ended Dec 31, 1977. Turnover $89.22 million ($72.57 million). Tax $7.06 million ($4.44 million), minorities $2.11 million ($1.04 million) and extraordinary items $289,000 ($224,000), leaving attributable profits at $5.67 million ($2.95 million). Final dividend 12V4 per cent which
        69 words
      • Article
        Guinesa Malaysia:
        19 11 Group pre-tax profit of M$ 10.74 million ($8.45 million) for the first half-year ended Feb 28. 1978.
        19 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      37 11 V > The Love of ines< ooking I X\ j'i--JtU*a :'•'Jfc *Tr -K v -1 >/ *dt -'i'M I 7 fv\ SiFr. 44K '>Ar-. Li:' Qt 23 tr l*V M* So r «•«< V 5 ±D X *a* SEE o
      37 words
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  • Article
    Lock icon Carter voices fear
    896 12 WHOLESALE PRICE JUMPS Reuter, NYT. PREBIDENT Carter said the April wholesale price Increase "has caused me gseat concern." He added the single phrase to the prepared text of a speech to Los Angeles Bar Association. He was referring to the latest Labour Department report that wholesale prices
    Reuter,; NYT.  -  896 words
  • Article
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    301 12 AFP. THE FIRST ever issue of dollar certificates of deposits in Bahrain had been oversubscribed and raised from $20 to $25 million, said the president of the Union de Banques Arabes et Francaises, Mohammed Abu Shadl. The CDs were issued for the bank's
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  • Article
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    160 words
  • Article
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    493 words
  • Article
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    166 words
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    446 words
  • Article
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    757 words
  • Article
    Tokyo will double official aid in 3 years
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    487 words
  • Article, Illustration
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    858 words
  • Article
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    442 words
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