The Business Times, 22 August 1978

Microfilm: NL9799
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 TUESDAY, AUGUST 22, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Closed doors
      82 1 THE MEETING between Sime Darby Holdings and the bankers of Its $475 million loan facility tomorrow will be held behind closed doors. The gathering of the group's bankers will be held at Aseambankers' Oriental Plaza offices in Kuala Lumpur. More than 25 banks have committed themselves to the
      82 words
    • Article
      Lock icon Fuel for inflation
      80 1 Reuter HONGKONG, MortT The Hongkong and Shanghai Banking Corp said Hongkong's combination of full employment, rising wages, depreciating currency and buoyant aggregate demand cannot fail to accentuate Inflationary pressures. In its latest quarterly review, the bank said that with the labour shortage deteriorating in the manufacturing industries,
      Reuter  -  80 words
    • Article
      Lock icon Nippon Steel's plan
      71 1 Reuter TOKYO, Mon. Japan's biggest steel producer, Nippon Steel Corporation, plans to work out a rationalisation programme by October to cope with a prolonged slump of the Industry, it said today. The company however, declined to comment on a report in the Asahl Shlmbun which said that
      Reuter  -  71 words
    • Article
      Lock icon Riotous trading
      78 1 Reuter SYDNEY, Mon. Chanting demonstrators brought business on the Sydney Stock Exchange to a nalt for 30 minutes today as they tried to break into the trading floor. The demonstrators, numbering about 200, were protesting against recent tough Budget measures. They swarmed into the building as stock exchange
      Reuter  -  78 words
    • Article
      Lock icon More Thai rice
      75 1 AFP BANGKOK, Mon. The Thai Board of Trade (BOT) has predicted that rice exports for the whole of this year will total 1.6 million, tonnes, or 400,000 tonnes above the target set by the government. The latest BOT report pointed out that 922.369 tonnes of rice, or
      AFP  -  75 words
    • Article
      Lock icon Back in business
      56 1 Reuter WELLINGTON, Mon. Normal trading In foreign currencies, suspended by the Reserve Bank of New Zealand on Friday, was resumed today. The bank said trading in all currencies other than the US and Australian dollars was suspended on Friday as a result of erratic movements of the
      Reuter  -  56 words
    • Article
      Lock icon Dow Jones
      66 1 UPI NEW YORK, Mon. Stocks drifted lower today amid mixed Investor reaction to the Federal Reserves' credit-tightening moves to strengthen the dollar abroad. Trading was fairly active. The Dow Jones Industrial average, a 3.29-point loser on Friday, was off 1.03 points to 895.78 around 1600 GMT. Declines led
      UPI  -  66 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      130 1 Rises Most active Selangor Dredg Scl C'oconuta Pan Electric OU E 480 378 220 214 +36 +36 +13 +7 +6 +6 +6 Pan Electric Harimau Haw Par Sime Darby 1,951,000 537,000 488,000 427,000 Metal Box Spore H Msia 326 190 186 SPPL 255,000 Total Turnover: 12.34 m
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    • Article, Illustration
      In Kuala Lumpur
      188 1 Rises Most active Sanyo 4 60 38 S. Darby 541.000 Sel C'nuu 3.90 .28 M. Credit 471.000 Pan-Elec 2 23 .14 SDore Land 317.000 K Sidim S Kinta Tronoh 2.64 7.30 8.05 .12 +.10 .10 Consplant 303,000 Total Turnover: 6.40 m Total Value: MS16.97 m Falls Indices
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  • Article, Illustration
    Bonn gives hope to our exporters
    668 1  -  EASIER ENTRY INTO EEC By SOH TIANG KENG WEST Germany will look into the question of allowing easier entry of certain Singapore goods into the European Common Market. The promise was given by West German Economics Minister Dr. Otto Graf Lambsdorff to Finance Minister
    668 words
  • Article
    GSI public offer is nine times oversubscribed
    257 1 THE PUBLIC offer by General Securities Investments (GSI) of 24 million $1 shares at par was oversubscribed by 9.6 times with applications totalling $230 million. The one million shares reserved for employees of Development Bank of Singapore, parent of GSI, and its subsidiaries
    257 words
  • Article
    Talks on airline profits with Bangladesh
    626 1  -  By FONG MEW LENG SINGAPORE is considering a tax exemption proposal by the Bangladesh government that profits earned by the national airline of either country be taxed only by the respective governments when remitted. This proposal was made at a series of negotiations between
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  • Article
    Pressure on for higher prime
    245 1 THE PRESSURE Is on for a higher prime rate In Singapore. This follows a decision by Algemene Bank Nederland to raise its prime a quarter per cent to 1% per cent this Thursday. The bank will be the fifth to raise its prime. Others that
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  • Article
    UOL makes 5-for-2 offer to Merlin's minority holders
    330 1 UNITED Overseas Land is making a generous offer to the minority shareholders of Hotel Merlin Singapore in its attempts to turn the hotel into a wholly-owned subsidiary. Hie property developer is now offering five of its shares for every two of Merlin's.
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  • Article
    Earnings at OUB rising steadily
    464 1  -  By ARTHUR NG UNEXCITING though they may be, the interim results as revealed by Overseas Union Banx yesterday indicate that this smallest of the "Big Four" banks Is slowly but steadily accelerating its earnings growth rate each year. The bank this time round recorded a
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  • Article
    DOLLAR RECOVERS
    74 1 THE dollar yesterday recovered some of Its lost glamour on world foreign exchange markets after Washington's efforts to defend the battered US currency helped the unit put on one of Its best performances for several weeks. For the first time since July 31, the dollar closed above the
    74 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      27 1 Wiyfoong A feeding S hand when Wayfoong Mortgage you need and Finance (Singapore) Liihjted it tTIOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. TH: *****7.
      27 words
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      Page 1 Advertisements Column 2
      50 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant > m m i ISI tEij heiirv nnc ncErciEs pie. ltd wr ~*)9 LENGKFE ROAD SINGAPORE 3 T£ L 63 r j.~:: 5 BRUNEI AGENT RELIANCE DISTRIBUTORS 144 8 JALAN CHEVALIER. BANDARSER! BEG AW AN BRUNEI TEL
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      Page 1 Advertisements Column 3
      79 1 SHIPPING TIMES ACCOUNTING firm* switch to graduate* 2 HOW best to export to Japan 2 JAKARTA'S call sets local* shipping abuzz 5 QUESTION and answers with Malaysia's deputy PM 6 TOO much cash chasing too few opportunities FORUM: The creative executive YEO Hiap Seng is going great guns ODD man
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      Page 1 Advertisements Column 4
      62 1 KIP r i WPLAW PAPER COPYING tm When it's a question of property valuation, you need sound, professional advice to provide the answers. mi yOf PPG ft PRO J£ PPOJEC PROJECT MAN tUA M£ NT Richard Ellis C.H. Williams Loh (Pte) Ltd International Property Consultants, Valuers and Estate Agents Suite
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  • TRADE AND INDUSTRY
    • Article
      Accounting firms going for graduates
      714 2  -  By PETER CHIA THE LARGER accounting and auditing firms in Singapore are now employing fewer secondary school leavers and indications are that these firms will take in only accountancy graduates in the future. Early this year, one international firm in Singapore changed its policy to
      714 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      82 2 MR. RICHARD Ong Nai Peng, who joined Agricultural Tractors SQn. Bhd. (ATSB) as TCM Manager recently is in Japan visiting the Toyo Umpanki Company Ltd. (TCM), manufacturers of forklifters Mr. Ong, who has more than seven years of sales experience in material handling equipment has travelled extensively
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    • Article
      TRAINING PEOPLE FOR THE AEROSPACE INDUSTRY
      165 2 THE INDUSTRIAL Training Board will set up a committee with representatives from the Department of Civil Aviation and the alr-ser-vlcing industry to study the manpower structure and needs of the Industry at technician level. The board will draw up programmes to meet the manpower
      165 words
    • Article, Illustration
      Jack of all purpose
      219 2 THE introduction of a new multi-purpose jacklift to handle materials at construction sites by Boustead Engineering will help contractors achieve 80 per cent more than the average utilisation of most single-purpose machines. At a demonstration of the flexibility of the jacklift (above) attended by housing developers,
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    • Article
      Celluloid pirates beware
      497 2 PIRATED FILMS are causing Hollywood producers millions of dollars in losses but the celluloid pirates may soon face trouble with the law. Ar> organisation representing the producers has mounted a worldwide campaign to protect their film copyrights and take civil action against people who infringe them. In
      497 words
    • Article
      Lock icon Philippines earning more from coconuts
      143 2 UPI PHILIPPINES coconut exports for January-July rose by 10 per cent from last year's U*****.8 million (Ssl billion) t*****.4 million, the Philippines Coconut Authority reported. Total coconut export volume for the period was 1.2 million tonnes or art Increase of 20.5 per cent over last
      UPI  -  143 words
    • Article
      New ideas in corporate finances
      141 2 LOCAL finance directors and accountants will have an opportunity to learn and discus* new techniques in financial management at the 1978 Corporate Finance Conference to be held in London from Oct 25-77. The Institute for International Research, the organisers. said there will be 30 speakers
      141 words
    • Article, Illustration
      Yew Tee industrial estate takes shape
      399 2  -  »y RONNIE LIM SINGAPORE'S newest industrial estate along Woodlands Road is taking shape with the first phase of earthworks scheduled for completion by November. Developed by the Jurong Town Corporation, the Yew Tee estate Is earmarked for supporting industrial services and light Industries. One
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    • Article
      Electronics industry to discuss export promotion
      228 2 SINGAPORE electronics manufacturers will be Identifying and discussing problems of export promotion in the electronics industry in a four-day seminar organised by the Singapore Manufacturers' Association. The seminar will start on Sept. 18 at the Apollo Hotel. "Representatives from Government departments, statutory boards and
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    • Article, Illustration
      What exporters to Japan need
      395 2  -  By FOO CHOY PENG SINGAPORE will not gain much from across-the-board tariff reductions at the multi-lateral trade negotiations. A more effective way to increase exports to Japan is to press It to lmSrove its Generalised cheme of Preference terms. Mr. Wee Mon Cheng, Singapore's ambassador
      395 words
    • Article
      Japan buys more rubber
      53 2 JAPAN'S natural rubber imports In July rose to 33,455 tonnes from 29,201 In June, according to customscleared trade statistics from the Finance Ministry. The July total comprised 24,762 tonnes from Thailand, 5,417 from Malaysia, 2,535 from Indonesia, 320 from Sarawak, 232 from Singapore, 100 from Vietnam
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    • Article
      MEMO PAD
      416 2 COURSES AND TALKS Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-29: Marketing management, Holiday Inn, NPB Aug 12 Sept 2: An understanding of company law, SIM, SIM Aug 14 25: Income tax law and practice. SIM, SIM. Aug 14-23: Industrial heat treatment of ferrous metals,
      416 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      310 2 HSTGMSTHU Next to Katong Seavww Palace/ Upper East Coast Road. ♦Located on elevated land in Katong Luxurious split-level houses facing the sea ♦With individual front and rear gardens EAST COAST HILL stands on a 20-acre site off Upper East Coast Road which is about 195 feet above sea-level... affording a
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      642 2 II TVO-11-OK CROSSWORD CRYPTIC PUZZLE ACROSS 4 One town's fight (6) 7 Flower with a fragrant seed (5-3) 8 Time your Jump (6) 10 Talk of love and not exactly hate (5) 13 Fight Involving the RAF, mostly (4) 14 Trio composed by a novice (4) 15 Start brushing a
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  • OVERSEAS
    • Article
      Iran swoops on illegal foreign workers
      464 3 IRAN has announced a crackdown on Illegal foreign workers filling vital gaps in the country's efforts at rapid economic development. Labour Minister Amir Qassem Molnl recently announced that foreigners working without official labour permits must acquire them by Nov. 1 They and their employers
      464 words
    • Article, Illustration
      PIPE DREAMS TO REALITY
      76 3 DESIGNED to lay pipelines in rugged terrain, the fiilly hydraulic excavator shown in the photograph is manufactured by Krupp of Essen, West Germany. It can drill 300 blastholes over a 200 m stretch on a 10-hour shift. Holes drilled can reach a depth of 2.7 m.
      76 words
    • Article
      Lock icon Little change in consumer faith
      430 3 NYT CONSUMER confidence In the American economy changed very little in July, according to the respected survey of consumer attitudes conducted by the University of Michigan at Ann Arbor. The survey results showed the index of consumer sentiment rising to 82.4. up from 80 in
      NYT  -  430 words
    • Article
      RECORD INDIAN GOLD BIDS
      248 3 THE RESERVE Bank of India sold 853.1 kg of gold to 605 buyers in its ninth fortnightly auction at prices between 711 and 721 rupees (Ssl99 and $202) per 10 grammes. The auction attracted 1,932 bids, the highest for any auction, but it sold the least
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    • WORLD IN BRIEF
      • Article
        Lock icon SINO-GERMAN TRADE RISES
        498 3 Agencies TRADE between West Germany and China Increased strongly in the Orst four months of this year, Dresdner Bank reported. German imports from China rose by 18 per cent to 200 million marks (***** million) against the yearago while exports were up 100 per cent at 700
        Agencies  -  498 words
    • Article
      Tougher stand against inflation and $ slump
      412 3 Tougher stand against inflation and slump ALAN Lerner, senior vicepresident and money market economist of Bankers Trust Co reports on US credit market conditions last week: 'Attempts to stem the decline of the dollar dominated Federal Reserve activities on the credit markets. The discount rate was raised to 7% per
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    • Article
      Lock icon Carter's days getting easier
      436 3 AP PRESIDENT Carter says he is enjoying his Job more and working less than when he first became President because he has a better grasp of the Federal government and International affairs. In an interview with Newsweek magazine, published In this week's Issue, he also said
      AP  -  436 words
    • Article
      UK SHORT DATED BONDS ON SHAKY GROUND
      367 3 SHORT-DATED British government bond prices are likely to remain unsettled In the immediate term, but long-dated issues are fairly well based for the moment. Short-dated bonds eased by around 5/8 over the past week as hopes of a cut In the minimum lending
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    • Article
      Arabs on the scent of new hunting ground
      877 3 ARABS may Increase their investments in the US at the expense of Britain and West Europe, attracted by depressed prices and a depreciated currency. "I'm afraid the boom days In Britain are over," said Mr. Abdul Ghanl AlDalll, economic adviser to the
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    • Article
      Lock icon Mining the oceans
      253 3 UPI DEEP seabed mining can and must go forward whether under multilateral treaties or a single, comprehensive world-wide system for governing the oceans. The chief US negotiator at the UN Law of the Sea Conference, Mr. Elliot Richardson, said In the US News and World Report that
      UPI  -  253 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      120 3 To be more precise a better change. With the Mazda 323 three speed automatic transmission you won't miss the change. Designed to give high flexibility the Mazda 323 three speed automatic gives smooth and powerful performance in any kind of traffic or highway situation. The Mazda 323 three speed automatic
      120 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      221 4 THE Singapore market yesterday closed slightly lower with September One RSS buyers quoted at 238.75 cents per kilo, down 1.75 cents from last Friday's close, dealers said. Opening prices were marked down fractionally but the market rose latterly on some covering support and speculative and fair
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    • Article
      Closing prices
      32 4 Rubber: Aug 21 Singapore: Sept 238.75 cents (down 1.75 cent 9) Malaysia: Sept 244.50 cents (down 0.50 cent) Tin: M 51,856 (up SI) Official offering: 170 tonnes (up 5 tonnes)
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    • Article
      Coffee
      112 4 ROBUSTA futures ended yesterday's opening call steady at the decline with values £43 to £7 per tonne down from Friday. Turnover was 724 lots. Dealer liquidation which triggered stoploss selling led to the sharp decline but trade house support brought a steadier end to the call. November traded down
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    • Article
      RAS PRICES
      394 4 K A S prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int 1 H.S.S. prompt f o.b. Int 1 H 8.8. Sept lilt 1 H.S.S. Oct III! 2 H.S.S t'K ***** Int. 3R.S.S. UK font Int. 4 H.S.S. UK/*****. Int 5R S.S UK/*****. Buyers
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    • Article
      SSR AND SMR
      121 4 n»k>n ssr i iirt SMR prices yesterday: ■AS September October (Current Mth) (Forward Mth) Buyers Selller* Buyers Sellers (cents per kg) (cents p ■er k«) SSR20 (1 —ton pallet) 214 50 216 50N 215 50 217.50N SSR50 (1 —ton pallet) 212 50 214 50N 213 50 215
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    • Article
      Cocoa
      148 4 TERMINAL cocoa traded down to €40 limit decline levels at the first call basis near Sept at £1,772 per tonne yesterday In London. But short Covering and possible trade price fixing lifted values so as to reduce end-call losses to £30.50 to £8 per tonne. Dealers said the market
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    • Article
      Sugar
      108 4 SUGAR futures finished in London yesterday the first call with losses fom Friday of 1'0.60 to £0.80 although prices were fractionally above the lows. Dealers said sentiment was partly influenced by the producer selling by Colombia and Peru last Friday. Both the London daily raws and whites prices were
      108 words
    • Article
      Copper
      122 4 LONDON copper wirebars showed gains yesterday of £6 per tonne for cash and £4.50 for Three Months. Dealers said values edged higher in early dealings aided by the further fall of 3.025 tonnes to 460.275 tonnes in LME stocks last week and the easier trend in sterling against the
      122 words
    • Article
      Rice
      204 4 BANGKOK rice in US dollars per tonne fob basis yesterday; While Rice: 100 pet Ist class 397. 100 pet 2nd class 382. 100 pet 3rd class 377. 5 pet 372 10 pet 347. 15 pet 342. 20 pet 342. 25 pet 327. 35 pet unq. Broken: A-L Super 187.
      204 words
    • Article
      Produce exchange
      221 4 COFFEE prices maintained their upward movements on the Singapore produce market yesterday, dominated as It was by the Brazilian frost scare. Dealers said confirmation that Mexico had raised Its minimum export registration price contributed to the overall market strength as did continued nervousness over the Brazilian cold spell.
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    • Article
      Hongkong Comex
      153 4 THE sugar market closed yesterday about 0.05 US cents lower in continued quiet trading, with six lots traded against 12 on Friday, dealers said. The Hongkong dally spot sugar price eased 0.05 to 6.95 cents. Sugar futures closing prices: Pre* CUg dig Sep 6.90/95 6 94/96 Oct 6.92/95
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    • Article
      Zinc
      75 4 ZINC ended yesterday morning ring £1.75 down for cash and £1.50 lower for Three Months in London. The market generally followed the trend of copper. Three Months traded up to £329 on the pre-market, a gain of around £2.50 per tonne before falling back in the ring. Selling pressure
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    • Article
      Lead
      71 4 LEAD ended yesterday morning ring £1.25 down for cash and £1 per tonne lower for Three Months in London. Values generally followed the trend in copper with pre-market gains of up to £2.50 per tonne wiped out in the ring by selling, mainly from an influential quarter, and lending
      71 words
    • Article
      Lock icon Coconut oil
      83 4 Reuter THE Indonesian government is planning to import 30.000 tonnes of coconut.oil within the next two months to meet the growing shortage of the commodity, a Trade Ministry spokesman in Jakarta said. About "3.000 tonnes have arrived on the Japanese ship Fujika Maru from the Philippines and would
      Reuter  -  83 words
    • Article
      SPOT PRICES
      200 4 YARN and cotton In Hongkong dollars, spot exgodown: (o(ion Yarn China: Blue Phoenix 20 s 1.185. 32 s 2.430. 40 s 1.600. (per bale of 400 lbs.) Piece Goods China: Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq.
      200 words
    • Article
      Silver
      155 4 SILVER yesterday lost 1.7 pence per troy ounce all round in London. Values were marked down in the early pre-market on the declines in New York and the fall in gold, dealers said. The market later steadied partially under bear covering with easier sterling against the dollar alsb providing
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    • Article
      Lock icon Australian Wheat Board refrains from comment
      320 4 Reuter IT IS too early for the Australian Wheat Board to make a forecast of the 1978/79 crop, a board spokesman said from Melbourne. He was asked to comment on a US Agriculture Department world wheat report, stating the boar<>had forecast a 12 to
      Reuter  -  320 words
    • Article
      Straits tin
      152 4 THE Straits tin price In Penang yesterday rose a further MSI per plcul to $1,856. Sentiment was largely aided by the continuing low supplies of tin metal from miners and further strong buying support from the local and US market. Turnover rose slightly to 170 tonnes from 165
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    • Article
      Gold
      232 4 THE kilobar In Singapore opened at S$ 14,965 yesterday and closed higher at 5515.014. Prices were generally higher after opening due to the steady rise In the USJ/SS exchange rate. The tone of the market was steady but quiet. Spot gold for London delivery opened at U*****.00/30 and closed
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    • Article
      Lock icon Platinum and gold touch new peaks
      1208 4 AFP LONDON: Gold was again the main attraction on the commodity markets last week, spurting to new record levels In highly jittery conditions. Elsewhere the seasonal quietness was punctuated by rapid adjustment of prices to keep abreast of the volatile movements on the foreign
      AFP  -  1,208 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        576 4 THE US dollar, supported by an increase in US discount rates and President Carter's Energy Bill back In Congress again, climbed against major currencies on the foreign exchange market yesterday. Against the yen, the US dollar opened at 189.05/15 and made its way back across the 190 level
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      • Article
        Asian $ & CD rates
        141 4 Asian CD rates ASIAN currency deposit rates as at close oil interbank U8 Dollars (8 Offer Bid iillgtf 7/1# as/a ais/i« 3/16 91/« S». Fh. IwMb 81/8 8 vie 81/2 aivie 91/18 l/ie 91/8 Dm, 1 mth 3 rnths 8 mths 12 mths 3/8 va i 11/8 31/8 33/8 3
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      • Article
        Discount
        46 4 P"ces Offered by dls count houses on Auc 21 OwiMglil 3 5 /8S Cll deposit 3 J/8% jVl (iMur Bu> w( Selling 3-Month Treasury bills 39/16 37/16 3-Month Bulk Mils «3/16 61/16 3-Month CD 69/16 67/16 6-Month CD 6S/6 61/J Source: National Discount Co Ltd
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      • Article
        London
        214 4 THE dollar rose across the board at the opening here yesterday, but business was small as operators reserved judgement on US moves to brake the currency's decline, dealers said. The dollar was quoted at 2.0020/35 marks from Friday's 1.9890/9920, at 1.6580/6610 Swiss francs against 1.6375/6475 and 190.50/65 yen, slightly
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        Tokyo
        133 4 THE US dollar for overnight delivery closed sharply higher at 190.20 yen yesterday, compared with a 189.00 opening and 186.05 at Friday's close, dealers said. The dollar rose in active late trading to 190.50 yen at one point, following its advance in New York last Friday when the Federal
        133 words
      • Article
        MLR
        21 4 THE average rale at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        Hongkong
        135 4 THE US dollar firmed against major currencies In nervous, late trading yesterday. The dollar rose to 2.0015/30 marks from Friday's 1.9935/45 New York close after opening lower at 1.9900/10 and to 190.10/30 yen in line with Tokyo against 189.60/70 in the US on Friday and its 189.00/10 opening here.
        135 words
      • Article
        Euro $ rates
        55 4 Euro rates EURODOLLAR deposits opening quotes yesterday Overnight Tues/ Wed 8-3/18. 81/16 „X e< l T^ rs and two day* 8J/10. I*l/11 Seven days fix and notice 8-1/4 81/8 One mths 8-7/18. 8-5/18 Two mths 8-5/8. 8-1/2 Three mths 8-IS/16. 8-13/18 Four mths 8-7/8. 8-3/4 Five mths 9-1/8. S-15/16 Sl*
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      • Article
        Australia/NZ
        62 4 AUSTRALIA NZ exchanges quotes yesterday US dollar 1 1539/ 1.1491 Sterling 0 5981/ 0 5880 Ninety-day air mall buying rate* Sterling 0 6151 US dollars 1.1871 Ninety-day forward buying rates Sterling 0 5971 US dollar 1 1480 NEW ZEALAND Sterling 0 5445/ 0 5416 US dollar 1 0599 1
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      139 4 The Love of ooking 7 t Kenneth L\ Kenneth Lo, the well-known Chineee cookery writer, introduces the reeder to the techniquee of Chineee cooking, and glvee an Insight Into their unlquo way of aatlng. Beginning with almpla onedish main courses, he progrinn through popular •oupe to deeeerts, giving the cook
      139 words
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      Page 4 Advertisements Column 2
      36 4 s INSTITUTE Of SUCCESSFUL LEADERSHIP 7-t Am**? Mimiini, lomi 1, (2nd FUor) Orchard (*W. Sinmtrt 343-963 SSI na lis! INSTITUTE Of SUCCESSFUL LEADERSHIP (4#fc "mtl, H« M««f Knot* Lnm»w,. 02-Ta, T<i»liiiii 24-753 Ill'W'Jm vWIBI 0 CD
      36 words
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  • TRANSPORT
    • Article, Illustration
      Indonesia's call sets local shipping abuzz
      528 5  -  By CHAN BONG SOO INDONESIA'S expressed need to ship West Asianbound cargo via Singapore has opened up new vistas for Singapore's shipping and trading communities. As It will certainly mean more business for the local freight market, shipping companies and agencies will stand to
      528 words
    • Article
      Miri lightermen may increase handling fees
      198 5 THE Miri Lighters' Association of Sarawak might be forced to raise its handling charges for freight because of the continuing wharf congestion in Miri. The association has complained that after a decade there has been no real improvement to the waterfront facilities. The wharf
      198 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      656 5 ARRIVALS Service > Local Operator Number Time From MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005 HLP GIA GA980 1030 HLP MAS MH605 1045 KUL SIA SQ103 1045 KUL SIA SQ209 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1125
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    • Article
      Final report on deepening Penang port
      306 5 THE final report of the engineering feasibility study on deepening the north channel approaches to the Port of Penang Is expected to be completed by the end of this month. The commercial and public relations officer of the Penang Port Commission. Mr. Yeap Chong
      306 words
    • Article
      Special Hari Raya flights by MAS
      127 5 SPECIAL Harl Raya flights by Malaysian Airline System will be made from Kuala Lumpur to Penang, Kota Baru and Johore Bahru. A special one-way fare of Ms 46 will be charged. This is $25 cheaper than flights to Penang and Kota Baru and $18
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    • Article
      Lock icon Japan in tri-partite jetliner venture
      261 5 AFP A JAPAN-US-Italy joint development plan for a new jetliner is ready to start soon with the first flight targeted for 1981. According to Japanese sources, Boeing Co. of Seattle and the Civil Transport Development Corporation, a joint venture of Japanese aircraft manufacturers, have agreed
      AFP  -  261 words
    • Article
      Lock icon PAL blast may not be sabotage
      230 5 Reuter THE Philippine Civil Aviation Administration (CAA) yesterday said that It Is investigating possible structural failure as a cause of last week's mysterious blast aboard a Philippine Airlines BAC 1-11 rather than dellberate sabotage as first thought. One passenger, said by investigators to be
      Reuter  -  230 words
    • Article
      Lock icon Idle tonnage a record high
      141 5 Reuter WORLD merchant tonnage laid up for lack of employment at the end of June increased to 57,013,000 dwt, a new high, compared with 56,047,000 dwt in May. According to the General Council of British Shipping, the figures comprised 395 dry cargo ships of 13,492,000
      Reuter  -  141 words
    • Article
      Aviation policy
      42 5 US TRANSPORT Secretary Brock Adams gave a new briefing on the administration's international aviation policy yesterday. No details were given, but Mr. Adams said earlier Ifest week the administration was engaged in several overseas negotiations to revise air transport agreements.
      42 words
    • Article
      Thursday D-day on strike decision
      120 5 THE conciliation meeting between Malaysian Airline System (MAS) and Its employees union over the latter's decision to go on strike on Sept. 1 failed. A MAS statement said the union had requested that it be given until Thursday to reconsider its stand on the proposed
      120 words
    • Article
      Lock icon Stevedores in boycott
      60 5 Reuter VENEZUELA'S La Qualra longshoremen have decided to boycott the country's ports, their union secretary Asdrubal Salazar said. The decision, which went into effect yesterday, was taken at a meeting between the longshoremen and the Venezuelan Committee of Solidarity with Chile. La Gualra handles mainly Venezuelan Imports
      Reuter  -  60 words
    • Article, Illustration
      SHIPS IN PORT
      382 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge S-32 0700 35 Barge Sin Llan Huat No. 1 (0700 36 Kraslca (2300 46 Loon Sheng (0600 23/24 Monte Rosa (2000) 10 Perils (1300 21 West Saga Maru (0200 44 Tutong (0600) 22 Yue River (1100 29/30 PASIR PAN JANG WHARVES
      382 words
    • Article
      Plastic lighthouse
      88 5 A PLASTIC lighthouse will be installed at a fishing port on Japan's northern-most island of Hokkaido, it was reported yesterday. The lighthouse developed by the Maritime Safety Agency, weighs only one third of the conventional ferro-concrete type and is much easier to Install or move In case It
      88 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      74 5 The Offer for Sale has been completed, and this announcement appears as a matter of record only. GOLD COIN (MALAYSIA) BERHAD OFFER FOR SALE BY GOLD COIN LIMITED 4,500,000 ORDINARY SHARES AT M 51.05 EACH MANAGED BY ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD UDA MERCHANT BANKERS BERHAD UNDERWRITTEN BY ARAB-MALAYSIAN DEVELOPMENT BANK
      74 words
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  • Article
    Mahathir hits the nail on the head
    715 6 IN COMPLAINING about the bureaucratic manner In which industrial and business licences and permits are being Issued in Malaysia, Dr Mahathir has brought up an issue which is vlt* to the Federation's longterm economic development. The problem is an understanding of what Malaysia's
    715 words
  • Article, Illustration
    A promise to set right mistakes
    1998 6 MALAYSIA'S POST-ELECTION POLICIES This is the full Question-and-Answer text of Malaysian Deputy Prime Minister Dr. Mahathir Mphamad's recent interview with Business Times in Malaysia on his government's post-election policies on business and industry, in response to a written questionnaire. As promised in the ruling
    1,998 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      299 6 to wine and I It SHacfevouit? A perfect complement to any meal. VN AhoHkt quality prodaci from 405/407 Havelock Road, B'poro 3. Tal: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and hlsKlds, Constellations, Sonny Bala Moonglows, The Green
      299 words
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      Page 6 Advertisements Column 2
      22 6 ftaiMq Ti <F I EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      22 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      54 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning Report for 24 hours prior to 7.30 pm on Aug 21 at the airport: Maximum Temperature 29-* Associated Humidity Minimum Temperature Associated Humidity Hours of Sunshine Rainfall in Millimetres Total Rainfall for the Month Total Rainy
      54 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      280 6 SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.25 Diary of Events (English) 0 3.30 Afttemoon Matinee Jumping Jacks (Pt. 2) Starring: Dean Martin, Jerry Lewis, Mona Freeman, Don De Fore 4.05 Science Report 0 4.20 Intermission 6.05 Opening announcements followed by Fables Of The Green Forest
      280 words
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  • Article
    Too much money chasing too few opportunities
    1592 7  -  UK pension funds and financial institutions are estimated to own just oyer 50 per cent of all quoted stocks and, by the turn of the century, this could have risen to around 90 per cent as the private investor is steadily eliminated from
    1,592 words
  • Article, Illustration
    STRAWS IN THE WIND
    519 7 are some interesting and weighty deductions to be ,"aH° from the superficially entertaining cartoon-chart featured on Business Times back page, page 12, yesterday the heading read "Working by the Hour" and the chart produced by a German information agency, depicted in toon-form the workers of selected
    519 words
  • Article, Illustration
    Timber town a cut above the rest
    434 7 LIFE in this timber camp in Luatong, 110 km from Tawau, in Sabah, is not as rough and tough as one might expect because this is a timber camp with a difference. Most camps are temporary, serving only as long as it takes
    434 words
  • Article
    Are you a creative executive?
    858 7  -  (FORPM f ...OD management •r TERESA LIM TAKE 10 coins. Arrange them in the shape of a cross. There is only one condition you must be able to count six coins vertically, and six coins horizontally. But other than this, there are no holds barred.
    858 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      283 7 ft v. --v 1 */i Enchanted evenings in fine European tradition. MirabeUe £4^ f All the ingredients for an enchanted evening are here at Mirabelle. Romantic > candlelit jetting with gentle musk from strolling minstrels Vintage wines to go with superb French cuisine (our chef recommends Rowtte of Beef Prince
      283 words
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      Page 7 Advertisements Column 2
      66 7 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads. Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Roud. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL 585, Orchard
      66 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      52 7 BriStc^:P^2ilcl)ickfiDS so Tne SesT toompiN loon ,elh 9 <2£s FLeTcHeR. is mouj u&ad fVXOOMTS.. j XX 5He IS— PiND SMC s HP\ll HPvve, cot^ierc SUPPORT. 7 I CPiN'T I'm NOT J>»TTGJ2LNJ .BUT Ty-\fu'S Tue U**y pv«. cooKe CRur^Bues. IN P> l'n 6LPD v sue UOJ I CPrTT 6GAR To See
      52 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Export issues shine
      448 8 TOKYO THE market was bullish yesterday. Encouraged by weakness of the yen. most export-related issues went up on small-lot purchases. However, trading volume was extremely thin throughout the market. The market opened strong, centering on electrical/ electronic issues, favoured by the US expected overall dollar defence measures,
      448 words
    • Article
      Manila
      105 8 Ai'<; 21 Pesos Acoje Mining on -0 0005 Atlas Can. A Atlas Con B 24 10 -0.3 BuguioGold 012 0 0005 Benguet Con. B 41 00 -1.25 BK Goodrich IDl'P 26 50 unch Into 11 Uindoil .0135 +0 0015 l.rp:into B 2550 -0 01 MarinduqueB 6 80 -02 Meralco
      105 words
    • Article
      Bangkok
      221 8 Aug 21 Baku Bangkok Bank 378 Bank of Ayudhaya Ltd 272 Thai Danu 392 Thai Farmers Bank 372 Thai Commercial Bank 697 Bangkok Metropolitan Bank unq Industrial Finance Corp 2.455 General Finance 302 Bangkok Investment 324 First Trust 290 Raja Finance unq Lee Kwang Ming Trust 267 Thai Insurance
      221 words
    • Article
      Selected indices
      30 8 H.K. HANG SENG Monday 657.00 Friday 680.12 Week Ago 631.54 SYDNEY INDUSTRIALS Monday 450.05 Friday 449.63 Week Ago 442.82 ALL ORDINARIES Monday 535.96 Friday 535.99 Week Ago 522.67
      30 words
    • Article
      Offers for food processors intensify
      1110 8 THERE PERSISTS in the land a great hunger for pineapple, orange Juice, string beans and applesauce and men such as Colin Stokes, Paul Sticht, and William Johnson can confirm it. In fact, they're betting on it with millions of dollars of their companies' money which
      1,110 words
    • Article
      Lock icon Forest industry stocks come under scrutiny
      772 8 NYT WALL STREET analysts are appraising prospects for forest industry stocks, a group that is heavily dependent upon the housing industry, as investors start to peer across next year's predicted downturn in housing starts. And. for the most part, analysts find the view encouraging.
      NYT  -  772 words
    • Article
      Lock icon Novel way of raising stake without cash
      658 8 NYT HOW DOES a company increase its interest in a subsidiary without using cash? Ask City Investing. Until fairly recently City Investing, a conglomerate, owned 59 per cent of GDV Inc., a real estate holding company that owns General Development, Florida's largest community
      NYT  -  658 words
    • Article
      Lock icon Hongkong
      409 8 Source: SHK Sec THE Hang Seng index fell more than 23 points yesterday as foreign sellers and a weak market In London on Friday Induced some locals to take profits. A higher prime rate in .Singapore (7.7 per cent) led to fears of a one per cent rise in
      Source: SHK Sec  -  409 words
    • Article
      Sydney
      384 8 THE market closing yesterday was interrupted for about 15 minutes by anti-budget demonstrators wjio tried to break their way onto the trading floor. BHP closed two cents higher ;it A 58.16 after trading down to M 12. while among coal stocks. White Industries rose 18 cents to 53.11 while
      384 words
    • Article
      Lock icon Nasdaq composite index may hit new record
      796 8 NYT WHILE the Dow Jones industrial average, the stock market's most closelywatched indicator, stands well below its all-time high, the leading barometer of the over-the-counter market keeps knocking on the door to a possible record. This barometer is the Nasdaq composite index, which
      NYT  -  796 words
    • Article
      Lock icon Bellwether, Dow theories flashing bullish signals
      903 8 NYT TWO of Wall Street's best known systems used to forecast the possible direction of stock prices the Dow theory and the General Motors' Bellwether Theory currently are flashing bullish signals. History has shown that these theories, like just about everything else where the
      NYT  -  903 words
    • Article
      Lock icon LONDON EXTENDS OPTIONS LIST
      150 8 Reuter THE LONDON Stock Exchange will introduce five more British companies to its options list from Sept 18. A stock exchange spokesman said the five new com* Glee to boqwMoa are HOC International Ltd, Boots Co EMI Ltd, Imperial Group Ltd and Bio Tin to Zinc
      Reuter  -  150 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      182 8 WISE TRAVELLERS CHEQUE THEIR CASH £20 ci^ Y b^ r 0 Cl-^ S *JU» Take Barclays travellers cheques wherever you go whenever you go. They're welcomed throughout the world. Safer than cash. A world-wide network of refund agents help you in case of loss or theft. Available in US dollars
      182 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Peugeot races at full speed ahead
      1987 9 EUROPEAN h 4 FT FIVE years ago, when JeanPaul Parayre sat in a French government office, a whizz-kid technocrat in his mid-30s with a special brief to look at the motor industry, the Peugeot company was very much number two. It" was well-run, wellequjrfped
      FT  -  1,987 words
    • Article
      Wool worths performance on the rise
      287 9 SYDNEY: Chain store operator. Woolworths Ltd. reported an unaudited consolidated operating profit of AS 12.53 million ($lO 53 million) for the halfyear ended July 26 on turnover at $796.87 million (568!).43 million) and other income of 51.74 million (51.68 million) Profit is after tax
      287 words
    • Article
      Hang Seng Bank
      63 9 HONG-KONG: Hang Seng Bank Ltd has announced an interim 1978 dividend of 90 cents (HKI) on capital raised by two-for-five bonus issue. Books close on Sept Ito 9 inclusive. The company is a Hongkong and Shanghai Banking Corp Ltd subsidiary. First half 1978 consolidated net profit came
      63 words
    • Article
      CRA withdraws bid for Cail
      169 9 MELBOURNE: Conzinc Riot into of Australia Ltd (CRA) said it withdrew its application to the New South Wales (NSW) government for approval to lift its shareholding in Coal and Allied Industries Ltd (Cail) to 50 per cent from the present 13.8 per cent CRA said
      169 words
    • Article
      Wheelock Marden payout
      130 9 HONGKONG: Wheelock Marden and Co Ltd announced a final dividend of 9.scents per "A" share (7.5) and 0.95 cents per "B" share (0.75). plus cash bonus 2 5 and 0.25 cents respectively, (same) making totals 17 cents (15) and 1.7 cents (1.5) respectively, for the year ended
      130 words
    • Article
      Lock icon SONY SILENT
      87 9 Reuter TOKYO: Sony Corp of Japan declined comments on a Japanese press report In the Mainichi. Japanese dally. that Prudential Insurance Co of the US plans to break into the Japanese market by establishing a joint venture firm with Sony. The Mainichi reported top level Prudential officials are
      Reuter  -  87 words
    • Article
      Lock icon Lepanto buoyant
      57 9 Reuter MANILA: Lepanto Consolidated Mining Co said Its consolidated first-half 1978 net income came to 27.4 million pesos (22.6 million). Consolidated revenue at 162 million (140.4 million). The company president, Mr. Carlos Palanca, said Lepanto will consider in the next few months, resumption of cash dividend due to
      Reuter  -  57 words
    • Article
      Lock icon Royal Insurance recovery continues in first half
      182 9 Reuter LONDON: .Royal Insurance Co Ltd chairman Daniel Meinertzhagen said the underwriting recovery in the US continued in the first half, producing a turnaround to a profit ot toy million from a 16.8 million loss at the same time last year. "This was
      Reuter  -  182 words
    • Article
      Lock icon BMW EXPECTS TURNOVER TO RISE
      138 9 Reuter MUNICH Bayerlsche Motoren Werke AG said it expects increased turnover and satisfactory profit for 1978 after announcing a first-half parent company 18.6 per cent turnover increase to 2.98 billion marks. It said in its interim report that demand for cars should remain at the
      Reuter  -  138 words
    • Article
      Lock icon Toyota, Nissan export results mixed
      495 9 f ASIAN A Reuter TOKYO: Japan's two largest vechicle manufacturers. Toyota and Nissan, reported mixed export results for July. Tokyo said its exports In July fell 2.3 per cent to 122.890 vechicles compared with June, while overseas shipments by Nissan rose nearly 3 per cent
      Reuter  -  495 words
    • Article
      Lock icon Commercial Banking up
      307 9 Reuter SYDNEY: The Commercial Banking Co of Sydney Ltd said an audited consolidated profit of A 57.18 million (compared with $619,000) for the year ended June 30 on revenue of $162.48 million ($131.47 million) was made. Profit is after income, land and other tax $7.57 million ($733,000)
      Reuter  -  307 words
    • Article
      Lock icon Investors rush to Atlantic City now
      826 9 N.AMERICAN FT MR JAMES CROSBY, the craggy chairman of the Resorts International gambling concern who is making over half a million dollars a day at his new Atlantic City casino, is bullish about the gambling industry's future even though everyone from Playboy to the
      FT  -  826 words
    • Article
      Latest network by ITT
      133 9 INTERNATIONAL Telephone and Telegraph Go said it inaugurated a new telephone service for interoffice business communications called Switched Private Network Services Inc. The new service will enable business and government users to establish their own private interstate telephone network. ITT sai<l Planning for the service began
      133 words
    • Article
      Lock icon Shenandoah goes ahead with sale
      177 9 Reuter SHFNANDOAH Oil Corp said its board decided to proceed with a sale of its assets. The company said it exjiects shareholders to realise more from the sale than many reasonably expected to be obtained through the normal market for the company's stock S he
      Reuter  -  177 words
    • Article
      Lock icon Alcan Alum, accord
      95 9 Reuter ALCAN Aluminium Ltd said it reached agreement in principle for Granges AB of Sweden to acquire its 21 per cent interest in Granges Essen 1 AB for about USS26 million Alcan said the final agreement 4s subject to review and finalisation of existing agreements, and is
      Reuter  -  95 words
    • Article
      Lock icon MASSEYFERGUSON WINS IRANIAN ORDER
      98 9 BONDS LOANS] Reuter TORONTO: Massey-Fer-„ guson Ltd said it received: orders worth US$7O to supply components over" the next year for tractors tQ, be built by Irlin TractorManufacturing Co (Jtrnco)' in Tabriz. Iran Massey-Ferguson the tractors are in the 45 to 71 horsepower category and most
      Reuter  -  98 words
    • Article
      Lock icon More CDs by Tokai Bank
      70 9 Reuter TOKYO: Tokai Bank Ltd of Japan said it plans to float more CD issues to raise Eurodollar funds for use in syndicated loans to be supplied in the latter half of H this year. Last Monday, the bank, issued a three-year US$25 million floating
      Reuter  -  70 words
    • Article
      Lock icon CITICORP FINANCE
      70 9 Reuter NEW YORK: Citicorp International group and Banco Central Del Uruguay completed a L'.SSIOO million loan to finance part of the costs of a hydro electric project! on the Rio Negro. Managers of the loan, led by Citicorp, include Banco De La Republica Oriental Del Uruguay. Euro-Latin American
      Reuter  -  70 words
    • Article
      Lock icon Nacional de Vialedad
      61 9 Reuter LONDON: Direction Nacional de Vialedad of Argentina is raising a US$7O million 10-year syndicated Furoloan with a spread of 7 s per cent over London interbank offered rates throughout and a five-year, grace period. Primary banking sourcessaid the loan, which is now being syndicated, is jointly
      Reuter  -  61 words
    • Article
      Lock icon Toronto Dominion
      32 9 Reuter TORONTO. Toronto Dominion Bank said it signed a medium-term USSSO million Eurodollar loarlj; agreement with Petroleosi Mexicanos (Pemex), the Mexican state oil company. Terms were not dis-,', closed. Reuter.
      Reuter  -  32 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      145 9 NOW in FONTAM Paperback 9 HIS MAGNIFICENT BESTSELLER OFAGREAT HONG KONG FAMILY Hi ROBERT ELEGANT > jT l A v THE SEKLOONGS "Power and poignancy descriptive brillance." CHICAGO TRIBU are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the
      145 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1613 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." Big Board deal
      1,613 words
    • Article
      Government bonds
      61 10 0 3 f 4 J ,WMt <25ooo °)< 12 <250,000) (99.548 9 9.000 4 J/4% 15/9/80 (250,000) (100.008 100.158) T F 1/5/83 (250,000) (100.208 100.358) (iSSwf IV B, W (250 000) 7* 1/8/85 250.000) (100.708 100.858) 7 1/4% 15/4/86 (250,000) (100.75B) 7 1/4% 15/18/86 250.000) (100.75B) 7 1/4%
      61 words
  • Article
    SHARE INFORMATION SERVICE
    2502 10 1978 High Low Company Last Sale lir DKr Div ■for- C'vr SECTION ONE Gr'a Net YTd P/E Vol Day C8M) High Low industrials 256 238 172 219 260 83 276 322 214 565 132 Acma 254 +2 123' Alcom 234 112 Allied Choc 151 -4 133 BAT
    2,502 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TRUST INCOME BOND UNIT prioi The Commerce... for Aug 23) ICuml p lie—) 2.33 2.47 INCOME BOND 1.07 1.13 The 8avtng Fund 1 47 1.9# S pore Prat Fund 1.13 1.20 MARA BUMIPUTRA FUND S poreSecurlty 2.00 2 l2xd (Muufari' prica* First Bumtputra far Am 3
    146 words
  • Article
    In Kuala Lumpur
    2179 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 specified. INDUSTRIALS Acma (2 458). AJinamatp (2 SOB 2.858) A learn (2 488). A
    2,179 words
  • Article, Illustration
    Profit-taking hits shares
    985 10 THE Stock Exchange of Singapore hit soft patch yesterday when profit-tak-ing and some nervous selling set moot share prices drifting lower. However, the undertone appeared to be still bullish. Although gains were scarce, some stocks soon found their support levels. By the closing minutes of trading, steadier
    985 words
  • Article
    KL succumbs to selling pressure
    680 10 i SELLING pressure forced prices to retreat across a [> fairly broad front on the i> Kuala Lumpur stock market yesterday. The 1 volume was also reduced, reflecting a slightly cautious market. A total of 6.40 million units worth M 516.97 million o was transacted
    680 words
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  • COMPANY NEWS
    • Article, Illustration
      Something to chew about
      641 11  -  By MANO SABNANI STOCKMARKET punters who hold the belief that the boom -bust days of 1972/73 will never be repeated again may have to change their jfiews before long if the ■current bullish fervour per- sists. Already, another Singapore* based counter, Yeo Hiap Seng has passed
      641 words
    • Article, Illustration
      Lock icon The odd-man out is Wall Street
      1512 11 The Eco nomist OVER the past fortnight, nearly every stock market in the world has hit a new peak for the year. The gold price has also reached a record high, while the dollar has been plumbing to new lows against the D-mark, the
      The Eco nomist  -  1,512 words
    • Article
      DIVIDENDS ANNOUNCED
      274 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year Pegi Malaysia I'td Malacca M Cement Laland and Pen Pan Electric S. Darby Usee Loan Stk M Tobacco Berjuntai L. Perak B. Kawat UOB Alex Hldgs Bata Paper Prod SelProp Highland! and
      274 words
    • Article
      SCRIP ISSUES
      103 11 Company Particulars Ex Date Books Close SeatoM Great Eastern Life M'aia Feedmills Synthetic Retina Faker Merlin Bonus Issue of 1 for 4 Bonus Issue of 1 for 2 Rights Issue of 1 for 4 @$1.00 per share Rights Issue of 2 for 5 Ail.00 per share Rights Issue
      103 words
    • Article
      Goodyear prepares for good years ahead
      182 11 GOODYEAR Malaysia Berhad expects to increase its workforce by 250 to.BBo when its current US$35 million (5580.5 million) expansion project is completed. In a statement, the company said its annual production of rubber products was expected to increase from 9,513,000 kg to 14.850.000 kg
      182 words
    • Article
      COMPANY MEETINGS
      214 11 AMCOL Electrical Industrie* Ltd: AGM to be held at 7, Kampong Kayu Road, Singapore at 12 noon on Aug 24. Berjaya Kawat Berhad: AGM to be held at Jalan Utas, Shah Alam Industrial Estate. Shah Alam Selangor. at 9.30 a.m. on Aug 26. Sentosa Plywood Berhad: EOGM to
      214 words
    • LATEST RESULTS
    • Article
      Palm output hits High and Low
      528 11  -  INTERIM DIVIDEND LOWER Br LOW LEE CHOO TRUE TO market expectations. Highlands and Lowlands suffered an earnings setback at the Interim stage in reaction to the marked reduction of Its oil palm yields which were adversely affected by the previous year's severe drought. Estimated
      528 words
    • Article
      International Wood optimistic
      664 11  -  By JIMI NGOH BETTER results for International Wood Products for the current year can be expected if the upturn in the plywood and veneer market continues, chairman Lim Yong Wah says In his report to shareholders. Boosted by a marked improvement in general market conditions and the
      664 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      425 11 ft »■*£»> UNITED OVERSEAS LAND LIMITED (INCORPORATED IN TMf REPUBLIC Of SINGAPORE noMm jzm JSP§? HOTEL MERLIN SINGAPORE LIMITED (INCORPORATED IN THE REPUBLIC O* SINGAPORE) ANNOUNCEMENT The Directors of United Oversees Land Limited ("UOL") and Hotel Merlin Singapore Limited HMS announce that agreement relating to the proposal, whereby HMS A
      425 words
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  • Article
    Lock icon KL expands preferential items by 150
    389 12 Agencies MALAYSIA has offered to extend preferential treatment for another 150 items of Asean goods under the preferential trading arrangements (FTA) from next month. Announcing this yesterday, Deputy Prime Minister and Minister of Trade and Industry, Dr. Mahathir Mohamad hoped that Malaysian exporters and
    Agencies  -  389 words
  • Article
    Saudis face prospect of payments deficit
    1050 12 ARAB sources say Saudi Arabia may see a payments deficit this year a prospect that would reverberate through Opec during Its crucial deliberations on ending the 18-month freeze on world petroleum prices. The worldwide oil glut, the slowing economies of Industrial countries, rampant inflation
    1,050 words
  • Article
    Lock icon Hongkong dollar is roughing it out
    466 12 UPI INCREASING trade deficit and the 30 per cent fall of the US dollar against the yen are to blame for the sliding value of the Hongkong currency, once one of Asia's strongest. The colony's trade deficit is at HKS4.9 billion (about 552.4 billion)
    UPI  -  466 words
  • Article
    HK as Bangladesh trade base
    101 12 BANGLADESH Is exploring the possibility of using Hongkong as a centre for the expansion of two-way trade with the Asia-Pacific region. It was learned that this is the main thrust of the current presence in Bangladesh of a delegation led by joint secretary of the
    101 words
  • Article
    Lock icon FASTER WRITE-OFFS ?
    369 12 FASTER WRITE-OFFS Reuter UPI A SUBSTANTIAL increase in capital investment is needed to break the cycle of cost-push inflation in the US. Federal Reserve Board chairman William Miller urged that businessmen be allowed faster tax writeoffs on facilities and equipment as an incentive for such investment. "We have been underinvesting
    Reuter; UPI  -  369 words
  • Article
    LONDON STOCKS
    812 12 LONDON. Mon. Gold shares fell by up to U551,125 today, following the sharp fall in the bullion price, dealers said. However, other equities showed moderate gains, partly on encouraging weekend press comment on the market's near term prospects, and at 3 p.m. the Financial Times index was up
    812 words
  • Article, Illustration
    Soxal's plants to cost $14m
    343 12 SOXAL (Singapore Oxygen Air Llquide) will spend another $14 million installing two new high purity nitrogen plants within the next 18 months. In February it spent $6 million extending Its Jurong plant. Disclosing this yesterday, company managing director, Mr B.C. Green, said the first plant,
    343 words
  • Article
    NATURAL NON-TOXIC WAY TO RID PESTS
    334 12 SOXAL has also given fair warning to the bugs of Singapore to beware by announcing that it la to market a new method of pesticide control. The company is to expand its Special Gases division over the next year and to launch ito new
    334 words
  • Article, Illustration
    PUB capital spending at a record $402 m
    539 12  -  By RONNIE LIM WITH THE Public Utilities Board's all-time record capital expenditure of $402 million last year, almost 100 per cent more than 1976, Its debt service coverage ratio has been trimmed to 1.77. The debt service coverage a measure of the
    539 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      187 12 Chip Putt golf course Floodlit Tennis courts and practice court Squash courts Swimming pool Sauna baths Clubhouse with billiards/recreation room r r S ii I* Bedrooms Ardmore Parle, in a splendid setting of greenery and tranquillity close to Orchard Road, is undoubtedly one of Singapore's most attractive and exclusive developments.
      187 words
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  • Article
    SHIPPING TIMES
    4088 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destlnaUon the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. t Consort in ma SeanDpteh Has a
    4,088 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      389 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents: Barter Linas Singapore P»o Ltd Tat: ***** Harrisons 4 Crosfiatd Kuala Lumpur Tat: *****/59 Pernas-MISC Panang Tat: ***** SHIPPING SANKYO LINE| AUSTRALIA SERVICE P. Ketanf Sinfaport Loading for: MAYCARP 27/21 A«g 25/26 Aug wei MEI SYD PARADISE MOON 15/16 Sept 17/11 Sofit
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      365 13 TRANS-CLINE Express full container service to/ from European inland destinations with 21 days transit Mvacasttr CASTLE V 5/W 2i htf chai mu v.t/w j s* THMAVAKEV 17fc*L FROM EUIOPf THAN A VAREE V 7 27 A«| Marry Vikinf V.7 77 Sa*< AIL VESSELS ACCEPTING FOR/FROM Antwerp Bau4 Batafna Copwlnien DuMin
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      287 13 ANHSING LINE REGULAR SIHI-COaTMHCKy LINE! SERVICE \4 LORD STEAMSHIP CO. S.A TMMM JTMITJ, TJUMN EXMKSS UNEI SERVICE SPORE P.KEIAM ft MM TMMH 100NHSIM JR/1 S* 2/ 3 Vap* 4/5 S«p( MS* 100* FIT 4/( S* 7/1 */14S* I4S* PHILIPINE ACE LINES INC. S'KW t ICUUK KHK IMDIMra N.V NOUVE 3S/J1
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      Page 13 Advertisements Column 4
      113 13 NOTICES m.v. "VISHVA VIKAS" VOY: 25 arrived 19th August, 1978. at P.S.A. Godown No. 18. General Survey of damaged cargo ex the above vessel will be held on Friday 25th August, 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agents:R- JUMABHOY
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      12 13 r~/n SEA[y mLAND NEW BHIPBII FASTER TRANSIT! ALL SERVICESfI BOOKING TEL: *****22
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      582 14 SHIPPING FULLY CONTAINERISED TO EUROPE Nestfalia 13/11 30 u 1] FULLY CONTAINERISED TO GENOA/TRIESTE Span PKelang Genu Trieste Hakata Maru 22/8 23/8 12/9 18/9 Nipponica 29/8 30/8 20/9 27/9 FULLY CONTAINERISED TO USA/CANADA Feeder PKelang Spore HK Mainline F 31/10 13/11 11/11 7/11 9/11 30 11 11/12 12 12 7/12
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      465 14 k™* barber blue seo From: US ATLANTIC US GULF I EAST CANADA Tiprtn T* itpti/i S*ta/» Oct s«*i/i s*t2i/M ot» Oct* s*pm Oct I *»in Od 12 Sept 23 Oct 5 Od 1< Od 21 SINGAPORE Port Kelani Ptnanf Jakarta Labtian 6.47-23/1, MENESTHEUS" To: US ATLANTIC US 6ULF t EAST
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      707 14 LAND U.S.A./ ASIA SERVICE DRY REFRIGERATED CONTAINER SEWCE SAH»NG EVCTY WEDNESDAY FOR PORTS IN USA CANADA CARIBBEAN lAPAN KOREA TAINAN. HONG RONG. THAILANO AND PHILIPPINES VESSEL/VOYAGE WORLD TIGER V 7 WORLD LION V 7 WORLD TIGER V 8 WORLD LION V 8 Vessel Arrives/Departs Aug 25/26 Aug 31/ Sept 1
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      914 14 Everett Lines W Burma Five Star Shippini Corpn. Q "BURMESE NATIONAL LINE" S| LOADING FOR RANGOON K htoneyw* (*khi nta rug phashwegyawyw* 24/24 mm B FSS C. Agents in Malaysia TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/***** i|L%, Compama Argentina De W7l» Navagacion Intercontinental S. A. C.I.
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      540 14 I \K I) I\ 1 I \H Orient Overseas CototaiHeA. Line FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) I NEPTUNE CORAL K ■NEPTUNE PURL IK CHEVALIER RO2E 10E HUONG CONTAINER HE IMERCATOR K ORIENTAL CHIEF 10E SEAS BRIDGE.I7E ORIENTAL RESEARCHER 4E PKelani Sport 24/8 26/8 2/9 4/9 9/9 11/9 12
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      1174 15 OCL Overseas Containers Limited Sett 22 Sept sept nsept Sift I Oct M'burf Brew. Rdam Havre fton f. K«Ja«t S»«« rts uvtwaiai in it< h S'i ii Sa.iti s»ih lat n iat hr. *s. Imm Express Sailed Sale* SiM SaitH *a| RS bap Mara Sailed Siilil Sailal Sailal Sailed 1
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      930 15 Ben Ocean Ajcmt service of Ben Line. Blue FlMmelCtenLme and NSMO TO H/CfNTINEWT (via tan) S apton P. but f Fenang 14 II Sept H/ I tat 22/24 tat II Oct Lenoes. B too. Aasterdaa Hull 12 Net lenoes. Bilbao, taster* Hull 13/14 S*»r ii/ij act •fsciptiag ceataiaers ail ktlttall
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      922 15 rH BEN LINE H'BURG P'HAVEN rotv turn sotdh Smfaforf P tolf«R l»»Ha Frffct All U.K. I Sc»no'"«"i RITANC MAN (mm iav TMTI UT KUIHI UNItU UT nkm nim i Eiriiii iim lIR* It Sfft 111*, nutt aim l »in< nuni i act ict 11 if* it to* 11 to* a
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      966 15 Scan Dutch *9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Fwfer traa P. KtLanf *nul S Oct L Mst-lles S Man X Hkorf 4) iki iKIMU SwlM •lIIKt a< I 4/ 0/0 11/ 1! riMCfsc* a/1 TOTAMA n/ o is/ 10/ z EuuMu 2/1 imtuN us a/1 tti
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      Page 15 Advertisements Column 5
      602 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. loabs for e. i s. jtfiiti SAN CEORtE (Mauritius. Reunion, Durban. E l PC.. rapetonm) Kuantan 27 21 Atf S pore Mt< P. 7 mi iui i i*rni wrici w n*i»u SUSANNE SKIU Penant P Relant la ft/11 S»« "/a H LOSSIEBANK Pennf
      602 words
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      1043 16 K LINE KAWASAKI KISEN KAISHA. I TP (VIA SIEZ) tutaim Vessels TO IWOW S'?ore P Kelang L.Havre H'burg Bremen R'dam Awer? yK"\ s iS "s3 SZ *Z *z»ss m2?iw US,.? 115 4 Oct S Oct 1 Oct I Oct II Oct I PAII 12V 21 Sept 22 Sept 10 Oct
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      Page 16 Advertisements Column 2
      997 16 E. C. -U. S. A. ATLANTIC/GNLF SERVICE ■conix ra/itt cmiiikb im m r. sun. kkk Ltilitf t* INHU. NEW GALTIMME. HEW MUMS. NONSTON SmpMH P. «J >«l NIMH Pt«nf ntsti" E.C./GREAT LAKES SERVICE AffoU( NEW YOW. MONTREAL. TORfWTO. ASSTAMU. OETROrr. CMCACO L Iff Iff im. BWHTBUI. «IW Stla«a« P Uliif
      997 words
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      1007 16 a NEPTUNE ORIENT LINES UP CONT [PTONE CORAL £fTUNC PEARL kEVALIER ROZE mm OkSKONC CONTAINER If** J** ERCATOR o ano from aostoalia wmo containco sewicd Hglcf if anro anro anro anro lore Caasartiaoi AUSTRALIA TEMASE* ASIA AUSTRALIA INCAPWE Sailed 31 An 2!*? PORT KELAM MISBANE SYDNEY MELBOURNE BURN IE ABELAIBE
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      300 16 EXPRESS CONVENTIONAL SERVICE a P Mi"! P. mint Lata* Mr lUHCI MTMCt *71» ta|) n/a lq S.b*. Min lUNM lIHtMI WW tt»/» »1 w SkK i toft) ttuntt wu mn/ii v* *m ssm mm» •01/ ssm) tlccM'W MP I* aaiUatiM it FIA Mm t» lm MM Mm. urn Mr otiUM-.
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      788 16 INTRASEA (PTE) LTr i ~bP' h-hino ■'It 0-' I'd Ro.id Sinqaporf I t r RECBLAR IMCKNKNT SEMI/FIU. CBHTAIRER SERVICE TO EIMfE S port P. UlMf Penan* L»ti*e Iff: IRISH iu WIS JS ta« nM« H*ix'«'4»«' BOMtOfM. NORASIA M» i Stft > i«*t 1 Sfft H'buri rum A'twrf. tafftl' SiinMri INTlttiA
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