The Business Times, 23 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 WEDNESDAY, AUGUST 23, 1978 50CENTS
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  • BRIEFLY...
    • Article
      FNBC raises rate
      59 1 FIRST National Bank of Chicago today raised its prime rate here from 7 to 7V4 per cent. It is the third full-branch bank to do so this week. The two others are Chartered Bank and Algemene Bank Nederland. Other banks that have Jacked up their prime in
      59 words
    • Article
      Lock icon UK jobless up
      33 1 Reuter. LONDON, Tues. UK unemployment (seasonally-adjusted and excluding school leavers) rose by 20,700 to 1,392,100 in August, or 5.8 per cent of the total workforce, Employment Department figures show. Reuter.
      Reuter.  -  33 words
    • Article
      Lock icon Jakarta's oil cutback
      72 1 Reuter. JAKARTA, Tues. Indonesia may have to cut its oil exports In the last quarter of this year because of an expected drop In demand, Minister of Mines and Energy Subroto said. He did not disclose the estimated reduction. Production is 1.7 million barrels a day and
      Reuter.  -  72 words
    • Article
      Lock icon Ships, anyone?
      66 1 UPI. TOKYO, Tues. The Finance Ministry will provide 150,000 dwt of ships to developing countries as one step to aid Japan's recessionplagued shipbuilding Industry. The ministry calls for establishment of long and short-term low-interest loans by the ExportImport Bank of Japan for use by developing countries, and the
      UPI.  -  66 words
    • Article
      MAS strike is on
      61 1 KUALA LUMPUR, Tues. The Airlines Employees Union decided today to proceed with Its one-day strike on Sept. 1 to back its claim for two months' bonus for employees of Malaysian Airlines System. The decision by the union's executive committee followed the breakdown yesterday of talks with
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    • Article
      Lock icon Intra-regional plans
      72 1 Reuter. NEW DELHI, Tues. The 28-natlon ministerial conference of the Economic and Social Commission for Asia and the Pacific (Escap) today unanimously approved proposals for intra-regional trade expansion and cooperation. The proposals, drawn up by senior Escap officials, call for the setting up of a trade promotion centre,
      Reuter.  -  72 words
    • Article
      Lock icon Kenyatta is dead
      108 1 AP. NAIROBI, Tues. President Jomo Kenyatta, who 10 years after conviction as a Mau Mau terrorist led Kenya to Independence In 1963 and presided over one of Black Africa's most stable governments, died in his sleep early today, the government announced. The President was believed to be
      AP.  -  108 words
    • Article
      Lock icon Dow Jones
      70 1 UPI. NEW YORK, Tues. Stocks headed lower early today as Investors waited for the Carter Administration, which boosted Interest rates last week, to reveal what other plans It has to aid the dollar. Trading was moderate. The Dow Jones Industrial average, which Blunged 7.88 points yesterday, was off
      UPI.  -  70 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      130 1 Rises Most active Sanyo 442 100 Haw Par 599.000 OUE 240 +26 Pan Electric 493.000 MTC 005 +20 Harimau 302,000 Public Textile 85 +17 Sime Darby 260.000 Pan Electric 231 11 UOB 225,000 Nat Iron 605 10 Total Turnover: 0.05 m FAN 565 +10 Total Value: S23.66
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    • Article, Illustration
      In Kuala Lumpur
      177 1 Rises Most active OUE Mtnsec M. Tobacco Pan El CandC 2 20 5.00 9.40 2.39 5.85 .30 .30 .20 -.16 +.15 Slme Darby 544,000 Haw Par 408,000 Gold Coin 380.000 Malayan Credit 370,000 Ind Hyd 3.20 .10 Total Turnover: 5.92m Isl. and Pen. 3.86 .10 Total Value:
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  • Article
    Rest assured of growth, insurers
    1000 1  -  FORECAST OF ASEAN POTENTIAL *y SOH TIANG KENG THE Asean insurance industry will grow at a moderate pace In the next few years in step with the economic expansion of the region. This Is the forecast of the Singapore Insurance Training Centre (SITC) In Its
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  • Article
    RESPECT THY HOST'S POLICIES
    238 1 JAPANESE Investors have been advised to respect the policies of their host country and to fulfill social responsibilities in the community they operate In. They should also train and promote suitable local personnel to management and supervisory positions. The suggestions were contained in a report by
    238 words
  • Article, Illustration
    C & C takes stake in hotel project
    633 1  - C C takes stake in hotel project By TEO TECK WENG CYCLE AND Carriage has ventured into the booming hotel Industry as part of its diversification programme. It has taken a 20 per cent stake in Pontlac Land's subsidiary which will build a $70-million hotel at the Tomllnson Road/ Ellis
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  • Article
    Happy days are here again for Malaysian Feedmills
    320 1 MALAYSIAN Feedmills vwtardiy revealed bom per half-time earning* and joined the growing list of companies reporting bullish results in recent months. Despite a 20.5 per cent decline in turnover to $46.43 million, the company reports a near tripling of group pre-tax profit
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  • Article
    MNC sets up thread factory in Jurong
    413 1  -  ■y RONNIE LIM A WEST German company, Am&nn and Soohne, a major manufacturer of yarns and synthetic sewing thread, will set up a large manufacturing plant In Singapore shortly. Amann's Investment here, through a subsidiary, Syncosll, Is expected to be substantial as Indicated
    413 words
  • Article
    Dollar falls back
    93 1 THE US dollar yesterday opened lower on most European money markets, reversing Monday's rally that followed Indications the Carter Administration Is willing to take concrete action to prop up the falling currency. Gold price was higher. Gold gained U552.3750 In London to $208, while In Zurich It
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      35 1 whatever you need in menswear, get it at... MOHAN'S DEFT STORE (PTE.) LTD. 321 Orchard Road 1* *****22 (nut to Mandarin HoM) Branch: 101, TvtgNn Shopping Cantr* far *****40 Daily 9am-9 pm SEE BACK PAGE
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    • Advertisement
      Page 1 Advertisements Column 2
      90 1 BIRKART FREIGHT NEWS GIN LINE providing two regular services from SINGAPORE to LAGOS/ APAPA GBN CONTAINER-LINE a fully containerised service carrying 20 ft containers at 'Box' Rates GBN BULK SERVICE a regular liner service for palletised cargo at competitive rates. For rates and further details contact: MR. TAN KAY HOCK
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    • Advertisement
      Page 1 Advertisements Column 3
      71 1 SHIPPING TIMES LOCAL boy* at the helm of Airco Singapore 2 DBS Finance enticeo ear buyer* 2 FULL containerise tiou for South Africa 5 MOMENTOUS time ahead for Sime Derby 6 INDONESIA'S front. EXPANSIONIST day* at Hong top for— AMERICAN Erpree* stake in EL bank TICKET boycott of BA dope
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    • Advertisement
      Page 1 Advertisements Column 4
      277 1 Cool healthy pollution-free driving with ▲mARUEfIU COOL. >M>\STEf7 .CAR AIR CONDITIONER The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has built-in extras that are unique. Olivetti's beautiful compact, desk-top Copia 405 copies just about everything, three dimensional objects and bulky originals. It comes with several features
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    • Advertisement
      Page 1 Advertisements Column 5
      3 1 SEE BACK PAGE
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  • TRADE AND INDUSTRY
    • Article
      Local boys are running the show at Airco
      627 2  -  By RONNIE LIM THE Singapore operations of the US multinational, Alrco, are now run by a local management team following the appointment of a Singaporean as the new managing director. Mr. David L.J. Han, the new managing director, succeeds Mr. Harry E.
      627 words
    • Article
      Lock icon It's curtains for CTV
      282 2 UPI COMMERCIAL Television (CTV), a financially troubled Chinese language station in Hongkong, went out of business yesterday. The resignation of the station's managing director Stephen Lam, followed soon after the announcement of CTV's cessation of operations. Six other senior CTV executives had also resigned over the
      UPI  -  282 words
    • Article
      DBS Finance baits new car buyers
      333 2 DBS Finance is launching a tiloroui drive to new car buyer* by offering loans at interest rates of baif per cent below what most finance bouses cbarfe. The company, subsidiary of Development Bank of Singapore, is offering up to 80 per cent finance at
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    • Article
      A directory of instruments
      192 2 THE SINGAPORE section of the Instrument Society of America will be publishing a directory on industrial equipment in November. The publication will help buyers locate manufacturers and agents quickly According to Mr. Mel Sophlan, president of the Singapore section, publishing the directory Is not a commercial
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    • Article, Illustration
      A LUNCH-TIME FEAST
      110 2 LUNCH-TIME it concert time for shoppers and office workers in Martin Place in Sydney's commercial centre. The Martin Place amphitheatre, opened in July 1976, recently celebrated iU 100 th week of free lunch-time concern ts. During that time more than 6,300 performers have entertained at 440 two-hour
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    • Article
      Lock icon Forecast of $16b trade
      280 2 AFP, AP. TRADE between Japan and China may reach mere than US$7 billion (5516.1 billion) annually in the next five years (1978-1982), a private economic research Institute reported. The report is based on a study by the Yamalchl Research Institute of Securities and Economics Inc. of
      AFP,; AP.  -  280 words
    • Article
      Tin: US bides its time
      573 2  -  •y CHAN BONG SOO THE US Congress apparently has no Intention to sanction any releases from Its strategic tin stockpile until the tin price rises to a more attractive level. The Americans are well aware of the trump card they are holding in the current
      573 words
    • Article, Illustration
      CAR SPARES IN KITS
      231 2 PACKAGING of automotive ipam and parte into handy kite la a treed that will be evident among eeveral Australian exhibitor* at the Aeian Automotive and Acooeoorie* Exhibition to be held at the Hyatt Hotel convention centre from Sept 2! to 14. One Australian exhibitor, Australian Automotive
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    • Article
      Training of accountants
      52 2 THE CERTIFIED Accountants Students Society of Singapore Is organising a talk, "Training of a certified Accountant," by Mrs. Anthea Rose at the Regional English Language Centre this evening. Mrs. Rose is the UK Association of Certified Accountants' secretary for student services. Her duties Include student recruitment and
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    • Article
      Thailand ruling on mining equity
      107 2 THE THAI government has decided to order all foreign mining companies with Thai mineral concessions to register as Thai companies with no more than 40 per cent foreign ownership. Thai Industry Minister Kasame Chatlkavanlt said that equity In mining companies must be divided 0044 In
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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,
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    • Article
      LINDETEVES MOVES REGIONAL OFFICE TO STORE
      119 2 LINDETEVES-JACOBERG has moved its regional management office for East Asia and South-east Asia to Singapore to serve the Asean region better. The regional office will be managed by the company's regional manager, Mr. G. J.G. Lucking and the regional financial controller, Mr. O. Kamber.
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    • Article
      Open house and show
      37 2 BUKIT Merah Vocational Institute Is holding an open house-cum-exhlbitlon today and tomorrow. The function Is to familarlse pupils, parents, teachers and the public with the training courses and facilities available at the institute.
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      172 2 In Indonesia, Pullman Kellogg had to find a way to move heavy vessels and equipment to the jobsite before construction could i begin on a major fertilizer complex for P.T. Pupuk Kujang in r West Java. The construction site, 30 kilometers inland from the Java Sea. was inaccessible by either
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      Page 2 Advertisements Column 2
      3 2 Leader Pace 6
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      596 2 TWO-IH-ONE CROSSWORD I] EASY PUZZLE ACROSS 1 Twilight (1) 4 Fearful (6) 8 Farmyard animal (3) 10 Level (4) 13 Heating appliance (8) 14 Shyly (7) 15 Keep (6) 17 Freed (9) 21 Sailor (3) 22 Firearm (3) 23 Help (3) 26 100 th anniversary (9) 27 Ridiculous (6) 28
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  • OVERSEAS
    • Article
      Lock icon Minimum French growth rate set at 3pc
      184 3 Reuter. THE French economy cannot be competitive without a growth rate of between 3 and 3.5 per cent for the duration of the government's Seventh Plan for 1976-80. This was the view of a commission which reviewed the plan and made recommendations to
      Reuter.  -  184 words
    • Article
      America's terms for signing sea law treaty
      259 3 THE US will not endorse any international Law of the Sea treaty unless It includes "assured access to seabed minerals" by American mining companies. US ambassador Elliot Richardson also said he did not expect deep sea mining to begin for another five years,
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    • Article
      Paris launches its satellite sales campaign
      570 3 FRANCE IS building up Its space Industry for a major export drive through the European Space Agency (ESA) in a bid to capture a share of the lucrative US dominated telecommunication satellites market. The French are already producing the rockets that will take aloft
      570 words
    • Article
      Thanks to Fed, bonds are moving
      589 3 THE US bond market continued on Monday to draw encouragement from the Federal Reserves' decision last week to raise shortterm Interest rates to defend the dollar and fight inflation. As a result, bond prices rose fairly sharply, continuing an advance that got under way
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    • Article
      Lock icon TREASURY BILL YIELDS JUMP
      304 3 Reuter. THE US Treasury reported that yields rose sharply at Monday s weekly auction of three and six-month Treasury bills. The average yield on the three-month bill rose to 7.267 per cent from 6.887 per cent last week while the yield on the sixmonth bill rote
      Reuter.  -  304 words
    • WORLD IN BRIEF
      • Article
        Lock icon GREENSPAN HAS AN IDEA
        568 3 Agencies. ALAN Oreenspan, chief economic adviser in the Ford Administration, said a constitutional amendment may be needed to curb the growth In US government spending, which he said is the cause of inflation. The growth, to a large extent the result of on-going social welfare programmes,
        Agencies.  -  568 words
    • Article
      Lock icon Meeting to steady coffee prices
      174 3 AP. REPRESENTATIVES of eight Latin American countries that produce 53 per cent of the world's coffee, started their meeting yesterday in Bogota, Colombia to study ways of stabilising coffee prices. The two-day meeting was called by Brazil and Colombia, the world's two biggest producers of
      AP.  -  174 words
    • Article
      Lock icon Turkey to part company with US dollar
      169 3 Reuter. TURKISH Finance Minister Ziya Muezxinoglu indicated on Monday that Turkey is ready to abandon it* 34-year link with the US dollar in favour of IMF special drawing rights. 'The Turkish currency ha* always been attached to the dollar," he said on his
      Reuter.  -  169 words
    • Article
      Ford's pay claim puts UK policy to test
      1133 3 UNION representatives of the Ford Motor's British subsidiary will tomorrow lodge a claim for a wage rise well above the UK government's 5 per cent guideline, informed Industry sources In London said. The claim is for a minimum £20 (8$87) a week
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      262 3 wmPJr Efi? COURVOI V csrs *S V ?Hi t I i Fine spirits just one of the many luxuries on which Business Times readers spend lavishly Wanted: 2SMMIO bottles of spirits The 25,000 Business Times readers are senior and middle management people in Singapore. In fact they are the people
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      403 4 THE Singapore rubber market yesterday closed slightly lower with September One RSS buyers quoted at 238.25 cents per kilo, down half a cent from Monday's close. The afternoon session rose slightly on reports of China acceptances, shortcovering and speculative buying, dealers said. The morning session had
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    • Article
      RAS PRICES
      342 4 R A S. prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R S.S prompt f.o.b. Int 1 R.S.S. Sept Int. 1 R S.S. Oct Int. 2 R.S.S. UK/Cont. Int 3 R.S.S. UK/Cont. Int. 4 R S.S. UK/Cont Int. S R.S.S. UK/Cont. Buyers
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    • Article
      SSR AND SMR
      99 4 NOON SSR ;ind SMR prices yesterday: RAS September (Current Mth) Buyer* Sellleri (cents per kg) October (Forward Mth) Buyer* Seller* (cents per k() SSR 20 SSR 50 (1-ton pallet) (I-ton pallet) 213.50 211.50 215.50N 213.SON 214 50 212.50 2K.50N 214.50N M.R.E.L.B. SMR5CV SMR5L SMR 5 SMR 10
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    • Article
      Palm oil
      81 4 C.I.C North European porta, in US dollars per ton unless otherwise stated. LONDON: Monday Previous Malaysia 5% ffa bulk per tonne October Sumatra 5% ffa bulk August September October November /December Nigeria b% ffa bulk stg unch 630 sir 615 sir 580 sir 515 sir unch unq 566
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    • Article
      Closing prices
      31 4 Rubber: Aug 22 Singapore: Sept 238.25 cents (down 0.50 cent) Malaysia: Sept 243.50 cents (down one cent) Tin M 51.798 (down 158) Official offering: 195 tonnes (op 25 tonnes)
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    • Article
      Rice
      189 4 BANGKOK rice in US dollars per tonne F. 0.8. basis quoted yesterday: White Rice: 100 pet lit 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
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    • Article
      Wheat
      85 4 WHEAT futures closed off sft to 3yi US cents a bushel in quiet trading on Monday in Chicago. Brokers said prices were pressured throughout the session by moderate overnight country selling, and added that losses grew in late trade on local selling and fading commercial buying. Scattered exporter buying
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    • Article
      Produce exchange
      409 4 MIXED trading sentiment prevailed on the Singapore produce market yesterday. While quoted prices for pepper and coffee were reportedly easier, copra and coconut oil were steady. Pepper prices were down by $2.50 all around. A total of 120 tonnes were received. from Sarawak yesterday The coffee market was
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    • Article
      Coffee
      380 4 ROBUSTA futures In London yesterday opened steady, £18 up to £7 per tonne down. Turnover was 158 lots. Trading was light on well matched commission-house and dealer activity. January gained £18 at a mid-price of £1,291 while spot September rose £6 at £1,503 after an Initial trade at £1,495.
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    • Article
      Hongkong Comex
      149 4 THE sugar market yesterday closed steady with turnover unchanged at six lots Sugar futures closing prlr»: Ctooiag (Ms« Sep 8.97/99 6.90/99 Oct 7.05/07 6.92/95. Jan 7.40/50 7 25/35 Mch 7.64/66 7.51/54 May 7.79/82 7.67/70 Jly 7.97/8.00 7.84/86 Toae: steady Total Sales: six (prev six) The cotton market closed
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    • Article
      SPOT PRICES
      196 4 YARN and cotton in Hongkong dollars. «poV exgodown: Cotton Vara China: Blue Phoenix 20 1.185. 32 s 2.430. 40 s 1.600. (per bale of 400 lbs.) Piece Goods China. Butterfly and Olobe brand unq. Dragon Head unq, Fl*e Lambs unq. Flower and Butterfly unq. Flying Oeeae unq. (per
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    • Article
      Sugar
      247 4 SUGAR futures in London yesterday extended overnight kerb gains on light trade covering, to finish the morning at or near session highs. The overall advance ranged from £1.60 to £1.40 per tonne. Average gains of £0.60 per tonne were seen at the opening. Dealers said the market lacked fresh
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    • Article
      Straits tin
      221 4 THE STRAITS tin price in Penang yesterday feU MssB to $1,798 per picul, on an official offering up 25 tonnes to 195 tonnes. In LONDON yesterday, tin finished the morning £47 lower for cash and £52 down for Three Months standard metal. High Orade was £47 and £50
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    • Article
      Cocoa
      255 4 TERMINAL cocoa in London yesterday fluctuated within an at-most £14 trading range, closing the morning £13.50 per tonne higher to £0.50 lower. Turnover totalled 568 lots including 67 lots crossed and four options. The market had opened £11.50 to £1 up against New York but steadiness of sterling against'
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    • Article
      Soybean
      157 4 CHICAGO Soybean futures closed mixed on Monday, up BVi US cents a bushel in the August contract to off IK cents in the July. August advanced strongly on evenlng-up before Its expiration yesterday and on reports of tightening nearby supplies, traders said. Support in other Months stemmed from local
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    • Article
      Lead
      67 4 LEAD closed the morning ring £2.75 per tonne down for cash and £3 lower for Three Months in London yesterday. Values were initially steady with copper but stale bull liquidation and some stop-loss orders pushed Three Months down to around £3.30 per tonne. At this level, good buying and
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    • Article
      Zinc
      57 4 ZINC ended the morning £1.75 down for cash and £1.50 lower for Three Months In London yesterday. The market remained very quiet. Prices, after a steady opening, became unsettled by the downturn in copper and lead. Light short-covering lifted values from the lows In late ring dealings. Ring sales
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    • Article
      Copper
      334 4 COPPER wirebars in London yesterday ended the morning ring £3.5 per tonne higher all round while cathodes were £6 higher for cash and CS per tonne up for Three Months. The wirebar market showed gains of up to £6 per tonne during early dealings with short-covering prompted by news
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    • Article
      Silver
      214 4 THE Hongkong sliver market yesterday closed unchangikl at HK5258.50 per 10 ounces, in continued thin trading, with turnover estimated at 10,000 ounces. The local close was equivalent to 5.5178 US cents per ounce, higher than Monday's New York and Chicago closes of 5.4000 and 5.4200 US cents, respectively. The
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    • Article
      Gold
      500 4 THE KILOBAR in Singapore yesterday opened at 5515,304 and closed lower at $15,194. The highest and lowest of the day were $15,304 and $15,046, respectively. The market was steady but quiet. Spot gold for London delivery opened at U*****.80/ 208.10 and closed at U*****.40/70. Prices moved up and down
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        502 4 THE US dollar closed on a firm note on the foreign ex* change market yesterday. Opening at 190.70/80 against the yen, the US dollar was traded up In the Tokyo market to 192.30/50 with commercial demand. However, this was not carried on In the London exchange and the
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      • Article
        Asian $ rates
        133 4 Asian rates ASIAN currency deposit Interbank rates as at close on Aug 22: USDoilai Offer TST 7 days 1 mth 2 mths 3 mthi 6 mths 9 mths 12 mths ...81/4 ...83/8 .89/19 ...81/8 ...91/8 .9 3/18 .91/4 8w. Fr*. IMM1 81/8 81/4 87/18 83/4 91/18 91/8 Dm. Pricw) ill!
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      • Article
        Discount
        48 4 RANGE of prices offered by discount houses on Aug 22: Overnight 2S to 3SH Call deposits 3H* to 3** Cloving Buying Msg 3-month Tremsury bill 3 9/16 37/H 3-month Bank Mils 6 3/16 61/16 3-month CD 69/16 67/16 6-month CD 611/16 69/16 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet coetomert is 7 per cent.
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      • Article
        Euro $ rates
        168 4 Euro rates LONDON Eurodollar deposit rates yesterday opened mostly steady but had a slightly offered tendency In moderate early trading, continuing Monday's trend. Fed funds traded around 8-5/16 after Federal Reserve intervention to add temporary funds to the US banking system, dealers said. Most periods saw offers In the middle
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      • Article
        London
        284 4 THE dollar yesterday opened well below Monday night's close here but steady to slightly weaker on the day's late Far Eastern rates In fairly quiet trading. The US currency lost early gains in New York but recovered in the Far East on remarks by Federal Reserve Board chairman William
        284 words
      • Article
        New York
        294 4 THE dollar lost Its early gains on Monday and finished around Friday's closing levels. The decline reflected the belief that the morning's sharp gains, reflecting covering of short positions, had been overdone, dealers said. The dollar's retreat was fairly steady as participants began to establish positions for the
        294 words
      • Article
        Tokyo
        159 4 THE US dollar for overnight delivery yesterday closed higher at 191.70 yen, compared with a 190.00 opening and 190.20 at Monday's close after rising briefly to 192.40. The dollar fluctuated nervously between 191.20 and 192.20 yen In active late trading, after an initial rise to the day's high of
        159 words
      • Article
        Hongkong
        187 4 IN THIN, nervous late trading, the US dollar yesterday firmed slightly. It opened above overnight levels in the US and rose further during the morning largely on Federal Reserve Board chairman William Miller's remarks that the U8 Treasury Is prepared to escalate action In defence of the dollar, dealers
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      181 4 =1 n ii i ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles? If
      181 words
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  • TRANSPORT
    • Article
      Lock icon Carter backs all-out airline competition
      292 5 AP. PRESIDENT Carter announced a new US international air policy aimed at greater competition among the world's airlines, fewer government restrictions and lower ticket costs. Mr. Carter said In a statement that American and foreign travellers already are benefiting from this policy, which US negotiators
      AP.  -  292 words
    • Article
      Mystery losses
      67 5 THERE HAS been an unexplained increase in the percentage of tankers becoming total losses. According to figures from the Tanker Advisory Centre of New York the percentage of total /I«et rose from 0.35 per rose 0.5 per cent last year. And the losses have continued to Increase. The
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    • Article, Illustration
      Lock icon South Africa close to full containerisation
      590 5  -  By PETER CHIA Fairplay SEA-OOINQ cargo from South Africa will be fully containerised by the end of next year, some two and a half years since the first move was made in this direction. This steady though slow progress was possible because of the
      Fairplay  -  590 words
    • Article
      FAR EAST FREIGHTS
      510 5 FREIGHT RATES are based upon many economic factors including volume of cargo, total freight revenue, and the forces of supply and demand. Last week a major European shipping company offered a multinational customer a vessel at a rate 120 per cent higher than a shipment three months
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    • Article, Illustration
      SHIPS IN PORT
      430 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bosna (0600 after Patricia Barge S-32 Sin Lian Huat) 35/36 Chang Shu (1500 after Primera Peak) 1/2 Golden Eastern (after Tutong) 22 Hua Ping (1600 after Kerguelen) 31/32 Krasica (1500 after Hague Maru) 3/4 Maaskerk (1830) 15/16 Pacific Arrow (0930) 18 Siena
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    • Article
      Lock icon Countdown to pilots' strike
      251 5 AP. AIR Canada's 1,700 pilots voted overwhelmingly for a strike to back their new contract demands but spokesmen for both the pilots and Air Canada said on Monday they ire willing to resume negotiations before the strike deadline of 3 a.m. (0700QMT) tomorrow. Captain Norman Foster,
      AP.  -  251 words
    • Article
      Moves for cargo fraud fund
      171 5 THE PROPOSAL for marine underwriters to set up a fund to Investigate marine cargo frauds Is receiving considerable support from the British-ma-naged protection and Indemnity clubs. However, according to the president of the International Association of Airport and Seaport Police, Chief Constable Eric Ellen, most
      171 words
    • Article
      Research costs cause concern
      274 5 CONCERN is being expressed at the way In which the government Is seeking to pass on to the nationalised British Aerospace the financial responsibility for civil aircraft research, even where this Is conducted by other bodies such as the Royal Aircraft Establishment at Farnborough. British Aerospace
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    • Article
      Lock icon LONDON FREIGHT
      177 5 UPI. VOYAGE fixing looked very quiet, but time chartering expanded to maintain the level of tonnage absorption necessary to support steady rates. The Far East was particularly busy in the respect. Utah booked the large bulk carriers. Favorlta (63,972 dwt) and the Golar Sanko (89,000 dwt) at the
      UPI.  -  177 words
    • Article
      JAPANESE FIRM IN BOEING VENTURE
      140 5 JAPAN S Civil Air Transport Corporation will participate in the development and manufacture of two medium-range jetliners with Boeing Company. The signing of the contract, originally expected this month, has been postponed to September due to a delay in negotiations on details. The corporation was
      140 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      741 5 ARRIVALS Servio t Local Operator Number Time From TMA TL374 0530 TPE MAS MH601 0700 KUL MAS MH682 0725 KCH 8IA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH871 0945 PEN/KUL CPA CX710 1005 HLP OLA OA 980 1030 HLP THAI TQ423
      741 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      69 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -r Coll US for your local Or onward reservations COPYING PROBLEM SOLVER N0.2 New Toshiba BD-704 Uses ordinary paper Top copy quality Lower copy costs Completely dry system Inaeosed copying speed Quick worm-up time Quiet operation Compact size Copies on both
      69 words
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  • Article
    Finance firms rev up for the race
    690 6 COMPETITION has finally caught up with the finance companies. And the era of competitive rates for loans has dawned. Yesterday's advertisement by the finance subsidiary of Development Bank of Singapore offering a half per cent cut in the rate for car loans is
    690 words
  • Article, Illustration
    Sime Darby on the road to build up its empire
    1617 6  -  By QUEK PECK LIM SIME Darby Holdings meets with Its bankers today to set the seal on a $475-mllllon loan package. Despite the fact that it is one of the largest gathering of bankers seen in the Malaysian capital, there
    1,617 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      293 6 m IPS wm 405/407 Havelock Road, S'pore 3. Tel: *****1 Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quality product from lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where The Trend. Constellations. Sonny
      293 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 pm on Aug 22 at the airport: Maximum Temperature 31.3° C Associated Humidity 68 Minimum Temperature 22.7° C Associated Humidity Hours of Sunshine 6.50 Rainfall in Millimetres Nil Total Rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      244 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Mary Me Shorty (Repeat)* 3.25 Diary Of Events (Malay)* 3.30 Bonanza Rock-A-Bye Hoss* 4.20 Intermission 6.00 Opening announcements followed by Petticoat Junction The Tenant (Repeat) 0 6.30 News in Brief* 6.35 Timang Tinggi Tinggi (MalayRepeat)* 7.05 Candid Camera* News
      244 words
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  • Article, Illustration
    Indonesia seeks larger slice of the mining cake
    1081 7  -  rlt can be expected that more emphasis will be given to Indonesian efforts to increase the domestic content in projects involving foreign investors or in joint venture undertakings, writes A. ~KADIR JASIN. A. KADIR JASIN. SHELL'S cancellation of a plan to Invest
    1,081 words
  • Article
    NONYA OR NYONYA
    172 7  -  Letter to the Editor SHAKIR GUNN c/o Hagley Hoyle THOROUGHLY enjoyed reading _your abridged extract of Dr. John *Clammer's paper, "Who is a Baba?" Times, page 2, Aug 14, 1978). Can you, or he lay to rest a point about spelling? With the exception of perhaps one
    172 words
  • Article, Illustration
    STRAWS IN THE WIND
    659 7 LONDON'S store detectives are apparently reeling as the city's shoplifting problem escalates almost out of control, mainly because of tourist miscreants, with those from West Asia most often blamed, when In fact the shoplifters come in all shapes, sizes and nationalities. One detective says stores are
    659 words
  • Article
    One hectare provides for nine
    1021 7  -  [FOBPM ...0D China Br JOHN CHERRINGTON "YOU HAVE", said my cynical friend, "the typical British conservative reaction to modern China". I was deeply Insulted at first but then on reflection I could see what he meant. After my first visit to the country I had
    1,021 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      356 7 M New Japanese Restaurant KIKU# serving authentic Japanese food Jt* fi KIKU "leppan Yakki Tempura Shashimi *Sukiyaki *ShabuShabu JAPANESE RESTAURANT ORCHID INN Tel: *****2 214. Dunearn Road. Singapore 11 Enchanted evenings in fine European tradition. Mirabelle JTK V.' V 0 r All the ingredients for an enchanted evening are here
      356 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      42 7 BnStoW: Itenk Dickens Tms Goie Too Ff=sfc! 04€. CPM TPVKE. P\ JCK£ BUT £nCX)GH \<=> QsKX>GH loho oo iH€,y Tfnkje, us toe. coßy oust 6G. BuyirtG Cl£R<S 6ot u>e w-teve. oofc P"OEi.iMGS p*s THC N&*T mf>4... even sPecr ray USODHG? Of*wea tmfMo&KC.' d'S>
      42 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Market opens strong
      612 8 TOKYO PRICES advanced on small-lot purchases yesterday. Buying concentrated on some nonmargin and small-capital speculative issues. Trading was extremely thin. The market opened relatively strong. Some export-re-lated issues continued to be bought, following Monday's pattern, resulting from the weaklng of the yen rate. Some low-priced issues were
      612 words
    • Article
      Hongkong
      374 8 AFTER a fairly nervous start yesterday, the prices were held up artificially. The Hang Seng index collapsed another 20 points In reduced trade. The bearish comments In the HK Bank's quarterly review, rumours of an Impending scandal In Rennles concerning Jardine Matheson, fears of higher interest rates and some
      374 words
    • Article
      Sydney
      310 8 PRICES fell virtually across the board yesterday, with trading hampered by disruption to communications arising from the telecom dispute, dealers said. BHP dropped 14 cents to AsB 02. CSR nine cents to $3.26 and CRA five cents to $3.30, while the Bank of NSW four cents to $6.60 and
      310 words
    • Article
      Manila
      106 8 AUG 22 Pesos Acoje Mining .011 unch Atlas Con. A Atlas Con. B 22 80 -1.3 Bagulo Gold 0115 -0 0005 BenguetCon.B 38 50 -2.5 BF Goodrich CDCP 26 75 +0 25 Inco B Landoil 0125 -0 001 Le panto B 2450 -0 01 Marinduque B 6 80 -0
      106 words
    • Article
      Bangkok
      209 8 Bangkok Bank 378 unch Bank of AyudhayaLtd 272 unch Thai Danu 390 -2 Thai Farmers Bank 372 unch Thai Commercial Bank 712 +5 Bangkok Metropolitan Bank 3,740 Industrial Finance Corp 2.435 -20 General Finance 300 •2 Bangkok Investment una First Trust 286 -4 Raja Finance 790 Lee Kwang Ming
      209 words
    • Article
      Selected indices
      64 8 FINANCIAL TIMES INDUSTRIALS Monday 519.2 Friday 512.9 Week Ago 513.5 DOW JONES AVERAGE INDUSTRIALS Monday 888 95 Friday 896.83 Week Ago .888.17 LONDON DOLLAR PREMIUM Monday 101% to 102% Friday 99'4 to 99% H.K. HANG SENG Tuesday 634.42 Monday 657.00 Week Ago 647.98 SYDNEY INDUSTRIALS Tuesday 448.34 Monday
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    • Article
      Jo'burg
      302 8 AUG >I Rand INDUSTRIALS A Alpha 1358 Abercom 200 unch AE And CI 330 unch A MIC 1040 +5 Barlows 432 t-2 Qg Sugar CNA 480 iaa 5 Currte Finance 90 De Beers Ind ***** Edcon 240 Edgars 3000 Eveready Fed Volk 195 Fuglt 93 Oardlan 230 Olenanl Oratemn
      302 words
    • Article
      Toronto
      203 8 AUG 21 C* Abltlbl 14% Alcan 35% Algoma 23 Bank Mont 23% Bank Nova Scotia 22 S unch Bell Tel 59% Beth Corp BP Can Ltd 18 Brascan 17% -H Camp Red Lake 41 Can Imp Bk 29% unch Canpac 22*. Canpac Inv Pf 16B unch Carllng O Keefe
      203 words
    • Article
      Frankfurt firms on active trade
      413 8 EUROPEAN MARKETS FRANKFURT share prices were firmer on active trading on Monday, with the Commerxbank index reaching an eightyear high of 823.4. Among leading motor and Industrial shares. VW row 4.80 marks, MAN advanced four marks and OHH gained 2.80 on revived market rumours over
      413 words
    • Article
      Frankfurt
      230 8 AUG XI Dm Aef-Telefunken 77.10 >0 4 AJcro 28 20B All* Leben 930B Allz Vers 481 +2 BASF 135 00 ♦0 8 Bay H T Wbank 288 unch Bay Vbank 331 unch Bayer 138 50 1.2 BBC 307 50 BMW 228 unch Cassella Chem Verw 284 Commerrbank 230 10
      230 words
    • Article
      Amsterdam
      237 8 AUG 21 ru ABN 370 50 4-1.5 Ahold 115.00 3.5 Alwo 31 60 ♦0 9 AMEV 87 50 2.5 Am fas 114.00 ♦0.5 Amrot Bank 80 90 ♦0 8 Bergoss 82 50 ♦0 8 Berk 94 50 -0 7 Bols 72 80 1.6 BorsumlJ 182 00 unch Burhmann 72
      237 words
    • Article
      Paris
      290 8 AUG 21 Frs (ORB LILLE Alr-Llqulde B 8 N Orvali Danone C 8 F (Thomson C*f) Cle Francaise des Petroles Compagnle Financier* Compagnie Oenerale Credit Fonder De France Hachette (Ubralrle) Machines Bull Mlchelln(B) Parlbas Pechlney CIglne Kuhlmann Peugeot Citroen Philip* (N» Qem Beat) Prln temps 8 A Rhone-Poulence SA
      290 words
    • Article
      Zurich
      186 8 AUG 21 Francs Action* Sullies 264 -1 1MB Br 1180 -IS AlusuisseRef. 510 unch Brown Bo vert Br. 1615 +15 aba Gelgy Br 1040 •15 ClbaOeljy PC 760 unch Ciba Oelgy Reg. SS7 -6 Credit Suisse Br 2240 +5 Credit Suisse Reg 415 -1 BektrowattBr. 1870 unch George Fischer
      186 words
    • Article
      Brussels
      93 8 AUG 21 Frs FORWARD MARKET Acec 382 -2 Arbed 2400 unch Astur 680 +28 Brascan 493 12 Bru-Lam 1530 10 Canpac 638 12 Cock 435 unch Dp Beers 226 -5 Ebes 2270 unch Eiectrobel 6780 -10 Qb-Inno-Bm 2330 30 Oev 1330 +8 Hobok 2450 ♦60 Petro 3760 30 Ryl
      93 words
    • Article
      Milan
      99 8 AUG 21 Lire Ante 122.50 +2.5 Assoc Gen ***** +1380 Bastogl 610 70 5 Central? 4279 129 Flat 2039 +41 rtnslder 170 75 12.75 Oen Immob 77 +0.5 IFIPrl 2433 44 Italcementl ***** 840 840 I taigas 58 Ilalsider 350 +20 Magneti M Pf 503 29 5 MareiUErc 330
      99 words
    • Article
      CHICAGO BOARD OPTIONS
      1894 8 August 21' CHICAGO Board Options Exchange volume eased to 105,109 contracts on Monday from last Friday. OPTIONS OCT JAN APL STOCK Alcoa 40 81/4 UNTRD 91/2 471/2 Alcoa 45 31/2 51/4 UNTRD 471/2 Alcoa 50 1 3/8 25/8 37/8 471/2 Am Tel 55 UNTRD UNTRD 77/8 611/2
      1,894 words
    • Article
      Stocks retreat
      1133 8 NEW YORK STOCKS staged a broad retreat In moderately active trading on Monday, depressed by continuing upward pressures on Interest rates and Inflation. The Dow Jones industrials lost about eight points and declines led advances about five to two. A volume of 29 million shares was traded compared
      1,133 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      144 8 Don't let the language barrier stop you from wider iQZ contacts I I t fvl*- 4» 3 oP o6 \Vr >> < YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing a second or third language
      144 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Penn Central faces revamp
      186 9 Reuter. ftB'NN CENTRAL Transportation Co said it will emerge from bankruptcy on Ofct 24 under terms of an drder issued by the US district court in Philadelphia, which has been overseeing reorganisation. The company said the eourt authorised the formation of a reorganised company to be
      Reuter.  -  186 words
    • Article
      Santa Fe well abandoned
      125 9 SANTA FE International Corp said it abandoned a dry hole well 211/ 18A-17, north of the Thistle Field In the North Sea. The company said the Atlantic One drilling rig has been moved to well location 211/ 18A-18, some four kilometres north of the Thistle Field.
      125 words
    • Article
      Lock icon OCCIDENTAL ACCORD
      127 9 Reuter. OCCIDENTAL Petroleum Corp said it signed a longterm agreement with Poland to exchange minerals and chemicals. The agreement provides for the barter of phosphate rock by Occidental to Poland in exchange for a supply of equal value of molten sulphur, an annually agreed list of chemical products
      Reuter.  -  127 words
    • Article
      Hoechst expects improvement to continue
      299 9 FRANKFURT: Hoechst, one of West Germany's "big three" chemical groups, reports an upturn in profit for the second quarter of 1978 and expects the improvement to continue through the rest of this year. Earlier this week, the Dutch chemical major Akzo also reported a substantial
      299 words
    • Article
      Bad weather hits sales at S & N Breweries
      179 9 Bad weather hits sales at S N Breweries FUTURE DIVERSIFICATION by Scottish and Newcastle Breweries will be only into companies with proven record and sound management, Mr. Peter Balfour, the chairman said. Mr. Balfour said the St. Cypien leisure and real estate venture was "a mistake for which he and
      179 words
    • Article
      Lock icon Longines stands out among watchmakers
      770 9 N. AMERICAN Reuter. TIME has run out for many of the biggest names In the American watch making lndustry but one giant prospers. Founded In Switzerland more than a hundred years ago, the Longlnes-Witt-nauer Watch Company of New Rochelle, New York, third largest in the
      Reuter.  -  770 words
    • Article
      SKF chalks up 9pc rise in operating income
      236 9 STOCKHOLM: Sales for the Swedish SKF bearings, steel and machine tool group Increased by 21 per cent to SKr 4.7 billion during the first six months of this year. Operating Income after depreciation rose by 9 per cent to SKr 244 million.
      236 words
    • Article, Illustration
      Garrard losses slow Plessey
      216 9 EUROPEAN THE CHAIRMAN and chief executive of the Plessey Company, Sir Johri Clark forecast a new era of sales and profit opportunities for the company. The electronic system is the fastest growing sector in Plessey. Plessey Electronic Systems Ltd, he says, is one of the strongest
      216 words
    • Article
      Lock icon Asda choice stuns analysts
      900 9 FT ASSOCIATED DAIRIES (Asda) launched a £5.6 million bid for furnishing retailers. Wades Departmental Stores, in a move which left some London analysts questioning the logic behind the deal. That Asda should decide to use some of its healthy cash balance to ko on the takeover
      FT  -  900 words
    • Article
      Lock icon INCO UNIT OFFERS FORWARD PRICING OPTION
      96 9 Reuter INCO LTD said Its Inco Metals Co unit Is offering Its contract customers a for-ward-pricing option on copper products, effective Immediately. The company said starting with the contractual month of September, customers may price part or all of their purchases of Inco copper
      Reuter  -  96 words
    • Article
      Lock icon Colgate
      54 9 Reuter COLGATE-PALMOLIVE Co said It agreed to acquire the medical products division of NDM Corp for 1.78 million shares of common stock. The division produces dlsposable monitoring electrodes, electrosurglcal grounding pads and related accessories. For the year ended April 1,1978 It had net earnings of US$2.5 million on sales
      Reuter  -  54 words
    • Article
      Lock icon American Credit
      49 9 Reuter. AMERICAN Credit Corp said it scheduled a special shareholders meeting for Sept 29 to consider approval of a merger plan under which the company would become a subsidiary of Barclays Bank International Ltd. Record date for holders entitled to vote Is Aug 29, American Credit said.
      Reuter.  -  49 words
    • Article
      Lock icon Utah Devt coal shipments climb to new high
      159 9 ASIAN Reuter. UTAH Development Co. said its coking coal sales rose to a half-year record of 9.28 million tonnes in first half 1978 from 7.95 million a year earlier. The US coal miners' strike early In the year led to some extra
      Reuter.  -  159 words
    • Article
      Lock icon ISUZU ENGINE CAPITAL
      90 9 Reuter BANGKOK: Isuzu Engine Co (Thailand), a Thal/Japan Joint venture granted government promotion privileges to produce dlesel engines, has reslstered a US$5 million capital. The Board of Investment (BOI) said Isuzu Engine, with Trlpeth Isuzu (a local Thai firm) owns 59 per cent and Isuzu Motor group
      Reuter  -  90 words
    • Article
      Lock icon Trading for Toyo Jozo tighter
      62 9 Reuter TOKYO: The Tokyo Stock Exchange said it has tightened margin trading requirements for Toyo Jozo Co Ltd and Toyama Chemical Co Ltd to 60 per cent Including 20 per cent in cash from 50 per cent without cash requirement, effective Immediately. The exchange said
      Reuter  -  62 words
    • Article
      Lock icon MIM
      32 9 Reuter SYDNEY: Mount Isa Mines Ltd said it raised its price for copper, equivalent wlrebar basis c.l.f. main Australian ports, to A 11,240 per tonne from $1,220, effective since Saturday Reuter
      Reuter  -  32 words
    • Article
      Lock icon Johnson set to recapture past glory
      619 9 NYT. CAN THE JOHNSON Products Co, the largest publicly held company that Is black controlled, overcome the tide of competition In the personal care Industry? Perhaps It Is too soon to tell, but this producer of personal grooming aids for consumers appears to be
      NYT.  -  619 words
    • Article
      Lock icon Carmakers switch to halogen gas headlights
      683 9 NYT. IF ON SOME dark night, those onrushlng headlights seem an awful lot whiter and brighter than usual, don't blame it on eyestrain. Chances are they are indeed a lot brighter. The car companies are starting to switch to a new type of headlight
      NYT.  -  683 words
    • Article
      Lock icon FTC WON'T DELAY GRAND UNION BID
      86 9 Reuter CAVENHAM Ltd subsidiary Grand Union Co said the Federal Trade Commission staff agreed not to recommend delay in its tender offer for Colonial Stores Inc •stock at US$35 per share. The company said as a part of the agreement, Grand Union must hold
      Reuter  -  86 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      37 9 a division of PERKIN-ELMER is helping people the world over succeed with computers Let us help you, write or call: Perkin-Elmer Data Systems (Far East) Private Limited 30th Floor. UIC Building, Shenton Way. Singapore 1. Tel *****49
      37 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1492 10 Prices officially listed ln to the Slnfapoc* jrester■TirtUi Uw number of shares traded J**? ln brackets in lot* of 1.000 unotherwise specified Settlement Contracu are quoted after the word "iett Bit Board deal (In lot* of 2.000 unquoted after the letters 88. SECTION ONE INDUSTRIALS Anna (2.578) (4)
      1,492 words
    • Article
      Government bonds
      52 10 4 1/2% I/VB6 (250,000) (99.538 99.658) 4 3/4% 10/9/80 250.000) (99.958 100.108) 8 V«% T P IWBI-04 (250.000) (102.508 )f 037% 1/8/85 (250,000) (100.708 100.858) 7 1/4% 16/4/81 (250,000) (100.75B) 7 1/4% 16/11/ M (250.000) (100.75B) 7 1/4% 1/6/87 (250.000) (100.70B) 5 1/2% T P 1&V87 250 000)
      52 words
    • Article
      Stock options
      40 10 STRIKrNO 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 option# traded shown In bracket* 81m Darby (Sept $2.75) (0.83B):
      40 words
  • Article
    SHARE INFORMATION SERVICE
    2524 10 1978 Gr» Gr'i Net Low Last Dhr Div Y'W P/E Vol Day H*h Company Sale +or- C'rr COM) High Low Zu,' SECTION ONE INDUSTRIALS '259 132 Acma 259 +5 12.ON 1.3 4.6 28.1 38 259 253 238 123* Alcom 234 unch 10.0 2.2 4.2 17.3 1 234
    2,524 words
  • Article
    Unit trusts
    142 10 SINGAPORE (JN1T TRUST INCOME BOND UNIT (Nwm' prtem tar Am liamal p INCOME BOND nees) The Commerce 2.33 2.41 1.07 1.13 Th* Saving Fund 1.47 1.96 8'pore Prog Fund 1.13 1.20 *ARA BUMIPUTRA FUND 8'pore Security Kind l w 2.llxd First Bumlputra lor Aag 3.45 23) 3.50 S
    142 words
  • Article
    In Kuala Lumpur
    1898 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 ot>->rwlse specified. wouiTmlu Aama (2.508). Allnamata (2.898 2 908) (1) 2.85. Alum (2.408 2.448)
    1,898 words
  • Article, Illustration
    Shares see a recovery
    885 10 SHARE price* made a quick recovery an the Stock Exchange of Singapore yesterday. The weakness on Monday (which saw. the Straits Times Industrial index slipping more than Ave points) was carried over to the morning trading session. Trading volume was thin, however, as buyers and sellers
    885 words
  • Article
    KLSE closes slightly steadier
    604 10 PRICES staged a modest recovery In the afternoon to close on a slightly steadier note on the Kuala Lumpur stock market yesterday. Trading was moderate. A total of 5.92 million units worth M 515.30 million was transacted compared with 6.40 million units worth $16.97 million on
    604 words
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  • COMPANY NEWS
    • Article, Illustration
      Chinese paper shares riding high
      1199 11  -  By ARTHUR NG SUCCESSFUL applicants who have held on to their Chinese newspaper stocks have by now reaped a 1 return of about three times their capital outlay within a J short span of about ten months. Listed on Oct 31 last year, the Nanyang
      1,199 words
    • Article, Illustration
      Malayawata keeps itself on growth path
      400 11  -  By DAVID CHOW MALAYAWATA Steel, after the profit recovery achieved in the 1976/77 year, Just managed to stay on the growth path in the last financial year ended March 31. The 9.7 per cent boost In consolidated net profit to $8.9 million, must look
      400 words
    • Article
      COMPANY MEETINGS
      188 11 AMCOL Electrical Iadaotriee Ltd: AOM to be held at 7, Kampong Kayu Road, Singapore at 12 noon on Aug 24. Berjaya Kawat Berhad; AGM to be held at Jalan Utas, Shah Alam Industrial Estate, Shah Alam, Selangor, at 9.30 a.m. on Aug 26. Sentosa Plywood. Berhad: EOOM to
      188 words
    • Article
      DIVIDENDS ANNOUNCED
      261 11 Current payment Ex Date Books close Date payable Total for the year Total for previous y< Pegi Malaysia M Cement IIland and Pen Pan Electric S. Darby Uaec Loan Stk M Tobacco Berjuntai L. Perak B. Kawat UOB Alex Hld(t Rata Paper Prod Sel Prop Highlands and Lowlands
      261 words
    • Article
      SCRIP ISSUES
      105 11 Company Particulars Ex Date Books Close SentoM Great Eastern Life M'lia Feedmill* Synthetic Retiii Faber Merlin Bonus issue of 1 for 4 Bonus Issue of 1 for 2 Rights Issue of 1 for 4 ffl$ 1.00 per share Rights Issue of 2 for 5 @•1.00 per share Rights
      105 words
    • Article, Illustration
      Hong Leong set for rapid expansion
      965 11  -  By MANO SABNANI EXCITING times are on the horizon for Hong Leong Finance again. After four years of consolidation of Its wideranging financial activities, the group seems all set to take off In the current year with rapid expansion of its lines of business
      965 words
    • LATEST RESULTS
      • Article
        UNITED Asbestos Cement Bhd:
        40 11 Unaudited after-t&x profit M 57.21 million (*5.56 million) for year ended June 30. Final dividend 7.5 percent gross (same), payable Oct 13 to shareholders registered Sept 18, making total 15 per cent (20 per cent). f
        40 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      224 11 The combined effort of many of the woaldSs best medical mmdsMedical and Health Annual i This decade has witnessed tremendous number of new discoveries in medicine, and some of the greatest advances in medical knowledge the world has known. Keeping abreast of all these new developments is an awesome task
      224 words
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  • Article
    Lock icon US pledge to bolster defence of dollar
    831 12 AP THE US government is prepared to take wider measures to defend the dollar. Federal Reservechairman William Miller said the Fed and the Treasury are planning further action on how Che market behaves.'" However, Mr. Miller said the government is not going to
    AP  -  831 words
  • Article
    Lock icon Shopping for food products
    492 12 Agencies A 50-MEMBER Japanese trade mission will leave for a two-week tour of the United States on Oct. 15 to promote the Import of American food products, Mitsui and Company, a leading Japanese trading firm,announced yesterday. It will be the second mission of this kind to
    Agencies  -  492 words
  • Article
    Lock icon Kohmoto's trip will boost China trade
    372 12 Reuter JAPAN'S International Trade and industry Minister Toshio Kohmoto plans to visit Peking on Sept. 11 to discuss Increased economic cooperation Including more Imports of Chinese crude oil to Japan. Mr. Kohmoto will be the first Japanese minister to visit China since Foreign Minister
    Reuter  -  372 words
  • Article
    Lock icon CLIMATE FOR OIL HUNT IS GOOD
    456 12 AP, UPI THE US Embassy In Jakarta reports that prospects for Indonesian oil exploration are good for the rest of the year but cites some negative factors In production. The report said new Incentives for exploration, high level assurances and favourable revision of a
    AP,; UPI  -  456 words
  • Article, Illustration
    American Express to buy 20pc stake in Pacific Bank
    282 12 BANK NEGARA of Malaysia has given the go-ahead for American Express International Banking Corporation (AEIBC) to acquire a 20 per cent stake in Pacific This was announced in Kuala Lumpur yesterday by Tun Tan Siew Sin (above), chairman of Pacific Bank.
    282 words
  • Article
    Boycott fails to dent BA
    577 12  -  •y SIVA ARASU INTERNATIONAL Air Transport Association (lata) agents' boycott of British Airways tickets has failed to cut deeply Into the airline's revenue or load factor. The only effect has been that BA receives more deferred payments and this Is easily counteracted by Its "daily
    577 words
  • Article
    $23b, thanks to FAO
    192 12 THE FOOD and Agriculture Organisation Investment Centre has channelled more than US$lO billion (Ss23 billion) to 82 developing countries in the last 14 years, a FAO communique in Rome said. Half the sums invested came from the developing countries themselves. The rest was supplied by such
    192 words
  • Article
    LONDON STOCKS
    797 12 LONDON, Tues. Equity prices rose in moderate trading, dealers said, and at 3.00 pm.. the Financial Times index was up 4.9 at 524.1 after reaching a 1978 high of 524.8 at 11.00 a.m. Continuing confidence in the market's short-term prospects stimulated Institutional buying and lifted leading shares by
    797 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      193 12 IT PAYS TO CONSULT INDGSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES This week we are quoting the following for Singapore Dollar term deposits up to *****.000 1 month 5Vi% p.a. 3 months SJ/«%5 J p.a. 6 months 5 7 p.a. 9 months 5 7 /»°/o p.a. 12 months
      193 words
    • Advertisement
      Page 12 Advertisements Column 2
      71 12 This announcement appears as a matter of record only. August, 1978 PRESIDENT HOTEL SDN. BHD. (The Regent o!Kuala Lumpur) M $30,000,000 CREDIT FACILITIES Managed by 4SE4MB4NKERS M4L4YSM BERH4D Co-Managed by BUMIPUTRA MERCHANT BANKERS BERHAD Provided by MALAYAN BANKING BERHAD BANK BUMIPUTRA MALAYSIA BERHAD KEWANGAN BUMIPUTRA BERHAD PERWIRA HABIB BANK MALAYSIA
      71 words
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  • Article
    SHIPPING TIMES
    2519 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following lift tabulates, by port of destination tht mint of the ship, the shipping line involved, and the estimated dates bf arrival and departure from Singapore port. t Coojortimma SeanDnteh baa a Jatai ffter
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      498 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agent*: Barter Lin«s Singapore Pit Lid T«l: ***** Harrison* Crosliald Kuala Lumpur T*4:*****/59 Pamas-MISC Panang Te1:***** KIM9 Q SANKYO LINE] AUSTRALIA SERVICE P. Kabftf Singapore Leading for: MAYCARP 27/21 Aug 25/2« Aug AO£L, MEL. SYD PARADiS!"MOON 15/16 Sept 17/ IS S»pt *D£L. MEL.
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      516 13 g Seatrain Full Container Service m USA FIEDCRVSL S'POIE MOTHEI ttl HK OA* U WILF l/C AVenei 27/1 Sutra* 29/ I Ceecert 5/9 23/9 2 V. S3 Amui 1/1 SMtataa«*« 11/1 2»/9 2 Ml *.27 Full Container Service from USA 5/9 23/9 21/9 27/9 31/9 11/9 2t/9 2C/9 2/If VII
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      403 13 ALFRED C. TOEPFER GMBH REGULAR TIMBER SERVICE TO MEDITERRANEAN PORTS OF ITALY, SPAIN. FRANCE Disdiarfiftf Ports Sjletno/ Monfilcone BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP U.K. ACCEPTING THROUGH BILLS OF LADING TO MAIN U.K. DESTINATIONS P.Mmt S'pwt P.KMMI mm.DOMCFIAME 30 Au| «Sap ISep inTEßfflODfil TRfInSPORT ,wf VCO2: I 89«?
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      412 13 ANHSING LINE BESULAB SEMI-COHTMNEB/LINEB SEBHICt S'pw* P Hah* fmmn l«aM|ter UMON BOSTON 24/2* A* UNION AiISTBALIA 38/ IS* 14/17 ka| MMah UNION lEDOAH i/7Up» an h»nc t/u u* turn LORD STEAMSHIP CO. S.A. T tainan/stbaits/taibmn eipbess umr SWIK SPOKE P KELANC PENKNC TAIWAN LOONKSINC */is* 4/ss«p« LOON FAT 4/4 S*
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      12 13 FORTNIGHTLY SERVICE TO/FROM MIDDLE EAST LTL DUBAI B. ABBAS BOOKING TEL: *****22
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      724 14 SHIPPING i FULLY CONTAINERISED TO EUROPE Hwiftont Eipress Kittno Mm Kowlma Bif Iot»o Sir EXPRESS CONVENTIONAL TO EUROPE Spore PKelmj Pen Bilbao GtM) H'bu't Blu»en Rdim Antwerj, MunsterHml 21/9 4 9 IJ/9 23 9 14 9 16 9 Hoist enstetn 7/9 9 9 1/10 27 9 7/10 11/10 4/10 610
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      275 14 rs •D' 3 barber blue seo •Baiiifrnvto w w Front: US ATLANTIC US GULF t EAST CANADA LosAnieks San Francisco EIPRESS ARAB-AN AND 'RANIAN PQ*TS| FULLY CONTAINERISED SERVICE Go one better to the Middle East PRIORITY BERTHING DISCHARGE AT ALL PORTS AMAX COLUMBIALAND MARINER COLUMBIALAND Y'HAMA SAILED 2S/S 23/9 KOBE
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      706 14 LAND U.S.A./ ASIA SERVICE DRV REFRIGERATED CONTAINER SERVICE Mm* EVERY WEDNESDAY FOR TORTS IN USA CANADA. CARIBBEAN lAPAN ROMA. TAIWAN. HOWS *o*6. THAILANO AND PHILIPPINES DIRECT SERVICE TO MID-EAST VESSEL VOYAGE Vessel Arrives/Departs WORLD TIGER V 7 25 26 WORLD LION V 7 Aug 31 Sept 1 WORLD TIGER V
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      1075 14 Everett Lines r yH| Burma Five Star Shipping Corpn. jßk "BURMESE NATIONAL LINE" LOADING FOR RANGOON HTONEV9M (dock) 25/27 AUC PKASHWEGYAWYWA 20/20 AUC B F SS C Agents m Malaysia TEPS MALAYSIA Port Mang Tel (38) 7355 Penang Tel. *****/***** yLl* Compaoia Argentina Oe f Navagacion Intercontinental S. A. C.I.
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      836 14 .1 \K I) I\ I AM H Orient Overseas C<mici*ieA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S StAS BRIDGE 17W ORIENTAL RESEARCHER I NEPTUNE CORAL SN CHEVALIER PAUL 12» CHEVALIER RO2E 10* NEPTUNE PEARL 11W MERCATOR M ORIENTAL CHIEF IK 11/9 13/9 18 9 20 9 20/9 2/10
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      1417 15 OCL Overseas Containers Limited GMTAJNOBIIP SQVICE T» N^MTINCNT: NMMK MMCSWK «WSJ ItTANO MARU RQWLOON MT TMTI MT OENALOE* CARDIGAN MT CITY Of EOINOUFGN inn mt OENATON H'burg i P. Kelang D'ntark I 17 Aig II S«»t t II Saft st«t 34 saat 13 Sept 4 Oct t n stat ii
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      1063 15 Ben Ocean [jantsemce of Ben Line, Blue Fhnnei den Line and NSMO I UK'CONTINENT (vik Seel) Sitftsort t bitfi 'iw| 23 ZS Sep! If. 1 Oct :NC*CA:N»N 12/24 on HO SEA PORTS n/i« tut 12 11 Oct cceptiag iM ireakkulk cut*) II Oct Lenoes, Bi.bao, Amsterdam. Kail. 12 Nee lences,
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      975 15 BEN LINE blci CONTAINERS LIMITED N'OUPC »'HAVEN I'HV HAVRE SCTtM io m-m s»ppc» «SS* ux km 77 km ~~10 Sf>t~ 10 Sejt n hit 22 Silt 14 Sin Inlcin'e iihiu 1 C,7 1* sot It Safl 71 Sfft 21 Sa»t 74 S«»t JftaJL main 1 Saft KMI »S>fl nXflll Ml
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      961 15 1 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA NMi mm T bHi Vessel laore L S Mai 3} HMirg 4) »r| (If AMU Sailee Ml. lEJIMA la Part 1/1 1/1 11/ t 12/ i FRANCESC* I TITAMA 11/ M a ELEANORI 2/ RORRItAN t 21/
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      479 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. LOAIS FNLtS. AHtICA SAN CEOKE (Mauritius. Reunion. Ovrban. 1.1.. U.. Capetown) Kuantan If It M S poie M Aag'l Sep P Kelang T Sep rrm iui a torn apika rm unm. wnu SUSANNE SROU Pfiunj P. Kelang la Pt/2J S port H'U A*
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      1000 16 K LINE KAWASAKI KISEN KAISHA. 1 TP. WI1B1IJ IU4U1['1U1 (VIA SUEZ) IT CaataiMr »t«h to nmon S'aore P. Kelang L.Hayre Hburg Bremen R'daro A'wer IWWSEAS BRIBCE 17W 24 A n «*H 15 |!j{ }J JJ Si SJS «S? <S "»S• if pin m n Sift awt 11 act u Oct
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      786 16 R JUMABMOV SONS P T ITD T»< 9 9T 2bl 1 S i.n« AGENTS ÜBAIOULIA CO R JUMABMOV A SONS SDN B*D IM SON BHO Ku.« t "T Parang L *****6 8 POf Tri JBBit*:> AFEA LINE Nm Cwfirtoct SEMI-CONTAINED EXPRESS SERVICE S>re Mifdlnt Ripl* Strvicc DIRECT TO LA6OS APAPA
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      1048 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: 0 ENSPE (VIA SKZ)' s pore P. Shampton H bw| i. EVER SEAS niKEt w»« n*n 15 £2 EVEN SEAS HIKES 24 '4 DENTAL lESEAKNEI 31 1 Stpt EHUNE CMUU. 12 Stpt 14 St* MLYALIEI PAWL »S«pt HEVALIEI IOZE 21 Stpt 3 IEPTINE
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      750 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BERMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FRO* MED/UK/CONTINENT/SCANOINAVIA WOT WW ftMei Vessel S'poir n a *«a» »<1 Start ELEANOR* t»M HI MUM* ll PI B 1 FIIKIWI 25/ I TSVAMA 11/ B >•/ n/ lUIMU II t lIMICU 111 I H; 21/1 B EUANBu' 11/ HC <
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      802 16 INTRASEA (PTE) LTD. f .ibe- House Orcn.vd Ho.id Smq.ipo'e 9 Telephone *****11 MOM AIMMW RECRLAR IMKFCNKNT SERH/FIU CONTAINER SERVICE TO EMOPE S pore P Penauß LaMiK Mr IRISH iu win *«t M B04.t0i««. •tusu nil tSept 1 Immß "Pf" INTRASEA mi) lTr-m2fll-«MKINC-aM«I7 k.Tmmt vto snipping 1 TUMRC-awa. Titan Pm, INTER
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