The Business Times, 4 October 1978

Microfilm: NL9863
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 21M/78 WEDNESDAY, OCTOBER 4. I*7B SOCENTS
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  • BRIEFLY...
    • Article
      Lock icon Golden leap
      69 1 Reuter. LONDON, Tuea. The price of gold leapt to a record U*****.40 (*****.94) an ounce today continued turmoil in world currencies In spite of Switzerland's latest attempt to stabilise the situation. The battered dollar weakened further against major currencies and this sent the value of gold shooting up.
      Reuter.  -  69 words
    • Article
      Lock icon $ at record low
      69 1 at record low Reuter. FRANKFURT, Tues. The US dollar fell to a record low of 1.9268 deutschemarks on the Frankfurt foreign exchange market today two days after Switzerland announced measures to cut the Swiss franc's exchange rate. Dealers said the Bundesbank did not Intervene In the market. The dollar was
      Reuter.  -  69 words
    • Article
      Lock icon Fishing limits
      57 1 Reuter. MANILA, Tues. The Philippine Industry Development Council has proposed a law limiting fishing Inside a 370 km economic zone by Filipino nationals except by special agreement. At the moment, such fishing limits are Imposed only up to 22 km from shore, but the policing is made difficult
      Reuter.  -  57 words
    • Article
      Lock icon LNG exports
      62 1 Reuter. fm£ A £nn<' Tl ea Indonesia will export about 'our million tonnes of liquefied natural gas a year to the United States, Mining Minister Subroto said. Under an agreement, approved by the US DeparUnent of Energy the Initial purchase price J? ldoneslan has )een fixed at US$l.25
      Reuter.  -  62 words
    • Article
      POSB facility
      63 1 THE Post Office Savings Bank will provide safe deposit boxes for its account holders at its new branch at the Upper Serangoon Road Shopping centre, a spokesman for the developers said yesterday. The centre Is financed by POSB and buyers of the shopping units may also enjoy financing
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    • Article
      Lock icon Fair flights
      64 1 Reuter. HONGKONG, Tues. —''Hongkong and China today agreed to start special charter flights for businessmen flocking to the autumn ttade fair in nearby Canton the first airline passenger service from here to the Mainland since the 1949 communist takeover. The twice-daily flights on China's British made Trident Jets
      Reuter.  -  64 words
    • Article
      Lock icon Swiss cooperation
      67 1 Reuter. BERNE, Tues. Switzerland officially indicated today that it might cooperate with the new European Monetary System being put together by Common Market governments, as a way of holding down the value of Its own strong currency. Economy Minister Fritz Honegger told the Lower House of Parliament that
      Reuter.  -  67 words
    • Article
      Lock icon Dow Jones
      53 1 UPI. NEW YORK, Tues. Prices headed higher today in moderate trading of New York Stock Exchange issues. The Dow Jones Industrial average, ahead more than a point at the outset, was up 0.95 to 872.31 around 1500 GMT. Advances led declines, 508 to MO, among the 1,435 issues
      UPI.  -  53 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rites Most active GoilMM D Karamat SnauM UOI Nat Iim C*C NduClaiMn 710 1070 310 281 WO 525 190 352 +65 -1-30 +20 +13 +10 +10 +10 +8 Haw Par 344,000 UOI 230,000 UOL 160,000 Cm* Plant 139,000 &bm Darby 137,000 Total Turnover: 4.77 m Total Value:
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    • Article, Illustration
      In Kuala Lumpur
      152 1 Rises Most active Guinness 7.40 .55 Haw Par 477,000 N Iron Austral E 6.00 2.75 +.20 +.15 S Darby M. Credit 333.000 240.000 OCBC 8.70 +.15 F Merlin 150.000 U A C 3.28 +.12 Total Turnover: 3.52 m Oriental Par Dev 4.38 2. SO +.12 +.10 Total
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  • Article
    TY asks Sime to account for it
    1026 1  -  PLEA TO SHAREHOLDERS By MANO SABNANI, GERALD COLVERD TURQUAND Youngs has challenged Slme Darby's proposal to replace It as auditor of this laigest nonbanking conglomerate in the Asean region. TY said the only reason Sime has given for the proposed change is that
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  • Article
    Kreps makes it plain to Tokyo
    191 1 US Commerce Secretary Juanlta Kreps warned yesterday Japan's huge and still growing trade surplus could trigger protectionist legislation in the United States against Japanese exports, and lead to a breakdown In bilateral trading relations. Mrs. Kreps said the Japanese surplus with the United States
    191 words
  • Article
    Final study on aluminium plant in Sabah
    526 1  -  •y RONNIE LIM A LEADING European aluminium producer, Aluminium pechlney, with the South Korean Hyundai Heavy Industries group, has signed a contract with the Sabah government Jointly to undertake final feasibility studies for a Mgl.O billion (U***** million) aluminium i complex on Labuan
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  • Article
    ESSO (M) LOAN
    160 1 THE MORGAN Guaranty Trust Company, of New York is in the process of wrapping up a US$2OO million (***** million) syndicated loan to an oil company operating in Malaysia. The borrower is Esso Production Malaysia Incorporated. which is a whollyowned subsidiary of Esso Eastern Inc. Co-managers for
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  • Article
    Lock icon ITC chief confident US will not disrupt market
    283 1 Reuter THE United States would p not adept a tin stockpile r release policy that would j disrupt the tia market, Peter Lai, oaocutlvo chairman of the International Tin Council (ITC), said touiterviewed in the new London commodity journal Commodity World, on
    Reuter  -  283 words
  • Article
    EDB loan schemes to the rescue
    484 1  -  «y JOHN TAN THE Economic Development Board has approved a total of 940.1 million In loan* to manufacturing firms under two schemes to aid fledgling companies. Under the Capital Assistance Scheme (CAS) a total of 12 projects manufacturing a variety of sophisticated products have
    484 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      6 1 rr r-> X 41 mm Mm
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    • Advertisement
      Page 1 Advertisements Column 2
      66 1 see back page BIRKART FREIGHT NEWS LCL AND FCL CONSOLIDATION SERVICES FROM SINGAPORE KUALA LUMPUR A PENANG to HAMBURG ROTTERDAM SOUTHAMPTON LONDON HONGKONG AUSTRALIA SIMPLIFY YOUR EXPORT ARRANGEMENTS AND SAVE COSTS For rotes and further details contoct: Birkart SowH>wt«il« Pte. Ltd. Suite 1004, CPF Building 79 Robinson Rood, Singapore-1 Tel:
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    • Advertisement
      Page 1 Advertisements Column 3
      3 1 p«* SHIPPING TIMES
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    • Advertisement
      Page 1 Advertisements Column 4
      160 1 )/:?"("[\:]_{(,{-!\,+(<&]^\<+": u i hr/ ii ii Mr. Aocfty Chm, Accounti antf Sysiamt Consutttnt, Waico. Svogepore "I believe in mechanisation and a high standard of service. That's why when it comes to switching over to machines, I chose Olivetti. The Olivetti electronic accounting system is about the best I've seen. The
      160 words
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  • TRADE AND INDUSTRY
    • Article
      Cable link another Asean milestone
      298 2 THE INAUGURATION of the Philippines-Singapore submarine cable yesterday is a tangible manifestation of what Asean cooperation can accomplish. It reflects the successful efforts of Asean nations to carry out Joint endeavours beneficial to all. In addition, with the implementation of the entire Asean cable network,
      298 words
    • Article
      Japanese mission to probe capital inflow
      166 2 A tt nwiter Swey Missies of Overseas Investment Activities sf Japanese Brtwpriw will arrive la Wigipwn tomerr*Dw4sg*tMr vftrtt,til Oct 8, the tenm will study ways te expand Ispnnese private ln»tatmunl la harmsay wtth the Iseal eeeaeThe team, from the Ministry of latenatlsaal Trade aad
      166 words
    • Article, Illustration
      Meeting over green revolution of the future
      521 2 AGRICULTURAL leaders from throughout the AsiaPacific region will take part in an international meeting in Singapore from Oct 30 to Nov 2 to explore ways to increase food output in this part of the world. The 14th Asia-Pacific Food Production Conference, sponsored by
      521 words
    • Article
      Soxal buys latest system
      192 2 SINGAPORE Oxygen Air Liquide (Soxal) has signed a 3500,000 order for the latest ICL 2903/40 computer system. The total project cost includes hardware, software and applications development cost. As part of phase one of Soxal's computerisation plans the accounting procedures of the Special Gases division recently
      192 words
    • Article, Illustration
      The industry rests on three pillars
      813 2  -  EAST ASIAN INSURANCE CONGRESS By TSANG SAU YIN INSURANCE legislation and supervision, management competence and technical know-how, and risk carrying capacity; these are the three conerstones of any insurance market in the opinion of Mr. Chew Loy Kiat, general manager of The Insurance Corporation
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    • Article
      THE PITFALLS
      378 2 INTERNATIONAL insurance has become highly sophisticated and those countries aspiring to write an international portfolio must be made aware of the many difficulties and pitfalls for the unwary. Speaking on "The benefits of an international portfolio," at the ninth East Asian Insurance Congress yesterday, Mr.lvor Binney, a member
      378 words
    • Article
      Insurance in fine shape
      652 2 THE growth rate of the insurance industry in East Asia is much higher than the world average, the president of the East Asian Insurance Congress, Mr.Un Hoe Park, said yesterday. He told the EAIC conference that the world insurance industry had shown remarkable growth during the
      652 words
    • Article
      Sanjo tools show
      144 2 FOURTEEN Japanese manufacturers from Sanjo City will participate in an exhibition of handtools and hardware products which will be held in Singapore on Oct 6-7. The Japanese manufacturers will display about 600 newly-developed handtools, household utensils, measuring instruments, garden tools and car repairing kits. The mayor of
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    • Article
      MEMO PAD
      308 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt Information system (MIS), SIM. SIM Sept 26-Oct 12: Industrial Relations. Holiday Inn. P.O.D. Oct 3: Management by objectives. Hilton, Consulasla. Oct 5-6: Mergers for managers, Hilton. Consulasla. Oct 6-28: The effective executive, SIM. SIM Oct 10-13:
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      82 2 This xtion-picked Salts Course •tywrpfatecttw DALE CARNEGIE SALES COURSE INSTITUTE OF SUCCESSFUL LEADEMSM4P Attand a Frw Swato*... an* team haw Mw 04* KUALA LUMMUM FUSS MBVMW SINtON TOMOMOW EVEMtMO-5 OCTOMMM IS7S AT MX P.M. INSTITUTE OP SUCCESSFUL UADBMIW 1»-0, Mw Ipafc, (SMI Hmt), »M Mm MM* Kaala Lmmpmt, S3-IX. TilisHiwi
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      661 2 TWO-IH-CRYPTIC PUZZLE ACROSS Rose, given a mare on request (0) 7 Something to make up for (4, 4) 8 Excellent, as form? (6) 10 Plain to many a listener 13 Robin, able to fool people with a wink (4) 14 Buckingham Palace occupant? (4) 15 Thoroughly used to being won
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      658 3 4 A rare opportunity to own a unique mintage Including the workfc first 100 Rouble coins in gold. v 4 S f* t ->'» K i #*?«•:< >i rs/> i 'i /.v t The tint issue 100 Bauble gold coir, reverse enlarged/or detail. Common obverse to whole programme shown hen
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      490 4 THE SINGAPORE rubber market yesterday closed higher with October One RSS buyer noted at 256.50 cents per kilo, up 2.25 cents on Monday's close. The market was taken to a peak of 262.50 cents for November In fairly active afternoon trading on continued buying Interest. However,
      490 words
    • Article
      RAS PRICES
      340 4 Prices In cenu per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f o b. Int. 1 R.S.S. Oct Int. 1 R.S.S. Nov Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. tat 5 R.S.S. UK/Cont. Buyers 254 25 255 50
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    • Article
      SSR AND SMR
      78 4 NOON SSR and SMR prices yesterday: RAM October (Currant Mth) Buyer* Mtan (eeata par kg) Novmbtr (Farward Mth) (cent park*) SSR 20 SSR SO (1-ton pallet) (1-ton pallet) 229.00 227.00 231.00N 229.00N 230.00N 220.00N 232.00N 230 00N MRELB SMRSCV SMRSL SMRS SMR 10 SMR 20 SMR SO
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    • Article
      Closing prices
      31 4 Rubber Oct 3 Singapore: Oct 256.50 cents (up 2.29 cents) Malaysia: Oct 262.90 cents (up three cents) Tin: M 51,910 (up $30) Official offering: 131 tonnes (down 49 tonnes)
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    • Article
      Rice
      194 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollar* per tonne F O B. harif Btnckok): Wkito Rio*: 100 pet lit class 402. 100 P:t 2nd class 387,100 pet 3rd class 382. pet 377. 10 pet 352. 15 pet 347, 20 pet 342. 25 pet 332. 35
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    • Article
      Produce exchange
      367 4 THE BINGAPORE produce market was quiet but steady yesterday. Prices stagnated. Copra prices managed to stay steady despite .an easier market for oilseeds lyIncreased production of palm oil as a result of seasonal fluctuations, has led to an easing of palm oil prices. This should have had an
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    • Article
      Hongkong comex
      382 4 THE sugar market yesterday closed easier after New York's higher close on Monday in fairly quiet trading, dealers said. The number of lots traded rose to 12 from Monday's five, while falls were limited to around five US cents. January was quoted at a closing 9.15/20 against 9.20/30
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    • Article
      Coffee
      215 4 ROBUSTA futures in London yesterday Initially lost as much as Cl 3 In January at C 1.453 at the opening session before trade and local dealer buying emerged to make for a steady close with January eventually C 4 lower at C 1,461. Overall losses against Monday night were
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    • Article
      Palm oil
      83 4 CIC North European port*. In US dollar* per ton uni LONDON: less otherwise si Monday Puita— Malaysia s£ ffa bulk per tonne November 8umatra 5% ffa bulk September October November December January February Nigeria 5* (fa bulk st( 80S sir unch 830 sir 815 sir 600 slr/595 pd
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    • Article
      Cocoa
      153 4 TERMINAL cocoa ended the opening call In London yesterday €14 up to unchanged. Traders attributed (he overall advance to steadiness In New York backed by an underlying dealer shortcoverlng Interest for forward shipment cocoa, particularly Ghana, on a differentials basis. However, they said manufacturer inquiry for physicals was limited.
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    • Article
      Straits tin
      222 4 THE STRAITB tin price In Penan* yesterday rose MB3O to $1,880 per plcul. The sharply higher tone was attributed to very low supplies of metal from miners and strong continuing local U8 and Japanese support prompted by Monday s firmer London closing. Turnover fell to 131 tonnes from
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    • Article
      Sugar
      237 4 THE LONDON dally raw sugar price yesterday remained unchanged at till.oo, while the white sugar price fell CI to 1*111.50. At end morning, raw sugar futures were £0.45 down to £0.10 per tonne up in a turnover of 1,105 lots. Values eased slightly after a steady opening under mixed
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    • Article
      Lead
      98 4 LEAD finished the morning up C 0.25 for cash and £5.50 for Three Months in London- yesterday. The market remained buoyant on further trade short-covering and chart buying which took Three Months up to the highest level since mid-May 1977 at C 386 per tonne. Profit-taking shaded values In
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    • Article
      Zinc
      70 4 ZINC finished the ring up £7 for cash and £6.5 for Three Months In London yesterday. This metal was firmer aided by the trends In lead and copper, with chart buyIng and trade shortcovering taking Three Months up to £354 per tonne in the ring, the highest level since
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    • Article
      Soybean
      189 4 CHICAGO soybean futures on Monday closed just below the day's highs, ending the session 10* to nine US cents a bushel higher. The market firmed Initially on less than expected farmer selling over the weekend and a lack of selling In the pit. Additional buying later was prompted by
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    • Article
      Wheat
      84 4 WHEAT futures maintained strength through the session to close within one cent of the day's highs and post gains of 5* to 2W US cents a bushel in Chicago on Monday. The market derived support from widespread expectations of large-scale export business in the near future and steady to
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    • Article
      Copper
      312 4 COPPER wlrebars In London yesterday finished the morning up C 5 all round. Values were given a boost on the pre -market by the trend at New York with short-covering and chart buying taklns Three Months up to 1773.5 following the penetration of a major trade point at L'76B,
      312 words
    • Article
      Silver
      193 4 THE Honekons silver futures market closed unchanged at HKf 261.00 per 10 ounces In continued tnin and featureless trading, There were again no trades recorded, and the day's fixing price was steady at HKSttI.OO. In LONDON yesterday, silver advanced by 4.1 to 4.3 pence, the movement taking the market
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    • Article
      Gold
      415 4 THE KILOBAR In Singapore yesterday opened at Sf 15,779 ana closed at $15,754. The highest and lowest prices or the day were $15,781 and $15,743, respectively, and the tone of the market remained quiet. Spot (old for London delivery opened at US$2lB.BO/10 and closed higher at U*****.95/20. The highest
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    • Article
      Aluminium
      77 4 ALUMINIUM closed CI higher for Three Months In London yesterday. Dealers said trading was quieter than at Monday's opening of the new contract as operators appeared to be adopting a cautious attitude. Moderately higher premarket levels were not maintained in the ring where profit-taking developed in the absence of
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        460 4 THE US dollar was steadily traded down against major currencies on the foreign exchange market yesterday. Against the yen, the US currency opened at 188.90/00 and was brought down steadily through the day's trading. Early trading on the London exchange saw the dollar at the day's low of
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      • Article
        Asian $ & CD rates
        173 4 Asian CD rates ASIAN currency deposit interbank rate* u at cloee on Oct 3: US Mia «(■»•*> omm BM 7d*jr* .1 11/1 1 mth .#1/0 #V1« 2 mthi #V« 5/ia 3 mth* yn 11/0 Omth* ,%T% 01/4 mth* oa/4 12 mth* .17-1 9 3/4 tor. Pre. (MM Dm*. Mm) 1
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      • Article
        Discount
        42 4 RANOE of price* offered bjr dlaeou houMs on Oct 3: wmrufiH Can depot: rwm IU t%% Ml 3-month TrMinrblll J-month Bank Bllh J-month CD 6-month CD B-jrtaj Mk( It/if 1T/M n/it t/ie 1% 7 1% 7% Source: National Discount Co Ltd.
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      • Article
        MLR
        17 4 THE avmfi rate at which 81 thafr"?! 1 1 *Ti iiilTw lis is 7Ji per eng.
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      • Article
        Euro $ rates
        113 4 Euro rates LONDON Eurodollar deposit rates yesterday tended firmer in quiet early trading after a steady to firm opening. Dealers said the firmer tone was In reaction to Monday's falls, with tightness of funds apparent yeetsrday after the offend tendency an Monday, possibly due to uncertainty as to whether the
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      • Article
        London
        248 4 THE deutschemark yesterday continued to strengthen in the wake of the Swiss National Bank's weekend package, opening against the dollar at 1.9245/60 marks before moving back to 1.9260/70 after 1.9324/34 overnight. The market was nervous ahead of Swiss Economy Minister Fritz Honegger's speech to Parliament yesterday morning. Mr. Honegger
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      • Article
        New York
        219 4 THE DOLLAR closed mixed against major currencies, while the Canadian dollar sank to another 45-year low of 83.86/ 88 US cents on Monday. This compares with its opening 84.23/ 25 and Friday's close at 84.46/ 48. Dealers said there were no new factors to account for the Canadian
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      • Article
        Frankfurt
        47 4 FRANKFURT exchanges opening quotes on Sept 3: US 1 0306/20 (1 0315/30) Can 1.6150/M 8tg 3 795/805 D PI 92 05/15 8 rr 121.S0/M Ut 2 344/354 P Pr 44 52/02 N Kr 27.70/M B Pr (con) 0.343/363 B Pr (ftn) 6 043/053 Yen 1 0210/30
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      • Article
        Tokyo
        132 4 THE US dollar for overnight delivery yesterday closed at 188.90 yen, up from a 188.70 opening but down from 189.80 at Monday's close. The US currency steadied in quiet late trading after some fluctuations, following an early fall triggered by selling by foreign banks to buy yen reflecting Its
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      • Article
        Hongkong
        144 4 THE U8 dollar yesterday was quoted Uttle changed from New York's closing levels and its opening here In quiet, late trading.. It was quoted at a late 1.5870/920 Swiss francs from New York's 1.5870/90 :lose and Its 1.5000/50 opening, at 1.0310/10 mirks (1.9890/40 and 1.9320/80), and at 188.70/80 yen
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      • Article
        Zurich
        59 4 ZURICH exchanges closing quotes on Oct 2: US 1MM-SSM Stg 3.12M-12M Can 1.MM-M14 D Mk BOS -MM D PI 78 0081 MM P ft M.MM-7MS B rr 5 2123-2290 O Kr M 0833-74M N Kr SI 007}-MM 8 Kr MMM-MMM UtO 1020-1034 Am arh 11 3302-3902 Port 3 4874-3083
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      • Article
        Australia/NZ
        42 4 AUSTRALIA and New Zealand exchanges on Oct 3: AUSTRALIA: US dollar 1.1SS6/1 US Sterling I JNMiM Ninety-day airmail bujnnc rates starling 0.0103 US dollar l.ISM SaMlS"-* US dollar 1 IMS NEW TEALAND starting tmutisn USdoflar 1.M46* 0646 sss^asr" US dollar 1.0MB.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      369 4 The Hongkong Land Company, Ltd: "Continuing active growth" Group Earnings Increase by 49.1% for half year to 30th June, 1978, due principally to the incidence of Chi Fu Fa Yuen profits. Full year's earnings should exceed S$ 129.6 million (*****.9 million in 1977). Dividend Announced Interim for 1978 of 6.57«
      369 words
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  • TRANSPORT
    • Article
      Lock icon MHI delivers survey ship
      117 5 UPI. MITSUBISHI Heavy Industries (MHI) has delivered what it said is the world's most advanced seismic survey ship to Mobile Shipping and Transportation, a division of Mobile Oil Corp of the United States. The 2,573-tonne T.W. Nelson, specially designed for extended operations under severe weather conditions,
      UPI.  -  117 words
    • Article
      China, HK air talks
      100 5 REPRESENTATIVES of China's Civil Aviation Administration has held talks in Hongkong with government officials on a proposed air passenger service between the south Chinese city of Canton and Hongkong. It is expected there will be two flights daily starting 0ct.12, three days before the opening of
      100 words
    • Article
      Tariffs up 12.5pc
      58 5 THE India-Pakistan, Bangladesh, UK and Continent (Karmahom) Shipping Conference will raise westbound tariffs by about 12.5 per cent from December 1. At the same time, the conference will reduce the bunker surcharge to 10.35 per cent from 11.35 per cent. A separate concessional freight increase of 7.5
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    • Article
      YARDS MUST GRASP THE SITUATION
      1547 5  -  To contend with increasingly hostile international competition, writes Mr. P.H. Meadows, chairman and managing director of Far East-Levingston Shipbuilding (FELS), Singapore ought to rationalise its rigbuilding activities. In a wide-ranging article on the struggle for survival by local shipbuilding yards published recently in the shipyard's
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    • Article
      Lock icon Airport strike
      99 5 AP. MAJOR international carriers to Fiji have beensuspended because of a strike by ground service workers at the Nadi International Airport, Director of Civil Aviation Michael Varley said. The airlines are Pan American, Air New Zealand and Canadian Pacific Airways. The Australian airline, Qantas, which operates the ground
      AP.  -  99 words
    • Article, Illustration
      SHIPS IN PORT
      305 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1500) 19 Gerbera (1200) 44 Hadji Agus Salim (1930 after Kailok) 18 Hugheverett (1800 after Reefer City) 40/41 John Bakke (after Primera Peak and Saint Louis Maru) 35/36 Kamensk Uralskiy (2300 after Anco Empress )m 13/14 King Tower (after St.
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    • Article
      FAR EAST FREIGHTS
      867 5 MANY PARCELS are available for negotiation between shippers and owners. A few tugs have recently been sold, though the sale and purchase front is quiet. But many banks are pressuring owners to sell and scrap vessels are in demand. New port development is progressing well in Malaysia
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    • Article
      A.Lingus to spend $1.1b on aircraft
      107 5 AER Lingus has announced that it will spend £250 million (Ssl.l3billion) on new planes in the coming 10 years. Managing-director David Kennedy said its Boeing 7075, BAC-llls and other planes were unlikely to meet noise and pollution standards of the *****. The company needed
      107 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      718 5 ARRIVALS Servico Local Operator Nuber Tbae Froa TMA TL375 0530 BEY/DXB/ BOM/KUL MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP GIA GA980 1030 HLP THAI THG423 1035
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      27 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us to onward reser -IT ou> local at ions entertains nightly at The Belvedere Act I. bfetnitMrfMM
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  • Article
    Decision lies with Sime holders
    564 6 THE SIME DARBY board's Intention to change its auditor after being with It for the last two decades may not at first seem strange. Companies are perfectly entitled to change their auditors If they feel that someone else can do the job better. In fact,
    564 words
  • Article, Illustration
    MAS FLYING ON WINGS OF GOLD
    1109 6  -  MAS has announced record profits recently for a financial year marked by higher passenger load factor and cargo tonne kilometres. But WONG WAI LIN reports that danger lies ahead the danger of cut-price flights between Australia and Britain squeezing out South-east Asian airlines. WONG
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  • Article
    Lock icon Mafia hooks on to US smoke trade
    343 6 Reuter THE WORLD'S big tobacco companies are facing competition from the Mafia, which has moved heavily into the bootleg cigarette trade in the United States. According to a United Nations report just published, New York's five organised crime gangs were estimated to have
    Reuter  -  343 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      160 6 0 A i Cream Sherry You don t have to pay a high price for a good Cream Sherry. Aftotfeer quality product iron £0 itu Hotel Royal-RAMADA Newton Road. Singapore 11. Republic of Singapore Telephone: *****1. Telex: R*****4 Cables: MOTELROYAL mpepor*§ cCJHLQjr T I Indonesian set lunch daily for lovers
      160 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      72 6 WEATHERS c r r WKA THER outlook for Singapore from 6 a.m. to noon today: Mainly fair ■•port tor S4 hears prior to 7.30 pm on Oct 3 at the airport: Miiifua Temperature 31.5° C A -1 A 1 If 1 Jlx AMocimtM nimnity 69 Minimum Temperature 24.0° C Aaeodated
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      263 6 mwmmm SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Honest John Returns (Repeat) 3.30 Diary Of Events (Malay) 3.35 Bonanza Blind Hunch 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction Goodbye Mr Chimp (Repeat) 6.30 News in Brief 0 6.35 Timang Tinggi Tinggi (MalayRepeat) 7.05 Candid
      263 words
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  • Article, Illustration
    Lock icon US textile issue puts Strauss in a tight spot
    750 7  -  By CLYDE FARNSWORTH NYT TttS US TEXTILE and apparel industry, whsch employs one out of eight Americans work in manufacturing, is already making its weight felt in the battle over importa and causing aome anxioua momenta for Mr. Robert Strauss, the
    NYT  -  750 words
  • Article, Illustration
    Lock icon This bank needs deposits of development data
    730 7  -  More than 100,000 reports on development projects are produced every year and most go to waste. A computerised information bank is being set up to enable developing countries to benefit from each other's experience. ALEXANDER DOROZYNSKI reports. ALEXANDER DOROZYNSKI FT. IT IS estimated
    FT.  -  730 words
  • Article
    STRAWS IN THE WIND
    321 7 READERS of our daily cartoon "Bristow" have been regaled with ominous com-nme-nts on the state of British Rail and its operators. But a London report has come up with the softer side of an establishment that, to poor BriStow. is crawling only with irresponsible stationmasters and
    321 words
  • Article
    Lock icon Camp David boosts US financial diplomacy
    750 7  -  FOBUMi 1 ...on i finance jt *r WILLIAM KEEGAN OFNS. ANYBODY who asked President Anwar Sadat and Prime Minister Menachem Begin what effect their Camp David talks with President Carter had on the International Monetary Fund and the proposed European Monetary System (EMS) would
    OFNS.  -  750 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      351 7 #»ai :W\ *V nil in Enchanted evenings in line European tradition. Mirabelle All the ingredients for an enchanted evening are here Mirabelle Romantic candlelit setting with gentle music from strolling minstrels. Vintage wines to go with superb French cuisine (our chef recommends Rosette of Berf Prince Wellington. Noiaette de Chevreiiil
      351 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      49 7 snstcw: Fxlelß D:c&enS I P*rs&£»4oo». POR BRiSTO*) m u sm HOT fVCRMCP UI6JDOMG SoBScRiPTo4, SO«tL>(P no—rm cou££T»lC> R#.\ i'Twe yov-p Folks Home J \VS> OUT P«T WP»Rfv\£.y sex in rne h€.r£t of jrne coutsiTtLvsir^ Depc littl£_ pLftce LIKE A Bu»U>4G UMTM PiTHRTtWGD «OOF, f^4C£. rno ROUND THC SWF GNTRFVCe
      49 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Blue chips firmer
      1142 8 NEW YORK STOCKS pushed higher in slow holiday trading on Monday, helped by a firmer tone for glamours and blue chips. Analysts said the gains were mostly technical and came with many traders observing the Jewish New Year holiday. They said investors remain concerned over rising Interest
      1,142 words
    • Article
      Paris eases slightly
      475 8 EUROPEAN] MARKETS I THE PARIS market eased slightly on Monday following the rally last week. In cars Peugeot-Cltroen eased, as did constructions, stores, electrlcals and oils. In higher engineering shares. Poclaln was notable. Metals were generally mixed with Nvale Dunkerque steady, Locafranee lost ground In mixed banks
      475 words
    • Article
      Paris
      268 8 OCT *2 Fr» CORBEILLE Air-Llqulde 378 unch B 8 N Oervals Danone 600 4-9 C8F(ThomjonCsf) 4ie.ao -12 Cle Francalse des Petroles 144 ♦3.5 Compagnle Financier* Compagnle +0 9 Generals 424 Credit Fonder De France 390 -5 Hachette (Llbralrle) 285 •4 Machines Bull 57.(0 -1.2 Mlchelln(B) 1455 ♦S Parlbas 215
      268 words
    • Article
      Zurich
      188 8 oct n Francs Actions Sulsaes 288 unch Alusulsse Br 1055 15 Alusulsse Reg 473 4-13 Brown Boverl Br. 1585 +5 ClbaOeify Br. 960 35 ClbaGelgy PC 745 15 Clba Gelgy Reg Credit Suisse Br 588 +8 2295 +50 Credit Suisse Reg 438 ♦3 BektrowattBr 1880 unch Oeorfc Fischer Br
      188 words
    • Article
      Brussels
      92 8 OCT *2 Fti FORWARD MARKET Acec 440 -3 Arbed 2500 Astur 740 unch Brascan 401 -8 Bru-Lamb 1640 -9 Canpac «3« •4 Cock 4M •4 De Beers 217 -9 Ebes 2310 -9 Electrobel A820 10 Qb-Inno-Bm 2490 50 Gev 14M -12 Hobok 2950 unch Pelro 3780 +5 Ryl Dutch
      92 words
    • Article
      Amsterdam
      208 8 oct a ru ♦A ABN 377 50 ♦5.5 Ahold 120 20 1.7 Ak» 32 so ♦0 8 AMEV 01 00 ♦2.5 Am fax 112.50 1.5 Amrot Bank 78.50*11Bergoss 60.50 ♦0.5 Berk M00 -0 5 Bo Is 76.00 ♦0.5 BoreumlJ 164 50 1.6 Burhmann 73.50 1 Byenkorf 98 50 unch
      208 words
    • Article
      Milan
      100 8 OCT Lire Anlc 105 75 -8 Assoc On ***** 1130 Bastofl 450 +20 Cent rale 5860 181 Fiat 3057 +243 F Insider 190 50 +0.5 Oen Immob M 1.75 IFI Pri 2850 +210 I talc* menu ***** 1750 I taigas 804 +5 Italslder 385 -S Magneti M Pf 540
      100 words
    • Article
      Frankfurt
      229 8 oct n Dm Aef-Telefunken 87 70 ♦0 2 Akzo 30 10 ♦0.1 Allx Leben All* Vera 527 ♦7 BASF 142 00 ♦0.8 Bay H T Wbank 296 ♦8 Bay Vbank *44 SO ♦S Bayer 144 30 ♦0.5 BBC 315 SOB BMW 231.80 ♦2.3 Caaaella Chem Ver» 287.10 -19 Commerakank
      229 words
    • Article
      Lock icon Investors cautious
      577 8 TOKYO Source: DBS-Daiwa THE Nikkei Dow-Jones average declined slightly yesterday as Investors continued cautious against the recent sharp rise and Increasing margin debt. Turnover was heavy with an estimated 3<to million shares changing hands. In the morning session, government-expenditure-rela-ted Issues such as bridge makers, wire and cable Issues
      Source: DBS-Daiwa  -  577 words
    • Article
      Hongkong
      351 8 THE market staged a technical recovery from Monday's oversold position In quiet trading and the Hang Seng Index rose 5.61 points to 622.53, dealers said. Hongkong Bank rose 30 cents to HK519.50. Hongkong Land and Jardlne Matheson 20 cents to $11.70 and *17.40 respectively and Hutchison Whampoa five cents
      351 words
    • Article
      Sydney
      207 8 OCT Genu INDUSTRIALS A. C. I Ill -1 AN I ISO unch A P M 1» ♦I Am do! Pet. as unch 800 -8 706 unch Bora! 26J •7 Brambles 2128 C B A 288 I C.S R 350 •10 Coal Allied unch Dunlop 141 ♦1 Et Ind. 302
      207 words
    • Article
      Manila
      139 8 THE market closed mixed yesterday, with minings posting gains white commercials and oils declined, dealers said. Turnover rose to 25.30 million pesos from Monday's 19.79 million. Gainers were Benguet Con B. Lepanto B. Philex B and Oriental B. Losers included Acole Mining. Pogel, Beafront, CDCP. Meralco. PLDT and San
      139 words
    • Article
      CHICAGO BOARD OPTIONS
      1982 8 October 2 CHICAGO Board Options Exchange volume shrivelled to 68.564 contracts on Monday from 118,906 last Friday. OPTION8 OCT JAN APL STOCK Alcoa 40 61/4 UNTRD UNTRD 461/4 Alcoa 49 17/6 6 91/4 461/4 Alcoa SO 9/16 1V4 S 461/4 Am Exp 30 UHTRD UNTRD NOL 147/1
      1,982 words
    • Article
      Bangkok
      280 8 THE market closed mixed yesterday and the Book Club Index rose 0.43 point to 184.78 In active trading, dealers said. Bangkok Investment rose 28 baht to 346, General Finance six to 376. Lee Kwang Ming Trust eight to 217, Rata Finance 50 to 1,450, Slam Credit six to 408
      280 words
    • Article
      Jo'burg
      396 8 OOLD shares closed mixed on Monday, with a fractionally easier bias In small volume. The quiet trend was attributed to the Jewish New Year holiday. Gains ranged to 2S cents while losses were between five and 10 cents Mining flnanclals were selectively harder. De Beers was unchanged at 775
      396 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Monday 499.2 Friday 500.6 Week Ago d«9.4 DOW JONES AVERAGE INDUSTRIALS Monday 871.36 Friday 865.82 Week Ago 862 35 LONDON DOLLAR PREMIUM Monday 82 to 82 V, Friday to 84*, H.K. HANG SENG Tuesday 622.53 Monday 616.92 Week Ago 632.47 SYDNEY INDUSTRIALS Tuesday 471.45 Monday
      63 words
    • Article
      Toronto
      322 8 THE market closed higher on Monday in moderate trading highlighted by a strong gain In the pulp and paper sector. The composite Index rose six points with advances leading declines 272 to 145. Price Co, the most active Industrial, rose 2W to 22* on 89.765 shares and Abttlbl to
      322 words
    • Article
      Lock icon Sandvik terms fixed
      79 8 BONDS^LQAN'SJ Reuter THE FORTHCOMING 85 million franc 12-year boftEf issue by Sandvlk AB win bear a coupon of 4 per cent and issue price 100.5 tfcf cent. Credit Suisse said tOfT loan is partly designed to convert the former 80 million franc'l per cent bond issue due
      Reuter  -  79 words
    • Article
      Lock icon Kontrollbank
      58 8 Reuter >JlliK OSTERREICHISCHE Kofi*. troHbank said arrange-*-ments were completed fra* 10-year US$5O million issue of guaranteed floating ratr notes. > 1 The notes, issued at have a coupon 1/4 per cent above London interbank offered rates, with maximum interest fixed at I per cent. Managers are European Banking Co
      Reuter  -  58 words
    • Article
      Lock icon INDONESIA
      33 8 Reuter •of o. THE 150 million mark sixyear 7 per cent Eurobond, for Indonesia will be issued at 99-1/2 per cent, bond market sources said. Lead manager Dresdner Bank Aa. 4 ,mn
      Reuter  -  33 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      139 8 NOW in FONTANA Paperback H fi 2 TP 9 u m 1 Bft® "Power and poignancy descriptive brillance." THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are no heirs fit to suceed
      139 words
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  • OVERSEAS
    • Article
      Lock icon Britain is meeting more home demand
      929 9 SIGNS OF EXPORT REVIVAL AFP. THE recent sharp upswing In VK domestic demand is apparently being met more from home production than in previous consumer booms, said the Confederation of British Industry. warning that the evidence for this trend must be tentative, the CBl's
      AFP.  -  929 words
    • Article
      Lock icon SEC to clamp down soon on broker abuses
      219 9 Reuter. THE US Securities and Exchange Commission (SEC) ls,lssuing a warning to brokers on certain business practices it said are unfair and In some instances posilbly violate securities lava. The practices the SEC QHittions include Issuing civtttners' cheques drawn °iW4*Btant banks, which
      Reuter.  -  219 words
    • Article
      Lock icon Gearing up for currency trading
      178 9 Reuter. NEW York Mercantile Exchange plans to establish delivery arrangements for foreign currency futures with either Marine Midland or Chase Manhattan Bank before Oct. 25, the tentative starting date for currency trading, an exchange spokesman said. Under the revised clearing procedures, the exchange requires that
      Reuter.  -  178 words
    • Article
      Lock icon LEGAL TUSSLE FOR PHILIPPINE TRUST ENDS
      181 9 AFP. THE long legal wrangle between the Philippine government and the Catholic Church over a bank has finally ended with the church yielding control to a shipping and publishing tycoon. Philippine Cardinal Jaime Sin, whose Manila archdiocese has operated the profitable Philippine Trust Co
      AFP.  -  181 words
    • Article
      Lock icon Thailand's textile industry booms
      168 9 AFP. TEXTILES are expected to bring in 6,500 million b&ht (***** million) in foreign exchange this year making the industry the third biggest foreign exchange earner after rice and tapioca products. The Nation Review dally, quoting an Informed source yesterday; said the boom in the Vocal
      AFP.  -  168 words
    • Article, Illustration
      Lock icon A FUTURE WORLD IN MINIATURE
      272 9 AP DISNEY WORLD hu an—sod of its experimental prototype community of tomorrow, a USfMO-mUHoai (891.15 billion) project opening to October IMS with the participation of 10 fbreiga countries and nor American corpora tloau. The long-awaited announcement of Diaaoy'a second phaao construction on ita 111 m
      AP  -  272 words
    • WORLD IN BRIEF
      • Article
        Lock icon AMAZING MAIZE
        718 9 Agencies. A NEW hybrid type of matoe rich In protein which will be of great significance to the whole of Africa, has been developed by South Africa's Department of Agricultural technical services. The chief professional officer of the Department, Dr. Hans Oevers, said the most important facet of
        Agencies.  -  718 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Newman Industries sustains strong progress
      283 9 WITH PRE-TAX profit up from C 1.42 million to C 2.28 million, results for the first half of 1978 show that Newman Industries is consolidating and sustaining the progress made dur"Jui? time profit excluding the contribution and cost of the investment In Avdel Group improved
      283 words
    • Article
      Midland Bank
      32 9 MIDLAND Bank's French subsidiary. Midland Bank Prance SA, opened Its first branch in Paris last week. The subsidiary will be a full operating member of the French money market. Reuter
      32 words
    • Article
      Lock icon Arabs support Montedison despite results
      415 9 EUROPEAN Reuter MONTEDISON Spa said It made a loss in the first half, in spite of extraordinary gains and the use of a special reserve, and does not expect any improvement in the second naif. Montedison reported a net first half, loss of 32 billion
      Reuter  -  415 words
    • Article
      Lock icon MAN, VW set up distribution units
      309 9 FT. VOLKSWAGEN (VW) and MAN, the West German truck manufacturer-are to strengthen their existing commercial vehicle links by setting up joint distribution companies in all European markets. The UK is the first country where agreement has been reached. A marketing company is to be
      FT.  -  309 words
    • Article
      Lock icon Sumitomo, Kansai merger put off
      270 9 r ASIAN h Reuter. THE KANSAI Sogo Bank, a smaller mutual financing bank headquartered in Osaka, said It nas decided to postpone Indefinitely its §lan to merge with umltomo Bank. The decision was taken In view of strong opposlUon from Kansai Sogo Bank's employees to
      Reuter.  -  270 words
    • Article
      Lock icon Abu Dhabi forms gas company
      182 9 Reuter THE ABU Dhabi government has decreed the formation of a US$4OO million company to process and market the associated gas produced from its onshore oilfields. The new company, Abu Dhabi Gas Industries Ltd (Adgil), was created with two major foreign partners Royal Dutch Shell
      Reuter  -  182 words
    • Article
      Hogg Robinson, Wheelock team up
      141 9 IN A bold move to expand their Insurance business In the Asian market, Hongkong traders Wheelock Maraen and Co Ltd and London insurance brokers. Hogg Robinson Group Ltd have announced a new Joint venture based In Hongkong through Mow Tai Insurance Co Ltd j Hogg
      141 words
    • Article
      Lock icon Concrete Industries
      64 9 Reuter CONCRETE Industries (Monler) Ltd said it has purchased a SO per cent stake in an unrelated Malaysian company, Concrete Industries (KL) Bdn Bhd (CIKL) for the equivalent of A»750,000 The company said the purchase will strengthen lto position in Malaysia and added that It will make available
      Reuter  -  64 words
    • Article
      Lock icon Kanematsu clinches Soviet deal
      87 9 Reuter KANEMATSU Oosho Ltd and Nippon Elqptrlc Glass Co have won a joint US$O5 million order from the Soviet Union for a plant to make glass for colour television sets. Kanematsu said the plant, capable of manufacturing 1.5 million tubes a year, will incorporate technology provided
      Reuter  -  87 words
    • Article
      Lock icon SUNTORY PLANT
      86 9 Reuter SUNTORY Ltd said it will send a technical survey team to Peking shortly to finalise export of a beer brewing and bottling plant and related technology to China. A Suntory spokesman said this follows recent discussions in Peking with Chinese officials at the National Foods and Oils
      Reuter  -  86 words
    • Article
      Lock icon Toyota recalls
      50 9 Reuter TOYOTA Motor Co Ltd Mid tt is recalling 15,000 Corona cars and 342 coaster mlcrobuses to replace defective parts. Corolla cars Have been found with defective steering shafts, while relief valves In the fuel tank have been found to be defective for the mlcrobuses, It added. Reuter
      Reuter  -  50 words
    • Article
      Procter & Gamble back on growth path
      277 9 Procter Gamble back on growth path A RETURN to growth was achieved by Procter and Gamble, a wholly-owned subsidiary of Procter and Oambte Company, UB, in the year to June SO, 1978. After two years of stagnation, pre-tax profit moved ahead from C 8 million to 1*10.62 million on net
      277 words
    • Article
      VAN OMMEREN INCURS LOSS
      274 9 DUTCH SHIPPING and storage company Van Ommeren, has suffered a first half net loss of F1 8.9 million compared with a net profit of Fl 2.4 million In the same period of 1978. Chairman Mr. W.H. Brouwer said his company expected results to Improve In the
      274 words
  • Page 9 Advertisements
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      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 cal: Parfcin-Elmer Data Syttems (Far East) Private Limited 30th Floor. UC Burking. Shenton Way. Singapore 1. Tel *****49
      37 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      835 10 nm md oflaf print cfflcWtar Uatad tod Mm in aad rapartod to tba Stock llwni oI OhiMjini i jmMtday wltb Um aumtNTMaMiw tradad •Down in bracfeata In lota o( l,Wantu unlaw otbarwtaa apaclflad. All Ttana SatUamant Contract* an quotod altar tba word "aatt." Big Bonrd daal (In lota
      835 words
    • Article
      Government and corporate bonds
      301 10 4 1/1* 1/6/66 (250,000) (69.558 00.008) 4 3/4* 16/6/69 (150.000) (M.968 100.058) 1% IV4/61 (250.000) (100.108 IW6I-64 (150.000) (101.368) 7* l/VM (150,000) (100.T0B 100 068) 7 1/4* IC/4/M (260.000) (100.75B) T 1/4* 11/10/64 (150,000) (100.75B) 7 1/4% 1/6/67 (160.000) (100.70B) 6 V 4% T r IV7/S7
      301 words
    • Article
      Stock options
      69 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. C»M Storage (Dec 12.10) (0.438). C and C (Dae 54.40) (0.79). F and N (Dec
      69 words
  • Article
    SHARE INFORMATION SERVICE
    2410 10 C*' i Gr'i Net Hirt Low Comn-nv s!u Dhr DK YTd PE Val Dmy Hl» Low Compuy Sale Crr ('000) High Law SECTION ONE INDUSTRIALS >72 132 Acma 246 +2 12.ON 1.3 4.8 88.7 2 M 249 238 123* Alcom 234x0 10.0 2.2 4.2 17J 178 112
    2,410 words
  • Article
    In Kuala Lumpur
    1409 10 BID and offsr priest officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of sharea traded shown in bracket* tn lots of 1,000 units unlets otherwise specified. INDUSTRIALS AM* (S.4M) SWlMttl (3. MS) ASM (IMB S.OW) XD A saw
    1,409 words
  • Article, Illustration
    Prices firm on SES
    751 10 SHARE primfliMiMthi Stack Exchange af Siaga""tUSSSl# building op a base for a rally, mm brokers said. It la new holding well at the Mft-poiat level and does net appear la danger ef falling for beyond this support leval. It was laarat tkat the Kuala Lumpur Stack
    751 words
  • Article
    KLSE shares slightly higher
    587 10 SHARE prices closed slightly higher In very quiet trading on the Kuala Lumpur Stock Exchange yesterday following a barely steady opening. The morning session was unimpressive with relatively small transactions done. However, better buying Interest emerged near the noon close to prop up prices which were
    587 words
  • Article
    Unit trusts
    63 10 ■NOAKNB UNIT TRUST MOOMMMCMT m—mf frtM fcr Ott S Om (0wmtAm* TbmOnmmwtst... IN «J DK30MKB0KD 1J* •sS£r 3 uSS SatSSBttB a S a Muonnor nSaSSSSr. lj» r J to OM a OM 4) MhSS Mill LM UI u>141 IHMirM Hi L» MtiamnrFtta i.m t.tt <a> u§ MkMirM. I.M
    63 words
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  • COMPANY NEWS
    • Article
      Kempas(M) share of legal settlement totals $1.32m
      358 11 KEMPAS (Malaya) is to pay £300,000 (551.32 million) to its parent company Sime Darby Holdings as its part of the legal settlement x 4etween Sime and Indian Agricultural products company Shaw Wallace last year. In May 1977, Sime paid £900,000 to settle claims
      358 words
    • Article
      Oriental heading for another record
      570 11  -  h PHILEMON SOON ORIENTAL Holdings is well on the way to another record-breaking year Judging from its latest results for the six months ended June 30, 1978. The company, which Just three months ago reported a record $11.21 million in pretax profits for the 1977
      570 words
    • Article
      K.T. Pau optimistic despite fall
      230 11 PRE-TAX profits at Kundong Tanjong Pau for the six months to June 30 fell 17.57 per cent to M 5521,379. This was the result of lower rubber and oil palm harvests caused by unfavourable weather conditions which have affected most plantation companies in Malaysia this
      230 words
    • Article
      Central Sugars forms HK subsidiary
      93 11 CENTRAL Sugars has recently incorporated a wholly-owned subsidiary in Hongkong, called Cesuco Trading Ltd. This Is In line with Central Sugar's objective of diversifying Its business activities. Cesuco's main line is to carry out trade In the International markets. The authorised capital of Cesuco is
      93 words
    • Article
      DIVIDENDS ANNOUNCED
      514 11 Current payment Ex Date Boaks doit Data payable Total for the year Total for pwrtowj Apollo Hume M HDMF.E. Guthrie If 1*1. OftWfTWI G.E. Life Prima WilkiAMR Gold Coin UAC 8. Trading M'wata Dnbalai N53O3». Duaiop Eat BKatil BKatil KLK Deb Alcom s. finance Jardine Loon Keck Sons
      514 words
    • Article
      SCRIP ISSUES
      148 11 Cmbpu y PutMui bDM Beat ■a CUUM TtMrit BS m h Bonus lasue of 1 for 4 Oct 16 Bonus lame of 1 for 2 Oct 18 Bonus Issue of om for SOet Oct: Oet; Oct H N II MM Puk.Bs akBonus law* of 1 for t Oct
      148 words
    • Article
      COMPANY MEETINGS
      149 11 HUME ladurtriM (Malaysia) BM: AOM to be held at Jalan 219 off Federal High way, Petallng Jaya, at llHo a.m. on Oct 7. Floor, 13.7 km, Buktt Tlmah Road, at 12 noon on Oct 9. Southern Kinta Consolidated (M) Bhd: AOM to be held at Wlama Bunga Raya.
      149 words
    • Article
      Sentosa Plywood
      65 11 SENTOSA Plywood Berhad has announced that the following ordinary resolution was passed at an extraordinary general meeting of the company held on Sept 15, 1978: "That the sale by the company of 1.9 million ordinary shares of 2Sp each fully paid In the capital of the Pahang Consolidated
      65 words
    • Article
      Drought delivers a hard blow to United Plantations
      564 11  -  ■y LOW LEI CHOO LOWER all-round crop production combined with falling palm oil and palm kernel prices dragged interim profits at United Plantations sharply lower, causing the group to experience the worst setback since achieving an all-time record profit last year. Unaudited
      564 words
    • Article
      MBS reveals bonus and rights issues
      329 11 TO BRINO Its capital base more In line with lis increasing scale of butlnees, Malaysia Building Society has announced both a scrip and rights issue. The bonus Issue Is one for every five ordinary shares held, following which Is a rights issue of one
      329 words
    • Article, Illustration
      Shipping slump bites deep into Pan-El profit
      729 11  -  »r MANO SABNANI PERSISTENT bearish rumours surrounding the performance of Pan-Elec-tric Industries (Pan-El) were borne out over the weekend when the company revealed that its earnings had been all but wiped out by the slump conditions prevailing in the shipbuilding and related industries.
      729 words
    • Article
      GIH earnings dip
      285 11 IF the main generator is not producing a full load, now can the sub-stations hope to oope with the demand? Growth Indue trial Holdings, which depends almost entirely on PanElectric Industries for its earnings, seems to be in such a situation. GIH, whose main asset is its
      285 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      44 11 This announcement appears as a matter of record only CONQUIP PRIVATE LIMITED a wholly-owned subsidiary of DARRY HOLDINGS LIMITED has recently acquired MECDMIICAL AND COMDDSTION ENGINEERING COMPANY PRIVATE LNMITED The undersigned advised and assisted Sime Darby Holdings Limited in the above transaction. July 1978
      44 words
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  • Article, Illustration
    Call for LDC strategy to spur insurance
    731 12  -  SOH TIANG KENG ACTING Finance Minisfear, Mr. Qoh Chok Tone, yesterday called upon 1,000 dQegates at the East Asian insurance Congress to plot a strategy to boost developing nations' Insurance Industry. Opening the blggest-ever Insurance gathering In Btagapore and South-east Hala, Mr. Qoh
    731 words
  • Article
    Major setback for bringing back cyclamate
    198 12 AN AMERICAN judge recommended on Monday th&t the US government continue Its ban on the once-popular sweetener cyclamate. This Is a major setback tor efforts to return the sugar-substitute to the American market before further moves are made to outlaw saccharine. In an Initial
    198 words
  • Article
    American policies geared towards helping Asean
    634 12 A HIGH-RANKING US State Department official said in New York that trade, private investment and official aid from the United States are "In the interest of all the friends of the Association of South-east Asian Nations." Addressing a gathering of American bankers, manufacturers and
    634 words
  • Article
    Lock icon Reduced payments surplus for Manila
    264 12 Beuter. THE PHILIPPINES eaded tbe first eight months of the year with a reduced ha lease of pajnaeate surplus of USB7B million (*****.8 million) com pored with 8218 million for the corresponding period lost year, according to Central Bank prevleioaal flgaree published yesterday. The overall
    Beuter.  -  264 words
  • Article
    Lock icon Refusal to buy more oil from China
    177 12 AFP. JAPAN'S nine electric power cempanieo, the aujor consumer of Chineee ell, have expressed opposition to expanding oil imports from Chine. The newspaper Asahi Shim bun reported that Mr Gaishi Hiraiwa, piseliieal of Tokyo Electric Company, recently told the government that the electric
    AFP.  -  177 words
  • Article
    LONDON STOCKS
    617 12 LONDON, Tue«. Stock prices closed higher on technical considerations in light trading, dealers At 3 pm the Financial Timet index was up 5.6 at 904.8. Shares advanced on a broad front, and among government bonds, longs showed net gains of up to 1/4. while shorts closed 1/16 lower
    617 words
  • Article, Illustration
    Lock icon US puts Japanese surplus at $43b
    792 12 Reuter, UPI. THE US government estimate of Japan's current account surplus in 1978 Is U8818.9 billion (8142.78 billionl up from 810.92 billion In 1977. a US embassy press release In Tokyo said. The release, giving the precise US estimate based on figures available tor
    Reuter,; UPI.  -  792 words
  • Article
    Pressure on Taiwan at trade talks
    709 12 TAIWAN Is certain to face stiff demands from the United States to reduce Its trade surplus at the Talwan-US trade talks scheduled to open In Washington today. The bilateral talks are preceded by a technical group discussion on mutual tariff concessions, a trade official
    709 words
  • Article
    Lock icon German industry urged to invest abroad
    226 12 Reuter. WEST GERMAN industry should concentrate on diversifying Its products and Investing abroad to meet the growing production capacities of developing and Comecon countries. Disclosing this Bayer AO managing board chairman Herbert Oruenewald said developing countries should account for 14 to 15 per cent
    Reuter.  -  226 words
  • Article
    Guidelines won't work
    79 12 AMERICAN Federation of Labour (AFL-CIO) president George Meany said wage and price guidelines, whether voluntary or compulsory, will not work. He told the convention of the United Brotherhood of Carpenters and Joiners of America that guidelines are "artificial restraints that cannot work In the long run and.
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    SHIPPING TIMES
    2036 13 A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the nam* of Um ship, the ahipptnc line involved, and the estimated dates of arrival and departures rom Singapore port, i t CmmHJbm StinOitek hu I Joint atrTlet
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      669 13 h. DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA U«i»« Singapore Pta Lid Ta»:92Wl Harrisons ft CroafMd Kuala Lumpur T«| M 750/59 Pamas- MtSC P*Mog T*: ***** SHIPPING 31 SANKYO LINE AUSTRALIA SERVICE P.UMf Sappwt LMdmf tor MAYBREE2E 5/1 OCT 7/9 OCT F«M m «IW» 12/13 OCT 11/11 OCT SYD.NEI.«OCI
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      657 13 THAI 41A1UN€ IMB 7m*sREGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/ BANGKOK KITI SAMUTI KITI SAMUT V 22 KITI MINI I »23^ 5 Oct 7(W. 190 d llOd 14 Oct It <ki »0d 2Bod 23 Oct 25 Qct 2* Oct 20 Od 'I *GS/ENQUIRIES OCEAN SHIPPNK I ENTERPRISES Ml LTD 21ST
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      619 13 ALFRED C. TOEPFER GMBH K6UIM SERVICE TO HfIMTOMREM PORTS OF miLY, SPAIN, FIANCE IMAIOEB 15 Oct 13 Od U! 22 Od- MM BURDEKIN SHIPPING PTY LTD KGUUUI SERVICE TO ANTWERP UJL ACCEPTING THROUGH WUi Of UUNNG TO MAIN U.K. DESTINATIONS DiiLMrgMt *Kfh P. fedMt S port P. Katoat Mwrp U.
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      218 13 NOTICES m.v. "VISHVA RAKSHA" VOV: 28 arrived 29th September, 1978. at P.S.A. God own No. 47. General Survey of damaged cargo ex the above vessel will be held on Friday 6th October. 1978, as from 9.00 a.m. to 5 00 p.m. No further survey will be held after this date
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      17 13 -'1 SEA J gLAND WEEKLY SERVICE t*7i U.S.A. AND JAPAN BVSTBt TRANSIT/NEW SHfS CALL FOR DETAILS *****22
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      633 14 r 7 Hapag-Uoyd FUUT CONTMNERBtt TO OMOK EXPORTS UNarva fjij... 5/10 7/10 28/10 30/10 31/10 3/11 Mm?E*L* 11/10 13/10 1/11 3/11 4/11 (t/U) 10/10 20/10 0/11 H/ll 12/» ></" Imm 27/10 29/10 10/11 21/11 B/ll n/n MalO« 31/10 17/11 19/11 20/11 (»/U) lMM>n 4/U 0/11 17/11 29/11 30/11 4/12 EXPRESS
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      396 14 rr^r—■ Od 10/13 Od 14/11 ■*23 Nw 27 I Ok 23 Ok 25 t Za »i^i^isr T «r 11-21 10 i-w/ii 23-25/11 27-21/11 12-13/12 29-30/11 14-15/12 3042/12 15-17/12 3-4/12 11-11/12 44/12 10-11/12 70/12 22-23/12 10-12/12 24-20/12 27-20/U 12-13/12 20-30/11 M-15/12 31-2/12 15-17/12 34/12 10-10/12 44/12 22EH i 7-0/12 a 23/12
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      546 14 mLAND i U.SA/ASIA SERVICE *OTM FLOOR HONG LEONG BIOC 16 RAFFLES QUAY SiNGSPORE 1 Cuilotit S«r»ice Socl aj Termmjl ?V0 ,r j3 ?*****7 FULLY CONTAINERISED SERVICE Go one better to UN Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS COLUMBIALAND MARINER COLUMBIALAND ALSO ACCEPTING CARGO FOR BAHRAIN AND ABU
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      807 14 Everett Lines i /I I I MTMrrw (IMMD u/lIOCT B F S S.C. AfCftts in Malaysia TEPS MALAYSIA Port Kelani Tel (38)-7355 Pwang Tel. *****/***** Compania Arfontma Dt Navafacion Intarcontinantal SAC.I.F. "ARGENTINE NATIONAL UNF' X| LOADING FOR DURBAN. CAPETOWN. BUENOS AIRES INMNKCNTMA lVl'llto ltmSw* U/URmt* htiKtiimirnni M Transportation Maritima Maricana
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      459 14 Orient Overseas Co*Ud*test Line rrr TV 5/10 6/10 14/10 15/10 20/10 22/10 26/10 27/10 2/11 4/11 9/11 11/11 16/11 W/ll 22/11 24/11 FULLY CONTAINERISED SERVICE Plata* S'paei uosMwain 7/io s/io OMENTAL KXAMCHEI4I 14/10 1«/10 mrnm com. k 27/10 »/io chev«jei pnil ix 3/u s/i chevauer kke he 11/11 H/11 BEPTIHIE
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      833 15 II C.l_ Overseas Containers Limited I u rti Hacre U.I I ate M I Mot) M I 1 Mot 1 N I Nw 11 M »22 H a m •m) a •BC) 1 i *m n Bat) I l Bee 17 a > "1* 1 J-• ~*<3 f. .11.3 •#rW
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      1093 15 ft K/CMTNMT IM M IHOWCIM 1/ 7 Ha* OEHVAJHMCA 1/im TeiiesuwTs UIITIJ u/i« act LYCAON 11/11 tAcca»tiac cwtiNHn aad tniM carta) FMH H/tWTNUT (Via tan} Sail! Emm 1 Oac ieadaA, Leiaaes. Hull W Oac Bilbao. Amsterdam, Hull ledda*. Ank*. Port Sm 13/11 act IrtMU. ML SINGAPORE KUALA LUMPVR «K»T KELANG
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      835 15 CAMI(AD UT cm a (mm wu UT ur act < ■wi 11 act 11 N M M n at a urns act mrm ■mi [«mi t»M Sa.iM MM InMM SliM l«M UM BEN ASIA CONTAINER SERVICE Api S tori P. ulm| rfiiinf Yofco OuAa AoM Moii ■ILICIt HI DM II
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      800 15 Scan Dutch V EXPR WE? CONTINENT/SCANDINAVIA Fti*t* fnm P Keitnf «itsti S'aort 1) M Mil Its 8 Mw 1 HOurf 4) Gbur| IH IKB a>M4 Ml. MITT >11 17/1B M/lt a/11 fbamciwa i/a stum 11/ a n n ia/ia i/n i/t lUMMU 14/W MM n/» 1/11 1/11 W" »/i FaMCCSCA
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      395 15 GUTHRIE BOUSTEAD LVKES ORIENT LINE savwc lIIECT FIM SINBAPBK SINGAPORE m 3444 PT KELANG 3863. KUALA LUMPUR ***** 1 P[\A\C, 3623: Ksiui inbepement soma FESCO LINES FESCO STRAITS PACIFIC LINE r»» pacific twin im wwmwttT Spore P KIMC Prußf THU V MMLCNM m i. «onr*«*wiT tort r Klan| Penjng THw.;
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      861 16 K LINE ■BBnBBBHfII tvu mq> i 1 niiiim S'pore P. KelMg L.Hevro HTmri Brww Vdtm Ai HEPTIHE KM 11V I let 7 let 21 let 27 let 21 Irt let 1 IKRCATM MT II let 15 let 2 MoT 4 Hot S MoT I Hot I ORIENTM. OIIEFIIV M let
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      847 16 MX/EAST CIMM SOURCE accepting fcl/lcl containers fmm num. t. ulanc. %vm Lut m Mr. CRIJTOOAL M« TOR* UIMII. RALTIMORI (M Later (Mf) NRRFRIk P.nang MlAMft m»| Smgaaart "VISNVA VI (RAM |MU S SCI; li PV I «Ct 1/1* 1(1 11/11 Ret LC./GREAT LAKES SERVICE tiling Fat: NMU. Hff VROR. iwrnu.
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      921 16 NEPTUNE ORIENT UNES LTD ■FULLY COMTAIMCtIStO SHVICIS: S'ROTI rWat Vhaat NEPTRNE PEARL* •kt 7Mt 24 let UKATtt II let IS let II Mt MX htm. emir a «ct a tct iaa rrmcmns cimtainer is let n act is an •mintm researokr t m 4mi 21 aa SEVER SEAS MINE IMi
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      581 16 MM MALAYSIAN INTERNATIONAL SHAPING CORPORATION KRMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA s Ml MUM* U M biM WUU Si.lii tiM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT l| MMi VBBM P P»iuo| IMM| Mr IS i»IM la f«rt 1/ I Bet 1/ t Oct Blom 24 IC COM l#tol 30 10
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      667 16 INTRASEA (PTEi LTD KtBUUI (MraKIT SCW/FMI CMTMO SERVICE 19 E999PE won P Ul«| LllK Hr MMfTH Mil I Oct Mantilln; Rdam H burj MttITIMI lUMKI Mil tkt J Oct ram M »«r| Bouloc" NUIII MM tct U act a M I'aan tt'bur| A «t'c MOaASIA Mil 1 Mm S'kMW'oi Mirwillr:
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