The Business Times, 10 May 1978

Microfilm: NL9690
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, MAY 10, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Joint degrees
      59 1 NAN YANG University students who successfully completed Joint courses with Singapore University in arts, science, accountancy and business administration, will be awarded joint degrees. Nantah students will be admitted to the common courses at the Joint campus In Buklt Tlmah for the first time in July, 1978. The
      59 words
    • Article
      Arms offer
      77 1 THE UNITED States have offered Indonesia the capability to manufacture M-16 rifles and has agreed In principle to provide one squadron of A--4 Skyhawk Jetflghters In addition to the approved request for one squadron of F-5E tiger Jets. The Indonesian Ambassador to the United States, General Asharl Danudlrjo
      77 words
    • Article
      Lock icon Moro shot dead
      66 1 Reuter ROME, Tues. Italian statesman Aldo Moro, kidnapped by the far-Left Red Brigades, was found shot dead today In the back of a car parked near the Rome headquarters of his own Christian Democratic Party. Police said he had been shot at least four times in the
      Reuter  -  66 words
    • Article
      Libya's orders
      71 1 KUALA LUMPUR, Tues. Malaysia's trade with Libya is expected to Increase significantly over the next few years, Deputy Trade and Industry Minister Abdul Manan Othman said here today. Enclk Manan, who returned from leading a trade mission to Libya and West Germany, said tiibyan businessmen had placed firm
      71 words
    • Article
      Lock icon Protecting Narita
      65 1 UPI TpKYO, Tues. Japan's Lower House of Parliament passed by a majority vote today a bill »SS gl PI? 1 1 To *y°' s new International airport at Narita from radical violence. The legislation authorises the Transport ban the use of any structures, located within 3 km from
      UPI  -  65 words
    • Article
      Lock icon Lifebelt terms
      67 1 AFP Tues. The British government today threw a lifebelt to the shipping lines by giving them a grace of three years to pay back loans In the hope that the International freight market will have resumed buoyancy by 1082. The loans concerned are those of the purchase of.
      AFP  -  67 words
    • Article
      Lock icon Ready for polls
      55 1 Reuter KUALA LUMPUR, Tues. The Elections Commission tod-y announced that It Is prepared to conduct a general election at any time after the eftd of this month. The new electoral rolls, containing the names of more than five million \f»ters, are expected to be completed by the
      Reuter  -  55 words
    • Article
      Lock icon Dow Jones
      113 1 UPI iffcW YORK, Tues. Boeing Co. generated the Mg excitement on Wall Street today as the stock Market, buffeted by profit-taking and foreigners wanting to buy, groped for direction. JBoeing stock, the second most active Issue on t»e New York Stock exchange, was ahead 2 to 48 as
      UPI  -  113 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Most active Sncorp 610 +148 B Rays 543,000 Males 418 46 Pahang Cons 381,000 Hons Leon< 338 +20 Faber Merlin 223,000 218,000 Rothmani 400 18 TganuDev C AC 396 18 Fusan 160 12 Total Turnover: 6.76 m MUI 201 11 Total Value: $11.46 m Spore Merlin
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    • Article, Illustration
      In Kuala Lumpur
      169 1 Rises Most active Castlefield 12.60 .60 Pahang Cons 473.000 S. Steamship 2.70 .44 B. Ray a 463.000 A. Hi Lam Tin 9.70 .20 Treng. Dev. 449.000 358.000 Malayan Tin 10.50 .20 F. Merlin Tronoh Mines 6.05 .15 Chersonese 1.63 .13 Total Turnover. 6.69 m C and C
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  • Article
    SIA modernises in one swoop
    726 1  -  MAJOR COUP FOR BOEING By TERESA LIM SINGAPORE Airlines will buy 19 Boeing aircraft at a total cost of $2.1 billion, replacing its present Boeing 747 and 737 and most of its 707 fleet. The contract, for 13 B--747s (newer models) and six B-7275, will
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  • Article
    Lock icon SERIES OF RUBBER TALKS IN KL
    287 1 Reuter MALAYSIA will hold several international meetings In Kuala Lumpur to map out new research and marketing strategies for rubber. The International Rubber Research and Development Board (IRRDB) will organise a symposium from May 15 to 18, followed by a meeting of IRRDB directors
    Reuter  -  287 words
  • Article, Illustration
    New scheme to raise funds for Asean soon
    503 1  -  •y COLIN CHEE THE BANCOM group of the Philippines Is expected to launch soon a scheme designed to create a market for securities floated by Asean countries to enable them to raise funds for development financing. The programme calls for the flotation
    503 words
  • Article
    Airfreight accord
    291 1  -  By CHAN BONG SOO TWO LARGE foreign transport companies have reached an agreement which will make Singapore a part of an International airfreight network. The parties involved are confident that the pact will generate more cargo through Singapore. South-east Asia will be a major target area for the
    291 words
  • Article
    Malaysia closes M$650m issue in just 24 hours
    311 1 THE MALAYSIAN government*! MS6SO million loan issue has been increased to $800 million due to overwhelming demand from investors. The issue the first stock floated by the government this year was snapped up within 24 hours. Sensing a flood of applications. Bank
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  • Article
    One billion dollars chase SBS shares
    609 1 A STAGGERING one billion dollars is likely to be attracted to the offer for sale of 20 million shares In Singapore Bus Services. This 50-tlmes oversubscription will result from the unprecedented public interest in the offering which has brought queues of would-be investors to
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      27 1 whatever you need in rnenswear,getitat... MOHAN'S DEPT. STORE (PTE.) LTD. 321 Orchard Road Tel *****22 (next to Mandarin HoM) Branch: K)l,Tangl«n Shopping Centre TM *****46 Daily: 9am-9pm
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    • Advertisement
      Page 1 Advertisements Column 2
      33 1 BIRKART FREIGHT NEWS FOR COMPETITIVE FREIGHT RATES CALL BIRKART TEL: *****66 BIRKART SOUTHEASTASIA PTE LTD Suite 1004, CPF Building 79, Robinson Rood Singapore 1 Tel. No: *****66 (6 Lines) Telex: RS ***** JOBISEA
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    • Advertisement
      Page 1 Advertisements Column 3
      76 1 Leader Pace 6 KMD3' SHIPPING TIMES SETSCO blooms at the fair PEOPLE io business KNOW your U8 electronics market MARITIME dhrersUles into utvafe ops WORLD natural systems in peril? REVIVAL of Interest In Belmoot Centre FORUM: Retirement planning GROWING rich on Robinson UOB forges shead at home and abroad UK
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    • Advertisement
      Page 1 Advertisements Column 4
      251 1 TABDCTfI LITE World's with 2 sensors The Lexikon 90 combines the advantages of the golf ball and the ordinary typewriter. Lexikon 90 offers you the best of the golf ball and fixed typing point machines The new Olivetti Lexikon 90 is the first electric typewriter that combines all the advantages
      251 words
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  • TRADE AND INDUSTRY
    • Article
      Setsco is blooming at the fair
      422 2  -  By COLIN CHEE SETSCO Pte Ltd, manufacturers of the Rlsis goldplated orchid costume' Jewellery, will Introduce two new products within the next four months in a bid to diversify and strengthen Its market base. This was disclosed In Manila by a company spokesman at
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    • Article
      Lock icon Japan will still maintain edge in steel costs
      600 2 Agencies THE COST of producing steel in Japan, well under that of the US product, will still be far cheaper through much of the 1980s, according to a forecast published by Chase Econometrics Associates of the United States. The difference in the
      Agencies  -  600 words
    • Article
      Towards a fully integrated Singapore watch industry
      268 2 SINGAPORE will soon have a near fully integrated watch manufacturing industry if plans for a casing factory, the second in Singapore, are implemented within the next four months in a joint venture with Hongkong businessmen. Swiss Associated Industries is expected to establish another
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    • Article
      MARKETING EXPERT TO HOLD SEMINARS
      85 2 AUBREY Wilson, a marketing expert, will be In Singapore to conduct three seminars on May 27, 29 and 31. The seminars will deal with new marketing techniques for banking, and the professional sectors. AOS Management Consultants Is the organiser. Enquiries can be made at telephone
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    • Article
      How to sell insurance
      55 2 THE SINGAPORE Insurance Training Centre and Life Insurance Association are jointly organising a seminar for insurance salesmen. The half-day seminar will be on May 24 at the Mandarin Hotel. The speakers are from the Australian Mutual Provident Society. They will speak on the training, supervising and
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    • Article
      Know your US market before moving in
      604 2  -  »y RAHIM KASSIM ELECTRONICS manufacturers must look before they leap into the volatile American market. In addition, they must know the market reception to their products and be ready to adapt to market conditions which can change overnight, said Mr Ed Miller, one
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    • Article
      Lock icon Stardust to turn waste into want
      289 2 AFP "STARDUST 80" is not a new science fiction story but a plant to re-cycle city garbage Into fertiliser, pulp chips and fuel gas. giving a hope to Japan with its chronic resource shortages. The Ministry of International Trade and Industry has Just built
      AFP  -  289 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      260 2 HILTON International has announced the appointment of Mr. Manfred Toennes, as divisional director, with responsibility for Indonesia, Malaysia and Singapore and general manager of Singapore Hilton. Mr. Toennes succeeds Mr. Lim Ewe Hln, who Is retiring after 22 years of service with the company. Mr. Toennes has
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    • Article
      Bring 'em in for the show
      152 2 THE SINGAPORE Manufacturers Association has launched an aggressive publicity campaign to attract more foreign businessmen to the Singapore Fair this year. The 10-day fair, the seventh organised by the association to promote Singapore-made products, will start at the World Trade Centre on Oct. 8.
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    • Article
      Lock icon Mitsui Oil in Irian Jaya hunt
      143 2 Reuter MITSUI Oil Exploration and two other Japanese firms are participating In two oil exploration and development projects in Irian Jay a of Indonesia. Mitsui and Indonesia Petroleum Exploration of Japan have made farm-In arrangements with Continental Oil (Conoco) to acquire a 12.5 per
      Reuter  -  143 words
    • Article
      QUIZBOOK NO. 3 IS NOW AVAILABLE
      106 2 THE third volume In the Qulzbook series has recently been published by the Science Council of Singapore. The present volume focuses on technology and industry. Various materials, machines, tools, Instruments and industrial Processes are highlighted. his section seeks to demonstrate that a basic knowledge
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    • Article
      Also envoy to Nepal
      32 2 ENCIK Hajl Ya'acob bin Mohamed, Singapore's High Commissioner to India, has been concurrently ambassador to Haji Ya'acob, who succeeds lfr.Kenneth Michael Byrne, will continue to reside in India.
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    • Article
      MEMO PAD
      271 2 DATE TITLE VENUE ORGANISER COURSE AND TALKS April 24May 13 Middle Management Course 8ITC SITC May 8- Aust. Insurance Institute Aug 17 Assoclateshlp Course SITC SITC May 8-12 Programme on Export Dev of Consumer Electronic Products to US RELC Department of Trade May 11 The Restless Organisation Hilton
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    • Article
      Building sector directory
      192 2 SINGAPORE Building Index Pte Ltd has compiled a directory on products, manufacturers and agents in the construction industry. The directory has 31 categories of advertisers In eight folders. There Is also a reference guide with listings under products, manufacturers, agents, with addresses. About 50 advertisers are participating
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      118 2 «r jr'** ,/;> > >y Jibe's*'j l -<J? *j z'" Here with a Loaf of Bread beneath the Bough A Flask of Wine, a Book of Verse and Thou Beside me singing in the Wilderness And Wilderness is Parad.se enow. Pour celui qui possede un morceau de bon pain Un
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      618 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 A party exists to provide building material (5) 8 It's your turn to tease us, sweetie! (5) 10 Land of the laity (S) 11 Spoil a horse by docking its tall (3) 12 He has a superior hair-do 13 It's Ned's way to disagree
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  • OVERSEAS
    • Article
      Lock icon Fed may be forced to act on liquidity
      707 3 Reuter CONTINUING rapid growth in US money supply and credit demands may force the Federal Reserve's open market committee to consider some further tightening In monetary policy, according to money market analysts. In his current comments on credit, Mr. Henry Kaufman of
      Reuter  -  707 words
    • Article
      Another skeleton from Textron haunts Miller
      218 3 ATTORNEYS for 1 citron Inc., the company formerly headed by the Federal Reserve Board chairman, William Miller, have admitted that the company paid a US$3OO,OOO (sim.ooo) bribe to sell helicopter* in Ghana and that documents relating to the sale were destroyed after the payments
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    • Article
      Lock icon WALL STREETERS EYEING ALUMINIUM
      685 3 NYT THE recent 7.5 per cent price rise for primary aluminium Ingots announced by the Kaiser Aluminum and Chemical Corp. kindled hopes on Wall Street for an industry-wide folldw-through and for advances 'In aluminium stocks, already up smartly In the recent market rally. While the Aluminium
      NYT  -  685 words
    • Article
      Lock icon Zambian plea to whites
      84 3 Reuter ZAMBIAN Mines Minister General Kingsley Chlnkull has appealed to white employees In the country's vital copper mines not to panic during Zambia's present economic crisis. The 4,000 whites In the copper industry are regarded as a crucial element in the labour force The protracted slump
      Reuter  -  84 words
    • Article
      Lock icon Downtrodden no more
      246 3 Reuter THE FUTURE of America's shoe industry, lone depressed by the flood of low-priced imports, looks more promising now than it did a year ago. Undersecretary of Commerce Sidney Harman said: "For the first time in 11 years a renaissance is taking place In the domestic shoe
      Reuter  -  246 words
    • WORLD IN BRIEF
      • Article
        Lock icon BANK-CALL RULES
        482 3 Agencies THE US Federal Reserve Board said bank-call regulations designed to provide more detailed information in the foreign operations of US banks will take effect with the December reports. The new regulations would Impact most heavily on banks with US$3OO million (Ss69o million) or more in assets, requiring
        Agencies  -  482 words
    • Article, Illustration
      Lock icon Labour disputes sap German industry output
      948 3 MANUFACTURING SECTOR HIT Reuter INDUSTRIAL disputes In the German metalworklng and printing sectors were mainly to blame for the drop in Industrial output of about 2 per cent in March compared with February. Among the main sectors of the manufacturing industry, there was a
      Reuter  -  948 words
    • Article
      Treasury seeks rise in debt limit
      136 3 THE US Treasury has asked the House of Representatives for a USsf9-billion (Ss4s billion) Increase In the debt limit for this fiscal year ending September. Treasury Assistant Secretary Roger Altman also asked for a rise of $89 billion through next year. In testimony before
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    • Article
      'Protect our knives' call
      32 3 THE US International Trade Commission on Monday recommended that the US market in stainless knives and forks imported mainly from Japan, South Korea and Taiwan should be protected.
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    • Article
      No energy credit crunch
      368 3 FINANCING energy development in the United States In the next few years will not create a credit crunch. Bankers Trust said this In a study which estimated that external financing required by the energy industry will rise to US$4O billion (Ss93 billion) in 1982 from $26
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    • Article
      Lock icon Callaghan digs in despite Bill setback
      374 3 UPI BRITISH Prime Minister James Callaghan made it clear that his minority Labour Government wlft not resign despite Its eightvote defeat on Monday night on a key section of its annual tax raising bill and Opposition calls for it to quit. The government's defeat
      UPI  -  374 words
    • Article
      Lock icon Dollar's fall an over-reaction
      213 3 Reuter DANISH central bank governor Erik Hoffmeyer said it would be a mistake to establish an International monetary system with appreciably more official intervention than now. He estimated official purchases of dollars have reached between US$4O billion and $50 billion (Ss9o billion and $115 billion) during
      Reuter  -  213 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      110 3 Hoechst Singapore... yes, I will connect you with a specialist in this field. Because if there is a better, faster, cheaper way to do the job, one of our specialists will find it for you. Hoechst has experts for: Chemicals, aerosol propellents, refrigerants, radiochemicals, fertilizers, pesticides, feed additives, dyes and
      110 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      413 4 OPENING prices were marked down marginally In the Singapore rubber market yesterday on lack of followthrough In London. Thereafter, the market fluctuated narrowly in quiet trading. Volume was light. The market closed slightly lower with June RSS One buyers quoted at 207.50 cents per kilo, down
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    • Article
      RAS PRICES
      325 4 R A S prices in cent* per kilo yesterday: Noon (per kilo) Close (perktlo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. June Int. 1 R.S.S. July Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. LU. 4 R.S.S. UK/Cont. Int. 5 R.S.S UK/Cont. Buyers 206 25 207.75 208.25
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    • Article
      SSR AND SMR
      97 4 NOON SSR and SMR prices yesterday. HAS (Carreat Mth) (For* July tiriMth) Buyer* Sellen Buyer* Sellers {cents per kf) (cent sperkf) SSR 20 (1-ton pallet > 199.00 201.00N 200.00 202. OON SSR 50 (1-ton pallet) 197.00 199 OON 196.00 200 OON M.R.E.L.B. SNfR 5CV (1-ton pallet) 223.00
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    • Article
      Closing prices
      31 4 Rubber; May 9 Singapore: June 208.00 cents (up 0.2S cent) Malaysia: June 212.75 cents (down 0.25 cent) Tin: M 51,683 (up $18) Official offering: 290 tonne* (up 15 tonne*).
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    • Article
      Rice
      197 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne FOB basis Bangkok). White Rice: 100 pot Ist class 442, 100 pet 2nd class 427.100 pet 3rd class 422. 5 pet 413, 10 pet 400, 15 pet 382. 20 pet 387, 25 pet 377, 35 pet unq.
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    • Article
      Produce exchange
      381 4 VERY quiet trading grevailed on a slightly easy lngapore produce market yesterday. Black pepper eased S2 per picul while the white remained unchanged. The softer tone was due to the arrival of a new crop from Sarawak. With abundant supplies, customers are withholding their purchases in anticipation of
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    • Article
      Coffee
      406 4 ROBUSTA futures In London yesterday morning opened steady £3 to £12 tonne higher from Monday's close In sales of 153 lots. Both spot May and July ended the opening session C 6 higher in thin trading, with both trade and commission house interest well matched. Dealers attributed opening gains
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    • Article
      Cocoa
      341 4 TERMINAL cocoa yesterday eased by CI 1 to L7.soper tonne at the first morning call and continued to lose ground in basically thin open trading in London. Dealers said the market derived some scale down support from lower sterling which eventually lifted prices from the lows. The sources said
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    • Article
      Soybean
      177 4 SOYBEAN oil futures In Chicago closed around the day's lows, off US 0.86 to 0.30 cent a lb on Monday. Meal futures dropped 51.90 to $0.20 a ton. Prices firmed In both pits In early dealings, but oil retreated on large scale Erofesslonal selling and «ses extended on commission
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    • Article
      Wheat
      167 4 WHEAT futures on Monday lost early gains of several cents and closed around the day's lows, off one to 3-1/2 cents a bushel in Chicago. A lower than expected winter wheat crop estimate by private forecaster Conrad Leslie and scheduled export tenders provided support in early dealings and prices
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    • Article
      Palm oil
      76 4 C.I.F. North European porta, In US dol Mr per ton unMa otherwise atatw LONDON: j fiart—a Malaytfa 9% ffa bulk per tonne July Sumatra 5% ft* bulk Ml sir AM air 573 sir ■SB Mr May June July August StDtember Nigeria 5* ffa bulk etc MTMilr MO sir
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    • Article
      Straits tin
      242 4 THE Straits tin price In Penans yesterday rose MSIB to SI ,683 per plcul on an official offering up 15 tonnes to 290 tonnes. The market advanced on the improvement of the US dollar which triggered heavy worldwide buying demand, especially from Japan, US and Eastern Europe. In
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    • Article
      Sugar
      251 4 TERMINAL sugar in London yesterday finished the first morning call CI to C 0.50 per tonne higher although only marginally up from Monday night's steadier New York-based kerb. Both the London dally raws and whites prices were raised tl on tone to 1102.50 and ClO9 per tonne respectively. On
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    • Article
      Hongkong comex
      181 4 THE sugar futures market closed about US 0.05 cents higher in dull and featureless trading, with four lots traded against 20 on Monday. The Hongkong dally spot sugar price rose 0.10 to 7.50 cents, while net open positions after Monday's trading totalled 36 lots. SUOAR futures closing prices:
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    • Article
      SPOT PRICES
      190 4 YARN and cotton In Hongkong dollar*, spot en-god own Cotton Vara: Cnlna Blue Phoenix 20s 1.770. 3252.130. 40*2.220. (per bale of 400 IDs). Piece Goods: China Butterfly and a lot* Brand unq. Dragon Head una. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq. (per piece 36
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    • Article
      Copper
      325 4 COPPER wirebars yesterday finished the morning with gains of t°3 for cash and C 2 for three months In London. The market was steady, aided by the trend at New York and further buying of cash metal which dealers felt involved pricing operations. Fresh consumer offtake remained only routine,
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    • Article
      Silver
      217 4 SILVER yesterday morning showed gains of mostly 1.9 pence per troy ounce in London. Steadiness In gold and weaker sterling against the US dollar prompted early modest covering, trade sources said. The bullion dealers' fix provided additional support In later dealings. Carries boosted turnover to 53 lots. On Monday
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    • Article
      Gold
      336 4 THE kllobar In Singapore yesterday opened at 5513.075 and closed at 913,017, before touching a low of $12,984 in the afternoon. In the London market, the metal opened at US$l7l.BO/ 172.10 and closed at 171.70/ 172.00 In dull trading. The London morning fix was U*****.15, down five cents from
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    • Article
      Lead
      77 4 LEAD yesterday finished the morning showing gains of l' 2 all round. The market reflected steadiness In copper although physical activity remained low, dealers said. Short-covering took three months up to £309 per tonne by the close of the ring with sales of 2,500 tonnes boosted by carries. On
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    • Article
      Zinc
      65 4 ZINC in London finished the morning with all round gains of £1 per tonne yesterday. Small covering gave the market a steady tone In sympathy with copper, but volume was light. Three months worked up to £309 on the late kerb after ring sales of only 1,000 tonnes which
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        408 4 THE foreign exchange market was quiet yesterday, with the US dollar gaining marginally against major currencies. The US currency moved up against the yen after opening at 225.00/10 to 225.60/70 at noon. It climbed to 225.80/90 with bond on opening. Against the Beutschemark, the US dollar also strengthened.
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      • Article
        Asian $ & CD rates
        212 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on May 9. US Dollar* (Spot) Offer BkJ 7 day* 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .71/2 .7 5/8 .7 3/4 8 8 3/18 81/4 8 5/18 7 3/8 71/2 7 5/8 7
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        Discount
        53 4 RANGE of price* offered bj houses on May 9 Overnight 2H to 3M% Call deposits 3%% Clown, Buyia* 8< 3-month Treasury bill* 3 1/4 3 3-month Bank bills 47/» 4 3-month CD 4 15/16 4 r disc rfUx 1/8 3/4 13/U •-month CD 5 3/16 3 1/M Source: National
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        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        Euro $ rates
        112 4 Euro rates EURODOLLAR deposit rates yesterday opened mostly steady in London, but with a firm undertone In periods, reflecting the higher Fed funds rate and the higher yields at the weekly US Treasury bill auction. Business was noted In the middle of all popular periods with more bids than offers,
        112 words
      • Article
        Frankfurt
        42 4 FRANKFURT exchanges opening quotes on May 9. I)K 2 0955/70 Can I 8650/70 Sl« .1 792/802 DTI S3 .*2/72 Bfr 105 85/106 00 Ut 2 405/415 Ffr 45 10/20 Nkr 38 50/60 Bfr con 6.422/432 Bfr fin 6.41/42 Yen 0 9280/95
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      • Article
        Australia/NZ
        55 4 AUSTRALIA/NZ exchanges quoted on May 9. AUSTRALIA: US dollar 1 IX2I/1 1273 Sterling 0 #254/0 6183 Ninety-day air mall buying rates: Sterling 0 5447 US dollart 1 1833 Ninety-day forward buying rates: SUrttng 0.6277 US dollar* 1 1285 NEW ZEALAND: attrttiw 0.5671/0.5640 US dowr 1.0151/1.0061 Ninety-day airmail buying rate*:
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        Zurich
        51 4 ZURICH exchanges closing quotes on May 8. US 1 8755-9770 Stg 3 5898-5036 Can 1 75*52-7581 Dm k 94 5125-6295 Dfl 88 5279-6547 Mr 42 8847-7275 Bfr 6 0888-0062 Dkr 34.8116-8419 Nkr 36 4340-4700 Skr 42.0674-7130 Lit 0.2274-0.2276 Au* *ch 13.1363-1527 Port 3.3706-4069 Spain 2.4374-4407 Arg 0 2542-2572 Yen
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        London
        273 4 THE dollar continued to advance against leading currencies yesterday particularly against sterling, which weakened on a government defeat in a budget vote In Parliament. Although indications of firmer US Interest rates and the prospect of static oil prices this year were cited as reasons for the* dollar's strength, dealers
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      • Article
        New York
        186 4 THE US dollar closed near its best levels against major currencies in fairly active trading. Dealers said the US currency generally maintained morning gains on comments by Saudi Arabian Oil 'Minister Sheikh Yamanl that Opec oil prices are likely to remain unchanged this year. Commercial orders for dollars
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      • Article
        Tokyo
        102 4 THE US dollar for overnight delivery closed higher at 225.80 yen yesterday, compared with a 225.00 opening and 224.30 at Monday's close. Dealers said trading was moderate with volume US$4O3 million. After opening higher, the dollar rose in early trading, before easing to a low of 224.75 yen on
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        Hongkong
        121 4 THE US dollar closed firmer against most currencies In fairly active trading, due mainly to optimism following the weekend Opec meeting. The US unit rose to 2.0940/50 marks from Its 2.0900/20 opening and Its 2.0900 New York closing mld-polnt. After optenlng at 224.95/225.05 yen, the dollar firmed to 225.70/80
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      • Article
        Eurobonds
        261 4 EUROBOND price* quoted on May Strmfcfcu BM Offer Total oil st« (M 25 84 93 M rrmgt.nti tors »its Courtaukls stc 75 M 88 75 (0.7S EIBst«9 75 92 .83 75 M.7S risons ttf 10 25 r mm Inco992 97 17.50 Inco8.S5M 97 62 M.IS Sparbankernas *75 M «7.50
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      253 4 ALL BIFOCAL WEARERS! If your vision is restricted like this... It is because the view through the segment of a flat-top bifocal is limited. SEE MORE WITH THE EXECUTIVE BIFOCAL It provides an unlimited field of vision because the bifocal segment stretches all the way across the lower portion of
      253 words
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  • TRANSPORT
    • Article
      Maritime finds salvation in new activity
      563 5  -  By TEO TECK WENG THE SALVAGE business may offer timely diversification opportunities for companies in the marine sector as one local company recently found out. Maritime (Pte) Ltd. Just completed the successful refloating of a 16,000 dwt cargo vessel, the Vlshva Sudha, off Jeddah
      563 words
    • Article
      FAR EAST FREIGHTS
      812 5 MV. Twilight was Purchased by undisclosed nterests for about U5537.00/LDT. The vessel will be scrapped. Freight rates are steady with many shippers demanding reliability and 'experience. Active cargoes are: cement, rice, timber bitumen, baraytes and palm oil. Vessels Open Reefer Keoi Maru, 310,000 dwt available for T/C
      812 words
    • Article, Illustration
      SHIPS IN PORT
      360 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aik Bee No. 1 (Barge) (1200 alongside Christian Maersk) 8/9 Amgun (1500) 15/16 Christian Maersk (0500) 8/9 Hlratsuka Maru (2350 after State of West Bengal Johneverett) 31/32 Jalanatsya (1100) 1/2 King Sun (0600) 22 Menestheus (0500 6/7 Nedlloyd Main (0500) 3/4 Rlverbank
      360 words
    • Article
      Lock icon AIRLINES GET THE NOD TO SLASH 1ST CLASS FARES
      334 5 NYT THE CIVIL Aeronautics Board has (ranted US domestic airlines permission to cut first-class fares throughout the country to 130 per cent of normal coach fares. The new fares, requested by all the scheduled lines, will operate from May 19. The
      NYT  -  334 words
    • Article
      Lock icon LAID-UP HIGH
      91 5 Reuter THE number of Idle merchant ships laid up 742 vessels of 52 million dwt at the end of March was the highest recorded for nearly two years, a rise of 3.3 million from endFebruary. The total was made up of 396 dry cargo vessels of 13.3 million
      Reuter  -  91 words
    • Article
      Lock icon Semis are one up on jackups in rough waters
      757 5 NYT THEY call It a semisubmersible, and It Is among the most valuable pieces of equipment searching for oil and gas beneath the seas today. From afar It looks like a platform on stilts. But It's not. It's a vessel In
      NYT  -  757 words
    • Article
      PSA course for port users
      143 5 THE PORT of Singapore Authority will conduct a course on "An introduction to PSA Delivery, Shipping and Warehousing Procedures" from June 12 16. Conducted In the mornings only, the course objectives include familiarising port users with delivery, shipping and warehousing procedures of PSA and acquainting
      143 words
    • Article
      Lock icon Thais setting up maintenance firm
      143 5 AFP THE THAI government expects to finalise next month details of developing the Thai Aircraft Maintenance Company (Thai Am) into a regional aircraft maintenance centre with the cooperation of either a French or German company. Thai Deputy Communications Minister Prasit Narongdej revealed that he recently
      AFP  -  143 words
    • Article
      Lock icon LONDON FREIGHT
      181 5 UPI TIME charter booking continued to dominate a still very quiet but steady market. In the Far East, Seaboard took the 31.802 dwt Master Stefanos at U554,300 (Sslo 200) a day for a May 10 to 20 trip from Japan to the UK or continent with an option
      UPI  -  181 words
    • Article
      New submarine
      93 5 A SWEDISH shipyard has developed a new submarine for work on pipelines and cables, capable of operating non-stop for 75 hours at a depth of 350 metres. Kockums Shipyards, of Malmoe in south Sweden, said its new GPS or general purpose submarine was specially designed and equipped for
      93 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      729 5 ARRIVALS Bwilw Local Optra* w Number Tbm Prom TMA TL374 0530 TPE MAS MH0O1 0700 KUL MAS MH682 0725 KCH SLA SQ101 0615 KUL MAS MH621 0040 PEN MAS MH607 0845 KUL MAS MH671 0045 PEN/KUL CPA CX7I0 1005 HLP QIA OA 980 1030 HLP THAI TG423
      729 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      220 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local onward reservations -VT =ANDREA= NEWMAN in Penguins 4 gains the tense momentum of a thriller as MM lead to tragedy Another Bouquet is Andrea Newman's sequel to A Bouquet of Bmbod Win. Prue dead, but Gavin
      220 words
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  • Article
    SIA move a wise one
    707 6 SINGAPORE Airlines (SIA) has unnerved a few concerned observers with Its latest $2.1 billion purchase of Boeing aircraft. On the face of It, this huge contract seems hard to Justify when SIA is still a relatively small airline, and when It has only recently bought
    707 words
  • Article, Illustration
    Economists — caught with their parameters down
    2400 6 Economists caught with their parameters down IN economic terms, the seventies have been traumatic and confusing. They brought the first global double-digit inflation on record during peacetime and the highest unemployment since the Great Depression. The dramatic rise in the world price of oil, wheat and soybeans during the mid-seventies
    2,400 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      624 6 9NGAPORE HUON 581 Orchard Road, S'pore 9. Tel: *****3 Hilton presents Asparagus, Artickhokes and Avocados May 1 31 Asperges Aux Trois Sauces $16.50 fresh asparagus served warm with three sauces hollandalse, tartar and vinaigrette Asperges A La Milanaise $16.25 fresh asparagus cooked to perfection, sprinkled with parmesan cheese and topped
      624 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hours prior to 7.30 p.m. on May 9 at the airport. Maximum Temperature 30.8° C Associated Humidity 79 Minimum Temperature 24.8° C Associated Humidity 99 Hours of Sunshine 3.85 Rainfall in Millimetres 20.3
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      246 6 T.ViMRWDTO SINGAPORE 5 3.00 PM Opening announcement followed by Swing High, Lanterns* 3.30 Diary of Events (Malay)* 3.35 Bonanza The Grand Swing* 4.25 Intermission 6.00 Opening announcements followed by December Bride Chicken Farm 6.30 News in Brief* 6.35 Wild, Wild World of Animals Alaskan Summer* Rampaian Sukan* News and Newsreel
      246 words
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  • Article, Illustration
    KL's Belmont Centre may see light after all
    2267 7  -  By JIMI NGOH HOPES are running high in Kuala Lumpur for the revival of the muchvaunted Belmont Centre. A consortium of three leading developers In Malaysia the Urban Development Authority, TAS Industries and Ooodyear Management hopes to take over all the disclosed
    2,267 words
  • Article
    STRAWS IN THE WIND
    546 7 HURRAH! An Englishwoman, Harriette Lewis, has brought out a dictionary of acronyms called What They ■Mean." She says, and I wholeheartedly agree, •,'There is a worldwide ini-tial-mania and everyone likes to turn his own organisation into an acronym. So when I found I could not understand
    546 words
  • Article
    Retirement planning calls for give and take
    772 7  -  FORUM f ...on management •y GAN HUAT TATT RETIREMENT seems only a distant reality to the young. It only surfaces when the mandatory retirement age approaches. For many reaching the twilight years of their working lives, the inevitable may sometimes appear too sudden
    772 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      277 7 r Jf TODAY .OKOH Lunch S V-v 9 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA riong Leong Bldg., Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel: *****2 KING'S HOTEL' Havelock Road, Singapore 3 Td. *****1 LADYHILL HOTEL 1 Ladyhill
      277 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      54 7 T H£JRC'S NO o*\NC£. OF SJOU SINKING P^DP»V p y IHOuJ CPrJ u>e IBe suse.? y BriStoW: Rank LtickenS 1 PHVC.WS—THVS LOPMC Of STR.»<£JS TvtfVTS Su)€£Pi THC COONTteV DOeSN'T oufc P*CCOL>NTS |N fM4>/ Va3P*Y HOft 1 sa^n Sfe C35C33E33 RT<iMS Tpfc£ THIS IN Nouc Right WBMD RefIEKT rftgc me..." I
      54 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Cautious investors
      483 8 TOKYO THE market was weak yesterday due to Investor caution. Speculative Issues were among the rare gainers, whereas lacking incentives, blue chips went down on small-lot selling. Discouraged by Monday's bearish market which was contrary to expectations. Investors yesterday took a cautious approach. The yen rate to the
      483 words
    • Article
      Lock icon Hongkong
      347 8 Source: Sun Hung Kai <■. FURTHER selling pressure was seen yesterday In early trading with the market unresponsive to reports of a successful property sale (the old OPO site) by Cheung Kong. Speculative Issues were lower 'again, on little trade. Hang Seng Index: 451.36 13.88 .1 Turnover: $35.21 million
      Source: Sun Hung Kai  -  347 words
    • Article
      Sydney
      273 8 INDUSTRIALS yesterday closed firmer, minings mixed, with main buying interest centred en speculative situations, dealers said. Banks were generally firmer on lower finance company Interest rates property stocks steady, sugars unchanged and retailers mixed. Brewers firmed where changed. MAY OS Cents INDUSTRIALS A.C.I 175 unch A N I. 148
      273 words
    • Article
      Manila
      88 8 MAY W Pesos Aroje Mining 01 -0.0005 Atlas Con A At las Con B 13 40 0 2 BnguloGnld 0074 unch BnnguetCon B 23.10 unch BF Goodrich 16 00 -0.5 IK P InroB Ia panto B 13 unch M.irinduqueB 3.54 ♦0.34 Meralco 8 80 -0.2 Oriental A Oriental B
      88 words
    • Article
      Amsterdam firmer
      502 8 EUROPEAN MARKETS FRANKFURT share prices were mixed to weaker on balance, with no new Impulses Influencing trading on Monday. In chemicals. Scherlng gained 2.50 marks, while Demag rose 3.50, and in banks Deutsche Bank lost .1.70 marks and Fresdner shed one mark. American Express Co shares were Introduced
      502 words
    • Article
      Paris
      284 8 MAY OH Frs CORBEILLE Air-Liquide we so -5.6 HSN Ofrvais [ki none 4H6 -3 CS F(ThomsonCsl) 240 -6 5 Cte Krancaise dps Petroles 126.10 -2.7 Compagnle Financlere Compagnle Generate 366 50 -15 Credit Foncler De France 333 1 Hachette (Libralrte) 178 -2 Machines Bull 36 15 -18 Mlrhettn(B) 1478
      284 words
    • Article
      Frankfurt
      238 8 MAY OH Dm Aef-Telefunken 85 MB Aka> 26 90 ♦0 1 AllzLeben 620 1 All/. Vers 466 50 unch BASF 135 70 -0 2 Bay H T Wbank 277 50 ♦0 5 Bay Vbank 291 10 -2 4 Bayer 139 ♦0 3 BBC 283 70 -3 3 BMW 225
      238 words
    • Article
      Brussels
      92 8 MAY BK Frs FORWARD MARKET Arec 290 10 Arbed 2380 40 Astur 690 -16 Bravan 483 -7 Bru-Lamb 1595 15 Cinpac 532 12 Cork 414 6 I). Beers 161 3 Ebes 2525 -45 Elettrobel 6680 20 Gb-InnoBm 2200 10 Gey 1410 16 Hobok 2260 -70 Prtro 4275 40 Ryl
      92 words
    • Article
      Amsterdam
      225 8 MAY M FlJ 4-/-ABN 348 00 5.5 Ahold 102 00 2 Akzo 29 20 *0 5 AMEV 84 00 ♦02 Am fas 107 50 0 8 Amrot Bank 77 30 1.3 Bergoss 55 70 ♦0 1 Berk 91 40 3.9 Bols 68 70 ♦0 2 Rorsuml) 159 00 4.1
      225 words
    • Article
      Zurich
      182 8 MAY m Francs Actions Suisses 262 5 AlusuisseBr 1105 15 Alusulsse 495 -6 Brown Bovert Br 1540 -15 Clba Gelgy Br 1150 30 Clba Gelgy PC SIS ♦5 Clba Oelgy Reg 611 -7 Credit Suisse Br 2140 ♦5 Credit Suisse Reg 408 unch Elektrowatt Br 1590B George Fischer Br
      182 words
    • Article
      Selected indices
      64 8 FINANCIAL TIMES INDUSTRIALS Monday 480.1 Friday 4815 Week Aco Closed DOW JONES AVERAGE INDUSTRIALS Monday 824.58 Friday 829 09 Week Afo 844.33 LONDON DOLLAR PREMIUM Monday 110 to 110W Friday 109*. to no* H.K. HANG SENG Tuesday 451.36 Monday 455.24 Week Afo 459.39 SYDNEY INDUSTRIALS Tuesday 419.13 Monday
      64 words
    • Article
      Blue chips lead decline
      1131 8 NEW YORK UNSETTLED by concern about inflation and rising Interest rates, the stock market reversed early gains and retreated moderately in heavy trading on Monday. The decline was led by blue chip stocks which analysts said have run Into profit-taking amid clear signs that the Federal
      1,131 words
    • Article
      Toronto
      342 8 SHARE prices closed higher in active trading on Monday, with the composite Index up more than lit points and advances leading declines 244 to 180. Home and Pltfleld Foods climbed 2W to 12 on higher year earnings while OPT "A was up to 11 on a dividend Increase and
      342 words
    • Article
      Jo'burg
      302 8 MAY ON Rand INDUSTRIALS A Alpha 104 unch Abercom 185 AE And CI 265 ♦5 AMIC 920 unch Barlows 370 unch Cg Sugar 585 ♦5 CNA 150B -20 Currle Finance 68 4-1 De Beers Ind 900 Edcon 190 ♦5 Edgars 2100 -150 Eveready Fed Volk 145 unch Fugit 77
      302 words
    • Article
      CHICAGO BOARD OPTIONS
      1594 8 May 8 TRADING on the Chicago Board Options Exchange came to 153,182 contracts on Monday compared with Friday's 175.466. OPTION JLY OCT JAN 8TOCK Alcoa 40 6 3/8 7 3/4 UNTRD 461/8 Alcoa 45 31/4 41/8 51/4 461/8 Alcoa SO i 1 1/8 23/4 461/8 Am Tel
      1,594 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      402 8 I invites applications from experienced executives to fill the following vacancies arising from expansion in The Straits Times. Advertisement Manager (Sales) This is the top position in the sales division of The Straits Times. The selected person will be responsible and accountable for advertisement sales of The Straits Times. He
      402 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Analysts give bank stocks another look
      525 9 NORTH AMERICAN Reuter .'l7. A NUMBER of financial uw analysts, discouraged over on prospects for Canadian bank slocks last year, are now giving the group 1' another look. On the domestic front, most agree that chartered banks will go on bucking the sluggish economic
      Reuter  -  525 words
    • Article
      Lock icon BP-Canada reports a flat first quarter
      121 9 Reuter BP CANADA said its net income for the first quarter was C 511.5 million, the same as in the first quarter a year ago. R.W.D. Bainbrldge, the company's president, who gave no other quarterly figures, told the annual meeting that for 1978, "we
      Reuter  -  121 words
    • Article
      Lock icon Seven-Up directors reject PM tender
      169 9 Reuter ST. LOUIS, Missouri: Seven-Up Co. directors have unanimously recommended that shareholders reject Philip Morris Inc's tender offer to purchase the soft drink firm's stock at US$4l a share a transaction valued at about $440 million. Ben Wells, Seven-Up chairman, said the board concluded at
      Reuter  -  169 words
    • Article
      Lock icon Du Pont in partnership
      67 9 Reuter DU PONT Co said It has signed a letter of Intent to form an oil and gas exploration partnership with Continental Oil Co. The company said the partnership, two-thirds owned by Conoco and one third by Du Pont, will operate In Texas and spend about
      Reuter  -  67 words
    • Article
      Lock icon Finance deal for Dizon
      142 9 ASIAN Reuter BENGUET Consolidated Inc said that financing for the Dixon copper-gold project Is complete and Initial drawdowns began in March on a Bank of America syndicated 46.1 million Eurodollar loan. Drawdowns are scheduled for May on the C 542.5 million loan from the Export Development
      Reuter  -  142 words
    • Article
      Lock icon Toyota and Mazda
      166 9 Reuter JAPAN'S Toyota Motor Co Ltd plans to increase production of Its "Tamaraw" minibuses and trucks In the Philippines to meet local demand, the company said. Production at its whollyowned Manila subsidiary, Delta Motors Corp, will be Increased to 800 a month from 600 In August, it
      Reuter  -  166 words
    • Article
      Lock icon Different light cast on fall of Harada
      121 9 UPI WHEN Harada Dengyo, a Tokyo-based electrical construction company, went under last November, Its employer and employees blamed the demise on a prolonged recession. But the recent arrest of Norltoml Takagi, the firm's 49-year-old chief accountant, cast a different light on the collapse
      UPI  -  121 words
    • Article
      Lock icon United Petroleum denies report
      101 9 Reuter JAPAN'S United Petroleum Development Co Ltd has denied a press report that It is negotiating with British Petroleum and Cle Francals de Petroles (CFP) to sell to Japanese companies their Interest In an oil mining concession In the El Bunduq offshore area between Abu Dhabl
      Reuter  -  101 words
    • Article
      Prudential still finds gilts attractive
      568 9 EUROPEAN THE MIGHTY Pru, the largest life insurance company In the UK still found the gilt market attractive last year as a place to Invest new money. The 1977 report and accounts of Prudential Assurance show that UK life funds Invested £240 million out of
      568 words
    • Article
      Lock icon Disappearance of Generale Alimentaire
      270 9 FT SIR JAMES Goldsmith's French master company, Generate Occidental. Is taking over direct control of the French food Interest previously grouped under Its subsidiary, Generale Alimentaire. In a move said by the company to be aimed at simplifying the group's structure and reducing Its fiscal burden,
      FT  -  270 words
    • Article
      Lock icon Bundesbank versus Hill Samuel
      101 9 Reuter KARLSRUHE: The Federal Supreme Court has postponed the date for its Judgment on the BundesbankHill Samuel case until May 29, a court spokesman said. A decision on the case, in which the Bundesbank Is appealing a lower-court ruling that it should pay Hill Samuel damages
      Reuter  -  101 words
    • Article
      Moped motors
      53 9 STEYR-DAIMLER-PUCH AO said it will supply Sears Robuck Co with moped motors for assembly from 1979 by bicycle producer Murray Ohio and subsequent sale by the US retailer. Steyr will provide expertise for the assembly as well as service and dealer training. It will receive licence fees for
      53 words
    • Article
      Lock icon Offered BP shares placed in London .
      85 9 Offered BP shares placed in London Reuter THE MAJORITY Of a 4.5 million block of British Petroleum shares, offered for sale by a US institution, has been placed in London, a spokesman for London stockbrokers Joseph Sebag and Co said. He said his company placed about three million of the
      Reuter  -  85 words
    • Article
      Lock icon Marks and Spencer
      42 9 Reuter MARKS and Spencer Ltd has announced a pre-tax profit of £117.92 million (£102.45 million) in the year ended March 31. Turnover: £1.25 billion (£l.OB billion). Earnings per share: 9.93p (8.41p). The board has proposed a one-for-one capitalisation. Reuter.
      Reuter  -  42 words
    • Article
      Lock icon MONTEDISON SPA
      189 9 Reuter MILAN: Montedison SPA losses were lower In the first quarter 1978 than In the same period 1977, following an upturn In sales at higher prices, Its chairman Giuseppe Medici told shareholders of the company. He gave no figures for losses, but said March consolidated sales reached 500
      Reuter  -  189 words
    • Article
      CSR Ltd considers listing on NYSE
      115 9 LONDON: CSR Ltd general manager Gordon Jackson said the company is Investigating the feasibility of a New York Stock Exchange listing, possibly in 1980. He said the group is reasonably liquid, with a substantial cash flow, adding that he does not see any need
      115 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      461 9 We can bring international business closer toyou. ML X r T > .r* V M>.» V* •X > \ll llidll-tl •...lit Ml. t »nranrii< »t i wit i an Unit: llu hllii t! I.l'it 'II .11l '1< lII' i' .iiiii 11!!-•■<» i '>\ 111 liiiii n.t!i' ,11 •'.i .'a;i tinam
      461 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1701 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise Time Settlement Contracts are quoted after the word "sett 7 Big Board deal (In
      1,701 words
    • Article
      Corporate bonds
      226 10 Australia* D B H 1/4% IW2 (100.000) (95*8 975) Australian D B 19% IM2 (100,000) (96V.8 99 *S) BOTH 1/2% IMI (100.000) (100'«B 100*8) B O T 7 VB% 1964 (100.000) (95*8 95SS) B O T Floating 19K4 (100.000) (99*8 IOO'/aS) C luk 1/8% 1984 (100,000) (96'aB 96'»S)
      226 words
    • Article
      Government bonds
      132 10 Rep Spore 6 1/2% 1983 (100.000) (1028 102*8) Rep Spore 7 3/4% 1987 (100.000) (99'08 I00S) 5 1/4% IS/16/79 (250.000) (101.48B) 5 3/4% 1/6/78-80 250.000) (101.708 101 90S) 4 3/4% 15/9/80 (250.000) (100 308 100.40S) 5% IV4/8I (250.000) (100.658 100 755) 5 3/4% 1/9/79-81 (2.000.000) (1) 101.85 5%
      132 words
    • Article
      Stock options
      141 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. Cold Storage (June $1.70) (0..198 0.445). (Sept $1.70) (0.418 0.505). C and C (June $2.20)
      141 words
  • Article
    SHARE INFORMATION SERVICE
    2476 10 1*78 High Low Company Last Sale Gt's Dtr Dtr +or- C'rr SECTION ONE Gr'» Y'M Net P/E Vol Day (•000) Higk Low INDUSTRIALS 181 213 151 225* 81 205 183 398 422 181 132 Acma 123* Alcorn 112 Allied Choc 195* B&ta 60v, Ben 191 Boustead 144
    2,476 words
  • Article
    In Kuala Lumpur
    1777 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. imduitkiau AJinamata (2.318 2 348). Alaam (IMB 1.958) (2) 193 (2) 1.04.
    1,777 words
  • Article, Illustration
    Trading ends mixed
    693 10 SINGAPORE THE market opened on steady note in fairly active trading bat ended mixed as the day wore en at the Stock Exchange of Singapore yesterday. Selective counter* were taken upwards while profittaking in others reeufted in advances matching declines 34 to 34 on the industrial board.
    693 words
  • Article
    KLSE closes slightly easier
    642 10 THE Kuala Lumpur Stock Exchange closed at a slightly easier note as profittakers made their presence felt. Trading was noticeably quiet compared to Monday's hectic tempo with prices drifting lower under a steady stream of selling by weak holders anxious to take profits. Yesterday, turnover amounted
    642 words
  • Article
    Unit trusts
    129 10 WNOAFOM UNIT TBUST mCOMX BOf (OMMI p ID UNIT rn*~ fcr Nay M) rim) The Commerce 1-M 1.10 INCOME BOND 1.M 1.11 The Saving Fund 1.17 1* S pore Prof Fund 0.8# 1.00 MABA IVMIKTIA FUND 8'pore Security Fund Spore Invert Fund i* in l.U 1.23 First Bumlputra
    129 words
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  • COMPANY NEWS
    • Article, Illustration
      UOB is healthy on both fronts
      1093 11 By OUR REPORTER THE expansion strategy of the United Overseas Bank is based on an equal emphasis on both domestic and international operations. The trend of international expansion reflects a growing Involvement in this field, with its contribution to the net profit of the
      1,093 words
    • Article
      COMPANY MEETINGS
      416 11 United Overseas Bank Ltd: AGM to be held at UOB Building, No. 1, Bonham Street, on May 12. Jack Chia Mining and Industrial: EOGM to be held at 2B, Chartered Bank Chambers, Beach Street, Penang, at 12 noon on May 12. Peci Malaysia Bhd: EOGM to be held
      416 words
    • Article
      LATEST RESULTS
      110 11 Apollo Enterprise Pre-tax operating profit $4.12 million ($1.92 million) for th year ended Dec 31, 1977. Tax $1.75 million ($800,000) leaving after-tax profit at $2.37 million ($l.ll mlllloN). Khong Guan Holdings: Pre-tax profit $2.51 million ($2.73 million) for the 12 months ended Dec 31. 1977. Tax $1.13 million
      110 words
    • Article
      DIVIDENDS ANNOUNCED
      751 11 NOT CMlnlSvftrt Rahataa Hydraulic Cvkktri NSOP lOB Guthrie Guthrie Ropel STSteamahip Bala (M) DBS Raleifh C.K. Tang Glcoealy Dunlop Ealalea Tractor. Set. Propertiei M. Cable* latraco Dunlop Industrie* High Low Kulim Sime Darby MBS Kiif'i L'.O.L. Loan George Kent Shell UE (Pref.) UElOrd.) Kiata Kella* C and C
      751 words
    • Article
      SCRIP ISSUES
      202 11 < ompany Particulars K* Date Book. Cloae Kranat Tin Honus Issue or 1 fori Apr 27 May 10 Negri Sembilan Oil Patau Bonus Issue or I tor 2 May IS May 24 May 23 Straits Steamakip Bonus Issue or 1 for* May IS Maiakoff Bonus Issue of 1
      202 words
    • Article
      MALAYAN BANKING
      182 11 MALAYAN Banking's reacquisition of Court Hill has prompted a KLBE query as to why details of the purchase were not Immediately furnished to the exchange for public dissemination. The exchange has asked for the vendor's name, the date of signing the purchase agreement, the basis of arriving at
      182 words
    • Article, Illustration
      Growing rich on Robinson
      536 11  -  h ARTHUR NG THE skeptics may not realise this, but we are currently in a bull market. One Singapore-based counter, Robinson and Company, passed its alltime adjusted high of $2.28 early last month. The stock is currently selling at around $2.40, way above Its one-year moving
      536 words
    • Article, Illustration
      Stout confidence for the year to come
      488 11 DESPITE expected cost rises In the second half-year and the failure of its Qoldle Pilsner beer In the Malaysian market, Guinness Malaysia appears comfortably poised to maintain In the current year, the profits run It has enjoyed stnce 1972. The company Itself foresees
      488 words
    • Article
      KLSE queries Boustead
      244 11 BOUSTEAD Holdings' recent announcement of their Intended purchase of the entire issued share capital of Progress Castings Sdn Bhd (PCSB) has evoked a KLSE request for further details of the transaction. The acquisition of the 1.1 million PCBS shares, which Is subject to the approval of the
      244 words
    • Article
      Malex Asbestos
      73 11 MALEX Asbestos has announced a one-for-three bonus issue and declared a final dividend of 25 per cent for the year ended Dec. 31, 1977. Malex said the bonus issue will capitalise $1 million from unappro- priated profits (brlnglng-the total paid up capital to $4 million). If approved by
      73 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      208 11 m Tha SGV Group Maoagwnent Consulting SmiOH ASA EQUIPMENT BANKING/FINANCE (Singapore-baaed). Our diant, Dalfin-Armco Financial Sarvicas, it a joint vantura batwaan a major Australian inaichant bank and a major U.S. corporation spacialising in largs aquipmant financa/laasing in Southaast Asia. Doe to business expansion, the Asian representative office sssks an experienced,
      208 words
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  • Article
    Lock icon UK export credits in other currencies too
    556 12 Reuter THE FIRST British govern-ment-backed export credits to be denominated In currencies other than sterling or the dollar are under negotiation. These credits, to be guaranteed by the Export Credits Guarantee Department (ECGD), are likely to be In Hongkong dollars and Malaysian rlngglt,
    Reuter  -  556 words
  • Article, Illustration
    Lock icon IMF will not betray Third World's trust
    734 12 Reuter THE OUTGOING managing director of the International Monetary Fund, Johannes Witteveen, said the Fund cannot violate the confidential relationship It establishes- with less developed countries seeking standby assistance. This relationship is essential for work between the fund and LDC members in their
    Reuter  -  734 words
  • Article
    Lock icon West exports more
    356 12 Reuters AFP THE industrial world's exports rose to U5560.12 billion (*****.5 billion) in February from 555.09 billion in January. IMF statistics show. The data in the IMF's International Financial Statistics show Japanese imports rose sharply to $7.46 billion from $5.66 billion, and West German exports were slightly
    Reuters; AFP  -  356 words
  • Article
    LONDON STOCKS
    780 12 LONDON. Tues. Prices closed lower in light trading today. At 3 p.m. the Financial Times Index was down 6.8 at 473.3. Government bonds closed up to H lower after being marked down 5/8 Initially on expectations of an acceleration In UK money supply growth. Dealers said leading equities
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    Lock icon Hint of incentives for American investors
    1015 12 BLUMENTHAL PLEADS FOR TIME Washington Star AP US TREASURY Secretary Michael Blumenthal hinted on Monday that the Carter Administration In the future may propose new tax Incentives for Investment. He urged Congress not to press the issue this year. He was trying to head
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    Lock icon OVERSEAS WORKERS KEEP FINGERS CROSSED
    571 12 AP AMERICANS living abroad may get some Income tax breaks If a US administration move Is approved by Congress. Mr. Anthony Solomon, Under-secretary of Treasury for Monetary Affairs, told the Senate finance committee, that these should Include deductions for: the amount by which reasonable housing
    AP  -  571 words
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    Lock icon Japan and EEC trade ties are warming up
    345 12 AFP THE CLIMATE of economic relations between Japan and the European Economic Community Improved over the past two years, according to Toshlwo Doko, president of the Japanese Federation of Economic Organisations (Keldanren). Mr. Doko told a press conference yesterday that there is
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    Lock icon Tokyo firms favour new gold plan
    231 12 UPI MAJOR Japanese commercial banks are deliberating the sale of gold bullion which was liberalised last month as part of a government step to ease foreign exchange controls. Tokyo banking sources said yesterday. The banks have asked the Finance Ministry for approval of the
    UPI  -  231 words
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    Lock icon Fed, Bank of Japan to keep in touch daily
    196 12 Reuter BANK of Japan and New York Federal Reserve Bank officials will discuss foreign exchange market developments almost dally under the new monetary consultative arrangements announced after the President Carter Prftne Minister Fukuda summit In Washington. They said future contact will
    Reuter  -  196 words
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    122 12 Reuter AUSTRALIA'S seasonally adjusted visible trade was almost In balance in April with exports and imports each totalling A 11.03 billion (552.7 billion). Trade was in deficit by $1 million compared with a sharply revised $74 million (from $10 million) surplus in March and $9
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      3 12 SEE PAGE 3
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      448 12 3 months with Linguaphone and you'll be speaking fluent Mandarin I Linguaphone's proven by 4,000,000 successes in 36 languages More than 4,000.000 people from al walks of Me around the world have successfuiy acquired another language through Linguaphone. Proof enough that you can just as easily master Mandarin as a
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    SHIPPING TIMES
    3654 13 gCHEDDLE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums Scan Dutch has a Joint
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      540 13 THE BEST AND FASTEST NAT TO THE USA IS MAERSK UNE SINGAPORE *****46 K.LUMPUR ***** PENANG *****1 P. KELANG *****0 SHIPPING S Seotrain .•or 1 fv S <■*- Trans Pocific Service Full Container Service To USA motim spore RVtSSfL Tl} 2t/5 12/t 14/1 22/ C AKJKI 27/5 l/t 25/t 27/t
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      513 13 u J SHARJAH SHIPPING CO. LTD (UNITcO AMB EMIRATES) Ami shippiog un« (UNITED ARAB EMIRATES) GULF SHIPPING LINE uN TED IRAB EMIRATES) •GULF MAJESTY 11/29 torn 21/23 tun* Dub* Abu *GUIF MAJESTY 2/5 A* C/l Au| D.b«/Ab« ACCEPTING CONTAINERISED fa CARGO TO DUBAI ABU DHABI GENERAL AGENTS SUB AGENTS SHARJAH
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      415 13 SINGAPORE: COSMOS SHIPPING CO (PTE) LTO "H. BOMNJON 80, S'POK. 1. TU NO ***** Td *****33 (7 Cmwim Factum GwdVur Cmimi Faith Coimot Tratftrt Counts T.I.N. Cotiiws Etwrfy Cownot T.B.N. Klmc L«»<iW| hr Dubai Kuwait Hodeidah. Sue; Dubai Ku«wt Dubai. Kuwait Hodeidah Hodeidah Dubai. Kuwait ocs MARINE FREIGHT MANAGEMENT SERVICE
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      111 13 NOTICES DOWA LINE CO. LTD JAPAN M V. LAKSANA 111 Voy. 9A Arrived 4.5.78 P.P wharf Godown 302 General survey on damaged cargo discharged e* the above vessel will be held on 11th May 1978 from 9.00 a.m. to 1.00 p.m. No further survey will be held after this date
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      13 13 FORTNIGHTLY TO MIDDLE EAST LAND i Oft KFMCCMTED CONTAINER Sf*VtCf BOOKING TEL *****22
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      847 14 SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE S p«rt P.Manf H'ktwf B'lwtwWw Ul Keetewi Sty Ka«t> In City el MMwtk 12/5 29/5 31/5 1/8 7/6 12/5 2/6 4/6 5/6 7/6 18/5 8/6 6/6 <7/6) 18/5 9/6 11/6 12/6 14/6 22/5 7/6 9/6 10/6 (14/6) 26/5 H/5 18/6 20/6 21/6 (29/6) 3/6
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      851 14 Q SANKYO LINE| AUSTRALIA SERVICE P. Ketonj Siopfwr* Loodii* for LOGISTIC ACE I"WRT BtIS, SYO, MEL, AOCL TUERVER 17/11 toy 15/l«m» F*E, AOCL, MEL, SYO MAY BREEZE 22/24 May 20/21 May BRIS, SYO. MEL S« BLOOM 4/8 )«n« 7/1 J««" »OEL, MEL, SYO BANGLADESH SERVICE urramcE "n cnm»so«,CMiii« 011*Lr\AL I
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      461 14 3 LAND U.S.A./ ASM SERVICE E EAST SERVICE 40TH FLOOR HONG LEONG BIDG 16 RAFFLES QUAY SING«FO« 1 CuJtomti Service Boolung Termmjl ?570'5J/ *****37 FULLY CONTAINERISED SERVICE Go one better to the Middle East PRIORITY BERTHING t DISCHARGE AT ALL PORTS t ALSO ACCEPTING CARGO FOR BAHREIN ANO ABU DHABI
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      920 14 Everett Lines m LOADING FOR Burna Frvt Star Carpi. "BURMESE NATIONAL LINE' MOW B f S S.C. Agents in Moloyvo TEPS MALAYSIA Poet Kelong T«l (38J-7355 P«nong T«l *****/***** Imcilimm S. A. C.I. F. "ARGENTINE NATIONAL LINE" IONXNC fot MMIM CAKTOMN. BUENOS MRU tnJ Transportadoii MaritiuM Mniana S. A. Wi**
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      640 14 lARDINL ANTAII H I Orient Ovi CotdcjMeA Co4ucu*ieA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) rpM P. M«f SaTaa lattaaia Wwi NEPTUNE PEARI 9N 17/5 11/5 1 chevalier rote r« 24/5 a/5 IK! IMf 52 i?<s i HKONG CONTAINER IBM 2/S 3/C f* MEKATOB6N l/C 9/6 J* 1 ORIENTAL
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      1117 15 "jCL Overseas Containers Limited CONTAINERS*!? SERVICE Tl OR/CONTINENT: H'burg R'dam U S'pore P. Kelang D'i*ark >'*"• H re RtWIOON MV »"J J £<% ES WW MARU 12 May 1 4*" 55J eirr m UMMH *2 UMMNt MAW 1« May 4 j2 OREMEN lim» s*l 1 J,r»\lV n u UULHI May
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      1237 15 Ben Ocean Ajoßgaemce ofßenLmzßkje Flrmd den Line and NSkfO TO BK/CONTINfirT (rip sac) Dm Singapore P. Kelant fiwi Enron lINCRUACNAN liiM 1/11 Mar SailM I law BHbnn, PATROCLBS SaiM 1»/1« May IS iaaa Leiaoet. BENVANHOCH 4/ I JaM I laaa S 11} Lisbon,'LeiaoiH. Tilbury, Hull ml OUT IS 12/14 laM
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      861 15 EH* BEN LINE CONTAINERS LIMITED CITY Ir EIIUHU KAMAKUIA MAAU BREMEN EIPMSS KMUEI TMIt EimSi THAMES Mill OSAKA BAT tl IMti M M n May M Mil it Mai IMi s t« IMM 11 MM 1* l«M 11 MM Ma (IMC* All lI.L May l~hm~( limit IMm law SMm I
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      829 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA FeeOei Uom P. Ketane Vejlel FRAHCISCA Sailel WTUNOIA ILEANORA U, I Ml Min ILIANORA m i ULUIIi FRANCESCA 4/ I «IWW CLE ANOKA 11/ HI BEJIMA S'ROre u Mseilleß 2 R4am s Wwr» 4 iburf 11/ S
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      469 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. FOOTVNE ITU (Mauritius. Canatoam) I LUIS FH t. t AFIKA Raui'O". Moaibasa. Hup. ow*». El. P r. 'tiMM P. s oo'« a/i* i P. Kalanf IVIS I P. Mint t/'l LYKES ORIENT LINE EXPRESS SERVICE BISECT FIOM SIN6APOIE Tl NC« MLEAKS, MULE HOISTIN.
      469 words
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      977 16 i«Pf f XPFUSS SERVICE WMCTHLILK IW( 11CMTAJK11IW MERCATM IW (MCMtMI WtNl tl 1 2Jaw 3)W 22Jm 2«lMt HJut »tM 21 I Jan I Jut 21 Im 31 Iw IWj 2 Illy 4Mj raoN •l. Havre P. Kelang ■tab bast H. Kong Osaka t II May 22 toy t 23 May
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      1036 16 E. C.-U. S. A. ATLANTIC/GULF SERVICE ucmm twin cmiiimb ma itw. t mm. mem Lutm Mr: Mmu. ran. new mum. mvston. Singapore P lafaag Mlaaw Penang ••a null" «/ibm/m nrn i«t« n/u i.« E.C./GREAT LAKES SERVICE luiiil far: NORFOLK, MW TIM, MMTIttl. TODOWTO. ASHTAOVU. •FTMIT. CM cut. -'VISNVA VIOMJTI" (NRSA
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      1119 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: IV EMK (VIA S«H)* Sport P. Ktla>| REPTHNE mm illtof >» *1 *5" J*" CHEUIIER N2I am "5" J}*» HONCION6 CONTAINER Ikm 3 JtM <£*■• a l NERCATOR I tat »tat »ta» '»I ORIENTAL CHEF 15 tat »tat 3 tar SEWN SMS HIKE
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      687 16 wmimEKSsl MALAYSIAN INTERNATIONAL SUPPING CORPORATION BEPHAD tel n. Sim EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA Faaaar *r. Mwii VttMl nuutsu J VTLAMIA iiUMU M/ t ua. mitt lUUMI a/ I UUMM ruuwitu V DIM* AIM AWHtm FK: t) fcnilw, (mm. I) AnMN Aatwarp, L law*. I.lbaa laM, W, I)
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      652 16 INTRASEA (PTE) LTD a KansaS Line STRAITS/AUSTRALIA SERVICE MMSST MELOOORNE GRACE AOELAIK AgMtS: miin Singapore P. Kelanf Ltada( Ms jr SmM la tat Brisbane/ Sydney/m Melbourne Adelaide, is Hay n May —do— J MTUKt (PTf) LTa-naan-Mwiw mm. rta Miffim 4 truiiii laaaaa. man ALPAC LINE SOUTH AFRICA SERVICE S'pore P.
      652 words