The Business Times, 20 May 1978
1978-05-20
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section10 1978-05-20 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, MAY 20, 1978 50CENTS10 words
-
BRIEFLY...
-
Article76 1978-05-20 1 AP LONDON, Frl. The price of gold rose more than one dollar an ounce In early trading today as the US dollar, which fell sharply yesterday made slight opening gains on most European money markets. Yesterday's decline of the dollar was triggered by remarks by Bundesbank presidentAP - 76 words
-
Article73 1978-05-20 1 AFP JAKARTA, Frl. Indonesia's trade with Japan showed a record surplus of about US$3.l9 billion (over 5510.5 billion) In the past year, establishing this country as Japan's biggest trading partner in South-east Asia. according to a Japanese trade official. Toshlo Asakura, outgoing senior official of the Japan ExternalAFP - 73 words
-
Article63 1978-05-20 1 AFP TOKYO. Frl. International Business Machine Corp. of the US has apologised to the Japanese government for Its Japanese subsidiary's sales campaign for unannounced series of computers in defiance of Japanese business practices. In a letter to the Ministry of International Trade and Industry IBM boardAFP - 63 words
-
Article51 1978-05-20 1 Reuter BANGKOK, Frl. A Thai trade delegation will visit Vietnam from May 31 to June 3 to promote trade and technical cooperation between the two countries, Informed sources said today. They said the 15-member mission, led by Deputy Commerce Minister Prok Amaranand, was approved by the Cabinet thisReuter - 51 words
-
Article68 1978-05-20 1 Reuter BANGKOK, Frl. A Malaysian mission has signed an agreement to buy 23,000 tonnes of rice on a government-to-government basis, a source from the Commerce Ministry said. The grain consists of 15,000 tonnes parboiled rice 10 per cent, 5,000 tonnes white rice 100 per cent and 3,000 tonnesReuter - 68 words
-
Article63 1978-05-20 1 AFP MANILA, Frl. The Philippines will launch "Export Consciousness Week' f (May 25 31) to expand and strengthen the export Industry's vital role In national economic development, It was announced here today. Philippine Export Council chairman Domlnador um said the expon swtor now contributes 97 per cent of totalAFP - 63 words
-
Article42 1978-05-20 1 PEKING, Fri.— On the eve of a visit by US national security adviser Zblgnlew Brzezlnskl, Vice Premier Teng Hsiao-ping said today that normalisation of relations with the United States depends on whether Washington breaks off relal- with Taiwan.42 words
-
Article89 1978-05-20 1 UPI NEW YORK, Frl. Prices eased In early trading with fairly heavy turnover. The Dow Jones Industrial average was off 3.20 to 847.71 shortly before 11 a.m. Its 7.45-pelnt decline In the previous session was Its first In more than a week. Analysts said that profit-taking was aUPI - 89 words
-
-
Chief Price Changes
-
Article127 1978-05-20 1 Rises Most active New Serendah Lien Hoe Malayawata Premium Hld(« Apollo 280 222 248 107 225 +30 +27 16 16 14 Haw Par 402,000 Harimau 251,000 Sigma Metal 192,000 Inchcape 175,000 Sth Mlia Ind 163 +11 Total Turnover: 7.86 m Nat Iron 408 10 Total Value: $14.26127 words
-
Article, Illustration145 1978-05-20 1 Rises Most active S. Klnta Lien Hoe MBS. A Httam(Tln) Tractors Rlvervlew Malayawata New Sdah Kempas Shell C.C.M. 6.00 2.30 3.10 10 40 4.46 1.70 2.50 2.85 3.56 2 40 4.40 .40 .33 .22 .20 .18 .15 .15 .15 .12 .10 .10 F. Merlin 704,000 Lien Hoe145 words
-
-
Article1004 1978-05-20 1 OUR REPORTER - CUSTOMS UNION WONT HELP Br OUR REPORTER ASEAN does not stand to gain significantly from the US Generalised Scheme of Preference by forming itself into a customs union. One inhibiting factor is the increased local content requirement. Countries exporting individually need only a celling1,004 words
-
Article238 1978-05-20 1 SAUDI Arabian Oil Minister Sheikh Ahmed Yamani said there is a 50-50 chance oil producing countries would raise oil prices early next year. In an Interview with the Chicago Tribune, he also said a series of small oil price rises over the next238 words
-
544 1978-05-20 1 COLIN CHEE - By COLIN CHEE THE MONETARY Authority of Singapore Is now studying the final proposals for the establishment of a formal gold exchange and a clearing house to handle market transactions. The proposals for the two institutions were submitted to the MAS two weeks ago.544 words
-
154 1978-05-20 1 Agencies THE European Economic Community (EEC) and Asean yesterday announced that Intensified economic) and trade relations would culminate In their first ministerial meeting next November in Brussels. The announcement was made at the conclusion of the fourth EEC-Asean Joint economic study group meeting In BangkokAgencies - 154 words
-
315 1978-05-20 1 GOH ENG KEE - •y GOH ENG KEE in London THE SIME Darby group has appointed London brokers James Capoi and Company aa Joint brokers with Hoare Govett and Company to service the group. Although informed source* confirmed thnt this has taken place, no official announcement hns315 words
-
534 1978-05-20 1 MANO SABNANI - •y MANO SABNANI WITH every division except marine making a recovery, Haw Par Brothers International made a strong bid to return to the growth path last year. However, heavy losses suffered by its marine division practically wiped off all the hard-earned gains in534 words
-
Page 1 Advertisements
-
Advertisement25 1978-05-20 1 LANIER COURIER the perfect secretary.... 5" high 2'/r wide 10 oz. wt. works 24 hours a day and never grumbles Sd»Agar* DON Mt, %t*****8/53t163 w25 words
-
Advertisement33 1978-05-20 1 V v H, z 2 \r Own a bottle It's worth the price to have at least one thing in your life that's absolutely perfect Tanqueray Gin. a singular experience ,h Eastern Agencies33 words
-
Advertisement86 1978-05-20 1 ECICB taothar feed show 2 FORUM: US economic rob in A FIRM tkat can Jwayi expect Amu 7 2 HARCROS diwiimwiti for HME FLOW of email ordara booya up offer.., 11 fy*y. 5 B'PORE Land m* to arreet LETTER (hn America: «Urii— U Singapore's unfortunate anccaaa C GO-AHEAD to toll86 words
-
Advertisement99 1978-05-20 1 I:\vrctt Lines FOt THI MOST PICQUINT SAILINGS TO BANGKOK HONGKONG •JAPAN PUSAN. Everett Steamship Corpn. S/A Catch the super speed special from Oc6 m ss Oce-Hagemeyer has a real special from Holland. After tremendous success In Europe and America, the Oce 1700 is now introduced in Singapore. Revolutionary flash exposure99 words
-
-
TRADE AND INDUSTRY
-
Article680 1978-05-20 2 Our Reporter - BERNE UNION MEMBERSHIP By Our Reporter THE EXPORT Credit Insurance Corporation of Singapore (ECICS) appears poised to repeat last year's good performance tflth Its acceptance as an observer member of the International Union of Credit and Investment Insurers (Berne Union) early this year. The corporation has,680 words
-
Article, Illustration133 1978-05-20 2 THIS little elephant is hardly apprehensive at the prospect of a long sea trip. Aside from the fact that she is accompanied by two attendants from Zoo Negara in Malaysia and the Melbourne Zoo, Mek Kapah also has 500 kg of sugar cane, pineapple leaves, carrots and133 words
-
263 1978-05-20 2 Reuter STRONGER economic growth is expected in the Philippines after a weaker first quarter, according to the latest Citibank economic letter distributed yesterday. The letter notes that employment growth In the first quarter of 1978 moderated to 2.7 per cent from the comparative previous annualReuter - 263 words
-
Article133 1978-05-20 2 Reuter THE Du Pont Co. has decided to establish regional headquarters for Asia and the Pacific In Hongkong, the company's International, department vice president John Klacsmann said. He told a Hongkong press conference that Du Pont's annual business in the region amounts to overReuter - 133 words
-
392 1978-05-20 2 Reuter SINGAPORE, the Philippines, Thailand and India will display soft goods at a three-day exhibition in j Hongkong next week. The exhibition, organised by Almtex International, will coincide with the visit of a large contingent of buyers from United States and Canadian companies.Reuter - 392 words
-
Article82 1978-05-20 2 RTS has accepted an invitation to take part In an International transcription programme entitled "Mass Tourism In the World", produced by the Transcription Service of Radio Deutsche Welle, (German broadcasting system). Radio Singapore's contribution will be part of the overall one-hour programme to be compiled82 words
-
Article, Illustration119 1978-05-20 2 THE CHANGE to self-service petrol stations is catching on in Singapore with BP being the latest entrant following the lead set by Shell in 1976. Esso and Mobil have also introduced this facility and now BP has started eight such stations at Bales tier Road, Braddell119 words
-
523 1978-05-20 2 BUSINESSMEN no longer believe in advancing their firm's interest at the expense of society. They are now acutely aware that they should consider what Impact their actions will have on the environment besides carrying on their economic and commercial functions. They are also more sensitive523 words
-
305 1978-05-20 2 THE INDUSTRIAL Training Board and three firms in the plumbing and pipefitting line have launched a three-year junior trainee scheme in plumbing and pipe-fitting. Eighteen Junior trainees were recruited by the three firms Sansel Slngapura Pte Ltd, Magnificent Seven Corp and ACMES. Started on Jan305 words
-
Article342 1978-05-20 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 5: Compensation Employee Benefits, Hilton, POD May 20: The Effective Secretary, SIM, SIM May 24: Life Insurance agency mngt, Mandarin, SITC-Llfe Ins. Assn. May 25-26: Critical Path Analysis Project Mngt, Hilton, Price Waterhouse342 words
-
348 1978-05-20 2 FOO CHOY FENG - •y FOO CHOY FENG WEA Record International Inc., the overseas division of Warner Communications Inc., expects Its local sales of records and cassette tapes to more than double with the establishment of a company here to market its products. Housed in Shaw Towers,348 words
-
Article87 1978-05-20 2 THE SINGAPORE Insurance Training Centre will start its two-month certificate course for life agents on June 5. The course covers the basic principles of life insurance, legal concepts and servtcln* of clients. Examinations will be conducted at the end of the course. The course, now in87 words
-
-
Page 2 Advertisements
-
Advertisement69 1978-05-20 2 BELGIAN TEXTILE EXHIBITION 78 Date: 23rd May 1978 10.00 a.m.-5.00 p.m. (Tuesday) Singapore Venue: Hyatt Hotel "Twenty leading Belgian Textile Manufacturers specialising in Household linen, carpets and upholstery will present to Singapore textile specialists their latest range of products." Textile wholesalers, importers and dealers are cordioHy invited to attend. For69 words
-
Advertisement67 1978-05-20 2 NOTICE With effect from 11/5/1978 Mr. KOH TOH KIAN NRIC No. *****08-E Js no longer in the employ of KIM LIAN SENG TRADING CO. PTE. LTD., of No 514, Mocpherson Rood, Singapore, and therefore has no authority to transact any business or collect monies on behalf of the company. GOH67 words
-
-
Page 2 Miscellaneous
-
Miscellaneous594 1978-05-20 2 TWO-IN-ONE CROSSWORD m CRYPTIC PUZZLE ACROSS I One's personal box (3) 6 Snag that puts one out (5) Game of bridge (7) 10 Turf out! (5) 11 Wrathful as Gary may be about a certain point (5) 12 Try to catch or glean, possibly (5) 13 How one may complain594 words
-
-
OVERSEAS
-
798 1978-05-20 3 Reuter SOUTH African Finance Minister Owen Horwood said there' 1s every Indication the recent upward trend In gold price will continue In the longer-term though it will fluctuate in the short run. He has a "sober" confidence in gold despite the weakness ofReuter - 798 words
-
592 1978-05-20 3 Washington Star UPI BAD weather and the coal strike depressed US corCrate profits significantly it winter. The Commerce Department said profits before taxes declined by US$6.l billion (Ssl4 billion) to a seasonally adjusted annual rate of $172.2 billion In the first quarter. Subtracting tax liabilities.Washington Star; UPI - 592 words
-
Article255 1978-05-20 3 US FARM exports, boosted by higher prices this spring for grain and soybeans, are expected to set another record of U5525.5 billion (SSSB billion) this fiscal year. Three months ago the US Agriculture Department gloomily predicted that exports would decline to about $22.5 billion255 words
-
Article, Illustration290 1978-05-20 3 Reuter CANADIAN Finance Minister Jean Chretien (above) has introduced hanking legislation that will limit foreign operations in Canada and eaae conversion of an existing financial inatitution to a chartered bank. The new legislation waa introduced on Thursday for first reading in the House ofReuter - 290 words
-
441 1978-05-20 3 Reuter BRITISH money supply growth in excess of the targeted 9 to 13 per cent range may have little jffect on the real economy or inflation. Treasury Minister Denzil Davies said in Parliament the 16.25 per cent growth in sterling M 3 inReuter - 441 words
-
Article190 1978-05-20 3 AP TAX WRITERS Of the US House of Representatives resolved on Thursday to seek quick temporary relief for more than 100,000 Americans working abroad, who must file tax returns before June 15. The overseas workers' dilemma results from failure of the House and SenateAP - 190 words
-
WORLD IN BRIEF
-
Article599 1978-05-20 3 Agencies THE SWISS government is preparing a new study on the merits of joining the International Monetary Fund. Swiss National Bank president Fritz Leutwller said the study is not yet complete and the bank Is not participating in Its composition. HYDRO-QUEBEC confirmed Cssoo million (551.06 billion)Agencies - 599 words
-
-
955 1978-05-20 3 RESERVE RATIOS CUT Reuter AFP THE BUNDESBANK moved to ease curbs on nonresident deposits following the recent firming up of the US dollar on the foreign exchanges. The central bank said the minimum reserve ratios for banks' foreign liabilities will be reduced to the lowerReuter; AFP - 955 words
-
Article216 1978-05-20 3 AFP THE International Sugar Council has set up a special working group to study ways of Including the European Economic Community as a member, an ISC communique revealed on Thursday. The cpmmunlque, Issued after the council's two-day meeting in London, said that this "informal" workingAFP - 216 words
-
Article410 1978-05-20 3 Reuter SWISS National Bank president Fritz Leutwiler said the time has still not come to lift the ban on sales or Swiss securities to non-residents, the Anlageverbot. He said conditions for a lifting of the Anlageverbot are progress in reducing excess Swiss franc liquidity and stabilityReuter - 410 words
-
-
Page 3 Advertisements
-
Advertisement53 1978-05-20 3 m.v. "CHIDAMBARAM" VOY: 96 arrived 17th May, 1978 at P.S.A. Godown Noa. 42/43 General Survey of damaged cargo ex the above vessel will be held on Wednesday 24th May, 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agenta:R. JUMABHOY SONS (PTE)53 words
-
Advertisement140 1978-05-20 3 Haw Par Brothers laternational Limited Rtsilte for tin year «nM 31st Deceaktr 1977 Group Company 1977 1976 1977 1976 $'000 $'000 S'ooo $'000 Profit (Loss) before taxation (2,340) (9,770) 1,348 (1 766) Taxation (2,433) (2,252) 1 Profit/(Loss) after taxation (4773) (12,022) U4B (1j66) Minority interest 4 13 1 Preference dividend140 words
-
-
RAW MATERIALS
-
Article571 1978-05-20 4 OPENING prices were marked up 1.25 cents in the Singapore rubber market yesterday following higher London advices, but thereafter heavy profit-taking emerged to trim the rise slightly. Some forward demand notably October/December 1978 was noted and prehollday covering was evident in early trading. The morning session571 words
-
Article293 1978-05-20 4 R A S prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R S S prompt t.o.b. Buyers Sellers Buyers Sellers 211.50 212.50N 212.29 213.25N Int. 1 R.S.S. June 212.50 212.75 213.25 213.75 Int. 1 R.S.S. July 213.25 213.50 214.00 214.50 Int 2293 words
-
Article91 1978-05-20 4 NOON SSR and SMR prices yesterday: Jul July (Cuirat Mth) (Forward Mtk) HAS Buyer* Selkrt Buyer StIlai (emu par kg) (eat itaparkf) SSR 20 (1-ton pallet) ***** 203.SON 202.50 204.SON SSR 50 (1-ton pallet) 109.50 201.SON 200.50 20S.50N M.R.E.L.B. SMR5CV (1-ton pallet) 228.50 230.SON 229.00 231.00N SMR5L91 words
-
Article388 1978-05-20 4 POINTS which were construed bullish permeated the Singapore and Malaysian rubber markets this week to bring about a rise of six cents and the high point of trading for the year, before profit-taking set in to pare the gain marginally. Better London advices and talk388 words
-
Article31 1978-05-20 4 Rubber: May-19 Singapore: June 213.25 cent* (up 1.50 cents) Malaysia: June 218.75 cent* (up 1.25 cent*) Tin: M11.643H (down I 16 v Official offering: 247 tonne* (up 59 tonne*)31 words
-
Article201 1978-05-20 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne FOB basts Bangkok): White Rice: 100 pet Ist class 442. 100 pet 2nd class 427. 100 pet 3rd class 422. 5 pet 413, 10 pet 400. 15 pet 392. 20 pet 387. 25 pet 377 35 pet201 words
-
Article408 1978-05-20 4 ACTIVITY on the Singapore produce market remained at a low level yesterday. No offers were made despite enquiries for coconut oil from West Asia and East Africa. This was because of the shortage of supplv here since the main supplier. Sabah, Is not offering any copra to local408 words
-
Article374 1978-05-20 4 ROBUST A futures yesterday morning opened slightly steadier £2 to £20 per tonne higher from Thursday night in a turnover of 291 lots In London. Smallest and largest gains were In distance months while the first three positions ended the opening call with gains of £11 respectively. Dealers said374 words
-
Article297 1978-05-20 4 TERMINAL cocoa on Thursday afternoon went Into a sizeable decline in London on long liquidation and stoploss selling which was partly prompted by the posting of a further 280 original spot May tenders. Prices rallied from the lows In late trading, but still showed a decline In unrestricted spot297 words
-
Article182 1978-05-20 4 FUTURES on Thursday afternoon, closed £1.30 to £0.50 per tonne higher In London in a turnover of 1,443 lots including 13 options. The market generally held steady In the afternoon on trade buying and shortcovering In the nearer positions. Lack of news from India's white sugar selling tender ted182 words
-
Article75 1978-05-20 4 C.I.F. North European porta. In U8 dollars per ton unleas LONDON: Tleiiij S! Malaysia 5* ff» bulk per tonne July Sumatra 5* ffa bulk May June July August September Nigeria W ffa bulk st« S00 sir unch S32.90slr •06 slr/002 »pd MS sir uncb unq 586 sir 86075 words
-
Article58 1978-05-20 4 Shipment of Straits refined tin from Penang from May 1 to May 15 This Period Destination Shipped Afloat Shipped tonnes tonnes tonnes Africa -.50 Australasia 2.00 Continent 771.50 80.00 India 142.00 Japan 511.00 50.00 West Asia 29.00 Pacific *****0 Singapore 42.50 7.25 United Kingdom 100.00 USA 155.00 120.0058 words
-
Article252 1978-05-20 4 THE STRAITS Un price In Penang yesterday was down MSI6 5/8 to *1.643 3/8 per plcul on an official offering up 59 tonnes to 247 tonnes. Values turned weaker following Thursday's lower London prices, with news of US stockpile releases continuing to affect market sentiment. In LONDON yesterday,252 words
-
Article157 1978-05-20 4 THE SUGAR futures market closed around US 0.05 cents higher yesterday in quiet and featureless trading, with turnover easing to four lots from 12 on Thursday. The Hongkong dally spot sugar price rose 0.05 to 7.20 cents, while net open positions totalled 42 lots after Thursday's trading. SUGAR157 words
-
Article195 1978-05-20 4 YARN and cotton In Hongkong dollars, spot ex-godown Cotton Yam: China Blue Phoenix 20a 1.790 32s 2.100. 40s 2.280. (per bale of 400 lbs). Piece Good*: China Butterfly and Globe Brand unq, Dragon Head una. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq. (per piece 38195 words
-
Article127 1978-05-20 4 SOYBEAN futures on Thursday rallied late in the session and closed at the day's highs with gains of USI2K to 1% cents a bushel in Chicago, led by the May contract. Prices covered ranged as much as 12 cents as they swung to either side of the previous close127 words
-
Article122 1978-05-20 4 WHEAT futures In Chicago showed small price changes In most months at the close on Thursday, but ended the session on a firmer note. The May contract closed US 4-1/2 cents a bushel higher k The market rose about two cents in early trading on technical buying and speculative122 words
-
Article311 1978-05-20 4 COPPER wlrebars In London yesterday finished the morning with all round gains of £5.5 per tonne. v The worsening situation in Zaire remained the underpinning Influence on the market throughout the morning, dealers said. Nervous short-covering and fresh buying took three months up to £740.5 during the late kerb311 words
-
Article203 1978-05-20 4 SILVER on the LME on Thursday afternoon, lost 2.3 to 1.9 pence per troy dunce in London. The early advance at New York and firmer gold prompted short-covering and fresh buying during the afternoon up to 292.0 pence per troy ounce for three months. However, profit-taking soon pared gains203 words
-
Article82 1978-05-20 4 ZINC on the morning rose by £5.25 for cash and £5.5 for three months in London yesterday. The continued firmness stemmed from fresh and chart buying combined with further straddling with lead which took three months up to a new high for the year of £325 for three months82 words
-
Article466 1978-05-20 4 THE kllobar In Singapore opened at 8513,518 yesterday and closed at 113,545, with a trading range of $80.00. In the London market, the metal opened at U*****.75/ 179.05 ahd closed at $179.20/50. The London morning fix was U*****.65, down 75 cents from the previous fix. Source: Slagmas In HONGKONG466 words
-
Article108 1978-05-20 4 LEAD on the morning was up £0.5 for cash and unchanged for three months In London yesterday. This metal was steady on the pre-market in line with copper, but values softened in the ring under liquidation and further straddlng operations against zinc, dealers said. Three months closed at £301.5.108 words
-
MONEY AND EXCHANGES
-
Article495 1978-05-20 4 THE US dollar firmed against most of the major currencies in the foreign exchange market yesterday. Trading, however, was thin. Opening against the yen at the 227.40 50 level, the dollar only firmed to 227.80/90 during the opening hours of London. Against the Deutschemark, the dollar also gained495 words
-
Article150 1978-05-20 4 Asian rates ASIAN currency deposit interbank rates as at close on May it I S Dalian (Spot) 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .79/16 81/8 .7 7/8 8 via .6 7/16 .8 1/2 8w. Fr». (mMimr 77/16 8 73/4 77/8 83/16 85/16150 words
-
Article21 1978-05-20 4 THE average rate at' which Singapore banks are currently prepared to lend to their best customers is 7 per cent.21 words
-
Article144 1978-05-20 4 Euro rates EURODOLLAR deposit rates held basically steady in slow trading yesterday. There were some adjustments in fixed dates where the one month was marked up for a Friday end while six and nine months firmed 1/10 for the same reason. The four month rate eased 1/16 because of a144 words
-
Article53 1978-05-20 4 RESULT8 of tender held on Amim Mte W0 20 May 19 for 91-day Treasury approximately 43 per cent higher bid* bills to be Issued from May 23 to May 26. In full Ofcrrt: 00.000.000 Avwaff i nu 3.109 per cent A»*Mfer MS.000 000 rftffea AM4: *30.000.000 ibtw53 words
-
Article249 1978-05-20 4 THE DOLLAR .opened mainly steadier in moderate nervous business yesterday as it began to recover from Thursday's largely overdone decline, while the pound opened easier. Massive dollar selling on Thursday followed a large commercial selling order from Germany and comments by Otmar Emminger, Bundesbank president, that the dollar's rise249 words
-
Article201 1978-05-20 4 THE US unit finished near its lowest levels of the day in moderately active trading on Thursday. Around mid-session the dollar improved slightly when the Federal Reserve appeared to be moving to tighten monetary policy a notch. However, it retreated rather quickly again, dealers said. The mark firmed201 words
-
Article127 1978-05-20 4 THE US dollar closed slightly firmer yesterday, compared with overnight New York levels after reversing an earlier easier tendency. Trading was thin with the dollar quoted at 2.1045/ 55* marks compared with 2.1045 mid-point in New Tork and at 227.30/ 40 yen against 227.20. Sterling weakened to US$l.Bl5O/ 60127 words
-
Article110 1978-05-20 4 THE US dollar for overnight delivery yesterday closed lower at 227.40 yen, compared with a 227.10 opening and 228.53 at Thursday's close. Tredlng was moderate with volume USS3S6 million. The dollar eased In light but nervous late trading on increased sales by Japanese traders of dollar export Ifllls to110 words
-
Article58 1978-05-20 4 AUSTRALIA/NZ exchanges quoted on May 19. AUBTRAUA: US dollar 1.1288/ 1 1245 Sterling 0.8228/ 0.8198 Ninety-day air mall buying rates: Sterling 0 8422 US dollars 1.1804 Ninety-day forward buying rates Sterling 0.8252 US dotwrs 1.1248 NEW ZEALAND: Sterling 0 508 V 0 5622 U8 dollar 1.0133/ 1.0033 Ninety-day airmail58 words
-
Article54 1978-05-20 4 ZURICH exchange closing quotes on May 18. US 1 0637-9652 Stg 3 5745-5706 Can 1 7605-7824 Nmk 93 3317-4475 Dfl 87.0434-1872 Ffr 42 2210-2008 Bfr 5 9778-9878 Dkr 34 2975-2907 Nkr 36.0312-0806 Skr 42 2210-2024 Lit 0 2298-2290 aus sch 12 0817-0002 Port 4 2894-3021 Spain 2.4100-4200 Arg 054 words
-
Article41 1978-05-20 4 FRANKFURT exchanges closing quotes on May iff. US 2 1090/66 U K 3 825/839 Netherlands 93 37/52 Swltaerland 100.00/107.06 Belgium (com) 6 406/415 Belgium (fin) 6.28/28 France 49.30/40 Norway 38 80/83 Italy 2 41/42 Japan 0 9290/90 Canada 1 9035/4541 words
-
-
-
Page 4 Advertisements
-
Advertisement240 1978-05-20 4 Singapore Sass (1974) Limited COMPANY ANNOUNCEMENT The Directors are pleased to announce that they have decided to recommend a First and Final dividend of 12 x h% less 40% income tax in respect of the financial year ended 31st March 1978 (last year 10%) and, if approved by the members240 words
-
-
TRANSPORT
-
218 1978-05-20 5 Reuter THE WEST German airline, Lufthansa, said on Thursday that guerilla threats to blow up three of Its aircraft had cost the company about 80 million marks (Ss92 million) last year. Management board chairman Herbert Culmann said bookings fell sharply in the last two monthsReuter - 218 words
-
Article170 1978-05-20 5 UPI SOVIET grain fixing gave way to the Chinese who booked several loaders on time charter for delivery In spot to prompt positions on Thursday. At least three grain loaders were taken on time charter for the trip to China, two of which secured US$4,OOO (559.200) per day.UPI - 170 words
-
570 1978-05-20 5 Our Reporter - By Our Reporter SMALL SHIPYARDS In Singapore are receiving a steady stream of contracts to prop them up during difficult times. Many of these contracts, however, are small Tech--4 Marine, for instance, landed a $600,000 contract for 10 small fish-collecting vessels recently.570 words
-
Article, Illustration93 1978-05-20 5 A PEEK at Air New Zealand's new look firetciaM cabin which will be introduced by year-end. The centre-piece is an oblong coffee table which it made possible by removing two seats from the centre. The two seats forward of the coffee table are swivel seats so that93 words
-
Article686 1978-05-20 5 ARRIVALS Service Local Operator Number Time From CAL CI 333 0040 TPE/HKG/KUL MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH871 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000 HLP RBA BI323 1025686 words
-
229 1978-05-20 5 THE MARINE engineering complex at Ipoh's Ungku Omar Polytechnic, the first of Its kind in Malaysia, will be capable of turning out Junior engineers for all ocean-going ships. Costing about M 12.8 million, the complex will provide five-year diploma courses on marine engineering.229 words
-
Article122 1978-05-20 5 A PROBPEROUB future for roll-on roll-off ships in deep sea trade is forecast in a report by the Marine Transport Centre of the University of Liverpool. There Is serious overcapacity in roll-on roll-off shipping on the short North Sea routes, but over longer distances there Is122 words
-
Article602 1978-05-20 5 THE ORDER-STARVED French shipbuilding industry faces a sudden deterioration In its position with a Swiss concern, Allfls, likely to be forced to cancel orders for 12 small cargo vessels placed with French yards. Allfls has been unable to raise the money to authorise work to602 words
-
Article173 1978-05-20 5 FURUNO Electric's new facsimile recorder has Just been marketed for ships. This small-sized FAX-103 recorder Is used to receive and transmit Information concerning meteorological charts, sea and fishing conditions, and general news. It can be operated and Installed even in small ships like fishing boats. With173 words
-
Article86 1978-05-20 5 Reuter BOMBAY harbour has become acutely congested because of labour shortage. Twenty cargo vessels, Including three carrying edible oils, were in midstream on Thursday waiting for berths, port authorities said. Bulk carriers have been advised to use other major Indian ports to ease the congestion in Bombay harbour.Reuter - 86 words
-
Article470 1978-05-20 5 PRESIDENT Carter has stepped Into a politically touchy situation by asking British Prime Minister James Callafhan to allow non-stop airline service by two airlines between London and three U8 cities, Instead of only two as provided by an agreement. Mr. Carter's request was sent on Wednesday In470 words
-
Article, Illustration307 1978-05-20 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Berezovka (after Ibn Albeltar) 47 Cherry Vilja (B. Barge) (0900 48 Elias (after Unique Enterprises) 15/16 Hoegh Orris (after Merlin Si Xuan Hua) 31/32 Ibn Shuhaid (after Brlnton Lykes) 6/7 Kimanis (1100) 25 Kumrovec (after San Luis) 44 MlkoleJ.ReJ (after Murrayeverett) 38/39307 words
-
-
Page 5 Advertisements
-
Advertisement221 1978-05-20 5 via r w H 4 ar I* $105/ POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. In the kingdom of flowers, orchids are the undisputed glamour queens. Their elegance of form, vitality, and almost sinister exoticism give them the haunting beauty221 words
-
-
364 1978-05-20 6 IN THE context of Asean, greater trade means much more than Just economic wealth for the Individual Asean country. It provides the means for a more even and better distribution of Income, which Is a highly effective measure against communism In the region.364 words
-
Article284 1978-05-20 6 INDUSTRIAL companies are forever being badgered to make donations, underwrite worthy causes, sponsor events and generally adopt the role of the generous uncle within the society in which they operate. For executives and directors it Is no easy task to decide where and how to284 words
-
Article, Illustration1741 1978-05-20 6 Criteria and guideline* for World Bank lending change ever the years, no matter the ssetor. World economic conditions change; newer and better analytical techniques enage within the Bank and force change. So, too, do criteria and guidelines change front time to time in the Bank's policies for1,741 words
-
Article, Illustration965 1978-05-20 6 John Tan - LETTER FROM AMERICA by John Tan SINGAPORE has unfortunately been classed among the more successful nations of East and Southeast Asia, with others like Japan, Hongkong, South Korea and Taiwan. Unfortunately, not because the Republic is any less successful than any of the965 words
-
Page 6 Advertisements
-
Advertisement374 1978-05-20 6 y.-t J A h iW sinGapura FORUM 3 HOTEL •II I I MS Onhui M B'pore I. T«4:*****2 Experience the unique expression of TanlA Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except374 words
-
-
Page 6 Miscellaneous
-
Miscellaneous59 1978-05-20 6 OUTLOOK for Singapore from 6a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 p.m. on May 19 at the airport. Maximum Temperature 30.8° C Associated Humidity 71 Minimum Temperature 24.7° C Associated Humidity 92 Hours of Sunshine 1.80 Rainfall in Millimetres 23.0 Total Rainfall for the59 words
-
Miscellaneous280 1978-05-20 6 SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 2.05 Saturday Matinee Cannon For Cordoba starring Georae Peppard, Giovanna Ralli, Raf vallone, Peter Duel 3.40 Police Surgeon Man Outside 4.05 World Badminton Invitation Championships (Finals) 5.00 Sandiwara Tinggal Kasih Kerana Sayang (Repeat) a Malay drama 5.40 Gunsmoke The Town280 words
-
-
Article, Illustration1161 1978-05-20 7 FUNG CHEN CHOON - •r FUNG CHEN CHOON Borneo Bulletin MASSIVE road improvement projects underway In Sabah are already giving a valuable side benefit to the Malaysian state hundreds of extra Jobs for the people. And the opportunities for local labour along these routes will rise sharplyBorneo Bulletin - 1,161 words
-
807 1978-05-20 7 RUSSELL BAKER - •y RUSSELL BAKER NYT IT WAS a mean town. It was a curse on the lips of' everybody in the territory. "It's time to clean that town up," everybody said. Restore law and order. Make it fit for kids to go to Sunday schoolNYT - 807 words
-
Article, Illustration344 1978-05-20 7 dar. The family thui commemorsting the passing away lut yem of a M year-old grandfsther waa a longeeubliahed and wealthy "Baba" (Strait*-born Chlneee) merchant family I am told that very flew beaidea the wealthy owiid afford euch a ceremony in any caao, aa it —the oootiy344 words
-
920 1978-05-20 7 Hock Lock Siew - FOBOMj r i ...on economics •y Hock Lock Siew THE US has made a prudent military withdrawal from our region, or at the very least, has adopted a low profile. Any suggestion of economic withdrawal, however, would be painful for Aaean. While the US downgrading920 words
-
Page 7 Advertisements
-
Advertisement326 1978-05-20 7 Lunch TODAY -OKOH T K <g) J, t. 9 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penartg Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel *****2 What is it about the Imperial Bar that brings them in326 words
-
-
Page 7 Miscellaneous
-
Miscellaneous19 1978-05-20 7 BriStoW: Frank Eh ztenS m LooesT b»t or CP\ST«sJG> 6\« TORDV THOraPSOU TH£ F\*r cfcßuiefc KING, HttfeD r rjKsi19 words
-
-
INTERNATIONAL STOCK MARKETS
-
Article599 1978-05-20 8 TOKYO PRICES declined slightly yesterday, as small-lot sales continued. Reappreclated by expected conspicuous business recoveries, larfe-capltal steels edged up with heavy volume traded. Tills was most prominent In the day's market. Investment favourites lost In the morning market but recouped them somewhat towards the close. Low-priced cyclical599 words
-
Article410 1978-05-20 8 Source: Sun Hung Kai Sec Ltd. AFTER a slow start yesterday when scattered offerings caused the market to drift off, prices picked up towards lunchtlme buoyed by agresslve Interest In shares such as HK Wharf and City and Urban. HK Wharf appeared to be more tightly held as ItsSource: Sun Hung Kai Sec Ltd. - 410 words
-
Article265 1978-05-20 8 URANIUMS, speculative mining and oU stocks set the pace yesterday with some sharp rises while other top mining stocks and Industrials eased. MAY It Cents INDUSTRIALS A.C.I. 165 -1 A.N.I. -1 A. P.M. 127 unch Ampol Pet. 81 unch B. H. P. 872 -2 Bank NSW 582 +2 Boral265 words
-
Article119 1978-05-20 8 THE market continued firm across the board yesterday, with turnover rising substantially. Minings firmed in line with the rise in world copper prices, and commercials and oils also rose, dealers said. MAY 1* Pesos Aco)e Mining .011 unch Atlaj Con A Atlas Con. B 14.90 +0.8 Bagulo Oold 0078119 words
-
Article138 1978-05-20 8 MAT It Bahts Asia Fibre 258 -1 Bangkok Bank 377 unch Bangkok Invest 360 •4 Bangkok-Metro-politan Bank Bata BerllJucker Carpet Intnl Charoong Thai 294 Wire -4 Dumex DusltThanl Faber Merlin First Trust 438 25 Genera Finance Indo-Thal Industrial Finance Corp 2495 unch J And J Ho Jalaprathan 200 Cement138 words
-
Article62 1978-05-20 8 FINANCIAL TIMES INDUSTRIALS Thursday 480.9 Wednesday 480.3 Week Ago 479.8 DOW JONES AVERAGE INDUSTRIALS Thursday 850.95 Wednesday 858.37 Week Ago 834.20 LONDON DOLLAR PREMIUM Thursday 113 to 113* Wednesday 110* to ***** H.K. HANG SENG Friday 402.15 Thursday 458.82 Week Ago 450.42 SYDNEY INDUSTRIALS Friday 428.82 Thursday 428.1162 words
-
Article187 1978-05-20 8 FA ROPFAS MA RKF'IX EUROPEAN bourses generally Improved on Thursday except for Amsterdam and Brussels. In PARIS, the market was generally firm, with an undercurrent of foreign buying orders. FRANKFURT shares row in continuation of Wednesday's recovery, helped by expectations of liquidity easing measures from the Bundesbank187 words
-
Article221 1978-05-20 8 MAY It FU ABN 349 00 Ahold 107.50 1.3 AkZO 28 20 -0 3 AMEV 84 80 -0.2 Am fas 112. SO -1.3 Am rot Bank 7« 00 -0.2 Bergoss S3 SO unch Berk 97 00 unch Bo Is 88 20 -1.3 BorsumlJ 182 00 -2.5 Burhm&nn 70.30 unch221 words
-
Article256 1978-05-20 8 MAY 18 Frs CORBEILLE Alr-Liquide 300 ♦3 B 8 N Oervals Danone 507 ♦J CSFfThomsonCsf) 242 unch Cle Franc*!* des Petroles 124.90 -1.1 Compacnle Financiers Compacnle Generate 351 ♦6 Credit Foncler De France 330 -1 Hachette (Llbralrle) 174 1.9 Machines Bull 36 90 >0.3 Michelln (B) 1401 -1 Parlbas256 words
-
Article375 1978-05-20 8 OOLD shares were generally steady by the close In quiet trade on Thursday. Dealers said mining Financials followed the trend in colds. OFBA was 25 cents lower at 2100, but Q«n It In gained a similar among 2725. Elsewhere. De Beers gained three cents to 503. Platinum shares were375 words
-
Article218 1978-05-20 8 MAY U Dm Aef-Telefunken 80.M -0.1 Akxo 28 70 A1U Leben 603 -1 Allz Vers VS2 -s BASF 135 30 1.3 Bay H T Wbank 275.M -0.5 Bay Vbank 288 M ♦0.7 Bayer 137.M ♦0.4 BBC 282 -2 BMW 227.M ♦4 Cassella 348 unch Chem Verw 237 Commerzbank 214218 words
-
Article100 1978-05-20 8 MAY IS Lire Ante 103 1 Assoc Oen ***** unch Baslofl 450 +8.5 Cenlrale 3400 168 Fiat 1980 +2 Finslder 80 50 +2.5 Gen Immob 73 +0 75 IFIPn 2214 15 Ilalcementl ***** 298 I taigas 881 15 Italsider 188 14 Majnrtl M Pf 440 -2.5 Marelll Ere 280100 words
-
Article183 1978-05-20 8 MAY IS Francs Actions Sulsses 2M 1 AlusulsseBr 1250 +30 Alusulsae Reg. 514 4-7 Brown Boverl Br. 1700 30 Clba Gelgy Br 1170 -5 Clba Gelgy PC 890 unch Clba Gelgy Reg Credit Bullae Br 618 -8 2180 15 Credit Suisse Reg 414 4-2 ElektrowattBr. 1870 4-20 George Fischer183 words
-
Article93 1978-05-20 8 MAY IS Frs FORWARD MARKET Acec 278 -2 Arbed 2465 -20 Astur •WO -12 Brascan 504 -4 Bru-Lamb 1815 -10 Canpac 572 +2 Cock 426 -17 De Beers 167 4-1 Ebes 2220 -40 Electrobel 6590 -10 Ob-Inno-Bm 2030 -20 Gev 1306 -4 Hobok 2350 -50 Pet.ro 4255 •15 Ryl93 words
-
Article1311 1978-05-20 8 NEW YORK THE stock market, responding to weakness in the dollar, dropped sharply In heavy trading on Thursday. Analysts pad that when the dollar sagged, Investors decided to take their profits and get out. Additionally, they said. Investors were discouraged when the Fed apparently moved1,311 words
-
Article338 1978-05-20 8 SHARE prices closed higher In active trading on Thursday as bank Issues rose sharply following Introduction of new banking legislation in parliament. The composite Index was up more than 3W points and advances outpaced declines 248 to 234. The Financial Services index gained 22 V, points with Bank of338 words
-
Article1431 1978-05-20 8 May 18 CHICAGO Board Options Exchange volume slowed to 168,905 contracts from 101,410 contracts on Wednesday. OPTION JLY OCT JAN STOCK Alcoa 40 (1/* 7/ft UNTRD 47 5/8 Alcoa 45 4 ft ft 47 5/8 Alcoa SO 2 5/8 1S/S 31/4 47 5/8 Am Tel 55 77/B1,431 words
-
-
Page 8 Advertisements
-
Advertisement203 1978-05-20 8 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics203 words
-
-
INTERNATIONAL COMPANY NEWS
-
414 1978-05-20 9 EUROPEAN SAAB-SCANIA, the Swedish truck, car and aircraft manufacturers said in Its annual report that 1978 should see a growth In sales of about 10 per cent. This is based on the assumption that the business cycle Is on the uptrend. The group operating profit414 words
-
Article300 1978-05-20 9 TRAFALGAR House Ltd announced pre-tax revenue of £29.49 million (£21.01 million) In the half year ended March 31. Sales were £639 million (£250 million). Interim dividend was 2.83 p (2.54). The board intends to pay the same amount in a final dividend, unless dividend regulations are300 words
-
Article103 1978-05-20 9 MARSH and McLennan Co inc said it continues to seek direct access to the London insurance market despite rejection by Lloyd's of a plan the US company believes would not have disturbed historical patterns of operation in London. The company told shareholders "we will continue to look103 words
-
394 1978-05-20 9 ASIAN A DEFINITIVE agreement was signed in Buffalo between Marine Midland Banks, Inc. (MMBI) and the Hongkong and Shanghai Banking Corporation (HSBC) under which HSBC will make a substantial investment In MMBI common stock increasing MMBI's capital by US$2OO million. Concurrent with the394 words
-
Article262 1978-05-20 9 Reuter AUSTRALIAN Consolidated Industries Ltd announced unaudited attributable consolidated operating profit of A 522.01 million ($16.11 million) for the year ended March 31. Sales were $684.24 million ($606.70 million). Profit is after tax of $13.99 million ($22.40 million), depreciation of $25.55 million ($24.48 million),Reuter - 262 words
-
Article182 1978-05-20 9 AP MELBOURNE: The Datsun car maker, Nissan Australia Ltd., Is watching closely the plan by the Japanese Mitsubishi Group to take up a significant shareholding in Chrysler Australia Ltd., Takashl Ishlhara, president of Nissan Co. or Japan, said. Mr. Ishlhara is on his third visit to AustraliaAP - 182 words
-
235 1978-05-20 9 EMI Sound and Vision Equipment, a division of EMI Industrial Electronics, has been awarded a contract worth £512,000 to supply cable television systems for the 1980 Moscow Olympics. This is the first cable television contract from the Soviet Union to be won by the235 words
-
Article75 1978-05-20 9 PHILLIPS Petroleum Co said its annual production of crude oil from the North Sea Ekoflsk area when ail seven fields come on stream is estimated at 650,000 barrels per day, not as high as earlier estimates. Phillips said, however, ultimate total recovery remains unchanged. The company said in75 words
-
134 1978-05-20 9 Reuter MELBOURNE: Jardine Matheson Australia Ltd said it lifted consolidated operating profit to A 51.27 million in calendar 1977 from $628,000 In 1976. The profit is after unstated tax, minorities and extraordinarles. The unlisted company, a wholly owned unit of Jardine Matheson and CoReuter - 134 words
-
138 1978-05-20 9 Reuter MELBOURNE: Abminco NL shares will be delisted on all Australian stock exchanges Immediately following the merger with Aberfoyle Ltd, the Melbourne Stock Exchange said. As previously reported, the merger took place as the third stage of the reorganisation of the Cominco Ltd Group'sReuter - 138 words
-
279 1978-05-20 9 Reuter RANK Hovls McDougall Ltd announced pre-tax profit Of £15.99 million (120.83 million) for the half year ended March 4. Sales were £598 million (£560 million) and interim dividend 1.452p (1.32p). Earnings per share came to 2.7p (3.4p). Pre-tax profit was after rationalisationReuter - 279 words
-
249 1978-05-20 9 Reuter UNILEVER Ltd and NV announced combined first quarter 1978 pre-tax profit of £110.6 million (£124.0 million) on sales of £2.29 billion (£2.22 billion). Earnings per share came to 12.76p (13.41p). Operating profit was £106.2 minion (£llB.O million), associate companies pre-tax profit £16.8 millionReuter - 249 words
-
Article256 1978-05-20 9 Reuter SYDNEY: The New South Wales (NSW) government {>laced a A9O cents a tonne evy on all coal exported by six companies mining in the southern, western and southwestern coal basins, effective Immediately, Public Works and Ports Minister Jack Ferguson said. The temporary levyReuter - 256 words
-
Article146 1978-05-20 9 KOMATSU Ltd announced consolidated 1977 net profit of 12.79 billion yen (15.09 billion). Sales were 424.40 billion yen (403.38 billion) and earnings per share 18.20 yen (22.11). Meanwhile, Japan's largest bearing exporter Kovo Seiko Co. nas won a Polish order for a rollerbearing plant worth146 words
-
Article124 1978-05-20 9 Reuter TOKYO: Nippon Light Metal Co Ltd said it will absorb two Japanese subsidiaries in October this year to restructure itself into an integrated aluminium smelter roller fabricator distributor. The company, halfowned by Alcan Aluminium Ltd, said It reached agreements with the two, Nikkei Atsuen Kalsha andReuter - 124 words
-
Article71 1978-05-20 9 MANILA: Atlas Consolidated Mining and Development Corp said it hopes Mitsubishi Metal Corp will accept a smelting and refining price rollback to 1978 levels. Atlas secretary. Antonio Infante said he hopes Mlt- sublshl will accept a two or three cent rollback In a third round of talks due71 words
-
522 1978-05-20 9 1 N AMERICAN b Reuter SHELL Oil Co expects Its 1978 capital spending for oil and gas exploration and production to total US$l.3 billion, up about 10 per cent from the 1977 level of $1.16 billion, president and chief executive John Bookout told oil analysts.Reuter - 522 words
-
Article317 1978-05-20 9 Reuter EASTMAN Kodak Co said Its share of the amateur conventional still camera market fell to 53 per cent In 1976 and about 31 per cent in 1977 from a 63 to 75 per cent range in the 10 years from 1966 through 1975.Reuter - 317 words
-
281 1978-05-20 9 WELLS Fargo earnings (income before securities transactions) for the first quarter or 1978 were U5525.41 million, equivalent t011.14 a share, compared with a restated figure of $16.66 million, or 83 cents a share, for the same period a year ago, Richard P. Cooley,281 words
-
140 1978-05-20 9 Reuter TORONTO: Sun Oil Co Ltd said it has found natural gas at a discovery well in the MacKenzie Delta for which it is operator. The company said the well was drilled to 13,193 feet off the .edge of an island in theReuter - 140 words
-
161 1978-05-20 9 Reuter F.W. WOOLWORTH Co announced first quarter earnings per share of US32 cents against 21 cents previously. Net profit came to $10.3 million compared with $7 million previously. Sales were $1.23 billion against $1.15 billion previously, (figures include 52.7 per cent equity interest In F.W.Reuter - 161 words
-
Article88 1978-05-20 9 Reuter AMERICAN Telephone and Telegraph Company declared its 384 th consecutive quarterly dividend. A dividend of US$l.l5 on the company's common shares will be paid on Saturday, July 1, to stockholders of record May 31. Earlier this spring, the giant utility announced a 21 per centReuter - 88 words
-
-
Page 9 Advertisements
-
Advertisement9 1978-05-20 9 The Love of ne%e ooking .V -J Kenneth Lo9 words
-
-
DEALS DONE ON THE SES AND KLSE
-
Article1508 1978-05-20 10 Sift "prices offi claUy listed and business l and reported to the Stoc Exchange of Singapore yes Wjrday with the number c shares traded shown 1 brackets In lots of 1,000 un its unless otherwis specified. All Ttane Settle merit Contracts are auote< after the word "sett"'. Bl1,508 words
-
Article97 1978-05-20 10 J/«* 15/9/00 250.000) (IOOjSOB 100.458) (0) 100.45 T P 18/4/81 (250.000) (100.658 100.758) V** 1/VTO-01 (250.000) (101.758 101.958) 5% T P 1/6/6J (250.000) (100.458 100 558) J <**>.000) (100.70B) USij""" < OMO> o«S«. m <asC000) 1/2% T P 11/VI7 (250.000) (100.458 100.606) l-aw,ww 6 3/4% T P lV&to97 words
-
Article120 1978-05-20 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) (0.588 O.C7S). <?•»*- Si.7B) (A. SOB 0.758). 1 W8) (Ju «•»>120 words
-
-
Article2502 1978-05-20 10 1978 High Low Company Last Sale +orGr's Gr's Net Dlv Dtv Y'ld P/E CTT Vol Day COM) High Low m m SECTION ONE INDUSTRIALS 181 213 3S83 190 235 V, 190 •98 422 132 Acma 123* Alcom 112 Allied Choc 195* Bata 60W Ben 162 Berjaya Kawat2,502 words
-
Article1937 1978-05-20 10 BID and offer prices official!} listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Alinamata (2.308 2 508). Alaam (2MB) (1) 2.06 (3) 2.08. A1,937 words
-
Article, Illustration708 1978-05-20 10 PRICES rf selected locks raced to iiupirinf gains on buying within the first hour on the Stock Exchange of Singapore yesterday. J _Malaysian counter Lien Hoe in the second trading •action tore away from the pack with a 27 cent advance to $2.23. Interest in this708 words
-
Article638 1978-05-20 10 PRICES continued to fluctuate Irregularly under fairly active conditions on the Kuala Lumpur Stock Exchange yesterdav. Spurts of speculative buying, however, remained visible, and generally provided for the main spark of interest yesterday. As expected, volatile stocks remained the major contributors to market activity with marginal638 words
-
Article146 1978-05-20 10 8INGAPOM UNIT TRUST <Maaa—■' ptm far May a) INCOME BOND UNIT The Commerce l.M 2 07xd ThaSMtnf Puod 1J0 1*7 INCOME BOND rwvmm i 106 1.11 S pore Protrund O.M 1.03 Spore Sacurtty .Pund 1 B> 200 arporc Invest Pund 1.21 l.M MA*A BUMIPUTRA PUND (Mrai—■' prtaaa far146 words
-
COMPANY NEWS
-
Article, Illustration626 1978-05-20 11 ARTHUR NG - »r ARTHUR NG SINGAPORE Land looks set to arrest Its .three-year downtrend in profits by the end of the current financial year. Already, for the six months ended Feb 28, 1978, the property developer has turned in group pre-tax earnings of $1.46626 words
-
114 1978-05-20 11 Reuter PERANOSANG Rio Tinto Malaysia Sdn Bhd managing director Abdul Ohanl Pateh Akhlr said the building of the company's M 523.2 million tin dredge Is progressing ahead of schedule and the dredge may start work ahead of its planned July 1979 start-up date. TheReuter - 114 words
-
LATEST RESULT
-
Article48 1978-05-20 11 Un- audited group pre-tax profit $3.5 million ($1.83 million), while company made $3.1 million ($1.45 million), up 90.9 per cent and 112 per cent respectively. Group sales up 25.5 per cent to $24.73 million ($19.7 million) against company sales of $21.6 million ($l6 million).48 words
-
-
568 1978-05-20 11 SUSAN SEVAN - ■y SUSAN SEVAN WITH A QUITE remarkable turn of speed, Harrisons and Crosfield has produced the formal documents for its offer for Harrisons Malaysian Estates which was announced only a week ago. Obviously, Harrisons has been so harrassed by the many takeover battles568 words
-
Article767 1978-05-20 11 C.K. Tang Ltd: AOM to be held at 310, Orchard Road, Singapore, at 12 noon on May 20. EOGM to be held at the same venue. Intraco: AGM to be held at 2nd Floor, Industrial and Commercial Bank Building, No. 2. Shenton Way, on May 20. Development Bank767 words
-
Article129 1978-05-20 11 A JOINT-venture sugar project between a Japanese company and Flma is believed to have run into difficulties because of conditions imposed by a Selangor state authority. It is understood that the joint-venture to grow "sugar grass" on about 1,214 hectares of Selangor state land has been129 words
-
Article51 1978-05-20 11 FABER Merlin Malaysia has stated that It is' not aware of any reasons behind the speculative activity In its shares recently. The company was replying to a query posed by the Kuala Lumpur Stock Exchange. Faber Merlin added that there were no matters of importance pending51 words
-
344 1978-05-20 11 PACIFIC Development Credit has informed the Kuala Lumpur Stock Exchange that it has obtained Hongkong High Court approval for the sale of 15.88 million San Imperial shares by subsidiary Malaysia Borneo Finance (MBF) to Hongkong company Sul King Cheung Hlng Yip344 words
-
256 1978-05-20 11 BRITISH brokers James Capel are recommending the purchase of Guthrie Corporation, the UK parent of Guthrie Bhd. Capel says the bid from Harrison and Crosfleld for Harrisons Malaysian Estates highlights the anomaly of Guthrie's rating in the UK market. While Highlands and KLK are256 words
-
Article198 1978-05-20 11 IN A re-organisation of Its O structure, Boustead ngs this week announced that It has reached agreement on terms to sell off a wholly-owned subsidiary, Windsor Rubber Estate to Boustead subsidiary Malakoff Berhad. The cash consideration of M 54.7 million Is to be satisfied by a198 words
-
1062 1978-05-20 11 GUTHRIE Ropel's results in the first half of 1978 will not be up to last year's very high levels, due mainly to the lower than anticipated crop yields, says Its chairman Mr. M.J. Gent. This forecast applies particularly to Its oil palm which in1,062 words
-
Article292 1978-05-20 11 THE PREVAILING high tin price could not offset the decline In output which cut deeply Into the profits of Kent (FMS) Tin Dredging for the year ended Dec 31, 1977. The company, facing a very limited life In Its mining concessions, has reported a 38 per cent292 words
-
Article803 1978-05-20 11 1 1 Current Ex laynseat Date Books cioee Date payable Total for the year Total for •previous year UBS Raleigh C.K. Tu| Oh—hr Dunlop Estate Sc. ProptrtlM M.CtbU Inlraco Dunlop Industries High 4 Low Kulim Sime Darby MBS King's U.O.L Loan George Kent Shell UE(Praf.) UE (Ord.) Kiata803 words
-
Article195 1978-05-20 11 Coaipaay Particulars Ex Date Books CkMe UiMPIuUtkn Bonus Issue of 1 (or 10 May 20 Jun 7 Malax Bonus Issue of 1 for 3 May 30 Jun 8 TuChaM Bonus Issue of 1 for 3 May 31 Jun 10 Qroot BosUra Ufi i Bonus Issue of 1 for195 words
-
-
Page 11 Advertisements
-
Advertisement118 1978-05-20 11 For a Successful BANKING Career ILI I PTA LRA MA SOU NET Wblsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma (AIB). The duration118 words
-
-
371 1978-05-20 12 WANG LOOK KEAH - ■y WANG LOOK KEAH DESPITE appeals by the Singapore Corporation of Rehabilitative Enterprise (Score), the business sector has been slow in coming forward to help rehabilitate drug addicts. Yesterday, Score made another appeal for help in the setting up of seven workshops371 words
-
Article165 1978-05-20 12 THE Inland Revenue Department in its efforts to expand its taxpayer base, is believed to be looking to as yet untaxed car-owners including taxi-owners as a likely new revenue source. It is understood that in recent weeks questionaires have been sent to carowners who are165 words
-
Article145 1978-05-20 12 AP AN ATTEMPT officially to open the controverlal Narita international airport near Tokyo today will not be disrupted this time by radicals, the chief of riot police stationed at the alrDort said yesterday. The opening of the US$ one billion (552.37 billion) airport, constructed In 1971, hasAP - 145 words
-
Article104 1978-05-20 12 SAUDI ARABIA may appoint the Singapore Institute of Standards and Industrial Research (Sisir) as its standards agent for goods entering the country from Singapore. Dr. Khaled Al-Khalaf. director-general of the Saudi Arabian Standards Organisation (SASO), disclosed this during his tour of the institute yesterday. "I hope104 words
-
Article, Illustration1103 1978-05-20 12 GOH ENG KEE - By GOH ENG KEE in London THE BRITISH Broadcasting Corporation's documentary on "Singapore One Man's Dream" shown in London on Tuesday night might be seen as a fairly serious effort on the part of Its editorial team to present an objective1,103 words
-
Article577 1978-05-20 12 JAPAN will pledge another tariff cut in an effort to end the Tokyo Round of multinational negotiations for freer global trade, official sources in Tokyo said yesterday. Official sources in Tokyo said yesterday the move is expected to bring the size of reductions to the levels577 words
-
Article769 1978-05-20 12 LONDON. Frl. Prices closed lower In light but persistent selling after further consideration of yesterday's British money supply figures and today's retail prices Index, dealers said. Qovernment stocks showed falls ranging to one point In longs, while shorts fell around V* point. Several leading equities recorded double figure769 words
-
Article293 1978-05-20 12 Reuter JAPAN'S economy is on course for achieving the government's 7 per cent real gross national product growth target for fiscal 1978 which began last month. The director-general of the Economic Planning Agency Mr. KUchl Mlyaaawa said, however, attainment of the goal will not fullyReuter - 293 words
-
350 1978-05-20 12 SINGAPORE tamed In a sterling economic performance last year, the US Department of Commerce This came a boat despite the frequently expressed worries of Singapore's leaders about potential problems facing the country. Real income rose nearly 8 per cent. Inflation was moderate, unemployment fell,350 words
-
341 1978-05-20 12 RUBBER producing countries have formally proposed a 400,000 tonne International natural rubber buffer stock linked to the planned Unctad common fund for commodity price stabilisation. Malaysian officials said a draft international natural rubber agreement drawn up in April by the seven member Association341 words
-
Article261 1978-05-20 12 Reuter A US House Banking Subcommittee gave the latest In a series of approvals to a bill authorising a US contribution of up to 5,000 long tons of tin to the International tin buffer stock. The vote by the panel's Economic Stabilisation Sub-committee was 13-1.Reuter - 261 words
-
Page 12 Advertisements
-
Advertisement458 1978-05-20 12 3 months with Linguaphone and you'll be speaking fluent Mandarin w j Unguaphone's proven by 4,000,000 successes in 36 languages More than 4,000,000 people from al walks of life around the world have successfully acquired another language through Linguaphone. Proof enough that you can just as easily master Mandarin as458 words
-