The Business Times, 24 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 24, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Lee-Suharto talks
      61 1 AFP. JAKARTA, Tues. Prime Minister Lee Kuan Yew and President Suharto are scheduled to meet Informally in mid-June to discuss bilateral, regional and international Issues, Indonesia's ambassador to Singapore, Her Tasnlng, said today. The ambassador, who Is now In Jakarta for consultations, said the meeting would be held
      AFP.  -  61 words
    • Article
      Lock icon Galbraith's answer
      100 1 UPI. GENEVA, Tues. Economist John Kenneth Galbralth said today that Income restraint for all classes would be the best way to fight both inflation and unemployment In the West. The International Labour Organisation asked Mr. Galbralth what he would do about the 15 to 16 million unemployed people
      UPI.  -  100 words
    • Article
      Leave to appeal
      59 1 MALAYAN Plant (Pte) Ltd. of Singapore, now under a winding-up order of the High Court, was granted leave yesterday to appeal to the Judicial Committee of the Privy Council. The company, owing Moscow N&rodny Bank $8,092,088 plus Interest, was ordered to be wound up for insolvency by
      59 words
    • Article
      Lock icon Oil tank fire
      68 1 UPI. KUWAIT, Tues. A fire has destroyed three oil storage tanks and pipelines near Kuwait City but caused no casualties, a spokesman for the Kuwaiti Oil Company said today. The fire, at A 1 Manaqlsh, north of Kuwait City, started last night but was brought under control
      UPI.  -  68 words
    • Article
      Lock icon Indonesianise or else
      56 1 AFP. JAKARTA, Tues. The Indonesian branch of Helnekens Bier, based in the Netherlands, has agreed to "Indonesianise" its top management under the pressure of its 1,200 workers threatening to strike, it was reported here today. The management of Heineken's Indonesian company agreed to the workers' demands after
      AFP.  -  56 words
    • Article
      Lock icon Rubber briefing
      64 1 AFP KUALA LUMPUR, Tues. Thirty-five representatives of the Malaysian Rubber Research and Development Board technical advisory services began a 20-day briefing here today to update their knowledge on the whole spectrum of the rubber Industry in Malaysia. A MRRDB spokesman said that a major topic of this morning's
      AFP  -  64 words
    • Article
      Lock icon Gold bids
      64 1 UPI WASHINGTON, Tues. European banks bid about US$lBO (SS4I4) an ounce today for US gold as the United States conducted the first auction of gold stockpiles In three years to prop up the dollar abroad. Final results of the first auction since June 1975 will not be known
      UPI  -  64 words
    • Article
      Lock icon Dow Jones
      62 1 UPI NEW YORK, Tues. Stocks headed lower early today amid investor concern over Inflation, higher Interest rates and the Increased prospects of New York City going bankrupt. Trading was active. The Dow Jones industrial average was off 4.76 points to 850.66 arqund 11 a.m. Of the 1,609 Issues
      UPI  -  62 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      132 1 Rises Most active Sel Properties 2U0 +30 Haw Par 263,000 Berjtyi Ktwtt 191 11 Tronoh Mine* 620 +10 UMW 260,000 Sungei Besi 585 +10 PahaacCoaa 199,000 Fa her Merlin 139,000 Matsushita 360 10 Sel Coconuts 255 10 Allied Choc 152 +9 Total Turnover: 5.56 m Alcorn 205
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    • Article, Illustration
      In Kuala Lumpur
      156 1 Rises Most active A Choc 1.59 Rahman Hy 4 .30 Sel Prop 2.05 Tronoh 8.35 S Trading 7.10 MAA 1.80 BRaya 2.15 Rlvervlew 1.77 Mtam 2.60 Foils +.17 .16 .13 .10 .10 .09 .08 .07 .07 B. Raya 489,000 UMW' 410.000 F. Merlin 375,000 Pahang Cons 330.000
      156 words
  • Article
    Accounting ads find local favour
    698 1  -  ALL EYES ON OVERSEAS TREND By SOH TIANG KENG CURRENT developments In the UK, US and Australia may influence Singapore accountants to sweep aside their self-imposed ban on advertising their services. In the US, the Institute of Certffled Accountants has lifted its half-century ban on
    698 words
  • Article
    Lock icon If trade ties are renewed
    291 1 AFP, UPI THE chairman of the Association of Indonesian Importers (Ginsi) Mr Zahri Achmad, said only two state trading companies should be allowed to conduct direct trade between Indonesia and China, should the Jakarta government decide to allow the resumption of trade ties. Mr Achmad
    AFP,; UPI  -  291 words
  • Article
    Shippers must play their cards right
    594 1  -  By TERESA LIM GOVERNMENT and shippers of the Asia-Pacific region, in the past few years, have known only frustration in their endeavour to obtain fair terms of carriage from liner conferences. "It has always been the conviction of the United Nations Economic and Social
    594 words
  • Article
    Lock icon Malaysia confident of hefty surplus
    193 1 Reuter MALAYSIA will continue to enjoy a strong balance of payments position this year as at end-1977 when the surplus stood at Mil.2 billion. Encik Abdul Aziz Taha, deputy governor of Bank Negara, the Malaysian central bank, told a press conference In Frankfurt to mark
    Reuter  -  193 words
  • Article
    UK JOBLESS RATE AT YEAR LOW
    90 1 UNEMPLOYMENT in Britain fell by almost 65,000 this month and is now at its lowest point for a year. The Department of Employment said the number of Jobless dropped by 64,948 to 1.38 million 5.8 per cent of the working population. It was the
    90 words
  • Article
    Malaysia Rice moves to acquire Perumahan Berjaya
    316 1  -  By JOHN LIM MALAYSIA Rice Industries Berhad (MRI) yesterday announced that a proposal to acquire the entire issued capital of Perumahan Berjaya Sdn Berhad (PB) hat been approved in principle by the Foreign Investment Committee. This announcement followed a request by directors of
    316 words
  • Article
    Dip in rent helps keep expats' CoL down
    541 1  -  By RONNIE LIM THE OVERALL cost of living of expatriates in Singapore increased only marginally over the past three years. This Is due to a drop in housing rentals. Preliminary calculations for an expatriate price Index (EPI), compiled by the Singapore International
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
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      29 words
    • Advertisement
      Page 1 Advertisements Column 2
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      43 words
    • Advertisement
      Page 1 Advertisements Column 3
      85 1 ONE-STOP finance with Hong Leong TIN industry reels under new tlTf) OUR ranking in the shipbuilding league NEW Anro service CONSUMER reawakening in Sri I<anha 6 FOREIGN stay on TOMORROW'S chief sidelines in HK 12 CROSBWORDB 2, MEMOPAD 2, AIRCRAFT SCHEDULE 5, TV A RADIO BRISTOW 7, STRAWS IN THE
      85 words
    • Advertisement
      Page 1 Advertisements Column 4
      263 1 H LANIER COURIER the perfect secretary... 5" high 2Va M wide 10 oz. wt. works 24 hours day and never grumbles Soto Agent; DON fW. TW*****8/53T163 The Lexikon 90 combines the advantages of the golf ball and the ordinary typewriter. Lexikon 90 offers you the best of the golfball and
      263 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      308 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 24: Life Insurance agency mngt, Mandarin, SITC-Llfe Ins. Assn. May 25-26: Critical Path Analysis Project Mngt, Hilton, Price Waterhouse May 29-31: Modern Techniques Strategies for Mngt.
      308 words
    • Article
      Malaysian team in Germany meets with good response
      240 2 THE MALAYSIAN investment mission to West Germany started off on Monday in Frankfurt with over 100 German industrialists attending its seminar. A total of 31 companies, most of them with Interests in the rubber and timber Industries, will meet the mission for
      240 words
    • Article
      Lock icon Peking's steel contract
      77 2 Reuter JAPAN'S Nippon Steel Corporation signed a contract In Peking yesterday to help build a big Iron and steel plant In suburban Shanghai, the corporation said. It calls for the building of a plant with two blast furnaces, each with an annual crude steel production capacity of
      Reuter  -  77 words
    • Article, Illustration
      Heavier taxes hasten ruin of tin industry
      665 2 THE MALAYSIAN tin Industry has once more spoken bitterly of the government's taxes on tin saying that the tendency to impose additional taxes or Increase existing ones In times of "high" metal prices can only lead to the ultimate ruin of the mining
      665 words
    • Article
      Exporters spell out rubber proposals
      394 2 THE NATURAL rubber exporting countries, in their draft for an international agreement, have proposed a host of other supporting measures in addition to a buffer stock and supply rationalisation as the main instrument of price stabilisation. The draft, which was presented last week to officials
      394 words
    • Article
      Lock icon URANIUM SUPPLY WON'T RUN OUT
      626 2 Reuter. AFP. ON A worldwide basis, there Is little likelihood that uranium supplies will run out In the foreseeable future provided exploration is not inhibited. Duncan Derry, a partner in Toronto- geological consultant, Derry, Michener and Booth, who was addressing a seminar on Australia's energy
      Reuter.; AFP.  -  626 words
    • Article
      FILIPINO NEWSMEN INVITED BYSTPB
      117 2 THE Singapore Tourist Promotion Board (STPB) has Invited seven Filipino journalists to Singapore from June 6 to 10. This will be the first group of Asean Journalists to visit Singapore as part of the madia education programme jointly organised by STPB and Singapore Airlines (SIA). The
      117 words
    • Article
      Trade show in HK
      43 2 AUSTRALIA yesterday launched an Industrial trade display in Hongkong the biggest that the country has put on In the colony in recent years. Australian Trade Commissioner Stan Malllphant said the four-day exhibition concentrates on medium to heavy machinery. Reuter.
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    • Article
      Silver or gold World Cup medal for you?
      145 2 A NEW Singapore company, International Collections, will start marketing gold and silver World Cup medals and coins this week. The company is a subsidiary of International Coins Limited of Hongkong, the largest coin importer in the colony, which In turn holds the
      145 words
    • Article
      Lock icon Re-insurance firm move
      52 2 Reuter KOREA Re-insurance Co will upgrade Its representative office in Singapore to a branch office from July 1, a South Korean Finance Ministry spokesman said. He said It would be the first Korean branch overseas to specialise In re-insu-rance and its operations would mainly involve the Asean
      Reuter  -  52 words
    • Article, Illustration
      Lock icon Japanese can hope to fish in NZ zone
      144 2 UPI. JAPANESE fishing boats now excluded from New Zealand's 370-km economic zone probably will be readmitted following what Prime Minister Robert Muldoon called a "malor breakthrough" In talks with Tokyo. The Wellington morning newspaper, The Dominion, said the exclusion order was certain
      UPI.  -  144 words
    • Article
      Lock icon RICE DEALERS ASSURED
      97 2 Reuter. THE Philippine government, which this year became a rice exporter, assured private rice dealers that It had no intention of taking over the country's rice business. Mr. Jesus Tanchanco, administrator of the National Grains Authority (NGA) said the private sector would share the gains from the
      Reuter.  -  97 words
    • Article, Illustration
      One-stop finance with Hong Leong
      276 2 HONG LEONO Finance will have a fully on-line realtime computerised network In two years. The Investment,the first to be made by a local finance company, will cost over $1 million. The computer, PDP 1134A from Digital Electronic Corporation of the US, will arrive In September.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      120 2 rTTTTTI THE NATIONAL REGISTER OF INDUSTRY COMMERCE. sth edition on sale, price S$ 80/ Komposs International Trade Directory KOMPASS; Your indispensible comprehensive trade directory, published in five languages. The most detailed guide to Importers and Exporters of various fields. You can also obtain our foreign directories of the following: Australian
      120 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      646 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Mark two point* for the officer In front (5) 8 Little room for a boy (5) 10 Almost an Australian town in France? (5) 11 Turned-on talk? (3) 12 Be original (5) 13 Show a side-light? (7) IS She has a heavenly figure (5)
      646 words
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  • OVERSEAS
    • Article
      Lock icon W. German real growth may top 3pc forecast
      853 3 Reuter, AP DRESDNER Bank executive board member Wolf--Bang Roeller said the ferman economy could show real growth of more than 3 per cent this year after 2.4 per cent last year. He said expansion should quicken In the second half of the
      Reuter,; AP  -  853 words
    • Article
      Lock icon Salutary changes to Paris Comex rules
      454 3 Reuter. A RECENT change in the rules of the Paris commodity exchange should boost the volume of futures trading by allowing banks to participate more directly in the market. French and foreign banks may now become associate members of the exchange and can buy
      Reuter.  -  454 words
    • WORLD IN BRIEF
      • Article
        Lock icon OIL IN THE WILDERNESS
        667 3 Agencies. THE PART of North-east Alaska projected to become a wildlife refuge and wilderness area could contain medium to large oil and natural gas reserves. But Interior Secretary Cecil Andrus said it is unlikely that the area would contain amounts of oil and gas such as
        Agencies.  -  667 words
    • Article
      Supreme Court to review monetary secrecy case
      309 3 THE US Supreme Court agreed on Monday to decide whether the Federal Reserve system can continue to keep secret for a month decisions on monetary policy that influence both interest rates and the amount of money available for borrowing. Two lower courts have
      309 words
    • Article
      CALL FOR COHERENT CREDIT POLICY
      141 3 FORMER US Secretary of State Henry Kissinger said the Western industrialised nations should adopt a coherent credit and trade policy towards the Eastern Bloc countries. Speaking in Mexico City on Monday, Dr. Kissinger denied reports that he had advocated credit restraint by Western banks towards
      141 words
    • Article
      Lock icon Hint of AT and T anti-inflation stand
      1177 3 NYT, Reuter. I PRESIDENT Carter's special inflation counsellor, Robert Strauss, has hinted that the American Telephone and Telegraph Co. (ATT) will announce it is adopting voluntary restraints on price and pay increases. The company said It would make an announcement soon. Such a
      NYT,; Reuter.  -  1,177 words
    • Article
      Lock icon LOAN DEMAND WEAK
      679 3 Reuter. DEMAND for clearing bank loans by British industry has failed to increase as expected and shows little sign of a significant upturn in the near future. Bankers and economists believe that although the clearing banks' experience may understate the overall picture of growth in UK lending,
      Reuter.  -  679 words
    • Article
      Lock icon Increase money supply, Fed urged
      130 3 Reuter THE Federal Reserve Board should loosen its targets for the US money supply, House Banking Committee chairman Henry Reuss said in a letter to Fed chairman William Miller. Mr Reuss, who called the Fed goals unrealistic, said the current 6.5 per cent celling in
      Reuter  -  130 words
    • Article
      Move to keep out copper imports
      590 3 A bi-partisan group of 13 US Senators and 14 Representatives from eight states urged the International Trade Commission to recommend temporary limitations on imports of refined copper to the US. But the Justice Departments' anti-trust division is contending that imports are not a substantial
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    • Article
      Lock icon Progress in Law of the Sea talks
      224 3 AP THE chief US delegate to the Law of the Sea Conference, Ambassador Elliot Richardson, said on Monday that the latest round of talks achieved significant progress on most of the remaining hard-core issues. Mr. Richardson said the latest negotiations, which ended last
      AP  -  224 words
    • Article
      Lock icon Second VW plant in US?
      278 3 AP WEST GERMAN carmaker, Volkswagen, Is so pleased with Its assembly plant In Pennsylvania that It is thinking about opening a second plant in the United States. Industry sources say the idea of a second American plant is still In the planning stage and a
      AP  -  278 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      115 3 0 0 \o I I t «^k dk s» i rr •i»:.ii:fjj :ci:.« t JI im HOCK JSWEE HILL 11. .X Located in quiet country, with big built-up area (over 2,000 sq ft i.e. 185.8 m 2) and garden (over 4,000 sq ft i.e. 371.6 m 2), these split-level semi-detached
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      501 4 OPENING quotations were marked up marginally In the Singapore rubber market yesterday following higher London advices and thereafter, rose gradually on speculative, trade and forward demand. Some proflttaklng appeared at the high, but prices advanced again later to close at the session's highs. Volume was moderate.
      501 words
    • Article
      RAS PRICES
      297 4 HAS prices in cents per kilo yesterday: Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. June Int I R.S.S. July Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Noon (per kilo) Buyers Sellers 214.50 215.50N 215.50 216.00 216.25 216.50 208.50
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    • Article
      SSR AND SMR
      105 4 NOON SSR and SMR prices yesterday: Ju DC July HAS (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* (cent* per k«) (cent* per kf) SSR 20 (1-ton Pallet) 203 00 205.00N 204 00 208 00N SSR SO (1-ton Pallet) 201.00 203 00N 202.00 204 .OON M.R.E.L.B. SMR5CV
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    • Article
      Closing prices
      31 4 Rubber: May 23 Singapore: June 217.00 centa (up 3.75 centa) Malaysia: June 222.75 centa (up four centa) Tin: M 51.651 (up S5) Official offering: 285 tonnes (up 83 tornes)
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    • Article
      Produce exchange
      353 4 THE SINGAPORE produce market was quiet yesterday. Prices held steady to firm but very little business was transacted. Although prices quoted by the Singapore Chinese Produce Exchange showed no change from last week's closing levels, some copra dealers reported that their own quotes have firmed in the face
      353 words
    • Article
      Coffee
      261 4 ROBUSTA futures in London yesterday morning opened 130 to C 7 per tonne lower than Monday in deferred months while near months were mostly £18 to 122 lower. 388 lots were' traded with the tone "about steady." Dealers said commission house selling and dealer liquidation initially took prices lower.
      261 words
    • Article
      Palm oil
      82 4 C.I.F. North European ports. In US dollar per ton unless otherwise stated LONDON: Malaysia 5% ffa bulk per tonne Monday Previous July 608qtd 610 sir Sumatra 5% ffa bulk May 870 sir 650 sir June 645 sir 655 sir July 617-50 sir 595 sir August 592.50 sir 59S.slr
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    • Article
      Hongkong comex
      199 4 THE SUGAR futures market closed little changed yesterday from the previous close In continued dull trading, with turnover steady at four lots. Trading was restricted to October delivery, rising 0.06 US cents. The Hongkong daily spot sugar price rose 0.05 to 7.25 cents, while net open positions totalled
      199 words
    • Article
      SPOT PRICES
      202 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cot ion Yarn: China Blue Phoenix 20s 1.765", 32s 2 180 4052.290. (per bale of 400 lbs). Piece Goads: China Butterfly and Olofce Brand unq. Dragon Head unq. rive Lambs unq. Flower Butterfly unq. Flying Oeese unq. (per piece 36
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    • Article
      Straits tin
      228 4 THE STRAITS tin price In Penang yesterday rose MSS to $1,651 per plcul on an official offering up 83 tonnes to 285 tonnes. The price firmed on London's steadier market on Monday and some active US and local buying. In LONDON yesterday, tin finished the ring £5 higher
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    • Article
      Cocoa
      190 4 TERMINAL cocoa opened t2 higher to £4 lower In a turnover of 62 lots In London. Dealers said the market was quiet on lack of fresh news. Activity mainly involved light local speculative operations following Monday night's quiet New York market. On Monday afternoon, terminal cocoa eased against steadier
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    • Article
      Sugar
      163 4 SUGAR futures yesterday opened 10.65 to £0.20 per tonne higher on Monday afternoon's closing levels. Turnover totalled 422 lots. The London daily raws and whites prices were both CI higher at €101 and £107 per tonne respectively. On Monday afternoon, futures closed CI.IO to £0.70 per tonne higher and
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    • Article
      Rice
      202 4 BANGKOK rice prices quoted as follows yesterday: (US dollars per tonne FOB basts Bangkok): White Ric*: 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 pet unq. Broken:
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    • Article
      Soybean
      121 4 SOYBEAN futures in Chicago posted losses of US 3-1/2 cents to one cent a bushel at the close on Monday after trading in a narrow range below the previous close. Local and professional selling sent prices downward in early dealings and the market quickly reached the extent of its
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    • Article
      Wheat
      93 4 WHEAT futures on Monday closed US 1-1/4 to 2-1/4 cents a bushel higher and at the days best price levels in Chicago. Trading was light through the session as prices ranged to either side of the previous close. After losing about three cents, prices firmed on commercial buying and
      93 words
    • Article
      Gold
      453 4 THE kllobar in Singapore yesterday opened at 5513,636, against Saturday's close of 113,583. The market hovered around this level and closed slightly higher at $13,669. In the loco London market, the metal opened at US$l7O.BO/180.10 and closed 50 cents higher at $180.30/60. The London morning fix was U*****.25, up
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        493 4 THE FOREIGN exchange market was generally quiet yesterday morning. Activity Increased when London opened, with the US dollar losing ground against major currencies. Opening at 228.95/ 05 against the yen, the US dollar remained at that level in the morning. With the opening of London, the dollar lost
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      • Article
        Asian $ and CD rates
        219 4 Asian and CD rates ASIAN currency deposit interbank rate* as at close on May 23 US Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 8 mths 12 mths .7 5/8 .7 3/4 .7 7/8 8 3/16 8 3/16 .8 1/2 .8 0/16 7 1/2
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      • Article
        Discount
        7 4 ■Jrv^TVJTjjt* Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        Euro $ rates
        121 4 Euro rates EURODOLLAR deposit rates yesterday were mostly unchanged from Monday's closing in light opening trading. Among periods, a Friday end pushed three months 1/8 higher to 8-3/16 8-1/16 per cent while six months softened 1/16 to 8-3/8 8-1/4 per cent on the loss of a Friday end. Routine Far
        121 words
      • Article
        London
        240 4 THE US dollar lost ground against leading currencies in opening trading yesterday, influenced by selling from continental European markets, although dealers were .unaware of any fresh news depressing the unit. It moved lower to 2.1230/45 marks from an early indication of 2.1240/50 and 2.1265/80 overnight here and weakened progressively
        240 words
      • Article
        New York
        180 4 THE US dollar weakened steadily on Monday to close Just off its lowest levels of the day in generally quiet trading. Dealers said the dollar opened stronger in a continuing reaction to Friday's news of a compromise on the natural gas bill, as well as Indications of higher
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      • Article
        Tokyo
        159 4 THE US dollar for overnight delivery closed at 229.15 yen yesterday, down from a 229.40 opening but iip from 228.95 at Monday's close. Trading was active with volume US$42O million. The dollar edged higher in active late trading on buying bf Japanese banks to cover import settlement needs and
        159 words
      • Article
        Hongkong
        128 4 THE US dollar closed steady in active trading yesterday with much European interest In the market. It was quoted at 2.1245/55 marks compared with its New York close of about 2.1235 and at 228.85/ 95 yen against Its close of around 229.05 In New York. Sterling fell marginally to
        128 words
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        Zurich
        50 4 ZURICH exchanges closing quotes on May 22. U8 1.0778-9788 Stg 3 5818-5846 Can 1 7788-7803 Dmk 92 9723-93.0543 Dfl 86 7*37-8847 Ffr 42 2517-2956 Btr 5 9519-9564 Dkr 34 4955-5250 Nkr 36.0715-1029 Skr 42 2923-3227 Lit 0.2265-2267 Aus sch 12.0331-0430 Port 4.3042-3206 Spain 2.4267-4205 Art 0.26-36 Yen 0 0642-0652
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      • Article
        Australia/NZ
        55 4 AUSTRALIA/NZ exchanges quoted on May 23. AUSTRALIA: US dollar 1 1271/1.1223 Sterling 0 6237/0.6105 Ninety-day air mail buytng rate* Sterling 0 6431 US dollars 1 1582 Ninety-day forward buytng rate* Sterling 0 6282 US dollars 1.1227 NEW ZEALAND Sterling 0 5506/0.5535 U8 dollar 1.0115/1.0015 Ninety-day airmail buying rates: Sterling
        55 words
    • Article
      Copper
      329 4 COPPER wire bars yesterday finished the morning with alt round gains of per tonne in London. News of the disruption to copper production in the Kofwezl mining area In Zaire resulting from flooding, transport and staffing problems prompted further protective short-covering and speculative Interest on the LME In the
      329 words
    • Article
      Silver
      141 4 SILVER on the LME rose by 0.2 pence all round on Monday afternoon. The afternoon market was relatively steady although prices were shaded following a turnround In US futures. Three months traded down to 293.4 pence. Values on the morning pre-market were marked up initially reflecting the trend in
      141 words
    • Article
      Lead
      87 4 LEAD rose £5 for cash and £4.75 for three months In London yesterday morning. Early short-covering, stoploss and some chart buying lifted the premarket to £317 per tonne for three months. Subsequent profit-taking pared gains and by the end of the kerb, three months was changing hands at £314.
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    • Article
      Zinc
      93 4 ZINC on the morning gained mostly £5.5 per tonne in London yesterday. The continued strength in copper was the main supporting influence with general short-covertng taking three months up to an 11-month high of £335 per tonne during pre-market dealings. Values were well maintained in the ring in modest
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      204 4 Mathematics and Statistics 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 statistics in more
      204 words
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  • TRANSPORT
    • Article
      Singapore is 24th in ship building league
      712 5  -  By TERESA LIM LOCAL shipyards built and completed a total of 47 merchant ships last year. This represents only 0.36 per cent of the world tonnage, and places Singapore 24th among the world's shipbuilding countries. Lloyd's Register of Shipping has a list of
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    • Article
      FAR EAST FREIGHTS
      824 5 FIXTURES are Increasing but not dramatically. Rates for freight and time charter have increased slightly especially in Pacific and Atlantic trades. Scrap prices in Far East have increased but due to the monsoon, Karachi prices have fallen. Recently a vessel loaded 10,500 tonnes sugar at Bangkok for
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    • Article, Illustration
      SHIPS IN PORT
      314 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alexandr Seraflmovltch (0600 after Nikolay Nekrasov) 1/2 Centau (0830 45 Golden Season (0800 44 Ocean Supply (B. Barge) (after Cherry Vllja) 48 Pluma Rico (0830 45 Prlmera Peak (after Charlotte Maersk) 6/7 PASIR PANJANG WHARVES Kota Slnga (0700 after May Breeze) Gdns.
      314 words
    • Article, Illustration
      New Anro service should lighten load
      329 5 SEAFREIGHT services between Australia and South-east Asia have been heavily criticised In the past for inefficiency but the inauguration of the new Anro Service should change this, said Peter Home, the Australian Senior Trade Commissioner in Singapore. He was speaking during the briefing of
      329 words
    • Article
      Lock icon Proposed hike in safety penalties
      600 5 FT. PENALTIES for breaches of maritime safety laws by British ships would be Increased to a maximum of £1,000 (554.200) from £100 at present under proposals contained In a White Paper and draft Bill published recently. It is clear there will not be parliamentary time
      FT.  -  600 words
    • Article
      Lock icon Imco examines the wrecking of Amoco Cadiz
      199 5 AFP THE wrecking of the Liberlan supertanker Amoco Cadiz off the coast of Brittany In March will be scrutinised by the full council of the Inter-govern-mental Maritime Consuitatlve Organisation (Imco) at a week-long meeting which started In London on Monday. Imco's various safety
      AFP  -  199 words
    • Article
      Lock icon LONDON FREIGHT
      161 5 UPI. ACTIVE time charter business offset rather quiet single voyage fixing to maintain the optimistic tone currently pervading the freight markets. Soviet grain Imports generated some employment as Sovfracht booked a 43,000 tonner at U555,650 Kr day plus $150,000 ballast nus for first-half June trip from Brazil via
      UPI.  -  161 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      752 5 ARRIVALS Service Local Operator Number Time From TMA TL374 0530 TPE MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0615 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK
      752 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      238 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Call us for your local or onward reservations --17 t yj M t $105/-POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. In the kingdom erf flowers, orchids are the undisputed glamour
      238 words
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  • Article
    Shipping knowledge means power
    471 6 SHIPPERS, trade department executives and ESCAP officials all seemed agreed at yesterday's country-level workshop that knowledge Is an Important thing. Knowledge, that Is, centred on maritime procedure and activities. This Is absolutely correct. On a very basic level, knowledge of fundamental procedures will erase some of
    471 words
  • Article
    Manila export plan worth watching
    230 6 ACHIEVEMENT is always more pleasing and effective than mere planning. Nevertheless all South-east Asian countries should keep a close eye on Philippine export promotion over the next few years. The master plan for exports compiled by the country's Export Council alms at doubling exports within
    230 words
  • Article, Illustration
    Lock icon New brand of socialism in Sri Lanka
    1313 6 When Junius Richard Jayewardene, as leader of the Opposition United < National Party in Sri Lanka, made his pledges on the eve of elections in July last year, one of the promises he made was that he would plant "a little Singapore" in
    FT  -  1,313 words
  • Article, Illustration
    Lock icon Have trousers will wed
    695 6 FT MARRIAGEABLE females in Sri Lanka, of whom there are over two million between the ages 15 and 35 years, have a big yen for trouser-clad men. Ninety per cent of the women prefer men in trousers, whatever their job status, and spurn men in national
    FT  -  695 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      388 6 w sinoapura FORUM HOTEL iOhWwdMrCMtaMIHMk SH Orchard Bmd, B'por» t. Tal: *****2 Si r 405/407 Havelock Road, S'pore 3. Tel: *****1 Experience the unique expression of T&nla Great Sound Big Show You'll love the dynamic and versatile Tama For memorable yester hits and today s favourites. Only happens at the
      388 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      58 6 OUTLOOK for Singapore from 6a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 p.m. on May 23 at the airport. Maximum Temperature 3i.l°C Associated Humidity J3 Minimum Temperature 23.7 t Associated Humidity 98 Hours of Sunshine 2.80 Rainfall in Millimetres 17.9 Total Rainfall for the Month
      58 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      257 6 SINGAPORE 5 3.00 PM Opening announcements followed by Look Again At Gulls 0 3.30 Diary Of Events (Malay) 0 3.35 Bonanza Winter Kill 0 4.25 Intermission 6.00 Opening announcements followed by December Bride Study Group 6.30 News in Brief 0 6.35 Wild, Wild World Of Animals Owls 0 7.00 Rampaian
      257 words
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  • Article, Illustration
    Lock icon Island of Shikoku realises an old dream
    808 7  -  By MARIE FRANCE ROUZE AFP PUBLIC works projects undertaken by the Japanese government to relaunch the domestic economy will include one of the the most ambitious schemes ever attempted. Prime Minister Takeo Fukuda's government recently decided to back the construction of a series
    AFP  -  808 words
  • Article, Illustration
    Lock icon The oh-so-familiar commercial women
    890 7  -  By ANNA QUINDLEN NYT EVERYONE knows her. Her clothes are clean, her shoes sensible, her floors shiny, her formica spotless. She ,-&as two children, one help-->ul friend, one nosy Neighbour and a dog who occasionally tracks dirt into her kitchen. Unfortunately, her husband's shirts are not
    NYT  -  890 words
  • Article
    STRAWS IN THE WIND
    495 7 COULD the infamous "Golden Triangle" become the "Triangle of Purity?" It could become a garden of unsullied white lilies If New Zealand Prime Minister Robert Muldoon has his way, It seems. Mr. Muldoon said this week the lilies could be a good alternative cash crop to
    495 words
  • Article
    Lock icon Predicting tomorrow's chief executives
    632 7  -  FORUMS r i ...on management k d ■y ELIZABETH FOWLER Elizabeth Fowler is a financial writer for the New York Times NYT HOW WILL the chief executive officer of the 1980s differ from today's corporate chief? It is a question that tantalises most management recruiters. Just
    NYT  -  632 words
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      Page 7 Advertisements Column 1
      327 7 Lunch TODAY -OKOH 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel: *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel: *****2 What if it about the Imperial Bar that brings them in night after night? The entertaining live
      327 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      29 7 BnStoW: Flank Di ckenS moRN»NG SFNRGC. -HCXJ'S Kfe£jPi»lGSOU Busy piflc. Tnev/P musTwt ORomBoL SiR TvAP*N<S "TO PoSTwSC &o«mg up mcce fvjd PXJBe or Tne STpvFf TD ee-T (feesoNPkt CP*RDS
      29 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Market improves
      562 8 TOKYO Source: DBS-Daiwa PRICES went up slightly yesterday, psychologically favoured by the advance on Wall Street. Erratic movement continued among speculative Issues, whereas some hlgh-prlced electrical/electronic issues were bought due to a report of an expected Increase in demand for FM Multiplex Broadcasting. The market opened firm. Cyclical
      Source: DBS-Daiwa  -  562 words
    • Article
      Lock icon Hongkong
      369 8 Source: Sun Hung Kai AFTER some early gains yesterday. when speculative buying saw the market up nearly 3 points in the first hour, profittakers entered the market and in reasonably active turnover, prices came back to Just above 'the previous night's levels. The recent star performer HK Wharf remained
      Source: Sun Hung Kai  -  369 words
    • Article
      Sydney
      307 8 THE market yesterday closed off the top with the leading industrial and mining stocks attracting profit-takers and only a handful of stocks continuing to find support. BHP dropped 12 cents to $6.64 while the Bank of New South Wales firmed six cents to $5.86 and other bank counters tended
      307 words
    • Article
      Manila
      85 8 MAY 23 Pesos Acoje Mining .011 unch Atlas Con A Atlas Con. B 15 80 0 6 Bagnio Gold 0082 +0.0002 BenguetCon B BF Goodrich CDCP 17 80 -01 IncoB Lepanto B .1575 +0 0025 Marlnduque B 3.78 -0.04 Meralco 13 50 1.1 Oriental A Oriental B 039 +0.003
      85 words
    • Article
      Bangkok
      140 8 MAY 23 Bahts 47Asia Fibre 250 -2 Bangkok Bank 375 -2 Bangkok Invest. 368 >2 Bangkok-Metro-politan Bank Bata BerllJucker Carpet Intnl 344 ♦2 Charoong Thai Wire 293 -1 Dumex DusltThanl 320 -24 Faber Merlin First Trust 435 -4 Genera Finance Indo-Thal Industrial Finance Corp 2485 -10 J And J
      140 words
    • Article
      Amsterdam firmer
      503 8 EUROPEAN MA RKETS ImmJ SHARE prices closed firmer on the Frankfurt, Amsterdam and Milan bourses on Monday. In AMSTERDAM, prices closed generally firmer in line with the stronger dollar, though trading was quiet In most stocks, except for KLM, which closed 4.50 guilders higher at 177.00. Dealers said
      503 words
    • Article
      Amsterdam
      233 8 MAY Fl» ABN 353 00 1.5 Ahold 106 00 -0 5 Akzo 28 60 1 AMEV 85 80 +0 8 Amfas 112.50B I Amrot Bank 76 00 -0 1 Bergoss 52 00 unch Berk 98 50 19 Bols 70.70 2 5 BorsumlJ 156 50xd-6 5 Burhmann 70 00 -0.5
      233 words
    • Article
      Frankfurt
      233 8 MAY a Dm Aef-Telefunken 81 20 -0.3 Akzo 28 80 ♦0.4 Allz Leben 801 AllzVers 488 ♦4 BASF 138 80 ♦0 1 Bay H T Wbank 279 ♦2 Bay Vbank 289 -0.5 Bayer 139 20 ♦0 2 BBC 283 50 1 BMW 227 ♦0.5 Cassella 344 -1 Chem Verw
      233 words
    • Article
      Milan
      99 8 MAY 22 Lire Anlc 109 75 ♦4.75 Assoc On ***** *490 Bastogl 498 ♦37 Centrale 3980 40 Flat 1890 15 Finslder 100 13.7' On Immob 75 1.75 IFI Prl 2259 ♦21 Italcementl ***** 950 I taigas 715 37 Italslder 175 25 ♦0.5 Magnetl M Pf 458 ♦3.5 Marelll Ere
      99 words
    • Article
      Zurich
      181 8 MAY S Francs Actions Sulsses 299 unch Alusulsse Br 1280 ♦20 Alusulsse Reg 520 5 Brown Boverl Br 1690 -10 ClbaGelgyBr 1170 -10 ClbaGelgy PC 910 10 Clba Gelgy Reg 631 +6 Credit Suisse Br 2175 ♦5 Credit Suisse Reg 410 -1 ElektrowattBr 1680 ♦5 George Fischer Br 650xd
      181 words
    • Article
      Paris
      287 8 MAY a Frs CORBEILLE Alr-Llquide 292 -2 B S N Oerv ais Danone 496 ♦6 C S F (ThomsonC»f) 238 SO ♦0.5 C»e Franchise des Petroles 124.40 -0.3 Compagnle Flnanclere Compagnle Oenerale 346 -1 Credit Fonder De France 330 50 ♦2.5 Hachette (Llbralrte) 176 ♦2 Machines Bull 37 40
      287 words
    • Article
      Brussels
      92 8 MAY T2 FYs FORWARD MARKET Acec 210 -6 Arbed 2410 unch Astur 618 -34 Brascan 491 ♦2 Bra-Lamb 1590 -10 Canpac 570 *e Cock 444 24 I> Beers 187 1 Ebes 2190 -25 Electrobel 6410 -160 Ob-Inno-Bm 2005 -15 Gev 1304 -6 Hobok 2230 -10 Petro 4210 -5 Ryl
      92 words
    • Article
      Triumph/Adler maintains its market position
      566 8 THE Trlumph/Adler Office Machines and Computer Group composed of Triumph Werke Nurnberg AG, Adler Werke previously Hainrlch Kleyer AG, Frankfurt, and the Trlumph-Adler Vertrlebs GmbH, Nurnberg, has maintained its market position. Not considering the still Incomplete restructuring and the accompanying conversion to futureoriented products, It
      566 words
    • Article
      Jo'burg
      324 8 OLD shares were firmer in ght trading following higher ulllon Indications on Monday. MAY a Rand INDUSTRIALS A Alpha Abercom AE And CI AMIC Barlows C« Sugar CNA Currle Finance Dr Been Ind Ed con Edgars Eveready FedVolk Fuglt Gardtan Gienanl Gratemn Hippo HI veld Huletts Liberty Lonrho LTA
      324 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Monday 468.8 Friday 470.8 Week Ago «5.0 DOW JONES AVERAGE INDUSTRIALS Monday 855.34 Friday 848.85 Week Ago 848.76 LONDON DOLLAR PREMIUM Monday lliv. to 112 Friday Ill* to 112K H.K. HANG SENG Tuesday 406.37 Monday 465.65 Week Ago 457.96 SYDNEY INDUSTRIALS Tuesday 425.49 Monday 426.66
      63 words
    • Article
      Stock prices on the rise again
      1158 8 NEW YORK STOCK prices rose In moderate trading on Monday ending what analysts called a minor correction to recent market gains. Analysts continued to wonder at the market's ability to advance In the face of rising Interest rates and high Inflation. Michael Metz of
      1,158 words
    • Article
      Lock icon NYSE chief re-elected
      56 8 Reuter. THE New York Stock Exchange said directors reelected William M. Batten chairman and chief executive officer for a third oneyear term. The exchange also said John J. Phelan, Jr., a senior Partner of Phelan Silver esce Barry and Company, to a fourth one->year term as vice
      Reuter.  -  56 words
    • Article
      CHICAGO BOARD OPTIONS
      1486 8 May 22 VOLUME on the Chicago Board Options Exchange eased to 132,850 contracts from 142,552 contracts on Friday. OPTION JLY OCT JAN 8TOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am
      1,486 words
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      Page 8 Advertisements Column 1
      164 8 |S L The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks Lynch
      164 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Karstadt 1978 profits should be satisfactory
      479 9 f EUROPEAN h 4 Reuter KARSTADT AO 1978 profits will hold within limits due to further expansion and partial reorganisation of the group but should nonetheless be satisfactory in the circumstances, managing board spokesman Walter Deuss said. Mr. Deuss told the annual press conference
      Reuter  -  479 words
    • Article
      Lock icon Green light given to Immobiliare
      368 9 Reuter. ROME: A group of 21 creditor banks have given their final approval to plans for the financial salvage of Generale Immobiliare Sogene SPA. five months after the plans were first put forward, a company spokesman said. Under the salvage project put forward by the
      Reuter.  -  368 words
    • Article
      IBM buys its shares
      51 9 INTERNATIONAL Business Machines Corp said that as of May 17 it had bought about 2.3 million of its shares under its block purchase programme. IBM made the statement in a presentation to security analysts. Under the share repurchase programme, IBM will purchase 2.5 million of its
      51 words
    • Article
      Occidental
      47 9 OCCIDENTAL Petroleum Corp 1978 net income should exceed considerably the fully diluted US$2.6O a share earned in 1977. chairman Armand Hammer told the annual meeting. In the first quarter. Occidental had fully diluted earnings per share of 40 cents compared with 41 cents a year ago.
      47 words
    • Article
      Dividend up
      30 9 ALLIS-CHALMERS Corp said directors raised the quarterly dividend to US 37v, cents a share from 32 Vi cents, payable on July 31. to shareholders on record June 30.
      30 words
    • Article
      Pfizer
      28 9 PFIZER Inc said its board raised the second quarter dividend to US3O cents from 27 cents, payable on June 23. to shareholders on record by June 5.
      28 words
    • Article
      Lock icon Natwest plans to raise US$200m
      161 9 Reuter. LONDON: National Westminister Bank Ltd announced it plans to raise US$2OO million on the international capital market. The funding will comprise $75 million of bonds, due 1986, and $125 million of floating rate capital notes, due 1990. The bank said the coupon on the
      Reuter.  -  161 words
    • Article
      Dresdner elects chairman
      62 9 FRANKFURT: Dresdner Bank Ag said managing board spokesman Helmut Haeusgen was elected supervisory board chairman at the annual meeting in Munich. Mr. Haeusgen took over as managing board spokesman after the death of Juergen Ponto last year and is succeeded by former German economics minister Hans Frlderlchs
      62 words
    • Article
      Lock icon PARIBAS PLANS
      67 9 Reuter. HONGKONG: Banque de Paris et des Pays Bas said It has applied to the Hongkong authorities for permission to open a full branch in the colony, vice president Aimery LanglolsMeurlnne said. The bank has recently agreed to take up to a 25 per cent stake In the
      Reuter.  -  67 words
    • Article
      Lock icon Conoco expects high earnings from coal
      248 9 f N.AMERICAN Reuter. CONTINENTAL Oil Co expects annual earnings growth through the mid1980s to average between 10 per cent and 17 per cent, chairman Howard W. Blauvelt told analysts. Mr. Blauvelt said the projection assumed an inflation rate averaging nearly six per cent between
      Reuter.  -  248 words
    • Article
      Lock icon Xerox won't pay more
      208 9 Reuter. XEROX Corp will not consider a dividend increase for a while, chairman C. Peter McColough told the annual meeting. In February, the company increased its quarterly dividend to USSO cents a share from 40 cents. Directors will meet later to consider a quarterly dividend payment.
      Reuter.  -  208 words
    • Article
      Lock icon Volvo to be a joint company
      338 9 Reuter STOCKHOLM;. AB Volvo will become a Joint Swedish Norwegian company called Volvo (SvensktNorskt AB) which will be 60 per cent held by a new Swedish holding company and 40 per cent by a Norwegian counterpart, Volvo's managing director Pehr Oyllenhammar told a Dress
      Reuter  -  338 words
    • Article
      Lock icon Volkswagen optimistic
      198 9 Reuter FRANKFURT: Volkswagenwerk AO expects a good earnings position this year and is optimistic about Its 1978 world sales, management board finance director Frledrich Thomee said. He told an analysts' briefing to mark the company's first publication of quarterly results. Volkswagen eroup's sales pattern can only develop positively
      Reuter  -  198 words
    • Article
      Lock icon Ford recalls 110,000 cars
      86 9 Reuter FORD Motor Co said it Is recalling 110,000 1978-model cars for inspection of front seat belt assemblies. The recall is for model Ford LTD, LTD 11, Thunderblrd and Mercury Cougar passenger cars. The company said on some of the vehicles, shoulder-harness retractors may not lock
      Reuter  -  86 words
    • Article
      Sears
      68 9 A SEARS Roebuck and Co spokesman confirmed a published report that the company is conducting a study to determine whether some or all of its activities In New York should be moved to Chicago. The study could determine that no change Is necessary, the spokesman said. No decisions will
      68 words
    • Article
      Lock icon Norwegian Klondike — home of the Invisible American
      804 9 Norwegian Klondike home of the Invisible American NYT. STAVANGER: The main office of Mobil Exploration Norway sits right beside the quaintest part of Stavanger's harbour in a maroon and white building that once housed a fish cannery. But no casual visitor would know whose office It Is. The home here
      NYT.  -  804 words
    • Article
      Lock icon Funds for PT Asta
      66 9 BONDS&LOANS Reuter HONGKONG: Two affiliates of Indonesia's PT Asta International Inc will sign syndicated loans totalling US$2O million on May 26, Citicorp International Group told Reuter. The loans comprise $14 million with a 4V4 year term for PT Oaya Motor and $6 million for 2V» years
      Reuter  -  66 words
    • Article
      Moody rating
      54 9 NEW YORK: Moody's Investors Service Inc said It rated Trlple-A bonds to be offered for sale here by the Commonwealth of Australia. The issues are US$l5O million of five-year bonds due 1983, and $100 million of 15-year bonds, due 1903, it said. The bonds will be sold on
      54 words
    • Article
      Banque Worms
      57 9 LONDON: Banque Worms will issue US$25 million of seven year floating rate notes, lead manager Credit Suisse White Weld Ltd said. The issue will carry an Interest rate of per cent over the six month London interbank offered rate, with a minimum of 5* per cent and is
      57 words
    • Article
      Philippines gets loan
      44 9 LONDON: The Philippines is receiving an US$BO million World Bank loan, the bank said in a statement Issued here. The funds will provide investment credit to the Development Bank of the Philippines for relendlng to small and medium scale Industrial enterprises.
      44 words
    • Article
      Canadair
      33 9 LONDON: Canadair Ltd US$7O million Eurobonds have been priced at 99 per cent, lead manager Merrill Lynch International Co Ltd said. (The notes due 1983 carry a coupon of Btt per cent.)
      33 words
    • Article
      AGA AB
      31 9 LONDON: AGA AB US$25 million 10 year Eurobond issue has been priced at par lead manager Hambros Bank Ltd said. The bonds carry a coupon of 9tt per cent.
      31 words
    • Article
      Aussie takeover bids in limelight
      492 9 r i ASIAN TAKEOVER activity in Australia has been maintained with the diversified Industrial group, W.R. Carpenter Holdings, making a bid for the paper and printing gfoup, Dalton Brothers Holdings. At the same time the electrical appliance group, Vulcan announced that it had held talks
      492 words
    • Article
      Lock icon TNT hit by exchange rate movements
      237 9 Reuter. SYDNEY: Exchange rate movements contributed to the fall in the profit of Thomas Nationwide TransKrt Ltd (TNT) In Austran dollar terms In Its first three trading quarters ended March 31, TNT said. The East Coast US longshoremen's strike was another factor, costing TNT
      Reuter.  -  237 words
    • Article
      Lock icon Kalgoorlie scheme to avoid winding up
      244 9 Reuter. MELBOURNE: Kalgoorlie Southern Gold Mines NL will ask its shareholders to approve the purchase of a 50 per cent stake In a Western Australian talc mine as part of a rearrangement of interests to avoid a windingup of the company. Under the agreement,
      Reuter.  -  244 words
    • Article
      Lock icon Limit to foreign owners
      181 9 Reuter. MANILA: Foreign ownership in the Philippine Associated Smelting and Refining Corp will be confined to 30 per cent of the US$l5O million plant with the rest divided almost evenly between the government and a consortium of Philippine copper mining companies, a spokesman said. Foreign owners
      Reuter.  -  181 words
    • Article
      Lock icon Wallace Sassoon changes its name
      162 9 Reuter SYDNEY: The Standard Chartered Bank Ltd has lifted the issued capital of Its wholly-owned merchant bank unit, Standard Chartered Australia Ltd, to Ass million from $1.5 million and changed Its name from Wallace Sassoon Ltd, the Australian unit announced. It said the increased capital
      Reuter  -  162 words
    • Article
      HK Electric area grant
      58 9 THE Hongkong government said It proposes to grant 58.9 hectares "offshore and of the sea bed" to the Hongkong Electric Co Ltd on Lamma Island. The area is for reclamation and the building of jetties for a proposed power station. Hongkong electric shares firmed HK 22.5
      58 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      83 9 The Love of e ooking 4 > t-.r* V" •v*; i/' ft "*4. •v m i mr* l I mtmm i* •oupato deeeerta, giving th» eoek a wldar rang* el recipee to try, one* the baetee have baan Kenneth Lo reglen. of China Peking, Shanghai. < ftiaehuan and givaa a
      83 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1729 10 810 and offer prices officially listed and business in and reported to the Stock Exchanged Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 unIts unless otherwise specified. AU Time Settlement Contracts are quoted after the word "sett Big Board deal (in
      1,729 words
    • Article
      Government bonds
      127 10 4 3/4% 15/9/80 (250,000) (100 468 100.558) 5* 15/4/81 (250.000) (100.688 100.755) 5% T F 1/5/83 (250.000) (100.458 100.558) 53/4% T F I&V81-84 250,000) (102.905) 7% 15/4/85 250.000) (100.908 101.058) 7 1/4% 15/10/86 (250.000) (100.70B) 7 1/4% 1/5/87 (250.000) (100 70B) 5 3/4% T F 15/7/87 (250.000) (101.958)
      127 words
    • Article
      Stock options
      118 10 STRIKING prices of the stock S nS ClaJly llsted on Stock Exchange of Singapore offer prices b t l if' ness done yesterday. ElilL. number of options traded shown in brackets. Cold Storage (June 11.70) (0.&5B S.MS). (Sept 11.70) (.0578 0.728). C and C (June $2.20) (1.648 1.745).
      118 words
  • Article
    SHARE INFORMATION SERVICE
    1434 10 1978 Hick Low Company Last v. Sale Week +OTGr'« Div Div C'VT Gr'i Y'ld Net P/E Week Vol Week COQO) High Low 8ECTION ONE INDUSTRIALS 181 132 Aetna 175 213 123* Alcom 205 152 112 Allied Choc 152 225* 195* Bata 225 83 60* Ben 77 191
    1,434 words
  • Article
    In Kuala Lumpur
    2173 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 inomtdiau AJlnamata (2.500) Aiaam (2.148 3.168) (1) 2 10 (0) 2 14
    2,173 words
  • Article, Illustration
    Volume much reduced
    760 10 THE stock market run into profit-taking yesterday and prices were taken marginally lower in mixed trading. Trading volume on the Stock Exchange of Singapore was much reduced with about 5.56 million shares worth $10.81 million changing hands. This fell short of Friday's 7.8$ million ihtrea. A broker
    760 words
  • Article
    KLSE prices fall sharply
    566 10 PRICES fell sharply across a broad front in moderately dull conditions at the Kuala Lumpur Stock Exchange yesterday. The distinctly easier close was a sharp contrast to the fairly steady opening when prices attempted a rally after the extended weekend. The attempt, however, was shortlived and
    566 words
  • Article
    Unit trusts
    154 10 SINGAPORE UNIT TRUST (Maaafcn' prion for Ma* Zt\ INCOME BOND UNIT The Commerce The 8avlng Fund 1 85 2 07xd 120 1.27 IUUM p INCOME BOND rtaas) 1 06 1.11 S pore Prof Fund S poreSecurlfy 0 96 ,103 IN 2.00 121 I 28 MARA BUMIPUTRA rUJTD (Masafari'
    154 words
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  • COMPANY NEWS
    • Article, Illustration
      Singapore Glass ahead of forecast
      739 11  -  By ARTHUR NG VERY different recovery rates are noted for the two successors of the former Malayan Containers group Singapore Glass (1974) and Malaysian Containers (1974) for their common financial year ended March 31. 1978. A strong secondhalf spurt Kushed group pre-tax earnigs at Singapore
      739 words
    • Article, Illustration
      Dah Yung Steel depressed
      483 11 INTENSE competition in the industrial gas market apparently took Its toll on Dah Yung Steel's performance for the 12 months ended Dec 31, 1977. Group pre-tax profit plunged to $1.09 million, nearly half the previous period's $2.14 million, while group turnover was down by 6.6 per
      483 words
    • Article
      COMPANY MEETINGS
      598 11 Far-East Levingston Shipr building Ltd: AGM to be held at No. 31, Shipyard Road, Jurong Town, Singapore 22. at 10.30 a.m. on May 25. Selangor Properties Bhd: AGM to be held at Wisma Socfln, Jalan Semantan, Damansara Heights, Kuala Lumpur, at 10.00 a.m. on May 26. Apollo Enterprises
      598 words
    • Article
      Boustead Holdings answers KLSE
      93 11 BOUSTEAD Holdings anticipates that its proposed one-for-ten scrip issue will not have any adverse effect on its profitability. The company was replying to a query posed by the KLSE. Boustead expressed confidence that the current level of profit distribution could be maintained upon the increased capital.
      93 words
    • LATEST RESULTS
    • Article
      London Rubber to invest more
      208 11 THE giant London Rubber Company International group, whose $15 million factory in Kulim, Kedah, is nearing completion, plans to invest $7 million more soon. Its director, Mr D.A. Blairman, met the Deputy Prime Minister and Minister of Trade and Industry, Datuk Seri Dr Mahathir Mohamad,
      208 words
    • Article
      Taiko
      43 11 TAIKO Plantations has sold 860,559 shares of $1 each In Gadek (Malaysa) at par to Syarlkat Permodalan Kebangsaan Berhad, a bumiputra company nominated by the Ministry of Trade and Industry. The shares represent 50 per cent of the issued capital of Gadek.
      43 words
    • Article
      Is Harcros giving HME a fair deal?
      820 11 LETTER TO THE EDITOR Dear Sir, I am becoming concerned that local shareholders in Harrisons Malaysian Estates (HME) are not receiving adequate advice upon the action they should take regarding the proposed merger of Harrisons ft Crosfield (H C) and HME. in respect
      820 words
    • Article
      LIGHT SHED ON WINDSOR DEAL
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      782 11 c. ■Ml Ex Books Date Teftfcr >r u irmmt Data does payable the ymf L Dualop Estate Tractors g*.PrmrtiM M.C*UM Intraeo Dunlop Industries HlfkAUw Kulim Sime Darby MBS Ku«'* U.O.LLou George Kent 8 bell UE(Prsf.) UE (Ord.) KinU Kellai C and C 20% 10%I 8% 10% 12 21
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      418 words
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      116 11 For a Successful BANKING Career ILI T PI A fcRA MA SCRI NEI Wfolsey 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
      116 words
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    Trade talks with Poland soon
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    114 words
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    265 12 SINGAPORE'S balance of trade with Belgium last year was tilted In the latter's favour but the gap can be narrowed or even bridged If advantage is taken of the current rattan rage In the European country. For, according to the commercial attache at the
    265 words
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    Lock icon Philippines' ambitious export plan
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    Reuter  -  513 words
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    193 12 Reuter THE Philippines and a group of foreign banks have agreed on easier terms for a U*****.6 million (*****.2 million) loan the country took out in 1976 to help build a nuclear power plant, the government National Power Corp said. Special Project Nuclear finance manager,
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    528 12 AFP MANY foreign banks wishing to start full operations In Hongkong have shied off pending the outcome of a controversial government taxation proposal. The government's Intention is to Impose a 17 per cent tax on net profits from certain offshore interest earnings, a tax which
    AFP  -  528 words
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    136 12 Reuter THE US House Armed Services Committee today will consider a bill authorising a US contribution of up to 5,000 long tons (I.e. 5,080 metric tons) of tin to the International tin buffer stock, a spokesman said. As previously amended by the House Stockpiles
    Reuter  -  136 words
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    460 12 JAPAN will pledge to lower its Import tariffs on some 2,600 manufacturing and mining items from the present 10.8 per cent on the average to around 3.7 per cent at the multilateral trade negotiations (Tokyo Round). The import tariff on the main
    460 words
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    SHIPPING TIMES
    3472 13 BCHEDPLE 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 CMMTtiUM ScanDntch hiu a Joint service
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      368 13 Fortnightly Direct Express Service Europe/Straits f or further details call Singapore *****46 Kuala Lumpur ***** Port Kelann: *****0 Penan* ***** SHIPPING l£3 Seatrain Lines Inc (U S A Trans-Pacific Service Full Container Service To USA H« OAK LA GULF E/C >/C 25/0 Zl/t 5/7 10/7 FKOCIWI SPORE MOTHER *51 H«
      368 words
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      326 13 SHARJAH SHIPPING CO LTD (UNITtO ARAB EMiRAKS GULF SHIPPING LINE (UNITED ARAB EMIRATES) S port P H«lan( Pfnang Loading tor •GUIFMAJESTT 4/7 km t/lt km MM/Ommm •GULF MAJESTY .24/27 My 21/* Mr ACCEPTING CONTAINERISED FCL CARGO TO DUBAI. ABU DMMI n. lNfu t-^SMARI) I** Mh fl< Ph NEWA. AGENTS -UP
      326 words
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      Page 13 Advertisements Column 3
      430 13 MAN SOON SHIPPING TRADING CO (PTE I LID M V GLORIOUS TRAOER" M V "CMCMY I B M M r SELAMAT DATANG M Y CHERRY BACUS' M V "CHERRY MAN IS" M Y "SENG HOW M 6(T»H KINABALU MY "LUNA MARINA" MY "CHERRY lAYA" -IN' "N HOUM \m|*T( si*- ,'?oiA:
      430 words
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      358 13 MCKMBRS LIWIE TDm» lank* tfinlkt fiwwl A|Mti MM Hi Ha* SiM( SW»»*I( fa. S*l SM. SPOtE WIT HELMS PtNAftS OISCHAA6E PORTS •UNM.MItIf.nMI MEN. HBURC LEGHORN. mm ROAM RLOM. AWERP. RDM men. HMMS MMnt fa. (H) Pit. LM. I* 22H422/5 P.Mmi «•*> i*. HBM/1 mtaut fmm*m* umaciut I _TV«/y C? Pt*
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      14 13 FORTNIGHTLY TO MIDDLE EAST sea w {\land MT Kr««CMTED CMtMBt SfWICf BOOKING TEL *****22
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      819 14 SHIPPING FULLY CONTAINERISED TO EUROPE rpm P.MW( H'kwi B'havan U«n LiKan* Takia Expraas 26/5 28/5 3/1 5/6 10/6 11/6 19/6 21/6 W—tirf Eipmt 27/6 17/7 Eiprtu 30/6 19/7 »*r 5/7 7/7 30/7 EXPRESS CONVENTIONAL TO EUROPE r.WMt Paa Mb* BurttMtm In Port 25/5 (achawrtaia 5/6 Mutii 13/6 10/7 Prm-itu 27/6
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      Page 14 Advertisements Column 2
      841 14 I a SANKYO LINE AUSTRALIA SERVICE P. KcUng Singapore lM*ng TUE RIVER IN PORT 28/27 M*T FRt, AOEI, MEL. SYI MAY MEEZE »/2S May IK PO*T BRIS, SYD, M€l SEA BLOOM 4/6 June 7/8)«iw ADEL, MEL, SYD BANGLADESH SERVICE MAT PRINCE SAILEO SAILEO CHITTAGOWfi. CHALK GENERAL AGENTS CONTAINER BOOKING LOAD
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      673 14 SEA mLAND U.S.A./ ASIA SERVICE OtT REFRIGERATED CONTAINER SERVICE SAILING EVERY WEDNESDAY FM PORTS M USA. CANADA. CARIBBEAN. lAPAN. ROMA. TAIWAN, MOM ROM. THAIUNO MO PHILIPPINES VESSEL/VOYAGE PONCE V-325 GATEWAY CITY V-698 PONCE V-326 GATEWAY CITY V 699 MID-EAST SERVICE Vessel Arrives/departs MAY 31/ JUNE 01 JUM 6/7 JUM 13/14
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      921 14 I I vi I i Yj v n Everett Lines BMrn,s Fiv Star Slipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON Sinjipun MunMmn mnu F SS C Agents in Moloyvo TEPS MALAYSIA Port Kelortg Tel (38J-7355 Penong Tel *****/***** Compania Argentina Da Navegadon Intercontinental S. A. C.I. F fJf/ "ARGENTINE
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      447 14 SHIPPING TIMES, Wedne«day. May 24, 1978. \\W// mm i JARDINI AN I AH I Orient Overseas Co*dcu*teA. Line FULLY COWmWEKISED SEKVICE TO EUROPE (VIA SUEZ) Irnct F-Wmc I S*tM Laßmt H1« (tm I «OZE W HKOM CONTAINEIIM NERCATO* M OMENTAL CHIEF M S SEAS I*D6E im OMENTAL NESEANCHEI 1 CH«»Lit*
      447 words
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      1486 15 HCL Overseas Containers Limited N CONTAINfKSIIP soma to d i/continent MULDER TCKIO express TUNIS Mill suu UT hamomig iimsi h;ng«ing eipiess HOWL MM UT MIMM IXPRESS TOIVO MT lENALDER H'burg t. [M U S'oore P. Kelang O'mark Brem I hib rtavir n May it Mir 11 iu n in 21
      1,486 words
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      Page 15 Advertisements Column 2
      1208 15 Ben Ocean Ajart service of Ben Line BkieFiwmel Glen Lme and NSMO TO ■K/COMTIMIMT (via Iw) On* Snifiaort P. Ktlut Fen*«f From lENVAHHKH 4/Stow I/IM 1/11 lan 5 to* Lis**. Leiaoas. MOW*. FNRONTIS 11/14 lui 28/» Jam 18/ IB ton I? I<l| Bilbao Amst, OuMm. I/ 4 to* 1/ I
      1,208 words
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      869 15 BEN LINE LIMITED IJr I o SCTM Sin Capon P. blf| Ztrm—i'tMlii* Imu Itmci jyi y(_ *MU» nun a May It In* 2B tan 21 Jpn at tan) II MM TMIt umu tan Sl««| Nlw HIM »m aiM dim TNAMCS MARK II In* 11 tan i I>>* «Mf «My Kln
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      1017 15 Scan Dutch V EXPRESS CONTAINER SER) WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA :E VIA SUEZ Feebei lr«a P. *elan| Vessel CLUHORA a/ J, UUMU FRAHCISCA I HIM* tUAMOU 11/ I NEO OtllMA FRAHCESCA 1•/ 0) EIUMM T,TMU frahcesca i komioah S port b Ms*.llct a RdM 31 Hfci't 4) ibur| 50/» 11/•
      1,017 words
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      631 15 M GUTHRIE BOUSTEAD ™^e G S THE BANK LIME LTD LOAIS FN t I AFRICA y**" T Aewn-oe. Mombasa. Tinfj. Mtiaap. Onrtta. E.L. PE.. Capetown) Kuantan 1/ I la P. Ktlanj M/ 11 In Spat* 8/ I laa trn mm tntu f- MIWC S port 1/1 la P. WWI l/ll
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      1091 16 s Kline KAWASAKI KISEN KAISHA. LTD. ÜBWIHIIIIIt (VIA SUEZ) ky Cartaißtr Vtsstls TO lOIOVI S'pore P. Kelang L.Havre H'bur? Bremen R'dam A'wf CUVU.IEI ton IV Sails* 25 May 13 Ja* NX CONTAINERII* 2taw Jtaw 22Jaas 24Jaaa 25Jan 2IJ«n 21 li MERCATOR IW l>» I Jaw 21 J«a M Jaat Half
      1,091 words
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      1105 16 E. C.-U. S. A. I ATLANTIC/GULF SERVICE ACCEPTING FCL/LCL CONTAINEB FNtt SPORE. P. XELANC. PENANC Hr: NORFOLK. NEW TOM, H(« NUUS. HOUSTON S nfioc* P Kelanf Beiawa* Penanf -vishva omaktv imosa n sco is/ioina nmim */1 my 1/1 ia» E.G./GREAT LAKES SERVICE l»Mi« far: MlfOU, NEW TOM. MONTREAL. TfeODNTO. ASHTAOOLA,
      1,105 words
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      922 16 NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: TO (HttlfE (VIA S«LD CHEVALIER ROZE Sailed NONCKONC CONTAINER 2 MM MERCATDR I Mm OtIENTAL CHIEF IS Jaae SEVEN SEAS UIKE 21 km WENTAL RESEARCHER 21 Imm CHEVALIER PAW. S My 'All vessels call Lt Mm aftar TON EWfE (VU SK2} 21 J*a
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      Page 16 Advertisements Column 4
      693 16 MALAYS lAH INTERNATIONAL SHIPPING CORPORATION BCRM AD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA vest mm Ittdtr *P. Ktianf «n»i S pore 1) Msaillts 2)am* J) Kbur| 4) Gburj 1) HUM, Stactkala (lit. tatttrMa. H. I) lull h Alia ICCtftlSf IIUfMAIU J) Brtaaa. ta KH|IM| lIIH EXPRESS CONVENTIONAL SERVICE TO
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      749 16 INTRASEA (PTE) LTD F«ibt l House i-«t O'cKvcl Ro.id Smq.ipo" Telephone ..'*****1 2-35*J0t><' REGULAR INDEPENDENT SEMI FULL CONTAINER SERVICE Tt EWOPf S'pon P Hilang SUM Sa.MR to» (U.it)/rd H'bar|/A'wafp/ AECIS ATNENIC M Part Sa<la4 II 14m Hlarf A'warp. •M.V ISTEBLICK (Caatr. Mm*) HMq M'stita/fton (U.K.)/ rtan/Ntwi/Ctwi. •Atta|ttiaf TkrMTk B'a/L tf
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