The Business Times, 26 May 1978

Microfilm: NL9690
Total Pages: 16
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C.(P) No. 218/1/78 1 FRIDAY, MAY 26, 1978 50 CENTS
    12 words
  • BRIEFLY...
    • Article
      Asean meeting
      24 1 ASEAN economic ministers will meet next month to review the expansion and industrial complementation programmes. The meeting will be held In Jakarta.
      24 words
    • Article
      Lock icon Revenues lost
      72 1 AFP MANILA, Thurs. The Philippine government is losing US$lOO million (***** million) In potential revenues annually as a result of mlsdeclaratlon of exports of copra and other coconut products, the Presidential Palace said today. A palace announcement said Mr. Marcos has ordered the creation of an Investigating body
      AFP  -  72 words
    • Article
      Lock icon EEC budget
      78 1 AP BRUSSELS, Thurs. The European Common Market Is planning to spend about US$lB billion (Ss42 billion) next year, nearly two-thirds of it to keep food prices high. The proposal for the 1979 budget is subject to considerable change before it is adopted by the representatives of the nine
      AP  -  78 words
    • Article
      Lock icon Java coal
      99 1 AFP JAKARTA, Thurs. The World Bank has agreed to lend Indonesia US$lO million (5523.4 million) for the financing of feasibility studies for a plan to mine and transport coal for use in power plants in Java, it was announced here today. The coal, to be mined in the
      AFP  -  99 words
    • Article
      Lock icon UK promise
      68 1 Reuter LONDON, Thurs. Britain today gave a series of assurances to the IMF that It will keep its public spending within set limits and will control the expansion of credit, in an attempt to stop a recent bout of nervousness about the country's monetary affairs. After some Initial
      Reuter  -  68 words
    • Article
      Lock icon Firebombs away
      65 1 UPI TOKYO, Thurs. Radicals battling the operation of the new Tokyo international airport today hurled several firebombs at a dormitory near the airport housing employees of Korean Airlines. There were no reports of injuries or serious damage, police said. The dormitory is in the town of Tomlzato, 13
      UPI  -  65 words
    • Article
      Lock icon MLR linkage dropped
      73 1 AFP LONDON, Thurs. The Bank of England today decided to abandon the linkage between its minimum lending rate (MLR) and the Interest rates of Treasury bonds. This will mean that the bank is reverting to its old system of deliberate fixing of bank rate by the central
      AFP  -  73 words
    • Article
      Lock icon Dow Jones
      68 1 UPI NEW YORK, Thurs. Stocks wandered aimlessly early today in moderate trading as the market paused from its recent rally to reflect on the twin threats of rising inflation and interest rates. The Dow Jones industrial average, which fell 7.37 points yesterday, was off 0.16 point to 837.75
      UPI  -  68 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      142 1 Rises Rahman Hyd 430 O C B C 745 Sunfei Beai 615 C*C 402 Tronoli Mines 645 Mafnum Corpn 340 W Jack* 148 Island A Pen 292 Berjaya Kawat 207 B Sembawanc 260 Sel Properties 227 Dutch Baby 190 +45 +20 +20 16 15 14 14 12
      142 words
    • Article, Illustration
      In Kuala Lumpur
      184 1 Rises Most active S. Mai Tin Oriental 9.20 4.60 1.05 .30 uiuT 80 000 dok 437,000 Con, 362.000 F. Merlin 361.000 Tronoh Rahman Hyd Sg Best <5.60 4.60 6.35 •f .25 .20 .20 C and C 4.10 .16 Total Turnover: 7.25 m Petallng 6.45 -f .15 Total
      184 words
  • Article
    Walbro S'pore plant to open in January
    322 1 THE first factory In Asean to produce non-auto-mative carburettors, Walbro Singapore Pte Ltd, will begin operations in January next year with an Initial annual output of $2.24 million. It Is a wholly-owned subsidiary of Walbro Far East Incorporated of Japan which is In
    322 words
  • Article
    Answer the call of NZ markets now
    566 1  -  GSP NOT FULLY USED By FONG MEW LENG SINGAPORE-MADE electronic and electrical components have the greatest potential in the New Zealand market, according to the New Zealand Trade Commissioner. Most New Zealand TV and refrigerator manufacturers are currently buying their components from traditional
    566 words
  • Article
    Two new Japanese investments likely
    864 1  -  By RAHIM KASSIM TWO NEW manufacturing plants may be set up here after the visit of a Japanese Investment mission from the Tokyo-based Southeast Asian Promotion Centre for trade. Investment and tourism. One is a Joint venture to manufacture casings for small transistor radios, while
    864 words
  • Article
    Lock icon SHIPPING LINE MOVE
    111 1 AFP ASEAN traders have proposed the establishment of a regional shipping line to accelerate lntraAsean trade. Mr. Peter Yu of the Philippines said the proposal was made during the business symposium of Asean traders held In Manila recently. Mr. Yu was chairman of the symposium's preparatory committee.
    AFP  -  111 words
  • Article
    Singapore unlikely to ease policy on full licences
    341 1 SINGAPORE is not likely to follow Hongkong in granting full service licences to banks on a Urge scale here. The Monetary Authority of Singapore is expected to stick to its present policy of limiting the number of full service banks in the
    341 words
  • Article
    Sanwa issue keeps ACU market bubbling
    557 1  -  Br COLIN CHEE SANWA Bank's offshore branch in Singapore is to Issue US$2O million of floating rate negotiable certificates of deposit In the Asian dollar market. An agreement will be signed today between Sanwa Bank and Joint managers of the issue. Baring Sanwa and
    557 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      6 1 COPIES ANYTHING. FITS ON A TABLE-TOP.
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      154 1 ACBC Your key to International Ti H ft u* g<> t *r T S*r«4p© I K j4h«f(4 Kfpevf F u' If your business is import/export and the world is your market, you'll need the services of a bank with the international capability to handle your business dealings efficiently and with
      154 words
    • Advertisement
      Page 1 Advertisements Column 3
      68 1 See Pa(e« 2 ud 6 SHIPPING TIMES MK Electric plant for Malaysia SPERRY Univsc wins Rollei contract LOCAL capacitor production OIL doesnt make Shetlandsrs jump for joy 7 UMW stock traded beyond its worth 11 BO VIS holders' funds whittled VOSPER rolls out military down 1 j CROS8 WORDS 2,
      68 words
    • Advertisement
      Page 1 Advertisements Column 4
      166 1 SINTAT Rent-a-Car Singapore: *****55, *****5 (AirpwO Kualo Lumpur: *****4 Ptnona. ***** Kuonton: ***** U-BIX The Complete Coping System Makes Perfect Impressions !>;v i A i U-BiX 1500 U-BIX 1500 High speed copying at 15 copies per minute. Push button selection of two different paper sizes. Copies from bulky book, bound
      166 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      Taiyo Yuden production to start in July
      499 2  -  »y JOHN LIM ANOTHER Japanese company, with an Investment of $5 million, is setting up shop here as a result of the yen's appreciation. Taiyo Yuden (S) Pte Ltd, Incorporated In March, will start production in two stages. In July, production of ceramic
      499 words
    • Article
      Come what may, books here to stay
      236 2 BOOKS wUI surmount the television-phonograph -vi-deotape-computer revolution and they will remain at the centre of human knowledge and pleasure Indefinitely. There have been tremendous strides within the book world too. The spread of the paperback, for example, has been a revolution In Its
      236 words
    • Article
      Lock icon IBM WINS PEKING ORDER
      100 2 AFP INTERNATIONAL Business Machine Corporation (IBM) of the United States, the world's largest computer maker, will export computers to China, it was learned In Tokyo yesterday. According to informed sources, IBM recently obtained an order from China for a medium-size computer to be Installed at a
      AFP  -  100 words
    • Article, Illustration
      Computer that clicks
      376 2 SPERRY Univac has won a contract to lease Rollei Singapore a Series 90 computer for its production control. It is understood that the five-year lease, which includes providing experts from the manufacturers, is worth $1 million. The entire system will be Installed In two stages. Initially, a
      376 words
    • Article
      NPB seminar for top Inchcape execs
      268 2 THE NATIONAL Productivity Board (NPB) will be organising a five-day seminar for the directors and senior managers of Inchcape Bhd. The seminar starting on Monday will be held at the Shangri-La Hotel. This is the second time that the NPB is organising such a
      268 words
    • Article
      Lock icon French business eyes HK as distributive base
      700 2 AFP FRENCH business firms will consider setting up a base In Hongkong for distribution and servicing requirements for countries stretching from South Korea down to the Philippines. A trade official from Paris, Mr. J. P. Labels, head of the South-east Asia Department of
      AFP  -  700 words
    • Article
      IT'S NOW EXXON CHEMICAL
      80 2 ESSOCHEM Singapore Is to change Its name to Exxon Chemical Singapore from next month. Last July, Essochem Eastern, the group's Hongkong-based regional headquarters, changed Its name to Exxon Chemical Asia Pacific Ltd. This is to distinguish Exxon's international chemical organisation from its petroleum affiliates outsMe the
      80 words
    • Article
      MK Electric to set up plant in Malaysia
      333 2 A BRITISH manufacturer of electric wiring accessories may set up a Joint venture' assembly plant In Malaysia. Marketing manager of MK Electric Ltd, Mr. Graham Carr, said plans also were afoot to explore new markets In the Philippines and Thailand. "We already
      333 words
    • Article
      Off to Japan for union seminar
      109 2 TWENTY-FOUR Singapore union leaders will attend an Asian shipbuilding seminar organised by the International Metalworkers Federation in Japan from May 30 to June 1 Pioneer Industries Employees Union will send 14 members, Singapore Industrial Labour Organisation three, Sembawang Shipyard Employees Union four, and Keppel
      109 words
    • Article
      Lock icon DEARER SMOKES
      138 2 AFP THE RATE of duty on ImEorted cigarettes In Hongong has been raised by HKSI.6S per pound to $20.15 (I.e. by SII.BO to $22.40 per kg). The increase has the effect of adding six cents to the duty levied on a packet of 20 imported cigarettes. A government
      AFP  -  138 words
    • Article
      Taiwan's shopping spree
      122 2 TAIWAN'S second "buy American" mission witl make purchases worth US$73O million (511.7 billion), according to Taiwan's Board of Foreign Trade. The figure will represent nearly a three-fold increase over the $268 million spent by the first mission earlier this year. A spokesman said the purpose of the
      122 words
    • Article
      MEMO PAD
      283 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 25-28: Critical Path Analysis St Project. Mngt, Hilton, Price Waterhouae May 29-31: Modern Techniques Strategies for Mngt. Problem Solving, SIM, SIM May 30-June 2: Management of
      283 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      50 2 NOTICE As a result of the removal of offices, our automatic telephone system is being re-installed. We are now working temporarily on the manual system and we apologise for any inconvenience you may have in getting through to us The Times Organisation Times House 390 Kim Seng Road Singapore 9
      50 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      607 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Capital radio! (6) 7 It's held up when the weather's bad (8) 8 Like life. It has Its ups and downs (4) 10 They grow In many industrial centres (6) 11 Lengthy comic bits (6) 14 Unite all except the North (3) 16 Play
      607 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Swiss banker wants orderly intervention
      806 3 Reuter A SWISS banker has called for better coordination of central bank Intervention In foreign exchange markets to avoid recent Instances of heavy bank trading In one currency. Swiss National Bank president Fritz Leutwller said after the International monetary conference In Mexico City that central
      Reuter  -  806 words
    • Article
      Lock icon Energy bill heads for the full House
      670 3 Reuter PRESIDENT Carter's long delayed energy plan took a major step forward on Wednesday when the Senate-House Energy Conference approved a bill to phase out federal price controls on natural gas by 1985. Senate members of the conference voted 10 to 7 for
      Reuter  -  670 words
    • Article
      A new approach to bank regulation
      382 3 A PROGRESSIVE approach to regulation Includes a willingness to tolerate Individual bank failures which result from the normal operation of market forces, said Comptroller of the Currency John Helmann. Mr. Helmann's declaration on Tuesday before the annual convention of the New York State Bankers
      382 words
    • WORLD IN BRIEF
      • Article
        Lock icon INDIA UPS RUPEE
        446 3 Agencies THE Reserve Bank of India raised the value of the rupee by 2.5 per cent against sterllng with effect from Wednesday. The new buying and selling rates have been fixed at 15.30 rupees a pound for spot buying and 15.40 a pound for spot selling. THERE
        Agencies  -  446 words
    • Article
      Lock icon Bonn's April surplus probably lower
      144 3 Reuter WEST Germany 's trade surplus last month was probably lower than the 4.19 billion mark <554.6 billion) surplus in March, commercial bank economists said. A Federal Statistics Office spokesman said in Frankfurt on Wednesday the April figures will probably be published today or next
      Reuter  -  144 words
    • Article
      Lock icon Paris move to waive capital gains tax
      342 3 Reuter THE FRENCH government proposed on Wednesday to exempt some normal share and bond sales from capital gains tax. Budget Minister Maurice Papon said the exemption will cover total disposals that are less than 50,000 francs annually (I.e. 5525,000). Exceptional large scale transactions
      Reuter  -  342 words
    • Article
      Lock icon War pushes up copper price
      219 3 Reuter FIGHTING in Zaire Is helping to drive world copper prices up out of a slump and threatens shortages of another key metal, cobalt, according to London metal trade sources. With production halted at the world's biggest single mining complex round Koiwezi in Zaire's Shaba
      Reuter  -  219 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      198 3 Hi-fi Is Pointless o >v3K£S K> SSSS s 3S m BS BE KVSN -•v. .!S" > 4* R SI -,-v'X 3 9L> r^- )V>// think so? Then you wouldn care for Issue Three of The Cra ft of Sound— the gala hi-fi magazine. ou ivouldn t care for the 12
      198 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      579 4 PRICEB yesterday were left unchanged at the outset In the Singapore rubber market. The market later rallied on short-covering and some upcountry buying. However, the rally was short-lived as buyers withdrew and some commission selling and profittaking came In to reduce levels below Wednesday night's close.
      579 words
    • Article
      Closing prices
      29 4 Rubber: May 25 Singapore: June 215.25 (down 0.50 cent) Malaysia: June 221.25 cents (down 0.25 cent) Tin: M11.M5 (up S10) Official offerinf: 207 tonne* (down 57 tonnes)
      29 words
    • Article
      RAS PRICES
      316 4 R.A.S. prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt fob 214.75 215.75N 214.25 215.2SN Int. l R.S.S. June 216.00 216.25 215.25 215.75 Int. 1 R.S.S. July 216.50 216.75 216.00 216.50 Int. 2 R.S.S. 208 50 209.50N
      316 words
    • Article
      SSR AND SMR
      103 4 NOON SSR and SMR prices yesterday. Jul le July RA.H (Current Mth) (For ward Mth) Buyer* Seller* Buyer* Seller* «cent* per k|) (Ml it* per kf) SSR 20 (1-ton pallet) 204 00 206.00N 205 00 207.00N S;iR 50 (1-ton pallet) 202.00 204 00 N 203.00 205 00N
      103 words
    • Article
      Rice
      197 4 BANGKOK rjce prices quoted as follows yesterday: (US dollars per tonne FOB basis 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 pet unq
      197 words
    • Article
      Duty rates
      70 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from May 25 until further notice: Rubber: 25 cents per kilo. Copra: 213H a ton. Palm Kernel: M 5239 03 a ton The rates of duties payable are: Rubber 39'« cents per kilo (research cess one
      70 words
    • Article
      Produce exchange
      359 4 PRICES continued to firm on the Singapore produce market yesterday. Quiet trading prevailed in the copra sector while coffee and pepper had a better day. Fears of cold weather affecting Brazil's crop made for a strong coffee market. All grades of coffee were marked up $5 per plcul.
      359 words
    • Article
      Coffee
      301 4 ROBUSTA futures yesterday moved up again during the opening call to close fully steady with gains of £29 to £51 per tonne in London. Turnover was 813 lots Including two lots of 100 block cross trades. Trades and commission house buying activity across the board extended previous gains with
      301 words
    • Article
      Cocoa
      282 4 TERMINAL cocoa In London ended the opening call mostly higher from Wednesday by £2 to £12 per tonne with short-covering and chart support featured. Spot May was £5 lower, however, on technical factors although this position Initially traded £5.50 higher. Prices eased slightly In open trading under sporadic trade
      282 words
    • Article
      Palm oil
      79 4 C I F North European ports. In US dollars per ton unless otherwise stated LONDON: Wednesday Previous Malaysian 5% ffa bulk per tonne July unq 615 sir Sumatra 5% (fa bulk May unci) 670 pd June 670 sir 645 pd Jiy 635 sir 615/625 pd August 600 sir
      79 words
    • Article
      Straits tin
      259 4 THE BTRAITB tin price In Penang yesterday rose MS 1 o to $1,045 on an official offering down 57 tonnes to 207 tonnes. Values recovered from Wednesday's drop on Japanese, US, Eastern European and local demand. The overnight rise In London also aided the recovery. In LONDON yesterday,
      259 words
    • Article
      Sugar
      211 4 SUGAR futures in London opened £0.25 to £0.10 higher yesterday. Turnover totalled 502 lots. Values opened steady with local buying and shortcovering prompted by the recent more buoyant tone of the market. However, most traders believed the move to be technical as the fundamental surplus supply situation remains unchanged
      211 words
    • Article
      Hongkong comex
      174 4 THE sugar futures market closed little changed from previous close In continued dull trading yesterday with turnover at four lots against five on Wednesday. Trading was restricted to October delivery, closing US 0.05 cents higher. Hongkong dally spot sugar price rose 0.05 to 7.30 cents. SUGAR futures closing
      174 words
    • Article
      SPOT PRICES
      189 4 YARN and cotton In Hongkong dollars, spot ex-god own Cotton Yarn: China Blue Phoenix 20s 1.740. 325. 2.170. 40s. 2.280 (per bale of 400 lbs). Ptoo* Goods- China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq. (per piece
      189 words
    • Article
      Soybean
      134 4 SOYBEAN futures In Chicago fell after posting new season highs in new crop months and finished Wednesday's session around the day's lows. Losses of US3Vi to one cent a bushel were Incurred. Npvember and September, which led the early advance with gains of as much as six cents, closed
      134 words
    • Article
      Wheat
      132 4 WHEAT futures lost, early strength and closed on a weak note on Wednesday finishing at or just above the day's lows with prices down US four to 1-1/2 cents a bushel in Chicago. After early easiness on a lack of buying and the appearance of hedge selling, the market
      132 words
    • Article
      Copper
      347 4 COPPER wlrebars In London finished the morning with all round gains of £1 per tonne yesUrday. Alter shading initially in line with US futures, early pre-market values rallied on short-covering prompted by further physical demand from the continent In the morning. Three months traded up to a new high
      347 words
    • Article
      Silver
      259 4 SILVER yesterday morning fell by mostly two pence In London. Dealers said the movement reflected the overnight declines at New York and the trend In gold. However, trading Interest was extremely light with the bulk of the 74 lots traded stemming from carries. On Wednesday afternoon, silver on the
      259 words
    • Article
      Gold
      426 4 THE kliobar in Singapore opened at 5513,525 yesterday. The market hovered at this level for most of the trading session, and firmed up to close at $13,550. In the loco London market, the metal opened at U*****.70/179.00 and closed at 1178.20/178.50. The London morning fix was U*****.35, down five
      426 words
    • Article
      Zinc
      72 4 ZINC finished the morning with gains of £1.5 for cash and £1 for three months In London yesterday. This metal lacked fresh feature and tended to reflect fluctuations in copper, dealers said. Three months traded up to £331 on the pre-market, but slipped back to £327.5 In the ring.
      72 words
    • Article
      Lead
      63 4 LEAD on the morning was up by £1.25 for cash and £0.5 for three months In London yesterday. Prices fluctuated narrowly In sympathy with movements In copper, traders said. Three months traded up to £313, but finished the ring hands at Sales of 2,350 tonnes were boosted by carries.
      63 words
  • MONEY AND EXCHANGES
    • Article
      Singapore market
      443 4 RUMOURS of an impending Tokyo announcement to strengthen the yen resulted in the yen moving up strongly against the US dollar In an otherwise quiet foreign exchange market yesterday. The US dollar opened at 228.05/15 against the yen and when the rumour took effect with the opening of
      443 words
    • Article
      Asian $ and CD rates
      182 4 Asian and CD rates ASIAN currency deposit Interbank rmles u at close on May 25 US Dollars (Spot) Ofhr Bid 7 days 7 5/8 7 1/2 1 mth 83/16 81/16 2mths 77/8 73/4 3 mths 8 77/8 6 mths 87/16 8 5/16 mths 81/2 8 3/8 12 mths 88/16 87/16
      182 words
    • Article
      Discount
      43 4 RANGE of price* offered by dlacount houses on May 23 Overnight 3*H Call deposits 3*4* CMm Buyiaa $WUla« 3-month Treasury bills 31/4 31/8 3-month Bank bills 413/16 4 11/16 3-month CD 413/16 411/16 6-month CD 51/6 415/16 Source: National Discount Co. Ltd.
      43 words
    • Article
      MLR
      21 4 THE average rate at which Singapore hanks are currently prepared to lend to their beet customer* is 7 per cent.
      21 words
    • Article
      Euro $ rates
      132 4 Euro rates EURODOLLAR deposit rates yesterday held steady with a firmer undertone in places In selectively active trading. One to five-month periods were adjusted higher at the outset on the loss of the Friday dealing technicality. One month and four months additionally were lifted to 8-3/10 8-1/1# per cent and
      132 words
    • Article
      London
      212 4 THE DOLLAR £ased in quiet opening trading yesterday, with operators cautious ahead of US April trade figures, expected today. With the closure of the main German centres, trading was expected to remain at a low level yesterday, while a further dampening factor is next week's US and UK market
      212 words
    • Article
      New York
      184 4 THE US dollar closed virtually unchanged on Wednesday against major currencies in a quiet session marked by extremely narrow fluctuations in rates. The holiday in Germany today and US and British holidays next week are limiting trading, traders noted. Currencies traded fairly close to their opening levels, with
      184 words
    • Article
      Tokyo
      152 4 THE US dollar for overnight delivery closed lower at 227.35 yen yesterday, compared with a 228.40 opening and 228.90 at Wednesday's close. Trading was active with volume US$474 million. The dollar drifted lower in active late trading on sustained selling by foreign banks to buy yen, extending an earlier
      152 words
    • Article
      Hongkong
      111 4 THE US dollar closed easier In quiet trading yeserday. with the market wary of the postponement of US trade figures. The dollar fell to 227.40/50 yen from Its 228.20 New York close and to 2.1280/85 marks from its New York close of around 2.1300. Sterling was little changed at
      111 words
    • Article
      Zurich
      48 4 ZURICH exchanges closing quotes on May 24. US 1.9066 0075 Stg 3 5851-5879 Can 1.7641-7866 Dm* 92 4281-5000 Dfl 00.4016-4835 Ffr 42 0057-1306 Bfr 5.0223-9200 Dkr 34.3004-4149 Nkr 35.9641-0000 Skr 41.9023-42.0236 Lit 0 2256-2257 Aus sch 12 8529-0837 Port 4.2717-2006 Spain 2 .4107-4900 Alf 0.26-35 Yen 0.0612-0622
      48 words
    • Article
      Australia/NZ
      55 4 AUSTRALIA/NZ exchanges quoted on May 25. AUSTRALIA: US dollar 1.1272/1.1224 Sterling 0 6241/0.0171 Ninety-day air mall buying rates: Sterling 0 6435 US dollars 1 1583 Ninety-day forward buying rata*: Sterling 0.0360 US dollars 1 1230 NEW ZEALAND: Sterling 0 5583/0 5532 US dollar 1.0106/1.0006 Ninety-day airmail buying rates: Sterling
      55 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      149 4 The Love of ne n w :.r° lH r-" v >■? >/ Sv-C i i v«? I »V* Kenneth Lo Kannath Lo, tha wall-known ChbwM cooktry writer, tntroducaa the mdw to tho tarhnlqiiaa aI Chlnaaa cooking, and gtvaa an Inalght Into tfialr unkqua way of aatlng. Beginning wttti almpto onodtah
      149 words
Page thumbnail Page 5
  • TRANSPORT
    • Article, Illustration
      Plastic facility puts Vosper in top gear
      520 5  -  By WANG LOOK KEAH VOSPER Singapore's expansion plans have gone into full swing with the completion of its new glass reinforced plastic (GRP) facility. With this facility, the shipyard can now build small, fast patrol craft In any accepted material. The installation of
      520 words
    • Article, Illustration
      THE DURIAN ON TRIAL
      87 5 PRO MET recently launched a twinscrew harbour and coastal tug for the Indonesian Department of Sea Communications. The tug, sixth in a series of the same design, was launched at the company's Pandan Road shipyard. The 28.7-metre long tuboat, "Selat Dorian," is capable of doing 10
      87 words
    • Article
      Lock icon New Zealand keeps Continental waiting
      113 5 AP CONTINENTAL Airline's proposed United StatesNew Zealand air service remains a distant prospect following talks between the airline and New Zealand officials in Wellington. The leader of the Continental team, Harvey Wexler, would not state a tentative starting date but sources say the American airline
      AP  -  113 words
    • Article, Illustration
      SHIPS IN PORT
      394 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bam (Tanker) (1100) 15/16 Barge Brunei 72 (1400 alongside Ocean Breeze) 25/26 Friesensteln (0600 Group I on board) 31/32 Ocean Breeze (i 300) 25/26 Ocean Supply (B. Barge) (after Cherry Vilja) 48 Perlis (after Straits Hope) 21 West Rasa Sayang (0800 after
      394 words
    • Article
      Lock icon Bunker fee lowered
      64 5 Reuter THE Australia Northbound Shipping Conference said It will lower its Australia to Japan/Korea bunker surcharge to 8.96 per cent from 9.25 per cent, effective June 1. Besides the Japan and South Korea surcharge, the conference will also lower its Australia to the Philippines, Hongkong and Taiwan
      Reuter  -  64 words
    • Article
      Lock icon US fish processors raise legal storm
      198 5 AP AMERICAN fish processors are raising a legal storm over foreign floating factories buying catches from US fishermen within the new 370-km economic zone. The fish processing firms filed suits In Seattle and Washington DC on Tuesday to challenge government policy of allowing foreign
      AP  -  198 words
    • Article
      Lock icon Federal aid issue generates noise
      394 5 NYT THE American airline industry has reported that It might require more than US$7 billion (5516.1 billion) to meet noise standards In the 1980s, but the chairman of the Senate commerce committee challenged the companies to justify their need for Federal help. In the House
      NYT  -  394 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      162 5 UPI TIME charter business continued to bolster the firm freight market tone as single voyage fixing remained in short supply. Most bookings Involved tonnage In European waters. Y amashi ta -Shlnnlhon took the "81,828 dwt ZwlJndrecht at U557,500 (5517.550) per day for an end-May trip from the
      UPI  -  162 words
    • Article
      Lock icon Servicing US F-111 bombers
      54 5 AFP BRITISH Aerospace has announced a contract for the maintenance of US F--111 bombers based in Britain. The deal covers aircraft at Lakenheath in Suffolk forming part of the Natoforces. The contract is initially for £1 million (854.2 million) but the company said the figure could
      AFP  -  54 words
    • Article
      Lock icon Entebbe to Nairobi run
      58 5 AFP UGANDA Airlines is to operate regular passenger flights between Entebbe, the Ugandan capital's airport, and Nairobi. The airline will also Introduce Entebbe-Kigali (Rwanda) services, the Kenya Radio Kampala said. The flights, to follow the commissioning of a Fokker F27 Friendship aircraft, will be the first
      AFP  -  58 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      636 5 ARRIVALS Service Local 11 Operator Number Time From MAS MH807 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP QIA OA980 1030 HLP 8LA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL OIA GA944 1055 PKU OIA GA908 1100 MES QIA GA895 1110
      636 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      137 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Coll us to. I 'OU, local or onward reservations -u EXCITING NEWS! Please turn to page 74/75 in this issue of The Craft of Sound. Yes, you may be the lucky reader to win a SONY DYNAMIC SYSTEM F-11 worth $1,*****
      137 words
Page thumbnail Page 6
  • Article
    EDB's services not that bad
    614 6 INVESTMENT services in Singapore can hardly be as bad as Mr Darry Sallm, head of Japan's Trade and Investment Division (South-east Asian Centre) has made them out to be. They may not have been perfect, of course, but there are limits to everything. The Economic
    614 words
  • Article, Illustration
    Lock icon Adaptors are living off the inventors' discoveries
    1524 6 In terms of new patents, Japan is now one of the top four countries in almost every industry The Economist IS IT better to be a nation of adaptors than of great scientists? Since 1945 Britain and America have won 70 per cent
    The Economist; Sources: US National Science Board Science Indicators  -  1,524 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      370 6 sinGopura FORUM HOTEL W Orchard Road, S'pcra I. Tal: 8711* 405/407 Havelock Road, S'pore 3. Tel: *****1 Sze Chuan Room A TREAT OF SZE CHUAN FOOD AT THE SZE CHUAN ROOM Is a heavenly delight prepared with care In the meticulous tradition of Sze Chuan Cuisine. You'll relish the fare
      370 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 |W£:ftT=HEßl OUTLOOK for Singapore from 6a.m. to noon today: mainly fair. Report for 24 hours prior to 7.30 p.m. on May 25 at the airport. Maximum Temperature 32.9° C Associated Humidity 53 Minimum Temperature 24.4° C Associated Humidity 98 Hours of Sunshine 10.85 Rainfall in Millimetres nil Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      255 6 tv&radio SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Departure at Night a Mandarin film (Repeat) 4.40 Intermission 6.05 Opening announcements followed by Exercise with Gloria 6.30 News in Brief 6.35 The Tony Randall Show Case: Facing Up vs Hiding Behind the i Drapes 7.00 Tinjauan (Malay-Repeat) 7.30
      255 words
Page thumbnail Page 7
  • Article, Illustration
    Lock icon Shetlands keep oil boom at arm's length
    1017 7  -  By PETER GRIFFITHS Reuter IT STARTS at Aberdeen Airport American, French and Norwegian accents, young men in hard hats, stetsons and cowboy boots. Tall, unshaven helicopter passengers queue for bright orange survival suits as loudspeakers call their names for the rigs like a
    Reuter  -  1,017 words
  • Article
    Lock icon A NEW GAME CALLED CLASS STRUGGLE
    884 7 NYT -w By CAREY WINFREY you are a Marx**"lst, your appointment to head a department at X State U has become a j political Issue. Forfeit two rolls of the dice." In "Class Struggle," a new game that Is a sort of Marxist version
    NYT  -  884 words
  • Article
    STRAWS IN THE WIND
    803 7 DO YOU test Jade by the time-honoured Chinese Grandmother's Method? One art connoisseur I know gets quite a giggle out of this method, which as you know entails tying a strand of human hair around the Jade piece and holding it over a candle. It Is
    803 words
  • Article
    Ins and outs of the zig-zag
    782 7  -  FORUM, f ••OD economics By LEONARD SILK THE worst economic news of the moment for President Carter and everyone longing for a simultaneous decline in inflation and unemployment is that the Phillips Curve is back." In 1958, Alban William Housego Phillips, a British economist,
    782 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      324 7 Vi i ac.. Lunch TODAY. ..OKOH > 7 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 yj y You 11 feast like royalty at the Rang Mahal, Palace
      324 words
  • Page 7 Miscellaneous
Page thumbnail Page 8
  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Early gains cut
      577 8 TOKYO Source: DBS Daiwa PRICES went up slightly yesterday, in spite of the decune on Wall Street. However, earlier gains were reduced toward the close due to Drofit-taklng. investor enthusiasm centred on issues with Incentive news, and also large capital heavy electrical*. Hitachi was heavily traded due
      Source: DBS Daiwa  -  577 words
    • Article
      Sydney
      332 8 THE market yesterday closed at Its strongest this week with big gains for some mining, industrial and speculative shares dealers said. BHP rose 22 cents to $6.92, the Bank of New South Wales eight to $5.96 while mining stock Utah and Consolidated Gold Fields rose 15 and 10 to
      332 words
    • Article
      Manila
      112 8 THE market closed mlxec yesterday with mines and oil rising but commercials slighth lower, dealers said. MAY 2S Pesos Acoje Mining .01 •0.0005 Atlas Con. A Atlas Con B 18 20 +0.5 BaguloOold 0084 -*-0 0002 Benguet Con B 27 00 BF Goodrich 18 00 *05 CDCP 17 00
      112 words
    • Article
      Bangkok
      148 8 may 2s Bah la Asia Fibre 258 .1 Bangkok Bank 37S unch Bangkok Invest. Bangkok-Metro- 362 unch politan Bank Bata 720 unch Berll Jucker 404 -24 Carpet Intnl 349 4-1 Charoong Thai Wire 298 ♦3 Dumex Duslt Thani Faber Merlin First Trust 426 -6 Genera Finance Indo-Thal Industrial Finance
      148 words
    • Article
      Paris closes higher
      331 8 EI'ROPEAX MARRETS EUROPEAN bourses closed generally lower on Wednesday. In PARIS, however, the market closed 3.2 per cent higher following buying spurred by the planned draft law on capital gains approved at a cabinet meeting, bourse sources said. The market was also underpinned by the first day
      331 words
    • Article
      Frankfurt
      226 8 may u Dm Aef-Telefunken 80 40 Akzo 26 70 -O.J AllzLeben ..810 AJli Vers .443 -1 BASF 137.20 -0 5 Bay H T Wbank ..279 Bay Vbank 289 10 Bayer 139 -0.2 BBC 283 -0 5 BMW 226 50 >0.5 Cassella 337 -3 Chem Verw 238.50 >0 S Commerzbank
      226 words
    • Article
      Amsterdam
      216 8 MAY 24 Fls ABN 354 00 -2 Ahoid 106 50 Akzo 28 70 -0.5 AMEV 85 20 -0.9 Am fas 113 70 unch Amrot Bank 78 50 -0.4 Bergoss 4« 00 -S Herk 100 80 ♦0.8 Bols 71.20 -13 BorsumlJ 162 00 -2.5 Burhmann 71.20 -0.5 Byenkorf 89 50
      216 words
    • Article
      Jo'burg
      380 8 GOLD shares drifted easier towards the close In dull trading on Wednesday following declining bullion Indications. Dealers said the market closed early ahead of the presidential address. Mining flnanclals were mostly firmer in delayed reaction to the week's rise In producers. Am Oold rose 70 cents to 2970 while
      380 words
    • Article
      Paris
      288 8 MAY 14 Frj CORBEILL£ Air-Liquid* 308 80 413 S BS N Gervals Danone 533 It C8 F (Thomson Cs») 2*7 50 *5 5 CleFrancatse desPetroles 127 30 +0 5 Compagnie Financlere Compagnie Generale 352 50 +4 5 Credit Fonder Dp France 340 1-6.5 Hacheti< (Llbralrte) 189 +8 Machines Bull
      288 words
    • Article
      Zurich
      185 8 MAY 14 Francs Actions Sulsses 288* -1* Alusuisse Br 1270 -20 Alusuisse Reg 519 1 Brown Boven Br 1700 unch Clba Gelgy Br. 1135 -IS Clba Gelgy P C 805 -s Cltxa Gelgy Reg 613 -8 Credit Suisse Br 2130 -20 Credit Suisse Reg 410 unch Elektrowatt Br I960
      185 words
    • Article
      Brussels
      89 8 MAY 24 Fr* FORWARD market Acee 270 ♦5 Arbed 2310 -40 Astur 640 Brascan 492 •1 Bru Lamb 1505 Canpac 566 Cock 428 -2 E> Bwrs 167 1 Ebes 2315 >130 Electrobel 6270 -70 Qb-Inno-Bm 1970 >20 Gev 1308 >2 Hobok 2180 -20 Petro 3880 >30 Ryt Dutch I860
      89 words
    • Article
      Lock icon Hongkong
      421 8 Source: Sun Hung kai THE market yesterday fell a little tn early trading but selling was only fight and the 2.50 point drop on the index was mainly due to a lack of lncenu,v* and the continuing slide on Wall St. Trading was moderately active In the first session
      Source: Sun Hung kai  -  421 words
    • Article
      Inflation pulls the market down
      1177 8 NEW YORK THE market's rout continued on Wednesday as profit-taking and Inflation fears pushed stock prices lower for the second day. Analysts called the setback a normal correction to the rapid advance from mid-April The market had "run a little too far too fast," commented
      1,177 words
    • Article
      Toronto
      282 8 SHARE prices closed sharply lower in active trading on Wednesday as profit-taking and Wall Street weakness helped end a strong May rally. The Composite index shed more than nine points and losses led gains 295 to 184. All n sub-groups fell, with financial services posting the largest losses. Dome
      282 words
    • Article
      CHICAGO BOARD OPTIONS
      1319 8 May 24 VOLUME on the Chicago Board Options Exchange contracted slightly to 145,886 contracts from 146,152 on Tuesday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AtlR AUR Avon Avon-P Avon Avon-P 40 45 SO 55 00 SS 45 50
      1,319 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Wednesday 474.0' Tuesday 470 6 Week Ago 480.3* DOW JONES AVERAGE INDUSTRIALS Wednesday 837.92 Tuesday 845.29 Week Ago 858.37* LONDON DOLLAR PREMIUM Wednesday 111* to 111* Tuesday Ill* to 111% H.K. HANG SENG Thursday 470.19 Wednesday 471.14 Week Ago 458.82 SYDNEY INDUSTRIALS Thursday 427.29 Wednesday
      63 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      519 8 Political Identity ?H€ aoo* 0» KNITTING PAM DAWSON This Month's New Penguins q I Surprise: Brian Borland {TTffT^RVT Brian Burland, Penguin's latest author has an easy y mastery that can knock most of the vaunted bestsellers right out of the ring. In Surprise, the language has a convincingly salty swing
      519 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Queensland Mines impasse
      239 9 r i ASIAN k A Reuter SYDNEY: QUEENSLAND Mines Ltd Is unlikely to start building a uranium treatment plant at its Nabarlek deposit in the Northern Territory in the 1978 dry season unless the government moves very 'quickly in the next few weeks, chairman James Mlllner told
      Reuter  -  239 words
    • Article
      Lock icon Nippon Steel won't cancel
      199 9 Reuter TOKYO: Nippon Steel and Sumitomo Metal said they have no plans at present to cancel shipments from New South Wales, Australia. However a dockers' strike and congestion at Sydney and Port Kembla have forced them to change some shipping schedules and some ships are being
      Reuter  -  199 words
    • Article
      Ampol confident of record profits
      171 9 SYDNEY: Ampol Petroleum Ltd expects to earn a record profit in the year ending Sept 30 after sharply raising first-half earnings, chief executive Ted Harris told newsmen. Ampol earned a record A 510.50 million after tax in 1974/75 and $10.02 million in 1976/77, before extraordinaries.
      171 words
    • Article
      ACMIL PIPES FOR KL
      100 9 SYDNEY: Acmil Ltd said it secured an initial order to supply 437 tonnes of vitrified clay sewerage pipes to the Kuala Lumpur sewerage authority through its Malaysian and Singapore agents, Gon Ban Huat Pottery Works of Kuala Lumpur. As Acmirs sole agent, Goh Ban Huat will
      100 words
    • Article
      Lock icon Royal Dutch/ Shell to raise US$800m
      116 9 BONDS &LOANS Reuter LONDON: The Royal Dutch/ Shell Group subsidiary Shell Petroleum Ltd will shortly raise an US$BOO million 10 year loan In the Euromarket, a Royal Dutch/ Shell spokesman said. Interest will be per cent above London interbank rates for the first four
      Reuter  -  116 words
    • Article
      Lock icon MTR gets finance
      83 9 Reuter HONGKONG: Lazard Brothers and Co Ltd and Schroders and Chartered Ltd said they will provide the Mass Transit Railway Corp with a HKS2O4 million. They said the loan, the first domestic currency buyer credit to be supported by the UK's Export Credits Guarantee Department (ECGD), is
      Reuter  -  83 words
    • Article
      RANK NOTE OFFER
      77 9 LONDON: Rank Overseas Holdings Ltd, wholly owned UK subsidiary of the Rank Organisation Ltd. will offer Asl2 million of guaranteed notes with a 11 2 per cent coupon, N.M. Rothschild said as lead manager. The offer will be made formally on May 23 at an issue price
      77 words
    • Article
      Lock icon IBJ Finance Euronote
      76 9 Reuter FRANKFURT: The Industrial Bank of Japan Finance Company NV's 100 million mark Euronote was priced at 99-'/ 2 per cent with a five per cent coupon and had a life of five years and seven months, lead manager Deutsche Bank AG said. An admission application has
      Reuter  -  76 words
    • Article
      Less bright pretax profits at Ever Ready
      297 9 PRE-TAX profits of Ever Ready Company (Holdings) for the 52 weeks to Feb 25, 1978, fell from £29.04 million to £25.39 million on external sales of £194.03 million against £172.27 million after a mid-term profit little changed at £10.82 million compared with £10.99
      297 words
    • Article
      Lock icon Bid for Albright and Wilson
      182 9 AFP LONDON: A multimillionpound trans-Atlantic takeover battle looked likely regarding the future of Albright and Wilson, a major British chemicals group, following an overnight bid by Tenneco. the US combine. Tenneco already holds just under 50 per cent of the capital. It has now launched
      AFP  -  182 words
    • Article
      Mannesmann improves
      75 9 MANNESMANN AG said it achieved a slight improvement in its business in the first quarter this year, with a clearly positive turnover and revenue trend in some sectors. Group turnover was around 2.05 billion marks in Germany and about 600 million marks abroad, about the same as in
      75 words
    • Article
      Lock icon ICI expects first quarter results to fall
      218 9 Reuter LONDON: Imperial Chemical Industries Ltd first quarter 1978 results are expected to show a decline on the same year ago figures with chemical industry analysts estimates for pretax profit ranging between £80 million and i'loo million, before currency adjustments. In the first
      Reuter  -  218 words
    • Article
      Lock icon Berliner Handels
      79 9 Reuter BERLINER Handels und Frankfurter Bank recorded improved results in the first four months of this year compared with the same 1977 period, general partner Hans Gottheiner told the annual meeting. He gave no figures but said the bank's net surplus on interest earnings in the first four
      Reuter  -  79 words
    • Article
      Lock icon Kockums expects loss
      256 9 Reuter KOCKUMS AB, which reported a final 1977 group loss before tax and appropriations of 61.8 million crowns, said it expects similar group losses this year. However, the final 1978 outcome could be affected either way by extraordinary factors such as exchange rate changes following the 1977
      Reuter  -  256 words
    • Article
      Britannia Arrow cuts its losses for the year
      670 9 EUROPEAN AFTER exceptional debits of £0.56 million against £0.98 million previously the pre-tax loss of Britannia Arrow Holdings, formerly Slater, Walker Securities, was cut from £5.19 million to £3.72 million in 1977. With extraordinary profits of £2.67 million compared with debits of
      670 words
    • Article
      Lock icon Volvo may build a lightweight two-seater
      402 9 Reuter STOCKHOLM: AB Volvo may build a two-seat lightweight mlnicar with low petrol consumption for urban use aimed mainly at the US market, a Volvo spokesman said by telephone from Gothenburg. This is one of many possibilities under discussion, as the next generation of
      Reuter  -  402 words
    • Article
      Lock icon BOC INTERNATIONAL
      97 9 Reuter BOC International Ltd said it has arranged a loan facility of US$5OO million to finance its purchases of Airco Inc shares and debentures. BOC said in information to shareholders on its acquisition of Airco the loans have been raised from three British banks and the British branches
      Reuter  -  97 words
    • Article
      Lock icon Renault bullish on South Africa
      173 9 AP PIERRE Semerena. a top executive of the Renault Motor Co. said in Cape Town his company believed that South Africa would become an important market over the next decade. Mr. Semerena, director of Renault France's overseas division and Jacques Ramondo. Renault's director of its
      AP  -  173 words
    • Article
      Acquisition by McDonnell Douglas
      331 9 N.AMERICAN McDONNELL Douglas, the major U.S. aerospace company, has announced agreement in principle to buy a manufacturer of data processing equipment as part of its diversification into the electronics business. The company will acquire Data 100 Corporation, based in Minneapolis. for a price which a spokesman
      331 words
    • Article
      Lock icon WELLS FARGO CONFIRMS PERUVIAN PAYMENT
      242 9 Reuter WELLS Fargo Bank confirmed receiving a late US$l5 million loan payment from Peru, while Occidental Petroleum, a large Investor in Peru, said it recently advanced $25 million to the country. Both companies made the disclosures In response to Reuters' Inquiries following a New York
      Reuter  -  242 words
    • Article
      Firestone Tyre earnings drop
      135 9 FIRESTONE Tyre and Rubber Co announced net operating earnings per share of USSO cents vs 63 cents for the second quarter ended April 30, 1978. Operating earnings came to $28.6 million against $39.3 million previously on sales of $1.2 billion against $1.1 billion previously. First half
      135 words
    • Article
      Nabisco revision
      79 9 NABISCO Inc said it revised the record date for its regular quarterly US34-1/2 cents dividend to June 16 from June 19. The payment date, July 10, remains unchanged. The deferral was made at the request of the New York Stock Exchange in order to provide time for settlement
      79 words
    • Article
      Revlon rise
      29 9 REVLON Inc said it raised the quarterly dividend USS cents per share to 32-1/2 cents, payable on July 15. to shareholders on record as of June 15.
      29 words
    • Article
      Mobil Oil may grow tomatoes
      259 9 MOBIL OIL, one of the major "U.S. oil groups. Is considering building a £11 million tomato-growing complex alongside Its oil refinery in the Thames Estuary. The project could become one of the biggest glasshouse developments in Europe, covering some 32 hectares next to the Coryton
      259 words
    • Article
      Lock icon Kennecott win
      155 9 Reuter KENNECOTT Copper Corp.. engaged in a bitter struggle to thwart a takeover attempt, said its slate of board of directors won an election which leaves the company in the hands of Kennecott's management team. It said in a statement that the inspectors of election had advised it
      Reuter  -  155 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      123 9 10 V M in PAN Paperback LE CAKE THE HONOURABLE SCHOOL' 1 MIS I A Tf:ST WORi DBESTSEIII R THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME l'he illinium* espionage novel I>ind«»n. Hongkong, \ientiane are the settings and (ieorge >mile\ and company are hack It is hard
      123 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1467 10 BID and offer prices officially lifted and business in and to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the wo"sett Big Board deal (in krt*
      1,467 words
    • Article
      Government bonds
      91 10 4 3/4% 15/0/00 250.000) (100.478 100.508) 5« IV4/S1 (250,000) (100.MB 100.758) 5% T F 1/5/53 (250,000) (100.458 100.558) 5 V 4% T P IKWOI-84 250,000) (102.008) 7 1/4% 15/4/04 (250,000) (100.20B) 7 1/4% 15/10/54 (250,000) (100.70B) 7 1/4% 1/5/57 (250,000) (100.70B) < V 4% T P I*7/87 (250,000)
      91 words
    • Article
      Stock options
      154 10 •STRIKING prices of the stock opUons officially listed on the Stock Exchange of Singapore the periods, bid and offer prices and business done yesterday, with the number of opUons traded shown In brackets. Cold Storace (June $1.70) (0.568 0.658) (Sept $1.70) (0.588 0.738) C ami C (Sept $2.20)(
      154 words
  • Article
    Unit trusts
    143 10 MNOAPOM UNIT TBU8T Cmm' w*~ hN«l) INCOME BOND UNIT (Cui prim) INCOME BOND 1.06 The Commerce The Baring Fund 1.M l Otsd 1 .20 1.27 1.11 S pore Prof Fund S'^cH-eSecurlty 0.98 103 1-06 1.12 MABA BUMIPUTBA FUND (MaMCan* price, for Mav K S pore In treat Fund
    143 words
  • Article
    SHARE INFORMATION SERVICE
    2479 10 1978 Hifh Low Company Laat Sale +orGr'. Dhr Dhr Crr Gr'* YTd Nat P/E Vol Day C080) Hlgk Low 8ECTION ONE '■< INDUSTRIALS 189 213 161 225' 83 207 235 V.* 193 402 422 132 123* 112 195* 60 Vi 162 173* 144 256 394 Acma Alcom
    2,479 words
  • Article
    In Kuala Lumpur
    1883 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. INDUSTRIALS A*ma (1.80B). AJlnamata (2.438 2.508). A lawn (2.178 2 208) (2)
    1,883 words
  • Article, Illustration
    Some stocks move higher
    821 10 SKLBCRDtMBinwMi trongly ahead speculative interact while other* {altered altar an early maniac raUr mum the hoard. Share price* generally eloeed at their overnight levels deepite active interest on the Stock Exchange at Singapore yesterday. On balance, ilsrllnss —itrhsd advancee. Volume was still high although trading was
    821 words
  • Article
    KLSE focuses on favourites
    704 10 BETTER Interest saw the Kuala Lumpur Stock Exchange finishing on a fairly steady note. Trading was fairly selective with prices generally closing off the day's best. Although market conditions were steadier, traders remained cautious and were generally hesitant. As a result, most of the business done
    704 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      Losses at Hotel Negara heavier than expected
      501 11 HOTEL Negara has sunk deeper into the mire with its results for the 12 months ended Dec 31, 1977. The pre-tax loss of $223,255, almost doubled that of 1976, may come as an even greater disappointment since the company had forecast a loss
      501 words
    • Article
      COMPANY MEETINGS
      372 11 Selangor Properties Bhd: AGM to be held at Wlsma Socfln, Jalan Semantan, Damansara Heights, Kuala Lumpur, at 10.00 a.m. on May 26. Apollo Enterprises Ltd: AGM to be held at conference room of Apollo Hotel, 18th Floor, Havelock/ Outram Roads on May 27. Ben and Company Ltd: AOM
      372 words
    • Article
      DIVIDENDS ANNOUNCED
      802 11 Current Ex payment Date Books close Date payable Total forTotal for the yearprevious year M. Cables Intraco Dun lop Industries High Low Kulim Sime Darby MBS King's O.U.L. Loaa George Kent SbeU UE (Pref.) UE (Ord.) Kinta Xellas C and C Sembawang Shipyard Kucha! Jardiaes Hongkong Land FELS
      802 words
    • Article
      SCRIP ISSUES
      192 11 Company Particulars Ex Date Books Close United Plantations Bonus Issue of 1 for 10 May 20 Jun 7 Main Bonus Issue of 1 for 3 May 30 Jun 0 TUCIni Bonus Issue of 1 for 3 May 31 Jun 10 Bonotoodco Rights Issue of 2 for 7 Jun
      192 words
    • Article
      Perak Carbide reiterates stand on disclosure
      335 11 PERAK Carbide has reiterated to the KLSE its stand that disclosure of certain information requested by the latter is against the company's interest before all negotiations are completed. The exchange had requested Perak Carbide to provide monthly sales and production capacity figures for the
      335 words
    • Article, Illustration
      UMW stock traded beyond its worth
      971 11  -  •y MANO SABNANI STRANGE are the ways of the market, and the current strong interest and sharp price appreciation seen In the shares of United Motor Works (Malaysia) (UMW) appear lootno exception. Since the announcement on April 17 that the group's pre-tax profits amounted
      971 words
    • Article, Illustration
      Bovis shareholders' funds thinning out
      779 11  -  By ARTHUR NG UNLESS able to obtain a speedy solution to its heavy financial burden, Bovis (South East Asia) will continue to wallow in the mlr e of losses. The company now reports further group attributable losses of MSB.3 million for the year ended Dec
      779 words
    • Article
      SHC lowers dividend rate
      149 11 Sin Heng Chan (Malaya) yesterday announced a one-for-four bonus issue and a first and final gross dividend of 10 per cent for the year ended Dec 31, 1977. The company said the five point cut In the dividend was necessitated by the need to conserve cash
      149 words
    • LATEST RESULTS
      • Article
        Pan Malaysia Cement Works Bbd.:
        27 11 Unaudited pre- tax profit of MJ3.23 million ($4.46 million) for year ended March 31, 1978. Proposed second interim dividend of per cent.
        27 words
      • Article
        Pan Malaysia Rubber Industries Bhd:
        20 11 Unaudited pre-tax profit of M 54.65 million (94.44 million) for year ended March 31 1978.
        20 words
      • Article
        Perlis Plantations Bhd:
        41 11 Unaudited croup pre-tax profit of M 513.3 million (7.38 million) on sales of $135.9 million ($140.46 million) for half-year ended March 31, 1978. Company pre-tax profit of $1.3 million ($0.38 million) on sales of $5.9 million ($5.46 million).
        41 words
      • Article
        Yea Hiap Seng Ltd:
        68 11 Unaudited group pre-tax profit of $2.33 million ($2.55 million) for the six months ended March 31, 1978 on sales of $20.23 million ($17.39 million). Total consolidated pretax profit including share of pre-tax profit in associated company Yeo Hlap Seng (M) Bhd. and its subsidiaries of $3.73
        68 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      599 11 PAN MALAYSIA CEMENT WORKS BERHAD Preliminary Announcement of Profits and Dividend The unaudited net profit before taxation for the year ended 31st March 1978 amounted to approximately $3,230,000 as compared to $4,457,452 for the previous year. Provision for taxation is estimated at $1,330,000 as compared with $1,810,000 previously. The company's
      599 words
Page thumbnail Page 12
  • Article
    Lock icon Steel price to go up 7pc if inflation stays
    454 12 UPI AFP AMERICAN steel industry will have to raise prices at least 7 per cent more this year if the inflation rate does not drop, said US Steel chairman Edgar Speer. "Assuming an 8 per cent inflation rate and what's (the
    UPI; AFP  -  454 words
  • Article
    Lock icon EURODOLLAR CD HIT BY RISING RATES
    312 12 Reuter THE RISE In US interest rates is seen by British bankers as the main factor behind a slowdown In the growth of the London Eurodollar certificates of deposit market. Total dollar CDs outstanding were U5521.90 billion (5551.25 billion) in mid-April, according to Bank
    Reuter  -  312 words
  • Article
    Lock icon Yen bonds weakening
    523 12 Reuter PRICES of yen-deno-minated bonds floated by foreign issuers have been falling on the Japanese secondary market, reflecting a decline In foreign investor interest after the yen's recent fall, Japanese securities sources said. For example, the over-the-counter price of the 6.7 per cent, 10-year bond issued by
    Reuter  -  523 words
  • Article
    LONDON STOCKS
    786 12 LONDON.Thurs.— Prices closed firm after ICI'» higher than expected first quarter results and at 3p.m. the Financial Times index was up 4.8 at 478.8. Short-dated government bonds firmed up to H after news that minimum lending rate will be set on consultation with the Chancellor of the Exchequer,
    786 words
  • Article
    Lock icon Another Asean trade barrier must go
    167 12 Reuter THE LIFTING of another barrier to freer iatrt-Aieu trade marginal deposits on import* has been urged by the chairman of the Aaean Federation of Pood Processing Industries. Jose Conception of the Philippines said yesterday he understood that Indonesia is already considering the practice
    Reuter  -  167 words
  • Article
    Lock icon Riyal loan approval request
    108 12 Reuter THE SAUDI Arabian Monetary Agency (Sama) has asked major international banks to refrain from arranging syndicated loans in the Saudi currency, the riyal, without its prior approval. Sources said in Bahrain the move followed a spate of syndications In the riyal, mainly on behalf of
    Reuter  -  108 words
  • Article, Illustration
    Lock icon Disaster for all if the strong remain stagnant
    674 12 Agencies IF JAPAN and West Germany continue to remain stagnant, the world will face growing unemployment and protectionism, with disastrous results. This warning was sounded by US Treasury Secretary, Michael Blumenthal on Wednesday when he called for international cooperation to stimulate the
    Agencies  -  674 words
  • Article
    Lock icon Liberalisation of trade requires safeguards
    411 12 AP US negotiator Alonzo McDonald said on Wednesday world trading rules must be changed to Include safeguards against problems that will result from the trade liberalisation sought in the Tokyo Round negotiations in Oeneva. He said one of the alms in Oeneva was to reform
    AP  -  411 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      66 12 NOTICE To the holders of the floating rate U.S. Dollar Certificate* of deposit due 29th November, 1980 The Sumitomo Bank, Limited Ground Floor, DBS Building, 6 Shenton Way, Singapore 1 We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest period becinninc
      66 words
    • Advertisement
      Page 12 Advertisements Column 2
      870 12 Incorporated with Limited Liability in the U.S.A. CONSOLIDATED STATEMENT OP CONDITION Decggerjl IW7 1976 CUSTOM) ASSETS Cash and due from banks I 3,587,870 2,736,737 Money market investments Interest-bearing balances with banks 3,273,425 4,340 879 Other investments, Including federal funds sold 931,044 457 903 Trading account securities, net 290 964 300
      870 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    3152 13 BCHEDPLE A guide to ships loading at Singapore for Ports arountf the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates bf arrival and departure from Singapore port t CaHnrHnim ScanDotch hu a Joint aer•mngtmemt
    3,152 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      396 13 Scan Dutch V Fast and Regular Service To/ From N.C./SCAN/W.MED./JU.K. 5 very 10 Days. Port Ketang Tel. *****1, Ku«^u»np»rT«</ *****, Penang: Tel. ***** SHIPPING 1+) EVERGREEN LINE REGULAR RED SEA UNER SERVICE ETAS'PORE EVER HARVEST Jwi 20 VOY. It-OS* EVER PROMOTER My 13 VOV. 17-ICM LOADING FOR JEDDAH. AQABA, PORT
      396 words
    • Advertisement
      Page 13 Advertisements Column 2
      365 13 u J -> SHARJAH SHIPPING CO. LTD (UNITED ARAB EMIRATES' GULF PEARL 22/24 Mm GULF PROSPERITY 2/4 Mm 7/9 tana Penanj Loadinf for Dvtai/AMO ft flHll SHIPPinG Line nnu jnirrn iv? ui rc iUNITED ARAB EMIRATES' GULF SHIPPING LINE (UNITED ARAB EMIRATES) P Retain Penang •GULF MAJESTY 7/9 teat 10/12
      365 words
    • Advertisement
      Page 13 Advertisements Column 3
      425 13 ;D Seatrain Lines Inc (USA) Trans-Pacific Service Full Container Service To USA FEEDER VSI S PORE ft VESSEL 27/5 (VESSEL 14/4 MOTHER VSI Sutran h« ou u ship e/c 1/4 25/4 27/® 5/7 N/7 Cwtrt 21/4 11/7 1/7 17/7 »/7 Full Container Service From USA MOTHER VSI E/C GULF (Mil
      425 words
    • Advertisement
      Page 13 Advertisements Column 4
      257 13 ;Q IRAQI LINE IRAQI STATt ENTERPRISE fOR MARITIME TRANSPORT \\JW SAM ICR LINES \r~ UNCI SERVICE FROM KOREA/TAIRAN/HONG KOMG TO SINGAPOCE Inchon Busan Keelung H Kong S pore SAM EUN UM SAMICK 16 May II May 25 May 1 torn SAM DONG 21 May 1 Jwm IJwm 15Juiw I KORINS
      257 words
    • Advertisement
      Page 13 Advertisements Column 5
      67 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel *****. Port Keiang: Tel.-*****1, Kuala Lumpur Tel. *****. Penang. Tel. ***** N(; London based Shipping Company wishing to'starl monthly service from I Singapore to Bombay and/or Calcutta to Nigeria and Ghana. Interested parties please contact dlrectlwlth freight,
      67 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      750 14 SHIPPING FULLY CONTAINERISED TO EUROPE rpm P.MMI trtwi rowwi OukaM 19/6 21 Hirtnn Ej*tm 27/6 llinftli tnwi 30 Mmh) 5/7 7/ 26/5 28/5 18/6 20/6 21/6. (29/6) 3/6 5/6 24/6 26/6 27/6 29/6 10/6 11/6 1/7 3/7 4/7 (5/7) 19/6 21/6 11/7 14/7 15/7 18/7 27/6 17/7 19/7 20/7 23/f
      750 words
    • Advertisement
      Page 14 Advertisements Column 2
      740 14 I 2 SANKYO LINE] AUSTRALIA SERVICE MM** Siw« yUE Riven IN POUT 27/21 May FRC. W)EU MEL. STO SEA BLOOM 4/1 teat 7/0 J>M AOCL, MEL, SYD BANGLADESH SERVICE MAY PRINCE SAILED SAILED CHITTAfiONS, CHALUA GENERAL AGENTS CONTAINER BOOKING LOAO AGENTS P KELANG PENANG OCEAN SHIPPING I ENTERPRISES PTE LTD
      740 words
    • Advertisement
      Page 14 Advertisements Column 3
      473 14 SEA m LAND 40TH FLOOR HONG LEONG BIOG 16 MFFIEf QUAY SiHGtrOHF Custom*, Ser»ice Booiunj *****?? Terminil 257 n "j3 *****37 FULLY CONTAINMISED SERVICE Go on* better to tho Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS THAMA KOBE KAOSHIUNG JEDDAH DUBAI DAMMAM KUWAIT B. SHAHPUR IALSO ACCEPTING CARGO
      473 words
    • Advertisement
      Page 14 Advertisements Column 4
      818 14 Everett Lines fW "BURMESE NATIONAL LINE M LQMMNC f <* MMOON Sm l* PMASMWEGYAWYWA 1/10 4 B F.S.S.C. Agant* in Motaysio TEPS MALAYSIA WA Port Kelong T«l (38)-7355 Peoong T«l *****/***** Borma Fivt Star Shippinfl Cerpn. Compania Argentina Do Navagacooa Intercontinental S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING FOR
      818 words
    • Advertisement
      Page 14 Advertisements Column 5
      586 14 mm JARDINL AN I H Orient Overseas C<micu*ieA Line FULLY CONTAINERISED SERVICE S. SEAS BMOfiE IX OMENTAL RESEARCHEI CMEMLIER PAUL 111 NEPTUNE COtAL 7E NEPTUNE KAIL 9E CHEVALIER ROZE 9E EUROPE (VIA SUEZ) 6/6 10/6 12/6 12/6 16/4 11/2 19/6 23/6 2S/6 25/6 29/ 6 1/3 7/7 10/7 12/7 14/7
      586 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1065 15 OCL Overseas Containers Limited cmtainersiiip soma to ik/contiknt: TMJI tXPtEU THAMES HUH SUM MY NAMUIS EIPMSS HMHN EINIU UVIIN M* IREMEN EVHU THT« MY HUIKI Hburg R'djm le S pore P. Kelang 0 «urk Brem. Aaerp Havre 20 May Ma> II lea M l) M 0 Ml Jaa M H
      1,065 words
    • Advertisement
      Page 15 Advertisements Column 2
      1250 15 Ben Ocean A pat serncecf Ben line. Bhe FUnnel Gten Une and NSUO pn Ujl STRAITS EXPRESS CONTAINER SERVICE Leadiag tar New Twt, East Ciot a*d 6*H p*m lr Mtoe-Mißßrißßd. In Aage let, lu Fraaosc* mi SaittM. SINBAPCM P. KeUnf L Aageles Atl/Gwff IM (Disc*) COntctt P. POLK' M Mar
      1,250 words
    • Advertisement
      Page 15 Advertisements Column 3
      894 15 nm LJU BEN LINE CONTAINERS LIMITED UIMI.I (I mil units Ctrwq lMtl.l •mm Franc* All U.K. Stand matt* 28 Mm 74 Mai I >4 Im. 7* toM 21 toM (28 im: It toM 1 laM S toM M i*M J* toM tow n JM* 1) toM HBUKG B'MAVEN IT DAM
      894 words
    • Advertisement
      Page 15 Advertisements Column 4
      1110 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA F««i <>«■ p. Miant Vessel ELEANOIA II Si sELANBIA FRANCESCA I NIMH ELEANB'A 11/ I NEB BEJIMA FIANCESCA U/ 0 ELEANOV IS 0 FUMtSCA 4/ I RORRICAN 1) larcalaM, (ihi 2) Aasterßaa. Aem-a. Lt Hint. Bitot tail*, SaatbaawtM LittffMl. Ua.tta
      1,110 words
    • Advertisement
      Page 15 Advertisements Column 5
      568 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. &ARS FM E. S. AFRICA FORTUNE ITU (Maaritiio. Reiiton, Mombasa, Tina. Mamnp. Durban. 1.L., PI.. Capetown) Koantan 1/ 9 Mi P. Relent It/11 Jm S'pof* 1/ I Mm FVMt IftCT ft INTI AFIICA FM IUIUt. MARIU IRIStANK Penanj P. Kelanf S pore 2/
      568 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      752 16 K LINE KAWASAKI KISEN KAISHA. LTD UCMTAIKX i|W MCKATK nr OMtNiAI CHIEF MT SOW SEAS (VIA SUEZ] IT CMrtJixr Vbsmls to nmon S'aore P. Wang L.Havre H'burg Bremen R'dam A'-ern 2 lai ])m 22 Mm 24 MM 25 1m 2S IM 21 MM IMM 9Mm 21 MM 31 MM 1
      752 words
    • Advertisement
      Page 16 Advertisements Column 2
      864 16 R JUMABMOV fc SONS P T G 1 ITD Singapore T#i 91 25' 1 5 i-n«« AGENTS UBAIDULLA CO SON BMD Tel JBB I 6 R JUMABMOV SONS M SDN BHD Parana T el *****6 8 SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER A SAFE WAY TO 9MT BY SSA
      864 words
    • Advertisement
      Page 16 Advertisements Column 3
      1066 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: TO EWWt (VIA SKZ)* MWUm COMTAIHEKt MERCATOR ORIENTAL CHIEF SEVEN SEAS HIKE ORIENTAL RESEARCHER CHEVALIER PAHL NEPTUNE CORAL S pore P. Kelang Shamptoa H'burj Brern. )BM 3IBM 21 25 T* I JaM sjbm 2»Jmn IJS 11 Ji»T 12 My II Jim 3MI ntm
      1,066 words
    • Advertisement
      Page 16 Advertisements Column 4
      613 16 M 7/7, MALAYSIAN HiTfPHATtOHAI SHIPPING CORPORATION BSPHAD EXPRESS FULLY CONTAINERISED SERVICE EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT BUNCA TANJONt T|. Mini P. K»'»«! Penanf Lull| far: li Pert a/11 Mar 1/ 2 Jaae Bionj 17/6. Co.il/Lpool 23/6, Hburf 29/6, Rdam 3/7, A»er( 6/7, LHavre 3/7, LOon 9/7. 11/11 Im 14/16 Jm
      613 words
    • Advertisement
      Page 16 Advertisements Column 5
      732 16 t INTRASEA (PTE) LTD. f .it>er Hou'.» O". H .rc Ro.»c: V'm; o Telephone 1 y *<>" W KMUUt INKKNBENT SOM/FHI CHTAINEI SERVICE Tl EIHPE S port P. blM| Ptnanf LaMaM f AEGIS ATMHIC I* Part MiM •M.V. ESTEBIIC* (CMtr. Mia) »Nq M'uil-tB/rta (UXI/ notasia «MI 11 la I la
      732 words