The Business Times, 31 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 31, 1978 SO CENTS
    11 words
  • BRIEFLY...
    • Article
      Asean's Tokyo Round
      55 1 TOKYO, Tues. Japan and member states of Asean began three days of talks here today on the Tokyo Round of multinational trade negotiations. Japanese government officials said talks are expected to centre on demands for Tokyo to cut import tariffs on agricultural and marine products to boost
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    • Article
      Lock icon Eye to eye
      62 1 AP WASHINGTON, Tues. President Carter and Chancellor Helmut Schmidt of West Germany agreed today to seek a coordinated consistent approach to major economic problems facing the industrialised nations. A White House statement issued following meeting between the two leaders said the agreement developed during a review of
      AP  -  62 words
    • Article
      Lock icon Swiss credit
      73 1 Reuter MANILA, Tues. The Philippines has negotiated an agreement with Switzerland for a supply and services credit facility worth US$6l.5 million (Ssl42 million), the Finance Department said today. A spokesman said under the contract, credit to obtain Swiss capital goods would mature in 10 years at an annual
      Reuter  -  73 words
    • Article
      Lock icon No cash margin
      59 1 Reuter TOKYO, Tues. The Tokyo Stock Exchange said eight Japanese stock exchanges will abolish a 10 per cent cash requirement In margin trading for most stocks, from tomorrow. It said the overall margin requirement of 40 per cent will be unchanged. The exchanges Involved, besides Tokyo, are
      Reuter  -  59 words
    • Article
      Lock icon Favourable terms
      75 1 AFP CANBERRA, Tues. Australia today announced details of a further overseas 10-year loan worth Asll7 million (Ss3o4 million) raised in the Netherlands. Treasurer John Howard said the borrowing, carrying an interest of 7.625 per cent, was negotiated with the Amsterdam-Rotterdam Bank. Mr. Howard noted that the recent decline
      AFP  -  75 words
    • Article
      Buying timber
      45 1 KUALA LUMPUR, Tues. Libya Is Interested in buying timber from Malaysia on a long-term basis, Foreign Affairs Minister Tengku Ahmad Rithauddeen said today. Details would be discussed tomorrow. Is also Interested in participating in Malaysia's development programme through Investments and joint venture projects.
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    • Article
      Lock icon Soaring surplus
      64 1 Reuter TOKYO, Tues. Eight leading Japanese business houses said today they believed Japan's trade surplus for the financial year (from April 1) would soar above the government estimate. Their predictions for the trade surplus, on a customs-cleared basis, ranged from US$lO billion to $14 billion (Ss23 to $32
      Reuter  -  64 words
    • Article
      Lock icon Dow Jones
      52 1 UPI NEW YORK, Tues. Stock headed lower early today in relatively light trading amid Investor concern about rising interest rates and inflation. The Dow Jones Industrial average was off 1.90 points to 829.78 around 11 a.m. Declines led advances, 555 to 413, among the 1,443 Issues crossing the
      UPI  -  52 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      130 1 Rises Most active Bouateadco 225 +24 Pan Electric 370,000 Miiu Fmilla 202 12 UOL 337,000 F E Levinga ton 298 11 Pahang Cona 279,000 NtayufPmi Sin Chew 287 +9 Haw Par 101,000 286 +8 JC-MPH 140.000 Tan Choog Premium Hldga PMHMft Strait* Trading A Enterprise* 270 134
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    • Article, Illustration
      In Kuala Lumpur
      154 1 Falls Most active Royal 1.40 Supreme Corp 2.50 P.M.C. 3.22 Tronoh 8.20 O.C.B.C. 7.55 A. Httam (Tin) 10.30 B. Raya 2.24 Isl and Pen 2.98 M.U.Ind 2.18 Bovles Sea 0.73 C. Sugars 2.83 Rises Inch KK 4.20 Bousteadco 2.10 S. Trading 7.20 Sovran 1.70 Premium 1.40 M.
      154 words
  • Article
    NOL to set seal to $200 m order
    789 1  -  SEVERAL NEW CONTAINERSHIPS By TERESA LIM NEPTUNE Orient Lines (NOL) will sign a letter of Intent for more them $200 million worth of containerships soon. This will be the largest single order it will have made since Its Inception In 1968. The
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  • Article
    Lock icon Japan's growth on upswing
    312 1 AFP JAPAN'S economy Is back on the road to expansion, an official Indicator of economic trends, released yesterday shows. The Economic Planning Agency (EPA) said Its diffusion Index, comprising 25 different economic Indicators including Industrial production, stock prices and Inventories, stood at 60 per cent In
    AFP  -  312 words
  • Article
    KL importers losing out in sheep counting
    625 1  -  •y CHAN BONG SOO AUSTRALIAN livestock exporters have all but bypassed Malaysia for the more lucrative markets In West Asia where importers are paying almost double that of their Malaysian counterparts. But for the long-term contracts which are still in force between some
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  • Article
    Oil investment hopes
    254 1 INDONESIAN President Suharto has expressed the hope that foreign oil contractors would increase their investments In Indonesia and contribute to an Increase In production In tye coming years, the head of the state oil company Pertamlna reported yesterday. General Plet Haryono, who met with Mr. Suharto to
    254 words
  • Article
    Shares of SBS will be traded in lots of 500 units
    300 1 SINGAPORE Bus Service •hares, to be listed toon, will be traded In lots of 500 units on the Stock Exchange of Singapore. Announcing that the silotment for the public issue of 20 million shares has been completed, SBS said
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  • Article
    Publication spices up business for traders
    526 1 SINOAPORE'S splce trading community is generally optimistic that its business image will be further enhanced by the Republic's inclusion in the latest issue of the International Trade Centre's (ITC) publication. Markets for Spices. This is the first ttme that Singapore has been included in
    526 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      27 1 whatever you need in menswear,getitat... MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road W *****22 (naxt to Mandarin HoM) Branch: 101, Tanglin Shopping Centra *****40 Daily 9am-9pm
      27 words
    • Advertisement
      Page 1 Advertisements Column 2
      61 1 BIRKART FREIGHT NEWS LCL CONSOLIDATION SERVICE TO HONG KONG COMPETITIVE RATES CONTINUOUSLY ACCEPTING CARGO AT 404 PASIR PANJANG WAREHOUSING COMPLEX NEXT SAILINGS OSAKA BAY HAMBURG EXPRESS KITANO MARU KOWLOON BAY KASUGA MARU ETD ETA SINGAPORE HONGKONG 6 JUNIE 10 JUNE 14 JUNE 18 JUNE 18 JUNE 22 JUNE 25 JUNE
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    • Advertisement
      Page 1 Advertisements Column 3
      75 1 SHIPPING TIMES PEOPLE in business 2 HOPES for copper Industry recovery 3 AVERTING airline aubaidy war 5 DOYEN of Indian community larger than life 6 BROOKINGS kite out at Carter's policies 7 FORUM on worker ownership INVESTMENT income lilts K.K. Kepong PEGI surprises with bumper jjOSSES welcome unions' good' stance
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    • Advertisement
      Page 1 Advertisements Column 4
      277 1 Cool hmlthy pollution-tree driving with ▲mARUEnu COOL AiASTER .CAR AIR CONDITIONER m £7 f TT 5-11 GOLOHILL PLAZA. SINGAPORE 11 TEL *****2 240. LAVEMDER STREET SINGAPORE 12 TEL *****80 2tt3329 The Lexikon 90 combines the advantages of the golf ball and the ordinary typewriter. Lexikon 90 offers you the best
      277 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Thais ready to help in hauling containers
      603 2 THAI authorities have Indicated Interest In cooperating with Malayan Railway In transporting loaded containers from Malaysian ports to Bangkok In addition to permission already given to move cargo between east and west coast of Peninsular Malaysia through Thai territory. In the case of
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    • Article
      CALL FOR TIGHTER REIN ON REAL ESTATE AGENTS
      269 2 THE SINGAPORE Institute of Surveyors has called for a tighter control of the activities of real estate agents. It pointed out in the editorial of its latest quarterly journal that there is no statutory control of their activities except when there is
      269 words
    • Article
      Lock icon EEC bans mushrooms
      49 2 AFP THE European Commission has decided to suspend Import licences for canned mushrooms from third countries. Sources close to the Common Market said the measure Is expected to affect Taiwan and South Korea In particular, the main exporters, with China, of mushrooms to the EEC. AFP.
      AFP  -  49 words
    • Article
      Lock icon Second 'buy American' mission set to leave
      503 2 AFP THE second "buy American" mission from Taiwan Is scheduled to leave soon and will buy items worth nearly three times more than that bought by the first mission earlier this year. A Board of Foreign Trade spokesman said the tentative shopping list
      AFP  -  503 words
    • Article
      Administrative management institute opens branch here
      347 2 THE INSTITUTE of Administrative Management has set up a Singapore branch. The local branch will look after the interests of members in the Far East, including Malaysia. Brunei. Hongkong and Indonesia. The institute chose to set up here because Singapore is the first overseas
      347 words
    • Article
      MORGAN IS CHAIRMAN
      60 2 MORGAN Grenfell (Asia) has been re-elected chairman bank of the Singapore Merchant Bankers' Association at the association's third annual general meeting. The six member banks elected to the council for this year include Baring Sanwa represented by Mr. Nigel Mevllle, Dresdner (South-east Asia) represented by Mr. Rolf
      60 words
    • Article
      The tasks facing merchant banks
      497 2 MALAYSIAN Finance Minister Tengku Razalelgh Hamzah has told merchant banks that he would like to see them develop Into institutions with distinct personalities, bringing into play different approaches and methods. To arrive at this goal, the Finance Minister urged them to take stock of their
      497 words
    • Article
      MEMO PAD
      419 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 15: Compensation Employee Benefits, Hilton, POD May 29-31: Modern Techniques Strategies for Mlngt. Problem Solving, SIM, SIM May 30-June 2: Management of Sales Force, SIM, SIM May 30-June 6: Senior Management Course, SITC,
      419 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      226 2 GEO. J. Meyer, manufacturing division of the A.T.O. groups, has appointed Mr. Lau 800 Meag as sales engineer in the Far East region, excluding New Zealand and Australia, to manage Its sales and marketing office to be based In Singapore Mr. Lau. 33, a B.Sc. Chemical Engineering
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      641 2 OVERSEAS LAND LIMITED (Incorporated m Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Stockholders will be held at the Conference Room, 4th Floor, United Overseas Bank Building, 1 Bonham Street, Raffles Place, Singapore 1 on Friday, 23rd June 1978 at 11 30a.m.
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    • Advertisement
      Page 2 Advertisements Column 2
      70 2 AIR CARGO We are a well established Shipping g and Travel organisation wishing to diversify Into the specific field of Air Cargo operations. 1 We are seeking Companies which are I already established in Air Cargo acs tlvitles with a view to:. 1) Entering into a Joint venture. 2) Acquiring
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      630 2 TWO-IN-ONE CROSSWORD aiiaiimm CRYPTIC PUZZLE ACROSS I Ship's officer about to whistle? (0) 7 Capsize an open vessel (8) 8 In normal times, a beer Ingredient (4) 10 Fringes of the art world (0) 11 Take a measure that upsets a pet (6) 14 Some back money? (3) 15 The
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  • OVERSEAS
    • Article
      Lock icon US stockpile plans may save copper
      1038 3 MARKET IN BALANCE BY 1980? NYT THE US copper Industry, beset in recent years with sluggish demand, overcapacity, declining prices and dismal earnings, may be on the verge of a recovery. Zaire's copper rich mines have been disrupted by civil strife, Chile is considering
      NYT  -  1,038 words
    • Article
      Lock icon Penalties for errant EEC steel makers
      417 3 Reuter COMMON Market Industry Commissioner Viscount Etlenne Davlgnon has warned of measures to penalise EEC steel producers selling below the Community's minimum prices. He said in a speech to the Belgo-Itallan Chamber of Commerce in Brussels on Monday that his plan to aid the
      Reuter  -  417 words
    • Article
      Appropriations by firms up 3.5 pc
      127 3 THE 1,000 largest manufacturers in the US appropriated a seasonally adjusted US$l7.B billion (5540.9 billion) for new plants and equipment in the first quarter of 1978, up 3.5 per cent from the fourth quarter of last year, the US Conference Board said. It said
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    • Article
      Lock icon RISKY SUPPLY OF RESOURCES
      341 3 UPI DEEP concern In the West over recent reports of massive Soviet cobalt purchases once again emphasised the degree of US dependence on fragile Third World governments for key mineral and other basic resources. Sate Department officials said In Washington on Monday that Soviet purchases of
      UPI  -  341 words
    • Article
      Lock icon India races towards oil self-sufficiency
      663 3 NYT INDIA IS rushing to complete the development of its major oilfield, in a race towards what it hopes will eventually be selfsufficiency in oil. The oilfield is situated 160 km west of Bombay, In the Arabian Sea. Known as Bombay High, the field is
      NYT  -  663 words
    • Article
      Lock icon Bundesbank appeal upheld by court
      543 3 Reuter the west German supreme Court upheld the Bundesbank's appeal against a Frankfurt civil court ruling that the central bank should pay damages to British merchant bankers Hill Samuel and Co. over a US$2l.5 million (about SJSO million) spot foreign exchange deal. The civil court's
      Reuter  -  543 words
    • Article
      Lock icon CHAIRMAN OF ALFA RESIGNS
      160 3 Reuter THE chairman of Alfa Romeo Spa, Mr Oaetanot Cortesl, announced his Immediate resignation following a court finding against him In a taw suit brought by unions over the firm's employment policies. His resignation has been accepted. Mr. Cortesl's resignation follows years of poor labour relations
      Reuter  -  160 words
    • Article
      Lock icon Arms and oil do mix in Khaled's Paris talks
      438 3 AFP KING Khaled of Saudi Arabia arrived In Paris on Monday for a two-day official visit aimed at strengthening Franco-Saudi ties and discussing bilateral trade in several sectors. French President Valery Olscard d'Estalng met the Saudi monarch at Orly airport, and
      AFP  -  438 words
    • Article
      Lock icon RELIEF ON THE WAY
      405 3 Reuter RELIEF for the US money market may be forthcoming over the near-term, according to a number of market anaylsts. Initially, the analysts see this In the form of respite from additional firming in monetary policy on the part of the Federal Reserve as It seeks
      Reuter  -  405 words
    • Article
      Lock icon April's surplus lower
      98 3 UPI WEST GERMANY'S trade surplus in April showed a slight decline from the previous month, the Federal Statistical Office reported yesterday. The April surplus stood at 3.9 billion marks (Bs4-14 billion) against 4.2 billion marks the previous month. April exports were valued at 20.7 billion marks while
      UPI  -  98 words
    • WORLD IN BRIEF
      • Article
        Lock icon SLAUGHTER ABATES
        671 3 Agencies HEAVY cattle slaughter In Australia and New Zealand because of drought forcing producers to liquidate herds has abated somewhat, but the Industry still is not on its way to full recovery, according to the US Agriculture Department. Beef exports to non-tradl-tional markets have not developed as expected
        Agencies  -  671 words
    • Article
      Lock icon There is no more room for German monetary steps
      284 3 Reuter BUNDESBANK directorate member Helmut Schleainfer believe* than is no room for further monetary measure* to attack foreign trade and payments problems. He told members of the Baden Wuerttemberc Banking Association in Stuttgart the recent fall in domestic interest rates has
      Reuter  -  284 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      109 3 I Aladdin was a lucky chap; he only had to rub His magic lamp, a genie came to bring him lovely grub. He rubbed again when he was through. The table disappeared from view. He had no washing-up to do. To-day thctfi are no magic lamps nor genies. it is
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    • Advertisement
      Page 3 Advertisements Column 2
      117 3 Luxurious and comfortable split-level Largest Hilltop Garden Houses in Thomson area GOLDEN HILL PHASEs*iU«££#l I IB }%■&-km y i HILLTOP 2STOREY SPLIT-LEVEL SEMI BUNGALOW V -V 1 J 2 HILLTOP 2 STOREY t SPLIT LEVEL TERRACE HOUSE X <vz •luxury nnwes fieehololano •MOID DBAPFOmTMWT! K .STATUTORY LAND GRANT (FREE FROM
      117 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      281 4 OPENING quotations In the Singapore rubber market yesterday were marked down 0.25 cents. The market ruled very quiet until towards noon when values advanced on covering and general buying interest. Some forward interest was also noted, but physicals were neglected. The morning session closed higher, with
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    • Article
      Closing prices
      28 4 Rubber: May 30 Singapore: June 220.50 (up 3.2S cental Malaysia: June 228.50 (up 4.50 cents) Tin: MSI.S7I (up $11) Official offering: 2*5 tonnes (up 23 tonnes)
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    • Article
      RAS PRICES
      346 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 f.o.b. Int. 1 R.S.S. Aine 217.00 218.00 218.00N 218.25 219.50 220.50 220 SON 221 00 Int. 1 R.S.S. July 218.50 218.75 220.7S 221.25 Int. 2 R.S.S. 210.00
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    • Article
      SSR AND SMR
      99 4 NOON SSR HAS and SMR prices yesterday: June (Current Mth) Buyer* Seller* (cenU per kf) July (Forward Mth) Buyer* Seller* (cent* per kg) SSR 20 SSR 50 M.R.E.L.B. (1-ton Pallet) (1-ton Pallet) 205 00 203.00 207 00N 205 00N 206 00 204 00 208 OON 206 OON
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    • Article
      Rice
      211 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne FOB basis Bangkok): White Rice: 100 pet Ist class 442. 100 pet. 2nd class 421. 100 pet 3rd class 422, 5 pet 413, 10 pet 400. 15 pet 382. 20 pet 387, 25 pet 377 35 pet
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    • Article
      Produce exchange
      246 4 THE MAIN features of trading on the Singapore produce market yesterday were a firming of prices on the coffee market and an easing on the pepper front. Overseas buyers kept away In the face of the Increase in pepper prices by $5 psr plcul for the white grades
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    • Article
      Hongkong comex
      181 4 THE SUGAR futures market firmed US 0.07 cents in moderate active trading yesterday, with 23 lots traded against 14 on Monday. Activity has picked up since the end of last week, due mainly to more local house participation, dealers said. Net open positions after Monday's trading totalled 59
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    • Article
      SPOT PRICES
      195 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20's 1.730. 32's 2.160, 40 s 2.270. (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. D-agon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq, (per piece
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    • Article
      Coffee
      123 4 ROBUSTA futures In London ended the morning opening call steady, mostly £28 to £10 up from the previous close. Spot May, however, gained £60 per tonne. Volume traded was 432 lots. Spot May featured on commission house buying ahead of today's expiry and traded up to a high of
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    • Article
      Cocoa
      74 4 TERMINAL cocoa in London finished the first call down from last Friday by £4 to £21 per tonne having Initially traded £7-50 higher In spot May at £1,840 yesterday morning. Dealers said the trend was largely governed by prevailing bear sentiment. They said the market tended to disregard reports
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    • Article
      Sugar
      94 4 TERMINAL in London opened £1.25 to £0.65 per tonne yesterday morning, above Fridav afternoon s closing levels in a turnover of 288 lots. The market opened steady on fresh buying and short-covering prompted by the penetration of a previous resistance level In New York on Friday. However, the rise
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    • Article
      Straits tin
      85 4 THE STRAITS tin price In Penang yesterday rose Mill to $1.671, per plcul on an official offering up 23 tonnes to 295 tonnes. In LONDON yesterday, tin gained £10 all round in both contracts. Values advanced in the pre-market, with three months standard trading up to £600 under
      85 words
    • Article
      Copper
      91 4 COPPER wirebars In London yesterday finished the morning showing gains of i' 2 for cash and £3.5 for three months. An already firm market was given further impetus by several US producer price increases over the weekend and a continued decline in LME stocks last week. Short-covering and fresh
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    • Article
      Silver
      55 4 SILVER advanced by 7.8 to 8.2 pence per troy ounce to reach a record high of 303 pence paid for three months in London yesterday morning. Stoploss and chart buying around the 300 pence mark gave additional Impetus. Values closed only slightly below the highs with three months finally
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    • Article
      Gold
      210 4 THE KILOBAR In Singapore yesterday opened at Sf 13,704 and stayed around this level throughout the morning trading session. The market opened lower in the afternoon at $13,667. However, it firmed to close at $13,700. In the loco London market, the metal opened at US$lBl.3O/60 and eased off to
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    • Article
      Lead
      38 4 LEAD finished the morning with losses of £275 for cash and £2 for three months in London. The market fluctuated narrowly throughout the morning with early steadiness prompted by copper although profit-taking trimmed prices near the close.
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    • Article
      Zinc
      47 4 ZINC yesterday morning was unchanged for cash and up t0.5 for three months in London. The market held steady on moderate short-cover-ing and fresh buying up to 1332 for three months on the pre-market but profittaking pared the position to t'329 during ring and kerb dealings.
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    • Article
      India heads for record output
      735 4 INDIAN foodgraln production is estimated at a record 125 million tonnes in the food year July 1977 to June 1978, and the Agriculture Ministry is making preparations for a minimum production of 126 million tonnes In 1978-79. This should be possible, even If the monsoon
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    • Article
      Nutrition research high on agenda
      584 4 ONE EFFECT of the birth of the America Agriculture Movement last October, the subsequent hullabaloo In Washington and the abortive Farm Bill last month has been to divert attention away from some very significant changes In US policy embodied In the 1977 Food and Agriculture
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    • Article
      Lock icon All that is gold may not glitter
      972 4 Reuter ALL THAT'S gold does not necessarily glitter, and gold futures contracts are the latest form of good-as-gold paper to take the fancy of International Investors. Trading In the contracts, already well-established through markets In North America, including New York, Chicago and Winnipeg,
      Reuter  -  972 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        599 4 i nr. us uouar easea yesterday against the yen and Deutsche mark on foreign exchange markets following news of Japan's better trade performance last month. Opening at 224.50/60 against the yen. the dollar was quickly traded down to 223.95/10 by lunch time here. Hectic and speculative trading brought
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      • Article
        Asian $ and CD rates
        159 4 Asian and CD rates ASIAN currency deposit Interbank rates as at close on May 30 US Dalian (Spat) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths ..7* ..SK ..a ..$K .8 9/18 ..811/16 ..8* 8w. Frm 7S 8* 77/16 8W 8 7/16
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      • Article
        Zurich
        51 4 ZURICH exchanges closing quotes on May 29. US 1 8380/9570 UK 9.5171/5215 Canada 1 7321/7334 Weft Germany *****6/8823 Netherlands 05.5313/0133 France 41.7511/7907 Belgium 5 0542/0006 Denmark 34.0067/0332 Norway 35 4401/4729 Sweden 41 4005/4900 Italy 0 2225/222S Austria 12 7473/7501 Portugal 4.2179/2470 Spain 2 3952/3979 Argentine 0 24/34 Japan 0
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      • Article
        Discount
        47 4 RANOE of prices offered by discount houses on May 29 Overnight 2* to 3M% Call deposits 3*H Clssiag Boytac Selling 3-month Treasury bills 31/4 si/a 3-month Bank bills 4 13/16 411/16 3-month CD 4 3/4 4S/S A-month CD 51/1* 4 15/16 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
        Australia/NZ
        59 4 AUSTRALIA/ NZ exchanges quoted on May 30. AUSTRALIA: US dollar 1.1300/ 1 1252 Sterllnc 0.6243/ 0.6172 Ninety-day air mall buying rata: Sterllnc 0 8435 US dollars 1.1611 Ninety-day forward buying rate* Sterllnc 0.8260 US dollars 1 1257 NEW ZEALAND Sterling 0 5565/ 0 5534 US dollar 1.0137/ 1.0037 Ninety-day
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      • Article
        London
        160 4 THE DOLLAR weakened against most major currencies yesterday, In early trading after Monday's holiday, opening well below the previous close on Friday. Against the yen, It dropped below the 223 level briefly before recovering to 223.40/60, but remained well below Friday's closing of 225.80/226.00 yen. Against the mark, It
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      • Article
        Tokyo
        154 4 THE US dollar for overnight delivery yesterday closed at 224.00 yen, down from a 225.20 opening and 225.45 at Monday's close. Trading was active, dealers said, with volume US$543 million. The dollar steadied In light late trading, with selling subsiding after an initial fall following weakness against the yen
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      • Article
        New York
        83 4 THE DOLLAR ended slightly weaker after an abbreviated and very quiet trading session on Monday. The depressing factors remained the Increase in the US trade deficit to US$2.B6 billion in April from $2.79 billion in March. The Swiss franc closed firmer at 51.55/60 cents from 51.45/50 on Friday,
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      • Article
        Hongkong
        112 4 THE US dollar closed easier against most currencies in quiet trading yesterday. Dealers said it closed unchanged from its opening at 2.1120/30 marks compared with Its 2.1160/70 New York close and at 223.90/224.00 yen from 224.70/225.20 In New York and Its 223.80/90 Hongkong opening. Sterling closed un changed from
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      • Article
        Euro $ rates
        120 4 Euro rates EURODOLLAR deposit rates opened generally steady In quiet conditions yesterday. Trading was dampened by the New York bank holiday. Dealings, too, .are now effective for the new month so that previous fairly heavy end-month cover requirements and rollovers are now over, dealers said. Overnight was unquoted but other
        120 words
      • Article
        Eurobonds
        284 4 EUROBOND price* quoted on May 30 SCraicfcU Bid Oflbr Total oil st« 9.125 84 91.25 91 75 FFI »tg 9 75 87 89 37 88.87 Courtaulds stg 9 75 n 88.12 88.62 ETB stg 9.75 92 92 62 93.12 Flaons stg 10.25 87 93.87 M 37 Inco 9 92
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      • Article
        Frankfurt
        38 4 FRANKFURT exchange! opening quotes on May 30. US 2.U06/1S Can *****/36 Sic 3 830/638 Dfl 93 32/42 Sfr 106.33/46 Ut 2 424/434 Ffr 45 56/66 Nkr 36.60/70 P Bfr con 6.366/413 Bfr fin 6.368/403 Yen 0 9435/50
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      220 4 A leading American Commodity Trading House has an opening for OIL GRAIN TRADER THE JOB: 1. To develope and manage the company's oil and grain trade in S.E Asia 2. To look after the company's agencies in oil and grain in S.E. Asia REQUIREMENTS: 1. Minimum three years experience in
      220 words
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  • TRANSPORT
    • Article, Illustration
      Conference can help avert airline rivalry
      582 5  -  By TERESA LIM THE need for conference activity on airline routes still exists If subsidy wars are to be avoided and endless confrontations between carriers and governments are to be prevented. r Mr. Knut Hammarskjold, director-general of the International Air Transport Association (lata) emphasised
      582 words
    • Article
      Lock icon Soviet call over shipping slump
      218 5 Reuter *A SOVIET minister said •that Joint action by all na\Jons with merchant shipping fleets Is the only way to end the current shipping depression. Soviet Merchant Marine Minister Tlmofel Guzhenko said the Soviet Union wants equal and mutually Sneflcial cooperation with who are Interested
      Reuter  -  218 words
    • Article
      Lock icon Power plant at sea
      94 5 AFP FLOATING electric power plants Japanese-built vessels carrying US-made power equipment will be leased to the Philippines for the triple purpose of shoring up Japan's shipbuilding industry, increasing overseas economic aid and reducing the trade surplus. Japanese government sources yesterday said con- struction of the first
      AFP  -  94 words
    • Article, Illustration
      SHIPS IN PORT
      348 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Villa (B. Barge) (1500 after Ocean Supply sails) 48 Elbhoff (0800) 5 Golden Glory (1330) 25/26 Kelyo Mara (0700) 44 Kristin Bakke (2100 after Xu Chang) 8/9 Nedlloyd Napier (0600 after Straat FIJI) 3/4 Rasa Sayang (0800) 42/43 Ragna Bakke (1700
      348 words
    • Article
      Lock icon LOAN TO DEVELOP SABAH'S THIRD PORT
      177 5 Reuter SABAH's third port Is to be developed with a US$l6 million (5537.4 million) loan from the World Bank in a project to upgrade all the key ports In the state. The Sabah Port Authority said it had negotiated the loan recently with the
      Reuter  -  177 words
    • Article
      Lock icon A satellite that will help fishing and shipping
      449 5 AP AN OCEAN survey satellite which could benefit shipping, fishermen and weather forecasts will be launched next week by the US National Aeronautics and Space Administration. The satellite, named Seasat-A, is the first designed to study the world's oceans. It Is to
      AP  -  449 words
    • Article
      FAR EAST FREIGHTS
      983 5 CARGO movements at Bombay are Increasing substantially with Madras, Chlttagong, and Colombo also showing increased tonnages. Singapore Is having a healthy increase in containerised cargoes. Bangkok Is moving rice and sugar, and the Philippine inter-island trade is growing. It Is ironic that there is a healthy demand
      983 words
    • Article
      Lock icon SAS reluctantly agrees to fare cut
      217 5 AP THE Scandinavian Airlines System (SAS) has reluctantly agreed to lower fares on trans-Atlantic routes from Norway, Sweden and Denmark. Danish Traffic Minister KJeld Olesen said the traffic ministers of the three countries will give their formal approval tomorrow. SAS has written to the
      AP  -  217 words
    • Article
      Lock icon Relieving Bombay
      48 5 Reuter INDIAN Commerce Mlnlser Mohan Dharla asked the Bombay Port Trust to prepare a dispersal plan for ships awaiting a berth so as to relieve congestion. Some 70 vessels are awaiting berthing facilities at Bombay. The idea Is to divert ships to Kandla and Vlshakapatnam. Reuter.
      Reuter  -  48 words
    • Article
      Lock icon Aussie wharf labourers reach accord
      212 5 Reuter AUSTRALIA'S wharf labourers reached a twoyear agreement with their employers on pay and working conditions. The Waterside Workers Federation and the Association of Employers of Waterside Labour told an arbitration court hearing in Sydney about the new pact. The contract provides for an A
      Reuter  -  212 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      745 5 ARRIVALS Service Loct 1 Operator Number Time From TMA TL374 0530 TPE MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0815 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP QIA GA980 1030 HLP THAI TG423 1035
      745 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      101 5 -J Call us for you. local or w onward reservations I Rent-a-Car SINGAPORE AIRPORT TEL *****5 f\ CITY TEL *****55 Jm M it j. t i; Everyone is at your finger tip! MANAGING DIRECTOR r SUPERVISOR v u, oC, *X AIPHONE «o o O Q C- i. WITH AIPHONE The
      101 words
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  • Article
    The razor's edge of conflict and cooperation
    666 6 THE trade union movement In Singapore today may be considered to be at the crossroads. Prime Minister Lee Kuan Yew's May Day speech and Mr Llm Chee Onn's comments yesterday both point to a future where the Singapore worker will take a far
    666 words
  • Article, Illustration
    He still sleeps above his Serangoon Road shop
    2540 6  -  ■r SIVA ARASU THE rags-to-riches heroes of Singapore's early commercial history are now in their twilight years. But they still dominate the enterprises they founded, and the communities of which they are the pillars Govlndasamy Plllal Is such a man. At 92,
    2,540 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 OUTLOOK for Singapore from 6a.m. to noon today: isolated showers tn late morntng. Report for 24 hours prior to 7.30 p.m. on May 90 at the airport. Maximum Temperature 32.0° C Associated Humidity 68p.c. Minimum Temperature 24.4° C Associated Humidity Mp.c. Hours of Sunshine 9.20 Rainfall in Millimetres trace Total
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      275 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Wedding Plans (Repeat) 0 3.25 Diary of Events (Malay) 0 3.30 Bonanza A Matter of Circumstance 4 4.20 Intermission 6.00 Opening announcements followed by December Bride Mothers-in-Law Club 6.30 News in Brief" 6.35 Wild, Wild World of Animals 0
      275 words
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  • Article, Illustration
    Brookings hits out at Carter's policies
    932 7  -  ■y LEONARD SILK THE Brookings Institution, the Washington research centre that was called only half Jokingly "the government in exile" during the Nixon and Ford administrations, has grown sharply critical of the Carter Administration. This is not because Brookings was left In exile when
    932 words
  • Article
    Lock icon Ex-taxman allows clients a cut
    268 7 AP REGULAR customers at Nguyen Huy Han's restaurant in Pontlac, Michigan get sweet and sour pork, enchiladas, curry and some of their money back. Business has been good for the 42-year-old Vietnamese refugee during the past year, so he Is distributing US$lO,OOO (5523.000) profits among
    AP  -  268 words
  • Article, Illustration
    STRAWS IN THE WIND
    691 7 FAME at last! A doggie expert has reacted publicly to my derisive report In this column some weeks ago on a lyrical paean to the Boxer dog printed earlier In the Singapore Kennel Club publication, "Dogtalk." In the same publication, the expert, Karen Steele, also the
    691 words
  • Article
    The long and short of worker ownership
    840 7  -  forum; ...on management 2 »y GAN HUAT TATT THE cause of worker ownership in profit-seeking enterprises is undoubtedly a Just one. This socialist Ideal which essentially transcends ideological boundaries has put down roots In both communist and capitalist economic systems, although all Its
    840 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      338 7 TODAY „OKOH Lunch N TV 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 GKOH OF GINZA *-«ong Leong Bldg., Raffles Quay. Tel *****81 :'.ATSURA Orchid Inn, Dunearn Rd Tel: *****2 It's the toast of the town. IMPERIAL BAR A What is it about the Imperial
      338 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      51 7 grfv/C t^eus TOfNDY TMomPSON ThC\ ftern's CRftux.e£ is f Polling out of our J NfVTtVfh/ PLfV/. J-^ r* <y-C we to ee vc\nG va&rod...H HC OJf*tfTS to6C ON£Y OF "tVAC LP*rtoS UHO CP*sl VA»S PLf\Ce° L*4o LXXJLDNT IN pUSLC IN P* cbupos Hep»RTte.ss P\MD Rote. P py RX»L ffe.T£.(?soN or
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Continued decline
      564 8 TOKYO Source: DBS Daiwa THE market yesterday opened ■weak cent#ng on blue chips, continuing Monday's bearish sentiment. However, Incentivepacked issues and speculative Issues such as Nlkkatsu, Maruzen and Okamoto Rlken Oomu rose on active trading. Other gainers Included Konlshiroku Photo. Takeda, foyo Kogyo and other machinery Issues. Later,
      Source: DBS Daiwa  -  564 words
    • Article
      Hongkong
      382 8 AFTER initial uncertainty, the market shrugged off bearish factors and reversed the weak downtrend. Prices had recovered all of their previous losses by lunchtlme and with an acute shortage of offers were heading higher still by the close. Swire Pac "A" recovered 15 cents to $8.35, Kowloon Wharf 40
      382 words
    • Article
      Manila
      129 8 THE market yesterday closed lower on profit-taking, dealers said. Mining and oil shares fell slightly while commercial stocks rose. Turnover fell to 6.1 million pesos from 11.l million. MAY 30 Peso* Acoje Mining 0.11 +0 0095 Atlas Con. A Atlas Con. B 17 50 +0 1 Bagulo Gold 0088
      129 words
    • Article
      Sydney
      338 8 SHARE prices close higher on balance after a late advance overcame earlier weakness, dealers said. Sp'eculatives were mostly lower. BHP rose four cents to $7.06 while the Bank of NSW gained eight to $6.04. CSR rose five cents to $3.05 ahead of Its results and on news the Queensland
      338 words
    • Article
      Bangkok
      147 8 MAY 30 Bahts 47Asia Fibre 256 •1 Bangkok Bank 373 unch Bangkok Invest 356 -4 Bangkok-Metro-politan Bank Bala 720 ♦5 BerliJucker 482 4-2 CarpetIntnl Charoong Thai Wire 295 17 Dump* Duslt Thanl 330 +4 Faber Merlin Pint That 405 -4 Genera Finance Indo-Thal Industrial Finance Corp 2495 10 J
      147 words
    • Article
      Jo'burg
      387 8 GOLD shares were narrowly mixed after a marginally higher opening on Monday. Dealers said the Spring bank holiday In the UK made for fairly slack trading. Financial minings reflected small movements either way In quiet dealings. Elsewhere. De Beers gained two cents to 605. In platinums, Rusplat shed four
      387 words
    • Article
      PARIS SHARES MOVE HIGHER
      426 8 EUROPEAN MARKETS SHARES firmed on the Parte, Frankfurt and Amsterdam bourses on Monday. FRANKFURT share prices firmed although turnover was small on lack of sellers, bourse sources said. KHD which said It expects a quieter year with lower net profits gained 1.80 marks while Scherlng which
      426 words
    • Article
      Amsterdam
      226 8 MAY Fte ABN 357 50 -0.5 Ahold 105 10 -0 4 Akzo 31 30 +0 9 AMEV 83 40 ♦0.9 Amfas 112 50xd-2 Amrot Bank 75.70 -14 Bergoss 50 00 4 Berk 104 00 1.2 Bo Is 74 00 18 BorsumlJ 160 00 1 Burhmann 70 20 ♦0 2
      226 words
    • Article
      Paris
      285 8 MAY Fn CORBEILLE Air-Liquid* B S N Orvals Danone CSFtThomsonCsl) Cie Francalse des Petroles Compagnle Ftnanclere Compagnie Generate Credit Foncter De France Hachette (Librairle) Machines Bull Michelln(B) Paribas Pechiney Clone Kuhlmann Peugeot' Philips (Nv Gem Beat) Prlntemps 8 A Rhone- Poulence SA 312 583 255 130 365 50 344
      285 words
    • Article
      Milan
      100 8 MAY Ure Ante 95 50 -4.S Assoc Gen ***** -180 Bajtogi 480 -8 Centrale 3710 -31 Fiat 1855 1 Flnslder 93 50 1.5 Gen Immob 76 -3 IFI Pri 2169 -2 Ilalcementl 1)990 -280 I taigas 703 1.5 Italskler 174 25 ♦4.5 MapiMI M PI 4S3 -10 M&relli Ere
      100 words
    • Article
      Zurich
      183 8 HAY Francs Aruotw Suiaan AlusuUar Reg Brown Bowrl Br Clba Oelgy Br Clba Oelg> PC Clba Of if) Reg Credit Suisse Br Credit Suisse Ref HI, in SIS 1725 1140 165 604 2130 406 unch 30 -I 5 ♦S -S •1 -IS •2 Elektrowatt Br George Fischer Br Globus
      183 words
    • Article
      Brussels
      82 8 MAY 21 Ft* FORWARD market Acec Arbed Astur Br&scan Bru-Lamb 14M -9 Canpac Cock De B*rrs 163 -3 Ebes 2225 10 Electrobel 8320 20 Ob-lnno-Bm 2000 -10 Oev 1308 •2 Hobok 2200 25 Petro 3845 -40 Ryl Dutch 1850 -15 Sldro TOO •2 Soc G»n Brig 1920 -30 Soflna
      82 words
    • Article
      Frankfurt
      210 8 MAY a Dm Aef-Telefunken Akzo Allz Leben Al'i Vers BASF Bay H T Wbank Bay Vb&nk Bayer BBC 78 60 29 20 616 463.50 139 70 267B 292 30 139.90 286 -1.2 1.1 10 -0.5 1.8 +2 1.2 +3 BMW Cassella Chem Verw Commerzbank Contl Gumml Daimler-Benz Degussa Demag
      210 words
    • Article
      Toronto
      286 8 SHARES closed mixed In moderate trading on Monday, with the Composite Index off n point and advances leading declines 217 to 176. Index gains and losses were In balance. Among companies reporting higher earnings. Automotive Hardware A rose to 14H, House of Braemore added CM cents to $3. Sllverwood
      286 words
    • Article
      Selected indices
      62 8 FINANCIAL TIMES INDUSTRIALS Monday closed Friday <76.1 Week Ago 468.8 DOW JONES AVERAGE INDUSTRIALS Monday closed Friday 831.50 Week Ago 830.34 LONDON DOLLAR PREMIUM >ui Monday clcajad Friday 109% to Llfr* H.K. HANG SENG Tuesday 40* SI Monday 474.31 Week Ago 466.37 SYDNEY INDUSTRIALS Tuesday Monday <9$* Week
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    • Article
      Lock icon Revenue bonds with a lesson
      792 8 NYT THE 5.75 per cent revenue bonds of the Chesapeake Bay Bridge and Tunnel Authority touched 93 Y» this week, and holders who bought the bonds on issuance 18 years ago must have felt some relief. The story of the taxexempt bonds Is grim and
      NYT  -  792 words
    • Article
      Is PRF overvalued?
      408 8 THE PRF Corporation, which has soared In over-the-counter trading In response to expanded earnings, may not be quite so undervalued as some appear to believe. The company went public In 1961 through acquisition of a corporate shell known as the Bolivian American Oil Co. PRF then emerged
      408 words
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      Page 8 Advertisements Column 1
      222 8 ingapore's business world at your fingertips... I e p \j&k ft} 4 >3v* 9s *<,§/? Po OA $36 7 >? £> 9<? '0, 0^ 'e 2 A > r> 9 0rf_ r s ">* S heStrai Directory of Singapore 1978 guide to e 'S Sf O, The Straits Times Directory
      222 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      JAPANESE RESULTS
      549 9 AJINOMOTO Co Inc announced after-tax profit Of 5.11 billion yen tor the Step ended March 31 (5.21 Won) on sales of 329.06 billion yen (308.26 billion). Dividend was 10 yen (same). C. Itoh Co Ltd had aftertax deficit of 1.13 billion yen for the year ended March 31
      549 words
    • Article
      Lock icon Courtaulds pretax profit dips
      271 9 EUROPEAN Reuter COURTAULDS Ltd announced pretax profit of £53.7 minion (£80.9 million) for the year ended March 31 •Katies of £1.58 billion (1.51 "Dividend came to 5.081p making 11.452p (10.315). Profit Is after depreciation of £67.6 million (£64 million). Tax was £16.9 million (£19.9 million) Including
      Reuter  -  271 words
    • Article
      Lock icon ICI waits for a recovery
      225 9 Reuter IMPERIAL Chemical Industries Ltd is still awaiting signs of a genuine recovery in world demand for chemicals, ICI group treasurer Alan Clements said. He said there are encouraging signs from the US where the economy appears to be picking up but small gains in
      Reuter  -  225 words
    • Article
      American Express in Spanish venture
      140 9 AMERICAN Express has formed a Joint company with Spain s leading merchant bank, Banco Urquljo, to promote a peseta denominated credit card. The company, American Express de Espana, will have a Pta 50 million capital subscribed on a 50-50 basis. American Express chairman, Mr. James
      140 words
    • Article
      Lock icon Phoenix Assurance
      99 9 Reuter PHOENIX Assurance .Co Ltd announced pretax Wbflt of £7.0 million (£6.9 mflllon) in the first quarter I#7B. Earnings per share eame to 6.7p (6.4p). 1 Tax came to £2.3 million ('£2.7 million), leaving £4.0 Million (£3.8 million) after flpßorltles. premiums written Wtt-e £88.7 million (£87.4 .million), investment
      Reuter  -  99 words
    • Article
      KENNECOTT DISAGREES
      72 9 KSNNECOTT Copper Corp sold that a statement by Curtlss-Wrlght Corp saying its slate or directors received 46.7 per cent or 11.07 mHllon votes In the election of directors at the Kennecou annual meeting Is inaccurate. Kennecott, in its statement, said the CurtlssWright reported results did not include a
      72 words
    • Article
      Lock icon Wardley resigns as adviser
      153 9 Reuter WARDLEY Ltd said It has told Jardlne Industries Ltd that It cannot act as adviser to the company's minority shareholders for whose Jardlne Matheson and Company Limited are proposing to make an offer. It said this followed discussions between Wardley and the Hongkong Commissioner for
      Reuter  -  153 words
    • Article
      City Hotels expects rise
      73 9 KONG; Con soi)rom for the Cltv Hotels Group for 1978 will rise to about HK522.22 ,22., ,r0rn 118 84 million In 1977, city Hotels Ltd forecast in a statement Hongkong Land an- nounced on April 20 it was offering $40 a share cash for the 47.4
      73 words
    • Article
      Fujisash suspended
      644 9 w ASIAN (TOKYO: Toahlo Horlgome, president of both fSijlsash Industries Ltd and Fujisash Sales Co Ltd., said the two companies will shortly fUe corrected financial statements with the Finance Ministry, in view of inadequacies in statements published In the past several years. The Tokyo Stock Exchange had suspended
      644 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      1339 9 Extracts from the ,lC 1977 Statement to Shareholders iArtv*' cLl D an K NeWbi99in9 ?o e m p°a n nfu d 7V»« Davies Pacific H Cttntmr m n M. VeC Center, a 23-storey office building in Honolulu was purchased by Hongkong Land in January 1978. 1977 was another good year
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1521 10 BID and offer price* officially '.luted and bnsln*** in and re- ported to the Stock Exchange of Singapore yesterday with the .number of share* traded shown in brackets In lota of 1,000 units unless otherwise specified. All -Time Settlement Contracts are 1 quoted after the word "sett". -Big
      1,521 words
    • Article
      Government bonds
      119 10 4 3/4% 15/8/80 (250,000) (100.458 100.558) 5% Wt/%1 (250.000) (100.658 100.758) 5% T F 1/5/83 (250,000) (100.458 100.558) 5 3/4% T F IWBI-84 (250,000) (102.955) 7% IWBS 250,000) (100.908 101 058) 7 1/4% 15/4/86 (250,000) (100.20B) 7 1/4% 15/10/86 250,000) (100.70B) 7 1/4% 1/5787 (250,000) (100.70B) 5 3/4%
      119 words
    • Article
      Stock options
      45 10 STRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday. with the number of options traded shown in brackets F and N (June $3.10) (1 458). (Sept $3.10) (1.458).
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  • Article
    Unit trusts
    148 10 SINGAPORE UNIT TRU8T INCOME BOND UNIT (managers prw* »r May SI) urrwl pi rices) The Commerce 1.99 2 07xd INCOME BOND 1.0S l.U The Saving Fund 1.20 1.27 S pore Prog Fund 098 1.03 MARA BUMIPUTRA FUND Spore Security F\ind S pore Invest Fund 1.88 2.00 1.21 128
    148 words
  • Article
    SHARE INFORMATION SERVICE
    2522 10 Gr'« Gr"« Net 1978 Last Div Dtv Y'M P/E Vol D«y (High Low Company Sale +or- C'rr COM) Hi«h Low SECTION ONE INDUSTRIALS 189 132 Acma 177 -3 12.ON 1.8' 6.7 10.4 6 181 177 214 123* Alcom 214 10.0 2.2 4.6 15.8 172 112 Allied Choc
    2,522 words
  • Article
    In Kuala Lumpur
    1884 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 Aflnamata (2 SIB 2.338). Almm (MSB 2 188) A Chaa (1.6T8
    1,884 words
  • Article, Illustration
    Nanyang and Sin Chew in limelight
    714 10 PRICES on tkt Stock Exchance of Singapore fluctuated narrowly at their overnight levels hat selected stocks sparkled in moderate trading yesterday. One broker pointed to the bullish interest in the Chinese newspaper shares Sin Chew Jit Pah and Nanyang Press as indications that the
    714 words
  • Article
    Prices ease on KLSE
    678 10 MILD selling pressure continued to erode share prices on the Kuala Lumpur Stock Exchange yesterday. The market after a fairly steady start, beat a gradual retreat with marginal to moderate declines posted at the close. Heavy scrip delivery and investor cautiousness were again cited as the
    678 words
  • Article
    Selangor Dredging
    111 10 SELANGOR Dredging told the KLSE that It proposes to purchase 1.7 million shares of a dollar each in Njlex Malaysia Sdn. Bhd. from Associated Plastics Industries at 90 cents per share for cash. The purchase, however, will be subject to approval from the Foreign Investment Committee and to
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  • COMPANY NEWS
    • Article, Illustration
      Investment income lifts KL Kepong
      794 11  -  ;By STEVEN TAN KUALA Lumpur-Kepong has turned In a pleasant set of interim figures despite bad weather which hit output, and contrary to adverse effects feared from the expected fall in commodity prices, warnings of which were first sounded in KLK's April prospectus lsjued in
      794 words
    • Article
      Pegi surprises with its bumper payout
      947 11  -  By ARTHUR NG ALTHOUGH managing only to stage a modest Recovery last year, Investment holding company Pegl Malaysia Is topping the year's results with an Increase In dividends as well as a bonus Issue. Group pre-tax profit for the 12 months ended Dec 31,
      947 words
    • Article
      Castlefield to meet on Harcros offer
      115 11 CASTLEFIELD (Klang) Rubber Estate has given notice of an extra-ordinary general meeting to be held on June 2 to consider acceptance of a Harrisons and Crosfleld offer for its shares In Harrisons Malaysia Estates. Castlefield holds 805,035 HWTE shares while II and C holds
      115 words
    • Article
      Bousteadco takes over DATL
      114 11 BOUSTEADCO Singapore has announced the acquisition of the entire undertaking of David A. Tlnsley (Pte) Ltd (DATL). The company to be purchased Is incorporated in Singapore and acts as manufacturers' agents and stockists of engineering and other tools and equipment. The 300 shares of $100 each
      114 words
    • Article
      COMPANY MEETINGS
      680 11 Overseas Union Trust Ltd: AGM to be held at Mandarin Court 'A', 4th Floor. Mandarin Hotel, Orchard Road. Singapore, at 11.30 a.m. on June 9. Negeri Sembilan Oil Palms Bhd: AGM to be held at 1208. 12th Floor. Wlsma MPI. Jalan Raja Chulan, Kuala Lumpur, at 11.30 a.m.
      680 words
    • Article
      Tronoh Mines hopeful
      502 11 TRONOH Mines Malaysia Bhd has submitted a fresh proposal to the Foreign Investment Committee (FIC) to develop Jointly a mining property near Tapah Road with the Perak State Development Corporation. Its chairman. Enclk Ju- < nus Sudln, expressed hope that this will lead to the i Issue
      502 words
    • Article
      Renong Tin
      38 11 AS FROM June 1, the branch registers of the Renong Tin Dredging Company in Malaysia will be located at Malayan Tin Smelters and Finance Company, sth Floor, Straits Trading Building, 4, Leboh Pasar Besar, Kuala Lumpur.
      38 words
    • Article
      Probe into bumiputra share issue
      236 11 THE Perak government has been urged to investigate anv possible deviations Involved In the selling of the KL-Kepong Berhaa shares meant for bumlputras only. "If there are, firm actions should be taken against those Involved," said the Ipoh Umno division's vice chairman, Megat Abu Hassan
      236 words
    • LATEST RESULTS
      • Article
        Sin Chew Jit Poh (Singapore) Ltd:
        69 11 After-tax 1977 profit $1.09 million ($O.B million) on turnover of $17.84 million ($15.43 million). First and final dividend 6 per cent gross (nil) payable July 20 to shareholders registered June 30. The company paid no previous dividend since its incorporation but said in its
        69 words
    • Article
      DIVIDENDS ANNOUNCED
      815 11 High ft Low Kulim Sime Darby MBS Kings O.U.L. Lou George Kent Shell UE(Pref.) UE (Ord.) Kinta Kellas CudC Current payment 25% 13% 20%I 15%(b) 7*%(b) 4*%<g) ll%(b) 7*% 7*% 10% 500%<n) 10% I Ex Data Apr 19 Apr 25 Apr 26 Apr 18 May 11 May8 Apr
      815 words
    • Article
      SCRIP ISSUES
      204 11 Company Particulars Ex Date Books Close United Plantations Males Tan Chong Bouateadco Great Eaatern Life Malayan Flour Straita Trading Hong Leong Sin Heng Chan Pegi Malaysia Lien Hoe Sentoaa Plywood Bonus Issue of 1 for 10 Bonus Issue of 1 for 3 Bonus Issue of 1 for 3
      204 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      515 11 This Month's New Penguins 7 Surprise: Brian Burland rf!WWW!ffTf Brian Burland, Penguin's latest author has an easy Ljilj|jjfljlii y mastery that can knock most of the vaunted bestsellers right out of the ring. In Surprise, the language has a convincingly salty swing and a surge of the Caribbean a century
      515 words
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  • Article
    Lock icon Revised Tokyo trade surplus higher at $5.2b
    578 12 Reuter JAPAN'S April trade surais was revised to U852.7 Hon (855.2 billion) from $2.24 billion. However, the revised figures were below March's surplus of $3.13 billion. It was higher than April, 1977's surplus of $1.78 billion. March F. 0.8. exports rose 14 per
    Reuter  -  578 words
  • Article
    India is out to step up trade
    152 12 INDIA would like more bilateral trade with friendly nations, said Its visiting Minister of Commerce, Shrl Mohan Dharla. In addition, there Is also Immense potential for ventures, both at home and abroad. Speaking after the first session of the conference of Indian commercial
    152 words
  • Article, Illustration
    Bosses support stand by unions
    634 12  -  By RONNIE LIM THE NATIONAL Employers' Council has come out in support of the labour movement's aim of placing national Interests above all else through greater cooperation with management. The NEC president, Mr. Steven Lee, said that the council is wholeheartedly behind the union's aspirations
    634 words
  • Article
    Foreign banks cry foul
    401 12 MANY foreign bank branches in Japan feel they are treated differently from Japanese banks in areas affecting their performance In that country. These were the findings of a questionnaire survey sent out by the International Business Information Inc (IBI), a Tokyo-based research and consultancy firm. All
    401 words
  • Article
    Lock icon BANKS' PROFITS HIT BY EXCESS FUNDS
    879 12 NYT THE BIG International banks In London have so much money now that their profits are being threatened. The problem Is the sluggish pace of world economic recovery, which has left the banks with more funds than they can readily lend and has forced
    NYT  -  879 words
  • Article
    LONDON STOCKS
    803 12 LONDON. Tues. Prices closed mostly lower In quiet trading today, reflecting a lack of interest, dealers said, and at 3 p.m the Financial Times Index was down 3.7 at 472.4. Government bonds fell by up to H point, with demand negligible ahead of possible further official moves to
    803 words
  • Article
    Lock icon SIZEABLE FLOW OF CAPITAL FROM MAHATHIR'S TOUR
    269 12 AFP MALAYSIAN deputy Prime Minister Dato Seri Dr Mahathir Mohammed estimated in Copenhagen yesterday that his current tour in Europe would bring several hundred million dollars of investments to his country. He told a press conference that Malaysia did not want investment to
    AFP  -  269 words
  • Article
    Lock icon Oil price on agenda
    64 12 UPI KUWAITI Oil Minister All Khallfah As Sabah said the Geneva conference of the Organisation of Petroleum Exporting Countries (Opec) on June 17 will discuss whether to raise oil prices. "The conference will discuss the dollar as a pricing unit and the effect of the dollar's
    UPI  -  64 words
  • Article
    Malaysia eyes new outlets for rubber
    600 12 MALAYSIA Is prepared to accept stiff conditions put up by big car manufacturers of the world In any Joint venture or long-term arrangement with them to supply rubber-based components, Primary Industries Minister Datuk Amar Talb Mahmud said. This was because being "enmeshed" In the
    600 words
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    Lock icon Absolute minimum in aid contribution
    201 12 UPI Reuter A US HOUSE of Representatives bill to appropriate US$2.6 billion (555.98 billion) to the World Bank is the minimum amount acceptable to the administration. Disclosing this Treasury Secretary Michael Blumenthal said: "The administration strongly supports the international financial institution" The House appropriations committee
    UPI; Reuter  -  201 words
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      447 12 Leader Page 6 4 from Penguin IN PENGUINS Virginia Woolf died in 1941 and at the time of her death she had won a foremost place in English fiction. Three Guineas and Fludi have now been published in Penguins and both will find a wide and passionate audience. Three Guineas
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    SHIPPING TIMES
    3114 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulate*, by port of daatinatlon the name of the ship, the shipping Une Involved, and the estimated dates of arrival and departure from Singapore port. t CmirtlMM SnaOntch has a Joint aervnnftmoi
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      413 13 Fortnightly Direct Express Service Europe/Straits for further details call Singapore *****4b Kuala Lumpur. ***** Pet Kelann *****0 Penan*; *****1 SHIPPING S Seatrain Lines Inc. (U S A Trans-Pacific Service Full Container Service To USA FttOCI VSL SPOK A VESSEL 16/1 SMtrahi AKSS£I 11/6 Mrnhm 2/7 Full Container Service From USA
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      328 13 Pi EVERGREEN LJNE REGULAR RED SEA LINER SERVICE HA S PORE EVER HARVEST fan 22 VOY. 16-05W EVER PROMOTER 13 VOY. 17-16W LOADING FOR AQAIA, PORT SAID. LIMASSOL, JEDDAH JEDDAH. AQABA GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD.. 13S. ROBINSON ROAD. SINLAPORE. 1. TEL: *****33 (I LINES) TELEX: R*****1 Greenfield
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      376 13 SHARJAH SHIPPING CO LTD II 1 -Aj li I UNITt D ARAB EMIRATES GULF PEARL 22/ 24 Jmr gulf projperitx i/u Jot*' u/ij iw Ludini (or MM/MS Dtahi M fIHLI SHIPPinG Lin€ k.\L»\' iUNITED ARAB EMIRATES) IS/II tan 19/21 Jot* 27/21 My M/lta( DOT*. A*. Mute Daka/Afe* Dtuki GULF SHIPPING
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      489 13 LIAN SOON SHIPPING TRAD'NG CO (PTE) LTD, "V .MO; 4 IP* SHfN'CM HOUSf SHf IVion <• p OR< tl I *****1 U*fS< *****0 .VOIS6« ??04\"> MIOOOI lAST/INOU SERVICE H.V. SLORIOUJ TMOtr lEOOAH (U77 Ml) »SI*S«V,CE *M 'CHERRV MUGS" MLIKPAPAN. SAMARIND*. UK/M PANO*M H.«. "SIUUUT MTM6" MKMTI M CHERRY MANIS" UUIWM,
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      13 13 FORTNIGHTLY TO MIDDLE EAST SEA JftkLAND OTI KFRISCMTCO COftTIINCt SCWtCf. BOOKING TEL *****22
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      604 14 SHIPPING FULLY CONTAINERISED TO EUROPE EXPORTS Spar* PManf H'Wrt I'kmMM LaHanw 3/6 5/6 18/6 11/6 19/6 21/6 27/6 Osaka Bay 19/6 21/6 Haafeari Eiprasa 27/6 Hiftif Eiprtu 30/6 Mm In 5/7 7/7 IM Uftta 14/7 16/7 24/6 26/6 27/B 29/b 1/7 3/7 4/7 (5/7) 11/7 14/7 15/7 18/7 17/7 19/7
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      787 14 £2 SANKYO LINEI AUSTRALIA SERVICE P. KcUnt Sininmt Lwd«| for. BLOOM 11/13 Junt U/15 F**. ADEL. MEL PRINCE 13/15 Jur* 10/12 Jmi» MIS.SYD EE SIM 25/30 June 27/21 Ju«. ADE,MEL,STO BANGLADESH SERVICE SKY 11/19 JUL* IS/17 JULY CHITTAGONG, CHALNA GENERAL AGENTS OCEAN SHIPPING ENTERPRISES PTE LTD SINGAPORE TEL *****44/7 8
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      554 14 z m LAND U.S.A./ ASIA SERVICE NT REFRIGERATED CONTAINER SERVICE SAIL) CARIMEAN. lAPAN. ROKA. TAfIMN. VESSEL/VOYAGE PONCE V-325 GATEWAY CITY V-698 PONCE V-326 GATEWAY CITY V 699 •EAST SERVICE I EVERY MEDNESOAT fO« POtTJ IN US*. NG ROM. THAILAND AND PWUPrtNEI Vessel Arrives/departs JUNE 02/02 Jun« 6/7 June 13/14 .June
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      740 14 Everett Lines LOAOIMG FOR RANGOON PHASHWEGY**™* Buri+a Fivt Star Shipping Corpn. "BURMESE NATIONAL LINE" HGOON S.i»|»part (A 1/2 JO« B F SS C Ageoti in Moklysio TEPS MALAYSIA Port Kelong Tel (38J-7355 Penong To! *****/***** LOADING FOR DURBAN CAPETOWN BUENOS AIRES Siatioaft Uw Pm PAMPA ARGENTINA 11/14 MINE 15/ It
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      628 14 JARDINE ANTAH Orient Overseas Co*dcu*ieA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) k contnrci if VI v» 21/1 a/« n/t a/i ■cinATOi W S/C 9/6 2S/C a/| 31/1 2/7 4/7 ORIENTAL CHIEF 96 IS/C 11/( S/7 7/7 f/l 11/7 LSfSJTiELISSirt m lU 2« 1/7 11/7 W7 IV7 17/7 lOMERTU.
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      1310 15 tgßMjoar «B T> w/cowmtw: H'burg R'dam Le S'ton Spore P. Relang D'mark Brew. Awerp Havn U.Rmi) umu i tm s jm 14 jm m jm n jm a jm 22 Ji« TUIIIS MUI It la II In 1 J»l I W 4 ial i*j a mu ut >■ a j*
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      1302 15 Lisbon. Lenoes, Mbury. HaM.^ Bilbao Dublin, Liverpool Lisbon. Loots, Tilfciry.^Hull •M UK CONTINCNT (Via Sax) Sails Europe Penanf P. Kelanf Singapore P*t« RONTIS Sailed 11/1* Km 12/14 Jaaa Belawan NCLOE 11/14 Jaae IS/1* Jaaa >*T Labuan, M ia. HK. Japan. OTESILAUS M Mar 11/11 laae 1/ lety Nota SINGAPORE i
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      1089 15 BEN LINE BLCB CONTAINERS LIMITED TBBIB EIPBESS J I K Jim X IHM Vl— I* 2 THAMES MABU H 11 I 1 1M» 4 tall '"J isai in ii >— nii"; nmi n i«i| h j»i» i» M» J UHIIK lOTKS »2L tali 2S tall MNtBONC lIWfM "I* iJiS?lll??2??Jsstah lOWLOON
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      978 15 Scan Dutch *9 EXPRESS CONTAINER SERVICE VIA SU WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA Feedn frmn f. uimi »«tsel S tar* b Msnlle* 2 X l 2* r l FRANCESCA 4/ I ELi ANORA 11/ I FRANCESCA 11/ 0 ILEAMRA ZS/ I) FRANCESCA 4/ 7 UEIMU I X Wwr, 4 Start
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      699 15 GUTHRIE BOUSTEAD AGEMCIES THE BANK LINE LTD. LOABS FHLU AFRICA FORTUNE STAR (Mauritius. Re»n,on, Mombasa, 'Jl? s »r«" 'l/i Capetown) Kuantan 3/ 5 JM P Mian* port FMM EAST I swrm utiu rn BMBCM. lamu IRISBANR Ptnang r K*'* l S"»W» >/ tOTBANi Pen.™ f. **lang B/13 S por. Wli
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      845 16 w TO ro*OM S'sore P. Kelang L.Havre H'buri Bremen R'dam A'wero iSST* i£ »S w "XT, ORIENTAL CHIEF W 15 Jwt IS iaae 5Wy 7 Jrty IWy 9My 11 My 21 Jm 12 tut 11 My 13 My 14 My 15 Jdy 17 My lw«M| wi*i <■ St"*"*" EAST f|ON
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      892 16 E. C.• 11. S. A. ATLAHTIC/6ULF SERVICE ACCEPTIN6 FCL/LCL CONTAINEIS FROM SPOHE, t. KELANC, PEIIMC Mr: NORFOLK. NEW VBB*. MV NUW, NOOSTON S.ngaOttM P. Kelang PllWf "A VESSEL" E.C./GREAT LAKES SERVICE um* w, Ml IK m«iw. niu mmk skm. Penang Be law m P. Kelang SupWi "VISNVA MAT*" (NRSA a
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      984 16 k 1 'Ml mstb call U I from imn (vu mn NEPTUNE ORIENT UNES LTD fULLY CONTAINERISED SERVICES: port P Kelang S hampton MMrg Brei m J Mat 21 km 24 Mm 2SM mm IMm »mm SIM m JIMM 3Mr IMT mm v taM IMy UMy M M mm 21Mm
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      850 16 MALAYSIAN INTtKNATtONAL SHIPPING Co*f>o*ATK>N BEHHAD express fully containerised service to/from med/uk/continent/scandinavia FeeOer *P MUM «n»i J'l*l li Mseilles 2) »3»» J) Hturg 4) Cburg FVANCESCA 4/ 0 KINO*) a, I 77/ I It, I 2/1 ELE4NORA 11/ I MB MJIMA > 1/1 11/1 ELEAMRA a/ I TOT*** HI 11/1 10/
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      681 16 INTRASEA (PTE) LTD f ,tb*" House «.3-5 F 0-' 'M M s Telephone W KMUI INDEPENDENT SEW/FIU. CKITWKI SOTICE T» Otm Sport P.MIOTC NM* UP** NT: U ItKMUMc MH SSSwSSf CHABLEMI WW II im IJ" H-tart/rdw/A-w--ciuuni MlUli W Ma n M fill Mr mmm N AfMU: i>nmn 2 1 111
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