The Business Times, 1 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, JUNE I t 1978 50 CENTS
    12 words
  • BRIEFLY...
    • Article
      Lock icon Jakarta's worry
      75 1 Reuter. JAKARTA, Wed. Singapore's decision to free control on foreign exchange could affect banking activities In Indonesia, a spokesman of the Indonesian Banks Association said today. Indonesian banks should not worry about loslhg clients though the decision could affect the country's banking. Indonesian monetary sources some fear that
      Reuter.  -  75 words
    • Article
      Dollar down
      74 1 LONDON, Wed. The US dollar fell on European foreign exchange markets today after an earlier slump in Tokyo, while gold price rose more than $2 an ounce. In Tokyo, the dollar fell to 222.50 yen at one Slnt, its lowest In six weeks, before closing at 3.15. In
      74 words
    • Article
      Lock icon Grim prospects
      68 1 Reuter. GENEVA, Wed. The United States next year may face its worst dollar crisis since the Second World War, prominent US economist Henry Kaufmann said here today. He told an international business conference that the US might have to introduce controls over the International flow of dollars because
      Reuter.  -  68 words
    • Article
      Lock icon Hike unjustified
      40 1 Reuter. PARIS, Wed. Saudi Foreign Minister Prince Saudi A 1 Faisal said here today that the present state of the oil market does not justify a price rise. He was accompanying King Khaled on an official visit. Reuter.
      Reuter.  -  40 words
    • Article
      Lock icon Pre-election pow-wow
      49 1 AFP. 9 KUALA LUMPUR, Wed. The National Front supreme council will meet next week to discuss preparations for general election. All the 11 component parties have been notified. Among the Issues to be discussed are the distribution of seats, election manifesto and strategies to be adopted. AFP.
      AFP.  -  49 words
    • Article
      Lock icon Exports off-colour
      75 1 AFP. TOKYO, Wed. Japan's export of colour televsion sets In April was 264,000 sets, down 37.5 per cent from a year earlier, or down 12.7 per cent from a month before, the Japan Electronic Industries Association announced today. The association attributed the decline to voluntary restrictions on shipments
      AFP.  -  75 words
    • Article
      Lower jobless rate
      62 1 SEOUL, Wed. An economic boom in the first quarter of this year backed by brisk construction work brought down South Korea's unemployment ratis substantially, said the Economic Planning Board. At end-March, the nation had 13.9 million peoBle employed up from 13.3 million a year ago. Unemployment rate
      62 words
    • Article
      Lock icon Dow Jones
      65 1 AP. NEW YORK, Wed. The stock market pushed ahead today, showing no immediate ill effects from news that the consumer price Index rose at a two-digit annual rate last month. The Dow Jones average of 30 Industrials, up 2.51 yesterday, gained another 2.94 to 837.14 In the first
      AP.  -  65 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      126 1 Rises MateaFailk 227 +25 Iatnm 298 17 E»k.l 100 15 P*1 505 13 Dutch Baby 195 13 UMW 210 11 Ayar Hitam Tla Petalia* 1020 10 830 10 Dourtitrifp 235 10 Pi—iMHklo 144 +10 CITuf 167 +9 Foils MUI 212 •18 SuprMM Corpa 249 -7 StraiU Trading
      126 words
    • Article, Illustration
      In Kuala Lumpur
      162 1 Rises M. Feedmllls 2.40 Boustodco 2.30 B. Ray* 2.36 U.M. Works 2. IS Pahang Cons 2.12 Premium Hdlgs 1.46 8.P. Text 1.51 T'ganuDer 1.02 Spore Merlin 2.15 M. U. tod. 2.23 .50 -*-.30 +.12 +.11 +.07 +.06 +.06 +.06 +.06 +.06 Foils Mai Tin Jeram Ma lex
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  • Article
    More leeway now for the ACUs
    885 1  -  MERCHANT BANKS STAY COOL By COLIN CHEE THE MONETARY Authority of Singapore has given permission to Asian Currency Units (ACUs) to engage In a wider range of activities, Including operating savings and current accounts. These changes, however, are not expected to have a major
    885 words
  • Article
    OVERNIGHT INTEREST RATE LEAPS
    255 1 THE INTEREST rate for overnight funds shot up to 14 per cent In the local money lnter-bank market yesterday, high enough for the Monetary Authority of Singapore to intervene to dampen it. The rise is unusual because overnight rates have been averaging 4 per cent In
    255 words
  • Article
    SPC accepts BP, Caltex as partners
    712 1  -  •y RONNIE LIM BINOAPORE Petroleum Company has accepted BP Singapore and Caltex Asia as Joint-venture partners in Its new refinery company. According to BPC's chairman, Mr. Tan Boon Telk, discussions are now continuing to "reach definitive agreement" on the Joint venture. In his announcement
    712 words
  • Article
    Beefy CPI rise
    111 1 A RECORD Increase in beef prices forced American consumer prices up 0.9 per cent in April, the largest rise in more than a year, the US Labour Department said yesterday. The latesfincrease means that America's annual rate of Inflation for the past three months was 10 oer
    111 words
  • Article
    URA faces $200,000 claim by piling firm
    260 1 SUM CHEONG Pilinf is claiming about $200,000 from the Urban Redevelopment Authority for loaeea incurred as a result of the delay in handing over the site at Hock Lam Street for pUThe'piling of Phase One of a 19-storey office-cum-shopping complex was awarded to
    260 words
  • Article
    Golden City takes over Eidai plant for $9m
    575 1  -  •y JOHN UM THE plant and machinery of the defunct Singapore Eldal have been aold for $9 million. The buyer la Oolden City Plywood and the aale was made through a Japanese trading house, Kanematsu Gosho. The official takeover was on May
    575 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      5 1 AKAI IL SEE BACK PAGE
      5 words
    • Advertisement
      Page 1 Advertisements Column 2
      120 1 AMOST IISnNGGSHED cm Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential that are tuned to the fully independent suspension and extensive padding for safety.
      120 words
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      Page 1 Advertisements Column 3
      80 1 SHIPPING TIMES ales fa WHAT it's Bk» to PEOPLE to hiMtot" > -GLUM (mm at Pu Malayrit CHANCE far Amu aapsttots Ctwat Wsrks 11 to wwi ttouetvw 2 HOLDERS query Malaysia lATA aaiadi rales fer Boildtog Society 11 afejats INDUSTRIAL cold il—mi WHAT it's like to »aaa#s a fcre<*M .\7r7.
      80 words
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      Page 1 Advertisements Column 4
      127 1 [,;_"$.+!>;{)%(|{|:![!//;!.%_:| CAPTURE THE WORID CUP !978 ON YOUR AKAI| .J* <* f tf A r *•> i v c>t «Nt* m s E=^=~~ J? W, AND YOU'LL BE ABLE TO WATCH IT ANYTIME AT YOUR OWN CONVENIENCE Dubbed by the industry as the 1-2-3 VCR the Akei VCR it ao
      127 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      An Australian opportunity for Asean exporters
      562 2  -  Br FOO CHOY PENG THE Asean Trade Fair, to be held In Sydney from Oct 23 to 28, will give Asean exporters and manufacturers a chance to prove themselves in the Australian market. y Sponsored by the Australian government, the six-day fair is organised
      562 words
    • Article
      SENATE CONFIRMS NEW U.S. ENVOY TO SINGAPORE
      146 2 THE UNITED States Senate k» wfcii Prsei dent Carter's ■—laatiim of Mr. Richard Kneip u the new smbassador to Btoapore. He ripliew Mr. John Hold ridge who It leaving on June 9 tor a new poet In Intelligence in Waaningtoa. Mr. Kneip will
      146 words
    • Article
      China toys
      42 2 THOUSANDS OF Chinese are snapping up a new range of toys put on the market on the eve of Children's Day. Many of the new toys are designed to stimulate an Interest in labour and science, Hslnhua News Agency said.
      42 words
    • Article, Illustration
      Places for all up to 18 years
      498 2 VOCATIONAL training Is Just els important as academic education, said Dr. Ahmad Mattar, Mintster-ln-charge of the Industrial Training Board (ITB). Speaking at a seminar organised by the Singapore Malay Teachers Union on "New Challenges In Singapore's Education System" yesterday, Dr. Mattar who Is
      498 words
    • Article
      Trade with France
      268 2 PROBLEMS that Singapore traders and manufacturers have with France may be solved or at least minimised once the FrancoSingapore Joint committee completes Its survey on French companies In Singapore and local firms which have trade connections with France. At present, there are about 100 French companies In
      268 words
    • Article, Illustration
      McNamara to tour projects in Kelantan and Kedah
      261 2 THE president of the World Bank, Mr Robert McNamara, will visit various development and eWorld Bank projects in Kelantan and Kedah during his fiveday official visit to Malaysia from June 9. Mr McNamara Is scheduled to visit the Muda and Mada schemes
      261 words
    • Article
      Lock icon Toyota, Nissan expected to assemble in US
      295 2 UPI. A JAPANESE union official said in Detroit on Tuesday he expects two of Japan's largest car manufacturers to build assembly plants in the United States in a move to combat rising import costs. Mr. Ichiro Shloji, president of the 553,000-member Japanese Auto
      UPI.  -  295 words
    • Article
      Lock icon Thais strengthen trade ties
      209 2 Reuter. TWO THAI ministers left yesterday for Vietnam and Laos to strengthen bilateral trade relations. Foreign Minister Upaalt Pancharlyangkun said before departure that he would stay In Laos until tomorrow for discussions with Laotian leaders on general matters, including the strengthening of trade and other relations
      Reuter.  -  209 words
    • Article
      OFF TO SOVIET UNION
      109 2 TWO TOP officials of Stevlc, the first local company to import printing equipment from the Soviet Union for distribution in this region, have left for a three-week visit of printing machinery manufacturing plants In the UBBR. They are managing director Steven Cnew and technical sales director
      109 words
    • Article
      Lock icon Westinghouse in Seoul
      67 2 UPI. WEBTING HOUSE Electric International Co. of the US will establish a locally incorporated subsidiary firm In Korea In July. Dr. Lim Myong-Jae, a ranking official of Westing house Seoul office, said the new firm to be called Westlnghouss Nuclear Korea will closely cooperate with the Korean
      UPI.  -  67 words
    • Article
      Need for more research into banking needs
      404 2 THERE Is an urgent need for more research Into the 1 banking needs of the public In developing countries like i Malaysia and Singapore, a < seminar on effective mar- i ketlng for banks and other financial lnsttutlons was < told < Mr.
      404 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      173 2 CHARTERED Bank, foreign exchange manager, Michael Wong, left yesterday for Munich to attend an annual forex congress of the Association Cambiste Internationale. Mr. Wong has been with the bank for 17 years, and was appointed forex manager in 1974. He represented the bank at two other congresses.
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    • Article
      MEMO PAD
      409 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 15: Compensation It Employee Benefits, Hilton, POD May 30-June 2: Management of Sales Force, SIM, SIM May 30-June 6: Senior Management Course, SITC, SITC June 1-3: Effective Advertising, SIM, SIM June 1-9: Mngt
      409 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      368 2 Salesmen: Get more results e DEVEIOP *OR£ SELLING CONFIDENCE e CLOSE MORE SALES DALI CA Wl i INCREASE YOUR PAY CHEQUE Every imlon of the Data Carnegie SalM CourM brtme over wHh practical down-to earth aeMng toola thai you can uao in ivory call you make. The Course teachea motivational
      368 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      625 2 CRYPTIC PUZZLE ACROSS TWO-IN-ONE CROSSWORD I M I II I I I 4 Food product of South Africa ana Mall, possibly (0) 7 Weapon used by an angry oarsman (8) 8 They happen to have a hole In the middle (6) 10 Elicits results (5) 13 Rhyme of the week,
      625 words
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  • OVERSEAS
    • Article
      Lock icon Money supply growth dulls interest in gilts
      711 3 Reuter BRITISH investment institutions are unlikely to resume majof purchase of UK government bonds until the government takes further action to control money supply growth, fund managers and analysts In London said. This continuing cautious stance by the institutions, which drew criticism from
      Reuter  -  711 words
    • Article
      Lock icon Australia shows no strong upturn
      234 3 Reuter. CURRENT Australian statistics provide little evidence of any quickening in economic activity, the Australia and New Zealand Banking Group Ltd said in Its publication, Business Indicators. But the significant reduction occurring in Australia's inflation rate, together with the favourable outlook for lower Interest rates
      Reuter.  -  234 words
    • Article
      Lock icon NO EEC ACCORD ON ENERGY PACKAGE
      110 3 Reuter. EEC energy ministers have failed to agree on a package of energy measures designed to reduce surplus refining capacity, cut back dependence oA outside ooal supplies and finance oil and gas exploration. The ministers at a oneday meeting in* Brussels approved Ui principle
      Reuter.  -  110 words
    • Article
      Lock icon Grain sale to China
      250 3 Reuter. ARGENTINA has agreed to sell China up to three million tonnes of wheat and maize and 75,000 tonnes of raw cotton over three years starting 1979. The sales provisions were contained In a three-year trade pact signed by Argentine Economics Minister Jose Alfredo Martinez de
      Reuter.  -  250 words
    • WORLD IN BRIEF
      • Article
        Lock icon U.S. APRIL M-1 RISES
        672 3 Agencies NARROWLY-defined US money supply, M-l, rose by 1.6 per cent In April to a seasonally adjusted U*****.5 billion (BsBoo billion) following a 0.3 per cent increase in March, the Federal Reserve Board said. In the year ending April, the aggregate, which consists of demand deposits
        Agencies  -  672 words
    • Article
      Lock icon Paris phases out price controls
      352 3 Reuter. FRANCE will start phasing out industrial price controls from today until Oct 15 at the latest. Economics Minister Rene Monory said firms and industry associations will be officially notified of the date their prices will be decontrolled. Mr. Monory said the system of controls
      Reuter.  -  352 words
    • Article
      Lock icon Steelmakers are optimistic
      307 3 Reuter. IMPROVED cash flow, higher production rates and Increased governmental awareness of the Import problem combined to give last week's 86th annual meeting of the American Iron and Steel Institute (Alsl) an optimistic tone. However, leading executives who attended the meeting said that they are still concerned
      Reuter.  -  307 words
    • Article, Illustration
      Lock icon Soviets will be party to wheat agreement
      444 3 AP. US Agriculture Secretary Bob Bergland predicted that the Soviet Union will be among the signers of a new global wheat agreement now being negotiated. The Soviet Union has avoided participation in past international wheat agreements. Mr. Bergland said, however, that the Soviet
      AP.  -  444 words
    • Article
      Lock icon Australian sugar price
      71 3 Reuter THE QUEENSLAND and Federal government* have Jointly agreed that the domestic wholesale price for refined sugar will rise to As29o (8*754) a tonne on June 5, from $200. The price last roer from $240 a tonne In June 1977. The Queensland government, which is the formal
      Reuter  -  71 words
    • Article
      No basis for dollar's recent firmer trend
      211 3 tm" technical raMtka ta its bMDMa ioM jZa* •ion ■iiHbi ia Fruktot that he views the outlook for the dollar with scepticism. TW currant iatoraot rate differential between the US aad Germaay should load to a stiuagia dollar, but with tho US trado
      211 words
    • Article
      IDA loan for India
      74 3 THE International Development Association, an affiliate of the World Bank, yesterday announced credits totalling U8833.5 million (8877 million) to In•nia. The World Bank said a rcredlt of 816 million is to assist the second phase of India's national seed programme to increase the availability of high
      74 words
    • Article
      Lock icon Bonn currency proposal is gaining support
      748 3 AP Reuter WEST German Finance Minister Hans Matthoefer says that West European support is growing for a German proposal to create a European stable currency area that would help boost the region's economic development. The Bonn government has also managed to convince an initially
      AP; Reuter  -  748 words
    • Article
      NO GUARANTEE, NO LOAN
      359 3 A CONSORTIUM of international banks, led by the Chase Manhattan Bank of New York, has told Peru It will not extend a UStfA million (***** million) loart to a major copper company there, unless the Peruvian Central Bank guarantees that it will not siphon away the
      359 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      316 3 What's been the impact of the yen's incredible climb? Subscribe now Airmailed from Tokyo me jam Economc jouuhl ENGLISH WEEKLY EDITION of JAPAN'S AUTHORITATIVE ECONOMIC DAILY The Japan Economic Journal is available to foreign «nd businessmen who are aware of Japan's great wfa of ya ipwiliriwi v potential market Subscribers
      316 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      398 4 SUBSTANTIALLY higher prices in Japan stimulated some buying Interest in the Singapore rubber market yesterday. This, together with upcountry covering of June, pushed prices up 1.50 cents. Profit-taking came In at the highs, but this was well absorbed by speculative support and forward demand, notably for
      398 words
    • Article
      RAS PRICES
      321 4 R A S. Prices In cents per kilo yesterday: Int. 1 R.S.8. prompt f.o.b. Int. 1 R.S.S June Int. 1 R.S.S July Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Closing tone: Easier Noon (per kilo) Buyers Sellers 227.00 222
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    • Article
      SSR AND SMR
      101 4 NOON SSR and SMR prices yesterday: Jui te July HAS (Curreat Mth) ward Mtk) Buyer* Sellers Bun n 1 Sellers (cents per k«) (eel its per k() SSR 20 (1-ton Pallet) 207.00 209.00N 208.00 210.OON SSR 50 (1-ton Pallet) 205 00 207 00N 208.00 208.OON M.R.E.L.B. SMR5CV
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    • Article
      Closing prices
      29 4 Robber: May Si Singapore: June 221.90 eeato (up 0.50 cent) Malaysia: June 229.90 cento (up 0.50 cent) Tin: MSI,US (down $21) Official ofllsrinc: 347 tones 42 tonnes)
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    • Article
      Produce exchange
      372 4 OUIET trading prevailed on the Singapore produce market yesterday with prices holding steady. A total of 30 tonnes of pepper arrived on transhipment. Pepper dealers were idle, as overseas buyers have withdrawn following a price hike of $5 per picul last week. A lowering of prices by $2.50
      372 words
    • Article
      Hongkong comex
      153 4 THE SUGAR futures market closed little changed yesterday, with (our lots traded against 23 on Tuesday. Trading was restricted to October delivery, closing US 0.02 cents lower. Net open positions after Tuesday's trading totalled 51 lots, while the Hongkong dally spot sugar price was steady at 7.40 cents.
      153 words
    • Article
      Rice
      195 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne FOB basis Bangkok): White Bin: 100 pet Ist class 442. 100 pet. 2nd class 427, 100 pet 3rd class 422. S pet 413. lOpet 400, IS pet 392. 20 pet 387, 25 pet 377. 35 pet unq.
      195 words
    • Article
      Palm oil
      78 4 C.I.F North European port* in US dollar* per ton untaM otherwise staUd LONDON; Tu—dmj PravtMM Malaysia 5* ffa bulk per tonne August Sumatra 5% (fa May June July August SeDtember Nigeria SHffa bulk st« 639 sir unch 710»lr/700 707Wpd MMklr/MA rMWw4 615 sir aaopd 600 sir 66tair OwSii
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    • Article
      SPOT PRICES
      193 4 TARN and cotton In Hongkong dollar*, not ex-god own: CMm fan: China Blue Phoenix ao-t 1.730. 32* 2.196. 4* a 2.200. (per bale of 400 lbs). Ptm Qui*: China Butterfly and OVobe Brand unqjDragon Head una. Five Lamb* una, flower and Butterfly una. Flying Oeese unq. (per piece
      193 words
    • Article
      Sugar
      222 4 SUGAR futures yesterday morning opened £0.75 to £1.40 per tonne lower in a turnover of 329 lots in London. The market was easier as local selling and long liquidation prompted by lack of followthrough to Tuesday morning's rise touched off some stoploss selling orders. The London dally raws price
      222 words
    • Article
      Straits tin
      203 4 THE STRAITS tin price In Penang yesterday fell MS2I to $i7wo on an official offering up 42 tonnes to 547 tonnes. Extremely large supplies of tin from miners due to further end month clearing added to London's overnight easier sentiment,, causing values to weaken. In LONDON yesterday, tin
      203 words
    • Article
      Coffee
      331 4 SPOT MAY yesterday featured the opening of the robusta market, trading at £2,000 per tonne before ending the call £25 higher at £1,995 Id London. Endmonth technicalities and tight supply fears were the main factors behind the rise. The market overall ended very steady, £29 up to £4 per
      331 words
    • Article
      Lead
      56 4 LEAD in London showed losses of £0.75 for cash and £1.5 for three months yesterday morning. The market was steady at the outset on modest shortcoverlng, but values subsequently drifted back under liquidation prompted by the turnround in copper. Three months traded down to £312.5 at the close compared
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    • Article
      Zinc
      48 4 ZINC yesterday finished the morning with losses of £1 for cash and £1.5 for three months in London. This metal followed the trend in lead and copper with early pre-market covering up to £331 for three months, giving way to profit-taking In the ring down to £328.5.
      48 words
    • Article
      Wheat
      148 4 WHEAT futures In Chlc&fo closed below new contract highs posted In all months on Tuesday, except July 1978. Gains of U8 7-1/4 to 5 J/4 cents a bushel were registered. Easiness In other futures markets helped stimulate light selling and prices slipped several cents In early trading on speculative
      148 words
    • Article
      Soybean
      152 4 SOYBEAN futures in Chicago finished the session USI3 to six cents below the day's highs, closing' with gains of 10* to. 19* cents a bushel on Tuesday. The market retreated on commercial selling and long profit-taking after an early advance took contracts from August forward to new season highs.
      152 words
    • Article
      Copper
      353 4 COPPER wire bars yesterday finished the morning with losses of £0.5 for cash and £1.5 for, three months In London. The market was buoyant during early pre-market dealings on short-covering and further fresh buying prompted by unconfirmed trade reports of a possible declaration by Zaire of a 70 per
      353 words
    • Article
      Cocoa
      267 4 TERMINAL cocoa yesterday finished the first call £5 to £10 lower, then rallied slightly In open trading on short-covering and Jobber support. Dealers said steadiness of sterling was a background factor, but the continued decline was mainly due to prevailing bear sentiment. Dealers said this was particularly evident In
      267 words
    • Article
      Gold
      429 4 THE KILOBAR In SlngaKre yesterday opened at 13,89b, gaining nearly 1160 from Tuesday's close. There was good support throughout the day and the market closed at a high of $13,915. Spot gold for London delivery opened at U*****.45/75. Buying support from New York brought the market to dose at
      429 words
    • Article
      Silver
      120 4 SILVER rose by 8.7 to 9.4 pence per troy ounce on Tuesday afternoon. The afternoon market moved to new record trading levels on further short-covering and chart buying which took three months up to 303.4 pence In the ring and to 305 pence on the kerb before final business
      120 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        500 4 OVERNIGHT rates on the local money market yesterday climbed to 14 per cent towards clearing hours when banks were caught short. Yesterday being base day, overnight rates opened at parity and was done at parity to -K per cent. However, low rates saw lenders overdumplng In discount houses,
        500 words
      • Article
        Asian $ and CD rates
        163 4 Asian and CD rates ASIAN cum raiM u at eh ncj fepotft k am an May SI Bl «tuk UlMi omm .71/4 n sr 4/4 .7 a/it 7/14 2 mtlM .7 a/4 4/4 bum j 7/4 6mtha t i/i VI f mttu 11/14 12mtt* .•a/4 4/4 K.ht. Dm. ■4m) I
        163 words
      • Article
        Discount
        37 4 ianos of prlcM oflnd by dlaet ohm on fifty 11 OjigraWM^- rwuu bOte SI/4 ll/t Bank Mite -month CD month CD 4 1J/14 4 11/14 41/4 4M 5 1/14 4 11/16 Source: National Discount Co Ltd.
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      • Article
        MLR
        24 4 THE average rate at> I L 1— wmcn Singapore nanfcg are currently prepared te lead to their best customers is 7 per oeat.
        24 words
      • Article
        London
        172 4 THE DOLLAR e6ued from initial levels In moderately active trading yesterday, partly reflecting sales from the Far East and some expectations of a further surge In US consumer prices when April figures were announced. The advance In the price of gold Is also triggering some profit-taking In the US
        172 words
      • Article
        Tokyo
        110 4 THE US dollar Mr overnight delivery yesterday closed at 223.15 yen, up from a 222.60 opening, but down from 224.00 at Tuesday's close. Dealers said trading was active, with volume US$549 million. The dollar moved fractionally in nervous late trading, following an Initial recovery after the opening fall, they
        110 words
      • Article
        Hongkong
        100 4 THE U8 dollar closed firm against most currencies In quiet trading yesterday. Dealers said it rose to 222.90/ 223.00 yen from Its 222.55/75 close In Chicago and was little changed at 2.1070/80 marks compared with Chicago's closing 2.1075/90. Bterllng fell to U551.8207/17 against Its 51.8230/50 Chicago close while In
        100 words
      • Article
        Euro $ rates
        126 4 Euro rates PERIOD Eurodollar deposit rates were adjusted lower at the opening yesterday for the Friday start to dealings. Short dates, however, opened steady In continuing fairly quiet overall trading. Initial technical fads m periods ranged from around 9/16 in one month to 1/18 in longer positions. The loss of
        126 words
      • Article
        Frankfurt
        30 4 FRANKFURT exchanges opening quotes on May 31. US 1.1071/ M cm i.rm« 8tol.O« Dfl M.31/41 atr IIMMI utt«/«n rtr *6 $orro Hkr M.M/71 Bfr con 6.M/40 Bfr fin Y«n
        30 words
      • Article
        Australia/NZ
        53 4 AUSTRALIA/NZ exchanges quoted on May 31. AUSTRALIA: U8 dollar l.lflVl.ini SterUnc O.tBS/O.IIM Ninety-day atr aaA buylnc rata* StcrUnc O.MM US doUan I.ISM NtMtjr-aar lonnn mcrinc raua Starting O.tMt US OoUan I.IK NKW ZEALAND: Stertlna O MTI/S iMI US (todar I.MM/I.MM NLnaty-da/ airmail bujrtnc rata*: A mm stemntf o 57W
        53 words
      • Article
        Zurich
        29 4 ZURICH exchanges closing quotes on May 90. us i.nafM UK imwi Canada I.TUVTIM WMt Oraaaj tl. KM/SMS mtmrtiniSli imnri M|la lIUMM Dntaaik B.WSISI Norway M.SIM/XM SimiailJMl Japan 9MWMM
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      • Article
        Treasury bills tender
        39 4 THE MONETARY Authority of Singapore In rites banks and discount houses to tender for $90 million 91day Treasury bills to be issued from June 6 to June 9. Each tender must not be less than 9290,000.
        39 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      278 4 Mathematics and Statistics in Penguins Statistics in Action: Peter Spnnt This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics
      278 words
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  • TRANSPORT
    • Article
      DAILY AIRCRAFT MOVEMENTS
      735 5 ARRIVALS Sanrie Local Opermtor Number Tine From MAS MH601 0700 KUL MAS MH682 0725 KCH SLA SQ101 OBIS' KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL OLA GA980 1030 HLP CPA CX710 1005 HLP RBA BI323 1025 BWN MAS MH605 1045 KUL
      735 words
    • Article
      Lock icon London freight
      164 5 UPI. HOLIDAYS lii the UK and US curtailed chartering activity and temporarily restricted monitoring of the recent finn Atlantic rate trend. Dallchl, however, conceded U5514.85 (5544.50) (FIO) to a mid-June loader in the US Gulf for a 50,000tonne grain haul to Japan. Other North American grain business, which
      UPI.  -  164 words
    • Article, Illustration
      SHIPS IN PORT
      362 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES A 1 Sallmiah (after San Francisco Maru) 10/11 Brlanski Rabotchl (0600 after Tim mar Trader b Luna Maersk hauls) 33/34 Cherry Vilja (B. Barge) (1800) 48 Oolden Globe (1800 after Luna Maersk) 35/36 Golden Lake (1800 after Samson) 23/24 Golden Source (1430)
      362 words
    • Article
      Iata's new rules for ticket sales
      635 5  -  By WANS LOOK KEAH THE International Air Transport Association (lata) has amended the rules for travel agents seeking appointment to sell tickets of lata airlines. To qualify as lata agents, travel companies will now have to provide a guarantee based on their six weeks'
      635 words
    • Article
      Lock icon Japanese ship exports hit
      362 5 Agencies. THE CHAIRMAN of the Japan Confederation of Shipbuilding and Engineering Workers Unions on Tuesday called on developing countries to restrain their ship exports because "the Japanese shipbuilding Industry has been critically injured by the third Industrial power's aggressive sales." Mr. Takayoshl Dol told an International
      Agencies.  -  362 words
    • Article
      Lock icon Aussie airforce buying mission
      141 5 AFP AUSTRALIA Is sending high-level purchasing missions to France to negotiate for modern aviation and naval equipment. A military delegation headed by Air ViceMarshall A.J. Cornish, Chief of Air Force Procurement Services, arrived In France last week for a six-day visit. Australia Is currently seeking replacements
      AFP  -  141 words
    • Article
      Indian Airlines buys two Airbus
      280 5 INDIAN Airlines has recently added two Airbus A3OG/B2 aircraft to its fleet. The value of the two aircraft is about US$53 million (***** million) and this will be financed by the airline out of its own earnings. With the launching of these two additional aircraft,
      280 words
    • Article
      Lock icon SECOND-HAND FOR VIETNAM
      118 5 Reuter JAPAN'S Kanematsu Gosho Company has signed a contract to sell two second-hand cargo ships to Vietnam and is arranging to sell two more. It hoped to deliver the four ships, worth a total of about U8912 million (8*27.6 million), to. the Vietnam Shipping Company by next
      Reuter  -  118 words
    • Article, Illustration
      PRIDE OF BEN LINE
      48 5 THE latest addition to the Ben Line fleet is a 71,500 dwt fearless Panamas bulk carrier n«m«H Benhope. Built last year by Sunderland Shipbuilders of the United Kingdom, the Benhope has been fixed on time charter for a round voyage from Europe to Brazil.
      48 words
    • Article
      Lock icon Towards freer air routing
      148 5 AP. THE US Civil Aeronautics Board which controls airline traffic In the US. tentatively decided to permit airlines to determine their own routes and thus reduce Federal regulation and encourage greater competition. Specifically, the CAB proposed that airlines be permitted to offer flights between Oakland and
      AP.  -  148 words
    • Article
      Lock icon Denmark wants EEC exemption from freight code
      353 5 Reuter. DENMARK Intends to propose that the European Economic Community should be exempt from the United Nation's Conference on Trade and Development (Unctad) code on shipping freight, shipping chief Mr. Woeldlke Schmidt said In Copenhagen on Tuesday. Mr. Schmidt, president of the Danish
      Reuter.  -  353 words
    • Article
      Lock icon Helping hand for Sasebo
      72 5 Reuter. A JAPANESE banking consortium will supply an emergency loan totalling about 500 million yen (S*s million) to Base bo Heavy Industries. The special loan will help the company pay its short-term bank debts out of total debts of about 120 billion yen. Sasebo will face
      Reuter.  -  72 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      223 5 w ■> S s v f 1 ,1 r» $105/-POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. Now on Sale at all good bookshops or order direct from In the kingdom of flowers, orchids are the undisputed glamour queens. Their elegance
      223 words
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  • Article
    NOL will find US trade rough
    640 6 NEPTUNE Orient Lines (NOL), as much Singapore's flag carrier as Singapore Airlines, started on the US trade before the airline this year, only with much less fanfare. The constraints on the shipping line were, of course, much less than those on the national airline
    640 words
  • Article, Illustration
    Plant democracy takes firm root
    1502 6 FERTILE GROUND IN JAPAN THIS comment was made by Mr. Naomi Yamakl, president of Mitsubishi Space Software Co Ltd. when he delivered a lecture at the training course on Industrial and Systems Engineering held by the Asian Productivity Centre. His attitude toward designing Jobs to
    1,502 words
  • Article
    Lock icon THE BIG RUSH TO OWN A DREAM HOUSE
    915 6  -  •r STEPHEN BRONTE FT IT "WAS a heart rending scene. A red-eyed Japanese housewife explained to a sympathetic television studio audience how her husband had suffered a nervous breakdown which put him in hospital. "We pleaded with them," she related, "but they
    FT  -  915 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      317 6 w A v sinGapura FORUM HOTEL MS Orchard Bm4, B'pcre t. TW: *****2 ti Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open
      317 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6a.m. to noon today: mainly fair Report for 24 hours prior to 7.30 p.m. on May 31 at the airport. Maximum Temperature 28.4° C Associated Humidity 85p.c. Minimum Temperature 24.5° C Associated Humidity 93p.c. Hours of Sunshine 0.5 Rainfall in Millimetres 9.4 Total Rainfall for the
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      269 6 SINGAPORE 5 3.00 PM Opening announcements followed by Village Craftmen 0 3.30 Diary of Events (Chinese) 0 3.35 Eight Heroes of Shou Liq (Repeat) A Mandarin drama serial 4.20 Intermission 6.00 Opening announcements followed by Lassie 6.30 News in Brief 0 6.35 Timang Tinggi Tinggi (Malay-. Repeat) 7.05 Candid Camera
      269 words
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  • Article, Illustration
    What it is like to manage a nationalised company
    1605 7  -  By ROBERT HERSHEY I IT STARTED In a big way In the 1940s with the railroads, the coal industry and the utilities as a legacy of World War n central plann- ing. Since then the nationalisation of industry in Britain has
    1,605 words
  • Article
    STRAWS IN THE WIND
    606 7 A SINGAPOREAN was a bit surprised, to put It mildly when one of the counter staff at a branch of Chung Khlaw Bank, where he was trying to open a current account with 91,500, asked him why he didn't open an account somewhere else. I know
    606 words
  • Article
    Meany and Carter are not hitting it off lately
    885 7  -  [FOBUM ...on America •y PHILIP SHABICOFF PRESIDENT Carter and George Meany, j—sldunt of the AFL-CIO, two powerful men who sometimes need each other, do not seem to have been hitting it off lateThelr relationship Is Increasingly cool, Irritable and unaccommodating, according
    885 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      326 7 a ife iSpa Lunch TODAY ot OKOH I ■> T :>■ Ft ■\x &)>-< 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penaog Road. Tel *****1 OKOH OF GINZA Hong Leong B!dg., Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel: *****2 What is it about the Imperial
      326 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Prices advance
      571 8 TOKYO Source: DBS-Daiwa PRICES advanced yesterday, led by quality stocks and largecapital muea on Increased volume. Large buy orders concentrated on Hitachi at the morning and afternoon openings. The main reasons for market advance were MOF's notification of abolishment of the 10 per cent cash requirement on margin
      Source: DBS-Daiwa  -  571 words
    • Article
      Hongkong
      401 8 FOLLOWING an Improved US market and another potential takeover situation arising (Textile Corp .of HK), yesterday's market continued the uptrend In moderately active early trade. Turnover was only HK$24 million In the morning but became much more active In the afternoon as the 470 level of the Index was
      401 words
    • Article
      Sydney
      374 8 THE market yesterday closed mixed with the Rundle Twins leading speculatlves lower as Central Pacific fell 80 cents to $8.20 and Southern Pacific 40 to $2.70, dealers said. Metals Exploration fell 10 to 36. Mining Houses 15 to 32, Northern Mining 20 to $1.60, Renlson 30 to $8.20 and
      374 words
    • Article
      Manila
      108 8 THE market yesterday closed higher with mining shares showing substantial gains and commercial stocks rising slightly. dealers said. Turnover roee to 9.6 million pesos from Tuesday's 6.1 million. MAY SI Pam Acoje MUUng AUuCon A Atlas Con B Bagulo Oold BenguetCon. B .01 IS 10.30 .0004 -0.0000 ♦0.7 +0.000<
      108 words
    • Article
      Bangkok
      144 8 MAY SI Bahts Asia Fibre 2S6 unci) Bangkok Bank 373 unch Bangkok Invest. 390 -8 Bangkok-Metro-politan Bank Bata BerllJucker 482 unch CarpetIntnl MS ♦I CharoongThal Wire Dumex DusltThanl 330 unch Paber Merlin First Trust 408 ♦3 Oenera Finance Indo-Thal Industrial Finance Corp 2475 -20 J And J Ho 408
      144 words
    • Article
      Selected indices
      64 8 FINANCIAL TIMES Monday 108% to 110* INDUSTRIALS H.K. HANG SENG Tuesday 472.5 Wednesday 472 57 Monday 47®. 1 480 31 Week Ago 470.6 A ark 471 14 DOW JONE8 AVERAGE SYDNEY INDUSTRIALS INDUSTRIALS Wednesday 427.79 Tuesday 428.85 Week Ago 425 65 Week Ago 845.2® ALL OR1 DIN ARIES
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    • Article
      Shares mostly higher
      174 8 /•< i \i.\i:Kiris SHAKE prices dosed generally higher an European bourses on Tuesday. m fke went higher In active trading AMSTERDAM share prices were generally higher led by Philips among Dutch Internationals following heavy demand. dealers said. On the European Options Exchange. turnover totalled 1.001 contracts with
      174 words
    • Article
      Amsterdam
      202 8 MAT M ru ABM SHOO ♦0 5 Ahold 104 00 -1.1 Akao 11.40 ♦0 1 A MXV S3 70 ♦0.3 Amfai U3.00 ♦05 Amrot Bank 75.SO -0.2 USA IS n soid -c.9 BoU 75 30 1.3 Bortumlj ***** 1.5 Burhmann 72.00 1.8 Byenkorf 88 20 -0.5 Calve Delft 168
      202 words
    • Article
      Paris
      253 8 MAY M Ft» CdhBHLLS Alr-LlnuUte 3oa .3 BSNOemli Danone C S F (Thom*on C»f) 586 263 *8 Clc Francalae des F>troie» Compagnke Financier* Compagnle Oenerale Credit Fonder De France Hachette (Ubralrle) Machines Bull Mtcheiin <B) Parlbai Pechiney Ctflne Kuhlmann Peugeot' 130 SO 373 3M 303 80 42.10 1470 101.SO
      253 words
    • Article
      Jo'burg
      363 8 THE majority of gold shares were higher on Tuesday aided by the Increase in the bullion price. Dealers said volume was not particularly heavy in the sold sector as the strength of the securities rand inhibited trading to a certain extent. A total of 214 shares traded with 78
      363 words
    • Article
      Milan
      99 8 MAT M Lire Ante 95 -0.5 Assoc Oen -ISO Basto*l 475 -s Central* 3620 -90 Flat 1850 -s Flnslder #3.75 ♦0.25 Oenlmmob 75 50 -0.5 IFI Prt 2146 Italcementi ***** 170 I taigas IUUtfder 704 I 170 -4 25 Mafneti M Pf 473 -10 Msrvlll Ere 290 25 -4.75
      99 words
    • Article
      Zurich
      171 8 MAY Francs Action* Sulsses 3MH urvch Alumnae Br. 1170 -5 II—— Ret S10 -2 Brown Boverl Br. 1730 ♦5 ClbaOelgyBr. 1190 -10 Clba0«lfyPC •SO -s ClbaOetgy Ref. •03 •I Credit 8ulase Br 212S Credit Suisse Reg 406 uncb Bektrowatt Br. ISM •10 Oeorce Fischer Br M0 •10 oiotauPe 380
      171 words
    • Article
      Brussels
      86 8 MAT FYs POKWARO MAJU BT Acec m -1 Arted 2325 -5 Astur 630 -a Brmacan 4M -i Bra-Lamb 1900 ♦4 C&npac sso ♦a Cock 410 ♦5 De Beers 110 ♦T Ebe* ♦5 Bectrobel 6980 ♦«0 Ob-lnno-Bin 1906 -l» O«T 1300 -a Hobok 2210 10 Petro 3870 25 Rjrl Dutch
      86 words
    • Article
      Frankfurt
      186 8 MAY Dm Aef-Telefunken Akao AlULeben Alls Vers BASF BayHTWbtnk Bay Vbank Bayer BBC BMW Pi TlH Cheat Venr Commerzbank Conti Oumml Daimler-Bent •0 28.90 615B 465 140.30 373 306.50 140 306.90 233.50 336 340.50 317.30 74 206 4-1.4 4-0.7 4-1.5 ♦0.6 ♦4.3 ♦0.1 ♦0.6 ♦3.5 unch ♦0.5 1.6 ♦3.5
      186 words
    • Article
      Market closes on a firm note
      1226 8 NEW YORK STOCKS closed on a firm note on Tuesday after being weak most of the day. The gain followed four consecutive toeing sessions. A number of analysts said the late firming resulted from speculation that April Consumer Price Index figures due yesterday would
      1,226 words
    • Article
      Toronto
      329 8 SHARE prices closed higher on Tuesday in active trading following Wall Street's positive lead and the Composite Index gain of Just over a point reflected strength In the gold and metal sub-group. Gains led losses 251 to SK). Massey-Ferguson fell to 12% on a second quarter loss but International
      329 words
    • Article
      CHICAGO BOARD OPTIONS
      1487 8 May 30 VOLUME on the Chicago Board Options Exchange expanded to 88,100 contracts from 71,677 contracts on Friday. OPTION JLY OCT JAN 8TOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am
      1,487 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      153 8 Don't let the language barrier stop you from wider r or contacts V W Mam** m I w--3 e*v <VJ °r^^° c\ \V* L? i ,e^ ied «e^' a* lO vN to f* \c I < *V* e V* *y* e o s *o t€? \N ft *A»* aO Af
      153 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Conoco selling interests in UK chemicals
      398 9 EUROPEAN CONTINENTAL Oil of the UJJ. Is selling Its chemical* interests In the U.K., which It holds Jointly with the National Coal Board and the British Steel Corporaturn. 'Conoco announced that It is "Offering for sale Its 50 per cdm Interest In Vlnatex, the
      398 words
    • Article
      BBL increases its dividend
      327 9 BELGIUM'S second biggest bank, Banque Bruxelles Lambert, announced a higher net dividend of BFY72 for 1977 on the back of net profits of BFr 702 million compared with BFr 594 million the year before. In .1976 the dividend was BFr 60. The dividend will be paid
      327 words
    • Article
      Lock icon Sterling strength trims Beecham earnings
      107 9 Reuter. BEECHAM Group Ltd announced pretax profit of €142.8 million (£126.8 million) in the year ended March 31, on sales of £866.1 million (£720.8 million). Dividend was 10.05 p making 18.63 p (6.14 p). Pretax profit is after interest of £8.2 million (£5.8 million). Earnings
      Reuter.  -  107 words
    • Article
      Lock icon Nissan expects fall in profits
      243 9 x\ SIA N Reuter. NISSAN Motor Co Ltd said It expects its after-tax profit in the business year ending next March 31 to fall to about 75 billion yen from 80.68 billion last year on sales estimated at 2.35 trillion yen, up from 2.25 trillion.
      Reuter.  -  243 words
    • Article
      Lock icon Tooth gets hold of a stake in Courage
      247 9 Reuter. SVbNEY: Tooth and Co Ltd sala it has purchased the 43.25 per cent Courage Ltd Group stake In Melbournebased brewer. Courage Breweries Ltd. and has accepted an Amatil Ltd offer to sell its 45 per cent stake. The Sydney-based brewer said
      Reuter.  -  247 words
    • Article
      Lock icon MITSUI DROP LIKELY
      160 9 Reuter MITSUI and Co Ltd said It expects net profit in the year ending March 31 to be slightly below the previous year's 10.95 billion yen, but gave no figures. It expected sales to rise slightly to 8.7 trillion yen from 8.65 trillion and said it hoped
      Reuter  -  160 words
    • Article
      Capital and Counties in the black
      139 9 CAPITAL and Counties Property Co Ltd announced revenue account profit of L' 3.07 million (loss €4.20 million), for the year ended March 25. Tax debit was £1.52 million (credit £1.51 million), leaving £1.55 million profit (£2.69 million loss). Revenue earnings per share was 2.05
      139 words
    • Article
      Income lift for Bass
      78 9 BASS Charrlngton Ltd announced pretax profit of £36.9 million (£35.5 million) in the 28 weeks ended April 4 on sales of £506.3 million (£468.7 million). Interim dividend was 1.8 S (1.*****3 p). roflt Is after cost of borrowing £6.7 million (£4.9 million), tax of £19.2 million
      78 words
    • Article
      Stenhouse pretax profit slips
      505 9 PRE-TAX profits for the six months to March 31, 1978, of Stenhouse Holdings slipped from £4.35 million to £4.02 million. Insurance pre-tax profits were down from £7.05 million to £0.41 million. Insurance broking commission and fees of £33.92 million (£34.32 million) were earned and net interest
      505 words
    • Article
      Lock icon Ultramar optimistic
      219 9 Reuter LONDON: Ultramar Co Ltd said it expects to do considerably better financially in 1978 than In 1977, despite the anticipated continuance of adverse results in Quebec. Earlier it reported pretax profit roae to £9.64 million in the first quarter from £3.92 million in the same period last
      Reuter  -  219 words
    • Article
      Lock icon Sharp hopes to pay same dividend
      183 9 Reuter. SHARP Corp said it expects after-tax profit in fiscal 1978 ending March 31 next to rise 7.4 per cent to eight billion yen from 7.45 billion In fiscal 1977, on sales of 325 billion yen, up eight per cent from 300.78 billion In
      Reuter.  -  183 words
    • Article
      Amoco sees an improvement
      160 9 AMOCO Australia, the petroleum refiner, lifted profit almost 18 per cent from A $7.6 million to a peak $9 million in 1977. The directors said the improvement had been achieved in the face of a petrol price freeze In New South Wales, Increases In crude costs
      160 words
    • Article
      Lock icon Textile Corp asks for suspension of shares
      115 9 Reuter. THE Textile Corp of Hongkong Ltd said It has asked the Hongkong stock exchanges to suspend trading in its shares. It said this followed an approach from a group of shareholders which might result In a cash offer by such shareholders for
      Reuter.  -  115 words
    • Article
      BANK OF TOKYO FALL
      74 9 BANK of Tokyo Ltd reported a 9.3 per cent fall in net profit during the six months ended March 31 to 9.03 billion yen from 9.96 billion the year before. The bank said the profit fall was attributable chiefly to the yen's sharp rise against major
      74 words
    • Article
      Latest Japanese results
      466 9 ASAHI Chemical Industry Co Ltd announced after-tax profit of 4.89 billion yen (4-50 billion yen) for the year ended March 31 on sales of 441.32 billion yen (473.43 billion yen). Dividend was five yen (same). Citizen Watch Co Ltd: After-tax profit 3.04 billion yen (1.85 billion) year
      466 words
    • Article
      Hongkong companies
      150 9 HARRIMAN Holdings Ltd announced consolidated net profit of HK83.01 million ($2.67 million), for the year ended March 31. Final dividend was four cents (same) making a total of 6.5 cents (same). Books close June 24 to July 3 inclusive. The company is a Wheelock Marden Group unit. San
      150 words
    • Article
      Int'l Harvester sets records
      620 9 f N.AMERICAN L d INTERNATIONAL Harvester's 1978 fiscal second quarter profit and sales were the highest for that quarter In the history of the company. Worldwide sales for the quarter ended April were U581.7 billion, up 0 per cent over 1977 results of 81.0 billion. Second
      620 words
    • Article
      Bun and Burger shareholders put up a fight
      662 9 DISSIDENT shareholders of Bun and Burger International Inc., operator of a chain of fast-rood shops, hope to frustrate a management plan to make the company private. Their strategy is to sell shares to their children and grandchildren and thus keep the number
      662 words
    • Article
      Lock icon Cook out of grain business
      214 9 AP. COOK Industries Inc., once the world's fourth largest grain-merchandising corn-' pany, has gone out of the grain business in a t ran sac-,, tlon with a Japanese firm. It took about 35 stock-, holders, including board chairmen E.W. Ned Cook, 10 minutes to give
      AP.  -  214 words
    • Article
      Lock icon Westinghouse Electric
      54 9 Reuter. WEBTTNGHOUSE Electric Corp expects second quarter earnings to exceed the US 73 cents a share earned in the year-ago quarter, vice president for corporate relations A.M. Kennedy Jr said arter an analysts presentation. Mr. Kennedy said the company had 12 successive, quarters which show proflC sains over
      Reuter.  -  54 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      165 9 COLLECTINQ Oriental Antojej 1 by Judith Moorhouse and Dries Blitz ra Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated
      165 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1385 10 BID and offer prlcoa officially luted and buslnees in and reported to the Stock Exchange of Singapore yeoterday with the number of shares traded ehown In brackets In lota of 1,000 unit* unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". •Big Board deal
      1,385 words
    • Article
      Government bonds
      118 10 I 3/4% IS/8/88 (250,000) 100.458 100.558) 11/4/11 (250,000) (100.858 00.758) 1/2% 1/1/78-81 (250,000) 101.758 101.958) T F 1/1/83 (250,000) 100.458 100.558) V«% T r 16W81-84 (250,000) 108.968) IV4/88 (250,000) (100.908 01.058) 1/4% 18/4/88 (250,000) 100.20B) 1/4% 18/18/84 250,000) 100.70B) 1/4% 1/8/87 (250/000) 100.70B) V 4% T P 18/7/87
      118 words
  • Article
    Unit trusts
    121 10 INCOME BOND UNIT (OmBt trim) INCOME BOND 105 J 1.11 INCOME BOND UNIT (Carat prion) INCOME BOND l.M 1.11 MAftJ*BUMIPU1 (>!■■»»■■' prim *A FUND he Kuril rirst Bumlputrm Second Bumlputrm Third Bumlputrm Fourth Bumlputrm Fifth Bumlputrm Sixth Bumlputrm (A) 2.M 2.24 2.22 2.39 l.M 1.41 2-71 First Bumlputrm
    121 words
  • Article
    SHARE INFORMATION SERVICE
    2502 10 1*78 High Low Company La* Sale +«rGr't Dtv Dhr Crr Gr*s YTd Net P/E Vel eooo) Day Hick Lew SECTION ONE INDUSTRIALS 189 214 172 225* 83 215 235 Vi* 235 406 432 132 123* 117 195* 60* 162 173* 144 256 394 Acma Alcom Allied Choc
    2,502 words
  • Article
    In Kuala Lumpur
    1779 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur 3tock Exchange yesterday with the number of shares traded shown in brackets in lota of 1,000 units unless otherwise specified. inoustbialb AJlnamata (X.918 2.368). AIM* (2 188 2 198) (1) 2.1#. Altl
    1,779 words
  • Article, Illustration
    Still on the uptrend
    703 10 STOCKS neither dmni nor retreated iaijili hUy pvtrftWdtykattatmc rally at d* dm anshed several e*utm tifktr with tdvuen In«li| 2 m Moat hifcgi wan still optimistic that As market will pick op mm. It Ms till consolidating, they said. Howorer, uothir Mftriut obsstisi expreeaod faan that
    703 words
  • Article
    KLSE closes steadier
    574 10 THE return of some buying Interest, after an easier start, saw the Kuala Lumpur Stock Exchange ending on a steadier note yesterday. The market opened weak but with buying and covering support after the midmorning break, a general recovery was noted across the board. Among the movers
    574 words
  • LATEST RESULTS
    • Article
      Dutch Baby Milk Industries (M) Bhd.:
      34 10 Group pre-tax profit of $3.29 million ($74,285) for year ended Doc 31, 1977 on turnover of $55.66 million ($47.39 million). Proposed dividend of IV* per cent leas tax.
      34 words
    • Article
      Malaysian Feedmills Ltd.:
      63 10 Group pre-tax profit of $2.13 minion ($2.06 million) for the year ended Dee 81, 1977. Parent company pre-tax profit of $I.os million ($2.37 million). Proposed bonus issue of one-for-four and a rights Issue of one-for-four at $1' per share. Plrst and final dividend of 5 per cent
      63 words
    • Article
      Leong Huan Industries Ltd:
      63 10 Unaudited loss for the year DecSl. 1977: $I*l mlllkm mlH^). LML: Group pre-tax nrcnt of $3.83 million (83JM an a turnover tof •84-88 million (828.98 nfflicn) for the year enad Dec 31, 1817. r Parent company's pik- prom of fSM mlfilfn (83.3mflUon) on tamoverfcf 888.38 million
      63 words
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  • COMPANY NEWS
    • Article
      Sin Chew puts up sparkling performance, raises payout
      576 11  -  ky MANO SABNANI J TRUE to market expectai tions, v Sin Chew Jit Poh ■-(Singapore) has emerged *Mth a bumper set of results its first year as a public company listed on the Stock Exchange of Singapore, t;, The company has Just
      576 words
    • Article
      KPS borrows M$7m
      279 11 KUMPULAN Perangsang Selangor (KPS), the corporate investment vehicle of the Selangor state government has signed a $7 million syndicated loan with four focal banks. ■> This is the first bank loan to be raised by KPS and will be used to finance its equity stake in the
      279 words
    • Article
      DIVIDENDS ANNOUNCED
      759 11 Current payment Ex Date Booka close Date payable Total for Total far the year previous year George Kent Shell UE(Pref) UE (Ord.) Kinta KeUas CMdC ll%(b) 7*% 7*% 10% 500%(n) 10%I Apr 26 May 2 May 12 May 12 May 10 May 19 May 9 May 12 May
      759 words
    • Article
      SCRIP ISSUES
      190 11 Compaay Particulars Ex Date Books Close United Plantations Bonus Issue of 1 for 10 May 26 Jun7 Main Bonus Issue of 1 for 3 May 30 Jun 9 TaaChaag Bonus Issue of 1 for 3 May V Jun 10 BibDhIc* Rights Issue of 2 for 7 a $1.25
      190 words
    • Article, Illustration
      Earnings slide at PMC continues
      1398 11  -  »y SUSAN BEVAN IT HAS been another glum year for the Pan Malaysia Cement Works group of companies. The parent company's profit continued the slide which began In the 1979-7 financial year with another fall of 27.6 per cent to Just $3.23 million for the
      1,398 words
    • Article
      Shareholders query MBS interest cut
      535 11  -  By STEVEN TAN A GROUP of small Investors are Increasingly taking a greater Interest In developments within companies quoted on the exchange and their latest focus Is on Malaysia Building Society. The shareholders who recently raised questions with regard to Faber Merlin and Pahang Consolidated
      535 words
    • Article
      COMPANY MEETINGS
      421 11 Shell Refining Co. (POM) Bhd: AOM to be held at the Shell Malaysia Building, off Jalan Se man tan, Damansara Heights, Kuala Lumpur, at 11.00 a.m. on June 1. George Kent (M) Bhd: AOM to be held at Bangunan MIDF, 117 Jalan Ampang, Kuala Lumpur, at 12 noon
      421 words
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      RECORD PROFIT AND BONUS FROM KSM
      419 11 THE Koperatlf Sebaguna Malaysia (KSM) has announced the Issue of bonus shares to its members, subject to the approval of the director-general of Cooperative Development. According to Datuk Lee San Choon, chairman of KSM and Minister of Labour and Manpower, KSM will be one
      419 words
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      216 11 *V A z^\NDREA= NEWMAN in Ftenguins > gains the tmit momentum of i thiiHn as Another Bouquet is Andr* Newman'* sequel to A Bouquet of Barbed Mr deed, but Gavin and Manson cannot let her go. Her presence lingers in the relationships of the people who know her. And the
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    Japan to issue 900b yen bonds
    131 12 A-SYNDICATE of Japanese underwriters has agreed to a Finance Ministry plan to issue national bonds worth 000 billion yen (SIS billion) In June, against 1.50 trillion in May and 1.30 trillion In April. The June issue is smaller because the Japanese money market will
    131 words
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    Aviation fund
    60 12 A THREE-DAY conference opened at the United Nations European Office here yesterday aimed at raising US$lBO million (***** million) to develop civil aviation In Africa. A five-year development programme proposed at the conference calls for the training of about 17,000 Africans in all spheres of aviation, the establishing
    60 words
  • Article, Illustration
    Lock icon Rough course for trade agreements
    826 12 CONGRESS A STUMBLING BLOCK Agencies. US SENATOR Abraham Ribicoff, chairman of the Senate Finance Committee's Subcommittee on International Trade, said Congress will take a critical look at any tradefreeing agreement concluded In the Genera Tokyo Round negotiations. Sen. Rlblcoff, a Democrat from Connecticut, was In
    Agencies.  -  826 words
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    Lock icon Chase sees Tokyo surplus shrinking
    620 12 Agencies. JAPAN'S trade surplus remains large but there are signs it is beginning to shrink, said Chase Manhattan Bank. The bank'v international Finance Letter reported that while exports valued in US dollars rose by 14.1 per cent from a year ago, in yen terms they
    Agencies.  -  620 words
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    Lock icon No price hike is in sight says Yamani
    247 12 AP. SHEIKH Ahmed Zakl Yamani, Saudi Arabia's Oil Minister, believes there will be no increase in the price of oil this year but cautioned that all countries must take major steps to cut usage. In an interview broadcast on Italian television on
    AP.  -  247 words
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    Korean banks borrow $1b
    149 12 THE Korea Exchange Bank (KEB) and the Korea Development Bank (KDB) will borrow a total of USSSOO million (551.16 billion) from a group of 50 foreign banks under an agreement signed in Seoul yesterday. Finance Ministry officials said the syadfeated package loan, fee be equally divided
    149 words
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    Lock icon Thailand imports up
    61 12 UPI. THAILAND imported over 81.2 billion worth of goods In the first three months of 1978, up 5.2 per cent over the same period last year, the National Bank of Thailand reported yesterday. Leading the list of Imports were fuel and lubricating oil, costing 8285 million, up
    UPI.  -  61 words
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    Lock icon America wants change in EEC export subsidies
    256 12 Reuter AGRICULTURE Secretary Bob Bergland said the US will press the European Economic Community (EEC) to change Its restitution policy on exports. Mr. Bergland said the US will insist in the coming multilateral trade negotiations In Geneva that the EEC stabilise the subsidies
    Reuter  -  256 words
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    Lock icon ASIANS ATTRACTED TO DEUTSCHEMARK INSTRUMENT
    562 12 Reuter. WEST Oerman Schuldschelne are attracting increasing investor Interest In Asia. Schuldschelne are loans evidenced by written debt acknowledgement similar to promissory notes and are issued to raise mark-deno-minated funds for German public utilities, landesbanks, states and the federal government. Banking sources in Hongkong said
    Reuter.  -  562 words
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    In defence of made in Singapore goods
    303 12 SINGAPORE manufacturers do pay attention to the quality of their products and take steps to ensure their reliability. This is the consensus of local manufacturers interviewed yesterday for their views on the "lack of Interest (of local manufacturers) in the quality and reliability
    303 words
  • Article, Illustration
    Government agrees to discuss Chinese chamber memo
    154 12 THE Qovarnneat has agreed to discuss the memorandum sent by the Singapore Chinese Chamber of Commerce last September urging the Government to outline the roles of the public and private sectors in national economic developThis was disclosed yesterday at the chamber's monthly management
    154 words
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    Lock icon No swings ahead in industrial demand for gold
    700 12 Reuter. INDUSTRIAL demand for gold this year should re* main around th< 1,000tonne level of the last few years as a result of-in-creased demand for Jewellery from Arab countries. Banque Bruxelles Lambert said in Its financial bulletin that Industrial demand, which accounts
    Reuter.  -  700 words
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    LONDON STOCKS
    799 12 LONDON. Wed. Stock prices advanced today and at 3 p.m. the Financial Times Index was up 5.0 at 478.4. Equity leaders gained up to Op while government bonds roee by up to Gold and platinum mining shares advanced In moderate trading following the strong rise in their respective
    799 words
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      50 12 p in I'.W Paperback THE HONOURABLE fit HIS LATEST #i WORLD BESTSELLER 'THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME N'»v\ ''D S.iK* ,i? ,i. j_'i m ici fxx*k v r~i<'{ > I >|-T ntrj'. (j tr. i Mi-.- I i;iH" I <»k- -j hHi < l'«
      50 words
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    SHIPPING TIMES
    4822 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates bf arrival and departure.frpm Singapore port. t Cumin llama ScanDutcb baa a Joint service
    4,822 words
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      506 13 MAERSK LINE Offers Regular monthly Express Conventional Sailing To ARABIAN-IRANIAN GULF f or further details c all Singapore *****46 Kuala Lumpur ***** Port *****0 Penan* ***** 1 SHIPPING STRAITS TRANSPORTATION PTE. LTD. IS COMPANIA NAVIERA MAMSIA, S.A. LAURO/VICEROY/GLOBAL JOINT SERVICE WOCPENOCNT MONTHLY DIRECT SERVICE TO IPATA, UMS SINGAPORE TEL *****22/fi,
      506 words
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      316 13 ocs MARINE FREIGHT MANAGEMENT SERVICE M'nrs'* 812 maxwell house, spore i V> y-V *****87,*****21.*****80 a -UMB TO EUROPE tPETER RICK ME IS tPH» tttAMERS 2/1 3/1 tMOSELSTEIN RUSSELSHEIM SOPHIE RICXMERS 15/1 17/1 S'PORE POtTKELMC KMM DISCHARGE PORTS 2/4 3/1 (/I UQ4OM.MnP.nMI MEN, HUME 2«/t 21/t 1/7 HOW. MEMO. MEN. HAMtWIG
      316 words
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      13 13 FORTNIGHTLY TO. MIDDLE EAST SEA J/gLAND MT RCFMEMItO CORTMNCt SCTWCI BOOKING TEL *****22
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      616 14 SHIPPING FULLY CONTAINERISED TO EUROPE S pin P.Mmi HtMf Ouki Bty NHriMf bpnai^ 3/6 5/6 24/6 26/6 27/6 29/b 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 23/7 30/6 19/7 21/7 22/7 24/7 5/7 7/7 30/7 1/8 2/8 5/8 14/7 16/7 5/8
      616 words
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      780 14 a SANKYO LINE! AUSTRALIA SERVICE f. KeUitg Loa*ngl«r. SEA BLOOM 11/13 hint U/15 km THREE STAR 25/30 June 27/21 lun« ADC, MEL WD. BANGLADESH SERVICE MAY SKY 11/19 JULY 16/17 JULY CHITTAGONG, CHALJU GENERAL AGENTS CONTAINER BOOKING LOAD AGENTS P. KELANG PENANG OCEAN SHIPPING 8 ENTERPRISES PTE LTD SINGAPORE TEL
      780 words
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      456 14 i LAND U.S.A./ ASIA SERVICE EAST SERVICE 40TH FLOOR HONG lEONG BLDG 16 RAFFLES QUAY SINGSPORt 1 Custome, Bookm| 22?5?22 lerm.nal 2V n '")3 ?57i 137 j J FULLY CONTAINERISED SERVICE Go om better to ttM Middle East PRIORITY BERTHIN6 ft DISCHARGE AT ALL PORTS ALSO ACCEPTING CARGO FOR BAHREIN
      456 words
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      810 14 Everett Lines H BwnM Fm Stv Sbipptni Corpn. 'BURMESE NATIONAL LINE" LOADING FOR MCOON *a«aaera V fHASHWECYAWYWA 1/2 WNE B F SS C Agar** in Motoyvo TEPS MALAYSIA Port Kelong Tal <M)-7355 Pcnong Tel *****/6756? /|2L£X CompMM ArfMitim Da "4 [Tp lurwiifid S. A. C.I. F. 5 vjUf/ "ARGENTINE NATIONAL
      810 words
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      651 14 WW/ <£§!£> B JARDINL AN I AH SAIL7a/q Orient Overseas Co*dauteA Line FULLY CONTAINCRISCO SERVICE TO EUROPE (VIA SUEZ) M** fa-tan UNMN H-hn r«M mmi JMMCMMBM M VI a/I a/I 2S/I 27/1 2VI iSSyJE.— M fft. a/i 2/7 4/7 I££V;rrZi« a/i >vt 2/7 4/7 T *S2?,£ lv JKf 1/7 V
      651 words
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      1244 15 OCL Overseas Containers Limited wrTAiNnsaiP SERVICE T> w/cxrriMEW: Hburj R'dan l( S'tw S'BOft t. Kelanf Ciurl 8 re*. A'werp Hrrr* U.K. Ml# ONESS I M I in 14 kl n M 17 IMIIWS l| IMAMES MAN II In 11 111 1 Id 1 M M I lal Ja •UU UT
      1,244 words
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      1375 15 Ajoat aarvr* ofßdn line BteflmnriGfei! Lme and NSMO ok/continent (tii aw) S/ 7 Mat 0/ 8 Mat IMr Lisbon. Lmm, Tilbary. Hull is/17 jom n/njaw 7i/niHt 17 Jety Bilbao Amst. 1/ 4 lalf 1/ IMr 1 fee Lisbon, L«i«o*i, T.lWry. I from ok/contihknt or.i m Saits Europe Pn»| P. Keltng
      1,375 words
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      952 15 05s BEN LINE t ippll »IM| _wyt nam rum mm sotm Umim lra.ce Ml UJL TIIII iimn JIM IM Nto xi« »Mi BM BM TUNIS M*n 10 tan 11MM IMI IM| «Mr IM| BIM •UU BAT II tan 21 MM 11 Ml II M| H ll* 11 M| I taft
      952 words
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      958 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA Feeder tnrn P. Ulawt Vessel FUMISU NHMI (LUMU 11/ I NO I fiancisca 11/« Tnu ELIAMtt nuciict 4/ i imi UUMU 1 JUTLAI Nit MJIItt Tmw IMIUN S'lOfi b Mttilltt 2 Rdaw 3 1/ *1/ c It/
      958 words
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      616 15 GUTHRIE BOUSTEADSTs THE BANK LINE LTD LIARS FME.iI AFRICA FMTVN nil (MmritiM. Rtvn.on. Moatbata, Majunfa, Durban, E.L, P.E., Capttom) Kiantan VI M P. Kalef* 18/11 188 Sptn l/l M raw cut i sbvtr imu P. Kelang S gori 1/ Mm P. WM| 8/11 tm S port 14/11 Ma LYKES ORIENT
      616 words
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      817 16 I A K line KAWASAKI KISEN KAISHA. LTD. m mas n lacciptiig t«|M t* lm*»w» via M«|l IC'IjSK SBi "re. it »2 •S jS IMr 2My 4* 15 Ml II Ml 5My 7My •Mr 'My 11 My 21 Me 22 Mn 11 Mr 13 My 14 My IS My 17
      817 words
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      996 16 E. C. -U.S. A. ATLANTIC/6ULF SERVICE accepting fce/lci CMTimos fmm vrm. t. mm. pom* Singapore P. WM| Bala-a* P*«aa« a vcsni~ u/ii m* E.C./GREAT LAKES SERVICE u*«* tar mrfbu. new tm*. mtrmu.. trrrntr. asrtarka. Rifiw. cmcacr. <nf MIKM K*i*h S.a®P«r* VFU£S:Bt££?::::: ,vr,_ «,5-. "SkiS CAUFORHIAI PACIFIC RORTH WEST SERVICE I.
      996 words
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      865 16 NEPTUNE ORIENT UNES LTD 'FULLY CONTAINERISED SERVICES: TB EMK (VIA SJtfi' HCNMMC CtNTMKtt NERCATM ORIENTAL CMIF SEVEN SOS HIKI ORIENTAL RESEANCNER CHEVALIER PMt Sport P.HeUni S tampion HMr| Brew. IMm 4Mm Mm 24J«b 25 Mm SM 4MM 21 MM IMm 21 MM film IMr 22 km 9My 29 Mm MM?
      865 words
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      649 16 "T MALAYSIAN INTERNATIONAL St**MNG CORPORATIONBCRMAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MEO/UK/CONTINENT/SCANDINAVIA IwM MiMtf vmw i Store FUKCKi 4/ «w a/ ELtANBBA 11/ HI BEIIMA 18/ aumi tituu m a ruK'iu 1/ J imi(M >/ > nuctsu ui l WTumu <*/ > S'OOre DMStllttt I w S 11/ 1/7 a/ «/i
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      594 16 IN a INTRfISEA (PTE) LTD MKKMUT SEW/FILL CMUINEI SBWE II EWI Sport P. talMf Huh Lllli*l Mi ICMtr Ml SliM M'wihtt/S'tw (U.K.U R'taL/M-tarl/A-MC*. I) la IJm «Jm H'tt»rj/R'**»/A'w*fp. ESTEILICI (CMtr. sfei»] Timet »1/l Mr H l*»tMt*M. IMb: i mtmua (no LTI.-tshwi-M l lm«w tei uippim ft reuiM MM. htk MITER
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