The Business Times, 2 June 1978

Microfilm: NL9737
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 FRIDAY, JUNE 2, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon No concession yet
      60 1 AFP. TOKYO, Thurs. Japan and Asean wound up their three days of talks here today with demands for substantial Japanese concessions for Asean tropical goods left for further discussion. The five Asean countries were pressing for more Japanese Imports of shrimps, canned pineapples, coconut and palm oils
      AFP.  -  60 words
    • Article
      Lock icon More yardage
      89 1 Reuter. MANILA, Thurs. The Philippines will be allowed to Increase Its export of textiles products to the United States by 25 to 32 per cent this year under a new five-year agreement signed yesterday, officials said. They said 87 of the 107 Items covered by the accord would
      Reuter.  -  89 words
    • Article
      Lock icon Shiprepair venture
      71 1 Reuter MANILA, Thurs. A Joint venture agreement to build and manage a shlprepalr faculty in Sublc Bay 80 km west of here has been signed between the government National Investment and Development Corporation and Japan's Kawasaki Heavy Industries, a senior Philippine official said today. The project cost of
      Reuter  -  71 words
    • Article
      EEC-China trade
      65 1 BRUSSELS, Thurs. A five-year trade agreement between the EEC and China, signed in April, came into force today. Trade is on a small scale at present, worth about US$2 billion (854.6 billion) a year. The agreement gives China most-favoured-na-tlon treatment on customs rates. It also grants Chinese goods
      65 words
    • Article
      Lock icon Murderous competition
      76 1 UPI. TOKYO, Thurs. Labour leaders from Asian shipbuilding Industries today agreed to ask their governments and companies to stop "murderous sales competition" and called for International cooperation. Executives from metal workers unions of 14 Asian countries Including Japan, South Korea, Singapore and Australia wound up the second Asian
      UPI.  -  76 words
    • Article
      Lock icon Japan's May surplus
      62 1 Reuter. TOKYO, Thurs. Japan's trade surplus in May was about unchanged from April's U852.27 billion (555.22 billion), Finance Ministry officials said. Briefing reporters after announcement of the $183 million rise in May's external reserves, the officials said export receipts were slightly down from $7.7 billion in April,
      Reuter.  -  62 words
    • Article
      Lock icon Dow Jones
      107 1 UPI NEW YORK, Thurs. Stocks wandered aimlessly early today as Investors waited for the government to report on Its leading economic Indicators and on the nation's money supply. Trading was moderate. The economic Indicators were expected to show a sharp increase from the 0.1 per cent decline in
      UPI  -  107 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Most active OrimtalHldf* FAN 480 460 14 +8 Inchcapo Simo Darby Pan Eloctric Fabor Merlin Pahang Cone Total Turn Total Valu Indi 455,000 276,000 OAJt AAA LeonC Huat OCBC Utd Plantation* Setron Nat Iron Dunlop Est Magnum Corps Malayawata 109 740 510 235 228 434 356
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    • Article, Illustration
      In Kuala Lumpur
      160 1 Rises Most active Renong 2.80 Pegl 5.2© Intraco 2.70 Chersonese 1.88 Dutch Baby 1.94 Dunlop Est 3.64 Rahman Hyd 4.58 A. Amal 4.90 jeram 2.15 KT Pau 2.90 Foils CasUefleld 10.70 K.L. Ind. 0.70 Sovran 1.56 Premium 1.36 UM Works 2.06 .66 .20 +.13 .00 .06 .06
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  • Article
    Asean to level up with the EEC
    1182 1  -  TURNING POINT YEAR 2000 By SIVA ARASU IN THE year 2000, Asean with the Best Asian countries of Taiwan, South Korea, Hongkong and Japan will equal the economic strength of the European Economic Community. Furthermore, the Asean nations' Income levels will come very
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  • Article
    SINGAPORE MAY BE FOREX HOST
    267 1 SINGAPORE stands a strong chance of hosting the 1980 congress of the Association Camblste Internationale, an organisation that embraces the national forex clubs of the Free World. A Paris meeting of the association's central committee last April had agreed In principle to hold the convention
    267 words
  • Article
    ICB's shares likely to be listed in July
    828 1  -  •r TOH THIAN SER THE SHARES of the Industrial and Commercial Bank are expected to be listed on the Stock Exchange of Singapore on July 17. Five million $1 shares are being offered to the public at $2.70 each. The prospectus and
    828 words
  • Article
    FASTEST GROWING
    92 1 MALAYSIA'S manufacturing sector will be the fasteet growing eector accounting for about >6 per cent of the country'* totaloutput by 1990, deputy Trade and Industry Minister Datuk Lew Sip Hon said yesterday, adding that the agricultural sector would undergo significant expansion and moderni- sation. Total export «»minp in
    92 words
  • Article
    Far East pays $60m for Great World site
    300 1 FAR EAST Organisation hat purchi—d for an Mtfanatod $60 million the 41,500 iq metres (500,000 square feet) site between Zion and Kim Scnf Bonds where the almost dormant Great World Amusement Park now stands. According to real estate sources, the land alone
    300 words
  • Article
    Government stake in Hitachi's $30m plant
    521 1  -  •y RONNIE LIM THE Singapore Government Is going into a 930 million Joint venture with the giant Hitachi group of Japan to manufacture colour television tubes In the Republic. The Joint venture company, Hitachi Electronics Devices (HED), will be set up this month. HED
    521 words
  • Article
    Lock icon Tokyo Round
    29 1 UPI. EUROPEAN Community negotiators warned yesterday In Geneva that exchange rate Instability could wreck a final package agreement at the Tokyo Round of trade liberalisation talks. UPI.
    UPI.  -  29 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      16 1 SAFE WITH AN ITOKI SAFE 47. Podium Mock OoidlMH Norton Singapore 11 T«t CM •USMESTEMS S.n«wor«
      16 words
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      Page 1 Advertisements Column 2
      149 1 Your link to world markets When the world is your market you'll need a bank with international capability and service to handle your dealings efficiently and with a minimum of fuss. Whatever your requirements and wherever your business take you, we've got the right connections for you. Whether you need
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      Page 1 Advertisements Column 3
      84 1 Leader. Pag. SHIPPING TIMES ASEAN ia the oonpater gai ACCOUNTANTS fer Maail PEOPLE la bariiw WjC uili is calm waters WHEN mm 4~ up to kill OUTLOOK fbr Aaia's drrat, inC oooatriaa 1 MALAYSIAN FaednilTs tab- ridfariw iM— 11 NO mmim ntp la Harcraa 1 way 11 S YHB paor
      84 words
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      Page 1 Advertisements Column 4
      350 1 rrWag/M*kj Ciltililn That Fib hi V«r Hart sot» Ag»r>n Guthrie leading Tel: *****5 I *****5 Wayfoong MAF. A lending hand when you need it most. "What I really need is a sudden windfall of hard cash" Francis Chong, Businessman "What he really needs is a helping hand" Wayfoong MAF At
      350 words
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  • TRADE AND INDUSTRY
    • Article
      Computers catching on
      424 2  -  •y OUR REPORTER COMPUTERISATION will continue apace In Asean and neighbouring countries In their bid to achieve higher efficiency to compete more effectively In the International arena. This Is the view expressed by Dr. Tony Tan, chairman of Computer Systems Advisers Limited (UBA) In the company's latest
      424 words
    • Article
      100-strong SSA team to Asean meeting
      121 2 THI Singapore B—tot? of Acoountante will aond 1 member delegation to the Amu Federation of Aecountanta conference is Manila from Nov 22 to SI. The theme of the conference is Aeeen accountaata' role ia the region 'a development. Four diecueeion pa peri will bo
      121 words
    • Article
      New office bearers
      61 2 Mr. Roeslan Rotoprawlro was elected chairman of the Indonesian Business Association of Singapore at Its fourth annual general meeting on Tuesday. He Is the general manager of Samudera Indonesia, a shipping company. He succeeds Dr. Muilana Wiraatmatja of Bank Indonesia. Mr. Tong DJoe of Tunas Pte. Ltd.
      61 words
    • Article
      An electorate gets the government it deserves
      416 2 ORGANISATION and an intelligent leadership are the two crucial factors In Singapore's survival and progress and the continuity of a sensitive leadership lies ultimately In the hands.of the electorate. Speaking at an AngloChinese Junior College seminar yesterday, Mr. 8. Rajaratnam, the Minister for
      416 words
    • Article
      Lock icon Drop in Indonesia's mineral earnings
      301 2 AP. INDONESIAN Minister of Mines and Energy Subroto said on Wednesday that the country's foreign exchange earnings from mining goods was U*****.4 million (SsB7o million) last year. Speaking at the Parliamentary Commission on Mining, he said the figure was slightly below the target of 1400
      AP.  -  301 words
    • Article
      No more golfing members for Jurong
      172 2 JURONO Country Club has stopped accepting golf members for the current year. Membership was reopened only last month under revised schemes and fees. New golfing members were offered transferable membership at an entrance fee of 18,000. Subsequent transfers will cost <3.000. Existing members have
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    • Article
      MATERIALS TESTING COURSE BY SISIR
      85 2 THE Singapore Institute of Standards and Industrial Research (Slslr) will be conducting a course on ultrasonic of materials from Aug 1 to 19. The course, for persons engaged In testing of materials, will cover materials testing In general, including ultrasonic thickness gauging and •mmlMUm of
      85 words
    • Article
      Lock icon Japanese team seeks KL joint ventures
      198 2 AP. A JAPANESE Investment mission held talks yesterday In Kuala Lumpur with Malaysian officials and businessmen on possibilities of joint ventures. The leader of the sixmember mission said two of them were looking for Joint ventures to make ornaments and dolls for export to
      AP.  -  198 words
    • Article
      Lock icon Miti proposes aluminium plant shutdowns
      246 2 UPI JAPAN'B Minister of International Trade and Industry (Miti), seeking to revive the ailing aluminium Industry, has proposed drastic reorganisation Including the shutdown of one third of the existing factories across the country. On Wednesday the ministry summoned representatives from seven aluminium smelters to explain
      UPI  -  246 words
    • Article
      Lock icon BOOSTING OIL OUTPUT OFF TRENGGANU
      103 2 AP EXXON CORP. of the United Btates, through Its Malaysian subsidiary Bsso Production, hopes to produce 190,000 barrels of oil dally by 1900 from its fields off Trengganu to the South China Sea.. In Its 1977 annual report, Exxon said this would be the result
      AP  -  103 words
    • Article, Illustration
      Lock icon Miki's letter buoys up NZ trade hopes
      637 2 Reuter NEW ZEALAND Prim* Minister Robert Muldoon tea a further ray of hope In improving trade relations with Japan m a letter he received on Thunder from former Japanese Prime Minister Takeo Mlkl. Mr. Muldoon read portions of the letter to a press
      Reuter  -  637 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      169 2 MR. RUDI GKMBBEN hMM been appointed Perkins Engines sales manager for East Asia and the Pacific. This is a new post created within the group's southern sales area, to expand Perkins dlesel engines sales In South-east Asia and neighbouring regions. He takes up this appointment after more
      169 words
    • Article
      Libya is keen on Malaysian venture
      146 2 LIBYA has shown Interest In a Joint venture with Malaysia to manufacture rubber automobile components and make hardboard from Umber residue, the Malaysian Minister of Primary Industries Amar Hajl Abdul Talb Mahmud said In Kuala Lumpur yesterday. After talks with Libyan Minister of Housing
      146 words
    • Article
      Lock icon Seoul eases some imports
      130 2 Reuter SOUTH KOREA yesterday announced that It would lift restrlctloni on the import of nine basic Items ranging from parts for ball-point pens to oil burners, but Impose curbs on several others to protect domestic producers. The Commerce and Industry Ministry, announci lng the country's trade
      Reuter  -  130 words
    • Article
      MEMO PAD
      399 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 15: Compensation ft 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 1-0: Mngt
      399 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      167 2 •JS-sffV* The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the exclusive "Foulks Lynch Review".
      167 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      657 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Harshly criticise the food (5) 8 Cheat out of zero pounds and one mark (5) 10 Mean to get drunk (5) 11 Some strange mineral of value (3) 12 Lose some of one's contents 13 friends within the fold?'(3, 4) IS A natural runner
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  • OVERSEAS
    • Article
      Lock icon Stop subsidising loss-makers, Bonn tells EEC
      527 3 Reuter. WEST German Economics Minister Otto Lambsdorff has called on other EEC countries to stop subsidising loss-making industries. Addressing a Foreign Press Club dinner in Bonn on Wednesday, he said countries which pay their Industry's losses from the State Purse endanger tne growth of
      Reuter.  -  527 words
    • WORLD IN BRIEF
      • Article
        Lock icon U.S. BABY BOOM IS OFF
        539 3 Agencies. WIDESPREAD speculation of a new baby boom In the United States has been undercut by the latest birth figures compiled by the government. The speculation comes when the fertility rate in 1977 rose for the first time In many years. But birth statistics for
        Agencies.  -  539 words
    • Article
      Lock icon US pumps in $3.5b to support dollar
      1149 3 Reuter OROSS intervention by the Federal Reserve and U8 Treasury In the foreign exchange markets totalled US$l.5 billion (5f3.45 billion) In the FebruaryApril quarter, New York Federal Reserve Bank said on Wednesday. In a foreign exchange press briefing, the Fed said it and
      Reuter  -  1,149 words
    • Article
      Lock icon FRANCE HANDS SHARE INVESTORS TAX BOON
      164 3 Reuter. THE French government has approved new measures to encourage investment in shares, Presidential spokesman Pierre Hunt said. Following the last Cabinet meeting, Economy Minister Rene Monory said share investment up to 5,000 francs in one financial year will be exempt from tax. Other
      Reuter.  -  164 words
    • Article
      Lock icon Problems await new IMF chief
      471 3 Reuter THE next managing director of the International Monetary FundXr. Jacques de Laroslere faces some crucial problems when he takes over In July. International monetary sources said the broad new powers given to the IMF for the surveillance of Its members' exchange rates In theory
      Reuter  -  471 words
    • Article
      Lock icon Cement supply drives builders up the wall
      275 3 AP A SEVERE cement shortage in certain US states is causing costly delays and higher Eices In the construction dustry. And home buyers are not the only ones paying the price. "We're having a very difficult time," said Donald Carver, president of Bacon
      AP  -  275 words
    • Article
      Lock icon Only imported beef will stem price spiral
      223 3 AP Reuter IT MAY be appropriate for the US government to allow increased imports of foreign beef to counter a record monthly rise In beef prices, the Federal Administration's Inflation fighter, Robert Strauss, said on Wednesday. Mr. Strauss was reacting to a 0.8
      AP; Reuter  -  223 words
    • Article
      Lock icon Prime rates in America may hit 10pc
      406 3 Reuter. AN AMERICAN economist, Albert Sommers, says he expects US prime rates to reach 9* to 10 per cent by the end of the year. This would be the highest level for more than four years, he said at a business conference In
      Reuter.  -  406 words
    • Article
      Lock icon More companies up copper prices
      258 3 AP. TWO MORE of the United States' biggest copper companies raised basic prices by UB3 cents (S7 cents) a pound, or 8.6 cents per kg, on Wednesday. Officials predicted that consumers would feel the effect of the Increase in about three months. Copper is widely
      AP.  -  258 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      110 3 For the man who knows Our male customers don't need to be shown the best. They already know what is the beet They know that Americaya has the finest of imported shoes, which are made of the finest leather available, by the most skilled of craftsmen and at duty free
      110 words
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      Page 3 Advertisements Column 2
      154 3 i 0 '.v.: '!s£'■:s*¥. •.-••> vf k .f < IS®®.. V >' T\ > v' b*i% A V-vi' v--sr. c#T 4 a View of Yihoyuen. Summer Palace in winter TSINGTAO the No.l beer in China Tsingtao beer. Brewed from the mineral waters from Mount Laoshan In China. During the Chin
      154 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      517 4 EASIER London advices led to a one-cent markdown Initially In the Singapore rubber market yesterday, after which reports of OSA denial of plans for a rubber procurement programme brought In some long liquidation. As a result, prlcaa dropped 1.50 cents In fairly active trading. Towards the
      517 words
    • Article
      RAS PRICES
      328 4 B.A.8. pricei In ctnti per kilo yesterday Noon Cloee 1 ;per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. l B.S.S. prompt f.o.b. 217.75 218.75N 217.25 218.28N Int. 1 B 8 8 June 218.90 218.75 218.00 218.25 Int. 1 R 8.8. July 218.25 218.80 217.75 218.00 Int. 2
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    • Article
      SSR AND SMR
      102 4 NOON 8SR and SMR price* yeiterday RA8 Jui M t Mth) (Forward Mth) Buyer* Seller* Buy art Seller* leper kg) (cent* per kf) (eeat SSR 20 (1 ton Pallet) 200.00 208.00N 207.00 209 OON SSR50 (1 ton Pallet) 204.00 208.00N 206.00 207.00N M.R.E.L.B. 8MRSCV (1 ton Pallet)
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    • Article
      Palm oil
      89 4 C.I.F North European port*, in US dollars per ton unlet* otherwise stated LONDON: Malaysian 5% (fa bulk per tonne Aug Sumatra 5% ffa bulk May June Jly August September October Nigeria 5% ffa bulk stg ROTTERDAM: Sumatra Max 5 June Zaire (Belg francs per kilo) Wed—day 940 sir
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    • Article
      Closing prices
      25 4 Rubber: June 1 WlfUHi Jium 218.00 enli (down Uurw orau)' Malayria: Jum 515.71 emu Ml 1.0(0 (■caogrf). OAeUI •Aria ill (down 114 Inm)
      25 words
    • Article
      Rice
      190 4 BANGKOK rice prices were quoted as follows yesterday: (US dollar* par tonne FOB ba«U Bangkok): Whit* 11m: 100 pet l*t claw 441, 100 S, 2nd clui 427. 100 pet SRI claw 9 pet 413,10 pet 400. IS pet 382. 20 pet 387 2S pet 377. 39 pet unq A-l
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    • Article
      Duty rates
      91 4 THE MALAYSIAN Minister of Finance has fixed these rates for the period from June 1 until further notice: CnxU palm oil: M 51.118.0398 a ton Processed palm oil: M51.267.16T7 a ton Rabfcsr: 216* cents per kilo Copra: MI9M.M a ton Paha Kernel: M 5238.03 a ton The rales
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    • Article
      Produce exchange
      406 4 PRICES on the Singapore produce market were mixed yesterday. Copra firmed, coffee steadied and peppers eased. The Philippines marked a the price of Its coconut by >11.50 per plcul and the local market firmed in sympathy. Copra Is now offered at $50 per plcul, up There was, however,
      406 words
    • Article
      Coffee
      360 4 PRIVATE Brazilian r«port« of unpleasantly cold weather In south Parana and fears of frosts during the next 48 hours which could hit somt coffee growing areas in Parana boosted London coffee prices in early active trading yesterday morning. At the end of an active extended opening call, values were
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    • Article
      Cocoa
      217 4 COCOA eased sharply on Wednesday afternoon, linked to belated liquidation of spot May prior to the month's expiry. But prices finally rallied on mixed short-covering support to close with pared losses of £10.50 to £25.50 per tonne. Spot May closed out last traded at £1,755 £52 down from Tuesday
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    • Article
      Straits tin
      220 4 THE STRAITS tin price In Penang yesterday was unchanged at 101,850 at an official offering down 134 tonnes to 213 tonnes. Bentiment ruled steady following ovem%ht London advices, with slightly more domestic and Japanese buying demand. In LONDON yesterday, tin gained £17 for cash and £12 for three
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    • Article
      Sugar
      208 4 FUTURES closed £1.25 to £1.75 per tonne lower In a turnover of 1,710 lots Including 13 options on Wednesday afternoon. The market eased further during the afternoon under the Influence of a lower New York market and steadiness of sterling against the dollar. Morning values had opened lower under
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    • Article
      Hongkong comex
      166 4 THE BUQAR futures market firmed slightly In continued quiet trading yesterday. Turnover totalled four lots. October was the only month traded, closing 0.06 US cents higher. Net open positions after Wednesday's trading totalled 52 lots, while the Hongkong dally spot sugar price rose 0.05 to 7.45 cents. Tmt
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      SPOT PRICES
      181 4 YARN and cotton tn Hongkong dollars, spot «x-rod own Cattaa fata: China Blue Phones 1.758. M s 1.180. 40't 2.253. (par bala of wo lbs). Ptaaa Oeeds: China Butterfly and Olobe Brand una Dragon Head una. Phre lambs unq, Flower and Butterfly Pakiataa Raw Cattaa: LBS 3 72.
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    • Article
      Soybean
      173 4 80YBEAN futures retreated on Wednesday after posting new contract highs In new crop months, with the old crop leading the decline In Chicago. July finished UBB% cents a bushel lower while August lost 7K cents. New crop months ranged H to 414 cents higher. Prices closed several cents above
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    • Article
      Wheat
      140 4 CORN futures In Chicago fall under hedge selling and speculative long profittaking on Wednesday after poeMng new contract* highs m new crop months. Final prices were uoaboa* one cent from the day'a lows, but off to two cents bushel. But commercial selling in nsarbys and December was a weakening
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    • Article
      Copper
      430 4 COPPER wlrebars In London finished the morning with all round losses of £9.5 yesterday. The early pre-market was lower, reflecting the overnight trend at New York, but short-covering confirmation of force majeure by Zaire on copper deliveries from July. Zamblan transport difficulties also aided the recovery, dealers said. Three
      430 words
    • Article
      Silver
      235 4 SILVER on the LME gained 1.3 to 1.2 pence per troy ounce on Wednesday afternoon. Values drifted back under profit-taking prompted by the turnround In US futures. Three months traded down to 305.1 pence In the ring and to 304.4 pence on the kerb. The morning market traded up
      235 words
    • Article
      Gold
      423 4 IN THE Singapore market yesterday, the kllobar opened at 8813.880. Prices declined slightly during the day before closing lower at 813,855. Trading was quiet. On a loco London basis, the metal opened at U*****.30/80. Tt* market fluctuated around this level with steady two-way business. It closed at 3184.10/40. The
      423 words
    • Article
      Lead
      106 4 LEAD yesterday closed the morning with gains of £5.25 for cash and £5 5 for three months in London. Values advanced sharply on the pre-market under short-covering and charlst buying prompted by rumours of labour difficulties at Comlnco Canada and, according to commission house reports, of a possible strike
      106 words
    • Article
      Zinc
      108 4 ZINC finished the mornlns with all round gains of £3.5 per tonne In London yesterday. General sentiment prompted light covering initially up to £334 per tonne for threg. months and a modest two-way trade developed In the ring around the higher levels. Sales were 3,200 tonnes. On Wednesday afternoon,
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        496 4 THE LOCAL money market opened yesterday with overnight rates calling at the stt per cent level as traders became uncertain which way the market would move. Wednesday's -high overnight rate of 14 per cent for a base day, when overnight funds should have gone at Kor below, kept
        496 words
      • Article
        Asian $ and CD rates
        124 4 Asian and CD rates ASIAN currency dtpoatt interbank rttw u it cIom on Junt 1. as-ar*' .71/4 7 5/B 1 mth .7 11/10 711/16 ...I 77/> .t 1/1 .89/11 17/11 .111/11 al/ii ...SI/4 |/t F»*. Dm. (■Milb prim) .11/10 ll/l ...li/ll 17/1# t mtiu ...11/1 It/It .111/10 111/11 Mm. 1
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      • Article
        Discount
        44 4 HANOI of ortow offmd bj houa« on Junt 1. Ortnufht !fc« C»n dapottU J*H 4B J- month TrMaury bills 11/4 dlaoou l/» »-month imitd J- month •-month la B CD 1 \1/t \vt >i/a 1 V4 11/4 1 Source: National Discount Co Ltd.
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        MLR
        21 4 THE average rate -at which Singapore banks ars currently prepared to lead te their best cnatomara la 7 par oast.
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        Hongkong
        95 4 THE US dollar yesterday was little changed at the close In aulet trading. Many dealers left for Munich to attend the forex conference. The US unit closed at its day's low of 2.0890/40 marks after opening at 2.0880/70 but above Its 2.0818 New York mid-point close, and at 220.88/221.10
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        London.
        218 4 FEARS over US Inflation some dealers caution the with April consumer price current situation is maskfigures showing an annual lngsterling's weakness, inflation rate or 10 per cent The dollar traded around In the latest three months 2.0855/ 70 marks against and renewed apprehension 2.0900/ 0910 overnight and over the
        218 words
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        New York
        210 4 THE DOLLAR closed near Its lowest levels of the day in thin trading on Wednesday, partly In reaction to news of a 0.9 per cent rise In US consumer prices In April. Dealers said the thinness of the market tended to exaggerate rate movements, but noted a bearish
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        Tokyo
        147 4 THE US dollar for overnight delivery closed at 221.20 yen yesterday, up from the opening 220.50, but sharply down from 223.15 at Wednesday's close. Trading volume was US$5B2 million. The dollar slumped at one point to 220.40 yen, its lowest since April 14, In early trading on Increased selling
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        Euro $ rates
        119 4 Euro rates PERIOD Eurodollar deposit rates yesterday were adjusted nlgher for the loss of ths Friday start to dee lings after Wednesday's technical gains, while day-to-day rates opened steady. Early trading was again light and fixed dates held steady around openings. Some light Singapore business was reported, Including some offers
        119 words
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        Australia/NZ
        35 4 AUSTRALIA/ NZ exchanges quoted on June 1. AUSTRALIA: oa dofiF i.un/ l.ur Marfaac t ail/ 0.61U 4 S| Nil I ov oocnr l JB M&r 1 R1V tint MS MM 1.011* 1 teqrtnc nat
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        Zurich
        44 4 ZURICH exchanm closing quotes on May 3L US l.StMM0 Can l M41-6M6 Dmk 90 41M-67U Ftr *****4-14U Bfr S TUB W»> OkT a tMMtM Kto M.M4MTI MrSTSI-MM Lit •.tM-lM Am Kb It.Ml-MM Port 4.im-14M Spin I MM «l| 0.M- 0.94 T«> own mi
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      Page 4 Advertisements Column 1
      56 4 The Love of nese ooking 'I JT rt.w m r* Mi*3? ■r a. aJr A* aK «»J M r/r*.* e r ■'V T U\, >77# *< rf i Kenneth Lo r V Konnoth Lo, the a a s r^rw "V. V 253 MM* jopp i» M -'m* 9 a I
      56 words
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  • TRANSPORT
    • Article
      Plain sailing for FEFC all the way
      761 5  -  By GOH ENG KEE THE FAR Eastern Freight Conference Is at peace with the Europe/ Far East shipping world. There are no problems It cannot handle and it is not ruffled by the highly publicised Soviet competition In the trade not even the
      761 words
    • Article
      Lock icon Rumania wants to go it alone
      106 5 Reuter. RUMANIA has opened fresh talks with the Dutch Oerman aircraft group, Fokker-VFW, with a view to building the 40-seater airliner VFW-614, a spokesman for the group said. Fokker-VFW halted production of the plane five months ago due to lack of orders. Rumania, which
      Reuter.  -  106 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      681 5 ARRIVALS 1 9 Operator Service Number Local Time From MAS MAS MAS CPA GIA SIA SIA SIA MAS GIA GIA OIA PAL RBA GIA SN SIA SIA MAS THAI KLM MAS SAS SIA SIA OIA CPA A'FLOT OIA SIA MAS SIA SIA CAL MAS JAL SIA MAS
      681 words
    • Article, Illustration
      MAIDEN TRIP
      84 5 THE 16,031 dwt Menestheus recently called at Singapore on her maiden voyage. The veeael, the third generation of the Menestheus family, was built at Nagasaki in Japan. The 165-metre long vessel, which can cruise at 18.5 knots, is capable of carry- ing containers u well as break-bulk cargoes.
      84 words
    • Article
      Lock icon CAB puts free-for-all test case to work
      508 5 Washington Star THE US CIVIL Aeronautics Board's decision to allow any airline to fly between Oakland, California and 15 major cities marks the first time It has awarded new routes to just about any airline that wants them without the usual time-consuming hearings
      Washington Star  -  508 words
    • Article
      Lock icon LONDON FREIGHT
      134 5 UPI. SOUTH American and South African fixing to some extent offset a reduction In the number of North American fixtures which comprised little besides the Toepfer charter of the Thuredrecht In June 15 to 25 position from Toledo ana the St. Lawrence to Holland with a total of
      UPI.  -  134 words
    • Article
      Lock icon Show goes on for Northwest
      125 5 AP NORTHWEST Airlines said It began flights from Chicago to Billings, Montana, and Seattle yesterday, management personnel for striking pilots. A spokesman for the Air Line Pilots Association said Northwest should concentrate more of Its efforts on resolving the month-long strike Instead of on sus.talnlng
      AP  -  125 words
    • Article
      Lock icon China's new piers for supertankers
      117 5 Reuter. ABOUT 20 new deepwater piers have been built In China In the past 18 months and some can handle 100,000-tonne tankers, Hslnhua News Agency said. The new docks are In Shanghai, Tientsin, Tallen, Chlnhuangtao, Yental, Tslngtao, Llenyunkang, Whampoa and Chanchlang. The smallest could handle
      Reuter.  -  117 words
    • Article
      Lock icon No tickets for Tel Aviv
      50 5 AFP CHINA'S national airline, the Civil Aviation Administration of China (CAAC), recently refused to Issue passenger tickets for Tel Aviv. The CAAC has a monopoly on the Issue of tickets for any foreign air company leaving Peking, even If the airline has an agency there.
      AFP  -  50 words
    • Article
      Lock icon Soybean trade opposes rate hike proposal
      162 5 Reuter. THE AMERICAN Soybean Association said It Is strongly opposed to the 10 to 20 per cent freight rate Increases for grain shipments being considered by the Southern Freight Association (SFA). An emergency proposal by the freight association calls for 10 per cent rate
      Reuter.  -  162 words
    • Article, Illustration
      SHIPS IN PORT
      407 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Berezovka (after Partlzanskaya Iskra) 47 Brlanski Rabotchl (1100 after Luna Maersk sails) 33/34 Bunga Mas (1800 after Turukhansk) 19 Corvlglia (after Atlas Premier) 18 Gavrlil Derthavln (1100 after Cong Hua It Brlanski Rabotchl hauls) 31/32 King Sun (0600) 23 Ocean Supply (B.
      407 words
    • Article
      New containership
      132 5 SEA-LAND Service, the largest container operator in the world, recently launched the first of its four new contalnershlps at Mitsubishi Heavy Industries Shipyard in Kobe, Japan. The new 208-metre long D-fl class vessel is powered by an energy-effi-cient six-cylinder dlesel engine. It has a capacity for 595 containers
      132 words
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  • Article
    Drawing strength from within
    436 6 BY THE end of this century the five Asean countries l together with the non-communist countries of East Asia Japan, Taiwan and South Korea could be on equal economic footing with the European Economic Community. That statement, by Professor Lee Soo Ann, speaking at a seminar
    436 words
  • Article
    Going public not the way out
    299 6 THE Industrial and Commercial Bank's public listing may set off a trend for the other small local banks to come to the market for funds. While this Is one response to the need for growth amidst the strong competition from the big domestic banks
    299 words
  • Article, Illustration
    Lock icon The Singapore dandy keeps the tills ringing
    1632 6  -  The shirt,. as we know it, started to evolve around the 15th century. Made either of wool, linen, hemp or silk (for the rich only) it had a low neck, full cuff-less sleeves and sloped gently out and downwards from the shoulders. In
    Her World.  -  1,632 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      270 6 Ml Orchard Bead, B'pct* I. Tel: S7IUS Sze Chuan Room A TREAT OF SZE CHUAN FOOD AT THE SZE CHUAN ROOM Is a heavenly delight prepared with care In the meticulous tradition of Sze Chuan Cuisine. You'll relish the fare at the Sze Chuan Room In the Slngapura Forum Hotel
      270 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      125 6 THE southwest monsoon has spread further north to the head of the Bay of Bengal and although steady southwest winds affect most parts of South-east Asia north of the Equator, bad weather conditions are not widespread. Singapore should therefore be affected by showery weather occasionally accompanied by thunder and gusty
      125 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      245 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Vengeance of The Snow Maid (Mandarin film-Repeat). 4.30 Intermission 6.05 Opening announcements followed by Exercise with Gloria 0 6.30 News in Brief 0 6.35 The Tony Randall Show Case: The People Speak 0 7.10 In Search Of Killer Bees 0
      245 words
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  • Article, Illustration
    Asian developing countries can expect good year
    1667 7  -  »y DILIP MUKERJEE ASIA'S developing countries can expect to get through 197* In reasonably good shape, notwithstanding the stagnation in world trade resulting from the poor performance of the leading Industrial economies. This Is the hopeful scenario emerging from a study of world
    1,667 words
  • Article, Illustration
    Lock icon Taiwan fights pollution
    509 7  -  3f* LIONEL TSAI Reuter FQH the tourist landing at the airport In Talpeh It may 3 behls first glimpse of J a pall of smog fcpaglng over the capital Mf* J .Then in the taxi to his hotel comes another shock constant exhaust fumes from Talpeh's tftgnderlng
    Reuter  -  509 words
  • Article, Illustration
    STRAWS IN THE WIND
    587 7 A SOFT-HEARTED execu- tive working In his office < was disturbed two days run- nlng by the pitiful mewing of a kitten, but try as he might, he could not see where the poor creature was. The next day, he was j looking out of the
    587 words
  • Article
    Lock icon The market for US Fed funds
    1029 7  -  IFOHUM, r ...on banking h MARIO MILLETTI NYT. IT WAS not a particularly busy day, Bill Duffy was saying. But as he spoke, brokers around his long desk at the Wall Street firm of Mabon, Nugent and Co began shouting at each other. A
    NYT.  -  1,029 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      308 7 TODAY Lunch at OKOH W m w i 4im ~A M HI 9 3 branches for your convenience: SINGAPORE OKOH Supreme House. Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bidg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel *****2 Youil feaa like royalty at the Rang
      308 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Prices up slightly
      583 8 S- TOKYO Source: DBS Daiwa. PRICEB vent up slightly yesterday on large buy orders tor speculative and low-priced issues. Most quality and hlghp rices issues turned bearish from the middle of the morning session, affected by the strengthened yen rate to the dollar, which suggests that price
      Source: DBS Daiwa.  -  583 words
    • Article
      Lock icon Hongkong
      422 8 Source: Sun Hung Kai """WITH overnight prices in London continuing to Improve 0 yesterday, the HK stock-market opened on a very firm note again and moved strongly ahead. i By midday the Index was up 4 1/2 points In very active trade. Once again Hutchison WhamSwere In the limelight
      Source: Sun Hung Kai  -  422 words
    • Article
      Sydney
      352 8 THE market ended with falls outnumbering rises about two to one In all sectors yesterday. The exchange announced an inquiry into Atherton Antimony. the FIJI gold prospector, and the shares closed down 15 cents at 85 cents. Diamond explorers were mixed, with Northern Mining down 20 cents to $1.40,
      352 words
    • Article
      Manila
      125 8 THE market yesterday firmed slightly but minings posted losses, dealers said. Commercials held firm while oils advanced minimally. Mining issues reacted to a decline in copper prices. Gainers total 17, losers 19, unchanged 21 and total was 58. Turnover declined to 8.7 million pesos from 9.8 million. JUNE 01
      125 words
    • Article
      Bangkok
      140 8 JUNE 01 Bahts Asia Fibre Bangkok Bank Bangkok Invest. Bangkok-Metro-politan Bank Bata BerllJucker Carpet Intnl Charoong Thai Wire Dumex DusltThanl Faber Merlin First Trust Genera Finance i. Indo-Thal Industrial Finance Cprp J And J Ho Jalaprathan Cement Karnasuta LeeKwangMln Metal Box New City Raja Finance Rama Towers Safety Insurance
      140 words
    • Article
      Selected indices
      56 8 FINANCIAL TIMES INDUSTRIALS Wednesday 478.8 Tuesday 472.5 Tuesday 107* to 108* H.K. HANG SENG Thursday 477.25 Wednesday 472.57 Week Ago 470.19 DOW JONES AVERAGE INDUSTRIALS Wednesday 840.01 SYDNEY INDUSTRIALS Thursday 428.03 Tuesday 834.20 427 29 Week Ago 837.92 LONDON DOLLAR PREMIUM Wednesday 106* to 107 ALL ORDINARIES Thursday
      56 words
    • Article
      Frankfurt up on a broad front
      569 8 I-;I n >i'i:,\\ M. 1 /i7\7-;7N SHARK prices were generally mixed on European bourses on Wednesday However, in FRANKrURT ahare. prices roee on a broad front, buoyed by institutional investors' buying interest and the weaker dollar, dealers said. Motors were In strong demand, with
      569 words
    • Article
      Amsterdam
      172 8 MAY 11 ru >/- ABN Ahold Akao AMEV Amlu Amrot Bank Bergon Berk Bob Borsumlj Burhmann Byenkorf Calve Delft DeUMlj Ennia Fokker Fort Gamma Older OUtbroc Go bain Hagemeyer Heine ken Holland-Am Hooforem Hundou HVA IHC Intn liuller KLM KNSM 358 SO >0.9 104.W >o.o 31.70 >0.3 M.M >0.0
      172 words
    • Article
      Paris
      250 8 MAY 31 Frs CORBEILLE Air-Liqulde B S N OervaU Danone C8F(Thom«onC*t) 300 579 280 unch -10 -J Cle Francalae deiPetrole* Compagnie Financier* Compagnte Oenerale Credit Foncl«r De France Hachetle 132.90 375 350 220 +2 ♦J ♦3 18.2 Machine* Bull Michelln(B) Paribas 42 1450 180 -0.1 -20 -:.5 Pechiney Clglne
      250 words
    • Article
      Milan
      98 8 MAY >1 Lire Anlc 95 unch Assoc Qen ***** -00 Butogl 479.75 ♦4.75 Central* 3640 +20 Fiat 1840 -10 Flnatder 93 75 unch Gen Immob 78 ♦0.5 IFI Pri 2143 -e Italcementl ***** -80 I taigas 712 Italslder 173 ♦3 Magneti M Pf 483 10 Marelll Ere 289 75
      98 words
    • Article
      Zurich
      173 8 MAY >1 Francs ActionsSuisaes 266 -2* Alusulsse Br 1270 unch Alusulsse Rm Brown Boverl Br. 512 IMS >2 -45 ClbaQelfy Br 1115 -IS Clba Oelcy PC 830 -20 Clba Oelcy Reg. 588 -15 Credit Suisse Br 2115 -10 Credit Suisse Ref 406 unch Elektrowatt Br. 1640 -15 Oeorce Plscher
      173 words
    • Article
      Brussels
      93 8 MAY SI FT* FORWARD MAW UT Acec 274 -> Arbed 2425 ♦100 Astur 830 unch Braacar. 490 4-4 Bru-Lamb 1500 unch Canp&c 550 unch Cock 448 30 De B**rs 172 ♦2 Ebei 2220 -10 Electrobel 8380 unch Gb-Inno-Bm 2000 15 Gev 1300 unch Hobok 2280 +50 Petro 3865 -15
      93 words
    • Article
      Frankfurt
      205 8 MAY SI Dm Aef-Telefunkcn Akzo Allz Leben Alls Vers BASF Bay H T Wbank Bay Vbank Bayer BBC ao 29 20B 823 469.90 140 2MB 290 140.40 2MB uneh -fO.S -0.3 -0.5 +0.4 BMW Cassella Chem Verw Corn mers bank Contl Oumml Daimler-Bens DM— Demag Deutsche Bank Dretdner Bank
      205 words
    • Article
      Lock icon Better times at Control Data
      604 8 NYT THE Control Data Corp.. long perceived In Wall Street to be an also-ran against the International Business Machines Corp.. has emerged as a leading (actor In the dynamic computer services Industry and, as such, appears to be finding some friends among Investors. Some will
      NYT  -  604 words
    • Article
      Market rises sharply
      1196 8 NEW YORK A REPORT that In nation raced at a double digit pact In April (iIM to drtirtM stock market on Wednesday which ecored a ■harp rise before some late profit-taking eroded the gain. Analyst* said commenti by administration officials last week had led Wall Street to
      1,196 words
    • Article
      AMEX NOTE
      99 8 THE American Stock Exchange plans to agresslvely seek new options listings If and when the Securities and Exchange Commission lifts Its ban on expansion of options trading, chairman Arthur Levitt, Jr., told a news conference. Asked If the Amex would seek to list more options already traded on
      99 words
    • Article
      Toronto
      350 8 SHARE prices closed broadly higher on Wednesday In busy trading, rne Composite Index was up more than 5-H points and advances outnumbered declines 264 to 188. All 14 subgroups posted gains, with golds, financial services and industrial products showing the largest Increases. Trans-Canada Resources (ell C 17 cents to
      350 words
    • Article
      CHICAGO BOARD OPTIONS
      1489 8 May 31 VOLUME on the Chicago Board Options Exchange expanded to 108,021 contracts from 88,100 contracts on Tuesday. OPTION JIT OCT JAN STOCK Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank
      1,489 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      120 8 For a Successful BANKING Career I LIT PTA ERA MA SCR! NEII W)lseyHall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part U or Stage II examinations leading to the Banking Diploma (AIB). The duration of
      120 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon KHD expects lower profits
      292 9 r KUROPKAN Reuter. tju 11 KLOECKNER—■ HumboldtDeuts AO announced parr: rent company turnover in -•i. the first four month* of 1978 was 810 million marks <-(87* million marks) of which 421 million marks ,(452 million) was domestic r and 389 million marks (422 million) abroad. Incoming
      Reuter.  -  292 words
    • Article
      Talks start on Leyland project
      331 9 BRITISH Leyland, which plans a new £27 million foundry, has started talks with private sector companies on funding the project. Blrmld Qualcast seems the most likely candidate UJ but Leyland would probably have a dominant Interest In •any partnership. Leyland's decision to go ahead is
      331 words
    • Article
      Earnings take a dip at Roche
      163 9 NET profits of F. Hoffmann-La Roche und Cie AO, parent company of the Swiss chemical group, fell slightly last year to BwFr 87 million from SwFr 72 million in 1975^ It Is recommending an unchanged dividend of BwFr 550 per share and participation certificate.
      163 words
    • Article
      Lock icon Kennecott adjourns meeting
      309 9 Reuter. KENNBCOTT Copper Corporation, struggling to head off a takeover attempt by an east coast conglomerate, adjourned Its annual meeting for the second time to wait for final tabulation In a vote for the company's board of directors. Frank Mllllken, Kennecott chairman, aald the meeting will be
      Reuter.  -  309 words
    • Article
      Bankers Trust tops in fund management
      137 9 AIDED by a 21 per cent improvement in trust assets during 19T7, the Bankers Trust Company's trust department surged ahead to become the largest such department in the US as at year-end 1977, according to published assessments by American media. The bank's total trust
      137 words
    • Article
      Lock icon SEARS SURPRISE
      137 9 Reuter SEARS Roebuck and Co., .the country's largest retaller, reported slightly better than expected profits for the first quarter of 1978. For the fiscal quarter ended April 30, the company's profits rose 0.9 per cent to U***** million, or 48 cents a .share, on sales of 14.07 billion.
      Reuter  -  137 words
    • Article
      Lock icon Hudson's Bay Oil test
      142 9 Reuter. HUDSON'* Bay Oil and Ou Co Ltd said It u participating In the drilling of a 10,000 Toot offshore test In Aegean Sea water* In the Republic of Turkey. The well will be drilled from a drlllahlp and Is expected to start In mid-June, it
      Reuter.  -  142 words
    • Article
      Cominco cut
      28 9 COMINCO Ltd cut Its semiannual dividend to Csl a share from $1.15, payable June 23, to shareholders on record June 7, the Montreal Stock Exchange said.
      28 words
    • Article
      Lock icon Hard ride ahead for Chrysler
      654 9 r N AMKRICAN Washington Star CHRYSLER Corp., the nation's third largest car maker, has told prospective Investors that It* financial problems are expected to carry over Into next year following an anticipated substantial loss for this year. Chrysler made the prediction m a preliminary prospectus
      Washington Star  -  654 words
    • Article
      Massey-Ferguson in the red
      542 9 MASS EY-FERGUSON, the Canadian-based multinational has reported a second-quarter (April 30) loss of C 516.7 million against a year ago profit of *2.1 million. Sales rose to $776.0 million from $660.9 million in the previous corresponding period. For the six month period, the loss came to
      542 words
    • Article
      Sohio tests disappoint
      90 9 STANDARD OH JCo (Ohio) said two production tests on the Sag Delta No. 1 well, which was drilled in 1976 near Prudhoe Bay, on the North 81 ope of Alaska, were disappointing. Bohlo, In releasing the details of the test well, said Alaska's Department of Natural Resources
      90 words
    • Article
      Lock icon Southern Pacific Properties to hold Egyptian talks
      367 9 Reuter HONGKONG: The board of t Southern Pacific Proper- tie* Ltd (SPP) is to hold talks with tbo Egyptian government next wow on the latter's cancellation of their Joint venture to develop a tourist resort near the pyramids, The chairman of SPP, Mr.
      Reuter  -  367 words
    • Article
      Lock icon AAR auditors disagree
      249 9 r ASIAN Reuter. MELBOURNE: AAR Ltd said Its auditors, Arthur Young and Co, disagreed with the company on Its treatment of capital profit arising from the sale of 1U stake In the Hall Creek coal project. In Its report accompanying the earlier reported profit for the nine
      Reuter.  -  249 words
    • Article
      Myer to fall short
      92 9 MELBOURNE: The Myer Emporium Ltd said It forecasts group profit for Its trading year ending July 31 will fan short of the A 544.65 million earned after tax in the previous year. In Its printed statement for the first half year, Myer said It forecast the
      92 words
    • Article
      Exchange movements could affect Marui
      376 9 MARUI Company, a Japanese department store specialising In credit sales, expects consolidated net profit to rise 5.9 per cent in the year ending January, 1979, from Y8.90 billion during the past fiscal year, Mr. Tadao Aol, the president, said in London. Consolidated sales are expected
      376 words
    • Article
      Japanese results
      209 9 DAIWA House Industry Co Ltd announced after-tax profit of 3.52 billion yen (5.21 billion) for the year ended March 31 on sales of 188.12 billion yen (198.11 billion). Dividend was 10 yen (same). Japtn Air Ums Co Ltd: after-tax profit 8.14 billion yen, year ended March, 31 (11.02
      209 words
    • Article
      Lock icon US$60m contract signed by EIB
      163 9 BC)N I)S<V LOANS] l A Reuter. LUXEMBOURG: The Eurofiean Investment Bank EIB) said it has signed a contract for a US$BO million 8.375 per cent eight year bond issue at 99.75 per cent, for the most part to be placed in Italy. The Issue Is
      Reuter.  -  163 words
    • Article
      Arbed issue
      67 9 LUXEMBOURG: Banque Internationale a Luxembourg confirmed that It is leading a 500 million Luxembourg franc 10 /ear 7.78 Scent bond issue at par Artoed Finance BA. The bonds are unconditionally guaranteed by the parent company Luxembourg steel producer Arbed BA. v Subscriptions are open from May 90 to
      67 words
    • Article
      Kontrollbank subscription
      53 9 BERNE: The compulsory resident subscription quote of the 90 million franc, 15 year, four per cent bond Issue floated hsre at par by OesterretcMsche KontroUbank AO was only putty received, Banque too Ernst et Cle said. Ths remaining per cent of the loan available to nonresidents met "good
      53 words
    • Article
      Arab plan
      29 9 PARto: The Arab International Bank is planning a US$25 million note issue over five years with a probable coupon of 6-tt per cent, informed banking sources said.
      29 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      82 9 v^ji ut ,oo ,n w \!i »>«* 10 °r^ o 1 "S «W* wOl "M* lor """t 3S£ZsS**£sS2£SS&" saSS-g^SS^S" j^ssgasfr"* P9CPB Fadarel Pubi>c«tion« iCWjI Mail Ordar Division 1 Naw Industrial Road. Singapore 19 I/If J Macphareon Road P.O. Box 78 L J Singapore 13. Ptaaaa rend ma copy/copias o# RURAL
      82 words
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  • DEALS DONE ON THE SES AND THE KLSE
    • Article
      In Singapore
      1529 10 im and offer price* officially fisted and business In and reported to the Stock Exchange of Singapore yesterday with the (umber of shares traded shown ■1 brackets In lots of 1,000 units hnlesa otherwise specified. All yime Settlement Contract* are guoted after the word "aett". pig Board deal
      1,529 words
    • Article
      Government and corporate bonds
      361 10 3/4% 15/9/80 (250,000) (100.458 100.558) WIWII (250,000) (100.858 100.758) 6 1/2% 1/1/79-61 (250.000) (101.758 101.958) f* T 1/8/63 250,000) (100.458 100.868) 6 1/4% T F IWBI-64 (250 000) < 102 958) J 101 JBT <290,000 > (100.908 J IVi/M (250,000) (100.20B) (250,000) (100.70B) U'tm»""" < 0
      361 words
    • Article
      Stock options
      127 10 STRIKING prices of the stock options officially listed on the ?i ock „F xch-in f eot Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in bra<£ets. Cold Stance (Sept 11.79) (•.MB 0.728). C aad C (Sept 12.20) (1.828
      127 words
  • Article
    SHARE INFORMATION SERVICE
    2445 10 1978 High Low a Company Last Sale Gr'i Dhr Div ♦or- C'rr SECTION ONE Gr'i Not Y'M P/K Vol Day ('000) Hick Low i INDUSTRIALS (89 114 172 583 135' 132 123* 112 195* 60 W 162 173* 144 256 394 Acma Alcom Allied Choc Bata Ben
    2,445 words
  • Article
    In Kuala Lumpur
    1601 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 Ajtnemete (2.528 2.158) (1) 2.02. Aleem (2.178 2.198) 2.17 <1> 2.10
    1,601 words
  • Article, Illustration
    Marginally higher
    739 10 umb| tka |ilm u It chmbti toor onto to 91.91 1b metiw trmdfac. Flatae* stocks wore, ho, rtlithtiy fikt OwMtiUikaBmud Hone Lmu FImjkm hold •ttadjr wkilo Mtltyta Banking ud Slmgapor* Ffauan loot two ui tuw cents. STOCKS bald (Wr ground despite eeaao bII feeding ti the Stock Kiekiai*
    739 words
  • Article
    KLSE closes mixed
    610 10 AN INITIAL burst of support found little followthrough on the Kuala Lumpur Stock Exchange yesterday with the market ending on a mixed note. Turnover continued to drop to only 4.40 million units valued at M 15.68 million against 4.76 million units valued at 69.13 million previously. Most
    610 words
  • Article
    Unit trusts
    138 10 MN GAPOM UNIT TKU vr INC ma BO ND UNIT TIm OomoMrot.... Th* S*Ttnf Fund S'porc Prof fund S'porc Security rUTX3 8'port Ir.vMt Fund 1 99 l.» ON IB 1.10 S.OTad in 1.03 -'I.U 1.1* IN com BOND maba Bumn (Mm iim'm* mt BumtpuUm 1.00 1.11 nBA FUND
    138 words
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  • COMPANY NEWS
    • Article, Illustration
      Subsidiaries give a lift to M Feedmills
      695 11  -  •r MANO SABNANI A BTRONO recovery by Its subsidiaries In the closing months of the year has helped Malaysian Feedmills to stem the sharp profit downturn experienced In the first six months. The group has lust reported a pre-tax profit of 92.13 million
      695 words
    • Article, Illustration
      YHS performs poorly in S'pore
      528 11  -  •y OUR REPORTER STRONG profit contributions once again from its Malaysian associate have helped offset the poorer performance at the SlngaKre end of Yeo Hlap Seng d's business In the six months to March 1978. As a result, consolidated pre-tax profit (Including share of profit
      528 words
    • Article
      API to reduce bank borrowings
      131 11 LOSS-MAKING Associated Plastics Industries which recently announced a new management at the helm Is apparently moving fast ahead In reorganising its affairs. In a letter confirming the sale of 1.7 million shares In Nylex Malaysia at the book cost of 90 cents per share of
      131 words
    • Article
      Exchange seeks SHC details
      132 11 THE SES haS asked Sin Heng Chan to furnish further details of Its proposed bonus issue of one-for-four announced lyIt asked the company to five the net profit or toes for the year ended December 1977 In comparison with the corresponding figures of the last preceding
      132 words
    • Article
      COMPANY MEETINGS
      186 11 Jardin* Matheeon ud Co. (SEA) Ltd: AOM to be held at the Board Room, 16th Floor, Shlng Kwan House, 4 Shenton Way, Singapore, at 12.30 p.m. on June 2. United Engineer* Ltd: AOM .to be held at River Valley Road: at 12 noon on June 2. Kuchai Tin
      186 words
    • Article
      No major snags in Harcros' way
      1022 11  -  ■y SUSAN BEVAN WITH just four days to fo before dosing date ot the controversial Harrisons and Crosfleld bid for Harrisons Malaysian Estates (HME), there is little sign of any major snag which, given the recent pasu of both companies, originally seemed almost Inevitable.
      1,022 words
    • Article
      DIVIDENDS ANNOUNCED
      715 11 1! mkb Ifclal tm the ym 'JSSJZ*~ 1 [jMfg§ mmmA nSr Apr 18 May* Mail May 12 JunS JunS n*(h) 12** 3S5a> OM) KiftlL. CandC 7 10* 800H(n) 10*1 May 12 May 12 May 10 May 19 May 19 May 19 May 23 May 27 JunS Jun8 JunS
      715 words
    • Article
      SCRIP ISSUES
      205 11 Company Particulars Ex Date Books Close United Plantation* Bonus Issue of 1 for 10 May 26 Jun 7 M1W1 Bonus Issue of 1 for 3 May 30 Jun 0 TanChong Bonus Issue of 1 for 3 May 30 Jun 10 t Boustaadco Rights Issue of 2 for 7
      205 words
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      193 11 ingapore's business world W c 4* *> §4U n (jf 0/y or $36 A s o/. o °0/r '■S K^flll i cto llLT.lllljfc J The Straits Times Directory of Slngaporeie7B more popularly known as the'BukuMerah', carriee more than 27,000 entries covering over 1,500 categories ofjxis*nsss.A thorough and efficient crosereforsnce system
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    Real growth expected to plummet next year
    569 12 CONFERENCE Board chief economist Albert Bommers expects the US to show real growth of only 2.8 per cent next year after this year's 4.1, per cent. He said the fall will occur as the US turns increasing attention to fighting inflation. Even with
    569 words
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    Lock icon Carter rules out participation in joint reflation plan
    1258 12 Reuter. NYT. THE CARTER Administration Is warning Its major trade partners that the United States cannot Join In plans (or coordinated stimulation of world economic growth. Thp President's chief economic adviser, Charles Schultze, made this clear at a Paris three-day meeting of
    Reuter.; NYT.  -  1,258 words
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    Lock icon America losing out in R and D efforts
    760 12 NYT. AN INCREASING number of US experts, In both the government and private sectors, fear that American Industry is steadily losing its creative edge because of declining investment in research. These specialists are concerned that declining support for the type of Innovative
    NYT.  -  760 words
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    LONDON STOCKS
    720 12 LONDON, Thurs. Prices closed lower In quiet trading, deftlers said. At 3 p.m. the Financial Times KMex was up 0.2 at 479.0. Leading equities erased Initial small gains following lower than expected British Petroleum first quarter results. BP closed easier. Bonds lost up to on concern over British
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    Lock icon Asean ministers to decide on 760 items
    154 12 Reuter. ECONOMIC ministers of Asean are expected to approve a total of 760 products to be included in the Asean Preferential Trading Arrangement (P--TA) at their meeting in Jakarta next week, informed sources said yesterday. This would be In addition to 71 items
    Reuter.  -  154 words
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    Lock icon UK EYES ELECTRONIC CIRCUITS MARKET
    153 12 AFP BRITAIN Is to massproduce standard semiconductors, world manufacture of which is at present dominated by Japan and the United States, trade sources in London said on Wednesday. The government has authorised the National Enterprise Board (NEB) to form a company with a capital of
    AFP  -  153 words
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    Plant expands to service more aero engines
    423 12 SINGAPORE Aero-Engine Overhaul Ltd (SAEOL), a subsidiary of the Singapore Airlines group, will spend $2.8 million on an expansion project. Outlook, SlA's house Journal, said the expansion programme also Includes plans to service more types of aircraft engines. Plant extension In Paya Lebar
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    Lock icon SAFEGUARD CLAUSE
    169 12 UPI. THE Belgian Foreign Trade Minister, Hector de Brujme, •ays the incorporation of a selective safeguard clause in the General Agreement on Tariffs and Trade (Qatt) Is vital m ending the Tokyo Round of trade negotiations. The issue has brought major debate among the United States, Japan and
    UPI.  -  169 words
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    Singapore will be key funding centre in Far East
    298 12 THE FAR East is likely to chalk up the greatest financial growth in the aext decade, with Singapore and H—gh—g playing key roles la this expansion. This was predicted yesterday by Mr. George RothsU, president of the United California Bank new
    298 words
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    Retrenchment benefits for ex-Kie Hock employees
    639 12 THE Industrial Arbitration Court yesterday awarded retrenchment benefits to ex-employees of Kle Hock Shipping with three or more years of service. Mr. Tan Llan Ker, the lAC's deputy president, In making the award said Kle Hock's claims of financial Incapacity to accede to the
    639 words
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    Sime factory
    181 12 THE Slme darby group Is to spend (17 million to build a seven-storey flatted factory on land formerly occupied by Its subsidiary, Singapore Steam Laundry. Work on the project at Alexandra Road is expected to commence within the next few weeks and the building Is expected to be
    181 words
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    SHIPPING TIMES
    3669 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 Une Involved, and the estimated dates bf arrival and departure, from Singapore port. t SoaDilch hM Mat Mr vice imaiHKat
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      411 13 Scan Dutch Fast and Regular Service To/From N.C. /SCAN/W.MED./U.K. Every 10 Days. Singapore: Tel. *****, Port Ketang: Tel. *****1, Kuala Lumpur Tel. *****, Penang:Tel.6oi76 LEGHORN, MOP. MMM MKN.HMRG BIOM, MLRAO. URRCRP IH£D HMHUW MOP. MMM. MEN. tD«f tiaks iialrtli Stappart Gaaanl IfMriK Mm Nanaan I Ca. (M) Pl*. I*4. Tat
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      349 13 SHARJAH SHIPPING CO LTD un 'to t»ifA' suuroat 2Z/Mkm mummmn I/MIM U/U JMM m fIHLI SHIPPinG Ufl€ < UN 'ID B »B EMtR» GULF SHIPPING LINE (UKiTEO ARAB E MIRATE S) v-;V v ■J SMtRiAH SHIPP'NI, i S P'f iT 'J ORIENTSI S^'P P Nu I RS'luN Mil tloo' Kltnj
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      290 13 Seatrain T f ar s Pacitic Se'vi> e Full Container Service To USA Ftnam rrm A VfSSCI 11/ l ON U GNU |/C cmi tut itn in 17/7 nn A VCSSCI wt set. 1/7 11/7 Full Container Service From USA ■praam e/c guu oai u m raoetvsi iwt fni i
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      54 13 ■.v. "VTfHTVA AJOTABH" VOT: 14 mini Mh May, 1971, at PJBJL Oill N*. a. General Survey of damaged ca/fo ex the above Teasel win be held on Monday sth June, 1971, aa tram 9.00 a.m. to 5.09 p.m. No furtber survey will be held after this date. jumaShoy a sons
      54 words
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      27 13 mLk Nedlloyd Lines r Regular Liner Services To/From All Parts of the World. Singapore: Tel. *****. Port Ketang: Trt. *****1. Kuala Lumpur Tai2Sl 21. Panang Tal. *****
      27 words
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      657 14 FULLY COKTMfItRStD TO EUROK Tatta UpnM 3/6 5/6 2«/t 2t/C 27/( 29/6 TtawHn 10/6 11/6 1/7 3/7 4/7 (S/7) Ouk« lay 20/6 22/6 12/7 14/7 15/7 11/7 NH*»|C«nm 27/6 17/7 U/7 20/7 23/7 NMOM| bpMi 30/6 19/7 21/7 22/7 24/7 Mm tor S/7 7/7 30/7 1/1 2/1 5/8 iMtpi 14/7
      657 words
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      789 14 I £2 SANKYO LINE] AUSTRALIA SERVICE P. Mane Simm laa«N|»Br. SEA BLOOM IMT PIINCE THREE STAR 11/13 Jwn IVIS km Fit AOO. MIL 11/15 Imw 11/12 Jam MIL 29/30 lun 27/21 km Ml, MEL, STB BANGLADESH SERVICE MV SKY It/19 JOLT 11/17 MILT CHITTAGOUG, CHALNA GENERAL AGENTS OCEAN SNIPPING A
      789 words
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      385 14 P tLAND U.SJL/ ASIA SERVICE he r JL XTT < L ■■MB SERVICE l «OTH FLOOR HONG LEONG BIDG 1 1/ 16 RAFFLES QUA' S'WGCPORt Cujtome. 8oo»in( ???b??? Terminjl ?S ?S7I!J7 FULLY CONTAINERISED SERVICE 60 mm Mtor to ttM Middle Eat PRIORITY BERTHING I DISCHARGE AT ALL PORTS JEDDAM DUBAI
      385 words
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      567 14 'BURMESE NATIONAL LINE" loading for Rangoon PHASMWEGYAWVWA B F S.S C Aqmn m Motoyvo TEPS MXLAYSIA Poet Kelortg Tal (M)-7355 Perxing T«t *****/***** NmtaciM \mmxmmmmul S. A. C.I.F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN, BUENOS AMES PRMTA ARGENTINA 13/ M JUNE 14/ It JUNE 17/11 JUNE CtA Trampartaaon Marrtima
      567 words
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      489 14 H JARDIM AMAH Orient Overseas Co*tlciMeA Line ■S.SUMMM oMirunano CMEMtIEI NR 111 HCTTWC COML Mi IKPTWCPOAIM zu* a/% is/i tift w% a/i 2vi wt tn *n in *n 7/71/7 un %n 11/7 IV7 15/7 17/7 14/7 11/7 N/7 22/7 M/ 7 23/7 a/7 27/7 21/7 11/7 21/7 31/7 2/1 VI
      489 words
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      731 15 Overseas Containers Limited »SCI Australia Straits Container Line a MONO THE ANN CMSNTHN) COfITAMOSIIP SERVICE TO/FROM AtSTRALIA AKRO ANRO AUSTRALIA TEMASEK AMO A«0 AMO ASIA AUSTRALIA TEMASEK rS 23 My 15 A* 27 Wy 17 10 My II k* 1 J Afl| 13 7 Afl( 17 A«| m PTE. LTI.
      731 words
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      973 15 Ajoutaemo^afßmLinaßkaßjmelCSenljneandNSMO VIM If IIRRR ts/'.7 mm amtm» nmkm m l/4kt VIM I Euro* Nan P. KtU*c tiiniw Mi PMNNTII IHM n/SMM 11/11 J«o hlim REMIM IVHIM n/NM XT. LANM. IMR, MR. f jipaA. v p:«ntiun a May iv« im 1/« Mr mm. smsapore 1 straits uvrm rn. tia. «mti *(m*r*
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      685 15 7T77JT777 ..•AU r-na* 1 —I rti QC F"** Ul« U ta| »M| 11 >■ II k| a i* n m a amdi i 3 it n■ ivrn won Fraaca M Ut Dwt f. bin: r*n ftp Mt-« B M 4MI •H< H*. Taa. la M MM IMb HI MM MM
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      627 15 •Ml|?l»kT»M.'M»yi'j;^l wwwww m/ i/» v i 1/1 a/1 0/ iv i a/ i ii/i iv: 1/ T It/ I M/l M/ > a/) m/i a/ j v s vi i/ ND FROM MED/UK/ iI i; i=: uwm KI; lvit: MTUUNII KB. Mirr 1) 6-MrfUNkWS 4*'« M 9 UN 0 M'UillM
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      342 15 GUTHRIE BOUSTEAD the: bank line ltd. LYKES ORIENT LINE SINGAPORE *****4 PT f L ANC, ***** KUAIALUMHUH ?03M1 3t>.Mo 1 4 FESCO LINES FESCO STRAITS PACIFIC LINE rat mine m«ti > mti I'm P. UM( Niwf Taaai SilM/Hkr mv» mmfimmici km VI imi/i mv i. WTiYmrut k> vi tai/i v>
      342 words
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      798 16 rm SK» by CirfaMr Vtsuts to nmon S'nori P. Ktlmg I Hivrt H"bur» frwreii »'wem )JOT 4Mm 22 Mm 24 MM 2SMM 21 MM 2IMm IMm IMm Mm »)m IMy 2My 4My ISMm IIW SMy 7My IMy IMy 11 My 11 My 13 My 14 My 15 My IT My
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      945 16 E. C. -U. S. A. I ATLANTIC/GULF SERVICE ICCEPTINC FCL/LCt CMTIMOS FMM iVm. P. HUM. PERANC Singapore P. Mnof Btlaaa* Ptnang VftMl" TS/11 Mlf IS/8 «/a M»l M/» M| E.C./fiREAT LIKES SERVICE laaßMg tar: NtflU, HCII YRRR. MUTUAL TMDMTR. ASHTAMIA. MOW, CMCA4O. ICUVM P. H|(|f^| "VISHVA MATA" (HRSA a SCI)
      945 words
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      928 16 *****1 •FULLY CONT it emme oru sks* IRISH) SCftVICES: BtttKMC CONTAINED MEICaiM MIENIAL Cillf una SEAS NIKE MIERTAL lESEAKKI cxvkua put REPTINE CUM. S port P. Kclanf S'MaMtot Wharf Sim 4km aim Him imm ttm aim aim 131 m 111 m IMy 7My 71 Mm aim IMy IS My aim
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      674 16 K*H MALAYSIAN HTSKHATtONAI SHIPPING CORPORATION MfKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA WOT WW: FaaMf 'P. Mlang Vaaaal t'para I) Maaillat 2) tu« J) Hkurg 4) Ctorg OAK'to 4/ «<MM l/l OJ t nit CUAUM 11/ Ml. BCJMU It/ I 2/1 1 1/1 11/ T tuaau a/ mmi a/1
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      363 16 INTRASEO (PTE) LTD Kansai Line STRAUS/AUSTRALIA SERVICE Siaiaport f. KetM| Liiftc tar I<s m STMT »IA II Jaae .11 Jm Brisbane/Sydney'" Melbourne Adelaide... IHlfc IWI MTUHi (PTK) ITB.-MWI MWWW w). i. LM«W ru uvfiM i tuiiw Mm. ALPAC LINE SOUTH AFRICA SERVICE S pore P. Kel*n( Penanf Leata| tar CHI
      363 words