The Business Times, 6 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 TUESDAY, JUNE 6, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      KL polls in July?
      55 1 KUALA LUMPUR, Mon. The current Malaysian Parliament would most likely be dissolved during the last week of this month and general election held In July, sources said today. The date frequently mentioned Is June 24. Nomination would then be held on July 1, with polling two
      55 words
    • Article
      Mobil's buy
      62 1 KUALA LUMPUR, Mon. Mobil Oil Corp has purchased 400,000 barrels of crude worth Msl4 million from Petronas for its refinery in Jurong. This is the first time that Mobil had purchased part of its requirement for the region from Petronas. Its requirement for the region had previously been
      62 words
    • Article
      Lock icon Copper price down
      83 1 AFP. LONDON, Mon. Copper fell by £20 a ton (about SsB6) on the London market on reports that Zaire's production has resumed again. Output was reported to be over 7,000 tonnes a day or roughly 250,000 tonnes per annum. Prices were also affected by the arrival In
      AFP.  -  83 words
    • Article
      Lock icon Paralysing power
      64 1 Reuter LONDON, Mon. An official report has warned that a few skilled computer operators can paralyse essential government business in Britain. Ministers are studying the report, titled "The Longer Term Review of Administrative Computing in Central Government," which warns of "dramatic risks" to essential services posed by mechanical
      Reuter  -  64 words
    • Article
      Lock icon Teng warns Viets
      75 1 AFP. PEKING, Mon. Chinese Vice-Premier Teng Hslao ping today officially confirmed that China had stopped some economic aid to Vietnam ana revealed that Vietnam had refused to allow China to open a consulate in Saigon. Mr. Teng, in an hour-long talk with Japanese Broadcasting Corporation (NHK) president
      AFP.  -  75 words
    • Article
      Cold storage venture
      59 1 AN AGREEMENT for a Sss million cold storage joint venture between Suzue Guml Warehouse Company of Japan and the Port of Singapore Authority will be signed tomorrow. Signing on behalf or Suzue Guml will be Mr. T. Suzue, president of the Japanese company, with Mr. Chung Kek
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    • Article
      Lock icon Sterling weakens
      45 1 Reuter. LONDON, Mon. Sterling weakened on European foreign exchange markets today, falling to its lowest level against the West German mark for more than a month at one stage. The dollar dropped sharply against the yen but did better against other major currencies.
      Reuter.  -  45 words
    • Article
      Lock icon Dow Jones
      60 1 UPI. NEW YORK, Mon. The stock market staged a strong early rally today on the basis of favourable reports concerning the nation's trade deficit, capital gains taxes and oil prices. Trading was active. The Dow Jones industrial average was ahead 7.19 points to 854.72 around noon. Advances led
      UPI.  -  60 words
  • Chief Pries Changes
    • Article
      In Singapore yesterday
      113 1 Rises Most active B Raya N8T Sunfei Beai Pahanf Com NujtuiPNH MiaC Court Btrris Nat Iron UIC Supreme Corpn Taiek Cement 232 424 615 210 289 183 75 434 266 249 285 +14 10 +5 +4 +3 +3 +2V4 +2 +2 +2 +1 Haw Par 578,000 PahanfCona
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    • Article, Illustration
      In Kuala Lumpur
      155 1 Rises Mosf active Setron 2.13 +.42 P&h&nn Cons 443,000 Slme Darby 300,000 Sel Prop 2.35 .13 Cons Plant 287,000 Llngul 1.00 .10 UMW 218.000 Supreme Corp 2.54 B. Raya 2.35 +.10 .07 Total Turnover: 4.31 m Sg. Bagan 2.25 .05 Total Value: MS8.25 m Falls Indices June
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  • Article
    Shop buyers may have a champion
    872 1  -  DEVELOPERS CALL THE TUNE By QUEK PECK LIM THE GENERALLY unfavourable terms In the purchase of commercial property in Singapore has been the focus of legal dissatisfaction. In comparlslon with residential property purchasers, buyers of shops and other commercial units are at a grave
    872 words
  • Article
    Meeting of top shipping execs
    223 1 A MEETING of top Asian shipping executives will be held in Bangkok on Friday. The one-day meeting is sponsored by the UN Economic and Social Commission for Asia and the Pacific (Escap). Representatives from Singapore include Mr. Lua Cheng Eng. general manager of Neptune Orient
    223 words
  • Article
    Big revamp is underway at Inchcape
    655 1  -  •y RONNIE LIM LARGE-SCALE corporate changes being undertaken by trading house Inchcape Berhad are construed as an attempt to set Its house in order. Now in the process of being Implemented, the reorganisation comes as a result of top management's dissatisfaction with the spotty
    655 words
  • Article
    Cold Storage to be re-developed
    124 1 COLD Storage Holdings has obtained government approval to re-develop 1U Orchard Road property. Details, however, have yet to be worked out with the authorities, said a spokesman for the group yesterday. She Indicated that work Is likely to start before the end of the year.
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  • Article
    Seven for Chicago consumer electronics show this month
    246 1 SEVEN local electronic* manufacturers will participate in the Chicago Consumer Electronics Show from June 11 14. Products on display will include cassette recorders, clock radios, electronic toys and games, liquid crystal quartz watches, calculators and TV games. One of the participants said
    246 words
  • Article
    EDB to get Traub's single spindle auto lathe
    478 1  -  •y RAHIM KASSIM A SINGLE spindle automatic lathe costing about <22,000 will be donated to the Economic Development Board today during the official opening of Traub Pte Ltd, a whollyowned subsidiary of Hermann Traub of West Germany. The is the second machine
    478 words
  • Article
    Lock icon BAHRAIN TALKS
    67 1 AFP. MR Lee Kuan Yew, who arrived In B&hr&ln on Sunday night on a four-day visit, had a first round of talks yesterday with the Emir, Sheikh Isa bin Salman Al-KMUlfa. Taking part in the talks were Bahrain's Premier Sheikh Khalifa bin Salman Al-Khallfa, Crown Prince Hamad bin
    AFP.  -  67 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      36 1 ODESSA OCEAN LINE FOR FAST EFFICIKHT SHIPPING Coil the ogent: Singapore Soviet Skipping Co Pte M sth Floor, For Eastern Bonk Building 156 Cecil St., Singopore 1 Cobles: "SOSJACLINE" Tele* RS ***** Tel: *****33 (7 lines)
      36 words
    • Advertisement
      Page 1 Advertisements Column 2
      41 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant d w: IHJ tPij HEnRv Rnc acenciES ptc. ito. BRUNEI AGENT RF I IANCL DISTRIBUTORS 144 B JALAN CHtVALiI R BAN CAM St P' BEGAWAN BRUNEI TEL 2b661>
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    • Advertisement
      Page 1 Advertisements Column 3
      71 1 mm SHIPPING TIMES PEOPQE ia Mmm AMERICA to roriso major forecast lower SOVIET croeo-tradtec thru* alarms West NO earpriso li it or® for 2 tbmy caH Strauss 7 2 LEONG Hnat'i aasot bacttac takes a kaock U S MAGNUM pmmm man tote MTC 11 S RETAILERS tot op association U
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      Page 1 Advertisements Column 4
      2 1 Leader Page
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    • Advertisement
      Page 1 Advertisements Column 5
      141 1 APS ELECTRONICS (PRIVATE) LTD SINGAPORE T* *****4 (SLirwsi APS ELECTRONICS (M) SON BHD KUALA LUMPUR Tel 03-*****0 I I] I KTiTi 4 v* 5? K 35 5/ is ss l?i t LJL- r it* Start your trip to Holland with KLM. Direct flights to Amsterdam from more than 100 cities,
      141 words
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Credit to finance Philippine sugar exports
      181 2 Reuter THE National Sugar Trading Corp of the Philippines (Nasutra) has signed separate contracts with Mitsui Bank Ltd, Bankers Trust Co and Chemical Bank to get credit-lines totalling US$25O million (***** million) to finance Filipino sugar exports, Mitsui said. Under the one-year contract with
      Reuter  -  181 words
    • Article
      Lock icon Malaysian tyre rubber sells
      170 2 AFP THE Malaysian Rubber Development Corporation (Mardec) has sold 5.000 tonnes of tyre rubber valued at MSll million to overseas buyers so far this year. According to Mardec's general manager, Suleiman Manan, the bulk of the shipment went to Czechoslovakia which together with Japan had been
      AFP  -  170 words
    • Article
      Amid the gloom Japanese ad industry shines
      748 2  -  By FONG MEW LENG ADVERTISING expenditure in Japan recorded a 12.8 per cent Increase to US$6.OB billion (Ssl4 billion) last year, despite weak responses to government policies to reHate the country's recessionary economy. The ratio of advertising expenditure to GNP increased. This trend,
      748 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      272 2 MR. MANFRED Toennea, Hilton's divisional director for Indonesia, Malaysia and Singapore, and general manager of the Singapore Hilton, and Mr. Emile Thai, sales manager of the hotel, will attend a Hilton sales seminar this Friday and Saturday In Kuala Lumpur. Senior executives from Singapore. Manila. Talpeh, Hongkong.
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    • Article
      Business directory of US firms on sale
      131 2 THE 1978 directory of US business firms in Singapore is riow available. It provides all the essential information Including a list of US companies In alphabetical order, product and service types, and key personnel In the various companies. US Buslne3s Firms In the
      131 words
    • Article
      Region forges ahead in demand for computers
      338 2 THE MARKET for computers In South-east Asia is growing faster than that for the industry worldwide, Mr Michael Kawal, regional marketing manager for Wang Laboratories Inc. said In Kuala Lumpur. Wang's regional sales revenue, which rose 700 per cent over the past three
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    • Article
      Lock icon Rain, rain, come again for the crops
      160 2 UPI RAIN fell in many parts of South Korea on Sunday and yesterday, partly easing an acute shortage of agricultural water supply In upland areas. Farming experts, however, said the rainfalls were far short of the requirements for rice planting now under way,
      UPI  -  160 words
    • Article
      British Steel to sew up Peking deals
      153 2 THE British Steel Corporation expects later this year to finalise contracts worth hundreds of millions in sterling for the design and construction of steel plants in China. Informed sources In London said the corporation's chairman. Sir Charles VUliers, and Sir John Buckley of
      153 words
    • Article
      THAI TRADE DEFICIT
      108 2 THAILAND suffered a trade deficit of 4.2 billion bahts (SS4B6 million) during the first quarter of this year. Exports during the January-March period this year were recorded at 20.1 billion bahts (about 552.3 billion) while Imports were valued at 24.3 billion bahts (SS2.B billion). Oil and petroleum
      108 words
    • Article
      Rural areas get project priority
      361 2 MALAYSIA will locate 162 new projects out of 239 approved last year In the less developed areas of the country. These industrial projects are worth M 5631.7 million and will generate 20,351 jobs, said Deputy Minister of Trade and Industry Abdul Manan Othman over the
      361 words
    • Article
      Pat on the back for financial reporters
      268 2 FINANCIAL reporting has Improved vastly during the past two decades, although businessmen may sometimes consider the press Incompetent and unfair. This view was expressed .by Mr. David Francis, business and financial editor of the Christian Science Monitor at a seminar in Boston recently.
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    • Article
      MEMO PAD
      369 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, BITC, SITC May 15-June 15: Compensation Employee Benefits, Hilton, POD Mav 30-June 6: Senior Management Course, SITC, SITC June 1-9: Mngt course, RELC, Arthur Young St Co June 5-7: Transactional Analysis, SIM, SIM June 5-July 29: Life
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    • Article
      High level of stress leads to distress?
      346 2 SEVERE stress does not always lead to ulcers: in (act, after a few days, It leads to better performance, senior managers of Inchcape Berhad at a fiveday seminar were told. The 12 participants at the seminar, which ended last Friday, found that they
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      161 2 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". 4.
      161 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      658 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROBB 4 Burred stand-In? (6) 7 Aid to survival (or many a cat (4-4) No dole (or the simpleton It kuc deliveries (or only one letter, that's obvious (9) IS What Robin Day has to fix! 14 blanks to an artist, it's a famous place (4)
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  • OVERSEAS
    • Article
      Lock icon Krugerrand sales declined in May
      525 3 Reuter. KRUGERRAND sales totalled 388,050 coins In May, down from 435,430 In April, compared with 158,030 In May 1977, International Gold Corp (Intergold) said last Friday. Intergold noted In a statement that sales for the first five months of the year totalled 2,472,090, up sharply
      Reuter.  -  525 words
    • Article
      Time runs out for these trawlers
      159 3 THE United States and Canada agreed to a 24-hour grace on Sunday during which fishermen violating territorial waters will simply be warned of their trespass. After noon local time yesterday. Canadian fishermen working in US waters would be subject to arrest, said Charles Shapiro,
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    • Article
      Lock icon Dollar fall hits ILO
      78 3 UPI. THE INTERNATIONAL Labour Organisation (ILO), which lost one quarter of Its Income last year when the United States withdrew, said yesterday that it has suffered another loss because of the dollar's decline. The ILO uses Swiss francs but receives membership dues in dollars. Its present
      UPI.  -  78 words
    • Article
      Lock icon China to buy Argentine grain, cotton
      381 3 Reuter. ARGENTINA will export at least three million tonnes of wheat and maize to China at International market prices over three years beginning In 1979. Speaking at a press conference after a week-long visit to China, Argentine Economy Minister Jose Alfredo Martinez de Hoz
      Reuter.  -  381 words
    • Article
      Payoffs trial
      131 3 BOEING CO. of the United States paid a total of U*****,207 (*****,000) to a Japanese airline in 1971 and 1972 in kickbacks to promote the sale of its jetliners. Mr. Ryoichl Fujiwara, an adviser and former chief of All Nippon Airways' business control office, made the disclosure yesterday
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    • Article, Illustration
      U.S. TO TONE DOWN MAJOR FORECASTS
      1568 3 THE Carter Administration's mid-year budget review, due next month, will include two major adjustments In the official forecasts. To take better account of reality, the Council of Economic Advisers will cut its estimate of economic growth this year to between 4 and 4.5 per
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    • Article
      Lock icon IRAN CAN EXPECT TWO-DIGIT GROWTH
      178 3 Reuter. IRAN Is expected to achieve a growth rate of 12 to 14 per cent In the current financial year. This compares with a growth rate of 9 per cent In the last fiscal year ended March 20, the Economic Affairs and Finance Minister, Mohammed
      Reuter.  -  178 words
    • Article
      Lock icon Market relief over money supply fall
      857 3 Reuter THE surprisingly large decline In US money supply reported last week by the Federal Reserve may permit the Fed to pause In its latest tightening of monetary policy, market analysts said. While the possibility of further near-term tightening has been unsettling credit markets,
      Reuter  -  857 words
    • WORLD IN BRIEF
      • Article
        Lock icon THE FARM REVOLUTION
        362 3 Agencies. CHINA could Import substantial quantities of advanced farming equipment within the next two years for use In the less developed regions, of the country. The National Council for UB—China Trade, a private non-profit American organisation, said a US agricultural machinery .delegation has just completed a two-week
        Agencies.  -  362 words
    • Article
      Lock icon Senate to debate labour law revision
      279 3 AP. THE US Senate, returning from a week-long recess, Is back to face a filibuster (delaying action) on labour law revision while members of the House prepare for a vote on government spending requirements this week. Senate majority leader Robert Byrd is expected to
      AP.  -  279 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      199 3 INDUSTRIAL ALMANAC DEPARTMENT OF INDUSTRY REPUBLIC OF INDONESIA h H FT" l JUST PUBLISHED CULMINATION OF 10 YEARS RESEARCH BY INDONESIAN MINISTRY OF INDUSTRY LIMITED STOCKS. SEND COUPON NOW I Contains: Presidential Decree No. 53 of 1977 on Capital Investment Presidential Decree No. 54 of 1977 on Basic Provisions on
      199 words
    • Advertisement
      Page 3 Advertisements Column 2
      226 3 Hsrcnsiu Nnt is KM| Smmmt Paten/Uppar East Coast Raad ♦Located on elevated land in Katong ♦Luxurious split-level houses facing the sea ♦With imfividual front and rear gardens EAST COAST HILL stands on a 20-ecre alt* off Upper Eaat Coast Road which is about 105 feet above sea-lave 1... affording a
      226 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      351 4 PRICES in the Singapore rubber market yesterday were marked up at the outset following firmer London advices, and thereafter, advanced further on speculative buying and some shortcovering in fairly brisk trading. Towards the morning close, however, profittaking came in to pare the gain slightly. Turnover was
      351 words
    • Article
      Closing prices
      31 4 Rubber: June 5 Singapore: June 223.00 cents (up 1.75 cents) Malaysia: •June 230.00 cents (up one cent) Tin: MS 1.703 (up SIS) Official offering: 224 tonnes (down nine tonne*)
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    • Article
      RAS PRICES
      338 4 R.A.S prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int 1 R.S.S. prompt fob Buyers Sellers Buyers Sellers 223.50 224. SON 222.50 223.50N Int. 1 R.S.S. June 224 00 224 50 223.00 223.50 Int. 1 R.S.S. July 223.75 224.25 222.25 222.75 Int. 2 R.S.S.
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    • Article
      SSR AND SMR
      91 4 NOON SSR and SMR prices yesterday: •luiw July RAS (Current Mth) (Forward Mth) Buyer* Seller* Buyer* Seller* Icnti par kg) (em ittperkg) SSR 20 (1-ton Pallet) 209.50 211 SON 210.50 212.SON SSR SO (1-ton Pallet) 207.50 200.SON 206.50 210.50N M.R.E.L.B. SMR5CV (1-ton Pallet) 237.00 239.00N 237.50 239.SON
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    • Article
      Produce exchange
      225 4 NO FROST struck the coffee growing areas over the weekend, but expectations that cold winds this week will damage substantial quantities of the crop bouyed overseas demand for local coffee. Prices were marked up a further $15 per plcul for all grades. This brings the price increase to
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    • Article
      Hongkong comex
      188 4 THE SUGAR futures market closed US 0.05 to 0.06 cents lower In continued quiet trading yesterday. Turnover rose to 11 lots from six on Friday. The Hongkong dally spot price was steady at 7.60 cents, while net open positions totalled 47 lots after Friday's trading. SUGAR futures closing
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    • Article
      SPOT PRICES
      187 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cotton Y»rm: China Blue Phoenix 20 s 1.725. 32 s 2.140. 40's 2.250, (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq, (per
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    • Article
      Gold
      237 4 THE kllobar In Singapore yesterday opened at 5513,781 and closed at $13,741. The high and low for the day was $13,794 and $13,727 respectively. Spot gold for London opened at US$lB3.lO/80 and closed at $182.80/183.10. The London morning fix was U*****.50, down $2.25 from the previous fix. Retail prices
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    • Article
      Straits tin
      141 4 THE STRAITS tin price In Penang yesterday rose Msls to $1,703 per plcul on an official offering down nine tonnes to 228 tonnes. Last week's London firm closing influenced some renewed buying support. Dealers reported a 10 to 15 per cent rationing by smelters. In LONDON yesterday, tin
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    • Article
      Copper
      88 4 COPPER wlrebars in London finished the morning with losses of £20 for cash and £19.5 for three month yesterday. Dealers said general sentiment was affected by reports from Zaire that copper mines in Kolwezl are back in production. Heavy liquidation pushed three months down to £774.5 on the pre-market
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    • Article
      Silver
      53 4 SILVER declined by 5.7 to 5.9 pence in London yesterday morning. The easing in New York on Friday, coupled with weakness of gold, undermined sentl- ment at the outset of the pre-market. Prices later steadied partially under short-covering. Trading was modest with carries forming about half the ring turnover
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    • Article
      Lead
      69 4 LEAD finished the morning with losses of C 8.75 for cash and L' 9.25 for three-months in London yesterday. This metal was marked down under profit-taking and general liquidation following the sharp decline in copper, dealers said. Three months traded down to £330 in the ring before light short-covering
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    • Article
      Zinc
      51 4 ZINC finished the morning in London with losses of mostly C 9.75 per tonne yesterday. The market came under pressure from moderate 11- quldatlon in sympathy with the general trend, dealers said. Three months traded down to £338.5 per tonne on the kerb after ring dealings of only 1,750
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    • Article
      Cocoa
      155 4 TERMINAL cocoa in London yesterday morning opened £14 to £2.50 per tonne down against New York, with sentiment highlighted by bearish chart projections and continued pressure from Brazil to sell August/ September shipment supplies. The resale physicals market was fairly quiet although underlying continental enquiry for both current and
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    • Article
      Coffee
      135 4 CONTINUING fears of Brazilian frost dominated early trading in London yesterday morning, with substantial commission house and dealer buying featured. Some dealers said spillover buying linked to New York's limit-up close may also have helped the Initial advance. At the close of the opening call, values were between £64
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    • Article
      Sugar
      81 4 TERMINAL sugar yesterday morning finished the first call down from Friday by £0.55 to £0.10 per tonne in London, but steadied slightly In quiet and generally featureless open trading Dealers attributed the Initial decline to a technical reaction to Friday's steadiness. They said sentiment may also have been influenced
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    • Article
      Rice
      196 4 BANGKOK rice prices were quoted as follows yester(UB dollars per tonne FOB bull Bangkok): WUu (Uet: 100 pet 1 St class 442, 100 pet 2 nd class 42T 100 pet 3 rd class WpetSM. pet 387, 25 pet 3T7. 35 pet unq. A-l Super 252. A-l Bpcl 249. C-l
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    • Article
      INDIA'S OIL NEEDS
      65 4 THE CENTRAL organisation for oil industry and trade has estimated the gap between India's edible oil production and requirement will rise from an estl--800,000 tonnes in 1977 to over 1.7 million tonnes this year. Ten years from now, India will need 4.41 mUllon tonnes of edible oil,
      65 words
    • Article
      Lock icon Outlook for US soybean exports
      638 4 Reuter A NUMBER of leading grain market analysts estimate that US soybean exports in the 1977/ 78 crop year ending Aug 31 will easily reach 650 million bushels and could exceed 700 million. The analysts, affiliated with export companies and trade groups quoted a range
      Reuter  -  638 words
    • Article
      Lock icon Currency woes lift commodity markets
      1350 4 AFP. BOOSTED by supply and currency worries last week, markets moved up almost without exception during another week of Intense activity, though shortened by last Monday's Spring Bank holiday. Metals were once again at the forefront. Altnough their rise lost momentum mid-week, a fresh bout
      AFP.  -  1,350 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        504 4 THE US dollar came under renewed selling pressure, especially against the yen, on Far East forex markets yesterday. By London opening, the dollar had dropped two yen from the day's opening level. It Is now down three yen from last Monday's 230 level, and traders expect the dollar
        504 words
      • Article
        Tokyo
        108 4 THE DOLLAR for overnight delivery yesterday closed sharply lower at 219.70 yen, against a 221.20 opening and 222.00 at Friday's close. Dealers said trading was active, with volume U***** million. No central bank Intervention was detected. The dollar for Immediate delivery closed at 220.67, compared with 221.80 at Friday's
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      • Article
        Frankfurt
        40 4 FRANKFURT exchanfet opening quotes on June 8. U8 J 0748/Jg GUI MHO/TO Stf J TTI/Jg on B3 2S/3S Bfr 110.98/ 07 Lit 3.400/ 413 Ffr 49.33/30 Nkr 30 50/00 Bfr eon 1300/400 Bfr fin 0.33/30 Yen 0 0409/ SO
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      • Article
        Asian $ and CD rates
        179 4 Asian and CD rates ASIAN currency depotit interbank rates a* at close on June 5. US D»Ua Offer x»^(8po«) 7 days 1 mth 2 mths 3 mths 8 mths 9 mths 12 mths .7 3/4 •Bl/4 .8 .81/8 .88/16 .811/16 .83/4 8w.Fr*. 75/8 81/8 77/8 8 87/16 88/16 8 5/1
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      • Article
        Discount
        41 4 RANGE of price* offered by discount homes on June 5. Overnlfht Call deposits 3M« CUh 3-month Treasury bills 3-month Bank bills 3-month CD 6-month CD Buyiag 31/4 415/16 5 53/16 31/B 413/16 4 7/8 51/16 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        London
        161 4 THE DOLLAR pared an Initial decline yesterday against the mark, but the currency failed to register any Improvement against the Swiss franc. European operators took dollars offered them by Far East participants at around 2.0750 marks and the dollar gained to around 2.08. The dollar was quoted around 219.95/
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      • Article
        Hongkong
        115 4 THE US dollar yesterday closed sharply lower in thin afternoon trading. As the mark followed the yen's rise, the U8 unit closed at 219.75/85 yen against Its 221.80 Friday New York close and at 2.0755/65 marks against 2.0640 on Friday. Sterling closed at its day's high of U551.8248/58 against
        115 words
      • Article
        Euro $ rates
        101 4 Euro rates EURODOLLAR deposit rates were basically steady In quiet trading yesterday. Among day-to-day rates, prices were, virtually unchanged from Friday's dote with most positions quoted around 7-11/16 7-9/16 per cent. In periods, one month traded at 8-1/4 8-1/8 up 7/16 on the loss of the Friday technicality. BURODSTOerr opaniac
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      136 4 The Love 01 ooking L r l TO® Xk F r vV v o m r *K N ■V" <J r vS 2k If' >S- I y-ft "S^k $4< %U > *J t v "fj J"> Konnoth Lo, tho Mi-known CM wrttof v IntroducM th# rttdtc to tht Chinooo cooking,
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  • TRANSPORT
    • Article
      Thai airline eyeing three more jumbos
      444 5 THAI INTERNATIONAL has accepted a proposal from Boeing to buy three wide-bodied 747s with options on another four aircraft. Company sources are confident that the Thai government, which has Just received the airline's recommendations, will approve the deal. If so, the first aircraft is
      444 words
    • Article
      Rumania still keen on VFW Fokker plane
      244 5 RUMANIA Is once again engaged in talks with VFWFokker, the German-Dutch aerospace group, over possible production of the VFW 614, the short-haul Jet airliner, production of which was abandoned by the company as a condition of a financial rescue by the West German
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    • Article
      Southwest purchase
      60 5 SOUTHWEST Airlines Co said it reached an agreement with Boeing to buy an additional Boeing 737-200 Jet. The company said the aircraft is scheduled for delivery in February, 1980, and will bring to 16 the number of Boeing 737-200 Jets In Southwest's fleet. Southwest added that during this
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    • Article, Illustration
      SHIPS IN PORT
      340 5 EXPECTED ARRIVALS 1 TODAY I KEPPEL WHARVES Bunga Oelang (0530 after Bunga Seta war) 18 Cherry Vilja (B. Barge) (0700 48 Golden Sea (after Dong Myung) 46 Herolnae (0700) 8/9 HlJaz (0800 after Barge Alk Bee No. 1) 33/34 Klmanls (1300 23/24 1 Klmanls (2300 20 Michigan
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    • Article, Illustration
      Soviet cross-trading thrust angers West
      673 5  -  USSR UNVEILS CARGO TARGETS •y TEO TECK WENG THE Soviet merchant fleet expects to handle 230 million tonnes of cargo this year, of which foreign trade cargo is expected to make up 119 million tonnes or more than half of the total amount while coastal
      673 words
    • Article
      Lock icon PAL trying for $170m refinancing loan
      557 5 AFP THE Philippine Air Lines (PAL), the national flagcarrier, is negotiating a US$75 million (Ssl73 million) refinancing loan with a syndicate of American banks led by Chase Manhattan. PAL president Roman Cruz Jr. told a news conference on Sunday PAL was seeking, among others,
      AFP  -  557 words
    • Article
      Lock icon Arab tanker firm hit by $10m loss
      207 5 UPI. OIL tankers owned and operated by Arab oil Broducers registered a 554.4 million (8110.1 million) loss last year. The Middle East Economic Survey (MEES) was quoting from the annual report of the Arab Maritime Petroleum Transport Co (AMPTC), a venture sponsored by
      UPI.  -  207 words
    • Article
      Lock icon SWEDISH MOVES TO KEEP YARDS IN BUSINESS
      187 5 Reuter. THE Swedish Industry Minister said alternative production must first be round for the Swedish shipbuilding yards that are on the verge of closing down. Industry Minister Nils Aasling was commenting on a weekend decision by Parliament to erant two billion crowns (Al
      Reuter.  -  187 words
    • Article
      Lock icon Hope for Concorde
      72 5 Reuter. THE governor of Nl|»«W will dlscua possible regular Anglo-French Concorde nights into tlie city with Air Prince official* on Friday. Governor Kanlchl Kudo will meet Air France officials in Paris on his way to Brazil. Mr. Kubo has already made known his plan to develop Nagasaki
      Reuter.  -  72 words
    • Article
      ALARM IS FOR REAL
      133 5 A NEW ship collision avoidance system, Radar Watch has been introduced by Kevin Hughes (Singapore) Pte Ltd. The system provides a warning zone or cones round a vessel at a distance determined by the radar operator. When a radar echo reacnes the warning zone, an audible
      133 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      735 5 ARRIVALS BWTIOf Operator Nimbw Loca Thw 1 CAL PAA CPA MAS CI331 PA005 CX003 MH601 0040 0115 0230 0700 TPE/HKG/KUL SPO/HKO HKO KUL MAS MH682 0729 KCH SIA SQ101 0615 KUL MAS MAS MH621 MH607 0640 0645 PEN KUL MAS CAL CPA MAS OIA SIA 8IA OIA
      735 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      288 5 NORTHWEST ORIENT The wid*-c»b«n airline TIL *****41 BUDGET FARES AND SUPER SAVER FARES TO U.S.A. Whatever your trade HELLER expertise adapts to yeur needs* successfully. More business but he's not happy. Find out why. '■"&M W////L Timely intervention by Heller saves the day for an electrical goods importer who felt
      288 words
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  • Article
    Tighter control for commercial sector
    465 6 SINGAPORE lawyers are right to be concerned over the Inequities that exist In the commercial property market. The lack of control over the practices surrounding the sale and purchase of commercial property contrasts strongly with the regulated environment under which residential property transactions are made.
    465 words
  • Article
    Aid agencies coming round to the truth
    237 6 THE less developed countries of the world can sometimes be compared to a bottomless abyss, swallowlngald without showing any signs of satisfaction. This seems all the more amazing to aid-giving countries when they funnel billions of dollars Into large, prestigious projects only to
    237 words
  • Article, Illustration
    Property market can look to no surprises
    2204 6  -  ■r SIVA ARASU THERE will be no surprises this year, good or bad, In the South-east Asian property market, as a whole or in Singapore. The regional market will not improve; on the other hand, it is unlikely to get any worse. The
    2,204 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      361 6 ><s m smQapura FORUM HOTEL Ml Orator* Read, B'pere t. Tel: STIUt 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 Bunday) open till 2.00
      361 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 OUTLOOK for Singapore from 6a.m. to noon today: Isolated shoxoers. Report for 24 hour* prior to 7.30 p.m. on June 5 at the airport. Maximum Temperature 29.5° C Associated Humidity 76. Minimum Temperature 25.0° C Associated Humidity 99. Hours of Sunshine 1.05. Rainfall in Millimetres 11.6 Total Rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      266 6 SINGAPORE 3.00 PM. Opening announcements followed by What's My Line 3.25 Diary of Events (English)" 3.30 Afternoon Matinee Happy Anniversary, starring David Niven, Mitzi Gaynor, Carl Reiner, Patty Duke (Pt. 2) 4.05 Science Report* 4.20 Intermission 6.05 Opening announcements followed by Birdman and the Galaxy Trio 4 6.30 News in
      266 words
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  • Article, Illustration
    Lock icon Strauss has a firm hand but he wears kid gloves
    1746 7  -  •y EDWARD COWAN NYT. I IN 1972, when he was treasurer of the Democratic Party and organising a fund-raising telethon, < Robert S. Strauss had a problem. To set up the banks of telephones to take I calls from the
    NYT.  -  1,746 words
  • Article
    Lock icon SELLING TO JAPAN
    562 7 Reuter. THE US Government has some advice for firms trying to crack the Japanese consumer market and whittle down the huge American trade deficit with Japan. < Display a "Made in USA" label prominently. Don't be discouraged toy the fact that Japan has 1.5 million neighbourhood "stores.
    Reuter.  -  562 words
  • Article
    STRAWS IN THE WIND
    397 7 I AM relieved to report that rarely-traded Fancy Tile Works Berhad's annual report for 1977 did not reach other recipients In the condition it reached my desk. My freak copy contained three tables of contents for the report, and three forms of proxy for voting at
    397 words
  • Article
    Measures to make imports palatable under attack
    964 7  -  FORUHi r 011 America •y THOMAS MULLANEY IN THE first three years of its existence, through last March 31, a government assistance programme paid out more than US$4OO million (***** million) in cash to 338,400 American workers who lost their Jobs because of
    964 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      271 7 TODAY OKOH Lunch at -c SI •m ■m i; J- 0 3 branches for your convenience SINGAPORE OKOH Supreme House, Penang Road. Tei *****1 OKOH OF GINZA Hong Leong Btciy Raff.es Quay. Tel *****81 KATSURA Orch.d Inn, Dunearn Rd Tel *****2 Enchanted evenings in fine European tradition. Mirabelle a Li
      271 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Interest picks up in convertible bonds
      1174 8 NYT NEW YORK: Convertibles are cars, and convertibles are' sofas. But on Wall Street, convertibles are a special breed of securities whose fortunes lately have been looking up. Convertible bonds provide investors with c'ertaln features of both a common stottc and a straight bond.
      NYT  -  1,174 words
    • Article
      Lock icon Dramatic changes that pay
      661 8 NYT. NEW YORK: "Special situations" such as the Communications Satellite Cotp. and Teledyne Inc. have been making a lot of stock market headway lately One analyst who caught both Issues early Is James O.:Joyce, a 42-year-old mechanical engineer who is senior vice president in charge of
      NYT.  -  661 words
    • Article
      Lock icon STRATEGY GIVES OPPENHEIMER THE LEAD
      895 8 NYT NEW YORK: If an investor studied the turnover rates of the Oppenheimer Special Fund inc. before looking at the US$2O miHlon mutual fund's investment record, he probably would conclude that performance was disastrous. Last year was not truly representative in that the turnover rate
      NYT  -  895 words
    • Article
      Lock icon NYSE plan to protect public limit orders
      317 8 Reuter THE New York Stock Exchange has proposed what It calls the "key elements of a national market system" which It said would protect public limit orders and Increase competition among orders, market makers and market centres. The NYSE, in a letter to
      Reuter  -  317 words
    • Article
      Lock icon Relatively strong
      615 8 TOKYO Source: DBS-Daiwa THE market was relatively strong yesterday. le<l by quality Issues. Large-capital heavy -electrlcals and Issues with good business were also steady. However. Incentive-backed Issues and speculative Issues weakened toward the close. In addition to small-lot purchases by investment trusts, investors began to watch quality Issues
      Source: DBS-Daiwa  -  615 words
    • Article
      Lock icon Hong kong
      272 8 Source: San Hong Kai AFTER a typically slow Monday morning start, selective buying of shares such as China Light. HK Wharf. Jardlne and HK Bank moved the index 3 points up In the first hour. The uptrend continued for the rest of the day to the surEie of
      Source: San Hong Kai  -  272 words
    • Article
      Bangkok
      108 8 AiUFibre Mft ♦7 H^+rr 3 m L v. JB4 unci) poll tan Bank 41» m 4 4-* CTtaroonc Thai WU» t Dunn m 1 DuMt Thanl Faber Martin PtratTnat iM *1 Oencra Flnanci aw A Industrial Pint net 2S46 +18 J And J Ho 41( Jalapratfwn Cement 287 41
      108 words
    • Article
      Manila
      101 8 THE market fell with mining and oil stocks posting substantial losses yesterday, while commercial shares rose slightly. Turnover fell to 5.5 million pesos from 7.2 million last Friday. JUNB 06 FMM AeoJ*Mlnln« .0106 -0.001 AUuCon. A AUaaGoa.B. 16.00 -J.l BafUlo Gold .0004 30.00 -0 0001 Bencuet Con B Br
      101 words
    • Article
      Selected indices
      30 8 HJL BANG UNO Monday 4*4.17 Friday 47*86 Wert A*> 464.31 Monday clowd rrtdav 43ft 09 Weak AMD la ALL OUXNAKOC8 Mondat floaMi Prtdajr 407 71 Week Ago 408.93
      30 words
    • Article
      Lock icon ECSC private placement
      158 8 v BONDS Ac LOANS Reuter MILAN A group of 15 International banks signed an agreement In Luxembourg for a US$5O million, 8-3/4 per cent, nine-year private placement Tor the European Coal and Steel Community (ECSC), Banca Commerciale Italians said as lead manager. The Issue is priced at
      Reuter  -  158 words
    • Article
      Lock icon FNMA US$2b debenture
      129 8 Reuter WASHINGTON: The Federal National Mortgage Association said It plans a US$2 billion debenture offering, comprising three Issues: $1 billion for one year and one month, maturing July 10. 1079. MOO million for four years and three months, ma'turlng Sept 10, 1982 and $400 million for seven
      Reuter  -  129 words
    • Article
      Lock icon Citicorp to syndicate Hyundai facility
      114 8 Reuter. SEOUL: Citicorp International Group has agreed to syndicate a US$3OO million performance suarahtee facility for Hyundai Construction Co of South Korea, a company spokesman said decline to give further details. In Hongkong, syndication sources said total tenure of the facility is 4-1/2 years, which
      Reuter.  -  114 words
    • Article
      Lock icon All Nippon Airways to float 100m mark bond"
      119 8 Reuter ALL Nippon Airways Co Ltd (ANA) said it will float a 100 million mark convertible bond on the German capital market next August through an underwriting syndicate led by Deutsche Bsnk and Nomura Europe It has obtained Japansse Finance Ministry approval,
      Reuter  -  119 words
    • Article
      Lock icon Samsung borrows
      67 8 Reuter. SEOUL: The Samsung Electronic Devices Co and Samsung Heavy Industiiss Co are each raising US* 12 million through seven-year unguaranteed syndicated loans, a Samsung Group spokesman said. The loans, with a three- year grace period, carry terest at one per csnt overLondon Interbank Eurodollar offered rates. -.n.
      Reuter.  -  67 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      91 8 t A O6 n in •^tfssssSssg£» put**"*l, eW «nd tertW d,es w£j, •rf**" to**" ha>» e an -\a>»e an to sup*"' fte*"*" fl n yt' '«S3j^- 5; ■9F<H Federal Publications Mail Order Division 1 New Industrial Road, Singapore 19 I /|f 1 Macpherson Road P.O. Box 78 Singapore 13. Pteese
      91 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Chisso Corp shares to be delisted
      193 9 W ASIAN t Reuter. CHISSO Corp shares will be delisted from Japan's seven stock exchanges from next September or October as It failed to comply with the new stock exchange listing standards effective from Mfcrch 31, the Tokyo Stock Exchange said. ¥he standards call
      Reuter.  -  193 words
    • Article
      Lock icon Posco invests in US coal mine
      177 9 AFP KOREA'S state-run Poh'ang Iron and Steel Company (Posco) will participate In the development of Pennsylvania's Tanoma mine in the United States, as part of its efforts to ensure stable, long-term supplies of raw materials. Business sources In Seoul said that Posco had obtained
      AFP  -  177 words
    • Article
      Japanese results
      129 9 DAI-ICHI Kangyo Bank Ltd announced after-tax profit oj 13.67 billion yen, for the year ended March 31 (14.18 billion). Dividend was 2.5 yen (same). r Mitsubishi Metal Corp: After-tax deficit 1.48 billion yen, year ended March 31 (deficit 1.59 billion). Sales 195.92 billion yen (217.50 billion). Dividend nil
      129 words
    • Article
      TORAY SALES UNIT
      62 9 TORAY Industries, Inc. will further promote selling Its licences and technological know-how concerning synthetic fibres, plastics and chemical products through a new subsidiary. "The new company, capi- talised at 250 million yen, will also conduct research, study and analysis of problems concerning technology requiring high-level equipment to
      62 words
    • Article
      Niigata wins Saudi pipeline contract
      216 9 JAPAN'S Niigata Engineering Company has won a 178.8 million riyal contract to build a 140-km oil pipeline In Saudi Arabia by the end of next year, the firm said. The pipeline, capable of carrying 300,000 barrels of oil each day, will link Riyadh with the
      216 words
    • Article
      Jardine Matheson
      95 9 LONDON: Jardine Matheson and Co Ltd said it has Increased its interest In Transport and Trading Co Inc to 40 per cent from 25 per cent by the payment of US$35 million. Jardlnes said the payment is In line with conditions of the original agreement, whereby further payments
      95 words
    • Article
      Lock icon Boom for US meat packers
      368 9 N AMERICAN Reuter. THE rising cost of meat may be having a depressing effect on US consumers' purchasing power, but It Is turning Into a bonanza for meat packers such as MBPXL Corp., according to Wall Street analysts. The Labour Department reported that consumer prices
      Reuter.  -  368 words
    • Article
      Lock icon Exxon is still negotiating
      207 9 Reuter. ATHENS: A spokesman for Exxon Corp subsidiary Esso's refinery In Northern Greece expressed surprise at press reports saying negotiations between the company and the government on the revision of Its contract had broken down. The spokesman said the negotiations started about aZmonth ago and considerable
      Reuter.  -  207 words
    • Article
      Lock icon Philip Morris talk
      95 9 Reuter. PHILIP Morris Inc, in response to an inquiry, would not comment on rumours circulating in Sydney that the company could be considering a bid for a local brewery. The company said such rumours have been circulating for almost a year arid were initially based on a
      Reuter.  -  95 words
    • Article
      Lock icon CORCO TRADING AGAIN
      85 9 Reuter. COMMONWEALTH Oil Refining Co Inc said the Pacific Stock Exchange willreinstate trading of Its common stock at the opening of trading today. The company said dealings In Corco securities on bath the Pacific and New York stock exchanges have been suspended since Nov 30, 1977. Corco
      Reuter.  -  85 words
    • Article
      GOODRICH PLAN
      79 9 B.F. Goodrich Co said it plans to purchase up to 230,000 shares of Continental Conveyor and Equipment Co common stock, subject to market conditions, on the open market or through privately negotiated transactions. The company said It now plans to make an initial purchase of about 50,000 shares
      79 words
    • Article
      Ultramar considers dividend
      413 9  -  h GERALD COLVERD THE former Venezuelan oil exploration and development group Ultramar which is now enjoying a profit bonanza from sales of Indonesian LNG to Japan, is to consider whether it will start to pay shareholders a cash dividend from earnings this year. Over the past two
      413 words
    • Article
      Lock icon GKN withdraws bid for Sachs
      195 9 Reuter. GUEST Keen and Nettlefolds Ltd has withdrawn Its application for ministerial approval for Its takeover of Sachs AG, the Economics Ministry said In Bonn. GKN on March 20 asked to Invoke the Economic Minister's final power of decision In cartel cases following the ruling
      Reuter.  -  195 words
    • Article
      Lock icon Fotomat files suit against Kodak
      139 9 Reuter. FOTOMAT Corp said It filed suit In the federal district court In San Diego against Eastman Kodak Co alleging violations of the Sherman Anti-trust Act by Kodak and seeking single damages of not less than US$25 million. Fotomat vice president Eneral counsel John Lacknd
      Reuter.  -  139 words
    • Article
      Dresser Industries gets Soviet orders
      134 9 THE Soviet Union has awarded Dresser Industries Inc. two contracts totalling about US$lBO million to supply equipment and technology for the country's oil industry. The US-USSR Trade and Economic Council, which made the announcement, said the contracts were among the largest given out by the
      134 words
    • Article
      Lock icon Rockwell may sell
      115 9 Reuter. ROCKWELL International Coip said it entered into preliminary discussions on the possible sale of Its aviation division to American Jet Industries. Rockwell said the discusslons related to the Bethany, Oklahoma, operation of the division which makes and sells the Turbo Commander 6908, Commander 700, Commander 112
      Reuter.  -  115 words
    • Article
      Lock icon AMC-Renault marriage runs into a few snags
      345 9 UPI AMERICAN Motors Corp. and Renault of France are finding a corporate marriage can be a complex proposition. The two firms missed their May 31 target for a final agreement on a proposed "affiliation" intended to bolster AMC's declining passenger car business and
      UPI  -  345 words
    • Article
      Lock icon Occidental Petroleum signs Polish agreement
      222 9 Reuter WARSAW: The Occidental Petroleum Corp of California has signed a preliminary agreement with Poland for two-way supplies of chemicals worth over US$l billion, Occidental chairman Armand Hammer announced. Mr Hammer told a news conference here he signed the accord with MacieJ Wlrowski, deputy chairman
      Reuter  -  222 words
    • Article
      VW listing possible
      70 9 VOLKSWAGENWERK AG does not rule out a possible share listing on either the Detroit or New York stock exchanges, a company spokesman said. He added, however, the company has no plans to do so now and will wait until Its US operations expand. Last week, the company
      70 words
    • Article
      Lock icon Volvo issue may be in stages
      607 9 f EUROPEAN h Reuter CAPITAL for the proposed new holding company Norsk Volvo A/8 may be issued In stages and partly tax-free to be attractive to Norwegian investors, Oslo Stock Exchange president Erik Jarve said. Clearly the 750 million Swedish crowns equalling around 880
      Reuter  -  607 words
    • Article
      Vauxhall to build Opel Rekord
      368 9 VAUXHALL Motors, the UK subsidiary of General Motors, Is planning to Invest In production facilities to build a British version of the Opel Eekord, the large executive saloon Introduced last year by its sister company tn Germany. It is expected that the new car will
      368 words
    • Article
      Lock icon Barclays raises profit
      93 9 Reuter BARCLAYS Bank Interna- 4 tlonal Ltd pretax profit of £61.1i~» million (£55.6 million) for" 1 the six months ended"'* March 31. -J Operating profit came t®> £56.7 million (£52.1"* 1 million). The pretax figure n Includes assolates of £11.5— million (£8.4 million). "-><• Tax was £30.7
      Reuter  -  93 words
    • Article
      BV Bank
      23 9 BAYERISCHE Verelns- bank will convert It*" London representative office Into a full branch from June 1 this year, the bank said.
      23 words
  • Page 9 Advertisements
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1462 10 BID and offer prices officially Hated and business In and reported to the Stock Exchange of Singapore yesterday with tte number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word ••sett". Big Board deal
      1,462 words
    • Article
      Government and corporate bonds
      68 10 fli/»/00 250.000) (100.458 100.558) (250.000) (100.058 100.756) T F 1/5/83 (250,000) (100.458 100.558) uaSif <,a,, 000 H ivvm (250.000) (100.SOB 101.058) 7 1/4% 11/18/86 250.000) (100.70B) 7 1/4% 1/8/87 (250.000) (100.70B) 8 1/2% T P IWB7 250.000) (100.458 100 608) 6 1/4% T P Wi/%1 (250,000)
      68 words
    • Article
      Stock options
      119 10 BTRIKING price* of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and buslneas done yesterday, with the number of options traded shown In brackets. 8l«ra«i (Sept 81.70) (0.848 0.878): C aad C <Sept 82.M) (I.MB 2.088) (8) 2.M: 'W
      119 words
  • Article
    Unit trusts
    132 10 8INGAPOB1 UNIT TRUST (M—prisss far Jmm The Commerce 1.96 2.07xd The Saving Fund 120 IT! 8'pore Prog Fund 0.07 1.02 8'pore Security INOOMB BOND UNIT <tWs«t»rtssa» INOOMB BOND 106 l.U MABA BUMIMIA FUND (Mis■■■■■■ prisss fcr Jim 6) S pore Invest Fund 1.11 1.30 First Bumlputra 2 63
    132 words
  • Article
    SHARE INFORMATION SERVICE
    2390 10 ■f m1978 High Low Company Last Sale +OCGr's Div Div C'vr Gr's Y'ld Net P/E Vol ('•00) Day High Low SECTION ONE INDUSTRIALS t 189 214 172 225* 83 215 235 V»* f 235 406 J 432 132 123* 112 195* 60 V. 162 173* 144 256
    2,390 words
  • Article
    In Kuala Lumpur
    1579 10 BID and offer prices officially Mated and business in and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS A J in* mat* (2.458 2.548) Al**m (2.188). AIM MM (0.988).
    1,579 words
  • Article
    Mars Holdings
    59 10 MARS Holdings has been auested by the SES to furh its annual report and accounts for the years ended Mar 31, 1976 and 1777, and Its Interim report for the six months ended Bept 30, 1976. The company has to submit the accounts by June 15, falling which
    59 words
  • Article
    Trengganu
    51 10 TRENOOANU Development and Mangement has Informed the KUBE that the register of loan stockholders of the 11 per cent convertible unsecured loan stock 1975/ 1979 will be closed from June M to SO, both dates Inclusive, for the payment of interest oo June 30. for the half-year ending June
    51 words
  • Article
    OLYMPIA
    29 10 OLYMPIA Plywood and Timber Products has confirmed, in reply to an SB query, that ft will not be paying out any dividend for the year ending Oct 31,1978.
    29 words
  • Article, Illustration
    Fairly active market
    771 10 SHARE fried war* oohtiy eroded aa tka Stack Exchange of Singapore yeetorwara recorded aeraac tha baard in Cairty active tradlaf. A aild rally ia the aft—u iw failed «a lift the gloom. Oa balaaca, decltoaa outnumbered advancaa by a ratio at 5 to 1 aa the industrial
    771 words
  • Article
    Late recovery on KLSE
    748 10 SOME late support, coming after an erratically weak start, helped prices to recover some ground on the Kuala Lumpur Stock Exchange yesterday. The market had Initially extended last Friday's easier close with most counters a few cents off on opening. Although sellers continued to dominate the
    748 words
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  • COMPANY NEWS
    • Article, Illustration
      Magnum puts more funds into MTC
      1010 11  -  ■y DAVID CHOW TROUBLE-racked Malay- sian Titanium Corporation J (MTC) appears to be draw- lng Magnum Corporation further Into its morass. Magnum chairman Da- tuk Khoo Kay Peng an--1 nounced In the 1977 ani nual report that the com- pany has decided to ad-
      1,010 words
    • Article
      DIVIDENDS ANNOUNCED
      779 11 Current payment Ex Date Books cloae Date payable Total for the year Total for previous year Sembawang Shipyard Kuchai Jardines Hongkong Land FELS NSOP Pan Malayan OCBC Boustead Holding! OUT OUB Sigma Metal Seacorp Shangri La 12*%(b) 10%(b) 5% 5.2% 20%<b) 10% 5% 12% 12 "i% 12%<b) 12%<b)
      779 words
    • Article
      SCRIP ISSUES
      226 11 Company Particulars Ex Date Books Cloae United Plantation* Bonus Issue of 1 (or 10 May 20 Jun 7 Mates Bonus Issue of 1 for 3 May 30 Jun 9 TanChonf Bonus Issue of 1 for 3 May 30 Jun 10 Bouateadco Rights Issue of 2 for 7 Jun
      226 words
    • Article
      Sembawang Shipyard Beta
      82 11 Sembawang Shipyard has stated that the Issued share capital of Its new subsidiary, Sembawang Shipping Beta Private Limited, will be $14 million. The shipyard was replying to a query posed by the Stock Exchange of Singapore. The new company, which will be engaged in owning, managing and
      82 words
    • Article
      Sime Darby
      42 11 SHAREHOLDERS of Sime Darby Holdings approved the group's one-for-one bonus Issue at an extraordinary general meeting held in Kuala Lumpur. The Issue capitalises £19.6 million out of the Share Premium Account and doubles the old capital of 196.13 million shares.
      42 words
    • Article
      Sovran replies
      32 11 SOVRAN Industries has replied to the KLSE that it has made no decision to invest the proceeds from its sale of 1.12 million shares in Oolden Gate, in any project.
      32 words
    • Article
      COMPANY MEETINGS
      144 11 Si|ma Metal Company Ltd: AOM to be held at Apollo Hotel, 18th Floor, Conference Room, at 12 noon on June 6. Malahoff Bhd: AOM to be held at No. 15, Jalan 223, Section 20A, Petallng Jaya at 11.00 a.m. on June 9. EOGM to be held at No.
      144 words
    • Article, Illustration
      Leong Huat's asset backing below par
      595 11  -  By MANO SABHANI THE continuing gloom in the steel-based Industry has taken its toll on Leong Huat Industries. Unaudited preliminary accounts of the group show that losses last year amounted to $1.61 million, a near doubling of the $862,076 deficit incurred in 1976. The
      595 words
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      Page 11 Advertisements Column 1
      203 11 ingapore's business world r* I s, «c?£ <,» HU n Uf <?/? Or *r Po $361Of S Of t £> Or 'OA V/ K theStrai jK5i of Singapore 1978 The most comprehensive index and guide to the business scene. The Straits Times Directory any office, anywhere Price: $36.00. of Singaporel97B
      203 words
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  • Article, Illustration
    Lock icon Saudis splurge $8b on new Riyadh campus
    644 12 NYT. SAUDI Arabia is close to (ftjnmlsslonlng what Industry sources say will be the largest construction contract ever awarded anywhere a US$3.4 billion (357.8 billion) order to build the University of Riyadh's new campus on the outskirts of the Saudi capital. An American-French
    NYT.  -  644 words
  • Article
    Extension of Meiji Seika's plant
    109 12 DR. LEE Chlaw Meng, MSmber of Parliament for Farrer Park, will officially open MeiJl Seika's new plant extension in Jurong on Thursday. The $3 million company, a Joint venture between Meiji Selka Kalsha, the leading Japanese confectionery maker, and local interests, exports to Asean countries,
    109 words
  • Article, Illustration
    P. GOVINDASWAMY
    269 12 MR. P. Oovindaswamy who died yesterday, aged 67, was, in recent yean, on* of the few backbenchers who called the Prime Minister by his first name. That, If nothing else, bears testimony to the long-standing relationship between the MP for Anson and the People's Action Party (PAP). Mr.
    269 words
  • Article
    Retailers form association to upgrade standards
    255 12 SINGAPORE'S retailers have set up the Singapore Retail Merchants Association with the aim of upgrading Industry standards. In line with Its objectives of protecting, promoting and advancing retailers' Interests, the association will, suggest improvements to regulations and legislation which would be more practicable for
    255 words
  • Article
    Lock icon Oil complex held up
    489 12 Reuter CONSTRUCTION of a US$6OO million (SSI.4 billion) hydro-cracker complex at Dumal In Sumatra Is being held up because no agreement has yet been reached on financing the project. A spokesman for the State oil company, Pertamlna, said the Indonesian government Is yet to approve the
    Reuter  -  489 words
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    LONDON STOCKS
    753 12 LONDON, Mon. Prices closed quietly easier although some leaders finished above the day's laws, dealers said. Ught but persistent selling ahead of tomorrow's banking figures resulted In falls of up to H point In long-dated gilts, while shorts fell by around H, dealers added. At 3pm, the Financial
    753 words
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    Lock icon KL reserves dip
    107 12 Reuter BANK Negara Malaysia said it* (old and foreign exchange reserves feil slightly to M 18.56 billion on May 15 from $6.59 billion on April 29 and $8.83 billion on April 15. The bank's balance sheets showed total assets rose to 97.89 billion ($7.71 and 97.C9 billion),
    Reuter  -  107 words
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    Lock icon Intervention is telling on central banks
    682 12 Reuter FOREIGN central banks cannot-go on financing the United States' payments deficit on the same scale as last year. Dr. Otmar Emmlnger, president of the Bundesbank told the International Forex Congress In Munich yesterday that these central banks took In US$34 billion (5178.2 billion)
    Reuter  -  682 words
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    LAUDABLE EFFORTS OF AID AGENCY
    498 12  -  By SIVA ARASU A BRITISH governmentbacked aid agency last year invested £333.9 million (811.4 billion) in development projects In Commonwealth countries. A sizeable amount of the money spent by the agency, the Commonwealth Development Corporation (CDC), continues to flow Into rural projects. This swing towards
    498 words
  • Article, Illustration
    Top Asean challenge
    362 12 THE greatest challenge facing Asean is to Improve the standard of living of the majority of Its people, Indonesia's President Suharto said In Jakarta yesterday. "Failure to build our respective societies, Individually and collectively. In order to reach this goal would undoubtedly become a source of social
    362 words
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    Lock icon JAPAN'S FINAL PLEDGE ON TARIFF CUTS
    256 12 Reuter UPI JAPAN is studying the possibility of further cuts in Import tariff on industrial and manufactured goods for the Tokyo Round of multinational trade negotiation*, Foreign Ministry officials said in Tokyo yesterday. However, they denied a report in the financial dally Nlhon Kelzal
    Reuter; UPI  -  256 words
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    McNamara to pursue Tokyo's pledge
    147 12 WORLD BANK president Robert McNamara arrives in Tokyo today to pursue a Japanese promise to boost Its capital investment in the lending institution. Mr. McNamara will discuss with Japanese Prime Minister Takeo Fukuda and other government leaders future Japanese economic cooperation with the World Bank
    147 words
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    Over to Finance Ministry
    58 12 DR. TAN En| Liang (above) has ktca appointed Senior Minister of State (Finance);following his transfer to the Finance Ministry on June 1. His previous appointment was Senior 1 Minister of State in the! Ministry of National Development. The Finance Ministry has now two senior' ministers of
    58 words
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    US gives unlimited access to Thai cloth
    339 12 THE UNITED States has agreed to abolish the Import quota on Thai-made cloth and to grant an annual 7 per cent Increase on the alloca-l tlon for Thai ready-made garment. The deputy director-! general of Thailand's Foreign Trade Department, Danal Tulalambha* said the
    339 words
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      Page 12 Advertisements Column 1
      128 12 Leader Page I For a Successful BANKING Career Ilitiptal tRAj MA I SCR II NET W)lsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma
      128 words
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    SHIPPING TIMES
    4735 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following llit tabulates, by port of destination the name of the thlp, the shipping line involved, and the estimated dates of arrival and departure.from Singapore port. SeuOvkSThM t Mat Mrvice imacMMrt vtUa MISC. This
    4,735 words
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      Page 13 Advertisements Column 1
      360 13 MAERSK LINE 1 F >tr further drtaits call *****4b KuaU Lumpur: ***** Port Ke'ann *****0 Penan* *****1 (14 £TD NOOU EAST/MOM StMKI tIIUNMTMKr 1(4-71 114-71 JCMMM (1177 Ml) "CHENR CWMTir 254-71 ***** ROMMY •mV.-SUIHTMTMr ***** 1547S MMII H-g— —r 1471 M-7S RALMP4PM, •UK. "CNQMT MAW IM-OETAHI *M.V."KMN HLV. "IMA N
      360 words
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      Page 13 Advertisements Column 2
      359 13 EVERGREEN LINE IEVtRGREFN MARINE CORPORATION] FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE lUO MXtriK CMBO rot:ami. UTTIMA, KItUT ilbumwm. Known. Ttirau (ucr«) i>M MM Pm(SiW II"Will Lafkw* BoatM ritt HUNMOT i*m 2in» »w» 4— SKCNftCSSMM Z7lm Uk* MM» UN* »N* Ukh 2JN* HMOSOM «My lta( 7to| !M 13*
      359 words
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      Page 13 Advertisements Column 3
      46 13 DAMAGED CARGOES EX M.V. BHIEH FU/L VOY 7884 ARRIVED AT PJ».W. GODOWN Consignees sre notified that a General Burrey wIU be held on Bth June 1878 from 0800 hours to I*o noon. NO FURTHER SURVEY WILL BE HELD AFTER THIS DAT. POLY BBBTOKJ ENTERPRISES PTE LTD.
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      Page 13 Advertisements Column 4
      15 13 SEA m LAND ACCEPTING LTL DUBAI BANDAR ABBAS FOHTNK3HTLY TO MIDDLI EAST BOOKING TIL: *****23
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      512 14 SHIPPING FULLY CONTAINGHED TO EMOTE OMktbr 20/6 22/6 U/ NM*a|E*MM 27/1 17/ HMfkMfUpMi 30/6 \S> MmM 5/7 7/7 30/ I 14/7 16/7 5/1 T«R»»0* 21/7 23/7 12/ BFVESS CONVEimOML TO OMOK 10/1 11/6 1/7 J/7 4/7 (5/7) 20/6 22/6 11/7 13/7 14/7 16/7 27/6 17/7 18/7 20/7 24/7 30/6 18/7
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      Page 14 Advertisements Column 2
      727 14 Q SANKYO LIN AUSTRALIA SERVICE 7z\ 3%8 W&B M\f TMfhm V/nkm MtMO-SW BANGLADESH SERVICE .11/19 JULY 1«/17 JULY CWTTA6ONB. CHAW* CONTAINER BOOKING 10*0 AGENTS P KELANG PENANG OCEAN SHIPPING ft ENTERPRISES PTE LTD SINGAPORE TEL *****44/7 ft *****70 K LUMPUR TEL ***** ft 2*475 JMAL'S CONTAINER P* TEL 6347. 1973/4
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      540 14 m LAND u U.SJL/ ASIA VESSEL/VOYAGE wad Arrive/departs GATEWAY CITY V-69S j»7/i PONCE V-326 ii/i7 GATEWAY CITY V 699 PONCE ¥327 hmv/n MID-EAST SERVICE C.F.S Closes 5.00 P.M. WORLD LION V 3 WORLD TIGER V 5 WORLD LION V 4 Vd Arrim/Departs June 17/11 JULY •/10 July 31/91 401 M
      540 words
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      356 14 Everett Lines laraa Fim Sta> Skvfiai Carpa. BURMESE NATIONAL LINE 6 F.S.S.C. Agent* in Moioyv <o: TEPS m/IAYS»A Port Kctong T* <38>-7355 Pmong Trf 62U1/***** CcMpMN ArfMtm Dt it), *li rmriin Inn r "ARGENTINE NATIONAL LINE' LOADING fO* DUMAN. CAPETOM. BUENOS AMES ")'< Hi W»3, Everett Steamship Corpn.S/A SOIITN AFRICA
      356 words
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      375 14 Orient Overseas @o4iloi*te/i Line W W a/I ivt iw in in a/i 22/1 1/7 11/7 n/% n/i* 11/7 11/7 5/7 1/7 11/7 U/7 W7 U/7 ■al'-iiri U\m UNM rwi r«n 21/1 a/i nn in in in in in %n \\n 1/7 11/7 11/7 tt/7 17/7 U/7 11/7 21/7 22/7 a/7
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      624 15 Tuesday June 6, IMI or L Overseas Containers Limited s2»£S3sss3-:353 3Z psCl Australia Straits (A NEMCR TK MM MWWTIIIi) M M CMTUNOSaiP SERVICE TI/FMM MWMUt Blue Funnel (S E. A.) C€ntaur X SHf»C9»» fh M »«M«I Yim*r» tn% m 11 m 11/13 1- 14/rtJ* J* a/1 M I W 1/4
      624 words
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      Page 15 Advertisements Column 2
      800 15 A cfß*ibn*Bk»RMrielCkmlJneandNSMO f IMM 1/ llw >Ml LeieaM. A/ii iw a/a mr rm mm it mi 1/ «Mr v• mm 1 uttoo. TiMary. UTOM Nw« f «Wl taMD/BM W/11MM IVUtM «/«MM *T- IMMP. tMQtfOM *2*inj HHnpwiJ*. JSjEimi. KUALA IUMWIt LMC STCAMCKS -g ag.sy— s& KHANS «»W" PRtSIOCHT LINES ■> w*i
      800 words
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      Page 15 Advertisements Column 3
      362 15 BEN LINE CONTAINERS tISI ># SmM ±S s SNX f» lihrt w. 1«« imi t n p*f«e ptrm mr—1* I* M ri JUGOLINIJA EAST trtaui soviet Tt mUTIC IN EAST MCIITUIAKM NTO IEGIIIM SMTIK S port P. MMf (OSTtEHA for Aleuttdru Beirut. Kopef. Uttiku. limssol. K& ftTtfiV' Rifeka. Trieste. Ve-.ce
      362 words
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      Page 15 Advertisements Column 4
      543 15 Scan Dutch V I": 'ii \-xii'\i-ruw'Ji KX.I ■:.!-US JiJJ I'I.TT i ssraa rv CONVENTIONAL SERVICE TO EUROPE (VIA SUE) J^V^wSf Gthi'l Os'o. at, dm Ma* a/* »'a*f|. Oslo, Aartws, t1«l C'hH*" K- Kr,f£r Oslo. Gturf. Aorta*. lIHII M IM 11/11 C'ttWM. I lll**, mi wiutitntM -a Mlur| o,l^ C'burg, Aortas.
      543 words
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      Page 15 Advertisements Column 5
      473 15 GUTHRIF. BOUSTEAD £7w»'sTHE BANK LINE LTD RH (KMritwt. n) Urn mm eut t« mtit MlO'U. witm >■ 1 (MM*. IJ-. W, 11/ M Ml ifm »m «ni LYKES ORIENT LINE EE2555 SINGAPORE *****4 PT *****1 KUALA LUMPUR 7037 1 1 PENANG ***** i FESCO LINES FESCO STRAITS PACIFIC LINE FM
      473 words
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      825 16 K LINK KAWASAKI KISEN KAISHA. LTD. IWMMBfWBIIMra (VU SKO kf CMtWMT VMMb TO nmop* S'jwft P. Kelang L-Hawa HW? Bremen R'dam «'wrg MERCATM IV Ito I JMM VAM X tat Iml 2■» 4M| MIETUCVIEf NT 19IM Him 5My 7My •My oMy 11 My 211 m 22 Jm 11 My W|
      825 words
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      Page 16 Advertisements Column 2
      754 16 E. C.-U.S. A./ATLANTIC/6 UIF SERVICE ACCEPTIN6 FCtVltt CMTAINQtS FIM "Sim. f. HUM. PCNIM Ln4«f Mr IMfIU. HOT TM. KW HUM, HRIM. liHWm P. b'it( Mm him •a vessel" »»/it Mv u/» M* n/n m* m/» Jt E.C./GREAT LAKES SERVICE Lllltß Mr: MtFRU. M( TOM, MMTREAL. IMMTI tNTWU. mm, CHICAM •s.r.
      754 words
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      Page 16 Advertisements Column 3
      885 16 t NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: SBE2)' MOUTH* MIEBTIL CSIEF SEVEB SEAS Ml S port P feK*( Sh*mp»<* H Ourr •JM ItM 21 IM IkM cbeviuer ran. REPTBME COtAL BEPTBBE Kid 27 JMy n »»m i 11 km MOUTH Spare Ctta| fan FCL C*J» -l«I LCI Cm will—
      885 words
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      652 16 MALAYSIAN INTDtNAJKJNAI SHIPPING CORPORATION BEKHAO EXPRESS FULLY CONTAINERISED SERVICI TO/FROM MEO/U K/CONTIN ENT/SCANDINAVU ftttaf fttttl Store l) 2) tot* XHtw'i s*« t «a I) Ctor( a N-tart 3) B'ven 4) dam TtTUU b<M <*M biM Sa.ltt SUN P. Mlini StiM IT/ IVTUMIi Uita Ml KUT 14/ I EXPRESS CONVENTIONAL SERVICE
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      661 16 INTR ASEA (PTE) LTD. U I'w P. Ktlmc NW| Lin tm M 11 Mi lln li Nrt MtiwO'M/A'Mrr n (twtr tt«r) > m r rtw/raM IKKU'wij. IH tt Im Mkm S'lon (U.IL)/*'*•■< Htwf/A'wrr Tkmik (VI tm m*m K twlwtii ummn irutu tmj ue—zmn-weeiw-mw i. niir rta mm* a tww-mm, mot.
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