The Business Times, 6 June 1978
1978-06-06
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The Business Times
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Title Section11 1978-06-06 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, JUNE 6, 1978 50 CENTS11 words
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BRIEFLY...
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Article55 1978-06-06 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 two55 words
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Article62 1978-06-06 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 been62 words
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Article83 1978-06-06 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 InAFP. - 83 words
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Article64 1978-06-06 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 mechanicalReuter - 64 words
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Article75 1978-06-06 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) presidentAFP. - 75 words
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Article59 1978-06-06 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 Kek59 words
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Article45 1978-06-06 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
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Article60 1978-06-06 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 ledUPI. - 60 words
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Chief Pries Changes
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Article113 1978-06-06 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 PahanfCona113 words
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Article, Illustration155 1978-06-06 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 June155 words
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Article872 1978-06-06 1 QUEK PECK LIM - 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 grave872 words
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Article223 1978-06-06 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 Orient223 words
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655 1978-06-06 1 RONNIE LIM - •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 spotty655 words
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Article124 1978-06-06 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.124 words
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246 1978-06-06 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 said246 words
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478 1978-06-06 1 RAHIM KASSIM - •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 machine478 words
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Article67 1978-06-06 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 binAFP. - 67 words
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Page 1 Advertisements
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Advertisement36 1978-06-06 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
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Advertisement41 1978-06-06 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>41 words
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Advertisement71 1978-06-06 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 U71 words
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Advertisement141 1978-06-06 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
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181 1978-06-06 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 withReuter - 181 words
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Article170 1978-06-06 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 beenAFP - 170 words
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748 1978-06-06 2 FONG MEW LENG - 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
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Article, Illustration272 1978-06-06 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.272 words
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131 1978-06-06 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 the131 words
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338 1978-06-06 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 three338 words
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160 1978-06-06 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
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153 1978-06-06 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 of153 words
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Article108 1978-06-06 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 petroleum108 words
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Article361 1978-06-06 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 the361 words
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268 1978-06-06 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.268 words
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Article369 1978-06-06 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: Life369 words
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346 1978-06-06 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 they346 words
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Page 2 Advertisements
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Advertisement161 1978-06-06 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
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Page 2 Miscellaneous
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Miscellaneous658 1978-06-06 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)658 words
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OVERSEAS
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Article525 1978-06-06 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 sharplyReuter. - 525 words
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Article159 1978-06-06 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,159 words
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Article78 1978-06-06 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 presentUPI. - 78 words
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381 1978-06-06 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 HozReuter. - 381 words
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Article131 1978-06-06 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 yesterday131 words
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Article, Illustration1568 1978-06-06 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 per1,568 words
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Article178 1978-06-06 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, MohammedReuter. - 178 words
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857 1978-06-06 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
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WORLD IN BRIEF
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Article362 1978-06-06 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-weekAgencies. - 362 words
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279 1978-06-06 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 toAP. - 279 words
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Page 3 Advertisements
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Advertisement199 1978-06-06 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 on199 words
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Advertisement226 1978-06-06 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 a226 words
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RAW MATERIALS
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Article351 1978-06-06 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 was351 words
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Article31 1978-06-06 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*)31 words
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Article338 1978-06-06 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.338 words
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Article91 1978-06-06 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.SON91 words
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Article225 1978-06-06 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 to225 words
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Article188 1978-06-06 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 closing188 words
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Article187 1978-06-06 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, (per187 words
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Article237 1978-06-06 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 prices237 words
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Article141 1978-06-06 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, tin141 words
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Article88 1978-06-06 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-market88 words
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Article53 1978-06-06 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 turnover53 words
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Article69 1978-06-06 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-covering69 words
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Article51 1978-06-06 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 1,75051 words
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Article155 1978-06-06 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 and155 words
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Article135 1978-06-06 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 £64135 words
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Article81 1978-06-06 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 influenced81 words
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Article196 1978-06-06 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-l196 words
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Article65 1978-06-06 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
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Article638 1978-06-06 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 rangeReuter - 638 words
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1350 1978-06-06 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 boutAFP. - 1,350 words
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MONEY AND EXCHANGE$
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Article504 1978-06-06 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 dollar504 words
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Article108 1978-06-06 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's108 words
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Article40 1978-06-06 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/ SO40 words
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Article179 1978-06-06 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 5/1179 words
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Article41 1978-06-06 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.41 words
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Article21 1978-06-06 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.21 words
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Article161 1978-06-06 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 219.95/161 words
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Article115 1978-06-06 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 against115 words
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Article101 1978-06-06 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 opaniac101 words
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Page 4 Advertisements
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Advertisement136 1978-06-06 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,136 words
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TRANSPORT
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444 1978-06-06 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 is444 words
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244 1978-06-06 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 German244 words
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Article60 1978-06-06 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 this60 words
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Article, Illustration340 1978-06-06 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 Michigan340 words
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Article, Illustration673 1978-06-06 5 TEO TECK WENG - 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 coastal673 words
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557 1978-06-06 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
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207 1978-06-06 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 byUPI. - 207 words
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187 1978-06-06 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 (AlReuter. - 187 words
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Article72 1978-06-06 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 NagasakiReuter. - 72 words
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Article133 1978-06-06 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 audible133 words
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Article735 1978-06-06 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 OIA735 words
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Page 5 Advertisements
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Advertisement288 1978-06-06 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 felt288 words
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465 1978-06-06 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
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237 1978-06-06 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 to237 words
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Article, Illustration2204 1978-06-06 6 SIVA ARASU - ■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. The2,204 words
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Page 6 Advertisements
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Advertisement361 1978-06-06 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 2.00361 words
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Page 6 Miscellaneous
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Miscellaneous59 1978-06-06 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 the59 words
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Miscellaneous266 1978-06-06 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 in266 words
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Article, Illustration1746 1978-06-06 7 EDWARD COWAN - •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 theNYT. - 1,746 words
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Article562 1978-06-06 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
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Article397 1978-06-06 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 at397 words
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964 1978-06-06 7 THOMAS MULLANEY - 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 of964 words
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Page 7 Advertisements
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Advertisement271 1978-06-06 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 Li271 words
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Page 7 Miscellaneous
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Miscellaneous15 1978-06-06 7 BriStdW: FranklfcckfcriS C 3 IN TVtC RNBL PiNPkUVSiS CRN Riu>fV/S use »T P\S fS SH»€LD15 words
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INTERNATIONAL STOCKS MARKETS
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1174 1978-06-06 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
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Article661 1978-06-06 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 ofNYT. - 661 words
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895 1978-06-06 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 rateNYT - 895 words
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317 1978-06-06 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 toReuter - 317 words
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Article615 1978-06-06 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 IssuesSource: DBS-Daiwa - 615 words
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Article272 1978-06-06 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 ofSource: San Hong Kai - 272 words
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Article108 1978-06-06 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 41108 words
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Article101 1978-06-06 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 Br101 words
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Article30 1978-06-06 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 408.9330 words
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Article158 1978-06-06 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 atReuter - 158 words
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Article129 1978-06-06 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 sevenReuter - 129 words
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114 1978-06-06 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, whichReuter. - 114 words
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119 1978-06-06 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
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Article67 1978-06-06 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
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Page 8 Advertisements
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Advertisement91 1978-06-06 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. Pteese91 words
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INTERNATIONAL COMPANY NEWS
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193 1978-06-06 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 callReuter. - 193 words
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Article177 1978-06-06 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 obtainedAFP - 177 words
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Article129 1978-06-06 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 nil129 words
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Article62 1978-06-06 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 to62 words
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216 1978-06-06 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 the216 words
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Article95 1978-06-06 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 payments95 words
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Article368 1978-06-06 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 pricesReuter. - 368 words
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Article207 1978-06-06 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 considerableReuter. - 207 words
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Article95 1978-06-06 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 aReuter. - 95 words
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Article85 1978-06-06 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. CorcoReuter. - 85 words
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Article79 1978-06-06 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 shares79 words
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Article413 1978-06-06 9 GERALD COLVERD - 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 two413 words
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Article195 1978-06-06 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 rulingReuter. - 195 words
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Article139 1978-06-06 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$25 million. Fotomat vice president Eneral counsel John LackndReuter. - 139 words
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134 1978-06-06 9 THE Soviet Union has awarded Dresser Industries Inc. two contracts totalling about US$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 the134 words
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Article115 1978-06-06 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 112Reuter. - 115 words
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345 1978-06-06 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 andUPI - 345 words
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222 1978-06-06 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 chairmanReuter - 222 words
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Article70 1978-06-06 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 company70 words
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Article607 1978-06-06 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 880Reuter - 607 words
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Article368 1978-06-06 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 will368 words
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Article93 1978-06-06 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 £30.7Reuter - 93 words
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Article23 1978-06-06 9 BAYERISCHE Verelns- bank will convert It*" London representative office Into a full branch from June 1 this year, the bank said.23 words
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Page 9 Advertisements
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Advertisement15 1978-06-06 9 fßQMtlttf •Mstia U J. >AV ft HUi i I 18 I S w 1 ®wm15 words
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DEALS DONE ON THE SES AND KLSE
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Article1462 1978-06-06 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 deal1,462 words
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Article68 1978-06-06 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
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Article119 1978-06-06 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: 'W119 words
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Article132 1978-06-06 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 63132 words
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Article2390 1978-06-06 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 2562,390 words
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Article1579 1978-06-06 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
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Article59 1978-06-06 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 which59 words
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Article51 1978-06-06 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 June51 words
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Article29 1978-06-06 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
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Article, Illustration771 1978-06-06 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 industrial771 words
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Article748 1978-06-06 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 the748 words
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COMPANY NEWS
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Article, Illustration1010 1978-06-06 11 DAVID CHOW - ■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
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Article779 1978-06-06 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
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Article226 1978-06-06 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 Jun226 words
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Article82 1978-06-06 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 and82 words
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Article42 1978-06-06 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
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Article32 1978-06-06 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
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Article144 1978-06-06 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
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Article, Illustration595 1978-06-06 11 MANO SABHANI - 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. The595 words
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Page 11 Advertisements
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Advertisement203 1978-06-06 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 Singaporel97B203 words
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Article, Illustration644 1978-06-06 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-FrenchNYT. - 644 words
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Article109 1978-06-06 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
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Article, Illustration269 1978-06-06 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
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255 1978-06-06 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 for255 words
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Article489 1978-06-06 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 theReuter - 489 words
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Article753 1978-06-06 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 Financial753 words
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Article107 1978-06-06 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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682 1978-06-06 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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Article498 1978-06-06 12 SIVA ARASU - 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 towards498 words
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Article, Illustration362 1978-06-06 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 social362 words
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256 1978-06-06 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 KelzalReuter; UPI - 256 words
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147 1978-06-06 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 Bank147 words
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Article, Illustration58 1978-06-06 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 of58 words
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339 1978-06-06 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 the339 words
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Page 12 Advertisements
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Advertisement128 1978-06-06 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 Diploma128 words
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Article4735 1978-06-06 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. This4,735 words
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Page 13 Advertisements
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Advertisement360 1978-06-06 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 N360 words
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Advertisement359 1978-06-06 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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Advertisement46 1978-06-06 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.46 words
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Advertisement15 1978-06-06 13 SEA m LAND ACCEPTING LTL DUBAI BANDAR ABBAS FOHTNK3HTLY TO MIDDLI EAST BOOKING TIL: *****2315 words
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Page 14 Advertisements
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Advertisement512 1978-06-06 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 18/7512 words
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Advertisement727 1978-06-06 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. 1973/4727 words
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Advertisement540 1978-06-06 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 M540 words
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Advertisement356 1978-06-06 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 AFRICA356 words
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Advertisement375 1978-06-06 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/7375 words
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Page 15 Advertisements
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Advertisement624 1978-06-06 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 1/4624 words
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Advertisement800 1978-06-06 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*i800 words
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Advertisement362 1978-06-06 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-.ce362 words
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Advertisement543 1978-06-06 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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Advertisement473 1978-06-06 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 FM473 words
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Page 16 Advertisements
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Advertisement825 1978-06-06 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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Advertisement754 1978-06-06 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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Advertisement885 1978-06-06 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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Advertisement652 1978-06-06 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 SERVICE652 words
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Advertisement661 1978-06-06 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.661 words
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