The Business Times, 7 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. 21V1/78 WEDNESDAY, JUNE 7, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Preferential items
      71 1 AFP JAKARTA, Tues. Asean Economic ministers have agreed to expand the number of commodities from 71 to 826 under the preferential trading arrangement, conference sources said today. Other topics discussed Included Joint Industrial projects, the formation of a food security reserve to assist needing member-countries and contacts between
      AFP  -  71 words
    • Article
      Lock icon The Asean factor
      82 1 AFP BONN, Tues. West German Foreign Minister Hans Dietrich Genscher said today that Asean Is an Important factor In the stability of South-east Asia. A foreign minister communique here said he made the statement during an hour-long meeting with visiting Thai Deputy Premier Sunthron Hongladarom. The atmosphre,
      AFP  -  82 words
    • Article
      Lock icon Compensation sought
      61 1 AFP KOTA KINABALU, Tues. The Sabah Government has asked for compensation of US$5 million (5i11.5 million) from the Overseas Mineral Resources Development Sabah Bhd (OMRD), whose Mamut copper mine has polluted padl fields, irrigation canals and rivers In Ranau district, about 112 km from here. Chief Minister Datuk
      AFP  -  61 words
    • Article
      Lock icon Unite or fall
      52 1 AFP .TOKYO, Tues. Finance Minister Tatsuo Murayama today urged commercial banks to move toward mergers with one another to tide over their financial difficulties. In a .message to the Federation of Bankers Association, the minister stressed the need for reorganising Japan's banking Industry, including tie-up arrangements and
      AFP  -  52 words
    • Article
      KL labour needs
      52 1 KUALA LUMPUR, Tues. Malaysia will need over 320,000 skilled workers In two years time, Deputy Minister for Public Enterprises, Datuk Hajl Mustafa said today. This is an increase of nearly 96,000 over the 1975 requirements. Mara has so far produced about 14,200 skilled workers through Its nine
      52 words
    • Article
      Lock icon Shipping conference
      75 1 Reuter BANGKOK, Tues. Ship owners and shipping service users In Asia and the Pacific today began a four-day conference aimed at strengthening the bargaining power of shipping service users. Representatives from 14 countries are attending. An official said many countries In the region still had to depend on
      Reuter  -  75 words
    • Article
      Lock icon Dow Jones
      55 1 UPI NEW YORK, Tues. Institutional Investors, loaded with cash, stampeded the stock market in record numbers early today, sending prices Sharply higher In heavy trading. The Dow Jones industrial average was ahead 10.48 points to 874.30 around 11 a.m. Advances led declines, 986 to 201, among the 1,521
      UPI  -  55 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      129 1 Foils Most active Ajrar Hitan Tia W Jacks StkMaUlad 1000 137 138 -20 -20 -18 Sime Darby 684,000 Iacbcape 528,000 Faber Merlin 284,000 Hah— Hyd 432 -12 Haw Par 187,000 OCBC 720 386 132 100 -10 -10 -10 -8 Pabaaf Coae 182,000 SP Textile UMW Total Turnover:
      129 words
    • Article, Illustration
      In Kuala Lumpur
      151 1 Foils Most octive Intraco 2.42 MBS. 2.85 Outness 5.90 .O.C.B.C. 7.40 U.M. Works 1.91 iS.P. Text 1.34 SelC'nuts 2.00 S. Trading 7.10 ■Syn Resins 1.06 Lien Hoe 2.10 Perils 2.19 Oentlng 2.55 Rises Oriental 4.96 Fraser U i Neave 4.60 •Hume(M) 1.93 -.28 -.25 -.25 -.15 -.12
      151 words
  • Article
    SSA bid to lift veil on accounts
    715 1  -  GUIDELINES FOR MEMBERS ■y QUEK PECK LIM A NOTICE hay been circulated to members of the Singapore Society of Accountants (SSA) aimed at fuller disclosure of company accounts. The SSA notice Is aimed especially at the accounts of finance companies and those who
    715 words
  • Article
    A DATE WITH AUSTRALIAN ACCOUNTANTS
    226 1 MORE than 200 delegates from Australia and Singapore will attend the Singapore/ Australia. Accountants Seminar, which will be held on SUne 26 and 27. Mr. 1 Ooh Chok Tong, Senior Minister of State (Finance), will open the seminar at the Shangri-La Hotel, sponsored Jointly by
    226 words
  • Article
    Narodny offers hotel shares to Jack Chia
    642 1  -  •y MANO SABNANI JACK CHIA has been offered an option to purchase a major stake in Consolidated Hotels (CHL). owner of the Peninsula Hotel and Peninsula Plaza. It is understood that the offer for sale of 16.16 million shares or 48.2 per cent
    642 words
  • Article
    Lock icon LNG field ablaze
    293 1 Reuter A FIRE has been raging for the past three days at an Indonesian giant liquefied natural gas (LNQ) field In north Sumatra. American fire-fighter Red Adair and his team of experts were on their way to the field yesterday. The fire broke out early on Sunday
    Reuter  -  293 words
  • Article
    Cash offer for minority holders of Jardines
    328 1 MINORITY shareholders of Jardine Matheson (South East Asia) haw hoot offered a cash alternative of $2.81 per ordinary share of HK$4 (812) ia consideration of the cancellation of their holdings. The company announced yesterday that underwriting has been completed for the 139.17 million
    328 words
  • Article
    OUB set to launch into Asian dollar market
    435 1  -  •y COLIN CHEE THE Overseas Union Bank will tap the Asian dollar market soon to fund Its growing overseas commitments. An announcement on this is expected In about a fortnight's time. This is the first time that OUB is launching Itself into
    435 words
  • Article
    BAHRAIN-STORE TIES
    165 1 MR LEE Kuan Yew and Sheikh Khalifa blp Sulman At-Khallfa, Prime Minister of Bahrain, exchanged views yesterday on the possibility of closer cooperation between the two countries in commerce, flnanoe, and industry. The Prime Minister Is currently on an official visit to the Oulf state. The Oulf Dally
    165 words
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      Page 1 Advertisements Column 1
      0 1 &!%@_;[|(<^"$%(~|-|\`<&(){<:^_@
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    • Advertisement
      Page 1 Advertisements Column 2
      70 1 BIRKART FREIGHT NEWS LCL CONSOLIDATION SERVICE TO HONG KONG COMPETITIVE RATES CONTINUOUSLY ACCEPTING CARGO AT 404 PASIR PANJANG WAREHOUSING COMPLEX NEXT SAILINGS SINGAPORE HONGKONG OSAKA BAY 6 JUNE 10 JUNE 4 J(JNE 8 JUNE HAMBURG EXPRESS KITANOMARU KOWLOON BAY KASUGA MARU 18 JUNE 25 JUNE 27 JUNE CONTACT: MISS SHERRY
      70 words
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      Page 1 Advertisements Column 3
      57 1 m. SHIPPING TIMES SINGAPORE'S axtmal trmde AMES plwi Ha rickt 510w5.... 2 PURUDA »i Ui Aim POSB picks NEED tar BVIHIN9 HARCEOS gala* esitrol of AIRLINES BOLTON COWAN a STATS J crystal ball 11 b«taf* 13 CROSBWORD6 2. MEMOPAD 2. AOOAPT SCHEDULE f, TV A EADIO C, BEIBTOW 1, BTBAWB
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    • Advertisement
      Page 1 Advertisements Column 4
      180 1 TASOfTA LITE PIE.UD Any person sealed at this desk can do the work of three people Yes, one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flew. All these procedures completed at electronic speeds with electronic accuracy. The same
      180 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      358 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 15: Compensation St Employee Benefits, Hilton, POD June 1-9: Mngt course, RELC, Arthur Young St Co June 5-7: Transactional Analysis, SIM, SIM June 5-July 29: Life Agents Certificate Course, SITC, SITC June 8-22:
      358 words
    • Article
      New pay scales for daily rated workers
      130 2 THE public dally rated unions have accepted the Ministry of Finance's proposal to consolidate the 1973-1977 National Wages Council (NWC) allowances Into the basic wage scales of daily-rated employees. The new wage scales will also replace the present system of granting triennial Increments
      130 words
    • Article
      Lock icon India can lure one million tourists
      131 2 Reuter INDIA wUI easily achieve Its target of attracting one million tourists In 1980 If the present rate of Increase of visitors continues. More than' 640,000 foreigners visited the country In 1977 (bringing average dally arrivals to 1,745) compared with about 534,000 in 1676.
      Reuter  -  131 words
    • Article, Illustration
      POSB settles for IBM automated tellers
      669 2  -  ROUND-THE-CLOCK OPERATION By JOHN LIM THE POST Office Savings Bank will buy 24 automated teller machines of the IBM 3624 CTF (consumer transaction facility). The machines will cost about 170,000 each and can cope with functions like cash deposit and withdrawal, transfer of funds
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    • Article
      Lock icon Sorry tale by Hakodate and Sasebo
      234 2 UPI TWO OF Japan's top 10 shipbuilders. Hakodate Dock and Sasebo Heavy Industries, yesterday reported profit declines in the business year ended March. Sasebo registered a current account deficit of USS9.3'million (5521.4 million) for April, 1977, through March, 1978, on sales of $352.9 million,
      UPI  -  234 words
    • Article
      Lock icon VIETNAM TO BUY YARN FROM JAPANESE
      185 2 UPI VIETNAM will buy about 8,000 bales of pure cotton yarn from Japan this year using a 4 billion yen (5541.4 million) united loan Tokyo pledged for fiscal 1978, a Japanese financial newspaper reported on Tuesday. This marks the first time Japan will export
      UPI  -  185 words
    • Article, Illustration
      Attitude of tin users worrying
      486 2 CONSUMING countries have been obstructing moves to raise the floor price of tin even though this is necessary to meet changes In production costs. Deputy Primary Industries Minister Paul Leong Khee Seong said. It is a very disturbing development indeed because the existing wide disparity
      486 words
    • Article
      Lock icon A mine of coal knowhow for China
      340 2 AP Reuter A JAPANESE mission will visit China on Jane 12 to 26 to exchange views on Japan's export of coal mining technology to China. The team of 20 coal mining industrialists, officials and mining specialists Is to be headed by Shingo Arlyoshl,
      AP; Reuter  -  340 words
    • Article
      HK textile expo
      118 2 HONGKONG'S ready-to-wear festival, the textile industry's all Important shop window for international fashion buyers, will be held in Hongkong next year from January 13 to 18. As Hongkong, ever mindful of protectionist trends, seeks to move away from Its mass production image, the accent will be on
      118 words
    • Article
      Lock icon Aluminium refinery for Labuan
      108 2 AFP A SOUTH Korean firm, Kookje-Sangsa (ICC Corporation), plans to build an aluminium refinery on Labuan Island under a Joint venture with the Sabah state government, Industrial sources reported In Seoul. Capitalised at US$5O million (about B*lls million), with Sabah paying 00 per cent and ICC
      AFP  -  108 words
    • Article
      Singapore's external , trade grows at slower pace
      410 2  - Singapore's external trade grows at slower pace •y SOH TIANG KENG SINGAPORE'S external trade expanded by 13.7 per cent to $16.3 billion during the first (our months of this year compared with 17.5 per cent for the same year-ago period. Although the growth rate has slowed, the nation's expansion rate
      410 words
    • Article
      Asean Foreign Trade Institute coming up
      235 2 ASEAN Is to set up a Foreign Trade Institute to replace the Asean Training Project in Jakarta. A feasibility stutfy of the project. Its funding, location and functions Is being carried out by consultants appointted by Asean countries in conjunction with the International Trade
      235 words
    • Article
      Ron Mark agencies
      83 2 RON Mark, the cosmetics and perfumery firm estate llshed In November 1976, 1»° now handling three former Inchcape agencies. These are Harriet Hubbard Ayer, Molyneux Perfumes and Pali toy, said Ronnie Yeo, Ron Mark's- 1 managing director who was formerly with Inchcape. The Pall toy agency har
      83 words
    • Article
      AWARD FOR TOY IS A JOY FOREVER
      123 2 DUNBEE-COMBEX-Marx Ltd. parent company of Aurora Products Corp-Asia, has been given the 1977 Industry Award by France's L'lnstitut International de Promotion et de Prestige. This annual award is made to institutions and private companies achieving outstanding international prestige and reputation in their particular
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      286 2 Salesmen: Get more results DEVELOP MORE SELLING CONFIDENCE CLOSE MORE SALES INCREASE YOUR PAY CHEQUE DALI CARNIGIE Fmmmtm HMlon of the Dale Cemsgis Salee Course brims un In awry caN you make. Tha Couraa teaches motivational selling in a way that hslpo you maka a habit of using them. Aa
      286 words
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      Page 2 Advertisements Column 2
      3 2 Leader Pane S
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      667 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROBB 1 Charles's youngsters? (5) 8 Park where West Ham carry more weight (5) 10 Send back a broken timer (S) 11 The palmist's friend (3) 12 You could play a rag on this (5) 11 Rushes Into jobs (7) IS Figure Olga to be a
      667 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon Dark clouds over Sweden dispersing
      618 3 UPI OWBDSB, who by tradition, place a lot of faith In statistics would like to believe the latest economic figures that the worst of the recession is over. But they are taking a cautious view. .However, the gloom and despair so prevalent In government and
      UPI  -  618 words
    • Article
      US wants cocoa pact without export quotas
      250 3 THE UNITED States rejects the Idea of cocoa export quotas as damaging to the trade, and instead calls for a buffer stock to stabilise prices. ""The International Cocoa Organisation's executive committee met yesterday In London to discuss the OS proposal for a world
      250 words
    • Article
      Lock icon Japanese purchases of foreign bonds soar
      456 3 NYT JAPANESE purchases of foreign bonds soared In May to more than double the 1977 monthly average, despite the strength of the yen this year, according to provisional estimates. The Securities Dealers Association of Japan said that net buying of foreign bonds by Japanese
      NYT  -  456 words
    • Article
      Lock icon Workers in New York get 8pc pay increase
      281 3 Reuter NEW YORK City official* and union negotiators settled US$l.l billion (BS2.M billion) contract on the eve of n critical Sonatc committee hearing on whether to increase aid to •are America'* largest city from bankruptcy. The contract, under negotiation for two months,
      Reuter  -  281 words
    • Article
      Lock icon Newspaper strike talks go on
      114 3 UPI THE NEW York Dally News. America's largest-cir-culation dally newspaper, and the Newspaper Guild resumed negotiations on Monday on the eve of a threatened strike by 1.500 employees. Representatives of the Guild and the Publishers Association of New York, the negotiating unit for the News
      UPI  -  114 words
    • Article
      Lock icon No one is caught fishing for trouble
      714 3 UPI AP AS THE Canadian American fishing war enters Its second day yesterday, neither government reports arresting any fishermen. No angry words have been exchanged. No meetings have been called to attempt to resolve the conflict. Spokesmen from both nations said fishermen hoisted
      UPI; AP  -  714 words
    • WORLD IN BRIEF
      • Article
        Lock icon THIS YARN OF A COMPLAINT
        463 3 Agencies THE European Commission Is to Inquire into the alleged dumping of Industrial polyester and nylon yarn from the United States. The Investigation follows cojnplalnts by European manufacturers, who aceUfeed the Americans, and tbtfirm Allied Chemical in particular, of dumping. THE US Securitiee Industry AjeocUtion
        Agencies  -  463 words
    • Article
      Bonn proposes to slap gold turnover tax
      794 3 THE WEST German Finance Ministry proposes to remove the present taxfree status on sales of gold and silver coins by levying a turnover tax. According to a Dresdner Bank director, Mr. August Hess, introduction of the turnover tax may have serious consequences for.
      794 words
    • Article
      OECD HAS NO MORE IDEAS
      364 3 OECD experts have run out of new Ideas for solving the problem'of youth unemployment In industrial countries. A group of economists, meeting in Paris on Monday night, concluded that no effective method has yet been developed to end youth unemployment In the short and medium
      364 words
    • Article
      Lock icon British factories to increase spending
      154 3 Reuter UK manufacturing Industry plans to Increase capital spending this year by about 10 to 13 per cent more than last year, despite a 3 per cent fall In the first quarter, according to the latest survey by the Department of Industry. The survey of
      Reuter  -  154 words
    • Article
      Lock icon Prices of steel products to go up
      140 3 AFP THE target price range for steel products set by the EEC commission Will be raised by 5 per cent on July 1. sources close to the commission said in Brussels on Monday. They said the increase would not apply to a number
      AFP  -  140 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      123 3 IPs yours *an accounts derft* for $390 a month The LX2OIO Log a box, Europe's largest manufacturer and supplier of mini-computers present The LX2OIO incorporating the latest in minicomputer technology while maintaining accuracy resulting in high efficiency and providing the flexibility both in speed ft simplicity in operating. Designed by
      123 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      452 4 PRICES in the Singapore rubber market yesterday were about 0.25 cent higher in the morning. The market then turned very quiet, with C'ces losing marginally on k of support and light selling. Physicals noted some manufacturer demand for RSS One to US port, but sellers were
      452 words
    • Article
      RAS PRICES
      323 4 R A S prices In cenu per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 222.25 223.25N 221.00 222.00N Int. 1 R.S.S. June 222.75 223.29 221.50 222.00 Int. 1 R.S.S. July 222.75 223.00 221.90 222.00 Int. 2 R.S.S. 213.50
      323 words
    • Article
      SSR AND SMR
      97 4 NOON 88R and SMR prices yesterday: RAS Juae (Camas Mth) B uven July (Forward Mth) Rirrw >ats»ark|) (enusparki) SSR20 (1-ton Pallet) 208.00 210.00N 200.00 211.OON SSRSO (1-ton Pallet) 200 00 200 .OON 207.00 200.OON July AaffuW M.R.E.L.B (Curat Mth) (Carnal Mth) (eau (cant perkc) SMR 5CV (1-ton
      97 words
    • Article
      Closing prices
      30 4 Rubber: June 8 Singapore: June 221.50 cents (down 1.50 cents) Malaysia: Jum 227.50 cents (down 1.50 cents) Tin: MSI,7OS (up $2) Official offering: 270 tonnes (up 44 tonnes)
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    • Article
      Rice
      196 4 BANGKOK rice prices were quoted as follows yesterday: (US dollars per tonne FOB basis Bangkok): White Rice: 100 pet 1 St class 442. 100 pet 2 nd class 427, 100 pet 3 rd class 422. 5 pet 413. 10 pet 400. 15 pet 392. 20 pet 387. 25 pet
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    • Article
      Produce exchange
      400 4 TRADING on the Singapore produce market yesterday was very dull. Coffee prices rose another $15 per plcul as the possibility of cold weather sweeping Brazil within the next two days grew stronger. However, at the high Slices now quoted by the lngapore Chinese Produce Exchange, little trading was
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    • Article
      Coffee
      416 4 ROBUSTA futures yesterday ended the morning opening session easier down from early traded highs and l'2l higher to £8 lower in London. Turnover was 1,442 lots which included around 600 lots of crossed traded. Profit-taking curtailea the initial upward movement. Near July ended the opening call £21 up at
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    • Article
      Cocoa
      315 4 COCOA futures Initially traded little changed In London and by the end of the opening call were £5.5 up to £3 down yesterday. Prices then firmed to show gains of up to £17 before trading selling turned these into net losses of some £10 by mid morning. Traders said
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    • Article
      Soybean
      174 4 SOYBEAN futures on Monday closed Just below the day's highs in Chicago, posting gains on an advance led by new crop months. At the close, July was up US3-174 cents a bushel and August was up 4-3/4 cents. New crop gains ranged from 13 to 11-1/4 cents. Old crop
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    • Article
      Wheat
      158 4 WHEAT futures In Chicago registered gains of USBK to five cents a bushel on Monday, and closed at the day's top price levels. The early market displayed a mixed price pattern. Nearbys weakened on commission house selling and deferreds firmed on speculative buying Sene rated by the harvesting elays
      158 words
    • Article
      Palm oil
      94 4 C.l.r. North European porta, tn US do Uar per ton unl leea otharwt LONDON: Malayaia 9* ffa bulk per tonne ftllll August •10 air 01) air Sumatra 5% ft* bulk June 710 air 110 air July •06 air/ 000 air Auguet 000 pd 000 air/ 000 air/ m/
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    • Article
      Straits tin
      229 4 THE STRAITS tin price In Penang yesterday rose another Ms 2 to $1,705 per plcul on an official offering up 44 tonnes to 270 tonnes. The market Is closed today. In LONDON yesterday, tin closed £2 lower for cash and £7 higher for three months standard while high
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    • Article
      Sugar
      309 4 SUGAR futures in London opened as expected yesterday. with little net change from Monday afternoon's closing levels. The London dally price (LDP) for raws was reduced CI to 1104 per tonne, but the price for whites was unchanged at I'lll. Traders said the lower LDP probably reflected the Colombian
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    • Article
      Hongkong comex
      152 4 THE SUOAR futures market closed US 0.10 to 0.14 cents lower In quiet trading yesterday. Turnover rose to 15 lots from 11 on Monday. New open positions after Monday's trading totalled 52 lots. The Hongkong dally spot sugar price was steady at 7.60 cents. SUOAR futures closing prices:
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    • Article
      SPOT PRICES
      132 4 TARN and cotton in Honfkong Blue PT~nix 10'* 1.710. 2.140. 40'* 2.290. (per Dale of 400 the) >im (Me: China Butterfly and Globe Brand unq.J>r—on Head unq. rive Lamb* uno, Ptoww and Batter fly unq rrytafOeeeeunq. (per piece 36 tnchet l-t w* CMW LiBS 170. 4 T 3.07.
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    • Article
      Copper
      310 4 COPPER wlrebars in London finished the mornir»K with all round losses of £1.5 per tonne yesterday. Dealers said the early premarket was depressed by long liquidation following the overnight trend at New York, with three months sagging to £767 at one stage. But the lower levels attracted some shortcovering
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      Silver
      207 4 SILVER yesterday moraine declined by 0.8 to 1.1 pence in London yesterday. Values fell in the premarket, reflecting the trend in gold. However, the market steadied partially in the ring under covering prompted by a rallying tendency In base metals. Carries boosted turnover to 83 lots. On Monday afternoon,
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    • Article
      Gold
      394 4 THE KILOBAR la Singapore yesterday opened at 8113,885. 860 off from Monday's close. The market firmed slightly after opening to 813 JOO and closed at 813.742. Bpot gold for London delivery opened at U*****.65/ 95 against Monday's 8182.80/ 183.10 close. Light support brought the market to close at 5182.30/
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    • Article
      Lead
      49 4 LEAD on the morning eased by £0.5 all round In London. The metal traded down to £329 for three months on the pre-market under light liquidation, but mostly recouped losses In the ring on shortcoverlng following similar movements in copper. Sales of 3,100 tonnes were boosted by carries.
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      Zinc
      62 4 ZINC eased by mostly £2.0 > per tonne In London yes l terday morning. Values gave way on the pre-market under profit- 1 taking despite several other US producers following St Joe's price io*>crease to 31 cents per lb. Three months opened the pre-market at £339, bat., traded up
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        496 4 THE US dollar fluctuated against the yen and German mark on the foreign exchange market yesterday. It started off strongly against the two currencies before slipping back during London trading. Opening at 220.35/45 against the yen in the morning, the dollar was traded to 220.95/05 Just before London
        496 words
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        Asian $ and CD rates
        195 4 Asian and CD rates ASIAN currency deposit rate* at at cloae on June 6. interbank U8Drflar.t8*«> Oflhr BU 7 days 1 nth 2 mthi 3 mthi 6 mthi mthi 12 mthi .7 3/4 77/» .11/4 .•3/1 .•11/1« .13/4 7 5/8 7 3/4 77/8 81/8 81/* #/18 85/8 8w. Pn. (alMkl
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        Discount
        45 4 RANGE of price* offered by discount house* on June 6 Overnight 3K« Call deposit! 3«K 1 f Bm,ma 3-month Treasury Mils 3 1/4 3-month Bank bilks 5 3-month CD J1/1* •-month CD 51/4 fMHaf 31/1 4 7/* 415/16 51/S Source: National Discount Co Ltd
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        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lead te their best customers is 7 per cent.
        21 words
      • Article
        Hongkong
        111 4 THE U8 dollar closed slightly below New York's overnight levels in slow trading yesterday. The market lacked direction as there were persistent rumours that the Bwtss authorities may soon Introduce new currency regulations created uncertainties among operators. The U8 unit was quoted at 1.9250/325 Swiss francs against 1.8285/380 in
        111 words
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        London
        211 4 THE DOLLAR gained against major currencies In active early trading yesterday, but then met some profit-taking. The sharp advance on Wall Street and the US unit's rapid gain against the Swiss franc on Monday fuelled yesterday's early gain, dealers said.* However, the dollar later edged back slightly on some
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        New York
        193 4 THE DOLLAR closed firmer against most currencies on Monday, particularly against the Swiss franc, in moderately active trading. Dealers could not accounf for the decline, although some thought commercial orders for dollars from Switzerland may have bolstered the dollar initially. The S\ 'ss franc declined about 11/ cents
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        Tokyo
        189 4 THE DOLLAR for overnight delivery yesterday closed higher at 220.75 yen, compared with a 220.50 opening and 219.70 at Monday's close. Trading was active, with volume US$56O million and no central bank intervention was detected. The dollar, attracted by lower prices In early business, recovered sharply in fairly active
        189 words
      • Article
        Euro $ rates
        134 4 Euro rates TRADING In Eurodollar deposits yesterday was light, with rates steady around Monday's closings. Overnight, Wedhesday/ Thursday and week fix were all unchanged at 7-11/16 79/16 per cent while Thursday/ Friday stood at 21-7/8 21-3/4 per cent. Among basically unchanged periods, one month was down 1/2 point to 7-13/16
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        Frankfurt
        34 4 PRANKPURT exchanges opening quotes on June 6. US 2.6S28/40 Can *****/BS Sto j.saa/it Dfl n 40/50 Str 106.66/06 LK 2 4SS/U2 FIT 46.33/41 Mkr 30.06/75 Mr eon 0.300/400 Bfr 6 37V306 Tan 0.MM/M
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        Australia/NZ
        37 4 AU8TRALZA/NZ exchanges quoted on June 8. AUSTRALIA: OB dollar 1. IMS/1. ISM Sterling WnKl-Mr Mraau buying raw SUrttnc e.MB' US doOara 1.1006 USdSari 1.1266 NXW ZKALAND: StcrMnc 0.MM/ 0.8661 US doBar 1.0I6S/1.8OOO NJn^.^buyM.»~ US dollar 1.0687
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        Zurich
        23 4 ZURICH exchanges closing quotas on June 5. US l.MHW Dfl was IMS B&ffisr *88 'i utoan-jm Am ach tUSSl-TU* MiWM« Tan 6J84SS071
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      697 4 PEGI MALAYSIA BERHAD NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Members of the Company will be held at the registered office of the Company, Tlngkst Kedua, Blofc E,Kompleka Pejabat Damansara, Damansara Heights, Kuala Lumpur 23-04, on Friday, 30 June, 1978, at 4.00 p.m., for the following
      697 words
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  • TRANSPORT
    • Article
      Airlines are not likely to give direct credit
      638 5  -  •r WANG LOOK KEAH DESPITE steady growth In using credit in air travel most airlines In Singapore dor not foresee providing sueh facilities here In the near future. On the whole the airlines feel that there is no need for these facilities
      638 words
    • Article
      JAL flies to Abu Dhabi
      92 5 JAPAN Air Lines (JAL) has lhaugurated a weekly service to Abu Dhabi In the United Arab Emirates on its Japan-Europe (southern rdute) run. The new service will now link Tokyo, Bangkok, Karachi, Abu Dhabi, Cairo, Athens and Paris. The weekly flight to Abu Dhabi will
      92 words
    • Article
      Lock icon Ships of sinking firm restrained
      203 5 UPI TWO ships of the nearly bankrupt Pacific Far East Lines (PFEL) on the high seas have been ordered to return to US porta to prevent their seizure by foreign creditors In Japan and Hongkong. The order was obtained from bankruptcy court Judge Lloyd King
      UPI  -  203 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      667 5 u ARRIVALS Service Local Operator Number Time From CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK StA SQ103 1045 KUL SIA SA209 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA908 1100 MES UB UB231 1115 RON THAI TG981 1120
      667 words
    • Article
      Lock icon US seeks better deal over Europe flights
      136 5 Reuter AMERICAN Transportation Secretary Brock Adams urged European countries to move closer to a free market In airline travel. He hoped West Germany and others would follow the example of Holland, which last March agreed on new rules for scheduled and charter flights
      Reuter  -  136 words
    • Article
      Skills that go with a great sea-faring nation
      387 5  -  ■r CHAN BONG SOO AS SINGAPORE builds up Its status as one of the world's leading maritime nations, there Is a growing awareness of the need to Inject more professionalism into the shipping and related trades In the Republic. In this respect,
      387 words
    • Article
      Lock icon Court reverses ruling on sea death claims
      234 5 UPI THE US Supreme Court has ruled that survivors of a person killed in an accident on the high seas, can collect damages only for monetary losses. The opinion held that damages in such cases are governed by the death on the High
      UPI  -  234 words
    • Article
      Lock icon Hitachi's German order
      74 5 UPI HITACHI Shipbuilding and Engineering has announced that It has bought a licence from a West German technical inspection institute to produce pressure vessels and atomic power equipment. It said the licence from Technlche Überwachungs Vereln (TUV) covers pressure vessels for general purposes, reactor equipment, boilers and
      UPI  -  74 words
    • Article
      FAR EAST FREIGHTS
      869 5 MORE and more space charters are expected In the next few months as both trampers and conference owners try to improve their profits. Owners and brokers are becoming more secretive in fixtures signed as a means to boost rates. Owners are paying high charges In some ports
      869 words
    • Article, Illustration
      SHIPS IN PORT
      352 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vllja (B. Baree) (1200 after Ocean Supply) 48 Fortune Star (after Heroinae) 8/9 Hoegh Orchid (after Sondershausen It Hljaz) 31/32 Iweri (0800) 23 Jlnyo Maru (1530) 44 King Lake (0600) 22 Lumut (1700) 21 West New Deer (after Tal Ping) 38/38
      352 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      203 5 UPI CHARTERERS often fall to divulge details of rumoured fixing which was of sufficient volume to support the recently improved Atlantic tone, it was believed. However, very few representative fixtures materialised and assessment of the true picture remained difficult. Indian Oovernment charterers, having worked several cargoes nearly
      UPI  -  203 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      17 5 SINTAT Rent-a-Car SINGAPORE A RPORI TEL *****5 CITY TEL *****55 Co*' us tor you loco' on.vara reservations
      17 words
    • Advertisement
      Page 5 Advertisements Column 2
      309 5 v to expand myj business. Wee Kok Wah, Stamford Tyres. v S 4* *w fc*v. .<• *w* I i Recently, in an RTS documentary called the "Money Link", Mr Wee Kok Wah of Stamford Tyres explained how he found the funds he needed to expand his tyre and tyre retreading
      309 words
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  • Article
    Need to review corporate laws
    447 6 THE BodeCy of Accountants' call for greater adherence to the principles of disclosure by companies mains It opportune to sound the cry for a further review of the Companies Act. The accountants have taken Issue with a section of the corporate public and their solutions
    447 words
  • Article
    Local banks should take the lead
    265 6 THE Post Office Savings Bank's (POSB) latest move will be watched closely by commercial banks in Singapore. Automated teller machines, for all the claims to increased efficiency that they make, are still accepted by local banks only in concept. Few have dared to contemplate
    265 words
  • Article, Illustration
    Amex adopts an educational soft-sell approach
    1750 6  -  ■y COLIN CHEE RON GLOVER is confident, about himself and about the American Express Card he markets, as vice-president for Amex Card Division's Asia, Pacific and Australia operations. Being six-foot tall helps you to be confident. But so does an Impressive track record. Primarily
    1,750 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      269 6 t m 8 f#*54, r# o*;£ W&U&' I •.TMsSriUI PebMe Bar Experience the unique expression of Tftnla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open till 2.00 a.m. Coffee Shop
      269 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 W EATH E R" OUTLOOK for Singapore from 6a.m. to noon today: Isolated shotoers. Report for 24 hours prior to 7.30 p.m. on June 6 at the airport. Maximum Temperature 29.1° C Associated Humidity 75. Minimum Temperature 24.0° C Associated Humidity 92. Hours of Sunshine 0.00. Rainfall in Millimetres 0.7
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      257 6 SINGAPORE 5 3.00 PM Opening announcements followed by Th 4 Will (Repeat) 3.30 Diary of Events (Malay) 3.35 Bonanza Decision at Los Robles O 4.25 Intermission 6.05 Opening announcements followed by December Bride Piano Show 6.30 News in Brief 6.35 Wild, Wild World of Animals Chincoteaque Ponies Rampaian Sukan (Malay)
      257 words
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  • Article, Illustration
    Very little hope to have Fukuda fulfil pledges
    1438 7  -  ■r DILIP MUKERJEE THE PLACE: Manila. The time: August 1977. The occasion: the end of Prime Minister Takeo Fukuda's flag-waving visit to noncommunist South-east Asia. And to mark the occasion Mr Fukuda makes a ringing declaration of Intent. Japan, he promises, will
    1,438 words
  • Article
    Lock icon Big lottery prizes can pose you problems
    731 7  -  •y BRUCE RUSSELL Reuter BY STUDYING the Uvea of people who have won big prizes In lotteries, a husband and wife writing team has come up with proof that money does not always bring happiness. n Sudden wealth can pose many problems, and
    Reuter  -  731 words
  • Article
    STRAWS IN THE WIND
    525 7 THIS will kill the environmentalists and econuts new evidence suggests that plants, not man or his machines, may be the biggest cause of smog, with rain as the trigger mechanism. Three metereologlsts working In San Francisco have formed the theory that plants, as they process carbon
    525 words
  • Article
    Act now if you need external funds
    855 7  -  FORUM, r 0 D economics in« ii By KAREN ARENSON Karen Areneon it a New York Timet economic writer. LATE last year, when Henry Kaufman, partner and chief economist at Salomon Brothers, predicted significantly higher Interest rates and some squeedng out In the
    855 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      318 7 w TODAY Lunch at OKOH r 3^ S» >" J; f i 3 branches for your convenience SINGAPORE OKOH supreme House. Penang Road. Tel *****1 I: OF GINZA jng Leong Bldg Raffles Quay Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel *****2 hnchanted evenings in fine European tradition. Mirabelle *s'U
      318 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      78 7 Bristol: I'U. QVC p\ SHOfcT IMT(?OOUCT|ON THC-N L£T NOU GeT ON u>,Th Wfie. NOT tsteßvouS. P>g£, NOP 7 V«Lgi«'»mN< VS\£ 2/ -i X*" 11 t >.1 \t k4c Il\ To "s£U_nou THE. truth \WC S&£N TyACm UiHiLe CBRRUThCRS wr\s B&E.N tBF\B6>»Tri»lG» ON RtC> IM6V .LOOK FN TRIfLC SKITriSM !> w
      78 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Caution prevails
      527 8 TOKYO Source: DBS Daiwa ALTHOUOH tbe market on Wall Street rose sharply on Monday, yesterday's Tokyo market was bearish since most investors crew cautious due to the yen appreciation. However, incentive-backed issues such as Telkoku Oil. Arabian Oil. and Sony went higher on rumours of good news. Pharmaceuticals
      Source: DBS Daiwa  -  527 words
    • Article
      Lock icon Hongkong
      389 8 Source: Sun Hung Kai FROM the opening bell yesterday. buyers poured Into the market to buy blue chips across the board. The market must have been up four points In the first hour, buoyed by bullish comments In the local, overseas, and Chinese Press. Overseas brokers seemed quiet, tending
      Source: Sun Hung Kai  -  389 words
    • Article
      Sydney
      290 8 THE market yesterday closed slightly higher in very aulet trading following the long weekend. BHP rose two cents to $7 and the ANZ Bank one to $3.14 after going ex-dlvldend, while the Wales fell two to M.20. North BH rose two to 81.30, Western Mining three to $1.38 and
      290 words
    • Article
      Manila
      158 8 THE market yesterday closed mixed with commercials and oils averages gaining slightly while minings declined, as turnover rose to 8 22 million pesos from Monday's 5.52 million, dealers said. Leading mining issues were unchanged, but secondary issues fell slightly. In oils, Phil Overseas rose three point* while others had
      158 words
    • Article
      Bangkok
      152 8 JUNK M Bahts Asia Fibre MS unch Bangkok Bank 373 unch Bangkok Invest. Bangkok-Metro-politan Bank BaU —r 735 15 Berll Jucker 480 >2 Carpet Intnl 370 IS Charoong Thai +2 Wire 298 Dumex DusttThanl 335 ♦7 Faber Merlin First Trust 433 -5 Oenera Finance Indo-ThaT Industrial Finance Corp 2535
      152 words
    • Article
      Jo'burg
      330 8 GOLD sbares were weaker towards the dote on Monday reflecting the lower bnlllon price trend, but selected issues finished above, the day's lower levels, dealers said. Mining financial! tended to follow the easier producer market In hesitant trade. Charter Cons gained five cents against the trend ahead of results
      330 words
    • Article
      Amsterdam prices up
      246 8 r < hi /'"/v-;i.v MAR Kl-ris EUROPEAN bourses (renerallv closed mixed to higher an MonAMSTERDAM, prices were mostly firmer In quiet trading led by KLM and Van Ommeren. closing 4.t0 and six guilders higher, respectively, dealers On the European Options Exshange 674 contracts were traded compared with
      246 words
    • Article
      Amsterdam
      196 8 JUNK M FV» ABN 356 00 -l.» Ahold ***** ♦0.2 Akao 30 90 +0.4 AMKV 85 20 1.4 113.00 1 AmrotBtn* 14.SO -0.1 EC.:::::::: 51.00 90.00 -3.5 ♦0.3 Bob 75 00 1.5 Borsuml) 164 50 -0.2 Burhmann 73.00 -0.2 Byenkorf 89 00 unch CaJve Delft 100.50 "1 Dell Ml]
      196 words
    • Article
      Paris
      258 8 JUNE m Alr-Uqutte BSNO«nrUl Dtnone C 8 F (ThorntonCut) CleFTancalee da Petrolei Compacnie Flnanciere CoaipMnX 0«nenl( Credit Foncler DeFrance Hachette (Ubralrte) Uachlnet Bull Mlchelln (B) Panba» Pechlney Clgine Kuhlmann Peugeot' Philip* (N* Oetn BMt) Prtntempe B A Rhone-Poulence SA Royal Dutch 8ues(Cle Flnan ThomaoB-iraaA* Uainor 29# SO Ml Ml
      258 words
    • Article
      Milan
      98 8 JUNE UK +7Ante M unch AaaocOtn ***** ♦230 Baflof) 473 411 Oninlt 3788 14# rt»t 1832 4-12 Finuder MM -0.25 Oenlmmob 75 as unch inprl 2168 +48 lulcemcnu ***** 228 IUi«u 704 SO +4.5 IUiaider 178 2S 1.75 Magneti MPf 4(1 Marelll Ere 287 -1 Medloto ***** 100 MlrtUnia
      98 words
    • Article
      Frankfurt
      204 8 jvm m Dm Aef-Telefunken 81 30 -0 9 Akao 28 90B All* LeDen 620 AllsVer* 470 1.5 BASF 13# TO -0.1 Bay H T Wbank 273B unch Bay Vbank 300 90 -1.5 Bayer 138 90 0 1 BBC 288 -1.4 BMW 236 30 -0.7 Cfciarila —xd Chem Verw 243
      204 words
    • Article
      Brussels
      92 8 JUNK Ft» FORWARD NAUR Acec rn unch Arbed Aatur 2325 unch 640 -4 Brucan 494 +9 Bru-L*mb 1500 unch Canpac Ml unch Cock 433 ♦8 DeBeen 172 4-1 Ebet 2235 15 Bectrobel 8310 -40 Ob-lnno-Bm 2025 4-10 Gev 1300 -10 Hobok 2230 -5 Petro 3M5 unch Ryl Dutch 1840
      92 words
    • Article
      Zurich
      189 8 JUNE 86 Franca 1 ActionsSulsses 258 Alusulsse Br 1270 -S Alusulsae Ret 512 -I Brown Boved Br. 1855 -s Ciba Getty Br 1130 15 Ciba Oelfy PC 825 -IS Ciba Gelty Reg 505 -s Credit Suisse Br 2130 15 Credit Sulsae Ref 404 1 Elekt.ro watt Br. 1870 +20
      189 words
    • Article
      Sharply higher
      1038 8 NEW YORK CASH-heavy Institutions returned to the market in force on Monday pushing stocks sharply higher In heavy trading as hope grew that the inflation outlook would Improve. Michael Mets of Oppenhelmer and Co said portfolio managers who had been waiting for a market pullback after the strong
      1,038 words
    • Article
      CHICAGO BOARD OPTIONS
      1484 8 June 5 VOLUME on the Chicago Board Options Exchange expanded to 166,856 contracts from 97,440 contracts on Friday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am
      1,484 words
    • Article
      Toronto
      265 8 SHARE prices closed higher in active trading on Monday, with the Composite index up more than five points and advances leading declines 253 to 188. Real estate and industrial products posted the strongest gains of the 11 rising sub-groups but the gold index was down nearly 28 points on
      265 words
    • Article
      Selected indices
      64 8 .FINANCIAL TUn INDUSTRIALS Monday 41 4.5 5.J Week Ago da Ml l DOW JONKS AVERAGC INDUSTRIALS Monday 863 i 83 Week Ago Ctowd LONDON DOLLAR PREMIUM Monday INK to M* Prttey 104* to 106* BJL HANG SKNG Tuesday 408.71 —< Monday 484.17 Week Afo Closed STDNKT INDUSTRIALS Tuesday
      64 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      269 8 Why do Asia's most successful businessmen read The Journal Because succeeding in business is what The Journal's all about. The Asian Wall Street Journal is a business tool, designed to be used by people who make business decisions every day, and who need all the information they can get on
      269 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Bond issue could save Chisso
      281 9 THE Japanese Finance Ministry Is considering the possible issuance of local gpvernment bonds on the Japanese capital market to raise funds for Chisso Corp, the chemical firm burdened with compensation payments to victims of the Minamata disease, a ministry spokesman said. lie said the idea
      281 words
    • Article
      Lock icon Japan Synthetic Fibre
      96 9 UPI JAPAN Synthetic Fibre, a Joint venture between two leading Japanese textile manufacturers has opened for business, company officials said. The US$l4 million company Invested In equally by Asahl Chemical Industries and Kanebo. will handle sales of acrylic, long-fibre polyester yarns, nylon and spandex yarns. With a
      UPI  -  96 words
    • Article
      Brown Boveri expects rise
      117 9 BBC AG Bums Bowl and CU chairman Fraas Lutarbacher told tke aaaaal meeting group 1»78 turnover and ißMoioc nsdw higherthaa last ratoe pwmUhif attoTIS of 1977. However, bo did not My what tke remits would be at current exchange rata* declined to forecast cask flow. In
      117 words
    • Article
      Lock icon US steel firms look forward to relief in second quarter
      733 9 Reuter TH3 US steel Industry, hard hit In recent months by poor weather, a lengthy coal strike and rising Imports, appears to be Beading towards some relief In the second quarter. Security analysts say they expect higher second quarter steel
      Reuter  -  733 words
    • Article
      CHRYSLER
      47 9 CHRYSLER Corp said it plans to spend US$57 million to modernise its Lynch Road assembly plant and convert It to produce new lines of Dodge and Chrysler cars. Chrysler also said It is raising Omni and Horlson prices by $95 or 2.4 per cent, effective Immediately.
      47 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      1580 9 STATE BANK OF INDIA Central Office: Madame Cama Road, Bombay-*****1, India BALANCE SHEET AS AT 31st DECEMBER, 1977 CAPITAL AND LIABILITIES 1. Capitol: Authorised Capital 20,00,000 shares of Rs. 100 each Issued, Subscribed and Paid-up Capital (pursuant to Section 5( I) of the State Bank of India Act, 1955) 5,62,500
      1,580 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1384 10 BID and offer prices officially listed and business In and reported to tbe Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1,066 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,384 words
    • Article
      Government and corporate bonds
      342 10 4 2/4% 11/6/66 (260,000) (100.468 100.568) 6*UW6I (256,606) (166.668 160.758) 6* T P l/S/63 (260,000) (100.458 100.568) 61/4% T P IWU-M (266,000) (102.968) t 1/4% 16/4/66 260,000) (100.298) 7 1/4% 16/16/66 (250,000) (100.70B) 7 1/4% 1/6/67 (260,000) (100.70B) 6 i/4% T P 16/7/87 (260,000) (101.968) 6
      342 words
    • Article
      Stock options
      80 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown In brackets. C sad C (Sept -12.20) (1 MB 2.048) Hume F B (Sept 81.20) (0.078) (2)
      80 words
  • Article
    SHARE INFORMATION SERVICE
    2468 10 1978 High Low Company Last Sale +orGr'a DW DW C'vr Gr's Y'W Net P/E Vol eooo) Day High Low SECTION ONE INDUSTRIALS 189 214 172 225* 83 215 235 V 210* 406 432 132 123' 112 195* 60S 162 173* 140* 256 394 Acma Alcom Allied Choc
    2,468 words
  • Article
    In Kuala Lumpur
    1549 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. INOUITSMU Afiwanta (2.458 2 538). Alaam (2.148) (1) 2 10 Atoi NaM
    1,549 words
  • Article, Illustration
    Easier trend prevails
    680 10 fiaaled —tto the rtiian of Tf PHcw fciw IM MJij aa wHiim for axthar two ar tkree weeks. Indtenttoan are tkat tke market will mmUaue Skaiaa will aaatiane to fall until Ikay reach a level wkere prices atakiliaa, anotkor round rf^naroasaeT Aaothar hrokar eald tkat tka decliae
    680 words
  • Article
    Dull trading on KLSE
    591 10 PERSISTENT selling pressure drove the Kuala Lumpur stock market, significantly lower yesterday. There was little sign of fresh buying support and gains, if any, were mostly small and far between. Throughout the greater part of the session, values weakened gradually over lacklustre trading conditions. The only
    591 words
  • Article
    Unit trusts
    67 10 UWT TOT WCOME »OWP UWT E2SSK-:: s-powprmr—d rvr im maba buioputba rum> fnSU 1-fT 1.M tf"* n 8'por* Invwt Pond 1 JO 1.T7 2e«*dS£5S*»' Ut »2 AMA.uwrwwr JSSthttSSSi' *S (Mm«m ptMkrAwR Plftfe BoMlputn lJi 141 Mai InvMt Fund IM LN Unti Mtirncrwt i4i ijk <A> I.M i.mItel SaewKy
    67 words
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  • COMPANY NEWS
    • Article
      HME investors give merger the green light
      543 11  -  ►r SUSAN SEVAN I AS EXPECTED, Harrisons qnd Crosfield has gained control of Harrisons Malaysian Estates (HME) through Its 1 for 5 share offer. It was announced yesterday that acceptances have been received In rteyect of 53.276 million shares or 31,91 per cent
      543 words
    • Article
      BOLTON LEAPS TO NEW HIGH
      217 11 CONTINUING the run It has enjoyed since 1975, Bolton Properties has romped ahead with a pretax profit of $5.2 million for the year ending last Dec. 31, the highest it has recorded in the past six years. This was a gigantic 49 per cent higher
      217 words
    • Article
      Market could be stronger this week
      434 11  -  •y PETER CHIA JAMES Cowan Associates expects the local stock market to improve this week. Any correction will most likely be very brief. The market has been consolidating for the last two weeks and JCA expects that this week should see the market resuming
      434 words
    • Article
      COMPANY MEETINGS
      113 11 Sigma Metal Company Ltd: AGM 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 20 A, Petallng Jay a at 11.00 a.m. on June 9. EOGM to be held
      113 words
    • LATEST RESULTS
      • Article
        Metal Box Bhd:
        51 11 Group pre- tax profit of M 56.39 million ($5.12 million) on turnover of $52.02 million ($48.39 million) for year ended March 31, 1978. Proposed final dividend of 13 per cent less tax (10 per cent), making a total of 18 per cent for the year (15 per
        51 words
      • Article
        Metal Box (S) Ltd.:
        66 11 Group pre-tax profit of $6.38 million ($4.65 million) on turnover of $06.66 million ($55.34 million) for the year ended March 31. 1978. Parent company pre-tax profit of $5.10 million ($3.64 million) on turnover of $50.15 million ($38.53 million). Proposed final dividend of 12 per cent less
        66 words
    • Article
      DIVIDENDS ANNOUNCED
      687 11 CMrat Ba Data 52* D*. payable TMal fcr Total fcr Sosfcawaaf nt i j satpjrara HMWkMcLui FEL8 N80P Paa Malayan OCBC Bouataad Holdings OUT OUB Sigma Metal Seaoofp Shaagri La St Trading Kent <FM.8.> Tin Aaollo Malakoff floating FAN (cum Pref.) K.T. Pan MaUuibita Cold Storage UMW TaaChaag
      687 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      938 11 1 J SHARE CAPITAL, RESERVES AND LIABILITIES INTERNATIONAL TRUST Finance Limited (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31ST DECEMBER 1977 ASSETS SHARE CAPITAL Authorised 5,000,000 shares of 1 each for 1977 and 1976 S 5.000.000 Issued and fully paid 3,000,007 shares of 1 each CAPITAL RESERVE
      938 words
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  • Article
    Lock icon Bid to whittle down Carter's tax plan
    1011 12 COMMITMENT TO FIGHT INFLATION Agencies PREBIDENT Carter's advisers want another US$4.5 billion (Sf 10.3 billion) eliminated irom the administration's tax cut plan as the price Americans must pay for further trimming of the planned budget deficit. Administration sources, who asked not to be
    Agencies  -  1,011 words
  • Article, Illustration
    Lock icon NO DIRECT GOLD SALE
    664 12 Reuter THE US currently has no plans to sell gold directly to foreign central banks, assistant Treasury Secretary for International Affairs Fred Bergs ten said on Monday. The US, however, Is looking at proposals to sell gold for payment in foreign currencies, he said after a
    Reuter  -  664 words
  • Article
    IEA sees oil shortage
    388 12 THE International Energy Agency (lEA) expects strong upward pressure on oil prices in coming years resulting from a shortfall in supply compared with demand. In its latest country-by-country review the lEA projects the 1985 deficit at between four and 12 million barrels a day based on
    388 words
  • Article
    LONDON STOCKS
    830 12 LONDON. Tues. The stock market closed quietly firm ahead of the UK banking figures, dealers said. Government stocks firmed after an easier start finishing with gains of around to point. Leading Industrials edged higher In small buying, helped by the firmer tone in government stocks. At 3 pm.
    830 words
  • Article
    Former Law Society president charged
    219 12 FORMER president of the Law Society Harry Lee Wee was charged in a subordinate court yesterday afternoon with two offences in connection with the recent case of convicted lawyer Sivagnanam Santhiran who was jailed for criminal breach of trust. On the first count, he was
    219 words
  • Article
    Lock icon BIGGER DEFICIT FOR THE WEST
    190 12 Agencies A MUCH bigger trade deficit was recorded by the industrialised nations in the first quarter of this year, the International j Monetary Fund reported yesterday. The' figure came to US$ll.2 billion (about Ss26 billion) against the previous quarter's $3.7 billion. The US, Britain and
    Agencies  -  190 words
  • Article, Illustration
    Top all-round excellence only way to maintain lead
    381 12  -  •y RAHIM KASSIM Singapore must distinguish Itself In the quality and productivity of its workforce, the excellence of its management and the superiority of Its products if it is to remain competitive in world markets. This is because other developing countries are
    381 words
  • Article
    Synthetic cartel
    98 12 A DATE has not yet been set for the signing of a cartel agreement among major European synthetic fibre producers, as negotiations on details are continuing, a spokesman for Hoechst AG said. The agreement foresees a reduction in existing capacity levels by 25 to 30 per cent by
    98 words
  • Article
    Shortage of labour is now critical
    457 12  -  •r RONNIE LIM THE MOVE by the Ministry of Labour and the Economic Development Board to get more workers, including housewives, into the industrial sector reflects the acute shortage of labour in this sector. A recent National Employers Council study, for instance, indicated that
    457 words
  • Article
    MANAGERS ARE TOP EARNERS
    357 12 ADMINISTRATIVE and managerial workers were the highest paid in Singapore last year according to a recent survey by the Department of Statistics. Findings of the first phase of the household expenditure survey, conducted from mid-April to mid-May last year, suggest that they earned an average of
    357 words
  • Page 12 Advertisements
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  • Article
    SHIPPING TIMES
    3361 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates bf arrival and departure from Singapore port t CiaiiHla—- StuOateh hat t Jetat service
    3,361 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      174 13 for further di t*us af! Singapore *****46 Kuala Liimpui ***** Port Kelan*. *****0 Peoan K ***** 1 SHIPPING EVERGREEN LINE rr*s-ro« LOADING FOR VLa Greenfield Navigation C*., Ltd. REGULAR UNCI SERVICE TO ARABIAN GULF ETA S PORE IOAOHtG FOR HAHCOCD JM 13 OOMI. DMMMM *OT 5 KHNMMNMi SUN ORtIM Jtm
      174 words
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      Page 13 Advertisements Column 2
      343 13 EVERGREEN LINE (EVERGREEN MARINE CORPORATION, FAB EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE auo tcctriM cmco rot COKM. LATTMIA. KIRUT, KIBMU, KRtMOI, TMPOU (LIRYA) ifn MM Pwt SM UmM Uoan Rirnlm EKRHUMMITT II Mm 241 mm 21 hm JIM 4My IMy 7My MOHaUSSMG IMy 14 Mr 17 My aMy
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      Page 13 Advertisements Column 3
      316 13 MED-AFRICA LINES REGULAR MONTHLY DIRECT SERVICE FROM SINGAPORE TO PORT HARCOORT (NIGERIA) •M.V. "PAMELA" VOV. 1 iStSSf 30 )M •M.V 'AMAMO«"*OY.I 291 M 19 M *A VESSEL 14 My II A* ConUiWf A Sraattalk c*|o vcmct Transit Tunc K ifl C'jflfntiM trtf iarnct Priority 6crtki*t private wtttfl tacihtMS Gen. Afents:
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      Page 13 Advertisements Column 4
      223 13 SHARJAH SHIPPING CO LTD v..* IT tSAP y f RHll SHIPPinG 11(16 1 -> u* *K »<**E [HH I 9SST W, GULF SHIPPING LINE j* 'fc ttie f m B«'i s n_SntßjtH Shipping <• F't .V,,K|S tp s Vrf*. 'i;ts s s i:•>; sj p, <~->. I a*. SOON SHIPP
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      Page 13 Advertisements Column 5
      16 13 n SEA gLAND ACCEPTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO Ml DOLE EAST BOOKING TIL: *****22
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      Page 14 Advertisements Column 1
      2684 14 rm§« SHIPPING FULLY CONTAINERISED TO EUNOPE EW9RTS fpn PJataaf irtaff B*taaaa Mm It Ham ESS 10/6 11/6 20/6 22/6 27/6 30/6 5/7 7/7 14/7 16/7 21/7 23/7 1/7 3/7 4/7 (5/7) 11/7 13/7 14/7 16/7 17/7 U/7 20/7 24/7 19/7 21/7 22/7 24/7 30/7 1/S 2/1 5/9 S/« 7/1 l/l
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      Page 15 Advertisements Column 1
      1180 15 OCL Overseas Containers Limited SOVttt T» N/tNTUKIL Mlarf > Start P. UMf D'nur* M la It M 1 M ■m— in I M T M M •MKH EJMCtt H W M M I lac m n m a m i: *a MMUO a M M 1« U( mihii air iia
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      Page 15 Advertisements Column 2
      1058 15 It M—l (Ma I OE HVANHOCH (.1/f MM l/lt MM I Mty UakM. Leiiaes. Ttlkary. PUMTtt IS/1? JMM a/a MM H/a IW DM) B'ltoo. tmu. Mix. CUM 1/ to* 1/ tMy Itm l»akM. imit, Tilkary. Ma ma n/CNTiin or* saao ■iMMnH* Sails Europe Penang P. Kelaflg S-i*«Pof» POtl put an
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      Page 15 Advertisements Column 3
      826 15 I iuna [ijg tnTJW^t im* Ikf «Mr iMy n m J. 1 *S 2** 14 >*> <*• Out IP. Kakaas iMn Hn U4»*; l mm u MM lIMIIM Ml. T«* MM It tan Ml. a. m KM nmm BMm tm. ML IM IT M Ml. TU, W ii mm tMr
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      Page 15 Advertisements Column 4
      657 15 r 1 Scan Dutch *9 m i 3JAA 3111.1 grnros i iuuwi n/ FRANCE SCA W 0 I 3 li PET i a ii. 1) C'bart i) Kin a I m 4) Ma* St LaR M*Millas p. Ralaag Stare TIT AMU S« M HM MM UM MM MM 11/ I
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      Page 15 Advertisements Column 5
      492 15 GUTHRIE BOUSTEAD A(,E MC.ll S THE BANK LINE LTD FNE.II AFRICA FBVTBM Oil (Mturitiat. CJMtM*) a. ktwp, OntM IX.. P. Mt«m 11/ M m t m a/a P. KtiMt 11/11 MR I(« WIT JM LVKES ORIENT LINE net BNECT FtM JAPM PRRTX. STIIU ITUI tM a LMte) 11/11 km tllMßfTa
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      Page 16 Advertisements Column 1
      739 16 rife iv Kline KAWASAKI KISEN KAISHA. LTD 1 <VU SKZ) IJ XPHf S'pore P. Kilang L.Hiwe rbwi Bremen ITdam A'wero uiitifM iw lln 91MB 9 31JM 1 2Mf 4 CUEHTAL CtIEJ W filM WtM SW» 1 1 "T tl Iw 22 tM It Ml 13 Mf M Wj 15 Wf
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      Page 16 Advertisements Column 2
      963 16 E.C.-U. S. A./ATLAHTIC/GBLF SERVICE accepting Fct/ici communis rm stok. p. «hai«. poi S>i«**are P. la lawn PIMM a/17 My is rm My n/aw */»M E.C./GREAT LAKES SERVICE Miim JWS MYSME" (HIM SCI) W» M M/»M* «/»M H/*M CALIFORIIA/PACIFIC RORTH WEST SERVICE UMM Mr: L*S UUUI. IM FIAMCISM. tUTTU, TNM. WMMffC.
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      Page 16 Advertisements Column 3
      731 16 ifca AINEKISED SftVICiS: rd» mjm Mi** '"I IMy )W) IMr «Mf »*J «tt JJ£S 255 hmv aw n«» aft 23My "Mr aMy aft aMr »15 1■« 7 Aac 11 A* wM| u Aaf P K*la*( SMaptMjTMii Ita *1M 11 jw JMy Jig 22 *m i»» 2ft nma uMr a*» iMy
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      Page 16 Advertisements Column 4
      597 16 MALAYSIAN SHIPPING CORPORATION 8894 AD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA f—*»' f. Mlaflf HUH nuatu t/a um EUMtU 11/ Ma. BCJ tumu a/ muu FIMCfICt 1/ 1 INMII rUMtIC* 1 NIUUI I'tort U Mt.litJ 1/ nt 11/ i vt a/1 n/i in mi ii/i */1 J) Mori 4) Gt«r|
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      Page 16 Advertisements Column 5
      648 16 t INTRASEA (PTE) ■Jji Line. STRAITS/AUSTRALIA SERVICE Sin poor* f. Keltng LniOf Mr r symey v. ia iii« uih Br>jb««/s»dwt/ Melbourne Aflelaitt,, lam-n mtimu <nt) LTa.-»aaii-aaaaiat-I -if- TU taVflM A TIMIM UWI. Mm ALPAC LINE SOUTH AFRICA SERVICE CNI M V 27 Sport P. KelaMf IJtat Pwt mwu mi lib
      648 words