The Business Times, 10 June 1978

Microfilm: NL9737
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, JUNE 10, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Terror alert
      72 1 AFP TOKYO, Frl. The Japanese government today alerted Its diplomatic missions abroad and JaDanese airlines for possible terrorist action, Including hijacking, by Japanese ultra-leftist groups. Officials of the government and two Japanese airlines met today to consider measures to prevent possible attacks by the terrorists, including members of
      AFP  -  72 words
    • Article
      Hear, hear
      60 1 KUALA LUMPUR, Fri. Prime Mini«t»r Datuk Hussein Onn will make an Important announcement, most probably concerning the general election, at the National Front Supreme Council meeting here tomorrow. Sources said today Datuk Hussein might reveal his long-kept secret on the nomination and polling date to the council members
      60 words
    • Article
      Lock icon Asean's call
      63 1 AP BANGKOK, Fri. Asean will urge the major industrialised countries to lower the tariffs on products from member countries In order to boost the commodities output of this region. I Secretary general of the Asean Secretariat (Thailand), Thep Devakula, said today the proposal will be drawn up during
      AP  -  63 words
    • Article
      Lock icon Tax treaty talks
      54 1 Reuter •MANILA, Fri. Phase one of the tax treaty negotiations between the Philippines and -Thailand on double taxation ended here today. Finance Under-Secretary Alfredo Plo de Roda Jr, chairman of the Philippines panel, said the tax convention with Thailand will be the second between the Philippines and
      Reuter  -  54 words
    • Article
      Lock icon Steel cutback?
      70 1 AFP BRUSSELS, Fri. The consultative committee on steel of the European Economic Community today recommended a sharp cut-back in steel output in the third quarter of this year. Tne committee called for a reduction of aggregate EEC production during the threemonth period to 29 million tons, about 20
      AFP  -  70 words
    • Article
      Lock icon Paradise lost
      49 1 AP. JAKARTA, Fri. Some 680 Inhabitants of Ball are suffering from serious food shortages friwaiif of harvest failures and long drought. The afternoon dally Slnar Harapan said the Regent orßungll has provided 1,200 kilos of rice, 100 cans of condensed milk and medicines to the victims. AP.
      AP.  -  49 words
    • Article
      Lock icon Sterling firms
      29 1 Reuter LONDON, Fri. Sterling firmed slightly on European foreign exchange markets today, strengthened by the British Government's imposition of tight monetary controls on the economy yesterday. Reuter
      Reuter  -  29 words
    • Article
      Lock icon Dow Jones
      73 1 UPI NEW YORK, Fri. A fear of possible credit tightening helped turn stocks lower in early trading today. Turnover was moderately active. The Dow Jones industrial average was off 2.33 to 850.75 shortly before 1500 GMT. Analysts suggested that an abnormal gain In the money supply depressed traders
      UPI  -  73 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      120 1 Rises OCBC 790 +40 FAN 480 +26 CAC 442 +22 Straite Trading 880 +20 HKLud 420 +20 U«CBi 100 14 Austral Aiaal 460 +10 M Flour 348 10 TuCkoai 284 +8 CKTik 183 +8 Premium Hldga 129 +8 Falls FMCsUm 140 -6 Dutch Baby 172 -5 8
      120 words
    • Article, Illustration
      In Kuala Lumpur
      150 1 Rises O.C.B.C. Fand N CandC Bedford C. Sugars CandC Bin tang DunlopEst. T.85 4.02 4.54 3.00 X.BS 2.82 3.64 -+.40 .34 +.26 +.20 +.12 +.10 +.08 Foils A. Hltam (Tin) M.P. Mills Bt. Semb. Petallng 10.10 2.30 2.76 6.00 -.10 -.06 -.06 -.06 Most active UMW 315.000
      150 words
  • Article
    Singapore shines as gold importer
    713 1  -  SECOND TO SWITZERLAND By QUEK PECK LIM SINGAPORE Is the second largest Importer of gold after Switzerland from the London bullion market, Importing slightly more than 73,000 kg last year. UK merchant bank Samuel Montagu revealed this In its annual review of the bullion market.
    713 words
  • Article
    Batam refinery start-up date
    291 1 INDONESIA'S giant oil refinery project on the island of Batam, to the south of Singapore, is expected to start production in early 1983. President director Major General Plet Haryono of the state-owned oil company, Pertamlna, told the Parliament Commission on Mining that technical teams from Kuwait,
    291 words
  • Article
    Auto cure for job hopping, staff shortage
    545 1  -  ■H POO CHOY PING FACTORIES should turn to automation to solve their twin problems of labour shortage and job hopping. Making this call yesterday, the Minister for Health, Dr. Toh Chin Chye, said that the invention of the large-scale integrated circuit chip has
    545 words
  • Article
    Lock icon Exxon hauled to court
    202 1 UPI THE US Department of Energy filed a suit on Thursday charging that Exxon Corp has overcharged Its crude oil customers by U*****.3 million (***** million) since 1973. Exxon officials, contacted In Houston, Texas, denied the allegations and promised to fight them. In the suit, filed
    UPI  -  202 words
  • Article
    DON'T PUT OFF COLOUR DATE, KL TOLD
    88 1 THE Introduction of colour TV to Malaysia, scheduled for the end of the year, should not be postponed further, a German expert said yesterday. Mr. Ouenter Knoll, head of the engineering department, Television Training Centre (TTC) In Berlin, Is In Kuala Lumpur to
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  • Article
    Tokyo will play ball at the Bonn summit
    236 1 JAPAN will adopt a very cooperative attitude at the seven-nation Western economic summit in Bona next month because it recognises the scone of global economic problems, said Deputy Minister of Finance Michiya Matsukawa yesterday. Mr. Matsukawa said that at the same time,
    236 words
  • Article
    Lock icon Economy of Japan as resilient as ever
    346 1 Reuter THE Japanese economy Is recovering from the current recession and the Impact of the falling US dollar has not been as hard-hitting as was expected, the Japanese Ministry of International Trade and Industry reported yesterday. According to a survev of 21 major
    Reuter  -  346 words
  • Article
    Asean ministers put off decisions
    124 1 ASEAN economic ministers have postponed approval of guidelines submitted by the Asean Permanent Committee on'. Industry, Minerals and Energy that trill allow private entrepreneurs to benefit from a wide-ranging Industrial complementation scheme. The scheme is aimed at giving private entrepreneurs in member countries the right
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  • Page 1 Advertisements
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      0 1 -'}$>:+.=*;{[.'**'{;,,<=&`.%>"|
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    • Advertisement
      Page 1 Advertisements Column 2
      121 1 PEUCEOT6Q4 r 2 A MOST DfHTTMiT TISHEP Cm Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent
      121 words
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      Page 1 Advertisements Column 3
      47 1 I PEOPLE la fe POLES ?Mtt iaf slump pus kay to* LETTER from CROSSWORDS 2, BAIT AN Mi cut toiwlij h rickty BUto 7 FUJITEC ■!—lilh tat kaapa S Itisli•••••••••••••• 11 CHIN TEC& kit by Www p«lhi prtcm U AD 2, AIRCRAFT SCHEDULE i. TV RADIO i.
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      Page 1 Advertisements Column 4
      30 1 f:\vrett Lines tOt THf MOST HtCQUtMT SAILINGS TO BANGKOK HONGKONG •JAtAN tUSAN. Everett Steamship Corpn S/A Leader Pg 6 v m i m Wy (OTP .■•^••■i»«s -i'&&&} I f.\ lT
      30 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Harnessing the transnationals
      552 2 MALAYSIAN Finance Minister Tengku Rasalelgh Hamab has urged developing countries to offer transnational cdrporatlons Investment participation on a package deal oasis to facilitate more even development of their countries. He mid such a strategy would enable the development of sectors which were lagging and where foreign know-how
      552 words
    • Article
      MEMO PAD
      351 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 5-July 29: Life Agents Certificate Course, SITC, SITC June 8-22: Personnel guidelines St policies, Hilton, POD June 9-10: Understanding accounting reports for managers, MPS management
      351 words
    • Article
      Electronics supporting industry to review its role
      155 2 THE local electronics supporting industry will come under close scrutiny when representatives of the Industry meet for a two-day seminar on July 21-22 at the Shangri-La. The theme Is "Electronics supporting industry quality consciousness for export promotion'.' Organised by the Singapor* Quality Reliability
      155 words
    • Article
      Continental decides to close its KL office
      118 2 CONTINENTAL Oil Co of Malaysia has decided to close Its Kuala Lumpur office. Company president Charles Brennlg confirmed the decision and said the US parent company, Continental Oil Co (Conoco), announced the move In the US, but said no decision has been taken
      118 words
    • Article
      Lock icon Fraser hopeful of concessions from the EEC
      344 2 UPI AUSTRALIA U hopeful Of getting positive trade concessions from the Common Market In the current Tokjo Round of multilateral trade negotiations In Genera. Mr. Malcolm Fraser, the Prime Minister, said this on Thursday In London. He arrived for a fire-day visit to
      UPI  -  344 words
    • Article, Illustration
      A touch of Singapore coming up in Kuching
      308 2 A TOUCH of Singapore shopping will be found in Kuching with the start toon of SIC million multi-purpoee rnmiasrrlsl complex in the hour* of town. It will be just like one of the Mg shopping pluu of Singapore, uyi the developer, adding
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    • Article
      Reports from US surprise Seiko
      181 2 THE maker of, Seiko watches expressed surprise yesterday at reports that tampered Seiko watches with bogus warranties and Instruction booklets have been shipped to the United States. "We found no reports of the existence of such tampered watches in our correspondence with American distributors," a
      181 words
    • Article
      Lock icon Thai tin sales dip
      56 2 UPI THAI tin exports fell to 2,620 tonnes in April from 2,631 tonnes in March, but compared favourably with 1,864 tonnes In April 1977, said the Bank of Thailand. During the first four months of this year tin exports rose to 11,172 tonnes from 8,595 tonnes
      UPI  -  56 words
    • Article
      Lock icon China's metals lag
      281 2 Reuter DESPITE renewed emphasis on advancing production of many vital metals, China will remain dependent on Imports well Into the 1080s, says a US Central Intelligence Agency research paper. China's overall resource BidUon probably compares vourably with that of the US or the Bovlet Union, although there
      Reuter  -  281 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      265 2 ROLL EI Singapore bu appointed MrT Kurt Punefce M technical planning director. Mr. Panneke, 42, bu wide experience In the manufacturing Industry. He started work In Berlin In 1960 and has held supervisory and managerial positions in Germany. He holds a diploma In mechanical engineering and has
      265 words
    • Article
      Highlighting the innovative abilities of our youths
      388 2 THE Singapore Science Centre has set up The Young' Technologists' Corner to highlight the innovative abilities of the Republic's young technologists. This was disclosed by Dr. Ang How fihee, chairman of the Science Council, in his welcoming address at the opening ceremony of
      388 words
    • Article
      SEMINAR ON HOW TO SELL MORE
      122 2 A THREE-DAY seminar (or sales managers and executives will be conducted by Marketing Improvements Ltd at the Hilton Hotel from June 28 to 28. The seminar will cover techniques for penetrating Industrial markets, Its planning and preparation. Participants will be drilled In negotiation skills,
      122 words
    • Article
      Lock icon Seoul's trade deficit worsens
      168 2 Reuter SOUTH KOREA'S current account balance of payments deficit widened to U***** million last month (***** million) from 93 million In April, compared with a surplus of 911 million in May lan year, provisional figures showed. The trade deficit widened to 9149 million from 939 million
      Reuter  -  168 words
    • Article
      Lock icon Manila accepts lease proposal
      145 2 UPI THE Philippine Government has officially accepted a Japanese proposal to lease three floating electric power stations. Japanese sources said in Tokyo yesterday the lease is part of a government step to increase overseas economic assistance, reduce Japan's trade surplus and bolster the shipbuilding industry. Manila
      UPI  -  145 words
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      Page 2 Advertisements Column 1
      187 2 r /i h I P* n HI 1131 INCORPORATED IN SINCAPORE Notice of Meeting NOTICE IS HEREBY CIVEN that the 19th Annual Ceneral Meeting of the Shareholders of this Company will be held at the Registered Office, 104-108 Robinson Road, Singapore 1, on Friday, 30th June, 1978, at 10.00 am.
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      320 2 CRYPTIC PUZZLE 4 ssisr tht irtfromu T Clothing looted after by ths actor's mistress Those characterising Um artist? M But not too proud to |H« a U ruling me with iom< 14 start frolicking around with Bams (4) If Tiaes or gorae, we bear (4) M Can in mimicry (3)
      320 words
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  • OVERSEAS
    • Article
      Carter beefs up import quotas to stem inflation
      407 3 PRESIDENT Carter, announcing a new inflationfighting move. Mid on Thursday that US beef Import quotas will be sased to bong in an extra 200 million pounds (about 90.7 million kg) of imported meat this mr. A White House statement said the action
      407 words
    • Article
      Lock icon Equipment for China
      145 3 AP THE Carter Administration has reversed an earlier decision and approved the sale of US$2.B million (556.4 million) worth of military-related equipment to China, official sources said on Thursday night. The sources, who asked not to be named, said the United States decided on Wednesday to permit
      AP  -  145 words
    • Article, Illustration
      Lock icon Unwavering stand on the budget
      210 3 Reuter President Carter (above) said he will hold the line on the budget and criticised congressional proposals which he warned would increase the budget deficit. In announcing increased quotas for imported beef as an anti-inflationary move, Mr. Carter ashed Congress to Join him in an
      Reuter  -  210 words
    • Article
      Lock icon American M1 surge sparks uncertainty
      588 3 Reuter U$ NARROWLY-defined money supply, M 1, rose sharply again in the statement week ended May 31, rising by U584.2 billion (8*9.66 billion) to a seasonally-adjusted $349.6 billion. The Increase raised the four-week Ml average to $346.9 billion from $346.3 billion a week earlier, with
      Reuter  -  588 words
    • WORLD IN BRIEF
      • Article
        Lock icon UK INFLATION DECREASING
        599 3 Agencies UK domestic Inflation, as measured by large firms' notified price Increases appears to be heading down, according to figures from the Price Commission. The May Index shows an annuallsed rise of 6.8 per cent over the last six months, against 7.2 per cent In April, In
        Agencies  -  599 words
    • Article
      Lock icon SHARP HIKE IN SUGAR DUTIES SOON
      187 3 AFP THE United State* will probably soon Increase sharply taxes on imported raw and refined sugar, trade sources said In New York on Thursday. The rise in duties would compensate for the stepping up of aid to American sugar producers. In BARBADOS, a Luxembourg
      AFP  -  187 words
    • Article
      Banks to divert lending
      746 3 SOME UK banks may bare to divert lending from consumer. personaTproperty or purely financial borrower following Thursday's announcement of reactivation of the supplementary special deposit scheme, a bank of England spokesman. said. He noted that the bank sakl on April 11, when the last UK budget
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  • Page 3 Advertisements
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      1250 3 Jardines 1977 Profits Ssls9 million Extracts from the 1977 Statement to Stockholders by Mr D.K. Newbigging, Chairman and Senior Managing Director, Jardine, Matheson A Co., Ltd. The Annual General Meeting was held on Bth June, 1978. Improved Results Jardines' consolidated net earnings for the year ended 31st December, 1977 after
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      542 4 THE Singapore rubber market opened 1.90 cents higher yesterday, following Thursday's afterhour firmness and rose further on nervous short-covering, speculative buying and some trade demand. i Dealers attributed the rise to speculation on progress In U8 commodity stockpiling plans, following a House Appropriations Committee report showing
      542 words
    • Article
      RAS PRICES
      298 4 R.A.S. price* In cent* per kilo yesterday: Noon (per kilo) ClOM (per kilo) Buyera Int. 1 R.8.8. prompt f.o.b. 277.75 Int. 1 R.8.8. July 228.2S Int. 1 R.8.8. August 228.75 Int. 2 R.8.8. 218.00 UK/Cont. 211.00 Int. 3 R.8.8. 216.00 UK/Cont. 215.00 Int. 4 R.8.8. 213.00 UK/Cont. 212.00
      298 words
    • Article
      SSR AND SMR
      88 4 NOON SSR and SMR price* yesterday: HAS Jaiy (Comal Mth) Buyers Mlm (ceatt par kg) Au|W (Forward Mtfc) Buyer* Mhn (eeataperkg) SSR 20 SSR SO (1-ton Pallet) (1-ton Pallet) 212.00 210.00 214.00N 212.00N 213.00 211.00 219.00N 213.00N M.K.K.L.B. SMRSCV SMR SL SMRS SMR 10 SMR 20 SMR
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    • Article
      Palm oil
      85 4 C.I.r. North European port*, in US dollar* per ton unless otherwise LONDON: r,.. Uwn Malayaian b% ttm bulk per tonne Aug •00 sir •10 sir Sumatra 5% t fa bulk June 882.50 pd 715 sir Jiy •52.S0/680 pds •70 sir August <06 pd •17.90 sir Sept«mt*r SOOslr SOS
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    • Article
      Closing prices
      24 4 SrsT' (u» 4.71 OMU) MAlayria: My 2SS.M Mite (ay &.2S ee»U) Tta: MSl.ltS (ap m> Official arte: SSI tanas (dewa a tanM)
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    • Article
      Cocoa
      202 4 COCOA futures on Thursday afternoon In London, closed barely steady, with prices mostly £10.50 to £22.50 per tonne lower although nearby July was only £4 down. Trie market had opened generally unchanged. But prices eased during the rest of the morning, aided by some hedging of purchases made from
      202 words
    • Article
      Produce exchange
      350 4 TRADING on the Singapore produce market was relatively quiet yesterday. Pepper prices firmed a further *2.50 despite the slack In activity. Trading was confined mainly to book squaring accounts and fulfilling commitments made earlier. The copra market also saw little trading. Prices eased In overseas markets. The Philippines
      350 words
    • Article
      Sugar
      210 4 SUOAR futures on Thursday afternoon closed officially barely steady, mostly £0.20 higher to £0.25 lower. Turnover totalled 2,901 lots including 116 options and 766 traded on the kerb. The terminal opened In line with expectations, £0.20 to £0.80 above Wednesday afternoon's close. The gains were extended slightly during the
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    • Article
      Hongkong comex
      186 4 THE SUGAR futures market closed little changed from the previous closing yesterday, with five lots traded against 19 on Thursday. y The market had opened slightly firmer, but local selling towards the close, caused prices to drift lower. The Hongkong dally spot price rose UBO.lO to 7.45 cents,
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    • Article
      SPOT PRICES
      157 4 YARN and cotton in Hongkong dollar*, not ex-fodown Cattea Vara: China Bin* Pboanlx 20 i I.TIS. 33 3.180. 40** 61.00, (per bate of 400 Iba). Pteee (Mi: China Butterfly and Oloba Brand unq. Dragon Haad unq. Fir* Lamb* unq, raw and Buttarfbr unq. Flying Oeaae unq. (par ptaca
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    • Article
      Coffee
      288 4 ROBUBTA futures yesterday morning held earoer pons and dosed the morning steady £71 to £49 up In London. Near July gained £71 at a mid-price of £1,990, having traded within a high/ low range of £1,900 to £1,990 during the session. The market traded within a narrow range with
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    • Article
      Rice
      194 4 BANGKOK rice prices were Suoted as follows yesteray: (US dollar* per tonne FOB baalt Bangkok): Wal<a Blee: 160 pet 1 *t daa* 442.100 pet 2 nd claa* 427. 100 pet 3 rd claa* 422. 5 pet 413.10 pet 400.15 pet 303. 30 pet 307, 35 pet 377 35 pet
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    • Article
      Soybean
      99 4 SOYBEAN futures closed one to 6-1/2 cents a bushel higher on Thursday after trading to either side of Wednesday's close in 10-to 15-cent ranges in Chicago. The market fluctuated in early dealings, losing Initial firmness on local buying when the market was pressed lower by commission house selling Influenced
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    • Article
      Wheat
      91 4 WHEAT futures finished 1/4 to 1-1/2 cent a bushel lower on Thursday after having lost several cents in early trading in Chicago. Price movements held to a five-cent range, mostly below Wednesday's close, in the light dealings. Commission house selling sent prices lower at the opening before commercial buying
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    • Article
      Overseas markets support rise
      435 4 NEW heights were recorded as the bull trend progressed further to touch a four-year peak for current RSB One, with prices up some eight cents overall. Overseas markets, Initially hesitant and easier at the start, subsequently came in to fully support the rise, said Holiday, Cutler,
      435 words
    • Article
      Straits tin
      242 4 THE STRAITS tin price to Penang yesterday roes M 929 to 91,700 per picul on an official offering down 62 tonnes to 901 tonnes. Dealers attributed the recovery to a technical reaction to Thursday's decline with some active buying particularly from US, Japan and local dealers. In LONDON
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    • Article
      Copper
      326 4 COPPER wire bars yesterday morning finished the morning with all round losses of £1 per tonne in London. The early pre-market found modest short-cover-ing up to £775 for three months based on expectations of a further moderate fall In stocks this week, dealers said. But profit-taking and liquidation soon
      326 words
    • Article
      Zinc
      64 4 ZINC lost £8 all round in London yesterday morning. Values declined under general liquidation prompted by news that National Zinc has rescinded its two-cent a lb price rise and rolled the price back to U829.00 cents. The lower levels attracted short-covering interest around £327 for three months in the
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    • Article
      Lead
      57 4 LEAD fell by £8 for cash and £5.5 for three months in London yesterday morning. It gave ground under liquidation following the continued decline in zinc although shortcoverlng developed In the ring arouna £318 for three months and losses were partly recouped. Sales were 1,850 tonnes. Stocks are expected
      57 words
    • Article
      Gold
      496 4 THK KILOBAH lp Singapore yesterday opened at 8$ 13.727, and closed at 813,726. The high and low for the fey was 813,768 and 813,807 respectively. Spot gold for London delivery opened at U*****.00/ 30, and eased to a low of 8161.80/ 182.10. Subsequently, shortcovering ahead of today's Hongkong holiday
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    • Article
      Silver
      163 4 SILVER on the LME fell by 3.5 to 3.2 pence per troy ounce on Thursday afternoon. A slight turnround in US futures and easier gold prompted liquidation after lunch down to 298 pence for three months In the ring and to 297.5 pence on the kerb. Prices were lower
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        516 4 OVERNIGHT rates In the local money interbank market eased yesterday. From the day's opening level of 4 H per cent, overnight funds were gradually traded down to close at the day's low of 3 per cent. The bulk or trading for overnight money was done at 4 per
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      • Article
        New York
        142 4 THE DOLLAR closed somewhat higher from opening levels after a day of erratic, fairly active trading on Thursday. The TJB unit fluctuated fairly widely as It sought to establish a trading level in the absence or major developments. The dollar firmed slightly In late trading on news of
        142 words
      • Article
        Treasury bill tender
        46 4 RESULTS of tender held on June 9 for 91-day and 364-day Mile: •i-evHOsto m-darMUi batMMdfrm to b* tauad June IS to 10 or.JuiMia ofc* tmjmjm m.m.m mom,ho wt.ooo.ooo MO,*00,000 130.000.000 MOJO Wj» SIS? feMitoluB SPSSS tad* tn full > ll—i l—i in a.iMHpa 1.97**
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      • Article
        Asian $ and CD rates
        154 4 Asian and CD rates ASIAN currency depoaU interbank rate* as at cloee on June 9. UJD^g., .73/4 75/8 ...7 7/8 73/4 .11/16 715/16 .83/16 81/16 .85/8 81/2 ...83/4 65/8 .8 7 7/8 8w. Fr». (■Udbp Dm. rioM) ...11/16 33/4 .19/16 37/16 .15/8 39/16 .115/16 33/4 Im. C (■Mdtep ExLC rim)
        154 words
      • Article
        Discount
        8 4 nji mijim Source: National Discount Co. Ltd.
        8 words
      • Article
        MLR
        21 4 THE average rate atj which Singapore banks, are currently prepared to* lend to their beg/ customers is 7 per cent*-.
        21 words
      • Article
        London
        131 4 STERLING firmed against the dollar yesterday, and on a trade-weighted Index basis, underpinned by Thursday's monetary package curbing credit In Forward sterling discounts narrowed from Thursday's levels as operators took profits after the package. The dollar traded firmer, partly reflecting House of Representatives 7 passage of loan guarantees for
        131 words
      • Article
        Tokyo
        115 4 THE US dollar for overnight delivery closed at 220.93 yen yesterday, slightly down from a 221.00 opena, but little changed from .90 at Thursday's close. Trading was light, with volume US$l35 million. The dollar moved fractionally between 220.80 and 221.00 In llsfrt late grading, after lnlttaTeasiness. Japanese banks bought
        115 words
      • Article
        Hongkong
        108 4 THE US dollar closed slightly weaker compared with New York's dosing levels In very quiet trading yesterday, with the market waiting for a clear trend to develop in Europe. The US dollar closed at 2.0680/ 900 marks from New York's 2.0900/20 does and at 210.85/96 yen compared with New
        108 words
      • Article
        Zurich
        40 4 ZURICH quotes on June us issa/ ssu UK 2.4545/ 4077 W«t Oma OSJSIO/ SMS fwoii u.ww sea SSOMMMVSUI MmrMeNTtn* SvoSM 40.0808/ 8804 rt.ij o 21*. 2208 Mn 12 *380/*487 rnifil 4.14tT/ ISSO Spain 2.1730/ MM AdMMOJMS Japan 0.0072/ OSS)
        40 words
      • Article
        Australia/NZ
        37 4 AUSTRALIA/NZ exchangee quoted on June 9. AUSTKALIA: OS SoSar 1.1204/ 1.1200 Tw 0u£(lI.OSOO/O.SITt SfeaLi i.mos nnMHOuknw«ki|laini<' OSSo&n I.IST 1 NSW ZEALAND: SMrtM 0.057&* JS44 OS Sofcr t SOSI 'I JSSI M Bttnuw QbrnM US dontr IJM
        37 words
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      Page 4 Advertisements Column 1
      87 4 in PAN Paperback 5" THE HONOURABLE SCHOOL- ft HIS LATEST #1 WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME .1 :11. t r if .r i! 'u en iniri-.ru ~IT♦ r I' l HI !sIIKK> Whh ki v fin it- i irr I r t
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  • TRANSPORT
    • Article, Illustration
      Pole vault through fleet modernisation
      827 5  -  CHAN BONG SOO TAKING advantage of the shipbuilding slump, three of Poland's major ship opera Ears, among others, are now modernising their fleets. "The country'! bulk shipping company, Polish SteamShip Company (PSC), recently ordered 22 ships tnm Britain for delivery at Md-1070. Seven of these
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    • Article
      Extra plane for Guam route?
      225 5 RAH American World Airways hopes to free a Boeing TOT- currently operating on another route to help relieve a serious passenger bottleneck between Ouam and Honolulu. -•Senator Flank Bias called PViiAm officials In Honolulu on Thursdays to ask for the additional service after Guam's legislature
      225 words
    • Article
      Lock icon SPAIN-CHINA AIR PACT
      90 5 AFP AN AGREEMENT on civil aviation transport between China and Spain was Initialled in Peking yesterday. This stemmed from a series of talks since Tuesday between Mr. Wang Naltlen, a senior official of the General Administration of Civil Aviation of China (CAAC) and a Spanish government delegation
      AFP  -  90 words
    • Article, Illustration
      SHIPS IN PORT
      386 5 EXPECTED ARRIVALS TODAY w KEPPEL WHARVES r..Aykhal (1100 after Maritime Shoun) 15/16 Eugenlusz Kwlatkowskl (1800 after Car Liner No. 2) 8/9 Frot&santos (0600) 46 Golden Eagle (0600 after Talko Mara) 23 Makeverett (after Hoegh Orchid) 31/32 Rauma (after Centaur) 13/14 Tutong (1400 after Pamela) 22 Bhaktl (2300
      386 words
    • Article
      SEALION AND ITS SHARE
      152 5 SEALION Shipping was reported In Thursday's Issue of Business Times as handling barges for registration under the Singapore flag. It does not handle barges but small coastal vessels from about 300 tons In size. Most vessels handled by Seallon, however, are cargo vessels of about 15,000
      152 words
    • Article
      Lock icon Narita doubles up as hotel
      124 5 AFP RISING charges at hotels near Narita airport and transport problems are driving more Incoming foreign passengers to stay overnight at the airport lobby.. Although staying at the terminal building is not allowed, about 20 foreigners sleep on sofas at the building's fourth-floor lobby every
      AFP  -  124 words
    • Article
      Lock icon Nasa's new toy
      145 5 NYT A SUPERSONIC aircraft has been Invented for the National Aeronautics and Space Administration at the Langley Research Centre In Hampton, Virginia. It may serve either as a fighter or a transport. A patent has been granted to Paul Coe Jr., an aerospace technologist. The aircraft has
      NYT  -  145 words
    • Article
      More data on freight hikes will soothe shippers
      563 5 INSUFFICIENT information available to shippers on freight rate Increases has prevented fuller cooperation between shippers and shipowners, according to a report circulated at a two-day meeting of chief executives of national shippers organisations held In Bangkok. The meeting, which ended on Thursday
      563 words
    • Article
      Lock icon FBI swoops on shipping executives
      256 5 UPI AMERICAN Federal Bureau of Investigation agents arrested 18 persons, Including union officials and shipping company executives, named In a 70count Federal indictment which charged that payoffs were made for waterfront protection In US ports along the Atlantic and Gulf coast. The arrests, which included
      UPI  -  256 words
    • Article
      Lock icon LONDON FREIGHT
      189 5 UPI CHINESE charterers maintained a strong time charter Interest In the Western hemisphere where they sought to cover grain, fertilisers, sulphur and sugar Imports. A 21,000 tonner received US$6,OOO (8114,000) a day for a June trip from the East Coast of Mexico to China. In the Black Sea.
      UPI  -  189 words
    • Article
      Ecuador deals
      70 5 DRAMMEN BUp and Verfc--Bted recently entered into a contract with a shipping company, Flou Bananera Ecuatoriane of Ecuador to build two refrigerator ships for <86 million (81n dob). One of the ships la to be built in Drammen and the other in Haufesund. The contract will ensure that
      70 words
    • Article
      Lock icon MAN and Wolff
      56 5 AFP THE Harland and Wolff shipyards in Northern Ireland are on the point of concluding an agreement to form a Joint subsidiary with MAN, the West German marine-engine builder at Augusburg, the London Financial Times has reported. The contract Involves manufacture of a new type of medium-speed
      AFP  -  56 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      755 5 ARRIVALS SarriM Local Ofan CAL TMA MAS MAS SIA MAS MAS MAS CPA CAL RBA OIA THAI SIA SIA MAS OIA OIA PAL OIA SIA SIA KLM SIA MAS MAS SIA SIA OIA CPA SIA OIA MAS SIA SIA MAS PAA SIA MAS SIA OIA SIA SIA
      755 words
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Page thumbnail Page 6
  • Article
    Exporters to Japan will not wait forever
    316 6 THE NEWS that Japan's economy Is positively thriving despite the yen's sharp appreciation may not gladden the hearts of all who hear it. There will be many disgruntled exporters abroad who will seize on this fact as Just another prime example of Japanese
    316 words
  • Article
    Resilient
    237 6 It is interesting to note that demand abroad for Japan's exports has been relatively Inelastic and that many Japanese companies are actually able to raise their prices to offset potential losses caused by the yen's appreciation. It Is likely that the yen's appreciation has increased costs In Japan to
    237 words
  • Article, Illustration
    Lock icon It's a taxing business remembering a name...
    1294 6  -  TPS still tax-tin* for most of as, not least for the American taxpayer. Bat daat forgot to note down carefaHy exactly who those six gays yon took oat for that 811,000 dinner wera, for heaven's sake. Bat here's a new idea from the
    NYT  -  1,294 words
  • Article, Illustration
    Spring gets a jog this year
    887 6  -  LETTER FROM AMERICA by John Tan AS IF ALL the people In New York had taken a vote to abandon their mostly old and unsightly dwellings and offices, millions of people are taking to the streets every day, causing pedestrian traffic chaos. Executives, clerks,
    887 words
  • Article
    THE WHITE-COLLAR CROOKS CRY OF SHAME
    687 6  -  if TOM GOLDSTEIN A YEAH ago, they were respectable men, middle managers, professionals, owners of small buslneeses, sernlng U8990.000 (8009,000). U8040.000 or Now ttaWIN men without names. They feel a deep shame, and as they stuns prison chapel at Rites Island, US, they look
    687 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      189 6 I No dinner is complete withoutaWhite Label' ■MtCm Ll7V< ><S: Delicious food at its most glorious awaits yuu at mm® J Jutntirlrrr Havelock Road S'pora 3. Tel: *****1 wn bar presents TotoSHtsKlAs The Jackson 5 of Manila Don't miss the exciting sounds of Toto L His Kids. This band of
      189 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 OUTLOOK for Singapore from 6a.m. to noon today: Isolated showers around midday. Report for 24 hour* prior to 7.30 p.m. on Juno 9 at the airport. Maximum Temperature 31.6° C Associated Humidity 66. Minimum Temperature 23.4° C Associated Humidity 96. Hours of Sunshine 5.30. Rainfall in Millimetres 9.0 Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      297 6 SINGAPORE 5 12.50 PM Opening followed by Sesame Street* 1.55 Saturday Matinee The First Travelling Saleslady. Starring: Ginger Rogers, Barry Nelson, Carol Channing, James Arness 3.25 English F.A. Cup Final Arsenal vs. Ipswich (Repeat)* 4.55 Sandiwara, a Malay drama entitled Sayang Sayang Menantu 5.40 Little House on the Prairie Times
      297 words
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  • Article, Illustration
    Rattan and cane industry in rickety state
    1083 7  -  •y CHAN BONG SOO IT LOOKS as though the Government may soon allot a 4.8 hectare site In Sungel Kadut, off Woodlands Road, to the rattan and cane industry. This follows a recent approach to the Government by a faction of the Industry,
    1,083 words
  • Article, Illustration
    Lock icon THE FISHERMAN WHO TURNS TOWKAY
    638 7 Borneo Bulletin ENCIK Sarjit bin Mahmud, of Kampung Buntal, First Division, Sarawak had been a fisherman all his working life. He knew nothing about commerce. What he knew was that whatever he caught must be sold at a fixed price to the Chinese towkay who
    Borneo Bulletin  -  638 words
  • Article, Illustration
    STRAWS IN THE WIND
    457 7 THE Siagapora Forum Hotel staff an getting some ckm •xtrt aIIMM oat of tko Toarist Board'* "Courtesy is Oar Way at Lite" --rif slogaa. Tkey otoa aoro ismiThsthisllj aai e«fltatb state "I Amt Cmmtmm", m oftl2rCpsl badgs. FRANCE'S leading nonsmoker, Denis Valet, has successfully sued French
    457 words
  • Article
    Corporations a threat to democracy?
    820 7  -  [FORUM, r ...on business 4 ir LEONARD SILK Leonard Silk it a financial commentator for the New York Timet. HOW MUCH power does the corporation have? Par too much, says Professor Charles E. Llndblom of Yale, author of "Politics and Markets," In which he worries
    820 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      294 7 a TODAY Lunch at OKC m A m f W p* X. 3i i 3 branches tor your convenience: SINGAPORE OKOH '.upreme House, Penang Road. Tel *****1 OKOH OF GINZA Honq Leong B'dg Raffles Quay. Tel 221 7781 KATSURA Orchid Inn, Dunearn Rd Tei *****2 It's the toast ot the
      294 words
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      Page 7 Advertisements Column 2
      79 7 ORCHID INN 214 Dunearn Road, Singapore I Tel: *****2 ORCHARD HOTEL 2 Orange Grove Road, Singapore 10 Tel: *****1 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove
      79 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Heavy turnover
      495 8 TOKYO Source: DBS-Daiwa THE market yesterday opened higher centring on electrical component makers, pharmaceuticals and auto parts, reflecting Thursday's bullishness. Turnover was relatively heavy, since the major securities bouses bought largecapital stocks such as steel and large heavy electrical issues. Gainers were medium-Used, non-margin issues such as Toyo
      Source: DBS-Daiwa  -  495 words
    • Article
      Sydney
      432 8 THE market rose yesterday, with Western Mining and Central and Southern Pacific leading mining and speculatlves, dealers said. Western Victoria's copper find led to its activity and the shares gained 11 cents to a new year nigh of 91.55, while the oil shale duo rose after annual meetings were
      432 words
    • Article
      Manila
      118 8 THE market yesterday closed mixed with commercials gaining while minings and oils declined, dealers said. Turnover fell to 5.34 million pesos from Thursday's 6.53 million. JUNE 0* Peso* Acoje Mining .0108 unch Atlas Con. A Atlas Con. B 18 70 +■0.1 Bagulo Gold .0064 unch Benguet Con. B BF
      118 words
    • Article
      MAINLY FIRMER
      485 8 //''/'/•/■i.Y M. i /VA7-.7N EUROPEAN bourse* closed mainly firmer on Thursday. In FRANKFURT, share prices vere generally firmer, dealers said. In autos, BMW gained 4.80 marks and VW 1.11, while In electricals ACQ was tain firm, adding 0.80, and bankings were ted higher by Commerxbank, which gained 1.30.
      485 words
    • Article
      Amsterdam
      193 8 JUNE FU A8N 358.00 ♦3 Ahold 108 00 +0.3 Akzo 31.80 +0.3 AMEV 87 50 -0.2 Am fas 113.80 unch Amrot Bank 74.SO +0.2 54.00 +2.5 Berk 88.80 -0.2 Boll 75.J0K 1-1.3 BorsumlJ 183.80 -0.2 Burhmann 73.50 +1 Byenkorf 82 00 I Calve Delft 160 OOxd-9 DellUlJ 132.80 +1.8
      193 words
    • Article
      Paris
      254 8 JUNE Pr» CO KB PI J .K Air-Liquid* BSNOervaU Danone C 8 F (ThomaonC»f) Cte Prancaiae de» Petrotea Compagnie Plnanctere Compafnle Generale Credit Ponder DaPranee Hachette (Llbralrte) 301.10 574 233.80 134.10 371 353 214 -0.0 ♦4 -4.2 -1.1 -3 -T •1 Machine*Bull Mlchelln (B) Partba* Pechlney Clflne Kuhlmann Peugeot-Citroen-..
      254 words
    • Article
      Jo'burg
      374 8 QOLD shares were steady at the day's higher levels In fairly light trading on Thursday. The gold board was buoyant after Anglo Vaal and Oenmln group dividends while underpinned by the firmer bullion market. Buffets roee 70 cents to IMP, and Vaal Reefs gained 50 to Mining flnandals were
      374 words
    • Article
      Canon's Swiss bond
      98 8 f RONDS<v LOANS L A TOKYO: Canon Inc said It will float a 100 million Swiss franc, 5.375 per cent, fiveyear convertible bond at par through private placement in Switzerland. A contract was signed In Basle with a syndicate of underwriters managed by Swiss Banking Corp and
      98 words
    • Article
      Lock icon German banks
      41 8 Reuter LEADING German meeting in Frankfurt this week have decided on four mark foreign loan Luues up to July 12, central capital market subcommittee sources said. This marks the end of the ft* Pfu* announced on April 12. Reuter.
      Reuter  -  41 words
    • Article
      Milan
      93 8 JVNtt Lire Anlc tn 4-1.5 AaaocOcn BMtO0 ***** ♦50 464 -3 Centimie 3685 30 n*t 1828 +9 Flnatdcr 86 3 25 Oenlmmoto 73 SO ;y IF1PT1 21*1 ItAleemenU ItAlfM 1(210 135 999 +3 IUUMer 184 4-6 MacnetlMPf 480 28 4-5.15 MArelliErc ***** -2.29 Madlob ***** -10 Mlr&l&nza ***** -^0
      93 words
    • Article
      Frankfurt
      193 8 JUNK m Dm Aef-Telefunken as.ao +01 Akao 29 50B +0 3 AllzLrben Alls Vert 474 unch BASF 140 40 +0.3 Bay H T Wbank zn so 1.5 Bay Vbank 310B Bayer 140 10 BBC 290.50 1.3 BMW 243 +4.5 CaawLla 353 +4 Chem Verw 242B Commerxbank 220 80 1.S
      193 words
    • Article
      Lock icon Ricoh
      63 8 Reuter RIOOH Co Ltd of Japan Is preparing a 70 million mark convertible bond Issue but no terms have yet been set, Frankfurt bond market sources said. The bond will be floated to «*riy July along with a million mark straight issue announced after Wednesday's central capital market subcommittee
      Reuter  -  63 words
    • Article
      Asics Corp
      73 8 OSAKA: Asics Corp said It will float a UBSIS miiH™ convertible Eurobond neat month through an underJJrtttnf syndicate led by Credit Bulsse White Weld and Tamalchl International Europe. The contract will be signed on June 20. Terms have yet to be fixed but securities sources said the Issue
      73 words
    • Article
      Brussels
      92 8 JUNE m FORWARD MARE XT Acec 280 1 Arbed 24«0 +90 Astur •15 -ft Braacan «1 •2 Bru-Lamb 1500 Can pat 55® 2 Cock 4«8 10 DeBeen 170 +1 Ebea 2265 *5 EJectrobel 9490 ♦90 Ob-Inno-Bm 2030 -15 Oty 1300 unch Hobok 2310 80 Petro 3906 •10 Ryl Dutch
      92 words
    • Article
      Zurich
      158 8 JUNK Franca Actions Buiaaei Aluauiaie Br Alusulaae Reg Brown Bovert Br. 383 1280 513 1635 1US unch •M -1 -10 CibaOeitjrPC ClbaOelfyRef Credit Sum* Br Credit Bullae Ref DektrowatlBr Oeorge Fischer Br Olotoua Pc 840 M3 2185 407 1730 •78 M0 -6 -4 >10 •1 •M 10 -IS Hero
      158 words
    • Article
      Akzo NV
      53 8 ZURICH: Akao NV will redeem Its 60 million franc, 6.75 per cent Swiss bond Issue due 1985 early at 101 per cent on Sept 15, the Stock Exchange said. Akao has already announced premature repayment of Its 50 mllhon franc, 5.5 per cent Issue due 1962 at par
      53 words
    • Article
      ICI Finance
      62 8 LONDON: The ICI Finance (Netherlands) 100 million Swiss franc bond issue will be underwritten by a Swiss banking syndicate led by Union Bank of Swltaertand, imperial Chemical Industries Ltd said. The Issue, guaranteed by the parent company, win haw a coupon of 4.20 psr" cent and a maximum
      62 words
    • Article
      Lock icon Hongkong
      398 8 Source: SHK THE market yesterday advanced 11 points In the morning on turnover of 9123 million as local Investors poured their liquid funds Into the market along with heavy European buyfirst line property shares showed the most dramatic moves In heavy trade as Cheung Kong soared 10 per cent
      Source: SHK  -  398 words
    • Article
      Toronto
      289 8 SHARE prices dosed higher on Thursday, In the busiest trading in more than a month. The composite Index was up over two points and gams outpaced losses 347 to M. The oil and gas Index, spurred, by news of a discovery In the Weet Pembina area of Alberta, lumped
      289 words
    • Article
      Lock icon SEC to meet on options moratorium next week
      112 8 Reuter WASHINGTON: The Securities and Exchange Commission is scheduled to meet on Tuesday In closed talks to rule cm whether to formalise the options freese by passing a temporary rule, agency sources said. Currently, the agency has a policy position against new
      Reuter  -  112 words
    • Article
      Broad advance
      1151 8 NEW YORK STOCKS seond a broad advance in active trading on Thursday despite boom latt vwtoM as investors cast a waiy eye on the Fed In advance of Its weekly report on the US money supply. Analysts said the market was worried mat its good tuek on the
      1,151 words
    • Article
      Selected indices
      66 8 FINANCIAL TIMES Wednesday ...112* to U2*» INDUSTRIALS H.K. HANG SENG 2 Thursday 469 3 517 04 Wednesday 474.9 505 28 Week Ago 478.2 WmiIt Aon 470 as DOW JONES AVERAGE SYDNEY INDUSTRIALS INDUSTRIALS Friday Thursday 862.06 42S 07 Wednesday 861.92 Week Ago 425.92 Week Ago 840.70 ALL OR
      66 words
    • Article
      CHICAGO BOARD OPTIONS
      1525 8 June 8 VOLUME on the Chicago Board Options Exchange rose to 154,328 contracts on. Thursday from Wednesday's 127,452. 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
      1,525 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      110 8 PIRPIP ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles? If not then ACT
      110 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Good show by power firms
      384 9 r ASIAN k RESPITE a slump to power consumption reflecting aUigglsh Industrial activity, <*•£&? a nine major electric utilities put up favourable wuronas performances in Ttoe half year to March. Exchange gains due to yen appreciation, totalled J2.24 billion yen (8*747.5 million). Four companies to
      384 words
    • Article
      Lock icon SONY BUYS REST OF FRENCH STAKE
      131 9 Reuter SONY Corp of Japan has bought the 49.9 per cent stake It did not already own In Sony-France from Ste la Mure, part of the Suez groups, industry sources said. No financial details were available but Sony-France had 1977 sales of around 170
      Reuter  -  131 words
    • Article
      Lock icon CRA welcomes modifications to guidelines
      267 9 Reuter CONZINC Rlotlnto of Australia Ltd (CRA) has welcomed the modifications to Australian Investment guidelines announced by Treasurer John Howard In Canberra this week. Sources close to the company from Melbourne said the changes provide the Incentive for CRA to fulfil Its previously stated aim
      Reuter  -  267 words
    • Article
      Lock icon Shakeup for Ford management
      346 9 r N.AMERICAN AP FORD Motor Co has announced a management shakeup that apparently olears the way for William Clay Ford to succeed his Henry Ford n, as ■chairman of the board when Henry retires in 1982. Mr. William Clay Ford, 32, replaces Mr. Henry Ford immediately
      AP  -  346 words
    • Article
      Lock icon Beatrice sees better results
      177 9 Reuter BEATRICE Foods expects to report higher earnings for the first quarter ended May 31. Company chairman Wallace Rasmussen told the annual meeting that although final results are not available, preliminary indications are that earnings per share will be up 8 to 10 per cent from
      Reuter  -  177 words
    • Article
      Fluor expects higher earnings
      149 9 FLUOR Corp said it still expects earnings In the year ending Oct 31 to surpass the US$474B a share in 1977, despite a drop in its second quarter net. The company said a surge of new orders In the second quarter increased the company's backlog to
      149 words
    • Article
      Lock icon ITT DEBENTURES
      80 9 Reuter ITT Financial Corp has filed a proposed public offering of US$l25 million of senior debentures with the Securities and Exchange Commission. The offering is expected to be made at the end of the month, underwriters said. Holders may elect to have the debentures mature June 15, 1987,
      Reuter  -  80 words
    • Article
      Lock icon Ashland may sell part of operations
      146 9 Ranter ASHLAND Oil Inc does not expect to recover the profit shortfall of the first of the current year and may sell some operations to improve profitability, company chairman Orin Atkins told investors. -For the first six "wtfc* ended March 31, Ashland earned US$l.75
      Ranter  -  146 words
    • Article
      Lock icon Marathon strikes gas
      54 9 Reuter MARATHON Oil Co said recent drilling on High Island block A-668 in the Oulf of Mexico about 175 km southeast of Qalveston, found natural gas. It said multiple pay cones were encountered at depths ranging from 1,200 to 2,500 metres. Marathon, as operator, has a 25
      Reuter  -  54 words
    • Article
      Lock icon Third plant in Nigeria for Nissan
      135 9 AFP A THIRD car assembly Slant is to be built In centra] lgerla by the Japaneseowned Nissan firm. Work on the plant, to be sited in florin, capital of Kwara State, is to start by the end of the year. Federal Industry Commissioner (Minister)
      AFP  -  135 words
    • Article
      Lock icon HAKODATE LOSS MAY CONTINUE
      297 9 Reuter HAKODATE Dock Co Ltd expects to have a net loss of nine billion yen cm sales of 41 billion for Its business year ending next March after reporting a net loss of 13.75 blffion on sale* of billion last year. A spokesman said that the
      Reuter  -  297 words
    • Article
      Lock icon Fight to salvage Sasebo hopeful
      207 9 Reuter JAPANESE Chamber of Commerce and Industry president Shlgeo Nagano said efforts to overcome Sasebo Heavy Industries' financial difficulties are nearing successful conclusion. He made the statement at a press conference after he and Hlsao Tsubouchl, E resident of Sasebo's lggest shareholder, Kurushlma Dock Co
      Reuter  -  207 words
    • Article
      Lock icon Hitachi wins US deal
      75 9 UPI HITACHI zosen has announced that the US Environmental Protection Agency (EPA) has placed an order with the Japanese company for a gas denltriflcatlon plant. The Hitachi process is designed to remove nitrogen oxiaes irom coal that will replace oil and gas as the primary enerey
      UPI  -  75 words
    • Article
      OK Bazaars makes good recovery
      299 9 r S.AFRICA i d A STRONG second half, which Included an exceptionally good Christmas season, has enabled OK Bazaars to match last year's profits for the financial year ended March. At the half-way stage, profits were 21 per cent lower, but this deficit was made
      299 words
    • Article
      Lock icon AAC pre-tax profit jumps
      224 9 Reuter THE Anglo American Corp of South Africa Ltd has announced a pre-tax profit 255.68 million rand in the 15 months ended March 31 (93.87 million In 1975). Earnings per share: 89.9 cents on increased capital, (55.3 on old capital). Final dividend: 25 cents on increased
      Reuter  -  224 words
    • Article
      Production restarts at Rossing
      91 9 JOHANNESBURG: The Rosslng Uranium Ltd Mine In Namibia has restarted one solvent extraction plant following a fire, achieving K auction at a reduced 1, a company spokesman said. He said It Is hoped operations can be continued on <thls basis pending repairs to the other plant.
      91 words
    • Article
      Lock icon Guardian reports a poor start
      145 9 Reuter GUARDIAN Royal Exehaage Assuraaee Ltd Hwifis John Collin* said the first atalhi ef the current yeor did not produce satisfactory results, particularly in Britala. This was due to the affect ef the firemen'. strike in Britain as weather-related Isssas in a had winter, Mr
      Reuter  -  145 words
    • Article
      Lock icon GUTHRIE CORP
      91 9 Reuter LONDON: Outhrle Corp Ltd has announced a group pretax profit of £19.68 million (£13.27 million) In 1877. Sales: £282.88 million (£289.87 million). Earnings per share before extraordinary items and restatement of exchange difference 31.9p (13.5p) and 30.3p (11.6p) after. Pre-tax profit is after interest Of £9.63 million
      Reuter  -  91 words
    • Article
      Lock icon Shutdown by Barclays
      67 9 AFP BARCLAYS, one of Britain's main banks, will close 130 of Its 3.000 branches in the UK over the next 12 years. About 80 of the branches are expected to be closed in two to three years' time. Simultaneously the bank will boost staff dealing in company
      AFP  -  67 words
    • Article
      Lock icon BP confident of settling Forties loan by autumn
      672 9 f EUROPEAN Reuter BRITISH Petroleum said It expects borrowings of £360 million for the Forties North Sea oil field to be repaid by autumn against the due date of 1982. Mr. Qulnton Morris, director of BP Trading, told reporters visiting the Forties
      Reuter  -  672 words
    • Article
      Lock icon SLIGHT CLIMB FOR CHARTER CONS
      148 9 Reuter LONDON: Charter Consolidated Ltd has announced a pre-tax profit of £43.09 million (£38.73 million) In year ended March 31. Profit attributable to Charter Is £25.44 million (£19.28 million), with earnings per share 24.20p (18.4p). Extraordinary debits of £21.66 million (£9.22 million) are made up
      Reuter  -  148 words
    • Article
      Lock icon Chemical contract
      77 9 AFP THE Jordan Fertilizer Company has reached an agreement with SPI-Batlgnolles under which the French company will build several production units worth In all 90 million dinars (about US$27O million). The French firm will supply the equipment in Jordan and tram technicians to produce phosphoric acid, sulphuric acid
      AFP  -  77 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      95 9 I m a r e next at f!LT^°* Ik\K Thew°* B bas*«** 0 < tSSSi •25.-S--«°d #nd °^I*W« ,ore •.SSS-' ,n ln9,y !2f- w«*-! 13U- e Bur«w 308 p#! 64. -i M3QV Federal Publications iQJtol Mail Order Division I 1 Nnw Industrial Road, Singapore 19 L/I"l Macpharaon Road P.O. Box
      95 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1257 10 BID and otlwr prtcee otfteJalto beted and bustneee tn and reported to tba Stock Badlands of Stnaxpore yeeterday «ttb the number ofinaree traded ebown in brackets in tots ofl.M unttt unless otfcaralas cpoelflod. All Ttm Battlement Contract* art quoted after the world "au." Big Board deal (In Ma
      1,257 words
    • Article
      Government and corporate bonds
      103 10 4 3/4% 18/9/ M (250.000) (1M.458 100.558) I 3/4% 1/13/ M (380,000) W >5.068) IV4/31 (250.0 M) (IM.MB 100.758) TJ v WWU (350,000) (1M.308) 1% T r 1/8/33 (330,000) (1M.458 100.558) (280.000) <100.008 101.068) (100.20B) (100 70B) l/« 1/3/37 (230.000) (1M.70B) •V 4* W™ (280.000) (102.006)
      103 words
    • Article
      Stock options
      119 10 BTRIKINO price* of the atock optloni officially liated on the Stock Exchange of Singapore, the perioda, bid and offer prtcee and bualnena done yeaterdajr. with the number of option* traded ahown In bracket* CeU Storage (Sept 31.70) (0.518 0.068). N (B®Pt 33.10) (1.58B). ?25f E (B *P l
      119 words
  • Article
    SHARE INFORMATION SERVICE
    2439 10 1978 High Low Company Last Sale +OTGr'i Div Div C'vr Gr'» Y'W Net P/E Vol Day COOO) High Low SECTION ONE INDUSTRIALS 189 214 172 225* 83 215 235'/, 210* 442 432 132 Acma 123' Alcom 112 Allied Choc 195* Bata 60 Ben 162 Berjaya Kawat 173*
    2,439 words
  • Article
    Unit trusts
    139 10 8INGAPOB* UNITTBUI rr INCOME BOND UNIT (HaMfm' prtaa kr Am i» (Cwii m ■tees) The Commerce l.M 2.Mm IN CO MX BOND l.M 1.11 The B*vin» rund 1.21 l.M Spore Prot rund on 1.M MABA BUMIPVTRA FUND S poreSecurlty B'pore Invest rund l.M 2.00 rmt Bumlputr* 2.01 2
    139 words
  • Article
    In Kuala Lumpur
    1525 10 BID and offer prices officially listed and business tn and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets tn lots of 1,000 units unless otherwise specified. industrials Aim (I.SOS) CD AJfclMWta (2.US). AIM* (2.008 2.048) (t> 3 06
    1,525 words
  • Article, Illustration
    OCBC group shares in limelight
    689 10 THE Overaea-Ckiaese Banking Corporation group limelight to lead a late recovery on the Sleek Exchange of Singapore yeaterday. Heavy waigkt OCBC ftS'i aUutrighi^ spate of frsaaied buying. The laat deal waa dene at 17.86. Trading waa active, with 166,600 skatee changing kanda. Moat of tkeee
    689 words
  • Article
    Prices higher on KLSE
    740 10 SHARES, spearheaded by a number of blue chips, -> staged a late and fairly well-sustained rally on the [J Kuala Lumpur Stock Ex- change yesterday. The improvement In sen- tlment which generally n boosted prices all round, was attributed by some traders to the strong push
    740 words
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  • COMPANY NEWS
    • Article
      Palm oil price drop hits Chin Teck
      356 11  -  •y LOW LEE CHOO AFTER having chalked up a hefty 54 per cent rise In pretax wmilTMa the previous yew, Chin Teck Plantations ha*- fallen back to more piaeM growth rates. Unaudited pre-tax profits tor the first half-year ended Feb. 28,1978, fell 38
      356 words
    • Article
      COMPANY MEETINGS
      577 11 Ovarsea-Chlnese Banking Corporation Ltd: AOM to be heki at OCBC Centre: Chulla Street, Singapore at 12 ooon on June 10. Negri SemMlan Oil Palms Bhd: AOM to be held at 1208, 12th Floor, Wlsma MPI. Jalan Raja Arulan, Kuala Lumpur, at 11.30 a.m. on June 10. Matsushita Electric
      577 words
    • Article
      DIVIDENDS ANNOUNCED
      779 11 Current payawat Ex Da to Book* CloM Date payable Total for the year Total for previous year NSOP 10% May 15 May 26 Jun 10 22*% 17%% Pan Malayan 5% May 23 May 30 Jun 10 12%% 12%% OCBC 12% May 19 May 28 Jun 10 17%(C) 18%
      779 words
    • Article
      SCRIP ISSUES
      215 11 Company Particulars Ex Date* Books Closs Main TUOMH BaagLeeag Greet Beatara LUb Malayea Flour Straits Tratfag StaHaagChaa PagiMJaytU M'alea Footailla UMHN Hwlm Pl)»n< 8y»tWtie Reeies Bonus Issue of 1 for 3 Bonus Issue of 1 for 3 Rights Issus of X f or 7 @91 .25 per share
      215 words
    • Article
      NBT sells stake in Owens (NZ)
      273 11 NORTH Borneo Timbers (NBT) has sold its entire holding la Owens Group ef New Zealand for a total consideration of 98.88 lailHoß. No profit or lose wae made from the disposal of the investment, since the aatasl received was the original book value. The
      273 words
    • Article
      Tan Chong
      40 11 TAN Chong Motor Hold-' lngs has been queried by the KLSE whether the new shares created by the proposed one-for-three scrip issue, besides not Suallfying for the 1977 dlvlend, win rank pari passu with the existing ordinary shares.
      40 words
    • Article
      Sharp drop but Fujitec is hopeful
      568 11 SIONS of a slowdown are evident at Fujitec Company of Japan, one of the two foreign companies listed oh the Stock Exchange of Singapore under the depository receipt scheme. Pre-tax profits for the half-year ended Mar 31. 1078, took a startling 57.3 per cent
      568 words
    • Article
      SHC back on growth trail
      261 11 AFTER the slight set-back in earnings in 1970 In what has otherwise been an enviable record of continuous growth since Its 1972 listing, Sin Heng Chan appears to have fully recovered In 1977. Group pre-tax profit for the year ended December last rose 14.3 per
      261 words
    • Article
      Kuchai Tin optimistic
      407 11 By PHILEMON SOON WITH tin output expected to increase, Kuchai Tin is optimistic of a much better performance for the current year to Dec. 31, 1978. Production is expected to be higher following the acquisition of an additional dredge which commenced operations at end 1977. Meanwhile pre-tax
      407 words
    • Article
      PDC sale agreement
      104 11 PACIFIC Development Credit (PDC) has been requested by the KLBE to submit duly executed cod: 1 e a each of the agreement for the sale of 15.88 million San Imperial shares, and of the Joint venture agreement entered into with General Oomma (M). The shares arose from
      104 words
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      197 11 I I s. ,r >k s J t 'V; '?<-» 4 '0,/ S 'fr C V,y.. w> < r s world ps VHH r n wThe most compr guide to the The Straits Times Directory of Singaporel97B more poputartyknown»the'BukuMerah r cenlee more than 27,000 entries covering over 1,500 categoriee of
      197 words
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  • Article
    Lock icon Aussies open air fare talks with UK
    172 12 Reuter AUSTRALIAN officials will start negotiations with the British Government in London next week for cheaper air fares between the two countries. Transport Minister Peter Nixon said yesterday the negotiations were part of a wide-ranging review of Australia's International air policies aimed at
    Reuter  -  172 words
  • Article, Illustration
    Lock icon Australia slaps extra tax on certain firms
    680 12 Reuter FOREIGN companies with branch offices In Australia will be taxed an extra 5 per cent on taxable profits in addition to the 48 per cent company tax from this fiscal year ending June 30. Treasurer John Howard who announced this, said there
    Reuter  -  680 words
  • Article
    KL to seek more World Bank aid
    337 12 MALAYSIA is expected to seek further technical assistance and loans from the World Bank during the course of the four-day visit to Kuala Lumpur of its president, Mr. Robert McNamara. This will be among the Issues that will be raised during Mr. McNamara's
    337 words
  • Article
    Lock icon Filipino barter traders hit
    170 12 AP TRADERS in the Malaysian free port of Labuan, near southern Philippines, said they were being hit by restrictions on the Import of electronic goods Into the Philippines. Filipino barter traders, who come to Labuan regularly to buy large consignment of the electronic goods, said directives
    AP  -  170 words
  • Article
    Lock icon RATINGS SUSPENDED
    499 12 Reuter AP THE TWO major agencies that evaluate the creditworthiness of government and corporate bonds In the United States have suspended ratings on all securities affected by Tuesday's vote to limit property taxes in the state of California. Standard and Poors Corp. announced on Thursday that it has
    Reuter; AP  -  499 words
  • Article
    Lock icon Field day for the industry giants
    443 12 Agencies SOUTH KOREA Is to allocate Investment fields to big private companies for development of heavy industry. According to a "plan for development of large-unit machinery plants" from the Commerce-Industry Ministry, two to three companies will be competing in four main areas of heavy
    Agencies  -  443 words
  • Article
    LONDON STOCKS
    725 12 LONDON, Frl. Government bonds closed with net gains ranging to one point In longs following active buying Interest after the government's economic package yesterday and the exhaustion of the long Up today, dealers said. Shorts firmed by around H. Leading Industrials traded mixed to easier In little Interest
    725 words
  • Article
    Lock icon JAPANESE URGED TO IMPORT MORE THAI PRODUCTS
    172 12 UPI AP A THREE-DAY Joint committee meeting between Japan and Thailand ended yesterday with Thailand urging Japan to Increase Imports of Thai products by 8 per cent over a year ago to UB9BOB million (881.88 billion) this year. A Joint communique also called
    UPI; AP  -  172 words
  • Article
    Lock icon Japan's exports as high as ever
    217 12 UPI JAPAN'S certified export* la May reee more than It par east nw a year ago da* to the 24 par east apprs elation of the yen against the US dollar. Export* totalled UBIS.IS billion (BSIR.M billion) last month, up 22.3 par cent over
    UPI  -  217 words
  • Article
    Dealing with MNCs
    110 12 t INCREASING the compe- tence of government negoi tla tors and administrators is important in order that developing countries arrive at a fair an meaningful agreement when negotiating with multl national corporations (MNCs). A development administration expert, Mr. Abu Sharaf Sadlque, said no amount of codes an
    110 words
  • Article
    Lock icon Fresh light on US banks' foreign lending
    583 12 AP Reuter FOREIGN ERS owed major US banks about UBs 194 billion (Ss44« billion) at the end of last year, about 20 to 30 per cent of these banks' outstanding loans. The US Federal Reserve said its banking agencies surveyed 124 US banks
    AP; Reuter  -  583 words
  • Article
    Lock icon Gold futures lure
    271 12 Reuter THE RECENT rise In gold prices has brought a surge in interest in US gold futures by Hongkong participants, New York dealers said. They said Hongkong interest has been growing within the last year, and now accounts for approximately 10 per cent of the turnover on
    Reuter  -  271 words
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