The Business Times, 13 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, JUNE 13, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lee returns
      63 1 r PRIME Minister Lee Kuan Yew returned to Singapore yesterday after an official visit to Bahrain followed bv a seminar In Iran. His fourday state visit to Bahrain started on June 6. After the visit, he attended a three-day seminar at Iran's Aspen Institute for Humanistic Studies. The
      63 words
    • Article
      Lock icon Quake hits Japan
      72 1 Reuter. TOKYO, Mon. At least 19 people were killed and 101 Injured today when a powerful earthquake shook the Pacific coast of central Japan about 300 km north-east of Tokyo. Another five were missing and possibly dead. Seismologists said the quake at its epicentre (100 km off
      Reuter.  -  72 words
    • Article
      Lock icon Expressway
      59 1 AFP. KUALA LUMPUR, Mon. A new 552.3 billion expressway, in the form of toll-roads stretching from Alor Star to Johore Bahru will be completed by 1984, according to Deputy Minister of Works and Utilities, Dr. Ooh Cheng Telk today. He said tolls along the 690-odd km of four-lane dual
      AFP.  -  59 words
    • Article
      Lock icon Steel prices up
      61 1 Reuter. BETHLEHEM, Mon. Bethlehem Steel Corp, the U8 second laigest steel producer, said today It was raising prices by about 3 per cent on steel mill products, effective from July 30. The company said It had moderated the slse of its price Increase In recognition of the
      Reuter.  -  61 words
    • Article
      Lock icon Sorry, too busy
      50 1 AFP. BANGKOK, Mon. Thailand may play host to the annual UN Food and Agricultural Organisation conference scheduled to be held In Malaysia next month, as Malaysia has Indicated it will be too busy with its general elections, Prime Minister Krlangsak Chamanand told the Bangkok Wdrld today. AFP.
      AFP.  -  50 words
    • Article
      Lock icon More gold
      76 1 Reuter. BASLE, Mon. The Bank for International Settlements estimates new supplies of gold reaching the market at 1,605 tonnes last year (about 135 tonnes more than In 1976). This estimate, broadly in line with those already published by commercial banks, includes the Free World's production of 965 tonnes,
      Reuter.  -  76 words
    • Article
      Lock icon Taiwan compromise
      74 1 UPI. TAIPEH, Mon. The United States may complete its normalisation of relations with Peking by next February with a compromise on the mutual defence treaty with Taiwan, a local newspaper reported on Sunday. Professor James Hslung, director of the modern Far East programme at New York University, was
      UPI.  -  74 words
    • Article
      Lock icon Dow Jones
      83 1 UPI. NEW YORK, Mon. Investor concern over the prospect of higher Interest rates kept stock prices to im £F ow today. Trading was moderate. The Dow Jones Industrial average, which lost 2.86 points on Friday, was up 0.26 to 859.49 shortly before ll am EDT. The blue chip
      UPI.  -  83 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      119 1 Rises Most active OCBC 785 +25 SiaM Darby 417,000 CAC 406 +24 (JOB 288,000 HKUad 440 +20 Waaroaa 162,000 WNIMI 298 +13 Haw Par 148,000 Tractors 424 +12 PaaEloctric 129,000 Gold Gala 170 +11 Total Turnover: 4.00 m Nat Im 438 +8 Total Value: $8.15 m (JOB
      119 words
    • Article, Illustration
      In Kuala Lumpur
      163 1 Rises Most active C and C 4.78 +.24 Pahang Corn 328,000 Wmam 3.08 +.20 S Darby 217.000 OCBC Inch KK 80S 4.34 .20 +.14 B Raya OCBC 155.000 152.000 TuCkoaa 2.78 3.24 3.58 +.12 +.12 .10 Total Turnover: 3.02 m BmU M Flour Tout Value: MS 7.29
      163 words
  • Article
    TCK to borrow $40m from OUB
    352 1  -  •y SOH TIANG KENG IANG Choon Kcng Realty (TCK) is negotiating a loan from Overseas Union Bank to build a 33-storey hotel cum-shopplng complex In Orchard Road. The loan Is believed to be In the region of $40 million. Officials of TCK, a substantial
    352 words
  • Article
    Acma shares knowhow with Thailand
    677 1  -  ASEAN COOPERATION •y RAHIM KASSIM A LOCAL manufacturer of refrigerators and alrcondltioners will provide a Thai company with knowhow for manufacturing frostfree refrigerators. An agreement on the knowhow transfer was signed between Acma Electrical Industries and Compact International of Thai-* land recently. In May last
    677 words
  • Article
    Global perspective of protectionism vital
    500 1  -  By JOHN LIM THE second International Metalworkers' Federation Asian Electrical seminar held last week ended with a call for greater concerted effort by trade unions to better the lot of members in both the developed and developing countries. The seminar, held at the Hyatt, dealt
    500 words
  • Article
    Lock icon Nugan directors face charges
    194 1 Reuter. HEARING of conspiracy charges In Sydney against two Nugan group directors and two other men will begin on Sept. 4, a Central Court magistrate ruled. The charges allege that chairman of Nugan Hand Ltd. Frank Nugan, and his brother, Ken Nugan, chairman of Nugan Oroup
    Reuter.  -  194 words
  • Article
    JULY 8 POLLS
    104 1 MALAYSIA will go to the polls on July 8 In an early general election called by the government, It was officially announced today. The chairman of the Federal Election Commission. Datuk Abdul Kadlr Tallb, said that nomination of candidates would take place on June 21. The election
    104 words
  • Article
    Lock icon Japan's economy may need another shot in the arm
    227 1 Reuter. ADDITIONAL measures nay be neeeesary to stimulate Japaa's economic recovery, which does act seem to be making Cast enough progress. And the effects of government spending on public works under the fiscal 1978 budget of 34,290 billion yen (8*343 billion)
    Reuter.  -  227 words
  • Article
    Jardines subsidiaries to merge by August
    414 1  -  •y TERESA LIM THE merger of Promet and Jardine Offshore Is underway and will be completed by August. The two companies are part of the Jardine Matheson South East Asia (Jardine) group. Sources indicated that those operations which were formerly located at Malayan Credit
    414 words
  • Article
    Philippine GNP rate
    108 1 THE Philippine gross national product (GNP) is expected to grow at an average annual rate of 7.7 per cent for the next five years, rising to 112.2 billion pesos (SS2S billion) In 1082 from 83.3 billion this year. President Marcos said In his State of the Nation
    108 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      27 1 ©<Wyibong hand when Wayfoong Mt*rtgagr you need and Finance (Singapore) Lusted It tXIOSt Sha# Mouse. Ground Floor, 554 Orchard Road. Singapore 9. Tel: *****7. SEE BACK PAGE
      27 words
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      Page 1 Advertisements Column 2
      43 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant isj !j HEPRV Rnc PDtntlES PTE LTD 3R'J(\ t A.> fc r R, IANCt DISTRIBUTORS 4 H jAI A CHfcV A L 1t R BANDAR SERI BtGfll%A\ BRjNt. T£t 2566b
      43 words
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      10 1 CROSS WOEDB 2, MEMOPAD 2, BBIBTOW 7, BTRAWB SHIPPING TIMES
      10 words
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      2 1 Leader Page <
      2 words
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      118 1 L» m* ■MM Two thirds of the earth is covered by water, the other third by Richard Ellis. No idle boast, this. For in recent months, partners of Richard Ellis have travelled to undertake property valuations in every corner of the world. To be precise, in Argentina, Australia, Bahamas, Belgium,
      118 words
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  • TRADE AND INDUSTRY
    • Article
      S Korea invests in manpower
      647 2  -  •y FOO CHOY PENG THE South Korean government has made it mandatory for all large business groups to Invest in human capital to meet their future manpower needs. This mainly Involves paying for the education and training of undergraduates staking professional and managerial course In
      647 words
    • Article
      MEMO PAD
      296 2 COURSES AND TALKS May 8-Aug 17: A list Insurance Institute Assoclateshlp Course, SITC, SITC May 15-June 15: Compensation Employee Benefits, Hilton, POD June 5-July 29: Life Agents Certificate Course, SITC, SITC June 8-22: Personnel guidelines policies, Hilton, POD June 12, 13, 15 16: Inventory systems strategies, SIM, SIM
      296 words
    • Article
      Lock icon TOKYO YES TO FIRM
      76 2 Reuter THE Japanese Finance Ministry said yesterday that It will shortly approve a plan by Household Finance Corp, a US consumer finance firm, to establish a wholly-owned subsidiary in Tokyo to start personal loan business. The ministry, however, declined to comment on an economic dally Nihon
      Reuter  -  76 words
    • Article
      Lock icon Mushrooming exports make senator see red
      387 2 UPI. TAIWAN hu been accused of exporting mushrooms to the united States through Hongkong. In a letter to Robert Strauss, President Carter's special trade representatives, Senator John Heinz pointed out that though Hongkong grows no mushrooms, her exports of mushrooms to the US during
      UPI.  -  387 words
    • Article
      Palmco's fatty acid plant takes shape
      258 2 PLANS of the Palmco Oroup to start Malaysia's first plant to manufacture fatty acids and glycerine from palm oil by-products have reached an advanced stage. The managing director of the group, Mr Robert W.K. Chan, said the multimillion dollar plant would be the first
      258 words
    • Article
      Tractor sales gear up
      204 2 TRACTOR sales In Sri Lanka has Increased substantially with the relaxation of government controls last November. One major manufacturer, Massey-Ferguson, a Canada-based farm and Industrial machinery company, reported 150 sales within a few days. According to the company's spokesman, the Impact of the liberalisation of Imports
      204 words
    • Article
      Lock icon Japanese fair in Hanoi
      226 2 AFP. JAPAN will hold a trade fair In Hanoi next autumn to promote bilateral trade. The Japan External Trade Organisation (Jetro) officials said it will send a mission to Hanoi to work out details of the fair. On display will be Japanese machinery, machine tools, and
      AFP.  -  226 words
    • Article
      Lock icon Blight on rice crop
      103 2 Reuter. A NEW rice disease believed to be of viral origin was threatening the rich ricelands of the C&gay&n valley 400 km north of Manila. The disease. Infectious gall disease, Is transmitted by the brown planthopper to rice seedlings causing outgrowths which result among others In
      Reuter.  -  103 words
    • Article
      Mighty Mite to saw its way through
      203 2 A NEW dleael-powered portable sawmill, "Mighty Mite," has been Introduced In Malaysia for mountain and other remote area operations where road construction and log hauling are both difficult and expensive. The mill, which can be operated by two men, was developed by International
      203 words
    • Article, Illustration
      SHOPPING – THE ABC WAY
      435 2  - SHOPPING THE ABC WAY •y TSANG SAU YIN ABC Housing will soon start construction on its first commercial project, the t2O-million Singapore Shopping Centre (SSC) which is bounded by Penang Lane, Penang Road and Clemenceau Avenue. The firm bought the 3,250 sq metres of land from Metro Holdings for 15
      435 words
    • Article
      Lock icon Light industry leaps
      358 2 AFP. CHINA'S light industrial output value from January through May this year was 21 per cent more than in the corresponding period of last year, setting an all-time high In China's history, Hslnhua News Agency reported. The agency was reporting on Saturday's closing of a 10-day National
      AFP.  -  358 words
    • Article, Illustration
      Hayden to call on Lee during visit
      118 2 OPPOSITION Labour Party leader In the Australian Parliament, Mr. Bill Hayden (above) will arrive In Singapore tomorrow for a three-day visit. Mr. Hayden is now touring Asian countries to familiarise himself with trade expansion and economic development. During his visit here, he will
      118 words
    • Article
      Rolling out the red carpet
      83 2 THE Prime Minister of Luxembourg, Mr. Oastons Thorn and his wife will be given a ceremonial welcome at the Singapore Airport when they fly in today for an official two-day visit. During his stay here, Mr. Thorn will call on senior government ministers, heads of
      83 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      131 2 n 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
      131 words
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      Page 2 Advertisements Column 2
      3 2 SLEEPWELL TEL *****56
      3 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      634 2 I -IN-ONE CROSSWORD A CRYPTIC PUZZLE ACROSS 1 Character always In a cautionary tale? (S) 6 In the end, one point Is the minimum (5) 9 Lad noted for Jollity and grit (4-3) 10 Name of a teetotaller with a broken rib? (5) 11 Just the chap to steal some
      634 words
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  • OVERSEAS
    • Article
      Lock icon Optimism over China's wheat crop
      382 3 AP. DROUGHT may ban a less serious effect on China's grain production thu year wan was earlier expected. The question mark now to on the effect of drought damage to the northern wheat and autumnharvested crops, and the Impact of wet weather on the early
      AP.  -  382 words
    • Article
      Lock icon Venezuela is industrialising at quick pace
      392 3 AP. THE Venezuelan Government has inaugurated what ft describes as the world's Second largest aluminium plant and a key project in the oil-rich nation's efforts to achieve rapid industrialisation. Besides inaugurating the! aluminium plant on Saturday, President Carlos Andres Peres also witnessed the start
      AP.  -  392 words
    • Article
      Lock icon NY hungers for more investments
      214 3 AP NEW YORK City's bid for long-term Federal financial assistance Is continuing with members of the Senate banking committee pressing some of the cltv r s key bankers and union leaders to Invest more In the nearbankrupt metropolis. Witnesses at hearings scheduled for next Monday
      AP  -  214 words
    • Article, Illustration
      Budd's all-purpose rail car
      315 3 A SUPER-STREAMLINED multi-purpose rail ear The BPV2OOO («®if propelled vehicle yeer 2000) can travel at speeds of tip to I*2 hph; hi lie commuter version it <*■ ""t 1W passengers who travel in comfort with heat, light and air conditioning all available from a generator powered
      315 words
    • Article
      Lock icon Peg makers hanging on the line
      244 3 UPI. THE four clothespin (clothes peg) makers In the US, all located in Maine and Vermont, urged President Carter to protect them from what they say is unfair competition from communist countries. Frederick McAlpln 11, lawyer for the four manufacturers, said on Sunday they
      UPI.  -  244 words
    • Article
      EEC fold
      35 3 THE foreign ministers of the EEC agreed yesterday on ways to bring Oreece and Turkey into the process of political cooperation as they progress at different rates toward full membership of the Community.
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    • WORLD IN BRIEF
      • Article
        Lock icon SAUDIS BAN 58 FIRMS
        468 3 Agencies SAUDI ARABIA has banned dealing with 58 companies from 16 countries for contravening the Arab boycott of Israel. A Ministry of Commerce decree also said that the ban would be lifted from Gulf and Western Industries Inc and reminded businessmen that the ban on dealings
        Agencies  -  468 words
    • Article
      Lock icon Suits against other firms in the pipeline
      930 3 Washington Star, NYT WITH a U*****.3-mllllon (*****.6-mllllon) damage suit against Exxon Corp, the Department of Energy (DOE) has launched a major campaign to recover more than $1 billion in alleged overcharges by major oil companies during the previous Republican administration, department officials said
      Washington Star,; NYT  -  930 words
    • Article
      Lock icon Meagre return for Swedish companies
      183 3 Reuter. THE combined return on capital of all bourse-listed Swedish corporations, excluding banks, will be meagre this year after being practically aero last year.. Skandlnavlska Enakllda Banken said in Its June economic report the total return after cost-calculated depreciation is expected'to rise this year by
      Reuter.  -  183 words
    • Article
      Australia devalues the dollar marginally
      211 3 THE AUSTRALIAN dollar was devalued by a marginal 0.11 per cent yesterday in the first managed move since June 1, the Reserve Bank of Australia reported. The Index of the tradeweighted currency basket used to fix the dollar's overall value was lowered from 87.2 to
      211 words
    • Article
      Lock icon Wall Streeters anticipate Fed squeeze
      1184 3 NYT, Reuter. WALL BTREET'B money market analysts are predicting that the US Federal Reserve will soon tighten credit further. The credit markets, buffeted for two weeks by unexpectedly large increases In money supply are looking for signs which may Indicate what the Federal Reserve plans
      NYT,; Reuter.  -  1,184 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      260 3 HISTORY OF THE ORLD V The World Cup has always been a fascination. There is never a sure winner in a particular match, however good a side may be. So often, the truly great teams have not won the cup. The favourite Brazilians in 1950 lost to Uruguay in Brazil,
      260 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      294 4 OPENING prices yesterday were marked down marginally following disappointing London advices and the market fell further on some long liquidation and Oct/ Dec 1979 offerings. Some upcountry buying was noted but failed to maintained levels In moderate trading;. Towards the morning's close some selling pressure was
      294 words
    • Article
      Closing prices
      29 4 Rubber: Jane 12 Jbm 224.50 easts (down 2.2S cents) Malaysia: July 232.75 cento (down 2.25 cento) Tin: $1,711 (up $1) Official offering: 192 tonnee (down 78 tonnee)
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    • Article
      RAS PRICES
      307 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 226.50 227.50N 226.00 227.00N Int. 1 R.S.S. July 227.00 227.50 236.50 227.00 Int. 1 R.S.S. August 227.50 228.00 227.00 227.50 Int. 2 R.S.S. 218.00 219.00N 217.50 218.50N
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    • Article
      SSR AND SMR
      94 4 NOON SSR and SMR prices yesterday: RAS July Aufult (Cumat Mth) (Forward Mtk) Buy® n Saltan Buy« n S«U«n (ca attparkg) im mupwkc) SSR 20 (1-ton pallet) 211.00 213.00N 212.00 214.00N SSR 50 (1-ton pallet) 200.00 211.00N 210.00 212.00N MRELB SMR5CV (1-ton pallet) 240.00 242.00N 240.50 242.SON
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    • Article
      Straits tin
      173 4 THE BTRATTB tin price in Fsnang yesterday rose 1191 per picul to $L7ll $211 above the International Tin Agreement celling. With no fresh news from overseas, the market held steady after last Saturday's rise on followthroush buying demand from U8 and Japan, dealers said. Turnover dropped to 192
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    • Article
      Sugar
      176 4 SUGAR futures In London yesterday opened slightly below Initial expectations with losses of £1.05 to a nominal £0.80 In forward contracts In a thin volume of 437 lots at the end of the opening call, Including 305 lots on the kerb on Friday of which five were options. Dealers
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    • Article
      Cocoa
      64 4 COCOA futures in London yesterday opened much in line with expectations £3.5 to CIO lower at the end of a quiet opening call. Volume totalled 143. Dealers said the physical market was also quiet with any underlying European factory buying being deterred by improved rates for sterling. There were
      64 words
    • Article
      Zinc
      63 4 ZINC finished the morning in London yesterday down £2.5 for cash and £2.25 for Three Months. This metal followed the fluctuation in copper and lead during a gulet trading session with light shortcovering steadying Three Months from £332 in the pre-market up to £325.5 in the ring. Kerb values
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    • Article
      Produce exchange
      250 4 PRICES of coffee continued to firm on the Singapore produce market yesterday. As Is usual on a Monday, light trading prevailed on the market. Coffee prices were marked up $15 per picul. This brings the total increase since Monday three weeks ago to f 100 per picul, a
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    • Article
      Hongkong comex
      179 4 THE sugar market yesterday eased around 0.15 US cents In quiet trading, with 19 lots traded against five on Friday. Trading was restricted to light commission-house selling, dealers said. Net open position after Friday's trading totalled 46 lots, while the Hongkong dally spot sugar price eased 0.10 to
      179 words
    • Article
      SPOT PRICES
      185 4 TARN and cotton tn Hongkong dollar*, not e*-*odown: CmmThk China BhM Phoenl* 20s 1.790. 33s 3.1 M. Mi 3.340 (par bate of 400 loa). PWn (Ma: China ButUrlr and QVobe Brand una. Dra«an Haad una. n»« Lamb* unq. rlowar and Buttanly unq. Flylnc Oeeee unq (per place 30
      185 words
    • Article
      Coffee
      142 4 DEALERS said the lifting of the frost warning by the Brazilian Federal Government Weather Office and the forecast of milder weather Induced Initial losses in London yesterday of up £75 in the first two positions. The sharp falls came from the unwinding of positions held over the weekend against
      142 words
    • Article
      Rice
      197 4 BANGKOK rice prices were quoted as follows yesterquoted as follows yesterday: In U8 dollar* per tonne F. 0.8.. basis Bangkok) Whit* rice: 100 pet Ist class 449. 100 pet 2nd class 427.100 pet 3rd class 422. 5 pet 413. 10 pet 400. 15 pet 302. 20 pet 357, 25
      197 words
    • Article
      Copper
      119 4 COPPER wirebars In London yesterday finished the morning down £11.5 for cash and £10.5 for Three Months. Values came under pressure from liquidation and stop-loss selling prompted by the New York tone, the strength of sterling against the U8 dollar and relatively poor physical demand, dealers said. The movement
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    • Article
      Lock icon Time is now ripe for silver to take over
      1189 4 NYT. FEW commodity futures markets In recent years have proven so frustrating and costly to the small trader as silver. Today, however, a new army of Intrepid small traders Is once again being lured into the New York silver market in
      NYT.  -  1,189 words
    • Article
      Gold
      204 4 THE KILOBAR In SlngaSre yesterday opened at 13,717 and traded to a high of $13,742, before closing lower (13,712. Spot gold for London delivery opened at U*****.20/50 against the New York closing of US$lBl.5O/80 last Friday. Buying support In Hongkong brought prices to a high of U*****.40/70. The market
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    • Article
      Lead
      65 4 LEAD finished the morning in London yesterday down £2.25 for cash and £3 for Three Months. General liquidation followed the decline in copper and Three Months traded down to £315 in the pre-market. Short-covering developed in the ring where back to £319 was paid for Three Months although the
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    • Article
      Lock icon Uncertainty of dollar affects commodity futures prices
      573 4 NYT. HAS THE dollar finally bottomed out of Its long slide? Will it recover in value against the major foreign currencies, or will it resume Its decline? Increasingly, these questions are having a far greater Impact on the prices of commodity futures than
      NYT.  -  573 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        451 4 THE US dollar yesterday dropped a hundred points against the yen and sterling in foreign exchange markets. Opening at 220.35/45 against the yen, the dollar was quickly traded downwards to 219.40/50 during early London trading. Traders were unable to explain the dollar's slide except that strong speculative pressures
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      • Article
        Asian $ and CD rates
        164 4 Asian and CD rates ASIAN currency deposit Interbank rates as at close on June 12: UBDall Ofibn 7d*y* 7 J/4 7 9/6 1 mth as/it 63 2 mthi 8 1/1* 719/16 3 Mhi 13/16 81/16 6 mth* 8 V8 81/2 mtlti as/4 89/8 IZmths .8 7/8 89/4 N.fn (MMIa Dm.
        164 words
      • Article
        Discount
        47 4 RANGE of prices offered by discount houses on June 12: Overnight 3W% Call deposits 3K% 3-monUi Treasury btUi 3 1/4 I 1/1 3-month Bank Dill* 4 13/14 4 11/16 3-month CD 4 13/16 4 11/16 6-month CD 9 1/16 4 IS/16 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at > which Singapore bank* an currently prepared to lend to their beet customers ie 7 per cent.
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      • Article
        Euro $ rates
        79 4 Euro rates I LONDON eurodollar deposit rates showed few changes In quiet Initial trading yesterday. Overnight s** l/lfl lower at 79/ J6 to 7-1/2 psr cent after openlna at 7-4/8 to 7-11/16. OthCTdajr-toHtay rates held One Month was adjusted 7/16 higher to 8-5/18 83/18 on a Fridajr-end and Four Months
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      • Article
        London
        224 4 AFTER opening below Friday's closing levels, the dollar yesterday steadied against most major currencies in early trading. Against the yen, It fell to 219.25/40 at the opening from 220.80/90 at Friday's close, but later In quiet twoway trading It edged higher to 219.45/80 yen. There were no particular new
        224 words
      • Article
        Hongkong
        103 4 WITH Interest centred on dollar-yen, the US dollar yesterday closed easier in quiet trading. It fell to 210.50/60 yen from 220.45/60 In New York on Friday night and to 2820/40 marks compared with New York's closing of 2.0640/50. Sterling rose to U5J1.8292/02 against Friday's New York close of 1.8280/90,
        103 words
      • Article
        Tokyo
        92 4 THE US dollar for overnight delivery yesterday closed sharply lower at 219.50 yen, compared with 220.50 at the opening and 220.93 at last Friday's close. The day's trading volume was U***** million, dealers said. The dollar for Immediate delivery closed at 220.22, unchanged from the open- ing and compared
        92 words
      • Article
        Eurobonds
        303 4 EUROBOND prices quoted on June 12: 8trmi«fcU BM NttWdtiM MJO m«t|Mr ...M.ll Courtauldt tt|KN 88.25 ESstfOHM KM) Ftoonaatf 10HM M.M IncoSK MM IncoOKM M.M SfMLitiankcrnu 1*00 M.M Shell 8* M M.S 8NCF8HM nn*i EIB8H88 96.25 HBOfcM M.M BC8C0%M UM< EuroflmlMM M.M Cttteorp 10W ...M.M nBMlKM ...M.79 Rowntrac* ttf 10%
        303 words
      • Article
        Frankfurt
        33 4 FRANKFURT exchanges opening quoCee on Junell: OS IMWW (I,WW) QUI I.MM/40 HIMMU on u.um b n no.ta/io Ut Z.4IS/4M r Pr 4S M/4C M Kr M.44/M b pr (eon) %.nm Tot O.MM/im.
        33 words
      • Article
        Australia/NZ
        26 4 AUSTRALIA and New Zealand exhanges on June 12: AUSTRALIA: PS «p—r I.UM/l.un BMnfrOMHN 2S: fcwiß, SMrunt MTO Startta AMI/* JAM ueSXr IMM/umm US doOar *****
        26 words
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      Page 4 Advertisements Column 1
      59 4 V in PAN Paperback LE CAIIE THE HONOURABLE SCHOOL' HIS LATEST #1 WQELD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME •lMll.lt r Ml ISHKK> A KKK I > i i- W Now on Salt- at all bookshop?. I )i-t r tnitfil h\ ll\lK> I )|>'i
      59 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon ALL ABOARD FOR FUN?
      237 5 AP. IHlBNitNMi«bkN|kttkilaaqr Km, Frunliiyiiai Bdnt as plan to anchor the ship tad run It as ft hotel and A VMek telovteten etatlou n>«toi tho MJMMen craft will drop anchor off the Lobanooo capital by tho fcf*—*»g of 1971 •ad tho dedafam win ho snrnwncod within fcw
      AP.  -  237 words
    • Article
      Tradewinds resumes direct Haadyai flight
      234 5 DIRECT FLIGHT to Haad?ki has been resumed by radewlnds Charters (a subsidiary of Singapore Airlines) after a lapse of three months. Flight frequency is now twice weekly, departing from Singapore at 2.30 p.m. every Thursday and Sunday. The first flight last Thursday by a Boeing
      234 words
    • Article
      Soviets expand their ports
      623 5  -  »y TERESA LIM SOVIET ports are undergoing modernisation and expansion programmes, all of which are part of the USSR's current five-year plan (1976 to 1080). This year, several Soviet projects will come on stream. Several, 2,500 m berths, for example, will be commissioned in the ports
      623 words
    • Article
      NEW $3M COMPLEX FOR KEDAH AIRPORT
      120 5 THE Kepala Bates airport. 11 km from Alor Star, will hare a new Bits million complft by the end of next year. Kedah Mentrl Besar Datuk Sen Byed Ahmad Shahabuddln said the complex would be built in stages from this year. The project will
      120 words
    • Article
      Lock icon Concorde wins over the Americans
      896 5 NYT. PIERRE Gousseland, a mi-ning-company executive from Greenwich, Connecticut, held an hour-and-a-half business meeting in his Paris office, on Tuesday morning. Then he caught an 11 am Concorde supersonic airliner for New York, and thanks to the five-hour time difference he arrived at his Greenwich
      NYT.  -  896 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      688 5 ARRIVALS Service Local Operator Number Time Prom CAL PAA CPA MAS MAS SIA MAS MAS MAS CAL CPA MAS OIA SIA SIA OIA OIA PAL RBA OIA SIA SIA SIA MAS SIA SIA OIA MAS CPA CAL SIA OIA LUFT MAS SIA SIA MAS JAL SIA MAS
      688 words
    • Article
      RO-BOAT POWER
      64 5 THE Jotun Oroup has aroused worldwide Interest with Its claim to have developed a robot capable of spraying and laminating plastic boat hulls. It is claimed tnat trials with the robot have been going on secretly at the Jotun plant In Gothenburg, Norway for the last three years.
      64 words
    • Article
      Lock icon Airbuses for Olympic
      79 5 Reuter. OLYMPIC Airways said in Athens yesterday that It signed an agreement for the purchase of two Airbuses. Under the agreement, a consortium of foreign banks will provide a longterm. low Interest loan to cover the cost of the planes which are worth USO6O million (***** million).
      Reuter.  -  79 words
    • Article
      Lock icon Making an issue out of issues
      176 5 AP. STRIKING Northwest Airlines pilots proposed that a third party be called in to decide how many issues are left to negotiate In the six-week-old strike. The number of negotlable issues'ls ltsslf an issue that has kept the two sides sway from the bargaining
      AP.  -  176 words
    • Article
      Lock icon Study pinpoints Klang bottlenecks
      95 5 Reuter. THE Port Klang authority has completed a ninemonth study which identified problems of bottlenecks in handling cargo with a view to srsdlcattng them. The study was financed by Norway, Denmark and Holland the major users Of the port. Shippers have complained about the lack of
      Reuter.  -  95 words
    • Article, Illustration
      SHIPS IN PORT
      296 5 EXPECTED ARRIVALS KEPPEL WHARVES Barge HH H (0600) 33/34 Botany Triumph (Tanker) (0600) (Subject gas free) (P/O) 15/16 Hague Maru (JHOW) (after Flelades) 6/7 Hudson Maru (after Vivien) 47 Irene Symphony (1130 tude) 18 La Rlola (1500 after Nedlloyd Kingston) 5 Pulawy (after Eugenluss Kwlatkowskl) 8/9 Siena
      296 words
    • Article
      Stretching exercise
      394 5 THE US Air Force has awarded the LockheedGeorgia Company a contract to stretch an entire fleet of 271 C-141 Starllfter aircraft. The contract which was let by the Air Logistic Centre In Georgia Is worth U*****.5 million (Bsl billion). An Initial award of $84.6 million covers the first
      394 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      141 5 Don't let the language barrier stop you from wider contacts r «r W At V 0 X IP c\ XA r u^'Vl iaxS**' ri <y=* SS° v 1 zv» u YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits
      141 words
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  • Article
    Technical ties will boost regional spirit
    353 6 THE ANNOUNCEMENT that Acma Industries will be extending technical assistance to a Thai refrigerator plant Is most gratifying. It is exactly the kind of enterprise that the private sector can foster in the spirit of regional cooperation, and is perhaps the Ideal marriage of
    353 words
  • Article
    Market big enough for new entrants
    211 6 THE FORMATION of Deganl, Tullet and Kiley is a most welcome move for a number of reasons. Firstly, It makes sense to open the market to as many newcomers as possible. Secondly, Increased competition among the brokers Is healthy and thirdly the fact that
    211 words
  • Article, Illustration
    RONNIE LIM spotlights the dominance of the TV tube industry in
    1780 6 ONE HOUR'S drive out of crowded Talpeh City alone a new "super-high way" traversing padl fields and the hillocks of Taiwan'• central range, lies the heart of the country's TV industry. It Is here In the northwest provinces of
    1,780 words
  • Article, Illustration
    BEHIND THE SCREEN
    1212 6 PHILIPS Electronic Industrie* (Taiwan)'. UBSIOO million (***** million) Chnpei plant ia in fact not one but two plants n tube plant and a glass plant producing the glaaa component* for the tnhea. Theee class components are the front scrssn, the eoae enveloping the area behind the screen,
    1,212 words
  • Article
    ELECTRONICS ATTRACTS THE FOREIGN INVESTORS
    147 6 ACaJMMNGU tW rspertjag a Sr&SVZZC rftlus w SSSumuruw (SSI4I.BS adlttca). Of the total. UBW.Mi.tW was laeeeted fcy tutsan and the remalaing UB9M.UI.tW by "everaaas The Mrviea —i hrtkj UhMh attracted a leaf* portka ef the "iwm Chinese" lai white ■tectroalne, ihrtriwl aad eh—lcel iadustriee were
    147 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      262 6 I f A perfect complement to any meal 1 t. <• .*> ifai t i Air. i Havelock Road S pore 3. Tel: *****1 NMI bar presents TotoSHfeKffts The Jackson 5 of Manila Don't miss the exciting sounds of Toto L His Kids. v This band of four brothers and
      262 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER OUTLOOK for Singapore from 6a.m. to noon today: isolated showers. Report for 24 boon prior to 7.30 p,m. on Mon June 12 at the airport. Maximum Temperature 31.0° C Associated Humidity 63 Minimum Temperature 23.3° C Associated Humidity 96 Hours of Sunshine 3.65 Rainfall in Millimetres 1.2 Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      252 6 SINGAPORE 3.00 PM Opening announcements followed by What's My Line 3.25 Diary of Events (English) o 3.30 Afternoon Matinee The Dark Corner (Pt. 2) Starring: Lucille Ball, Clifton Webb 4.10 Science Report* 4.25 Intermission 6.05 PM Opening announcements followed by Birdman And The Galaxy Trio* 6.30 News in Brief 0
      252 words
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  • Article, Illustration
    Australia and EEC links loosening
    1467 7  -  •y MIAN WILLIAMS THE traditional link* between Australia and Europe have been severely strained recently by economic pressures. The stress has been caused mainly by Australian dissatisfaction with European Economic Community (EEC) trading policies, but the complaints coincide with a growing debate about Europe's relevance
    1,467 words
  • Article
    STRAWS IN THE WIND
    672 7 TURKEY Is so "macho" a •country it seems, that a male without a moustache attracts disapproving clucks from rural women and sympathy for his wife's being lumbered with a husband who is "not really a man." Just imagine then, how the 200 boy graduates of the
    672 words
  • Article
    Piecemeal solutions expensive
    858 7  -  rami ...0D education k •y TERESA LIM MOST businessmen understand the Importance of bilingual Ism. in economic terms, blllnguaHam allows direct acceaa to more markets than the poaaaa sion of merely one language would allow. Equally Important, although leas apparent, Is the added discipline that the learning
    858 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      305 7 TODAY OKOH Lunch at v A Vws *s 9 M P m JO-Wi f J 3 branches for your convenience: SINGAPORE OKOH Supreme House Penarig Road. Te! *****1 !j OF G!NZA Horry Leonq Bidq RjffFes Qua,'. Tel *****81 KATSURA Orchid inn. Dunearn Rd Tel 531 122 Enchanted evenings in tine
      305 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article, Illustration
      Chemical leaders in Germany at bay
      2177 8 LEADERB OF the West German chemical Industry have not yet begun reading the tea leaves in their anxious search to discover what the future holds for them. But In recent months they have been pursuing the more normal methods of forecasting with special fervour
      2,177 words
    • Article
      Lock icon Coors winning its battle against the union
      997 8 NYT. OOLDEN, (Colorado): After a 14-month-long strike at the Adolph Coors Company, the nation's fifth-largest beer brewer, there Is only one Issue left: the survival of the union. Last week, the first motions were argued at a hearing on the company's petition to
      NYT.  -  997 words
    • Article
      Lock icon How one takeover rumour began
      797 8 NYT. NEW YORK: How does a takeover rumour get started? Perhaps when the top officials of two companies are seen chatting together at an Industry meeting. That, it appears, may be how the rumour got started several weeks ago that cash-rich Macy's was looking at
      NYT.  -  797 words
    • Article
      Lock icon Turnover drops
      537 8 TOKYO Source: DBS-Daiwa THE Nikkei Dow-Jones avenge closed yesterday with a slight gain of T1.61 at.Y5.*****9. although it opened higher as Institutional investors bought. The market slackened off as the yen strengthened against the dollar to below Y230 toward the morning close. The market opened higher centring on
      Source: DBS-Daiwa  -  537 words
    • Article
      Lock icon Hongkong
      289 8 Source: San Hong Kai DKBPITK marfcdown of prices in London on mday night, the market yesterday opened on a steady note and moved slowly atosad in early trade. In a flurry of activity around 11.00 a.m. prtoes surged to higher levels as ovsrssas investors competed with the locals. With
      Source: San Hong Kai  -  289 words
    • Article
      Sydney
      213 8 A. P M A ui po 1 Pet b.hTp BankNSW Borml Brambtee C B A C 8 R Coal Allied Dun lop Ex. Ind Herald Hooker I. c. I 130 77 714 900 233 in 33S 302 336 141 290 230 n 228 >1 unci) 0 -3 -3 ♦4
      213 words
    • Article
      Bangkok
      120 8 JUKI IS AMFUn Bangkok Bank m an •4 uneb 3T '•'liA.'Mi n a'"'. 1 poUU m Bank Bata Bertl Jucker CarpalIntnl CharoontThai Wire Dumex DuattThanl !I 330 unch Pabar Merlin rir« Tnui 431 ♦8 Oenera Finance Indo-Thal Industrial finance Corp 346 i -30 J And J Ho Jalaprathan Can*
      120 words
    • Article
      Selected Indices
      59 8 HJL Monday HANGS wo KM.M mdajr &17.04 WMk Ago SL.IT •YDNS1 Monday r IKIXJ8TB1ALS 421.72 Prtdav ms in W«ak A«B (Stand ALL OKXNAI SBB- W.11 4M.M HJL Monday HAVO SB no ..MM Frtdajr... &17.04 WMk Afo «M.17 0f UMB1 Monday DfDurr HAM 4M.7S ftodav «5 10 WMkAfa CUmd
      59 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      65 8 k =ANDREA= NEWMAN in Penguins mm*' o*^•3 Vi >S H <?•%# Within tragedy vtMdWii UWI BBPH® s KW t,> <• fGavfrt and Manson cannot let har on Har nunM ttnaavk in tha i pwaVIMW aaa %ew tips of tha people who know har. And tha shifting aftermath of" liiAyj r
      65 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Svenska Staal plans heavy capital investment
      226 9 PLANS for a substantial capital Investment programme together with some major redundancies were unveiled by Svenska ""Staal AB, the semi-state-owned Swedish producer of 'commercial steel. The company is to spend around SKr 5 billion over the next 10 years but at the "same time
      226 words
    • Article
      Saint Gobain expects poor results
      245 9 ANOTHER disappointing performance for the home operations was forecast by Saint Gobain Mousson, the largest private Industrial entity in France. Speaking at the annual meeting In Paris, Mr. Roger chairman, said he K expected the French comipanies to trade disappoin- tingly in 1978 but that
      245 words
    • Article
      Helaba in the black again with DM65m
      315 9 f < EUROPEAN PROFITS of DM 85 million at the net level are reported for 1977 by Hessische Landesbank -Glrozentrale, the public authority-owned bank that was hit badly by the German property crisis of the early seventies. The news of the return to
      315 words
    • Article
      Market share up at Leyland
      297 9 BRITISH Ley land'a market share recovered slightly last month from the disastrous 17 per cent In April but, at only a little over 21 per cent, it was still much lower than the target of 27 per cent set by executives earlier in the year.
      297 words
    • Article
      ICI will make early loan repayment
      307 9 IMPERIAL Chemical Industries is to make an early repayment of £74 million In DM loans on which it has made an exchange loss of Just over £40 million. The company says it does 'not regard" the exchange loss as serious in view of the
      307 words
    • Article
      Demag expects orders to rise for the year
      234 9 DEM AO. the West German machine tool, process plant and mechanical engineering group controlled by Mannesmann, announced that orders for the first five months of 1978 were about 5 per cent lower at DM 870 million. However, Mr. Otto Blank, the chairman,
      234 words
    • Article
      GRAND METROPOLITAN
      65 9 GRAND Metropolitan Ltd announced group pre-tax profit of £43.16 million (£27.16 million) In the six months ended March 31 on sales of £856.46 million (£765.93 million). Interim dividend was 1.75 p (1.6 p). Pre-tax profit was after Interest of £17.86 million (£27.85 million) but Included associated companies £1.30
      65 words
    • Article
      Fleming backing Japan again
      636 9  -  ASIAN By GERALD COLVERD THE prospects for share Investment In Japan to continue to outpace the indices in other international stock markets were highlighted last week at a private session with selected financial journalists, held by Robert Fleming Investment Management. In association with Jardine .Fleming, the
      636 words
    • Article
      De Beers to cut gem surcharge at next sale
      329 9 THE aqueeoe am the interna tioaal mfk diamoad uitatntanivlMtteDi Boors Coatral Selliag Orga■lmHm told etati that the SomlUmmli would be eat to If pa* cut. TW nuialnflw ooatrelo the flew of about M per cent «r the TCfli'i roach goal itnntf
      329 words
    • Article
      Burmeister acquires two companies
      133 9 COPENHAGEN: The Burmeister and Wain shipbuilding and Industrial group announced the acquisition of two companies, Dannebrog Elektronlk and Meyco Embellage, a packaging company. The combined sales of the two companies are some DKr 300 million. At the same time, Mr. Jan Bonde Nielsen, managing director and
      133 words
    • Article
      Lock icon Japanese steel slump
      113 9 AFP JAPAN'S five largest steelmakers were 177,000 million yen In the red In the year ended last March amid a Grslstent slump In demand th at home and abroad. By selling part of their stock holdings In other firms and cutting Into foreign exchange gains on Imports
      AFP  -  113 words
    • Article
      TOKYO GAS
      81 9 JAPAN'S largest city gas supplier, Tokyo Oas Co. has reported record sales and profits in the business year, ended last March due to foreign exchange gains totalling 0,815 million yen. According to the announcement, sales rose to 420,008 million yen from 383,888 million yen In the previous year,
      81 words
    • Article
      Lock icon IC moves further away from the rail business
      612 9 N.AMERICAN NYT. NEW YORK: When IC Industries announced that it had made a bid for Pet Inc., the food company, it was only continuing to do what it and many former railroad companies have long been doing getting further away from the
      NYT.  -  612 words
    • Article
      GE gets Egyptian contract
      98 9 THE Egyptian Electricity Authority awarded General Electric Co. a US$66 million order to supply 13 gas turbines for power stations near Cairo. General Electric, which made the announcement here, said Ave of the 24,270kllowatt units will be Installed at the utility's Helwan station, about 24 km
      98 words
    • Article
      Lock icon Gulf and Western profit increase
      170 9 Reuter OULF and Western Industries Inc.. a multinational conglomerate, reported a 14 per cent rise In profits for Its fiscal third quarter. Financial results for the nine-month period declined slightly due to some problems In the second quarter, Including the effects of the severe winter.
      Reuter  -  170 words
    • Article
      Lock icon Goodyear Tyre centre
      72 9 Reuter. GOODYEAR Tyre and Rubber company, the largest US tyre maker, said It will build a US$5 million international research centre at its plant in Craigavon, Northern Ireland. Construction of the centre, which will employ more than 100 people, will begin later this year. The date for
      Reuter.  -  72 words
    • Article
      Mexican utility Eurocredit
      89 9 r 1 BONPSfc LOANS DUEBBELOORF: The Mexican electricity utility commission Federal dee Electrlcidad is raising a US$4OO million seven year Eurocredit at one per cent above Li bar, a spokesman (or lead manager Westdeutsche Landesbank Olrosentrale said. The credit has a fouryear grace period and co- lead
      89 words
    • Article
      ECSC issue
      78 9 MILAN: Banca Commercial* italiana is arranging US$5O million, 8\ per cent, nine year private placement for the European Coal and Steel Community (ECSC), banking soures said. The issue is expected to be priced at 99* per cent and to be quoted in Luxembourg. Banca Commerciale is leading a
      78 words
    • Article
      BANQUE WORMS
      59 9 LUXEMBOURG: The Banque Worms seven-year floating rate note issue has been raised to US$3O million from the originally planned $25 million, primary market sources said. The Issue carries an lntrest rate of per cent over the six month London inter-bank offered rate, with a minimum 5.75 per cent
      59 words
    • Article
      Republic of Finland
      47 9 NEW YORK: Salomon Brothers said it is heading a Eroup planning to offer Ssloo million of Republic of Finland 8-3/4 per cent notes, due June 15, 1963, at 99.40 to yield 8.90 cent. The company said the selling concession is expected to be $5.
      47 words
  • Page 9 Advertisements
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1193 10 BID and offer prices officially Ueted and batfnsas la and reported to the Stock Bochanps of Stnaapon jesterday with the number ofiharss traded shown la brackets In lots of l.Mt units ualsss otherwise spedflsd. AHTSw Settieaient Contracts an Quoted after the world 'sett." Btc Board deal (In VoU
      1,193 words
    • Article
      Government and corporate bonds
      179 10 4 9/4% 19/9/99 (290.900) (1M.568 1M.968) (4) 100 M 9 9/4% 1/19/90 (990,900) T106.068) 9ft 11/4/91 (250,000) (1M.068 100.758) •ft T P 19/19/91 (250,000) t1M.308) ft T P 1/9/99 250,000) (1M.458 1M.558) 91/4* T P IW9I-94 (250,000) 12.898) IVVM (250,000) (1M.908 101.068) 7 1/4* 19/4/ M
      179 words
    • Article
      Stock options
      110 10 8T HIKING price* of the dock options officially llated on the Stock Exchange of Singapore, the periods, bu and offer price* and business done yesterday, with the number of options traded shown In brackets. Cold 9tw«|«JB*pt $1.70) (0.568 0.988) Hum F E (Sept 11.20) (0.&2B 0.928) Nat Iron
      110 words
  • Article
    SHARE INFORMATION SERVICE
    2342 10 v.. 1978 Hick Low Company Last Sale +oeGr s Div Div C'vr Gr'i Y'ld Nat P/E Vol C009) Day High Law SECTION ONE 9 INDUSTRIALS $89. 14 57£ 215 238 H* 810* 406 432 132 123* 112 195* 60 V, 162 173* 140* 256 394 Ac ma
    2,342 words
  • Article
    Unit trusts
    144 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mm—r prima 13) (Cn—I pr ten) The Commerce.... 1 95 2.07 zd INCOME BOND 1.06 1.11 The Saving Fund 1 22 1.2# 8'pore Pro* fund orr 1.02 MARA BUMIPUTRA PUND S'pore Security Fund l.oo 2.02 First Bumlputra ferJui 2.01 I3> 2.00 S'pore
    144 words
  • Article
    In Kuala Lumpur
    1504 10 BID and offer prices officially Mated and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lota of 1.000 units unless otherwise specified. INDUSTRIALS AjmamaU (2.538 2 508). Atom (2.018 2 058) (3) 2 02
    1,504 words
  • Article, Illustration
    Heavyweights still in the limelight
    707 10 HEAVYWEIGHTS conen tW Steak Rxrlmßgo rf Yesterday's tanww of 4.00 million unite worth $8.11 milUoa Ml chart af Friday's 4.24 aailliea unite worth $o.os asflttou 9tocks huwfvw iihoifwl horizontally. They fluctooted through tho day to ftnlah from atoody to iii|htly Arm. Tho Overaea-Chiaeae Baahiag Corporation
    707 words
  • Article
    KLSE shares end on an easier note
    619 10 AN early attempt at steadying prices failed for lack of follow-through support and prices drifted to an easier close at the Kuala Lumpur Stock market yesterday. Trading was generally quiet apart from the brief surge of Interest in the first morning session as
    619 words
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  • COMPANY NEWS
    • Article
      Faltering NBT gets injection of new blood
      473 11  -  ■r DAVID CHOW NORTH Borneo Timbers has announced a revamping of Its board. Mr J.H. Glyn is resigning as chairman of the company, but he remains on its board as managing director. This follows depressing results for the year ended May 31. The
      473 words
    • Article
      COMPANY MEETINGS
      490 11 Shangri-La Hotel: AOM to be held at the Jasmine Room, Mez-dzanlne Floor, Shangri-La Hotel, 22, Orange Orove Road, Singapore at 11.00 a.m. on June 14. General Ceramics Bhd: AOM to be held at 7th Floor, AIA Building Jalan Ampang, Kuala Lumpur, at 11.30 a.m. on June 15. United
      490 words
    • Article
      DIVIDENDS ANNOUNCED
      698 11 Current payment Ex Data Books C&OM Date payable Total for the year Total for previous year Owcwrp ShangriLa St Trading Kent (F\M.S.) Tin Apollo Malakoff Gen ting F&N(cum Pre#.) K.T. Pau Matsushita Cold Storage UMW Tan Chong Males Untd. Plantations K.G. ffldga. Rosy Elect. Guinneee (M) New Serendah
      698 words
    • Article
      SCRIP ISSUES
      204 11 Company Particulars Ex Date Books CkMe Boutwdco HaafLMof GmtEiHwiUfc Miltyu Flour Straits Tradiaf 9iaHmf Chaa Pegi Malaysia M'tiaa Paadailb UmHM Seateaa Plywood RMiiii RlfhU Issue of 2 for 7 <» $1.25 per share Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Bonus Issue of
      204 words
    • Article, Illustration
      Salvage claims will give Pan Electric a boost
      1276 11  -  •y MANO SABNANI PAN Electric Industries' earnings In the current year should be substantially boosted by the determination of salvage which stood at $13.54 million at end-1977, the highest level ever in the company's history. Tnls huge amount estimated as recoverable from
      1,276 words
    • Article
      Hearing granted to MTC
      174 11 THE Malayclan High Court has granted hearing to Um petition presented by Malaysian Tobacco Company (MTC) to seek approval for the reconstruction of the company. 1 Under the scheme .of reconstruction, the MTC group Is to discharge the operations of the Singapore subsidiary company, Singapore Tobacco,
      174 words
    • Article
      United Malacca
      58 11 UNITED Malacca Rubber Estates Bhd said it sold 1.29 million shares of its 5.15 million share interest fci Cosolidated Plantations Ltd, for a total of a boat MS2.I million. It said the sale resulted ¥i a book profit of about $U5 million which would "be shown in the
      58 words
    • LATEST RESULTS
      • Article
        Oriental Holdings Bhd:
        51 11 Audited group tradiarc profit of Mfli.oe million ($6.90 million), for the y&f ended Dec 31, 1977. Gross investment Income of $130,353 (161,222). Final dividend of 9 pa? cent, making a total of JLI per cent for the year (15 par cent). Proposed bonus Issue ojM. for 2.
        51 words
  • Page 11 Advertisements
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  • Article, Illustration
    Lock icon Negative forces still sapping world growth
    1117 12 Reuter. AP NEGATIVE influences are still weakening the world economy, and In the near future, high unemployment, protectionism and sluggish investment will remain. This warning was sounded yesterday by the general manager of the Bank for International Settlement, Mr. Rene Larre writing in the
    Reuter.; AP  -  1,117 words
  • Article
    Oil price increase unlikely says Subroto
    148 12 OPEC ministers, meeting in Geneva on June 17, will discuss oil prices, but no price hike is likely, Indonesian mining and energy minister Dr. Subroto said on Monday. In an interview published in the Malaysian business dally, Business Times, Dr. Subroto was quoted as
    148 words
  • Article
    Lock icon FOREX MARKETS IGNORING HEALTHY SIGNS FOR US$
    796 12 Reuter. SWISS National Bank president Fritz Leutwiler said yesterday that he feels foreign exchange markets are still too sceptical about the dollar. He was answering questions on prospects for the US currency after it again fell below 1.90 Swiss francs for a»perlod last
    Reuter.  -  796 words
  • Article
    LONDON STOCKS
    727 12 LONDON. Mon. The market closed firm In active trading, dealers said, and at 3.00 p.m.. Mir Financial Times Index was up 3.4 at 470.3. Government bonds showed net gains of a point and more in long-dated stock while shorts rpee up to 5/8. Market sentiment continued to be
    727 words
  • Article
    Lock icon Chinese financial backing for MTR project
    154 12 Reuter. FOB tho lint tWb Chiaa la to give huriil b>drlf to ■•Iti-aUUM Mar Mim Traaait RaU"V (MTR) project. Aa MTR epahaaaMa aaM yaatardtythaßukrfCklM ud the Nu|U| P i—am daj Buk will fhre llw tian with m h—» Maat'raaproject aeeodatod with the railway. Tha
    Reuter.  -  154 words
  • Article
    Lock icon Seoul's first quarter GNP may hit $5.3b
    314 12 UPI. SOUTH Korea's gross national product (ONP) during the first quarter of this year may have reached 1.13 trillion won (about 555.34 billion) at 1970 constant prices, recording a real ONP growth rate of 15.8 per cent over the comparable period of last
    UPI.  -  314 words
  • Article, Illustration
    Lock icon Callous attitude to dollar fortunes
    297 12 APP. THE Japanese Economic Planning Minuter Kllchl Mlyaxawa criticised the United States for being Indifferent, or oblivious, to the effect* the fluctuating dollar has on other economies. Speaking to the Trilateral Commission In Washington, Mr. Mlyaxawa said Japan would meet Its goal of 7 per
    APP.  -  297 words
  • Article, Illustration
    Terms of trade move sharply against Japanese
    518 12 THE TERMS of tnile hat* moved more sharply against Japan in recedt years than against either the US or the EEC, according to new statistics collected by the United Nations Conference on Trade and Development (Unctad). The Unctad secretariat offers no explanation for
    518 words
  • Article
    Lock icon Critical factors in checking inflation
    376 12 UPI. WHETHER US inflation can be brought under control will depend on the outcome of labour negotiations late this year and food price Increase. In an Interview with US News and World Report, Mr. Barry Bosworth, director of the presidential Council on Wage and Price
    UPI.  -  376 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      112 12 INCREASE THE PROFITABILITY OF YOUR INDUSTRIAL SALES! The effective development of your Industrial Seles Managers and Executives towards achieving "Profitable' sales cannot be overemphasised. Last year. Marketing Improvements Ltd. of London conducted a three-day seminar on industrial selling which created significant local reaction. 'A highly practical programme for Singapore'. Mar
      112 words
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  • Article
    SHIPPING TIMES
    4462 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Une involved, and the estimated dates bf arrival and departure, from Singapore port t CMMrthua taaDiteh Imm t jafat Mr
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      218 13 MAERSK LINE Weekly Express Containerised Service To/From U.S.A. h or further drt.fls < .*/l Singapore *****48 KuaU Lumpur ***** SHIPPING 3 I lAN SOON SHIPPING A TRADING CO iPTh UD A -j&r. ii 1 II I Il i 1 CONTAINER/CONVENTIONAL SERVICE TO EUNOfE SPOtt FORTKELANS PENANC MOSEISTEIN 1/7 S/7 7/7
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      240 13 EVERGREEN LINE lE VERGREEN MARINE CORPORATION FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE USO ACCEPTING CAMO FOt OEM* LATTMIA. MMVT, DLOMNWU. KMMUI. ItlMKl (UtTt) I'm 'MW MM UMMt UOM fafCTiw SaEENOIESSJM IMy 14 My 17 My 21 My 24 My 20 My 77 My EVUNMDSOMC 24My 70* IOO*
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      98 13 •NOTICES m.v. "CHIDAMBARAM" VOY: 97 arrived Bth June, 1978. at P.B.A. Oodown No. 44. Oeneral Survey of damaged cargo ex the above vessel will be held on Friday 10th June, 19T8, u from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agents:-* R.JUMABHOY ft
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      13 13 SEA &LAND ACCtrnNG in DUBAI BANDAR ABBAS FOUTNIGHTLY TO MIDDLSEAST MOKIN« TIL; *****22
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      491 14 SHIPPING 9S#&SSS&SS&iX&S&SIXix, FVU.T CONTAMEMEI) TO ENQPf takilV 20/6 22/6 U/7 13/7 L»i hi 27/6 17/7 19/7 ■m»H|l»iiii 30/6 U/7 21/7 Mm far 5/7 7/7 30/7 1/1 IWitpH 14/7 Mi/7 5/1 7/1 M*>«* 21/7 23/7 12/1 14/* Wtv 2t/7 30/7 11/t 21/8 anm coMDmoiiaL to nwofc run PJMhrPn rnm 9mm M*
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      813 14 f £3 SANKYO LINE AUSTRALIA SERVICE •Um JjMM LMdwc tor. SEA BLOOM O/iM Jssi lf/» h® FK, ADCL, MEI MVFMNCt 17/11 Mmm 15/11 km MIS.SID.*I KkSTM 29/MJmmo Zl/nkm *O(,*I.SYO. DMMOMSTM 9/11W* lOt.lia.STO. BANGLADESH SERVICE HAVSKY GENERAL AGENTS .11/19 JULY 16/17 JULY CHITTAMNfi. CMALM OCEAN SHIPPING i ENTERPRISES HE LTD SINGAPORE
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      532 14 A tLAND U.SA/ ASIA VESSEL/VOYAGE PONCE V-326 GATEWAY CITY V 699 PONCE V 327 :tTY ¥700 Vessel Arrives departs .jflt 16 June 20/2 i June 27, 28 .My 4/5 (TTsuoses 5 OOP M Jmm 13 jmnc 19 time 26 My 3 MID-EAST SERVICE Lit TO DUMI.t BANDAR ABBAS 40TH FLOOR
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      822 14 Everett Lines leme Five Star SbippwiCerpe. "BURMESE NATIONAL LINE" I LOADING FOR RANGOON B F SS C Agent* m Moloyva TEPS MALAYSIA Purt Krkmg Tt( <A8)7355 Ptnonf Tal 62*41/***** /j£y-, Campmm Afyntiaa D« jflrv, »»«»<«■■ l—nd-MUI S. A. C.I.F. VJLA//' "ARGENTINE NATIONAL LINE" IOAOiNG FOR DURBAN. CAPETOMI BUENOS AMIS C
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      439 14 IARDIN I \\l I > m Orient Overseas 6o*Ud*teA Line ffl tpM PMn OtIENTM CMCT M I IV* IV* I 1/7 5/7 7/7 1/7 11/7 iwmmm m w Uj nn an wn OWNIM KSEMCHEI 2V* »/l l«/ 7 11/7 M/ 7 22/7 M/ 7 CMEWUCt MM U« V 7 V
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      691 15 «CL Overseas Containers Limited t 3 Ml US.. BAT i ri- I •rrw 3T 2C irW Australia Straits Container Line IMy 12 My 21 My 2 to* 3My 14 My 21 My 4 tat 4My IS My 29 My i ta| SatM 24 Jm SMM 21 Jm la tat 27
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      955 15 A/art servr® af Ban Line. Blue fhnnei Clen L/ne and NSMO AMERICAN PttSJDtNT LINES S'pora Skaniak Dammea Karacki Bank*) Cock.n Colombo P HARRISON IMy It July U July 22 J*y 26 July 29 jut* Jul, fcwon: lii mm ami. thmmi 2jmi7t. Crt Birrv tit mn. Luapur/P. KelMf: IJTNRIE MUTUI SNIPfIM
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      546 15 i Z2E WYKH V.352 i *n i» m M im n im r ui r~Tr rftg-ir: 1 Z-SK p*—* pc BM m. Tl. u !M| IM| tn, M -LJ Qa£VAmcoMMzm?sD?v7C2: v*.,''i.f tfrrf'n Sfttt aUUM *****4 LL KM UK *571 r. kuk an ink PCMUK KIMS MISC JUGOLDOJA EAST —RIJEKA knui
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      814 15 Scan Dutch "9 1 4.* il:i'iM: ■I i I 111 M sTi/T^H fpM» IMS P. MUKIW! OUMM la M Ml MMU nwtmi >v w luuiii a/« 3C w:ui:i=>vi- j y.uianvj Ut »»f a NMu l>M 4) !<■ SI UM (I M'm.llu P. MM| Spirt ISTAMA aIM UM mi m m
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      382 15 T GUTHRIE BOUSTEAD THE BANK LINE LTD. fwm SIM (MMhtin. MontMU Chelm. li. M. > Win l» H/1t tm S'ltn mm cmi i R Ktltnf II RVW tai Sun IVII P. KCtut S'port WW KES ORIENT LINE L > m 1 1 ITtIU LfUS (MM LMH) ILIUMTN LTKFi (Mcfe) WTI
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      879 16 K LINE KAWASAKI KISEN KAISHA. ITP DBDBDB&BSB (VU SUEZ) by Cactxacr Vtsstls S'sort P. Kit»| L.Havre Wburj Bremen R'dam A'trerj, KIENTAL CMEF NT ItlM lIJw *My My 11 My "mIkMIW 21M 22Jm 11 My 13 Mr 14 My IS My 17 My OtIENTAL ROEAKSa 2V »M MM II My 21
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      1016 16 E. C. II- S. it. ATLAITIC/B RLF SERVICE utiptiK m/w. cmuikb nee rrm. t mm. ram SingaßO»t Mieng ItUMT Ni«| -a vessel it/17 My u/a My rm 1,1, a/a My E. C. I GREAT LAKES SERVICE Ltadiag tar: MIFBU, HE* TRRR. MOIITRSAI. TOBWIITS. AWAMU. OfTRWT, CMCAM. Penang hiKM laiang S<mo«ii
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      909 16 FULLY CONTAINERISED SERVICES: n mm ma mps»ofr p.iuwf *>5 MIENTAL CMEFI .SJm 111 m 3My JJJ •EVEN SIM MMK /I Im 221 m IMy «S! «J? i? MIENTAL RESEARCNB 71 Mm SM Mv "ft "2! 2J? CHEVALIER MR SMr IM*OM»nM»»M»l«M» NEPTIK CMAL 11 My 12 My »Mr 21* >*« NEPTWE
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      659 16 HIM MALAYSIAN INTERNATIONAL SMPHNG CORPORA JON BEHHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MEO/UK/CONTINENT/SCANOINAVIA west mm faada- *r MU»| «l!l S'Mft 1) Manilas 2) Man MMrg 4) U»T| lUIMU KM NJtaM It/ t 1/ I 111 1 11/ lIUMM it/ I lirut Ml t IT/ I U 7 11/ I ruMctsu
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      630 16 INTRASrn (PTE) LTD i t KEtIUI IMtPMBINT SEMI/FILL CSNTAMI SERVICE Tl EBMPE J S'w* f. mimic Pmmr ImM tm CMUWI MM M Nrt Sa>M MM M-MrR/rRBa/AMMJ MtASIA M (6wtr. «R'R) H *M Vl akm H ■utntm Tkrw«t IVL Mr BR Aml-mMm. mm, i m mtraua rrt) lti -anri- —hhm-omt LSI
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