The Business Times, 14 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, JUNE 14, I*7B SOCENTS
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  • BRIEFLY...
    • Article
      Lock icon Another summit
      61 1 Reuter. BANGKOK, Tues. Foreign Minister 8. Rajaratnam today said there la a need for another summit of Asean leaders to review recent developments in the region. Mr. Rajaratnam said upon his arrival here for the Asean Foreign ministers meeting that many changes have taken place In South-East Asia
      Reuter.  -  61 words
    • Article
      Lock icon Papua in Asean?
      73 1 AP. JAKARTA. Tues. Papua New Guinea has expressed a desire to join Asean and will attend this week's Asean Foreign ministers conference in Thailand. Indonesian Foreign Minister Mochtar Kusumaatmadja said today. In a television interview before leaving for the meeting, the minister said Papua New Guinea, which
      AP.  -  73 words
    • Article
      Lock icon Tokyo is firm
      61 1 UPI. TOKYO. Tues. Japanese Agriculture-Forestry Minister Ichiro Nakagawa today said Japan has no plans to comply with a US request for more farm product imports. The minister was commenting on remarks made on Sunday by Economic Planning Agency director-general Kiichi Miyazawa in Washington, indicating Japanese concessions to
      UPI.  -  61 words
    • Article
      Lock icon Blazing still
      87 1 Reuter i JAKARTA. Tues. Efforts to control a huge blaze ••fit Indonesia's Arun natural gas field in North .Sumatra are making satisfactory progress but the Mre is still burning. Pertamina, the state oil com»pany. said here tonight. The blaze, regarded by experts as one of the biogest ever
      Reuter  -  87 words
    • Article
      Lock icon Japan-EEC talks
      71 1 UPI TOKYO. Tues. Japan and the European Economic Community will hold high-level consultations in Tokyo on June 22 and 23 to exchange views on various economic issues, the government announced today. International economic relations, trade problems as well as trade and economy between Japan and the EEC are
      UPI  -  71 words
    • Article
      Lock icon Moderate rise
      61 1 Reuter. LONDON. Tues. UK manufacturers wholesale prices rose a provisional 0.5 per cent in May against 0.7 per cent in April and 0.5 per cent in March while their costs for raw materials and fuels rose per cent in May. down from 1.9 per cent in April and
      Reuter.  -  61 words
    • Article
      Lock icon Deep commitment
      55 1 UPI. ZURICH. Tues. US Federal Reserve chairman, William Miller, in his first foreign public appearance. today reaffirmed Washington's deep commitment to a sound and stable dollar. T Mr. Miller, addressing more than 600 American and Swiss bankers and businessmen, said the US knows that a weak dollar will
      UPI.  -  55 words
    • Article
      Lock icon Dow Jones
      40 1 AP. NEW YORK. Tues. The market moved broadly lower today, continuing yesterday's decline. The Dow Jones average was down 4.33 to 852.39 after 30 minutes of trading. Losers outnumbered gainers by a 2-1 margin In early trading. AP.
      AP.  -  40 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      128 1 Rises OCBC 835 +50 L) Kcramat 910 +25 M BrfWffiei 540 +25 Strait* Trading 705 +20 Wcarne. 314 16 Tractors 438 14 OIB 326 14 Ac ma 188 13 Tan t'hong 283 -t-12 Nat Iron 448 10 Sin (Vw 292 +9 Foils IMW 178 -7 Oriental Hldg*
      128 words
    • Article, Illustration
      In Kuala Lumpur
      151 1 M. Brew 5.50 .70 OCBC 8 60 .55 Tan Chong 2.90 .14 P Bank 2.79 +.11 Inchcape 2.12 .10 Kg Lanjut 2.15 .10 EssoOrd 3.20 +.10 M Banking 4.16 .10 Oulnness 6 00 .10 S« Besi 6.20 .10 M Tobacco 6.95 .10 F< CCM D Keramat oils
      151 words
  • Article
    Everything clicks for Rollei S'pore
    867 1  -  PILLAR OF THE GROUP •y QUEK PECK LIM ROLLEI Singapore has become the biggest contributor to the operations of the Rollelwerke,. Franke and Heidecke camera group. While the German camera company has reported losses for 1975 and 1976. and anticipates another loss-making year in 1977,
    867 words
  • Article
    BULLS CHASE BLUE CHIPS
    293 1 THE STOCK market rose to a new high yesterday In active trading. With the bulls snapping up blue chips, the Straits Times Industrial Index rose 3.1 points on a turnover of 4.9 million units. After a surge which lifted the Index to a five-year high of
    293 words
  • Article
    Teck Chiang in two Selangor joint ventures
    551 1  -  •y FOO CHOY PENG TH£ Lion Teck Chiang group of Singapore has entered Into two Joint ventures with foreign companies in Peninsular Malaysia. One of the ventures. Lion Metal Industries with a paid-up capital of M 53.5 million, has been Jointly set up
    551 words
  • Article
    Dollar nosedives
    286 1 THE US dollar plunged to Its post-war record low against the yen In Singapore and International foreign exchange markets yesterday. But it held steady against the Singapore dollar In the local forex market under calm trading conditions. The US dollar opened at 552.3200/75 against the local unit and
    286 words
  • Article
    All five million ICB shares taken up
    282 1 THE Industrial and Commercial Bank offer of five million |l shares at $2.70 each is oversubscribed, according to company sources. The offer closes tomorrow and the shares are expected to be listed on the Stock Exchange of Singapore on July 17. Sources said
    282 words
  • Article, Illustration
    By-elections for 4 seats slated for next month
    367 1  -  •y TERESA LIM FOUR by-elections will be held In late July. Three of the four constituencies are Anson, Geylang West and Khe Bong. It Is understood that Mr. Yong Nyuk Lin, MP for Geylang West, and Mr. Ho See Beng, MP for
    367 words
  • Article
    U.S. PATENT TALLY
    100 1 SINGAPORE collected five US patents last year, according to statistics wleased by the US patent office on Monday. This places Singapore second only to the Philippines among the five Asean countries. The Philippines collected eight, Malaysia four and Indonesia and Thailand three each. Overall, the US granted
    100 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      8 1 <=@\'%/`(>;_.,`^;,'"_}*`(*"$*`? SEE BACK PAGE SKK PAGK SKE PAGE 3
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    • Advertisement
      Page 1 Advertisements Column 2
      65 1 BIRKART FREIGHT NEWS LCL CONSOLIDATION SERVICE TO HONG KONG COMPETITIVE RATES CONTINUOUSLY ACCEPTING CARGO AT 404 PASIR PANJANG WAREHOUSING COMPLEX ETD ETA NEXT SAILINGS SINGAPORE HONGKONG KITANOMARU 18 JUNE 22 JUNE KOWLOON BAY 25 JUNE 29 JUNE KASUGA MARU 27 JUNE 1 J.ULY CONTACT: MISS SHERRY TEO BIRKART SOUTHEASTASIA PTE
      65 words
    • Advertisement
      Page 1 Advertisements Column 3
      32 1 rasa SHIPPING TIMES HONDA mi u» OrlMtal Adair la BANDAR Raym CKOOSWORDB t, MKMOPAD 2. AIRCRAFT BCBKDUUK I, TV A RADIO t, RRIfITOW T, STRAWS IN THX WIND 7, SHAKE PUCKS, M
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      Page 1 Advertisements Column 4
      0 1 $\%])%@(?[!..<{=_.]%",$<[>%>)>^
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    • Advertisement
      Page 1 Advertisements Column 5
      132 1 TAllTfl LITE The desk that keeps >our accounts up to date and >uu out there earning If you're in business, imagine: Your accounts always up to date. Your invoices calculated and completed. Statements prepared. The payrolls done. Ledgers controlled. Stock records kept. All on one machine and oompleted at electronic
      132 words
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  • TRADE AND INDUSTRY
    • Article
      LCDs for clocks made here
      349 2  -  »y JOHN LIM SING APORE manufacturers of calculators and electronic digital clocks may soon be able to buy their liquid crystal displays (LCDs) locally. An American company, Printed Circuit International, plans to manufacture the LCDs here. PCI. which invested $1.5 million in a plant here
      349 words
    • Article
      TAPPING ASEAN MARKET
      65 2 THE Australian National Consolidated Ltd said its wholly-owned subsidiary, Durf Industries, is to establish a joint venture faucet manufacturing Elant near Kuala Lumpur iter this year. The Malaysian govern- ment has approved the venture. National Consolidated said it would borrow the equivalent of about Asl million (552.63
      65 words
    • Article
      Lock icon Australia-Iran trade
      317 2 AFP. AUSTRALIAN and Iranian officials have reviewed the 1974 trade agreement between the two countries over four days of talks in Canberra. The Australian delegation led by the Deputy Prime Minister Doug Anthony agreed that dry land farming, seed production. industry and mining would all be subjects for
      AFP.  -  317 words
    • Article
      Finnish firm churns out novel milk packager
      216 2 FINNPACK Company of Finland is introducing a new milk packaging machine in Singapore. The machine called the Eiecster, can sterilise, homogenise and package' milk in plastic sacks and it costs about half that of other packaging-pro-cessing equipment. The machine can process and package
      216 words
    • Article
      Squeeze on orange
      75 2 JAPAN will reject a United States demand for an increase in Japanese Imports of American oranges, Mr. Ichiro Nakagawa, Agrl-culture-Forestry Minister said. Although Japan will study the "possibility" of buying more oranges from the US, the country now has no plan to expand its orange imports, set
      75 words
    • Article
      Score goes to aid of Dragon Industries
      346 2  -  ■r WANG LOOK KEAH A GARMENT company facing labour shortage problems has entered Into a contract with Singapore Corporation of Rehabilitative Enterprise (Score) to Kvlde work for inmates of Selarang Drug Rehabilitation Centre. The company, Dragon Industries, showed Interest In the rehabilitation programme
      346 words
    • Article, Illustration
      Palm oil processing beats tin, rubber
      346 2 PALM oil, despite being one of the newest Industrie* to be introduced in Malaysia, has out-performed rubber and tin In terms of processing, Malaysian Deputy Primary Industries Minister Paul Leong said. Mr. Leong said in Kuala Lumpur that the refining Industry had since Its
      346 words
    • Article
      Lock icon Tin price may hit £7,000 mark
      446 2 Reuter. THERE Is a distinct possibility the price of tin could rise again to the £7,000 (5529.750) per tonne mark on the back of a short-term squeeze. Commodity dealer and consultant Ravner-Harwill Ltd says in its latest annual review of the world tin industry,
      Reuter.  -  446 words
    • Article
      Lock icon DIESEL ENGINE VENTURES WITH THE THAIS
      256 2 Reuter. TWO JAPANESE agricultural machinery manufacturers have been issued licences by the Thai government to produce dlesel engines for farm and fishery equipment In Joint ventures with local Interests. Kubota, together with Marubeni Corp, plans to establish a Joint venture company, 81ata Kubota Diesel
      Reuter.  -  256 words
    • Article
      NPB course on integrated circuits
      146 2 A COURSE on the uae of logical control and Integrated circuits In Industries will be conducted by the National Productivity Board from June 27 to July 27 at the Hotel Royal Rama da. The course will meet the needs of non-electronics specialists Involved In production
      146 words
    • Article
      Lock icon Toyota exports up
      130 2 UPI. TOYOTA Motor Co. announced exports of Its automobiles In May totalled 131,883 units, up 7.8 per cent over a year ago. Exports to the United States totalled 54,878 units, up 8.2 per cent; Saudi Arabia 12,082 units, up 48.1 Ccent; Australia 7,128 undown 28.8 per eent;
      UPI.  -  130 words
    • Article
      MEMO PAD
      294 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateship 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 June
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      239 2 MK introduce Sentry, the most modern consumer unit in the world. 7t "V 5 V m mmmm p i V.» V .-h St: V i-H W The new MK Sentry system is the result of a new design philosophy for consumer units. It meets today's requirements for domestic, industrial and
      239 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      450 2 CRYPTIC PUZZLE ACROBB I He flared wildly (6) 7 Not really fruit for the day &L a champion duck and swan (4) It Various plungers (6) 11 A rude thine to do In lust uss'sysu It He takes a new suit to the West End (5) 17 Deposit list, maybe
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  • OVERSEAS
    • Article
      Lock icon Spanish arena still close to foreign bankers
      847 3 NYT. CAST MINUTE lobbying by Spanish banking interests appears to be delaying a government decree that Would permit foreign banks to open branches and subsidiaries In Spain for the V. time since the civil The focus of the lobbying, according to banking industry
      NYT.  -  847 words
    • WORLD IN BRIEF
      • Article
        Lock icon HOW MUCH TO GIVE
        565 3 Agencies. tHE 36-member World rood Council, which began its fourth ministerial rfleeting in Mexico on Monday. has urged countries to tcjve 0.7 per cent of their i(voss national product to ;*lp boost world food production. •A council communique said contributions could rtech the target of 0.7
        Agencies.  -  565 words
    • Article, Illustration
      Lock icon Wednesday's scramble to end?
      588 3 Reuter. THE U8 House banking committee chairman, Representative Henry Reuss said he Is seeking an end to the weekly Wednesday scramble for funds by Federal Reserve member banks which touches off Instability In the financial markets. He wrote to Fed Chairman William Miller asking him to
      Reuter.  -  588 words
    • Article
      Lock icon Short-dated tap stock on offer
      393 3 Reuter. THE BANK of England announced the issue of a £900 million 10 per cent Exchequer stock, dated 1983, and priced at £95 (partly paid). The bank said £100 million of the issue will be reserved for the National Debt Commissioners for public funds under
      Reuter.  -  393 words
    • Article
      Lock icon Bumper harvests in USSR likely
      305 3 AP. BASED upon current Indications, this year's grain harvest in the Soviet Union could exceed 205 million tonnes, up at least 4.9 per cent from 1977 production, the US Agriculture Department sakl on Monday. If the crop turns out to be 205 million tonnes, It
      AP.  -  305 words
    • Article
      Lock icon Bid to cut down US federal spending
      1265 3 CEILING AT ONE-THIBD OF GNP Reuter. NYT. A US Republican Congressman Introduced on Monday a constitutional amendment to put a lid on government spending at no more than a third of the national Income. Representative Philip Crane Introduced his spending curb amendment as
      Reuter.; NYT.  -  1,265 words
    • Article
      Lock icon ROCKY PLEADS FOR NY
      227 3 Reuter THREE New York City kaakars arged Ceagreee to sappert federal loaa guarantee* ftTwaw York City to kelp mmt David Rockefeller at Chase Maakattaa Carp, Edward Palmer of Cltibaak and Ehaore Pattoreoa of Morgaa Guaraaty Trust Co toM the fl—to """f r —-*r-r the laaa gaaraatoee
      Reuter  -  227 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      87 3 111 11 -1 Near the new fly-over at Bukit Timah/Farrer/Adam Road junction At 4miles Bukit Timah Road, opposite HwaChong junior College. FIRST CLASS RESIDENTIAL Most ideal and luxurious split-level garden houses on hill-top land Treat yourself to the luxuriant greenery and beautiful scenery Refreshing atmosphere with continuous cool and clean
      87 words
    • Advertisement
      Page 3 Advertisements Column 2
      119 3 Ws yours 'an accounts clerk' far $390 a month The LX2OIO Logabox, Europe's largest manufacturer and supplier of mini-computers present The LX2OIO incorporating the latest in minicomputer technology while maintaining accuracy resulting in high efficiency and providing the flexibility both in speed simplicity in operating. Designed by MCS Pte Ltd
      119 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      495 4 OPENING prices In the Singapore rubber market yesterday were marked lower. Prices fluctuated uncertainly In moderate arbitrage activities, Influenced by lower Japanese advices. However, the market recovered slightly after mid-day on short-covering and trade interest, dealers said. The morning session closed slightly lower, with July RSS
      495 words
    • Article
      RAS PRICES
      339 4 r A S prices in cents per kilo yesterday: Noon Clote (per kilo) (per kilo) Buyers Sellers 225 50 226 50N Int. 1 R.S.S. prompt f.o.b. 224 00 225.00N 226 00 226 50 Int. 1 R.S.S. July 224 50 225.00 226 00 ,227.00 Int. 1 R.S.S. August 225
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    • Article
      SSR AND SMR
      113 4 NOON SSR and SMR prices yesterday: July August RAM (Currant Mth) <F« raud Mth) Buyer* Seller* Buy. in Sellers (a i e (a mtspar kg) SSR 20 <1 -ton Pallet) 210 00 212.00N 211.00 213.OON SSR SO (1 ■ton Pallet) 208 00 210 OON 209 00 211.OON
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    • Article
      Palm oil
      81 4 C.I.K. North European ports. In US dollar per ton unless otherwise LONDON: Moaday Prvviou* Malays! 1 M» ffa bulk per tonne 585 sir Augus* 590 sir Sumatra 5% ffa bulk 890slr June MO 885pd July 847 50pd 880slr August unch 605slr September 572 50pd 590sir October unch 58Cslr
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    • Article
      Closing prices
      29 4 Rubber: June 13 Singapore: July 2M.00 cants (down 0.90 cent) Malaysia: July 232.75 cent* (unchanged) Tin: Ml 1,721 (up S10) Official offering: 210 tonnes (up <8 tonnes)
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    • Article
      Hongkong comex
      162 4 THE sugar futures market closed US0.10 to 0.20 cents lower yesterday In quiet trading. Sixteen lots were traded against 19 on Monday. The Hongkong dally spot sugar price eased 0.05 to 7.30 cents, while net open positions after Monday's trading totalled 45 lots. SUOAR futures closing prices: C
      162 words
    • Article
      SPOT PRICES
      192 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20s 1,720. 32s 2.100. 40s 2.240 (per bale of 400 Iba). Piece Goods: China Butterly and Globe Brand unq, Dragon Htad una. Five Lamb* una. Flower and Butterfly unq. Flying Qeese unq (per piece 34
      192 words
    • Article
      Produce exchange
      380 4 AFTER three weeks of increases, coffee prices yesterday took a dip on the Singapore produce market. Despite fluctuations on the overseas markets In the face of conflicting reports of weather affecting Brazil's coffee crop, the local market continued to firm through the threeweek period. Yesterday's drop of $15
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    • Article
      Coffee
      424 4 ROBUSTA futures In London yesterday ended the morning opening call steady. Futures were £7 down to £12 per tonne up from Monday night's close after Initial losses of up to 130. Turnover was 263 lots. Near July lost £7 at £1,787 after trading at a low of £1,745. September
      424 words
    • Article
      Cocoa
      382 4 COCOA futures ended the morning opening call mixed. with gains of up to £8 in near July and a loss of up to t'7.50 in September 1979 in a quiet volume of 128 lots in London yesterday. Dealers said a higher close in New York on Monday night outweighed
      382 words
    • Article
      Straits tin
      219 4 THE STRAITS tin price In Penan; yesterday rose MSIO to $1,721 per plcul on an official offering up 68 tonnes to 260 tonnes. In LONDON yesterday, tin gained £92 for cash and £67 for three months standard while high grade rose by £75 and £70 for three months,
      219 words
    • Article
      Sugar
      275 4 FUTURES yesterday morning opened £0.95 to £1.80 lower in a volume of 935 including 657 on the kerb in London. This lower than expected opening reflected a continuation of Monday's decline both in official and in kerb trading, dealers said. Mixed stoploss and trade selling featured defcfings. they noted.
      275 words
    • Article
      Rice
      191 4 BANGKOK rice prices were quoted as follows yesterday: in US dollars per tonne T. 0.8.. basis Bangkok) White rk»: 100 pet Ist class 442. 100 pet 2nd class 427. 100 pet 3rd class 422, S pet 413. 10 pet 400 IS pet 3t2. X pet 3*7. 29 pet 377.
      191 words
    • Article
      Soybean
      166 4 SOYBEAN futures closed with small Rains In old crop months on Monday, but finished with losses and at the day's lows in new crop contracts. July and August finished US 3 and 2 cents a bushel higher respectively while new crop months were down 2% to seven cents a
      166 words
    • Article
      Wheat
      135 4 WHEAT futures on Monday closed around the day's lows, posting losses of seven to four cents a bushel. Increasing harvesting progress In the south-west over the weekend and forecasts of clear weather added to the weakening influence of last Friday's late retreat. Prices declined on local and commission house
      135 words
    • Article
      Copper
      376 4 COPPER wlrebarfl In London finished the morning down £1.5 for cash and £l for three months. The early pre-market was lower following the overnight New York decline and the relative strength of sterling against tne US dollar, dealers said. Three months traded at £751 Initially but recouped lost ground
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    • Article
      Lead
      94 4 LEAD yesterday finished the morning up £2 for cash and £2.75 for three months In London. Early liquidation on the pre-market reflected the dip In copper values but short-covering emerged around £316 for three months. The position recovered to £322 during early ring trading. Values subse- quently fluctuated narrowly
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    • Article
      Zinc
      98 4 ZINC finished the morning up £6 for cash and £5 for three months in London. The early pre-market rallied on fresh and chart buying which developed around £325 for three months and the position worked up to £332.5 In the ring although trading was thin at 825 tonnes. On
      98 words
    • Article
      Gold
      429 4 THE KILOBAR In Singapore opened at 5513,708 yesterday before drifting to a low of 913,648 In sympathy with the lower Hongkong market. The-market closed slightly firmer at $13,676. Spot gold for London delivery opened at US$lB2.lO/40. Liquidation in overseas markets depressed prices to a low of 8181.30/60. The market
      429 words
    • Article
      Silver
      184 4 SILVER on the LMBlost 2.8 to 2.9 pence per troy ounce on Monday afternoon. The afternoon market eased, reflecting the continued strength In sterling against the US dollar, lower New York and the decline In gold. Three months traded down to 292 pence, but picked up to 293.8 pence
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        508 4 THE US dollar opened almost 300 points lower against the yen on the foreign exchange market yesterday. Dealers said the market was speculative and the fall of the dollar is In line with general expectations of the unit's further weakening to the 210 level in the next few
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      • Article
        Asian $ and CD rates
        136 4 Asian and CD rates ASIAN currency deposit rates u at close on June Interbank 13 USDyisrsjyw) 7dljrl 7% 7H 1% 7* 1/16 711/10 S 5/16 03/16 811/16 00/16 gH 8N 12 mths SH 8w. Ft*. 0* Dm. 1 mth 1 1/1* 3 7/16 3 mths 1 5/16 J7/1I mths 111/16
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      • Article
        Discount
        40 4 RANOE of prices offered by discount house* on June 13 Overnight 3** Call deposit* 3%% CM^ 3-month Treasury Mils 31/4 3-month Bank bills 4 13/*****/16 3-month CO 413/16 6-month CD 51/11 31/> 411/16 415/16 Source: National Discount Co Ltd.
        40 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks arc currently prepared to lead to their best customers is 7 per cent.
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      • Article
        Frankfurt
        27 4 FRANKFURT exchanges openinc quotes on June 13. U8 i.OWH CM 1 8225/« 8u a.(23/«n DflHJMt srr iisjo/ss Bfr eon I 3S/3S Bfr fin .J7/JS Yen 0.WMIII
        27 words
      • Article
        New York
        205 4 THE YEN closed at a new post-war high of U50.4606/10 cents, or about 217.00 mid-point on Monday. as other currencies also rose strongly against the dollar in moderately active trading. The yen's rise reflects expectations that the currency will further be appreciated. Some operators also foresee the possible
        205 words
      • Article
        London
        158 4 THE DOLLAR extended an early decline In fairly active opening trading yesterday. The selling pressure was prompted by the yen's further advance in the Far East. Dealers said first Indications showed the dollar at about 217.25/45 yen, In line with the Tokyo close. The unit then weakened to 216.65/85.
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      • Article
        Tokyo
        119 4 THE US dollar for overnight delivery closed at 217.35 yen yesterday, compared with a 217.00 opening and 219.50 at Monday's close, after falling to a postwar record low of 216.20 yen at one point in early trading. Trading was hectic, with volume US$629 million. No central bank intervention was
        119 words
      • Article
        Hongkong
        124 4 THE U8 dollar closed firmer against most currencies amid some profit-taking In fairly quiet trading yesterday. The dollar rose to 217.40/50 yen from* 216.90/ 217.10 In New York and to 2.0610/20 marks compared with New York's closing 2.0780/95. Sterling was slightly easier at U551.8370/80 than New York's close of
        124 words
      • Article
        Euro $ rates
        109 4 Euro rates EURODOLLAR deposit rates showed small mixed movements yesterday, with day-to-day rates softening and fixed dates firming. Dealers said lenders were unwilling to offer funds on a large scale other than on a day-to-day basis, while borrowers preferred to take funds of a longer maturity ahead of a possible
        109 words
      • Article
        Australia/NZ
        44 4 AU8TRALIA/NZ exchanges quoted on June IS. A stcritnf •annum Ntoety-day sir mail tvkf mm: srsaffik e Ninety-<larK>n«ard taytn* rataa: 5fdo&» 11 Ml HEW ZEALAND Mar Una 0 5554/0 5023 DStehr 1 022S1.0U0 Ntnety-rt*r slnnafl buying rots* Aterllna 0 5710 U8 rtoiur 1 0507
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      • Article
        Zurich
        46 4 ZURICH wefamfw closing' quotes on June 12. m S^'/sOM^S" MTVmmB*? 1 rrr «i x>40 24r ntr im-TM Dkr UilMei Mkt M.MTO-M SEM Skr so.owi-esM -m Lit StMS-SKl *m Ausaeti IX.if —I tm Port 4 1430-lVU mm npatn t TTjs-rm Am 0 24-34 Yen 0X71 seas
        46 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      194 4 A Pullman Kellogg LNG projects helf new trade routes. Algerian LNG (Liquefied Natural Gas), enroute to the US. East Coast, is opening new trade routes between Africa and North America And facilities tor both producing and receiving much of this cargo neeredby m Pullman Kell T Division of Pullman Ino
      194 words
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  • TRANSPORT
    • Article
      France and UK seek stricter Channel rules
      190 5 FRANCE and Britain will propose in London this week that all tankers of more than 1,600 tonnes sailing in the English Channel must keep In permanent 'radio contact with coast guards of both countries. The proposal will be made to the conference of.
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    • Article
      LONDON FREIGHT MARKET
      106 5 US GULF-Holland grain •fates continued their vrudual easing process on Monday bulkers were concerned. •"■However, the bearish tenancy was more marked In Wward positions than for <«nna«e with prompt lav■l;»vs. Whereas the prompt good lifted 75.000 tons at ,\'SS7 (5516.10) (FIO) the bulk-oil carrier Saggat In June-July
      106 words
    • Article
      The civil aviation goldmine in Africa
      645 5  -  •y TEO TICK WENG CIVIL aviation in Africa holds great promise In fostering trade and development of new markets. The message was contained In an address to the OAU/AFCAC aviation conference In Geneva early this month by Mr. Knut Hammarskjold. directorgeneral of the International
      645 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      680 5 ARRIVALS Service Local Operator Number Time From MAS MH621 0815 PEN MAS MH607 0845 KUL JfJAS MH671 0945 PEN/KUL VHA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL CTIA GA944 1055 PKU
      680 words
    • Article, Illustration
      THE OYSTER IS YOUR WORLD
      216 5 UK boatbuiklers Oyster Marine Ltd of Colchester, Essex is to introduce two new {schts this year. Both boots will initially e exhibited in Europe, but enquiries from the Asean region will be welcome. The new yachts, fitted with Perkins fourcylinder marine dieeel engines, are the
      216 words
    • Article
      Lock icon EEC to monitor freight rates of competitors
      477 5 Reuter. AP. COMMON Market transport ministers have agreed to start monitoring shipping charges in EEC ports from next year to check on competition from outsiders. The ministers also decided at a meeting In Luxembourg on a declaration instructing ambassadors to work out with
      Reuter.; AP.  -  477 words
    • Article
      FAR EAST FREIGHTS
      749 5 SCRAP prices are holding steady. In some countries there are good vessels being sold by public auction. Cargo movements are Increasing along with T/C rates especially for vessels from 10.000DWT to 20.000DWT. More barge movements are taking place. Some cement parcels are also going by barge. 21,000
      749 words
    • Article, Illustration
      SHIPS IN PORT
      340 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (0830 44 Fujlhoshl Maru (Tanker) (1300) (Subject gas free) (P/O) 15/18 Golden Eastern (0800) (Subject freeboard) 22 John Bakke (after Strathardle and Ibn Hayyan) 38/39 King Dragon (0800) 24 Krltl Diamond (0500 after Kota Maha) 10/11 La Plata Maru (after Pulawy)
      340 words
    • Article
      Lock icon Port congestion in Argentina easing
      245 5 Reuter. OFFICIAL and private sources In Buenos Aires said the congestion affecting grain carriers at Argentine ports is easing, helped by speedier shipments of grains and oilseeds. Figures released by the Argentine Orain Board show shipments In May reached an all-time high of 2.3 million
      Reuter.  -  245 words
    • Article
      Lock icon PanAm
      35 5 Reuter. PAN American World Airways said it has proposed an advance purchase excursion fare at savings up to 36 per cent off normal economy rates In new "apex" fare markets in the Pacific. Reuter.
      Reuter.  -  35 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      19 5 SINTAT Rent-a-Car SINGAPORE AIR TEL *****5 CITY TEL *****55 all US f Or you l local onward reservations --17
      19 words
    • Advertisement
      Page 5 Advertisements Column 2
      176 5 AUSTRALIA and SOUTH WEST PACIFIC PAPUA NEW GUINEA FU, NEW ZEALAND VND At Bank of New South Wales we really know this area...we should... we've been here for 160 years and are the largest commercial, finance, investment and banking complex in the region. So if you need advice, guidance or
      176 words
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  • Article
    Lock, stock and barrel shift to Singapore?
    472 6 SHOULD ROLLEI planners look towards the transfer of the entire group's operations to the Republic? Once in a long while such a question arises to stimulate the imagination of industrialists. In the case of this Oerman camera manufacturer, the possibility of such an
    472 words
  • Article, Illustration
    Lock icon Boots and Coots—cowboys who tame wild oil wells
    967 6  - Boots and Coots —cowboys who tame wild oil wells THE OIL industry hai bred a new kind of Texan hero, the type that tames wildcat oil wells, blowouts and biases rather than bucking broncos. The South-east Asian region has juet had a taste of his etyle with the arrival last
    FT  -  967 words
  • Article, Illustration
    AND SO TO 1990 . . .
    1283 6  - AND SO TO 1990 By KADIR JASIN in Kuala Lumpur ALTHOUGH Malaysia ranks low in the league of oil-producing nations occupying the 30th place in terms of reserves its supplies are nevertheless an important element in the global energy picture. In 1976.. minor producers, Malaysia included, contributed some four million
    1,283 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      225 6 Pi V W^Wi'^vE ■•'m 1 <-• fc 4 *f V r~» wrffi A&r«v» 5 t «»m*S T »3---a m aC-'i V! i# s Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quality product from fl9| Havelock Road B"pore 3. Tel: *****1 ion
      225 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 OUTLOOK for Singapore from 6a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 p.m. on June 13 at the airport: Maximum Temperature 32.2° C Associated Humidity 50 Minimum Temperature 23.9° C Associated Humidity 98 Hours of Sunshine 5.96 Rainfall in Millimetres trace Total Rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      273 6 fMHRKOIS SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies The Clampetts In New York (Repeat) 0 3.25 Diary of Events (Malay)* 3.30 Bonanza The Horse Traders 0 4.20 Intermission 6.00 PM Opening announcements followed by December Bride Masquerade Party 6.30 News in Brief 0 6.35 Wild, Wild
      273 words
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  • Article, Illustration
    Lock icon SLIMMING THE CORPORATIONS
    1238 7  -  tY LESLIE BENNETTS NTT they LOOK so dignified as they aign in, so distinguished in their impeccably cut pin-stripped suits, 96' well groomed from the .lops of their silvered heads to the tips of their flawlessly shined shoes. But within minutes, all will change. The threepiece suit
    NTT  -  1,238 words
  • Article
    STRAWS IN THE WIND
    408 7 CORPSE COLLECTING the new industry in Indonesia. was reported in this column yesterday. Now I hear that skeleton-snatch-ing is already big business In the Indian states of Bihar and West Bengal. Ghoulish crimes have been committed heads severed from bodies in police morgues, for instance in
    408 words
  • Article, Illustration
    Lock icon Wheel of fortune stops spinning for Las Vegas
    558 7  -  •y ARTHUR SPIEGELMAN Reuter THE CASINOB of Las Vegas, where fortunes have been won and lost on the spin of a roulette wheel, have lost part of their claim to fame. Until the end of last month. Las Vegas, In far off
    Reuter  -  558 words
  • Article
    Ask not for whom the taxman comes...
    868 7  -  romm r ...on taxation L •y RUSSELL BAKER Russell Baker is the New York Times humorist. THE INJUSTICE Of property tax Is that It is a tax on potential wealth rather than real wealth. Let's say you are a well setup young man
    868 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      363 7 3 TODAY OKOH Lunch at *4* m > V •I i; 9 3 branches for your convenience: SINGAPORE OKOH Supreme House. Penang Road, fei 32 7661 OKOH OF G'NZA Hong Leong Bidg Raffles Quay Tel *****81 KAT SURA Orchid inn. Dunearn Rd Tel *****2 Enchanted evenings in fine European tradition.
      363 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Stocks weaken
      545 8 TOKYO Source: DBS-Daiwa FORERUNNERS. Including some pharmaceutical and export-related Issues declined sharply yesterday due to the appreciation of the yen. Stocks in general weakened, although some incentivebacked issues and speculative issues were selectively bought. Although It opened firm, the market turned bearish centring on blue chips such as
      Source: DBS-Daiwa  -  545 words
    • Article
      Lock icon Hongkong
      384 8 Source: SHK Sec. DESPITE the reversal seen on Monday afternoon, the-market •wd to open on a firm note yesterday following some lggressive buying by London brokers overnight. Even so. the market was a little nervous and sellers began 10 drift back. Turnover was unusually high in the morning following
      Source: SHK Sec.  -  384 words
    • Article
      Sydney
      325 8 THE market yesterday closed higher with some stocks at the year's highs, particularly In the mining sector, dealers said. Western Mining gained 10 cents to $1.69 aided by Its recent copper find In Victoria. Prime Minister Fraser's European trip a'so boosted uraniums where Pancontinental advanced 50 rents to 515.50
      325 words
    • Article
      Manila
      121 8 THE market yesterday closed mixed with commercials gaining slightly while minings and oils declined, dealers said. Turnover rose to 6.71 million pesos from Friday's 5.34 million. JUNE U Pesos Acoje Mining 0105 unch Atlas Con A Atlas Con. B 16 00 -0.7 Baguio Oold 0082 -0.0002 Benguet Con. B
      121 words
    • Article
      Bangkok
      195 8 THE market yesterday closed lower, with moat prices falling and the Book Club index down 0 60 of a point to 185.73 In a 58.6 million baht turnover, dealers said. Slam Cement and Slam City Cement lost two baht to 480 and 494 respectively whUe Jalaprathan Cement dropped one
      195 words
    • Article
      Selected indices
      64 8 FINANCIAL TIME8 INDUSTRIALS Monday 472.2 Friday 466.# Week Ago 474.5 DOW JONES AVERAGE INDUSTRIALS Monday 856.72 Friday 858.23 Week Ago 863.83 LONDON DOLLAR PREMIUM Monday 113H to 114 Friday 112*. to 113*4 H.K. HANG SENG Tuesday 513.77 Monday 6 12 52 Week Ago 488.72 SYDNEY INDUSTRIALS Tuesday 427.89
      64 words
    • Article
      Lock icon Is Conair's product drying up?
      680 8 NYT NEW YORK: The Conalr Corp. reported earlier this week that its first-quarter earnings had dropped dramatically to US2 cents a share from the 29 cents reported a year earlier, and some analysts wondered if the appeal of its consumer product was about to fade.
      NYT  -  680 words
    • Article
      Generally mixed to easier
      153 8 El 'A'"/'/•;,! .V .1/.4 UKETS 4 EUROPEAN bourse* closed generally mixed to caster to Morula*. In AMBTERDAM. share prices weakened In quiet trading following erratic tendency In Wall Street, dealers said. Turnover on the European Options Exchange nee to MS contracts from 746 on Friday, led
      153 words
    • Article
      Amsterdam
      220 8 JUNE 12 FU ♦AABN 366 00 41.5 Ahold 107.50 •1 Akao 30 00 -08 AMEV MM -I Am (an 114 00 +0.2 Smro t Bank 74.60 ♦0.0 Brrgosi 62.00 -1 Berk 90 80 ♦0.3 BoU 74.50 -1 BonumlJ 183 50 ♦0.5 Burhmann 74.00 unch Byenkorf 91.00 -1.2 Calve Delft
      220 words
    • Article
      Paris
      262 8 JUNE 12 Frs CORBEILLE Alr-Uqulde B S N Gervals Danone C8F (ThomjonCW> Cte Francalse desPetrotes Compagnie Financier* Compagnie Gene rale Credit Fonder De France Hachette (Ubralrte) Machines Bull Mlchelln(B) Paribus Pechiney CI fine Kuhlmann Peugeot' PhlllpalNvOem Beat) Pnntemps S A Rhone-Poulence SA Royal Dutch SueWCle Flnan Del Thomson-Brandt Uslnor
      262 words
    • Article
      Milan
      101 8 JUNE IS Lire 4-/-Ante 96 25 -2.5 Assoc On ***** -70 Baslogl 463 -13 Centrale 3115 -10 Flat 1814 -18 FinsKler 99 -1 Qen Immob 73.SO -I I Ft Prl 2191 ♦7 Italcementi ***** -49 Itaigas S9f -8 Italslder 186 25 -5 Mafnetl MPI 483 unch Marelli Ere 287
      101 words
    • Article
      Frankfurt
      214 8 JUNK 12 Dm Aef-Telefunkeri 82 80 -1.7 Akzo 28 80 -0 4 All* Leben All* Vers 471.SO -1.5 BASF 140 -0 3 Bay H T Wbank 278 Bay V bank 312 Bayer 140 -0.5 BBC 291 1 BMW 241 SO -1 Cawella 350 -3 Chem Verw 242 90 -1.1
      214 words
    • Article
      Brussels
      93 8 JUNE U Fn FORWARD MARKET Am290 4-1 Arbed 2436 -25 Astur 600 -12 Brascan 488 J Bru-Lamb 1500 unch Canpar S68 unch Cock 471 -13 Df Be*r* 170 unch Ebes 2250 10 Elwtrobel 6480 unch Ob-Inno-Bm 2040 unch Of* 1288 -12 Hobok 2395 50 Prtro 3865 65 Ryl Dutch
      93 words
    • Article
      Zurich
      182 8 JUNE 12 Francs Actions Sulsaes 262 -IS Alusulsse Br 1269 unch AlusulsseReg MM •3 Brown Bovert Br 1625 -10 Cite Oelgy Br 1135 unch Clba OelgyPC 825 -10 Clba Oelgy Reg Ml -3 Credit Suisse Br 2180 4-15 Credit Suisse Reg 406 -2 Elektrowatt Br 1710 -10 Oeorge Fischer
      182 words
    • Article
      Jo'burg
      372 8 GAINS across the gold board on Monday outnumbered losses by two to one In quiet and thin trade. Dealers said gains of up to 25 cents were seen, with most Interest in marginal and specula,tlve issues. Mining Financials were unchanged to higher in line with producers. De Beers gained
      372 words
    • Article
      Shares ease in active trading
      1158 8 NEW YORK INVESTORS remained cautious on Monday after last week's report of a sharp U894.2 billion rise in the US money supply and prices eased In active trading However, analysts said despite the money growth there was no panic selling. Investors may prefer to await
      1,158 words
    • Article
      Toronto
      353 8 ShAre prices closed narrowly higher In active trading on Monday. Weakness in the heavily weighted metals group pulled the Composite index fractionally lower but eight subgroups advanced, with oil and teas up more than 10 points. Gains led lones 238 to 202. Canadian Vlckers rose 1-1/2 to 32-1/2 and
      353 words
    • Article
      CHICAGO BOARD OPTIONS
      1020 8 June 12 VOLUME on the Chicago Board Option* Exchange totalled 110,571 contracts, off slightly from 118,165 contract# on Friday. OPTION JLY OCT JAN STOCK Alcoa 40 01/2 UNTRD 441/2 Alee* 45 115/19 31/1 4 441/2 Alcoa SO 1 5/8 1/2 21/2 44 1/2 Am Tel 55 UNTRD
      1,020 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      236 8 Salesmen: Get more results e DEVELOP MORE SELLING CONFIDENCE CLOSE MORE SALES f n r INCREASE YOUR PAY CHEQUE Every aoeeion at Ihe Dais Carnegie IdM Couroe Mm* over wtth practical down-to-earth ooNlng tool* that y«w can km in H«y call you make. Tht Course loechoo motivational ooMlng In a
      236 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Tooth beer division disappoints
      249 9 r i ASIAN 4 TOOTH and Co Ltd announced audited consolidated operating profit of At 14.12 million ($12.09 million), for the year ended April 1 on sales of 1227.94 million ($158.45 million). Profit is after tax of $9 million (9.98 million), depreciation of $7.78 million ($8.19
      249 words
    • Article
      Lock icon Pioneer Sugar profits plunge
      172 9 Reuter BRISBANE: Pioneer Sugar Mills Ltd reported a sharp drop in audited consolidated pre-tax operating profit to A 5470,000 from $9.09 million in the year ended March 31 on revenue lower at $85.18 million ($105.28 million). A $794,000 tax credit lifted" after-tax profit to $1.26 million
      Reuter  -  172 words
    • Article
      Lock icon Kawasho to form joint venture in Nigeria
      127 9 Reuter KAWASHO Corp said It reached an agreement with Kenya's Steel Africa Ltd to form a Joint venture in Nigeria to manufacture galvanised iron sheet. The Joint firm, called Rolled Steel Products Ltd, will be capitalised at about 320 million yen. Steel Africa's
      Reuter  -  127 words
    • Article
      Income up at ICI Australia
      103 9 ICI Australia Ltd announced unaudited consolidated operating profit of A 521.58 million ($18.87 million), for the half year ended March 31 on revenue of $386.91 million ($384.14 million). Profit is after tax of $8.84 million ($9.30 million), depreciation of $13.53 million ($12.75 million) and interest
      103 words
    • Article
      Lock icon Chisso gets order
      71 9 UPI. CHISSO Engineering Corp, of Tokyo has received a US$5OO,OOO order from Italy for submarine pipeline facilities, it was announced. Anomlna Petrol Itallana. Italy's largest private oil refiner and distributor will install the Japanese corporation's skin electric current thermo plants In a four kilometre sub-marine pipeline section,
      UPI.  -  71 words
    • Article
      Smart Shirts increase
      53 9 SMART Shirts Ltd announced net profits for the year ended March 31 of HK$l5.9 million ($14.16 million). Final dividend was $1 (same) making total of $1.50 (same). The company proposes a free scrip issue of one for 10 and forecast a maintained dividend on the enlarged capital
      53 words
    • Article
      SOUTH SEA
      32 9 SOUTH Sea Textile announced that negotiations are taking place which may lead to the sale of a substantial part of the company's land holdings. Trading is suspended until further notice.
      32 words
    • Article
      Breakeven likely at Campbell Industries
      373 9 IN a series of related announcements, Campbell Industries, a shipbuilding concern that has been trying to work itself out of past financial difficulties, said it has restructured its and trade debt and received an increased bank credit line. The company also sakl it expects to
      373 words
    • Article
      Lock icon Pet files against IC Industries
      233 9 Reuter PET Inc. rejected a US$4OO million merger proposal from IC Industries Inc. and also filed suit against the company to block any attempted takeover. Pet said the offer from IC the old lllnols Central Railroad of $54 for each Pet share was "not In
      Reuter  -  233 words
    • Article
      Krupp Huettenwerke first quarter loss
      446 9 EUROPEAN FRIED Krupp HuettenWerke AO made a slim profit since March although it still registered a loss over the first four months of 1978, retiring management board chairman Robert Mlntrop said. The return to profitability followed a recovery in prices especially due to EEC measures,
      446 words
    • Article
      Peugeot Citroen still optimistic
      124 9 JL PARIS: Holding company PSA Peugeot Citroen said 1978 should be a year of consolidation for the two companies Automobiles Peugeot and Automobiles Citroen. In the report to shareholders, the company said this was in spite of rising costs resulting especially from higher steel prices and
      124 words
    • Article
      BAT moves to smoke out British rivals
      991 9 PRICE Increases on most cigarettes produced by Carreras Roth mans, which now claims more than 14 per cent of the UK market have been announced. The move comes as British-American Tobacco is offering heavy discounts on its State Express 555 brand in its
      991 words
    • Article
      Societe Generate expands Canadian operations
      176 9 THE affiliate of Socfeto O—srais. Fium'i flee and mads nharthatHto 111 ii!■!■! KUjT-tMH Ca aadlea trust buk. This will k* f tar foreign hsaktog (ptrttei la Cauda, under Ikt prunaii new Buk Act. Foreign banks willktakla to bee—i fully chartered with a Budaui of fir*
      176 words
    • Article
      Cons Ed rating raised
      99 9 STANDARD and Poor's Corp said it has raised the rating on all outstanding first and refunding mortgage bonds of Consolidated Edison Co of New York to single A from single "A" minus. It also increased the rating on the outstanding preferred stock to single "A" minus
      99 words
    • Article
      Lock icon Cadillac gearing itself towards the younger set
      1041 9 r N.AMERICAN h 4 NYT DETROIT: Hefty price tags still scare away the average buyer, but Cadillac, car maker for the carriage tiade, says its buyers are pttlng younger, nearly 10 ydars younger. In good part, it has Congress and Mercedes Bens, a
      NYT  -  1,041 words
    • Article
      Lock icon FORD MODIFICATION OFFER
      153 9 Reuter FORD Motor Co. said it will offer to modify without charge to owners about 1.5 million subcompact cars to reduce the risk of fire from rear-end collisions. Ford did not disclose the cost of the protect and said the modifications will be made on 1971-78 Ford
      Reuter  -  153 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      41 9 cow* 1 ihtebHH! «Sr^"*sS Handling an 23rd Apn l 19 ExWb nt ema«onal Builders I l7 r^Nov?9T9 I Equ\p^ 29th Dec 1979 K 15 l^ Ma, 'Sf Equipmentt 01 2 ib U.on inhibition of Modern ,nW,nat '%o^ nt Changkat P aviiionKdalaUu<npu;
      41 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1403 10 U> mi onr prteee offldanj baud and bttetoem m and reported to tfte Stock Eachen«r of Stnnpon jmtwrday «Mh ttie miniMrofSane traded dwtu in breduta tn VoU of 1,008 untta anieei otherwise neUtd. All Time gattlntmCHMeU an poUil ite Um toU "eett." Big Board deal (In lota at
      1,403 words
    • Article
      Government and corporate bonds
      128 10 4 3/4% Ift/VOO (200,000) (100.808 100.008) 0 0/4% 1/12/00 (280.000) H •JOB) T f 11/4/01 (280.000) (100.008) 0% 10/4/01 (030.000) (100 JOB 100.758) 1% T F WIVBI (280.000) (100.208) 0% T P 1/0/00 (280.000) (100.468 100.808) V«% T P IWOI-04 (OOOjOOO) (102.008) 7% 10/4/00 (200.000) (100.008
      128 words
    • Article
      Stock options
      67 10 BTRUCINO price* of the Mock options officially Ustod on the Btock Exchange of Singapore, the periods, bid and offer prlcM and business done yesterday, with the number of options traded shown tn brackets C sai C (Sept O2J0) (2.TOS). Paa Electric (Sspt 0140) (0J7B) Sim* Darby (Sept 5240
      67 words
  • Article
    SHARE INFORMATION SERVICE
    2417 10 1978 High Low Company Last Sale +erGr's Dhr Dhr C'rr Gr's Y'ld Net P/E Vol (*000) Day High Lew SECTION ONE INDUSTRIALS 189 214 172 225* 83 215 235 V 210' 478 432 132 123* 112 195* 60* 162 173* 140' 256 394 Ac ma Alcom AHled
    2,417 words
  • Article
    Unit trusts
    152 10 SINGAPORE UNIT TRUST INCOME BOND UNIT v Wmmtm w pn«« far Jmm »M> ICnil w ■torn) The Commerce I N 2.09 xd INCOME BOND 1.06 1.11 The Saving rand 122 1.9 Spore Prof Fund 0.M 1.03 MARA BUMIFUTRA FUND S pore Security hmd l.W 2 02 (NUifn prion
    152 words
  • Article
    In Kuala Lumpur
    1619 10 BID and offer price* officially listed and business tn and reported to the Kuala Lumpur Stock Enhance yesterday with the number of shares traded shown in brackets In lots of 1,000 uniu unless otherwise specified. INDUSTRIALS AMM (1.8XB) CD. A|lnenaete (2.458 2.SM). Almm (IMB 2.878) <1) S
    1,619 words
  • Article, Illustration
    Blue chips make good headway
    792 10 BETTER g aaHty itMki ramped M to tctint* market wkick had kn wnMittt ytkUy for the laat four waaka Volume niched up en the Slack It«kai|a /4f Singapare yaatarday wHk 4.01 itlll— (torn wartk f 12.47 arfllioa trairi Tkia compered with Meaday'a taraover af 4.00
    792 words
  • Article
    Trading on KLSE still lacklustre
    517 10 LIGHT support In selected Issues made for a slightly steadier close at the Kuala Lumpur Stock Market yesterday. Conditions were generally quiet and dull with market operators still displaying a tinge of caution. As a result, trading was scattered while volume remained small. The bulk
    517 words
  • Article
    Piran buys more Monk stock
    126 10 TIN mining and property development group Saint Piran has acquired a further 190,000 shares in A. Monk and Co., taking its total stake to *****,000 shares or 19.96 per cent of Monk's capital. Piran can bdy only a few more shares vlthout triggering a takeover
    126 words
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  • COMPANY NEWS
    • Article, Illustration
      Sin Heng Chan braces for a profit setback
      825 11 KEEN competition in the feedmilling industry and popr farm produce prices may have a dampening effect on the performance of Sin Heng Chan (Malaysia) this year. This forewarning is soUnded by the company chairman. Mr. Eng Llat Kiang. in the latest annual
      825 words
    • Article
      DIVIDENDS ANNOUNCED
      737 11 Current Ex Books Date Totahfor Total for payment Date close payable the year previous year Seacorp 25% May 16 May 27 Jun 14 40% 35% Shuiri La 15%(b) May 24 May 31 Jun 15 15% 15% St Trading 18%(n) May 31 Jun 7 Jun 15 30% 30% Kent
      737 words
    • Article
      SCRIP ISSUES
      209 11 Company Particulars Ex Date Books Cloee V t t. u J t I Hone Leoo| Great Eastern Life MtlajruFlw Strait* Trading Sin Hs«g Chan PsgiMalaysia M'tian FMdmilk UmHN S«mto— Ptyweed SymtJMtic IhIm Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Bonus Issue of 1
      209 words
    • Article
      Genting undecided on H&C bid
      180 11 GENTING Highlands has not yet decided whether to accept the controversial Harrisons and Crosfleld bid for its major stake in Harrisons Malaysian Estates. Harrisons announced last week that Its one-for-flve share offer had resulted In It holding 59.17 per cent of HME (including Its stake
      180 words
    • Article
      Metro group enlarged
      116 11 METRO Holdings has announced the addition of two Malaysian subsidiaries to Its group. Metrobllt Construction, a wholly-owned subsidiary of Metrobllt, has been formed to take over the latter's activities in the building and construction industry In Malaysia. Metrobllt Is an 85 per cent-owned subsidiary of Metro. The
      116 words
    • Article
      RUBBER OUTPUT APRIL 1978
      83 11 Kilograms Austral Enterprises Benta Plantations 13,008 103 000 Castlefield 141 078 Consolidated Plantations Glengowrle 1,383,000 24 041 Golden Hope 088 033 Holyrood 58 514 Hongkong (Selangor) 10,329 Inch Kenneth Kajang Kempas (M) Kllllnghall (Rubber) Klnta Kellas Rubber Kuala Selangor 68,872 376,000 19,058 170,563 45 MA Kundong
      83 words
    • Article, Illustration
      Honda gives a lift to Oriental Holdings
      607 11 ORIENTAL Holdings, which, boosted pre-tax profit by 45 per cent to MSS million In the first half of last year, continued Its winning streak in the second half to put the full year's earning at $11.21 million' by far a record level for
      607 words
    • Article
      M'wata to ensure steel supply
      339 11 I'HE "shortage" of construction steel bars In Malaysia is an apparent one, due mainly to speculation on the part of certain parties, Tunku Da to' Shahriman Tunku Bulalman, the chairman of Malayawata Steel Bhd., the leading supplier of the material in the country, said. Commenting
      339 words
    • Article
      COMPANY MEETINGS
      539 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
      539 words
    • Article, Illustration
      Bandar Raya on recovery path
      522 11 PROSPECTS at Bandar Raya Developments look brighter this year. It is likely that profits will not soar but shareholders should be able to look forward to sustained growth In the current year. The company's move Into middle Income housing has paid off. Previously, Bandar specialised
      522 words
    • Article
      LATEST RESULTS
      42 11 Hytas Ltd.: Unaudited group lon of 9213,986 (lo« 1929,499) for half-year ended March SI, 1979 on turnover of 92.51 million (92.56 million). company km of $145,106 (loas 9740.066) for half-year ended March 31,1979 on turnover of 92.91 million (92.99 million).
      42 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      48 11 If business you wish to transact With diplomacy, reason and tact, Fosters is the venue For a fine interview Over dinner, a drink or a snack (OSIERS ORIGINAL LONDON RESTAURANT 25A. Amber Mansions.Orchard Road, Singapore 9. Tel: *****6/*****9. Fosttrc Smokehouse Hotel, Cameron Highlands SLEEPWELL MAGNETIC PILLOW TEL *****56
      48 words
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  • Article
    Lock icon Borrow to defend US $
    1107 12 Borrow to defend US UPI, NYT. THE CARTER Administration was urged on lionday by a top European banker to back Its economic policies with "hard cash" by borrowing substantial quantities of foreign currency abroad. Theee funds could then be spent defending the dollar on foreign exchange markets against any new
    UPI,; NYT.  -  1,107 words
  • Article
    Lock icon Opec's 1977 current account surplus drops
    213 12 Reuter. THE COMBINED current account surplus of oilexporting countries fell by US$6 billion last year to $34 billion (or by SSI4 billion to $78 billion), the Bank for International Settlements said. This was accompanied by increased borrowing by a number of them on international
    Reuter.  -  213 words
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    JURONG TOUR FOR GASTONS
    257 12 LUXEMBOURG Prime Minister Oastons Thorn will meet officials of the Jurong Town Corporation and the Monetary Authority of Singapore today to get a better understanding of the nation's economic issues and problems. He will tour Jilrong Town and hold talks with Mr. Teh Cheang Wan, chairman
    257 words
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    Lock icon OECD job charter
    286 12 Reuter. FOREIGN and finance ministers of OECD nations will be asked to adopt a controversial charter committing them to drop selective Job protection schemes when economic growth picks up. Informed sources said the idea Is to prevent back-door protectionism In the shortrun and long-term waste of economic
    Reuter.  -  286 words
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    LONDON STOCKS
    757 12 LONDON Tues. Prices closed mixed in quiet trading, dealers said and at 3:00 p.m.. the Financial Times Index was up 2.1 at 474.3 Government bonds were fractionally easier to unchanged in places after being as much as point lower earlier In the day. Operators are hesitant ahead of
    757 words
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    UNION OIL, THAILAND ACCORD ON NATURAL GAS PRICE
    200 12 NEGOTIATORS for Thailand aad the Uaioa Oil Co. hare panii the last obstacle to iwlijli a hafi flokl ot aataral gas that coald change Thailand's enThe negotiators ipud that Thailand would pay a wellhead prise et US$l.O4 (SS3.2C) per 28 cabic aMtrss,
    200 words
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    Lock icon Stress on rural progress
    133 12 Reuter A 34.4 billion peso (8110.7 billion) national budget emphasising increased rural development will be submitted to the Philippine Interim national assembly today. The budget for calendar year .1900, an Increase of 4 billion pern over this year's budget, will be the first business of the
    Reuter  -  133 words
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    Lock icon Mixed bag of topics on Asean agenda
    828 12 Reuter. FOREIGN ministers of the five Asean countries gather today in Pattaya, Thailand, for a three-day meeting to discuss economic Issues and to review recent major developments in the region. The flare-up of the Cambodian Vietnamese border conflict, relations between Asean's noncommunist members
    Reuter.  -  828 words
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    Lock icon Taiwan relaxes curbs
    254 12 Reuter. AFP TAIWAN has relaxed some of Its foreign exchange controls in a move to check inflation, the central bank said. One of the measures, effective from Friday, will expand the range of industrial raw materials currently imported with central bank financing to Include nickel, aluminium, copper,
    Reuter.; AFP  -  254 words
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      56 12 SHIPPING APPOINTMENT "Required: By large International Forwarding Agent: an experienced Shipping Personnel familiar with all aspects of shipping procedures. Age over 23 years. Please write to BUSINESS TIMES BOX NO: 5249 giving full particulars, up-to-date career record, qualifications, salary required, contact number and recent non-returnable photo. Replies received after June
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      84 12 i reac*** 10 TUV>«PP en 7L\tWa^oo tr o* G «<*•* i»K«» 7 22 SgsS2S»S«S!S&Sr ott SlrtW« °'^Jrfe<°< ,C »> '"P o to *fL 0< J. Of But** 1 U^-T-TTTTTT I II I I Fadaral Publications MM Ordar Division Hmt Industrial Road. Singapore 19 Maepharaon Road P.O. Box 78 Singapore 13.
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    SHIPPING TIMES
    2971 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following Hit tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port t Canrttow SoaOiteh hu a Mat asrvie*
    2,971 words
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      384 13 rM i it in rortnigntiy Direct Express Service Europe/Straits Singapore: *****4b Kuala Lumpur ***** Port Kelanfc: *****0 Pcrwnt; ***** 1 SHIPPING SHARJAH SHIPPING CO LTD Lr~ jNi'to :RAB t M s-'ts n .tNS-i v p i-,fv I SMfIRJAH SHIPPING iS P*t ITO o*l fNTSI SHIPPING CONORS''O» \v«h floo' Hheng Hoc
      384 words
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      179 13 S Seatrain Trans-Pacific Cen Full Container Service To USA FEEDER VSI SPO* MOTHER W HK OM U 6UIF |/C A VESSEL IS/t Sotraxi C«kmi 21/ C 11/7 1/7 17/7 HP *#tl 17/1 f*|i 2/7 31/7 Full Container Service From USA MOTHER VSI i/C GULF OM U H« FEEDER m SPORE
      179 words
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      279 13 e EVERGREEN LINE 'EVERGREEN MARINE CORPORATION' FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE •UO KtOTIHC CMOO FOftCONM. LiTTMU*. KNVT. ftOMMM. KUH/l, IttfOCl (MM) S'PM'MM NrtM Umwl N» -r i!m CKEN ItOSIIK IW) 14 Mr 17 My 21 Mr NM| "li'llr" 27 Mr raiHMOSOKMMv 7fe| Ntai 13 tat 17
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      245 13 CONTAINER/CONVENTRMAI SERWCE TO EMNPE rrm ronauNp pemm L o tt SOfHK MCXMEB I IS/8 17/S fl/l SUW, MHO. MW, tt Mm nou It/I a/1 M/I SumuSt. ST r cwnwuH/cownimoMi serwce rm eubope bmumbbb rttafMi 1«/S 21/5 15/5 l(/l IS/C M/ 5 in 2/7 ,T,T2i :IIH I« MM 1/1 Kl *****1
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      108 13 n SEA LANO ACCENTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TEL: m.v. "VISHVA BHAKTI" VOY: 24 arrived 10th June, 1978 at P.B.A. Oodown Nos. 38/39 Oeneral Survey of damaged cargo ex the above veeael will be held on Prlday 18th June. 1978. as from 9.00 aim. to
      108 words
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      588 14 SHIPPING M* 13/4 10/7 MmM 30/4 2/7 31/7 i MmUI 14/7 11/7 14/1 ■SnnPUM 31/7 12/5 a/l FULLY CONTAMGBSED TO WA/CANAOA 11/7 14/7 13/7 15/7 20/7 7/» 10/* 2/8 5/1 5/« 24/0 22/1 10/1 17/4 14/4 1/9 9/4 4/9 2/9 21/1 9/9 14/9 5/9 7/9 12/g a/4 19/4 Dm, 22/4
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      757 14 Q SANKYO LINE| AUSTRALIA SERVICE lUw town SEARLOOM 17/11 Mm 11/21 Jnt nK.MB.KI othmce 17/ it km 15/11 Jmmms.sib.kl THREE STAR t»/Xkm V/*km WC.KI.SrO. THREE STAR MAMOMOSTAR 29/31 Am Tt/ntm MC.KI.nD. 1/11 My l/SMr IK.KI.STO. BANGLADESH SERVICE .18/19 JULY IS/17 JULY CMITTAGOWt,CHALBA OCEAN SHIPPING 4 ENTERPRISES PTE ITD SINGAPORE TEL
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      418 14 SEA «L4MO U.SJL/ ASM SERVICE I', A i., < i ,ii J ■■■MM VESSEL/VOYAGE Vessel Amve/departs j«H 16/17 PONCE V-326 j-I«/" GATEWAY CITY V 699 PONCEV327 GATEWAY CITY V7OO **4/s CF 500 P.M. JM U Mm* It Jwn2C My 3 LTL TO DUBAI BANDAR ABBAS I ini iTi 1 n
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      626 14 If— Rvtitar SrippiafCarpa. "lURMESE NATIONAL LINE" LOMW rat MMHi B F.S.SC. AgMt in Motayiia TEPS MALAYSIA Port K«kmg Tal (3D-7355 Sngng T«l: *****/6736? **AR6 ATIOM L^INE" PATAGONIA AMENTUM U IHAniBC fOi nISZt »/3MS| "MEXICAN NATIONAL LINE' FM EAST/MEXICO i COTM. AMEMCA LOADING FOR ENSENAOA RMWAMMIO. JCAfWICO, ACAJUTU. COtMJTO SAN JOSE.
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      389 14 ri I K PI I 11 kiv.-J I Orient Overseas Co*Uci*teA Line 10 EVMK (VM SUEZ) 7/7 »/7 11/7 IV7 a/7 17/7 nn nn *n fully contmhoiscd soma raw emote cm 11/ l IVI 23/1 25/1 */i n/i a/i i/3 5/7 7/7 l»/7 12/7 12/7 14/7 17/7 l|/7 21/7 23/7
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      571 15 ILL Overseas Containers Limited ■an 2MSMIMSMIM M M MR, TR, M rto| S JKV «MyIMyIW|IMy 27 Mv M M» NR. MS. SIKAPOK: MMFKLI CMTAMB SOVKO. PTE LTI 43M1 K. LUMPUH CMTMKI MUCtO 204Q, P. KOIM 300 M PENAN6: Mm IMSTEM fIHPPIK MUCUS HZNI/9 Australia Straits Container Line E3 Straits Shipping
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      919 15 Ben Ocean AjartaemcmofßbnLine.BkJoFbaielQenUneandNSlJO mnmt is/ismm umkm n/nin na) mm. mm. i«m». mm. 1/ 4Mr 1/ IMr f Irn U*M. Uiaaa*, T.tMr, M 1/ IMi 4/ I Aaf IM LKHM. *i«m. imtftm. Im.l— Penan* P. Keiawf tipun PMi WWTI> MM 22/21 Me M/HM IlKw KMIK MM 11/14 M IVHM «T. UM
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      497 15 BEN LINE Krj s? "a .'5 im un **n »m a* si a« a m a *ai a m la* I Se? <k« *n» n BEN ASIA CONTAINER SERVICE n v.w 'TiT S Mri P. MM hw« T«M Ouk* KM* M»|i ISM MM n? MM M W la Part aMe
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      722 15 Scan Dutch 9 a' taUMM INHlftq s v < w i vi Wi «/i <vi- t>/i v n/ iv a/» a/» N/l a/ 1 V* VI a/i 1/1 u/i iv s U Ctarf a Rtwi 1 I'M r«M St UN I) Mlaillat P. Mlam r»M TITAMA MM MM MM MM
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      320 15 GUTHRIE BOUSTEAD^;; THE BANK LlNfc L T D Win. IMjaiip CMMa. EX.. PE., KKMMI MPI/isim I'm p. KatNf ia pt/a im run nm P. taIMC Spare WW LVKES ORIENT LINE SINGAPORE *****4 PT KELANG *****1 KUAI A LUMPUR 2037 11 Pt MAV, J62 3G 1 FESCO LINES FESCO STRAITS PACIFIC
      320 words
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      756 16 "K line KAWASAKI KISEN KAISHA. IT S'pore P. Kilmr LHivre M'burf BrwM* Kwtti ORIENTAL CHIEF W IS JMM II tat SMy 'H. *My I Jrty 11 My S 7mk%« 21 Mm 22 Mm 11 My 13 My 14 My IS My 17 My "rESEARCMR 2W 21 Mm 2»Mm II My
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      995 16 E. C. -N. S. A. ATIARTIC/fiBLF SERVICE ACCEPT IM ro/lfl. CMTAWQB fRM STME. P. HUM. PEMM Lead MR Mr: MWU. VRR*. WW MUMS, ■HUM. Su«apar< P. Kaiaag MM«w Nm "A VCSSCL" IS/IT Miy «/»My n/a Ml M/M E. C. I GREAT LAKES SERVICE IHM| tar: MM*U. Mf VRM, OMNTREAL. I
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      885 16 L NEPTUNE OWE NT LINES UD ■BIENTAL CatCF 1 sevu seas atiKf NIEHTAL ttSEMCKI ctcnua PW. •FULLY CONTAINitISCO Si*VICES: bra mb>Spori P. Kclmc S huMl* H*W* IKf) ISIm HIM IM» ]*> MIKE 21 IBM SIM IMf aumm ntm ntm »»m» ■55 iM> tMr am n« Nui ii Mf «m a**
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      489 16 MALAYSIAN HTVtNATKNAL SHVHNG CORPORATION BE*MAD EXPRESS FULLY CONTAINERISED SERVICE Mm, mo. m. d 'kniUl (Mpt carst lar )nHr m I'm EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT I( M*>, P. kr'Mf ftwt UlliM Mr: I MUTI 77 71 >«M a/21 lom MD«r| IJ/7, Mift IBM M 7. Ma» 21/7 Bmer 24'7. Mbyrj
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      Page 16 Advertisements Column 5
      602 16 INTRASEn (PTE) LTH. ■\X m B Kansai Line STRAITS/AUSTRALIA SERVICE SMNVSVBNEVV. M FNTWO I. 7 Support P.fcN LaaMfMrs ,_V II Mm .15 Mm BrisbaM/Syiaitf' Melbourne/AoelatM. 17 My 14 ML 40 mimsi* mo tra. aaaii aaMiwa mn. na HimM a tuiim mm. Mm. ALPAC LINE SOOTH AFRICA SERVICE S pon P.
      602 words