The Business Times, 17 June 1978

Microfilm: NL9737
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, JUNE 17, 1978 50 CENTS 50 CENTS
    13 words
  • BRIEFLY...
    • Article
      Melbourne-bound
      49 1 MR. GOH Chok Tons, Senior Minister of State (Finance), left yesterday with a 20-member mission for Melbourne. He is leading the Singapore delegation for the first Australlan-Asean Conference on Industrial Cooperation. The three-day conference, which will start on Monday, is to publicise Asean as an attractive investment area.
      49 words
    • Article
      Lock icon Lira support
      56 1 AFP. LONDON, Fri. The Italian central bank gave support to the lira on the London money market today following the resignation of Italian President Giovanni Leone. Dealers said lorwara lire were particularly depressed. The lira was quoted 862.1 to the US dollar against 800 previously, and 1578.5 to
      AFP.  -  56 words
    • Article
      Lock icon Higher surplus likely
      77 1 AP. TOKYO, Fri. The Japan Foreign Trade Council reported today that Japan's current account surplus for fiscal 1978 may exceed US$lO billion (Ss23 billion), while the government was aiming at $6 billion. The council, which Is a confederation of Japanese trading firms, said the nation's 1978 trade
      AP.  -  77 words
    • Article
      Lock icon Lee-Suharto meeting
      44 1 AP. JAKARTA, Fri. President Suharto has chosen the resort island of Bali as the site for his threeday meeting with Prime Minister Lee Kuan Yew later this month. An earlier announcement said that the meeting will be held on June 25-27. AP.
      AP.  -  44 words
    • Article
      Lock icon Citibank prime up
      43 1 UPI. NEW YORK, Fri. Citibank, the US second largest commercial bank and a trendsetter on the interest rate front, today boosted Its prime lending rate from BVi per cent to 8% per cent, its highest level In 3Vt years. UPI.
      UPI.  -  43 words
    • Article
      Lock icon Training project
      89 1 UPI. TOKYO, Frl. A seven-man team of training experts will leave Japan tomorrow for talks with Singapore officials on technical cooperation it was announced today. An estimated $5.1 million (5511.73 million) will be spent by Japan In the project, which will enable Singapore to establish a centre to
      UPI.  -  89 words
    • Article
      Lock icon UK inflation
      65 1 AP. LONDON, Frl. Britain's annual Inflation rate fell to 7.7 per cent last month, down from 7.9 per cent in April and at its lowest level in 5 Vi years, the Labour Government announced today. Figures from the Department of Employment showed that the retail price index rose
      AP.  -  65 words
    • Article
      Lock icon Rupee upvalued
      45 1 UPI NEW DELHI, Frl. The Indian government today raised the value of its rupee currency by one per cent against the US dollar. The Reserve Bank of India raised the new buying and selling rates to rupees 8.10 and 8.50 per dollar. UPI
      UPI  -  45 words
    • Article
      Lock icon Dow Jones
      77 1 UPI NEW YORK, Frl. Prices moved lower across a broad front today In reaction to a new round of hikes In the frrlme lending rate. Trading was fairly active. The Dow Jones Industrial average, Which lost 10.31 points yesterday, was off 2.22 to 841.90 shortly before 1500 OMT.
      UPI  -  77 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      118 1 Rises «Most active MB8 Guinaeee OCBC Spore Merlin Sunfei Beei 8TP in Boaoteed Oriental Hktfi 271 505 850 326 226 660 650 238 484 342 310 414 198 350 231 182 265 245 +41 +35 +15 15 15 10 10 v +9 +8 +8 +8 -14 -7
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    • Article, Illustration
      In Kuala Lumpur
      151 1 Rises Most active MlnSec 3.40 +.20 Haw Par 706,000 A. Hltam 10.30 :s S Darby 396,000 Castlefleld 11.20 K.L. Kepong 227,000 C.C.M. 4.42 +.18 F. Merlin 208.000 O.C.B.C. A. Am&l 8.79 9.06 +.13 +.13 Total Turnover: 4.89 m Sanyo 3.70 .12 Total Value: MS11.08 m L. Perak
      151 words
  • Article
    Raja charts the course for Asean
    870 1  -  EXTERNAL DIALOGUES GALORE By COLIN CHEE FOREIGN Minister 8. Rajaratnam yesterday set the stage for Asean's next decade of development. To date the association has demonstrated how five sovereign South-east Asian nations have merged their nationalism in a move towards regionalism. The future, he
    870 words
  • Article, Illustration
    Face-to-face with Sonoda
    164 1 JAPANEBE Minister Sunao Sonoda arrived in Pattaya late yesterday evening to meet his five Asean counterparts in a two-and-a-half-hour meeting scheduled to start this morning. Leading a 21-member team, Mr. Sonoda Is expected to engage In wideranging talks with Asean's foreign ministers. Economic Issues will dominate the
    164 words
  • Article
    Far East fares rising 4-7pc
    406 1  -  •r WANG LOOK KEAH AIR fares for various destinations In the Far East will go up by 4 to 7 per cent by Aug. 1. The entire new fare structure has already been finalised. Members of the Orient Airlines Association (OAA) will meet this morning
    406 words
  • Article
    Complete powers for CPF sought
    461 1  -  •y TERESA LIM THE Central Provident Fluid (CPF) will be given complete powers to use CPF funds to buy land and erect buildings under the CPF (Amendment No. 2) BUI. The amendment BUI was read for the first time In Parliament on Wednesday. It seeks
    461 words
  • Article
    All ICB applicants to get some shares?
    278 1 THE oiler of five million shares by Industrial and has at least four rimes Seme observers believe- that, the extent of oversubecriptkm could be as high as six times. The enthusiastic response has surprised many observers and is probably reflective of the bullish
    278 words
  • Article
    MAS gives merchant banks a boost
    524 1  -  •y QUEK PECK LIM THE MONETARY Authority of Singapore has Issued new guidelines to merchant banks, the main effect of which Is to allow them to deal in foreign exchange transactions with nonbanking Institutions. The new ruling sent to merchant banks on Thursday, appears
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  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Teck Chiang offshoot builds godown
      357 2  -  •y FOO CHOY PENG A LOCAL manufacturer of steel products, Teck Chiang Manufactory, is Increasing its investment by 94.3 million to $10 million. TCM, a wholly-owned subsidiary of the Lion Teck Chiang group, will invest the money in a warehouse on a two-hectare site In
      357 words
    • Article
      HK textiles beat a 6pc retreat
      242 2 HONQKONQ's textile exports took a fresh beating on wbrld markets in the first four months of this year. Official January-April statistics released In Hongkong show that sales of textile yarn, fabrics, made-up atrtlcles and related products dropped 6 per cent. The total value was
      242 words
    • Article
      Seoul to welcome millionth visitor
      136 2 THE KOREA National Tourism Corporation (KNTC) will nVe a rodcarpet welcome to the millionth visitor to South Korea this year. This Includes a welcoming ceremony at the Klmpo International Airport, pews interviews, reception In honour of the lucky visitor and one-week expenses for accommodation and
      136 words
    • Article
      Poor turnout but show a success
      61 2 nil if nfiftllin (n|j II ■■riwMl ExklMu— mt TataTiMiPMktev (tk» cdmM lnw» wml th »wMm« Mymtt h* wwfc, Mr. YwkM T«fcy, th> njubrn, Mli ia tkat at Isast <w» Hill i l 3 all tUr IjySStTiJS 11 Mr Qfel saM tkat tks mbl osMMtfm
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    • Article
      Course for industrial managers
      117 2 THE Supervisory and Management Training Association of Singapore will conduct a 10-lecture course on Industrial management. It will begin on July 4 and will be conducted on Tuesday and Thursday evenings at the Merlin Hotel. The University of Singapore's extramural studies department will conduct two courses
      117 words
    • Article
      Australia's future tied to Asean growth
      554 2 THE future of Australia will be Unked to the development of Asean and Southeast Asia, Mr. William Hayden, leader of the Australian Labour Opposition said here yesterday. Australia has a "complementary role" to play In helping Asean in its industrialisation programme. His country has
      554 words
    • Article
      'Calling Ireland'
      89 2 THE Telecommunication Authority of Singapore Introduced IDD (International Direct Dialling) Telephone Service to Ireland yesterday." With this. Singapore has IDD service to 26 Countries. The charge for number to number calls to Ireland Ik $27.00 for a minimum of three minutes and $9.00 for each additional minute or
      89 words
    • Article, Illustration
      CEMENTING THAT $115m SIAM LOAN
      51 2 au c l jjff SSC fSI I W«*W it ti >■■■ i iS JTgrf n SndttH. JfcTST!P.M 3235*2 LUydi Ba>k hfri»Umi» Myw Mr. Chaterm ChBO-takui (left) and Mr. Snoh NUkambaeng, both from Slam Cement tigntoa ceremony. Betide Mr. Snoh it Mr. cTk. Oow of the
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    • Article
      Retailers yet to go metric
      188 2 THE RETAIL trade has yet to convert to the metric system, with the parties Involved adopting a wait-and-see attitude, said Metrication Board chairman Baey Lian Peck. Bpeaking at the opening of the Tailoring In Metric exhibition and fashion show organised by the Singapore Tailors''Shopowners Association
      188 words
    • Article
      Injury guide
      35 2 THE MINISTRY of Labour has published a Guide to the Assessment of Traumatic Injuries for Workmen's Compensation. This guide will a slat doctors In assessing Incapacity suffered by workers, who are claiming compensation.
      35 words
    • Article
      Tokyo Exim funds for China trade
      328 2 JAPAN will make ExportImport Bank funds available to finance trade with China in a measure that is likely to facilitate stepped up transactions between the two countries. The Yomiurl Shlmbun dally said yesterday that the proposal to use ExportIn port Bank funds for the
      328 words
    • Article
      MEMO PAD
      285 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, BITC, SITC June 5-July 20: Life Agents Certificate Course, SITC, SITC June 8-22: Personnel guidelines it policies, Hilton, POD June 10-22: Industrial rela- tlons for supervisors, SIM, SIM June 21-24: Sales conference, RELC, PT Richardson Merrell Indonesia
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      164 2 COLLKTINQ Oriental Antiqviej ra va -5 I Qsl 0 J > n in by Judith Moorhouse and Dries Blitz Hamtyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive
      164 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      620 2 I -11-OIE CROSSWORD II CRYPTIC PUZZLE ACROSS 1 Go over to Banbury? (5) C Knavish hold-up men (5) Just person (7) 10 Speed restriction on an externally Ut motorway (5) 11 Those or cats who've had nothing to cat? (5) 12 Relies on Gordon (S) 13 See what's upset Cinders
      620 words
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  • OVERSEAS
    • Article
      Lock icon ISO seeks to extend pact deadline
      147 3 AP, AFP. THE executive committee of the International Sugar Organisation (ISO) decided on Thursday in London to recommend to its council extension of the world sugar pacts ratification end reserve stock fund contribution deadlines. The council will meet on June 30, the eve of
      AP,; AFP.  -  147 words
    • Article, Illustration
      Holiday-retreat look
      61 3 THIS incineration plant, built by Hitachi Zosen, is for the Yuzawa-Offachi Clean Centre in northern Japan which comprises one city, three towns and a village. Looking like a mountain cottage, its design blends with the environment. The plant can process about 50 tonnes of refuse every eight hours.
      61 words
    • Article
      Lock icon PROGRESS ON MONETARY ISSUES WILL BE SLOW
      429 3 Reuter. RAPID headway on European monetary questions is unlikely to be made at the Bremen Common Market summit next month, British Chancellor of the Exchequer Denis Healey said In Paris. But he hopes some progress will be made. The effectiveness of any arrangement
      Reuter.  -  429 words
    • Article
      Lock icon UK April output up
      198 3 Reuter. THE UK industrial production Index rose 1.6 per cent In April to 104.8 (base 1970), after a revised 0.3 per cent fall In March, the Central Statistical Office reported. The latest figures suggest the underlying level of industrial production roae slightly In recent months. For
      Reuter.  -  198 words
    • Article
      Lock icon Exit of Leone sets back vital decisions
      736 3 Reuter, UPI. THE RESIGNATION of Italian President Oiovanni Leone and the choice of his successor are likely to delay further official economic policy decisions. In spite of an outline agreement with the five main political parties, including the communists, on priorities for economic
      Reuter,; UPI.  -  736 words
    • WORLD IN BRIEF
      • Article
        Lock icon INVENTIVE JAPANESE
        499 3 Agencies THE Japanese are the world's most prolific Inventors. according to a study published in Munich by the Siemens Industrial firm. Japanese inventors applied for a total of 135,702 patents for their products in 1976, followed by Soviet discoverers who made 128,192 such applications, Siemens said. OIL India
        Agencies  -  499 words
    • Article
      Lock icon AMERICAN STEEL FIXES INCREASE ON MILL PRODUCTS
      239 3 AP. THE American steel industry appeared to settle on a 3 per cent price Increase for mill products with U8 Steel's .announcement that It would join other major producers at that level. America's largest steel producer said it would not extend the Increase
      AP.  -  239 words
    • Article
      Lock icon Aid Asia lobby in US started
      130 3 UPI CREATION of a public Interest lobby designed to promote continued US support for Asian nations threatened by communism, Including Taiwan and South Korea, was announced on Thursday by Republican Bob Dornan of California. Mr. Dornan said the American Council for Free Asia, which
      UPI  -  130 words
    • Article
      Hysteria seizes House members
      766 3 THE US House of Representatives has shown the extent of Its political hysteria over the taxpayers revolt by unexpectedly voting to cut Its own budget for next year by 5 per cent. The House took the action early on Thursday on the Legislative Branch Appropriation Bill,
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    • Article
      Wharton sees slowdown round the corner
      996 3 A BURST of economic growth In the United States at an annual rate of around 9 per cent in the second quarter will be among the largest seen in the last 10 years. This will be followed by an economic slowdown, though no recession,
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    • Article, Illustration
      Belgium plunges into crisis
      248 3 BELGIUM was plunged Into an unexpected political crisis on Thursday when Prime Minister Leo Tindemans submitted his resignation to the King after his year-old coalition government failed to agree on a planned package of belt-tightening economic measures. But after a five-hour meeting with Mr Tindemans on
      248 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      441 3 3 months with Linguaphone and you'll bespeaking fluent n Linguaphone's proven by 4,000,000 successes in 30 languages More than 4,000,000 people from al walks of life around the world hat* successful acquired another language through Linguaphone. Proof enough that you can just as easly master Mandarin as a second language
      441 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      472 4 OPENING prices yesterday were marked down one cent in the Singapore rubber market following lower London advices, values, however, recovered later on upcountry and speculative buying and some weekend short-covering. The rise was short-lived as prices fell following a Washington report that the Benate Appropriations Coinmlttee
      472 words
    • Article
      RAS PRICES
      302 4 R A S. prices In cent* per kilo yesterday: Noon Cloee (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.8. prompt f.o.b. 230.00 *****N 229.00 230.00N Int. 1 R.S.S. July 230.50 231.00 229.75 230.00 Int. 1 R.8.S. August 230.75 231.25 230.00 230.50 Int. 2 R.S.S. 221.00
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    • Article
      SSR AND SMR
      82 4 NOON SSR and SMR prices yesterday: RAS July (Cumat Mtfc) Buyer* Seller* (onto per k(> Aagwt (Forward Mlh) Buyers Sellers (easts per kf) SSR 20 SSR SO (1-ton Pallet) (1-ton Pallet) 213.00 211.00 215.00N 213.OON 214.00 212.00 216.00N 214.OON 1 > i iilifi (I-ton Pallet) (1 -ton
      82 words
    • Article
      Palm oil
      82 4 Kuropemn P®"*" ta 1X8 per ton un I i WedMMUy Pitriom Malaysian 5H (fa bulk per tonne Auf unch 580 sir Sumatra 5H f fa bulk June Jly unch eso/oaspd 835 sir 650/ 647.50 pd August September October MO sir 565 sir unch 580/ 567 Vi pd 567.50
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    • Article
      Closing prices
      30 4 Rubber: Jnae IS Singapore: July 229.75 ceats (dowi US cents) Malaysia: July 234.00 emu (up 0.2S cents) Tin: MSI.7SS (down SIS) Official oflbrinf: SSS rp (down If tooaee)
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    • Article
      Cocoa
      251 4 FUTURES yesterday ended the morning opening call £2.5 to £12 higher In a volume of 629 In London. The rise reflected higher New York prices and was featured by commission house short-covering, traders said. At one time, gains of up to £15 were recorded. Trading In physical cocoa was
      251 words
    • Article
      Produce exchange
      356 4 COFFEE was actively traded 'on the Singapore produce market yesterday. The other commodities, copra and pepper, however, saw relatively light trading. Market sentiment for coffee improved with strong buying interest from American roasters. Some local dealers were reported to have marked up their quotes In the face of
      356 words
    • Article
      Coffee
      387 4 ROBUST A futures yesterday, morning opened about steady, down from the Initially traded highs In London, but still £8 to £10 per tonne higher from Thursday nlght r s close. Turnover was Si'Z tots. Near July ended the opening call €8 up at £1,836 after trading at £1,850. Dealers
      387 words
    • Article
      Sugar
      303 4 FUTURES In London ended the morning Just off the lows, with net losses of £1.80 to £2.85 yesterday. Volume totalled 1,585 Including 15 options and 759 on the kerb. In line with weaker market sentiment, the LDP was reduced £1.5 to £97 and the LDP (W) by £1 to
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    • Article
      Straits tin
      161 4 THE STRAITS tin price In Penanc yesterday fell MSI6 to $1,750 per plcul on an official offering down 15 tonnes to 255 tonnes. In LONDON yesterday, tin was down £25 for cash and £10 for three months standard while high grade lost £20 and £10 respectively. Dealers attributed
      161 words
    • Article
      Soybean
      103 4 SOYBEAN futures on Thursday ended the session on a mixed note, posting gains of six cents In July and 7Vfc cents In August, but finishing 4)4 to ft cents lower in new crop months. After retreating from an early advance, prices firmed in late trading on local short-covering and
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    • Article
      Wheat
      95 4 WHEAT futures closed with gains of four to three cents a bushel on Thursday, but finished the session three to four cents below the day's best levels. Professional buying and commercial buying of July against September and December contributed to support. Gains were trimmed later on on local long
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    • Article
      Rice
      196 4 BANGKOK prices were unavailable yesterday. The following are Thursday's prices: In US dollar* per tonne F. 0.8.. bast* Bangkok) While rtee: 100 pet Ist class 442.100 pet 2nd claa* 477.100 pet 3rd class 422 >ojpet 400 15 pet 902. 20 pet 387, 25 pet 377. 35 pet unq. A-l
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    • Article
      Treasury bill tender
      47 4 RESULTS of tender held on June 16 for 91-day Treasury bills to be Issued from June 19 to 23. Offered: 890.000.000 Applied for: 845.000.000 A noted 890.000.000 Accepted bids: 880.18 approximately 7*; higher bids In full Average rate of discount on allotment: yam pa
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    • Article
      Bulls continue to rule market
      378 4 THE BULL run continued throughout this week under irregular and uncertain conditions. Current RSS One was taken some six cents higher to a new peak of 232.50 cents before failing off later. Turnover was good as profit-taking was well absorbed, with noticeable covering on any
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    • Article
      Copper
      272 4 COPPER wire bars in London finished the morning SC2 for cash and £1 for ree months yesterday morning. The pre-market steadied to £736.5 for three months following the recovering trend at New Yoak and expectations of a further moderate fall In LME stocks thta week. But pricing sales subsequently
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    • Article
      Hongkong comex
      211 4 THE SUGAR futures market eased around US 0.25 cent yesterday on lack of buying Interest, In fairly active trading. Activity was restricted to commission house long liquidation coupled with selling from speculators throughout the session, while trade house light short-covering stemmed the decline near the cloee. Turnover rose
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    • Article
      SPOT PRICES
      188 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cutis fara: China Blue Phoenix 20'* 1,710, 32'* 2,150. 80'* 2.230, (par bale of 400 lb*). Meet Goods: China Butterfly and Globe Brand unq, Dragon Head unq, Five Lambs unq, Flower and Butterfly unq. Plying Oeeae unq, (per piece 38
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    • Article
      Gold
      326 4 THS KILOBAR In Blniipow yesterday opened at fitl3,M4 and fluctuated tn a ranee of 940.00 In quiet trading.. The high and Jow of the day was $13,888 and $13,880 respectively. The market closed at 813,860. Bpot gold for London delivery opened at U*****.20/50 and eased off to 8184.80/10 on
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    • Article
      Silver
      166 4 SILVER yesterday gained 4.9 to 4.6 pence In London. Initial pre-market values were marked up: reflecting the overnight gains at New York. v Knees subsequently made further modest headway as higher gold and the bullion dealers fix lent additional support. On Thursday afternoon, silver on the LME lost 3.8
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    • Article
      Zinc
      32 4 ZINC yesterday morning gained mostly £1.5 per tonne in London. Three months traded between £321 and £323 throughout the morning after ring sales of 4,600 tonnes which was about half carries.
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    • Article
      Lead
      39 4 LEAD rose by £2 for cash and £1 for three months In London yesterday morning. Three months traded up to £317 on the pre-market and closed the ring at £315.5. Sales of 2,800 tonnes were about half carries.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        439 4 THE US dollar firmed against major currencies on the foreign exchange market yesterday. The yen counter was quiet In the morning with the market awaiting news of the latest Japanese trade figures. Opening at 216.00/10 against the yen, the US dollar remained at that level till mid-afternoon when
        439 words
      • Article
        Asian $ and CD rates
        189 4 Asian and CD rates ASIAN currency deposit rate* u at ck*e on June UO M omm lnurtank 16 ■n <•»*) Bkl 7 days 1 mth 2mtlu 3 mth* 6 mUu 6 mth* 13 mth* 7 15/16 8 3/16 IVI I A/16 91/> «a/i6 Sw.rn. 713/16 61/16 >1/4 67/16 >7/1 91/16
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      • Article
        Discount
        51 4 RANGE or count houses OvernlfM CU1 depoal prices offered by dls- on June 16. MM t 3%% fillip 3-Month Treasury ME 3-Month Bank bills 3-Month CD 6-Month CD Mytac la 3 1/4 4 15/14 4 1&/16 9 l/» 3 i/a 4 13/14 4 13/14 9 Source: National Discount Co
        51 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet customer* is 7 ner osnt.
        21 words
      • Article
        Australia/NZ
        49 4 AUBTRALIA/NZ exchanges quoted on June 16. AUSTRALIA: US doOv I.UH/I.IMS SMttnc %.mm/ «IM Sterling 0 o*s2 OS doUan I.IKB > Wlllll <ij forward buylnc nt« SWrtlnc OOTI USdol&n I.UN NEW ZEALAND sumac o SB7V O.MM os eodar i.on/ i.mxt Ninaty-day airmail buying rater Sterling O MR 08 dodar 1.0946
        49 words
      • Article
        Zurich
        45 4 ZURICH exchanges quoted on June 15. OS l.ftftlft—ftSM stgsiws isis Can l.ftftftft—SSTf Dmfc SS.TISft SSSS Dfl ftft.ftSSft—7lSS Ttr 41.3S7ft—WIS Bfr 5.7751—7547 Dkr BIIS-MM Hkr Sft.tlSS—l44l Skr 41 007J—om Lit I IMS aio Aw aek 12-OSft—ftftftft Port 4 14TS— IM2 Yen I 111 l ISSS
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      • Article
        New York
        229 4 THE DOLLAR closed slightly firmer against major currencies, including the yen. In generally quiet trading on Thursday. Dealers said the dollar was aided by U8 Treasury Secretary Michael Blumenthal's remarks that the US is prepared to work for exchange rate stability and to intervene in the market to
        229 words
      • Article
        London
        222 4 THE DOLLAR yesterday firmed against most major currencies In quiet opening trading, assisted by a fall In the Japanese trade surplus In May. The dollar Is maintaining its steadier trend since its sharp decline against the yen led It lower earlier In the week. The fall in the monthly
        222 words
      • Article
        Tokyo
        121 4 THE U8 dollar for overnight delivery yesterday closed slightly higher at 216.30 yen, compared with a 215.90 opening and 215.40 at Thursday's close. Trading was light, with volume US$355 million. No central bank intervention was detected The dollar moved between 216.00 and 216.35 in light late trading following its
        121 words
      • Article
        Hongkong
        138 4 NEWS OP Japan's preliminary U*****.82 million customs clearance trade surplus for May compared with $1.00 billion in April led to yesterday's hectic trading in the afternoon "SSfdollar strengthened to a high 217.90/70 yen compared with 216.06/15 In a quiet morning. However, the rise with background of wide swings either
        138 words
      • Article
        Euro $ rates
        65 4 Euro rates nx® dated eurodollar depoaltrates yesterday firmed by up to ft per cent, reflecting the market's oa'XSSS; qjha, m Day-to-day ratos showed little change. One to nine months wan operators reacted to the US weakly raoway suppty data. moOßQat opaatng mmm m law IS. Wi*md t-li/US-IVIS t-un? mmm *-W
        65 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      47 4 V The Love of ookmg n 3^ H \Mm_a XT I* 4 /*v N J*«N* v^* rv m h Hfe 0 rs St S* *rt r*» XT fcJh S y3 AnNM X Kg •M* m* o**m a *mk •r4^ 13 n lIS l 135 cm. Kenneth Lo
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  • TRANSPORT
    • Article
      Asia-Pacific shippers' group on the cards
      477 5  -  •y CHAN BONG SOO DELEGATES from 14 countries who met recently in Bangkok under the ausplcles of the United Nations Economic and Social Commission for Asia and the Pacific (Escap) have agreed in principle to form a shippers' association. The association will be styled
      477 words
    • Article
      AIR PACT DEADLINE
      98 5 FURTHER TALKS on a new Anglo-Scandlnavlan air services agreement will be held In August, after the failure of a recent meeting in Oslo to settle outstanding differences on such matters as new air routes and future fare levels. The Scandinavian countries gave one year's notice of termination
      98 words
    • Article, Illustration
      SHIPS IN PORT
      338 5 EXPECTED ARRIVAL TODAY KEPPEL WHARVES Barge Hal Lian No. 19 (1930) (a side Phemlus) 10/11 Barge Trldaya (1100) (a side Phrontls) 35/36 Benlawers (after Bengloe) (starboard to) (Draft 9.45 m) 31/32 Bunga Blndang (1100) (subject free board) (18) Hugheverett (1330) (tide) 27/28 Ibn A 1 Albar (after
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    • Article
      Rumania to buy UK planes worth $840m
      240 5 RUMANIAN President Nocolae Ceausescu watched the signing in Bristol. England of an agreement under which his country will buy 82 British BAC 1-11 airliners worth about 1200 million (SsB4o million). The agreement was signed on Thursday at the state-owned British aerospace company's factory
      240 words
    • Article, Illustration
      Lock icon CLEARING THE SUEZ CANAL
      132 5 Reuter. BROSTROEMS Shipping Group of Sweden announced a contract with the Suet Canal authorities (tar the removal of 12 wrecked veeieli to permit the passage of large tankers. Brostroems said in a communique issued in Gothenburg that its subsidiary Neptunbolaget, Stockholm, had been awarded the contract
      Reuter.  -  132 words
    • Article
      Lock icon Low-fare flights flying high
      436 5 AP. Reuter HOLLAND gave permission to Pan Am to fly passengers between Boston and Amsterdam at a new low fare for a period of three months. A Dutch Transport Ministry spokesman said in the Hague the introductory standby single fare from Amsterdam to Boston until July
      AP.; Reuter  -  436 words
    • Article, Illustration
      More container room
      107 5 THE Scan Dutch fleet of containershipe will be increased to eight in August when it operate* its new containership "Nedlloyd Houtman" (above) between Far East and Europe. The 48,262 dwt vessel, with a capacity of 2,714 TEUs, was built last October, and it will be operated on
      107 words
    • Article
      Lock icon Re-modelling Sweden's shipyards
      306 5 AP, Reuter. THE SWEDISH government on Thursday formally presented a proposal for restructuring the shipbuilding industry. Under the proposal, the industry would be drastically cut by more than onethird, with the loss of about 9.000 Jobs. The proposed paring of one of Sweden's old staple industries over
      AP,; Reuter.  -  306 words
    • Article
      Lock icon LONDON FREIGHT
      156 5 UPI. DECLINING Atlantic bulker rates remained the major feature of the Thursday freight market on a day when more business* was known to be taking place than actually came to light. The US Gulf-Japan grain trade demonstrated weakness when a Sanko vessel accepted U5514.90 (FIO) for a 30,000
      UPI.  -  156 words
    • Article
      NOW THE ELEMENTS DESCEND ON NARITA AIRPORT
      253 5 THE latest challenge to Tokyo's Narlta airport is proving more difficult to handle than the thousands of rioters who wreaked havoc on the installation over the years. The new challenger is fog. Thick white walls of It come rolling down the runway from
      253 words
    • Article
      Surcharge reduced
      37 5 THE 20 per cent port congestion surcharge imposed on March 30 at Latakla In Syria has been reduced to 10 per cent. Members of the Hongkong/ Europe freight conference said that port conditions are improving.
      37 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      709 5 ARRIVALS Opm flwhw Loc tar Number Tta ll CAL CI333 0040 TPE/HKG/KUL TMA TL345 0630 BEY/DXB/BOM MAS MHflOl 0700 KUL MAS MH682 0723 KCH 8IA SQ101 0015 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0045 PEN/KUL CPA CX710 1005 HLP CAL CIS 14
      709 words
    • Article
      Lock icon Hovercraft to Canton
      236 5 AFP. AN INTER-CITY hovercraft service between Canton and Hongkong may be introduced soon If Chinese authorities approve current negotiations. Sources said it Is possible that the Hongkong ferry company proposing the service may place an order with Britain for a fleet of big hovercraft. This news comes
      AFP.  -  236 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      46 5 in PAN Paperback v LECAIIE TUT HONOURABLE SCHOOL- i -In imT HIS LATEST #I WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME \<»w >n a' ,11 'i< >' »k>h I il\ 1 i> i> I -MI K' I 1'!, > N < M i|<
      46 words
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  • Article
    Be wary of that cartel
    338 6 THE ORIENT Airlines Association some of whose members have often criticised the International Air Transport Association for being a cartel, today stands in great danger of being tarred with the same brush. Taking a leaf out of lATA's book of rules, the 10member airlines which
    338 words
  • Article
    Weak will benefit
    222 6 Having decided on its course of action the Association has moved systematically to eliminating the differences in prices between their members. But it is likely that the only airlines who will benefit from such moves will be the weaker ones who have probably led the move to
    222 words
  • Article, Illustration
    The myth that is the Ang Moh
    1762 6 SIVA ARASU LOOKS AT THE EXPAT IN SINGAPORE... DIFFERENT races call them different things, not all of them polite. But whether tagged "kwel-loh" "galjln" "ang moh" or "Mat Salleh", the white man In Asia Is synonymous with "expatriate," which In turn always conjures
    1,762 words
  • Article, Illustration
    Optimism may prove unfounded
    846 6  -  LETTER FROM AMERICA by John Tan THE FIRST months of 1978 have witnessed a remarkable degree of optimism In official circles in Singapore. There was a study by the Economic Research Centre predicting full employment for Singaporeans for the next 10 years even if foreign lnvestment
    846 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      213 6 *4 •3. < £5 m m -.< ■<& I 1 fc: No dinner is complete withouta White Label Anthtr 9«Aiaty product ftw I m RAMADA LOUNGE Relax and unwind at our lounge. Have a drink, bring a friend or whatever you like to do live it up. Royal hours 5
      213 words
    • Advertisement
      Page 6 Advertisements Column 2
      36 6 After a long day, enjoy a cool, relaxing drink and lister to tome goad pap. bluet, evergreen and jazz. If you have a special request just let the band know. Appearing nightly, except Mondays at the
      36 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 WEATHER OUTLOOK for Singapore from 6a.m. to noon today: Mainly fair. Report for 24 hour* prior to 7.30 p.m. on June 16 at the airport: Maximum Temperature 29.2° C Associated Humidity 85 Minimum Temperature 24.6° C Associated Humidity 96 Hours of Sunshine 2.30 Rainfall in Millimetres 22.6 Total -Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      185 6 g SINGAPORE 5 12.45 PM Opening announcements followed by Sesame Street 0 1.45 Saturday Matinee Maracaibo 0 Starring: Cornel Wilde, Abbe Lane, Francis Lederer, Jean Wallace 3.15 Soccer Malaysia Cup '78 Selangor Vs Singapore (Final) (English-Repeat) 4.50 Sandiwara Kemusnahan (Repeat) A Malay drama 5.40 Little House On The Prairie —To
      185 words
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  • Article, Illustration
    She finds difficulty adjusting herself
    1228 7 ...AND HIS BORED WIFE TOO BOREDOM wu once the disease of royalty. Now, Western technological culture, by fulfilling almost all of people's survival needs, has made It the luxury of the average person. This two-edged achleverfreut 18 further accentuated for the expatriate —"l.tr Singapore by
    1,228 words
  • Article, Illustration
    LISTEN TO THIS UNIQUE TALE
    1453 7 SOME EXPATS come to make their buck and flit. Others learn a bit about their new environment and get Involved in the community, maybe learn a local language, but never compromise their own cultural identity, always very sure that in the final analysis their real
    1,453 words
  • Article
    STRAWS IN THE WIND
    545 7 DOG FOOD Is not only fit for dogs, but also for human beings as well. Journalist Angus King In the UK lived off dog-food meat for a week and reports he suffered no 111-effects. Mr. King, medical corresKndent for the Yoskshlre st conjured ud an amazing
    545 words
  • Article
    Strangers within our gate
    812 7  -  (FOROM f 1 ...OD culture shock i i h ILSA SHARP "The Stranger within my aate, He may be true or kind, But he does not talk my talk cannot feel his mind. I see the face and the eyes and the mouth, But not the
    812 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      354 7 3 branches for your convenience: SINGAPORE OKOH Supreme House. Penang Road. Tel *****1 OKOH OF GiNZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel *****2 It's the toast of the town. IMPERIAL BAR t r N Tft m w What a u about the Imperial
      354 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      35 7 u>euL, Ten seconds £r. u "r lb Go Beus ?,*fre^ '7 k Tj|i WHI iep»e uill Q* Sorr>fe-ma4G SP6.URL.. \n m\/ Toes »M f*W r.HGcRS... p. s&jse. OF P*MTc\PPfTioH... "Tujo. one. Do«rtM£.' a r~r\ ©pj
      35 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Dow Jones average declines slightly
      570 8 TOKYO Source: DBS Daiwa THE Dow-Jones Average on the Osaka Stock Market recorded a new high for the first time In eight years with speculative issues rising sharply yesterday. However, the Dow-Jones Average on the Tokyo market declined slightly ss forerunners and export-related Issues weakened.
      Source: DBS Daiwa  -  570 words
    • Article
      Sydney
      332 8 THE market eased In quiet trading yesterday, dealers said. BHP fell eight cents to $7.12 and CSR three to $3.05, while the Bank of NSW rose two to $6.04. and TNT one to $1.12. Renlson fell $1.20 to $9.80, BH South 13 to $1.20, Western Mining five to $1.58
      332 words
    • Article
      Manila
      109 8 THE market closed mixed with commercials gaining slightly yesterday while minings and oils declined, dealers said. Turnover roee slightly to 5.95 om JUNE 14 Pe*oi Acoje Mining .0106 unch Atlas Con. A AtlajCon B 16.70 ♦0.4 Bagulo Oold 0082 unch BenguetCon B Br Goodrich 18 00 CDCP 17.20 unch
      109 words
    • Article
      Bangkok
      137 8 JUNE 1« Bahts Asia Fibre Bangkok Bank Bangkok Invest. Bangkok-Metro-255 371 •1 unch politan Bank Bau Berll Jucker Carpet Intnl CharoongThal 478 +4 Wire Dume* Duslt Thanl Faber Merlin First Trust 282 421 unch -10 Genera Finance Indo-Thal Industrial Finance Corp J And J Ho Jalaprathan 2465 ♦20 Cement
      137 words
    • Article
      Selected indices
      51 8 FINANCIAL TIMES INDUSTRIALS Thursday 469.2 Wednesday 112% to 113% H.K. HANG SENG Wednesday 471.9 Week Ago 469.3 DOW JONES AVERAGE INDUSTRIALS Thursday 844.25 SYDNEY INDUSTRIALS Friday 426.60 Wednesday 854.56 Week Ago 862.09 LONDON DOLLAR PREMIUM Thursday 112* to 113*4 ALL ORDINARIES Friday 498 89 Thursday 500.87 Week Ago
      51 words
    • Article
      Shares close mostly easier
      143 8 FA h'OJ'FAX MA IxKFTS EUROPEAN bourses closed mostly easier on Thursday. In FRANKFURT, share prices eased slightly on proflttaldng, dealers wld. In BRUBBELA Belgian share f trices were mostly lower in more Ively trading amid unconfirmed reports of an impending government resignation, bourse sources said. In
      143 words
    • Article
      Amsterdam
      207 8 JUNK 18 ru ABN 357 SO •14 Ahold 107.00 1 Akxo 30 30 -0 2 AMEV se w ♦0.1 Amtu 112.30 -1.7 Amrot Bank 75.40 +0.1 53"" SI.50 95.50 -1.5 •1 BoU 73 50 -0 8 Borsumlj 163 00 -0.4 Burhmann 73 40 ♦0.4 Byenkorf 93 00 1 Calve
      207 words
    • Article
      Paris
      269 8 JUNE IS Frs CORBEILLE Air-Llqulde B S N Gervais Danone C8F (ThomaonCtf) Cie Francaiae des Petroles Compagme Flnanciere Compagnle Qenerale Credit Fonder De France Hachette (Libraine) Machines Bull Mlchelin(B) Pari baa Pechlney Clglne Kuhlmann Peugeot Philip* (Nv Oem Bexlt) Prin temps S A Rhone-Poulence 8A Royal Dutch SuenCle Ft
      269 words
    • Article
      Jo'burg
      387 8 THE industrial board moved ahead in fairly active trade reflecting institutional demand on Thursday. Gold shares gained slightly In afternoon dealings but vere lower on balance with losses ahead of gains by some three to one. Dealers cited the lower bullion price as the main depressant. Mining flnanclals were
      387 words
    • Article
      Milan
      96 8 JUNE II Lire Anic 95 -S Assoc Gen ***** •140 Bailor 465 50 +0.5 Central* 3640 -50 Flat 1812 ♦2 Finslder 97 50 ♦0.25 Gen Immob 74.50 4-1.5 IFI Pri 2213 -21 Ilalcementl ***** -150 ItaJgas 086 -4 Ilalsider 182 -1 Magneti M Pf 474 -2.5 Marelli Ere 281.25
      96 words
    • Article
      Frankfurt
      213 8 JUNE li Dm Aef-Telefunken SI.90 -1.S Akio 28 10 Allz Leben 855 ♦5 Allz Vers 475 4-J BASF 140 20 -0 8 Bay H T Wbank 278 50 -1.5 Bay V ban It ***** -2.2 Bayer 140.50 -0.9 BBC 299.30xd— BMW 243 50 ♦OS Cassell* 350 3 Chem Verw
      213 words
    • Article
      Brussels
      90 8 JUTfE It Pra FORWARD MARKET Acec 310 -MO Arb«d 2350 -10 Ailur mo unch Brucan 493 unch Bru-Lamb 1490 -10 Canpac MO unch Cock na OeBeert 173 unch Ebes 2234 •15 Electrobel MOO -80 Qb-Inno-Bm 2056 15 Oev 1292 +2 Hobok 2450 unch Petro 3770 -85 Ryl Dutch 1885
      90 words
    • Article
      Zurich
      185 8 JUNE It Francs ActionsSuisse* 264 AluauiiaeBr 1370 5 Alusulsse Reg. 510 ♦2 Brown Boven Br. 1665 10 Clba Oelgy Br. 1163 10 Clba Oelgy PC #70 10 Clba Oelgy Rff Credll Suisse Br 598 2230 -6 ♦35 Credit Suisse Reg 412 ♦6 ElektrowattBr 17*0 ♦40 George Fischer Br 675
      185 words
    • Article
      Hongkong
      365 8 FOLLOWING a mixed overnight performance for HK shares In London and buying orders from Europe confined to selected stocks such as Wlnsor, China Engineers, HK Land and SHK Securities, the market was expected to consolidate yesterday especially ahead of the weekend and following the overnight drop on Wall Street.
      365 words
    • Article
      Prices fall sharply over broad front
      1269 8 NEW YORK AMD indications that the stock market Is entering a corrective phase, prices fell sharply over a broad front In active trading on Thursday. "I think market's path of least resistance for the near term Is downward," commented Mr. Harry Laubecher of Blyth
      1,269 words
    • Article
      Toronto
      188 8 JUNE IS C8 Abitibi Alcan Algoma Bank Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd Braican Camp Red Lake Can Imp Bk Canpac CanpacInvPf Carllng O'Keefe Comlnco Cons Bath Cons Marbenor Dankoe Denlson Dom Stores Dom Tar Dome Mines Falcon bridge Falcon bridge Cop Oenstar Ot
      188 words
    • Article
      CHICAGO BOARD OPTIONS
      1448 8 June 15 VOLUME on the Chicago Board Options Exchange on Thursday slipped to 109,149 contracts from 142,922 on Wednesday. OPTION JLY OCT JAN STOCK Alcoa Alcoa Alcoa 40 4 5 UNTRD 433/6 45 11/4 23/4 UNTRD 433/6 SO 11/4 5/16 17/6 433/6 Am Tel 55 61/4 UNTRD
      1,448 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      165 8 X- n s More than just large, frilly masses of tropical lavender orchids are a 30,000-member family of incredible diversity, spread over the globe from the sub-Arctic regions to tropical South-east Asia. They employ an astonishing range of techniques in pollination, bloom for as short a time as five minutes
      165 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Rothmans move brings Rupert into limelight
      852 9 r EUROPEAN THE NEWS that Rothmans International Is poised to acquire for cash a substantial holding in a sister company, Rothmans of Pall Mall Canada, means a rare appearance In the headlines for one of the world's most powerful and secretive industrials Dr. Anton
      852 words
    • Article
      Lock icon SUITORS OF HUSKY OIL INCREASE THEIR BIDS
      358 9 Reuter. THE TWO companies competing to take over Husky Oil Ltd. a firm with extensive heavy oil holdings In western Canada, have increased their bids. FlrsU Petro-Canada, a Canadian governmentowned company, said it is offering $52 a share for all of Husky's common
      Reuter.  -  358 words
    • Article
      Lock icon AMAX EXPECTS TO RECOVER
      193 9 Reuter. AMAX Inc expects earnings to recover in the remainder of this year from the disappointing first quarter, affected by the harsh US winter and coal miners' strike. Its chairman Pierre Gousselan said at a meeting in Frankfurt to launch Amax shares on the local stock
      Reuter.  -  193 words
    • Article
      Lock icon Heinz is optimistic
      124 9 Reuter THE H.J. Heinz Company, a diversified food products maker, expects to report fiscal fourth-quarter earnings of about US$l.54 to $1.57 per share, up from $1.34 a year earlier. A spokesman said the earnings In this year's period win include a $6.5 million after-tax writedown of some
      Reuter  -  124 words
    • Article
      Lock icon Production of Rovers at a standstill
      99 9 Reutor. PRODUCTION of Rover can and Land ud Range Rovm k at a atandatill at Brituh Loyland'a plant at Solihull, Wert Midlands. A a pokes man said the company baa laid off}, MO of the 11.000 workara at the plant and more lay-offa are
      Reutor.  -  99 words
    • Article
      Capper Pass declares force majeure
      71 9 UK TIN refiner Capper Pass Ltd said it has declared force majeure on all sales contracts, effective immediately. The Rio Tlnto Zinc Corporation Ltd subsidiary said this follows an Industrial dispute at Its works In Yorkshire which has now closed. Due to the nature of
      71 words
    • Article
      Lock icon Gelsenberg
      48 9 Reuter. GELSENBERG AG shares were suspended on the Frankfurt bourse on Wednesday at 94.70 marks per share following the Veba AG share-or-cash offer, bourse sources said. Veba is offering a choice of two Veba shares for every three Gelsenberg shares or 120 marks cash per Gelsenberg share.
      Reuter.  -  48 words
    • Article
      Soviet deal
      35 9 CREUSOT-LOIRE company Wean-Damiron has won a contract worth over 100 million French francs million from the Soviet Metallurgimport for the supply of metal sheet production lines which should be in service by 1980.'
      35 words
    • Article
      GROUP PROFIT OF DE LA RUE HITS RECORD
      938 9 THE RESHAPED De La Rue Company achieved further progress In the year ended March 31. following on its enormous growth In the previous 12 months. With all activities contributing and including the results of Formica International (FIL) last time, group taxable earnings
      938 words
    • Article
      Lock icon Power problems hit Kaiser production
      445 9 N.AMERICAN b 4 Reuter. KAISER ALluminum and Chemical Corporation, the third largest American aluminium producer, will lose more than 50,000 tons of aluminium production from its Volta Aluminium Co Ltd (Valco) smelter In Ghana, West Africa, due to power outage problems. Company officials told Wall
      Reuter.  -  445 words
    • Article
      Lock icon Loss forecast for Gen Dyn
      66 9 Reuter. GENERAL Dynamics Corp said its agreement with the US Navy to absorb a fixed loss of US$359 million or $187 million after taxes will cause it to incur an overall loss for 1978. The company noted that It had earlier forecast record earnings from
      Reuter.  -  66 words
    • Article
      Lock icon Uniroyal to quit US footwear business
      106 9 Reuter. UNIROYAL Inc, a manufacturer of chemicals, tyres and plastics, said it is getting out of the footwear business in the United States. The company signed a letter of Intent to sell the footwear operation to a newly-formed group headed by Oxalaga International Enterprises
      Reuter.  -  106 words
    • Article
      Lykes-LTV merger
      64 9 THE US Justice Department said it will take quite some time before it decides whether to oppose the proposed merger of LTV Corp and Lykes Corp. which would form one of the nation's largest steel companies. There had been rumours that the department's longawaited position on the merger
      64 words
    • Article
      Lock icon Corning ups and downs
      728 9 NYT. THE Corning Glass Works, a company that has not performed well in economic downturns, may do better in such periods In future. That, at least, is one way of viewing the strength in the shares of this oldline, blue-chip holding. Corning is known for such
      NYT.  -  728 words
    • Article
      Lock icon Asarco cuts price of cathodes
      180 9 Reuter. ASARCO Inc. the largest US copper producer, has followed the lead of Kennecott Copper by cutting iu own prices two centa •pound t065 centa for cathodea, top copper industry sources said. However, Kennecott's price for cathodes has dropped 2.20 centa per pound to 61.70
      Reuter.  -  180 words
    • Article
      Phelps Dodge follows suit
      39 9 PHELPS Dodge Corp said it is reducing by two cents Its base price for whole plate electrolytic copper cathodes, to 65 cents per pound, effective with shipments June 15. Extras for refinery shapes remain unchanged.-
      39 words
    • Article
      Lock icon Kennecott
      42 9 Reuter. KENNECOTT Copper Corp said It Is postponing Its annual meeting until June 20, because a certified tally of the voting at Its May 2 meeting Is not available. Kennecott said the tally should be available for the next meeting. Reuter.
      Reuter.  -  42 words
    • Article
      Lock icon Philip Morris
      40 9 Reuter. PHILIP Morris Inc said It la studying a possible rise In its cigarette prices but no decision has been reached. The company, which has about 00 brands, last raised cigarette prices in the summer of 1977. Reuter.
      Reuter.  -  40 words
    • Article
      Continental
      29 9 CONTINENTAL Illinois Corp said It has fUed a registration statement with the Securities and Exchange Commission covering the proposed public offering of three million shares of common stock.
      29 words
    • Article
      Lock icon Sony sees 7 to 8pc sales rise
      490 9 f S ASIAN Reuter SONY Corp expects an Increase of 7 to 8 per cent In sales In Its 1978 business year ending October 31. However, the company pannot predict its net Income for the year In view of wide exchange rate fluctuations,
      Reuter  -  490 words
    • Article
      Lock icon Chrysler Australia's one-for-two issue
      131 9 Reuter. CHRYSLER Australia Ltd said it will make a one-for-two non-renounceable issue of shares to holders registered as at July 21 at Asl par each. The issue will Involve 11.24 million ordinary shares and up to 1.99 million "A" ordinary shares. The company's parent. Chrysler Overseas
      Reuter.  -  131 words
    • Article
      Decline in earnings for Kobe Steel
      116 9 KOBE Steel Ltd of Japan, which deals with Iron and steel, non-ferrous metals, welding consumables, machinery and plant engineering, announced that Its sales and earnings for fiscal 1977 (April 1977 March 1978) declined, compared with those 1 or the previous fiscal year. Sales were
      116 words
    • Article
      Lock icon Toshiba's colour TV plant in Nashville
      111 9 UPI. TOKYO Shibaura Electric Co, maker of Toshiba electric appliances, will manufacture colour television sets at its factory In Nashville, Tennessee, starting in August. A spokesman said the company will initially produce 5,000 units of colour television sets and it hopes to boost the
      UPI.  -  111 words
    • Article
      Lock icon HK bank sells US branch
      112 9 Reuter. HONGKONG Bank of California said it has agreed to sell its Enclno, California, branch office to the First State Bank of Enclno for an undisclosed sum. In April, Hongkong Bank of California's parent company, Hongkong Shanghai Banking Corporation, announced an agreement to take a
      Reuter.  -  112 words
    • Article
      Lock icon Spanish state oil company
      81 9 r i BONDS&LOANS Reuter. SPANISH state-controlled petrol company Enpetrol is raising US$OO million 10year loan with a four-year grace period and at 3/4 per cent over London Interbank offered rates, informed banking sources said. The four banks handling the loan are Chase Man- hattan, Manufacturers Hanover,
      Reuter.  -  81 words
    • Article
      Lock icon ICI Finance bond issue overbought
      53 9 Reuter. ZURICH: The 100 million franc 4.2S per cent 15-year bond issue floated here at par by ICI Finance (Netherlands) NV has been oversubscribed, Union Bank of Switzerland said. The tranche reserved for residents was covered by subscriptions received while that available for non-resi-dents was
      Reuter.  -  53 words
    • Article
      Lock icon Courtaulds and Telefon
      51 9 Reuter. COURTAULDS Ltd and Telefon A.B. LM Ericsson will both prematurely redeem their 50 million franc 5.5 per cent Bwiss bond issues, the Zurich stock exchange said. Courtaulds will redeem Its Issue due 1982 on October 1 and Ericsson will redeem Its issuedue 1963 on September 10.
      Reuter.  -  51 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      120 9 For a Successful BANKING Career I LIT PTA ERAI MA SCUD NET Wblsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma (AIB). The duration
      120 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1388 10 HD aad offer prices officially Mated aad butfneas In aad rspertsdto the Mm Exchange of Bmaapora yaster day wttb the nuaabar oft6mrm traded shown In brackete In iota of 1,0(0 uaita unless otbsrwtss specified. All Tbne Settlement ODotraeU are quoted altar tba world "aatt." BS< Board deal (ki
      1,388 words
    • Article
      Government and corporate bonds
      362 10 4 3/4% IS/9/00 (250,000) (100.408 100.508) (105.068) fTLIw/ l</4/BI f** o 000 (105 008) IVVII (250,000) (100.068 100.758) fSu"LI. 250 00 (105.208) r 1/1/02 250,000) (100.458 100.558) ottlx? 1 1 4 (2M 000) 7% 15/4/86 (250,000) (100.908 101.068) 7 1/4% IS/4/90 250,000) (101.00B) 7 1/4% 10/10/00
      362 words
    • Article
      Stock options
      114 10 STRIKING prices of the clock i options officially listed on the i Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown In brackets Cofcl Storage (Sept ll.Tf) (•.MB 8.M8) C aad C (Sept 12.30) <2.M8 2.708).
      114 words
  • Article
    SHARE INFORMATION SERVICE
    2443 10 1978 High Low Company Last Sale +OTGr'i Div Div Crr Gr'i Y'ld Net P/E Vol ('069 Day High Low 4 SECTION ONE INDUSTRIALS 196 214 < 172 225' 83 215 238 210* 478 432 132 123* 112 195* 60* 162 173* 140* 256 394 Acma Alcorn Allied
    2,443 words
  • Article
    In Kuala Lumpur
    1519 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in IoU of 1,000 units unless otherwise specified. INDUSTRIAL* A<M i I.MB 1.0 M) CO. AIMIMMU (2.508 2 6*B) 2
    1,519 words
  • Article, Illustration
    Bulls return and volume picks up
    672 10 MARKET favourites 81a Ckew Jit Pok sad Naayaag Praaa stormed tkreugk M attaia bow kiglu ea Ikt Stock Kukm at Stagsput ywtifdif* 81a CWw surged 12 esato ■heed before proflt-takiag ksld it to Q.M, up 8 osats .lt attracted aethw trading sf 150,000 skaras.
    672 words
  • Article
    KLSE makes good gains
    591 10 IMPROVED sentiment amid generally active condition* resulted in a steady finish at the Kuala Lumpur stock market yesterday. Trading was brisk to the point of being hectic in the afternoon session a* market operators once again returned to the scene. Market observers say the easing of
    591 words
  • Article
    Unit trusts
    62 10 ■"owMwirrwwr ntogtat »ohp uwrr S235Si,-:: W0 M 0, lM lM FUWD S'por* IimMPnnd ill ijLS te£od BmhSSm' SJS 12 H in M| 1«M sz'zs.vs, m ssasssr. »"rs SSC3«lL BSSERSS 1:5 ,J S *sr— _<P»..w......... l.M IM MAKTMD UWTTWT ■&>! <Mi m jrtw.hr J—W JT*> JO 1.* SporeOtwth Nimto
    62 words
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  • COMPANY NEWS
    • Article, Illustration
      Outlook at Matsushita Electric bright
      677 11  -  •r STEVEN TAN MATSUSHITA Electric company which marked its tenth anniversary of continuous earnings growth last year with a 45 per cent rise in pre-tax profit to a record $8.54 million is confident of the future. It is confident of maintaining its position as a
      677 words
    • Article
      Impressive profit jump at Petaling Tin
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      COMPANY MEETINGS
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      123 words
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      Pegi Malaysia scrip
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      106 words
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        40 words
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        Consolidated Plantations Ltd:
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      85 words
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      202 11 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader wrt>o wants to become familiar with this sutyect, as well as a prelude to further study and a complement to formal elementary textbooks for those wrtio wish to 90 to statistics
      202 words
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    918 12 Agencies. THE Organisation for Economic Cooperation and Development ended its twoday meeting In Paris deeply divided over how to cope with the threat of increased protectionism. British Chancellor of the Exchequer Denis Healey summed up European feelings yesterday when he said most European
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