The Business Times, 21 June 1978

Microfilm: NL9737
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, JUNE 21, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      New force
      69 1 KUALA LUMPUR, Tues. Europe has not yet taken sufficient note of the potential strength and Importance of the Asean area and Its economic significance for Europe as a whole. The European-Asian Bank, in its annual report, said Asean is increasingly being viewed on International levels as a new
      69 words
    • Article
      Lock icon Eagles for Japan
      54 1 UPI. TOKYO, Tues. The Japanese government today approved a multl-'billion dollar programme to buy sophisticated Jet fighters and antisubmarine patrol aircraft developed by the US. The plan calls for Imports or domestic production of 100 F-15 Eagle fighters, produced by Mc-Donnell-Douglas and 45 P3C Orlons developed by
      UPI.  -  54 words
    • Article
      Lock icon Big talk
      59 1 UPI. HONGKONG, Tues. Chinese Communist Party chairman Hua Kuo-feng today opened In Peking the largest finance and trade conference. Some 5,000 delegates gathered at the Great Hall of the People to "exchange experience and take decisions on how to make their work help the national economy in the
      UPI.  -  59 words
    • Article
      Lock icon Round after round
      62 1 Reuter. BRUSSELS, Tues. Common Market negotiators will have another round of talks with Japanese trade officials this week In Tokyo. A spokesman for the EEC's executive commission today said the head of Its external affairs section under commissioner Wllhelm Haferkamp, Sir Roy Denman, will go to Tokyo
      Reuter.  -  62 words
    • Article
      Lock icon Fertiliser merger
      59 1 AP TOKYO, Tues. The world's biggest fertiliser company will be established In Japan through the merger of five existing firms affiliated with the influential Mitsubishi group. According to Industry sources, top Mitsubishi leaders have decided to amalgamate Nippon Kasei Chemical, Nltto Chemical Industry, Kashima Ammonia, Tohoku Hlryo, and
      AP  -  59 words
    • Article
      Lock icon Growth unchanged
      67 1 UPI. WASHINGTON, Tues. The US economic growth rate was unchanged during the first quarter, a performance that is now quite as dismal as originally reported. The Commerce Department said two months ago that the gross national product fell 0.6 per cent during the first quarter. It revised that
      UPI.  -  67 words
    • Article
      Offshore royalty
      81 1 KUALA TRENGGANU, Tues. The Trengganu state government was today presented with a M 55.7 million cheque for Its first 5 per cent royalty from the offshore oil. Petronas chairman Tan Sri Abdul Kadlr Shamsuddln, making the presentation to Mentrl Besar, Datuk Haji Wan Mokhtar Ahmad, said the royalty
      81 words
    • Article
      Lock icon Dow Jones
      61 1 UPI NEW YORK, Tues. Prices moved lower In fairly active trading of New York Stock Exchange issues early today. The Dow Jones industrial average, which had been up fractionally in the first few minutes of trading, was down 1.99 points to 836.88 around 1500 GMT. Declines topped advances,
      UPI  -  61 words
  • Article
    In Singapore yesterday
    127 1 Rises PMHldga YHS Berjuntai M Brewerie* Tronoh Mine* FAN Nat Iron Taipiac Textile S T P 1975 Cold Storage Mega Chem 245 300 840 560 615 510 462 127 660 236 138 +33 +26 +20 +20 15 12 12 12 10 +9 +9 Foils OCBC C AC
    127 words
  • Article, Illustration
    In Kuala Lumpur
    179 1 Rises PM Hold 2 40 .40 Castlefleld 11.50 .30 K Kampar 3 60 .20 FandN 5.25 .20 A AmaJ 5.40 .20 Kamuntlng 2.45 .19 MUInd 2.20 +.16 S Trading 7.40 .15 C Storage 2.42 .12 Hume (FE) 1.92 .11 Kuchal 1.20 .10 Merlin (S) 2.45 .10 Foils
    179 words
  • Article
    Cho tries again for FEH shares
    1057 1  -  OFFER STANDS AT $1.18 By QUEK PECK LIM SHAREHOLDERS of Far Eastern Hotels Development Ltd (FEH) will soon be given a chance to sell their long suspended shares. This follows an announcement that the Securities Industry Council (SIC) has agreed to a new bid
    1,057 words
  • Article
    TARLING ESCORT LEAVES FOR LONDON TODAY
    211 1 A SENIOR police officer, ASP Roger Lim, leaves Singapore today for London to escort Richard Tarllng, former chairman of Haw Par Brothers International Ltd.. back to face charges in the Republic. The British Government had earlier rejected his appeal against an extradition petition by
    211 words
  • Article, Illustration
    America must not shut out Asian rivals
    714 1  -  ■y TERESA LIM THE newly industrialising nations of Asia pose the latest challenge to the US In world markets, and the US must make sure that this new competition is in keeping with accepted international trade rules. It should also seek to develop
    714 words
  • Article
    Royal Bank of Scotland to run AMB from next month
    325 1 THE ROYAL Bank of Scotland will assume management of the Associated Merchant Bank from next month. This follows last May's sale of a 34 per cent equity stake in Associated Merchant Bank (AMB) to RBS by Associated Securities Ltd (ASL)
    325 words
  • Article
    Market rally gives Haw Par $25m boost
    622 1  -  •r MANO SABNANI THE recent strength of the Singapore and Hongkong stock markets has thrown up a surplus of more than $25 million over the book value of long-term quoted Investments held by Haw Par Brothers International. Among them is a 16.5 per
    622 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      28 1 whatever you need in menswear,get itat... MOHAN'S DEPT. STORE (PTEJ LTD. 321, Orchard Road Tel *****22 (next to Mandarin Hotel) Branch: 101,TangNn Shopping Centre 1M *****40 Daily '9am-9pm
      28 words
    • Advertisement
      Page 1 Advertisements Column 2
      40 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant mm*****#* iej fty HEnRV nnc qgehcies pte ltd BBU\t AGt\l Mi DISTHI&uTOHS 144 K JAL A N CHtVALItB BAMDAP Si Rl Bt OAWA BRUNt Tt L 2566f
      40 words
    • Advertisement
      Page 1 Advertisements Column 3
      73 1 Leader Pag* f wm. SHIPPING TIMES HITACHI TV plant wuttoi for PROF ParUnoa'i Law rom—training in Japan 2 of ago 7 AMEX intmniflrw 2 READING United Plantations' keppel S"*™* -«<»— ii to lid BANCO do Brasil jssso* on OF auditor's qualification and k-.n- f fTT. 12 ■■•ro performance DAY two
      73 words
    • Advertisement
      Page 1 Advertisements Column 4
      205 1 r >1 LANIER COURIER 5" high erfect itary.... 10 OK. Wt. works 24 hours a day and never grumbles AgartDON MCM*****8/53T163 J The desk llial 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
      205 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      375 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, BITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC June 8-22: Personnel guidelines policies, Hilton, POD June 19-22: Industrial relations for supervisors, SIM, SIM June 21-24: Sales conference, RELC, PT Richardson Merrell Indonesia June 15-July
      375 words
    • Article
      Tokyo training for Hitachi TV plant workers
      480 2  -  By RONNIE LIM HITACHI will send workers for Its colour television tube plant to Japan for training. They will undergo training a few months before the plant starts production in 1980. The plant is a joint venture between Hitachi, which holds 70 per
      480 words
    • Article, Illustration
      Malaysia puts investors in the picture
      415 2 AUSTRALIAN investors were told that there are considerable potential in Malaysia for exportoriented industries especially in those which are labour intensive and use local raw materials. These industries are encouraged by the government, said the secretary feneral of the Malaysian 'rade and Industry Ministry,
      415 words
    • Article
      Lock icon CHINA TO BUY THAI PRODUCTS
      255 2 Reuter, UPI. CHINA will buy Thai products worth about 430 million baht (about Ssso million), Commerce Minister Narm Poonwathu said. He said on his return from Peking an agreement was signed during his visit for the sale of 100,000 tonnes of maize, 10,000 tonnes of
      Reuter,; UPI.  -  255 words
    • Article
      Six from Singapore kept the flag flying at Shipcare
      294 2 SIX local shipyards represented Singapore at the Shipcare 78 exhibition la Hamburg earlier this year. According to the latest issue of Sasar News, published by the Singapore Association of Shipbuilders and Repairers (Sasar), the six were MMgg some 350 participants from
      294 words
    • Article
      SUPPLY OF GAS HOLDER
      98 2 SEMBAWANG Engineering has won a contract for the supply of a gas holder for the klm Chuan Sewage Treatment Works. The $800,000 contract entails the refurbishing of an existing gas holder and the supply, erection and commissioning of a dry seal gas holder along with all
      98 words
    • Article
      Maharajahs cash in on the tourist boom
      398 2 INDIA'S tourist boom has caused an acute shortage of hotels in the country and the Indian government is busily drawing up plans to cope with the million tourists expected In 1980. At present India has 18,000 rooms In nearly 300 government approved hotels,
      398 words
    • Article
      Yeo Hiap Seng, shopowners in deadlock
      366 2 YEO Hlap Seng's offer of two free bottles of soft drink for the purchase of every crate of its drinks Is not a solution to the dispute over the Increase In deposit for the new plastic cases, according to Mr Wee Boon Chye, chairman
      366 words
    • Article, Illustration
      Amex goes all out
      155 2 AMERICAN Express has set up a new traveller's cheque regional office In Singapore to cover South-east Asia, as part of its expansion programme to extend the number of traveller's cheque outlets and increase sales in the region. Heading the office in Malayan Credit House in Somerset
      155 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      305 2 A Ai to expand my, business. Wee Kok Wah, Stamford Tyres. JL i( w-' Recently, in an RTS documentary called the "Money Link", Mr Wee Kok Wah of Stamford Tyres explained how he found the funds he needed to expand his tyre and tyre retreading business. He spoke of the
      305 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      590 2 CRYPTIC PUZZLE ACROSS 1 A horse may be last out of It (ft) 7 He's not the only one deserving hi*m» (g) 8 Sound or hair beinf cut? (4) 10 Charges Spicer made? (6) 11 Lordly bowler? (g) 14 Suffer from terrible twinges (3) 16 All-round medicine (5) 17 Anatomical
      590 words
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  • OVERSEAS
    • Article
      Lock icon German central bank suspends 10-day bill offer
      365 3 Reuter. THE BUNDESBANK on Monday suspended its 10day bill offer through which it accepts such bills from commercial banks at 31/4 per cent under a repurchase agreement. The bill offer, used by the Bundesbank to provide the banking system with supplementary liquidity, was
      Reuter.  -  365 words
    • Article
      Lock icon CHILE'S MASSIVE COPPER RESERVES
      202 3 Reuter. CHILEAN copper reserves, including their molybdenum, silver and gold content, are worth US$27O billion (Ss62l billion) at current depressed world copper prices. This was disclosed by a team of experts at the Chilean Metallurgical and Mining Research Centre In a book entitled "On copper and
      Reuter.  -  202 words
    • Article
      Lock icon Bank of England appeals for wage restraint
      547 3 Reuter A VERY marked and distinct fall in the rate of UK wage increases is needed in the next pay round from Aug 1 if the success of efforts to contain inflation is to be pressed home, the Bank of England said. In
      Reuter  -  547 words
    • Article
      Lock icon Yields rise at US Treasury bill auction
      731 3 Reuter. THE average effective yield on US. Treasury bills rose to 6.666 per cent for threemonth bills and 7.228 per cent, for six-month bills at the latest weekly auction. The US Treasury said, the three-month yield was up from 6.618 per cent last
      Reuter.  -  731 words
    • WORLD IN BRIEF
      • Article
        Lock icon PEKING BUYS MORE WHEAT
        389 3 Agencies CANADA announced the sale of three million tonnes of wheat to China, raising total wheat purchases by Peking so tar this year to four million tonnes. The value of the deal was not revealed. China's wheat crop has been plagued by bad weather for the
        Agencies  -  389 words
    • Article
      Lock icon London exacts a pretty penny a day
      159 3 UPI. IT COBTS visiting foreign business executive more than £50 (*****) a day to ■toy in Britain, according to a new survey published on Monday. Hie figure does not include any provision for expense-account entertaining, the magasine Business Traveller said. The cost of
      UPI.  -  159 words
    • Article
      Lock icon EEC ministers set their sights higher
      869 3 Agencies. FINANCE ministers of the EEC have agreed to aim for an economic gfowth rate next year of at least 1.5 per t A bo e the «*P«cted rate 2.5 to 3 per cent this year. The ministers, whose meeting in Luxembourg ended yesterday,
      Agencies.  -  869 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      71 3 v V V T "*> '-JPw mktzMrjmß r^:'iL >3^ laMLvia SR-*' 'f^ J *j J J ?>':-.i.J-':••?..? ,3iSi Pjritiv >•;>'» CTW!I fc v J ?§r sffe' **L r^fl'jj f <*Si FijJg fir Please contact your travel agent or British Airways Reservations Tel: *****4. British airways We'll take more care of
      71 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      351 4 OPENING prices yesterday were marked down In the Singapore rubber market following lower London advices. The market fell further on Isolated offerings, although buyers appeared towards th-s morning close to help prices recover lyTurnover was moderate. The market closed slightly lower, with July RBB One buyers
      351 words
    • Article
      RAS PRICES
      309 4 R.A.8. prices in ccnu per kilo yest erday: Noon ClOM (par kilo) (par kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 230.7S 231.75N 229.75 230.75N Int. 1-R.S.S. July 231.29 231.79 230.25 230.75 Int. 1 R.S.S. August 231.00 231.90 230.00 230.50 Int. 2 R.S.S. 221.50 222.S0N 220.90
      309 words
    • Article
      SSR AND SMR
      87 4 NOON 88 R and SMR prto w yesterday: ■AS SSR20 88R94 N.R.I.LB (1-ton pallet) (1-ton pallet) J (Cum 214.00 212.00 «ly at Mtk) Mkn i per kg) 216.00N 214.00N Aa (Forw: Buyer* (casta 219.00 213.00 «vet irdMtk) Seller* i Perk«) 217.00N 219.00N SMR9CV SMR5L SMR5 8MR10 SMR20
      87 words
    • Article
      Closing prices
      29 4 Rabfaar: June 20 "■KTSm.-* (dowt 2.50 casta) Malaysia: July 2M.SS emu (down two ccata) Tin: Mi 1,752 H (up S2H) Official offering: 255 tirnass (down It tonnes)
      29 words
    • Article
      Produce exchange
      383 4 PEPPERS improved on the Singapore produce market yesterday. Coffee fell and copra held steady. Fresh buying interest from Europe pushed up prices of white pepper by $5 per plcul. Black peppers were steady. Arrivals totalled 82 tonnes black and 11 tonnes white. Coffee dealers reported a fall in
      383 words
    • Article
      Hongkong comex
      149 4 THE sugar futures market yesterday closed 3 US cents lower in quiet trading, with 12 lots traded against 34 on Monday. Net open positions after Monday s trading totalled 39 lots, while the Hongkong dally spot sugar price eased 0.10 to 7.00 cents. SUGAR futures closing prices: Oasiac
      149 words
    • Article
      Palm oil
      86 4 C.I.F. North European port*, in US dol LONDON. Uar per ion unh Maaday II 8 Malaysia 5H f fa bulk per tonne August Sumatra 5* f fa bulk June July August September October November Nigeria SH ffa bulk stg 585 sir unch 850 sir MS sir 577 50
      86 words
    • Article
      SPOT PRICES
      194 4 YARN and cotton In Hongkong dollars, spot ex-godown. Cattaa Tan: China Blue Phoenix 20 s 1.715. 32 s 2.190. 40's 2,230. (per bale of 400 lbs). Ptaea Oasis: China Butterfly and Qlobe Brand unq. Dragon Head unq. Five Lambs unq, Flower and Butterfly unq. Flying Oeese unq. (per
      194 words
    • Article
      Coffee
      149 4 TERMINAL in London opened £10 to £38 per tonne higher yesterday and turnover totalled 202 lots. Dealers said ths market eased slightly Initially on follow through selling from Monday's decline. However, this was soon absorbed by short-covering and local buying orders. Some market sources felt buying resistance could be
      149 words
    • Article
      Cocoa
      201 4 TERMINAL cocoa In London finished the first call £1 down to £12.90 up yesterday after initially trading near July £17.50 higher against New York at £1,810. The resale physicals market was very quiet. Sources said the Industry showed no sign of following the market higher after Monday's substantial advance.
      201 words
    • Article
      Sugar
      161 4 TERMINAL yesterday opened £1.60 to £1.20 per tonne below Monday's levels, with a turnover of 503 lots In London. Prices opened lower on mixed selling prompted by the overall bearish mood of the market and lack of fresh news to encourage support. The London dally raws price was down
      161 words
    • Article
      Rice
      199 4 BANGKOK rice prices quoted as follows yesterday: (US dollars per tonne FOB baiu Bangkok): White Rica: 100 pet lit clan 442. 100 82nd clan 427.100 pet 3rd clan 422. 1413. 10 pet 400. IS pet 302. 20 pet 29 pet tn. 38 pet unq Bnkn: A Super >47. A
      199 words
    • Article
      Wheat
      78 4 WHEAT futures on Monday closed several cents below the day's highs in Chicago, but with gains of three to 5% US cents a bushel. Only the deferred July finished In the loes column, off one cent. The market derived much ot its strength from speculation that new sales of
      78 words
    • Article
      Soybean
      55 4 SOYBEAN futures in Chicago closed mixed on Monday, with gains extending to eight cents a bushel. Losses extended to one cent. Soybean oil prices ended 0.23 to 0.10 cent a lb higher, with only the deferred May closing in the loss column, down 0.02 cent. Meal futures finished unchanged
      55 words
    • Article
      Straits tin
      137 4 THE STRAITS tin price in Penang yesterday roes MW--3/8 to fl ,732-3/8 per plcul on an official offering down 10 tonnes to 235 tonnes. IN LONDON yesterday, tin fell £32 for cash and £40 for three months standard. High grade was down £47 and £40 respectively. Dealers said
      137 words
    • Article
      Copper
      197 4 COPPER wire bars in London finished the morning with all round gains of £0.5 per tonne yesterday. Dealers said the early premarket was steady, reflecting overnight New York, but three months eased back from the Initial trade of £740 on lack of fresh physical demand. On Monday afternoon, copper
      197 words
    • Article
      Silver
      154 4 SILVER in London rose to 0.5 pence yesterday. Dea4ers attributed the movement to overnight gains at New York and strength in gold with the bullion dealers' fix a supporting Influence. Trade sources reported covering and some stoploaa buying which was met by profit-taking. Carries boosted turnover to 93 lots.
      154 words
    • Article
      Gold
      410 4 THE KHOBAR In Singapore opened ***** higher yesterday from Monday's close at $14,055. Profittaking at this level sent the price down to a low of $13,968. Firm support at the low level, however, helped the market to close at $14,003. Spot gold for London delivery opened at U*****.50/80 and
      410 words
    • Article
      Lead
      47 4 LEAD in London finished the morning up £0.25 for cash and unchanged for three months yesterday. The market was steady on small covering prompted by the tone In copper, with light profit-taking developing at the £322 per tonne level for three months. Sales were 1,200 tonnes.
      47 words
    • Article
      Zinc
      40 4 ZINC yesterday finished the morning down £3.25 for cash and £3.75 for three months In London. Three months traded down to £321 on the premarket, but partly recovered to reach £324 on the kerb under short-covering and fresh buying.
      40 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        523 4 THE US dollar dropped 300 points against the yen following heavy selling of the currency on Far East foreign exchange markets yesterday. It touched the new post-war low of 210 yen. Opening at the 213.50/60 level against the yen in Tokyo In early morning, the dollar had initially
        523 words
      • Article
        Asian $ and CD rates
        153 4 Asian and CD rates ASIAN currency deposit interbank rate* as at cloae on June 20 U8Mlan(8pM) 7 days 1 mth 2 mths 3 mths 6 mths mths 12 mths 77/1 a vie 8 7/16 8 3/4 9 1/8 ei/a 93/18 8w. Prs. 71/4 81/18 8 3/18 83/8 91/19 Dm. 1
        153 words
      • Article
        Zurich
        47 4 ZURICH exchanges closing quotes on June 19. us i.mis-ssh Btf J.4SS4-4710 Can 1.17 Dmk M 4211-MM Dfl M.MS7-43M Ffr 411M4-1770 Bfr 5.77W-77M Dkr 33 4544-SIM Nkr »TW MM Skr 4# 9»1-41<DM uto.ao»-an All* acta 12 MS3-MOl Port 4.12M-1370 Spain 2 3M4-3M2 Art IM-M Ten 0 MM-M7l
        47 words
      • Article
        Discount
        44 4 RANGE of price* offend by discount houses on June 20 Overnight J* to Call deposits 3K« Clash* 3-month Treasury bills 3-month Bank Mils 3-month CD ft-month CD amytmt 31/4 415/lft 4 15/lft 5 3/10 31/1 411/11 413/lt 51/lft Source: National Discount Co Ltd.
        44 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
        21 words
      • Article
        Australia/ NZ
        54 4 AUSTRALIA/ NZ exchanges quoted on June 20. AUSTRALIA: OS (JOJUIt *****/ 1 ISM SUrhng 0 (243/ •.•ITS Ninety -day air mad buytna rata*: SCaritnc O.M4*/ US <fi» l/TOI Ninety-dajrfarward buying rataa: US doifua 1 ISM NSW ZKALANDSlerllna 0.K71/ 0 tA46 US dollar 1.0254/ I.SIM !!S!Er s jsr*''~ TO
        54 words
      • Article
        London
        230 4 THE YEN surged to a new post war record of 210.25/50 to the dollar before edging back slightly to 210.70/211.00 on profit-ta-king yesterday. This compares with an overnight 213.35/55. Mounting publicity of views that the yen should appreciate further has triggered renewed upward pressure on the Japanese unit. Dealers
        230 words
      • Article
        Tokyo
        143 4 THE US dollar for overnight delivery yesterday closed sharply lower in hectic trading at 211.60 yen, compared with a 213.50 opening and 215.60 on Monday, after falling to a postwar low of 211.10 at one point. Trading volume was heavy at US$766 million. The US unit feU to 211.10
        143 words
      • Article
        Hongkong
        127 4 THE US dollar yesterday dropped sharply against the yen In active trading In line with Its decline In Tokyo. It closed around 211.60/80 yen, above an earlier 211.20 low, but sharply below its New York closing 213.20 mid-point overnight. Trading in other currencies was slow with the dollar .slightly
        127 words
      • Article
        New York
        102 4 THE DOLLAR closed mixed, although off its lowest levels, in quiet trading on Monday. The US unit was helped by Saudi Arabian Oil Minister Sheikh Yamanl's statement that he believes a further decline by the dollar will be temporary. The yen climbed to 0.4691/95 cents, or 213.08 mid-point,
        102 words
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  • TRANSPORT
    • Article, Illustration
      Keppel Shipyard continues slide
      740 5  -  ■y TEO TECK WENG REFLECTING the prolonged shipping recession, Keppel Shipyard's earnings continued to fall, sliding 7 per cent to $31.8 million last year despite a 5 per cent Increase In sales revenue. But this is a creditable performance since the worldwide slump has cast a
      740 words
    • Article, Illustration
      SHIPS IN PORT
      541 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alshan (HPPD) after Eastern Poseidon) 25/26 Blue Shark (HOEA) (0900 after Expresso Special) 27/28 Bunga Seta war (0600) (Subject freeboard) 18 Fortune Trader (0600) (Subject freeboard) 22 Izuml Maru (1100 hauls 70 m west after Phemlus sails) 12 JolnvlUle (2100 after Phrontls
      541 words
    • Article
      Lock icon Bran iff keen on Texas-West Asia oil run
      311 5 Reuter. AP, BRANIFF International asked the US Civil Aeronautics Board on Monday for authority to fly between Texas and West Asia. The time has come to authorise air service connecting the American soiuh-west, through Dallas-Fort Worth and Houston, with the oil centres
      Reuter.; AP,  -  311 words
    • Article
      JAL strike hits 12,000 passengers
      144 5 MEMBERS of the Japan Air Lines Cabin Crew Union struck for the second consecutive day yesterday forcing cancellation of nearly half the airline's domestic and international flights scheduled for the day. JAL officials said some 12,000 passengers were affected by the walkout of 300 members
      144 words
    • Article
      FAR EAST FREIGHTS
      1170 5 CHARTER rates are rising. Fixtures have been signed approximately 15 per cent higher than those done last month. One reason for the Increase is the poor harvests in China and Russia, creating a demand for more vessels to move agricultural products. Another reason is that financial Institutions
      1,170 words
    • Article
      Japanese join surplus cartel
      131 5 JAPAN'S two major shipping companies, in an effort to tide over a business slump, will Join in the Lon-don-based International Tanker Service (ITS) to put surplus tankers in mothballs. The Japan Tanker Owners Association said the two firms are Japan Line Co. and Sanko Steamship Co.
      131 words
    • Article
      Lock icon LONDON FREIGHT
      185 5 UPI. BUSINESS remained heavily weighted in the Western Hemisphere where Atlantic grain bulker rates continued their decline. US Gulf-Japan grain rates dipped to their lowest level for a month and a half when payments to 30,000 tonners and 50,000 tonners dipped to US$l4 and U5512.50 (Ss32 to $28.75)
      UPI.  -  185 words
    • Article
      Lock icon Bombay surcharge
      57 5 Reuter. A 15 per cent congestion surcharge will be Imposed on all cargoes from Australia to Bombay, George Wills and Co Ltd said as managing agents for the Shipping Corp. of India Ltd The surcharge is effective as from the voyage of the Vlshva Sandesh, due to start
      Reuter.  -  57 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      726 5 ARRIVALS Service Local Operator Number Tine From MAS MH601 0700 KUL MAS MM682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0815 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP OIA OA 980 1030 HLP THAI TG423 1035 BKK SIA SQ103 10«5
      726 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      92 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Coll US for your local onward reservations l" 'v .«< ■'W Jf is at %i .your finger >-,■•" tip! a*../ ■&> MANAGING DIRECTOR SUPERVISOR or >"£ AIPHONE fir to o c V :.l> 'y* «p& WITH AIPHONE The internal intercom for
      92 words
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  • Article
    US must fulfil its promises
    346 6 THE US has made several attempts to emphasise its commitment to Asia, and Its awareness of the military, political and economic role that It must continue to play within thereglon. For Southeast Asia itself, the Mondale attempt remained only that, and was singularly unimpressive. But
    346 words
  • Article
    A frank view
    265 6 On US trade and investment in Asia, Mr. Holbrooke has as many optimistic things to say as he did on the other key elements of US policy in Asia. He uses a rather more persuasive argument though, than the usual expended on this topic. Instead of promising
    265 words
  • Article, Illustration
    Lock icon Putting trust back into a 'true and fair' audit
    2081 6  -  AUDIT and accounting practice hat been a recent topic of gome controversy in Singapore. A recent study completed in the UK, here reported by DR. MICHAEL FIRTH, a chartered accountant and lecturer in accountancy at Scotland's Stirling University, will only serve
    FT.  -  2,081 words
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      Page 6 Advertisements Column 1
      273 6 W A fc X tt Havelock Road B'pore 3. Tel: *****1 ion bar presents Tofco SHtsKifls The Jackson 5 of Manila Don't miss the exciting sounds of Toto it His Kids. This band of four brothers and a sister has the unique vocal style that made them the Jackson 5
      273 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      139 6 THE southwest monsoon has slackened over the whole of South-east Asia and generally stable atmospheric conditions prevail over most parts of the region. Singapore is therefore likely to be affected by isolated afternoon shotoers during the next three to five days. This may be followed by a surge of the
      139 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      269 6 SINGAPORE 5 3.00 PM Opening announcements followed by A Hundred Days Without Night 0 3.25 Diary Of Events (Malay) 0 3.30 Bonanza What Are Partners For 0 4.20 Intermission 6.00 Opening announcements followed by December Bride The Englishman 6.30 News in Brief 0 6 35 555 PM Opening announcements followed
      269 words
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  • Article, Illustration
    Lock icon Professor Parkinson's Law comes of age...
    1265 7  -  By FLORA LEWIS NYT PARKINSON'S Law will Soon be 21 years old, and Its author is working on a new edition bringing some of the statistics up to date. But •therwlse he feels his thesis Of useless proliferation of bureaucracy hasn't aged a bit.
    NYT  -  1,265 words
  • Article
    Lock icon Bonus schemes boost China's production
    933 7  -  By H.L. STEVENSON UPI. I»-CHUNGKING, the city dTSbarlng hills. Lei Hung's life in the machine tool factory he runs has been on a roller coaster in recent years. heading a parade of American visitors through a sfffawllng complex of buildings, several the size of football
    UPI.  -  933 words
  • Article
    STRAWS IN THE WIND
    706 7 FALLEN STAR, Deals Finder, erstwhile chief, of Sime Derby, has been retaiaed by e private compaay ia the Hoag Leong stable, to act "as a hind of broker" generating investment proposals for the group. However, his fabled financial wisardry may have deserted him this time, as
    706 words
  • Article
    IMF paints a rosy scenario
    997 7  -  FOBUH f ...on economics ■y CLYDE H. FARNSWORTH A WORLD torn apart by trade and banking incongruities while West Asia plies up petrodollars that was Paul E. Erdman's depressing scenario in his popular novel, The Crash of But there are other scenarios, and a rosier
    997 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      358 7 TODAY Lunehot OKOH It 4 m ii ?> 9 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GiNZA Hong Leong Bldg Raffles Quay. Tel *****81 r\ATSURA rchid Inn, Dunearn Rd Tel *****2 Enchanted evenings in fine Eim>pean tradition. Mirabelle I t M X
      358 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      29 7 BriStoW: FranJc Dickens I JOST UUCVC jo ST V^f ioosn/ Rottcm luck' just m>/ boosw fioTrew stinking luck j twc JUST HRDj it s To Tme RCGiNNirsiG OF 3//J
      29 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Investors stay on the sidelines
      581 8 TOKYO Source: DBS-Daiwa THE Nikkei Dow-Jones average yesterday closed at 5,474.80 yen a slight loss of 2.52 yen. The market continued bearish with light volume centring on exportrelated issues, although some speculative and oil Issues went up sharply. The morning market was relatively firm in
      Source: DBS-Daiwa  -  581 words
    • Article
      Lock icon Hongkong
      413 8 Source: SHK Sec. FOLLOWING a bullish report on Hongkong in a leading London newspaper concerning a Chlnsse bank-backed venture, and the subsequent buying spree In London last night, prices rocketed In early trading with locals bidding up for stock. Before heavy Institutional selling appeared, prices of 9.90 for HK
      Source: SHK Sec.  -  413 words
    • Article
      Sydney
      329 8 THE market was lower yesterday on end-flnanclal year factors and pre-Federal budget nerves. Uraniums eased, with Pancontinental losing 50 cents to 814.80 and Peko 20 to 85.30. Benison was steady at $10 while Western Mining dropped six to $1.51, CRA 13 to $2.40 and BH South two to $1.14.
      329 words
    • Article
      Manila
      118 8 THE market closed mixed with commercials and oils gaining slightly yesterday while minings declined, dealers said. Turnover rose slightly to 8.73 million pesos. JUNE n Pesos Acoje Mining All** Con A Alia* Con B Bagulo Oold Benguet Con. B BF Goodrich CDCP Inco B Landoll Lepanto B Marinduque B
      118 words
    • Article
      Bangkok
      116 8 THE stock market closed firm yesterday, dealers said. The Book Club Index rose 0.98 point to 165.69 for a turnover of 61.8 million baht. Among the gainers, Bangkok Bank and Thai Farmers Bank advanced two baht each to 371 and 364 respectively while Bank of Ayudhaya. which has untraded
      116 words
    • Article
      NIPPON ELECTRIC
      88 8 NIPPON Electric Co Ltd of Japan said it had reached basic agreement to take over Electronic Arrays Inc. of the US for about US$9 million. A formal contract will be signed by end-September allowing NEC to start production in the US in view of growing protectionist moves there
      88 words
    • Article
      Selected indices
      60 8 FINANCIAL TIMES INDUSTRIALS Monday 467.0 Friday 112* to 113% H.K. HANG SENG Tuesday 552.48 Monday 562.31 Week Ago 472.2 Week Ago 513.77 DOW JONES AVERAGE INDUSTRIALS SYDNEY INDUSTRIALS Tuesday 423.13 Monday 425.85 Friday 836 97 Week Ago 427.69 Week Ago 856.72 LONDON DOLLAR PREMIUM Monday 114* to 115
      60 words
    • Article
      Frankfurt prices edge higher
      211 8 EUROPEAN MARKETS EUROPEAN bourses closed generally mixed on Monday. In FRANKFURT, share prices edged higher alter an uncertain start Inttiety trading, with no medal factors in evidence on the market, dealers said. Bankings were most In demand. lea higher by Deutsche Bank, which gained two marks,
      211 words
    • Article
      Amsterdam
      225 8 JUNE ru ABN 3M50 4-1.5 Ahold 108 80 +03 Akio 30 10 +08 AMEV •4 70xd i -2.7 Am fas 111 00 -0 5 Amroi Bank 74 90 -0.6 Bergoss 46 00 -3 Berk 94 00 -1.5 BoU 73 30 -0.7 BorsumlJ 182 80 -1.2 Burhmann 74.00 unch Byenkorf
      225 words
    • Article
      Paris
      265 8 JUNE 19 Ft» 47CORBEILLE Air-Liquid* BSNGervaU Danon* C S F (Thom»onC*f) Cte Francaise des Petroles Compagnle Financier* Compagnie General* Credit Foncier De France Hac he tie <U braliie) Machine* Bull Mlehelln (B) Pari baa Pechlney CI fine Kuhlmann Peugeot' Philip* (NvOetn Beat) Prinlemp* 8 A Rhone- Poulence 8A Royal
      265 words
    • Article
      Jo'burg
      349 8 GOLD shares were quietly firmer on the stock exchange on Monday following an Initial marking up In line with weekend New York prices and higher afternoon European bullion Indications, dealers said. Oold market sentiment was reflected In the firmer mining financial sector. JUNE I* Rand INDUSTRIALS A Alpha 120
      349 words
    • Article
      Milan
      100 8 JUNK It Urc Ante #5 50 +0.5 Assoc 0*n ***** 250 BaJtogl 453 4-4 Centrtle 3451 85 Fl*t 1798 24 Flnslder 97 50 ♦3 75 0«n Imtnob 75 50 ♦0 75 IF1 Pn 2215 ♦37 iuilcemtnu ***** 170 IUlMer 182 ♦4 Macnetl M Pf 482 12 Marelll Ere 281
      100 words
    • Article
      Frankfurt
      207 8 JUNK I* Dm Aef-Telefunken SI SO -0.2 Akzo 28 20 0 3 AllxLeben MSB A1U Vers 485 ♦5 4 BASF 138 00 -0.1 Bay H T Wbank 280 50 1 Bay Vbank 317 1 Bayer 139 70 -0.3 BBC 29SB BMW 249 80 1.3 C&saella 347 -4 Chem Verw
      207 words
    • Article
      Brussels
      92 8 JUNK It Fr» rOKWAKD MAKKCT Acec 11» •i Arbed 2340 10 Astur 580 unch Braacan ♦83 Bru-Lamb 1500 4-2 Canpac 550 -to Cock 42V ♦7 De Beers 176 +2 Ebes 1255 -5 Electrobel 8420 unch 15 Ob-lnno-Bm 2000 Oev 1282 -2 Hobok 2215 -135 Petro 3840 -80 Ryl Dutch
      92 words
    • Article
      Zurich
      185 8 JUNE I* Francs Actions Suisse! 264 unc Alusulsse Br 17)0 -10 Alusulsse Rtf 510 Brown Boverl Br 1635 20 Clba Oelgy Br 1130 -30 ClbaOelgyPC Mi -30 Clba Oel«y Reg Credit Suisse Br 505 -3 2210 -30 Credit Suisse Ref 410 -3 Hektrowall Br 17S0 -10 Oeorge Fischer Br
      185 words
    • Article
      Bargain hunting trims losses
      1150 8 NEW YORK CONCERN About tighter monetary policy and Its effect! on interest rate* and the economy pushed stocks lower on Monday, although bargain hunting trimmed some of the losses Analysts said investors expect the rederal Reserve's open market committee will decide at Its regular monthly meeting
      1,150 words
    • Article
      Toronto
      335 8 SHARE prices closed lower In active trading on Mondav The Composite Index was off nearly tnree points with declines In 11 of its 14 component groups. Oils, off more than 13 points, led the broad decline. Losses outnumbered gains 249 to 170. Husky Oil. object of rival takeover bids
      335 words
    • Article
      CHICAGO BOARD OPTIONS
      1403 8 June 19 CHICAGO Board Options Exchange volume dropped to 99,029 contract! from 115,219 contract* on Friday. OPTION JLYw OCT JAN STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AUR AtlR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank Am
      1,403 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      229 8 i m X Mw N 3^ i N $105/ POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. Now on Sale at all good bookshops or order direct from In the kingdom of flowers, orchids are the undisputed glamour queens. Their elegance
      229 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon BP to acquire Union Carbide units
      147 9 Reuter. BRITISH Petroleum Co LM itid Uiln Carbide Corp and BP Chemicals, a wholly-owned BP subsidiary, i«ned ia principle for BP Chemicals to acquire two of Uaioa Carbide's European subsidiaries and other interests for around 118$400 million. BP said these Union Carbide interests together
      Reuter.  -  147 words
    • Article
      Lock icon Siemens spends more
      102 9 Reuter. SIEMENS AG plans Investments totalling 1.5 billion marks In this financial year ending Sept 30 against 1.2 billion marks In the Srevlous year (excluding j-aftwerkunlon and Transformatoren Union AG), company directors told a press conference. They said Siemens will take up before the end of the
      Reuter.  -  102 words
    • Article, Illustration
      Philips looking a fair gamble for the patient
      685 9 EUROPEAN BACK In mid-April, the 1977 annual report from Philips, the Dutch-based multinational electrical group, disclosed that the West German stake In Its equity had risen from 8.8 per cent to 14.8 per cent over the year. The question, then and now,
      685 words
    • Article
      Lock icon Renault factory
      273 9 Reuter. REGIE Nationale des Uslnes Renault said It has signed a contract worth over four billion francs under which It will significantly expand its operations in Rumania with expansion of capacity at Its Pitestl plant. The factory at Pitestl, where Renault makes 75,000 R-12 cars per year at
      Reuter.  -  273 words
    • Article
      Lock icon Riccar UK
      84 9 Reuter JAPAN'S Riccar sewing machine company has established a whollv-owned subsidiary In England to market its machines from next September, the company said in Tokyo. The new Abingdon-based firm, Riccar (UK) Ltd., will be capitalised at £100,000 and plans to sell 5,000 machines in the first year from
      Reuter  -  84 words
    • Article
      DIVIDENDS ANNOUNCED BY LOCAL COMPANIES
      610 9 Current Ex Books Date Total for Total for payment Date close payable the year previous year UMW 5H(b) May 10 May 23 Jun 22 5% Nil TuCkwf 20%< b) May 31 Jun 10 Jun 22 20% 12% Ma lex 25% May 30 Jun 9 Jun
      610 words
    • Article
      SCRIP ISSUES
      195 9 Company Particulars Ex Date Books Close Bong Leong Oriental Balding* Great Eastern Life Malayan Floor Straits Tradiag StaHacCku PtgiMakjraU -niirii Lien Hm 9«mart)>ni Syitktlk ImIh Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Bonus Issue of 1 for 2 Bonus Issue of 1 for
      195 words
    • Article
      Eastern Produce aiming for earnings balance
      314 9 WHILE maintaining its efforts to improve the profitability of overseas Investments, the aim of Eastern Produce (Holdings) is to reach a position whereby earnings In the UK are sufficient to cover both exKnses and a reasonable el of dividends, Mr. H.K Fitzgerald, the chairman,
      314 words
    • Article
      Lock icon Burmah sells Thistle stake
      162 9 Reuter BURMAH OU Co Ltd said It concluded an agreement with the British National Oil Corporation whereby it will sell to BNOC Burmah's 8.108 per cent share of crude oil produced from the Thistle oil field In the North Sea. The agreement extends over the life
      Reuter  -  162 words
    • Article
      BHP gets A$15m contract
      285 9 r ASIAN BROKEN Hill Pty Co Ltd (BHP) said it received a Asls million contract to supply the Western Australian Railways with 48,000 tonnes of steel rails. A BHP spokesman said from Whyalla that the company's Whyalla steelworks will provide 42,000 tonnes while the rest will
      285 words
    • Article
      Hongkong & Kowloon Wharf share issue
      115 9 Hongkong Kowloon Wharf share issue HONGKONG: The shareholders of Hongkong and Kowloon Wharf have agreed In principle to a new share Issue not exceeding 10 per cent of the company's issued shared capital. However, chairman of the company D.K. Newblgglng said at the annual general meeting that there were no
      115 words
    • Article
      Lock icon Yamaichi Securities
      104 9 Reuter. YAMAICHI Securities Co Ltd said It will Increase Its capital to 29. 06 billion yen from 27.08 billion, by issuing a total of 40 million capital stocks for public subscription at a price to be fixed later. Payments will be required at end August. Nomura Securities Co
      Reuter.  -  104 words
    • Article
      Consorzio de Credito
      74 9 BONDS& LOANS 4 MONTREAL: Bank of Montreal said final signing has taken place on a US$l75 million loan agreement between Consorslo de Credito per le Opere Publlche of Italy and a 14- bank .consortium representing 10 countries. Proceeds of the loan, which has been guaranteed by the
      74 words
    • Article
      Sanyo issue
      74 9 Tokyo: Sanyo Electric Co Ltd said it will issue a ISO million mark 10- year convertible bond on the Oerman capital market next month at par through an underwriting syndicate led by Deutsche Bank and Nomura Europe NV. The bond, the biggest mark bond to be Issued by
      74 words
    • Article
      Baker Intl. increase
      64 9 PARIS: The amount of the convertible subordinated debenture issue being arranged for Baker International Corp has been raised to US$4O million from $30 million, h*niri>n sources said. The coupon is 5-1/2 per cent and conversion premium is now likely to be set at 17.2 per cent against
      64 words
    • Article
      IBJ TERMS
      25 9 LONDON: The Industrial Bank of Japan Ltd mid It will issue up to US$lO million of three year floating rate certificates of deposit.
      25 words
    • Article
      Lock icon US telephone firms make themselves felt
      383 9 f N AMERICAN Reuter BMALL telephone equipment manufacturers nave been racking up impressive sales and profits lately, much to the dismay of the Bell System's western Electric Manufacturing unit and other giant telephone equipment companies. Wall Btreet analysts say the small firms are benefiting
      Reuter  -  383 words
    • Article
      POLAROID DISSATISFIED
      52 9 POLAROID Corp said exploratory talks to find a basis for settlement of Polaroid's patent infringement actions against Eastman Kodak Co have not led to an agreement. Polaroid said in a statement it intends to continue to prosecute vigorously a lawsuit against Kodak for infringement of the Polaroid Instant
      52 words
    • Article
      Lock icon Union Bancorp seeks approval
      100 9 Reuter. UNION Bancorp Inc sakl it will probably take several months to secure the necessary approval for Its acquisition by Standard Chartered Bank Ltd of London. The company said It welcomes close scrutiny by regulatory agendas, but Is confident the agencies will see the benefits to
      Reuter.  -  100 words
    • Article
      Lock icon Getty
      74 9 Reuter. GETTY Oil Co expects ID7B earnings to be "somewhat better" than last year's, despite a first quarter decline, president Harold B. Berg told security analysts in Chlgaco. Last year, the company earned US$l5.ll a share subject to restatement for a four-for-one stock split to be paid on June
      Reuter.  -  74 words
    • Article
      Safeco wants to pull out
      412 9 IN a wrangle that symptomlses the problems facing the U.S. Insurance industry, one of the major property and casualty companies. Safeco, Is trying to pull out of underwriting car and home risks In the States of New Jersey and New York, because it says business
      412 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      364 9 SOON TECK FINANCE (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31ST DECEMBER, 1977 5. STATUTORY EESEEVE 4 1.000.000 1.000.000 5 240.000 190.000 47.167 29,491 1.287.267 1.214.441 6 22.233 20.533 Balance at die bafwning ef the year 190.000 Add: Transfer boat proAt aad hat account 50.000
      364 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1595 10 KD and oflv pdoM offletato lhMd •ad boaaa la aatf mpertad to tbe ssusssfflssisse rtwwn In brackets In lota of lJNonitt unlaaa otbarylae ipecCled. An Ttaie Betttamnt Oontracta are quoted after tbe wertt "aatt." BK Board daal (la lota of S.4N nana) are quoted after tbe letter* 88.
      1,595 words
    • Article
      Government and corporate bonds
      141 10 4 3/4* 1 ft/0/00 250,000) (100.408 100.508) 0 3/4% 1/12/00 200,000) (105.058) T F It/4/01 (250,000) (105.008) 1 ft/4/31 (250,000) (100.058 100.758) 5% T f IVIVII (250,000) (106.308) ft* T r l/ft/03 250,000) (100.458 100.508) ft 3/4% T F IWBI-S4 (250,000) (102.058) 7% IV4/M (250,000) (100.008
      141 words
    • Article
      Stock options
      68 10 STRIKING price* of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. Hum* F E (Sept 91.20) (0.806). Prima (Sept ll.tO) (0.888) Scab Shipyard (Sept $1.20) (0.425).
      68 words
  • Article
    SHARE INFORMATION SERVICE
    2524 10 1978 High Low Company Last Sale +orGr'i Div Div C'rr Gr'» Y'ld Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 208 214 172 225* 83 218 255 210* 478 432 132 123* 112 195* 60 V, 162 173* 140* 256 394 Acma Alcom Allied Choc
    2,524 words
  • Article
    In Kuala Lumpur
    1760 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. INOUSTMALS AMM (2.10B) XD. AH——» (2.808 2.538) (1) 232 AIMHI (3.148). AIM
    1,760 words
  • Article, Illustration
    Bulls chase new counters
    755 10 BULLS eeagkt mw fovaaritao aa the Steak Kzifciaji if fllagifii jMill day. Sana wild eelliag miaatae kakn tke ctoae, aelected Yaa Hiap Seag waa caagkt is tka patk of wild bulla and waa tkraat 14 eaateMgkar£tlJll. Sdnda alaa raaa Ik lyapath; m 82.32 to $2^B. Om
    755 words
  • Article
    Advance halts on KLSE
    504 10 SELLING pressure in the afternoon checked the twoday advance and the Kuala Lumpur stock market yesterday closed on a barely steady note. Shares were very steady in the morning sessions as sustained bullishness took prices moderately higher. However, market sentiment weakened slightly in the afternoon, resulting
    504 words
  • Article
    Unit trusts
    125 10 ■INGAPOV UJOT 1SU [Mmfi' prima tar Jmmt The Ornnrnerce.... l ot The 8a vine Fund 1-27 S'pore Proc Fund 141 WT U) 2. lizd 1.* l.XT INCOI (O INCOMZBO MABA MB BOND UNIT ml vrieea) HD l.M l.U,„ IWFVTBA FUND U1 Kiii .7....... 8'pore Invest Fund l.M 1.M
    125 words
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  • COMPANY NEWS
    • Article, Illustration
      UP foresees oilseed glut
      956 11  -  SUSAN BEVAN THE latest report and accounts from United Plantations says little specific about the current year's prospects but shareholders c*n deduce that a repeat of last year's blockbuster Is unlikely. Chairman W.O. Qrut, feels bearish about the vegetable oils market this year. And, in Mr
      956 words
    • Article
      Group, parent plunge at South Pacific
      481 11  -  •y LOW LEE CHOO AS ANTICIPATED by chairman David Lee in the last annual report, South Pacific Textile Industries (SPTI) suffered a severe setback in its interim performance with its profit margins eroded by stiff competition and higher production costs. Unaudited group pre-tax profit
      481 words
    • Article
      Malaysia Textile in the red
      320 11 TRUE to the chairman, Dato Tan Peng Khoon's, forecast that 1978 will be a very difficult year, Malaysia Textile Industries has slumped Into the red for the first time since 1975. For the first half year ended Dec. 31, 1977, the group made a net
      320 words
    • Article
      Mars delisted
      94 11 TBI 888 Ms delisted Mats Holdings fer noncompliance with tto exchange's listing reqnlreMnrs wns warned last r 11 ft nl liliilMi hi failing to snM* the annaal ispsrts and accounts for 197 C aM 1977. Mara, formerly flange! Tnknng Babtor, Ms Msa nnder saspeaslea sinoe April i Inst
      94 words
    • Article
      COMPANY MEETINGS
      242 11 ■see <M> Bkd: AOM to be held at the Ballroom. Hotel Equatorial, Kuala Lumpur, at 10.90 a.m. on June 21. Taa CWag Meter "-ftwi ®kd AOM lo be held at 3rd Floor, Tan Chong Building, 62-08, Jalan Ipoh, Kuala Lumpur, at 10.00 am. on June 21. Harlan liTufwli
      242 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      0 11 ^;|)\$/?;!.="-/|$[,?[>(^|\@=+&=
      0 words
    • Advertisement
      Page 11 Advertisements Column 2
      1488 11 SING INVESTMENTS FINANCE LIMITED AND ITS SUBSIDIARY COMPANY (Incorporated in the Republic of Singapore) CONSOLIDATED BALANCE SHEET 31st DECEMBER, 1977 (in Singapore dollars) SHAREHOLDERS' EQUITY: JfZl_ >2,432.034 762,404 CONSOLIDATED PROFIT ft LOSS ACCOUNT YEAR ENDED 31st DECEMBER, 1*77 (In Singapore dollars) Consolidated income (Note 1(g)) Trading profit for the year
      1,488 words
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  • Article
    Costlier food jacks up inflation in May
    440 12  -  •y SOH TIANG KRNG INFLATIONARY pressures are slightly increasing In 81ncapore, according to latest government statistics. A 2.5 per cent rise In food prices pushed the Consumer Price Index (CPI) up by 1.6 per cent in May on a monthly basis. The CPI
    440 words
  • Article
    Cooperation a major topic in Lee, Suharto talks
    196 12 ASEAN cooperation will be a major topic at talks between Mr. Lee Kuan Yew and President Suharto in Bali next Monday. i According to Mr. Her Tasning, Indonesian Ambassador to Singapore, Brunei's "independence" la also likely to be discussed. The ambassador Is
    196 words
  • Article
    Lock icon Trade pact ready soon says Strauss
    111 12 AP SPECIAL US Trade Representative Robert Strauss said on Monday that negotiations on a new world trade agreement are nearing completion. However, Mr. Strauss declined to predict there would be an agreement In time for the seven-nation economic summit conference beginning in Bonn, West
    AP  -  111 words
  • Article, Illustration
    Asean views will be reflected at Bonn summit
    458 12 JAPAN will do its utmost to see that Asean's views on world trade problems are reflected at the Bonn summit of seven industrial countries starting next month. This assurance was given on Monday by Mr. Toshlo Kohmoto*Japan's Minister of International Trade and
    458 words
  • Article
    TRAIN MORE LOCALS IN JAPAN CALL
    441 12 THE Government Is strongly requesting for more trainees to be sent to Japan under the Japanese technical cooperation programme. Also, there is a tendency for these trainees to apply for more advanced level courses. This was disclosed yesterday by Mr. T. Tanabe, director of
    441 words
  • Article
    LONDON STOCKS
    731 12 LONDON. Tues. Prices eased in light trading as the market continued to react to Inflation worries and the possibility of a general election. At 3 p.m. the Financial Times index was down 4.8 at 462.2. However, government bonds reduced initial falls to show net losses of up to
    731 words
  • Article, Illustration
    Banco do Brasil jazzes up local banking scene
    353 12  -  •y COLIN CHEE BANCO do Brasil, the seventh largest bank In the world, will officially open its offshore branch in Singapore next Wednesday. It will be the first Latin American bank to set up an office here. With consolidated assets of U5546.7
    353 words
  • Article
    Lock icon Chances good for a rubber agreement
    274 12 Reuter. PROSPECTS are good for negotiating an international rubber agreement, said Julius Katz, US Assistant Secretary of State for Economic and Business Affairs. Mr. Katz, in remarks to the opening session in Washington of the International Rubber Study Group (IRSQ), said negotiations under Unctad
    Reuter.  -  274 words
  • Article
    Lock icon Saudis favour small doses of medicine
    193 12 UPI. IF OIL prices do not rise early next year there will have to be a sharp hike in the 1980s. This was disclosed by Sheik Ahmed Zakl Yamanl, Saudi Arabia's Oil Minister In Geneva on Monday. His government, which rejected an immediate lnI
    UPI.  -  193 words
  • Article
    Lock icon Spectre of US dollar tumbling to 200 yen
    1273 12 Reuter. THE US dollar may soon fail to 200 yen, after it fell to a post-war low of 212 yen yesterday on the Tokyo foreign exchange market. Pressure for a further appreciation of the Japanese currency Is building up overseas with the
    Reuter.  -  1,273 words
  • Article
    Court told how Ben was let down
    678 12 BEN AND Company had liquidity problems arising from the lack of trading facilities which were promised by Bank of America but were subsequently not provided, a district court was told yesterday. Mr. S.K. Ganesan, Ben's former company secretary, testified that trading was badly
    678 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      186 12 ONE GOOD PUBLICATION THAT'S worth a thousand watts r r ITfEaUFroiWUND mL *4* We hope to r— welcome you soon as a regular reader. Rate: $10' for subscribers in Singapore and Malaysia. SI 3 for overseas subscribers. Sent your coupon to The Circulation Department Times Periodicals Pte. Ltd. 422, Thomson
      186 words
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  • Article
    SHIPPING TIMES
    3198 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port t CtHortfUH Scan Dutch has a Joint
    3,198 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      311 13 MAERSK LINE Fortnightly Direct Express Service Europe/Straits f or further drtat/s c all Singapore: *****46 Port KelanK *****0 Kuala Lumpur: ***** Pervann ***** 1 EVERGREEN LINE (EVERGREEN MARINE CORPORATION! FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTIMC CARGO FOR:GENOA. lATTANIA, KIMIT. ALEIANORIA. BCMMOI. TRIPOU (LIBYA) Spec* *Mdak
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      382 13 li—- -> SHARJAH SHIPPING CO LTD (UNiTtO ARAB f MiRATES' gulf pejuu. u/u Mr Guif nospcnn is/11 Mr Peflong Losd*nf tor Dota/AMO n flHll SHIPPinG Llfl€ vNu! i UNIT to »«*B EMIRATES GULF SHIPPING LINE (UNITED ARAB EMIRATES) S>ore P Belong Penjpj Lo*din| lor •GULF MAJESTT la Port/25 luno 20/21
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      449 13 LIAN SOON SHIPPING TRADING CO < PTE) UD "M 4 :oi SnfV( N HUuSf \"<V N Ai- v"l HI "CHERRY MAJU" 2*4-71 254-71 BALIKPAPAN SAMARIUM UIUNC PANOAM SURABATA M.I, "SELAMAT DATANC" 254-*****-71IARARTA Ml. "CHERRY BA6US" 214-712»4-7l BALIKPAPAN. SAMARINDA. UJUM PANOAM EAST MALAYSIA SERVICE M.«. SEW MOM" 214-71 344-71SIBU. SARIMI •IMATAM6
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      370 13 Seat rain Lines Inc (USA) Trans Pacific Sen/ice Full Container Service To USA FECOCIVSI SPOK A WBII V/t VI M 1/7 HM HI OM U SUlf t/C 15/7 2/1 4/1 14/1 17/1 Full Container Service From USA noma «i i/c sua qm u m fuki 25/5 31/5 2/4 21/( AVtssd
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      76 13 SEA i LAND ACCEPTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TEL: *****22 N G TI l f DOWA LINK CO. LTD JAPAN II.V. "NUBANTARAI Voy. 1 Arrived 12.6.79 P.P. Wharf Oodown MS Oeneral survey oo rtsmsged cargo dlscbsined ex tiie above vessel win be held on 22nd
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      420 14 a SUMA \IkJA LINE C.OPf NHAa N EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24 DAYS S'POtE P.KELANG PNANG I'DAM HAMB ANT* NEWPORT GRAND RELIANCE WOO H/l WPT 21/6 30/7 3/8 25/7 NESSBANK NlO5 6/7 4/7 10/8 20/8 15/8 10/7 15/7 20/7 20/8 26/8 accepting Through B's/L to major UK
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      767 14 I £2 SANKYO LINEI AUSTRALIA SERVICE PJUmi Tli|i)iri La«dtag tor sea bloom m 555 MAVPRWtt IIPOBT DIAMOND STAR 1/2 My VUEMAN 11/19 My 8/21 Ma FRC.AOH.Ha SAILED MtS.SYD.IICL N/N Mm ADC.MCL.SYI) 21/21 My DARWIN, MIS. SYD.MCL BANGLADESH SERVICE MAT CAR? 11/19 JULY 11/17 MY CHITTA6ONG, CHALNA GENERAL AGENTS CONTAINER BOOKING
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      429 14 73 i -L LAND W, U.S.*./ ASIA SERVICE NT KFMDMTB CONTAINER WWW SAILING EVERY FOR POTOJN lISA. TLmtm HONG ROM. TMiUM AM PHILIPPINES MID-EAST SERVICE LTL TO DUBAI I BANDAR ABBAS R«*f On/Ml CwMmt S«mc» to O+m. D—'■* AM*. MwaL. VSL Amvts/Departs WORLD TIGER V 5 JULY 9/10 WORLD LION
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      672 14 I Everett Lines Bam Fiva Star SMppiai Carpa. "BURMESE NATIONAL LINE' LOADING FOR RANGOON u 8 F.S.S.C Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38)-7355 Penang Tel. *****/***** y k Navapaooa latarceatiaaatai S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CATC TOWN BUENOS AWES lawn PKaMt fill
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      495 14 I Is I I lt I \1 I a SAII/^q fwOrient Overseas CatdcitieA. Line FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) I Plata* S pore I M Kont tUohvung Osaka Tokyo NEPTUNE CORAL 7E MM NEPTUNE PEARI X 30/0 CHEVXIER ROZE »E 7/7 H ROM CONTAINER IK 10/7 MERCATOR 7E
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      988 15 airriiiu a uhm, ncun«uaj <««•» HCL Overseas Containers Limited a OMM MT tin UIMI cwTjumaHf soma nm w/cvftivpn H'terf *m. rtm Kiwi rMP.MUfl'Pirt MM. >~ MM MM MM MM 21 Mi IS M US. HK. ■1....M.!! tiiM Will MM MM MM AM MK, TK, K>. gg MM MM MM 1M
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      Page 15 Advertisements Column 2
      854 15 Ben Ocean \&amx<*BtolMßkatomelGkmljmandNSUD i r '^ni :rjy lIILJ rk AMERICAN PttSIDfNT LINES MM COMTAimm Caaat aad MtWrti ».l taa Fihrm mm Seattle. rrbaits iwu Lndiaf tar New Tot, Eaat Laa tadtn. P KateAf L. Aafataa llhitctt »Jew It July Inly 1 A* 24 taly 17 A*g 6 Auf (Duck) Am
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      Page 15 Advertisements Column 3
      477 15 BENUMB LIMITED MM M| n HM| 11 M| IM* MMN MMa MM 04 MM II jMr mm a My a Mr a mm M 1 t A* t Aa« aMM M| 1 IMB I ta| H N m A« 14 Aa| II Aa| II Am 1« Aa| mi n tai
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      777 15 Scan Dutch (lUMU 7 NTUWU IUUMt n/ I Ml. MlfT nuwitu I tELAMIA IV I w VI It/1 a/1 a/I -M ND FROM MED/UK/ 111:13: i »;I: FA II CWrf» N-kiM I »ea 0l«MS U* "WtM 'J" 1 »M« IWIUI IiHH taM SUM MM JIW MM «/l wiumu imm t*
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      422 15 GUTHRIE BOUSTEAD THE BANK LINE LTD LYKES ORIENT LINE 3P X r SINGAPORE *****4 PT KEIANG ***** 1 KUAI A LUMPUR 203/11 PE HAMCi 3b230l lESILAI IMEPEMEIT SEIVICE FESCO LINES FESCO STRAITS PACIFIC LINE f»i rmfit wit> t mm west S pore P. KlMf Penanf Tm»«i Kaantan mv i. MTimtmt
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      878 16 K"LINE WWMimB—HHI (VIA SKB If Caatanar Vassals S'gore P. Kcl*n( L.Havre H'butf Bremen R'dam A'arertt g£% l« Part 22 Jm* 11 My 13 My M My 15 My 17 My W *ESE«CNEI 2W aM*2IMtolH«ly2BMf2lMj22My24My CHEVALIER PUN. 11W SMy iMy27My2lMy2l My 31 My HEPTNNE CORAL IW 11 Wyl2 W? 31 My
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      Page 16 Advertisements Column 2
      1058 16 E. C.-U. S. A. I ATLANTIC/GULF SERVICE acceptim Ftt/LCt containers fmh spore. t kelak. pcnmc le*d<ag to,: MRfRLR. M« TMR. OALTIMME. NEW MUMS. HHTM Singapore P Kciaag Dttaaa* Peaaag "j.«. wist much'' WH Mr E.C./6REAT LAKES SERVICE iMtal tor NOWOU. HI TtM. MONTREAL. TNMTt. IUTWU. WWII, CM CMS Pwiang Betavaa
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      Page 16 Advertisements Column 3
      971 16 •FULLY n mm m smr sever seas hike BBIENIAL IESEABCNEIt CHEVALIER PtH NEPTBNE COMM. NEPTBNE PEAIL CHEVALIER RUE tt. RESEARCHER Span "AM muh caM Li I CMM CHafC Ml tmf\ riwl twin ill* ifTIJ NEPTUNE ORIENT LINES UTD FULLY CONTAIMIIIISIO SWVICES: Spore P. Kclwi SW°« H'bjjrf B(«. hi Port 71
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      588 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA VEST MM EXPRESS CONVENTIONAL SERVICE TO INCONTINENT T( Mini P. Mini Penan iMditf tar: (UNCI MEIATI to Part a/« lm Hburg 13/7. CdiH'lßao H/7. Rdam 21/7, Bmen 24/7. Htovrt 26,7. Ipool 29/7. HKI ***** H/U tohr 11/ M
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      726 16 INTRASEA (PTE) LTD. > I I KtlUI INKPEMENT SEMI/FOU CtNTAIHER SERVICE II HMPI S port P. Ul«a( Pt«PN| latum "NORASIA MM (Caatr Mif) M M Stan (U.HJ/RMto/ Htwg/A'awp. SPEM MM 14 Mi n M M •otiwr**/(*•••») •Utwtmt TkfMft IVL tar aator M MMMttaRR. kfmtx lappn tTf I^JMMIJM| < IMMW. mm
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