The Business Times, 29 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 THURSDAY, JUNE 29, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Confidence in HK
      62 1 AFP HONGKONG, Wed. China la Injecting confidence In the Colony by beginning i billion dollar property development programme here, the South China Morning Poet reported today. The programme Is carried out through Its commercial vehicle, Klu Kwong Investment Corporation, a Hongkong-incorporated company with only four shareholders three
      AFP  -  62 words
    • Article
      Lock icon Key to success
      63 1 AP JvASHINGTON, Wed. Anti-protectionism by the Japanese, growth by the Germans and a detailed energy conservation plan by the United states are key elements for success of the forthcoming Bonn economic summit. West German Economics Minister OttoLambsdorff said if the July 16-17 meeting is to succeed, there
      AP  -  63 words
    • Article
      Lock icon China orders rig
      64 1 UPI TOKYO, Wed. Hitachi Shipbuilding and Engineering Co. has received a U5553.7 mUllon (*****.5 million) order for a pair of undersea oildrilling rigs from China, it was announced today. The Osaka-based firm said the order from the China National Machinery Import Export Corporation will be Japan's first
      UPI  -  64 words
    • Article
      Lock icon Cutting down oil
      69 1 Reuter MANILA, Wed. The Philippines plans to spend US$B.9 billion (over Ss2o billion) in the next 10 years in an energy development programme aimed at cutting oil Imports and reducing its dependence on oil, the Energy Ministry said today. The ministry announced that the plan would reduce
      Reuter  -  69 words
    • Article
      Lock icon Liberalising imports
      59 1 UPI TAIPEH, Wed. The government's economic planning and development committee yesterday approved the proposal of the Economics Ministry to liberalise the Import of more than 1,000 Items, trade sources said. The sources said the move was aimed to ease the pressure of inflation by using the nation's foreign
      UPI  -  59 words
    • Article
      Lock icon ADB aids Burma
      48 1 Reuter MANILA, Wed. The Asian Development Bank has approved a technical assistance grant to Burma to help formulate a second rice processing project for possible financing by the bank, it said today. Pader ttebank's technical assistance, four experts will helptrrthe formula ton of the project.
      Reuter  -  48 words
    • Article
      Lock icon Vietnam in Comecon?
      55 1 Reuter Belgrade, Wed. Vietnam today applied to become the 10th full member of the Soviet-led Comecon trading group, the official Yugoslav n^LrB nc l' T n u meeting W Com econ Prime Ministers are Comecon's policy-making council will decide on the application at a plenary session tomorrow
      Reuter  -  55 words
    • Article
      Lock icon Dow Jones
      58 1 UPI NEW YORK, Wed. Stocks edged higher early today In active trading as institutions adjusted their portfolios for the start of the third quarter next week. The Dow Jones industrial average was ahead 0.35 point to 817.65 around 1500 GMT. Of the 1,385 Issues crossing the tape, 537
      UPI  -  58 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      131 1 Rises Seacorp 700 +90 FAN 5fl0 +60 Conaplant Wrt* 312 +22 Ayer HitamTin 1050 +20 Sime Darby 277 19 N ST 464 18 Sel Properties 236 16 C*C 468 14 Linfui 118 14 Keniyu 210 +13 Batu Ka wan 186 13 Kulim Maia 188 13 Falls Spore
      131 words
    • Article, Illustration
      In Kuala Lumpur
      160 1 Rites Sea Corp 6 80 +1.70 Inch KK 6.00 .60 f and N 5.70 +.50 New Sdah 2.90 +.30 Wilkinson 3.SO .30 Malayan 11.80 .30 Chtn Tck 2.40 .23 OCBC 9.00 .20 A. Hltam (tin) 10.80 +.16 Con Pit Warrant 3.26 .16 Set Prop 2.38 .15 Guinness
      160 words
  • Article
    Indonesia's drive hits local shops
    887 1  -  'SUITCASE' TRADERS STAY AWAY By PETER CHIA THE INDONESIAN clamp- down on evasion of custom I duties and corruption has dampened business In Singapore to a significant extent. The stepped-up drive over the last two months to stamp out corruption, and smuggling by shoppers who
    887 words
  • Article
    Permodalan buys Sime shares
    233 1 YESTERDAY'S Business Times reported that Pernas had increased its shareholding to Sime DArfcy by 9.M million shares. This Is Incorrect. The shares reported to be sold by Kempas and Lingui Developments, both Sime subsidiaries, to Pernas were in fact sold to Permodalan Nasional, a subsidiary of
    233 words
  • Article
    Kwok Brothers bid for 65pc plywood stake
    490 1  -  »y JOHN LIM KWOK Brothers are believed to be finalising negotiations to buy the 85 per cent Interest in Jurong Plywood held, by Boise Cascade. Jurong Plywood, a Joint venture between Boise Cascade of the U8 and the Development Bank of Singapore, has
    490 words
  • Article
    US dollar falls on Tokyo exchange
    223 1 A TOUGHENING of the U8 Senate's opposition to President Carter's energy policies helped push the US dollar further down on the Tokyo foreign exchange market yesterday. At one point the dollar fell to 203.80 yen its lowest tince World War Two. The dollar recovered
    223 words
  • Article
    LIFT CURBS, JAPAN TELLS EEC AT GENEVA
    82 1 JAPAN has demanded the lifting of discriminatory restrictions maintained by the European Economic Community (EEC) nations against imports from Japan at the multilateral trade negotiations In Genera. According to a government source in Tokyo, the government asked the EEC to abolish such restrictions
    82 words
  • Article
    Singapore gold exchange set for November takeoff
    222 1 SINGAPORE'S gold exchance will be launched J this November. It is understood the Monetary Authority of Singapore has approved the final draft on the exchange. The draft is prepared by a committee comprising Oversea-Chinese Banking Corporation, United Overseas Bank! Development Bank of Singapore,
    222 words
  • Article
    Invitation to invest in Brazil
    385 1  -  ir SON TIANG KENG BANCO do Brazil president, Dr. Karlos Rlshbleter, yesterday invited Singapore industrialists to invest in Brazil. Brazil welcomes joint ventures in steel, petrochemicals and other basic Industries. He said that with Its present level of economic development, Brazil Is not ready yet
    385 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      6 1 r AKAI k' See Page 3
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      116 1 AMOST USTINCOSHED G\R! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension and extensive padding for
      116 words
    • Advertisement
      Page 1 Advertisements Column 3
      57 1 COURSES available at Biifapm>Jap«i traiali| WORLD ant ilaik ikipbuilding by 50pe S KL btaki an eaigkt la a IBE"LW SHIPPING TIMES UOttoflMMwUkaMfliM 11 PATTERN ofgrwwtk at Malay■taa Motaka 11 FIRST ataf towaHa Trada ARDMORE Park pnalMS ya« MKMOPAD 2, CBOOBWOBDO 2, AIBCBAVT BCHSDULK I, TV A IADIO i, BRISTOW 7,
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    • Advertisement
      Page 1 Advertisements Column 4
      80 1 SINGAPORE BUSINESS NEW NUMBER We wish to inform you that our new telephone number is: *****1 Business Times regrets any inconvenience that may be caused wun iittsAM tapes you can have alt these problems solved plus the new epitaxial magnetic particle which can ready give you new dimensions in sound
      80 words
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  • TRADE AND INDUSTRY
    • Article
      DON'T BAN EXPORT OF SAWN TEAK
      124 2 THREE Thai timber associations have appealed to their Prime Minister Krlangsak Chamanand to lift an export ban on top grade sawn teak. The appeal was contained In a letter Jointly submitted to the Prime Minister by the Thai Timber Exporters Association, the Thai Sawmills
      124 words
    • Article
      Training Centre course details
      550 2  -  By FOO CHOY PENG THE CONSTRUCTION of the Japan-Singapore Training Centre will begin In September on a 5,000 sq metre site In Buklt Merah. It will be completed next June. This was disclosed by Mr. Teruakl Sakuma, director of the Overseas Technical Cooperatl on Division of
      550 words
    • Article
      Quintuple skipping
      303 2 CHUPA CHUPS, the lolllpop maker, Is plunging Into another major promotion after the success of Its $500,000 advertising campaign last year. The company believes In spending heavily on advertising and a percentage of sales revenue Is regularly ploughed back for this purpose. This year, the company will concentrate
      303 words
    • Article
      Lock icon More rice allocation
      48 2 Reuter THAILAND has allocated an additional 50,000 tonnes of rice for export until the end of August, Commerce Ministry sources said. The additional allocation would encourage paddy buying and would boost paddy prices at a time when the second crop is in full swing Reuter.
      Reuter  -  48 words
    • Article, Illustration
      New exec joins Pica in Manila
      136 2 A TOP eseentive ot Arab Malaysian Development Baak will J«is Private Investment Company for Asia (Plen) la August. Mr. Trevor Bewe, who is the present rhlrf mnnngor of banking and corporate finance at the Arab Malaysian Development Bank will replaee Mr. Eldridgo D. Wood
      136 words
    • Article
      Income sold $85m policies last year
      553 2  -  h RAHIM KASSIM INCOME, the NTUC Insurance cooperative, sold a total of 12,031 policies last year, a Jump of some 27 per cent over the previous year's sale of 9,466 policies. The policies issued last year amounted to $84.90 million compared to *65.39 million
      553 words
    • Article
      Lock icon Taiwan's spending
      114 2 AFP TAIWAN will Invest more than USB2 billion (884.6 billion) in fiscal 1979 m state-run enterprises to boost their production capacity, informed sources in Talpeh said yesterday. The investments are almost double the 81.1 billion for the current fiscal year which ends tomorrow. Of the total, 81.1 billion
      AFP  -  114 words
    • Article
      Moving up in Steamers
      126 2 BTRAITS Steamship has appointed Mr. Herbert Kaiser to its executive committee. Mr. Kaiser Joined the company as general manager of the engineering division In May, 1977; In September of the same year he was appointed managing director of the property division. He was born In Vienna
      126 words
    • Article
      COMPUTERISED AREA TRAFFIC CONTROL
      463 2 THE Ministry of National Development will IntroCyce a computerised area traffic control project costing about $12.34 million. According to its annual report, about 140 traffic and pedestrian signals In the area bounded by the inner ring road system will be connected by cables to a central
      463 words
    • Article
      Coach service between airports, hotels
      255 2 LOCAL REBIDENTB commuting between Paya Lebar airport and the centre of town will be able to use a new coach service from July 1 when the Singapore Airport Bus Service Ltd (SABS) begins operating. But the new service, which will shuttle between Paya Lebar and
      255 words
    • Article
      Lock icon HK labour problems
      72 2 APP THE electronics committee of the Hongkong General Chamber of Commerce baa eiprwMd concern at the worsening wboruge of food quality labour and the existing pressure on wages which Is affecting labour-intensive industries. Although the electronics Industry had been rapidly Introducing new systems of automated production the
      APP  -  72 words
    • Article
      MEMO PAD
      480 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateship Course, SITC, SITC June 5-July .29: Life Agents Certificate Course, SITC, SITC June 15-July 3: Employee relations ft communications, Hilton, POD July 6-13: Financial aspects of personnel mngt, Hilton, POD July 3-4: Finance for non-fl-nanclal managers, Hilton, Price
      480 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      750 2 MANUFACTURERS HANOVER TRUST COMPANY AND SUBSIDIARIES (INCORPORATED IN THE U.S.A. WITH LIMITED LIABILITY) CONSOLIDATED STATEMENT OF CONDITION DKtmbw 31, DKmbw 31, (IN THOUSANDS OF US DOLLARS) 1f77 1f74 CONSOLIDATED STATEMENT OF INCOME ASSETS Cash and Due from Banks Interest Bearing Deposits with Banks U.S. Government and Federal Agency Obligations Obligations
      750 words
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  • OVERSEAS
    • Article
      Lock icon Ford officials on Philippine kickback rap
      623 3 UPI NYT <il£}P Ford Motor Co officials -received US$2 million (Ss4.B million) In kickbacks from »fche Philippine Government to build a moneylosing plant there, court 'papers filed on Tuesday KtfiThe papers filed In the "6tate Supreme Court In Manhattan by Attorney 'Roy Cohn were
      UPI; NYT  -  623 words
    • Article
      Lock icon UK to write off $4b Third World debts
      196 3 Reuter BRITAIN expects to write off about £1 billion (554.3 billion of debt owed by 'Che world's poorest Countries within the next month. The pending announcement was signalled by "Prime Minister James Callaghan in a speech in New York on Monday night
      Reuter  -  196 words
    • Article
      Manila's payments balance shows May deficit
      218 3 THE PHILIPPINES had aa overall balance of paymanta deficit of US$9.B million (Ss22 million) la May compared with a lurplui of $71.88 mHHon a yaar ago, according to the ooatral bank's provisioaal ■Utiitki. The current account surplus fell to $4.7$ million from $21.97 arillioa.
      218 words
    • Article
      US navy to the rescue
      56 3 THE US Seventh Fleet will soon offer to have 10 warships repaired to help rehabilitate Sasebo Heavy Industries, a major Japanese shipbuilder currently In financial difficulty. The Importance of the shipyard for strategic purposes of the US navy In the Far East was emphasized by
      56 words
    • Article
      Lock icon Eastern European bloc deep in the red
      834 3 IMPORTS MUST BE CURBED AP Reuter THE SOVIET Union and European communist nations are so deep In debt to the West they may soon have to curb appetites for Imported goods, Western economists said on Tuesreport by the planning and evaluation unit at
      AP; Reuter  -  834 words
    • WORLD IN BRIEF
      • Article
        Lock icon THIS CROWDED WORLD
        385 3 Agencies WORLD population at the end of this century will be up another 1.8 billion over the present four billion, despite a dramatic drop in birth rates since the *****.' China and India both would have populations of one billion. Pakistan, Bangladesh and Mexico would be among
        Agencies  -  385 words
    • Article
      Eurocurrency loans soar to $110 billion
      331 3 NEW BORROWINGS In the Eurocurrency bank credit and International bond markets totalled a record US$5O billion (SSIIO billion) in the first half of this year, topping the previous record of $35 billion in last year's first half. Morgan Guaranty Trust Co disclosed this in
      331 words
    • Article, Illustration
      UK rejects oil formula
      249 3 BRITISH Foreign Minister David Owen refused to Join other EEC foreign ministers at their Luxembourg meeting in accepting a compromise formula concerning the Community's oil refining capacity, EEC sources said. Monetary policy has scarcely featured at the the two-day session which Is being held to prepare
      249 words
    • Article
      Lock icon BONN'S MAY SURPLUS DOWN
      164 3 Reuter WEST Germany's foreign trade surplus fell to 3.04 billion marks (853.4 billion) In May from 3.25 billion In April, the German Federal Statistics Office said. The trade surplus in May 1977 was 3.63 billion marks. Exports In May 1978 totalled 22.48 billion and Imports 19.44
      Reuter  -  164 words
    • Article
      Lock icon Bulk steel in the balance
      50 3 Reuter THE FUTURE of bulk steel maklnc in the UK Is In jeopardy, sakl Sir Charles VllUers. chairman of the British Steel Corporation. The dancer arose because British Steel had not been competitive, lagging behind other producers In terms of delivery, quality or cost. Reuter.
      Reuter  -  50 words
    • Article
      Tokyo orders 5 industries to scrap surplus facilities
      274 3 THE Japanese government will designate five industries, including synthetic fibre producing, for legally-required scrapping of surplus facilities on approval by the cabinet next Friday. The five Industrial lines to be named by the Japanese Ministry of International Trade and Industry are aluminium
      274 words
    • Article
      Tax treaty gets the nod
      56 3 REVERSING last week's rejection. the US Benate on Tuesday overwhelmingly approved a U.S.-Brltlsh tax treaty on avoiding double taxation, but minus a key section on taxation of multinational corporations. The treaty lost out last week on a 49-32 vote the result on Tuesday was 82-5
      56 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      7 3 BUSINESS TIMES editorial office telephone number *****1
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      Page 3 Advertisements Column 2
      97 3 Luxurious and comfortable split-level Largest Hilltop Garden Houses in Thomson area GOLDEN HILL PHASEsfojifi£H*fl t i ?4 HULTOP 2 STOHt Y SPt IT I f Vfl SE Vt Dt TAO H ul BUNGAIOW ssa i* 1 J. -*7^ .STATUTORY LAND GRANT (FREE FROM ENCUMBRANCES ON COMPLETION AND HANDING OVER OF
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      585 3 CRYPTIC PUZZLE '.V ACROSS 1 The mall Is late (4) 4 Shot and preserved (6) a 8 Fresh-air fiend? (3) *10 She's a bit of a comedienne (4) •13 The last of them Is novel (8) •14 Marines' study-group (7) *15 China dog source (0) *17 No loud-mouth In the
      585 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      464 4 OPENING prices In the Singapore rubber market yesterday were marked down on lower London advices, but thereafter, recovered on upcountry buying and coming in terse*. Levels were not ewtalMi however, and Increased offerings at the highs saw a lack of buyers. Values subsequently retreated in moderate
      464 words
    • Article
      R.A.S. PRICES
      309 4 R A S. price* in cents per kilo yeeterday: Noon ClOM l (par kilo) (par kilo) Int. 1 R.8.S. prompt f.o.b. Int. 1 R.S.8. July Buyers Sailers Buyers Sellers 238.00 235.90 234 008 236 00 233.78 234.00 234.78N 234.80 Int. 1 R.S.8. Aufuat 236.00 238.80 233.78 234.28 Int.
      309 words
    • Article
      SSR AND SMR
      84 4 NOON S8R uid 8MR price* yesterday: R.A.8. Jaljr August (Cur teatMtk) (FerwaH Mth) *52 tapwkf) lee «Uptrk|l SSR20 (1-ton Pallet) 216.00 218.00N 217.00 21B.00N 38RS0 (1-ton Pallet) 214.00 216.00N 215.00 217.00N M.R.ELB. SMR5CV (1-ton Pallet) 241.90 243.SON 242.00 244.00N SMRSL (1-ton Pallet) 240.90 242.S0N Ml .00 243.00N
      84 words
    • Article
      Closing
      25 4 Rubber: Juno M ""•"EE (down 8.71 eaate) Malaysia: July 2».M cants (down IM easts) Tta: M 51.741 (up IIS) Official oflWi|i (down IS to—as).
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    • Article
      Rice
      175 4 BANGKOK rice prices quoted as follows yesterday: (US dollars per tonne FOB bull Bangkok): White Rice: 100 pet let claw 437, 100 r:t 2nd claw 422.100 pet 3rd claw 417, pet 408. 10 pet 385, 15 pet JT7, 20 pet 382. 25 pet 372 35 oet una. Broken: A-l
      175 words
    • Article
      Produce exchange
      288 4 THE Singapore produce market was quiet but steady yesterday. According to notional quotes given tar the Singapore Chinese Produce Exchange, coconut oil in bulk declined 110 per plcul while old and new drums remained unchanged. Loose copra tn bulk was unchanged In spite of new arrivals from the
      288 words
    • Article
      Coffee
      291 4 ROBUBTA futures opened barely steady In London, with overall losses of £32 to £10 per tonne confined to distant untraded months yesterday. Nearby losses ranged from £23 In spot July and £16 In November. Turnover was 358 lots which Included a large 200 lot block cross trades. Values opened
      291 words
    • Article
      Palm oil
      74 4 C.I.P. North European port*, In US LONDON: dollar per ton unlMi ottoerwiM tuu Malaytla W ff* bulk per tonne Auguat 8um*tr* 5* ffm bulk June 1 MOelr TSSalr heileae OSilr TlOrtr July flMalr/eMWOpd < WOelr/BTSpd Auguat September October N ov ember 5% ffa bulk stf ROTTUDAM: Sumatra Max
      74 words
    • Article
      Straits tin
      167 4 THE STRAITS tin price In Penang yesterday rose MSIS to 91,743 per picul on an official offering down 20 tonnes to 221 tonnes. In LONDON yesterday, tin finished the morning up £47 for cash and £22 for three months standard while grade gained £52 and The pre-market attracted
      167 words
    • Article
      Hongkong comex
      316 4 THE BUOAR futures market closed slightly firmer in continued thin trading yesterday, with five lots traded against 16 on Tuesday. The Hongkong dally spot sugar price firmed 0.10 to 7.10 oents. SUOAR futuree ctoeing prices Cleeiag Jly una una Sep 7.14/18 7.14/18 Oct 7.28/28 7 77/38 Jan 7.50/85
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    • Article
      Cocoa
      120 4 TERMINAL cocoa In London yesterday morning opened with fains from Tuesday of £3 to £12 per tonne despite steadier sterlthen hardened further In open trading on mixed chart and shortcovering support against a Eieral reserve of sellers, t dealings were basically thin. On Tuesday afternoon, terminal cocoa was barely
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    • Article
      Wheat
      72 4 WHEAT futures closed at or near the day's lows In Chicago, with net losses of seven to 3-tt cents a bushel on Tuesday. Scattered commission house selling, local profittaking and general liquidation kept the market on the defensive, traders said. After a flurry of exporter pricing near the opening,
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    • Article
      Soybean
      81 4 SOYBEAN futures In Chicago closed with losses between U8 9\ cents and 5 Mr cents a bushel in the nearby on Tuesday. Prices were mostly one to three cents above the day's lows. Soybean product futures closed lower, with sharp losses In oil and slight declines In meal. Final
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    • Article
      Treasury bill tender
      27 4 THE MONETARY Authority of Singapore invites banks and discount houses to tender for SB mlßton tl-day Tmhr Hb 10 M iwuad tnm AriTsto'T b)
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    • Article
      Copper
      307 4 COPPER wlretoars In London finished the morning with an all round decline of £1.5 yesterday. The early pre-market was shaded under modest liquidation prompted by the relative strength of stealing against the U8 dollar although some covering against scattered physical demand held prices steady In the ring. Three months
      307 words
    • Article
      Sugar
      173 4 TERMINAL sugar In London finished the first morning call mostly down from Tuesday by £0.15 to £0.45 per tonne yesterday. Sentiment may have been Influenced by steadier sterling while expectations of an abundance of offers against Egyptian buying tender for two cargoes of August/September whites Sovlded an additional facr.
      173 words
    • Article
      Lead
      30 4 LEAD yesterday ended the morning ring £0.75 per tonne higher for both cash and three months in London. Three months traded narrowly around £316 per tonne throughout the morning.
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    • Article
      Zinc
      39 4 ZINC in London was £1.75 down for cash and £1.50 per tonne lower for three months at the end of the morning ring yesterday. Three months traded from £312 on the premarket down to £310 on the ring.
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    • Article
      Gold
      301 4 THE kllobar in Singapore yesterday opened at 8613,863 and closed higher at 613,906 Spot gold for London delivery opened at U*****.90/ 186.20 and cloeed at 8188.16/46. The London morning fix was U*****.26, up 81.00 from the previous fix. Source: Blbbui In HONOKONQ yesterday, gold cloeed HK6120 higher at 81,029.20
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    • Article
      Silver
      235 4 THE HONGKONG silver market firmed HKtl.3o to the day's high of 8249.60 per 10 ounces in slow trading yesterday. Turnover was estimated at around 40,000 ounces. The market recorded a low at 8248.30 in the morning session, while fixing rose 81 to 8249.00. Local closing Is equivalent to 5.367
      235 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        482 4 THE US dollar fluctuated against the yen on the foreign exchange market yesterday. After opening at 204.60/ 70 against the yen, the US dollar firmed to 205.40/50 at noon. After this, the dollar fluctuated before closing at 204.70/ 90. Against the mark, the U8 dollar opened at 2.0720/
        482 words
      • Article
        Asian $ and CD rates
        157 4 Asian and CD rates ASIAN currency deposit rata* u at cIom on June interbank m. US Nb Ofhr ""H 8 1/B I mth 7 3/4 IM J mtha ..11/4 Stt .03/4 aitta .mi 1/10 9 mtha .91/4 91/8 11 mtht ..tin* 9V10 9m. Tn. WMh Dm. prfcw) 1 mth 11/4
        157 words
      • Article
        Australia/NZ
        44 4 AUSTRALIA/NZ ex changes quoted en June 28 AUSTRALIA: Dfl doilmr I.UM/ 1.14*1 rsl* IfIMtHW forward buyinc imtaK (MlWiaa US aodkn 1.144S KKW tKALAgg ■Ml inn O SSTV 0 5641 US (jottw 1 NO/ I MS Ninety-**? airmail buying rmtw SterUnc US dollar I.SSII
        44 words
      • Article
        Discount
        41 4 HANOI of price* offered by (Uacount houses on June a Overnight I* to 3W% Call deposit* -1%% CI—1— *■*>• MUmt 3-month Treasury bllU 34/16 3 3/18 >1/1 1/1 1S/I 16 < 1 1 16 1 119/16 13/16 Source: National Discount Co Ltd
        41 words
      • Article
        MLR
        14 4 THE svwsflo rate at wkick Singapore banks are currently prepared to lead to
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      • Article
        Zurich
        42 4 ZURICH exrhanfws closing quotes on June 27. OS 1.0071 0001 Stfl 1.4401-4017 Can 1.0071 OOSS Dm* 00 75»-31Sl Dfl 03 8000 0070 Ttr 4S.SOSO-41.0050 S&ssS Skr 40.0731-7000 Lit 0.5170-3170 Aua Wh 13.4040-4000 Port 4 0730-0030 Spain 3.3001-1700 Arf 0.34-04 Yen 0.0*40-01
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      • Article
        New York
        229 4 THE DOLLAR closed lower against major currencies on Tuesday in sporadically active trading as 'the yen finished at a new post-war high of 0.4893/98 cents or 204.27 mid-point. News that the US Senate voted to prohibit President Carter from imposing fees on oil imports pushed the dollar sharply
        229 words
      • Article
        London
        195 4 THE YEN moved ahead strongly at yesterday's opening, meeting fairly strong continental demand following its rise In Far Eastern centres. The renewed weakness of the dollar resulting from Tuesday's Senate vote preventing the imposition of oil Import fees was partly responsible, but dealers said the yen's rise Is part
        195 words
      • Article
        Tokyo
        218 4 THE US dollar for overnight delivery yesterday closedat 205.35 yen, sharply up from a 204.00 opening, but down from 206.30 on Tuesday's close, after falling In early trading to a poet-war low of 203.80 yen. Trading was heavy, with volume U***** million. The Bank of Japan was believed to
        218 words
      • Article
        Hongkong
        126 4 THE U8 dollar closed little changed from overnight levels in New York yesterday, In fairly active trading after a quiet day. The US dollar, however, recovered to 204.80/90 yen from New York's 204.15/38 close after opening at 204.90/206.00. It was quoted at 2.0705/18 marks against 2.0725/40 In the US,
        126 words
      • Article
        Euro $ rates
        97 4 Euro rates EURODOLLAR deposit rates yesterday opened basically steady, but were adjusted lower because of the Friday start In moderately active tradinr Long weekend was more expensive at 8 3/4 5 5/1 per cent because of the US Independence Day. Boroocrosrr mim— vem oa OS doOara: OmWH IS/4 7M Than/
        97 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      175 4 LONDON AMERICAN FINANCE CORPORATION LIMITED The Directors of London American Finance Corporation Ltd. are pleased to announce that they have chosen Singapore for the location of its Far East-Pacific Regional Representative Office. The London American Finance Group has been involved in international trade financing for more than thirty years serving
      175 words
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  • TRANSPORT
    • Article
      Call for a 50pc cutback in shipbuilding
      658 5  -  10 By CHAN BONG SOO GLOBAL shipping, whether private or state enterprise, cannot carry on with Its financial lifeblood being drained by excess tonnage. Sooner or later governments will have to cut shipbuilding by SO per cent or the present slump will be
      658 words
    • Article
      KLM SEEKS CHEAPER FARES
      134 5 KLM, the Dutch airline, {rants to lower AustraliaHolland fares to match the •nes expected soon on the toute to London. *The airline's general manager in Australia. Douglas Worrad, said KLM would press for a new bilateral agreement between Australia and Holland allowing fares as low as
      134 words
    • Article
      Japanese, European lines in trouble
      367 5 THE SLUMP in the ocean shipping business, highlighted recently by troubles of Pacific Far Eastern lines, has become global and Is deepening. The Journal of Commerce in the US said European and Japanese shipping lines now are suffering acutely from the slump, which first hit
      367 words
    • Article, Illustration
      SHIPS IN PORT
      422 5 EXPECTED ARRIVALS TODAY i.. KEPPEL WHARVES Barge CO 11 (1500 alongside Manoloeverett after CG 19) 29/30 Barge CG 19 (1100 alongside Manoloeverett) 29/30 Barge 431 (1100 alongside Manoloeverett) 29/30 v fearge CO 906 (1500 alongside Manoloeverett after CO 431) 29/30 l,, Centaur (1300 after Crolnto Maru) 42/43
      422 words
    • Article, Illustration
      WATCHFUL EYES ON FISHERIES PROTECTION
      163 5 DELEGATES to a symposium on coastal and fisheries protection in Sydney were given a rare opportunity to exchange experience on protection problems and to see some of the lateet surveillance aids available. The four-day symposium, which began last Wednesday, was organised by Hawker de Havilland
      163 words
    • Article
      Fokker is confident of clinching TDA orders
      316 5 THE president of Fokker VFW International said he was confident his company can beat two other competitors and sell Its mediumsized commercial planes to a Japanese domestic airlines. Although he refused to go into details so as "to remain competitive," president Alan Buley
      316 words
    • Article
      Lock icon LONDON FREIGHT
      130 5 UPI THE WEEKEND chartering flurry quickly lost lmRetus, leaving Tuesday's xtures lists exceptionally short. North Amerccan grain business came to a virtual standstill, while South American grain business comprised just a 20,000-ton July shipment from the River Plate to Taiwan at the lower level of U5528.75 <5566.70) (2,000
      UPI  -  130 words
    • Article
      To Beirut, Kuwait by SIA soon
      136 5 SINGAPORE Airlines hopes to cash in on the growing travel market between South-east Asia and West Asia by Including more West Asian destinations In Its service later this year. Two terminator service to Beirut and Kuwait will begin In August and November respectively. The
      136 words
    • Article
      Lock icon The choice
      36 5 AFP UNITED Airlines of the US will announce it s choice between the European Airbus 810 and the Boeing 767 on Aur 30. A company spokesman said no decision has" vet been taken. AFP.
      AFP  -  36 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      708 5 ARRIVALS flwilw Local Optra tar Number Time From MAS MHOOl 0700 KUL MAS MH682 072S KCH SIA 8Q101 0815 KUL MAS MH821 0040 PEN MAS MH607 0645 KUL MAS MH671 0M5 PEN/KUL OIA OA90O 1030 HLP CPA CZ710 1006 HLP RBA BI323 1025 BWN MAS MH605 1046
      708 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      99 5 This advertisement appears as a matter of record only. m N A v v h I l! I 1 (A Political Subdivision of the Federative Republic of Brazil) US $30,000,000 Medium Term Loan Unconditionally Guaranteed by the v Provided by BANCO DO BRASIL S.A. SINGAPORE BRASILIAN AMERICAN MERCHANT BANK SWISS
      99 words
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  • Article
    We need that big push
    694 6 THE CONCEPT of a trade development council appears to have captured the imagination and certainly the support of Singapore businessmen. But how many of them have a firm idea of the stas, scope and expense involved in setting up such a venture? This Is probably
    694 words
  • Article, Illustration
    MALAYSIA'S BANKS ARE TRAPPED IN A SQUEEZE
    1865 6  -  Bankers are puzzled by the sharp rise In Inter-bank rates In the KL market. Most feel that the large bond Issues by the government have left the banks short of funds. NOORJAHAN KARIM presents a cross-section of hunches and reports NOORJAHAN KARIM MERCHANT
    1,865 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      232 6 t j! v..* m m, ,«jd M*4- mr\M HOtet RoyaIRAMADA Newton Road, Singapore 11. Republic of Singapore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAI *4 moePGm RGDITI Indonesian set lunch daily for lovers of spicy food and our speciality KAN MAS. Try our most-talked about air-flown steaks for gourmets. A special
      232 words
    • Advertisement
      Page 6 Advertisements Column 2
      54 6 u m t r. e 4C\ (Q®\g. June I—3o r if .r*-< 1 h>. *> > Fivni-fc lanikni In I caw unH |«ni|*-r vimr tartc foala Ci\rpc» wtlh Mhfim|mand muHncbt. dkVw ami l ■torn. aifin and raMna,bluchrrric»aitrl kinn'h Crvfvafiabirc! Served daily during lunch and dhmcr. Or. mod FV«>r SWGAPOREHUON I
      54 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in the late morning. for 24 hours prior to 7.30 p.m. on June 28 it Minimum Temperature Sl.l°C Associated Humidity 66 Minimum Temperature 22.5° C Associated Humidity 97 Hours of Sunshine 6.75 in Millimetres 0.4 Total Rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      252 6 $.00 PM Opening announcements followed by Antarctic Summer 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin (Repeat) A Mandarin drama serial 4.20 Intermission 6.05 Opening announcements followed by Lassie 6.30 News in Brief 6.35 Timang Tinggi Tinggi (MalayRepeat) Candid Camera News in Malay Man From Atlantis The
      252 words
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  • Article
    Lock icon AMERICA PROMOTES A BRANDY WITH PEP...
    838 7 NYT MIKHAIL Q. Kkuojru ku been director of the T«mi ConooUdated Cognac Factory in UBSB for aevon hk product la Car better than the "distillery —a nggMta. And next autamn, for the lint time, 15,000 bottle* of Five-Star Armenian brandy will be marketed in
    NYT  -  838 words
  • Article
    STRAWS IN THE WIND
    586 7 QbwSlh the US have' access to a computer-dating Service. The Holsteln Frlesian Association of America ts using a computer to rnatch-make cows and "Wis. "We are using new ■technology to build a better eow," said a spokesman. "This may not have resulted in any story book
    586 words
  • Article, Illustration
    The Tokyo Round must be about trade management
    1325 7  -  The Tokyo Round of trade negotiations Is scheduled to reach a political level agreement by July 15. Participants hope the Tokyo Round will plot a new course for world trade for ensuing decades. What sort of situation will develop when negotiations end?
    1,325 words
  • Article
    Lock icon Incomes policy an important element
    782 7  -  [FOBPM, business •y LEONARD SILK Leonard Silk is a Nmm York Times' financial cdffe mentator. NYT Describe. THE business round table, a group of 190 chief executive officers of major United States corporations, has pledged to cooperate with President Carter In trying to slow inflation,
    NYT  -  782 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      301 7 1 n i It s the toast of the town. IMPERIAL BAR t c r ,'Aw n-/~ <n, What a it about the Imperial Bar that brings them in night after night? The entertaining live music? The reduced dnnk prices during Beat The Clock (5 to 7 p.m.)? The Imperial
      301 words
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      Page 7 Advertisements Column 2
      75 7 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 ORCHARD HOTEL 2 Orange Grove Road, Singapore 10 Tel: *****1 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach RoatC Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove
      75 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      48 7 BriStdWßrarjt Dickers Scene: Q siting room Sorneujh«fe «o sdßvfioia Srtmr a comrrohEjr.tmeol after a Vvandl day c* m 1 s '-+±±1 wt S3 "TO CUT R LONG STORY SHORT HGS opFe«ED nt B JOB BS mßNpfcfcßfcSs PF B MS GDI rrne's. P» Ihu&tTT SCOUT FOR BfcaiSM HI-SREED RB\L./
      48 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Blue chips rise
      561 8 TOKYO Source: DBS-Daiwa THE market yesterday *u bullish, centring on blue chips such as light electricals and pharmaceuticals, although the yen exchange rate recorded a new high. Major securities houses and mutual funds were heavy buyers of blue chips, since yesterday was the first day of trading
      Source: DBS-Daiwa  -  561 words
    • Article
      Sydney
      318 8 THE market drifted aimlessly yesterday with more falls for leaders but also some gains. Banks gained, with the ANZ rising seven cents to A 53.12, only a few cents short of the price before the rights Issue was announced a fortnight ago. However, Industrial rises were overshadowed by a
      318 words
    • Article
      Bangkok
      214 8 THE market closed higher yesterday in fairly active trading and the Book Club index roae 0.83 of a point to 169.56 on turnover of 40.5 million baht. Dealers said Slam Cement rose six baht to 484. 81am City Cement four to 502 and Jalaprathan Cement one to 290. Thai
      214 words
    • Article
      Manila
      107 8 THE market yesterday closed mixed with commercials and minings gaining slightly. Oils declined. Turnover rose to 13.24 million pesos. JUNE 28 Pesos Acoje Mining Atlas Con. A Atlas Con. B Baguio Qold BenguetCon. B BF Goodrich CDCP Inco B Landoll Le panto B Mannduque B Meralco Oriental A Oriental
      107 words
    • Article
      Frankfurt stocks up
      501 8 EUROPEAN MARKETS EUROPEAN bourses were generally easier on Tuesday. However, in FRANKFURT, share prices generally firmed, partly In a technical reaction to the market's recent lows, dealers said. In motors, VW rose 3.80 marks. Karstadt In stores formed five marks, AEO and Siemens gained 1.70 and 1.90
      501 words
    • Article
      Amsterdam
      191 8 JUNE XI ru ABN 363.90 1.5 Ahold 106.30 •1.9 Akzo 28 90 -0.4 AMEV Am las Am rot Bank 75.90 ♦02 Itergoss 10 -0.2 Hrrk 93 30 -0.2' liols Bunuml) 190 50 -15 Burhmann 73.00 -0.5 Byenkorf 92 50 -0.7 Calve Delft 1M 20 -2.8 Dell Ml) 135 30
      191 words
    • Article
      Paris
      273 8 JUNE XI Fr* CORBKILLE Air-Liquide B S N Gervau Danone C S F < ThomsonC*I) Cie Francal»* des Petroies Compagnie Financier* Compagnie Qenrrmle Credit Foncler De France Huchette (Ubnirte) Machine*Bull Michelln (B) Panbas Pechioey CI fine Kuhlmann Peugeot-Citroen Phihpa(NvOem Beat) 288 50 510 290 136 337 331 229 39
      273 words
    • Article
      Milan
      99 8 JUNE n Lire Anic 96 23 ♦2.75 Assoc On ***** -200 Bastoci 450 -I Ontrmle 3680 -33 Fiat 1774 Finuder 103 unch Oen Immob 72 SO -0 25 IFlPn 2185 •6 IUOcementl IUlgu luiatder ***** 883 -140 unch 1»7.7S -0 75 MacnetlMPf 500 -8 MarelllErc 278 •12 Mrdiob *****
      99 words
    • Article
      Frankfurt
      226 8 JUNE 27 Dm Aef-Telefunken 78 50 +1.7 Akxo 27.10 -0 7 All* Leben 630 -5 A1U Vers ♦85 -2 BASF 128 30 -0 2 Bay H T Wbank 280 SOB Bay Vbank 313B Bayer 136 40 -1.2 BBC 298 unch BMW 246 +2 7 Casaella 354 +7.5 Chem Verw
      226 words
    • Article
      Zurich
      182 8 JUNE r Francs Actions Suisses 264 y. Alusulsse Br 1200 -10 Alusulsse Raff. >. S04 •4 Brown Bo*erl Br. 1040 5 CibaGeiffyBr. 1120 Ob»c>icy PC SOO +S Ota Oetffy Reff 595 -1 Credit Suisse Br 2100 unch Credit Suisse Reff 407 .unch Bektrowatt Br. 1730 -19 Georffe Fischer Br
      182 words
    • Article
      Brussels
      92 8 JUNE r Fn FORWARD market Acec 306 unch Arbed 2350 -49 A&lur 618 unch Brascan 473 -e Bru-Lamb 1490 unch Canpac 550 •4 Cock 448 +2 IV Beers 188 unch Kbes 2255 -5 Eleclrobel 6460 30 Gb-lnno-Bm 2150 -15 Gev 1302 Hobok 2245 -25 Pelro 3645 +5 Ryl Dutch
      92 words
    • Article
      Johannesburg
      270 8 GOLD shares were mixed with an easier bias reflecting u general lack of interest on Tuef.day. Dealers said losses were small ranging up to 25 cents In heavier priced shares. Mining flnanclals were mostly at previous levels In quiet dealings. Elsewhere. De Beers eased further to 880 (698). Platinum
      270 words
    • Article
      Lock icon De Beers plan
      305 8 Reuter JOHANNESBURG: De Beers Consolidated Mines Ltd completed negotiations with the government to allow the company to exploit a nev mining area Delow the existing Premier Diamond Mine workings, a De Beers spokesman said. Limited output Is planned for the first quarter of 1979 from the first
      Reuter  -  305 words
    • Article
      GOLD FIELDS DIVIDENDS
      120 8 OOLD Fields of South Africa Ltd declared the following dividends for Its gold mine*, to shareholders on register on June 30 and payable about August 7: DoornfonUen Gold Mining Co Ltd final SO cents (10). malbng 50 (15). Kloof Gold Mining Co Ltd final 25 (15), making
      120 words
    • Article
      Lock icon Hongkong
      356 8 Source: SHK Sec THE market yesterday consolidated again in moderate trading volume despite bullish press comment concerning the continual build-up of Chinesebacked property investments In the Colony. S9me hesitation was noted ahead of an Important land auctioivln the New Territories and brokers pointed to the lack of fresh overseas
      Source: SHK Sec  -  356 words
    • Article
      SHARES FIRM
      1153 8 NEW YORK BTOCKB firmed In a technical reaction on Tuesday to the sharp drop in prides on Monday. Trading was moderate. Attention continued to focus on gaming issues, which came under heavy selling pressure early In the session but later recouped some of their losses. A Commerce Department
      1,153 words
    • Article
      Toronto
      290 8 SHARE prices closed lower In active trading on Tuesday. The omposit* index was off more than three points with declines in 11 of Its 14 component groups. Losses outnumbered gains 243 to 195. Husky Oil fell 3% to 48%. Alberta Gas Trunk Line said It now holds 23 per
      290 words
    • Article
      Selected indices
      61 8 FINANCIAL TTMKf INDUSTRIALS 1 HJL HANOBMG MUI Ml 04 Tuesday 456.3 TiiwiMj Monday 453.0 Week Ago NLH Week Ago .463.4 DOW JONHt AVKkAi wDumiALa Tueefey OB •17.11 ITUUT DfDUVRLAI jk 421 77 Monday 812 28 Week Afo 830 64 LONDON DOLLAR PREMIUM Tuesday 100 to 109W ALL ORDINARIES
      61 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      741 8 INDIAN BANK (Wholly owxd by Government of India) Head Office: 17 North Beach Road, Madras I BALANCE SHEET AS AT 318T DECEMBER, 1*77 CAPITAL AND LIABILITIES PROPERTY ASSETS Capital (Wholly owned by Government of India,) Reserve Fund and Other Reserves Deposits and Other Accounts: n 'Borrowings from other Banking Companies,
      741 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Beef producers in US enjoy bullish times
      781 9 N.AMERICAN NYT NEW YORK: With cattle prices climbing and the supply of animals tight, beef producers' profits seem almost certain to be fatter than at any other time In the last three years. That prospect pleases the K Bar Cattle Feeding Fund and
      NYT  -  781 words
    • Article
      Income rise expected at ITT
      263 9 INTERNATIONAL TeleJhone and Telegraph Corp oresees an earnings increase and record sales for the second quarter of this year, president and chief executive Lyman Hamilton said. Earnings are expected to reach around U881.35 a share, a 25 per cent Increase over the second quarter last
      263 words
    • Article
      Lock icon IBM withdraws
      139 9 Reuter INTERNATIONAL BuslneM Machine* Corp, the giant computer manufacturer, said it hat decided to withdraw it* operations from Nigeria rather than bend to a government demand requiring the partial sale of the company to Nigerians. The company said In a statement the government of Nigeria declined an IBM
      Reuter  -  139 words
    • Article
      Liggett sells foreign business
      607 9 NEW YORK: The Liggett Group, which has repeatedly denied rumours that It is getting out of the cigarette business because of declining sales, said that it had sold its foreign cigarette operations to a Swiss affiliate of Philip Morris Inc. for about US$lOB million. Both companies
      607 words
    • Article
      Corning Glass Works
      131 9 CORNING Glut Works, a manufacturer of specialty glass, reported a 29 per cent increase in corporate profits for the fiscal second quarter •ad predicted continued gains for the full year. For the 12 weeks ended June 18, Coming's profits mounted to US$3O.3 million, or f1.71 a share,
      131 words
    • Article
      Lock icon Fagersta pulls out of merger talks
      202 9 Reuter FAOERBTA, (Sweden): Fagersta AB'-s board decided to withdraw from talks aimed at merging Its special steels operations with those of Uddeholms AB and AB Svenska Kullagerfabrlken, a Fagersta spokesman said. The board believes the government was not putting up enough money to make
      Reuter  -  202 words
    • Article
      J. Brown doubles profit
      93 9 JOHN Brown and Co Ltd announced pre-tax profit of C 23.20 million (£lO.BB million) for the year ended March 31. Tax came to £7.72 million (£1.73 million). Turnover was £283.81 million (£214.74 million). Profit after tax was £15.48 million (£9.15 million) and earnings per share 93.3p
      93 words
    • Article
      Eni deal
      37 9 ROME: State oil firm Eni said its engineering subsidiary Salpem signed a 100 billion lire contract with the Saudi Arabian state oil firm Petromln for construction of a 670 kilometre section of the trans-Arabic pipeline.
      37 words
    • Article
      Lock icon Plessey profits trimmed by Garrard loss
      305 9 KUKOPKAN Reuter PLEBBEY Co Ltd announced pretax profit of £42.88 million (£40.32 million) for the year ended March 31, on sales of £811.1 million (£SBBJ million). Earnings per share came to 11.6p (11.2 p before extraordinary Items of 7.4 p (5 p) after. Trading
      Reuter  -  305 words
    • Article
      AEG-Telefunken voting controls
      297 9 THE proposal by AEGTelefunken to limit shareholders' voting rights to a maximum of 10 per cent comes before its annual general meeting In Berlin. The meeting takes place against a background of heavy stock market turnover In the AEG shares and rumours of substantial stakes being built
      297 words
    • Article
      Enka could recover
      254 9 ENKA, the chemical fibres subsidiary of Akzo of Holland, may return to the profit zone this year, but any improvement will come from further cuts in costs rather than higher sales. Chairman Dr. Hans Guenther Zempelln, addressing shareholders In Wuppertal, West Germany, where the company is based,
      254 words
    • Article
      CHICAGO BOARD OPTIONS
      1524 9 June 27 VOLUME on the Chicago Board Options Exchange expanded to 125,228 contracts from 101,311 contracts on Monday. OPTION JLY OCT JAN STOCK Alcoa 40 2 3/4 41/2 93/8 423/8 Alcoa 45 3/8 17/8 3 423/8 Alcoa SO 3/4 1/18 13/8 42 3/8 Am Tel 99 51/8
      1,524 words
    • Article
      Aussie Alcoa ends mining of bauxite
      197 9 ASIAN 4 ALCOA of Australia Ltd closed its bauxite mining operations and Its two western Australian alumina refineries because of strikes, the com-* pany said. A series of rolling strikes and union bans have been imposed for nearly two weeks and Alcoa decided to
      197 words
    • Article
      Southland Mining fluorite deposit
      159 9 SYDNEY: Southland Mining Ltd hopes to begin mining its Planclano fluorlte deposit in Italy in 1980, chairman Maurice Messara told the company annual meeting. He said a study by London-based B L Hodge and Co showed the deposit contained 7.72 million tonnes of fluorlte In the
      159 words
    • Article
      Lock icon Reckitt & Colman to pay the same
      134 9 Reckitt Colman to pay the same Reuter RECKITT and Colman Australia Ltd said it expects to pay a final dividend for the year ending Oct 31 at least equal to The A 6-1/4 cents a share final for 1976/77, in the absence of unforeseen circumstances. The company paid the 1976/77
      Reuter  -  134 words
    • Article
      Lock icon French BP to borrow
      88 9 Reuter PARIS: Ste Francalse des Petroles BP said It will call on shareholders to authorise bond issues of up to 400 million francs and a capital rise of up to 300 million francs. The company's present capital Is 386.24 million francs, 70 per cent held by
      Reuter  -  88 words
    • Article
      Nedlloyd
      59 9 AMSTERDAM: Bhlpplng Company Konlnklljke Nedlloyd Oroep NV signed an agreement for a US$5O million 10-year syndicated loan on a rollover basis, syndicate leader Algemene Bank Nederland NV said. A bank spokesman declined to disclose what spread the loan carries over London Interbank offered rate. The financing will partly cover
      59 words
    • Article
      Lock icon Samsung Electron
      170 9 r i BONDS&LOANS b A Reuter HONGKONG: A US$l2 million seven-year syndicated loan at one per cent over London interbank offered rate (Llbor) for Samsung Electron Devices Co of South Korea was signed here, a spokesman for lead manager, BT Asia Ltd said. The loan carries a three
      Reuter  -  170 words
    • Article
      ITT DEBENTURES
      93 9 NEW YORK: ITT Financial Corp public offering of US$l25 million 8% per cent senior debentures was priced at 99.25 per cent ot par to yield 8.998 per cent to ihe first optional maturity date, Lehman Brother Kuhn Loeb Inc, manager of the underwriting group said. Holders may elect
      93 words
    • Article
      Ezumiya issue
      52 9 FRANKFURT: Erumlya Co Ltd of Japan la negotiating a 40 million mark convertible bond issue with a Srobable eight year life and -3/4 per cent coupon, bond market sources said. The bond should come to market n the second week of July and will be lead managed by
      52 words
    • Article
      Republic of Panama
      47 9 SAN FRANCISCO: Bank of America said it Is processing a US$3OO million 10-year loan to the Republic of Panama. The loan will be a refinancing to consolidate other loans. Bank of America Is co-manager with Citibank N.A. and Bank of Tokyo for the loan.
      47 words
    • Article
      Monteforno
      42 9 ZURICH: The 40 million franc,* 4.5 per cent bond issue floated here at par by Swiss steel company Monteforno Acciaierie E Laminatoi SA was undersubscribed and its maturity has been reduced to eight years from 10, Union Bank of Switzerland said.
      42 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      31 9 INDCBUEZ |Mrra ,r V INDCBUEZ INDLbUEZ Nbur ivDfldivide fun service bank I usm i« fl IX INDCSUEZI BS=a4S SS US &ngaporal.T«t *****11(15 bnM) Mows Snoaport P.O Box 246. MCAO OFFICE. PAWS
      31 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1527 10 BHD and offsr prices officially hstad bwtnsss in and reported to um g-ESSaMSSXSS itoown in brackets in lots of 1.000 unIfiniw otftenrlm specified. tt'-M Time Brttliunt Contracts are quotsd altar Um world "sstt." Sl» Board deal (In lota of 2,000 units) art quoted altar Um letters 88. ""V
      1,527 words
    • Article
      Government bonds
      86 10 S 1/4% 11/16/79 250,000) (101.358 102.458) 4 1/4% 18/9/W (250,000) (1W.458) 1% T P 15/4/81 (250,000) (106.008) f% IV4/S1 (250,0W) (IW.WB 100 758) 7% IV4/8* (250,000) (IW.WB 101.058) 7 1/4% IS/4/86 250,000) (IW.WB) 7 1/4% 16/18/ M (250,000) (100.75B) 7 1/4% 1/8/87 (250,000) (100.7 SB) 6 1/2% T
      86 words
    • Article
      Stock options
      45 10 STRIKING prices of the stock options offtelsUly listed on the Stock Exchange of Singapore, the periods. Ma and offer prices and business done yesterday with the number of options traded shown In brackets. St Steamship (Sept $2.10) (0.258). U E (Sept SUS) (0.40B).
      45 words
  • Article
    SHARE INFORMATION SERVICE
    2508 10 1978 High Low Company Last Sale +or» Cfr's Dhr Dfr Cvr Gr'i Y*M Net P/E Vol C899) Day High Low SECTION ONE INDUSTRIALS 217 214 172 225* 83 245 261 210* 478 436 132 123* 112 195* 60 V, 162 173* 140* 256 394 Acma Alcom Allied
    2,508 words
  • Article
    Unit trusts
    151 10 SINGAPORE UNIT TKU8T INCOME BOND UNIT (MaaagM* prtees fer Jrnrn* It) (UurM m nam 1.06 The Commerce 2 07 a.aosd INCOME BOND 1.11 The Serine Fund 8'pore Prof Fund S poreSeeurtty 1 30 in 1.38 1.00 MARA BUMIPUTRA FUND IN 2 06 132zd (Maaafsrs proas First Bumlputra far
    151 words
  • Article
    In Kuala Lumpur
    1580 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise spe tffled industrials (MSB) XD. Ajtwwu (3.4T8). (MOB 2 238). AIM MM* (0.958)
    1,580 words
  • Article, Illustration
    Prices move higher in heavy activity
    716 10 SHAKE pricea generally Armed oa the Stock Exchange of Singapore yeetorday aa tradara renewed their interest k tha ate Mutari besides newlyliatad SiHiport Bu Service. New favourites in the industrial sector wan Sims Darby and Guthrie. Market leader Sime Darby ahot up ta $2.80
    716 words
  • Article
    KLSE shares end on a firm note
    670 10 BLUE chips and Investment counters, especially the plantations, featured In very steady conditions at the Kuala Lumpur stock market yesterday. These shares accounted for the bulk of trading and finished with strong gains. After a quiet first session, trading turned brisk and the
    670 words
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  • COMPANY NEWS
    • Article, Illustration
      UOF confident of further growth
      694 11  -  ■y MANO SABNANI ALTHOUGH no specific profit forecast has been made for the current year, the directors of United Overseas Finance (UOF) are confident that the company will continue to Achieve "satisfactory growth" in the future. Their optimism Is based on the steady profit growth
      694 words
    • Article
      S. Shipyard in diesel venture
      125 11 SEMBAWANO Shipyard Is Jo set up a Joint venture with a Swedish company to manufacture, market and service diesel engines. t The diesel engines will be in the 600 to 3200 horsepower range and will be used both as main propulsion engines and auxiliary engines
      125 words
    • Article
      Query for South Johore
      122 11 THE Kuala Lumpur Stock Exchange has queried South Johore Amalgamated Holdings about its Joint venture with Vista Land and Its acquisition of a 70 per cent Interest in Syarlkat Kenderaan Melayu Ponttan (MY The exchange wants to know the company's total equity participation in South Johore
      122 words
    • Article
      Wilkinson's one for four scrip
      414 11 FOLLOWING the crop of bonus issues declared recently, the Wilkinson Rubber Process Company has come out with a scrip Issue of one for four. This issue, capitalising Si.9B million from its general reserves which stood at $2.5 million last September 30, will raise Its paid-up
      414 words
    • Article
      DIVIDENDS ANNOUNCED
      569 11 Current Ex Books Date Total (WTota! MP payment Date CloM payable the year previous year Mentakab 20% Jun 7 Jun 19 Jun 29 31% 25% Setron io%<b) Jun 9 Jun 10 Jun 29 10%(e) ia%(b) Gold Coin 8%<P) Jun 10 Jun 23 Jun 29 12% 11% Iachcape 15%
      569 words
    • Article
      SCRIP ISSUES
      174 11 Coapujr Particulars Ex Date Books Close Oriental HoMiagt WUUmh GmlEutonUfc Malayaa Flew Straita Trading 8ia HaacCtua PaclMalavaia M'aia FaMmilla UNHN 8aa<a»a Ptjrwaad SymtWttc Raalaa Bonus Issue of 1 for 2 Bonus Issus of 1 for 4 Bonus Issue of 1 for 2 Bonus Issue of 1 for 3
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    • Article
      Veneer
      22 11 VENEER Products' registered office Is at Suite 2716, 27th Floor, Internationa) Plasa, Anson Road, Singapore 2, as from June 1 1978
      22 words
    • Article
      COMPANY MEETINGS
      198 11 Malayan Floor Mills Bhd et Malaysia: AOM to be held at Malaysian Industrial Development Finance Bhd, 4th Floor, Bangunan MIDF, 117, Jalan Am pang, at 10.30 a.m. on June 29. Gold Coin Ltd: AOM to be held at 8th Floor, Denmark House, Raffles Quay, Singapore, at 9.00 a.m.
      198 words
    • Article
      Pernas Charter
      58 11 PERNAS Charter Management has informed the Stock Exchange of Singapore that from June 21,1978, Its new address will be Wlsma Bunga Raya, Jalan Ampang, Kuala Lumpur, 04-06. Anglo-Oriental (Malaya) and Associated Mines (M) will also be at the same address but mall can still be directed to these
      58 words
    • Article
      Pahang Consolidated
      130 11 THE Pahang Consolidated Company has informed the Kuala Lumpur Stock Exchange that a dividend of 3 1/2 per cent on the 100,000 (7 per cent) cumulative Krerence shares for the f y«r ending July 31, i»7B will be paid on that date, less Malaysian tax at 40 Per
      130 words
    • Article
      M'sian Mosaics achieves turnaround
      324 11  -  •r DAVID CHOW A TURNAROUND In the second half helped Malaysian Monica to move back Into growing profitability, after a disappointing setback in the first six month. The company reputed a marked Increase of some 80 per cent In pre-tax earnings in the second half to
      324 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      1641 11 V Bank of Montreal 129 SW James Street, Montreal, Quebec H2Y IL6, Canada. mromr men m umum at i mm Caeh end dM from bonks (Hall S) CKoeees and otter items mi transit, Ml Securities wil or fuorentood toy Canada, •I omertued value Otfar tecuntat. net Day. call and short
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  • Article, Illustration
    Ardmore promises you high living
    360 12  -  •r TEO TECK WENG MALAYAN Credit Properties (MCP), developers of Ardmore Park, may find luelf saddled with a $90 million white elephant. But there are signs of a pick-up in the residential property market, and MCP, which went $1.54 million into the red for the
    360 words
  • Article
    How Ben assets shrank in 12 months
    394 12 THE net assets of Ben and Company shrank In 12 months to less than half the value reported at the end of February 1975, a Commercial Crime Branch accountant told the district court yesterday. -Mr. Chla Khong Slen, testifying at the trial of
    394 words
  • Article
    LONDON STOCKS
    676 12 fDON. Wed Prices closed d after earlier gains were ;d on renewed uncertain over economic prospects, >rs said. ■"tot 3 p.m. the Financial fifties index was up 0.1 at W A •government stocks were fMund 1/8 to 1/4 easier In >>Bgs. after early similar jWns while some shorts
    676 words
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    First step towards setting up TDC
    688 12  -  CHAMBER MAPS OUT PLAN »r JOHN LIM A PRELIMINARY draft proposal on the setting up of the Trade Development Council will be submitted to the Oovernment by the Singapore Federation of Chambers of Commerce and Industry. Discussions with government officials will resume once the
    688 words
  • Article
    Lock icon GSA SUSPENDS TIN SALES
    128 12 Reuter THE U8 Glanaral Bwtleii Administration is suspending sales -of tin tad mom ether commodities, effective immediately, p sailing review of mlm methods. iUHuioi > ?MimtoS with current allegeHons of wUMpnadfrudwhUatk GBA. although they noted (km kn hepa no spsrlfli allegations regarding the •ale at eommoditiee.
    Reuter  -  128 words
  • Article
    Ironies of a floating rate system
    426 12 COUNTRIES enjoying a balance of payments surplus have ironically found themselves In trouble under the freely-floating exchange rate systems. It stems essentially from an Inflow of foreign curren- cies and a sudden build-up of reserves. These are both the result of trade surpluses and
    426 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      884 12 Leader Pag* I IRVING TRUST COMPANY AND SUBSIDIARIES (Incorporated in the State of New York, U.S.A.) Head Office: One Wall Street, New York, N.Y„ IRVING TRUST COMPANY AMD SUBSIDIARIES Consolidated Statement* of Condition i December 31, 1977 and 197* (In Thousands) IRVING TRUST COMPANY AND SUBSIDIARIES Consolidated Statements of Incoaa
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    SHIPPING TIMES
    4860 13 MWaiMHB A guide to ships loading at Singapore for Ports around the World Tht following list tabulate*, by port of datUnaUon the name of the ship, the shipping line Involved, and the esumated dates bf arrival and departure from Singapore port. SonOitch has t Joint ser vie* arrangement
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      458 13 MAERSK LIN Of >u'th" dftji/s t .til *****46 Port Kelan* *****0 Kuala Lumpur 3656 ***** 1 SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION) rm a 1 Agents C F SHARP bCO iM) PTE LTD IRAQI LINE IRAQI ST AT fc tNTtKPHISt FOR MARITIME TRANSPORT EXPRESS SERVICE TO BASRAH 14 MILT HI
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      Page 13 Advertisements Column 2
      504 13 STRAITS TRANSPORTATION PTE. LTD. COMPANIA NAVIERA MARASIA, S.A. FVU CONTAINS RSHIP SERVICE TO MO FROM IMCEIONA DISCHARGING LOADING BARCELONA P KELANG S PORE S PORE P KELANG BARCELONA MEMTERRANEA Mm I MONTIUK Mr It 17 km.2 LAURO/VICEROY/GLOBAL JOINT SERVICE KCUUR INOEPENOENT MONTHLY DIRECT SERVICE TO VtN. LAGOS '(VESSEL Smprw* Aag
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      Page 13 Advertisements Column 3
      0 13 }-}<~\|}\_;;]>*<;}]@$^<},(<+^[)
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      554 14 SHIPPING FULLY CONTAINERISED TO EUROK lOTtwkqr •""I* »«R»»B* o»*«rfci>i» u/i 12/1 EXPRESS CONVENTIONAL TO EUROPE Fp*ra PMaai fw Hta Span PUmi H'tarj BlHMßtfa* La Karte btmm p 30/6 19/7 21/7 22/7 24/7 5/7 7/7 30/7 1/8 2/8 5/8 14/7 lf/7 5/8 7/8 8/8 10/8 21/7 23/7 12/8 14/8 15/8 17/8
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      Page 14 Advertisements Column 2
      751 14 a SANKYO LINE| AUSTRALIA SERVICE SEA BLOOM THREE STAR DIAMOND STAR (WCi) (2nd CaM) M MAN LMJhglar FK.MEL.IKI SYO.MEI t Caff) 1/2 My HOEI.MEL.SYD 4 Caff) 11/14 My 15/ IS My MEL.MEI.SYO EMM 11/19 My 21/21 My DARWIN, MIS, SYO.MEI BANGLADESH SERVICE MAY CMf 11/19 JULY 11/17 JULY CHITTMONC. CHALNA
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      Page 14 Advertisements Column 3
      430 14 72 YJ U.S.A./ ASIA SERVICE SOVWtAWNG ednesmy for ponys m ha. TNAIUMO MO PHILIPPINES 40TH FLOOR HONG IEONG BLOG 16 A/Wltf QUAY S'NG?PORt 1 fjs'om* StrmCf Book'H lermmal ?%7«-j3 K***** FULLY CONTAINERISED SERVICE 60 one botttr to Mm MkJdle East PRIORITY BERTHING 1 DISCHARGE AT AU PORTS Y'HAMA KOBE KAOSHIUNG
      430 words
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      Page 14 Advertisements Column 4
      453 14 Everett Lines rw 3 :i m "EVERETT ORIENT LI MPAN/BAY OF BENGAL JAPAN SERVICE LOADING FOR HONGKONG. JAPAN. BUSAN HANOIOEIERETT Everett Steamship Corpn.S/A tmrt W—MM MEDITERRANEAN SERVICE VIA SUEZ •mid Hani >My P. SM. Hnmn, MraL Lattalua AMaalrta Nariaft ton IIM) taaftei Trtpak. Alparv KaAaiaaawa Han UM» Lai PaMai liabaa
      453 words
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      Page 14 Advertisements Column 5
      529 14 I K I >1 I I H I Orient Overseas Co*Uci*teA. Line in V 7 11/7 12/7 20/7 21/7 27/7 21/7 VI vi 11/1 12/1 IVI IVI 5/7 7/7 12/7 14/7 21/7 23/7 27/7 29/7 l/« S/l VI 11/1 IVI IVI IS Jill .J !i (VIA SUEZ) 21/7 22/7 2V7
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1257 15 QCL Overseas Containers Limited service ti Ntorf t'wn P. Ktlaaf CUDUI MT m 114 MX atai em m innmu 11 a* 11 a* 11 a* J|* ;g J«g «ta mam 11 tat !ln (In IM im IM •SUA MT 11 5 n ta| n II M*(ii tal »m lIVUPMI MT
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      Page 15 Advertisements Column 2
      935 15 w Ajuetaervv*cfßanLmc.BkiBFbmeiC3eriLmeandNSktO IWiM 4/ IMy >/ •My Amsterdam lilburj Hs*l Lenoes Bilbao. Amtttr* Euro** Penan* P KelJOf Snnapera Ml KUCHKIU M My KHtIK 11 kft W/» 11/1? SINSAPOIt i Stum MMPIM PTE. Lit. KUALA LUMPVI MR UM STEAMCM POUT KEIAMC KM UM ITCAMM AMERICAN PttSIDCNT LINES fITBAITS IXVIIM COMTADIBI HITIVI
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      Page 15 Advertisements Column 3
      463 15 umuniu MM man iMr imi II DIIOI MM) NMI iMr n m* aMi UCI KM< HMI if immmm 11 km n*m tt MM is M my aa* n*m "W U1 rwK rMvtn nw «m sotow k* MM| Bk» 4 IX »M| mi m Ml tl Aa N Art Midi *3
      463 words
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      Page 15 Advertisements Column 4
      815 15 Scan Dutch V > p. «*mt v«mx J iwi 1/ MTUMII MIMLP a/ 7 MIAMI* VI aMM 11/1 1 1 l» I. Jk. .11l s ND FROM MED/UK/ i i:: i i rA'ILI ll 6 kwi UNMI r>M 4) r«M 9 L«N 0 MMillet P. Mlaa| S'pare MTUMU MM to
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      Page 15 Advertisements Column 5
      399 15 GUTHRIE BOUSTEAD LTD B A N SINGAPORE *****4 PT t- I J8».3( KDAI'A I [IMPUR 20J7 1 1 t'i MAM, U KtIUU INKPUKKT soma FESCO LINES FESCO STRAITS PACIFIC LINE rt« pacific Jin am MfTmn MV I. MTUMfVHT n M. mi ■V L VEMHSNfV P. KUni Peiung Ml VI mi
      399 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      806 16 K line KAWASAKI KISEN KAISHA. LTD (VIA SUEZ) kl C«ta>aar V to mon S'gore P. Kelang L.Hawi H'bgri Bremen R'da« ■■witfin nr Saitatf la Part II My 21 My 21 My 22 lily 24 M> 3iUU nil nV 5My •My 27 My 21 My 2i My J1 My Sm CMUL
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      Page 16 Advertisements Column 2
      1069 16 E. C.-B. A. MUUmC/tVLF SERVICE taEPim ra/ia aminos no itm.' sum. ram LIM>K Mr WlfHl M« VIM. UL7IMMI. MUMS. MMTM Sinf»p<v> P U E.C./GREAT LAKES SERVICE Ua*n tar HMFOU. Ml >W. MMTMU. MVilli" IMU 71 SCI) Wtsi lIHCAL" (IMU 14 SCI) ScIWW P. Ralan V»f»l 1.10-11/tal 8/27 la* Jdy 1
      1,069 words
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      Page 16 Advertisements Column 3
      1016 16 INEPTUNE OWE NT LINES LTD I •FULLY CONTAINERISED SERVICES: n marc cm sw GBIENTAL KaißH cnevalieb pabu cumin Ma KQNtXBNC CBNTAINEI tC PUL Spara ctwac «Maa: S'pore P. Kelaa* S h*npt«i Brew SjM hiPvt IBMy nMy fl My 5Mr IMy aMy 27 My *My 11 My 12 My 21 My
      1,016 words
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      Page 16 Advertisements Column 4
      656 16 m MALAYSIAN OHTBKNATIONAI SHIPPING CORPORATION BiftHAD EXPRESS FULLY CONTAINERISED SERVICE TO'FROM MED/UK/CONTINENT/SCANDINAVIA ist wm feeder *P Vvtstl I'IOCI II topeilles J) I 00!» 11 Mborg 4) Cburg MW|. t_ Haw*. UMoo. Ml w, EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T( Moni M'M| Ptmng leotiog M> IMU •nil */1l Ml U/14 l*>l
      656 words
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      Page 16 Advertisements Column 5
      692 16 f INTRASEA (PTE) LTD. f HtSLM IMEPCNKNT S»/nU CMTAJIKI SUTiei II EMP» Sport P Uimi fiHH Imum IK UIM44 Muwnr nil i m» i Mr (SrMMD) WMBM Mil (Cwtr sfe*> 1 Am Ht»rt/fttm/e miuu Mil aIM Mr uMr i. •kttmtm nnrn* SIA tar a*tw Mit'MMr J um: -ri mrusu (no
      692 words