The Business Times, 4 July 1978

Microfilm: NL9760
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, JULY 4, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Norway in Opec?
      57 1 AFP OSLO, Mon. Arab countries are likely to ask Norway to Join the Organisation of Petroleum Exporting Countries (Opec), the Norwegian dally newspaper Aftenposten reported today. The paper affirmed that such a suggestion would be made by Arab ministers to Norwegian Prime Minister Odvar Nordll and Oil
      AFP  -  57 words
    • Article
      Lock icon Sales tax
      76 1 AFP JOHANNESBURG, Mon. A general sales tax of 4 per cent (South Africa's version of VAT or value added tax) came into force today after a Christmas-style rush on shops last week. Finance Minister Owen Horwood softened the blow for consumers and trade unions, however, by abolishing another
      AFP  -  76 words
    • Article
      Lock icon Mine your words
      66 1 Reuter TORQUAY (South England), Mon. The British government's plans for a tough, new wages policy today received a curt rebuff from the powerful coal miners' union. Union President Joe Oormley said It will not tolerate continued government Interference In the pay bargaining process. "We will not be
      Reuter  -  66 words
    • Article
      Million-dollar blaze
      67 1 FIRE broke out at a chemical factory In Jurong last night causing damage estimated at more than $1 million. The blaze lasted for more than two hours at Hong Seh Co. In Lokyang Road. The fire Is believed to have started In the rear of the factory where
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    • Article
      Lock icon Bank merger talks
      79 1 AFP OSAKA, Mon. Sumitomo Bank, Japan's third largest commercial bank, Is holding talks on a merger with an Osaka-based mutual loan and savings bank to become the second biggest banking Institution In the country. Informed sources said today If the merger materialises, Sumitomo Is likely to absorb
      AFP  -  79 words
    • Article
      Oil targets met
      83 1 HONOKONO, Mon. China's oil Industry fulfilled its targets for the first half of this year, the Hslnhua News Agency reported. It gave no production figures, but said crude oil output rose by 11 per gent compared with the first half of 1977,' while natural gas production rose
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    • Article
      Lock icon Limit on price hikes
      78 1 Reuter THE HAQUE, Mon. Economic Affairs Minister Oljs Van Aardenne said the amount by which Dutch Industry may raise prices this year to compensate for wage rises In 1977 remains at 2 per cent for the first half year. In a letter to Parliament, he said
      Reuter  -  78 words
    • Article
      Lock icon Dow Jones
      59 1 UPI NEW YORK, Mon. Stocks were lower early today In slow holiday trading. The Dow Jones Industrial average, which fell 2.09 points on Friday, was off 3.11 points to 815.83 around 11 a.m. EDT. The blue-chip Indicator lost overall 4.07 points last week. Declines led advances, 400 to
      UPI  -  59 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      64 1 Rises Wilkinson 360 +52 ttaao 352 +10 Oriental Hldf* Alcoa 535 15 223 13 Both—i 454 12 Shell 287 12 Robinson 257 11 Ayer Hitnm Tin 1060 10 CnrUbcrf 540 10 Shnncri-Ln 380 10 Spore Merlin 248 10 Falls Sunfet Beei 045 -15 Mefa Chem 132 -8
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    • Article, Illustration
      In Kuala Lumpur
      104 1 Rises Mlnsec 4.10 .30 Oriental 9.00 .20 Rahman Hy 5.10 +.18 Mentakab 2.84 .10 SKlnta 6.15 .15 AHitam (Rubber 2.24 .14 UAC 3.10 +.14 EssoOll 3.64 .14 Foils OCBC 0.00 -.15 Oleanealy 1.70 -.10 Utd Mai 4.50 -.10 SgBesl 8 Mai Tin 0.55 0.00 -.10 -.10 AHitam
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  • Article
    SIA after-tax is $5m off the mark
    716 1  -  OPERATING EXPENDITURE UP By RONNIE LIM SINGAPORE Airlines' profit forecast took a $5 million nosedive for Its last financial year ended March, 31. SlA's latest 197,7-78 results released yesterday, show a more modest net profit after tax of $25 million against Its projected
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  • Article
    Brazil sparks plunge in coffee prices
    275 1 COFFEE prices tumbled rapidly on the London terminal market yesterday morning on the announcement that Brazil is cutting its coffee export price by 10 US cents (523 cents) a pound. Housewives could expect to see the drop reflected in supermarket prices sooner than they
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  • Article
    Vast market for telecoms equipment
    686 1  -  ■y SIVA ARASU (SINGAPORE'S total Import of communications equipment and systems is predicted to reach $710.7 million in 1982. Similarly, Malaysia and Indonesia are also expected to Increase their imports substantially by then, though their imports, projected at $358.8 million and $287.5 million respectively, are
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  • Article
    Lock icon Sabah's cocoa project
    202 1 AP A US$l2 million (8127.6 million) coco* project If to be undertaken by the Joint Saudi Arabla-Sabah company recently incorporated in Kota Klnabalu. The company, Sabah Holding, will develop 6,000 hectares of cocoa plantation* at Slllbukan, In Lahad Datu district. The vice president of Triad Holdlnt Corp
    AP  -  202 words
  • Article
    ABS and Asean experts form technical panel
    316 1 A 33-MEMBER technical committee has been formed between the American Bureau ef Shipping and Asean marine experts. The task of the committee is to maintain closer contact with experts on scientific and technical matters on shipbuilding and marine engineering. The setting up of
    316 words
  • Article
    Implementing central clearing in three stages
    423 1  -  •y PETER CHIA THE computerised system for the clearing of securities will be Implemented In three stages from Jan. 2 next year. In the first phase, the Securities Clearing and Computer Services (SCCS) will provide an inter-broker clearing service. There will be no delivery
    423 words
  • Article
    Help small firms...
    104 1 FINANCIAL institutions in Malaysia were urged to switch their attention from big business In favour of small-scale enterprises. The president of the International Confederation of Free Trade Unions and the Malaysian Trade Union Congress, Dr. P.P. Narayanan, said financial Institutions need to concentrate on these small scale
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  • Page 1 Advertisements
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  • TRADE AND INDUSTRY
    • Article
      Wiring code to ensure your safety
      282 2 THE Singapore Institute of Standards and Industrial Research (Slslr) has published the Singapore Standard Code of Practice CP 5: Code of Practice for Wiring of Electrical Equipment of Buildings. This Code of Practice is to ensure safety, especially from fire and shock when using
      282 words
    • Article
      Lock icon Thailand Offers Burma farming know-how
      291 2 Reuter BURMESE Deputy Minister for Planning and Finance Myo Mylnt yesterday met Thai Deputy Premier Sunttoom Hongladarom and exchanged views on economic cooperation between the two countries. Mr. Sunthorn said after the meeting that the visiting Burmese delegation was Interested in agriculture and fishery development
      Reuter  -  291 words
    • Article
      World safety and accident prevention
      100 2 THE second World Safety and Accident Prevention Congress (Wosapcon) will be held at the Hyatt Hotel from July 8 to 14. The congress, to be opened by the Minister for Health, Dr. Toh Chin Chye, will feature two key speakers. They are Mr. Frank Bird,
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    • Article
      Spinning all day long
      590 2  -  AUSTRALIA, NZ MARKETS FONG MEW LENG SINGAPORE'S textile and garment manufacturers are back to full-capacity operations with the steady rise in exports to Australia, New Zealand, the US and the EEC According to Mr. John Lu, managing director of South Grand Textile, the textile Industry Is
      590 words
    • Article
      IBM steps up role
      174 2 THE FIRST online banking system In Malaysia launched at the Hongkong Shanghai Banking Corporation earlier this year brought Into focus the Increasing Interest shown by IBM, the world computer giant, in the banking sector in Malaysia. With the installation of the IBM 370/138 late last year,
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    • Article, Illustration
      Sales will enjoy a big lift
      582 2  -  "y JOHN LIM SINGAPORE'S expanding manufacturing and service sectors and Increasing standards of living all Point to a greater need for mechanical handling equipment for goods and materials Mr G.J. Price, the Australian High Commissioner was speaking at the official opening of the three-day
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    • Article, Illustration
      PEOPLE IN BUSINESS
      299 2 MORGAN Guaranty Trust Company Is making several staff changes in its Singapore office in September: Mr. David Band the Singapore office vice-pre-sident and general manager, will head the Paris office. Mr. John Old* will succeed Mr. Band In Singapore. Mr. Philip Deer will take over Mr. Olds'
      299 words
    • Article
      ANGRY RICE FARMERS
      275 2 SOME 10,000 Japanese fanners staged a rally in Tokyo on Monday to press for higher rice prices. They condemned the government's easing to import Suotas on agricultural and airy products. Prime Minister Takeo Flkuda, though aware of the need to reduce Japan's huge trade surplus through Import
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    • Article
      Lock icon Taiwan is top sweater exporter
      69 2 Reuter TAIWAN has become a leading manufacturer and exporter of sweaters. During the first five months of this year its exports reached US$l59 million (***** million). The Central News Agency, quoting the Taiwan Sweaters Association, said the sales represented a 25.9 per cent increase over
      Reuter  -  69 words
    • Article
      JAKARTA VEHICLE PROJECT STUDY
      93 2 A JAPANESE team left Tokyo yesterday for Jakarta to study the feasibility of an Indonesian project to manufacture vehicle engines. The Japanese International Trade and Industry Ministry said the survey followed an official Indonesian request. Mr. Hellchl Hamaoka. the ministry's vehicle section chief, led the 12-man
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    • Article
      Thomas Cook sets up office in KL
      245 2 THOMAS Coik, om at the largest travel afMiM la the world, has eot op mntei la Koala Lunar la partaership with Aatah HeMtags, a t—lflu tratfag oompaay. Accordiag to the maammm tar Stagapere aad Malaysia, Mr. RoMa C. TitMMha, Thsams Cook holds 79
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    • Article
      MEMO PAD
      452 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC July 6-13: Financial aspects of personnel mngt, Hilton, POD July 6-7: Planning budgetary control for managers, Hilton, Price Waterhouse July 7: Travel Agents* Presentation, RELC, British
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      195 2 Zl [TIT] ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles? If not then
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      636 2 TWO-IR-OME CHOSSWOBD CRYPTIC PUZZLE ACROSS 3 A tune with charm (5) 8 Pub making some allocation (5) 10 Greeting to cry out when all in? (5) 11 Is It chewed somewhat argu(3) 12 Having some grub to eat Is fine (5) 13 Game to go tor rambles? (7) IS The
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  • OVERSEAS
    • Article
      Lock icon Spreads likely to remain steady
      884 3 SYNDICATED EUROCREDITS Reuter MARGINS on syndicated Eurocredits for quality borrowers are likely to remain at the present level of to of a point above London Interbank offered rates during the next six months, Kredletbank SA Luxembourgeolse executive director Andre Coussement said. He said he did
      Reuter  -  884 words
    • Article
      Fishing industry does Cuba proud
      716 3 CUBA'S fishing industry has grown Into the second largest earner of hard currency for President Fidel Castro's Island nation. The Industry, all but nonexistent as a commercially important part of the economy before Castro's 1959 takeover, Is now second only to sugar exports as an
      716 words
    • Article
      Lock icon Indian gold sales
      126 3 Reuter THE Reserve Bank of India sold 1.62 tonnes of gold In Its fifth auction to 1,193 successful bidders at prices ranging from 641 to 661 rupees (SIIBO to $185), 114,000 grammes more than at the fourth auction. To date, the bank has sold 5.3 tonnes of
      Reuter  -  126 words
    • WORLD IN BRIEF
      • Article
        Lock icon CARACAS OIL OUTPUT DIPS
        494 3 Agencies VENEZUELAN oil production averaged 2.04 million barrels a day In this year's first half. The figure was 9.64 per cent down on the same period last year. AUSTRALIA'S exchange rate fixing authorities again lowered the overall value of the Australian dollar yesterday to compensate for
        Agencies  -  494 words
    • Article, Illustration
      Lock icon SCHMIDT TEMPERS SUMMIT HOPES
      151 3 AFP WEST GERMANY plana to push for full employment, economic growth and monetary stability at the next economic summit to be held in Bonn, West German Chancellor Helmut Schmidt ■aid in Paris. Mr Schmidt said it was preferable "not to expect spectu cular results from the
      AFP  -  151 words
    • Article
      Lock icon Holland plans $10 b cut in public sector spending
      363 3 Reuter THE DUTCH government announced plans to curb total public sector spending growth by 10 billion guilders (5f10.4 billion) a year in 1981. Prime Minister Andreas Van Agt predicted a poorer economic performance this year and said the curbs are aimed
      Reuter  -  363 words
    • Article
      Lock icon Australia's real recovery will come naturally
      222 3 Reuter REAL economic recovery In Australia will flow from natural economic factors over the next 18 months, with no need for excessive expansion from monetary and fiscal policy. The Commercial Bank of Australia (CBA) said In Its Economic Review that to try to push
      Reuter  -  222 words
    • Article
      Lock icon The Amazon Pact comes of age
      192 3 UPI THE FOREIGN minister* oi seven South American nations that share with Brazil the Amazon River basin began arriving In Brasilia on Sunday to participate In the formal signing ceremonies of the multilateral regional Jt.elopment agreement known as the Amazon Pact. After almost two
      UPI  -  192 words
    • Article
      Luring visitors
      106 3 HOPINO to lure foreign tourists, a group of Japanese travel agents has proposed that the visitors be exempted from Japan's meal tax. The proposal Is aimed at alleviating the financial strain on tourists, already beset by high food prices here and the recent decline in the value of
      106 words
    • Article
      Lower Canadian $ boosts steel sales
      533 3 Lower Canadian boosts steel sales CANADA'S steel mills are enjoying a mini-boom sparked by a devalued Canadian dollar, but their future Is uncertain. Looking down the road, the biggest worry to steel makers is the possibility of a softening of motor vehicle sales later this year In the United States
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    • Article
      Lock icon China to develop flexible trade policy
      978 3 AP UPI 1N i. A MAJOR economic P? hc y statement, Chinese vice Premier Yu Chlu-ll has called for a flexible trade policy towards common International trade practices and emphasised China s need to buy technology on the International market. Speaking at the National
      AP; UPI  -  978 words
    • Article
      CBI sees upturn in exports
      410 3 A SLOW upward trend In the volume of British exports appears to be reasserting Itself after large fluctuations in recent months, the Confederation of British Industry (CBI) said in Its economic situation report. The CBI said the upturn is largely due to Increasing North Sea
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      435 3 V Linguaphone's proven by 4,000,000 successes in 36 languages More than 4,000.000 people from al walks of Me around the world have successfully acquired another language through Linguaphone Proof enough that you can just as easily master Mandarin asa second language with Linguaphone's Mandarin course. Unique method Lnguaphone uses the
      435 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      333 4 OPENING prices yesterday were marked down on afterclose weakness here last Friday, but recovered slightly on some speculative buying and short-covering Interest before falling back once again on lack of interest. The morning session closed lower with July One RSS buyers quoted at 227.75 cents per
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    • Article
      RAS PRICES
      334 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (perkllo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b. 227.75 228.75N 227.00 228.OON Int 1 R.S.S. July 228 25 228.75 227.50 228.00 Int. 1 R.S.S. August 228 25 228.75 227.50 228.00 Int. 2 R.S.S. 218.75
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    • Article
      SSR AND SMR
      103 4 N(X)N SSR and SMR prices yesterday July (Fo. August KAS (Current Mth) rward Mth) Buyer* Seller* Buyer* seller* (cents per kg) (cent* per kg) SSR 20 (1-ton pallet) 212 00 214 00N 213.00 215 OON SSR SO (1-ton pallet) 210.00 212.00N 211.00 213.OON MRKLB SMR.MTV (1-ton pallet)
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    • Article
      Closing prices
      31 4 Rubber: July 3 Singapore: July 227.50 centa (down 3.25 cents) Malaysia: July 231.25 cents (down four cents) Tin: M 51,700 (down S10) Official offering: 225 tonnes (down 89 tonnes)
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    • Article
      Copper
      84 4 COPPER wirebars finished the morning in London yesterday up £5 all round. The early pre-market was steady in line with the trend at New York but the higher levels were not maintained as selling was prompted by the relative strength of sterling against the US dollar. Three Months traded
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    • Article
      Lock icon Forecast of higher China grain crop
      491 4 Reuter CHINA'S grain crop this year is expected to be higher than last year, despite drought problems in graingrowing areas of North China and unseasonal cool overcast weather In South China growing areas. Informed sources said output is expected to equal or exceed 1976
      Reuter  -  491 words
    • Article
      Produce exchange
      221 4 THE Singapore produce market began the week quietly yesterday with prices holding steady. Coconut oil in bulk and old and new drums went up by $1 per picul during the weekend, while copra remained unchanged. All grades of pepper held steady as buyers continued to be withdrawn. Meanwhile,
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    • Article
      Gold
      180 4 THE KILOBAR In Singapore yesterday opened at 5513,708 which was the lowest of the day. Immediately after opening, prices firmed to $13,728. The market subsequently staved around this level and closed at $13,723. Spot gold for London delivery opened at U*****.70/ 183.00 and closed at US$lB3.OO/30. The London morning
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    • Article
      Straits tin
      136 4 THE STRAITS tin price in Penang yesterday dropped Mslo per picul to $1,700, $200 above the international Tin Agreement ceiling. Dealers attributed the fall to last Friday's easier London closing. Turnover rose to 225 tonnes from 136 tonnes last Saturday. In LONDON, tin on the morning lost £5
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    • Article
      Hongkong Comex
      193 4 THE sugar market yesterday closed easier in continued quiet trading, with seven lots traded against 11 on Friday. Dealers said trading was restricted to October and March deliveries, falling 0.15 and 0.17 US cents, respectively. The Hongkong dally spot sugar price eased 0.10 to 6.90 cents. Sugar futures
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    • Article
      SPOT PRICES
      194 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20s 1 720: 32s 2.170: 40s 2.240(per bale of 400 lbs). Piece Gapds: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly una. Flying and Butterfly unq. Flying Geese
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    • Article
      Rice
      200 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne FOB. basis Bangkok) While Rice: 100 pet Ist class 437. 100 pet 2nd class 422. 100 pet 3rd class 417. 5 pet 406. 10 pet 490. 15 pet 382. 20 pet 3*n, 25 pet 367. 35
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    • Article
      Zinc
      72 4 ZINC ended the morning in London yesterday £4.50 up for cash and £5 higher for Three Months. Dealers said this market was firmer with sentiment initially aided by the advance in copper and then given a further boost by trade reports of European physical business. Three Months traded from
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    • Article
      Lock icon Commodity prices fluctuate narrowly
      1008 4 AFP DEALERS complained of a lack of trading interest on the London commodity markets last week. Prices fluctuated within a narrow band, with a tendency tr ease In places. Sterling's steadiness against the US dollar on the foreign exchange market and continuing fears of higher Interest
      AFP  -  1,008 words
    • Article
      Silver
      78 4 THE Hongkong silver market yesterday closed 40 HK cents higher at the day's high of HKJ245.40 per 10 ounces In thin trading, with turnover estimated at 15,000 ounces, dealers said. The closing was equivalent to 5.2810 US cents per ounce slightly lower than the Friday New York and Chicago
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    • Article
      Coffee
      74 4 ROBUSTA futures In London yesterday fell sharply Initially on the Rio news that the Brazallan Coffee Institute had lowered both the minimum export price and contribution quota tax to USSI.SO per pound and $70 per 60kllo bags from $1.60 and $83 per bag. respectively. Arablca futures opened quiet but
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    • Article
      Lead
      79 4 LEAD at the end of the morning ring In London yesterday was £1.25 up for cash and £2 per tonne higher for Three Months. The market displayed a very steady tone with Three Months trading up to £313 on the ring before ending the kerb at £312.50 per tonne.
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    • Article
      Cocoa
      53 4 TERMINAL cocoa In London yesterday staged an early £40 limit advance, basis near September £1,847 traded and bid, after opening with gains from Friday of £16.50 to £11 per tonne partly against New York. Dealers said the advance entailed an upside breakthrough on charts at around £1,830 in the
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    • Article
      Sugar
      53 4 TERMINAL sugar In London yesterday was down by £1.45 to £0.75 per tonne at the opening call, at new contract lows. The decline was mainly based on sentiment, dealers said. Both the London daily raws and whites prices were similary lower on tone by £1 per tonne at £93
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        568 4 THE US dollar sank again on the foreign exchange market yesterday. After opening at a new low against the yen, the US dollar crashed to 201.90/10 with the opening of the London exchange. After opening at 203.00/10 against the yen, the US dollar was first traded up to
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      • Article
        Asian $ & CD rates
        188 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 3: U8 Dollar* (Spot) Offer BUT 7 days 1 mth 2 mths 3 mths 8 mths 9 mths 12 mths .81/8 .85/16 .81/2 .8 13/16 .95/16 .95/16 .93/8 6 83/16 83/8 811/16 93/16 9 3/16 91/4 8w.
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      • Article
        Discount
        52 4 RANGE or prices offered by discount houses on July 3: Overnight 3 1/4* Call deposits 3 1/4% 3-month Treasury Mils 3 VIS 3-month Bank bills S 1/4 3 month CD 3 3/8 6-month CD S 1/2 V Sallia* 3 vie 5 1/8 5 1/4 S V8 Source: National Discount
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
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      • Article
        Frankfurt
        38 4 FRANKFURT exchange! opening Quotes on July 3: U8 2.0712/22 (2.0725/35) Can 1.8400/20 Stg 3.840/850 D Fl 92.95/93.05 8 Fr 112.18/23 Lit 2.42/43 F Fr 45.95/40.05 NKr 38.37/47 B Fr (con) 8.342/350 B Fr (fin) 6.33/34 Yen 1.0205/20
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        London
        339 4 THE dollar yesterday fell against the yen extending last week's decline and passing the day's Tokyo low of 202.80 yen to reach a post-war record low of 202.35/ 55. This was dragging other currencies higher against the dollar despite prime rate increases by US banks and a rise In-the
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      • Article
        Tokyo
        149 4 THE DOLLAR for overnight delivery closed at 203 35 yen yesterday compared with a 203.70 opening and 204.50 at Friday's close, after plunging briefly to a post-war record low 202.80 yen, dealers said. The dollar moved between 203.25 and 203.40 in light late trading after an initial fall to
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      • Article
        Hongkong
        99 4 THE US dollar yesterday closed little changed from generally steady opening levels In small volume business. It was quoted at 203.35/40 yen compared with New York's 203.80 Friday close and Tokyo's same-day 203.35 yen close, at 2.0725/35 marks against 2.0700 and at 1.8545/55 against sterling compared with 1.8520/40 in
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        Euro $ rates
        168 4 Euro rates LONDON Eurodollar deposit rates yesterday showed little change In thin opening trading, with the closure of US markets today discouraging Interest. However, Mon/ Wed gained to 4.9/16, 4-7/16 per cent and Wed/ Thurs rose 1/16 to 8-1/16, 7-15/16 per cent. Among periods, a Frl-day-end pushed Six Months higher
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      • Article
        Australia/NZ
        57 4 AUSTRALIA and New Zealand exchanges on July 3: AUSTRALIA US dollar 1.1503/ 1.1406 Sterling 9.6233/ 9.6156 Ninety-day air-man Ouytng rates Sterling 0.6440 US dollar 0.6246 Ninety-day forward buying rates: Sterling 1 1834 U8 dollar 1.1446 NEW ZEALAND: Sterling 0.5573/ 0.5542 US dollar 1.0348/ 1 0248 Ninety-day airmail buying rates:
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      • Article
        Eurobonds
        89 4 LONDON Eurobonds yesterday traded little changed in usual quiet Monday business, dealers said. US straights were occasionally 1/8 higher on continuing professional short-covering but with very little retail buying noted by dealers. The EEB US$lOO million 9-1/8 per cent bond due 1993 was not yet trading in the secondary
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  • TRANSPORT
    • Article
      New law gives more protection to shippers
      783 5  -  By CHAN BONG SOO A NEW era of trading opportunities and sales with shipping documents has opened up for the Singapore business and shipping communities with the Republic's adoption of legislation which provides wider protection to shippers. Many in shipping circles believe that
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    • Article
      Bombay port jam coming to a head
      335 5 ABOUT 80 ships, carrying valuable cargoes like edible oils, fertilisers and industrial materials, are waiting outside Bombay docks because of a shortage of berths. The average waiting time is said to be four weeks and the occupancy rate of berths Is as high
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    • Article, Illustration
      SHIPS IN PORT
      438 5 EXPECTED SAILINGS TODAY KEPPEL WHARVES Amanda (0530 23 Bunga Seta war (2300) 18 Cang Shan (2300 tbc) 19 Chung Ming (2300) 5 Jiang Yin (0500 tbc) 8/9 Johneverett (0600) 27/28 Ragna Bakke (2300 tbc) 33/34 Saran (2300 tbc) 40/41 Shamaly (2300) 6/7 Tarantel (0600 tbc) 38/39 Turkmeniya
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    • Article
      LAID-UP TANKERS RISE
      72 5 THE number of Idle tankers laid up at the end of June rose slightly to 393 (49.67 million DWT) from 384 (48.89 million DWT) at end-May, Howard Houlder (Chartering) Ltd said in Its latest report. An increase ot over one million DWT In UK-tankers laid up, from
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    • Article
      Dacca-Seoul air link
      34 5 BANGLADESH and South Korea signed an aviation treaty linking Seoul and Dacca by air. The pact was signed by Bangladesh Aviation Secretary Oolam Mustafai and Korean Vlce-trana-portatlon Minister Wan Soo Kim.
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    • Article, Illustration
      Cathay Pacific sees sky-high profits
      210 5 CATHAY Pacific Airway* expect* record result* this year, managing director, Mr. Duncan Bluck, told delegates at the recent Cathay Pacific annual management conference in Hongkong. The airline was at a ma tor growth point in its overall development with the recent decision to Introduce Booing
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    • Article
      Delta sues CAB over three air route awards
      522 5 IT WAS Inevitable, everyone agreed, but now it has happened: a major airline nervous over the new pro competitive policies of the US Civil Aeronautics Board, has sued to stop the agency. Delta Airlines, in a suit that is expected to be
      522 words
    • Article
      Lock icon Seized ship up for sale
      304 5 BB THE mv Comara, the subject of maritime Interest earlier In the year, Is up for sale following Its selture by Sabah's Receiver of Wrecks. The move has been made because the owners cannot be traced. Thus the vessel Is presumed to have been abandoned
      BB  -  304 words
    • Article
      JAPANESE IN FOR JOINT STUDY OF STRAITS
      119 5 A SIX-MEMBER Japanese team arrived here yesterday to carry out tidal and current studies in the Straits of Malacca and Singapore. These studies, to enhance navigational safety, will be carried out by Singapore, Malaysia, Indonesia and Japan. The four-nation teams will establish six
      119 words
    • Article
      Lock icon FEFC ups CAF
      69 5 Reuter FAR Eastern Freight Conferences said in London the CAF from West Germany. Holland and Belgium will be raised from 38 per cent to 42 per cent, effective this Friday, superseding the monthly CAF review. The revised CAF applies to members of the following conferences Far Eastern
      Reuter  -  69 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      736 5 ARRIVALS Service Local Operator Number Time Prom CAL CI331 0040 TPE/HKO/KUL PAA PA005 0115 8FO/HKG MAS MH60I 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI 806 1000 HLP CPA CX710 1005
      736 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      168 5 Now with ten flights a week Royal Brunei offers more When you want to go to Brunei you'll want to choose a day to suit you. You'll want to choose a time to suit you. And you'll want flexibility on your return journey. That's where Royal Brunei comes in. From
      168 words
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  • Article
    Productivity comes before wages
    658 6 THE GOVERNMENT and the trade unions dont usually disagree on matters affecting employment. But of late, slight differences In emphasis have bqgun to appear in public statements made by both sides which seem to suggest less than a consensus on objectives. The NTUC Is bent on
    658 words
  • Article
    Lock icon LET THE PRODUCERS TRY AGAIN
    882 6  -  TIN TALK 1 •y KEVIN RAFFERTY FT BEHIND the day to day •truffle between buyer* and sellers which moves tin prime, quite dramatically, in the world's commodity markets, there is another, more political struggle between the producers and the consumers. One forum for this struggle
    FT  -  882 words
  • Article, Illustration
    Malaysia should lead the world — and expand
    1566 6  - Malaysia should lead the world and expand TIN TALK 2 By DILIP MUKERJEE in Kuala Lumpur TIN PRODUCING countries face a challenging task this month. They have to try once again to convince sceptical consumers that it is good for them as well as the miners that the floor and
    1,566 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      295 6 BLMKT* Hotel ROyal-RAMADX Newton Road, Singapore 11, Republic of Singapore. Telephone; *****1, Telex: RS-***** Cables: HOTELROYAL Mm Havelock Road S pore 3. Tel: *****1 ion bar presents TotoSHtsKtts The Jackson 5 of Manila CitJiA Golden Don't miss the exciting sounds of Toto L His Kids. This band of four brothers
      295 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHER outlook for Singapore from 6 a. m. to noon today: Scattered showers Report for 24 hours prior to 7.30 p.m. on July 3 at the airport: Maximum Temperature 28.6° C Associated Humidity 76 Minimum Temperature 23.0° C Associated Humidity 96 Hours of Sunshine 0.30 Rainfall in Millimetres 26.6 Total
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      242 6 TV RADIO SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.25 Diary Of Events (English) 3.30 Afternoon Matinee Daisy Kenyon (Pt. 2) Starring: Joan Crawford, Dana Andrews, Henry Fonda 4.15 Science Report 4.30 Intermission 6.05 Opening announcements followed by Birdman And The Galaxy Trio 6.30 News in
      242 words
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  • Article, Illustration
    Lock icon How Mechai's planning worked so well for Thai families
    1133 7  -  *y HENRY KAMM NYT "MECHAI Viravaldya's name has become a byword lrf-Asia for success In popu-lafion-control efforts, and the headquarters of his organisation, CommunityBased Family Planning Services, receives a constant flow of governmental visitors from many developing countries. The 37-year-old Mechai
    NYT  -  1,133 words
  • Article, Illustration
    STRAWS IN THE WIND
    400 7 IT'S a bit much when a tourist gets treated like a criminal for boarding the Jurong Bird Park sightseeing tram at a mid-way boarding stage, don't you think? A Singaporean conducting one such guest around admirable Park was astounded this week when, tired of walking around,
    400 words
  • Article, Illustration
    Lock icon Big spot of bother for Pat Boone
    737 7  -  •y WILLIAM SCOBIE FT HOLLYWOOD agent Marty Ingels, who calls himself a "celebrity broker" In the wonderful world of television advertising, Is deeply alarmed at the US Federal Trade Commission's latest ruling. "It'll frighten away all the virgins, for sure," he says. "We
    FT  -  737 words
  • Article
    Take that grey cloud away quickly
    994 7  -  FORUM ...0D accounting ■y QUEK PECK LIM THERE IS a grey area where the auditor's responsibility ends and Government authority begins. It's an area which needs to be examined however, since a number of companies are getting away with breaches of the Companies Act
    994 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      342 7 Lunch TODAY ..OKOH ft N »SM iJ <% fS > 3 branches for your convenience: SINGAPORE OKOH II Supreme House, Penang Road. Tel *****1 IOXOH GINZA -'ong Leong Bldg., Raffles Quay. Tel *****81 IKATSURA Orchid Inn. Dunearn Rd Tel *****2 r %1 You 11 torn like royalty at the Rang
      342 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      22 7 ftristow"; Dic&eos HS^sisihs2B36S OORS mp»V t HPvXe P> UX3RO UJiTu VOU 1 teCTpvIMLN, STBTjONPOPySTeR IS RIXJPkVS BMD nßve Neve£ B&eN so Go-y'
      22 words
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  • INTERNATIONAL STOCK MARKETS
    • Article, Illustration
      Lock icon Cable and Wireless prospers
      1955 8 FT CABLE and Wireless might have gone down with the Empire. Instead, it survives .-and thrives In a post-tmpe- rial age, doing multl- million-pound deals with "'"the Sauals for all the world as if it were an American multi-national. 1 That It has done so is
      FT  -  1,955 words
    • Article
      Do-it-yourself extensions gain popularity
      822 8  -  Building societies lend £40m a month h GERALD COLVERD in London THE UNITED Kingdom Is enjoying a do-it-yourself boom in home extensions and improvements this year due to a new and significant shift in lending policies by the building societies. It is understood that, since the
      822 words
    • Article
      Lock icon BEER BARONS OF VIENNA BOW OUT
      809 8 FT WITH THE planned takeover of Austria's oldest brewery, the completed merger of the third and fourth largest, and the emergence of an agresslve, price-cutting newcomer, management In the Industry is being forced to react to tougher competition as sales stagnate. Schwechater Brauerel, owned
      FT  -  809 words
    • Article
      Sharp advance
      558 8 TOKYO THE Nikkei Dow Jones average recorded a new high for the two and a half months since April 19 when It was Y5.555.M. It closed yegCTday with a sharp gain of Y33.90 at Y5.M2.97. as Institutional investors heavily purchased blue chips and Incen-tive-backed issues. Turnover was relatively
      558 words
    • Article
      Lock icon Hongkong
      411 8 Source: SHK Sec WITH the threat of company (half-year results motivated) selling out of the way. buyers appeared in force yesterday morning to push the Index eight points up by lunehtlme. Although virtually all sectors improved, blue chip* were probably the beet performers as recent favourites such as Tal
      Source: SHK Sec  -  411 words
    • Article
      Sydney
      259 8 THE market row t yesterday on local interest after news that the federal government dropped plans for a special resources tax. JULY 66 Genu i INDUSTRIALS A.C.L 161 -1 A.N.I 156 ♦I A. P M 1206 Ampol Pet B. H. P 83 726 ♦I +40 Bank NSW 596 ♦2
      259 words
    • Article
      Bangkok
      130 8 JULY m Bahu +'-5 Asia Fibre m Bangkok Bank ST7 •fir Bangkok Invest. mm Bangkok-Metro- politan Bank M Bata 985 Ejj BerliJucker Carpet Intal 0* Charoonf Thai m: Wire 286 -3; Dumex Dust t Than) 2* Faber Merlin First Trust 416 -4 Oenera Finance 342 -i Indo-Thal Induatmi rinance
      130 words
    • Article
      Selected indices
      32 8 HJL HANG SKNO Monday M7.2ff Friday Week Ago T*' 'i* I If ',1',' n M Week Acq ALL OKDDf ABm OO.T* 1 Mofcay 4.N rrtdajr 491 .ao Week 'AffO 4M.&3
      32 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      39 8 d =ANDREA=I NEWMAN in Penguins r% with his 9 a 4 a c s w> n m Ma Mi si tae^is &r 'J*: ■■■■■I TfGNmmm 1 (few Industrial Road, Singapore 19.8238Jtian 222, totaling Jaya, Salangor. MMMHMRSN^^aEiI -rwi»>>Mnw .in mMm
      39 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Reasonable year ahead, CSR says
      481 9 ASIAN Reuter SYDNEY: The CSR Ltd group ought to have a reasonable trading year to end-March 1979, deputy general manager Jack Campbell, said. Noting CSR did not like to make specific profit forecasts, he said the group Is benefiting from the disposal of Idle assets
      Reuter  -  481 words
    • Article
      Lock icon Toyota Motor Sales predicts net fall
      353 9 Reuter TOKYO: Toyota Motor -Sales Co Ltd, solely handling vehicle sales for Toyota Motor, said It expects a decline In consonet profit to 25.2 -i*' billion yen for fiscal 1978 ending next March from 25.9 billion in fiscal 1977. However, sales on the same
      Reuter  -  353 words
    • Article
      Lock icon Asarco extends force majeure
      102 9 Reuter NEW YORK: Asarco Inc has u notified its European cus'"'tomers of an extension through July of the force majeure on copper cathode shipments from Ho, Peru. A company spokesman >11.said Asarco had issued no official announcement of the extension beyond -circulating the notification 'to European
      Reuter  -  102 words
    • Article
      Lock icon More on the road
      125 9 AFP GENERAL Motors (OM) Is to step up production of its ■compact Chevrolet Chevette cars by 64 per cent from February. is.- Chevettes have been selling very well and Robert Lund, managing director of Chevrolet, said that the Lack wood, Georgia, factory would be extended to
      AFP  -  125 words
    • Article
      Lock icon Fujitsu wins deal
      70 9 UPI TOKYO: Fujitsu Ltd., the largest Japanese computer maker, has won a US$3.4 million contract from Ireland for a telex switching system and line concentrators. The order Includes one electronic telex switching system, Fedex-100, and three telex remote line concentrators, Fedex-lOOR. They will be installed in Dublin
      UPI  -  70 words
    • Article
      EMI
      29 9 SYDNEY: EMI (Australia) Ltd said it sold its 50 per cent stake in Toshlba-EMI (Australia) Pty Ltd to the other shareholder, Tokyo Shibaura Electric, effective since last Friday.
      29 words
    • Article
      Marsteel wants to borrow
      143 9 MANILA: Marsteel Corp of the Philippines is negotiating a US$3O million loan from Japan's ExportImport Bank and a $35 million loan from Marubeni Corp. Company sources said Marsteel has proposed the loans for 11 years, with three years grace and interest at 8.5 per cent a
      143 words
    • Article
      Allied Investors
      31 9 HONOKONO: Allied Investors Corp announced consolidated net profit of HK$l9.3 million ($13.0 million), for the year ended March 31. Final dividend was 30 cents (25), making total 55 (50).
      31 words
    • Article
      Lock icon SANYO OFFSHOOT TUNES UP
      134 9 Reuter TOKYO: Fisher Corp of California, a wholly owned US subsidiary of Sanyo Electric Co Ltd, will start manufacturing audio amplifiers and timers from next March at a factory to be built In San Dleso. Sanyo said the plant will produce about 20,000 amplifiers and tuners
      Reuter  -  134 words
    • Article
      Lock icon Minolco resumes mining
      108 9 Reuter MANILA: Western Mlnolco Corp will restart copper mining operations In August and resume milling In December, Business Dally, quoting highly placed company sources said. Company officials however, declined to confirm or deny the report, which said milling operations would be started at 15,000 tons per day,
      Reuter  -  108 words
    • Article
      Lock icon Ultramar gets interest
      94 9 Reuter MELBOURNE: Ultramar Co Ltd will earn half of Endeavour Resources Ltd's interest in the Mariut block. Egypt, under an agreement. The agreement provides for Ultramar to carry Endeavour at no cost through the next All million of expenditure which will Involve drilling two wells. At the
      Reuter  -  94 words
    • Article
      Lock icon Wall St. bullish on Missouri Pacific
      686 9 N.AMERICAN L A Reuter DESPITE the threat of selective strikes by 475,000 of the US railway workers later in the year, Wall Street analysts are taking a bullish view of Missouri Pacific Corp. on the basis of its apparent recovery from a slight decline
      Reuter  -  686 words
    • Article
      Union Oil ups dividend
      164 9 UNION OIL Co of California said it increased its quarterly dividend to 60 cents from 55 cents, payable Aug 10, to shareholders on record July 10. General Tire and Rubber: Second quarter SHR $1.64 ys $1.70. Net $37.4 million vs $38.8 million Sales $542.72 million vs
      164 words
    • Article
      Lock icon Con Ed takeover not feasible
      110 9 Reuter A TAKEOVER of Consolidated Edison Co of New York by New York City would cost the city US$l2 billion In new Investment and would result In higher not lower electric rates, Con Ed assistant vice-president Edward Livingston said. Speaking at a hearing called by
      Reuter  -  110 words
    • Article
      Lock icon GAMBLE-SKOGMO SALES
      80 9 Reuter GAMBLE-Skogmo Inc's sales could exceed UBf2 billion this year, up from $1.63 bifetti in the year ended last Jan 28, president Mayne Matschullat told the annual meeting. He said the company has a substantially improved rural market for retailing operations and noted the company has recently completed
      Reuter  -  80 words
    • Article
      Lock icon Finance for gas trunkline
      88 9 BONDS&LOANS h Reuter LONDON: The National Iranian Gas Co signed a US$3OO millon 10-year loan with an international syndicate of banks, Chase Manhattan Bank NA said as agent bank. Interest is at per cent above London Interbank offered rates for the first five years arid per
      Reuter  -  88 words
    • Article
      Lock icon Renault issue
      47 9 Reuter LUXEMBOURG: Renault Acceptance BV is making a 500 million Luxembourg franc 10-year 7-% per cent bond issue at par. Primary market sources said the Issue, led by Societe Generate Alsacienne De Banque, carries the guarantee of the parent company Regie Natlonale Des Uslnes Renault.
      Reuter  -  47 words
    • Article
      Lock icon Izumiya note
      67 9 Reuter OSAKA: Ixumlya Co Ltd of Japan said It will float a 50 million mark elghtyear convertlble bond on German capital market next month through an underwrltlng syndicate managed by Bayerlsche Verelnsbank and Dalwa Securities Europe. Others terms will be fixed by next Tuesday, but securities sources said
      Reuter  -  67 words
    • Article
      Offshore Mining
      48 9 LONDON: The Offshore Mining Co Ltd's US$lOO million eight-year guaranteed floating rate Euronotes have been priced at par. Lead manager AG Warburg and Company said the notes pay interest of 1/4 per cent over midpoint .of sixmonths London interbank rates with no minimum coupon as indicated.
      48 words
    • Article
      Lock icon Floating rate note
      50 9 Reuter LUXEMBOURG Banque De L' Indochlne Et De Suez is making a US$3O million floating rate note Issue over seven years with a K point spread above London Interbank offered rates or a minimum 5-ft per cent. The bank is placing the notes for Its own account.
      Reuter  -  50 words
    • Article
      Lock icon ECSC yield
      37 9 Reuter AMSTERDAM The European Coal and Steel Community (BC8C) 100 million guilder 7-K per cent bond Issue due 1984/93 Is priced at 99 per cent, to yield 7.39 per cent,- AmsterdamRotterdam Bank NV said. Reuter
      Reuter  -  37 words
    • Article
      Lock icon Boots proposes convertible bonds
      206 9 Reuter LONDON: Boots Co Ltd said it proposes to issue US$3O million convertible bonds 1993 through an International syndicate led by J. Schroder Wagg and Co Ltd and will propose a 98 per cent increase in total net dividend for the year ending March 31,1979 against
      Reuter  -  206 words
    • Article
      Lock icon Cartel sceptical of takeover
      154 9 Reuter WEST BERLIN: The German Federal Cartel Office Is sceptical about aspects of the proposed takeover of 25 per cent of the German gas supplier Ruhrgas AG by British Petroleum Co Ltd's subsidiary. Deutsche BP AG. Cartel Office president Wolfgang Kartte said It must be seen
      Reuter  -  154 words
    • Article
      Lock icon BMW sales up
      70 9 Reuter MUNICH: Bayerlsche Motoren Werke AG (BMW) recorded a first-half parent company turnover of just under three billion marks, up 18 per cent from the first half of last year. Management board chairman Eberhard von Kuenhelm said foreign marketing subsidiaries were again successful In the first half,
      Reuter  -  70 words
    • Article
      Lock icon Mobil to invest on exploration
      249 9 EUROPEAN Reuter HAMBURG: Mobil Oil AG. subsidiary of Mobil Oil Corp, plans to Invest around 120 million marks this year on natural gas and petroleum exploration and extraction. Management board chairman Paul Hoenmans said Mobil fears the climate for such investment Is being worsened by
      Reuter  -  249 words
    • Article
      London Sumatra's dividend policy
      198 9 LONDON: London 3umatra Plantations will pay both an Interim and final dividend in future. Chairman Frank Harper said that the new policy will take effect from the current year with an Interim dividend being declared In December In respect of 1978 and payable early next year.
      198 words
    • Article
      Lock icon Olivetti moves to reduce deficit
      280 9 Reuter IVEEA, (Italy): Olivetti Spa is calling a halt on new debt and making drastic cutbacks in Its US and Argentina staff under plans to pull the group out of deficit. Senior Company officials said they expect the full results of these efforts will be
      Reuter  -  280 words
    • Article
      Bowater
      35 9 LONDON: Bowater Corp Ltd said it proposes to discontinue the quotation of Its ordinary shares on the Toronto and Montreal stock exchanges, effective Aug 11, and on the Hongkong stock exchange from Aug 31.
      35 words
    • Article
      Barclays' branches
      60 9 LONDON, Barclays Bank Ltd said Barclays Bank SA, the wholly-owned French subsidiary of Barclays Bank International, has concluded negotiations to acquire Banque Franco Allemande's branches In bourg and Sarreguemlnes with effect from yesterday. Terms were not disclosed. Barclays Bank SA already has five Paris branches and 17 in
      60 words
    • Article
      Lock icon French firm supplies tyres to Honda
      173 9 AFP PARIS: Kleber-Colombes has signed an agreement to supply pneumatic tyres to Japan's Honda Motor Company, the French firm announced. 4 The tyres will be the!Vl2 tubeless 155 SR 12 and 155SR 13 models, and will be fitted to the Honda Civics and Honda
      AFP  -  173 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      36 9 a division of PERKIN-ELMER is helping people the world over succeed with computers Let us help you, write or call: Perkin-Elmer Data Systems (Far East) Private Limited30th Floor, UIC Building, Shenton Way, Singapore 1. Tel *****49
      36 words
    • Advertisement
      Page 9 Advertisements Column 2
      80 9 in PAN Paperback LECAttE THE HONOURABLE SCHOOL' r HIS LATEST l WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME I I W KKK\.\ < .<rr< r -ir v\ tr «•-(>!' novel it-nt i;in»TT;r < t! i: >«! < M orire i r:.;» Iv. .ir»- li.u
      80 words
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  • DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1485 10 BID and offer prtoee officially Uetad and busirteo* In and reported to the Stock Enhance of Stnaapon jr**terday with Um number of man* traded •hown in bracket* in lots of 1,000 unit* unlet* otherwise specified. All Tune Settlement Contract* are quoted after the world "eett." Biff Board deal
      1,485 words
    • Article
      Government corporate bonds
      282 10 8 1/4% 18/11/78 (180,000) (101.45B) 4 8/4% 18/VM (280,000) (1M.458) 8% 18/4/81 (280,000) (IM.BBB 1M.788) 8 8/4% T P IA7/BMB (250.0 M) (103.006) V 4% T P IWBI-M (2M.000) 58.756)S 8.756) 18/4/ M (290,000) (100.008 101.088) 7 1/4% 18/4/88 250,000) (WOMB) 7 1/4% 18/18/ M (280,000) (1M.758)
      282 words
  • Article
    SHARE INFORMATION SERVICE
    2481 10 197* High Low Company Last Sale +orGfc's EHv Dto C'yt Gr's YH Net P/E Vol C888) Day High Low lUU SECTIONONE i«n.« INDUSTRIALS 217 223 >172 260 W A3 245 268 '210* -*478 •H44 132 123* 112 195* 60 162 173* 140* 256 394 Acma Alcorn Allied
    2,481 words
  • Article
    Unit trusts
    140 10 ASIA UNIT TBUBT INCOME BOND UNIT (Mmiin'lrtw ikrM f «> (Comal pr Ma) The Commerce 111 2 24 INCOME BONO 1.01 1.13 The Saving rund 8'port Prog fund 1.21 IN 1 04 1.10 MABA BUMIPUTSA FUND S goreSecurlty l.M IN rim Bumiputrm krMr<) S.r 2.M S pore In
    140 words
  • Article
    In Kuala Lumpur
    1369 10 BID and offer prices offlclalt) listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of share* traded shown In brackets In lots of 1.000 units unless otherwise spe fined INDUSTRIALS iTTJi}**) «> u «> —i (*OS» I.I0I). STatS <" l»
    1,369 words
  • Article, Illustration
    Stocks take a breather
    675 10 EXCEPT kik« iilmlad SESMXASW 235!" aw A broker said the market waa taking a breather ate nmniag at Ml opeed laat He addad that after this abort pen so IW wlltrtian stocks will probably take off again. Another broker obsstioil tkat there wanawaaihty •ear deliveries in
    675 words
  • Article
    KL prices hit by profit-taking
    659 10 PROFIT-TAKING forced E rices lower at the Kuala umpur stock market yesterday. Trading was moderate. Bhare prices, however, finished off the day's lows, thanks to some support in the afternoon. Losses on balance were generally marginal. Isolated Interest was noted In a few counters and
    659 words
  • Article
    Industrial and Realty
    44 10 THE Stack hntafi ti BUnnw wM it iillili I Qwm thi*^«a7t'i >l |Utlaf Ltil month. th» Exchun told ladoatrUl ud lUalty that k w«aM b* wnil Mtlw offlcUl list OBkM iaHsfeSHr TW cnvu)i«m plinii im k»_lto MMtm kcMm, City Buk ia
    44 words
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  • COMPANY NEWS
    • Article, Illustration
      Sigma up against cheap imports
      1094 11  -  By PETER CHIA SIGMA Metal does not promise shareholders a very exciting future. It will not be able to match the profits it was used to in 1973 and 1974 unless it can raise its sales prices to match the higher costs of raw materials.
      1,094 words
    • Article
      Heavy borrowings bog down PDC
      466 11  -  ■y SUSAN BEVAN HOT on the heels of Pacific Development Credit's report and accounts for the 1976-77 financial year, and in advance of the Company's reply to the Stock Exchange's numerous questions about that document, comes the company's interim results for the current year to
      466 words
    • Article
      Satisfactory year for Textile Corp
      418 11 DESPITE stiff competition and growing protectionism abroad, Textile Corporation has managed to stay on an even keel in its financial year ended last Dec. 31. Chairman Tan Sri Frank W.K. Tsao reports that although the year has posed many problems, the group was nevertheless able
      418 words
    • Article
      Jardine suspension
      72 11 THE Stock Exchange of Singapore Mid H has suspended trading in Jardiae Matheeon ud Co (Southeast Asia) Ltd ahead of the closure of the company's share registry and transfer books on July 19. Thefnegistry will be closed to determine entitlement to the loan stoch-for-shares ■was under which shareholder!
      72 words
    • Article
      DIVIDENDS ANNOUNCED
      489 11 Current Ex Books Date Total for Total for payment Date close payable the year previous year Taiping Text. 5%TE(b) May 31 Jun 12 Jul 4 5%TE 5%TE PMC 7*%<n) Jun 15 Jun 27 Jul 4 15% 17 H. Gilfillan 10% Jun21 Jun 2 Jul 5 15% 15% S'pore
      489 words
    • Article
      SCRIP ISSUES
      193 11 Company Particulars Ex Date Books Cloae Oriental HaUiifi Wilkiaaon L'.M. Flour Great Eastern Life Malayan Floor Straits Trading Sin Henf Chan Feci Malaysia M'sia Feedmills Lira Hoe Sentoaa Plywood Synthetic Resins Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Bonus Issue of 1 for
      193 words
    • Article
      SPPL in joint venture with Data Printers
      298 11 SINGAPORE Paper Products Ltd. hu entered into joint venture with Data Printers to participate in the equity and business of the company. According to the press release. SPPL has reached a tentative agreement with Data whereby both companies will exchange 400,000 new shares
      298 words
    • Article
      Gopeng maintains its profits despite drop in output
      834 11 DESPITE a sharp fall In rubber profits, Gopeng Consolidated, the U.K. based tin and rubber company, was able to maintain profits in the six months to March 31. This was largely due to the higher profit margins achieved from higher tin prices
      834 words
    • Article
      COMPANY MEETINGS
      141 11 Associated Plastics Industries Bhd: AGM to be held at BUlk Kula Rajah, 10th Floor, Jaya Purl, Jalan Barat, Petallng Jaya at 12 noon on July 3. Wilkinson Process Rubber Co. Bhd: AGM to be held at 70, Jalan Ampang, Kuala Lumpur, at 2.30 p.m. on July 18. Metal
      141 words
    • Article
      Sime unit completes offer for Mecomb
      122 11 SIME Darby Holdings Ltd •aid the offer by its subsidiary Conquip (Pte) Ltd for the whole of the issued share capital of Mechanical and Combustion Engineering Company Pte Ltd (Mecomb), not already owned, closed on July 1, with full acceptance received. As a result,
      122 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      235 11 for the HOLIDAY SEASON »Bma 0 ©SJfIS; 1 1 jWk IkA GEOR ORWI N E OUOI ix* ««L«es R 'U.l s L>ii a H WW*? KV ""**o For Adults: Clayhanger Trilogy Normal Price $16.70 Special Price $12.50 Sherlock Holmes Collection Normal Price $23.70 Special Price $17.80 *«■<? War Peace Normal
      235 words
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  • Article
    FEB goes hunting for a top-flight GM
    147 12 FAR Eastern Bank, is now scouting around for an expatriate executive with international financial experience to be its general manager. The post fell vacant late last year when the former general manager, Mr. P.J. Symons, a British banker, dlsd of heart trouble. FEB's
    147 words
  • Article, Illustration
    Role for Asean's private sector
    601 12  -  NEW YARD AN EXAMPLE By RONNIE LIM ASEAN countries can still help one another, while going about their own economic development, said Mr. Goh Chok Tong, Senior Minister of State (Finance) In Manila yesterday. Also, the promotion of Asean economic cooperation need not be the
    601 words
  • Article
    Lock icon Australian share market spree
    417 12 AP AUSTRALIAN mining and oil companies welcomed the government's decision to scrap a proposed supertax on crude oil production and uranium mining. The decision, which triggered a buying spree on Australian share markets yesterday, was taken because Australia needed more Investment for many enormous resource projects,
    AP  -  417 words
  • Article, Illustration
    Lock icon Carter makes energy his No. 1 problem
    304 12 UPI WARNINO of serious trouble ahead, US Energy Secretary James Schleslnger said the resolution of America's energy problem takes precedence over rising prices. Speaking to the News and World Report, Mr. Schlesinger said President Carter's ability to report something favourable at the European
    UPI  -  304 words
  • Article
    Lock icon TAIWAN'S INFLATION MAY RUN AWAY
    548 12 Reuter TAIWAN'S creeping inflation has increased to a trot and may reach a gallop. The double-figure Inflation, which the country experienced during the 1973-1974 oil crisis, is threatening a comeback as nearly all economic Indicators appear to be pointing to a steep price spiral. One
    Reuter  -  548 words
  • Article
    LONDON STOCKS
    718 12 I.ONDON. Mon. Prices closed iwfrowly mixed In dull trading. 'Ip.ilprs said V 3pm the Financial Times n<Vx was down 1.6 at 459.2. long-dated government 'vi|>fis were generally unchanged wht'r <horts tended easier on concern about higher US short•orm interest rates. leading Industrials were lower with los.ses ranging to
    718 words
  • Article
    URA acquisition dashes Beauty Park plans
    277 12  -  •y RAHIM KASSIM BEAUTY Park Development Pte Ltd had to abandon its plan to build a $20 million residential cum shopping complex because the Urban Redevelopment Authority acquired its land. The company is a whollyowned subsidiary of People's Park Development. The 9,900.5 sq m
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    Lock icon HK tightens up on unit trusts, mutual funds
    328 12 Reuter THE HONGKONG Securities Commission has published a code under which all unit trusts and mutual funds will need prior authorisation from a new Committee on Unit Trusts before being marketed to the public. The code requires applicants to file documents Including
    Reuter  -  328 words
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    Lock icon Japan gearing up says top analyst
    516 12 Reuter THE JAPANESE economy la recovering for the first time since the four post-oil crisis years, but the process will be a gradual one, according to a top Japanese economic analyst. Mr. Hlsao Kanamorl, president of the Japan Economic Research Centre In Tokyo forecast
    Reuter  -  516 words
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    ASEAN SWAP FACILITY TO BE DOUBLED
    158 12 THE US$lOO million (8*230 million) foreign exchange •wap facility of Aaean'a central banks will be doubled to $200 million. Speaking at a television interview, Philippine Central Bank governor Gregorio Licaros said this will mean each Asean country will have to contribute $40 million instead
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    Lock icon Tokyo surpluses weigh heavily on dollar
    337 12 Reuter THE US dollar fell to yet another record low on the Tokyo foreign exchange market yesterday, but share prices on the stock market rose to their highest level since World War Two. The battered dollar, which has depreciated by about 30 per cent
    Reuter  -  337 words
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    Lock icon Improving travel
    72 12 Reuter HONOKONO's Consumer Council has recommended more government supervision of travel agencies, to improve their services. The proposals were made after a council survey revealed problem! caused by Incompetence, dishonestly, inexperience and lack of financial soundness of some agents. In Its report, the council suggested that only those
    Reuter  -  72 words
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    UK firms shun banks
    344 12 MANY British Industries are reluctant to borrow from banks because of fear of insufficient returns from their investment projects. This was stressed yesterday by Professor J. 8.0. Wilson, head of the department of economics and commerce at Hull University. He said that, by and large, financial
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      157 12 COLLKTINQ Oriental Amtiomej by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It is, however, widely believed that they are too expensive for the average collector. This myth is perpetuated by all
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    SHIPPING TIMES
    4980 13 A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of deetlnatlon the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure, from Singapore port. t Ci—allsiw SeanDuteh has Joint Mr vice arrangement
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      430 13 MAERSK LINE Weekly Express Containerised Service To/From U.S.A. For further details call Singapore: *****46 Kuala Lumpur: ***** Port Helang: *****0 Pervang: ***** 1 SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE M.SO ACCEPTING CARGO FOtGCNOA, LATTAKIA, BEIRUT, ALEXMOtIA. BENGHAZI. TItPOU (LIBYA) S'pw* 'MM
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      392 13 LIAN SOON SHIPPING TRADING CO »w ."MOl 4 10 m .7008; <PTH LID SHtNTON HOUM S PO»f *> I'NfSi .'.'OU.'O .70 J' •cherry iata•cherry mcus" "SELAMAT DATANC" "SENG HONG" "LUNA MARINA" "SETAH KINABALU" CHEWY CHANTER" "SINCERE TRAOER" "GLORIOUS TRAOER" "CHERRY T.1.N." "CHERRY T.1.N." "VAVAJO" Indonesia otwcf 13-7-71 lALIKPAPAN. SAMARIUM (-7-71
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      52 13 NOTICbS m.v. "CHIDAMBARAM" VOY: 98 arrived 90th June, 1978. at P.B.A. Godown No. 44 General Survey of "imaged cargo ex the above vessel will be held on Friday 7th jjujy. 1978, as from 9-00 a.m. to 5.00 p.m. No further survey be held after this date. R. JUMABHOY ft SONS
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      15 13 r. a LAND ACCEPTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TEL: *****32
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      757 14 SHIPPING FULLY CONTAINERISED TO EUROPE EXPORTS S pill P.Kaiaaf H'bwri Main L* Htnt Anhwip Kaarfaaaßlay 6/7 111 iO/l 1/8 2/8 S/8 liw tyw 14/7 16/7 5/8 7/8 8/8 10/8 T*ya in 21/7 23/7 12/8 14/8 15/8 17'8 Bam Mar 28/7 30/7 19/8 21/8 22/8 31/8) 4/8 6/8 26/8 28/8 29/8
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      829 14 a SANKYO LINE| AUSTRALIA SERVICE P.Kalang Smpport Loading P.Mang Smpport Liriing far 1/7 My STO. MCI 1/7 July AOCL MCL.SYD 12/14 July 15/16 July FRCM. ADEL. MEL. STO THREE ST** 1/7 My DIAMOND STAR (Ist CjH) «/7 July (2nd Call) 12/14 July 15/16 July TUt MAN 11/19 July 20/21 July
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      486 14 rZ SEA tLAND ft U.S.A./ ASIA SERVICE MID-EAST SERVICE 401H FLOOR HONG LEONG BIDG 16 RAFFLES QUAY SINGSPORF 1 Custorre Ser»ice Book n| Z?***** Terminal ?571 137 f I Y'HAMA KOBE KAOSHIUNG FULLY CONTAINERISED SERVICE Go one batter to the Middle East PRIORITY BERTHING t DISCHAR6E AT ALL PORTS AMAX
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      958 14 wi *o Burmi Fwt Star Shippiin Carpn. |Bk "BURMESE NATIONAL LINE" r LOADING FOR RANGOON X| &MKCTMYW («ack) IN PT/( JULY B.F.S.S.C. Agents in Malays* TEPS MALAYSIA Port Kelanc Tel (38) 7355 Penang Tel. *****/ ***** 1 v Compania Ar pontine Da Navopadon Intercontinental S. A. C.I. F. "ARGENTINE NATIONAL
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      424 14 I \K I) I\ I I \M Orient Overseas Co*dauteA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) NEPTUNE PEARL 188 20/7 21/7 I 7/8 l/l 11/» IVI IS/I CHE»AIIER ROn 98 27/7 21/7 14/8 i(/| 21/1 22/1 B yEasmgMMi P.Kelanc S pot H Konf Kaoltswnf Osaka Tokyo I CHEVALIER
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      738 15 QCL Overseas Containers Limited S'poreP. Keiaac icwer* •MI M M M it m n m II M II M I N tl M n M It h| B M M M 19 Aaf 4 ta| I M| 21 »m 11 k* >m m II hi 1 lea 11 Aag 21
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      923 15 utjcetaam»offl6nlineflbeflssidGfefiL«eandNSM3 4/ IM| IMr t/tt Mr I Beg Jeddak. Lisbon, Leiaes. Amsterdam. Tilbury. Hall M/ 11 Mr Bag >UH Leaees. lilbeo. Amsterdaa H® l s a/asept Leisies. b*uo, H/» Bet It HM LtilOCS. HbOO. Amster#a« Hall Sail* Eiiroea Penang jliM Sailed P. Kalaag Siagapore Nk KMNKUa 14 Mr KWIM 17
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      437 15 BEN LINE [MY, Irfifi 11 A* M A* n A« tat n tat SI Ata ISO* I W 4 Soft II Stat 11 Stat ii UK ii im SOT on tat tat k«J 17 tat to M la Stat Itai Stat) Stat 14 Stat ■fi. HK. Taa. In. TM T*.
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      749 15 Scan Dutch U [>:>::»i i. i d:» i: i»i i; r.vi r: Feeder tnm P. (<l*4 Vessel (UIMU fpamesca FUKtSti [LUMU nuwitu B/ 7 FUTLAMIA 3} m». Kir 28/ I SI LAMIA S/B ,1/ I lmU Mseiiies aMm SI 1/1 b/ 7 a/ ii/i a/1 va a/1 i/ ti/ v
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      336 15 GUTHRIE BOUSTEAD SH,,>W< ACiE "JCIE S THE BANK LINE LTD mMM (MMTitiM. Reunion. bwitaf, Durban, U_ P.E., <*•:«»> a/a m r uiMf nm m s m m/zj MuniMnvwi m mm, mmmi ■tmUM Ptna«| f n,i>nt SXKI tin ejpcess soma inter fun simpm If nr HUMS, NMUX mSTMI MLIESm. CAM FN
      336 words
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      843 16 K LINE KAWASAKI KISEN KAISHA. LTD. (VIA SIEZ) fey CMtMMT Visits CKVAUO PAR HEPTIK COtAL NCPTWE PEAIL ckvauo ion CSEVAUO N2E IX CMTAWa MOUTH 7E MIEMTAI. CNIEF r*« AGENTS: S'POIt VA> BAST to nmon S'oore P. Kelang L.Havre H'burg Bremen R'dam i 11* sMy IMy27My a My aMy3l My W
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      1002 16 E. C. -U. S. A. ATLANTIC/6NLF SERVICE acceptim FOAtt cmtaiheis ram stme. r. kelak. kmm lIM| Mr: NOOfOLK. WW ran. lUTNMH. Ml Hum. H9NSTON Smfapori E.C./GREAT LAKES SERVICE iMtai tar: HVIU. m took. hmthu. tooonto. wwn, uncut Ptiung BtIWM P. IUIMf SiDflbon wtiT rehoal" nw i« sci) nit* Mr »/tt
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      1045 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: ti mm. (via site S pore P. Kelang S'hampton Hiwrg CHEVALIER HM4 5My IMy 23 My NEPTORE CORAL 11 My 12 My 21 Ml NEPTUNE PEAtI 20 My 21 My 7Ah CHEVALIER NZE 27 My 21 My 14 AH 11 »H I.OHfXOHG CONTAINER
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      694 16 T /M MALAYSIAN INWVUATtONAI SHPHNG CO*PO*ATK* BEKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA ■est mm-. *P. VrtMl S'aore 1) MKilt! 2) *U9I 3) Hfevrf 0 Sburf lIANCESCA Sailed kORtI&AN 1/ I Ml 1 Ml I J* J 1 EIEAHORA 1/ 1 lU7UNIIA 11/ I 21/1 VI VI II I
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      641 16 t INTRASEA (PTE) LTD Z Kansai Liner.; STRAITS/AUSTRALIA SERVICE 4MI Singapore P. Kelang LaoTa( M: FORTUNES V. 7 19 My II Mf Brisbane/Sydney/ Melbourne' Aden id*. INI BASEA (PTI) LTB—mitll- Til Mimw I TUB INC —Ml ALPAC LINE SOUTH AFRICA SERVICE S'pore P. Kelang Penang Lsatiag tar I II My
      641 words