The Business Times, 6 July 1978

Microfilm: NL9760
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, JULY 6, 1978 SOCENTS
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  • BRIEFLY...
    • Article
      OUB issue
      55 1 OVERSEAS Union Bank's US$l5 million Issue of floating rate certificate of deposit (due 1981) has met with favourable response from the International capital markets. Of the total Issue, 27 per cent was placed here, 30 per cent In Asia (excluding Singapore), 20 per cent in Europe and 17
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    • Article
      Tunku sells stake
      88 1 THE FORMER Malaysian Prime Minister, Tunku Abdul Rahman, is believed to have sold his entire stake of 200,000 shares In the Star, a Penang newspaper. He Joins a number of othgr directors who have either sold or reduced their holdings in the paper. These include Mr. Lim
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    • Article
      $12m CBT charge
      71 1 THE MANAGING director of Far Eastern Hotels Development, Cho Jock Kim, was yesterday accused of criminal breach of trust involving $12 million. This is the seventh in a series of charges against Cho. In total, he is accused of misappropriating $24 million, a record in Singapore. Cho,
      71 words
    • Article
      Furniture testing
      33 1 THE SINGAPORE Institute of Standards and Industrial Research has set up a furnituretesting laboratory costing $200,000. Two sets of standards will be set and these will be used for testing furniture.
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    • Article
      Lock icon KL surplus halved
      58 1 Reuter KUALA LUMPUR, Wed. Peninsular Malaysia s trade surplus for the first four "]onths fell sharply to M 5255.4 million from *££7.6 million In the corresponding period of 1977, the Statistics Department said. .Surplus for April rose to $96.5 million against $8.3 million in March and compared
      Reuter  -  58 words
    • Article
      Lock icon Revaluing the rupiah
      84 1 AP JAKARTA, Wed. The government Is expected to revalue the ruplah against the US dollar this week to help cut the nation's Import bills. Information Minister All Murtopo said the government would make "a very Important announcement on finance" In the next day or two. He did
      AP  -  84 words
    • Article
      Lock icon NZ aids Asean
      92 1 AP Wed New Zealand has agreed to Increase its financial assistance to Asean trade delegations to that country and helD J*";™ present goods and make sales, a High Commission statement said today. A Zealand-Association of South-east Asian Nations Joint-trade study group had initially decided that New Zealand
      AP  -  92 words
    • Article
      Lock icon Dow Jones
      53 1 UPI NEW YORK, Wed. Stocks headed lower today in moderate post-holiday trading amid investor concerns about the economy and rising Interest rates. The Dow Jones Industrial average was off 4 23 points to 808.64 at 1500 GMT. Declines led advances, 669 to 306, among the 1,382 issues crossing
      UPI  -  53 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      128 1 Rises Most octive N SOP Alex Hide* Kinga Berjaya Kawat Tronoh Mines Weernea Robinson Kemtyti Set Coconuts Alcorn 290 100 2SS 245 060 350 287 207 312 233 v +48 15 13 11 +10 +8 +8 +7 +6 +6 High ft Low 568,000 State Darby 558,000 Haw
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    • Article, Illustration
      In Kuala Lumpur
      165 1 Rises Most active Wearnes B Kawat 3.50 2.55 +.12 +.11 .10 +.10 .10 S. Darby 978.000 Sg Bagari Intraco 2.40 2.55 2.80 High Low 601,000 KL Kepong 417,000 Prima Consplant 343,000 Gen ting 3.06 +.07 Total Turnover: 6.48 m M Credit UAC 1.15 3.36 .06 .06 Total
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  • Article
    Garment quotas go begging here
    909 1  -  EEC PLOY TO BAR IMPORTS By SIVA ARASU SEVERAL large garment quotas offered by the European Economic Community are still waiting to be taken up by Singapore manufacturers. They cover mainly men's underwear and women's pyjamas. The reason for this slack demand is the rising
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  • Article
    CONFUSION OVER F & N SHARES
    134 1 CONFUSION OVER F N SHARES THERE seems to be some confusion over the trading of Fraser and Neave shares yesterday morning when the counter was temporarily suspended at the company's own request. Investors and speculators alike concluded that a bonus Issue could be In hand or that the company was
    134 words
  • Article, Illustration
    Hong Leong offers AA members loans
    495 1  -  •y RAHIM KASSIM THE Automobile Association Is to use Hong Leong Finance as a vehicle to give "'its members preferential credit facilities. The deal means AA members will benefit, for instance, by obtaining loans for car buying at a percentage point lower than that
    495 words
  • Article
    Bali Hyatt bought over by Far East group?
    251 1 THE Far East Organisation has bought a controlling interest in the Bali Ehratt Hotel. A Hongkong report quoting a spokesman for the vendor, Cheung Kong Holdings, said that a subsidiary controlling 90 per cent of the equity of the hotel has been
    251 words
  • Article
    Pan Electric hits the expansion trail
    389 1  -  ly RONNIE LIM PAN Electric Industries, one of the Republic's Industrial pioneers, is embarking on an ambitious expansion programme, beginning with a Joint venture with a Hongkong company and a local businessman. It Is also Increasing Its Investments In its domestic appliances factory to
    389 words
  • Article
    Lock icon Trade pact fades
    110 1 AP THE refusal by other nations to lower barriers to US agricultural exports It unlikely the July 15 deadline for a tentative new world trade will be met, Robert Strauss, President Carter's special US trade representative said in Washington. Negotiators had hoped to meet the mid-July deadline
    AP  -  110 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      1 1 IL
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    • Advertisement
      Page 1 Advertisements Column 2
      43 1 SEE PAGE 11 Samson ite creates OMEGA From th»; sleek new lines of the exterior, to the high performance interior functional design becomes a rif d*l in Omega See Omega <-md yoi: II a ant to i I.'.n it ©Samsonite Eastern Agencies -.1
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    • Advertisement
      Page 1 Advertisements Column 3
      70 1 SHIPPING TIMES MORE projects to Una up the CBD HAVE quality will (arrive tad aoU PATE of British Shipbuilders will be decided by toot sad ELEVEN million children enslaved in Indie FORUM: Gnlbrnhh's inflation STANDARD Chartsred's foray into America CONBHOTEL may declare aiTtdcnd next year FAN unveils bumpsr results C^U)ftrture.SH?^Sv
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    • Advertisement
      Page 1 Advertisements Column 4
      3 1 Lemdm Pmg* i
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    • Advertisement
      Page 1 Advertisements Column 5
      262 1 :[@*};@]<-`+/{":>]+[,:?."}(?]^, AKAIWtof ■r 3 .v iiS rrn> STEREO TUNER ICS-702 DD FRONT LOADING stereo CASsrmoecx Her A*,. a X SV-DTS i-WAY i-SKAKER SYSTEM AP-lOOC STEREO TURNTABLE Features: Automatic Tom Arm Return Motor 4 pok synchronous motor Speed 33 1/3 end 45 rpm Wow 6- Flutter 005% WRMS(JIS) S/N Ratio Better
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  • TRADE AND INDUSTRY
    • Article
      Bringing night life to the CBD
      557 2  -  «r JOHN LIM THE SIXTH sale of sites by the Urban Redevelopment Authority Is expected to generate an estimated 1,574 Jobs In the building sector and a total Investment of some $156 miMlon. Since 1967, 69 sites have been sold and an overall investment
      557 words
    • Article
      It's harder on the graduates
      133 2 SINGAPORE'S employment situation took an ironic twist last year with graduates having the highest rate of unemployment despite a big Increase in administrative and managerial positions. According to figures from the Singapore Yearbook of Labour Statistics, unemployed graduates Increased by 59.5 per cent over the
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    • Article, Illustration
      VERSATILE BOBCAT
      109 2 SINGAPORE Equipment Service* (SES) has been appointed distributor for the Bobcat Skid-Steer Wheel Loader manufactured by the Melroe Division of Clark International. The Bobcat can be used in construction work as well as stevedoring. Its front loader can take all kinds of materials, said a company spokesman. SES
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    • Article
      Banks must place the customer above all else
      323 2 SERVICE industries in general, and baaka la particular, need to leak realistically at tke services offered to cmtom, aad haw they are offered if they are to achieve their own objective* and fulfil Mr obligations to the community. The marketing manager of
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    • Article, Illustration
      QUALITY THAT SELLS
      563 2  -  •y FOO CHOY PENG QUALITY will have to be the selling point for Singapore products In order to stay In the running with other developing countries. Local industries must therefore upgrade technology and Improve productivity. This point was made by the director of the Industrial Training Board,
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    • Article
      ChemAsia topics of interest to Asian nations
      251 2 ENERGY conservation, desalination, and project development and financing will be among 50 papers to be presented at Asia's first International conference on chemical and process engineering In Singapore next year. The conference will be held in conjunction with ChemAsla, an International chemical and
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    • Article
      Curbing curbs
      165 2 A PROMINENT American professor of economics has called on developing countries to avoid excessive restrictions that might chase away foreign Investment and act as barriers against freer trade. Dr. Melville J. Ulmer, a consultant to several US government agencies, was delivering a lecture on "Lobbyists and protectionism" at
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    • Article
      Merdeka bridge lives on
      169 2 THE proprietor of a leading Hongkong construction company which built the 610-metre Merdeka Bridge In 1954, Mr. Paul Y. Tso, died In Paris last Friday at the age of 75. Mr. Tso Is the founder and chairman of the Paul Y group of companies of Hongkong
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    • Article
      MEMO PAD
      461 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, July 6-7: Planning budgetary control for managers, Hilton, Price Waterhouse July 7: Travel Agents' Presentation, RELC, British Airways
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      259 2 Why isThe so hard to find local newsstands Robably because success in business is never easy to come by! The Asian Wall Street Journal is no ordinary newspaper. It's the only regional publication that provides Asia-wide business news every business day, as well as penetrating analyses of the key international
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      624 2 CRYPTIC PUZZLE ACROSS 1 Peculiar tailless cat making a lot of noise (6) 7 Considering no massive monarch (8) 8 Some help is available here (4) 10 One drink after another (6) 11 It's In punishment that this Is not endless (8) 14 Allowed to have that "lived In" look
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  • OVERSEAS
    • Article
      Lock icon Bremen can only offer guidelines
      307 3 Reuter TODAY'S EEC summit at Bremen will not reach definitive monetary decisions, but will give guidelines for greater currency stability to be worked out within a certain period. Luxembourg finance Minister Jacques Poos said In Luxembourg that EEC heads of government will provide outlines which
      Reuter  -  307 words
    • Article
      Lock icon Swiss can expect 3pc real growth
      421 3 Reuter THE SWISS economy la expected to show 3 per cent real growth this year compared with expectations of 1.5 to 2 per cent at the start of the year, Economics Ministry officials said. At the same time the forecasters have revised downward their
      Reuter  -  421 words
    • Article
      Lock icon German consortium loan for Lisbon
      201 3 Reuter AFP THE Portuguese Central Bank Is receiving a 420 million mark (SS47O million) 10-year fixed Interest credit from a West German banking consortium, Joint lead manager Westdeutsche Landesbank Glrozentrale said. The credit, signed on Tuesday, has a German government guarantee and is Germany's contribution
      Reuter; AFP  -  201 words
    • Article, Illustration
      Lock icon British miners vote for 40pc wage hike
      705 3 Reuter BRITISH mlneworkers voted for a 40 per cent rise In basic wage rates from next March, raising the rate for coalface workers to £110 (*****) a week. National Union of Mineworkers president Joe Gormley had warned the government against seeking to extend
      Reuter  -  705 words
    • Article
      Lock icon Venezuela 'farms out' oil revenue
      513 3 Reuter VENEZUELAN farmers are now benefiting from the country's massive oil revenue. Agriculture and cattle breeding were economic mainstays before the discovery and exploitation of oil. But by 1974, when oil Income Increased four-fold, and domestic consumer demand started soaring, 80 per cent of the
      Reuter  -  513 words
    • WORLD IN BRIEF
      • Article
        Lock icon WHAT'S IN A NAME
        509 3 Agencies JAPAN'S Ministry of Agriculture and Forestry was renamed yesterday the Ministry of Agriculture, Forestry and Fisheries in order to acknowledge Its role with the advent of the 370-km fishing zone era. The name change cost well over five million yen (about SS50.000) for new seals.
        Agencies  -  509 words
    • Article
      Lock icon New Soviet plan to right agriculture
      273 3 Reuter THE central committee of the Soviet Communist Party has set out Its plans for improving agriculture. A resolution of the committee, the country's top policy-making body, at Its two-day plenum session took note of failings It wanted eliminated from ■agriculture, long the Kremlin's
      Reuter  -  273 words
    • Article
      Jute industry troubles
      99 3 MOUNTING labour unrest and an acute fibre shortage have seriously hit the Jute industry in Calcutta, Industry sources said yesterday. On Sunday the management of the Auckland Jute Mills declared a lock-out when about 300 maintenance staff resorted to a go-slow. Work stoppages have almost paralysed the
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    • Article, Illustration
      Lock icon How to boost detente — Kreisky
      241 3 How to boost detente Kreisky UPI AUSTRIAN Chancellor Bruno Kreisky (above) hu called for closer East-West cooperation in Europe in the economic, energy and transport fields to aid the process of East-West detente. Adressing a meeting of the Royal Institute of International Affairs, Chancellor Kreisky said: "If it should be
      UPI  -  241 words
    • Article
      Lock icon No conclusive evidence of Bonn upswing
      544 3 PRESSURE FROM SUMMIT? Reuter LATEST German Industrial activity statistics, showing a fall of IK per cent for orders and production in May, mean the country will go Into the seven-nation summit in Bonn on July 15 with still no conclusive evidence of a self-sustaining
      Reuter  -  544 words
    • Article
      Lock icon Trigger plan fails
      407 3 AP IMPORTS still haunt US steelmakers despite government efforts to stem growing sales of foreign steel in America. Mr Lewis Foy, chairman of the American Iron and Steel Institute, said he is disappointed with the trigger-price system set up by the Carter Administration to combat alleged dumping
      AP  -  407 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      144 3 LUXURIOUS APARTMENTS WITH PANORAMIC HARBOUR VIEW FOR SALE OR RENT AT INTERNATIONAL PLAZA A. SPECIAL FEATURES Panoramic view of Singapore waterfront 24 hours central air-conditioning i S Wall to wall carpeting S Furniture fittings designed and provided by B leading interior decorators j S 5 exclusive elevators 1 S Fitted
      144 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      346 4 OPENING prices yesterday were marked up following higher London advices and gained further ground on upcountry buying and short-covering interest before selling emerged to pare rises slightly. The morning market closed slightly higher with July One RSS buyers quoted at 225.75 cents per kilo, up one
      346 words
    • Article
      RAS PRICES
      313 4 Prices in cents per kilo yesterday Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b 226 00 227. OON 227.50 228.50N Int. 1 R.S.S. July 228 50 227.00 228.25 228.75 Int. 1 R.S.S. August 226 00 226.50 227.75 228.25 Int. 2 R.S.S.
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    • Article
      SSR AND SMR
      102 4 NOON SSR and SMR prices yesterday: July Aucutt RAS (Cum nt Mth) (Forward Mth) Buyers Seller* Buyer* Seller* (onU perk*) (cei DUperkll SSR 20 <1 —ton pallet) ***** 213.SON 212.SO 214 SON SSR SO O —ton pallet) 209 50 211.SON 210.50 212.S0N M.R.E.L.B. SMR5CV (1 -ton pallet)
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    • Article
      Palm oil
      73 4 C.I.F. North European ports, in US dollar per ton unless otherwise stated. LONDON: TUMday Previous Malaysia 5* (la bulk per tonne August awr 823slr Sumatra 5* ffa bulk June jnch unq July unch 71telr August «40slr/835pd 832 vtalr/032 Wpd September 590slr/585/587 50pd58S«lr/587.50/590p<l October 570s lr 570slr/587ftpd November unch
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    • Article
      Closing prices
      31 4 Rubber: July 5 Singapore: July 228.25 cents (up 3.50 cents) Malaysia: July 231.50 cents (up 3.25 cents) Tin: M 51,720 (up $15) Official offering: 207 tonnes (up 16 tonnes)
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    • Article
      Hongkong Comex
      162 4 THE sugar market yesterday closed about 0.23 US cents lower in continued quiet trading, with 10 lots traded against nine on Tuesday. The Hongkong daily spot sugar price eased 0.15 to 6.65 cents, dealers said. The cotton market closed about 0.15 US cents lower at the day's low
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    • Article
      SPOT PRICES
      185 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20s 1.730: 32s 2.180; 40s 2.230 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 36
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    • Article
      Produce exchange
      323 4 THE Singapore produce market yesterday remained unchanged with the exception of coffee. All grades of coffee eased. According to the notional quotes given by the Singapore Chinese Produce Exchange. AP 1 was down $20 per picul to $360. similarly AP 2 to $325 and EK 1 to 5330.
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    • Article
      Sugar
      261 4 SUGAR futures In London yesterday finished the first call £0.40 down from Tuesday to £0.30 up In a thinly traded volume of 125 lots. Then, prices moved up on sporadic short-covering with sentiment possibly Influenced by sterling's easing from early highs, dealers said The reported result of the Moroccan
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    • Article
      Cocoa
      118 4 TERMINAL cocoa finished the first call In London yesterday £4 lower to £3.50 higher in thin trading volume. Opening trading saw little basic change in quiet conditions. Dealers attributed much of the limited first call selling to outsider orders while the trade supported the market, they said. The sources
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    • Article
      Slow road to recovery for Paris markets
      719 4 HOW ARE Paris commodity futures markets recovering after the "disaster" at the end of 1974 during the great sugar boom? Then the Calsse de Liquidation, which provided clearing house facilities for the Paris markets announced that it was unable to meet Its commitments
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    • Article
      Lock icon West European bean imports may fall
      305 4 Reuter WEST European net Imports of soyabeans Is expected to decline sharply to 2.2 million tonnes in the last quarter of this season (July to September) from the previous quarter's 3.8 million tonnes. In making this forecast in Its latest issue, the Hamburg-based weekly
      Reuter  -  305 words
    • Article
      Straits tin
      130 4 THE STRAITS tin price In Penanf yesterday rose MSIS per plcul to $1,720 $220 above the International Tin Agreement celling. The rise was attributed to speculative local buying support following steadier conditions In London overnight. dealers said. Turnover Increased slightly to 207 tonnes from Tuesday's 191 tonnes with
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    • Article
      Silver
      105 4 THE Hongkong silver market yesterday firmed 40 HK cents to close at HK5247.00 per 10 ounces In continued quiet trading, with turnover estimated at 20,000 ounces, dealers said. Prices fluctuated between HK5247.20 and HKJ246.90. The fixing price rose 50 cents to HKJ247.00. In LONDON yesterday, sliver on the morning
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    • Article
      Lead
      95 4 LEAD at the end of the morning ring In London yesterday was £0.25 per tonne higher for cash and unchanged for Three Months. Prices advanced in the pre-market with Three Months trading up to £320 per tonne a gain of £4. However, the rise was not maintained In the
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    • Article
      Coffee
      322 4 ROBUSTA futures In London yesterday morning opened about steady In thin dealings £13 up to £2 down from Tuesday. Turnover was 159 lots. Dealer buying and shortcovering led to Initial gains of around £20 In November at £1,335 before ending the opening call £13 up at £1,327. Dealers said
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    • Article
      Rice
      197 4 BANGKOK rice prices were quoted as follows yesterday: (In U8 dollars per tonne F. 0.8., bull Bangkok) White Rio*: 100 pet lit clmas 437,100 pet 2nd class 422.100 pet 3rd class 417, 5 pet 408. 10 pet 490. IS pet 382. 20 pet 377 23 pet 367. 35 pet
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    • Article
      Zinc
      49 4 ZINC finished the morning in London yesterday £1.25 down for cash and £1 lower for Three Months. This market Initially rose with the general trend of base metals and Three Months showed gains of around £3 when trading up to £320 per tonne. Ring sales were 900 tonnes.
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    • Article
      Gold
      289 4 THE kllobar In Singapore yesterday opened at 8113,779 with little buying support. The market eased off gradually throughout the day to close at a Tow of $13,743. Spot gold for London dellvery opened at U*****.45/75, stabilised at $184.35/65 level and closed at $184.25/55. The London morning gold fix was
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    • Article
      Copper
      192 4 COPPER wlreb&rs finished the morning In London yesterday with gains of £4 for cash and £3.5 for Three Months. A firmer trend emerged on the pre-market under short-covering and some commission-house buying which dealers said antlclKted the opening trend In s afternoon in US futures following Tuesday's Independence Day
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        512 4 THE US dollar was traded up against the yen on the foreign exchange market yesterday. It firmed with buying support after opening at 200.80/90. By lunchtlme, the dollar was traded up to 201.10/20 and, with the opening of the London exchange, made further gains to 201.80/90, a 100-point
        512 words
      • Article
        Asian $ rates
        142 4 Asian rates ASIAN currency deposit Interbank rates as at close on July 5: U8 Dslla Offer 7 days 1 mth 2 mth* 3 mth* Smths Bmth* 12 mth* ....83/16 ....713/1# 1/4 8S/8 ....81/t ....86/16 .9 3/8 8w. Fh. 81/16 711/16 l/» 81/2 8 8 3/16 81/4 DM. (MMdWPrieaa) 1 mth
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      • Article
        Discount
        48 4 RANGE of price* offered by discount houae* on July S: Overnight 3** Call deposits 3fc% CM Buytac 3-month 8 Treasury bills 3 5/6 s via 3-month Bank bills 51/16 5 3/8 3-month CD 5 3/4 5 5/8 6-month CD 57/1 3 3/4 Source: National Discount Co. Ltd.
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      • Article
        MLR
        21 4 THE average rat* at which Singapore banks are currently prepared to lend to their beet customer* is 7 per cent.
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      • Article
        Euro $ rates
        57 4 Euro rates LONDON Eurodollar deposit rates held steady in quiet opening trading yesterday, though nearterm fixed dates were adJusted lower on the Friday dealing technicality. One Month fell to 713/18, 7-11/18 per cent while Two to Five Months eased by up to 7/18. Overnight and Thurt/ Frl were unchanged at
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      • Article
        Treasury bill tender
        55 4 THE Monetary Authority of Singapore invites banks and discount houses to tender for the following Treasury bills: (1) 820 million 91-day bills to be issued from July 10 to July 14; and (li) tlO million 273-day bills to be Issued on July 10. Each tender must not
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      • Article
        London
        218 4 THE dollar yesterday morning staged a mild technical rally from overnight levels as operators began to reverse oversold dollar positions and take profits. Fundamentals, however, were unchanged and the bearish outlook for the US unit, which has gained ground since the US Senate rejected the possibility of US oil
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      • Article
        Tokyo
        148 4 THE US dollar for overnight delivery yesterday closed at 201.00 yen, up from a post-war low opening of 200.50 but down from 201.35 at Tuesday's close. Dealers said the Bank of Japan was believed to have bought an estimated US$3O million at different levels throughout the day to support
        148 words
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        Hongkong
        80 4 WHILE losing ground against the mark In nervous trading In the wake of the US holiday, the US dollar yesterday closed slightly firmer against the yen and sterling. It closed at 201.10/ 30 yen compared with 200.90/ 201.10 In London on Tuesday, at 1.8712/ 22 against sterling compared with
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      • Article
        Eurobonds
        302 4 EUROBOND prices quoted on July 4: Straight. Bid OChr Nat west 986 00.75 Hydro Quebec OH 03 07 25 Cputrauld»»tf 0*80 88 62 ElB it( 0* 02 02.00 Flaona stf 10* 87 05.25 Inco0 02 05 75 Inco8K84 05.75 8parbanlternai 8* <0 06.00 8hell 8H 00 04.82 8NCF8W84 07.00
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      • Article
        Australia/NZ
        50 4 AUSTRALIA and New Zealand exchanges on July 5: AUSTRALIA: US dollar 1 15*/ 1.1471 Starling 0.6170/ 0.0000 Ninety-day airmail buying rfctaa USdoStr'i.im sS f d o'«i2r* nl rmt US doltar 1.14W NEW ZEALAND: SicrUnc 0.8007/ 0.S6M US dollar 1.097*/ 1.0ST0 Ninety-day airmail buying rata*: Starting 0.9771 US dollar 1.0900
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      140 4 u pFTFi 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
      140 words
    • Advertisement
      Page 4 Advertisements Column 2
      24 4 1 Brari Ntw ARBUR6 Air-OpwiM lltater Injectiu Moiltinf Mtdxai 645 No. 105 442. Met $15,500/For Further Dttoik, pfeaa* coll Mitt Sutan Low Td: *****01
      24 words
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  • TRANSPORT
    • Article
      The Reksten group wants to reschedule $300 m loan
      668 5 NORWEGIAN supertanker operator, the Reksten group, is seeking the rescheduling of a total 700 million Norwegian crowns (SS3OI million) In loan guarantees from Norway's Guarantee Institute for ships and drilling vessels (GI). Reksten's director Odd Kvaal said in Bergen, Norway, that
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    • Article, Illustration
      NOT EXACTLY A WHALE OF A TIME
      195 5 THE 16,378 gross tonne offshore work-ship "Blue Whale" is now in Singapore for dry-docking at the Sembawang Shipyard after completing a construction job in Tasman Sea off New Zealand. Built in 1954, the ship was originally an ore-oil carrier until 1974 when it
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    • Article
      UK yard's fate will be known by year end
      601 5  -  By CHAN BONG SOO THE ONE YEAR OLD nationalised British Shipbuilders appears destined to cut capacity and diversify into more warship building, offshore and subsea work and general engineering. The corporation is now conducting a planning exercise and by year's end,
      601 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      679 5 ARRIVALS Service Local Operator Number Time From CPA CX710 1005 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP MAS MH605 1045 KUL SIA SQI03 1045 KUL SIA SQ209 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1125 MNL GIA GA982 1200 HLP
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    • Article
      Lock icon Humber River folk humbled
      618 5 Reuter ONLY TWO years ago the Humber River in Hull, England, was a thriving waterway, dotted with trawlers stealing in from Iceland's shoals to unload their rich cod catches. Today, trawler traffic is much lighter, many ships are at quayside, rusting and idle. Hope is all
      Reuter  -  618 words
    • Article
      Lock icon LONDON FREIGHT
      153 5 UPI OVERALL chartering suffered the dampening effects of US Independence Holiday. Single voyage operations shrank to Just one US GulfJapan wheat movement Involving 17,142 tonnes aboard in July loader Panormos at USI9 (Ss43) (F10). Time chartering accounted for remaining sparse interest. In the Far East, Mexican charterers booked
      UPI  -  153 words
    • Article, Illustration
      SHIPS IN PORT
      416 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Fortune Runner (1100) 33/34 Golden Fortune (after Orchard Gold) 44 Ibn Qutalbah (after Veestar Andorra) 1/2 Ivan Kotlyarevsky (after Macesta) 47 LCT Arrow (0900 after Let Fourcroy) 22 Nanwu (after HlJaz) 6/7 Palm Sea Horse (1800 after Anna K) 13/14 Perak (0530)
      416 words
    • Article
      Glomar shedding its cocoon
      371 5 GLOMAR Explorer is coming out of mothballs and has begun refurbishment In San Francisco in preparation for ocean mining test later this year for Ocean Minerals Co (OMCO). Mining tests will begin next November to evaluate the performance of a bottom miner developed by OMCO to
      371 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      134 5 .line Loaiy Very exclusive. Very different. Very private. July 6,1978 Dear Founder Members, Thank you for your support and enthusiasm. 400 of you have joined The Library and Founder Membership is now closed. The response to The Library membership, however, has been so overwhelming, that we are trying to smooth
      134 words
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  • Article
    Bankers, give consumers a break
    660 6 FINANCE companies are by their nature and size not as glamorous as banks and usually have limited Impact on the financial scene. Yet the move by Hong Leong Finance tooffer concessional financing terms to members of the Automobile Association could well become one of the
    660 words
  • Article, Illustration
    Lock icon Japan's place in the sun
    1598 6  -  By ROBERT CRABBE UPI THE LATE cowboy humorist Will Rogers could be funny in his gentle way about very alarming things, like the big Japanese navy buildup before World War n. "Well folks, America knocked on the door of Asia, but she didn't go in,"
    UPI  -  1,598 words
  • Article
    Mr. Hosoda's 40 years of fulfilment
    546 6 THE STORY of Mr. Junichi Hosoda, car worker at the Oppama factory of Niaaan Motor Co. Ltd, it an object lesson oo what qualities help the Japanese to keep their edge over many competitors. Mr. Hosoda has worked at his factory for more than
    546 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      317 6 w i J ri rn^fW^ 9 i 11 i IgMi HenkellTrocken The award-winning sparkling wine from Germany. Another quality product from Havelock Road S'pore 3. Tel: *****1 ion bar presents Tofco 8 Hte Kids The Jackson 5 of Manila Don't miss the exciting sounds of Toto L His Kids. This
      317 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late mornReport for 24 hours prior to 7.30 p.m. on July 4 ai the airport: Maximum Temperature 31.7° C Associated Humidity 60 Minimum Temperature 23.1° C Associated Humidity 98 Hours of Sunshine 5.30 Rainfall in Millimetres nil Total
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      289 6 ITiWRWATOOf SINGAPORE 5 3.00 P.M. Opening announcements followed by I, The Prince Of Botany'"* 3.30 Diary Of Events (Chinese) 0 3.35 Eight Heroes Of Shou Lin with English subtitles (Repeat) 0 4.30 Intermission 6.00 P.M. Opening announcements followed by Lassie Run To Nowhere (Pt. 2)° 6.30 News in Brief" 6.35
      289 words
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  • Article
    Lock icon Why they are flocking to Dusseldorf
    948 7  -  •y JOHN VINOCUR NYT AT THE END of the Konigsallee, one of West Germany's most elegant streets, in Dusseldorf, is a neon enclave with signs that read Toshiba, "Bank of Tokyo and Asahi Pen tax. Thyssen and Klocknerstahl, two German industrial giants, are there
    NYT  -  948 words
  • Article, Illustration
    Lock icon Children — India' s 11m slave labourers
    1010 7  - Children India' s 11m slave labourers By LESLIE MURPHY Reuter GAURI SHANKAR Is aged 11 and works on a mango cart. His friend Jagdish, who is 12, sells bananas for 13 hodrs a day In the crowded streets of New Delhi's Paha Oanj Bazaar. A few streets away, Kamal who
    Reuter  -  1,010 words
  • Article
    STRAWS IN THE WIND
    407 7 THE Japanese have a habit of popping up when they are most unwanted, to embarrass the poor Americans American diplomats were Indeed overcome with confusion at a Fourth of July party held at their embassy in Mexico City this week, since the Stars and Stripes flags
    407 words
  • Article
    Galbraith's inflation heresy
    818 7  -  FORUM, r ...on inflation b i h TOM WICKER Tom Wicker it the Neu> York Time» economic commentator. IF INFLATION is caused by concentrations of economic power, then It follows as the night and the day that the way to control Inflation is to control those concentrations
    818 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      370 7 Lunch TODAY «OKOH <$) 9 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 •"OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 "KATSURA Orchid Inn. Dunearn Rd Tel: *****2 Enchanted even i ngs in fine European tradition. Mirabelle iJ ->. f: I :!l V
      370 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      40 7 BRistou- Gerr on id Messes SUM RHD CHRSeTHiS GuM V THIS »S BRistDOJ OF fecp-N/i5.... fce Oufc ORDfcg-y TRRJOGC, R*GMT fVujfW mft.fUDGt HftNG ON.OLO SON »CBReJFOL UITM TMRI ice eoc<eT J VoU'v/e CRUSHT us IN lthc rniDOLe of our h_s^BßeA<.
      40 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Milan, Zurich stocks see thin dealing
      476 8 EUROPEAN MARKETS MILAN stocks closed slightly lower in thin dealings on Tuesday. with operators cautious on continuing political uncertainties. Flnsider, Marelll Etc., Pirelli Spa and Snla Vlscosa showed modest gains among Industrial and financial leaders, but Fiat Montedison, and both .OUvettls and Pirelli ECs
      476 words
    • Article
      Amsterdam
      199 8 JULY 04 FTs Ir'/ABN 364.00 +0.5 Ahold 102.80 -1.7 Akzo 29 20 -0.3 A ME V 80 60 -0.1 L "'Amfas 104 00 -2.5 'Amrot Bank 75.50 -0.3 Bergoss 54.80 +0.7 Bcrlt 91 80 -0 6 Bols 70.50 1 Borsumlj 159.00 -0.5 Burhmann 72 00 unch Byenkorf 91.50 unch
      199 words
    • Article
      Paris
      260 8 JULY M Frs CORBEILLE Alr-Llqulde 287 +1 ITS N Gervals Danone 525 -5 "CS F (ThomsonCsf) 259 +3 Cie Francau* des Petroles 134xd -10.8 Compagnle Flnanclere Compagnle Oenerale 349 unch Credit Foncler De France 338 •3 Hachette (Llbralrle) 229 1.9 Machines Bull 30 -9.79 Michelln(B) 1277 10 Partbas 184.90
      260 words
    • Article
      Milan
      90 8 Anlc 95.75 -0.25 Assoc Qen Bastogl Centrale Flat ***** 440 3005 1788 -20 -2 -25 -2 110.75 +0.5 Gen Immob 72 unch IFIPrl 2188 unch Italcementl ***** -109 I taigas 689 -6 Italstder Magnet! M Pf 500 unch Marelll Ere 298 +4 Medlob ***** -150 Miralanza ***** -140 Mondadori
      90 words
    • Article
      Frankfurt
      214 8 JULY 04 Dm Aef-Telefunken 77:80 +0.3 Akzo 27.20 -0 5 All* Leben 640 -10 AllzVers 477 unch BASF 128 80 -0.2 Bay H T Wbank 292 unch BayVbank 320.80 -0.7 Bayer 132.40 +0 4 BBC 312 50 12 BMW 248 50 +2 Cassella 363 ♦4 Chem Verw 253B Commerzbank
      214 words
    • Article
      Brussels
      93 8 JULY M FT* FORWARD MARKET Acec 319 unch Arbed 2370 -20 Astur 602 +2 Brascan 46Sxd -1 Bru-Lamb 1510 unch Canpae 542xd -16 Cock 446 10 De Beers 190 +3 Ebes 2255 unch Electrobel 6540 unch 3b-Inno-Bm 2210 15 Gev 1292 +6 Hobok 2310 -5 Petro 3685 -35 Ryl
      93 words
    • Article
      Zurich
      183 8 JULY 04 Francs Actions Sulsses 205 -1 Alusulsse Br 1255 -25 Alusulsse Reg. 570 +58 Brown Bovert Br 1M0 unch Clba Oelgy Br 1110 -5 Clba Oelgy PC 820 -20 Clba Oelgy Reg 510 -8 Credit Suisse Br 2180 -20 Credit Suisse Reg 407 unch Elektrowatt Br 1740 -10
      183 words
    • Article
      HIGHER GOLDS
      415 8 Johannesburg GOLD shares were higher In moderate trade on Tuesday, reflecting the rise In the bullion price. Dealers said gains ranged to 200 cents In heavyweights, while smaller and medium priced issues gained up to 30 cents. Mining flnancials followed ?i reducers higher. Anglos rose 0 cents to
      415 words
    • Article
      Prices finish lower
      345 8 Toronto SHARE prices closed lower In quiet trading on Tuesday. The composite Index was down more than 2-1/2 points, with declines in eight of its 14 component groups. Gains outnumbered losses 184 to 176. Ashland Oil Canada rose one to 23-7/8 before being halted about 1145 EDT.
      345 words
    • Article
      Selected indices
      66 8 FINANCIAL TtMES INDUSTRIALS Tuesday 453.1 Monday 458.1 Week Ato 456 3 DOW JONES AVERAGE INDUSTRIALS Tuesday closed Monday 113* to 113 Week Ago 817.31 LONDON DOLLAR PREMIUM Tuesday 112* to 112*. Monday ...112* to 112* H.K. HANG SENG Wednesday S74.72 Tuesday Week Ago 544.85 SYDNEY INDUSTRIALS Wednesday 425.14
      66 words
    • Article
      Lock icon Pension consultants hold trump card
      2045 8  -  •y JULIE ROHRER NYT THE US$2OO billion invested in corporate, union and other pension funds in the US is the largest and fastest-growing single pool of private capital in the world and the chance to invest those billions, and reap the commissions therefrom, Is the
      NYT  -  2,045 words
    • Article
      Lock icon Nikkei DJ at new high
      606 8 TOKYO Source: DBB-Daiwa THE Nikkei Dow Jones average continued to record a new high and closed the day with a moderate sain of 14.33 yen, at 5.576.34. Mutual funds and foreign investors heavily bought food and llghtelectrlcal issues with a good business outlook. Turnover was
      Source: DBB-Daiwa  -  606 words
    • Article
      Lock icon Hongkong
      350 8 Source: SHK Sec TO many observers, the market looked set for a period of consolidation especially with reports that the Egyptian government had imposed a ban on the Imports or nearly all textile Items, synthetic and artificial leather and perfumery and beauty products (estimated to be worth $100 million
      Source: SHK Sec  -  350 words
    • Article
      Sydney
      265 8 THE market was mixed In quieter trading in the absence of strong local or overseas Interest, dealers said. Among uraniums, Pancontlnent&l rose 10 to 14.70 and,, Peko 10 to 5.00, but EZ Industries fell two to 2.40 and Queensland Mines five to 2.55. JULY as OenU INDUSTRIALS A.C.I. unch
      265 words
    • Article
      Manila
      112 8 THE market c 1 1 commercials famine Sllftttly while mlnlnfs and oils declined, dealers said. Turnover fell to 7.89 million pesos from Friday's 8.62 million. JULY Si Pmo* Aco)«Mininc .011 unch Altai Con A —v AUaaCtw.B. 1S.S0 unch B&cutoOold ooss uncH Bencuet Con. B n. so unch Br Goodrich
      112 words
    • Article
      Bangkok
      140 8 JULY Bahts AM Fibre 283 -1 Bangkok Bank 3T8 -2 Bangkok Invwt. 944 -9 Bangkok-Metro-polian Bank Bala BerliJucker Carpet Intnl Charoong Thai Wire 2SS -1 Duslt Than) 321 -4 Paber Merlin First Trust 418 4-3 Oenera Finance Indo-Thal Industrial Finance Corp 2479 unch J And J Ho 494 -8
      140 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      226 8 ANDRE/W r A Bouquet Penguins is currently with his .Within 11 ips lead to tragedy j&i gains the tense momentum of a thriller as Another Bouquet Another Bouquet is Andrea Newman's sequel to A Bouquet of Berbed Wire. P dead, but Gavin and Manson cannot let her go. Her presence
      226 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Demag becomes Mannesman Demag AG
      208 9 Reuter SHAREHOLDERS at Demag Ag's annual meeting unanimously approved a proposal to change the company's -name to Mannesmann Demag Ag from Jan 1, 1979. The proposal results from "four years of cooperation '-with Mannesmann Ag, which holds 90 per cent of Demag. Managing board chairman
      Reuter  -  208 words
    • Article
      Lock icon Spillers' forecast optimistic
      119 9 Reuter LONDON: Results of Spillers Ltd In the current year should be well above the 18.49 million pre-tax profit reported In the year ended Jan 28, despite a residual loss of £3.5 million irom banking operations until their divestment In April, chairman Michael Vernon said. "Without the
      Reuter  -  119 words
    • Article
      Lock icon Std. Chartered bids for Union Bancorp
      910 9 EUROPEAN U NYT ANTHONY Barber chairman of Standard Chartered Bank Ltd announced that the bank has made a US$372 million bid for California's Union Bancorp, the biggest leap a British bank has ever made into the American market. "This is the most Important development
      NYT  -  910 words
    • Article
      Lock icon DUPONT ENDS PRODUCT
      82 9 Reuter DU PONT said It will phase out over the next several months, the manufacture and sale of powder made from "surlyn lonomer. As a result, It will take a second quarter charge of US$7.5 million or 16 cents a share. It said an evaluation of present
      Reuter  -  82 words
    • Article
      Lock icon Royal Dutch Shell
      63 9 Reuter KUWAIT: Kuwait said It has signed a 10-year contract for the sale of 200,000 tonnes a year of liquefied gas to the Royal Dutch Shell group, giving an expected annual revenue of US$25 million. The Oil Ministry said other contracts are expected to be signed soon
      Reuter  -  63 words
    • Article
      Lock icon Michelin
      36 9 Reuter PARIS: Net consolidated 1977 Droflt for Cle Generate Des Ets Michelln was reported at 675 million francs (754 million). Net consolidated turnover: 18.1 billion (16.2 billion). Cash flow after tax 2.37 billion (2.42 billion).
      Reuter  -  36 words
    • Article
      Lock icon German VW reports 13pc rise in sales
      318 9 UPI Reuter WOLFSBURG (West Germany): The Volkswagen Motor Company reported an appreciable Increase In turnover In 1977 over the previous year. Mr. Tonl Schmuecker, the chairman of the board, valued worldwide turnover at 24.2 billion marks, an increase of 12.7 per cent against
      UPI; Reuter  -  318 words
    • Article
      Mitsui Mining beats slump
      123 9 TOKYO: Mitsui Mining and Smelting Co Ltd said it has proposed to Its union a plan to suspend operation of Its Hikoshlma zinc refinery for the whole of August and a Bartlal suspension of Its iamloka zinc mines for about two weeks In the same month.
      123 words
    • Article
      Lock icon MIM
      31 9 Reuter BRISBANE: Mount Isa Mines said it cut Its price for copper, equivalent wlrebar basis of main Australian ports, to A 51,140 per tonne from 1,160, effective this month. Reuter
      Reuter  -  31 words
    • Article
      Lock icon Chiyoda increases floating shares
      133 9 AFP TOKYO: Japan's Chlyoda Engineering and Construction Company has decided to boost its capital by 550 million yen to Increase the number of its floating shares available on JaDan's stock exchanges. The nation's top engineering firm, capitalised at 3,520 million yen, now faces demotion to the
      AFP  -  133 words
    • Article
      Lock icon Midland Int'l offers FRNs
      149 9 V BONDS&LOANS Reuter LONDON: Midland International Financial Services BV, the finance subsidiary of Midland Bank Ltd, plans to offer US$lOO million of guaranteed floating rate notes July 1993 in the Eurobond market. The notes will be unconditionally guaranteed on a subordinated basis by Midland Bank. Interest
      Reuter  -  149 words
    • Article
      Lock icon French Occidental's US$2O million note
      124 9 Reuter PARIS: The Banque Internationale Pour L'Afrlque Occidental's US$2O million floating rate issue was priced at par. A spokesman for lead manager Banque Natlonale de Paris said t he bond has a floating rate 1/4 point above London interbank offered rates, a life of five
      Reuter  -  124 words
    • Article
      Lock icon Finance for complex
      74 9 Reuter LONDON: Lazard Brothers and Co said it signed two loan agreements totalling about US$35 million for Hemljska Industrlja Zorka of Yugoslavia to finance a tin plate complex. A loan of approximately $27 million guaranteed by Britain's export credits guarantee department, will finance a large part of
      Reuter  -  74 words
    • Article
      Lock icon Kernkraftwerke AG
      71 9 Reuter ZURICH: Swiss nuclear Rower company, [ernkraftwerke Lelbstadt AG, will float a 100 million franc 4 per cent 10-year loan on the Swiss capital market, Credit Suisse said as Issuing consortium leader. The company has reserved five million francs of this loan for Investment by its shareholders while
      Reuter  -  71 words
    • Article
      Lock icon KOBE CITY ISSUE
      66 9 Reuter TOKYO: Kobe City said It signed a 100 million mark Eurobond Issue contract in Frankfurt with an underwriting syndicate led by Deutsche Bank. The eight-year, 5.75 per cent bond, the eighth In a series, will be priced at 100.25 per cent to yield 5.704 per cent,
      Reuter  -  66 words
    • Article
      Kawasaki reveals breakthrough
      521 9 r ASIAN l i TOKYO: Kawasaki Steel Corp said it has achieved a major breakthrough In continuous casting technology at its Mlzushlma, Okayama Prefecture Works which, coupled with recent improvement In equipment design makes it possible to continously cast all blooms in both carbon and alloy steel
      521 words
    • Article
      Lock icon Yamaha enters Nigeria
      267 9 Reuter TOKYO: Yamaha Motor Co Ltd said It plans to assemble motorcycles in Nigeria to cope with a Nigerian move to control imports of completed motorcycles and many other commodities to check outflow of foreign currency. Initial assembly will be about 5,000 small motorcycles a month, It
      Reuter  -  267 words
    • Article
      Lock icon CHRYSLER REBUTTS SAFETY CHARGES
      981 9 N AMERICAN L FT CHRYSLER Corporation is not unused to unfortunate publicity. It has learned to live with headline reports of shareholders' resentment at the size of bonuses which its chief executives have paid themselves. It has even appeared phlegmatic about the millions of cars it
      FT  -  981 words
    • Article
      Lock icon TMMC in joint deal
      104 9 AFP TAIPEH: The SWD Company of Holland has signed a technical cooperation project with the Taiwan Machinery Manufacturing Corporation (TMMC) for the production of medium and large dlesel engines. Under the programme, SWD will provide blueprint in design and technical assistance and the TMMC will be
      AFP  -  104 words
    • Article
      Lock icon Associated Hotels
      70 9 Reuter HONGKONG: Associated Hotels announced an Interim dividend of eight cents (same), for the year ending Sept 30, plus six cents cash bonus. Books close on July 13 to 27. Unaudited consolidated net profit after tax and depreciation HK577.03 minion *$12.07 million). A company spokesman said the profit
      Reuter  -  70 words
    • Article
      Lock icon De Beers undigs new venture
      306 9 1 S.AFRICA AFP DE BEERS, the group controlled by mining magnate Harry Oppenhelmer, has announced plans to exploit a subterranean chamber, believed to contain 17 million carats of diamonds, below its old Premier Mine in Pretoria. The company said It had given the go-ahead for
      AFP  -  306 words
    • Article
      Lock icon Union Steel higher
      244 9 FT UNION STEEL Corporation (Usco) profits of which fell sharply in its year to Dec 31 has reported improved trading conditions for the first four months of the current financial year. Profits are well ahead of the comparable 1977 figures. The chairman, Dr. M. D. Marals, told
      FT  -  244 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      40 9 in IWN Paperback V A THE HONOURABLE SCHOOL- HIS LATEST #1 WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME TIME < »n t! 1 1 k-r i «p--ll\l- hi I >I l'< >|< I ;li<i in|> KHi
      40 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1635 10 BH> and offer prices officially listed J™ 1 J*"*"— to and reported to the Stock bchan«e of Singapore yesterday with the ntimber of ihares traded «>own in brackets in IoU of 1,000 wilts unless otherwise specified All Time Settlement Contracts are quoted after the word "sett". Bt« Board
      1,635 words
    • Article
      Government and corporate bonds
      123 10 S 1/4% 18/16/79 (250.000) (101.20B) 4 3/4% 15/9/86 (250,000) (100.258 100 458) (4) 100.28 (2) 100.30 5% IV4/MI (250.000) (100.668 100.758) 5 3/4% T F 15/7/80-83 250,000) (103 006) S V 4% T F 1W1144 250,000) (102 758) 7% IV4/U (250,000) (100 MB 101.058) 7 1/4%
      123 words
    • Article
      Stock options
      105 10 STRIKING price* of the stock options officially luted on the Stock Exchanfe of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. Cold Storage (Sept 81.70) (0.778 0.925). C and C(Sept 82.20)(2.558 2.755): F aad N (Sept
      105 words
  • Article
    SHARE INFORMATION SERVICE
    2516 10 1978 High Low Company Ltd Sale +«rOr'* Div Dir Cvr Gr't Y'M Net P/E Vol (•000) Day High Low SECTION ONE ».< INDUSTRIALS 217 233 172 260 83 245 260 210* 478 454 132 123' 112 195* 60 fc 162 173* 140* 256 394 Acma Alcom Allied
    2,516 words
  • Article
    Unit trusts
    145 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Managers' prtoa a tar July (Comal pi ■leas) The Commerce 2.12 2.25 INCOME BOND 1.07 1.12 The Saving Fund 1.33 1.41 S pore Prog Fund 1 OS 1.1| MARA BUMIPUTRA FUND S'poreSecurlty S pore Invest Fund l.«7 200 128 1 Mxd (Managers'
    145 words
  • Article
    In Kuala Lumpur
    1804 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIAL* AMU (S.ISB) XD. Ajinamata (2.488 2 SOS). Aiaam (2.428) (3 243
    1,804 words
  • Article, Illustration
    Prices hold steady
    675 10 PRICES Md steady on the Stock Exchange of SingePow ysotorday with the koeption of t fow —I—tod stocks. HlrtUndi ud Lowlands which sparked off a general market rally, suffered a sharp reaction to the tremendens galas made oa Toetday. It (ell oa heavy selling preesure from the
    675 words
  • Article
    KLSE finishes on mixed note
    544 10 SHARE prices finished on a mixed note in another moderate trading session on the Kuala Lumpur stock market yesterday. Plantation stocks which were firm overnight winners, were easier after a steady start as moderate profit-taking forced prices of these shares lower. Some afternoon support, however,
    544 words
  • Article
    Alcom plans $10m expansion scheme
    208 10 GROWING demand for aluminium extrusions in both the domestic and export market has prompted the Aluminium Company of Malaysia Bhd. (Alcom) to undertake a MHO million expansion programme, Its managing director, Mr. Dona! P. Crilly, said The expansion programme, which will take up to 18
    208 words
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  • COMPANY NEWS
    • Article, Illustration
      F and N reveals bumper results
      926 11  -  ARTHUR NG TRUE to market expectations, Fraser and Neave yesterday revealed bumper results with group earnings rising by more than 40 per cent for the year ended March 31, 1978. On a near 20 per cent increase in sales to $157.7 million, group pre-tax
      926 words
    • Article, Illustration
      Tong Meng in deeper trouble
      674 11  -  By LOW LEE CHOO THE strong recovery staged by Tong Meng Industries at the half-way mark fizzled out in the second half, dragging the group deeper into the red for the year ended Dec. 31, 1977. From a pre-tax profit of M 5251,393 made at
      674 words
    • Article
      DIVIDENDS ANNOUNCED
      453 11 Current payment Ex Date Book* close Date payable Total for the year Total for previous year S'pore Merlin Eaao(Pref.) Emo (Ord.) UOL Chin Tack Bttu Kawan Duff Dev. PMRI Nat Iron Loan M. Feed mills Acma 5*<b) 7*TE 20*TE 2%<b) 7.5*1 5%I 2 Vi% 15*<n) 3.5*<g) 10*<d) 12*<b)
      453 words
    • Article
      SCRIP ISSUES
      196 11 Company Particulars Ex Date Books Clone Oriental Holdlao Bonus Issue of 1 for 2 Jul 7 'Jul 19 Wilkinson Bonus Issue of 1 for 4 Jul 7 Jul 19 U.M. Floor Bonus Issue of 1 for 3 Jul 11 Jul 21 Great Eastern Life Bonus Issue of 1
      196 words
    • Article
      Commerce and Industry Fund ups gross distribution
      367 11 THE Compare* and Industry Fund, one of the trust funds managed by Singapore Unit Trusts Ltd, has increased its gross distribution for the year ended May IS, 1978 to SU.M per hundred units compared with $10.20 in the previous period. The fund is
      367 words
    • Article
      COMPANY MEETINGS
      91 11 Wilkinson Process Rubber Co. Bhd: AGM to be held at 70, Jalan Ampang, Kuala Lumpur, at 2.30 p.m. on July 18. Metal Box Singapore Ltd: AGM to be held at MacDonald House, 3rd Floor, Orchard Road, Singapore at 10.30 a.m. on July 18. Bukit Sembawang Estates Ltd: AGM
      91 words
    • Article
      Bolton profit jumps 49 pc to a record high
      681 11 THE fairly buoyant property market last year has brought continued earnings growth for Bolton while helping to sustain a profit recovery at Bandar Raya. Group pre-tax profit for Bolton jumped 49 per cent to a record $5.2 million while that for
      681 words
    • Article
      ST Press
      40 11 THE Straits Times Press (1975) has acquired 482,500 ordinary shares at $1 each is Times B«*iness Publications Ltd at a price of $1.34 per share. It now owns 77 per oent of the issued capital of that company.
      40 words
    • Article, Illustration
      Consolidated Hotels may declare a dividend next year
      665 11  -  •r MANO SABNANI LONG-SUFFERING shareholders of Consolidated Hotels may vet see their nest egg hatch as development income from the Peninsula Plaza project starts to flow into their company's coffers.. According to CHL's chairman, Mr. Robert Hsleh Shao-an, a massive $45 million
      665 words
    • Article
      Acquisition of Jamson shares
      275 11 PAN-ELECTRIC Industries has Informed the Stock Exchange of Singapore that Its wholly-owned subsidiary, Anrlte Aviation, has acquired another 55,000 shares In Jamson Aviation and Spares (Pte) Ltd, at a price of $4.03 per share. Jamson is a SingaporeIncorporated company dealing principally In aeroplane spare parts and
      275 words
    • Article
      Two UOB subsidiaries
      62 11 THE United Overseas Bank formed two whotyyowned subsidiaries last week called Unicorn Data Bank and UOB Bullion. Unicom has an authorised capital of 9100.600 divided into 100,000 shares of $1 each while UOB Bullion has an authorised capital of $1 ■Bw divided into one million shares of
      62 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      147 11 Don't let the language barrier stop you from wider contacts m&k n s I \v> Y aB n > X pS± ie& s-xjfe G cV C YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing a
      147 words
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  • Article
    Lock icon World Bank won't borrow in US$
    478 12 Reuter THE World Bank has no plans at present to borrow US dollars In the world capital markets In the business year ending June next year, given current Interest rate levels. World Bank vice president and treasurer Eugeneh Rotberg salds: "Instead the bank's planned
    Reuter  -  478 words
  • Article, Illustration
    Trust receipts denial by banker
    359 12 A BANKER yesterday denied that the Bank of America had deprived Ben and Company Ltd. of the use of Its trust receipts by crediting all of Ben's loan repayments to the company's current account. The denial was made by Mr. Lee Shi Kai, a vicepresident
    359 words
  • Article
    Lock icon Majority of countries not happy with Japan
    253 12 AFP A LEADING Japanese trading company found a majority of the 76 nations it surveyed dissatisfied with their trade relations with Japan. Sumitomo Corp conducted the survey through its overseas trading offices. Only 10 countries, chiefly oil-production West Asian and American countries were
    AFP  -  253 words
  • Article, Illustration
    Lock icon Machinery imports strain US deficit
    1016 12 OIL TAKES THIRD PLACE NYT IMPORTS of machinery and transport equipment and of manufactured goods, mostly from Western Europe and Japan, have overtaken oil Imports as the biggest drains in America's expanding trade deficit. This dramatic shift In the trade pattern appears to be having
    NYT  -  1,016 words
  • Article
    Prophets see dark clouds on 1979 horizon
    232 12 THE UNITED States can expect both a slower economic growth and a faster rate of inflation next year despite a projected Increase of 10.1 per cent In the gross national product. According to the economic forum of the Conference Board, inflation, rising interest
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  • Article
    Lock icon Have routes will buy
    55 12 AFP THE Japanese Domestic Airline (TDA) plans to buy six Airbus A3OO during the current fiscal year, the Nlhon Kelzai Shlmbun reported yesterday. After a meeting with Transport Ministry officials, TDA managing director Isamu Tanaka said that his company's decision would depend on whether the government
    AFP  -  55 words
  • Article
    Lock icon Japanese firms seek riyal loans
    149 12 Reuter JAPAN'S Nllgata Engineering Co Ltd Is negotiating with the Chase Manhattan Bank for a 17 million Saudi rlyal (*****.6 million) term loan to hedge Its credits in the currency against exchange fluctuations. The loan, subject to Bank of Japan approval, will probably be supplied
    Reuter  -  149 words
  • Article
    Adding glitter to our financial standing
    451 12 j A ROTHSCHILDS execuj tlve based in the Far East says that the gold futures market taking shape In Singapore should soon gain international acceptance and will enhance the Republic's role as a financial centre. Mr Paul Myners, managing director of N.M. Rothschild (Hongkong)
    451 words
  • Article
    LONDON STOCKS
    749 12 LONDON, We<l Prices closed lower In thin trading, dealers said. At 3.00 pm, the Financial rimes index was down 1.4 at 451.7 Oovernment bonds finished as much as 3/8 point easier, having Seen 5/8 lower earlier, with investor interest discouraged by f'Mfs over pay claims. Leading industrial were
    749 words
  • Article
    Business tremors in Egypt
    156 12 ARAB AND Western Investors have pumped more than US$l.37 billion (853.15 billion) Into Egypt, but the precipitous cancellation recently of an exclusive half-billion dollar tourist resort project near the Great Pyramids has sent tremors through the local business community. Some fear It will shake Investor confidence
    156 words
  • Article
    Shuffle at the top rung of PSA
    141 12 THE PORT of Singapore Authority will reshuffle senior managerial positions as well as consolidate several divisions. This reshuffle arises from the board's diversification Into warehousing, airport services and convention facilities. It Is the first major change In over eight years, and will take
    141 words
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      529 12 t*e* FROM *ttn» Hoffaeifmi 7 1m Politics and Government in Malaysia J Politics and Government in Malaysia is concerned with the substantial political j J changes that took place in Malaysia after Independence in 1957 and especially j J during the last ten years. Among these are the May 1969
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    SHIPPING TIMES
    4084 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World j The following list tabulates, by port of destination the name of the ship, the shipping Une involved, and the estimated dates bf arrival and departure, from Singapore port. f CanaortiiaM SeaoDateh has a Mat
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      396 13 Regular monthly Express Conventional Sailing To ARABIAN-IRANIAN GULF t >tr further c jll Singapore *****46 Hu.iU Lumpur ***** PortHelan* *****0 Peaan*: *****1 SHIPPIN EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE JUJO KCCTIW CARGO FOt GENOA. UTTUU, BEIRUT. MnMWtl. KNGHAZI. TKtPOU (LIST*) S pan
      396 words
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      337 13 COMPANIA NAVIERA MARASIA, S.A. I n»u containerhip service to wo from iarceiona DISCHARGING MRCEIONA f KtIANG SPORE CHEVAIIER mmu 29 Jww wfT turn Mr 17 L o*ol*6 S PORE P «EUWG MRCEIONA rn it ft* 17 a* LAURO/VICEROY/GLOBAL JOINT SERVICE RtGUUI INWPENDENT MONTHLY DIRECT UIWCt TO INN. LAGOS VtSSCI Aug
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      341 13 LU'S BROTHER CO. S.A. REGULAR UNERS AND SEMI-CONTAINERS SERVICES FROM SINGAPORE TO PERSIAN GULF YUA BUILT CUSS D/W SINGAPORE LOADING FOR 1»7( II 11.714 17/11 IWT DMMM/DVtt KUWAIT IJ7I NX 11, 7* S-7AUGWT DMMAN/OVU OWNEB m KAOHSIUNG LU'S MOTHU CO XX T* *****)4 SINGAPORE AGENT OCUN HAKTHK (PTE) LIMITED ROOM
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      55 13 NOTICES 46 <■ w&m ics Mciai tone lIKNV, %tm 0460® CENTRALIZED Within 24 hours of ship unloading we will speed your shipments, via our lamed transcontinental middle route, to all major USA markets including •and and mini-bridge routings. SMi-l l ft. Cofttwbonl Un««> Poc>4« ftaWtoad Room MS. Too Ho Wg
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      0 13 !!("='\>+%[)=&<-(~^>{~+|$,&;;%|
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      647 14 SHIPPING M^Hapag-Uoyd Lo^o^>xfQOQOOOCO9O*****C99W^ FULLY CONTAINERISED TO EUROPE EXPORTS Spare KaiMH B'havt* Umh U Ham Kowttan B»r KurMuHv* BrtflMn Eipcni Tokyo Bay Cir«fM*<T C*r <* E(hnWf|ti In Port 7/7 30// 1/B 2/8 5/8 10/7 27/7 29/7 30/7 1/8 14/7 16/7 5 8 7/8 8/8 10/8 22/7 24/7 12/8 14/8 15/8 17
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      769 14 a SANKYO LINE| AUSTRALIA SERVICE P Kctong Suppofi Loading far THREE STAR 7/1 )ulj SYD. ME I DIAMOND STAR (ltfCrf) AOfL,MEI.SYD (2nd Call) 12/14 hily 15/16 July FREM. AOEL MEL. JYD YUEMAN 11/19 July 20/21 My DARWIN. BRIS. SYD. MEL BANGLADESH SERVICE IMY 11/19 JULY 16/17 JULY CHITTAGONG. CHALNA GENERAL
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      451 14 SEA tLAND U.S.A./ ASIA SERVICE DRY REFRIGERATED CONTAINER SERVICE SAILING WOT MUMKORY FOR www any. CANADA CARIBBEAN. lAPAN KOREA. TMRMN. HOW KONG. THAI LAUD AND PHILIPPINES 401H FLOOR HONG LEONG BIDG 16 RAFFLES QUAY SI«Gd»ORt 1 Customer Service Book'nf *****?? Terminal ?57' 1 53 *****3? Y'HAMA KOBE KAOSHIUNG FULLY CONTAINERISED
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      918 14 Everett Lines Bana Five Star Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON c B F.S.S.C Agents in Malaysia TEPS MALAYSIA Kelang Tel (38) 7355 Penang Tel. *****/ 6 Port Kelang Tel (38) 7355 Penang Tel. *****/ ***** Compania Argentina Da T|M_>' Navtfaaon Intarcontinental S. A. C.I. F. Mf/ "ARGENTINE
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      341 14 I RI)IM w i 11 Orient Overseas Ca*Uci*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) a/7 n/7 7/1 1/8 14/1 lt/1 23/1 a/8 21/1 31/1 Htart Tim Uw? 27/7 21/7 31/7 2/1 «/l C/l 11/1 13/1 IS/I 21/1 22/1 27/1 21/1 31/1 2/1 4/1 l/| 8/9 11/1 13/1 15/1
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      949 15 □CL Overseas Containers Limrted tmmasm www w/cmrwEiT. H'kur| S'gon P. Kilanf o'iaerk INIIM UT I M 1 M M M MUU WW It M 2T Id nm express is m 11 m > US MA MAIS II M I M TNTI UT a HI M 12 W Tetyt lay HULMI
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      1136 15 Ben Ocean Ajont savKxcfßen LineßkjeFljnnel Glen Line and NSMO TB W/CMTTMRT (Vie tad VipMn p. u>«.( N«Mf (mt Hlimt t. 31/7 My Mly 1/11 Mly Aaf lMOi» L.itot, sei.-s Amsterdam tilbury Hull PBOTISILAUS It/11 My 7/ 0 Aag S Sept l»no»s Bilbao. tortww Ho I. lEXIMOt 23 2) Sep! U
      1,136 words
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      886 15 BEN LINE CONTAINERS 22 Ml Am A* II A«| it A*| n Id' It A* It A* II (11 *4) 11 >q I l<| It Ai| II It Ai| 11 Ai» 24 A* II >K 11 M IJrl I Sfft DIM IStpt A Sift SStfl llwt 11 II Sfft 11
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      1002 15 WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA from f uwi Vessel FRAMCESCA MM MMIUI (UMU 1/ I IHTUMIA i 00-eh Mseiliet Z RtM X Hkii'i 4) ita-1 fUAMtA ruiaKi UUMU Ett»<a FUKI.U AlaH 1 i«l 1) l*rctMa Lihuml I 1) MM, tr J MI. Kin Ml I MIAMI* I (MM I) ImtirOf *li
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      537 15 GUTHRIE BOUSTEAD agenciis THE BANK LINE LTD IMB Fit L t 1 AFIICA TAYBANK iMauritius Retimoa. lt"l tor. Durban. t.1.. PC.. CWMI KUMM M/» M P. M >•! MM M Stwi MIV M v FROM USI SWTI AFRICA FM UallM. BAMU OLIVEIANK Penan* P. MUr.j S oore M/J7 M EXPRESS
      537 words
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      995 16 Kline ofttß KAWASAKI KISEN KAISHA. LTD (VIA SKZ) fey Cartas* Vassals to men S'pore P. Kelang I.Havre H'burg Bremen R'dam A'.etp 1 PAUL 11W SaiM la Part 17 My CORAL SW 11 Jaly 12 My 31 My 1 .J 5* 1 t PEARL IIW M Jaly 21 My I tag
      995 words
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      1071 16 E.C.-U.5.«./ATLMTIC/mF SERVICE ACCEPTING FCtyitt CBNTAINEIS FROM sm P. ULAW. PEMM6 Laatfwf tar: WHIU MW TM«. OALTIMME. NEW MUMS. INtTW Smgaeo" P tela»a« him "A VESSEL" E.C./GREAT LAKES SERVICE Laaßrtf lar NORFOLK, HI TM, MOWTOtAL. IROMTR. UITtMU. IfTttn. CNICAtB M»« Btlama P. UH«f Smwi "S.R. WIST BENGAL" (MS* 14 SCI) ta»»
      1,071 words
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      1006 16 o NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: n ENNPC (VIA SBEZJ* Sport P. tela* S Hampton NMrR Br«* Rdaa CHEVALIER UK SaM H Part 73 M*T HEPTIME CORAH llMf I!W| HM| 5* NCTTWE PEARL 21 My 71 Mr IM| tar CBCVALIER tsn 27My2iMyi4A«iiA*iiM|»Mt LONGKIHC CONTAINER Stat lA*2JA«|27A*2IA*2IAeB IaERCATN 11
      1,006 words
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      592 16 ssm, MALAYSIAN tHTtfiHATIONAL SHIPPING CORPORATION BfPMAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA •est mm •P «nwi V'M'f 1) MJ»IIMK 31 Nk«t( GUf| Alee tctw f«: 1) IvtilMa teeaa. I) AMSterfaM Aatawi i_ *a»ee Bilbao. Baele. M, I) EXPRESS CONVENTIONAL SERVICE TO UKiCONTINENT UNCI MY* 11/11 Mr Sport N/» leU BUNtA
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      712 16 f INTRASEA (PTE) LTD. KMUI INKPCNICNT SOM/FIU. CMTAJNER SOVKS Tl S »f» P. MkWf M»n MM M: ■MU UIMMW Bill »Mj NH •Mr Marg/Bao»/Aowr». -ummt SZgZgZZ MIASM Mil »Mr nMI u** Ttm«k 11/1 tar M Malw 11 muut (PTK) lII.—HMHI-BB**IM «MT h mm wmi"m«u» SSMTIU M?WMSw, WBI/I Kansai Line STRAITS/AUSTRALIA
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