The Business Times, 7 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 FRIDAY, JULY 7, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Park re-elected
      49 1 UPI. SEOUL, Thurs. South Korean President Park Chung-hee was re-elected today, as expected, to his fifth six-year term by the country's electoral college. Mr. Park Is expected to reorganise his cabinet before he embarks on his new term. However, his basic policy lines will remain unchanged. UPI.
      UPI.  -  49 words
    • Article
      Hotels carpeted
      78 1 THE SINGAPORE Tourist Promotion Board has expressed concern at the recent room rate Increase by three leading hotels. A spokesman for the board says that all Increases must be Justified by strong reasons. The three hotels are the Mandarin, ShangriLa and Hyatt. This Is the second raise within
      78 words
    • Article
      Lock icon Rubber output down
      65 1 Reuter. KUALA LUMPUR, Thurs. Peninsular Malaysian rubber output In April fell slightly to 86,290 tonnes from a revised 86,726 tonnes In March and 89,409 tonnes In April, 1977. Statistics Department figures show that April exports fell to 114,728 tonnes and Imports to 3,209 tonnes. Total exports for
      Reuter.  -  65 words
    • Article
      Lock icon Egypt-Israel tour
      65 1 Reuter. TEL AVIV, Thurs. An Israeli and a Cairo tour operator have agreed to run charter cruises between Israel and Egypt through the Red Sea. Mandy's Tours of Tel Aviv had reached agreement with the Emco Travel Agency of Cairo for a regular service between Israel's southern port
      Reuter.  -  65 words
    • Article
      Lock icon Diamond surcharge
      66 1 Reuter. LONDON, Thurs. De Beers Consolidated Mines will reduce the surcharge Imposed on rough diamond at this Monday's sale to 10 per cent from last month's 15 per cent. A spokesman noted the surcharge Is to bring normality and stability to the diamond cutting centres. The rate has
      Reuter.  -  66 words
    • Article
      HK black-out
      50 1 HONGKONG, Thurs. Fire In an electric power sub-station caused a massive blackout In a densely populated district of Hongkong today, trapping hundreds In elevators, stalling electric street cars and leaving thousands without air conditioning In sweltering weather. A power company spokesman said the blackout affected a 8-km area.
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    • Article
      Lock icon Dollar rallies
      84 1 Reuter. LONDON, Thurs. The US dollar yesterday recovered some of the ground lost In a heavy battering on world foreign exchange markets earlier this week. The summit meeting at Bremen where EEC leaders will try to hammer out a plan for currency stability In the Community had acted
      Reuter.  -  84 words
    • Article
      Lock icon Dow Jones
      63 1 UPI. NEW YORK, Thurs. Stocks, which have fallen three straight sessions, were mixed early today as traders made some selective buys. But Investor concern about inflation and an economic slowdown kept trading moderate. The Dow Jones Industrial average was ahead 1.12 points to 806.91 at 1500 GMT. Declines
      UPI.  -  63 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      117 1 Rises Most active PAN 555 +20 Sime Darby 1,870,000 H K Land 530 +20 Haw Par 779,000 Sime Darby 312 +14 ICB 371,000 SentoM 232 12 Harimau 273,000 Spore Bu* 287 11 Total Turnover: 9.19 m Gen tine* 310 10 Total Value: $23.50 m Tractor* 470 +8
      117 words
    • Article, Illustration
      In Kuala Lumpur
      173 1 Rises Most active Jeram Slme Darby Sentosa 2.50 3.18 2.40 +0.20 +0.18 +0.16 S. Darby 1,161,000 Pahang Cons 382,000 Haw Par 372,000 Wearnes Oriental 3.72 3.96 +0.16 +0.16 Cons Plant 319,000 F 4 N 5.60 +0.15 Total Turnover: 5.91 m Talplng Cons 3.40 +0.12 Total Value: M814.68
      173 words
  • Article, Illustration
    Trade deficit may snowball to $6b
    711 1  -  EXPORT GROWTH SLACKENING »y QUEK PECK LIM WITH five months of trade figures already in, Singapore seems set to end the year with a trade deficit of about $6 billion compared with $5.4 billion last year. This will reverse the favourable trend of the
    711 words
  • Article
    ARTIFICIALLY HIGH RATES
    225 1 LOCAL lnter-bank rates have shot up to as high as 15 per cent this week, despite a general belief that the market is liquid. Brokers believe that a handful of banks are creating this artificial situation in the market. Although mid-year is a time when there are
    225 words
  • Article
    Onus of proving charge falls on US union
    487 1  -  »r RONNIE LIM THE Government Is still looking Into charges that it has unfairly subsidised Singapore's textile exports to the US. Sources said, however, that it has yet to receive copies of the charges filed by the Amalgamated Clothing and Textile Workers
    487 words
  • Article
    Lock icon THE DISUNITED NINE
    248 1 AP LbADbfis of the European Economic Community met yesterday In a two-day summit amid deep divisions over ways of averting new world crises in money, trade and politics With West Germany's Chancellor Helmut Schmidt presiding, the nine heads of government hope to chart a common economic strategy
    AP  -  248 words
  • Article
    Buyers in hot pursuit of Sime Darby shares
    279 1 MARKET favourite Sime Darby was in the limelight yesterday when it raced well ahead of moat other counters to bring in its wake a panting hoard of speculative buyer*. After a hesistant start which saw the share taken to the day's low
    279 words
  • Article
    Peking lures cash from overseas Chinese
    381 1  -  •y SON TIANG KENG IN AN apparent drive to lure hard currency from abroad, China has extended fringe benefits to its citizens who get cash from overseas Chinese. Chinese citizens who receive remittances from friends and relatives abroad are allowed to build their own
    381 words
  • Article
    Value of rupiah won't change yet
    117 1 INDONESIA will not revalue the ruplah In the next few days. Finance Minister All Wardana said. Asked about recent speculation in Jakarta of an Imminent revaluation, he said after talks with President Suharto; "Such rumours are not correct. There will be no immediate change
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      7 1 COPIES ANYTHING. FITS ON A TABLE TOP
      7 words
    • Advertisement
      Page 1 Advertisements Column 2
      155 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that all banks offer pretty much the same facilities to their customers. But what makes one bank better than the other is its service. Whether you are opening a letter of credit or you need
      155 words
    • Advertisement
      Page 1 Advertisements Column 3
      68 1 SHIPPING TIMES KL banker defends conservative loan policy 2 AMEX produce* another tramp card 2 PEOPLE in frnrinrw 2 HOLLAND extends ita lifeline to yards 8 A TALE of two cities Singapore and Hongkong f FORUM on 1 John Drysdale GADEK eeeks ACMA expert i up SANYO MEMOPAD 2, CROSSWORDS
      68 words
    • Advertisement
      Page 1 Advertisements Column 4
      97 1 ST SINTAT Rent-a-Car Singapore: *****55. *****5 (Airport) Kuoio Lumpur: *****4 P*nong ***** Kuantan: ***** Catch the super speed special from Oc6 0° Oce-Hagemeyer has a real special from Holland. After tremendous success in Europe and America, the Oce 1700 is now introduced in Singapore. Revolutionary flash exposure combined with Oce's
      97 words
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      Page 1 Advertisements Column 5
      3 1 SEE BACK PAGE
      3 words
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  • TRADE AND INDUSTRY
    • Article
      Banker defends loan policy
      634 2 THE standard of financial reporting and disclosure of business concerns needs to be Improved before Malaysian banks can reduce their emphasis on securityorientated lending. Writing in UMBC's Economic Review on the 'Three Challenges facing Malaysian Commercial Banking" Enclk Rldzuan Abdul Hallm of the banking division of
      634 words
    • Article
      Amex trump card —bottle of brandy
      371 2  -  By RAHIM KASSIM EFFORTS by credit card companies here to increase their membership go on unabated. The latest drive is by American Express. Under this scheme, a member is entitled to a bottle of brandy or whisky for every new member that he successfully
      371 words
    • Article
      Lock icon Ram dispute looms
      151 2 AFP. A NEW dispute with the trade unions is looming following a decision by the Australian federal government to lift the controversial five-year ban on export of live Merino rams. Live ram exports, stopped by the Whitlam Labour government In 1973, are strongly opposed by the Australian
      AFP.  -  151 words
    • Article
      MORE TAXIS ON THE ROAD
      160 2 TAXIS in Singapore have increased to 6,336 in April, 11.2 per cent higher than a year ago. There were 361 new registrations and 102 deregistrations for the month. Another class of vehicles that showed substantial increase is private motorcycles and scooters which increased 8.2 per
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    • Article, Illustration
      Cathay's four new cinemas
      357 2  -  ■r TEO TECK WENG CATHAY Organisation (Pte) Ltd. will open four new cinemas In Singapore over the next 18 months. With these new suburban cinemas, Cathay will be operating 12 such facilities in Singapore. Gala Theatre within the Buklt Tlmah Shopping Centre Is scheduled to open
      357 words
    • Article, Illustration
      New oil may solve a whale of a problem
      321 2 AUSTRALIAN plant exKrts are looking for the st regions to grow the jojoba tree, which produces an oil chemically similar to spermwhale oil. Scientists from the plant sciences section of the University of Melbourne's school of agriculture and forestry will plant
      321 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      215 2 MR. CLTVE Boyes replaces Mr. O. A. Wiseman as Ford's regional manager for the Asla-Paclflc- region based In Singapore. Mr. Sag Chang Khooag, former secretary of the Association of Banks In Singapore, has Joined the Industrial Commercial Bank as manager. Mr. Sng, who had previously worked with
      215 words
    • Article
      A look at other fill materials
      137 2 FUTURE reclamation projects in Singapore will run Into difficulties If other methods of reclamation besides the use of seabed sand are not adopted. A feasibility study team from Japan said this after looking Into the possibility of the use of seabed sand In Singapore
      137 words
    • Article
      Lock icon Unknotting India's garment tangle
      261 2 AFP TOP *US Treasury officials are likely to visit India shortly, apparently to try to unravel an Indian export tangle which has lammed American ports with consignments of garments. Reports reaching Bombay said the US officials felt that the mill-made textile garment quota fixed at 29,000,000
      AFP  -  261 words
    • Article
      MEMO PAD
      448 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, BITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC 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
      448 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      119 2 0 t a. testoni it A A wl l For the man who knows Our male customers don't need to be shown the best. They already know what is the best. They know that Americaya has the finest of imported shoes, which are made of the finest leather available, by
      119 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      598 2 CRYPTIC PUZZLE ACROSS 4 Brownish attire? (6) 7 Check out a plan of an aircraft (8) 8 The way to embrace a woman, mister (8) 10 Nominal deception? (5) 13 Does upset a Little medicine (4) 14 Resent ha ring to look after things (4) 15 Monsoon town (4) 16
      598 words
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  • OVERSEAS
    • Article
      Lock icon Waning Euro faith in US interest rate
      970 3 Reuter AMERICAN prime rates have now moved up to 9 per cent and earlier confidence in the Eurobond market that rates would stabilise at this level appears to be fading. Senior Eurobond dealers In London said that consequently, activity remains depressed in straight
      Reuter  -  970 words
    • Article
      Lock icon Steel firms operating on poor margins
      314 3 Reuter. THE CHIEF of Inland Steel Co., the US fifth largest steel maker, said on Wednesday there may be a need for another price Increase this year if industry costs go up more than expected. Mr. Frederick Jalcks said "There could very well be
      Reuter.  -  314 words
    • Article
      June car output in low gear
      289 3 DOMESTIC passenger car production in the US, slowed by the start of the 1979-model changeover, dipped In June to Its lowest level since mid-winter, the big four car companies reported on Wednesday. Combined output at US car assembly plants totalled 864,122 for the month,
      289 words
    • Article
      Lock icon Kodak will appeal
      125 3 Reuter. EASTMAN Kodak Co will appeal a US district court judgment ordering it to pay US$B7.l million (BS2OO million to Berkey Photo Inc in anti-trust suit. Kodak chairman Walter Fallon said the company believes the court applied an incorrect standard of law to the case and this
      Reuter.  -  125 words
    • Article
      Lock icon CENTRAL BANK RENEWS SWISS FOREX ACCORDS
      279 3 Reuter. A SWISS National spokesman said the hawfr has renewed unchanged two gentlemen's agreement* covering exchange market operations for one year. One agreement calls for disclosure of H—u exceeding US$5 million (5111.5 million) to the Bank of Foreign Exchange. This pact has been extended
      Reuter.  -  279 words
    • Article
      Lock icon Copper producers to cooperate
      264 3 UPI NINE copper producing countries decided on Wednesday to improve co-ordi-nation of their policies concerning increasing production capacities ana investment financing. A three-day conference of the inter-governmental Council of Copper Exporting Countries held in Kinshasa also agreed to "intensify the efforts to defend and promote the
      UPI  -  264 words
    • WORLD IN BRIEF
      • Article
        Lock icon FATTER PAY PACKETS
        656 3 Agencies HONGKONG'S 120,000 civil servants are to get fatter pay packets with an average wage Increase of 8 per cent, a government spokesman. The pay rises, which will cost the taxpayer an extra USS47 million (3*loB million) a year, range from 5 Der cent for top officials
        Agencies  -  656 words
    • Article, Illustration
      Lock icon Shaping up a tax-cut bill to lure votes
      897 3 NYT. WITH rare candour about political purposes, US Treasury Secretary Michael Blumenthal and several Democratic House tax writers are trying to shape a tax-cut bill whose chief virtue, all hands concede, would be Its ability to attract Democratic votes. That appears to
      NYT.  -  897 words
    • Article
      Lock icon American farmland 'invasion'
      513 3 Washington Star. EVEN though half the United States have laws prohibiting or limiting foreign ownership of farmland, actual control over these alien investments is virtually non-existent, according to a study released by the US General Accounting Office. The individual states do not even have efficient methods of
      Washington Star.  -  513 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      111 3 YOU NEED AN INTERCOM YOUR RECEPTIONIST NEEDS AN AIPHONE When you instal an Aiphone In tercom System in your office, your Receptionist can actually stay at the front desk Instead of chasing you down, she can push a button and page Your Receptionist needs an Aiphone for more efficient use
      111 words
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      Page 3 Advertisements Column 2
      167 3 MS fr' *< mm m rv vr*; ••-.->> 1; gWt t3s<* f A 'if r- <i i j. -vX; ?.ir'.>3ri, O r 3?*£S t View of Yihoyuan Summer Palace in winter 2a s® TSINGTAO the No.l beer in China Tsingtao beer. Brewed from the mineral waters from Mount Laoshan in
      167 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      486 4 OPENING prices yesterday were marked up on higher London advices and rose further on speculative buying and covering demand before profit-taking emerged to trim the rise. Thereafter, the market held quietly steady until towards the morning close when prices eased again on upcountry selling, dealers said.
      486 words
    • Article
      SSR AND SMR
      95 4 NOON SSR and SMR prices yesterday: July August HAS (Current Mtk) Iran t* mtk) Buyer* Seller* Buyer* Seller* (cent! iperk*) (cents per k() SSR 20 (1-ton pallet) 212.50 214.50 214.50N 213.50 SSR 50 (1-ton pallet) 210.50 212.50N 211.50 213.S0N MRELB August September SMR5CV (1-ton pallet) 237.00 239
      95 words
    • Article
      Closing prices
      30 4 Rubber: July Singapore: July 229.75 cents (up 1.50 cents) Malaysia: August 233.75 cents (up 2.25 cents) Tin: Mi 1,701 (down Sl9) Official offering: 270 tonnes (up 63 tonnes).
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    • Article
      Duty rates
      62 4 THE Malaysian Minister of Finance has fixed these rates for the period from July 6 until further notice: RUBBEB: 237 cent* a kg. COPRA: M5979.M a tonne PALM KERNEL: *2» 03 a tonne The rates of duties payable are: ReIIaR<C& "cESS: *one cent a pound REPLANTING CESS: 4*
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    • Article
      RAS PRICES
      330 4 Prices in cent* per kilo yesterday: Noon Cloae (per Ulo) (par kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 229 00 230.00N 229.25 230.25N Int. 1 R.S.S. July 229 SO 230.00 229 75 230.25 Int. 1 R.S.S. August 229 SO 229.75 229 75 230.25 Int. 2
      330 words
    • Article
      Coffee
      249 4 ROBUSTA futures In London ended the opening call yesterday slightly steadier £5 to £42 per tonne up from Wednesday night. Turnover was 309 lots. Values rose on dealer buying Interest with biggest gains in untraded deferred Months. Spot July, after a hesitant start, gained £5 while November traded at
      249 words
    • Article
      Cocoa
      197 4 TERMINAL cocoa In London yesterday finished the first call £22 lower to unchanged and steadied In open trading although In extremely thin conditions. Values had been expected to show opening call losses against New York of around £30 or possibly even a £40 limit decline. But chart support at
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    • Article
      Rice
      270 4 PRICES of all grades of White rice, Broken rice and Loonzaln fell US$5 to $10 a tonne yesterday, trade sources said. They said 100 per cent first, second and third class White rice fell $5 a tonne to $432, $417 and $412 respectively, while 5, 10, 15, 20 and
      270 words
    • Article
      Palm oil
      70 4 C.I.r. North European port*. In US di stated. »Uar per ton unJ Ims otherwise LONDON: 1, Nil— Malejrslan 5* ffa bulk per tonne August MOslr MOslr Sumatra 5% ffa bulk June July August September October November deleted una 985 pd 7lMr •42.50/847.SO DdMCMr/SSSpd SuSSS*!* 5 MOpd i65fxi Nigeria
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    • Article
      Produce exchange
      412 4 COPRA, coconut oil In bulk and old and new drums remained unchanged on the Singapore produce market yesterday while pepper and coffee eased. The pepper market remained very dull. New arrivals of Sarawak black and white totalled 274 tonnes. Muntok AST A white and Sarawak white 96 per
      412 words
    • Article
      Straits tin
      263 4 THE STRAITS tin price In Penang yesterday dropped Msl9 to $1,701 per plcul. Despite steadier London conditions, values fell mainly on Increased supplies of tin concentrates from miners, dealers said. But they noted some light buying support at the lower level from Eastern Europe, Japan and US. Turnover
      263 words
    • Article
      Hongkong Comex
      182 4 THE sugar market yesterday closed little changed in continued dull and featureless trading, with 19 lots traded against 10 on Wednesday. Trading was restricted to October and March deliveries, falling 0.02 and 0.01 US cents, respectively. The Hongkong dally Spot sugar price eased 0.10 to 6.55 cents. Sugar
      182 words
    • Article
      SPOT PRICES
      190 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cattaa Yam: China Blue Phoenix 20s 1.730; 32s 2.180; 40s 2.250 (per bale of 400 lbs). Piece Good*: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 36
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    • Article
      Sugar
      290 4 TERMINAL sugar in London yesterday morning opened with on-balance losses of £0.40 to £1.25 per tonne although prices were generally above Wednesday night's depressed kerb levels. Dealers said support was derived from mixed shortcovering after the recent sustained decline. There was no fresh physical news. Both the London dally
      290 words
    • Article
      Soybean
      148 4 A LATE session flurry of local short-covering and strong commission-house demand boosted soybean futures In Chicago on Wednesday, as prices closed at the highs of the day, up 18 to O*US cents a bushef The nearby July sustained a move above the chart support level of US$O.B2 a bushel,
      148 words
    • Article
      Wheat
      98 4 CHICAGO wheat futures staged a full-fledged rally late In the session to close 9*4 to 13 US cents a bushel higher on Wednesday. Btrong commissionhouse buying, particularly of the September and December contracts, touched off local shortcovering, traders said. Much of the market's strength appeared releated to bullish chart
      98 words
    • Article
      Copper
      264 4 COPPER wlrebars In London yesterday finished the morning down £4 all round. In the early pre-market, prices softened under scattered liquidation prompted by lack of follow-through In New York, dealers said, although the lower levels found some covering against modest Continental and Far Eastern physical demand. Three Months traded
      264 words
    • Article
      Silver
      240 4 THE Hongkong silver market yesterday closed 50 HK cents lower at the day's low of HK5246.50 per 10 ounces In thin trading, with turnover estimated at 20,000 ounces. The closing was equivalent to 5.3068 US cents per ounce, slightly higher than Wednesday's New York July closing of 5.2490 cents,
      240 words
    • Article
      Gold
      343 4 THE KILOBAR In Singapore yesterday opened at 8113,800 and ctaied'at $13,712 after a narrow tradlnf range of $20. Trading was quiet. Spot gold for Lonaon delivery opened US$1-00 lower at US$183.20/ 50 in response to the disappointing IMF auction outcome. The market hovered around this level and closed at
      343 words
    • Article
      Lead
      66 4 LEAD ended the morning In London yesterday £2.50 per tonne down for cash and £2 lower for Three Months. Dealers said prices generally remained depressed reflecting'the trend In copper and also on straddling operations linking sales of lead against purchases In zinc. After pre-market business at £315 prices eased
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    • Article
      Zinc
      71 4 ZINC in London yesterday closed morning ring dealings £0.50 down for cash and £0.25 per tonne lower for Three Months. Trade sources said the market, after Initially easing fractionally, attracted some fresh buying orders possibly encouraged by Wednesday's price increase by US producer Asarco. Three Months traded up to
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        529 4 THE US dollar saw some support against the yen on the foreign exchange market yesterday. Although It was traded up in the earlier part of the day, the dollar eased on profittaking with the opening of London, and closed marginally firmer. Opening at 201.70/ 80 against the yen,
        529 words
      • Article
        Asian $ & CD rates
        181 4 Asian CD rates ASIAN currency deposit interbank rates as at close on July 6: WMwy) 7days 83/18 >1/16 1 mUi 85/18 8 3/18 2 rathj 8 1/3 8 3/8 SmUU 811/18 66/16 mthi 9 3/18 61/16 9mUt* 6 1/4 91/8 12 mtha 9 3/8 *1/4 8>. Fn. Dm. (MtMk Prim)
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      • Article
        Discount
        45 4 RANGE of prices offered by diacount bouses on July 6: Overnifbt 3*% Call deposits 3 Mi 3-month Treasury bills 3-month Bank bills 3-month CD A-month CD Om Biiytac 3 3/16 5 5/8 1/1* 1/4 im 33/16 51/2 513/16 61/1 Source: National Discount Co Ltd.
        45 words
      • Article
        MLR
        21 4 THE average rate at whick Singapore banks are currently prepared to lend to their best customers is 7 per cent.
        21 words
      • Article
        Euro $ rates
        126 4 Euro rates FIXED dated Eurodollar deposit rates softened slightly in light trading In London yesterday, partly reflecting some operators' view that US Interest rates have peaked, dealers said. One to Four Months were adjusted up to 1/2 higher at the outset on the loss of the Friday dealing technicality, but
        126 words
      • Article
        London
        226 4 THE dollar yesterday morning traded weaker against the mark and Swiss franc but firmer against the yen In moderate business. In view of the opening of the EEC heads of state Summit, participants were reluctant to take up new positions and trading was lacklustre, said. The dollar traded around
        226 words
      • Article
        Tokyo
        193 4 THE dollar for overnight delivery yesterday closed sharply higher at 202.20 yen, compared with a 201.65 opening and 201.00 at Wednesday's close. The dollar recovered in light late trading on lmSrt covering by Japanese iders and manufacturers following an Initial steadiness reflecting its overnight strength abroad, dealers said. No
        193 words
      • Article
        Hongkong
        133 4 SHORT-COVERING of dollar positions by some banks in a quiet market yesterday added a little strength to the US dollar during the afternoon's trading. The US unit rose to 202.25/45 yen from the opening 201.70/80 and moved up to 2.0560/70 marks from the opening 2.0535/45 opening, dealers said. Sterling
        133 words
      • Article
        New York
        233 4 WITH operators covering short positions ahead of the EEC summit meeting yesterday, the U8 dollar recovered from opening lows In light trading on Wednesday. The mark closed at 48.62/65 cents against an opening of 48.76 cents and Monday's closing of 48.47 cents. The Swiss franc ended at 54.95
        233 words
      • Article
        Zurich
        57 4 ZURICH exchanges closing quotes on July 5: US 1.8067-SOT7 Stf 3.3636-3867 CM 1 .SI 12-4196 O Mk M. 1747-2537 d n si.ns6-c.oiti r rr 40 7006-7508 B rr 5.6674-9631 DKr 32 1677-If 13 N Kr 33.57T7-6035 8 Kr 36 6346-6666 Lit 6 2136-2136 Aua ach 12.2166-2349 Port 3 5795-9667
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      • Article
        Australia/NZ
        51 4 AUSTRALIA and New Zealand exchanges on July 0c AUSTRALIA: OS dollar 1 1626/1 1486 atatUnc 0 6164/0 6123 OS dollar 1.1866 Nlnety-«ay forward bum* rmlaa: Sterling 6 6*07 OS dollar 1.1471 NEW ZEALAND: SUrttnc 0.1646/0.8618 OS dollar 1 0)78/1 0278 Ninety-day airmail buytnc rataa: Sterling o 5764 08 dollar
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      297 4 EAST COAST mi Next to Katong Seavtew Palace/Upper East Coast Road. Located on elevated land in Katong Luxurious split-level houses facing the sea With individual front and rear gardens EAST COAST HILL stands on a 20-acre site off Upper East Coast Road which is about 195 feet above sea-level... affording
      297 words
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  • TRANSPORT
    • Article, Illustration
      Holland's two-year boon for shipyards
      583 5  -  By CHAN BONG SOO THE Dutch government has extended Its generous aid scheme to domestic shipbuilders by another two years aimed chiefly at chanelling orders towards domestic shipyards. The government has also passed a bill providing investment premium to aircraft, industrial plant, property and other
      583 words
    • Article
      LONDON FREIGHT
      108 5 DECLINING rates and dull conditions still characterised the freight markets. The Great Lakes-T. Law-rence-Holland grain rate dipped by 15 cents to U5515.60 (5535.88) and $8.60 (FIO) when Tradax covered a total of 27.000 tonnes aboard the Kara. Norwegian Interests dominated an otherwise static US Gulf grain sector when
      108 words
    • Article, Illustration
      Thai airline tops the global profits race
      381 5 THAI International la now one of the world's most profitable airlines, thanks to Its aggressive sales policy and forward planning of the past two years. For the six months ended March 31, 1978, the airline chaulked up a record pretax profit of $19.7
      381 words
    • Article
      Third-round aviation contest
      764 5 AVIATION leaders of. the Western world are nearlng a series of hard decisions on a new generation of jet airliners to fill huge lmR ending gaps In carrier eets. The decisions will determine how plane makers, In the US and elsewhere, share an estimated US$7O billion (Ssl4l
      764 words
    • Article, Illustration
      SHIPS IN PORT
      510 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altair (0830 after Cang Shan) 19 General Zhdanov (after Curaiacao Maru Palm Sea Horse) 15/16 Everdawn (after Ivan Kotlyasevsky) 47 Gerbera (0600 after Sea Fnterprise) 45 Golden Glory (0830 after King Dragon) 23/24 Green Hope (0300 after lunyo Maru) 40/41 Kawani (2200
      510 words
    • Article
      Lock icon Inquiries flying in for Japan's leasing move
      283 5 AFP TWENTY-ONE foreign airlines have Inquired about Japan's government-fi-nanced leasing of 35 large passenger aeroplanes, new or used, worth about US$l billion (552.3 billion). The Export-Import Bank of Japan has decided to lend foreign currency to three Japanese firms to import a new
      AFP  -  283 words
    • Article
      Lock icon Irano-Hind plans to buy carriers
      190 5 Reuter THE Irano-Hind Shipping < Company, a Joint venture I between the Iranian and Indian state shipping lines. glans to buy seven or eight 1 ulk carriers over the next < five years to handle Iron ore exports to Iran from India. 1 The company's
      Reuter  -  190 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      704 5 ARRIVALS Operator Service Number Local Time From MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN OIA OA 980 1030 HLP SIA SQ911 1035
      704 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      168 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Coll us for youj local or onward reservations 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
      168 words
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  • Article
    Time to coordinate our trade efforts
    691 6 THE MESSAGE contained in the latest set of trade figures Is very clear Increasingly, in our search for markets, we will have to turn our attention to the developing markets of Asia and Africa. At this moment the perception of this need does appear
    691 words
  • Article, Illustration
    Why Singapore welcomed HK's tax bombshell
    1689 6  -  IPiai C3A»t;gH43tTHE TWO FINANCIAL CENTRES ARE IS NOW AN OUTWORN CUCHE By GOH ENG KEE in London MANY bankers In Singapore and Hongkong do not accept that the roles of the two financial centres are complementary. In practice, most bankers in the two centres
    1,689 words
  • Article
    Lock icon FAST FOOD FOR THOUGHT
    665 6  -  By AGNES CHEN,ANGELA TANG UPI. IN A CROWDED brightly-lit fastfood centre, 17-year-old John Chan sank his teeth into a katchupfilled hamburger. Barely munching it, he washed the bun and New Zealand ground beef concoction down with a quick gulp of Coca-Cola and exclaimed: "Hao yeah (Yummy)!"
    UPI.  -  665 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      273 6 fl ■Jl Not a drop is sold Till it is 12 years old Another quality product from S^F ion bar presents Toto 8 His Kids The Jackson 5 of Manila Don 't miss the exciting sounds of Toto His Kids. This band of four brothers and a sister has the
      273 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair Report for 24 hours prior to 7.30 p.m. on July 6 at the airport: Maximum Temperature 32.7° C Associated Humidity 60 Minimum Temperature 24.2° C Associated Humidity 99 Hours of Sunshine 7.80 Rainfall in Millimetres 23.0 Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      252 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee" The Gunfighter with superimposed English/ Chinese subtitles A Mandarin feature film 4.30 Intermission 6.05 Opening announcements followed by Exercise with Gloria 0 6.30 News in Brief 6.35 December Bride The Old Man 7.05 Persembahan Ku (Malay) 7.30 News and Newsreel
      252 words
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  • Article, Illustration
    Japan's Ushiba defends the rising yen
    1189 7 NOBUHIKO Ushiba. Japan's spokesman on international economic matters, predicted early this year that the yen would stay around the then-current level of 240 to the dollar. On Wednesday, however, the yen touched 200.50 to the dollar on the foreignexchange market, coming close to breaking
    1,189 words
  • Article
    STRAWS IN THE WIND
    893 7 WAKE up. Port of Singapore Authority! While their male counterparts whiz around the world on overseas training courses and the like, lady executives in the PSA sit like mournful Cinderellas, at home. Why? Because there Is a quite lnewpllcable internal instruc*t!bn from on high that no
    893 words
  • Article
    Lock icon Mr. Carter outfoxed by Herr Brer Schmidt
    781 7  -  By WILLIAM SAFIRE NYT IF WE are to understand what Is to happen at the Ecosummit in Bonn, where next week, the seven largest non-communist industrial nations are sending their heads of government and finance ministers, we must remember the story of Brer
    NYT  -  781 words
  • Article
    Urea without irrigation is useless
    1084 7  -  FORUM i r ...on Indonesia »y. JOHN DRYSDALE RUNNING through some papers which were read recently at an academic seminar in one of the Asean countries, I came across some comments about the joint Asean industrial project for the production of urea (a nitrogenous chemical
    1,084 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      355 7 Lunch TODAY «OKOH P s m 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 Beast at theJPhlace today. You 11 feast like royalty > OB at the Rang
      355 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      51 7 BnStoW: ffeic Dickens Scene ceiio*% of ■tine eodegc* BrcrtV*€.rs sof Pti rye. lOrvcs) OVER THCCHRiSTrnRS ffeCiOD )KI -rue U*nc TRP»DC HW£ PICKSED UP P>ND PfcOSf LOOKING DeciDeoLV Roe p\sses id ***** CO7JU ujhos sft=P\*.irtG? f*Hf SIR Ree>mf\LD CHtsreßffetftzys N|£S tnfVßtn VJHPtT? U)HfYr?USHf\AT? Nou ux>J'T fee tsfceDiMG- too of\EAr4 HO OKDCR?
      51 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lack of interest pulls prices lower
      544 8 EUROPEAN MARKETS SHARE prices in Amsterdam closed mostly lower In quiet trading on Wednesday, due to lack of Interest. Hoogovens closed unchanged in otherwise easier Dutch Internationals. KLM rose over six guilders on its announcement of -favourable profit prospects. •j Weak shares Included Nedlloyd.
      544 words
    • Article
      Amsterdam
      225 8 JULY OS Fls ABN J64 00 unch Ahold 103 00 +0.2 AK/O 28 80 -0.4 AMKV 81.70 1.1 1 Am fas 104 00 uncr. iliirol Bank 75.50 unch Ht-rgoss 54 50 -0 3 H.rk 91.10 -0 7 HUN 70 00 -0.5 Boisumij 158 20 -0 8 Hurhniann 71 80
      225 words
    • Article
      Paris
      285 8 JULY 05 Frs CORBEILLE Air-Llqulde 298 •fl B S N Gervals Danone 531 +6 C S F (Thomson Csf) 262 +3 Cle Francaise des Petroles 129 10 -4.9 Compagnie Financiere Compagnie Gene rale 347 -2 Credit Foncter De France 343 +5 Hachette (Llbralrle) 231.50 +2.5 Machines Bull 39 80
      285 words
    • Article
      Milan
      96 8 JULY OS Lire Anlc 96.75 1 Assoc Gen ***** ♦270 Bastogl 450 +4 Central? 3680 15 Flat 1817 +29 Flnsider 118 25 +7.5 Gen Immob 72 unch IFI Prl 2250 +62 Italcementl ***** unch Italgas 686 -3 Italslder 235 15 Magneti M Pt 510 10 Marelll Ere 308 10
      96 words
    • Article
      Frankfurt
      238 8 JULY 05 Dm Aef-Telefunken 77.70 -0 1 Akzo 26.40 -0 8 Allz Leben Allz Vers 475 -2 BASF 128 90 +0 1 Bay H T Wbank 290 -2 Bay Vbank 318.50 -2.3 Bayer ***** -1 BBC 308.50 -4 BMW 245.00 -3 5 Cassella 378 15 Chem Verw 253 Commerzbank
      238 words
    • Article
      Brussels
      93 8 JULY 05 FYs FORWARD MARKET Acec 315 -4 Arbed 2340 -30 Astur 596 -6 Brascan 460 -5 Bru-Lamb 1510 unch Canpac 544 ♦2 Cock 457 U De Beers 188 -2 Ebes 2250 -5 Electrobel 6550 10 Ob-Inno-Bm 2210 unch Gev 1292 unch Hobok 2310 unch Petro J690 +5 Ryl
      93 words
    • Article
      Zurich
      180 8 JULY M Francs Actions Sulsses 264 -1 Alusulsse Br 1240 -15 Alusulsse Reg 510 -60 Brown Boverl Br. 1635 •5 CibaGelgyBr 1105 -S CibaGelgy PC 825 Ciba Oelgy Reg 581 I Credit Suisse Br 2160 unch Credit Suisse Reg 408 ♦2 Elektrowatt Br 1730 -10 George Fischer Br 690B
      180 words
    • Article
      Lock icon Peugeot record
      51 8 AFP PARIS: The Peugeot motor firm set a new monthly record last month, 81,700 cars rolled off the assembly lines. Sales, at 83.400, also hit a record high. Production in the first half of this year was 7 per cent up, compared with the similar period last year.
      AFP  -  51 words
    • Article
      Selected indices
      61 8 FINANCIAL TIMES Tuesday 112* to 112% INDUSTRIALS H.K. HANG SENG Wednesday 452.0 Thursday 582.67 Tuesday 453.1 Wednesday 574.72 Week Ago 455 3 W eek Ago 548 56 DOW JONES AVERAGE SYDNEY INDUSTRIALS INDUSTRIALS Thursday 425.20 Wednesday 425.14 Week Ago 422.07 Week Ago 810.91 ALL ORDINARIES LONDON DOLLAR Thursday
      61 words
    • Article
      Jo'burg
      310 8 JULY Rand INDUSTRIALS A Alpha 124 unch Abercom IT? 4-2 AE And CI 270 +5 AMIC 1020 10 Barlows 417 17 Cg Sugar CNA SOS 170 4-5 •S Curne Finance 77 -3 De Beers Ind Edcon 220B Edgars 2750 Eveready 175B ♦5 Fed Volk IAS 5 Fuglt 83 Gardlan
      310 words
    • Article
      Toronto
      269 8 SHARE prices closed sharply lower in active trading on Wednesday. The composite Index fell more than five points with decltnes In 11 of Its 14 component groups. Advances outpaced declines 253 to 177. Ashland Oil Canada gained 31/8 to 27. Its US parent said It has received "serious expressions
      269 words
    • Article
      Lock icon Blue chips active
      585 8 TOKYO Source: DBS-Daiwa. THE NIKKEI Dow Jones average continued to rise yesterday since institutional Investors actively bought blue chips. Both volume and total sales value were large. In the morning session, the market opened firm centring on light electrical and precision machinery issues, since the yen exchange
      Source: DBS-Daiwa.  -  585 words
    • Article
      Lock icon Hongkong
      409 8 Source: SHK Sec AN article in two leading Asian journals concerning the Bank of China's new powers to deal in stocks and shares, bonds, commodities. silver, gold, foreign exchange and real estate as they see fit using "capitalist" methods, caused the market to move sharply better yesterday This was
      Source: SHK Sec  -  409 words
    • Article
      Bangkok
      270 8 THE stock market closed mixed to higher yesterday. Dealers said the Book Club index rose 0.03 point to 1M 21 for a turnover of 38.7 million baht. In banks. Slam Commercial rose 10 baht to 705 while Bangkok Bank, Bank of Ayudhaya and Thai Farmers Bank were unchanged at
      270 words
    • Article
      Manila
      157 8 THE MARKET closed mixed with commercials advancing slightly while minings and oils declined yesterday. Turnover fell to 8.97 million pesos from Wednesday's 7.85 million. PLDT and Meralco gained three and four points respectively, while other commercial issues rose slightly. Leading mining and oil Issues fell slightly while others remained
      157 words
    • Article
      Sydney
      363 8 SPECULATION about a handful of stocks yesterday featured in an otherwise lifeless session. Rumours of a fresh takeover offer for Coal and Allied led to It adding two cents to A 54.50 and Howard Smith, which owns some 50 per cent of the Issued capital, rose 10 cents to
      363 words
    • Article
      CHICAGO BOARD OPTIONS
      1478 8 July 5 VOLUME on the Chicago Board Options Exchange rose to 103,411 contracts on Wednesday from 47,444 on Monday. OPTION JLY OCT JAN STOCK Alcoa 40 1 1/2 3 UNTRD 41 Alcoa ti 3/18 11/4 UNTRD 41 Alcoa SO 7/18 UNTRD 1 41 Am Exp 30 UNTRD
      1,478 words
    • Article
      Stocks retreat
      1104 8 NEW YORK STOCKB on Wednesday retreated In the face of a gfoomy outlook for the economy and Inflation and further weakness in the dollar. A late rally attempt failed to gain momentum. The Conference Board forecasts real economic growth of only 3.3 per cent next year, off from
      1,104 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      150 8 The Love of nese ooking :v y 'b "5 .V Kenneth Lo > v < C. v k>: >' Jli ifjf, J f > t'/, a VX- *ff- x# I*W ■%'s£•&■&& «r. Kannoth Lo, tfta weK-known ChlntN cookory writer, introducoa tha nadir to lha tochnfquaa of Chinooo cooking, and ghroo
      150 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon BAT Industries expects profit to fall short
      861 9 EUROPEAN ■T. MAINLY REFLECTING heavier interest and tax, net earnings at BAT Industries for 1977-78 are expected to fall slightly short of the £210 million achieved in the previous year. In the six months ended March 31, 1978, group operating profit showed an
      ■T.  -  861 words
    • Article
      BP facilities delayed
      96 9 LONDON: The British Petroleum Co Ltd's terminal at Sullon Voe in the Shetland Islands will be ready to receive crude oil when the oilfields In the east Shetland Basin come on stream, probably in late 1979. A BP spokesman however, said, completion of gas treatment facilities will
      96 words
    • Article
      Lock icon Andritz ups payout
      275 9 FT THE LEADINO Austrian engineering company, Maschinenfabrlk Andritz, Is Increasing Its dividend by one per cent to 7 per cent for 1977 and maintaining shareholders' bonus at one per cent. Capital Is to be Increased by Sch 25 million to Sch 125 million. Incoming orders In the
      FT  -  275 words
    • Article
      Lock icon Husky suitors drop out
      742 9 N AMERICAN NYT HUSKY OIL Ltd, shares of which reached a peak of 47 when it had three suitors, has cooled a bit now that Petro-Canada and Alberta Gas Trunk Line have said they do not plan to make bids for the company. At the moment,
      NYT  -  742 words
    • Article
      Lock icon Global seeks listing
      321 9 FT GLOBAL NATURAL Resources Properties (ONRP), the last surviving offshoot of the Fund of Funds (FoFl the flagship of Bernle Cornfield's failed I OS empire, has begun looking at the possibility of seeking an unofficial listing for Its shares among some of the world's leading stock markets.
      FT  -  321 words
    • Article
      Lock icon Ley land fights against falling sales
      223 9 AFP LONDON: British Leyland has revealed some of the details of Its first new car since chairman Michael Edwardes ordered a big revision of the range of models in the autumn to fight against falling sales. The newcomer is a completely rejigged version of
      AFP  -  223 words
    • Article
      Lock icon CAPPER PASS FAILS TO SOLVE DISPUTE
      112 9 Reuter LONDON: A meeting between the employers ana the union at the Capper Pass tin smelter in Hull failed to agree on a solution to the dispute over shift pay. A union spokesman said the final stage of the agreed disputes procedure, a meeting
      Reuter  -  112 words
    • Article
      Lock icon Grand Union woos Colonial Stores with US$115m offer
      375 9 FT GRAND UNION Company, the ninth largest supermarket chain In the U.S. and a subsidiary of Sir James Goldsmith's Cavenham (USA), has made a US$ll5 million offer for Colonial Stores, a leading grocery chain In the southern states. If successful, the merger
      FT  -  375 words
    • Article
      Lock icon INLAND, TIME MERGER
      184 9 FT THE executive committee of Time Inc. and the board of Inland Container Corporation have approved definitive agreements for the merger of Inland, a manufacturer of corrugated containers, into a whollyowned subsidiary of Time Inc. The merger, first announced on May 19, Is still subject to several
      FT  -  184 words
    • Article
      Lock icon Mitsui group takes Nippon stake in Sky Alum.
      307 9 f ASIAN UPI TOKYO: The Mitsui group companies will acquire most of Nippon Steel's share of Sky Aluminium, an aluminium fabricating company. In a large scale reorganisation of part of the deflcltrldden Japanese aluminium Industry. The Mitsui companies Include Mitsui Aluminium, a
      UPI  -  307 words
    • Article
      Lock icon Hitachi substations to Boston
      154 9 AP AFP TOKYO: Hitachi Ltd, a leading Japanese general electric and electronics producer, said it has signed a US$l7 million contract to supply power substations to be used for a subway in Boston. Massachusetts. The contract, signed with the Massachusetts Bay development authorities of the United
      AP; AFP  -  154 words
    • Article
      Lock icon Tai Cheung Properties
      67 9 Reuter HONGKONG: Tal Cheung Properties Ltd: said consolidated net profit came to HKSS2.B million ($36.56 million) for the year to March 31. Final dividend six cents (4-1/2). making total nine cents (seven). Profit before extraordlnary loss of $9.80 million on ship sales. The company forecasts that the
      Reuter  -  67 words
    • Article
      Lock icon Big Three sugar producers face bleak prospects
      719 9 S AFRICA FT SOUTH AFRICA'S "Big Three" sugar producers, C. O. Smith Sugar, Huletts Corporation and Tongaat, all achieved record profits from their sugar Interests In their financial years just ended on March 31. They produced respectively 37 per cent. 35 per cent
      FT  -  719 words
    • Article
      Lock icon Sigma-Peugeot takeover
      164 9 AFP THE South African Sigma Motor group announced that It was taking over trie local subsidiary of the French Peugeot Motor Company as from next January 1. The takeover will turn Sigma, in which South African mining magnate Harry Oppenhelmer has a controlling stake. Into South Africa's biggest
      AFP  -  164 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1661 10 BID and otter prices officially listed and business In and reported to Ute Stock Exchange of Singapore yesterday with the number of mams traded shown tn brackets m lots of 1.000 units unless otherwise mectfled. All Time SetUemsnt Contracts are quoted after the word "sstt". Big Board dsai
      1,661 words
    • Article
      Government and corporate bonds
      57 10 S% T F l/VH (250,000) (12) 100 45 7 1/4* 11/4/84 (250,000) (100.SOB) 7 1/4% li/lt/M (250.000) (100.75B) 7 1/4% 1/8/87 (250,000) (100.75B) S 1/2% T F IWR (250,000) (100.458 100.006) t 1/4% T P 1/W7 (250.000) (100.278 100.378) 1/4% T P IWK-ff (250,000) (100.278 100.378)
      57 words
    • Article
      Stock options
      111 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. Cdd Storage (Sept 11.70) (0.778 IMS) C and C (Sept 42.>0) (2.SSB 2.705) F and
      111 words
  • Article
    SHARE INFORMATION SERVICE
    2527 10 Gr'» Net 1978 La»t Dhr DW Y'ld P/E Vol Day High Low Company Sale +or- Ctt (••00) High Low SECTION ONE INDUSTRIALS 217 132 Aetna 216xd +1 12.ON 1.3 5.5 23.4 17 217 214 233 123* Alcorn 233 10.0 2.2 4.2 17.2 172 112 Allied Choc 157
    2,527 words
  • Article
    Unit trusts
    142 10 SINGAPORE UNIT TRUST INCOME BOND UNIT l*hum' price tar Jaiy T) (Cmnt Pi few) The Commerce 2 14 2.27 INCOME BOND 1.07 1.12 The 8avtnf Fund S'pore Prof Fund 1.34 142 1.06 1.12 MARA BUMIPUTRA FUND S'pore Security Fund 198 2 10 First Bumlputra 2.86 2.93 S'pore Invest
    142 words
  • Article
    In Kuala Lumpur
    1825 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. INOWBTRIAI* Ajlnamata <2 4SB 2.608). AJaam (2.408 2 428) (1) 2.40. A
    1,825 words
  • Article, Illustration
    Gains ahead of losses on balance
    684 10 SELECTIVE trading ruled on the Stock Exchange of Singapore yesterday. While moat counters hovered •round their overnight levels, attention on a few saw good gains posted. The morning's main feature was the Industrial and Commercial Bank whoee five million shares were offered to the
    684 words
  • Article
    Kuala Lumpur ends steady
    529 10 SELECTED stocks were bullish In a slightly cautious market at the Kuala Lumpur stock exchange yesterday. The closing tone was steady. A handful of market favourites again accounted for the bulk of trading and generally finished at their best levels at the final bell. Gains were
    529 words
  • Article
    COMPANY MEETINGS
    139 10 Sanyo Industries (Malaysia) Bbd: AOM to be held at Regent 7, 2nd Floor, The Regent of Kuala Lumpur, at 10.00 a.m. on July 14. Wilkinson Process Rubber Co. Bbd: AOM to be held at 70. Jalan Ampang, Kuala Lympur, at 2.30 p.m. on July 18. Metal Box Singapore
    139 words
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  • COMPANY NEWS
    • Article, Illustration
      Acma expects to preserve its strong recovery
      1207 11  -  «y ARTHUR NG AFTER managing to stage a good recovery in the second naif of last year, Acma Electrical Industries ex- pects this trend to continue strongly into the current |year ending Dec 31, 1978. The company made a jpretax profit of $2.1
      1,207 words
    • Article
      UMRE sells shares
      128 11 THE United Malacca Rubber Estates, In its reply to the Kuala Lumpur Stock Exchange, said that it sold 1.29 million shares of Its 5.15 million share Interest In Consolidated Plantations through a local broking firm, Messers. Chua L Company. The names of the purchasers were not known.
      128 words
    • Article
      TIMURAN ON THE LOOKOUT
      713 11  -  ■y DAVID CHOW TIMURAN Holdings, In a bid to diversify from Its traditional trading activities, Is on the lookout for Investment opportunities. Chairman Tunku Tan Sri Mohamed bin Tunku Besar Burhanuddln discloses In the 1977 annual report that the group will actively seek out avenues for
      713 words
    • Article, Illustration
      Optimistic signs on the horizon at Harper Gilfillan
      687 11  -  »y SUSAN BEVAN THERE appears to be hopeful signs that the long dull Sitch at Sharlkat Harper llflllan, the large trading and manufacturing concern, Is at last coming to an end. Despite the dull trading performance in 1977 reported in the preliminary
      687 words
    • Article
      Plans approved by authorities
      176 11 SHARIKAT Harper GilAllan hat reached agreement with the Malaysian authorities on iU plans to comply with the New Economic Policy. However a company spokesman said that it would be two years before Harpers could put them into effect. The large trading and manufacturing group announced in
      176 words
    • Article
      UOB BONDS
      30 11 UNITED Overseas Bank announced that it has; Repurchased from the Ofpen market unmatured coupons worth U*****,000 from its US$3O million convertible bonds which will be maturing in 1988.
      30 words
    • Article
      C. Lyonnais
      39 11 CREDIT Lyonnais '.&as declared the third Interest period from June 24 1978 to Dec 23, 1978 for its US$3O million floating rate notes. The amount of the third coupon payable on Dee 27, 1978 will be U5547.66.
      39 words
    • Article
      DIVIDENDS ANNOUNCED
      461 11 Current payment Ex Date Books cloae Dace payable Total for the year Total for previous year S'pore Merlin Esso (Pref.) Esso (Ord.) UOL Chin Teck Batu Kawan Duff Dev. PMRI Nat Iron Loan M. Feedmills Acma 5%<b) 7%TE 20% TE 2%(b) 7.5%I 5%I 2*% 15%(n) 3.5%(g) 10%(d) 12%(b)
      461 words
    • Article
      SCRIP ISSUES
      186 11 Company Particulars Ex Date Books Close Oriental Holding* Wilkinson U.M. Floor Great Eastern Life M. Floor Straits Trading Sin Heng Chan Pegi Malaysia M 'sia Feedmills Lien Hoe Seatosa Plywood Synthetic Resins Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Bonus Issue of 1
      186 words
    • Article
      Gadek makes its application for listing in KL
      737 11 AN application for listing on the Kuala Lumpur Stock Exchange has been made by Gadek Malaysia Berhad (GMB). This is the pcoduct of a reconstruction s<*heme to change the domicile of Gadek Malaysia Ltd (GML) to Malaysia which took place in a
      737 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      196 11 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more
      196 words
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  • Article
    Sanyo to make microwave ovens here
    339 12 SANYO Electric Company plana to make microwave ovens In Singapore. A spokesman In Japan says this move Is to avert the Impact of the yen's appreciation against the US dollar which has made Japanese exports more expensive and less competitive. The manufacture Is to
    339 words
  • Article
    How Aseam sold Ben's shares
    734 12 A DISTRICT court heard yesterday how a merchant bank began selling Ben and Company shares pledged to it by Joyce Investments Pte. Ltd. when it became apparent that the company was unable to repay its outstanding debts. The former managing director of the Asia and
    734 words
  • Article
    LONDON STOCKS
    703 12 LONDON. Thurs. Share prices eased and government bonds remained firm In quiet overall trading, dealers said. The firm trend In equities was reversed following GEC final profits announcement which gave no indication of an extra dividend payment. Other leaders generally ended a few pence lower on balance. At
    703 words
  • Article
    Miners call for tougher stand
    790 12  -  K.L. MUST SPEAK OUT By KADIR JASIN in Kuala Lumpur DISAPPOINTED with the uncompromising attitude of major tin consumers, Malaysian producers have expressed the desire to see Kuala Lumpur taking a firmer stand in international forums commencing with the forthcoming International Tin Council quarterly meeting
    790 words
  • Article, Illustration
    Hint of recognition
    256 12 VIETNAM'S Vice-Foreign Minister, Phan Hlen said yesterday in Tokyo that his country is ready to discuss with the Association of South-east Asian Nations proposals for a "zone of peace and neutrality." Japanese government sources quoted him as telling Prime Minister Fukuda. Mr. Hien said that if Vietnam
    256 words
  • Article
    Lock icon Tourism — the hope
    319 12 Tourism the hope Reuter. TOURIBM could become the single most important economic activity In the world by the year 2 000. according to an analysis cited in a United Nations report Just published. The document, prepared by the World Tourism Organisation, said It is perhaps too optimistic to endorse the
    Reuter.  -  319 words
  • Article
    SIA cuts London airfare
    171 12 SINGAPORE Airlines has reduced Its air fare to London In response to the recently announced low fares introduced by British Airways. A reduction of $163 for both one-way and return tickets came into effect on Wednesday. A one-way ticket now costs $816 (previously $979) and a
    171 words
  • Article
    Lock icon It won't be easy for China
    315 12 Reuter, AFP. CHINA'S 10-year state plan (1976-85) to step up Imports will be difficult to fulfil, the West Oerman Institute of Economic Research believes. It said In Its weekly report, published In West Berlin, that the speed-up presupposed an upswing In exports, which, It
    Reuter,; AFP.  -  315 words
  • Article
    Lock icon If you can't beat them, win them over
    273 12 AP. THE UNITED Stales will persuade its trading partners to adopt environmental and workplace standards comparable to its own rather than relax such standards so that US manufacturers can compete with their foreign counterparts. The chairman of the House banking committe says
    AP.  -  273 words
  • Article
    Cable link with Manila
    64 12 THE underwater submarine cable linking Singapore and the Phlllplnes becomes operational next month. This marks the first stage in an eventual network which will link all the Asean countries by 1982. The $116 million Phllsln cable system which will be officially Inaugurated In September will speed
    64 words
  • Article
    Lock icon Gold less bright after IMF June auction
    519 12 Reuter. GOLD fell in Hongkong yesterday following a slightly disappointing International Monetary Fund auction In Washington. The main disappointment was the second lowest ever number of ounces bid for, 797,200 ounces, compared with 1,072,000 at the June auction. Gold closed yesterday morning In
    Reuter.  -  519 words
  • Article
    Lock icon Waldheim appeals to summit leaders
    479 12 AFP, AP. UNITED Nations Secretary General Kurt Waldheim has urged participants in the July 16-17 Bonn seven-nation economic summit to bear In mind their responsibility towards the world economy and the developing nations. Opening the summer session of the UN Economic and Social Council (ECOSOC)
    AFP,; AP.  -  479 words
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      3 12 Leader Page 6
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      176 12 ONE GOOD PUBLICATION THAT'S worth a thousand watts II you're into hi-fi, you'll certainly enjoy raiding The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve his listening pleasures. Wouldn't it be worth your while to make a mere
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    SHIPPING TIMES
    2993 13 MHHWIE A guide to ships loading at Singapore for Ports around the World The following lUt tabulates, by port of destination tht name of the ship, the shipping line involved, and Um estimated dales bf arrival and departure.from Singapore port. t Consortium ScanDntch has a Joint service arrangement
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      370 13 Scan Dutch V Fast and Regular Service To/ From N.C. /SCAN/W.MEDVAJ.K. Singapore: Tel. *****, Port Kelang: Tel. *****1. Kuala.Lumpur T «H. *****, Penang:Tel.6ol76 EVERGREEN LINE (EVERGREEN MARINE CORPORATION! FAB EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE U.SO ACCEPTING CARGO FOR: St HO*. LA TT ARIA, BEIRUT. BENGHAZI. TRIPOLI IIIITI)
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      308 13 U J SHARJAH SHIPPING CO LTD (UNITIO ARAB t M DATES M fIHLI SHIPPinG LID€ (UNITED ARAB EMIRATES) GULF SHIPPING LINE (UNITED ARAB EMIRATES) 01 Nf HA AGENTS bB A jEN' SHARJAH SHIPPING tS) PTE LTD ORIENTAL SHIPPING CORPORATION ■>«h Floor Kheng Hot Bldg KUALA LUMPUR T(l ?06IV 34 Ph.lip
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      369 13 S Seatrain Lines Inc (USA) Trans-Pactfic Service Full Container Service to USA FEEOEIVU J'fOKf *OTHE»VSL M* OA* LA GULF C/C A VESSEL SmITM tmkm 17/7 VI M/l 17/1 1/7 Hi A VESSEL IV7 SwtriM M/ 7 15/1 17/1 »/l 21/1 21/7 Cancer* Ml Full Container Service from USA MOTHER VU
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      391 13 MALDIVE LINES MALDIVE IMPORTER ETA S PORE ETA-PT KELANG ETA-PENANG LOAOING FOR KARACHI 8/7 REGENT LIBERTY 14/7 DISCHARGING FROM BOMBAY MADRAS/ NAGAPATINAM AND LOADING FOR KAOSHIUNG/BANGKOK Seaward Shipping 4 Trading Co (S) Pte Ltd 1711 International Plan Anson Road Singapore 2 Oriental Shipping Corporation Hai Thong Shipping Oriental Plaza (10th
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      178 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel. *****, Port Keiang: Tel. *****1. Kuala Lumpur Tel. *****, Penang Tel ***** NOTICES EVERETT STEAMSHIP CORPORATION S/A s/s "Johneverett" Voy. 46-W ARRD: 2.7.78 P.S.A. GDNS. 27/28 General Survey on damaged cargo discharged ex the above vessel will
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      773 14 rage it SHIPPING FULLY CONTAINERISED TO EUROPE EXTORTS Spin MiM| H'tort Bha««ißdam LtHam ftHfami Maw Brtmw Etprtsi toMMtT Car*f*i tri o*l ot Edmtarf* TfcamsMara 22/7 24/7 n/i 4/8 6/8 11/8 12/8 15/8 18/7 19/8 21/8 27/7 29/7 30/7 1/8 5/8 7/8 B'B 10/8 12/8 14/8 15/8 17/8 19/8 21/8 22/8
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      792 14 [gSANKYOLINE AUSTRALIA SERVICE P.Ktlang Swgao«rt LMdinffw: THREE STAR 1/9 M» S*D. MEL fS S |/SWy «Ki MEL.SYD !£h5Q IVWr M!l* f,£ XllW UtUhH 11/19 July 20/21 My DARWIN. BRIS, SYO. MEL BANGLADESH SERVICE ;olf li/muir u/vmr cwntcont, chum GENERAL AGENTS CONTAINER BOOHING LOAD AGENTS P KELANG PENANG OCEAN SHIPPING I
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      528 14 SEA mLAND U U.S.A./ ASIA SERVICE O*T RIFRtCfAATEO CONTAINER SERVICE SAILING EVERY CAM OA CARIBBEAN, JAPAN. KOREA. TAINAN. HONG WHS. IHAtLAWO AND PHllimniS 40TH FLOOR HONG LEONG BIOG 16 RAFFLES QUAT SINGftPORE Cuitome, S*f»ic« Booking 2725??? Terminal *****37 FULLY CONTAINERISED SERVICE 60 on« better to the Middle East PRIORITY BERTHING
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      833 14 Everett Lines \mgk Burmt Fhrt Star Shipping Corpn. v|Bk "BURMESE NATIONAL LINE" LOADING FOR RANGOON X|| MMOMn (tact) 6JO2PP/BJ B F.S.S C Atents in Malaysia TEPS MALAYSIA Port Kelang Tel (38) 7355 Penanf Tel. *****/ ***** *V. Compania Argentina Oe T Na vefacion Int or continental S. A. C.I. \fM,'
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      297 14 <sp> I \K I) I\ I I \H Orient Overseas CcwlaUteA Line FULLY CONTAINERISEDSERVICE TO EUROPE (VIA SUEZ) Vim PJUNai Salaa iaMa*n mmt rta A. NEPTUNE COtAl IN 11/7 12/7 21/7 11/7 2/1 4/1 < NEPTUNE PEAIU. INN 21/7 21/7 7/1 l/l 11/1 IVI 1 MEICATOH 7H OMENTAL CHIEF 1M
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      1177 15 -TT QCL Overseas Containers Limited GRMTATMRSIIP SERVICE TO IK/CONTINENT: lIEMCN (INKS mt CITT OP EOIMI TWni MAM it—A lA> Hlvrt S'DOre P. Kelan| D'mark Brem I Jit I 111 N 111 IMI It M 27 Jll Jll is mi i *«t i *n II M > ta| I ta| 22
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      1308 15 Ben Ocean Ajctntsennce of Ben Line Blue Fhnnel den Line and NSHO T8 81/ CONTINENT (Tit Ban) S-npgort P. bi*| Ptntnf HMItN C. Jl/7 Jily 10/11 PROTESILAUS 11/11 Inly 7/ Am OENMNOR 21/25 Stpt lENCRUACHAN 71 22 Oct 7 An Jeddah. Lisbon Ltuts. Tilburj, Mull. 5 Stpt Leuoes. Bilbao. Amsterdam.
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      906 15 FH BEN LINE LOOTED tun m -2 mi 11 taif is mi W »»u **n*m ater, Eipress II l«iy II Jal' 22 Mi j» *Jl 14 ■nu Mara 21 lli n Jaly II Ml I*n 1 *«8 J *J T Inlm Bey n j«|y lAm <Am 1 *»B '•I M
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      1053 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Faeaer htm P. (eiani Vessel FRANCISCA b>IM kOteiCi* tUAMRA JVTIANBIA francisca u i mtHU ii/ "i" FRANCISCA 11/ 2 SEUNII HEANBRA 1/ FRANCUCA 11/ t ,M S'pora L Mseil.es a IM X I t/ 1 >1/1 I 11/1
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      506 15 GUTHRIE BOUSTEAD ncZTis THE BANK LINE LTD LMBS FM E. I S. AFUCA YAYBANR (Mauritius. ■§—iw. lenntef. Onrbaa, tL. P.t., Capetoamj Kiantan It/M M P Relani tlfW M S'pore B/H M fmh (ui a bmv* «w f" umm. mum* BUVIBAM Pn*»<« P. MIJM S'pon wv w EXPIESS somct BISECT FMH
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      982 16 K LINE KAWASAKI KISEN KAISHA. I TD t SSSf HVICt chevalier nn iw J« *n u *«i is *n *n a*l «nam container uw s a« *«i nccMt)M cartMt U SuMiyni lit m«*1) «n«H| witti to SuMiuni Imwi) niON KXJHOPK TO WAM BAST *L Havre P. Kelang S'scre H. Kong
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      1152 16 F. C.-U-S. A. ATLAHTIC/6ULF SERVICE ACCEPTING FCI/LCt CONTAINERS FROM SIMf, P RE UK. PENMC iMiiif tar: MWOU H« took mimam. new Orleans must** Smfapu" P He »«.g ItlMf p eaan« •'4 VCSSCL" E.C./GREAT UKES SERVICE Laadiaf far: HO (FOLD. HEW YORR. MO-TtfU. TORONTO. ASHTABULA BETROIT. CNICASR Penang Sela*3R P Helang
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      1086 16 NEPTUNE ORIENT LINES LTD FULL,Y CONTAINERISED SERVICES: TO EMM (VIA SHE£ S'aart P S •ttwpiu' H ouit NEPINNf CORAL] 11 Mr 12 Jaly i" 1 NEPTUNE POOL 20 Jaly 21 chevalier nn 27 My 21 «y J* *5 t.OHGAOHG CONTAINER 5 ti{ lAn 23 An 27 Aa| 21 feEBCATOB 11
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      746 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATKHtBP*HAD EXPRESS FULLY CONTAINERISED SERVICE TO'FROM M ED/UK/CONTINENT/SCANDINAVIA west mw leea»i miti s ooif li <oj» H Mbu'i COul Aha Iccill Bf Far laitlftM M. S| (Ml*. MrMMi AIM accepting iimrtiMi W|l t* Npjk**| t MM*. EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tg «»<■ m pug Penang Laaaitg
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      702 16 INTRASEA (PTE) LTD m RECULAR INOEPENOENT SEMI/FOLI CONTAINER SERVICE Tl HMK ccorcia rainbow mil S port f feline I SUM 'ANBEBSOE Mil (Caatr (Ml 7 Aag Hburg taiw Aarero. (BrtlMfi). M'btirg/R'daai, S'Barg' M'MilfeS.S'tCft (U K.) Mturg/R'daai, NORASIA Mil 74 lal| N lal| II tail H'burg. R'oaav Qoulognt. 'Acctf tiag Tlwaagt
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