The Business Times, 11 July 1978

Microfilm: NL9760
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, JULY 11, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Investor confidence
      71 1 UPI TOKYO, Mon. Foreign Investment In Japanese stocks Increased for the second straight month in June, reflecting foreign Investor confidence In the Japanese securities market. Tokyo Stock Exchange officials said today net Investment in Japanese securities by foreign Investors in June amounted to 11.654 billion yen, with buying
      UPI  -  71 words
    • Article
      Lock icon To cut or not
      79 1 AP WASHINGTON, Mon. The textile-apparel Industry, America's largest manufacturing employer, will face mass lay-offs and plant closings if the Carter Administration negotiates reduced tariffs on imports, Congress was told today. The administration said that if Congress blocks such tariff cuts, which would lead to higher imports
      AP  -  79 words
    • Article
      Choudhury case
      53 1 THE PROSECUTION yesterday closed its case against Gopal Chandra Kar Choudhury, former Ben and Company chairman, after a 15-day hearing in a district court. He faces eight charges under the Companies Act. Today, the court will hear submissions from Mr. David Marshall, Choudhury's counsel, and the Solicitor-General, Mr.
      53 words
    • Article
      Lock icon Japan's exports
      95 1 AFP TOKYO, Mon Export contracts certified by the Ministry of International Trade and Industry (Miti) during June totalled US$B.6 billion (5519.7 billion), an increase of 20.3 per cent over a year before. The Increase in dollar terms was due to gains In US money value of machinery and
      AFP  -  95 words
    • Article
      Lock icon Not before Bonn
      70 1 UPI BASEL, Mon Central bankers of western countries held their regular monthly meeting today, looking ahead to next weekend's economic summit talks in Bonn. Officials said the bankers were not expected to reach any firm decisions pending the top-level session. Decisive discussion of European monetary unity plans
      UPI  -  70 words
    • Article
      Lock icon Outlook for 26
      73 1 Reuter NEW YORK, lylon Output of 26 of the world's leading Industrial nations will rise 3.8 per cent in 1979 compared with a preliminary estimate of 3.6 per cent for 1978, McGraw-Hill Publications Co economics department said. In its mid-year World Business uuuook, McGraw-Hill said the general
      Reuter  -  73 words
    • Article
      Lock icon Dow Jones
      76 1 UPI NEW YORK, Mon. Stocks turned mixed early today in moderate trading as investors failed to carry through on a bargain-hunting rally started on Friday. The Dow Jones industrial average, up a fraction at the outset, was off 1.46 points to 810.98 at 1500 GMT. The Dow was
      UPI  -  76 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      144 1 Rises Most active Consplant WrU 360 +38 Sime Darby 1.265.000 Con* Plant 189 15 Con* Plant 629,000 Berjaya Kawat 276 12 Haw Par 388,000 CCM 474 10 Harimau 306,000 Wearnea 370 10 K L Kepong 198.000 Pan Electric 217 +8 Emo 360 +6 Toal Turnover: 11.73 m
      144 words
    • Article, Illustration
      In Kuala Lumpur
      177 1 Rises Most active Con Ph Wmts 3.70 Rahman Hy 5.30 S. Klnta 6.30 Con Ph 1.95 Oriental 4.30 Wearne 3.80 Chin Teck 2.60 B. Kawat 2.82 New Sdah 2.90 G. Ropel 2.37 M. Cement 3.00 C.C.M 4.80 Falls FandN 5.50 Cen.Sec 1.08 N.S.T. 4.74 .38 .20 .20
      177 words
  • Article, Illustration
    Show of strength by rig building
    955 1  -  FIRST QUARTER STAR PERFORMER By PETER CHIA THE transport equipment industry was the star performer in the manufacturing sector in the first quarter this year. The industry, comprising mainly rig and shipbuilding. notched up a 26 per cent increase in output against an overall
    955 words
  • Article
    USING WRONG YARDSTICK
    243 1 THE MONETARY Authority of Singapore faces a credibility problem If it continues to measure the Asian Dollar market by using Asian Currency Unit deposits as the yardstick. In an analysis of the developments of both Singapore and Hongkong as financial centres, the banking magazine Euromoney reported that
    243 words
  • Article
    Brisk plywood exports to EEC, W. Asia
    758 1  -  By JOHN LIM LOCAL PLYWOOD manufacturers are in for a good year. Most factories have orders extending to this September mainly because of a substantial increase of exports to the EEC. particularly Britain, and to West Asia. Total exports to the UK up
    758 words
  • Article
    REGISTERED STOCKS
    117 1 THE Government la offering for public aubscription 1725 million registered stocks on July 24. The issue comprises $100 million taxable stocks, $50 million sevenyear taxable and $575 million 20-year tax-free stocks. The coupons for the two-year, seven-year and 20-year stocks are 4'/i per cent, 7 per cent and
    117 words
  • Article
    Issue by UOF is the most successful to date
    274 1 THE public offer of five million share* in United Overseas Finance has been oversubscribed by more than 27 times. The offer at a premium of 50 cento for the $1 share, received applications for 137.18 million shares when it closed yesterday.
    274 words
  • Article
    DCA offers airlines stabilisation scheme
    540 1  -  By SIVA ARASU THE GOVERNMENT has suggested to airlines in the Republic a new approach to combat price undercutting. The plan essentially requires airlines to refile new realistic fares for government approval rather than concluding pacts among themselves. This proposal was contained in the Department
    540 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      27 1 ©Wjyfoong i A fending hand when Wayfoong Mortgage you need and Finance (Singapore) Liihjted It lllOSl Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. TH: *****7.
      27 words
    • Advertisement
      Page 1 Advertisements Column 2
      41 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant A m isj j tPU HEfIRV RRC HCEHCIES PTE LTD BRUNEI AGtNT RFLiANCE DISTRIBUTORS 144 B JALAN CHEVAHER BANDAR SE RI BE G A WAN BRUNEI TEL *****
      41 words
    • Advertisement
      Page 1 Advertisements Column 3
      87 1 JiMDS RESPONSE to Sherwood Tower* 2 ESSO'i multi-million dollar conversion project 2 lAT A may ease fare con troU S COUPLES who are wedded to bufineN.................. 6 FORUM: Cautionary tales of the Arabian NifhU 7 SHIPPING TIMES THE man they call Helmut Schmidt HIGHLANDS and Lowlands braces for a shortfall
      87 words
    • Advertisement
      Page 1 Advertisements Column 4
      96 1 U-Bix COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE Tet *****4 <5 Itnesl APS ELECTRONICS (M) SDN BHD KUXLA LUMPUR T*i 03-*****0 Before you take decisions take advice A sensible precaution, especially when you find yourself dealing with tne complexities of property, whether in acquisition, disposal, development or investment You
      96 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Bombay High hopes for India
      804 2  -  By CHAN BONG SOO AS A logistic base for offshore oil and gas drilling activities, Singapore's reputation has grown to the point where it is beginning to benefit even from India's oil strike. An American firm, Brown and Root, now working on two subsea pipelines
      804 words
    • Article
      Getting to the root of the accident
      359 2 ACCIDENTS are an emergency case and the study of this industrial "disease" should be given priority treatment. Speaking at the official opening of the second World Safety and Accident Prevention Congress at the Hyatt Hotel yesterday. Minister for Health Dr. Toh Chin Chye
      359 words
    • Article
      Lock icon Manila deficit with Asean
      814 2 Reuter PHILIPPINE total trade with Its Asean partners amounted to U*****.26 million (SsB9o million) in 1977, an increase of about 20 per cent over the previous year. Trade Ministry statistics showed yesterday. The share of Indonesia. Malaysia. Singapore and Thailand in the total Philippine foreign trade
      Reuter  -  814 words
    • Article
      Private car ownership on the rise
      151 2 PRIVATE car ownership Is on the rise again, thus arresting a long downward spiral. Latest statistics show that more than 1,000 cars were added to the private motor vehicle's register in the first four months of this year. This reverses the steady downward In
      151 words
    • Article
      Esso to convert its lube plant
      339 2 ESSO Singapore has embarked on a multi-million dollar project to renovate Its Pulau Ayer Chawan lube plant. The work is estimated to cost $8.4 million and will take three months to complete. The bulk of the cost, about $6 million, is for the conversion
      339 words
    • Article, Illustration
      Sherwood Towers enjoys good sales
      190 2 TEN MONTHS after starting Its sales campaign, Ocean and Capital Properties managed to sell 105 out of 189 apartments In Its 30-storey Sherwood Towers (picture) at Bukit Tlmah. The whole Sherwood project, which also Includes a 10-storey building housing 80 duplex (two-storey) apartments, will to
      190 words
    • Article
      SECURITY EQUIPMENT FROM U.S. ON SHOW
      188 2 A WIDE range of security and safety equipment and systems from more than 30 American firms will be exhibited at the US International Marketing Centre from July 25 to 28. Some of the products are: smoke detectors, security locks and alarms, intrusion alarm systems,
      188 words
    • Article
      MEMO PAD
      382 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Associateship Course, SITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC July 6-13: Financial aspects of personnel mngt. Hilton, POD July 11: Managing Meetings, The Hilton, Consulasla July 11: Re-organlsatlon: How to minimise the pain, The Hilton,
      382 words
    • Article, Illustration
      Certact acquires Atkins, Kroll
      106 2 ATKINS, Kroll and Company (Singapore), part of Inchcape of London, has been acquired by Certact International of Hongkong for an undisclosed sum in cash. With this acquisition, a new company, Certact Pte. Ltd. was formed with paidup capital of $500,000. said chairman Max Lauchli (above). This
      106 words
    • Article
      Supervisory course
      63 2 THE PORT of Singapore Authority will conduct two courses on the "Role of the Supervisor". The dates are: Aug. 14 to 19. and Nov. 20 to 25. The venue is the PSA Central Training School. Each course alms to provide participants with a basic knowledge of supervisory principles
      63 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      185 2 □I B I? J ?I?I? 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?
      185 words
    • Advertisement
      Page 2 Advertisements Column 2
      152 2 SINTAT Rent-a-Car MANAGER BRANCHES We invite applications from suitably qualified candidates for the position of Manager Branches. This is a key appointment in a developing environment. The incumbent should be mature, possess a good sense of business acumen, and be able to work independently. Good ocodemic qualifications and proven related
      152 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      386 2 I CROSSWORD CRYPTIC PUZZLE ACROSS 1 Both consume the right food! (5) 6 One person's garments (5) 9 Calculate how to keep (It (4, 3) 10 Poke It with your finger (5) 11 James's bird (5) 12 Olve tuition In art? (5) 13 Garment In which to perform when allowed
      386 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      238 2 7 Flower <4) 8 Ornamental fastener (3-3) 12 Eaae (5) 13 Proclamation (5) 14 Fundamental (5) 15 Finger (5) 16 Measuring device (5) 18 Storehouse (5) 19 Spotted (7) 21 Drink (6) 22 Away (6) 23 Pattern (6) 25 Soiled (5) 26 Out of danger (4) 28 Large snake (3)
      238 words
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  • OVERSEAS
    • Article
      Lock icon Indicators expected to cheer up Whitehall
      627 3 Reuter BRITISH financial analysts expect the latest set of UK economic and financial indicators due to be published over the next two weeks to be favourable for government. Most said they expect year-on-year Inflation In June to fall further to around 7 per cent
      Reuter  -  627 words
    • Article, Illustration
      Lock icon PAKISTAN GOES TO WAR – WITH LOCUSTS
      333 3 PAKISTAN GOES TO WAR WITH LOCUSTS UPI AP PAKISTAN has deployed an Air Armada ana ground forces to battle a locust plague In two districts declared "calamity stricken" on Sunday by Agriculture and Food Minister Khwaja Mohammad Safdar. Mr. Safdar said India ana Pakistan are coordinating efforts to battle the
      UPI; AP  -  333 words
    • Article
      Lock icon Wheat price hits Food for Peace programme
      530 3 AP HIGHER grain prices that began last autumn continue to take its toll of wheat allocations to needy countries under the US government's Food for Peace aid programme. The programme for fiscal 1978, which began Oct. 1 last year, was earmarked for a
      AP  -  530 words
    • Article
      China's rice bowl set for bumper harvest
      192 3 CHINA'S southern Kwangsl Chuang region, one of the country's major rice-pro-duclng areas, expects "quite a good harvest" this year following last year's poor iperformance of about 11 Billion kilos. Government officials said that harvests in the past two years had been effected by
      192 words
    • Article
      Lock icon STEP-UP IN SINO-U.S. TRADE HOPES
      227 3 UPI CHINA and the United States are moving toward a significant expansion of scientific and technological exchanges which should increase trade opportunities, according to President Carter's chief science adviaer. Dr. Frank Press gave an optimistic forecast for SinoAmerican cooperation in this field at a farewell
      UPI  -  227 words
    • Article
      Lock icon Miller to wipe out budget deficit by 1982
      895 3 AP Reuter US Federal Reserve Board chairman William Miller has said In an Interview with Time Magazine he has drawn up a detailed plan that could eliminate the US budget deficit by fiscal year 1982. Under the plan the deficit is planned
      AP; Reuter  -  895 words
    • WORLD IN BRIEF
      • Article
        Lock icon BUST-UPS DOWN
        346 3 Agencies JAPANESE bankruptcies fell In June to 1,325 from 1,303 In May, and from 1,528 In June last year, according to the Tokyo Commerce and Industry Research Company. The research company, whose figures are used by the Bank of Japan for Its bankruptcy statistics, said debts In June
        Agencies  -  346 words
    • Article
      Lock icon Move to appease angry farmers
      223 3 UPI THE Junior partners In Portugal's four-month-old coalition government has called for a Cabinet reshuffle to appease mounting opposition to the government's agriculture policies. The conservative Centre Democrats issued their call on Sunday as thousands of disgruntled farmers gathered in the central town of Rio
      UPI  -  223 words
    • Article
      Lock icon Surprise bonus for forced to quit executive
      424 3 NYT AN EXECUTIVE vicepresident of the Ford Motor Company, forced to retire after the company's top management held him responsible for a plan to pay a bribe in Indonesia in 1975, later received a large unexpected bonus, according to company sources. The bonus,
      NYT  -  424 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      84 3 The JaguarXJThe status symbol for the distinguished. i Lean, clean and trim the Jaguar XJ with the grace, space and pace that has made the name Jaguar famous the special luxury, the unparalleled performance, the wellbred appointments. They're all there. The XJ is the last word in motoring refinement. Feature
      84 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      299 4 OPENING prices yesterday were marked down half a cent and fell further on some light stale bull selling, but the market recovered towards noon on some forward demand and shortcovering. Lower London opening prices and lack of buying Interest saw the market easing some 1.50 cents
      299 words
    • Article
      Closing prices
      31 4 Rubber: July 10 Singapore: July 224.25 cents (down 1.25 cents) Malaysia: August 228.75 cents (down 1.25 cents) Tin: M 51,706 (down $20) Official offering: 166 tonnes (down 30 tonnes)
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    • Article
      R.A.S. PRICES
      356 4 Prices In cents per kilo yesterday: Noon Clow (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S.S. prompt f.o.b. 225 00 226 00N 223.50 224.50N Int. 1 R S.S. July 225.50 226 00 224.25 224.75 Int 1 R S.S August 226.00 226.50 224 50 225.00
      356 words
    • Article
      SSR AND SMR
      103 4 NOON SSR and SMR prices yesterday: July August HAS (Current Mlhl (Forward Mth) Buyer* Sellers Buyers Sellers (cents per kg) (cents per kg) SSR 20 (1-ton pallet) 210.00 212.00N 211.00 213.00N SSR SO (1 -ton pallet) 208 00 210 00N 200 00 211.OON MRELB August September SMR5CV
      103 words
    • Article
      Straits tin
      153 4 THE STRAITS tin price in Penang yesterday rose Ms2o to $1,706 per picul. Prices rose, reflecting low weekend supplies from miners which encouraged demand from all sources. Turnover fell to 166 tonnes from 196 tonnes last Saturday, with bids allotted through 20 per cent rationing by smelters. In
      153 words
    • Article
      Cocoa
      118 4 TERMINAL cocoa in London yesterday was thinly supported in early dealings, closing the first call unchanged to €6 higher. Post-call trading saw prices easing back in quiet conditions with steadiness of sterling cited by dealers as the main depressant. Sources said expectations of lower secondquarter grindlngs had been generally
      118 words
    • Article
      Copper
      103 4 COPPER wire bars in London yesterday finished the morning with gains of £3 for cash and £3.5 for Three Months. The market shrugged off the effect of steadier sterling against the US dollar as an Influence In the morning with modest covering operations prompted by some Continental demand taking
      103 words
    • Article
      Produce exchange
      257 4 COPRA, coconut oil In bulk and old and new drums remained unchanged on the Singapore produce market yesterday. All grades of pepper, however, continued to ease over the weekend. Prices were down by another $2.50 per plcul. No fresh commitments were registered with packers who reported that the
      257 words
    • Article
      Gold
      184 4 THE kllobar In Singapore yesterday opened at 5513,865 and fell to a low of $13,825 In the afternoon before recovering to close at $13,861. Spot gold for London delivery opened at U*****.70/ 186.00 and eased to a low of U*****.40/70 in the early afternoon on profit-taking before recovering to
      184 words
    • Article
      Hongkong comex
      184 4 THE sugar market yesterday closed slightly easier in continued dull trading. Turnover totalled nine lots, against 18 on Friday, dealers said. Trading was restricted to October and March deliveries, which fell 0.06 and 0.05 US cents, respectively. The Hongkong daily Spot sugar price rose 0.10 to 6.70 cents.
      184 words
    • Article
      SPOT PRICES
      194 4 YARN and cotton in Hongkong dollars, spot ex-jodown Cotton Tarn: Cilia. Blue Pfaoenii 29s 1,715; 22s 2.1 M; 49s 1J79 (por l»b tf 499 ks). PIECE GOODS: China Butterfly and Olobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq (per piece
      194 words
    • Article
      Coffee
      92 4 ROBUSTA futures ended the opening call In London yesterday, barely steady £35 to £20 per tonne up from Friday's close. Turnover was 157 lots. September was actively traded, gaining £27 at around £1,347 having traded with in an opening high-low range of £1,358 to £1,349, Spot July rose £35.
      92 words
    • Article
      Lock icon Market conditions remain quiet
      1219 4 AFP CONDITIONS remained quiet on the London commodity markets last week. The holiday in the United States on Tuesday for Independence Day restricted trading at first. Subsequently, the latest batch of gloomy US economic forecasts gave little incentive for fresh buying. In the meantime, the EEC
      AFP  -  1,219 words
    • Article
      Rice
      208 4 BANGKOK rice prices were quoted as follows yesterday: (In U8 dollars per tonne F. 0.8. bull Bangkok > Whit* Riot: 100 pet Ist class 432. 100 pet 2nd class 417.100 pet 3rd class 412. i pet 403. 10 pet 385. 15 pet 377. 20 pet 372. 25 pet 382
      208 words
    • Article
      Silver
      65 4 THE Hongkong silver market yesterday closed unchanged at HK5246.00 per 10 ounces In thin trading, with turnover estimated at 10,000 ounces. Prices opened unchanged while the day's fixing was also unchanged from Saturday's HK5246.00, dealers said. The local closing was equivalent to 5.2937 US cents per ounce, which was
      65 words
    • Article
      Zinc
      55 4 ZINC finished the morning In London yesterday up mostly £0.25 per tonne. This metal was fairly subdued with some early liquidation on the pre-market offset by light-weight short-covering activity In sympathy with the trend in copper. Thee Months traded up to £319.5 In the ring In a turnover of
      55 words
    • Article
      Lead
      47 4 LEAD rose by £2.75 for cash and £1.75 for Three Months in London yesterday. The market edged higher reflecting the trend In copper with small-scale chart buying also evident, dealers said. Three Months finished the kerb trading at £315. Sales of 135 tonnes were mainly carries.
      47 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        562 4 THE US dollar was sold down to 200 yen yesterday on foreign exchange markets as traders started fresh speculative pressure against the American currency. At the same time, it lost substantially against the deutschemark and sterling. The dollar opened In Tokyo in the morning at 201.85/ 95, a
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      • Article
        Asian $ & CD rates
        152 4 Asian CD rates ASIAN currency interbank rates as on July 10: deposit at close US Dollar* 8no<) Oflkr Bid 7 days 1 rath 2 mthi 3 tilth* 6 mtlu 9 ruths 12 mths 1/16 8 3/16 S3/S 8 9/16 91/8 93/16 1/4 8w. Fr». (MIMb 1 715/16 61/16 61/4 87/16
        152 words
      • Article
        Discount
        49 4 RANGE OF pi i 0 1 i count houses on July 10 Overnight 2% to 3%« Call deposit 3** O* W 3-Month Buying fMUag Treasury bills 3 5/16 3 3/16 3-Month Bank bills 5S/» 51/2 3-Month CD 5 13/16 511/16 ft-Month CD 57/S Source: National Discount Co. Ltd.
        49 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7 per cent.
        21 words
      • Article
        Euro $ rates
        110 4 Euro rates LONDON Eurodollar deposit rates yesterday opened steady but had a slightly offered tendency In light early business, continuing Friday's easier trend. in periods, 81x Months was around 1/8 higher due to a Friday end while One Month was adjusted 7/10 lower for the loss of a Friday end,
        110 words
      • Article
        London
        230 4 THE dollar was pressed lower against major currencies In lively opening trading yesterday. This followed market assessment of the Bremen EEC leaders summit meeting late last week which stopped short of a commitment to a qew European monetary system, dealers said. Sterling was particularly firm on the sjjot rising
        230 words
      • Article
        Tokyo
        267 4 THE US dollar for overnight delivery yesterday closed lower at 201.55 yen, compared with a 201.80 opening and 203.30 at Friday's close, dealers said. The dollar moved fractionally between 201.45 and 201.70 yen in slow late trading after initial weakness reflecting its fall abroad last Friday, they said. Trading
        267 words
      • Article
        Hongkong
        146 4 THE US dollar yesterday fell < in reaction to West German l Chancellor Helmut Schmidt's warning against I expecting too much to come from next weekend's Bonn summit. The dollar fell to 2.0495/ 0505 marks from its 2.0545/ 55 Friday New York close in fairly active trading and to
        146 words
      • Article
        Eurobonds
        366 4 EUROBOND prices quoted on July 10: Straight* Bid Offcr Nat west 9 M 99.75 100.25 Hydro Quebec •WW 97.50 98 25 EIB8W93 98 75 97 25 EIB stf 9*92 92.25 92 75 Flsonsstf 10% 87 95 50 98.25 IncoB92 98.00 98.50 Incog* 84 98 12 90 82 98.25 98.75
        366 words
      • Article
        Australia/NZ
        65 4 AUSTRALIA and New Zealand exchanges on July 10: Australia US dlr 1 1508 1.1461 Sterling 0 6144/ 0 6064 Ninety day air mall buytnf rate* Sterilnf 0 6366/ U8 6ln 11*40 Ninety day forward buying rate* Sterilnf 0.6163/ US din 1.1451 New Zealand Sterling 0 5530/ 0 5600 U8
        65 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      103 4 This announcement appears as a matter of record only. o The Siam Cement Company Limited U.S. $50,000,000 Medium Term Credit for cement plant expansion Managed by Bank of Montreal Chemical Bank Uoyds Bank Morgan Guaranty Trust International Limited Company of New York The Sanwa Bank Limited Provided by Bank of
      103 words
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  • TRANSPORT
    • Article
      Members of lata may have a freer hand
      575 5  -  By TERESA LIM MEMBERS of the International Air Transport Association (lata) may not need to take part in fare controls in the future, if the recommendations made at the Montreal conference are implemented. Chief executives of lata's member-airlines met in Montreal on
      575 words
    • Article
      Lock icon End of Taipeh run
      89 5 Reuter PAN American World Airways will terminate its services to Taipei and Okinawa from Sept. 30, Taipei's Central News Agency reported. PanAm flights to these two cities were to have ended on March 2 this year. However the airline asked the United States Civil Aeronautics Bureau
      Reuter  -  89 words
    • Article
      Lock icon KLM MAY RESORT TO CHEAP FARES
      185 5 Reuter THE Dutch airline KLM would Introduce cheaper fares between Australia and Holland If they were necessary to maintain landing rights In Australia, the airline president Sergio Orlandlni said yesterday. Mr. Orlandinl was commenting on worries In the Dutch community In Canberra that KLM
      Reuter  -  185 words
    • Article, Illustration
      SHIPS IN PORT
      368 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Jurata (0600 after Slbonga) 33/34 Prince Maru No. 3 (Car carrier) (0800 45 Menelaus (1200 after Kanetoshl Maru) (Calcium carbide for dls. 0/slde) 47 Cecllle Maersk (after Neptune Garnet L AL Mubaraklah) 38/39 Sea Union (1830 hauls from 120 m East After
      368 words
    • Article, Illustration
      Diesel engine contract
      280 5 MWM-DIESEL Far East ku been awarded a contract estimated to be worth tome 11.65 million, to supply diesel engines over a period of three year, to a FiliptaZboatyard The amount, however, la baaed on expected Mies of sailing ami pleasure trdwlor boats to Europe. Mr. J.E. Bouchez,
      280 words
    • Article
      The lighter side of 'Landingrad'
      799 5  -  «y EMIL SVEILIS "LADIES and gentlemen, we may encounter some turbulence during our approach to Leningrad, would you kindly fasten your seat belts." That is the pilot of a foreign airliner alerting his human cargo that It may be pretty bumpy coming down to land
      799 words
    • Article
      Lock icon Standards pact for seafarers
      430 5 AP SEAFARING nations have reached agreement on the first world pact laying down regulations and minimum requirements for masters and crews of merchant ships. The agreement, reached after a 3 1/2- week meeting of the Inter-governmental Maritime Consultative Organisation (Imco), sets basic standards for the Issue
      AP  -  430 words
    • Article
      Norway's drilling fleet is third largest
      204 5 NORWAY now has the world's third largest drilling rig fleet. Since the tum of the year, Its fleet comprised one drilling ship. 31 semisubmersible platforms, of which four are equipped for machine-shop and maintenance activities, and four Jack-up platforms. Eleven of the semi-submer-slble platforms
      204 words
    • Article
      Lock icon SASEBO GETS A BREAK
      92 5 Reuter JAPAN'S deflclt-rldden Sasebo Heavy Industries Company has signed a US$34 million (5578.2 million) contract to build two 51,000 dwt tankers for the World-Wide Shipping Oroup, based in Hongkong. The Japanese shipyard announced that the ships would be completed in the second half of 1979, and
      Reuter  -  92 words
    • Article
      Cosco talks with SNSC
      58 5 A THREE-MAN team from China Ocean Shipping Company (Cosco) will be coming to Singapore for talks with the Singapore National Shippers Council. They are expected to arrive on Aug. 1 for a 10-day stay. They will visit Thailand and Malaysia before reaching here. Two members are
      58 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      732 5 ARRIVALS Service Local Operator Number Time Prom CAL CI331 0040 TPE/HKG/KUL PAA PA005 0115 SFO/HKG MAS MH601 0700 MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005 HLP MAS
      732 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      250 5 All he needed was a financial leverage to expand. Doyou? A paper products manufacturer had to increase its production capacity to meet market demands But it meant moving to bigger premises, increasng he overheads and level of inventories He needed addrttonal operating cash to stabilize cash flow and provide credit
      250 words
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  • Article
    Why CPF need the extra money
    570 6 GOVERNMENT AL decisions are by definition taken with the national perspective In mind. But lately some directives have a confused air about them. One such policy decision is the recently announced raising of the Central Provident Fund contribution. There was no discussion on theneed
    570 words
  • Article
    Lower air fares here to stay
    269 6 REALITY has forced airlines to submit at last to lower fares something which their passengers have wanted to see for a long time. There Is no truer Indication of this new direction than the Montreal recommendations to lata, until now the last bastion of
    269 words
  • Article, Illustration
    To cherish each other... and profit together
    2484 6  -  SOH SIAM LOH LOOKS AT A VERY SPECIAL KIND OF JOINT VENTURE Can a marriage work when the hatband and wife run-a business together? Just as important, can a business survive when it is run by a husband and wife team? The problem
    2,484 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      17 6 A r I P >.> t VlathVowtx A perfect complement to any meal, AaodMr qaaltty prod Met from
      17 words
    • Advertisement
      Page 6 Advertisements Column 2
      114 6 408/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny Bala The New Moonglows, The Oreen Eyes and Miss Erin Fong (Taiwan) treat you to a lovely evening of great
      114 words
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      Page 6 Advertisements Column 3
      69 6 Hotel Royal-RAMAM Newton Roed, Singapore 11. Republic of Singapore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Golden Mikado Sumptuous Cantonese cuisine prepared by our chefs with just the right touch and our speciality FISH HEADS Each dish is carefully selected by our chefs to give you the best for your discerning
      69 words
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      Page 6 Advertisements Column 4
      35 6 DfIAGQN RALACE .j.. I. 1 And now. try our chef's new menu of a wide selection of delicious dishes. OPf NSIMI KDAYS: SUNDAY S f, PUBI IC H( )l IDAYS. 4 t J iorkpit tfioti
      35 words
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      Page 6 Advertisements Column 5
      36 6 After a long day. •o/oy a coot, relaxing (kink and listen to aome good pop. blues. evergreen and jazz. If you have a special request just let the band know. Appearing nightly, except Mondays at the
      36 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 WEATHER F j WEATHER outlook for Singapore from 6 a. m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 p.m. on July 10 at the airport: Maximum Temperature 31.6° C Associated Humidity 60 Minimum Temperature 23.4° C Associated Humidity 93 Hours of Sunshine 3.95 Rainfall in
      65 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      262 6 RADIO SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.25 Diary Of Events (English)* 3.30 Afternoon Matinee Great Guns (Pt. 2) Starring: Stan Laurel, Oliver Hardy, Sheila Ryan, Dick Nelson 4.00 Science Report 0 4.15 Intermission 6.05 Opening announcements followed by Birdman And The Galaxy Trio 6.30
      262 words
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  • Article, Illustration
    Lock icon Chancellor Schmidt — the mentor, the tutor
    1686 7  - Chancellor Schmidt the mentor, the tutor By ROBIN SMYTH OFNS --CHANCELLOR Helmut Schmidt will be in his element next week. The man who has become a mentor at times almost a tutor to the Western leaders In the art of summitry will be working more than 16 hours a day
    OFNS  -  1,686 words
  • Article
    STRAWS IN THE WIND
    674 7 SINGAPOREANS are sometimes accused of being foot- ball mad but the Malaysians really take the biscuit -tills week with The Star extraordinary reporting on the Malaysian general elections. On Saturday, the paper's front page •story screamed, "THE MO- JiENT OF TRUTH The moment of truth has
    674 words
  • Article
    Lock icon Conventional cameras will keep clicking
    419 7  -  •y LEROY POPE UPI THE GREAT success of the instant photography systems of Polaroid Corp. and Eastman Kodak and the Japanese Fuji Company's instant film seems to have people wondering if conventional photography is on the way out at least for amateurs. The question is
    UPI  -  419 words
  • Article
    Cautionary Tales of the Arabian Nights
    860 7  -  (FOBMilMai f ...OD West Asia •r QUEK PECKLIM THE WEST Asian market is certainly not your average Arabian Nights tale of pots of gold. To hear some Singapore traders talk about it, the closer analogy might be to a casino where one is more
    860 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      263 7 a HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel: *****4 HOLIDAY
      263 words
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      Page 7 Advertisements Column 2
      75 7 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 ORCHARD HOTEL 2 Orange Grove Road, Singapore 10 Tel: *****1 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Rotrfl. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove
      75 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      60 7 BriStdW.'Ffanjc Dickens 1 W1 GONTitJ oue corr\pp>ssio«pvTe mfssTtf? chef mc.gcxax>i Btue, m oRDec to ftSSORGe TM€JR TVIiRST, &€£H I seuD»HG me UP OJJTH LORDS OF Ijfcp P.WD COFP££ sv—SO UXXJUD >#OU Be. IF N/OJ WfSD cw JO6> ftU. DRV. UHL WRVe >A E€£N WRjftnfcD 1 owe GO OH rrne/ WBVCN'T-ruchcd
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Discount brokers court investors with low fees
      918 8 NYT AT LONG last, the small lnvestor Is reaping the benefits promised by Congress in 1975 when It ordered the brokerage com- raunity to halt the practice -•of fixed commission rates and begin instead to freely compete for Investment business. The individual investor
      NYT  -  918 words
    • Article
      Lock icon Commercial property hard to find
      618 8 NYT SMALL investors who have bought commercial property to hedge against inflation may discover that these properties are increasingly hard to find. > Prices have risen so substantially that yields on, say, a strip of property of a supermarket and smaller local service stores have
      NYT  -  618 words
    • Article
      Lock icon Soviet bonds: Worthless paper or solid gold?
      897 8 A PARIS taxi-driver descended from a Russian imperial duke, remembers his grandfather papering the walls with Russian bonds back in the IMOs. Rut there are still a million and a half Frenchmen holding them. Can thsy all be wrong? FT FRANCE'S National Assembly
      FT  -  897 words
    • Article
      Lock icon Broadcasters' cushy days are over
      1028 8 NYT THE BROADCAST industry's comfortable years with the regulatory agencies In Washington are over. Recent actions by the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC) suggest to the many In the Industry a new period of tough regulation In a reformist climate.
      NYT  -  1,028 words
    • Article
      Lock icon Compound interest is the way to Harvard
      730 8 NYT A YEAR AT Harvard now costs U557.650 before books, transportation and hi-fi equipment, and if tuition. room and board escalate at the expected 0 per cent compound rate, the bill will soar to $87,000 a year for a freshman in the class
      NYT  -  730 words
    • Article
      Lock icon Moderate gains
      590 8 TOKYO Source: DBB-Daiwa THE Nikkei Dow-Jones average continued to rise yesterday and closed the day with a moderate gain of Y15.22 at Y5.831.40, reflecting last week's bullishness. Hitachi recorded a new 1978 high as a result of buying by foreign and corporate Investors, pushing up other large-capital Issues.
      Source: DBB-Daiwa  -  590 words
    • Article
      Lock icon Hongkong
      417 8 Source: SHK Sec DESPITE an early attempt to improve yesterday, the market was dull throughout the day and lost two points In the morning session and another six by the close. Prices opened quite firm on the back of London and prices of 90 for Hutchison wnampoa. 10.70 for
      Source: SHK Sec  -  417 words
    • Article
      Manila
      111 8 THE market closed slightly higher across the board yesterday. Dealers said turnover fell to 6.17 million pesos from Friday's 7.19 million. JULY 10 Pesos Acoje Mining Atlas Con A Atlas Con B BaguioOoid Benguet Con B BP Ooodrtch CDCP Inco B Landoil LepanloB Marinduque B Meralco Oriental A Oriental
      111 words
    • Article
      Sydney
      422 8 WITH rises outnumbering falls three to one, minings stood up better than Industrials which saw slightly more falls than rises yesterday Dealers said outstanding stocks were BHP with rumours of a new gas strike In Bass Strait and White Industries which announced Its first long-term contract to supply steaming
      422 words
    • Article
      Bangkok
      129 8 JULY 1* Bahu Asia Fibre 280 -2 Bangkok Bank 373 -2 Bangkok Invest. Bangkok-Metro-politan Bank Bata BerliJucker Carpet Intnl Charoong Thai Wire 280 -2 Dumex Duslt Thanl Faber Merlin First Trust 387 -83 Genera Finance 330 -12 Indo-Thal Industrial Finance Corp 2475 unch J And J Ho 434 unch
      129 words
    • Article
      Selected indices
      39 8 H.K. HANG 8ENG Monday 1 573 Ml 1.13 17 Friday Week Afo Ml a SYDNEY INDUSTRIALS 1 Monday 4 4 Tw XT X 1 06 Week Ago 4 > M Monday Friday 494! 16 Week Ago 406 M
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      176 8 ONE GOOD PUBLICATION THAT'S worth a thousand watts Ii you're into hi-fi, you'll certainly enjoy reading 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
      176 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon HANES DENIES TAKEOVER NEGOTIATIONS
      740 9 N.AMERICAN h 4 NYT THE HANES Corp, the pantyhose manufacturer that put L'eggs in the supermarket and thus stdle the march on its competitors, has been mentioned In takeover rumours for months. The word around Wall Street was that a deal was Imminent. The buyer would
      NYT  -  740 words
    • Article
      Lock icon Coca-Cola may use corn sweetener
      249 9 FT COCA-COLA, in a move that could have broad implications for the sweetener industry, has told its bottlers that they may use a high level of high-fructose corn sweetener as a substitute for sugar in its non-Cola products. Coke is understood to be informing bottlers
      FT  -  249 words
    • Article
      Lock icon J.C. Penney sales move in Japan
      116 9 UPI J.C. PENNEY of New York City will start development and sales of new products in Japan, possibly through setting up a new company in a joint venture with Daiei Co. Japan's leading supermarket chain. Industry sources said the Japanese company Ipitially will import
      UPI  -  116 words
    • Article
      MCDONNELL DOUGLAS
      59 9 ST. LOUIS: McDonnell Douglas Corp said It has no plans to counter the offer by Northern Telecom Ltd for Data 100. McDonnell Douglas had reached an agreement In principle to acquire Data 100 for U5517.50 a share in cash for each Data 100 shares or preferred stock convertible
      59 words
    • Article
      State backs Sodra
      256 9 r BONDS&LOANS STOCKHOLM: The Swedish, government approved a five-year guarantee for a Kr 200 million loan to Sodra. the southern Swedish forest owners' company. Sodra had sought guarantees for Kr 300 million but the cabinet postponed its decision on the remaining Kr 100 million. The loans are
      256 words
    • Article
      Lock icon Korea Electric Co. raises US$400m
      154 9 Reuter HONGKONG: The Korea Electric Co (Keco) is raising US$4OO million through a 10-year syndicated loan, Chase Manhattan Asia Ltd said as lead manager. Interest will be at one per cent over London interbank Eurodollar offered rates. Proceeds will be used towards nuclear power plant
      Reuter  -  154 words
    • Article
      Lock icon TOKYU CONVERTIBLE
      87 9 Reuter FRANKFURT: The 30 million mark convertible loan being negotiated by Tokyu Car Co Ltd Is expected to have a 3 Vj per cent coupon and par issue price, Berliner Handels Und Frankfurter Bank (BHF) said. The eight-year loan, drawirup as a Drlvate place- ment, will be taken
      Reuter  -  87 words
    • Article
      Hankuk Glass
      51 9 HONGKONG: A US$32 million eight-year syndicated loan for Hankuk Glass Industry of South Korea was signed. Bank of America's merchant banking subsidiary BA Asia Ltd said as lead manager. The loan which has a three-year grace period carries interest at 1-1/4 per cent above London interbank Eurodollar offered
      51 words
    • Article
      Lock icon Floater raised
      71 9 Reuter PARIS: The seven-year floating rate issue for the Banque De L'lndochlne Et De Suez has been raised to US$4O million from $30 million. A bank spokesman said the issue, with a floating rate 1/4 point above London Interbank offered rates and a minimum coupon of 5-1/2 per
      Reuter  -  71 words
    • Article
      Lock icon Court halts Tropicana, Beatrice merger
      126 9 Reuter THE US Court of Appeals has temporarily halted the US$5OO million merger of Troplcanna Products Inc with Beatrice Foods Co. The latest development Is one of a series of legal actions by the Federal Trade Commission which has been trying to kill the deal
      Reuter  -  126 words
    • Article
      Lock icon Allied Chem. suit
      88 9 Reuter ALLIED Chemical Corp said a stockholder's suit charging certain present and former directors with breach of their duties was dismissed in State Supreme Court. Manhattan. The suit, brought by George Byers. sought to recover for the company, damages it sustained in connection with Kepone. plus punitive
      Reuter  -  88 words
    • Article
      Lock icon American Honda
      37 9 Reuter AMERCIAN Honda Motor Co said passenger car sales last month rose to 27,614 from 23.126 a year ago. The company said sales for the six months increased to 148.475 from 129,061 last year. Reuter
      Reuter  -  37 words
    • Article
      Lock icon Thorn Electrical group profit up
      385 9 EUROPEAN Reuter ALL OF Thorn Electrical Industries Ltd's product groups increased profits in Britain in 1977/78 through the investment programme to Improve efficiency and contain costs, chairman Richard Cave said. The company earlier reported pre-tax profits of £110.3 million on sales of €1.09 billion in
      Reuter  -  385 words
    • Article
      Lock icon Hambros provides for shipping debts
      212 9 Reuter HAMBROS LTD has made major provisions against Norwegian shipping debts In the financial year ended March 31 this year. A Hambros spokesman declined to quantify the provisions or the debts, which are between Its merchant banking subdldlary Hambros Bank Ltd and Norwegian shipping Interests
      Reuter  -  212 words
    • Article
      British Gas moves
      183 9 LONDON: The British Oas Corporation, whose international consultancy service in the US has been hit by American energy policies. Is closing its Connecticut office and moving to Washington In a bid to become more Involved in political considerations. The corporation, through its International Consultancy Service, receives about
      183 words
    • Article
      Lock icon BP leaves N. Sea well
      109 9 Reuter BRITISH Petroleum Co said, as operator for the Aran/BP group, that well 56/26-2 in the Fastnet Basin of the Irish sector of the Celltic Sea due south of Ban try, has been completed and abandoned. The drilling rig, Sedco 703, Is now en route
      Reuter  -  109 words
    • Article
      International Distillers
      52 9 INTERNATIONAL Distillers and Vintners Ltd said pretax profit totalled t'7.94 million (t'7.65 million) in the six months ended March 31. Sales were £194.63 million (£177.54 million). Profit includes associate 1141.000 (1*240,000), but is after interest £4.24 million (14.33 million). Tax came to £4.18 (£4.52 million), leaving £3.76 million
      52 words
    • Article
      Lock icon GEC rules out sudden rise in dividend
      234 9 Reuter THE General Electric Co Ltd said pre-tax profit came to £325.3 million (£278.3 million) In the year ended March 31. Sales was £2.34 billion (£2.05 million). Earnings per share came t028.26p(24.11p)and 28.26p (20.77p) adjusted to allow for capital reduction on issue of
      Reuter  -  234 words
    • Article
      Norcros keeps up with changes
      301 9 LONDON: The future strategy at Norcros Includes a great deal of thought and effort being concentrated on widening the proprietary nature of its products. Mr. John Sheffield, the chairman, says. This extends, he adds, to the group's expertise In developing new products and the techniques
      301 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      214 9 ineapore's business world at your fingertips... e s >. iii r: <> <?/? Ac/ 0/1 ©A Pa O/ $36 s o ft £> <7 Or Uq /r >k fV 50 V Ws w Ktlln Directory of Singapore The Straits Times Directory of Singapore 1978 more popularly known as the'Buku Merah',
      214 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1737 10 HID hnd offer price* officially lilted and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown tn bracket* in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word; "sett". Big Board deal
      1,737 words
    • Article
      Government bonds
      54 10 S 1/4% IS/10/7* (250.000) (101.00B) 4 3/4% IS/9/80 (250,000) (100 258) S% IS/4/B1 (250,000) (100.40B) 5% T F 1/5/83 (250.000) (100 408 100.508) 7 1/4% IS/4/88 (250.000) (100 80B) 7 1/4% IS/10/88 250.000) (100 758) Closing Tone: Steady TURNOVER: Official figures supplied by the Stock Exchange of Singapore
      54 words
  • Article
    SHARE INFORMATION SERVICE
    2410 10 1978 High Low Company Last Sale +orO'I Dhr Dhr Cn Gr's Y*ld Net P/E Vel <*«•) Day High Low LSECTION ONE INDUSTRIALS 230 233 172 260. 83 876 208 210* 478" 474 132 123* 112 195* 80 V, 182 173* 140* 258 394 Acma Alcom Allied Choc
    2,410 words
  • Article
    Unit trusts
    145 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maiann' pric* far July II) tUHTMl pri ieaa) The Commerce... t.l« 2.27 INCOME BOND 107 1.12 The Saving Fund 8'pore Prof Fund 1.3$ 1.43 1.06 1.12 MARA BUMIPUTRA FUND SporeSecurlty 1.96 2.10 (Managers price First Bumlputra for Jul II) 2 92 2.97
    145 words
  • Article
    In Kuala Lumpur
    1792 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 tn brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Alaam (2 448) 2 43 (1) 2.42 A Chaa (1.848 1.708;
    1,792 words
  • Article, Illustration
    Enthusiasm weakens
    793 10 ENTHUSIASM marked the morning trading hours on the Stoch Exchange of Singapore yesterday as traders reacted favourably to the recent landslide victory in Malaysia by the National Front. Prices stepped out on higher levels than before. However, the momentum was not maintained and, in contrast, eased towards the
    793 words
  • Article
    KLSE finishes barely steady
    524 10 SOME afternoon selling, after a steady morning made for a barely steady close at the Kuala Lumpur stock market yesterday. Trading was selective and volume moderate. Shares were fairly bullish at the opening session on carrv-over Interest. The conclusive nature of the general elections also helped
    524 words
  • Article
    Faber Merlin (M) in Desaru venture
    160 10 FABER Merlin (M) has entered into a Joint venture with the Johor Tenggara Development Authority (Kejora) to build a 100room hotel at the Desaru holiday complex, 96 km from Johore Barn The hotel to be named "Desaru Merlin Inn" Is estimated to cost MS6
    160 words
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  • COMPANY NEWS
    • Article, Illustration
      King's on the rise
      551 11  -  By FONG MEW LENG AFTER achieving a near doubling of pre-tax profits in 1977, the management of King's Hotel envisages that the company will be able to maintain Its earning capacity In the current year. This confidence Is fully justified In the light of the improvement
      551 words
    • Article, Illustration
      H and L braces for a shortfall
      1180 11  -  By MANO SABNANI BROKERS and Investment analysts are In mixed minds on the prospects for capital appreciation and growth for the current darling of the plantation sector, Highlands and Lowlands Bernad (H and L). Speculators have been buying heavily Into the counter In
      1,180 words
    • Article
      DIVIDENDS ANNOUNCED
      465 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year Chin T«ck Batu Ktwan DufT Dev. PMRI Nat Iron Loaa M. Feedmilli Acma CCM Metal Box Bhd D Keramat Sin Heu Chan Keck Sena Dutch Babv S.M. Ind. N.B. Timbers Sin Chew
      465 words
    • Article
      SCRIP ISSUES
      176 11 Company Particulars Ex Date Books Close Straiu Trading Oriental Holding! WilkiMO. M. Floor Sin Hen* Chan Peg! Malaysia &*at haitern Life M'lia Feedmilli Bonus Issue of 1 for 3 Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Bonus Issue of 1 for 3 Bonus
      176 words
    • Article
      Shell Refining income slips
      663 11 A BARRAGE of adverse factors struck Shell Refining during Its financial year to Dec. 31, 1977 to "drastically force down gross margins and trading profits. Chairman Mr H.J. de Rulter attributes this depression of Its margins to three main reasons. First the two-tier price system for
      663 words
    • LATEST RESULTS
      • Article
        ROXY Electric Industries (M) Bbd:
        37 11 Unaudited pre-tax profit M 51.41 million ($1.20 million for the half year ended March 31). The company said It expected profits for the whole lear should approximate lose of the previous year.
        37 words
    • Article
      ROBINSON'S
      20 11 ROBINSON and Company has appointed Singapore International Merchant Bankers as the company's share registrars with effect with July 1.
      20 words
    • Article
      COMPANY MEETINGS
      179 11 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 Wilkinson Process Rubber Co Bbd: AOM to be held at 70, Jalan Ampang, Kuala Lumpur, at 2.30p.m. on July 18. Metal Box Singapore Ltd: AOM
      179 words
    • Article
      Profits tripled at Premium
      584 11  -  By DAVID CHOW HAPPILY bearing out the confident forecast made. In the J976 report, Premium Holdings last year tripled Its profits from a combination of favourable crops and prices. At the pre-tax level, the consolidated profit of M 52.9 million was a 140 per cent leap
      584 words
    • Article
      Pahang Consolidated
      38 11 THE Pahang Consolidated Company has appointed Pernama Management Services as registrars of the company. The registered office of Pernama Management Services is at 10th floor (East Wing), Bangun&n Dato' Zalnal, 23, Jalan Melaka, Kuala Lumpur 0102.
      38 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      301 11 Mathematics and Statistics in Penguins 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
      301 words
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  • Article
    LONDON STOCKS
    795 12 LONDON. Mon Prices closed higher with sentiment helped by an improvement in short-term economic pointers, dealers said. Overall trading was moderate. At 3 p.m. the Financial Times index was up nine points at 464 6 Government bonds gained up to point and favourable reaction to the wholesale price
    795 words
  • Article
    Rates to steady at lower levels
    761 12  -  By COLIN CHEE INTEREST rates In the domestic interbank market are expected to stabilise at levels lower than In the past week. Trading yesterday was more orderly with little of the panic borrowing that have caused rates to rise since the start of the
    761 words
  • Article
    BUYERS APLENTY FOR SIA's B747s
    202 12  -  •r TERESA LIM SINGAPORE Airlines (SIA) has more than a dozen prospective buyers for its 8747 fleet. Some of these buyers are interested in taking over the airline's entire fleet of jumbo jets. And some of them are also keen on technical support from the
    202 words
  • Article
    Naphtha sales won't rise
    518 12  -  •y RONNIE LIM SINGAPORE refineries do not foresee additional demand for naphtha from Japan following the formation of a Joint naphtha import company by six major Japanese petrochemical companies in Tokyo. They feel that while the Republic will remain Japan's main foreign supplier of naptha, the
    518 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      307 12 JT |i i. 4 i; fi 'VwS 1 'i'« S£"£|.L *-<15 /X-vjl U t J Vi.JL -t > r: ?r t >\i NT. U y 'f i v V: •i *-.v. ii s ,i>. r.-a j'-. 4 t\>v.: ivr^.V ;>, V *U I -n ■v. w 4 >;i n 1
      307 words
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  • Article
    SHIPPING TIMES
    3578 13 HI I A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of arrival and dtparturrfrom Singapore port. Consort! ScaaDutch has a joint service man—t with MISC. Thla list gtvea t*tnmU4 arrival dates twa weeks la ad ranee. ABU DHABI
    3,578 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      483 13 Weekly Express Containerised Service To/From U.S.A. f or further details call Singapore *****48 Kuala Lumpur: 2 7019 Port Kelanti 388*60 Penan* ***** 1 EVERGREEN LINE (EVERGREEN MARINE CORPORATION! FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CMGO FOR: SENOA. UTTMM, BEIRUT. ALEIAMMtt. BENGHAZI. TRIPOLI (LIBYA) Spin *Md*P«rt
      483 words
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      Page 13 Advertisements Column 2
      500 13 LIAN SOON SHIPPING TRADING CO (PTE > LTD >1: <tV >1 HOl L NfS .70 stj*" {to Indonesia semen IS-7-71 BALIKPAPAN SAMARtNDA 17-7-71 tUMIT* 14-7-7* UIUNGPANOANG EAST MALAYSIA service 11-7-71 SIM. SAME I. UNA TANG 22 7 71 KUCHING. SIN 14-7-71 HOTA KIMMIU. KUMT INDU/IWXXE EAST SERVICES 11-7-71 BOMMV 22-7-71
      500 words
    • Advertisement
      Page 13 Advertisements Column 3
      173 13 NOTICES FAR EASTERN FREIGHT CONFERENCE SAB AH, BRUNEI AND SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS PORT CONGESTION ISTANBUL Reference Is made to the notice In the press on Saturday, 15th November, 1975. The member Lines of the above Conferences have advised that the port situation at Istanbul has recently Improved
      173 words
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      Page 13 Advertisements Column 4
      0 13 |!=<"\`+}>%+;$:%_|`+~)\^-~&~==^
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      638 14 SHIPPING FULLY CONTAINERISED TO EUROPE Utrm 15/7 18/7 22/7 24/7 28/7 30/7 4/8 6/8 11/8 12/8 Tafeytßay MfN QtyaUMi EXPRESS CONVENTIONAL TO EUROPE Vpm P Uai Tm. mm in* BhwwM** MM* 16/7 18/7 11/8 4/8 18/8 20/8 16/8 13/8 ErtWU 3/8 4/8 5/8 28/8 23/8 6/9 4/9 1/9 3/9 MM*
      638 words
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      Page 14 Advertisements Column 2
      749 14 Z2 SANKYO LINE AUSTRALIA SERVICE P.Mbnc Sincap"* 15/17 11/19 W* UatiNgfcr DIAMOND STAR 15/17 11/19 J«»y EJE^SY? 1, WE MAN U/WMI W? MMMMO. MAYSKY 1/3 »«C f/5% **L* L STD MAYCARP 12/U Ay 10/11 Auf BRtS.SYO BANGLADESH SERVICE MAY CARP 21/22 JOIY 23/24 JULY CHITTAGONG, CHALNA GENERAL AGENTS CONTAMIER BOOHING
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      449 14 mLAND U.S.A./ ASIA SERVICE dry KFticcuTEo container service sailing nw wediiesi*y for CANAPA CARIBBEAN. MPM. KOREA. TRNNM. MMM BONG. THAILANO AND PHILIPPINES r 401H FLOOR HONG LEONG BIDG 16 RAFFLES QUAY S'NGtPORF 1 Custome St'nice Bookmj ???S?2? Terminal ?57 n, j3 7571 137 FULLY CONTAINERISED SERVICE Go on* better to
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      814 14 Everett Lines Burnt Fwt Star Sbippwi C*rpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON B.F.S.S.C. Agents in Malays* TEPS MALAYSIA Port Ketanc Tel (38)-7355 Penanf Tel *****/ ***** m v Com pa ma Ar|witina Da Mave§edee fcO—fc—li S. A. C.I. F. "ARGENTINE NATIONAL LINE" lowing fo* Durban Capetown buenos aires PATAGONIA
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      264 14 nl I KI)I\I W I \H SAI tw Orient Overseas Co*Uci*ieA Line V la P* 12/7 21/7 11/7 27/7 H/7 VI l/l 11/1 < 11/ l M/l i n» 3VI 1/1 tott n rn i BJ acPTWi raanK FROM EUROPE (VIA H Roue KmHimoj Osaka 21/7 23/7 21/7 27/7 2»/7
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      Page 15 Advertisements Column 1
      1122 15 QCL Overseas Containers Limited service re k/cmtimkt: H'buig •'<«* It S'port P. bIW( D'mtrk Srun A'utrf Hrrrt ISM I ta| 7 ta| I ta| II ta| MM >4 (tag I Aag (14 Aag) —w umn MU HUI tmw mt HMLMI camimn mt <itt m umum I km 71 Aag II
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      1237 15 Ben Ocean Arntmrnc* cfßtoldne.Bk]e¥\winelC3en line and NSMO 1.1/11 mm 1/1 Am Stmt Leuoes, Bill**. Amt«»naa. BEHMHM n/ni«t MM LltMl. Bi »a*. Amsterdam. HKNWIM 18/ a M 17 Hat Bilbao. Amste'dam FBBM N CHTWIT (Via M mmmmmmmmmmmmrn Sli>S turoo* Penanf r I* 1 S'"«»RO«e N*> 1»/» Indonesia MK. IS/1? act llMo«*Si*.
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      680 15 I BEN LINE CONTAINERS LIMITED MA m w-» Ft** 7*~ ■IX.'H j»fr Ii I r 11 ,M IN «N II ta taj(M ii 111* Ml« II taf H ta( It tl 14 ti tain taim *S s tat a m ma tt *1 m 11 tat Ixk lint tart a
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      764 15 Scan Dutch CONTINENT/ SCANDINAVIA FMti tnm P. W«| •itttl fort li I .1 I) cti'l 2) Ntwi Jl R d*o s Lb* SI M'Miim P. KflMf S un HI Kin Sailed UM biM SaM Sailed SmN I}/ 1 SmM SCLANIIA ItiM VMM MM UM SUM blri B/ I IT/ 1
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      297 15 GUTHRIE BOUSTEADSTk THE BANK LINE LTD LYKES ORIENT LINE SINGAPORE *****4 PT M I AMG KUALA LUMPUR ***** 1 PtNANG 38b301 3t>/ 301 FESCO LINES SINGAPORE SOVIET SHIPPING CO PRIVATE ITD *5* IrtWlKti |T «M MM ML NM. W (I*l FMM NMMO ti (ailn Wlbsooacs, nitiun m. awvmo-LL mm ■I
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      644 16 "Kline KAWASAKI KISEN KAISHA. LTD IB— glWßiaMfl im HQ ty CsbMmt J "Z'l S'B0« P. Ketoni L.Hawe H'bwg Bremen Mem A'w? I SS S m J? S 5 ii S 5 A S 5 er««r »S«S»SH?*S n a s sum cohiainer nw sMi >in «Mt>n MINI to »l Udm M
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      948 16 E.C.-tt-S.iL/ATLAimC/fiVLF SEWICE ACCEPT)* FO/ICL CKTMKB FIM S'PRRE. P. SUM. PENAK Ir^- t nviu Ml TOM, niTIMMf. WW OOUAM, MMTM s.spoor P. WM| MM E.C./SREAT LAKES SERVICE m, aw wa. «an»m. »mt mmm torn. la*M P. Kilaaf "J.I. WIST ■(MAI" OHtS* 24 Ml) 22/14 S/I7 W» 77/10 10/ IMI CALIFORNIA I
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      980 16 m l. 1 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: n imrc pru sue* S'pore P. Ml*! S-taJto. HW| Brj HEFTOK CMAL la Part 12 My 21 Wf 2 jjj J tiEPIWf PEARL* 2IMT 71 toU »ft Uft It a cnevalierrue a 25 f? «i 2 2 i MMMNC CMTAINEI
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      544 16 MALAYSIA* INTERNATIONAL SHIPPING CO*POKATtO**mMAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MEO/UK/CONTINENT/SCANOINAVIA WIST WW ftMti »!t»{ Vttul Staff 1) MUlllM r«M 3) Htorg 4) Cbut Utmn. L Mm. Mtaa, iaM. N, hM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T« MM. P. M'JM la hrt rata it/tt Mi n/a Mr S'WK* a/a Mr UNlt
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      648 16 f INTRASEA (PTE) LTD TECUM INOEPCNOENT SEMI/FILL CONTAINER SERVICE TO EWPE S 90ft P. ItlM h«nc fl Hr: ((•Kit UIMN *>11 to Part tl M SwM HMrg.OdM 'totrt. lilMlH UKRtI Mil (Caatt sfcp) 1 An Mtan/raaM/VMn/ M'Uilttt.S'lC* (U K.) Ul IMMIM mi) NMI Ja% II M> HlNirc OMm B<wlO(n« 'UUfMI
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