The Business Times, 12 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 WEDNESDAY, JULY 12, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon High-powered team
      68 1 Reuter TOKYO, Tues. A 14-member Chinese electric engineering mission will visit Japan next month to promote cooperation between the two countries In the electric power generating field, the Japan Association for Promoting of Foreign Trade said. The Chinese mission, led by the acting president of the Chinese Electrical
      Reuter  -  68 words
    • Article
      Lock icon Kawasaki cuts back
      63 1 Reuter TOKYO, Tues. A leading Japanese shipbuilder, Kawasaki Heavy Industries, said today It would slash Its shipbuilding capacity and workforce by about 40 per cent to help It overcome a business slump. On Friday, the Shipbuilding Rationalisation Council, a government advisory body, is expected to call for
      Reuter  -  63 words
    • Article
      Lock icon Swiss business
      76 1 Reuter ZURICH, Tues. Union Bank of Switzerland's latest survey of Swiss Industrial firms shows that 55 per cent of respondents expect an Increase In turnover this year but most said profits would decline because of higher costs. Business activity In the current quarter Is expected to be slacker
      Reuter  -  76 words
    • Article
      Lock icon Hua's warning
      64 1 AP TOKYO, Tues. China's Industrial production has leaped 24 per cent In the first six months of this year but the productive capacity of most enterprises has not been exploited fully because of Inept management. Communist Party Chairman Hua Kuo-feng warned that failure to solve those problems could
      AP  -  64 words
    • Article
      Lock icon Second-hand out
      74 1 AFP SEOUL, Tues. In a move to help the domestic shipbuilding Industry ride out the recession, the South Korean government plans to curb sharply imports of second-hand merchant vessels, mostly from Japan. The government also plans to more than double Its shipbuilding funds from the current 70,000 million
      AFP  -  74 words
    • Article
      Lock icon 'Worldly' worries
      64 1 AP TOKYO, Tues. Japanese Prime Minister Takeo Fukuda has warned that unless there Is stability in the value of the US dollar, there will be no stability In International trade. He said US Inflation and the trade deficit are matters of major concern to Japan and European countries
      AP  -  64 words
    • Article
      Lock icon Dow Jones
      84 1 UPI NEW YORK, Tues. Stocks headed higher early today aided by a strengthening of the dollar on foreign exchanges. Trading was fairly active. Several brokers said the dollar's Improvement was caused by speculation before the two-day Bonn summit beginning next Sunday. Some are hoping for action that would
      UPI  -  84 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      123 1 Rises Most octive Coosplant Wrt» 416 +56 Sime Darby 439.000 Haw Par 427.000 D Keramat 920 +20 Kempai 400 16 Cona Plant 425,000 FAN Cona Plant 560 200 15 +11 KLKeponf 267,000 M Cement 298 +10 Total Turnover: 5.13 m Pahan* Cona 216 +9 Total Value: $10.71
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    • Article, Illustration
      In Kuala Lumpur
      168 1 Rises Most active Consplant Wrts Kempas Rah Hy. F and N Consol Pit. A. Amal Berjuntal Pah. Con. Austral UtdPlt 4.20 4.12 5.50 5.05 2.06 5.50 8.80 2.19 3.28 2.52 .50 .22 .20 +.15 +.11 .10 .10 .08 .08 .06 Consplant 1.385,000 Pahang Cons 1.059,000 8. Darby
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  • Article
    Special team studies property sale issues
    354 1 THE Singapore Land and Housing Developers Association has formed an eight-member special committee to look into the Issues raised by the Law Society on practices In the sale of commercial properties. Mr. Lee Chin Chuan, president of the association, said the committee has written
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  • Article
    Asean should enlist aid of the MNCs
    739 1 LAUNCHING BIG PROJECTS ASEAN can easily get its major Industrial projects off the ground by Inviting multinational corporations to do the Job for them, an American International business expert said in Kuala Lumpur. To safeguard their interests and ensure that such a link-up
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  • Article
    Convention centre to get lift-off
    508 1  -  »y TERESA LIM THE PORT of Singapore Authority will decide in two months whether to set up a 4,000-seat convention centre in the World Trade Centre building. If approved, the convention centre should be ready next February. This project will take up the two top
    508 words
  • Article
    Talks with Hanoi leader
    309 1  -  •r SOH TIANG KENG TRADE TIES, diplomatic issues and Asean are expected to dominate talks between Vietnam's Deputy Foreign Minister, Mr. Phan Hlen, and Singapore leaders today. Mr. Phan, who flew in from Tokyo yesterday for a short, unofficial visit will meet Foreign Minister Mr. S.
    309 words
  • Article
    Allotment of UOF shares favours big timers
    245 1 THE small applicant lost out in yesterday'* balloting for the five million $1 shares offered by United Overseas Finance to the public at $1.50 each. This was the result of the basis of allotment under which those who applied for between 1,000 and
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  • Article
    Electronics industry to hand in job blueprint
    413 1  -  ■y FONG MEW LENG ELECTRONICS manufacturers will meet the Government soon to present a two-point plan to overcome labour shortage and to reduce Job-hopping In Singapore. The plan calls for the Introduction of the employment card system and a rise In wages for
    413 words
  • Article
    Lock icon OECD prices slow
    109 1 UPI CONSUMER prices in the 24 OECD industrialised nations rose an average of 0.8 per cent in May, down from April's average increase of 0.9 per cent, bringing the annual average inflation rate to 8.8 per cent. Most of the acceleration in the six-month rate (8.8 per
    UPI  -  109 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      35 1 whatever you need in menswear, get it at... IfiffeliiKSWßij? MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road "W *****22 (next to Mandarin Hotel) Branch: 101, langlin Shopping Cantia DM*****40 Daily :9am-9 pm SEE BACK PAGE
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    • Advertisement
      Page 1 Advertisements Column 2
      92 1 BIRKART FREIGHT NEWS INTERFLOW TANK CONTAINERS STAINLESS STEEL 20 FT ISO TANK CONTAINERS 20,000 L/ 20,000 K CAPACITY AVAILABLE FOR CARRIAGE OF LIQUID CHEMICALS, VEGETABLE MINERAL OILS, LATEX ETC. TO AND FROM SINGAPORE AND MALAYSIA TO: EUROPE AUSTRALIA JAPAN FOR RATES AND FURTHER DETAILS CONTACT: MRS JUDY TEO BIRKART SOUTHEASTASIA
      92 words
    • Advertisement
      Page 1 Advertisements Column 3
      65 1 Leader Page SHIPPING TIMES SINGAPORE totilN aqi WHY yards are bypassed PEOPLE in busineea EUROPEAN yards' outlook THIRTY years of the deutsphemark HONG Lmb| Finance set to reap the rewards CHEAPER way iato Coosplant WHAT'S keeping Rosy dewa EARNINGS at Natioaal Bank of Brunei MEMOPAD 2, CROSSWORDS 2, AIRCRAFT SCHEDULE
      65 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 SEE PAGE 2
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    • Advertisement
      Page 1 Advertisements Column 5
      279 1 TA LITE World s first nth 2 sensors P P PROGRESSIVE B4TERPR6E PTE UD The Olivetti Copia 405 copies anything crisply In only 4 seconds. It has built-in extras that are unique. Olivetti's beautiful compact, desk-top Copia 405 copies just about everything, three dimensional objects and bulky originals. It comes
      279 words
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  • TRADE AND INDUSTRY
    • Article
      S'pore textiles threatened on two fronts
      617 2  -  Br FONG MEW LENG SINGAPORE textile manufacturers not only have to contend with protectionist export markets but they are being threatened In the home market with cheap textiles from Japan, Hongkong, Taiwan and South Korea. A local manufacturing source claimed that the open market
      617 words
    • Article
      Transfer investment to Third World call
      518 2 MULTINATIONAL corporations can help overcome protectionist pressures by transferring their Investment from weak industries in the advanced countries to developing countries like Malaysia which have a comparative advantage in the production and export of resource-based manufacturers. In doing this, the multinationals would be contributing
      518 words
    • Article, Illustration
      NOT THE CHAIRMAN
      44 2 Mr. Felix L. Atienza (above) has been appointed general manager ot tne engineering division of Certact Pte Ltd, formerly Atkins, Kroll and Co Singapore. In yesterday's Business Times, Mr. Atienxa's picture was incorrectly captioned as the company's chairman, Mr. Max Lauchli.
      44 words
    • Article
      American firms seek agents
      132 2 SIX OF THE 21 American companies participating In the current Communication Equipment Exhibition are looking for agencies and representatives in the Asean countries. Only one, however, RFL International, manufacturers of magnet processing equipment, thermal control and measuring instruments and power standards, is looking for representation In
      132 words
    • Article, Illustration
      Crushed ice in the pipeline
      166 2 Fish agents who need to supply fishing fleets with crushed ioe in small or isolated ports where commercial ice crushing facilities are not available, can now make use of a small crusher which is capable of supolvinc ud to 20 tonnes daily. The ice-crushing unit
      166 words
    • Article
      Why Tokyo yards are one up on locals
      384 2 SINGAPORE lacks a complete Infrastructure to level with J-iipan in shipbuilding, shiprepairing and marine engineering. Mr. Robert Young, the chairman of the American Bureau of Shipping (APS) was commenting on an article In yesterday's Straits Times about shipbuilding yards here being bypassed
      384 words
    • Article
      Call for safety code in travel industry
      295 2 THE TRAVEL Industry should draw up safety rules and standards to protect clients from accidents. Mr. Alphons Rulter, executive vice-president of Travel Inns International Sdn Bhd, said this could be done on an individual and or Joint basis. He was speaking on ••Travel
      295 words
    • Article, Illustration
      ENVOY TO FRANCE
      98 2 LAWYER David Marshall (above) has been named Singapore's first ambassador to France and is expected to take up his new appointment later this year. Mr. Marshall, 70, Ls currently, a practising lawyer and ls a senior partner of the law firm, David Marshall. As a founder and
      98 words
    • Article
      MEMO PAD
      331 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC July 6-13: Financial aspects of personnel mngt, Hilton, POD July 13-14: Consumer marketing for managers, Hilton, Price Waterhouse July 17-19: Increasing Hotel •Sales Effectiveness, KL Hilton,
      331 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      172 2 HARRISONS and Crosfleld (Singapore) Pte Ltd. has appointed Mr. T.C. Ang and Mr. T.R.E. Janien as directors of the company effective July 1. Mr. Ang, an accountant, Joined the company in 1967 and Mr. Jansen, who ls In charge of the company's import/ export department, in 1952.
      172 words
    • Article
      Bank's computer link-up
      347 2 THE CHARTERED Bank has Installed a new computer system linking Its Battery Road branch to its main computer at Crosby House. The system, which was commissioned yesterday, is the first to be linked processor to processor in Singapore. Two NCR-8250 computers, costing $320,000, were installed in the
      347 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      451 2 THE GOVERNMENT OF MALAYSIA CONSTRUCTION OF BINTULU DEEPWATER PORT CONTRACT NO. 3 DREDGING (International Contract) NOTICE OF PREQUALIFICAHON OF TENDERERS The Government of Malaysia hereby invites suitably qualified and experienced contractors for prequalification for Contract No. 3 Dredging, which forms part of the several contracts for the construction of Bintulu
      451 words
    • Advertisement
      Page 2 Advertisements Column 2
      97 2 'ipWI^MV.Vt'IVV^MVV'U In days of yore. When Henry Four Was trying hard to keep Rebellion down. In London Town A tavern in Eastcheap i Had great renown: Here did the Crown Prince Henry entertain. With clack and smack And Kits of sack His sycophantic train. The Boar's Head Inn (A synonym
      97 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      624 2 I -IR-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Worker excluded from the Royal Society? (6) 7 He likes to be there first (8) 8 Rules that may take a bit of swallowing (4) 10 On which one climbs to be weighed? 11 Give up being a singer. possibly (6) 14 He
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      253 3 *r> VT: m •i i v r i fcrs, 53« 4* 4*vß $v J2Bm -1 &i a ;> ,*•'v<B H r k vft >4 'A SK Yi. y <S> 2 1^ Jf Ik "V S& /V if "i i V yz 18-storey ultra modern luxury Apartments V 7 —r- m
      253 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      510 4 OPENING prices were marked down one and a half cents on lower London advices yesterday, but thereafter the market recovered the loss on speculative and covering interest. Prices held quietly steady towards the morning's close with turnover moderate. The morning session closed slightly higher with August
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    • Article
      R.A.S. PRICES
      340 4 Price* In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S prompt f.o.b. Int. 1 R S.S August Int. 1 R.S.S. September Int. 2 R.S.S. UK/Cont. Int 3R S.S. UK/Cont. int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Buyers 223.75 224.50 224 75 215.00
      340 words
    • Article
      SSR AND SMR
      103 4 NOON SSR and SMR prices yesterday August Sep (ember HAS (Cum t Mth) {Form an» Mth) Buy en Mien Buyerfc Sellers (cent* par kg) (cent pw kg) SSR 20 (1-ton pallet) 210 00 212.00N 211.00 213.00N SSR SO (1-ton Pallet) 208 00 210.00N 209 00 211.00N M.R.E.L.B.
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    • Article
      Closing prices
      30 4 Rubber: July 11 Singapore: August 225.50 cents (up one cent) Malaysia: August 229.76 cents (up one cent) Tin: Mf1.741 (up $35) Official offering: 206 tonnee (up 40 tonnes)
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    • Article
      Rice
      194 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) White Rice: 100 pet Ist class 432, 100 r:t 2nd class 417, 100 pet 3rd class 412, pet 403, 10 pet 389. IS pet 377, 20 pet 372, 25 pet 362, 35
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    • Article
      Lead
      89 4 LEAD rose by £2 all round In London yesterday. The advance In copper together with the continued tightness of good quality metal and relatively poor offerings of scrap all combined to produce a very steady tone In the morning, dealers said. Some chart buying was also apparent with Three
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    • Article
      Produce exchange
      408 4 PEPPER prices were easier on the Singapore produce market yesterday. Black and white pepper prices were down by $2 50 per plcul. No arrivals were reported and buyers did not budge from their positions. A packer said the uncertainty over the future path of tne US dollar was
      408 words
    • Article
      Coffee
      347 4 ROBUSTA futures In London yesterday opened steady L' 27 to £12 per tonne down from Monday night. Turnover was 168 lots. Dealers said values declined on light commis-sion-house selling following Monday night's easy "C" contract close in New York. Arablca futures opened dull and tradeless and mostly US$2 higher
      347 words
    • Article
      Cocoa
      158 4 TERMINAL cocoa in London yesterday recorded first-call losses of £6.50 to £15 per tonne mainly against New York and firmer sterling. Open trading was thin, however, with prices moving within a narrow trading range. Dealers attributed some underlying support at the opening call to trade and chart buying. They
      158 words
    • Article
      Palm oil
      75 4 C.I.F. North European port*, in US dollar per ton unless otherwise LONDON: Moaday Malaysia 5% ffa bulk per tonne Sept 000 sir 810 sir Sumatra 5* ffa bulk July 700 sir 702.50 sir August 855 sir 880slr/852.50pd September unch 810 sir October 580 slr/577 Wpd 500slr/5Mpd November unch
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    • Article
      Straits tin
      213 4 THE STRAITS tin price In Penang yesterday firmed MS3S to $1,741 per plcul. Values rose sharply following strong buying support prompted by the firm closing In London on Monday, dealers said. The continued low supplies of tin metal by miners also contributed to the rise, although turnover increased
      213 words
    • Article
      Sugar
      238 4 TERMINAL sugar In London yesterday morning opened £0.85 to £0.50 per tonne down In a turnover of 966 lots. Prices continued their easier trend at the opening under commission house selling which, however, met good scale-down buying and short-covering Interest. There was no fresh news and dealers were awaiting
      238 words
    • Article
      Hongkong comex
      185 4 THE sugar market yesterday closed 0.17 to 0.23 US cents lower In continued featureless trading, with eight lots traded against nine on Monday. Trading was restricted to trade-house selling in anticipation of further decline, with sentiment still bearish in the world market, dealers said. The Hongkong daily spot
      185 words
    • Article
      SPOT PRICES
      188 4 YARN and cotton tn Hongkong dollars spol ex-godown Cotton Yarn: China Blue Phoenix 20a 1.715: 32* 2,190: 40s 2.270 (per bale of 400 lbs) Piece Good*: China Butterfly andOlobe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq (per piece 30 inches
      188 words
    • Article
      Soybean
      221 4 CHICAGO soybean futures on Monday closed lower In old crop Months, but higher In new crop contracts, on unwinding of bull spreads. Traders said prices fluctuated In a restrictive eightcent range. Some selling pressure In nearby Months stemmed from trader expectations that soybean export inspections last week would fall
      221 words
    • Article
      Wheat
      107 4 WHEAT futures finished at the day's lows with losses of mostly 3-Vi US cents a bushel In Chicago on Monday. Traders said heavy selling by a local commission house, believed to total more than two million bushels of the July, September and December, drove prices lower near the close.
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    • Article
      Copper
      316 4 COPPER wirebars In London yesterday finished the morning up £4 all round. There appeared to be some Improvement in sentiment In the morning based on moderate physical demand and projected higher LME copper prices by CI pec's secretary-gene-ral for the last four months of this year. Short-covering and some
      316 words
    • Article
      Silver
      231 4 THE Hongkong silver market yesterday closed 50 HK cents higher at HK5246.50 per 10 ounces but at the day's low on lack of trade support. The market opened at the day's high of HK5248.00, while the day's fixing price firmed HKSI to HK5247.00. The local closing was equivalent to
      231 words
    • Article
      Gold
      448 4 THE KILOBAR in Singapore yesterday opened at 5513.876 and turned easier to close at a low $13,810. Spot gold for London dellvery opened at US$lB6.lO/40 and closed at 8185.20/50. The London morning gold fix was U*****.35. down 70 cents on the previous fix. Source: Singmas Retail prices per tael
      448 words
    • Article
      Zinc
      84 4 ZINC finished the morning down £2 all round in London yesterday. This metal advanced initially In sympathy with copper but the higher levels attracted profit-taking following Monday's rally on chart and stop-loss activity. Three Months traded up to £327 but fell back to £323 at the close. On Monday,
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        492 4 THE US dollar rose against major currencies on the foreign exchange market yesterday. Against the yen, it made a gain of over 100 points. Opening at 201.20/30 against the yen, the US unit remained at that level till London opening. It was then taken up to 202.40/60 in
        492 words
      • Article
        Asian $ & CD rates
        170 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 11: USDoll Offer 81/16 715/16 8 J/16 81/16 8 3/8 81/4 811/16 9 9/16 .9 8 7/8 9 3/16 91/16 91/4 91/8 8w. Fn (Mtdrfl u Dm IcPriow) .19/16 31/2 ..15/6 31/2 .2 3 7/16 .21/8 3
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      • Article
        Discount
        46 4 RANGE of price* offered by discount houses on July 11: Overnight 2% to 3*H Call deposits 3*% CWm Buying Mlllf 3-month Treasury bills 35/16 3 3/16 3-month Bank bills 5S/» 51/2 3-month CD 5 5/8 51/2 9-month CD 57/> 53/4 Source: National Discount Co Ltd
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet customers is 7 per cent.
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      • Article
        Australia/NZ
        60 4 AUSTRALIA and New Zealand exchanges on July 11: AU8TRAUA: US dollar 1.1521/ 1.1473 Sterling 0 6122/ 0.6064 Ninety-day airmail buying rates: Sterllnc 0.6323 US dollar 1.18S2 Ninety-day forward buying rate*: Sterling 0 8128 Us dollar 1.1462 NEW ZEALAND Sterllnc 0 5508/ 0 5478 US doUar 1 0424/ 1 0324
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      • Article
        Zurich
        60 4 ZURICH exchanges closing quotes on July 10: US 1.M00-M15 SI* 3 4083-4120 Cut 1 9028-8048 D Mk 88 2288-3348 D F1 81 8368-9422 P Pr 40 6229-7027 B Pr t.lMMUl D Kr 32.2110-3474 N Kr «W-S3K 8 Kr 30 7570-TWO Ut 0 2127-2130 Aus ach 12 2324-2508 Port 3
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      • Article
        London
        184 4 THE dollar yesterday tended higher against most major currencies in opening trading, partly as a proflttaklng reaction to Monday's sharp fall. Trading was described as lively with a good measure of two-way dollar/ mark and dollar/ yen spot business reported. The mark, from an early indication of 2.0435/50 per
        184 words
      • Article
        New York
        227 4 THE dollar opened sharply lower here on Monday but regained some of the lost ground later in the day to close above the day's lows. Trading was active In the morning but was quieter later in the day. Sterling, aided by an unconfirmed report of a large North
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      • Article
        Tokyo
        147 4 THE dollar for overnight delivery yesterday closed at 201.51 yen. up from a 201.30 opening, but slightly down from 201.55 at Monday's close, dealers said. Trading was light with volume US$333 million. No central, bank intervention was detected. The dollar edged up in quiet late trading after an initial
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      • Article
        Hongkong
        96 4 IN QUIET trading with the market moving cautiously ahead of the Bonn summit, the US dollar yesterday closed slightly weaker than New York's closing levels. The dollar eased narrowly to 201.30/40 yen from 201.55/65 In the US but rose from Its 201.20/30 opening, and fell slightly to 2.0425/ 35
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      • Article
        Euro $ rates
        101 4 Euro rates LONDON Eurodollar deposit rates had a slightly offered tendency In early trading after a steady opening yesterday, continuing the recent trend due to a plentiful supply of funds. Dealers said period rates were little changed but had a slightly easier undertone In gulet and patchy early trading. Usual
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      • Article
        Frankfurt
        44 4 FRANKFURT exchanges opening quotes on July 11: US 2.0430/40 (2.0400/12) Can 1 8260/80 stc 3.661/671 D PI 02 64/80 8 Pr 112.6S/M Ut 2 41/42 P Pr 46.00/10 N Kr 36 00/10 B Pr (eon) 6 347/357 B Pr (fin) 6.27/2* Yen 1.0115/30
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      176 4 The World's Supreme Storyteller Roald Dahl is one of the world's most accomplished and successful storytellers. He has enjoyed huge success with both children and adults on both sides of the Atlantic. Switchbitch, Charlie and the Chocolate Factory, Charlie and the Great Glass Elevator, and Danny the Champion of the
      176 words
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  • TRANSPORT
    • Article
      Lock icon Bleak outlook for European yards even after 1980
      608 5 Reuter THE EUROPEAN shipbuilding crisis resulting from over-capacity and generally weak economic conditions will last beyond 1980, hitting possibly well over 50 per cent of the Jobs In the Industry, HapagLloyd acting managing board chairman Hans Jakob Kruse said. This compares with
      Reuter  -  608 words
    • Article
      Lock icon Texas Airlines casts eyes on National
      315 5 Reuter TEXAS International Airlines, which serves the southwest of America and Mexico, expressed an Interest In getting control of National Airlines, but aviation experts were doubtful if a compromise can be worked out. The Houston-based air carrier said It has acquired about 9.2 per
      Reuter  -  315 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      677 5 ARRIVALS Service Local Operator Number Time From OIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL OIA GA944 1055 PKU OIA GA908 1100 MES UB UB231 1115 RON THAI TG981 1120 BKK PAL PR501 1125 MNL
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    • Article
      Medafrica sets up 2 offices
      104 5 MEDAFRICA Line of Genoa will set up an owners' representative office in Singapore next month and also in Yokohama. These two offices are part of the shipping line's expansion in the Far East/ Nigeria trade. The service now links Far East ports with Port Harcourt
      104 words
    • Article
      Hop aboard the new inter-city plane by '82
      410 5 BRITAIN approved a US$5OO million (551.15 billion) programme on Monday to produce a new 70 to 110-passenger lnter-city alr-llner. The announcement made in the House of Commons estimated a world market for about 1,200 craft of the feeder-Jet type by 1990. The
      410 words
    • Article
      Lock icon LONDON FREIGHT
      173 5 UPI US OULF-JAPAN grain fixing was the only active business done on a generally dull market on Monday. Unfortunately, business was not active enough to prevent further rate markdowns. The Fuhwo Venture accepted the 40 cents lower figure of U5513.60 (FIO) for a 30,000-tonne July shipment, while the
      UPI  -  173 words
    • Article
      FAR EAST FREIGHTS
      1181 5 OWNERS are and will be under heavy financial pressure. Nevertheless opportunities abound: Pertamina is now on the market for 16,000 DWT clean tanker for one year T/C and a fiveyear option trading Far East delivery preferred S'pore. An excellent 3,000 DWT log carrier available for purchase at
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    • Article, Illustration
      SHIPS IN PORT
      383 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Buml Indah Raya (0700) 26 Dlvnogorsk (1100) 35/36 Hoegh Orris (1500 after Protesllaus) 1/2 King River (0600 after Klnzan Maru hauls) 14 Lumut (0600) 21 East Rajah Brooke (1300 20 Ramoneverett (1200) 18 Singapore Island (1100 after Samson) 23/24 Western River
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    • Article
      Lock icon Orient Leasing appeal
      281 5 AP ORIENT Leasing of Tokyo, is to appeal a Canadian Federal court decision to free a Japanese ship which has been sitting idle in Hamilton Harbour since its arrest on June 28. A Federal court official said on Monday that the company lawyers will appear before the
      AP  -  281 words
  • Page 5 Advertisements
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  • Article
    A boost for our status
    287 6 PRESTIGE-SIZE convention centres, as they go, are rarely money-making projects. And the proposed convention centre for the top two floors of the World Trade Centre must not be looked on as a potential money spinner by its builders. But that is not to say that
    287 words
  • Article
    Transport problem
    229 6 There is one reservation, however. It may not be all that easy to transport 4,000 delegates and observers from the main hotels in town to the convention centre at Jardlne Steps. But Sentosa Development Corporation has already ear-marked three sites for hotels and delegates may reach the centre
    229 words
  • Article, Illustration
    THIRTY YEARS OF THE DEUTSCHE MARK
    4039 6  -  German external economic strength had adverse effects as well as beneficial ones The obligation to i intervene i under the so-called 'snake' still remains By OTMAR EMMINGER President of the Deutsche Bundesbank THIRTY YEARS ago, the Reichsmark, which had bam eroded by the war
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      265 6 Sandeman's Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quality product from 405/407 Havelock Road, 9'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
      265 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 IWEATHERi WEATHER outlook for Singapore from 6 a.m. to noon today: cloudy with occasional showers. Report for 24 hours prior to 7.30 p.m. on July U at the airport: Maximum Temperature 28.5° C Associated Humidity 77 Minimum Temperature 22.4° C Associated Humidity 96 Hours of Sunshine 0.50 Rainfall in Millimetre*
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      271 6 TV RADIO SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Midnight Shorty (Repeat)* 3.30 Diary of Events (Malay)" 3.35 Bonanza Starring: Lome Green, Dan Blocker Michael Landon 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction Make Room For Baby (Repeat)* 6.30 News in Brief* 6.35 Timang
      271 words
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  • Article
    Inflation turns very quickly into wage cost inflation
    399 7 In the winter of 1977/ 78, the Bundesbank temporarily tolerated an even larger overshooting, caused partly by its substantial foreign exchange purchases and partly by changes In the cash holding habits of the public. When the foreign exchange markets are in turmoil,
    399 words
  • Article
    Chinese are world's supreme gardeners
    886 7 FOBPMSfej^ On China J JOHN CHIMUNGTON CHINA is an enormous country, but of the total area only about 11 per cent, or 100 million hectares. Is classed as cultivable. Each of these hectares provides the basic food and clothing for between eight and nine people.
    886 words
  • Article, Illustration
    STRAWS IN THE WIND
    614 7 EVER wondered why that noonday cannon booms out dally across Hongkong's harbour, as Immortalised In British satirist Sir Noel Coward's lines, "In Hongkong, they strike a Qong and fire off a noonday gun, but mad dogs and Englishmen go out tn the midday sun". It seems
    614 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      370 7 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 Orchard/Cavenagh Roads, Singapore 9 HOLIDAY INN SINGAPORE 25 Scotts
      370 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Amsterdam prices quietly mixed
      482 8 EUROPEAN MARKETS AMBTERDAM share prices closed quietly mixed on Tuesday with Dutch Internationals lower led by Akzo and Hoogovens. Elsewhere firmer shares included KNSM, Fokker and IHC, while lower Issues Included KLM, Stevln and Adrlaan Volker. State loans edged lower In dull trading. Turnover on the
      482 words
    • Article
      Amsterdam
      184 8 JULY M Fls ABN 304.50 -0.3 Ahold 104 70 +0.2 Akxo 28.50 -0.8 AMEV 81.20 -0.5 Am fas 103.00 unch Amrot Bank 75.70 +C.2 Bergoss 55.00 -1 Berk 91.10 unch Bote 70.50 +0.3 BorsumlJ 157.50 -I Burhmann 71.20 -0.3 Byenkorf 94 20 -0.3 Calve Delft 170.20 +0.2 Dell Mlj
      184 words
    • Article
      Zurich
      181 8 JULY 1* Francs Actions Sulsses 285 +1 Alusuiwe Br. 1240 +5 Alusulsse Reg. 505 unch Brown Boverl Br 1840 +5 ClbaGelgy Br. 1100 -5 ClbaGelgy PC 820 -15 Clba Oelgy Reg 584 -3 Credit Suisse Br 2155 -10 Credit Suisse Reg 407 -1 Elektrowatt Br 1740 +5 George Fischer
      181 words
    • Article
      Paris
      270 8 JULY 10 FYs CORBEILLE Alr-Llqulde 311 unch B S N Oervals Danone S22xd -24 C S F (ThomsonCsf) 281.80 +2.8 Cle Francalse des Petroles 137 -1 Compagnle Flnanclere Compagnle Gener&le 357.80 +5.9 Credit Fonder De France 351 +1 Hachette (Llbralrle) 238.90 +3.9 Machines Bull 41.10 +0.3 Mlchelln(B) 1284xd -3
      270 words
    • Article
      Frankfurt
      221 8 JULY l« Dm Aef-Telefunken 77.10 -2.1 Akzo 28.30 -0.6 Allz Leber. 670 unch Allz Vers 477 1.5 BASF 131.10 +0.1 Bay H T Wbank 290 B Bay Vbank 320B -1.5 Bayer 133 00 -0.5 BBC 306.70 -4.8 BMW 248 00 unch Cassella 383 11 Chem Verw 240 ♦1 Commerzbank
      221 words
    • Article
      Milan
      94 8 Anlc 99 -0.75 ***** -30 +3 -112 -8 B&stogl Centrale Flat 469 3738 1809 Flnslder 128 -0 75 Q«n Immob 74 25 +0.75 IFIPrl 2235 -42 Italcementl ***** 185 Italgas 694 >-9 It&lslder 250 +5 Magnetl M Pt SIS -S Marelll Ere 316 75 -2.25 Medlob ***** -160 Mlralanza
      94 words
    • Article
      Brussels
      93 8 JULY 10 Frs 47FORWARD MARKET Acec 313 -3 Arbed 2335 ♦5 Astur 600 20 Brascan 464 -I Bru-Lamb 1500 -s Canpac 534 -8 Cock 470 unch De Beers 186 ♦4 Ebes 2230 -10 Electrobel 6560 +20 Gb-Inno-Bm 2210 unch Gev 1298 -2 Hobok 2400 +50 Petro 3690 unch Ryl
      93 words
    • Article
      Selected indices
      62 8 FINANCIAL TIMES INDUSTRIALS Monday 485.5 Friday 455.6 Week Ago 458.1 DOW JONES AVERAGE INDUSTRIALS Monday 816.79 Friday 812.46 Week Ago 812.89 LONDON DOLLAR PREMIUM Monday 109% to 110% Friday 110% to 111% H.K. HANG SENG Tuesday 580.42 Monday 573.13 Week Ago 564.72 SYDNEY INDUSTRIALS Tuesday 426.72 Monday 425.35
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    • Article
      Jo'burg
      332 8 GOLD shares were firmer across the board reflecting the higher bullion trend, dealers said. The industrial market was mixed with a firmer bias. JULY I* Rand INDUSTRIALS A Alpha 12S unch A be room 175 -3 AE And CI 280 ♦5 AMIC 1025 unch Barlows 420 5 Cf Sugar
      332 words
    • Article
      Toronto
      231 8 SHARE prices closed higher In active trading. The composite index was up nearly rive points with advances in 12 of Its 14 component groups. Gains outnumbered losses 228 to 191. JULY 10 CS Abiubi 13 Alcan 30 Algoma 20 Bank Mont 22* Bank Nova Scotia 20't Bell Tel 56
      231 words
    • Article
      Lock icon Blue chips level off
      576 8 TOKYO Source: DBS-Daiwa BLUE chips stopped rising, but their prices still remained at high levels. The Nikkei DowJones average retreated slightly, since Investors took profits. Turnover was relatively Ught estimated at 320 million shares. In the morning session, export-related Issues declined sharply, mainly due to the
      Source: DBS-Daiwa  -  576 words
    • Article
      Lock icon Hongkong
      337 8 Source: SHK Sec From early weakness witnessed In some short-selling by some large Chinese speculators, the market recovered towards lunchtlme yesterday and continued to Improve almost to the close when selected profittaking caused a mixed finish Hang Seng Index 580.42 +7.29 Turnover: HK5140.32 million. JULY II HK* Amal Rubber
      Source: SHK Sec  -  337 words
    • Article
      Manila
      134 8 THE market closed mixed yesterday with minings posting slight gains on firmer copper prices while oils and commercials eased moderately, dealers said Turnover rose S.95 million pesos from Monday's 6.17 million. Acoje Mining .0105 unch Atlas Con A Atlas Con B 19.10 ♦0.3 Bafulo Gold 0064 unch Benguet Con
      134 words
    • Article
      Sydney
      398 8 THE market was generally firmer yesterday, with BHP the main feature on speculation over its Bass Strait exploration activities, dealers said. BHP rose 14 cents to a year's high of 7.54, while elsewhere. CRA gained seven to 2.57 on speculation over results of Its Ashton diamond prospect testing. Among
      398 words
    • Article
      Bangkok
      230 8 THE market closed slightly higher yesterday, and the Book Club Index rose 0.30 of a point to 184.88 on turnover of 27.3 million baht. Dealers said Bangkok Bank rose two baht to 278, Lee Kwang Ming Trust five to 235, Jalaprathan Cement one to 289, Slam Cement two to
      230 words
    • Article
      CHICAGO BOARD OPTIONS
      1618 8 July 10 VOLUME on the Chicago Board Options Exchange eased to 94,361 contracts from Friday's 105,569. OPTION JLY OCT JAN 8TOCK Alcoa Alcoa Alcoa Am Exp Am Exp Am Exp Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P 40 45 SO 30 35 40 40 40 45
      1,618 words
    • Article
      Shares end on a firm note
      1209 8 NEW YORK STOCKS firmed late In a mostly lower session on Monday as Investors puzzled over Interest rates and Inflation. Analysts raised doubts about whether the Federal Reserve would continue to be as aggressive In forcing up Interest rates to slow Inflation as earlier
      1,209 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      120 8 JO in PAN Paperback LE CASUS < npTTT? HONOURABLE SCHOOL' HIS LATEST #1 WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME Ihe ultimate e>pionage novel. I."ini"ii H uMitmill' are the -i u irul < ieorjie .ind 11 >mpan\ ,trc hack I' i- hard to Mr
      120 words
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  • OVERSEAS
    • Article
      Lock icon Central bankers lack faith in Bremen results
      683 9 Reuter CENTRAL bankers at the Bank for International Settlements (BIS) are very sceptical of the results of last week's Bremen summit. They said the proposals for a new European mone,tary system are still only very general and It would clearly take a long
      Reuter  -  683 words
    • Article
      Lock icon When more rules cost US$35b
      542 9 Washington Star A SAMPLING of regulations coming up for action by Federal agencies could cost US businesses and consumers US$35 billion (SsBo billion) a year, the Carter Administration's chief inflation monitor calculates. The regulations could also impose capital costs totalling $60 billion for equipment, construction,
      Washington Star  -  542 words
    • Article
      Lock icon Treasury yields rise
      283 9 Reuter AVERAGE effective yields on US Treasury bills rose to 7.188 per cent for threemonth bills and 7.515 per cent for six-month bills at the latest weekly auction. The three-month yield was up from 7.058 per cent the previous week and was ttje highest since the 7.524
      Reuter  -  283 words
    • WORLD IN BRIEF
      • Article
        Lock icon FLOOD HAVOC AT BORDER
        516 9 Agencies TORRENTIAL rains on the Pakistan-Afghanistan border area have turned rivers Into floods, killing and Injuring more than 200 people and wiping out more than 60 village. More than 700 homes have been swept away. Along the 480-km stretch affected, officials said 30 people have been
        Agencies  -  516 words
    • Article
      Lock icon Another plan to step up German economy
      168 9 Reuter THE WEST German Technology Ministry has drawn up a paper recommending a 12 billion mark ($13.4 billion) five-year government programme to support key areas of Industrial Investment. The government will discuss the suggestions in the context of the general debate now taking
      Reuter  -  168 words
    • Article
      Lock icon XEROX GUILTY OF ILLEGAL MONOPOLY
      265 9 NYT A FEDERAL Jury said on Monday that Xerox Corporation had maintained an illegal monopoly of plain-paper copying machines, but It apparently reduced sharply the amount of damages likely to be won by the SCM Corporation In its long antitrust action against Xerox. The decisions,
      NYT  -  265 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Ashland sells stake to Kaiser
      167 9 Reuter ASHLAND Oil Inc and Kaiser Resources Ltd said they agreed In principle that Ashland OU will sell Its 83 per cent interest in Ashland OU Canada Ltd to Kaiser Resources. The companies said the agreed price for Ashland Oil's 11 million shares of Ashland
      Reuter  -  167 words
    • Article
      Ford recalls trucks
      66 9 FORD Motor Co said it will ask owners of about 125,000 1975-1978 F-, B- and LNserles medium trucks and 1970-1977 L-800 heavy trucks equipped with 330-, 361-, 389- or 391-CID FT engines to return them for replacement of four blade engine cooling fans. Ford said In Dearborn,
      66 words
    • Article
      Lock icon Paine Webber sets its sights high
      958 9 N.AMERICAN j NYT WHEN Paine Webber Inc Joined Wall Street's merger parade last year by acquiring Mitchell, Hutchins Inc, the conventional wisdom was that Paine Webber's motive was to pick up a first-rate research organisation. That was true in itself, but In the deal
      NYT  -  958 words
    • Article
      CITICORP'S JAPANESE SUBSIDIARY
      230 9 r ASIAN L CITICORP, the parent company of New York'* Citibank, will become the fourth American bank holding company to establish a wholly-owned consumer finance subsidiary in Japan, its officials said. It will be Citicorp's second venture into the Japanese consumer credit market. It already owns half
      230 words
    • Article
      Merger will boost HSBC
      252 9 UK BROKERS, James Capel says the HSBC Marine Midland Banks tnc merger is a well thought out strategic move, which at a stroke, transforms HSBC Into a major International bank with a significant exposure to the world's richest market. There are significant advantages to both parties,
      252 words
    • Article
      Hankhadlass Industry
      89 9 THE Hankhadlass Industry Co Ltd of Korea has signed a US$32 million loan agreement with a syndicate of International banks for the construction of a F9-5 glass plant, BA Asia Ltd. Bank of America's merchant banking subsidiary, announced on Friday. It said the syndicate comprises nine banks Including
      89 words
    • Article
      Lock icon African bank
      98 9 < BONDS&LOANS 4 Reuter THE African Bank said It plans to offer US$4O million of floating rate notes due 1983 In an Issue underwritten by a syndicate managed by Credit Suisse White Weld Ltd and First Boston (Europe) Ltd. The notes, which are expected to be priced at
      Reuter  -  98 words
    • Article
      Lock icon Midland International
      61 9 Reuter THE amount of the Issue by Midland International Financial Services BV of floating rate notes due 1993 has been Increased to US$l25 million from the 100 million originally planned, lead manager European Banking Co Ltd said. The borrower is the finance subsidiary of Midland Bank Ltd. The
      Reuter  -  61 words
    • Article
      Lock icon Dispute cuts into Springer profit
      360 9 f EUROPEAN FT WEST Germany's biggest press and publishing group, Axel Springer-Verlag, suffered direct losses of over 40 million deutschemarks from the bitter dispute In the printing industry this spring. Mr. Peter Tamm, general manager warned that Springer could not now expect to do more
      FT  -  360 words
    • Article
      Lock icon Fournier takes over L'Aurore
      470 9 FT THE MAN who launched the Carrefour supermarket business 19 years ago, Mr. Marcel Fournier, Is to take over the running of L'Aurore newspaper group, bought by a group of business Interests from textlle magnate Marcel Boussac. The newspaper L'Aurore, which ranks fifth In readership among
      FT  -  470 words
    • Article
      Allianz expects a good year
      102 9 ALLIAN& expects good results In Its 1978 overall business year, Wolfgang Schleren, managing board chairman, told the annuarmeeting. However, the insurance company could not give any Indication of dividend prospects for thisyear. The payment for 1977 was 10 deutsche marks, unchanged on the previous year,
      102 words
    • Article
      Lock icon De Beers
      61 9 AFP THE de Beers Organisation which markets almost all the world's production of diamonds announces that Its sales Increased by 24 per cent In the first half of this year to U551,223 million. The rise in dollars over the previous half-year was $235 million. The Increase over the
      AFP  -  61 words
    • Article
      Lock icon Alcan workers go on strike
      98 9 Reuter MORE than 1,200 workers at Alcan Canada Products Ltd, wholly-owned by Alcan Aluminium Ltd, went on strike to back contract demands. Members of the United Steelworkers of America and the International Association of Machinists and Aerospace Workers have been without a contract since June
      Reuter  -  98 words
    • Article
      ITT to reduce telex charges
      101 9 INTERNATIONAL Telephone and Telegraph Corp said it plans to reduce charges on telex calls from the United States by up to 25 per cent. In a request filed with the Federal Communications Commission, It asked that all current rates for telex calls from the US
      101 words
    • Article
      Lock icon LA SEDA IN THE RED
      214 9 FT LA SEDA de Barcelona, the leading fibre producer In Spain's most Important textile region, finished 1977 with losses of 410 million pesetas against a marginal profit In 1976 of 65.5 million. The money value of La Seda's sales in 1977 Increased by 11.7 per
      FT  -  214 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      37 9 a division of PERKIN-ELMER is helping people the world over succeed with computers Let us help you, write or call: Perkin-Elmer Data Systems (Far East) Private Limited 30th Floor. UIC Building. Shenton Way, Singapore 1. Tel *****49
      37 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1613 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal
      1,613 words
    • Article
      Government bonds
      9 10 4 V 4% 15/1/80 250.000) (2) 100.40
      9 words
    • Article
      Stock options
      142 10 STRIKING prices of the stock options officially listed on the Stock Exchange of~Slngapore, the periods, bid and offer prices and business done yesterday with the number or options traded shown In brackets. Pan Electric (Sept SI.SS) (2) 0.70 Closing tone: Slightly easier Turnover: Unofficial figures supplied by the
      142 words
  • Article
    SHARE INFORMATION SERVICE
    2532 10 1978 HiCk Low Company Last Sale +orGr'i Div Div C'vr Gr'» Y'ld Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIALS 230 233 172 260 83 276 268 210* 478 474 132 123* 112 195* 60 Vi 162 173* 140* 256 394 Ac ma Alcom Allied
    2,532 words
  • Article
    Unit trusts
    151 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iMuufm' prion far July IS) (Cnmat p rioaa) The Commerce 2.14 2.27 INCOME BOND 1.07 1.12 The Saving Fund 1.36 1.44 S pore Prog Fund 1.06 1 12 MARA BUMIPUTRA FUND 8 pore Security hind (Maaagars' prleaa for J u In 12)
    151 words
  • Article
    In Kuala Lumpur
    1818 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. INDUSTRIALS Ajinantate (2.508 2 588). Alaam (2.438) <S> 2.43 (1) 2 40.
    1,818 words
  • Article, Illustration
    Profit-taking contributes to a bearish overtone
    694 10 WITH all attention centred on discriminating bulls who were playing vigorously on a handful of counter* on the Stock Exchange of Singapore yesterday, the bears crept in almost unnoticed initially. Star of the morning was of course Ambassador Hotel where enthusiastic play pumped the
    694 words
  • Article
    Kuala Lumpur prices end on mixed note
    524 10 PRICES generally recovered from an early setback to close on a mixed note at the Kuala Lumpur stock market yesterday. Trading was active though fairly selective. Current market favourites again accounted for the bulk of business and these shares finished barely steady. There
    524 words
  • Article
    HK Land
    32 10 HONOKONO Land has In- formed the Stock Exchange i of Singapore that City Hotels has become a wholly-' owned subsidiary of The Hongkong Land Company, effective from July 7 1078.
    32 words
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  • COMPANY NEWS
    • Article, Illustration
      Ideas at Hong Leong bearing fruit
      732 11 HONO Leong Finance, sticking aggressively to Its reputation as an innovator in the field of finance, came up last year with some new facilities that should considerably enhance Its position In the near future. One new financing tool introduced only in May last year
      732 words
    • Article
      Gadek shares listed
      70 11 GADEK (Malaysia) Berhad'a 2,868,529 ordinary ■hares of Msl each and $2,910,929 10 per cent first mortgage debenture stock 1983-88 have been admitted to the Kuala Lumpur Stock Exchange's official list under the Dollar Rubber section.The Exchange says listing and quotation of the ordinary shares and debenture stock
      70 words
    • Article, Illustration
      A CHEAPER WAY INTO CONSPLANT
      927 11  -  By ARTHUR NO FOR those who want to get involved with Consolidated Plantations at this late Juncture, there Is a cheaper way of getting into this counter. Many Investors and speculators alike usually make a bee-line for the share Itself. Yet little do they realise
      927 words
    • Article, Illustration
      OPTIMISM AT FEDERAL CABLES
      660 11 AFTER reducing losses significantly last year, Federal Cables, Wires and Metal Manufacturing looks set to return into the black. This cheerful outlook is sounded by deputy chairman, Mr Harold Leembruggen, in the latest annual report when he tells shareholders that the group hopes to Improve its
      660 words
    • Article
      DIVIDENDS ANNOUNCED
      440 11 Current payment Ex I Date Books close Date payable Total fee the year Total for previous year Batu Kawan Duff Dev. PMRI Nat Iron Loan M. Feedmilla Acma rru Metal Box Bbd C "eramat SiaHenfCku Keck Seu Dutch Baby S.M. lad. N.B. Timber* Sin Chew Ttwi 4k City
      440 words
    • Article
      SCRIP ISSUES
      169 11 Company Particulars Ex Date Books Close Strait* Trading Oriental HoidWi M. Floor sass UratlbiMraLift M'sia Fsadmilla Bonus Issue of l for 3 Bonus Issue of l for 2 Bonus Issue of l for 4 Bonus issue of 1 for 3 Bonus Issue of 1 for 4 Bonus Issue
      169 words
    • Article
      Correction may still occur
      415 11  -  f Market Talk... Br TSANG SAU YIN FUNDAMENTALS will be ignored as more noil-pro-fessional money enters the market, and speculation by Individuals and syndicates predominates. Commenting on the Immediate outlook of the local stock market, in its latest circular, stockbroking firm Fraser and Company added that
      415 words
    • Article
      Central Sec assurance
      192 11 CENTRAL Securities has assured its shareholders that the notice served on it to pay up more than Mss million within 20 days is "no cause for concern." In a letter to the Kuala Lumpur Stock Exchange, the company said Its solicitors were confident of a successful appeal
      192 words
    • Article
      Boustead Holdings note
      42 11 BOUSTEAD Holdings Bbd. has informed the Kuala Lumpur Stock Exchange that it has the approval of the Foreign Investment Committee for the acquisition of the entire issued and paid-up of C?P lul Prognm Castings Sdn Bhd for Mf1.43 million.
      42 words
    • Article
      Rising costs hold Roxy down
      332 11 FACED with intense market com petition and fining coet* of imported components from Japan, Rosy Electric Industries (M) expects nil growth in the current year ending Sept. SO, 1978. "Barring unforseen circumstances and talcing into account the seasonal fluctuational sale* volume of the industry, it
      332 words
    • Article
      COMPANY MEETINGS
      118 11 Sanyo Industries (Malaysia) Bhd: AGM to be held at Regent 7, 2nd Floor, The Regent of Kuala Lumpur, at 10.00 a.m. on July ifWilkinson Process Rubber Co Bhd: AOM to be held at 70, Jalan Ampang, Kuala Lumpur, at 2.30p.m. on July 18. Metal Box Singapore Ltd: AGM
      118 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      159 11 COLLKTINQ Oriental Anticnej by Judith Moorhouse and Dries Blitz Hgl Hamlyn Group, London. have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too wly® J or ,s a Y? ra e collector. This myth Is
      159 words
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  • Article
    Lock icon Fukuda rules out decisive measures
    837 12 COUNTDOWN TO BONN SUMMIT Reuter PRIME Minister Takeo Fukuda, who can expect rough treatment from other leaders at the weekend economic summit In Bonn, yesterday Indicated he does not expect any earth-shat-terlng decisions to emerge from the meeting. Mr. Fukuda, who Is expected to face
    Reuter  -  837 words
  • Article, Illustration
    Lock icon Tokyo won't collect $1b debt
    384 12 UPI JAPAN will stop trying to collect US$44B million (551.03 billion) in loans to the least less developed countries (LLDC) as part of a campaign to end criticism of its trade surplus from other industrialised nations. The Mainichl Shimbun, a Japanese newspaper, reported yesterday in
    UPI  -  384 words
  • Article
    Verdict on Saturday
    534 12 JUDGMENT on the case against former Ben and Company chairman, Gopal Chandra Kar Choudhury, has been reserved to Saturday after District Judge, Mr Chandra Mohan heard submissions by the defence and prosecution. Defence counsel, Mr David Marshall, contended that there was no case at all in the
    534 words
  • Article
    LONDON STOCKS
    744 12 LONDON, Tues. The market turned mixed towards the close, after being higher throughout much of the session. as operators became apprehensive about the eligible liabilities statistics due to be announced later today, dealers said. Overall trading was moderate. At 3 p.m. the Financial Times index was up 3.1
    744 words
  • Article, Illustration
    Lock icon Have another crack at common fund Unctad urges
    350 12 Reuter UPI THE Secretary-General of the United Nations Conference on Trade and Development (Unctad) Gamani Corea, called for the resumption of talks on an International fund to stabilise commodity markets in early autumn. Mr. Corea made the call at the opening of
    Reuter; UPI  -  350 words
  • Article, Illustration
    Lock icon Japanese aid to Asean should promote agriculture
    213 12 AP THE CHAIRMAN of the Mitsui Bank of Japan, Goro Koyama (above), has said that Japan ahould promote agriculture in its aid to the member countries of Asean. In a meaaage to the inaugural issue of Aspa Times, a publication of the Asia
    AP  -  213 words
  • Article
    Lock icon Tin producers agree new buffer prices
    568 12 Reuter TIN PRODUCERS meeting in London ahead of the four-day International Tin Council (ITC) session have agreed to press for a new buffer stock price range ot, MS 1,500 to $1,900 per plcul. The ITC current price range is $1.200 to $1,500. Last year,
    Reuter  -  568 words
  • Article
    MARGINAL RISE AT BRUNEI BANK
    429 12  -  By MANG SABNANI EARNINGS growth came to an abrupt halt last year at the National Bank of Brunei, the only bank incorporated in the 011-rlch sultanate. Group pre-tax profit showed a rise of only 3.4 per cen to 8512.03 million, a far cry from the
    429 words
  • Article
    Lock icon Nationalisation... no!
    177 12 NYT A POLL published In London on Monday shows a large majority of British voters opposed to further nationalisation of their country's industry. Most said they believed public ownership of railways, steel plants and other enterprises had not been successful. The poll is expected to give a talking
    NYT  -  177 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      527 12 a# »\M i from w m J §9&ia AH^le politics and Government in Malaysia Politics and Government in Malaysia is concerned with the substantial political j J /changes that took place in Malaysia after Independence in 1957 and especially j j j during the last ten years. Among these are
      527 words
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  • Article
    SHIPPING TIMES
    3164 13 BCHHHJIE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Une involved, and the estimated dates or arrival and departure, from Singapore port. t Consortiums SeaoDnteh has a *«iot service
    3,164 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      404 13 Fortnightly Direct Express Service Europe/Straits f or further details call Singapore: *****46 Kuala Lumpur ***** Port Helang. *****0 Penang: ***** 1 EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CMGO FOG: GENOA. LATTAMA. BEIRUT. 4LEJANORIA. BENGHAZI, TRIPOLI (LIBYA) S'pwt 'MdakPort SaidlimatMlLegtwrn Foi
      404 words
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      Page 13 Advertisements Column 2
      375 13 SHARJAH SHIPPING CO LTD c. (UNITED 6MB EMIRATES* fIHLI SHIPPinG un€ (UNITED me EMIRATES) GULF SHIPPING LINE (UNITED ARAB EMIRATES) •GULF MAJESTY 4/7 tof •GULF MAJESTY 15/17 S«t PKotaf Ptiun| Lotdiftf tor 8/18 A* Onto/Abu 11/2* So* DubJi/Abti (X ACCEPTING CONTAINERISED FCI CARGO TO DUBAI. ABU DHABI GENERAL AGENTS SUB
      375 words
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      Page 13 Advertisements Column 3
      224 13 g Seatrain Agents: Singapore: K. Lumpur: Penang: Optorg Shipping *****44/*****82 *****3/*****3 *****/***** *O(2tl 8 yHatth me Lie J—t?. 304 305 3nJ H Oce*i BtOft Co»ye< Qufy Spore 1 let 9*988 95 bS9(2 L toes I A|Cfits far P.T. GESURI LLOYD PT BAHARI BAHTERA JAKARTA (1« HP Dtttmabwi V ORCHID VENTURE
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      Page 13 Advertisements Column 4
      477 13 LIA N SOON SHIPPING TRADING CO (PTE* LI D i CM ;i; 4 :Ol S<-f N'l N HOUS: SHfN'ON A6< 'It U.S.. IMS ??o:s.'< .'.'3156% :."J "CHERRY IM4" 'SELAMAT MIAN' m v "CNCHT imis" SER6 HON' tl. LURA MARIRA" M V "UTAH KIUMIU" "tl cherrt chanter m sircere tumi N
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      Page 13 Advertisements Column 5
      120 13 LAND ACCEPTING LTL DUBAI BANDAR ABBAS FORTNIGHTLY TO MIDDLE EAST BOOKING TEL: *****22 NOTICE FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS PORT CONGESTION PORT SAID The member Lines of the above Conferences have reported that their vessels calling recently at Port Said have suffered increased
      120 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      709 14 SHIPPING EXPRESS CONVENTIONAL TO EUtOPI Sp«i P.Kaiaaf Pao. Mb* 6m* Bitntamtm 16/7 11/7 11/8 4/8 Wotfrta 3/8 4/8 5/8 28/8 23/8 MwihrtH 12/8 14/8 30/8 HtMimlw 30/8 1/9 25/9 20/9 FULLY CONTAINERISED TO GENOA/TRIESTE Spot P. Mm( Got Hon! Mara 16/7 17/7 5 MrtMmw 24/7 25/7 15 FULLY CONTAINERISED TO
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      Page 14 Advertisements Column 2
      826 14 a SANKYO LINE] AUSTRALIA SERVICE P. KtUn( Smfapore Iwdmi DIAMOND STAR 15/17 July 11/19 My YUE MAN 11/19 July 21/21 My mavsky MATCARP 12/14 Ad( 10/11 to| FRCM, AOCL. MEL SVD DARWIN. BRIS. SYD. MEi ADEL. MEL. SVD BRIS. SYD BANGLADESH SERVICE A Rp 21/22 MY 23/24 JULY CHITTACO MAY
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      Page 14 Advertisements Column 3
      405 14 40TH FLOOR HONG ItONG BIDG 16. RAFFLES QUAY SINGAPORE 1 Customf. Service Bookmj *****22 Terminal ?570-"j3 *****37 FULLY CONTAINERISED SERVICE Go one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS AMAX AM AX MARINER COLUMBIALAND MARINER V'HAMA Sailed 26/7 25/8 KOBE Sailed 2S/7 27/1 KAOSHIUNG Sailed
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      Page 14 Advertisements Column 4
      968 14 Everett Lines Barna Five Star Shippwn Corpn "BURMESE NATIONAL LINE' LOADING FOR RANGOON < _> HIONEYWA 14/16 JULV B F.S S.C Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/ ***** -v Companw AijMtina O* Mavtfaaon Inttr continental S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING
      968 words
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      Page 14 Advertisements Column 5
      453 14 «p> I K I >1 M W I \H IL/a J#7* Orient Overseas Co4iioi*teA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I NEPTUNE COMI IN NEPTUNE PEUU 1M CHEVALIER MUE 9M HUONG CONTAINER UM ME ROT OP m OtIENTUCWEF ISM S SEAS BRIDCE 17* All vessels call Brenwrtia««i after
      453 words
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      Page 15 Advertisements Column 1
      1301 15 OCL Overseas Containers Limited FX CMnumsw soma to n/cmdkiT: Ml MM umts fmHIH uy cm m epimmu nUMIS MAN Mill UT UVtMM UT MWWW (VM» Htvrp Spore P. Kalanf Dinar* II M 1 AM KM t km M M M II km a m i m 11 tai m x>«
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      Page 15 Advertisements Column 2
      982 15 Ben Ocean Ataataemcf Bin Line BtoAmef Gfc*» Lme and NSMO re wtMrnnr m tipmi P. 1*1 atf Nm i»M laPt/13Jaly tat Jeadah. Lisbon lenoes Tilbury London Tt/ti Sept nM n ciimHiT (Via tag Stilt Europe Penang P Kelang S.ngaßO'k G.l/13 Ml| lapar 11/10 Aaf Indonesia HK. I*M« IS/17 act Indonesia.
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      Page 15 Advertisements Column 3
      846 15 BEN LINE 'WW mm Saw P. utmt M auac BHAVEN rMM wm won W. (anaany'AflMoa lml> Frwc! Ml UK. BIEMEN EIPtESS ISMf f m I IM| II I iuki urn is My i i>« M imi u« »m> u <m TBITB BAT »M| M Mil II Am M Aa| II
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      Page 15 Advertisements Column 4
      846 15 Scan Dutch V WESTBOUND TO MEP/UK/ COWTI WENT/SCANDINAVIA Fee«ei hem r. AeiMR V*n*> EIEANOR4 MM NTUMU francesc. IS EUMW a/ I IFT MMCIBU m T UUMII ELEANBRA 1/ FRANCE»CA 11/ ELEANBRA It/ I H(( BEIIMA r. I'ooft 1) Mseilie* a Baaa 9 MW>| 4 Sfea>i n/i a/ > i/i i/
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      Page 15 Advertisements Column 5
      562 15 f GUTHRIE BOUSTEAD agencies I SINGAPORE *****4 PT K.ELAIMG *****1 KUALA LUMPUR *****1 PEN ANG *****1 H6BLAI INBEPENKNT SEIYICE FESCO LINES FESCO STRAITS PACIFIC UNI bacific swim am mrthwesy Sport t. Klang Ptnang T'rnani Si lan MX I. RBTLVABEVSRY M Pt/MT 11 Soilol tkM M? 11/11 maahtum kuli My lf/a
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      857 16 K LINE KAWASAKI KISEN KAISHA. I TD L-mitflM* (VIA SOEL If CwtJUMT V to nmon S'pore P Kelang L.Havre H'barf Bremen R'dam Sailed Hi Part 31 My 2 Aa* 3 4 *»t NCPHME CORAL 5W SaW la Part 31 My »H 3M«* J* NEPTWE PEARL IIW 20 My 21 My
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      Page 16 Advertisements Column 2
      741 16 sicnism SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER A SAFE WW TO SHT BY SSA LU CHUMS SENTOSA ISLAND *W Si"f4POfi a/M My 12W 1/1J Ai( Colombo. Karachi. Kuwait K SKalw. 1/11 tit i«.oa> AOu UH6I. IRANI ISLAND 7W J/11 Aaf 1/ I An »/11 Aif Aden. Hdan. P. Sudan
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      Page 16 Advertisements Column 3
      1007 16 NEPTUNE ORIENT UNES LTD 'FULLY CONTAINERISED SERVICES: TO ENROPE (VIA S»LC 'All msels tall U R from eorope («u sua S pore P. Kelaog ShoMßtoo H s»m fwi nMr i tat 20 Mf ?1 My 7U| 11 Ao( nmi nMr i« 5 tot I to| 73 to{ 77 to( 11
      1,007 words
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      Page 16 Advertisements Column 4
      721 16 MALAYSIAN tNTtKHATtONAI SHIPPING COHPOKATIO* *OtHAC EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA •est mm S'lttt li htfOn *P Mu»{ <«» S'pOit (LIMOM Sa lot MTUMIi 11/ I FKMCfSCI 11/ I |(j n w j CUMNt B' I FIANCCSCA Jl SELANOIA 1/ CLIMOU nuNCfsci 11/1 (LfANOOA 11/ I Ml MIIMA 22/
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      Page 16 Advertisements Column 5
      729 16 f INTRASEA (PTE) LTP KUUI INtEPENKNT SOU/FILL CONTAINER SERVICE T» El Sport P Ktlaflf Ptnaq Imtm M: mbmia iiimn mi u Put mm H«oct/*«aa/i Cn«i»- AMI KM Mil ICwtr iM) 1 U| M-kwi/rtm. M ttiMcVS-trn (U.K.) Sl* CUAIOIAM w«ll MMy IM| Hlwri R dt«/Boiilir«. 'Acttftiq Tknat* 11/1 M —,m M
      729 words