The Business Times, 14 July 1978

Microfilm: NL9760
Total Pages: 16
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, JULY 14, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Thais expand refinery
      69 1 Reuter BANGKOK, Thurs The Thai Cabinet has decided to set up a venture with the Thai Oil Refinery Corp (TORC) to expand capacity of the Sri Racha refinery to 130,000 barrels a day from 65,000 barrels at present, official sources said. The Government and Tore would hold
      Reuter  -  69 words
    • Article
      Lock icon More Asean trade
      88 1 UPI SOUTH KOREA, Thurs Members of Asean are rich in natural resources and greater economic and technical tie-up Is desirable from South Korea, the Korea Trade Promotion Crop. said. In a report on relations with Asean, the government-run body said greater trade with Asean is desirable In
      UPI  -  88 words
    • Article
      Lock icon Capital aid
      80 1 AFP TOKYO, Thurs. Japanese businessmen will help South-east Asian private enterprises procure funds from the steadily growing Tokyo capital market, a leading Japanese banker said today. Mr. Yusuke Kashiwagi, president of the Bank of Tokyo, also told the opening session of a twoday conference of financiers from Japan
      AFP  -  80 words
    • Article
      Lock icon Kuwait aids KL
      74 1 AP KUALA LUMPUR, Thurs. Kuwait has agreed to finance several Malaysia development projects, Mr A. Talalla, deputy secretary-general (Economics) of the Ministry of Foreign Affairs, said. He said Kuwait had agreed to finance the Kuala Keral-Oua Musang-Llpls Highway, the northwest Integrated agricultural development project, the Blntulu Port
      AP  -  74 words
    • Article
      Lock icon US stands alone
      81 1 Reuter LONDON, Thurs. The world's biggest tin consumer the United States was today the only country resisting a rise In support prices at the International Tin Council (ITC) meeting here, according to delegates. A rise now appears inevitable. The Isolation of the United States follows yesterday's decision
      Reuter  -  81 words
    • Article
      Lock icon Dow Jones
      102 1 UPI NEW YORK, Thurs. Stocks, riding a fivesession winning streak, headed lower early today amid profit-taking and concern about Inflationary pressures. Trading was falrlv active. Analysts said Wall Street was waiting for the Federal Reserve to report on the United States' money supply later In the day. A
      UPI  -  102 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      118 1 Falls Most active Guinneaa 670 OCBC 855 Conaplant WrU 424 Carlaberc 515 Nat Iron 482 Rothmana 422 Berjaya Kawat 260 Wearnea 342 Sime Darby 304 Sentoaa 224 Pahaaf Cona 203 Lt N 540 M Banking 422 Rises Oriental Hldfa 416 Kuchai 121 Gkrnealy 180 Berjuntai 875 -30
      118 words
    • Article, Illustration
      In Kuala Lumpur
      189 1 Falls Most active S. MaJ Tin S. Trading Con Pit W'nt 9.10 -.20 S. Darby 1,229,000 5.70 4.24 -.15 -.14 Cons Plant 1,007,000 Haw Par 508,000 B. Kawat 2.70 -.10 Sim Llm 308,000 Slme Darby 3.18 -.10 -.10 -.10 Hi and Lo 3.72 Total Turnover: 6.17 m
      189 words
  • Article
    Labour woes hit local shipyards
    702 1  -  GREENER W. ASIAN PASTURES By TERESA LIM SINGAPORE'S shipyards are suffering from a labour shortage, both skilled and unskilled, as a result of factors operating within and without the country. Skilled workers in Singapore's shipyards are being siphoned off by West Asian contractors as projects
    702 words
  • Article
    Clearing house proposals
    286 1 A FEASIBILITY report on the proposed clearing house for US dollar certificates of deposit will be submitted to the Monetary Authority of Singapore (MAS) next week. The eight-man Certificate of Deposit Clearing Committee Is now putting Che final touches to the report. The core of the report
    286 words
  • Article
    Government is pushing city hotel belt
    681 1  -  •y COLIN CHCE SINGAPORE'S city centre may be developed into another hotel belt to meet Increased tourist demand for rooms In the 1980s. This Is one of the suggestions made In a study by the government-backed Applied Research Corporation for the Singapore Tourist Promotion
    681 words
  • Article
    Lock icon MNCs EYEING ASIA
    194 1 AP MULTINATIONAL corporations were expected to expand their operations most rapidly In Third World countries In the Immediate future, an American professor believed. This was because business Indicators consistently showed that profits were higher in the Third World, particularly In Asia, than In the US or other
    AP  -  194 words
  • Article, Illustration
    $20,000 a month chief exec of Haw Par quits
    234 1 MR. GEORGE C. Marnui (above) h«» resigned «i Koup chief executive of iw Par Brothers International over "differences of opinion on policy." Announcing Mr. Magnus' resignation, the board of directors, in a statement last night, said the group financial controller, Mr.
    234 words
  • Article
    A rousing welcome awaits cig companies
    504 1  -  »y MANO SABNANI MALAYSIAN Tobacco Company and Its sister company, British-Ameri-can Tobacco (Singapore) can expect a tumultous welcome when their shares are listed on thte Stock Exchanges of Singapore and Kuala Lumpur soon. The two companies yesterday reported sharply Improved earnings due to record
    504 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      39 1 ODESSA OCEAN LIN, FOR FAST EFFICIENT SNIFFING Call the agent: Singapore Soviet Shipping Co Fte Ltd sth Floor, Far Eastern Bonk Building 156 Cecil St., Singapore I Cables: "SOS.IACLINE" Telex RS ***** Tel *****33 (7 lines) SEE BACK PAGE
      39 words
    • Advertisement
      Page 1 Advertisements Column 2
      97 1 ITS TiME YOU CAME Tb BW WEST. Chances are that at Pan-West we have just the right equipment to help improve your game. At Pan-West we stock the finest range of top quality golfing equpment Confidence. Honma. Lynx to name a few. Drop in on us and browse around. Take
      97 words
    • Advertisement
      Page 1 Advertisements Column 3
      86 1 Leadcrt. Pace I SHIPPING TIMES SBB toootinf for twhm BUKIT TIMAH Plasa'a ytfti.iUft 'Ntbtek' YARDS woa't keal over with the ieaa' afflM million ordars LETTER from America: Dmoerati la two ariade CPF hike: Winner* or lomtbT FORUM em Aafe'i agriculture with John Dryadale 7 THE glided outlook at Gold Coin
      86 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 Leader Page 6
      3 words
    • Advertisement
      Page 1 Advertisements Column 5
      250 1 Sol* Agantt Guthrie Trading Tel: *****5 I *****5 ir-\ <+* i Singaporean ten times richer than an average Indonesian between Singapore and Indonesia myth and reality The latest issue ot the ASEAN Business Quarterly is full of interest for the businessman (or woman) who wishes to understand, in easy-to-read language,
      250 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      Shock for Plaza
      358 2 BUKIT TIM AH Plaza, the $70-mllllon pride of Ocean and Capital Properties, has suffered it first setback Just two months before it is due to open. It has to shelve the construction of an underpass Unking Upper Buklt Tlmah Road with the Plaza's lower carpark on which
      358 words
    • Article
      Lock icon CHINA 'YES' TO FOREIGN CAPITAL
      100 2 AFP CHINA hopes to attract foreign capital to finance Its modernisation programme, the Japanese wire-service Kyodo reported yesterday. A delegation from the Japanese Mitsui industrial group has been in Peking for a week, and yesterday met with Chinese vice-Premier Li Hslen-nlen. Mr LI said that
      AFP  -  100 words
    • Article
      Sparks fly over power failures
      218 2 SEVERAL manufacturers in a part of Jurong have claimed that they are having production problems due to frequent power failures. Formal complaints have been made to the Public Utilities Board (PUB). Although some of the Jurong firms said that the problem has been resolved to
      218 words
    • Article
      SBS in dire need of mechanics
      509 2  -  NEW BRADDELL WORKSHOP Br FOO CHOY PENG SINGAPORE Bus Service will need about 200 more mechanics to maintain its existing fleet and to man Its new central workshop at Braddell Road. A spokesman said the company will take In another 25 apprentices the ideal
      509 words
    • Article
      British team coming to push their products
      318 2 A 11-MEMBER trade mission from the Westminster Chamber of Commerce will arrive In Singapore next week for a three-day visit as part of Its Asean tour. The mission, due to arrive on July 20 from Malaysia, will comprise private business executives from British
      318 words
    • Article
      IOB final exams will be held here
      150 2 THE Institute of Building's professional examinations (Part 3) will be conducted for the first time In Singapore later this year. The final examinations are currently held in the UK. Disclosing this yesterday, the president of IOB(UK) p Mr. John Walkerdine, said Dr Michael
      150 words
    • Article
      Lock icon Hongkong garment industry booming
      525 2 AFP THE ORDER books of most garment manufacturers In Hongkong are full up to October and in some cases up to early next year. Most of the orders have come from the United States but there Is also renewed buying from EEC countries which had cut
      AFP  -  525 words
    • Article
      Lock icon Japan-China oil talks
      159 2 Reuter JAPAN and China have been holding talks In Peking for Joint development of oil and natural gas resources In the East China Sea continental shelf. Japan's Kyodo News Agency, quoting Informed sources In Tokyo, said a delegation from the Japan Oil Corporation left for Peking on
      Reuter  -  159 words
    • Article
      MEMO PAD
      324 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 13-14: Consumer marketing for managers, Hilton, Price Waterhouse July 17-19: Increasing Hotel •Sales Effectiveness, KL Hilton, Marketing Improvements Aug 7-8: Costing financial analysis for marketing
      324 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      1416 2 Molten Castle jfmance CORPORATION LIMITED BALANCE SHEET AS AT 31st DECEMBER, 1977 CAPITAL AND RESERVES Share capital Statutory reserve fund Share premium Revenue reserves Represented by FIXED ASSETS INVESTMENTS, at cost SUBSIDIARY COMPANY Investment in subsidiary company at cost CURRENT ASSETS Mortgage and secured loans Amounts owing under hire purchase
      1,416 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Bonn favours flexibility in exchange rates
      365 3 THE Bundesbank thinks the proposed European monetary system must be made flexible enough to allow member countries to adjust their exchange rates from time to time without undue drama. The central bank also ascribes importance to the conditions that the system should not create
      365 words
    • Article
      Lock icon Callaghan is hopeful of further fall in inflation
      459 3 Reuter BRITISH PRIME Minister James Callaghan said there will be a further fall In UK Inflation when official figures are released today. The British domestic news agency, the Press Association, reported that the June retail price Index will also be published today.
      Reuter  -  459 words
    • Article
      Lock icon BRITAIN, BP CANNOT EXPECT OVERNIGHT BONANZA
      273 3 Reuter UNCONFIRMED reports that British Petroleum hu found a large North Sea oilfield west o# the Shetland Islands indicate no overnight bonanza for either the company or Britain, oil industry analysts believe. The reports have been circulating in the British oil industry for some
      Reuter  -  273 words
    • Article
      Lock icon Wheat 'harvest' off till October
      733 3 AP THE WORLD'S leading wheat exporting and importing nations on Wednesday failed to agreO on future world wheat trade key to new International trading relations and decided to have another try in London in October. Wheat is the crucial issue that will determine the success
      AP  -  733 words
    • WORLD IN BRIEF
      • Article
        Lock icon AUG 2 IMF AUCTION
        508 3 Agencies THE INTERNATIONAL Monetary Fund will hold Its next monthly gold auction on Aug 2. It will again offer for competitive bidding 470,000 ounces of gold with a minimum bid of 1,200 ounces. The bid price method will be used. US HOUSE conference members discussing the
        Agencies  -  508 words
    • Article
      Middle road for US economic policies urged
      928 3 THE US ECONOMY can avoid a recession and Inflation can be prevented from worsening if budgetary and monetary policies follow a middle course, the Carter Administration said. Treasury Secretary Michael Blumenthal and chairman of the Council of Economic Advisers, Charles Schultze, were presenting
      928 words
    • Article
      Forcing rates up ...
      323 3 Forcing rates up INCREASED borrowing by the US government will force Interest rates higher In the next few months, regardless of Federal Reserve policy bond market economists said. Medium-term note yields may rise as much as 50 basis points to about 8.75 to 8.80 per cent because of increased supply.
      323 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      56 3 APPOINTMENT FINANCIAL CONTROLLER Top level position available in Indonesia to control business of multi-national organisation. Experience in garment manufacturing industry helpful but not essential. Exceptional opportunity for right individual. Excellent salary. Please respond immediately with full particulars to S.T. Box N***** Singapore for possible interview by visiting Group Financial Controller
      56 words
    • Advertisement
      Page 3 Advertisements Column 2
      124 3 Now with ten flightsaweek Royal Brunei offers more When you want to go to Brunei you'll want to choose a day to suit you. You'll want to choose a time to suit you. And you'll want flexibility on your return journey. That's where Royal Brunei comes in. From 7th July
      124 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      682 3 TWO-11-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Do a one-eyed repair? (5) 8 Will drinking It make me a dwarf? (5) 10 Like a nimble fellow from Clltheroe (5) 11 Go out of shape, perhaps (3) 12 Patrick at work In a meadow? (5) 13 Naturally he gets all the dirty
      682 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      408 4 OPENING quotations here yesterday were marked down one cent following lower London advices but prices later recovered slightly on short-covering interest and speculative support. Towards the morning close, however, prices fell back when buyers withdrew in the face of stale bull releases. Turnover was light. The
      408 words
    • Article
      R.A.S. PRICES
      315 4 Prices in cents per kilo yesterday: Noon (per kUo) Cloae (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. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Buyers 227.50 228.25 228.50 218.25
      315 words
    • Article
      SSR AND SMR
      98 4 NOON SSR and SMR prices yesterday: RAS A uci (Curm aat it MUD Smamkar (Forward Mtb) P.. L fLIU i ouywi (emU per kg) (cm U per kg) SSR 20 (1-ton pallet) 211.00 213.00N 212.00 214 OON SSR SO (1-ton pallet) 209.00 211 OON 210.00 212.00N MRELB
      98 words
    • Article
      Closing prices
      31 4 Rubber: July 13 Singapore: August 227.50 cents (down 1.50 cents) Malaysia: August 231.50 cents (down 1.50 cents) Tin: M 51,727 (up 111) Official offering: 205 tonnes (down 95 tonnes)
      31 words
    • Article
      Rice
      193 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) While Rice: 100 pet Ist class 432. 100 pet 2nd class 417,100 pet 3rd class 412, 5 pet 403. 10 pet 385, 15 pet 377, 20 pet 372. 25 pet 362, 35
      193 words
    • Article
      Lead
      88 4 LEAD on the morning lost 11 for cash and £0.5 for Three Months in London yesterday. The advance in copper induced early short-covering up to £324 per tonne but profit-taking later trimmed values as the higher levels probably prompted improved offerings of scrap metal, dealers said. Sales were 2,650
      88 words
    • Article
      Produce exchange
      386 4 COFFEE prices on the Singapore produce market eased $10 per plcul yesterday. Roasters are showing light Interest as they have to ship out in time for winter roastlngs, said one dealer. In the New York coffee market, brokers said the physical market remained quiet with roaster interest concentrated
      386 words
    • Article
      Hongkong comex
      219 4 THE sugar market yesterday eased about 0.15 US cents in continued quiet trading, with nine lots traded against 10 on Wednesday, dealers said. The slightly lower-than expected world sugar balance estimate by F.O. Licht had little impact on the local market, thev said. The Hongkong daily spot sugar
      219 words
    • Article
      SPOT PRICES
      189 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Vara: China Blue Phoenix 20s 1.720: 32s 2.100: Ms 2.280 (per bale of 400 lbs). Piece Coeds: China Butterfly and Olobe Brand unq, Dragon Head unq, Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq (per piece 36
      189 words
    • Article
      Cocoa
      363 4 TERMINAL cocoa in London vesterday was slightly steadier against New York at the opening call although the advance was restrained In terms of sterling. Dealers said the trading volume at the call was extremely thin at 54 lots. The sources said the market lacked fresh news. The West German
      363 words
    • Article
      Soybean
      201 4 CHICAGO soybean futures on Wednesday closed mixed, down 3-3/ 4 to one cent a bushel In old crop Months, but up two to 1/ 4 cents In new crop contracts. Prices held in a sevencent range in mostly quiet trade ahead of the USDA supply and demand report. Locals
      201 words
    • Article
      Wheat
      86 4 WHEAT futures closed at the day's lows with losses of six to three US cents a bushel, In Chicago on Wednesday. Prices broke late on scattered commercial hedging pressure, brokers said. The decline accelerated as commissionhouse sell-stops were touched off and as locals took profits. Some selling also stemmed
      86 words
    • Article
      Palm oil
      82 4 C.I.r. North European port*, in US dollar* per tone unlet* otherwla* stated. LONDON: Wifculij Pml—« Malaysian 5* f f a bulk per tonne September MO sir MS sir Sumatra 5* 11a bulk July Mfl rwi unq AU(USt September nv (w S45 sir/MS/ 640 pd M7«r/M7*/ 9Mpd S79air SSSalr/SSOpd
      82 words
    • Article
      Straits tin
      288 4 THE STRAITS tin price In Penang yesterday gained Msll to 91,727 per plcul. Dealers attributed the recovery to speculative buying from the US, Japan, as well as locally, and lower supplies of metal from miners. Turnover fell to 205 tonnes from 300 tonnes on Wednesday with 10 per
      288 words
    • Article
      Coffee
      315 4 ROBUSTA futures in London yesterday opened steady £7 to £17 per tonne up from Wednesday night. Turnover was 205 lots. Dealers said there was no fresh news and the fractional gains, mostly as expectful based on New York, attracted some trade selling Into the rise which may have been
      315 words
    • Article
      Sugar
      199 4 SUGAR futures opened £1.10 to £2 per tonne down In a turnover of 1,050 lots In London yesterday. Prices moved to llfe-of-contract lows at the opening under general selling prompted by steadier sterling and continued lack of news to change the current overall bearish outlook. The fundamental oversupply situation
      199 words
    • Article
      Copper
      259 4 COPPER wlrebars In London yesterday finished the morning up £3.5 all round. The early pre-market was steady on short-covering and fresh buying prompted by the news of a US mint buying tender for 9,000 tons of copper cathodes, and this offset the strength of sterling against the US dollar,
      259 words
    • Article
      Silver
      246 4 THE Hongkong silver market held unchanged In thin trading throughout the session at HK1245.70 per 10 ounces, with turnover estimated at 10,000 ounces, dealers said. The Ideal closing was equivalent to 5.2782 US cents per ounce, in line with Wednesday's July closing 5.2780 cents, while the day's fixing price
      246 words
    • Article
      Gold
      389 4 THE KILOBAR in Singapore yesterday opened at 5513,921 which was the highest of the day. The market turned easier after opening and traded to a low of $13,898 before recovering to close at $13,912. Spot gold for London delivery opened at U*****.40/ 70 and closed at $186.20/ SO. The
      389 words
    • Article
      Zinc
      100 4 ZINC on the morning hardened by £0.5 for cash and £1.25 for Three Months In London yesterday. This metal still appeared constuctlve on the charts, dealers said, and smallscale fresh buying took Three Months up to £324 on the late kerb. Sales were 2,500 tonnes. On Wednesday, sine on
      100 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        459 4 THE US dollar yesterday fluctuated erratically against most major currencies in cautious trading on the foreign exchange market. Opening at 202.20/30 against the yen, It was traded higher to 202.50/60 at Tokyo's close after lunch. London opening saw the dollar ease to 202.00/10. But some buying brought the
        459 words
      • Article
        Asian $ & CD rates
        189 4 Asian CD rates ASIAN currency deposit interbank rates as at close on July 13: s?-sr *<*?»• 7* 1 fflfi st* SM 2 mttu IH S* Jmttu SS SH muu est •n>U*» 9 a/18 9 1/18 12 mttu 9St. fit 0w. Pn. Dm. (MiMbPrton) Imtli 19/18 39/18 3 mttu HI/IS 39/18
        189 words
      • Article
        Discount
        45 4 RANGE of price* offend b* discount houaes on July 13: Overnifht 3<*H Call deposit* 3M.H CWM 3-month TreuurybllU 3-month Bank bills 3-month CD 6-month CD 3 5/18 5 5/8 5 5/1 5 15/18 MUM 3 3/16 51/3 51/2 513/1* Source: National Discount Co. Ltd.
        45 words
      • Article
        MLR
        21 4 THE average rate ai which Singapore banks are currently prepared to lend to their heet customers is 7 per cent.
        21 words
      • Article
        Euro $ rates
        128 4 Euro rates LONDON Eurodollar deposit rates yesterday opened steady in moderately active two-way business. Period rates were adJusted higher after Wed* nesday's technical falls and dealers reported a firm undertone In early trading ahead of the weekly US money supply figures coupled with the possibility of the Federal Reserve further
        128 words
      • Article
        London
        187 4 MOST currencies yesterday opened higher against the US dollar In thin trading although some support for the US currency, possibly official, was detected In early business. The dollar's fresh falls came in reaction to the downturn in Nevt York on Wednesday night after President Carter told reporters the US
        187 words
      • Article
        New York
        237 4 THE dollar closed broadly unchanged on Wednesday after strengthening throughout the morning then falling sharply in reaction to President Carter's comments on the US approach to the Bonn summit, dealers said. The mark opened at 48.62/64 cents against Tuesday night's closing 48.78/80 cents but closed at 48.77/79 cents.
        237 words
      • Article
        Tokyo
        179 4 THE US dollar for overnight delivery yesterday closed at 202.45 yen, up from a 202.20 opening but down from 202.98 at Wednesday's close, dealers said. The dollar moved between 202.40 and 202.50 yen In quiet late trading after Initial weakness In active business relectlng Its overnight fall In New
        179 words
      • Article
        Hongkong
        134 4 IN FAIRLY active trading with Interest switching to the dollar-mark from the dollar-yen, the US dollar yesterday closed slightly lower than New York's closing levels against major currencies. The dollar (ell to 2.0470/80 marks from 2.0405/ 505 In the U8 with some European selling noted, and eased narrowly to
        134 words
      • Article
        Zurich
        52 4 ZURICH exchanges closing quotes on July 12: US 1.8189-8179 Btg 3.4232-4280 Can 1.6178-8182 D Mk 88 3912-4312 O PI 81.7507-8908 P fr 40 8013-8608 B Pr 9.8073-8138 D Kr 32.3491-3719 N Kr 33.6108-6396 8 Kr 38.8187-MM Lit 8.2138-2140 Aus seh 12.2930-2880 Kurt 3.8783-8882 Spain *****-3448 Arg 0 22-32 Ten
        52 words
      • Article
        Australia/NZ
        51 4 AUSTRALIA and New Zealand exchanges on July 13: AUSTRALIA: U8 dollar 1.1901/ 1.1493 Sterling 0.8111/ 0.8043 Ninety-day airmail buying rates: Sterling 0.8314 US doUar 1.1832 Ninety-day forward buying rates: Sterling 0.8854 US dollar 1.1441 NEW ZEALAND Sterling 0.5612/0.9461 US dollar 1.0488/1.0988 Ninety-day airmail buying rates: Sterling 6.9727 U8 dollar
        51 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      452 4 THE GOVERNMENT OF MALAYSIA CONSTRUCTION OF BINTULU DEEPWATER PORT CONTRACT NO. 3 DREDGING (International Contract) NOTICE OF PREQUALIFICATION 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
      452 words
Page thumbnail Page 5
  • TRANSPORT
    • Article
      Creating waves over $100 m ship orders
      701 5  -  By CHAN BONG SOO SINGAPORE shipyards should worry less about the orders that local shipowners have placed overseas and concentrate more on the markets that they can cater to. The recent flurry of excitement of some smaller shipyards over orders worth more than
      701 words
    • Article
      PORT IN A STORM
      111 5 THE THAI Cabinet has decided to expand the Sattahip military port for commercial use instead of building a deep-sea port at Leam Chabang on the Gulf of Thailand. The deputy Communications Minister, Prasit Narongdej, said that the National Economic and Social Development Board (NESDB) and the
      111 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      196 5 UPI RECENTLY revived Far East time charter activity was sustained but acceptance switched to smaller vessels such as the 33,696 dwt Zephyros 1 taken by Bunge at U554.25 (559.77) a dwt for a July trip from Japan to Saleef via the US north Pacific. European time chartering
      UPI  -  196 words
    • Article
      Lock icon US airlines in merger talks
      165 5 Reuter THE COUNTRY'S two largest West coast airlines, Continental and Western, have Initiated exploratory discussions which could result In a merger of the two companies. Officials of Continental Air Lines and Western Air Lines completed a preliminary Joint study of a possible merger that had
      Reuter  -  165 words
    • Article
      Lock icon HK shippers 'yes' to higher rates
      120 5 Reuter AP TO OFFSET higher operating costs, the Hongkong Shippers' Council has agreed to raise freight rates. On Oct 1, freight rates to Australia will be raised 6.5 Ser cent and to New ulnea, 7 per cent, the Australian and New Zealand/ Eastern Shipping
      Reuter; AP  -  120 words
    • Article, Illustration
      SHIPS IN PORT
      357 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1500 after Ramoneverett) 18 Great Honour (1800 after Cherry Vllja) 40/41 Kota Ball (1500 after Kota Slngapura) 42/43 Strathconon (after Hoegh Orris) 1/2 PASIR PANJANG WHARVES Iweri (0600 after Pine wood) Gdns. 303 CB 5 1136-1195 Kim Soon LI (0600)
      357 words
    • Article
      Thai to buy two more Airbuses
      145 5 THAI INTERNATIONAL is adding two more Airbus A*****S to its fleet of four in March next .year. The airline has also another six similar aircraft on order. Two of these will be delivered In September and December next year. Thai International Introduced its first
      145 words
    • Article
      UASC's net profit may hit $60m
      197 5 THE UNITED Arab Shipping Company Is expected to announce an Interim net profit of US$2B.2 million (8)60.26 million) for Its first year of operations since It took over the Kuwait Shipping Company. UASC r s total profit for the 18-month trading year, however, may
      197 words
    • Article
      MAS hopes to double earnings from Haj flights
      267 5 THE MALAYSIAN Airline System (MAS) expects to net M 112.89 million from fares during the coming pilgrimage season, a twofold Increase from last year's $6.05 million. This Increase Is attributed to the growth of pilgrim traffic with flights to Jeddah being Increased
      267 words
    • Article
      Lock icon European capacity cuts not enough says Japan
      533 5 Reuter AFP JAPAN insisted at the OECD working party meeting in Paris on shipbuilding that European countries should do at least as much as Japan to cut capacity in the shipbuilding industry. Sources said new plans for further reduction In Japanese shipyard capacity
      Reuter; AFP  -  533 words
    • Article
      Lock icon Calcutta strike ends
      40 5 Reuter BERTHING masters at Calcutta port have called off their two-day strike which had crippled the movement of ships, the Press Trust of India (PTI) said. The strike was to protest the suspension of two colleagues. Reuter
      Reuter  -  40 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      655 5 ARRIVALS Scrria Operator Numba Loa r Tbn kl From SIA SQ911 1035 SFO/HNL/GUM SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL OIA OA944 1055 PKU GIA OA908 1100 MES OIA OA895 1110 AMS/CDO/BOM PAL PR501 1125 MNL OIA OA 98 2 1200 HLP
      655 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      160 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -V Call us for you; local onward reservations nusTßßunn iiidustrml EQUIPmEIIT mode uiell...uiorks well.sells uiell Reliability, performance, quality of production and value for money, that's how Australian industrial equipment and machinery have gained increasing sales in world markets. The range is
      160 words
Page thumbnail Page 6
  • Article
    A working yardstick
    430 6 NOT MUCH can be done about a natural shortage of labour. But a labour shortage resulting from artificial causes Is a different matter. The shipbuilding and repairing industry Is In need of more workers and has been for the past nine months or so. Few shipyards are
    430 words
  • Article
    Hotels don't give a city heart
    310 6 BRINGING} life back to the city centre la a laudable policy and one'well favoured by the Government. The mixture of activities to be injected to enliven the city centre after dark, however, Is one which must be diverse and well chosen. The Applied Research
    310 words
  • Article, Illustration
    STRICTLY FOR THE TOURISTS
    761 6 C'EST MAGNIFIQUE MAIS EST-CE PARIS? TODAY the "Quatorze J unlet," is Bastille Day, France's National Day on July 14,1789, the workers of the Faubourg St. Antoine stormed the Bastille, the notorious royal fortress-cum-prison that commanded the eastern side of Paris, and proceeded to dismantle it stone
    761 words
  • Article, Illustration
    Democratic confusion
    1096 6  -  LETTER FROM AMERICA by> John Tan ONE of the first principles often taught Singaporean children about polite conversation is "Leave religion out of It". In America, an even more basic principle Is "Leave politics out of it". Put a few Republicans and a few Democrats together, add a
    1,096 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      294 6 m,., 406/407 Hmvelock Road, S pore 3. Tel: *****1 ft Mpi'ilij.i P LAWtiJL w. T3lfc\ V vfm ■;< •IPHlllll I I II mm D.irhy m wm S3 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny
      294 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      58 6 Weather outlook for su a.m. to noon today: Mainly Report for 24 hours prior to 7.30 p.m. on July 13 at the airport: Maximum Temperature 30.4° C Associated Humidity 72 Minimum Temperature 22.4° C Associated Humidity 93 Hours of Sunshine 21.5 Rainfall in Millimetres 1.6 Total Rainfall for the Month
      58 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      226 6 BTiV&ffiWDllßl J SINGAPORE 5 P.M. Opening followed by Housewives' Matinee The Old Place (r) Intermission P.M. Opening followed by Exercise With Gloria News in Brief 0 December Bride Song Plugger Persembahan Ku (Malay) 0 News and Newsreel (Malay) 0 Sports Parade 0 8.35 Time In Your Hands (r) 9.30 News
      226 words
Page thumbnail Page 7
  • Article
    CPF—who benefits NOW?
    1886 7  -  By QUEK PECK LIM THE MAIN point to bear in mind about the Increased r 'contributions now called for by the Central Provi- dent Fund is that they do not constitute a loss of earnings. They may and in some cases do constitute a forced deferment of
    1,886 words
  • Article, Illustration
    STRAWS IN THE WIND
    311 7 SINGAPORE'S policy on long hair and Its strict Implementation at Immigration checks are well known and therefore unremarkable in themselves. But It seems a little overzealous to apply the restriction to the letter in the case of a visiting Indian yogi who, as is traditional for
    311 words
  • Article
    International agencies must improve their table manners
    1214 7  -  i FORUM On agriculture •y JOHN DRYSDALE INTERNATIONAL agencies, like academic institutions, not only need to be authoritative but unfortunately they think (to a man) that they must also be seen to be authoritative. This latter desire, which so contorts the English language,
    1,214 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      365 7 ■ii *> T* 1 T» i m i •> H* 3 s > .Afc"* Lunch TODAY OKOH N P ■T -X (£>) ti 9 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hj Hong Leong Bidg Raffles Quay. Tel *****81 I KATSURA
      365 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      53 7 [?5 LJWPvTS NtUOuJ P*ND •0.000 REeTTPkLL? G»V€ UP? —T*HC tmPifce, sm BfVJPvNPi' 7? >toun& TCR'yNoC-TMe Fern's Ufrie. Rftvf OF LOW«LC LJC'Re ON THC Su6J£CT or Did >pu HEFte P6OUT C3Ne -MitfG' got to Teu. rx u>neN to stop* i THC. LfTn£- BOV u)HO "ftX-D His mcrtte# H£_ .Could SPeu.' sri
      53 words
Page thumbnail Page 8
  • INTERNATIONAL STOCK MARKETS
    • Article
      Caution prevails
      554 8 TOKYO THE market was relatively weak yesterday In the absence of Incentive news. Most Investment trust favourites declined slightly, while trading concentrated on tome non-margin Issues and low-and mediumpriced Issues. The market was firm at the morning opening. Some fiscal expenditure related stocks particularly cements edged up on-
      554 words
    • Article
      Lock icon Hongkong
      386 8 Source: SHK Sec CONTINUED apprehension over an Impending rise of 1/2 per cent or perhaps 3/4 per cent in the local prime rate tocether with some lines of HK Bank, Jardlne and Hutchison Whampoa shares caused a mini selloff yesterday morning despite some hopeful overnight London buying. Some nervous
      Source: SHK Sec  -  386 words
    • Article
      Manila
      92 8 THE market closed lower across the board yesterday with turnover rising to 10.83 million pesos from Wednesday's 9.07 million. Leading oil, mining and commercial Issues lost slightly while other secondary Issues were unchanged. 1 CDCP Ineo B a it ♦CI LepantoB. MarinduqueB Meralco Oriental A Oriental B PhilOveraea* Phlles
      92 words
    • Article
      Sydney
      328 8 THE market firmed yesterday with uranium stocks leading the rise In active trading. Dealers said Pancontlhental row All .30 to 819.90, Peko eight cents to 9.70, Queensland Mines 10 to 2.69 and Es Industries and Kathleen Investments five to 2.60 and 2.29 respectively. BHP fell 14 to 7.90, Western
      328 words
    • Article
      Bangkok
      124 8 JULY It Bants Asia Fibre 263 -2 Bangkok Bank S73 unch Bangkok Invert Bangkok-Metro-polian Bank Bau BerUJucker Carpet Intnl 941 -6 CharoongThal Wire Dumex DusitTham Faber Merlin First Trust Oenerm Finance Indo-Thal Industrial Finance Oorp 2456 -20 J And J Ho Jalaprathan Cement m -2 Kamasuta 93 -0.5 LeeKvanc
      124 words
    • Article
      Lock icon Del Monte phases out tuna operations
      218 8 AFP THE Philippine subsidiary of Del Monte Corp of the United States has decided to phase out completely Its tlina processing and canning operations In the Philippines. The English-language Times Journal newspaper said the Del Monte subsidiary, Philippine Packing Corp, would also stop Its
      AFP  -  218 words
    • Article
      Souza Cruz sells food chain
      200 8 BRITISH American Tor bacco's quoted Brazilian subsidiary, Souza Cruz, has sold Its chain of 34 food stores in Rio de Janeiro and Sao Paulo for Just under £7 million. The buyer is Pao de Acucar, the leading supermarket operator which runs the "Jumbo" chain not
      200 words
    • Article
      Jo'burg
      329 8 GOLD shares were firmer In moderate traoe on Wednesday, with dealers citing higher bullion prices and favourable ■old quarterlies as major JULY U Rand INDUSTRIALS A Alpha Abercooi AE And CI AM1C Barlows Cg Sugar CM A Currtt Finance De Beer* Ind Ed con Ed (an Eveready PedVolk ruflt
      329 words
    • Article
      Toronto
      238 8 SHARE prices cloaed broadly higher In active trading on Wednesday. The composite Index was up nearly tlx points and advances outpaced declines 267 to 191. Consumer products was the only weaker sub-group. Alcan 30 unch Algoma 20 Bank Mont 22* unch Bank Norm Scotia unch BeUTel 57* Beth Corp
      238 words
    • Article
      Amsterdam lower
      400 8 EUROPEAN MARKETS AMSTERDAM share prices were mostly lower in very quiet trading on Wednesday due to lack of interest, with Royal Dutch and Unilever 0.50 guilders lower each In Dutch Internationals Elsewhere Ogem, Fokker and Pakhoed weakened, while Helneken, HVA and Amrobank were higher Issues. Slate loans edged
      400 words
    • Article
      Amsterdam
      209 8 JULY U FU ABN 385 00 unch Ahold 105 SO unch Akao 28.00 -0.1 AMEV SI.80 +0.1 Amlu 104 50 +0.5 Amrot Bank 78 40 +0.5 Bergoss 53 00 -1 Berk 9100 unch Boll 70 00 -0.0 BorsumlJ 157.50 +0.5 Burhmann 70 00 -1.1 Byenkorf 94 80 -0.5 Calve
      209 words
    • Article
      Milan
      97 8 JULY U Lire Ante 95 -2 Amoc Qen ***** -130 Ba*to«1 452 unch Central* 3875 -1 rut 1782 •4 rinalder 122 75 4-2.75 Gen Immoto 73 28 -0.75 DlPrl 2228 +4 Ilalcetnentl ***** -110 Italgaa 715 17 ItalaMer 239 ♦0.5 MminetiMPf 907 -3 Martin Ere 303 25 -2.25 Medloto
      97 words
    • Article
      Paris
      241 8 JULY 12 Pr» CORBEI1XK Air-Liquid* 312 BSNOcrv&u Danone v. MS C8F(Thom*onCit) 279.10 ClePrancalae des FVtrolM 138 Compafnie Financier* Compacnle OeneraJe 309 Credit Ponder De nuN 306 Hachette (Ubraine) 230.90 Machine* Bull 41 Mlchelln(B) Parlbai 179 Pechlney Clflne Kuhlmarin 00.40 Peufeot Citroen... 302 Phlllpt (Nt Oem BeHt) 92.20 PiinteoipaSA 00.10
      241 words
    • Article
      Brussels
      92 8 JULY 12 Fr« FORWARD MAR] LZT Acec 313 ♦3 Arbed 2375 +30 Astur 818 ■2 Braican ♦87 •i Bru-Lamb 1525 ♦5 Oanpac we Cock ♦87 -4 De Beer* 188 +2 Etw* 2230 unch Elcctrobel 8580 30 Ob-In no-Bin 2245 +20 0«v 1298 -4 Hobok 2480 +30 Petro 3780 +40
      92 words
    • Article
      Frankfurt
      218 8 JULY 12 Dm Aef-Telefunken 77.80 ♦0.2 Akzc 2820 -0.3 AUx Leber. 670 unch All» Ver» 475 unch BASF 130 90 +0.3 Bay H T Wbank 287B Bay Vbank 319 Bayer 132 00 -0 8 BBC 308 •1 BMW 240 50 -5.5 Chem Verw 245 -4.5 Commersbank 228 50 -1.5
      218 words
    • Article
      Zurich
      178 8 JULY 12 Francs Actions8ulsses 266 unch AlusulsseBr 1290 +10 Alusuisse Reg 510 ♦4 Brown Bowl Br. 1660 +5 Obt Qeigy Br 1120 -5 CibaOeigyPC MSB Clba Gelgy Reg 9*7 unch Credit Suliae Br 2165 ♦5 Credit Suisse Reg 410 unch Qektrowatt Br 173SB Oeorte Fischer Br 685 unch Olobui
      178 words
    • Article
      Selected indices
      64 8 FINANCIAL TIMES INDUSTRIALS Wednesday Tuesday Week Ago 473.S 467.3 452.0 DOW JONES AVERAGE INDUSTRIALS Wednesday Tuesday Week Ago 824.93 821.29 806.79 LONDON DOLLAR PREMIUM Wednesday Tuesday 107 to 108% .109% to HOW H.K. HANG SENG Thursday Wednesday Week Ago 565.69 574.77 582.67 SYDNEY INDUSTRIALS Thursday Wednesday Week Ago
      64 words
    • Article
      CHICAGO BOARD OPTIONS
      1462 8 July 12 CHICAGO Board Options exchange volume eased to 100,069 contracts from 122,452 on Tuesday. •J OPTION JLY OCT JAN STOCK Alcoa Alcoa Alcoa Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon A iron-P Avon Avon-P Avon Avon-P 40 46 90 SO 06 49 90
      1,462 words
    • Article
      Slightly higher
      1062 8 NEW YORK A FIRMER dollar and some attractive second quarter earnings reports gave the stock market a mildly positive bias In moderate trading on WednesAnalysts also said Investor sentiment was aidfd by a change In market leadership from gaming stocks to higher quality Issues such as oils, but
      1,062 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      290 8 We have a history of making I our depositors' savings grow h i The history of Lombard North Central goes back more than 100 years. So it's really no sur- prise that our steady growth has made us an imro portant name in British banking and finance. Individuals and institutions
      290 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon BARCLAYS PLANS STAKE INSTE BANCAIRE
      141 9 Reuter ETARCLAYB Bank Ltd French subsidiary Barclays Bank SA said it Is close to completing negotiations to acquire a 51 per cent holding in the Paris-based unit trust management and Investment advice company Ste Bancalre de Paris, part of. the Paluel-Marmont group. A spokesman said
      Reuter  -  141 words
    • Article
      Swan holders will know by October
      304 9 1 europkan BY THE end of October Swan Hunter shareholders should know exactly how much cash they are going to get as a result of the nationalisation of the group's shipbuilding and repair operations. The Government has revealed that the group Is to get
      304 words
    • Article
      Lock icon Profits at Dornier increase 23pc
      322 9 FT DORNIER, the West Oerman privately-owned aerospace company, has announced an increase In sales of 214 million marks to 722 million for 1977. Operating profits increased to 18.8 million from 16.1 million, a rise of 23 per cent. The main development for Dornier has been
      FT  -  322 words
    • Article
      Bowater
      40 9 BOWATER Corp said It made an agreed £7.1 million bid for Crossley Building Products Ltd. Crossley Is based in the north east of England and activities include builders merchantlng, road haulage and making bricks, roofing tiles and concrete products.
      40 words
    • Article
      Hamilton Brothers plans hook up of wells
      141 9 HAMILTON Brothers Oil and Gas, as operator for the British North Sea Hamilton group, announced that well 30/ 24-9 In the Argyll field tested oil exceeding 10,000 barrels a day. Plans are being finalised to hook up the well immediately to the existing
      141 words
    • Article
      Lock icon Kockums gets deal
      138 9 FT KOCKUMS, the Malmoe group operating the last major Swedish shipyard In private control, has won an order for three floating cement-handling terminals from Llbexlm, a trading company registered In Panama. Only last week the hard-pressed shipbuilder withdrew redundancy notices for 900 workers after receiving an order
      FT  -  138 words
    • Article
      Lock icon A great deal remains to be done at Reeds
      791 9 FT MAJOR problems remain at Reed International and the directors still have a lot to do but at least they are clear as to how it should be done, Mr. Alex Jarratt, the chairman, says in his annual statement. He says
      FT  -  791 words
    • Article
      Lock icon Firestone approves capital spending on radial tyres
      144 9 Reuter FIRESTONE Tyre and Rubber Co said it approved capital expenditures of US$l45 millllon as part of a five-year plan to double production of heavy duty radial tyres at its Nashville plant. The increased output is needed because of what it called strong
      Reuter  -  144 words
    • Article
      Hilton tie-up cuts telephone bills
      505 9 f N AMERICAN HILTON International has concluded an agreement with the American Telephone and Telegraph Company to participate in a programme to reduce the cost of telephone calls significantly for travellers who make International calls from their hotel rooms. The programme,, called Teleplan, will be
      505 words
    • Article
      Lock icon Summit ordered to pay up
      184 9 UPI THE Thai Supreme Court has ordered Summit Industrial Corp to pay nearly US$2 million In customs tax it evaded on the basis of a* mistranslation. The decision upheld an appeals court decision that the tax on 48,653 tonnes of reconstituted crude oil Imported In
      UPI  -  184 words
    • Article
      Lock icon Hanover Trust to open Seoul office
      95 9 Reuter THE South Korean Government has given Manufacturers Hanover Trust Co a preliminary licence to open a branch office In Seoul, Finance Ministry officials said. Under Korean regulations, the company should complete necessary procedures within the next six months to get final approval for
      Reuter  -  95 words
    • Article
      Weeks test results
      102 9 WEEKS Petroleum Ltd said the discovery well in the Blind Pass field of Aransas County, Texas, flowed 57,000 cu.m. of gas a day during a completion test. Negotiations are underway with nearby gas purchasers. Weeks has a 9-3/ 8 per cent stake in the well which is
      102 words
    • Article
      Lock icon Mitsui suspended
      99 9 Reuter THE Tokyo and Osaka stock exchanges said they decided to suspend transactions In shares of Mltsul Sugar Co Ltd for a week beginning July 25, following the company's decision to reduce its capital by 00 per cent. The step has been decided to prevent possible sharp fluctuations
      Reuter  -  99 words
    • Article
      Sumitomo condition for merger with Kansai
      114 9 SUMITOMO Bank Ltd said It will merge with Kansal Bogo Bank If Kansal Sogo •employees withdraw their opposition to the merger. Kansal Sogo Bank said It decided at Its board of directors meeting late last month to seek merger with Sumitomo by April 1
      114 words
    • Article
      Lock icon Kawasaki and VKW win order
      92 9 Reuter JAPAN'S Kawasaki Heavy Industries Ltd and West Germany's Verelnlgte Kesselwerke AG won a 21 billion yen order from South Australia's Electricity Trust for two coal-firing boilers, Kawasaki said The company said the boilers will be completed by October, 1984 at a thermal power station
      Reuter  -  92 words
    • Article
      Lock icon Start up date for WMC's Yeelirrie plant
      507 9 ASIAN UPI WESTERN Mining Corp Ltd (WMC) said It expects a fullscale uranium treatment plant at Its Yeelirrie deposit In Western Australia to come on stream towards the end of 1084. Its draft environmental impact statement said It 61ans td produce 2,566 jnnes
      UPI  -  507 words
    • Article
      Lock icon Oki-ITT exchange agreement
      102 9 Reuter OKI Electric Industry Co Ltd said its 99 per cent owned US subsidiary, Okl Electronics of America Inc, has entered Into an original equipment manufacturer (OEM) contract with International Telephone and Telegraph Corp (ITT) of the US on the supply of electronic private branch exchanges. The
      Reuter  -  102 words
    • Article
      Lock icon Belt deal
      71 9 Reuter s FIVE Japanese conveyor belt manufacturers have!! contracted to export 210,000 < metres of conveyor belts > worth two billion yen to; China. Bridgestone Tire Co Ltd> said the belts, for use in coal mines, will be shipped by; next September. The five manufacturers; are Yokohama Rubber
      Reuters  -  71 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      216 9 CORPORATE PROGRESS THROUGH ASEAMBANKERS Malaysia is at its most challenging era of rapid economic development. The acquisition, jjfa mobilization and employment of money and resources jBFw become of vital importance leading to a demand for merchant jMlrf «|jL banking services. m ASEAMBANKERS MALAYSIA is specially m structured to meet the
      216 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1417 10 listed and business in and reported to the Stock Exchange In brackets In lots of 1,000 units un °U 1 rwlae *Peclfled. All Time Settlement l uotetl after the wora sett Board deal (in lots of fetters BB quote<l a,ter the SECTION ONE INDUSTRIALS Ac ma (2.18B) (1)2.20
      1,417 words
    • Article
      Government bonds
      65 10 4 3/4% IS/t/80 (250.000) (100.408 100.508) I? 1 efts)*" (250 00 ('OO MB lAr VM <2Mooo) 5 i/4% T P 18/7/87 (250.000) (102.008) S 3/4* T P 15/8/88 250,000) (100.906) 1/4% T P IV4/9I (250,000) (100.606) t 1/4% T P IVIO/W (250,000) (100.508) 1/4% T P 1/B/T7 250.000)
      65 words
    • Article
      Stock options
      70 10 STRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets Cold Storage (Sept $1.70) (O.Jft 0.788). C and C (Sept $2.20) (2.708). F and N
      70 words
  • Article
    SHARE INFORMATION SERVICE
    2485 10 1978 High Low Company Last Sale +orGr'a Gr's Net DW Div fhd P/K Crw Vol Day C009) Hick Lo SECTION ONE INDUSTRIALS X 230 233 172 260 83 276 268 210* 478 474 132 Acma 123* Alcom 112 Allied Choc 195* Bata 60 Vi Ben 162 Berjaya
    2,485 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TRUST (Mi——- prion fa, July 14) INCOME BOND UNIT Commerce zT 2.22 The Savlnj Fund i.jj 4 j (Camat p INCOME BOND riess) 1.07 1.12 8 pore Prof Fund i.04 i.io S pore Security -.""d 1.94 2.06 MARA BUMIPUTRA FUND (Mauoi 1 prion tor July 14
    147 words
  • Article
    In Kuala Lumpur
    1616 10 BID and offer price* 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. imdustbialb Ajm»i—l» (S.UB). AI Mm (3.418). A cam u.eis). AMD (OMB 0
    1,616 words
  • Article, Illustration
    Share prices continue to decline
    903 10 A FIERCE tug-of-war between the bulls and the bears developed towards the afternoon trading on the Stock Exchange of Singapore yesterday. Most counters see-sawed under the strain. The battle belonged to the bears, bowever, as share prices eased across the board. Brokers commented they did
    903 words
  • Article
    Kuala Lumpur closes easier
    690 10 SHARES succumbed to further profit-taking at the l} Kuala Lumpur stock ro market yesterday to close on a distinctly easier note. Trading was moderate. Sellers dominated trading f for the greater part of the day. There were some attempts at rally, especially before noon and during
    690 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article, Illustration
      Eu Yan Sang slides
      355 11 THE poor performance of its subsidiaries has caused Eu Yan Sang Holdings to present a disappointing set of group results for the year ended Dec 31, 1977. While the parent's pretax profit was up by 16.9 per cent to $958,982, the group pre-tax profit dipped 18.3
      355 words
    • Article
      Kejora planning Desaru talks
      260 11 THE Johore Tenggara Development Board (Kejora) will hold negotiations with Japanese and French developers to extend tourist facilities at the Desaru complex, about 96 km from Johore Bahru. The Minister of Land and Regional Development, Tan Sri Abdul Kadlr Yusof, said this at the signing of
      260 words
    • Article
      WORLDWIDE HOLDINGS
      57 11 THE board of directors of Worldwide Holdings Bhd informed the Stock Exchange of Singapore that it has decided against the acquisition of 50,000 shares at £1 each and a further investment of another £25,000 in Rex Hotel (Whitley) Bay. In fact, the company is in the process of
      57 words
    • Article, Illustration
      Gold Coin profits up in first half
      1278 11  -  By ARTHUR NG THE sharp upsurge In earnings growth recorded by Oold Coin In the second half of last year has continued into the first half of the current year ending Dec 31, 1978. "Profits for the early months of this year are
      1,278 words
    • Article
      OCEAN ACQUIRES BANDAG
      239 11 OCEAN Transport and Trading Ltd, the UKincorporated parent of Straits Steamship, has acquired the Bandag Tyre Company which holds the franchise for a popular tyre retreading system in England and Wales. In the last 10 years, Bandag has established itself in the UK as the market leader
      239 words
    • Article
      DIVIDENDS ANNOUNCED
      431 11 Currant En Books Date Total for Total for payment Date dote payable the year previous year M. Feed mill* 10%(d) Jun23 Jun 30 Jul 14 10%(b) 10% (b) Aetna 12%(b) Jun 26 Jul 3 Jul 14 12% 12%TE(b) CCM 20%I Jun 8 Jun 20 Jul 14 20% 42*%
      431 words
    • Article
      SCRIP ISSUES
      152 11 company Particulars Ex Date *Books Close Oriental Holdings Wilkinson M. flour Pfcgi Malaysia Groat Eastern Lift M'sia Foodmills Lion Hoe Sentoaa Plywood Synthetic Has ins Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Bonus Issue of 1 for 3 Bonus Issue of 1 for
      152 words
    • Article
      API lands in the red again
      482 11 ASSOCIATED Plastics Industries suffered from three main problem areas during the past year which effectively dragged its earnings into the red again. The first, according to chairman Tan Sri Talb bin Hajl An dak, was "an extremely onerous burden of Interest" amounting to M
      482 words
    • Article
      COMPANY MEETINGS
      140 11 Sanyo Industries (Malaysia) Bhd: AOM to be held at Regent 7, 2nd Floor, The Regent of Kuala Lumpur, at 10.00 a.m. on July 14. Wilkinson Process Robber Co Bhd: AOM to be held at 70', Jalan Am pang, Kuala Lumpur, at 2.30p.m. on July 18. Mrtal Boa Singapore
      140 words
    • Article
      Riverview let down by dull rubber results
      856 11  -  »y SUSAN SEVAN COCOA proceeds and investment Income were responsible for what meagre profit growth there was at Rlvervlew Rubber Estates last year. Pre-tax profit rose 4 per cent to M 52.665 million and chairman Da to Sri J.E.S. Crawford In his annual
      856 words
    • Article
      NSOP expects fall in output
      448 11 AFTER achieving a record profit last year, Negri Sembllan Oil Palms (NSOP) Is set for more placid growth rates with smaller crops expected from the group's estimated 13,300 acres of oil palm estates. Owing to the crippling effects of this year's drought as well as
      448 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      65 11 OVER 150 COMPANIES CANNOT BE WRONG IN LOCATING THEMSELVES AT THE Some 50.000 sq m of space is now N occupied by printing, lithographic, transportation, import/export, garment/textile, electrical/electronics, general trading companies and many others Why not join the« now? PLEASE CONTACT rijgC' TRAFFIC MANAGER Mwahouoog S«rvie«« Department Port of Stngflpori
      65 words
    • Advertisement
      Page 11 Advertisements Column 2
      137 11 o w Malaysian Tobacco Company Bhd. STATEMENT FOR HALF YEAR TO tIET MARCH I(7* GROUP TURNOVER (GROSS) PROFIT AFTER TAX (UNAUDITED) The continuing popularity of our main brand*, the more efficient utilisation or resources together with an Improvement In ""fit in both Singapore and Malaysia contributed to the very satlsfactorv
      137 words
Page thumbnail Page 12
  • Article, Illustration
    Strong pick-up in residential property market
    582 12  -  HIGHER RANGE POPULAR By SOH TIANG KENG THE residential property market has come In from the cold after languishing for the past three years. Valuers see signs of a recovery In the general property market here following a pick-up In demand for both residential
    582 words
  • Article
    Malaysia tops for investment say Americans
    535 12 US COMPANIES, with investments in Malaysia totalling US$7OO million (S$M billion), were unanimous in viewing the country as an excellent place in which to do business and to invest, said US Ambassador Mr Robert Miller. Mr Miller was addressing the Rotary Club of Kuala
    535 words
  • Article
    LONDON STOCKS
    741 12 LONDON, Thurs Equities closed mixed with a firm undertone, while government bonds were barely tested, dealers said. At 3 p.m. the Financial Times Index was up 0.4 at 473.7. Business was restricted by caution ahead of tomorrow's British trade figures, they added. Profit-taking reversed the firm trend In
    741 words
  • Article
    Lock icon US -EEC accord on summit statement
    338 12 Reuter AFP THE UNITED States and the European Common Market hpve agreed to present a common statement to the seven-nation Bonn economic summit this weekend. A Common Market spokesman said the agreement was thrashed out In an all-night session with US negotiators and was
    Reuter; AFP  -  338 words
  • Article
    TEXTILE PACT
    87 12 PHILIPPINE textile export* to the United States will increase significantly under new five-year bilateral initialled. USAmbuudor Richard A member of the Philippine negotiating team said the put probably will take effect this month, when implementing notes are exchanged. Mr. Murphy, making hi* first major speech since assuming control
    87 words
  • Article
    Timber trade takes KL ban in stride
    449 12  -  •y RAHIM KASSIM EXPORTERS of ungraded timber In Singapore are not unduly concerned over the Malaysian government's plan to divert all exports of such timber through the Paslr Oudang Port In Johore. This move has been anticipated by Singapore shippers for quite some
    449 words
  • Article
    New tin price offer
    201 12 TIN CONSUMERS have offered producers a new Intervention range of M 51,300 to $1,700 a plcul at the International Tin Council (ITC) meeting In London. The current tin support prices, approved by the ITC last July are $1,200 to $1,500 a plcul. Producers have been pressing
    201 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      93 12 Everything you need to know about Qantas 7478 schedules from Singapore to Australia London and Europe. 25 departures weekly one stop to London Monday, Tuesday, Thursday and Saturday FROM SINGAPORE DEPARTS m < Athens Bahrain Tues. Fri. Tues. Thurs. Sat Brisbane Wed Thurs. 10.00 Damascus Fri. 9.45 Darwin Wed. Thurs.
      93 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    3030 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the nam* of the ship, the shipping line Involved, and the estimated dates of arrival and departure, from Singapore port SonDwteh has a .Mat Krvlee MTHptol with
    3,030 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      355 13 r— Scan Dutch Fast and Regular Service To/From N.C. /SCAN/W.MED./U.K. Singapore: Tel. *****, Port Ketang: Tel. *****1. Kuata.Lumpur Tel. *****, Penang: Tel. ***** EVERGREEN LINE (EVERGREEN MARINE CORPORATION, FAR EAST/RED SEA, MEDITERRANEAN SEA 1 EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR:GENOA. LATTAMA. KIRUT. ALEXJkMMUA. KNGHAZI, TRIPOII (LIBYA) Sporo lartdM
      355 words
    • Advertisement
      Page 13 Advertisements Column 2
      450 13 SHARJAH SHIPPING CO LTD I 45 V- -AJ r* (UNITED ARAB EMIRATES) rn ami shippihg iin« (UNITED AR»B EMIRATES) GULF SHIPPING LINE (UNITED ARAB EMIRATES) •6ULF MAJESTT 4/7 N *GUIF MAJESTY IS/17 S* 1/10 M 11/2t SM Dotoi/Aka Data/AM M r ACCEPTINC CONTAINERISED FCI CAR6O TO GENEVA AGENTS SUB «'(V
      450 words
    • Advertisement
      Page 13 Advertisements Column 3
      292 13 g Seatrain Full Container Service to USA loavu rrott HOTxcim m Fuoavu store HKJStI IS/7 a/7 *«SUf «/7 29/7 m OAK LA (KF (/C 2i/7 ivi 17/1 a/i a/i 9/1 2VJ 27/1 s/t 1/9 Full Container Service from USA. HHI24 SotrtM Unto't 1/7 7/7 l/C SULf OM U m FUDCIVSI
      292 words
    • Advertisement
      Page 13 Advertisements Column 4
      341 13 •Ml. "CHEWY "SEIAMAT DATANC Ml CHEWY MANtS 'II KN HOW •Ml lUNA MAtINA N 'GETAH KIMBAIU -CMIMTCNMTK Ml SINCE* TUMI M l CIOMUSTMOCr MI CHERRY TIN' Ml XHCMT 1.8.N.' Ml "VAIAJO" no BBuag 17-7-71 MUKPAPAN SAMARINOA 17-7-71 MKARTA 11-7-71 UIUNC PAWNING an imuitsia service 11-7-71 an. SAMUIBMATANG 72 7 71
      341 words
    • Advertisement
      Page 13 Advertisements Column 5
      84 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel. *****. Port Kelang: Tel *****1. Kuata Lumpur Tel. *****. Penang Tel ***** NOTICE DOWA LINE CO. LTD JAPAN M.V. "NUBANTARA V" Voy. 4A Arrived 9.7.78 P.P. Wharf Qodown 302 General survey on damaged cargo discharged ex the
      84 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      743 14 ■i m SHIPPING FULLY CONTAINERISED TO EUROPE IrwMß Etpmt Uu|i Mini Tffef* Sty 22/7 24/7 21/7 30/7 4/8 6/8 C*6|MBar 4/8 6/8 26/8 28/8 29/8 31/8 11/8 12/8 31/8 2/9 3/9 6/9 EXPRESS CONVENTIONAL TO EUROPE Span MUait P*t BMkM (m H'tan B'fcmnMam Attfwr* nuiiliiini I 16/7 IS/7 11/8 4/8
      743 words
    • Advertisement
      Page 14 Advertisements Column 2
      815 14 fa SANKYO LINE] AUSTRALIA SERVICE f. Mwf SmgajMr* loading far. DIAMOND STAR 11/11 >*U 19/20 JULY FREM ADEI. MIL. SYD. rut MAN 27/29 /uty 30/31 My DWN, WIS. SYD, MEL. MATCAJtP 12/14 Aug 10/11 Aug BfctS, SYD, MEL. BANGLADESH SERVICE MAY CARP 21/22 JUL* 23/24 JULY CHITTA6ONG, CHALNA GENERAL AGENTS
      815 words
    • Advertisement
      Page 14 Advertisements Column 3
      491 14 4 LAND" U.S.A./ ASIA SERVICE MY KFMGEMTED CONTAINER SERVICE SAIUM EVERT WEDNESDAY FOR ROWS IN USA. CANADA CARIBBEAN MMN. KOREA. TARMN, NOW ROM. TNARANO AM PHILIPPINES VESSEL/VOYA6C Vessel WORLD LION V 4 ,^®B® PONCE V 329 July 25/26 WORLD LION V 5 JU.H/2 WORLD TI6ERV6 ah/S MID EAST SERVICE C.F.S.
      491 words
    • Advertisement
      Page 14 Advertisements Column 4
      881 14 Everett Lines/ Burma Fhn Star Sfcipping Carpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON HTONEYWA 15/16 JULY B.F.S.S.C. Acents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel *****/ ***** V m Compania Argentina Da Waw|acii« Intercontinental S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUENOS
      881 words
    • Advertisement
      Page 14 Advertisements Column 5
      398 14 I \KDIM w i \n zr Orient Overseas Contci*ieA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) All neuels call Brwncluven itw Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA FULLY CONTAINERISED TO/FROM US WEST/EAST COASTS, mil (STRAITS CARGO VIA FEEDER TO/FROM MONO KONO) MR l (teach NY Bait Ch ton
      398 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1227 15 qcl Overseas Containers Limited IQTKt T> W/CifPT: irtarg S'rot P. Kalanf D'aark tna I M I Aat Ita KM I M lA* rom le A'atrf Hrrtt I umn II M lta| !l« lh| Hta 111 MAN MM Il« I tat i ta|(l4 1*) 11 Ai lam MT a M M
      1,227 words
    • Advertisement
      Page 15 Advertisements Column 2
      1155 15 Ben Ocean Aart seme* afßtoLimßkjeßamelGtenlM and NSMO BR/CMTOKKT (v«a mo MM la Pt/14 '*»Y MM**, lotto. Luioes, •tttarda*. Hall. Tiltary tl**t LtiMts. Rilbeo. Amtterdim, Hall FIRM M/CtNTIMMT (Tit tan) Sail* Euroo* Ptiianf P Kala*t Smftpo<* PW> 11/17 act Indonesia- hk. lata* SINBAPORE a STMUTS SMTPIM PTC. if*. <I*l7l. KUALA LUMPI'R
      1,155 words
    • Advertisement
      Page 15 Advertisements Column 3
      880 15 BEN LINE ok* i 5* 3 iu3 I y**+ n Sport r. MUM u My I»« ASIAN PALLAS «S7 >« ASIAN PBINCISS «H th| lAm ASIAN PBINCESS «H I HI IMI IKIN MAN Hi lAn lAM ASIAN KIASW 4* II A« A«| spore iih line una K.L. KM LIKE *****
      880 words
    • Advertisement
      Page 15 Advertisements Column 4
      892 15 Scan Dutch V 31 *.yr»T»i. if .i 1.1 a. a:ri w i*i-u CONTINENT/SCANDINAVIA FaaPar Iraa p Ulan* Vessel [UMW if/ hMCtitl it! 1 UUNM mum V ruwc.u »/1 CUAMIA 11/ Ml KilIU ml 1 1! I 11/ B IV i/i k/i a/i a/i ii/i a/i t/i vi a/ vi vi
      892 words
    • Advertisement
      Page 15 Advertisements Column 5
      449 15 GUTHRIE BOUSTEAD THE BANK L INF LTD tMK FM L ft S AFRICA TATBANA WMritin. Reunion. Zaiube'. Durban. 1.L., P. 1.. Cipttnm) P. Reipn| Mm M S pert WH nmi easi inm vnci m ■—N. maniu HinUM Ptun* P Relpnf S pore 1/ I SEIVICt MKCT FROM II ua Accfrrac
      449 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      735 16 K LINE KAWASAKI KISEN KAISHA. ITD. OnfflEEßaai (VIA S«) ly CaidMr S'pore P. Kelang L.Hawe Hburf Bremen R'dam A'« kptwi nm. iiw aMy ai Mr 11 An 12 «n 13 An is a CHEVALIER M2E M 27 My 21 My 1« An *n UMf2l *n 22 A NUNC CONTAINER 11W
      735 words
    • Advertisement
      Page 16 Advertisements Column 2
      1142 16 E.C.-U.S.A./ATLARTIC/6UIF SERVICE latmnc Fct'tu cwnrai fmk staK. p. sun. nu laadiaf tar: NBRFOLX. NEW TORR. BUTIMMf, NfW NUUt. HOUSTON Singapore P. Keang (timii Pfm "A VESSEL E.C./GREAT LAKES SERVICE Ltataf tar: HMflll NEW TIB, MONTtIAL. TNNTt. ASNTABNLA. DETROIT, CMC* •*"»<*» ftaiawaa r Ktimi sum •I.R. VIST DENIAL" (NRSA 14 SCI)
      1,142 words
    • Advertisement
      Page 16 Advertisements Column 3
      907 16 1 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: la marc oru ska* P. Kelang Shampton H bw| KEPTVNt PEAtU 21 My 21 My 7k* CHCTUIEI RUE 27 My 21 Mr 14 ta| UA% MMMNC CONTAINER 5A* IA« ZJ A* 27 MKATN 11 taf 12 A* lit 2Sapt NEPTHIE PEARL 21
      907 words
    • Advertisement
      Page 16 Advertisements Column 4
      651 16 I MALAYSIA* m/WWATIONAI SHIPPING CO*PO*A7tOff MOIHAO express fully containerised servici TO/FROM MED/UK/CONTINENT/SCANDINAVM HTl—. Feeder "P >m» VMM I S'pore I) MWtlXl 2) Mm X H»ur 4) Cbu Ml Kin SI M nrtM* Si.led Sailed l*M Sa HI Sailed I 28/ ■ca. bejima sailed s«M m pi 11/ > 11/ t/i
      651 words
    • Advertisement
      Page 16 Advertisements Column 5
      749 16 INTRASEA (PTE) LTD Kansai Line STRAITS/AUSTRALIA SERVICE Singapore P. Kelang LaaMg tar FORTUNE* f. 7 II My II My Brisbane/Sydney/ Melbourne Adeiaidt. *wi»: »"Purl mutu (mi LTi.-imm-M*iw-tww. I. Laair YEI SNIPPINS A TBABIK—MM. MM ALPAC LINE SOUTH AFRICA SKRVICX S'pore P. Kelang Penang Laatag lar. IKNES CRACE V. a II
      749 words