The Business Times, 18 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 TUESDAY, JULY 18, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Tin prices ease
      64 1 AFP LONDON, Mon. As a further reaction to the "disappointing" rise in the price range within the International Tin Agreement, announced last Friday, tin prices eased further this morning on the London Metal Exchange. Falls amounted to £55 and £40 respectively for cash and foward metal. In
      AFP  -  64 words
    • Article
      Lock icon Utapao Airbase
      77 1 AFP. BANGKOK, Mon. German, Japanese and Singapore companies have submitted proposals for the lease of Utapao Airbase for commercial purposes, a Commerce Ministry spokesman revealed today. The unidentified Japanese and Singapore firms expressed interest in leasing Utapao (the former home of American 6-52 bombers) Tor use as a
      AFP.  -  77 words
    • Article
      Lock icon Fukuda to meet Strauss
      67 1 AP. TOKYO, Mon. Prime Minister Fukuda Intends to meet with US Special Trade Negotiator Robert Strauss in Bonn in a bid to find a breakthrough in deadlocked US-Japan talks on tariff cuts for industrial products. Kyodo News Service said Mr. Fukuda spoke to Toshio Kohmoto, Minister
      AP.  -  67 words
    • Article
      Lock icon Loan to Vietnam
      79 1 UPI. TOKYO, Mon. A group of 23 Japanese commercial banks has agreed to provide Vietnam with a loan worth 87.7 million German marks (about $92 million), the Bank of Tokyo reported today. Vietnam will use the fund to pay for its imports of steel products from Japan.
      UPI.  -  79 words
    • Article
      Lock icon Tokyo summit?
      54 1 AFP. TOKYO, Mon. Chief Cabinet Secretary Shlntaro Abe said today that Tokyo might be host for the next summit of the industrialised nations in July next year. The Foreign Ministry will begin negotiations with the nations concerned about the next summit soon after the Bonn summit now being
      AFP.  -  54 words
    • Article
      Lock icon MTN deadline
      67 1 AFP BONN, Mon. Participants in the economic summit meeting here agreed today to set Dec. 15 as the deadline for completing the multilateral trade negotiations. Informed -sources said the seven leaders in their final statement would endorse the progress so far achieved In the Oatt talks In Geneva,
      AFP  -  67 words
    • Article
      Lock icon Smaller growth likely
      58 1 AP COLOGNE, Mon. West Germany's 1978 real economic growth will reach only 2.5 per cent because of the slowdown in the early part of the year, the German Economic Institute predicted today. The growth projection by the research group was considerably below the Bonn government's target of
      AP  -  58 words
    • Article
      Lock icon Dow Jones
      99 1 UPI. NEW YORK, Mon. Stocks headed higher today in active trading as the seven-nation economic summit wound up in Bonn with President Carter claiming to have achieved all of his objectives. Trading was active. The Dow Jones Industrial average, a 15.07-polnt winner on Friday, was ahead 5.02 points
      UPI.  -  99 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      138 1 Rises Most active Dun top Eat Hone Leong B Ray a Emo Sin Chew DBS Magnum Corpn A Enterpriaea N anvang Preaa K L Kepon* Spore Land J C MPH Falls Tronoh Mine* fonaplant Wrta Olympia Nat Iron Selanfor Dredg Ol'B 424 290 223 356 320 374
      138 words
    • Article, Illustration
      In Kuala Lumpur
      173 1 Rises Most active Magnum Corp 3.50 .12 Consplant 589,000 Dunlop Est 4.32 .12 S. Darby 569,000 Sel Dredge 4.60 .12 Sim Llm 476,000 Berjuntal 8.90 .10 Haw Par 278,000 Roth mans 4.38 .08 Total Turnover: 4.50 m M. Weaving Sim Llm 1.15 1.32 .06 06 Total Value:
      173 words
  • Article
    Asean workers for our factories
    686 1  -  EDB TO THE RESCUE By FONG MEW LENG THE Economic Development Board has proposed two schemes to help ease the labour shortage facing Singapore manufacturers. The board hopes to help manufacturers recruit workers more easily from Asean countries through the Issue of block work permits
    686 words
  • Article
    Lock icon PHILIPPINES TO FIGHT SURCHARGE
    279 1 Reuter. THE possible imposition of a congestion surcharge by shipping conferences carrying cargo to the Philippines has prompted the Philippine Shippers' Council to complain to the Association of International Shipping Lines. Mr. Qulazon, head of the Philippine Shippers' Council, said, "This surcharge would unduly make imported
    Reuter.  -  279 words
  • Article
    Give and take expected at Bonn summit
    555 1 THE BONN economic conference communique to be published Is expected to include a significant new West German commitment on growth and an equally significant new US commitment on energy. Conference sources said yesterday the Germans would promise to Initiate measures sufficient to add
    555 words
  • Article
    BATS OVER-RATED
    356 1  -  By ARTHUR NG SOME 7,000 shareholders in Malaysian Tobacco Company have enjoyed a 12.5 per cent value appreciation from the recent re-con-struction of the company into two entitles BritishAmerican Tobacco (Singapore) and the new MTC. When these two newly restructured companies hit the market yesterday, the combined share
    356 words
  • Article
    Hefty rise in car road tax round the corner?
    288 1 THE GOVERNMENT is expected to raise the road tax on private cars before the end of the year. Hiis increase, the fifth since 1972, could be substantial and may be as much as 70 per cent for certain engine capacities. But
    288 words
  • Article, Illustration
    HDB's No. 2 likely to head URA
    279 1 MR LIU Thai Ker, deputy chief executive officer of the Housing and Development Board, Is expected to be the new general manager of the Urban Redevelopment Authority. The Incumbent, Mr Alan Choe, has sent In his resignation, effective from Aug 20, according to
    279 words
  • Article
    Lock icon Sutowo is cleared
    139 1 AFP THE former head of Indonesia's state oil and ga& company, Lt. Oen. Ibnu Sutowo, 63, has been cleared from all charges of Involvement In an alleged manipulation of multi-bil-lion US dollar oil tanker charters, Attorney General Mr All said yesterday In Jakarta. Investigation Into the tanker
    AFP  -  139 words
  • Article
    RUBBER EXPORTS DIP
    52 1 PENINSULAR Malaysia's rubber exports fell to a provisional 114,728 tonnes In April from 133,792 tonnes In March but were higher than the 108,118 tonnes exported In April last year, the Statistics Department said. Imports fell to 3,209 tonnes (5,952 and 3,622 tonaes in Marcn, 1978 and April
    52 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      24 1 TRETORN TENNIS TRAJNER IMPROVES YOUR GAME IMMEDIATELY Sports Shops Sote Agent: WINSTON'S PTE. LTD. Gl6,Ocean Building Centre. Singapore 1. le): *****6/*****3 SEE THIS PAGE
      24 words
    • Advertisement
      Page 1 Advertisements Column 2
      129 1 Look! TOOTH® SSKMIJTE World's first with TWO sensors. Ingenious. Instantly twice as safe (both sensors have to be touched by the hand nothing else will do) yet so light to the touch the sensors and Safety Lock need only the lightest touch ever. An absolute fine control that saves you
      129 words
    • Advertisement
      Page 1 Advertisements Column 3
      110 1 mm SHIPPING TIMES DETAILS of Gold Coin otter.. 11 WHO gives Public a utrh needed boot HY-Q expansion crystallise* 2 Banking Corporation 6 SHERATON countdown to FORUM on tourism: A Up or opening day 2 two 7 US interest rates: TTie $64 DETAILS of Gold Coin offer.. 11 3 WHO
      110 words
    • Advertisement
      Page 1 Advertisements Column 4
      204 1 APS ELECTRONICS (PRIVATE) LTD SlNGAPoft€'Te* *****4 (5 Lines APS ELECTRONICS (M) SON BHD KUALA LUMPUfI Tel 03-*****0 SEE PAGE 2 London flights? Plenty. But did you know that from KLM's home base you can reach over 22 destinations in the U.K. and Ireland? o Aberdeen Glasaow sgow -m nr Belfast
      204 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      Better flats and estates, HDB told
      374 2  -  OPTIMUM POPULATION By RAHIM KASSIM THE HOUSING and Development Board has been urged to consider the needs of individual housing estates when starting new projects. The call was made by the Public Daily Rated Housing and Development Board Workers Union following a seminar on
      374 words
    • Article
      Lock icon Drop in Singapore rubber exports
      226 2 Reuter. AP EXPORTS of all types of rubber from Singapore fell In May to 82,521 tonnes from 88,888 tonnes In April but rose from 80,593 tonnes in May, 1977, the Statistics Department said. Imports of rubber, however, rose to 53,369 tonnes in May compared with
      Reuter.; AP  -  226 words
    • Article, Illustration
      Sydney branch of MWM Diesel Far East
      197 2 MWM Diesel Far East Pte Ltd, the wholly owned subsidiary of MotorenWerke Mannheim of West Germany, hat set up an office in Sydney. Australia its first overseas branch. This is the first time that a foreign subsidiary of MWM has set up its
      197 words
    • Article
      Hy-Q gears up with new factory in Jurong
      511 2  -  BY FOO CHOY PENG HY-Q ELECTRONICS International (Singapore), a wholly-owned subsidiary of Australia-based Hy-Q International, Is constructing a new factory In Jurong to cope with Its expanding activities. Located at the Junction of Penjuru Road and Jalan Ahmad Ibrahim, the factory will
      511 words
    • Article
      Quality control in electronics
      152 2 THE SINGAPORE Quality Reliability Association is organising a seminar on "Electronic Supporting Industries Quality Consciousness for Export Promotion" at the ShangriLa Hotel this Thursday and Friday. Dr. Ahmad Mattar. Acting Minister for Social Affairs, will open the seminar which is sponsored by the Association of Electronic
      152 words
    • Article, Illustration
      Sheraton prepares to greet its guests
      714 2  -  By TEO TECK WENG CENTURY Park Sheraton Singapore will open Its doors to Invited guests on Dec 1. The official opening, however, will take place seven weeks later, in January. According to Mr. Axel Goerlach, Sheraton's general manager, the 464room hotel at Nasslm Hill
      714 words
    • Article
      CHANGI GOES ON THE AIR
      199 2 A LEADING American manufacturer of communications equipment has won a $1.8 million contract to Install a complete line of air facility communication equipment at the new Changi Airport. Wescom World-wide's equipment and a team of engineers will arrive in Singapore in November or December, said
      199 words
    • PEOPLE IN BUSINESS
      • Article
        MR. WILLIAM GOH
        59 2 has been appointed general manager of Brentnall Beard, the firm of insurance brokers. Mr. Goh is an associate of the Chartered Insurance Institute of London. He has been with the Insurance industry for 18 years, serving in senior positions in both local and foreign companies. Currently, he
        59 words
      • Article
        MR. JAMES SCANLAN, Jr.,
        107 2 vice president of Irving Trust Company's Singapore Branch, will take over from Mr. Steven Drlscoll as manager. In this capacity, Mr. Scanlan will supervise Irving's corporate business in the Asean region. Mr. Scanlan received his BA degree from Fordham University and his masters in Business Administration
        107 words
      • Article
        TRAVCOACH Pte Ltd,
        51 2 a member of the Tour Holdings International group, has promoted MR STEPHEN 001 from transport executive to manager operations and sales. He will report directly to the managing director of THI. Mr George HamiltonDick. who will take a more active part in the management of the coach
        51 words
    • Article
      Lock icon FORESTRY PRODUCTS
      160 2 AP. HUNDREDS of businessmen from more than 20 Asian, European and North American countries as well as from Hongkong and Macao are In Peking to attend a fair of forestry products and sundries. The fair, which opened on Saturday, was arranged by the China National Native Produce and
      AP.  -  160 words
    • Article
      MEMO PAD
      356 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 17-19: Increasing Hotel •Sales Effectiveness, KL Hilton, Marketing Improvements Aug 7-8: Costing financial analysis for marketing managers; Hilton, Price Waterhouse Aug 10: Performance management, Hilton,
      356 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      62 2 m y jr ***** (1 ton) aa 1 ASIA MOTOR CQ (PTE) ITDt >NKg. Ampat, off Macpherson Road. Tal: *****6 1-3, Ngaa Ann Bldg., Orchard Road. Tal: *****2 Showrooms open: Mon. to Sat 8.30 a.m. to 8 p.m. Sunday 8.30 a.m to 3 p.m. SAN MOTOR CO (PTE) UU 27,
      62 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      672 2 LI TVD-11-OHE CROSSWORD U 1 12 CRYPTIC PUZZLE ACROSS 4 So pretty fabric Is a comfort (6) 7 Pinch, but not for long (4. 4) 8 Where, In the forest, a note has a soft sound (6) 10 Dear Brian (5) 13 Show regret at being a little pig-headed (4)
      672 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Energy bill struggles up Capitol Hill
      1063 3 NYT. THE US Senate Is scheduled to take a final vote early this week on the first part of President Carter s long-delayed and Increasingly jeopardised energy bill. A part of the legislation requires electric utilities and industries, with many t exceptions, to switch
      NYT.  -  1,063 words
    • Article, Illustration
      CHOCOLATE ORANGES
      99 3 MILK chocolate segment*, wrapped in the shape of oranges, being packed at the factory of Joseph Terry and Sons Limited, the well-known chocolate and confectionery firm in the north of England. The company is participating in the Westminster Chamber of Commerce trade mission to Malaysia, the Philippines and
      99 words
    • Article
      Lock icon Stainless steel dilemma
      901 3 FT MOST of the row about the US steel industry has focused on the wellEubllclsed problems faced y the conventional steelmakers. But over the coming months, the debate Is likely to shift to another area: the speciality steel Industry, notably stainless steel. One of the leading figures
      FT  -  901 words
    • WORLD IN BRIEF
      • Article
        Lock icon GOLD FIND IN PERU
        467 3 Agencies A MAJOR gold discovery has been announced In the Mad re de Dlos region of Peru, and officials predict it could solve Peru's basic economic problems. The find was announced by Gullermo Flores, president of the state-run Centromln Peru Co, which prospects In this south-east
        Agencies  -  467 words
    • Article
      Lock icon Fed faces Hobson's choice on rates
      1002 3 NYT. 1 US INTEREST rates have been steadily climbing for more than a year. A useful B winter is that the Federal eserve's funds rate has risen from 5.33 per cent last year to Friday's 7.75 per cent. The question now is how high
      NYT.  -  1,002 words
    • Article
      Lock icon A poor record of limiting arms sales
      292 3 UPI. DESPITE its announced policy of restricting arms sales abroad, the Carter Administration is not making much progress, a new study concluded. The authors, who Include two State Department officials. estimated US sales and grants of military equipment and construction aid to foreign
      UPI.  -  292 words
    • Article
      Lock icon Bringing order to the Antarctica
      427 3 AP THE KRILL. a small, shrimp-like creature, was (he focus of an international debate among diplomats and scientists who gathered In Buenos Aires yesterday in search of a formula for managing Antarctica's untapped riches. By the end of the threeweek meeting, the 90 delegates from
      AP  -  427 words
    • Article
      Lock icon Iraq to save its oil
      536 3 AP. IRAQ HAS embarked on a large-scale oil production programme and is considering a new policy designed to delay depletion of the nation's oil reserves. Oil Minister Tayih Abdul Karim said the Iraqi Revolutionary Command Council is considering a new production and marketing policy designed
      AP.  -  536 words
    • Article
      Lock icon UK'S OWN MONEY PLAN
      147 3 AFP. BRITAIN intends to propose its own West European monetary plan in the wake of the project mooted t the recent Bremen summit of the European Economic Community (EEC). British Treasury sources who disclosed this in London said the Treasury thinks the idea of limited currency
      AFP.  -  147 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      455 3 HiTi rTTTTIi 11 »T?BST7T?^r?Tff7IKTffB? ipX&H Linguaphone's proven by 4,000,000 successes in 36 languages More than 4,000,000 people from al walks of We around the world have successfully acquired another language through Lmguaphone. Proof enough that you can just as easily masler Mandarin as a second language with Linguaphone 's Mandarin
      455 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      281 4 OPENING prices yesterday were down one cent and the market later fell further on stale bull liquidation upcountry selling and a lack of support. Buyers' reserve, notably in nears, also aided the lower undertone. The morning session closed lower with August One RSS buyers quoted at
      281 words
    • Article
      Closing prices
      29 4 Rubber: July 17 Singapore: August 227.00 cents (down 2.25 cents) Malaysia: August 231.00 cents (down 2.25 cents) Tin: M 51,718 (down $4) Official offering: 233 tonnes (unchanged)
      29 words
    • Article
      RAS PRICES
      393 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R S S prompt f o b. Buyers Sellers Buyers Sellers 226.50 227 00N 226 75 227 25N Int. 1 R.S.S. August 226.75 227 00 227 00 227 25 Int. 1 R.S.S. September 227
      393 words
    • Article
      SSR AND SMR
      109 4 NOON SSR and SMR prices yesterday: Aufuat September HAS (Current Mth) (Forward Mth) Buyers Seller* Buyer* Seller* (cenu per k«) (cent* per kg) SSR 20 (1-ton pallet) 210 00 212.00N 211.00 213.00N SSR 50 (1-ton pallet) 208 00 210 00N 209 00 211 00N MRELB SMR5CV (1-ton
      109 words
    • Article
      Straits tin
      212 4 DESPITE the higher International Tin Council buffer stock price range, the Straits tin price fell Ms 4 to $1,718 per picul in Penang yesterday. The price Is now $18 above the new celling of $1,700, with dealers attributing the easiness to last week's weak London close and a
      212 words
    • Article
      Zinc
      69 4 ZINC at the end of morning ring dealings was £7.25 down for cash and £7 per tonne lower for Three Months in London yesterday. Values fell back under long liquidation and some stop-loss orders which dealers attributed to the downtrend in lead and a quiet physical market. Volume was
      69 words
    • Article
      Lead
      80 4 LEAD ended the morning ring £8.75 down for cash and £8 per tonne lower for Three Months in London yesterdav. The market displayed an easier trend with Three Months, after trading at £324 per tonne during early dealings, moving down to £317 In the ring. Dealers said a large
      80 words
    • Article
      Produce exchange
      228 4 THERE was little activity on the Singapore produce market yesterday. Prices remained unchanged except for pepper. AH grades of pepper eased by $2.50 per plcui. There were no news from overseas buyers, reported a packer. Coffee traders on the London terminal market said that there was little buying
      228 words
    • Article
      Hongkong Comex
      142 4 THE sugar market yesterday closed about 0.05 cents lower in continued quiet trading, with six lots traded against seven on Friday. The Hongkong dally spot sugar price eased 0.10 to 6.30 cents. The cotton market closed 0.60 US cents lower at the day's low in quiet trading, with
      142 words
    • Article
      SPOT PRICES
      194 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cot toe Yara: China Blue Phoenix 20s 1.730. 32s 2.200: 40s 2.300 (per bale of 400 lbs). Place Goods: China Butterfly and Globe Brand unq, Dragon Head una. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq (per piece
      194 words
    • Article
      Gold
      177 4 THE KILOBAR in Singapore yesterday opened at 5513,887 and closed lower at $13,828. The lowest and highest of the day were $13,820 and $13,894 respectively. Spot gold for London opened at US$lB5.BO/ 186.20 and closed at U*****.20/40. The tone of the market was quiet. The London morning gold fix
      177 words
    • Article
      Coffee
      211 4 ROBUSTA futures In London yesterday opened easier down £44 to £37 per tonne from Friday. Turnover was 429 lots. September ended the opening call £42 lower at £1,245 after Initially trading £17 down at£1,270. At end-call, some deferred Months were trading at new contract lows. Dealers said there was
      211 words
    • Article
      Lock icon Irregular pattern to commodity prices
      1220 4 AFP THERE was another Irregular pattern to prices on the London commodity markets last week, as trading remained seasonally quiet. Currency considerations played a significant part in the movement. In front of the Bonn summit, Just 10 days after the Bremen meeting of the European
      AFP  -  1,220 words
    • Article
      Cocoa
      89 4 TERMINAL cocoa In London yesterday opened with little change from Friday In thin dealings. Nearby forward differentials widened slightly but spot July was still discounted to both September and December this year and even March 1979. Traders noted the entire nearby/forward backwardation differentials had been reduced to around £60
      89 words
    • Article
      Silver
      102 4 THE Hongkong silver market yesterday closed unchanged from Saturday's close of HK5245.00 per 10 ounces in continued featureless trading, with turnover estimated at 10,000 ounces, dealers said. The local close was equivalent to 5.2654 US cents per ounce, slightly higher than Friday's New York July close of 5.2430 cents.
      102 words
    • Article
      Rice
      198 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne FOB 'basis Bangkok i White Rice: 100 pet Ist class 432. 100 R2nd class 417,100 pet 3rd class 412. rt 403. 10 pet 385. 15 pet 377, 20 pet :3t2. 25 pet 362 35 pet unq.
      198 words
    • Article
      Copper
      91 4 COPPER wlrebars In London yesterday fell by mostly £2 per tonne. Although a London warehouse stock decline of 6,800 tonnes to 490,475 tonnes was rather more than anticipated, values softened under the Influence of the dip In lead and the quietness of fresh outside demand, trade sources said. Some
      91 words
    • Article
      Sugar
      90 4 TERMINAL sugar In London yesterday was mostly lower at the opening by £0.05 to £0.35 per tonne although near August rose £0.35 on technical covering. Dealers said the market failed to hold Friday's rally due to overriding bear sentiment. Both the London dally raws and whites prices were unchanged
      90 words
  • MONEY AND EXCHANGES
    • Article
      Singapore market
      571 4 THE US dollar strengthened against major currencies on the foreign exchange market yesterday. Dealers attributed this to a statement from US President Carter which started the dollar's climb in late afternoon. Opening at 202.85/95 against the yen, the US dollar staved at that level for the early part
      571 words
    • Article
      Asian $ & CD rates
      235 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 17: US Dollar Htm BT 7 days 8 1/18 r is/18 1 mth 8 5/18 1 3/16 2 rnths 8 1/2 1 3/8 3 mths 8 3/4 8 5/8 6 mths 9 3/18 9 1/16 9 mths
      235 words
    • Article
      Discount
      47 4 RANOE of price* offered by discount houses on July 17: Overnight 2* to 3** Cat) deposit Closing Buying Selling 3-Month Treasury bills 3 5/16 3 3/16 3-Month Bank bills 511/16 5 5/16 3-Month CD 5 7/8 53/4 6-Month CD 6 61/16 Source: National Discount Co Ltd.
      47 words
    • Article
      MLR
      21 4 THE average rate at which Singapore hanks are currently prepared to lend to their best customers is 7 per cent.
      21 words
    • Article
      Frankfurt
      46 4 FRANKFURT exchanges opening quotes on July 17: U8 2 0613/23 2 085/95) Can 1 8370/90 8tf 3 845 895 D Ft 92 80/70 8 Ft 113.2S/45 Ut 2.424/434 rrtii o*i8 N Kr 38 10/20 B Fr (con) 8.343/34S B Fr (fin) 6.2A/27 Yen 1 0130/80
      46 words
    • Article
      London
      224 4 OPTIMISM that a far reaching agreement may be reached by heads of state and government at the Bonn summit, concluding yesterday, underpinned the dollar in early trading, dealers said. But business was thin and nervous and market participants were discussing the implications of the pronouncements so far. Some operators,
      224 words
    • Article
      Tokyo
      153 4 THE dollar for overnight delivery yesterday closed higher at 202.95, compared with a 202.40 opening and 202.73 at Friday's close, dealers said. Trading volume was a light US$324 million. The dollar fluctuated between 202.75 and 202.95 yen In quiet late trading, after rising briefly to the day's high of
      153 words
    • Article
      Hongkong
      173 4 IN THIN trading amid some position squaring, the US dollar yesterday closed firmer than New York's Friday closing levels. Reports from the Bonn summit had little impact on the market but operators noted some European buying in mid-afternoon as the dollar recovered. The US dollar firmed to 2.0580/90 marks
      173 words
    • Article
      Euro $ rates
      144 4 Euro rates LONDON Eurodollar deposit rates yesterday Inclined slightly easier In quiet early trading. Periods were on offer and rates generally eased 1/16 point on the offered side on lack of interest. One Month narrowed to 8-1/4, 8-3/16 per cent after being adjusted lower following Friday's technical mark up. Three
      144 words
    • Article
      Eurobonds
      148 4 LONDON Eurobond prices yesterday showed few changes In quiet early trading as uncertainty over currency fluctuations and the trend In US Interest rates continued, and operators cautiously awaited the outcome of the Bonn sumrr't. dealers said. Some straight U8 dollar issues rose by up to 1/8 point were changed
      148 words
    • Article
      Australia/NZ
      56 4 AUSTRALIA and New Zealand exchanges on July 17: AU8TRALIA: US dollar 1I4H/ 1,1448 Sterling 0 8119/ 0.6060 Ninety-day airmail buying rates: Sterling 0 6320 U8 dollar 1.1627 Ninety-day forward buying rates Sterling 0.6127 US dollar 1.1434 NEW ZEALAND: Sterling 0 3606/ 0.5479 US dollar 1.0416/ 1.0316 Ninety-day airmail buying
      56 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      150 4 Don't let the language barrier stop you from wider contacts iQS 8 C r* 1 I G A s o p \e b YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- I ling in fact anywhere and any time that suits you. Possess ing a second
      150 words
Page thumbnail Page 5
  • TRANSPORT
    • Article, Illustration
      Ample business awaits local yards in Asean
      648 5  -  By CHAN BONO SOO AMPLE business opportunities await Singapore shipbuilders and shiprepairers who establish yards In the Philippines, or other Asean countries. Such yards will be able to attract business which normally goes to Hongkong or other maritime nations. Keppel Shipyard of Singapore
      648 words
    • Article
      Port authority team to rescue tourists
      324 5 THE Massachusetts Port Authority has sent four officials to Amsterdam to help stranded Pan American Airways' passengers find a way home. It made Its move after citing what It called "Inadequate" efforts by PanAm to clean up Its own mess. The passengers are victims
      324 words
    • Article, Illustration
      SHIPS IN PORT
      421 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chosel Maru (0900 after Rio De Janeiro Maru) 44 Fides (after St. Louis Maru) 5 Fuso Maru (after John Bakke) 1/2 Hoegh Elan (after Ibn Albelta) 8/9 Idaho (after Marabau) 33/34 Keng Hoi (0530 after Wah Fal) 29/30 Makhtum Kuli (after Ruth
      421 words
    • Article
      PIA SIGNS CONTRACT FOR 4 AIRBUSES
      119 5 PAKISTAN International Airlines has initialled i contract for the purchase of four Airbus A3oos and has taken option for six more. The contract was initialled in Karachi on Sunday by PlA's managing director, Mr. Enver JamaQ and the Airbus industry senior vice president (Commercial),
      119 words
    • Article
      Feeder jet must make money, says government
      897 5 THE UK government has told British Aerospace bluntly that It has got to make a profit In the venture to develop the short-haul feeder Jet aircraft. While there is no doubt that the programme will boost flagging morale on the civil side of
      897 words
    • Article
      Lock icon French ship builders in tight straits
      311 5 FT. THE disastrous plight of the French shipbuilding Industry was underlined by the announcement that more thap 1.300 workers out of a total labour force of 6,000 In the Mediterranean yards of La Clotat have been laid off because of Insufficient work. The management
      FT.  -  311 words
    • Article
      Lock icon Kawasaki cuts back capacity
      281 5 FT. KAWASAKI Heavy Industries is to cut its shipbuilding capacity and workforce by about 40 per cent in a move which reflects the worldwide shipbuilding slump. It plans to reduce Its 8,500 shipbuilding workforce by 3,500 before April next year, and is to freeze for at
      FT.  -  281 words
    • Article
      Lock icon FLIGHTS DELAYED
      162 5 Reuter. AIRLINE passengers in both France and Spain suffered long delays on Sunday despite the partial ending of a 24-hour work-to-rule by French air controllers. One problem was that while traffic at Marseilles and Nice airports returned to normal, there were still long delays at Bordeaux where the
      Reuter.  -  162 words
    • Article
      Lock icon OLD LUXURY IS BACK
      76 5 AFP. JAPAN Air Lines, In a bid to temper the effects of jet lag. plans to revive the use of sleeping compartments on long hauls. The sleepers, an airtravel luxury that was dropped In the *****, will be brought back for first-class passengers on trans-Paclflc Boeing
      AFP.  -  76 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      743 5 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPF/HKG/KUL PAA PA005 0115 SFO/HKG MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005 HLP
      743 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      205 5 =ANDREA= NEWMAN in Penguins gains the tense momentum of e thriller as Another Bouquet is Andrea Newman's sequel to A Bouquet of Barbed Wire. Prue dead, but Gavin and Maroon cannot tat bar 90. Her presence lingers in the relationships of the people wrfio know her. And the shifting aftermath
      205 words
Page thumbnail Page 6
  • Article
    One grain of kindness costs nothing
    585 6 ANOTHER International food shortage will be hard to absorb. In a world already labouring under harsh economic and political pressures, a food crisis will set back the global economy severely. Everyone recognises that fact, but very few feel enough commitment to the cause and
    585 words
  • Article, Illustration
    Lock icon On your guard — these banking lions can bite
    2517 6  - On your guard these banking lions can bite THE Hongkong and Shanghai Banking Corporation is still recruiting primarily "good fellows, down-to-earth types who play rugger, not for intellectual distinction" and they still cannot marry until they are 25. There are many things about "The Bank" which seem at best quaintly
    NYT  -  2,517 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      292 6 il i w 5 s *rr«'7i7/ > 1 ?s 406/407 Havelock Road, B'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny Bala The New Moonglows, The Green Eyes and Miss Erin Fong
      292 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      125 6 The southwest monsoon has slackened over the whole of South-east Asia and fair weather is prevailing over the region. It is therefore likely that fair weather conditions should persist over Singapore during the next 7-10 days. This may be followed by a period of occasional morning thundery showers. The rainfall
      125 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      277 6 BTJK?aR'MD'IOI SINGAPORE 5 P.M. Opening announcements followed by What's My Line Diary Of Events (English) 0 Afternoon Matinee Four Sons (Pt. 2) Starring: Don Ameche, Alan Curtis, Mary Beth Hughes Science Report Intermission Opening announcements followed by Birdman And The Galaxy Trio* News in Brief 0 Wonders Of The Wild
      277 words
Page thumbnail Page 7
  • Article, Illustration
    STRAWS IN THE WIND
    567 7 THE Rotary movement is picking itself up off the floor, dusting itself off and wondering what exactly hit it aftep Senior Minister of State (Finance) Mr. Goh Chok Tong's recent criticisms of it. The Minister raised the topic again over the weekend, blaming that all-purpose Aunt
    567 words
  • Article, Illustration
    Lock icon Taking advantage of capitalism
    833 7  -  h SUZANNE GREEN UPI FOR DECADES, Hongkong the wheeling, dealing entrepot on the coast of southern China epitomised everything China reviled in capitalism. But today, China's ever-growing economic support for the colony, Is leaving analysts agape. China has come a long wav from its 1960's "permissiveness"
    UPI  -  833 words
  • Article
    Tipping becomes a norm
    912 7  -  FOBPMi .1 r < ...on tourism By OUEK PECK LIM BEING a tourist attraction isn't much fun for a native If It means accepting values that aren't yours, norms that are forced on you and a way of life at odds with the one you've been
    912 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      358 7 m ■M TODAY OKOH Lunch It N v K 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg., Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel: *****2 Beast at today. You 11 frail like royalty at the Rang
      358 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      62 7 weu-,w? TURVNOR I've ropvNßGeo TO OBTfmn P«MOTHeR CCPS Of "CHICK'S oujn ,Tu)o COP»eS OF "CHIPS" TojO COP»CS OF "PiLm FUN" RMD HPVLF ft DOZ£.N BEANOS"... BriStoW: Frank Eh ckenS THFY4K GOO G>OJ£ wes fpur ujoßn me our ujith wis r^equips rnd 00<e5.... mERNUJMiLE. P*N BOOKSHOP FrC RutfV/ »'0 uwc. to
      62 words
Page thumbnail Page 8
  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Market bullish
      604 8 TOKYO Source: DBS-Daiwa THE market continued bullish yesterday, centring on Incentive-backed Issues and stocks with a good business outlook. However, turnover was relatively light and estimated at 220 million shares, as Institutional Investors sat on the sidelines. In the morning session, the market opened firm, centring on blue
      Source: DBS-Daiwa  -  604 words
    • Article
      Lock icon Hongkong
      395 8 Source: SHK Sec nWITH Investors still dlsj Ulusioned over the Interest rate ""rise and local newspapers pointing to the proposed tax on offshore banking profits as a 'hindrance to Hongkong's financial status, prices opened on a dull note and some lumpy selling orders In blue chips caused the markets
      Source: SHK Sec  -  395 words
    • Article
      Manila
      96 8 JULY 17 Pesos Acoje Mining .0105 unch Atlas Con. A Atlas Con. B 20 30 +0.4 BaguloOold .0094 +0.0006 BencuetCon. B BF Goodrich 29 50 +2 18.80 unch CDCP 22.70 -0.1 IncoB Landoll Lepanto B .1950 +0.01 Marlnduque B 8.50 +0.8 Meralco 19.00 +0 6 Oriental A Oriental B
      96 words
    • Article
      Sydney
      262 8 WEAKER mines led a market that closed generally mixed yesterday with uraniums notably lower. JULY 17 Cents INDUSTRIALS A.C.I 167 unch A.N.I 148 +3 A P. M 117 unch Ampol Pet 83 -1 B H P 746 -2 Bank NSW 620 -4 Boral 238 unch Brambles 172 +1 C.
      262 words
    • Article
      Bangkok
      137 8 JULY 17 Bahts Asia Fibre 267 unch Bangkok Bank 379 +3 Bangkok Invest. 350 unch Bangkok-Metro-politan Bank Bata Berll Jucker CarpetIntnl Charoong Thai Wire 285 unch Dumex DusltThanl 328 unch Faber Merlin First Trust Genera Finance Indo-Thal Industrial Finance Corp 247S ♦20 J And J Ho Jalaprathan Cement 291
      137 words
    • Article
      Selected indices
      37 8 H.K. HANG SENG Monday 557.22 Friday 5«7 .38 Week Ago S73 SYDNEY INDUSTRIALS Monday 429 .13 00 Friday 428.79 Week Ago ALL ORDINARIES Monday Friday 1 Week Ago 426 35 1 504.42 504.07 504 42
      37 words
    • Article
      Lock icon British interest on the small firms
      1372 8  -  By JASON CRISP FT. BRITAIN'S far from plentiful band of venture capitalists has somewhat mixed feelings about the recent upsurge in interest In the lot of the small firm. This has of course brought government action which helps many of the companies in which
      FT.  -  1,372 words
    • Article
      Lock icon LOAN SPREAD DOWN
      1349 8 FT FOR OVER a year now, the margin of profit made by banks on their international lending has been under pressure. The average spread on loans to countries has fallen In that period from 1.5 per cent to less than one per cent over the cost of
      FT  -  1,349 words
    • Article
      Lock icon High rates make municipal bonds less profitable
      748 8 NYT A STOCKBROKER in the maximum income-tax bracket paying 50 per cent on earned Income and 70 per cent on unearned Income allowed his commissions to accumulate in a savings bank. This proved unprofitable. The interest on the savings bank deposits 15 per
      NYT  -  748 words
    • Article
      Lock icon Ricoh terms fixed
      107 8 Reuter TOKYO: Ricoh Co Ltd said it signed a contract In Frankfurt to float two mark bonds totalling 100 million marks on the German capital market this month. A 70 million mark, eightyyear, 3.5 per cent convertible bond will be priced at par with payment to be
      Reuter  -  107 words
    • Article
      Lock icon Popular EIB
      53 8 Reuter ZURICH: The 100 million franc. 15-year, 4.25 per cent bond, issue floated here at par by the European Investment Bank was heavily oversubscribed. Credit Suisse said. The issue was not subject to the normal 65 per cent compulsory resident sub- scrlption quota because it was floated by
      Reuter  -  53 words
    • Article
      Lock icon Telecom Aust
      70 8 r BONDS&LOANS L Reuter CANBERRA: The government owned Telephone and Telecommunications Authority, Telecom Australia, opened a loan issue yesterday Intended to raise Asso million. Terms and coupon are: four years 9.3 per cent, seven years 9.45 per cent and 10. 15 and 20 years all 9.575 per cent.
      Reuter  -  70 words
    • Article
      Lock icon Norges coupon
      45 8 Reuter. FRANKFURT: The 100 million mark Eurobond for Norges Kbmmunalbank will be for 12 years at 6 per cent. Bond market sources said the issue has a two-year grace period and pricing is expected around par. Lead manager is Westdeutsche Landesbank Olrozentrale. Reuter.
      Reuter.  -  45 words
    • Article
      Lock icon Euratom issue
      68 8 Reuter ZURICH: The European Atomic Community (Euratom) will float an 80 million franc, 15-year, 4.25 per cent bond issue on the Bwlfci bond market from July 20 to 25. Primary market bankers said the loan, which is being managed by Credit Suisse, will not be subject to the
      Reuter  -  68 words
    • Article
      Lock icon Deutsche Bank
      34 8 Reuter. DEUTSCHE Bank AO said It plans to raise share capital by 80 million marks to 1.04 billion through a one-for-12 rights issue at 200 marks per 50 mark nominal share. Reuter
      Reuter.  -  34 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      163 8 COLLECTINQ Oriental Antiquej by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques 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 expensive for the average collector. This myth is perpetuated by all
      163 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Strong demand boosts IBM confidence
      313 9 f N.AMERICAN 4 Reuter ARMONK, New York: International Business Machines Corp said Incoming orders for data processing equipment for the first two quarters of this year were substantially higher than the strong volume experienced last year. This continuing strength in demand reinforces confidence In the
      Reuter  -  313 words
    • Article
      Lock icon Orient Leasing raises stake
      180 9 Reuter SAN FRANCISCO: US Leading International Inc said Orient Leasing Co Ltd of Japan raised its Interest In the company to 10 per cent from about 4 per cent and has become its largest single shareholder. Orient Leasing plans to Increase its holding to about 15
      Reuter  -  180 words
    • Article
      Lock icon OAKBRIDGE DEAL WITH KYUSHU
      98 9 Reuter. SYDNEY: Oakbrldge Ltd said it will supply 1.8 million tonnes of steaming coal to Kyushu Eelectric Power Co Inc over nine years from 1983. A letter of Intent covering the sale includes an option for a 50 per cent Increase in the tonnage to be
      Reuter.  -  98 words
    • Article
      Toyota revises output target upwards
      495 9 ASIAN b TOKYO: Toyota Motor Co said It revised upwards Its production and sales target this year to 2.91 million cars from, the' original 2.86 million due to an improvement In domestic sales. The adjusted goal reflects an anticipated Increase In domestic sales to 1.48
      495 words
    • Article
      SHK DIRECTOR
      91 9 HONGKONG: Sun Hung Kal Securities Limited (SHK) announced the appointment of Mr. Pierre Moussa as a director of the company effective July 1, 1978 Mr. Moussa Is chairman and president of Compagnie Flnanciere De Paris Et Des Pays-Bas (Parlbas) and is on the board of several other companies
      91 words
    • Article
      Lock icon MITSUBISHI PREDICTS HIGHER SALES
      368 9 Reuter MITSUBISHI Electric Corp said It expects consolidated sales for fiscal 1978 ending next March to rise 7 to 8 per cent from a record 862.29 billion yen last year. Consolidated net profit will also rise slightly from 12.34 billion yen last year, It said without
      Reuter  -  368 words
    • Article
      Lock icon GEC units post first half gains
      323 9 Reuter. AFP. GENERAL Electric Co said continued strength Throughout the company resulted In higher earnings for the second quarter and first six months of this year. The consumer products and services group's second quarter earnings continued to show good gains, Cartlcularly by lighting, ousewares
      Reuter.; AFP.  -  323 words
    • Article
      Lock icon Goodyear testing successful
      180 9 Reuter GOODYEAR TIRE and Rubber Co said experimental radial auto tyres, the first ever made with natural rubber grown In North America, have passed Department of Transportation high-speed and endurance standards in •evaluations by the company. Normally used natural rubber from the Far East, Africa and Latin
      Reuter  -  180 words
    • Article
      Lock icon Debenhams sees hefty rise
      147 9 EUROPEAN Reuter DEBENHAMS LTD expects a good increase in pro- fits in the year ending January, 1979. Chief executive R. C. -Thornton said clothing are up 25 per cent in "value to date this year, with women's wear up 30 per eent. In the year ended
      Reuter  -  147 words
    • Article
      Lock icon Imperial sees higher net
      154 9 Reuter IMPERIAL GROUP Ltd Said It expects fiscal 1978 attributable group profit to be higher than that for the year ended Oct 31. Earlier, the company reported attributable profit of £58.5 million In the halfyear ended April 30 against £52.6 million in the year ago period
      Reuter  -  154 words
    • Article
      Lock icon DISTILLERS UP
      139 9 Reuter. THE DISTILLERS Co. Ltd said pre-tax profit came to £162.5 million (£l3-3.6 million) in the year ended March 31. Turnover came to £876.1 million (£847.2 million). Earnings per share: 21.97p (17.44) Dividend: 4.5642p, making equivalent 10.*****p (9.*****p). Company intends, in the light of future dividend control policy,
      Reuter.  -  139 words
    • Article
      Texaco warns
      120 9 TEXACO- Inc. cautioned that it Is much too early to draw any definite conclusions from the petroleum indications data obtained from its well drilled under the Baltimore canyon off the coast of New Jersey. The petroleum Indications were the first obtained in this area after Mobil and Shell
      120 words
    • Article
      Lock icon Leyland recalls Allegros
      83 9 Reuter STATE CONTROLLED British Leyland advised owners of 140,000 Austin Allegro cars to have their rear hub assembly checked, the British Domestic News Agency Press Association said. The company said Allegros made after late 1974 already have the modification fitted. The recall follows criticism of the company
      Reuter  -  83 words
    • Article
      Lock icon BNOC option
      95 9 Reuter LONDON: The Stateowned British National Oil Corp (BNOC) will own or have the option to buv a total of about 25 million tonnes of oil in the 1980s. This represents about 30 per cent of anticipated UK Continental Shelf output In the decade and does not include
      Reuter  -  95 words
    • Article
      Lock icon Five more options?
      62 9 Reuter THE INTRODUCTION of a further five options classes is under consideration by the London traded options market committee. Chairman vet«r Stevens declined to say on what stocks these classes would be based, but stock broking sources said five possible contenders are Rank Organisation, Beecham Group Ltd,
      Reuter  -  62 words
    • Article
      Lock icon China Light
      36 9 Reuter. HONGKONG: China Light and Power Co. Ltd will pay a third Interim dividend of 23 cents (20), making total so far 69 cents (60) for year ending Sept 30. Books close Aug 12.
      Reuter.  -  36 words
    • Article
      Lock icon Bundaberg down
      113 9 Reuter BRISBANE: Audited consolidated operating profit at Bundaberg Sugar Co Ltd came to A 55.98 million, for the year ended April 30. Revenue was $93.28 million ($108.49 million). Profit is after tax at $4.19 million ($7.29 million), depreciation $2.93 million), ($2.32 million) and Interest $1.60 million ($2.01 million)
      Reuter  -  113 words
    • Article
      Wheelock plunges into the red
      161 9 SYDNEY: Wheelock Marden Investments (Australia) Ltd said It made an unaudited consolidated loss of A 5876.800 in the year ended March 31 against a $95,700 after-tax profit in the pevious year. This was the only figure given in the company's brief statement. It said It
      161 words
    • Article
      C. Itoh
      44 9 TOKYO: C.ltoh and Co Ltd said a Los Angeles-based textile company. General Knit of California, In which it has an 85 per cent stake, will close Its factory In September following a business slump. The US company was established five years ago.
      44 words
    • Article
      Lock icon Sumitomo payout
      97 9 Reuter TOKYO: President Yoshlfuml Kumagal of Sumitomo Metal Industries Ltd said his company is considering a plan to Increase its dividend for the current business year ending next March from three yen per share the preceding year. Mr. Kumagai did not disclose a specific figure, but said the
      Reuter  -  97 words
    • Article
      Lock icon Ansett sets 6m shares aside
      152 9 Reuter MELBOURNE: Ansett Transport Industries Ltd said It allotted 5.99 million 50-cent par shares to acquire the Issued capital of Avis Rent-A-Car System Pty Ltd National Rent-A-Car from the holding companies for the family of the late founder of Avis in Australia. Avis has 269,000
      Reuter  -  152 words
    • Article
      Lock icon Mitsui order
      45 9 Reuter TOKYO: Mitsui and Co Ltd said It has obtained a US$33 million order from Iron and Steel Co of TrlnldadTobago (Iscott) for electric furances, mill motors and continuous casting systems, to be used at Iscott's steel making plant now being built there
      Reuter  -  45 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      226 9 ingapore's business world at your fingertips... i, ■BScs. V :>C *rr i* V- *«•<*> V V. 9s ?> %r $0, o Po OA 7 <9 $36 £> s 3 >n 0> 5 V 3n S/, Or °>'s The Straits Times Directory of Singapore 1978 more popularly known as the'Buku Merah',
      226 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1448 10 BID and offer prices officially lifted and business in and reported to Use Stock Exchange of Singapore yesterday with Um number of iharee traded shown tn bracket* In lots of 1,000 unite unless otherwlee specified Alt Time Settlement Contract! are quoted after the word "eett Big Board deal
      1,448 words
    • Article
      Government bonds
      64 10 4 3/4* 15/9/80 (250.000) (100.358 100.458) 5% T F 15/4/81 (250.000) (100 558 100.655) 5 3/4% T F 15/1/81-84 250.000) (100.60S) 7 1/4% IS/4/86 (250.000) (100 80B) 7 1/4% IS/10/86 (250,000) (100.75B) 7 1/4% l/f/87 (250.000) (100.79B) 1/4% T P M/4/V1 (290.000) (100.006) 1/4* T P li/lt/U (290,000)
      64 words
    • Article
      Stock options
      105 10 STRIKING prices of the stock options officially listed on the Btock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. CoW Storage (Sept 81.70) (0.598 0.738). C and C (Sept 82 20) (2.658). F and
      105 words
  • Article
    SHARE INFORMATION SERVICE
    2391 10 1978 Hifk Low Company Last Sale +arO'l DW Div Crr Gr's Y'ld Net P/E Vol Day ('000) High Low SECTION ONE r%- INDUSTRIALS 230 ieo 300 «3 270 208 21®* 478 132 123* 112 133 195* 00 V, 102 173* 140* 250 Ac ma Alcom Allied Choc
    2,391 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TRUST INCOME BOND UNIT i Miufpri prion for July It) (Qunal rieoa) The Commerce 208 221 INCOME BONO 1.07 1.12 The Saving Fund 1.32 1.40 S pore Prof Fund S pore Security Fund 1.08 1.00 1.92 2.04 MARA BUMIFUTRA FUND (Maaagws' pries* for Mr It) 8'pore
    147 words
  • Article
    In Kuala Lumpur
    1558 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 Acma (2.178). Altom <2.408). A Chaa (1 608). AMD (0 #08).
    1,558 words
  • Article, Illustration
    Share prices close mixed
    837 10 A COMBINATION of profit-taking, heavy scrip delivery aad uncertainty ever how far down the technical correction of the market will go, made for t mixed closing on the Stock Exchange or Singapore yeeterthe afternoon helped by some short coyer recouped losses of the previous week and
    837 words
  • Article
    Kuala Lumpur slightly easier
    592 10 MODERATE afternoon support lifted prices off the day's lowest at the Kuala Lumpur stock market yesterday. The closing, however. was still slightly easier. Prices opened marginally lower In an extension of the week finishing last Friday. A combination of profit-taking and some forced selling by weak
    592 words
  • Article
    SES queries SPPL
    103 10 THE Stock Exchange of Singapore has asked Singapore Paper Products for more information about Its recent subscription of shares in Data Printers. The Exchange wants the basis upon which the share exchange of 400,000 SPPL shares of $1 each at par for 400.000 Data shares of $1
    103 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article, Illustration
      Public Bank gets a needed lift
      500 11  -  By STEVEN TAN PUBLIC Bank's earnings for the year ended December last rose marginally, thanks to the brighter performance of subsidiary Public Finance. Group net profit after tax, diminution in value of assets, contingencies and allocations to Inner reserves, rose 6.5 per cent to
      500 words
    • Article
      COMPANY MEETINGS
      90 11 Wilkinson Process Rubber Co. Bbd: AQM to be held at 70, Jalan Ampang, Kuala Lumpur at 2.30p.m. on July *8Metal Box Singapore Ltd: AQM to be held at MacDonald House, 3rd Floor, Orchard Road, Singapore at 10.30a.m. on July 18. Bukit Sembawang Estates Ltd: AQM to be held
      90 words
    • Article, Illustration
      Setback pulls profits down at Lien Hoe Industries
      856 11 THE past year has turned out to be very disappointing for building and construction materials company Lien Hoe Industries. After the recovery in 1978, It fell back upon hard times in the latest financial year ended Dec. 31, 1977. A severe setback
      856 words
    • Article
      Anika in joint venture with S'pore partner
      269 11 ONE of Malaysia's leading insurance brokers and consultants. Anika (Insurance) Sdn Bhd, has formed a Joint venture with a Singapore partner, Mrs. K.E. Gan. The Joint venture, AQikaConsultants Pte Ltd, launched recently by Tengku Arif Bendhara, hopes to concentrate its activities only in
      269 words
    • Article, Illustration
      Share offer by Gold Coin
      708 11  -  By DAVID CHOW GOLD Coin Singapore's offer of 4.5 million shares In Gold Coin (Malaysia) comes hard on tne heels of the East Asiatic Company (M)'s Bbllc issue which closed t week in Malaysia. This is the second such offer In Malaysia and Gold Coin's
      708 words
    • Article
      DIVIDENDS ANNOUNCED
      320 11 Current Ex Date Books closo Date payable Total for the year Total for previous year Sia Chew Town* City C. Properties M. Containers Lira Hoc Bukit Sembawan* Johan Tin Aokam Tongkar Harbour Oriental HM«a. Public Bank Goorfe Town Kg Laniut SungoiBesi Kr amat Tin Dredg. M. Flour Koala
      320 words
    • Article
      SCRIP ISSUES
      153 11 Coapaay Particulars Ex Date Books Close Oriental HoMiaft Bonus Issue of 1 for 2 Jul 7 Jul 19 Wllkiaeea Bonus Issue of 1 for 4 Jul 7 Jul 10 M. Floor Bonus Issue of 1 for 3 Jul 11 Jul 21 Pefi Malaysia Bonus Issue of 1 for
      153 words
    • Article
      PAPER PRODUCTS (M)
      39 11 PAPER Product* (Malaysia) has informed the Kuala Lumpur Stock Exchange that the delay in finalising the accounts for the year ended Dec, 1977 was due to the associate company's account being slow for equity accounting purpose.
      39 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      522 11 FROM tilt* iflMsAifjfle ADUBMShi 7 Politics and Government in Malaysia P o os anc Government in Malaysia is concerned with the substantial political /changes that took place in Malaysia after Independence in 1957 and especially /i during the 9(1 ten years. Among these are the May 1969 racial riots and
      522 words
Page thumbnail Page 12
  • Article
    Commerce sector is top employer
    706 12  -  MANUFACTURING CLOSE BEHIND By RONNIE LIM THE COMMERCE sector saw the largest growth In employment In Singapore. In the June 1976 to June 1977 period, It Increased Its workforce by 11,700 persons, representing 34.9 per cent of the total growth. In the manufacturing sector employment
    706 words
  • Article
    RATED THE FASTEST
    280 12 THE GROWTH rate of Singapore's oil refining capacity between 1972 and 1977 was the world's fastest. Average annual growth of the nation's oil refining capacity during this period was 13.6 per cent, according to the BP review of the world oil industry for 1977. This puts Singapore
    280 words
  • Article
    Asian ties test
    332 12 JAPANESE economic relations with "developing Asia" will be a major challenge for Tokyo's policy-makers In years to come, the British newspaper, Financial Times said yesterday In a survey on prospects for Japan up to 1985. Mr. Charles Smith, an editor with the paper, said that a total
    332 words
  • Article
    Lock icon Sharp drop in Thai rice sales predicted
    331 12 Reuter, AFP. THAILAND'S rice exports this year are expected to fall to 1.5 million tonnes, 48 per cent below last year's record 2.9 million tonnes. The US Agriculture Department's Foreign Agriculture magazine said corn exports may rise to 1.6 million tonnes in 1978,
    Reuter,; AFP.  -  331 words
  • Article
    Choudhury — why I sold Ben shares
    765 12 Choudhury why I sold Ben shares OOPAL Chandra Kar Choudhury, former chairman of Ben and Company, told a district court yesterday that he sold 360,000 of his Ben shares to settle his debts with the Bank of America. Denying that the sales were made because of Ben's financial crisis as
    765 words
  • Article
    Opec oil experts silent
    137 12 A THREE-DAY Opec committee meeting ended yesterday with no official statement and no Indication of whether it had recommended retaining the US dollar to buy and sell oil. The 30-member "Committee of Experts of the Fluctuation of Exchange Rates" was never expected to make decisions, only
    137 words
  • Article
    Leap in China, US trade this year
    247 12 TRADE between China and the US is expected to increase by 87 per cent this year, from US$374 million (SSB6O million) last year to S7OO million. Eastwest Markets, a publication of the Chase World Information Corporation, reported that wheat, cotton and soybean purchases
    247 words
  • Article
    USING HK ASA LAUNCHING POINT
    117 12 EUROPE'S leading builder of shallow-draught vessels Is considering using Hongkong as Its regional headquarters for the sale of expertise to China and South-east Asia. A director of Austrian Shipbuilding, Mr. Alois Hager, said in Hongkong, "Our company has a special kind of expertise that we
    117 words
  • Article
    Lock icon Slide in food output gives rise to alarm
    805 12 NYT. PER-CAPITA food production In most developing countries declined in, 1977, according to the World Food Council, the United Nations agency monitoring the global food situation. The decline continues a trend of eroding agricultural productivity that has continued for several years and
    NYT.  -  805 words
  • Article
    LONDON STOCKS
    774 12 LONDON, Mon. Prices advanced in thin trading ahead of June sterling money supply figures due later this week, dealers said. Oovernment stocks closed with gains of up to 1/2 point while leading Industrials rose. At 3.00 pm, the Financial Times Index was up 2.7 at 477.1. Mining shares
    774 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      421 12 Habib Bank Limited CONDENSED BALANCE SHEET AS AT 31ST DECEMBER 1977 ATil LIABILITIES 1977 RUPEES 1976 RUPEES ASSETS 1977 RUPEES 1976 RUPEES Authorised Capitol Paid-up Capital Reserve Funds and Surplus Deposits and other Accounts Bills Payable ond other Accounts Borrowing from Bonks Acceptances and Contra Items 180.000.000 180.000.000 95,000,000 289.283.458
      421 words
    • Advertisement
      Page 12 Advertisements Column 2
      3 12 Leader Page 6
      3 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    4198 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The followlnc tabulates, by port of deetlnatton the name of the ship, the snipping Une Involved, and the estimated dates of arrival and departure from Singapore port, f r tmirrllliM ScuOateh has a jalat aer▼lce
    4,198 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      478 13 MAERSK LINE Weekly Express Containerised Service To/From U.S.A. f or further details (all Singapore. *****46 Kuala Lumpur: ***** Port Hetang: *****0 Peaang ***** 1 SHIPPING I EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE also accepting cargo for GENOA. LATTAKIA. BEIRUT. ALEIANORIA. BENGHAZI. TRIPOLI
      478 words
    • Advertisement
      Page 13 Advertisements Column 2
      551 13 LIA N SOON SHIPPING TRADING CO (PTE) LTD 4 .'lO9 SMiN'O* .*****1 <*i I.UfS. HOUSf SHf NION AA S PQBf .vom.'o .'.'cibei ?;o< 's et* fro Indonesia mhcb 'U.V. "CHERRY JAVA" la toft tfrMl MUKWM. SAMAJUNDA *M.V. "SELAMAT DATANC" I* Port IR-7-7I MKMTt M.V. "CHERRY MAWS" UJUNC PMIOMG M.V. "CHERRY
      551 words
    • Advertisement
      Page 13 Advertisements Column 3
      250 13 NOTICES m.v. "VISHVA SANDESH" VOY: 27 arrived 13th July, 1978, at P.S.A. Godown No. 46. General Survey of damaged cargo ex the above vessel will be held on Thursday 20th July, 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agents:R. JUMABHOY
      250 words
    • Advertisement
      Page 13 Advertisements Column 4
      0 13 ~(:!`)-&*.~=),^<]!:)_|,()%@^-).
      0 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      577 14 SHIPPING FULLY CONTAINERISED TO EUROPE lUsttga Mary 18/7 ■>■• 8 B T«»B«y 22/7 24/7 12/1 14/8 h* 29/7 30/7 19/8 21/9 OtytfUMtart* 7/8 8/8 27/8 29/8 Tkama H«ni 14/8 16/8 2/» 4/9 Ouki B*y 19/9 21/9 10/9 12/9 EXPRESS CONVENTIONAL TO EUROPfc Sport P.WHI P~ Mtao imm H'Wr Bunttmtf" 16
      577 words
    • Advertisement
      Page 14 Advertisements Column 2
      804 14 SANKYO LINE) AUSTRALIA SERVICE P. Miatf »im>pwi iMdinf far DIAMOND STAR ...20/22 July 23/24 July FREM, ADEL. Mfl, SYO. YUEMAN 27/2*Jul* */31Jy»r OWN, BRIS. SYO. MEL. MAYCARP 12/J4Aug 10/11 Aug BMS, STO, MEL. BANGLADESH SERVICE HAY CARP 25/» MILT 23/24 JULY CHITTACON6, CHALNA GENERAL AGENTS CONTAINER BOOKING 10A0 AGENTS P
      804 words
    • Advertisement
      Page 14 Advertisements Column 3
      538 14 EAST SERVICE 2 i Custom* Sertyce Bookin ?22b2?2 Terminal ?S7' j3 ?*****7 FULLY CONTAINERISED SERVICE Go one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS AMAX AM AX MARINER COLUMBIALAND MARINER Y'HAMA Sailed 26/7 25/1 KOBE Sailed 28/7 27/1 KAOSHIUNG sailed 1/1 31/S SINGAPORE Sailed 5/1
      538 words
    • Advertisement
      Page 14 Advertisements Column 4
      991 14 Everett Tiiiesl "j Wma Burmi Fiva Star SkipfMf Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON HTONEYWA 30 JULY 6 F.S.S.C Agents in Malaysia TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/ ***** Com Argentina Do Transport acton Maritima Mexican a S. A "MEXICAN NATIONAL LINE" FU EAST/MEXICO 1
      991 words
    • Advertisement
      Page 14 Advertisements Column 5
      381 14 «R» I R I I M A 11 Orient Overseas Co*iid*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Ml vessels call Bremerha»«n after Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) MMa«t S port H Kong Kaotisiung Osaka Tokyo I M KWWumIMNCK IK Sa'W P««-j «/J 23/1 26/7 28/7
      381 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1391 15 QCL Overseas Containers Limited cMTJumaif $avtc£ n m/csntikkT: Hburf Spare P. Kelaaf O'nurk •'(> II M Hal I*« TMTB MT a M M M 11 Aa| 14 Aaf Hlttlil a lal a Ml It Aaf 71 Aat CITY Bf (lINtUKN T Aat I Aaf a Aaf a Aaf TUMI MM!
      1,391 words
    • Advertisement
      Page 15 Advertisements Column 2
      1032 15 Ben Ocean Ajcatscrnxaf Ben LdacßkieFirrieiOipn Late mtINSUO rt gi twum iw \mi> POO7ESILAIIS 10/21 Aaf S Sift itiioti AmM.ioam. MM oehmhop 212s sapt i» Oct Kuan. tMrw. Hull OENCRUACHAH 20>22 Oct II No leuaes Oilbao taiiww Hud riMt n cMTi«n nr* saau Sail^ tu-oo« Ptnjnf P K«i»«f Singaon.i n>> OEHCOUACHAN
      1,032 words
    • Advertisement
      Page 15 Advertisements Column 3
      931 15 UlW'i Mr sin s*■ i~a«.m U,, II in TMTi BAT gM. H h|i 11 An "An IS An HAn IB An 3 MMI l» »M HAn 11 An<* 3•> An I*, .Si **2 »;»<« THAMES MA 111 14 Am II A« 1 4 Stpt 1 SOfl I It|l 1 *o|t
      931 words
    • Advertisement
      Page 15 Advertisements Column 4
      979 15 Scan Dutch V EXPRESS corn WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA IttOt' 'mm t ttitftl eleanma a/ i mm mist l g«n U 2 lOjni X HOurf 4) «kr| M/ II 11/ I U' I 11/ I "■■int S pore M 1 Sail** a i I •/I 4/1 11/ I 10/
      979 words
    • Advertisement
      Page 15 Advertisements Column 5
      283 15 GUTHRIE BOUSTEAD AG/ncils THE BANK LINE LTD. LOABS FNLtS AFIICA TAYBANR (Maantw. Reunion. iannOir. Durtan LU 'f Capetown) P Kalani lal !W1 11/1 A M ma (Mi i sam tmu rot umm. hmu BOVEMM Penanf P Mlarj S port l> J N □PRESS SUV ICE lIIECT FtOM SINCAPtRE TB NEW
      283 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      948 16 I K LINE KAWASAKI KISEN KAISHA. ITD (VIA SVC2) ky C«tMr V TO lUIOPI S'oore P. Kelang L.Havte H'burg Bremen R'dam A'm neptnne run tiw aMr 21 Mr J** 11 *n 'J CHEVALIER ROZE M 2T My 21 My 1« Aag 11 Aag II Aag 21 Aag 721 IT KONG
      948 words
    • Advertisement
      Page 16 Advertisements Column 2
      1069 16 E.C.-U.S.A./ATLAHTIC/6ULF SERVICE utcnwc ra/ut CMiims mi ink r uum. hum Laadiag Mr: NORFOLR. N(« TOM. milMMf. NEW HliiH NOUSTDM Singapore P. K» l«| BfIMV PruxK "A VESSEL'* E. C. I GREAT LAKES SERVICE I iaa*ag Mr noofou. Hf ran, hhthu. tnnwto. mntaokla. •morT. encam n»nang Btiwn p Keiang S<neacor Jl.
      1,069 words
    • Advertisement
      Page 16 Advertisements Column 3
      1080 16 ■NOL NEPTUNE ORIENT UNES LTD 'FULLY CONTAINERISED SERVICES: TO ERMPE oru SHf neptme peaxd n My CMt*All El tOZI 27 My I.OHCRIM CONTAINER S km NERCATOR 11 lag k* ORIENTAL CHIEF II An SEVEN SEAS MIKE 24 An tR. nUi S pars Cits.* Twi 'All atssato call U I II
      1,080 words
    • Advertisement
      Page 16 Advertisements Column 4
      590 16 ra/f/i MALAYSIAN INTERNATIONAL SHIPPING CORPORATKmI&iHAD express fully containerised service TO/FROM MED/UK/CONTINENT/SCANOINAVIA EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT uri M/n tut, MELBI 14/11 14 k IMUTI l/HUtt 11/11 Sep* Mburj Co.ff LOOn Roam. Bremen Lpool iTtajoac ta/ias*pt 11/14 tap* unseat Blow ce>«. Uooi Ht.i| *d»n>. Awerp, Le Havre l«OK 1 >«/<• Oct
      590 words
    • Advertisement
      Page 16 Advertisements Column 5
      755 16 INTRASEA (PTE) LTD f Hon RECVLAR INKPCNMNT SEMI/FNU CONTAINER SERVICE Tl El S'OOTI P. <UIM( IMI2 (Cntr tk«) 1 Aaf SEA (UABBIAN W11) ji* 21 Illy M'tu'f *cc«ti«t Ttraai* IU tar ut tnMlw AfWtS: SaWM INTRASEA (rri) LTi -nutu-tMKt 'Mir ret snippim a tbibini ibboii m M's»illes S ten IU
      755 words