The Business Times, 20 July 1978
1978-07-20
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The Business Times
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Title Section11 1978-07-20 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, JULY 20, 1978 50 CENTS11 words
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BRIEFLY...
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Article99 1978-07-20 1 KUALA LUMPUR, Wed. The World Bank has agreed to provide Malaysia a MJ40.8 million loan for a second population and family health project costing $90.48 million. The government will provide the balance. The bank said today that Malaysia has had encouraging success in checking population growth.99 words
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Article93 1978-07-20 1 Eat more rice AFP TOKYO, Wed. The Japanese people are eating less and less rice, which is causing Japan some problems. Not only has rice consumption gone down in urban families but even agricultural workers are eating less. As a result Japan now had 5.3 million tonnes of unsold rice,AFP - 93 words
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Article55 1978-07-20 1 TOKYO, Wed. The Asean nations today called on Japanese enterprises, which operate in the region, to employ more local people, sources in the Federation of Economic Organisations of Japan (Keidanren) said. The ambassadors to Japan from Indonesia, Malaysia, the Philippines, Singapore and Thailand, made the request in55 words
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Article117 1978-07-20 1 AFP ec The Economic Planning Agency said today Japan's general business activity continued to expand in May, citing the agency's diffusion index. This official business indicator was at 68 per cent, well above the boom-bust line of 50 per cent, registering good showings for nine consecutive months. (TheAFP - 117 words
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Article69 1978-07-20 1 UPI NEW DELHI, Wed. India plans to export half a million tonnes of sugar this year. Food Minister Surjit Singh Barnala told Parliament that India had a record production of 65 million tonnes this year, nearly 19 million tonnes more than last year He said over 60UPI - 69 words
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Article61 1978-07-20 1 Reuter FRANKFURT, Wed. The World Bank plans to float a two-tranche Eurobond totalling 400 million marks (Ss4so million), the first mark Eurobond in its business year to end-June 1979, primary market sources said. The first tranche is for 10 years with a 6 per cent coupon, theReuter - 61 words
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Article54 1978-07-20 1 UPI NEW YORK, Wed. Airlines paced stocks higher early today in active trading. Investors were impressed with some stronger-than-expected second-quarter earnings reports. The Dow Jones Industrial average was ahead 5.20 points to 834.19 at 1500 GMT. Of the 1,409 issues crossing the tape, 583 advanced, 332 declined andUPI - 54 words
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Chief Price Changes
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Article141 1978-07-20 1 Rises Cons plant Wrta 410 +22 Rothman* 446 14 BAT 185 13 D K era mat 930 +10 A Enterprises 340 10 Gen tings 308 +6 Int Wood 180 +0 Carlsberg 520 +5 Nat Iron 490 +4 Dunlop Est 436 +4 Shangri-La 380 +4 U M Flour141 words
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Article, Illustration160 1978-07-20 1 Rises Shangri-La 3.82 .88 Rothmans 4.52 .12 B.A. Tobacco 1.85 .10 Renong 3.50 .10 Carlsberg 5.35 .10 Hong Leong 3.04 .07 Austral Ent 3.50 +.08 Falls Berjuntal 8.75 -.20 Stme Darby 3.18 -.10 O.C.B.C. 9.25 -.10 Magnum Corp 3.84 -.08 Oriental 4.22 -.08 Supreme Corp 2.08 -.07160 words
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Article891 1978-07-20 1 RONNIE LIM - SUMITOMO SEEKS HOME SUPPORT By RONNIE LIM JAPAN'S Sumitomo Chemical Company, the prime mover behind the $2 billion Sumitomo petrochemical project here, is now negotiating with companies In Japan to undertake some of the downstream plants of the complex. The move, said Industry sources, reflects disappointment891 words
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Article228 1978-07-20 1 Reuter THE US dollar weakened on International foreign exchange markets yesterday, despite the approval of the first part of President Carter's energy bill by the Senate on Tuesday. Tokyo's announcement of a huge Increase In June's trade and current account surpluses helped to drag down the dollarReuter - 228 words
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629 1978-07-20 1 WANG LOOK KEAH - By WANG LOOK KEAH SINGAPORE'S timber trade Is expected to recover this year, after having languished in the doldrums over the past few years, but It still faces many problems. There are signs that the Republic's traditional buyers have Just about exhausted the629 words
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Article150 1978-07-20 1 Reuter INDONESIA'S AttorneyGeneral yesterday retracted his announcement two days ago that the former chief of the Pertamlna state oil company, LleutenantGeneral Ibnu Sutowo, had been cleared of all suspicion of irregularities in the signing of overpriced charters for ocean-going tankers. Attorney-General All said Sutowo hadReuter - 150 words
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247 1978-07-20 1 INTERNATIONAL Bank of Singapore (IBS) if to open a full-banking branch in Taipeh, its second overseas. The branch, expected to be operational by October, will be headed by Mr C.H.Hsu, a bank spokesman said last night. Its first full-banking branch was set247 words
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452 1978-07-20 1 SINGAPORE AIRLINES will benefit from a sellers market because of a building backlog in the US of Boeing aircraft. As SIA replaces its existing fleet of seven *****, they will be eagerly snapped up by buyers of secondhand aircraft. At the official opening452 words
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Article74 1978-07-20 1 AFP THE FOURTH meeting of the Asean Banking Council will be held in Kuala Lumpur on Saturday. Sixty-four senior bank officials from the five Asean countries will attend the meeting. The meeting will discuss maintenance of agricultural and agro-based Industries, trade, investment and finance. TheAFP - 74 words
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Page 1 Advertisements
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Advertisement37 1978-07-20 1 Samsonite creates OMEGA From the sieek new lines of the exterior, to the high-performance interior functional design becomes a fine art in Omega See Omega, and you II want to own it ©Samsonite > h Eastern Agencies .f37 words
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Advertisement91 1978-07-20 1 SHIPPING TIMES PEOPLE ilk business 2 WHAT*a amiaa with the advertising code 2 SINGAPORE Nautical Institute i» a beacon to our seafarers 5 THE working women: Debunking the misconceptions 6 FORUM on labour with Ilsa Sharp 7 WAGE gaps between men women GREAT Eastern assured of great times ahead invests91 words
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Advertisement80 1978-07-20 1 :`?`:<;)-'(~(^,|/~`$?,=)~=`"^${ If you think itb impossible to have a tape that always has the right frequency; a head eleaner; jam-free device a wider felt pad... maxell. will change your mind With maxell tapes you can have all these problems solved plus the new epitaxial magnetic particle which can really give80 words
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TRADE AND INDUSTRY
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Article, Illustration129 1978-07-20 2 BERNDTSON International, a management consultant firm specialising in the search for executive, is studying the possibility of extending Its activities to Hongkong In conjunction with Its local partner, Pacific Management Resources. Berndtson, with Its headquarters in Brussels, opened an office In Singapore last year to129 words
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Article128 1978-07-20 2 AP CHINA, Thailand and Australia, Hongkong's main rice suppliers, have reduced their rice prices. The Hongkong Rice Importers and Exporters Association said on Wednesday that China has reduced the price of "see mul" rice, the most popular rice in Hongkong, from HKSI4S (5572.50) to $138AP - 128 words
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Article361 1978-07-20 2 A NEW element will be introduced In the Fourth Malaysia Plan: the Impact of development on the environment. An ad-hoc Environmental Impact Assessment Panel has been set up by the Malaysian government to get public and private sector organisations to Incorporate environmental policy In their361 words
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Article298 1978-07-20 2 Reuter GENERAL Motors Holden said it was reconciled to gradual reduction In tariff {>rotectlon of the Australan motor Industry. Managing director C.S. Chapman said, "We know of the need for structural change In the Industry we expect It," he said. "We expect that, over the longerReuter - 298 words
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Article185 1978-07-20 2 TWENTY-SIX Australian companies In the automotive and car accessories field will be either sending representatives or be represented by local agents at a trade exhibition to be held In Singapore In September. Announcing this yesterday, Mr John Hemphill, Australian Trade Commissioner In Singapore, said that the185 words
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Article88 1978-07-20 2 Reuter THIRTEEN foreign which do not yet hove office* in Indie ore intereeted in opening Indian bronchos, Finance Minister H.M. Petal told Perliement. He soid on other seven elreedy operating in Indie wont to open more bronchos. Of the 13 which wont to start busineesReuter - 88 words
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Article89 1978-07-20 2 Reuter TAIWAN plans to buy one million tonnes of grain when a third purchasing mission visits the United States towards the end of September. Oram traders said the purchase would Include maize, soybeans and wheat. Meanwhile, the second purchasing mission, which is completing its USReuter - 89 words
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Article84 1978-07-20 2 AFP THAILAND'S Board of Investment has awarded promotional privileges to 22 companies In the first half of this year, representing a total Investment of 945 million baht (about SI 110 million). The board gave approval for projects such as animal feed production, hotels, warehouses,AFP - 84 words
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Article, Illustration261 1978-07-20 2 MR. M.J. Dowdy will join Slme Darby Holdings Ltd In Kuala Lumpur from Oct 1 as finance director (designate) and the board proposes to appoint him a director of Slme Holdings In due course. Mr. Dowdy, age 43, Is a fellow of the Institute of Chartered Accountants261 words
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248 1978-07-20 2 A MALAYSIAN palm oil refining company, Palmex, recently exported some 9.500 tonnes of refined bleached and deodorised palm oil worth almost MS 12 million to the Soviet Union. The sales were made in two batches the first in May consisting of 5,000 tonnes and the248 words
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Article60 1978-07-20 2 AP THAILAND will send trade missions to both North and South Korea later this year to promote trade relations after receiving separate invitations from the two countries, Deputy Commerce Minister Prok Amranand said yesterday. Mr. Prok said the missions will be led by Commerce Minister NamAP - 60 words
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429 1978-07-20 2 Reuter FIRST tentative forecasts show world's soybean supplies In 1978-79 to be a record 91.5 million tonnes, up from the previous record set this season by 8 per cent or 7 million tonnes. The Hamburg-based weekly publication Oil World said world soyabean production In 1978-79Reuter - 429 words
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Article280 1978-07-20 2 SINGAPORE'S Code of Advertising, while necessary, is so vaguely structured that Its Interpretation can lead to ambiguity. This was the view of Mr Edward Baer, a consultant on international research al the Interfalth Centre on Corporate Responsibility. Speaking on "Advertising in the public interest" at a280 words
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334 1978-07-20 2 MALAYSIAN Airline System will decide by September what new aircraft It will buy to modernise its fleet. The carrier is evaluating two types of aircraft to replace Its Fokker F27s Fokker F2B-4000 series and the Boeing 737. The Boeing 737 being used on334 words
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Article125 1978-07-20 2 UPI SOUTH Korea may start building its first tidal power generation plant next year if all goes well. Officials at the EnergyResources Ministry said a second-stage feasibility study of the project is under way to be completed by the end of the year. The ministry and theUPI - 125 words
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Article366 1978-07-20 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 Aug 7-8: Costing financial analysis for marketing managers; Hilton, Price Waterhouse Aug 10: Performance management, Hilton, Consulasla Aug 11: How to Improve training payoff, Hilton, Consulasla366 words
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Page 2 Advertisements
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Advertisement172 1978-07-20 2 AUSTRALIA and SOUTH WEST PACIFIC PAPUA NEW GUINEA F,J|^ NEW ZEALAND > At Bank of New South Wales we really know this area...we should... we've been here for 160 years and are the largest commercial, finance, investment and banking complex in the region. So if you need advice, guidance or172 words
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Page 2 Miscellaneous
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Miscellaneous652 1978-07-20 2 LI IJ CRYPTIC PUZZLE ACROSS 3 A dropped stick? (5) 8 A grim fighter? (5) 10 Tuneful old man? (5) 11 A sucker for work? (3) 12 Appeal for soft metal (5) 13 Engage in a throwing contest! (7) 15 Frighten animals out of trees, initially (5) 18 Oreat Eastern652 words
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OVERSEAS
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Article, Illustration1181 1978-07-20 3 Bonn's summit contribution worth 14.5b Reuter GERMANY'S contribution to the Bonn summit agreement will entail growth measures totalling up to 13 billion marks (5114.5 billion), but nothing has been decided yet on the details, said Finance Minister Hans Matthoefer. The 13 billion marks represents about one per cent of GermanReuter - 1,181 words
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Article939 1978-07-20 3 AFP Reuter WORLD crude oil production will reach a peak at some time during the next 20 years before going into a steady decline. Sir David Steel, chairman of British Petroleum (BP), said In London that a number of recent reports and commentaries hadAFP; Reuter - 939 words
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Article106 1978-07-20 3 Reuter THE Hongkong dollar has depreciated by about 12 per cent since the end of 1976 In terms of the effective exchange rate Index against the currencies of Its 15 principal trading partners. The acting Financial Secretary, David Jordan, yesterday told the Legislative Council that the depreciation hadReuter - 106 words
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WORLD IN BRIEF
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Article520 1978-07-20 3 THE UK Government is expected to decide today what pay rise levels should be in the coming year. The decision will be announced In a white paper expected tomorrow or Monday. Trade union leaders met Prime Minister James Callaghan and senior colleagues at Downing Street on520 words
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Article159 1978-07-20 3 Reuter THE US Treasury said It sold 300,000 ounces of gold at an average price of U*****.16 an ounce at Tuesday's auction. It said it accepted bids ranging from $185.05 to $189 an ounce from nine successful bidders. The sale, the third in a series, realisedReuter - 159 words
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301 1978-07-20 3 NYT A US House committee dealt President Carter and his antl-inflation fight a major defeat by dismantling the administration's proposal to restrict rapidly rising hospital costs. The Interstate and foreign commerce committee amended the administration bill and removed a provision for mandatory controls on hospitalNYT - 301 words
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232 1978-07-20 3 Reuter WEST German foreign exchange dealer* said the outcome of the •even-nation economic summit in Bonn will he slightly disappointing and expect the 'US dollar to weaken against the mark. The US currency was fixed at 2.0651 marks on Tuesday against an early 2.0630/40Reuter - 232 words
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Article39 1978-07-20 3 US construction contracts awarded in 1978 are expected to increase about 6 per cent to U*****.7 billion (Ss34o billion) from $139.2 billion in 1977. according to the F.W. Dodge division of McGraw-Hill Inc In a revised forecast.39 words
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916 1978-07-20 3 NYT FRANCE AND West Germany are determined to •stabilise currency exchange rates within the European Common Market. The idea is to encourage trade and shield the countries' economies from the damaging effects of currency speculation. French Economic Minister Rene Monory said a stabilisation planNYT - 916 words
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Article270 1978-07-20 3 AP THE EUROPEAN Common Market's budget council gave preliminary approval on Tuesday to U5517.29 billion (Ss4o billion) worth of expenditure for the 1979 budget. But It left a series of questions unsettled, and approved less money for social and energy needs than the executive Commission hadAP - 270 words
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Article73 1978-07-20 3 RECOVERABLE gas reserves of the Morecambe gas field in Block 110 of the Irish Sea are at least 56.6 billion cu.m. and could be as much as 85 billion state owned British Gas Corporation chairman Sir Denis Rooke said. The wholly-owned British gas field is substantial73 words
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Page 3 Advertisements
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Advertisement126 1978-07-20 3 LUXURIOUS APARTMENTS WITH PANORAMIC HARBOUR VIEW FOR SALE OR REHT AT IHTERHATIONAL PLAZA A SPECIAL FEATURES Panoramic view of Singapore waterfront 24 hours central air-conditioning Wall to wall carpeting Furniture fittings designed and provided by leading interior decorators 5 exclusive elevators Fitted intercoms for security Round the clock security guards126 words
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RAW MATERIALS
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Article479 1978-07-20 4 OPENING prices here yesterday rose following higher London advices ana the market later gained further ground on light covering Interest and speculative support. Some short-covering, influenced by Soviet orders, aided sentiment slightly. Howeve:, prices eased slightly towards the morning's close. The morning session closed higher with479 words
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Article30 1978-07-20 4 Rubber: July 19 Singapore: August 229.25 cents (up 3.50 cents) Malaysia: August 234.00 cents (up 3.25 cents) Tin: Mf1,71« (up 16) Official offering: 207 tonnes (up 17 tonnes)30 words
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Article323 1978-07-20 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f o b 228.50 229 508 229.00 230.OON Int. 1 R.S.S. August 228.25 228.75 229.25 229.50 Int. 1 R.S.S. September 228.75 229 25 229.75 230.00 Int. 2 R.S.S.323 words
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Article94 1978-07-20 4 NOON SSR and SMR prtces yesterday: HAS August (Current Mth) Sea (For* ard Mtfc) Sellers Buyer* Sellers Buyers (cents parkg) (cent. per kg) SSR 20 (1—ton pallet) 210.00 212.00N 211.00 213.00N SSR SO (1-ton pallet) 208.00 210.00N 209.00 211 00N MRELfi SMR5CV (1—ton pallet) 237.00 238 00N94 words
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Article345 1978-07-20 4 BUOAR futures in London yesterday opened with losses from Tuesday of £0.15 to £0.70 per tonne although prices were generally above overnight kerb levels. Dealers attributed some of the support to shortcovering after the recent decline to new contract lows. They said sentiment may have been Influenced by Tuesday's345 words
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Article315 1978-07-20 4 SJOTEB were steady on e Singapore produce market yesterday. Pepper eased another 12.50 per picul all round as market sentiment remained dull. A contributing factor was the current summer months In Europe which traditionally see little trading activity in the commodity. Arrivals from Sarawak totalled 125 tonnes yesterday.315 words
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Article161 1978-07-20 4 THE sugar market yesterday closed 0.04 to 0.11 US cents higher In continued quiet trading, with five lots traded against Tuesday's 11. The Hongkong dally spot sugar price was steady at 6.15 cents, dealers said. Sugar futures closing prices: Claaiag Ctosta?* Sep una 6.09/10 Oct 8.20/34 0.17/30 Jan161 words
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Article193 1978-07-20 4 YARN and Cotton In Hongkong dollars, spot ex-godown: Cecum Tan; China Blue Phoenix 201 1.740: 32s 2.200: 40s 2.300 (per bale of 400 lbs). Pveee Cilia: China Butterfly and Olobe Brand unq. Dragon Head una. rive Lambs unq, rlower and Butterfly unq. Hying Oeese unq (Per piece 36193 words
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Article452 1978-07-20 4 ROBUSTA futures In London yesterday opened about steady £22 to £5 per tonne down from Tuesday with spot July unchanged. Turnover was 237 lots. Values fluctuated on well matched dealer trading. September ended the opening session £15 down at £1,212 after a high of £1,219 and an initial trade452 words
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Article377 1978-07-20 4 TERMINAL cocoa In London yesterday finished the first call £13 up to unchanged against New York, and continued to harden In open trading In thin conditions. Dealers said chart and trade support entailing some price fixing was featured. But Inquiry for resale cocoa was limited, they said. Much of377 words
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Article80 1978-07-20 4 C.I.r. North European part*. In U8 dollars per ton unless other LONDON: Malaysia 5% f fa bulk per tonne September 585 sir MO sir Sumatra 5% f fa bulk July 970 sir 877S sir August 840 sir 846 sir September 500 sir MS/SMHpd October M7*itr 575 sir November80 words
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Article247 1978-07-20 4 THE BTRAITS tin price In Penang yesterday rose Mso to $1,718 per plcul. Dealers, attributed the slight rise to the higher overnight London closing and demand from the US and Japan, coupled with local support. Turnover rose to 207 tonnes from 190 tonnes on Tuesday. In LONDON yesterday,247 words
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Article219 1978-07-20 4 CHICAGO soybean futures finished with losses of 9-1/4 to two US cents a bushel on Tuesday, several cents above the day's lows. Local profit-taking triggered the downward move, and the decline accelerated as com missionhouse sell-stops were reached, traders said. But prices stabilised near the lows on moderate commercial219 words
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Article133 1978-07-20 4 WHEAT futures closed at the day's lows with losses of four to 6-1/2 US cents a bushel in Chicago on Monday. Local liquidation and commercial hedging pressure kept the market on the defensive late in the session, traders said. One commercial firm, which initially sold an estimated two million133 words
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Article193 1978-07-20 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollar* per tonne F. 0.8. bull Bangkok) Wkiu Rica: 100 pet let clan 412. 100 pet 2nd clan 307,100 pet 3rd daa* 392, 5 pet 388 10 pet 362. 15 pet 357. 20 pet 352. 25 pet 342. 35193 words
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Article64 1978-07-20 4 ZINC was £0.75 lower for cash and £1 per tonne down for Three Months In London yesterday. The market was very thin and generally moved with copper and lead. Small chartist and stoploss orders pushed Three Months down to £306 but bidding from an Influential operator In the ring64 words
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Article346 1978-07-20 4 COPPER wire bars closed with losses of £7.50 per tonne in London yesterday. Following an easing in the pre-market, which dealers said reflected the overnight declines in US futures and lack of buying interest, prices lost further ground in early ring dealings. Chart and stop-loss selling and general liquidation346 words
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Article166 1978-07-20 4 THE Hongkong silver market vesterdav closed unchanged from Its previous closing HK5244.50 per 10 ounces in continued dull trading, with turnover estimated at 10,000 ounces, dealers said. The day's fixing price was also unchanged at HK5244.50. The local closing was equivalent to 5.2502 US cents per ounce, slightly higher166 words
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Article436 1978-07-20 4 THE KILOBAR In SingaSre yesterday opened at 13,873 and reached a low of $13,836 before closing at <13,865. Spot gold for London delivery opened at U*****.95/ 186.15 and closed at U*****.90/ 186.10. Price movement was generally erratic but the tone of the market was quiet. The London morning gold436 words
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Article78 1978-07-20 4 LEAD ended the morning ring £3.75 down for cash and £5 lower for Three Months In London yesterday. Prices eased on the premarket and early ring under the influence of the downtrend in copper. Chartist and stop-loss selling saw Three Months trade to £306 per tonne, a loss of78 words
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MONEY AND EXCHANGE$
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Article445 1978-07-20 4 THE US dollar held steady against major currencies on foreign exchange markets yesterday as dealers became cautious after nothing concrete resulted from the Bonn summit. It was thinly traded against the yen In Par East markets at Tokyo's opening of 201.75/85 thoughout the day. Even during London's opening,445 words
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Article187 1978-07-20 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 19: US Dollar* (Spat) 7 days 81/16 1 IS 1 mth 8S/V 8 5/8 2mth* 81// 81/8 3 mths 8 i/ie 87/ie 6 mtha r i 9 mth* 9 3/18 91/18 12 mtbs 91/4 1/8 8w.Fr*. Di187 words
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Article47 1978-07-20 4 RANGE of prices offered by discount houses on July 19 Oremlfht 2% to 3W» Call deposits 3K* to 9H* PIiisIm 3-month Treasury bt lis J 3/6 Sl/4 3-monUi Bank bills 511/16 5 9/16 3-month CD 61/16 515/16 6-month CD 63/16 61/16 Source: National Discount Co. Ltd47 words
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Article21 1978-07-20 4 THE average rate at which Singapore banks are curraatiy prepared to lend to their beet customers is 7 per cent.21 words
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Article75 1978-07-20 4 Euro rates LONDON Eurodollar deposit period rates yesterday were marked down on the Friday start technicality and shed a further 1/16 point In lack of Interest, dealers said. Jrxs:' Owmwht 7-IVJ6, T-U/lt ThurvTri 23-1/1, 23 WMnd 3. 2-7/1 Call 2 day* uikj is B«wen day* ft* and notice 6-1/16,7-Om mtti75 words
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Article42 1978-07-20 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for a total of $15 million 01day Treasury bills to be Issued from July 24 to July 28. Each tender must not be for less tban $250,000.00.42 words
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Article295 1978-07-20 4 THE dollar was quoted softer against major currencies In moderate early business yesterday, partly reflecting an adjustment to late New York and Far East market trends and In reaction to Japan's June trade data. Japan had a U552.93 billion surolus In June up from $1.37 billloir In May and295 words
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Article238 1978-07-20 4 THE dollar ended weaker against major currencies In sporadically active trading on Tuesday. The US unit closed at its lows for the day In most cases, and well below Monday's closing levels, as operators began to unwind Ksltlons taken prior to the nn summit, dealers said. Operators with238 words
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Article146 1978-07-20 4 THE- US dollar yesterday closed little changed from New York's closing levels In thin, nervous trading, dealers said. The Senate's passing of the first part of President Carter's energy programme had little impact on the market and the dollar closed only marginally higher at 201.70/80 yen from 201.65/75 In146 words
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Article177 1978-07-20 4 THE US dollar for overnight delivery yesterday closed at 201.95 yen, higher than a 201.50 opening but lower than 202.15 at Tuesday's close. some dealers said the Bank of Japan bought a small amount of dollars In early trading, but others said they detected no Intervention. After falling to177 words
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Article59 1978-07-20 4 ZURICH exchanges closing quotes on July 18: US *****-MBB St< 3 4425-4453 Can 1.2X37-6282 D Mk 22.*****915 D Pi 21.9323-62 01 SB r P* 40 9030-9427 B rr S 6093-6196 D Kr 32.4226-4519 N Kr 32.6557-7 m .8 Kr 40 0666-0943 Lit 0 2163-2186 Aua Sell 12.2929-2712 Port 359 words
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Article37 1978-07-20 4 AUSTRALIA and New Zealand exchanges on July 10: AUSTRALIA: US dollar 1.1422/ 1.1427 SUrfexw > 9199/ 9.9980 "uytnf raiaa: US dotfcr 1.1816 US do&r 1.1423 NSW ZKALAHD Stertong 6.2661/ *****. US doflar 1.8618/ 1.6816 US dollar 1.8T1737 words
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Page 4 Advertisements
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Advertisement115 1978-07-20 4 Rft mOMMm El yy>'' Here with a Loaf of Bread beneath the Bough A Flask of Wine, a Book of .Verse and Thou Betide me singing in the Wilderness And Wilderness is Paradise enow Pour celui qui po«Mde un morceau de bon pain Un gigot de mouton. Un grand flacon115 words
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TRANSPORT
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478 1978-07-20 5 Reuter BRITAIN can participate in the building of a new generaUon European Airbus only If British Airways orders the plane, French Transport Minister Joel le Theule said. France and West Germany will go ahead with the 200-seat aircraft, the 810, without Britain,Reuter - 478 words
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Article489 1978-07-20 5 AFP THE SOVIET Union plans to build up Its merchant shipping fleet by about five million dwt by 1080. Mr Vastly Fedenko, top adviser on shipping policy to the Soviet Minister of Merchant Marine, said In a 2x»rt in Lloyds's List that dltions to theAFP - 489 words
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Article81 1978-07-20 5 THE FIRST of 17 aircraft in Singapore Airlines' fleet to be painted in special livery with the message "California Here We Come" rolled out of its hangar at thePaya Lebar Airport yesterday. The plane, a Boeing 747, will start SlA's promotion of Its San Francisco flight due81 words
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Article, Illustration438 1978-07-20 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Al Odalllah (after Mlkagesan Mara) 6/7 Boston Mara (0200 45 Bunga Setawar (0530 after Kwangtung) 19 Centaur (1330 after Turkmenlya) 42/43 Eva (0200 after Sea Union) 10/11 Oolconda (1300 after Fortune Victory) 25/26 Kal Yun (0530 after Fides)s King Lake (0600 after438 words
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223 1978-07-20 5 Reuter PRESIDENT Marcos hat ordered a crash programme to clear congestion which ia threatening to ahut down the Philippine*' main port in Manila. A presidential apokeaman said on Wednesday that Mr. Marcos had directed Finance Minister Cesar Virata to chair a conference ofReuter - 223 words
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Article478 1978-07-20 5 CHAN BONG SOO - By CHAN BONG SOO SINGAPORE has formed Its own nautical institute to maintain and promote professionalism among Its seafaring officers. The new 50-member body, Singapore Nautical Institute will hold Its Inaugural meeting In September. More members are expected when the 500 to 600 officers now478 words
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Article360 1978-07-20 5 AP THE US government opened three bids on Tuesday for the idled luxury liner, United States and rejected them all. They were for U553.25 million (557.5 million), $5 million and $7.5 million. The US Maritime Administration which owns the ship, said none of theAP - 360 words
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Article200 1978-07-20 5 Reuter THE JAPANESE shipping Industry is losing its competitiveness owing to a rise In its labour cost and increasing shares of Soviet and East European shipping fleets in some shipping routes. The Japanese Transport Ministry said in a White Paper that the Industry Is also sufferingReuter - 200 words
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Article173 1978-07-20 5 UPI CLOSELY following recent sharp reductions m payments to trans-Atlantic grain carriers, the US OulfJapan rate on Tuesday slumped when Dreyfus covered 50,000 tons aboard the August loader, Cambridgeshire, at US$lO (FIO). This was 90 cents below last business. Other US Oulf grainfixing Involved the July loaders,UPI - 173 words
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Article134 1978-07-20 5 AFP THE STATE-owned Merpatl Nusantara Airlines of Indonesia will start a once weekly flight from Kupang In West Timor to Dili In East Timor on Friday. This opening of a regular flight service to East Timor follows President Suharto's announcement on Monday opening up East TimorAFP - 134 words
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Article86 1978-07-20 5 A US$555 million (5J1.27 billion) industrial package deal in Athens signed between the government and the Karageorgls Shipping Group In 1975 has fallen through, the Ministry of Coordination said. The deal had included the building of a shipyard and steelworks a few kilometres north of the town86 words
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Article48 1978-07-20 5 A PAN AMA-flag cargo ship, MV Tatleo on a voyage from Bombay to Dubai ran aground near Thatta 112 km east of Karachi. The ship was caught In a rough monsoon sea and drifted Into the shallow waters opposite the small fishing port of Ketl Bunder.48 words
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Article712 1978-07-20 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP MAS MH605 1045 KUL712 words
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Article110 1978-07-20 5 AFP PORTUGUESE merchant seamen decided on Tuesday to defy government orders "requisitioning" them (a form of conscription) and to extend their work to rule to all Portuguese vessels worldwide. Most of the 7,000 merchant seamen have been working to rule for a week. This involves refusing overtimeAFP - 110 words
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Article56 1978-07-20 5 UPI THREE Japanese airlines will seek fare increases on domestic flights by 15 to 20 per cent, effective next month. Mr. Masamichi Anzal, president of All Nippon Airways said the airlines will ask the Transport Ministry for approval of the proposed hikes. The* two other airlines are JapanUPI - 56 words
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Page 5 Advertisements
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Advertisement131 1978-07-20 5 Leader Page 6 -°V>x>^ 50 StrEb HILL PH4SEI 4,0005q ft to live in CHB> ACHCD BUNGALOW iV iol ft r "ltr Biiri w <: vs 3 KV V*"£t > ■Pw mW 7 n ff£ HOCK IK SWEE HILL Located in quiet country, with big built-up area (over 2,000 sq ft131 words
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Article680 1978-07-20 6 THE FORMATION of the Singapore Nautical Institute Illustrates two points which augur well for Singapore's future development as a maritime nation. The first Is that local seafaring officers are aware of the need and are willing to spend time and effort to upgrade their680 words
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Article, Illustration1968 1978-07-20 6 Why more women WANT to work Working women are not a temporary social phenomenon. They constitute an irreversible trend caused by fundamental socio-economic factors, and one for which society in general and employers in particular, must start to plan for properly. This is the conclusion of an in-depth report by1,968 words
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Article317 1978-07-20 6 ABOUT half of the world'* temporary workers are women. In the Netherlands in 1976, of the 39,500 temporary worker*, almost half (49.2 per cent) were women. Of these, 22.1 per cent were married. In Germany, government statistics show that on June 30, 1976 there were 16,858 temporary workers317 words
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Page 6 Advertisements
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Advertisement289 1978-07-20 6 w wine o mm,. Sin t 0 ifhy Hotel Royal-RAMAM Newton Road. Singapore 11, Republic of Singapore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Indonesian set lunch daily for lovers of spicy food and our speciality IK AN MAS. Try our most-talked about air-flown steaks for gourmets. A special International Buffet289 words
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Advertisement36 1978-07-20 6 After a long day, enjoy a cool, relaxing drink and listen to some good pop, blues, evergreen and |azz. If you have a special request just let the band know. Appearing nightly, except Mondays at the36 words
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Page 6 Miscellaneous
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Miscellaneous61 1978-07-20 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated shower. Report for 24 hours prior to 7.30 p.m. on July 19 at the airport: Maximum Temperature 31.2° C Associated Humidity 66 Minimum Temperature 24.0° C Associated Humidity 97 Hours of Sunshine 9.70 Rainfall in Millimetres nil Total Rainfall61 words
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Miscellaneous268 1978-07-20 6 i£ J SINGAPORE 5 3.00 PM Opening announcements followed by Under Kilimanjaro 3.30 uiary oi Kvents (Chinese) 3.35 Eight Heroes Of Shou Lin (Repeat) with English subtitles 4.25 Intermission 6.00 Opening announcements followed by Lassie 6.30 News in Brief 6.35 Musical Gems 6.45 The Living Body Muscles And Movement (Repeat)268 words
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Article, Illustration1476 1978-07-20 7 THOUGH most women hold jobs in services, In general, those jobs are not the ones in which women are given the greatest responsibilities or earn the most money. Thus, it is Interesting to note a new trend (appearing mainly in the United1,476 words
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Article, Illustration582 1978-07-20 7 A LOCAL retail group had employed a consultant to recommend Improvements to its ailing department stores. Playing for time while pondering how to tell them their stores were quite simply, lousy, the consultant Idly and halfJoklngly said, "Well, you really should close one down or something,582 words
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978 1978-07-20 7 ILBA SHARP - [FORUM f ...on labour b By ILBA SHARP SINGAPORE has got a long way to go before It reaches the stage of female employment evidenced in the Manpower survey of Western countries reported on these pages today. But that It is set on the978 words
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Page 7 Advertisements
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Advertisement43 1978-07-20 7 S 'i m MMI n Lunch TODAY 01OKOH I f* Ti Jft) *> 9 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: *****243 words
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Advertisement102 1978-07-20 7 Enchanted evenings in fine European tradition. Mirabelle trw 5v, Vk OBERO All the ingredients for an enchanted evening are here at Mirabelle Romantic < candlelit setting with gentle music from a rolling minstrels Vintage wines to go with superb French cuisine (our chef recommends Rowtte of Beef Prince Wellington. Noisette102 words
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Advertisement78 1978-07-20 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road. Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road. Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel: *****4 HOLIDAY INN78 words
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Advertisement75 1978-07-20 7 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus, Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Bcach Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3 HOTEL NEGARA 1575 words
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Advertisement74 1978-07-20 7 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 ORCHARD HOTEL 2 Orange Grove Road, Singapore 10 Tel: *****1 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL I*3 Beach Road. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove74 words
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Page 7 Miscellaneous
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Miscellaneous32 1978-07-20 7 SKllsl TOUT SHtfcT".. ULTgp* S>JUG U)PI»STGORT... F»GUOE. HUGGAKJG ORCXeT.. T(?OUSeRS > ~T V bt ***** BnStoW'.-FraiiKlickeDS I i i~ri m— ii i 1 U)eu.,uiea —Dig old "feeNpsf BR<STDU) K9i ly U| r O)32 words
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INTERNATIONAL STOCK MARKETS
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Article505 1978-07-20 8 TOKYO Source: DBS-Daiwa THE NIKKEI Dow Jones average continued to rise yesterday because purchases by mutual funds are experiencing a temporary decline. Turnover was relatively heavy and estimated at 340 million shares, since medium-priced chemical and light and heavy electrical Issues were heavily {faded. The market opened ArmSource: DBS-Daiwa - 505 words
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Article223 1978-07-20 8 THE market closed higher yesterday with all sectors gaining significantly. .Dealers said turnover roee to 24.60 million pesos from Tuesday's 18.33 million. Only Atlas fell slightly. I.Copper HUHMM Hill (JO) OS* IS uneh •IS unch Kathlnvwt. Kit Ora Meulaex Metramar 222 07 2S 03W -3 unch -4 unch MUewt223 words
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Article144 1978-07-20 8 JULY It Bahts Asia Fibre Bangkok Bank Bangkok Invest. Bangkok-Metro-politan Bank Bata Berll Jucker 205 370 unch unch Carpet Intnl Charoong Thai Wire Dumex Duslt Than! Faber Merlin First Truit 283 331 284 unch unch -22 Oenera Finance Indo-Thai Industrial Finance Corp J And J Ho Jalaprathan Cement 339144 words
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Article282 1978-07-20 8 SHARE PRICES closed mixed In active tradlna on Tuesday, ending an sight session rally which pushed the market to Its highest levels In more than four years. The composite Index eased a fraction, but eight of Its 14 component groups were higher and six fell. The 220 gaining Issues282 words
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Article308 1978-07-20 8 JULY IS Rand INDUSTRIALS A Alpha Abercom AE And CI A MIC Barlowi Cf Sugar 128 180 288 1040 «T 435 ♦1 >1--2» -10 -3 •18 CNA 175 Currte Finance De Beers Ind Edcon Edgars Eveready Fed Vollt Fuglt Oardian Olenanl Oratemn Hippo Hlveid HuletU Liberty Lonrho LTA M308 words
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Article405 1978-07-20 8 Source: SHK Securities THE MARKET yesterday opened on a firmer note reflecting higher overnight prices In London. But the market was again unable to sustain the firm tone as small local speculators on margin become Jittery over the lack of overseas Chinese or European Institutional business and the subsequentlySource: SHK Securities - 405 words
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Article212 1978-07-20 8 THE market closed generally easier yesterday with Pancontlnental leading mines lower with a 65 cent fall to A 514.25. Dealers said CRA, Consolidated Gold Fields, Western Mining, BH South and Central Norseman eased while BHP rose four to 7.44, Comalco five to 3.12 and White Industries three to 2.18.212 words
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Article477 1978-07-20 8 EUROPEAN MARKETS BELGIAN SHARE price* were mixed to mostly higher In moderate trading on Tuesday. Reserve. Soflna, Sldro. Vleille Montagne, FN and Cockerlll rose, while Lambert, Asturlenne and Clabecq fell. In foreign stocks, UK were little changed, Germans, Dutch; Canadians and French ware mixed and US477 words
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Article93 1978-07-20 8 JULY IS Frs forward market Acec 310 -1 Arbed 2400 -5 Astur 596 -22 Braacan 475 -7 Bru-Lamb 1550 -5 Canpac 544 +4 Cock 450 +7 D* Beers 195 unch Ebes 2250 +10 Electrobel SM0 +50 Gb-Inno-Bm 2230 -5 Oev 1310 +8 Hobok 2375 -20 Petro 3795 unch Ryl93 words
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Article203 1978-07-20 8 JULY II Fl» ABN 364.00 -0.5 Ahold 106 00 +6.8 Akro 29 20 -0.1 AMEV 83 00 +0.2 Amfaj 108 50 ♦1 Amrot Bank 79 00 -0.1 SSP"..:::::::: 30 00 91.00 unch ♦0.8 Bo Is 72.80 +1.3 BoriumlJ 157 60 -0.9 Burhmann 70 70 +0.2 Byenkorf Cahre Delft 93203 words
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Article201 1978-07-20 8 JULY 18 Dm Aef-Telefunken 79.30 +0.3 Ak*o 26 00 -0.1 Alb Leben 880 +7 AIU Vers m unch BASF 132.30 +1.3 BtyHTWbtnk 290 +2 Bay Vbank MB Bayer 133.50 +1.1 BBC 312 +3.3 BMW ***** +2.5 Caaaella 386 +2.2 CTtem Verw 288 Com mere bank 231 30 +1.3 Contl201 words
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Article1470 1978-07-20 8 July 18 CHICAGO Board Options Exchange volume dipped to 137,175 contracts on Tuesday from Monday's 190,554. OPTIONS 1 JLY OCT JAN STOCK mini! lililfl liiiilSnialiil HlillHIIIII lilillliliuiiiiilll 40 45 SO 55 00 <5 45 50 00 40 40 45 45 50 50 00 00 20 25 301,470 words
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Article258 1978-07-20 8 JULY IS m CORBEILLfc Alr-LJ guide BBNOerval* Danone 330 559 +9 ♦2 C 8 F (ThomsonC»f) 273 -2 7 Cle Franca He de*Petrole* Compacnle Flnanclere Compagnie 131.50 362 •3.1 Credit Fonder De France Hachette (Llbraliie) Ml 230 -3 3 Machine* Bull Mlchelln (B) Parlbu 42 1330 176 90 +0.2258 words
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Article167 1978-07-20 8 JULY IS AcUoruSuliaei Aluauiaae Br. Aluauiaae R«* Brown Boven Br. ClbaGelgy Br ClbaOel©r PC Cite Oelty Rm. Oedtt Suuae Br Credit 8uiawRe( ElektrowattBr. George Fischer Br Globus Pc Hero Br Pranea 366 unch iaao +j 513 unch 1660 +5 1130 ♦5 830 unch MO +3 1170 unch 413 +1167 words
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Article96 1978-07-20 8 JULY IS Lire Anic W 4-1 AoocOtn ***** -400 B&itogl 437 -7 3006 -42 Plat 1711 -29 Flruider in +2 Oen I mmob 70 +0.5 ITIPrl 220ft -5 IUlceroentl ***** -no Ittlgm* 70S 50 -0 5 ItaUlder 236 75 ♦0 5 Magnetl M Pf 486 -3 Marelli Ere 33ft96 words
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Article935 1978-07-20 8 NEW YORK IHTEREBT rate worries and •ome softening In the dollar combined with technical factors on Tuesday pushed stock prices lower in moderate trading. Analysts said recent market gains, particularly Friday's sharp advance, left It dpe for a correction. The Dow Jones Industrials lost about 10 points935 words
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Article51 1978-07-20 8 FINANCIAL TIMES INDUSTRIALS Tuesday 472.4 Monday H.K. 106* to 106* HANG SENG Monday 479.3 Week Ago 467.3 DOW JONGS AVERAGE INDUSTRIALS Tuesday 829.00 SYDNEY INDUSTRIALS Wednesday 427.34 Monday 839 05 Week Ago 821.29 AM, C LONDON DOLLAR PREMIUM Tuesday 108* to 108H Wednesday Tuesday Week Ago 501.31 501.7451 words
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Page 8 Advertisements
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Advertisement227 1978-07-20 8 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more227 words
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INTERNATIONAL COMPANY NEWS
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692 1978-07-20 9 N.AMERICAN L A Reuter SEVERAL more large bank holding companies have reported Increases in second quarter and first half profits from a year earlier. Bank America Corporation, the parent of San Francisco-based Bank of America, the world's largest commercial bank, posted a 27.1 perReuter - 692 words
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Article508 1978-07-20 9 NYT MERRILL LYNCH, Pierce, Fenner and Smith Inc, the largest brokerage house In the United States, has named a new president, Mr William Schreyer, the man responsible for overseeing the recent merger of White Weld Into Merrill Lynch. The 50-year-old Mr. Schreyer, wno had beenNYT - 508 words
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Article152 1978-07-20 9 Reuter AMERICAN MOTORS Corporation (AMC) the smallest US car manufacturer, reported that Its profit from continuing operations during the third fiscal quarter, ended June 30, was US$3.l million, or 10 cents per share, up from $1.6 million, or six cents per share last year. Sales roseReuter - 152 words
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281 1978-07-20 9 Reuter RCA CORP said it made more money In the second quarter of 1978 than in any Suarter in the company's 9-year history. The 12 per cent gain for the period ended June 30 reflected gains by most of RCA's businesses, Mr. Edgar Griffiths, presidentReuter - 281 words
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305 1978-07-20 9 Reuter PHILIP MORRIS INC, one of the world's largest cigarette companies, reported that its second quarter profits were up 22.5 per cent over the comparable year-ago period, exceeding the US$lOO million mark for the first time In its history. The diversified concern,Reuter - 305 words
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Article149 1978-07-20 9 Reuter UNITED Technologies CorK ration, a major manu:turer of aircraft engines, said its second quarter {•roflt rose 13 per cent from he comparable year-ago period. The company reported a record U8156.56 million profit for the three months, up from $50.08 million a year ago. RevenuesReuter - 149 words
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Article110 1978-07-20 9 Reuter EASTMAN KODAK has moved for a retrial of Berkey Photo Inc's civil anti-trust suit on grounds that a US$Bl.4 million Judgment against it is "contrary to the weight of evidence." Kodak's petition to Judge Marvin Frankel in US district court for Southern New York argued itReuter - 110 words
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Article81 1978-07-20 9 Reuter A MAJOR US car firm Is expected to set a truck assembly plant In Taiwan In a Joint venture with a local firm, the Central News Agency (CNA) reported. Quoting the Economics Ministry, It said General Motors Con), Ford Motor Co and Chrysler Corp areReuter - 81 words
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Article304 1978-07-20 9 ASIAN Reuter UPI TOKYO: Nissan Motor Co Ltd said It expects profit before-tax and special Items In the half-year ending Sept 30 to Increase from the 65.52 billion yen In the preceding six months. It made no specific forecast, but noted this followed declines in profitReuter; UPI - 304 words
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Article146 1978-07-20 9 Reuter TOKYO: Toshiba Corp said It Is building a factory at Nashville. Tennessee, to start colour television production later this year. Initial annual production would be between 150,000 and 200,000 sets, it said. Meanwhile, Hitachi Ltd said it and General Electric Co (OE) are awaiting JusticeReuter - 146 words
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Article151 1978-07-20 9 AFP QATAR STEEL CO of Qatar has made its first overseas shipments shortly after Its steel mill started operations In April this year. The Qatar company's exclusive sales agent, Tokyo Boekl Ltd of Japan, said 4,000 tonnes of construction bar steel were shipped to Saudi Arabia andAFP - 151 words
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Article115 1978-07-20 9 UPI NIPPON STEEL CORP will soon conclude a comprehensive cooperative agreement with Algeria to construct a large-scale integrated steel plant in that African country. The Nlhon Kelzai Shimbun said a senior official from the Japanese firm is negotiating with the Algerian government over details ofUPI - 115 words
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Article42 1978-07-20 9 Reuter HONGKONG: Cosmopolitan Properties and Securities Ltd will pay a final dividend of six cents (tty-ee) plus special cash bonus of one cent (three), making a total dividend of 15 eents (17), for the year ended March 31. ReuterReuter - 42 words
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Article133 1978-07-20 9 LONDON: American Express International Banking Co Is raising US$35 million through an issue of floating rate certificates of deposit (FRCD). The Amex Bank said the FRCD will carry a rate of 1/4 per cent over the midpoint between the bid and offer items of London interbank rates.133 words
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Article82 1978-07-20 9 BONDS&LOANS h Reuter NEW YORK: A syndicate headed by First Boston Corp said it priced a proposed offering of US$lOO million of- Hydro-Quebec debentures, due 2008, at with a 10 per cent coupon to yield 10.03 per cent. Selling concession has been set at $4.50 and re-Reuter - 82 words
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Article49 1978-07-20 9 LUXEMBOURG: The next Eu bile Luxembourg franc ond Issue will be for the Calsse Hypothecate and will carry the guarantee of Banque Internationale A Luxembourg SA. Primary market sources said terms of the Issue, which will probably be for 500 million francs, have still to be decided.49 words
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Article588 1978-07-20 9 THE DIRECTORS of Yule Catto and Co announced a reduction in pre-tax profit from £0.04 million to £0.68 million for the April 20, 1078, half-year. They also reveal details of a £1.78 million scheme to repay lip Itor share to shareholders. It was intended that588 words
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165 1978-07-20 9 THE RANK organisation Ltd said its share of pre-tax profit from companies owned jointly with Xerox Corp were reduced by £13 million in the 28 weeks ended May 13 because of currency fluctuations. Earlier, the company reported that pre-tax profits fell to £57.55 milllom from165 words
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Article62 1978-07-20 9 Reuter PILKINGTON Brothers Ltd said it granted Hankuk Glass Industry Co Ltd of Seoul a licence for the first float glass factory in Korea. The factory will be built at Kunsan near Seoul and is planned to start up In autumn 1080. There are now 64 float glassReuter - 62 words
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Article523 1978-07-20 9 EUROPEAN h d FT DUE LARGELY to Increased sales volume and a general Improvement In operating profits of the European member companies, pretax profits of Rothmans International, the worldwide tobacco group, expanded by 21 per cent from £66.44 million to a record £80.6 million In theFT - 523 words
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Article270 1978-07-20 9 FT ADAM OPEL, the West German subsidiary of General Motors, today reported that sales last year for the first time exceeded DM 9 billion. This year domestic registrations came up 8.4 per cent for the first halfyear and exports are ahead by 3.8 per cent. As wasFT - 270 words
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Page 9 Advertisements
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Advertisement181 1978-07-20 9 ONE GOOD PUBLICATION THAT'S worth a thousand watts If you're into hi-fi, you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve his listening pleasures. Wouldn't it be worth your while to make a mere181 words
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DEALS DONE ON THE SES AND KLSE
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Article1395 1978-07-20 10 BID and offer prices officially bated and business in and reported to the Stock Exchan«e of Slnnpore yeatarday with the number or aharea traded shown in brackets in lots of 1.000 untts unless otherwise specified All Time Settlement Contracts are quoted after the word "eett." Bis Board deal1,395 words
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Article86 1978-07-20 10 4 3/4% 18/9/89 (250.000) (100.358 100.908) 8% T F 18/4/81 (290,000) (100.968 100.898) 8 3/4* T F IWBI-84 (290,000) I (102.808) T 1/4% 18/4/88 (290,000) (100.80B) 7 1/4% 18/18/88 (290.000) (100.79B) 7 1/4% 1/8/87 (290.000) (100.79B) 6 1/4% t P M/ 4/91 (290.000) (100.606) 6 1/4% T P86 words
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Article95 1978-07-20 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. CoM Storata (Sept 81.78) (8.818 8.788). C and C (Sept 82.38) (2.888). PandN (Sept 83.18)95 words
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Article2496 1978-07-20 10 1978 High Low Company Sale +«eGr'» DW Dhr Crr Gr*s YTd Net P/E Vel (•880) Day High Low SECTION ONE industrials 230 233 172 190 260 83 276 268 210* 478 132 123* 112 133 195* 60 162 173* 140* 256 Acma Alcorn Allied Choc BAT Bata2,496 words
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Article138 1978-07-20 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iNuiim' prioM for July pi nc The Commerce 2 10 2.23 INCOME BOND 1.07 1.12 The Saving Fund ■'pore Prof Fund 1.24 1.08 1.42 1.09 MARA BUMIPUTRA FUND S t.M 2.06 First Bumlputra iw «wy m 2 96 3.03 8'pore Invest Fund138 words
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Article1716 1978-07-20 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 Awn* (2.158 2.258). AJlnwwU (2.BIB). AIMM (2 JOB 2 408) (1)1,716 words
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Article, Illustration873 1978-07-20 10 THE market turned quiet on the Stock Exchange of Singapore yeaterday a* moat trader* retreated to the aidelinea to watch and wait. Pricee cloeed from steady to firm and celling was generally well aheorbed. Market uncertainty was reflected in the total turnover which continued to drop. Yesterday,873 words
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Article608 1978-07-20 10 PRICES held their ground for the greater part of the day but some selling pressure in the late afternoon found an easier close at the Kuala Lumpur stock market yesterday. Volumes were lower, reflecting some degree of caution among market operators. The overnight rally had apparently608 words
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COMPANY NEWS
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Article, Illustration905 1978-07-20 11 ARTHUR NG - By ARTHUR NG GREAT Eastern Life Assurance Company has Sone a long way In the last ecade with business in force and gross assets rising by about four to five times. This is the proud comment made by its chairman, Mr Tan Chin Tuan, in905 words
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Article323 1978-07-20 11 Current payment Ex Date Booka cloae Date payable Total for the year Total for previous yaar Sin Chew Town A City C. Properties M. Container* Lien Hoe Bukit Sembawang Johan Tin Aokam Tongkar Harbour Oriental Hldgs. Public Bank George Town KgLanjut Sungei Besi Kramat Tin Dredg. Killinghall M.323 words
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Article151 1978-07-20 11 Company Particulars Ex Date Books Close Oriental Holding* Wilkinson M. Flour Pegi Malay*!a Great Eastern Life M'sia Feedmills Lien Hoe Sentoaa Plywood Synthetic Resins Bonus Issue of 1 for 2 Bonus Issue of 1 for 4 Bonus Issue of 1 for 3 Bonus Issue of 1 for 5151 words
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Article257 1978-07-20 11 ACMA Electrical Industries' two wholly owned subsidiaries which were seta bUshed last year were the subject of a Singapore Stock Exchange query lost week. The company has been ashed why it did not tarnish an immediate announcement to the Exchange of the formation257 words
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Article60 1978-07-20 11 AVER Hitam Tin Dredging Malaysia Bhd has liquidated its wholly-owned subsidiary. Ayer Hitam Tin Dredging (Ayer Hitam), for tax ana administrative reasons. Befi»e liquidation, dividends from Ayer Hitam were liable to excess profits tax. Except for this saving and a reduction in administrative cost, the company's profitability will60 words
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Article, Illustration778 1978-07-20 11 LOW LEE CHOO - By LOW LEE CHOO DEISPITE the satisfactory results reaped In by the group In the first few months of 1978, Allied Chocolate Industries chairman, Mr. Chuang Ming Chi, is only cautiously optimistic of the group's prospects in the current year. "While I view the group's778 words
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Article, Illustration609 1978-07-20 11 DAVID CHOW - By DAVID CHOW GUINNESS Malaysia is planning capital investment of another Msl2 million on its production plant in Sun gel Way over the next two years to work closer towards optimum usage of its present capacity. This will involve extensions of its malt silos and up-grading609 words
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Article69 1978-07-20 11 Bukit Sembawang Estate* Ltd: AGM to be held at John Buttery and Co. Ltd., Sandlands House, 100-C, Paslr Panjang Road,.Singapore at 11.00-a.m. on July ?f. Consolidated Hotels Ltd: AGM to be held at the Function Room, 5th Floor,Peninsula Hotel, Coleman Street, Singapore, at 10.00 a.m. on. July 22.69 words
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LATEST RESULTS
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Article72 1978-07-20 11 Audlted after tax profit came to M 520.17 million ($23.02 million) for the year ended April 30. Final dividend was 60 cents gross per $1 share (nil) payable Sept 2 to shareholders registered on Aug 10, making total of $1.10 ($1.50 per $2.50 share and 6072 words
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212 1978-07-20 11 MUCH reduced tin output has hit earnings at Pengkalen for the first six months ended March 31, 1978. Estimated pre-tax profits of this British incorporated tin-mining company suffered a sharp drop from €138,000 in the previous corresponding first half to 156,000. This arose from212 words
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Article210 1978-07-20 11 BOUNCING back from a profit slide in the previous year, Johan Tin Dredging has achieved a five-fold rise in net profits for the financial year ended Jan. 31. 1978. Preliminary results show pre-tax profit was more than three times the previous year's at M 5138,265 ($36,214), due210 words
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Page 11 Advertisements
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Advertisement62 1978-07-20 11 ooking t! T > 4 ■til'.V--—. *> !V. v s e r Kenneth Lo, On w> known CNnooo writer, Introduce the wdw to Ihe toed unto"* we> of eettng. dlah moin couraee, he to doooorte, gM recipe* to try, one 1 s *wr"Al E 55 i»*in Ovor 100 wwytettc boouty62 words
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688 1978-07-20 12 JAPAN must spend US$lO billion (Ss23 billion) for emergency Imports If it wants to achieve an "effective reduction" in its current account surplus. Speaking at a seminar for Japanese businessmen In the mountain resort of Karulzawa north of Tokyo on Wednesday, the Minister688 words
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Article462 1978-07-20 12 Reuter HONGKONG'S economic growth will surpass general expectations, the Hang Seng Bank predicts In a report. JJqlnestic consumption aivt construction activities public and private sectors remain strong while the export sector is doing water than expected. JKo-wever, the report wanted that pressure on the )a?£ujr marketReuter - 462 words
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Article735 1978-07-20 12 LCWDON, Wed. Share prices fell on continuing fears of an extension of dividend controls, while government stocks edged higher ahead of the UK money supply figures tomorrow, dealers said. Leading equities were mostly lp to 4p easier but earlier falls of up to 7p were reduced. Trading was735 words
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408 1978-07-20 12 Reuter JAPANESE Prime Minister Takeo Fukuda said his government will encourage foreign governments to float loans on the Tokyo market. He told a news conference altar talks in Brussels with Roy Jenkins, President of the Common Market Commission, that he will also encourage JapaneseReuter - 408 words
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613 1978-07-20 12 CRUDE palm oil output In Peninsular Malaysia Increased by almost 10 times between 1965 and last year while that of palm kernel rose three times. Tonnage wise, crude palm oil production increased from 148,682 tonnes to 1,468,249 tonnes while palm kernel rose from 34,978 tonnes613 words
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600 1978-07-20 12 OOPAL Chandra Kar Choudhury, former chairman of Ben and Company, told a district court yesterday that he sold his shares to reduce debts owing to the Bank of America after he had failed to sell his property in Whitley Road. He said this600 words
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374 1978-07-20 12 UPI US SPECIAL Trade Representative Robert Strauss believes leaders of several Western nations can conclude a multilateral trade agreement, "with meaningful benefits for American exports," by Dec 15. Mr. Strauss told a House of Representatives ways and means trade subcommittee that despiteUPI - 374 words
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116 1978-07-20 12 A MAJOR Hongkong textile firm, Hongkong Spinners Ltd, is closing part of its operations today. A spokesman for the company said that the spinning and weaving section of one of its factories was closing because of Internal reorganisation. Almost 1,000 workers will lose their116 words
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Article35 1978-07-20 12 THE NEXT monthly gold auction conducted by the International Monetary Fund will be on Aug 2. Copies of the ftind's "invitation to bid" are now available from the Monetary Authority of Singapore.35 words
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Page 12 Advertisements
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Advertisement138 1978-07-20 12 APPOINTMENT SALES EXECUTIVE (Around 5524,000 per annum) Reuters are the principal suppliers of Financial and Rii<tin»«« News around the World. Two years wwintrlcK International MoneJ Markrtltet^ International Securities and Commodities Mark?tS P We now require an additional Sales Executive to Join an expanding team selling to Senior Levels of Successful138 words
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Advertisement425 1978-07-20 12 r .i J I J T,I? TEL 271:8744 INTRODUCES THE Glastronmt G/astrons and Evinrudes are backed exclusively by SPOTRADIO'S over 50 years experience in after sales service PERFECT MATCH PACKAGE V-162 FUTURA is America's favourite 16 foot deep-vee runabout. And all those boat owners must know something. If it's not425 words
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Article4268 1978-07-20 13 MireiHTT.E A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of deetlnatton tht nam# of the ship, ths shipping line lnvotrsd, and the estimated dates of arrival and departure, from ttnfapore port. t CmndtaM SctnOiteh hu a <*iit wr~Hee4,268 words
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Page 13 Advertisements
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Advertisement1123 1978-07-20 13 S»nfc.»p«»rt -J *0154t> K u.il.t I uriTpu' 270 388 ibO Pfn.tn*; SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION) LIA N SOON SHIPPING TRADING CO (PTE) LID "M .*;o; :io<i SHINTO* «OUSI SWN'ON <■ POfl '!i .'.'ooBl 1 UNfS .7014.'C .*****9 ??04 FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE MJO1,123 words
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Advertisement43 1978-07-20 13 i\i()i ir,fs 10/***** :h REQUIRE ONE EVERY MONTH BETWEEN JULY/DEC 78 GEARED, TWEEN DECKERS UNDER 20 YRB FOR TRADING B.E. ASIA AND FAREABT, PAYABLE BY L/C. PLEASE OFFER FIRM WITH VESSELS FULL PARTICULARS, DELIVERY POSITION AND HIRE IDEA TO BT BOX NO: 5251.43 words
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Page 14 Advertisements
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Advertisement723 1978-07-20 14 SHIPPING FULLY CONTAINERISED TO EUROPE S pan Mutant H'tewj I'kmi EXPORTS Man UHam CNjr af UMarfk Tm— BW iST»jt Benavon 22/7 24/7 28/7 30/7 7/8 9/1 14/8 15/8 19/9 im 25/8 77/8 12/8 14/8 15/8 17/8 19/8 21/8 22/8 (31/8) 27/8 29/8 30/8 2/9 J79 4/9 5/9 8/9 10/9 12/9723 words
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Advertisement796 1978-07-20 14 [C3sankyoline| AUSTRALIA SERVICE 4 P. Helen Stopper* Lm4m| tar DIAMOND STAR 21/22 July 23/24 July ADEL. MEL, SYD. YUEMAN 27/79 July 30/31 July DUN, MIS. SYO. MEL. MAY SKY 30/30 July 31 W 1 Aui FREM MAYCARP 12/14 Ami 10/11 Au( BUS, SYO, MEL. BANGLADESH SERVICE MAY CARP 25/2 C796 words
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Advertisement552 1978-07-20 14 X 2. I mLAND U.S.A./ ASM SERVICE MTT KFRIGE RATED COMTMKI SCHICf SJULIWC EVOY tPWCSMT fW PORTS IN USA. CANADA. CAM MEAN. MfM, DOHA. TAIWAN HONG ROMG. TNAIUMO ANO PHILIPPINES VESSEL/VOYAGE CJULOfPONCE V 329 w* 25/21 i-hr 24 WORLD LION V 5 A uc 1/2 ki,3i WORLD TIGER V 6552 words
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Advertisement1093 1978-07-20 14 i I I Everett Lines Barm Five Star Slippwi Corp*. "BURMESE NATIONAL LINE" LOADING FOR RANGOON HTONEYWA 30 JULY B F.S.S.C Agents in Malaysia: TEPS MALAYSIA Port Ketang Tel (38) 7355 Penang Tel. *****/ ***** Compama Affcntiiu Da fcwpd— lattrc*MtiiiMiUl S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOAOING FOR OURBAN1,093 words
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Advertisement602 1978-07-20 14 c *>7 I \K I) I\ I W I \U WUNa m y Orient Overseas CtmicmeA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) wptuw nun. ion in port 21/7 CHcmiciaazEMf 27/7 a/i NKONS CONTAINER UN VI 6/1 MERCATOR 7W 11/ l IM OMENTAL CHIEF 1W 11/ l 11/t s602 words
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Page 15 Advertisements
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Advertisement1057 1978-07-20 15 ocT Overseas Containers Limited Htari Sport P. Itta| D'mark r««a l» A'»*rp Han* TMYR MY HMft 11 tct curruasHf samn fm k/cwtjiiemt aa* Vkm is sapt tssapt »s*pt at*pt uw i i«rt iti«t at*pt n stpt asut unit is*pt atnt as** J as** 11 Sapt 11 Sept Ml I kt1,057 words
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Advertisement748 1978-07-20 15 Ben Ocean A>ce< aamoe afflin Ime Jtonef Gfe* L«ie and NSIO AMERICAN PRESIDENT LINES rratr if J »IJ km v. MAERSK LINE liii m frriHi r ii ,,r..'T""«. l :'«'n.nari''.r 'i«'-n Vessel Sin P. Keianf Pen ion Ihliml MULDA MAERSK 20/ 7 25/ 7 11/1 Mo|<. Osa, N|o. Kfcb CLJUM748 words
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Advertisement668 1978-07-20 15 CUE BEN LINE WW l*¥»K My I 12 An MAn IS An 17 km >1 An mv uAnll An a him *J» it An ui XMat^niaimxia ft* I !M* 4 taK I tarl imk la** n II Snt II Snt 11 Sr« (17 So*) I Sapt n< lllnl KtaK lltut668 words
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Advertisement990 1978-07-20 15 Scan Dutch CONTINENT/SCANDINAVIA t**tl <nm P. Ulna «iml UMHI ai 1 HI MUT lANCESCA IV 1 UUMIt IV Ml MJINA a/ I TITAIU Ivn b MsaiHts a ta X WX| art m j 1/1 11/ iv iv ii' m i H/ UND FROM MED/UK/ in: ia: h i»: i: fTTT990 words
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Advertisement657 1978-07-20 15 GUTHRIE BOUSTEAD SS/s THE BANK LINE LTD lmk nt Itl afuca TITUM (MMntiH. «t»»iO«. CtPttOWK) M. I.U P.C., P blKt am M S'pwi 11/ M M P. MUlf s 4/1 km express soviet mect fim simapwe t» m nleanl mmu, mhm. mlvextm. AM Itflß PMTS. P- KaMai Pnmi US Mt657 words
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Page 16 Advertisements
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Advertisement740 1978-07-20 16 K LINE KAWASAKI KISEN KAISHA. ITD ——WWiiBBiW (VIA SKZ) kT Cwhhwr Yaoth S oort P. He lan g L.Hawe H'brt Bremen R'dom A'wtrp NEPTiME pearl iiw la Part 21 My 'ig mmjamam vMy »My i» *t J*** «J* B 188 CONTAINERIIV Stal I 27 M» 21 *1 »**'J MERCATOR 7W740 words
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Advertisement1059 1978-07-20 16 E. C.-B.S. A. ATLARTIC/6RLF SERVICE utEPim mjta cwums ma run r. uum. khm L«4>n Hr. MRfRU. NEW TOW. RALTII Smgaaon m* num. imstm p. KtiMt a*iaw*« i E.C.f GREAT LAKES SERVICE Lta*n tar: NMU. NCW Tin, MONTREAL. TRRRNTR. IMTWU. IPTttfT, CSICARR. B»ninj Belawan P 'clang Singapore "S.*. WEST UNtU" (NRIA1,059 words
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Advertisement947 1978-07-20 16 NEPTUNE ORIENT UNES LTD •FULLY CONTAINEUSID SMVICES: td mm ivu sks* Sport f.Helwi Skafaptoe H fenrc Brea SEPTUME nun. li Part II M| lA* "J* "J* chevalier Roat »*y «*t ma* m t.ONMONC CONTAINER S Aa| I Aaf 23 Aa| MRCATM 11 A* 12 M| »Mj |g ORIENTAL CHIEF II947 words
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Advertisement560 1978-07-20 16 MALAYSIAN INTERNATIONAL SHIPPING TTffl VTfflTflU 111 EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA iela«f VMttl S potr n M«nlle< X Hbvrg 4) Gfturi 'tmiUi (mm cap far liiMt via l>n. EAST MM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf Mam f Kt inf Prnanf Laa*af far: BUNCA Mil a/1 Aac 1/ I560 words
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Advertisement645 1978-07-20 16 INTRASEA (PTE) LTD RESMAR INKPtMENT SEW/mi CMTA.'NQ SERVICE T| EMn S port P. Ul*«c Pt«»n umi fan 'AMBEBM WBI7 (CHtr. *Ip) I An H byr|, I'Mm/JlMrf' M'ltilktl JtC* (U K.) til BBAMIAM WBI3 BM| a JdT M-borj. RM* B<Wlor«t. MMASIA nu I An 1 I Ml R'<M/H'tar|/A*\nr». 'Actapt of Tkrwft645 words
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