The Business Times, 21 July 1978

Microfilm: NL9760
Total Pages: 18
1 18 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, JULY 21, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon Methanol plant
      59 1 AFP JAKARTA, Thurs. The Indonesian governtoday announced a plan to construct a US$2OO million (Ss46o million) factory capable of producing 400,000 tonnes of chemical grade methanol In Bunyu Island, off East Kalimantan. The plant, to be operational by 1981, Is Ideally located to provide feedstock to a growing
      AFP  -  59 words
    • Article
      Lock icon Bangkok port jam
      75 1 Reuter BANGKOK, Thurs. Congestion Is still a big problem at Bangkok port, despite the opening of the east quay extension in May, chairman of Bangkok Shipowners and Agents Association (BSAA), K.T. Khor said. He told the association's annual meeting that In the first five months of this
      Reuter  -  75 words
    • Article
      Lock icon Pipped at the post
      74 1 Reuter. KUALA LUMPUR, Thurs. Malaysia today called for concerted measures against what it regarded as Infringement of postal monopoly of countries by courier firms operating all over the world. A paper presented to the fourth conference of Commonwealth postal administration said these international courier firms had
      Reuter.  -  74 words
    • Article
      Lock icon EEC output
      72 1 Reuter. BRUSSELS, Thurs. The Common Market should achieve a gradual increase in industrial output In the next few months, Judging by a modest but sustained improvement in the climate of business opinion, the EEC Commission said today. In its latest assessment of the Community's economic situation, the Commission
      Reuter.  -  72 words
    • Article
      Dutch offer to Asean
      55 1 KUALA LUMPUR, Thurs. The Netherlands Government has made an attractive offer to Asean countries to site the proposed Asean Promotion Centre in Rotterdam. The offer for the joint promotion office, which will be the first of its kind in the world, came from -the Chamber of
      55 words
    • Article
      Lock icon World Bank bond
      71 1 Reuter. FRANKFURT, Thurs. The World Bank is floating a two-tranche Eurobond totalling 400 m llion marks (***** million), Deutsche Bank AO said as lead manager. The first 200 million tranche has a life of six years and 5 per cent coupon, while the second 200 million tranche
      Reuter.  -  71 words
    • Article
      Lock icon Pinned down
      65 1 UPI WASHINGTON, Thurs. In a landmark unanimous decision, the US International Trade Commission decided today to recommend to President Carter that some restrictions be placed on clothes pins imported to the United States from China. The commission also ruled that imports from two other communist countries, Poland and
      UPI  -  65 words
    • Article
      Lock icon Dow Jones
      61 1 UPI. NEW YORK, Thurs. Stocks headed sharply and broadly higher early today in response to strong second-quarter earnings reports and speculation that pressures were easing on interest rates. Trading was active. The Dow Jones Industrial average was ahead 4.24 points to 844.95 around 1500 GMT. Advances led declines,
      UPI.  -  61 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      134 1 Rises H Giiflllan 320 Ayer Hi bun Tin 1030 Guinneaa MO Troooh Mhiet 850 Gentinn 318 P M R I 290 BAT 193 MBS 290 Spore Land 182 NuyugPrtw 318 M Cement 298 T«mnu Dev 184 14 +10 10 10 10 +8 +8 +8 +5 +4 +4
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    • Article, Illustration
      In Kuala Lumpur
      173 1 Rises Most active Hong Kong (Tln)l 1.50 +2.20 Sim Llm 618,000 Sg Best 6.25 .15 Haw Par 568,000 B A Tobacco 1.99 .14 Oentlng 383,000 Austral Ent 300 .10 S. Darby 351,000 Tasek 3.18 .08 Total Turnover: 4.51 m Gen ting 3.26 .08 Total Value: MS10.38 m
      173 words
  • Article, Illustration
    Big local banks flex loan muscle
    679 1  -  GOING SOLO ON $50M By SOH TIANG KENG SINGAPORE banks, egged on by strong competition from foreign banks, are preparing to shoulder greater risks by giving loans of up to Ss4o million or even (50 million. Such amounts were unthinkable 10 years ago. In
    679 words
  • Article
    Lock icon MODIFIED SMR IN OPERATION
    168 1 Reuter MODIFICATIONS to the Standard Malaysian Rubber (SMR) scheme will be introduced resulting in rubbers with consistent properties and uniform processing characteristics. Malaysia's Minister for Primary Industries, Datuk Amar Haji Talb said this at a recent press conference in Kuala Lumpur., According to a statement released
    Reuter  -  168 words
  • Article
    Genting 'yes' to Harcros' offer for HME
    700 1 By Our Reporter STOCK MARKET rumours that Slme Darby's next move In the long-drawn-out saga of its Far Eastern aggrandisement will be the acquisition of Gentlng's stake In Harrisons Malaysian Estates are far. off the mark,. The Oentlng stake which looked crucial to
    700 words
  • Article
    Lock icon COMBINED DEFICIT
    55 1 AP THE International Monetary Fund said today that both the exports and import* of industrialized countries declined in April in terms of U8 dollars. Tula reflected some seasonal factors following a pronounced surge in March, the fond ssid. J? Mdi vssu billion (80g billion) in April compared with
    AP  -  55 words
  • Article
    Citicorp directors to meet here in October
    237 1 THE BOARD of director* of Citicorp will meet in Singapore during the last week of October before adjourning to Jakarta and thence to Hongkong. Citicorp is the holding company of Citibank, the world's second largest banking organisation. The meeting here will be Citicorp's
    237 words
  • Article
    Garment firm reaps EEC quota benefits
    382 1  -  By FONG MEW LENG A SINGAPORE garment company has set up a factory in Indonesia to take advantage of the liberal treatment accorded its exports by the US and the EEC. The company, Interland Holding and .Investment, set up the first Singapore garment plant
    382 words
  • Article
    Lock icon Jakarta introduces duty-free measure
    93 1 AP. IN A move to boost exports, the Indonesian government yesterday decided to exempt goods exported through customs bonded warehouses from duty. The country has two bonded warehouses, at the Jakarta harbour of Tanjung Priok and on Batam. 19 km south of Singapore. After a meeting
    AP.  -  93 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      6 1 COPIES ANYTHING. FITS ON A TABLE-TOP.
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      145 1 ACBC Your key to International Trade Y «i \\x m VV V r iP* i V>. J! m If s our business is import/export and the world is y our market,, you'll need the service-, of a bank with the interna tional capability to handle vour business dealings efficiently and
      145 words
    • Advertisement
      Page 1 Advertisements Column 3
      87 1 SHIPPING TIMES QUALITY will' have lo be electronic industry's hallmark 2 AIRLINES must come to terms with stable faree 5 WHY Bank Negara reprieves Malaysian banks 8 PLACES where you can afford to take a gamble 9 FORUM with John Drysdale 9 FATE of Sungei Kinta Tin 13 GOOD going
      87 words
    • Advertisement
      Page 1 Advertisements Column 4
      153 1 SINTAT Rent-a-Car Singapore: *****55, *****5 (Airport) Kuolo Lumpur: *****4 Panong: ***** Kuonton: ***** Leader.. Page 8 U-BIX The Complete Copying System Makes Perfect Impressions u-Bixisoo U-BIX 1500 High speed copying at 15 copies per minute. Push button selection of two different paper sizes. Copies from bulky book, bound volumes and
      153 words
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  • TRADE AND INDUSTRY
    • Article
      Quality must be watchword of electronics
      819 2  -  By RONNIE LIM THE SURVIVAL of Singapore's electronics Industry will depend on how manufacturers upgrade their products and diversify their markets. The Industry's Investment ratio against the total manufacturing Investment msingapore has fallen from 34 per cent In 1976 to 23 per cent last
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    • Article, Illustration
      Companies should make full use of ITB courses
      217 2 FIRMS in the electronic* and supporting industries should take advantage of Industrial Training Board courses to improve the «kill« of their workers and consequently the quality of their products. For in the long run, quality products will sell better. Speaking at the
      217 words
    • Article
      Lock icon Quota cuts by EEC sent HK spinners reeling
      274 2 AFP THE EUROPEAN Economic Community's severe cutbacks on Hongkong's cotton fabric quotas will eventually deal a heavy blow to Hongkong's spinning and weaving Industry, The Hongkortg-based magazine, Textile Asia, asserts that the cutbacks should have been beneficial to the EEC's domestic industry,
      AFP  -  274 words
    • Article
      Taiwan's trade expected to slow in second half
      282 2 TAIWAN'S foreign trade, which Jumped 34.3 per cent for exports and 22 per cent for imports in the first half of this year, will advance at a slower pace in the second half. A recent survey conducted by China Investment and Trust
      282 words
    • Article
      Top Mitsubishi execs at advertising talks
      106 2 THREE lop executive* of Mitsubishi Motors Corporation are in Singapore for the company's first Asian Advertising meeting today and tomorrow. They are Mr. K. Koutaka (group manager, Asia), Mr. T. Anzai (regional manager, Asia) and Mr. K. Makino (project manager, international business planning office).
      106 words
    • Article
      Lock icon Superstrain rice
      120 2 Reuter. A NEW proteln-rlch "superstrain" rice variety will soon be introduced by the International Rice Research Institute. The official Philippine News Agency reported yesterday that initial analysis at the institute showed the new strain had a protein content of between 12 and 14 per cent, comparable to the
      Reuter.  -  120 words
    • Article
      MANAGING YOUR PERSONAL FINANCES
      167 2 PROFESSIONALS will be taught how best to manage their persona lflnances during a flve-cTfcy course starting on July 31. Organised by the Singapore Professional Centre the Grsonal finance course, sting two hours each evening, will be conducted at the Holiday Inn. Prominent speakers will advise participants
      167 words
    • Article
      Crucial weeks ahead for palm refiners
      468 2 A CRUCIAL point has been reached in the protracted negotiations by Malaysian palm oil refiners for a more favourable and equitable ?»rlce for crude oU supplied rom Malaysian producers. The refiners are hopeful that the current Impasse, with domestic prices at times fetching MI2OO
      468 words
    • Article
      Sumatran oil flow
      42 2 TEXACO Inc said the Benua No. 1 well In Sumatra flowed out'a total of 4,944 barrels of 42 degree API gravity oil during three Intervals. The company and Standard OH of California are Joint production sharing contractors for Pertamlna.
      42 words
    • Article
      MEMO PAD
      369 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, Consulasla
      369 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      131 2 Change for the Better 1 1 r J To be more precise a better change. With the Mazda 323 three speed automatic transmission you won't miss the change. Designed to give high flexibility the Mazda 323 three speed automatic gives smooth and powerful performance in any kind of traffic or
      131 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      598 2 I -non crossword I CRYPTIC PUZZLE ACROSS 1 Brief spell going south with the wrong maps (5) 6 Each way. emphatically (5) 9 A choice tool (7) 10 She makes a little girl an artist (5) 11 Medium machine (5) 12 Pork for the pot (5) 13 Throw a scare,
      598 words
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  • OVERSEAS
    • Article
      Germany may raise VAT next year
      342 3 THE BONN government Is considering proposing a rise In value added tax (VAT) next year to help finance planned economic stimulus measures, sources said. At the Bonn summit, Germany pledged to propose measures to Parliament by end-August which would have a total volume of
      342 words
    • Article, Illustration
      Lock icon BEEP BEEP... ... BEEP
      141 3 BEEP BEEP... BEEP UPI. GLOBAL demand for international satellite communications will more than double during the next four years says the International Telecommunications Satellite Organisation (Intelsat). Figures released in Washington from a meeting of specialists representing 93 nations or communications groups showed that satellite communications requirements will increase from the
      UPI.  -  141 words
    • Article
      Lock icon American housing starts on upswing
      939 3 Reuter, AP. NEW house-building in the United States, regarded as an indicator of economic health, increased last month and should continue strongly through the autumn. The Commerce Department said the number of new homes started by US builders rose 0.9 per cent In June to
      Reuter,; AP.  -  939 words
    • Article
      Italy's IMF loan request
      49 3 A LETTER of Intent for Italy's request of US$l billion (552.3 billion) from the International Monetary Fund could not be signed before November at the earliest, Rome official sources said. They were commenting after an IMF mission ended an 18-day review of the country's economy.'
      49 words
    • Article
      New capital gains tax proposed
      165 3 US Treasury Secretary Michael Blumenthal it proposing a new capital gains tax plan in an effort to head off a S ll on the on Property Mies. j mei, thal briefed House Speaker Thomas O Neill and some members of the House Ways and Means
      165 words
    • Article
      Average earnings of British worker higher
      278 3 UK AVERAGE worker earnings rose 12.5 per cent in the year to May, up from 12.4 per cent In the year-ago period. Department of Employment figures show. A 1.7 per cent rise In May over April contains about 0.5 per cent for backpay, government
      278 words
    • Article
      Dutch deficit narrows
      67 3 HOLLAND'S visible trade deficit fell to a provisional 417 million guilders (about Ss4lB million) In May from 668 million in April and 453 million in May last year. Central Statistics Office figures show Imports in May were 9.55 billion guilders, compared with 9.63 billion In April and
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    • WORLD IN BRIEF
      • Article
        RAISING U.S. DEBT LIMIT
        504 3 THE US House of Representatives passed and sent to the Senate legislation raising the national debt celling by US$46 billion to MlUon (by Sslo6 billion to 1,835 billion). The current $752 billion debt celling will drop on July 31 to $400 billion unless It Is raised.
        504 words
    • Article
      US wants gold role in money plan clarified
      784 3 THE- US government wants clarification of gold's role in the proposed European monetary system, official German sources revealed. /The Amerlqaris do not want the metal to assume a monetary role as it did in the Gold Standard days, and are therefore interested
      784 words
    • Article
      Hopes of US rates peaking firm bonds
      210 3 STRAIGHT Eurodollar bonds continued to firm over the past week as dealers think that US interest rates are reaching a peak. This view appeared further supported by a weakening in the dollar floating rate sector, with issues at the longer end of the
      210 words
    • Article
      Lock icon OIL DEALS WITH CHINA?
      739 3 NYT, AFP. FOUR American oil companies have entered into direct talks with China over the establishment of drilling operations off the Chinese mainland. Government officials said the move has received support from the Carter administration. The new Interest In aiding China to exploit Its vast oil
      NYT,; AFP.  -  739 words
    • Article
      Lock icon Pipelines to carry coal voted out
      155 3 Reuter THE US House of Representatives on Wednesday defeated by a 246-161 vote a controversial legislation that would have eased the way for construction of pipelines to carry coal. Advocates of the pipelines to carry what is called coal slurry to electrical power plants
      Reuter  -  155 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      168 3 \tehavea history of making our depositors' savings grow 1 The history of Lombard North Centra) goes back more than 100 years. So it's really no sur- prise that our steady growth has made us an im- 'i portant name in British banking and finance. Individuals and institutions the world over
      168 words
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      Page 3 Advertisements Column 2
      156 3 SEE PAGE 9 f#7 < v' e& ?y Sr <*?; -V '-f. vi View of Yihoyuen Summer Palace in winter fcls# a *> s K Kfl 40 TSINGTAO the No.l beer in China Tsingtao beer. Brewed from the mineral waters from Mount Laoshan in China. During the Chin and Han
      156 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      424 4 OPENINO prices here yesterday were marked down slightly but values later gained some ground on speculative buying. Towards noon, the market eased slightly on freer offerings of forwards, notably January-March 1970, In light trading conditions. The morning session closed slightly lower with August One RSS buyers
      424 words
    • Article
      Closing prices
      31 4 Rubber: July 20 Singapore: August 228.50 cents (down 0.75 cent) Malaysia: August 233.75 cents (down 0.25 cent) Tin: M 51.720 (up $4) Official offering: 195 tonnes (down 12_ tonnes)
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    • Article
      RAS PRICES
      317 4 Prices tn cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.8.S. prompt f o b. Int. 1 R.S.S August Int. 1 R.S.S. September Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. S R.S.S. UK/Cont Buyers 229.50 229 50 230.00
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    • Article
      SSR AND SMR
      91 4 NOON SSR and SMR prices yesterday: RAS July (Current Mth) Buyer* Seller* (ceata per kg) Aufuat (Forward IWt»> Buyer* Heller* MaaU par kg) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 211.00 209 00 213.00N 211.00N 212.00 210.00 214.00N 212.00N MRELB SMR5CV SMR5L SMR 5 SMR 10
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    • Article
      Sugar
      310 4 TERMINAL sugar in London yesterday recorded first-call gains of £1.10 to £0.60 per tonne although prices softened slightly in open trading due to steadier sterling. However, dealers said the overall rise provided a further technical upward adjustment against the recent decline to new contract lows. The sources said sentiment
      310 words
    • Article
      Rice
      115 4 THE Bangkok rice market was closed yesterday (Khao Phansa Day). In HONOKONO, the market was quiet with prices up to HK$l lower, dealers said. Turnover totalled 302 tonnes comprising Thais 98, Kwangtungs 118 and Australias 86. The only arrivals 650 tonnes of Kwangtungs. (Prices In HK dollars per plcul
      115 words
    • Article
      Produce exchange
      380 4 PRICES of commodities on, the Singapore produce market closed from steady to slightly easier yesterday. Pepper was weaker all round. Sarawak black and white were down by $2.50 plcul. Arrivals totalled tonnes. One of the factors currently affecting the peper prices is the revision of the dutiable export
      380 words
    • Article
      Hongkong Comex
      126 4 THE sugar market yesterday closed little changed from its previous closing, but ended at the day's low on commission-house selling in continued quiet trading. There were nine lots traded against five on Wednesday, while the Hongkong daily spot sugar price formed 0.13 to 6.30 cents. Sugar futures closing
      126 words
    • Article
      SPOT PRICES
      189 4 YARN and cotton In Hongkong dollars, spot ex-godown: CMoa Tan: China Blue Phoenix 20s 1.790: 32s 2.200; 40s 2.300 (per bale or 400 lbs). Pin* CssJs: China Butterfly and Olobe Brand unq. Dragon Head una. Five Lamb* una. Flower and Butterfly unq. Flying Oeeae unq (per piece M
      189 words
    • Article
      Coffee
      348 4 ROBUSTA futures In London yesterday ended the opening call steady c 22 to £7 per tonne up from Wednesday. Turnover was 657 lots which was boosted by around 410 lots of cross trades. September gained £22 at L' 1,259 having traded within a high-low range of £1,265 to C
      348 words
    • Article
      Palm oil
      85 4 C.I.F. North European ports. In US doiars per tonne unless otherwise LONDON: rmleas Malaysian 5* (fa bulk per tonne September Ml sir Ml sir S89 sir MS air Sumatra 5H f fa bulk July August September October November •December unch •30 pd MO pd SOS sir unch unch
      85 words
    • Article
      Duty rates
      95 4 THE Malaysian Minister of Finance has fixed these rates for the period from yesterday until further notlfce: Wubter at 234 cent* a kilo Copra at MOTS 35 a ton. Pua keraei at MSS.73 a ton. Wkiu I. *3.330 05 a ton. Black 13,170 19 a ton The rates
      95 words
    • Article
      Straits tin
      301 4 THE STRATTB tin price in Penang yesterday rose Ms 4 picul to $1,720 per ptcul, $20 above the new International Tin Agreement celling. Despite sharply lower London advices, the rise was prompted by strong buying demand from Japan, ana some support from Eastern Europe and the US as
      301 words
    • Article
      Cocoa
      320 4 COCOA futures In London yesterday closed the first call £9.50 per tonne down from Wednesday night in spot July to £=9.50 up. The market had initially traded £14 lower against New York, generally as expected. However, prices rallied during the call and proceeded to harden In open trading, supported
      320 words
    • Article
      Soybean
      209 4 CHICAGO soybean futures on Wednesday rallied from initial losses to close at or near the day's highs with advances of 2-1/4 to 7-1/2 US cents a bushel. Noting that the market may have been oversold, many traders said soybeans were due for a technical correction after declines in tile
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    • Article
      Wheat
      99 4 WHEAT futures retained most of the upward momentum to close 3% cents to one US cents a bushel higher In Chicago on Wednesday. Local short-covering and moderate commissionhouse buying lifted prices late in the session, but the gains were pared on scattered commercial prehedge pressure, traders said. The September
      99 words
    • Article
      Copper
      295 4 COPPER wire bars finished mostly £0.5 per tonne higher In London yesterday. Trade sources attributed the steadiness to covering and trade buying which they said may have been partly against overnight US and Japanese demand. But there was some caution evident following Wednesday's close to US futures which was
      295 words
    • Article
      Silver
      245 4 THE Hongkong silver market closed HK$2.2O higher in continued dull trading, with turnover estimated at 10,000 ounces. Dealers said the local close was equivalent to 5.2934 US cents, higher than Wednesday's New York July close of 5.2600 cents. Fixing price firmed HK$2 to HK5246.50. On Wednesday, silver on the
      245 words
    • Article
      Gold
      353 4 THE KILOBAR In Singapore yesterday opened at §$13,953 and closed at $13,964. Prices generally rose and were highest at $13,964 and lowest at $13,923. Spot gold for London delivery opened at U*****.20/50 and closed at $187.45/70. Trading was brisk in the morning Dut the afternoon saw a relatively quiet
      353 words
    • Article
      Zinc
      65 4 ZINC at the end of the morning ring was £0.75 per tonne up for cash and £0.50 higher for Three Months in London yesterday. The market held steady throughout the morning aided by the trend in copper with bear covering pushing Three Months from £312 on the pre-market up
      65 words
    • Article
      Lead
      89 4 LEAD ended the morning ring £0.50 up for cash ana £0.75 per tonne higher for Three Months In London yesterday. Prices steadied on the pre-market In line with the trend In copper and Three Months traded up to £312 per tonne. Dealers said the buying was mainly bear covering,
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        452 4 THE US dollar yesterday was traded thinly on foreign exchange markets as dealers remained cautious. It opened at 201.70/80 against the yen to close in Tokyo higher at 202.05/10. The currency, however eased back to 201.90/00 when London opened. Against the deutschemark, Interest In the dollar was also
        452 words
      • Article
        Asian $ & CD rates
        204 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 20: 7di 1 m 2 IT 3 m 6 m 9m n 1 or 3 or 6 12 iy a tr it it tr nt itt tt U t 81/16 7 8 1/4 1 is B7/16 is
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      • Article
        Discount
        38 4 RANGE of price* offreed by discount houses on July 20: Overnight 2* to 3** Call deposits Js»l^to^JVS 3-month Treasurey bills 3H JVfc J* 3-month Bank bUls 5S S<* 3-month CD 6-month CD Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 HIE average rate at which Singapore banks axe currently prepared to lend to their beat customers ie 7 per cent.
        21 words
      • Article
        Tokyo
        154 4 THE US dollar for overnight delivery yesterday closed slightly higher at 202.05 yen, compared with a 201.00 opening and >01.95 at Wednesday's close, dealers said. The dollar steadied In moderate late trading on import covering by Japanese traders ana buying by Japanese banks to adjust positions after Initial easiness
        154 words
      • Article
        London
        320 4 STERLING yesterday opened nearly one US cent higher on overnight levels, although below its New York close, while the dollar was quoted slightly lower against major currencies. Trading was moderate. Dealers said sterling was, on Wednesday, underpinned by commercial demand from New York with British banks less active owing
        320 words
      • Article
        New York
        265 4 THE dollar closed weaker against major currencies In fairly quiet, thin trading on Wednesday. Dealers said the US unit was particularly weak against sterling, which gained about one cent on the day to close at U551,8970/80, compared with 1.8880/ 90 at the opening and 1.8890/ 8905 overnight. They
        265 words
      • Article
        Hongkong
        128 4 IN QUIET trading, the US dollar yesterday closed firmer on position-squar-ing. The dollar rose to 202.05/15 yen from New York's 201.33/43 close and its 201.50/70 opening here after fluctuating narrowly throughout the day, and to 2.0605/12 marks against 2.0565/75 In the US and Its opening 2.0560/80 with dealers noting
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      • Article
        Euro $ rates
        82 4 Euro rates PERIOD Eurodollar deposit rates opened slightly lower while shortdates held steady in quiet trading In London yesterday. Periods were adjusted between 7/16 and 1/8 point higher after Wednesday's technical mark down but shed 1/10 point as funds came on offer, they added. One and Three Months traded at
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      • Article
        Australia/NZ
        45 4 AUSTRALIA and New Zealand exchanges on July 20: ADSTRAL1A: US dollar 1.1403A1.1445 Surttng 0.0011/ 0 8010 Ninety-day airmail buylnCraUa: UlTdol&r UMB4 buying rata*. OOdoilar'l.1431 NEW ZEALAND 8terttnc 0.0407/ 0*407 US douar 1 0443/ 1.0)43 Ninety-day airmail buyinc rates: Sterling 0 57*7 US dollar 1.0741
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      • Article
        Zurich
        51 4 ZURICH (Kbtnni r )otip> quotes on July 19: us i.am-«i«3 SIC 3.43W-4414 Cta l«ltl-eiK D Mk M MH-SM1 D PI II 7W-1M7 P Tr 40 7W1-21M B Tt I.MMM D/Kr 32-4129 MM Kr 33 90»-«3«7 8 Kr 29.9979-9979 LM 9.2147-2149 Ausactl 12.2424-29S3 Port 3.9914-9823 Sp*ln 2.2459-3472 Arc 9.22-22 Ten
        51 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      140 4 MITSUI TRUST Beacon of Progress iMk Now at Shenton Way The Only Japanese Trust Bank Office in Singapore. Wt arc Japan's oldest trust bank and command a key position in tha Mitsui Group. Our services ara worldwide in scope. We have tha rasaarch capability, a worldwide network and tha best
      140 words
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  • TRANSPORT
    • Article
      Lock icon UK shipping body seeks easier loan guarantees
      445 5 Reuter THE GENERAL Council of British Shipping said it may be In the interest of Britain to relax the conditions under which the British government extends guarantees on loans to British shipowners. In Its British Shipping Review the council noted that the government
      Reuter  -  445 words
    • Article
      Lock icon Northwest strike nears settlement
      150 5 AP. A US Federal mediator expects settlement In the 11-week-old Northwest Airlines strike by the end of this week, but a spokesman for the striking pilots disagrees. Mediator Joe Smith said last Tuesday's negotiations brought the two sides very close to a settlement. The pilots union
      AP.  -  150 words
    • Article
      Lock icon Surcharges at Bombay
      41 5 Reuter. SEVERAL shipping conferences have decided to levy a congestion surcharge on Bombay port. The India-Sri Lanka-Burma-Bangladesh Shipping Conference and' the Indla-Paklstan-Blangladesh Middle East Shipping Conference will levy a 30 per cent surcharge each from next week. Reuter.
      Reuter.  -  41 words
    • Article, Illustration
      SHIPS IN PORT
      455 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Haven (0830 after King Pearl) 23/24 Kelyo Maru (0830 after Bunga Seta war) 19 Lanshan (after Kelyo Maru) 10 Luna Maersk (after Kuwait Horizon) 44 Nedlloyd Adelaide (reberths after Straat Fushlml) 3/4 Pacific Pride (after Makhtum Kull) 38/39 Tennessee Maru (after
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    • Article, Illustration
      PIA SETS SIGHTS ON AFRICA
      147 5 PAKISTAN International Airlines will start a weekly passenger service between Karachi and Kanu, Nigeria via Jeddah at the end of this month. The flight, in collaboration with Saudi Air, will use a Boeing 707 to cater mainly for the growing ethnic traffic between Africa and
      147 words
    • Article, Illustration
      Airfare stability crucial for industry
      709 5  -  DANGERS OF UNDERCUTTING By TERESA LIM THE AIRLINE Industry In Singapore is highly competitive and excess capacity has resulted In much price under-cutting. But In this market, Che Orient Airlines Association has been a tremendous advantage in stabilising fares. Its next step will be to
      709 words
    • Article
      Lock icon Post mortem of a mismanaged national airline
      296 5 Reuter. SRI Lanka's national airline, whose international services have been suspended and which owes more than US$6 million (5513.8 million), suffered maladministration unparalelled by any other alrllne in the world, a presidential commission said in Its Interim report published In Colombo. The three-man
      Reuter.  -  296 words
    • Article
      Lock icon London freight market
      219 5 UPI. OVERALL chartering remained very drab and the state of current enquiries raised little hope of early Improvement. Even the time-charter section took on a subdued nature, and Far East bookings shrank to Just one charter. This Involved Mexican account TMM who paid U553,725 (558.567) a day
      UPI.  -  219 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      753 5 ARRIVALS 8tvle« Loca 1 Operator Number TIOM Prom PAA PA005 0115 SFO/HKG MAS MH0OI 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN OIA OA 980
      753 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      18 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Coll us for vour local or onward reservations -;i.T &`!$<~&'^(^)="^\.<~+=":]"/!|;<~
      18 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Paris eases in thin trade
      396 6 EUROPEAN MARKETS THE PARIS market eased In thin trading on Wednesday as the bourse entered a consolidation phase ahead of the end of the accounting month. Banks were generally Irregular, while constructions and foods were weaker. Stores and electrical* were the worst affected. Creusot-Loire eased
      396 words
    • Article
      Paris
      262 6 JULY It Frs CORBKILLE Alr-Llqulde BSlf Gervals Danone C8F( Thomson C»f) CleFrancalse des Petroles Compagnle Ftnanclere Compagnie Oeneraie Credit Fonder De France Hachette (Llbralrle) Machines Bull Mlchelln (B) Paiibas Pechlney Clglne Kuhlmann Peugeot' Philips (Nv Oem BeHt) Prtntemps S A Rhone-Poulence SA Royal Dutch SueKCle Flnan De) Thomson-Brandt Uslnor
      262 words
    • Article
      Brussels
      91 6 JULY 19 Frs FORWARD MARKET^ Acec 312 +2 Arbed 2400 Astur 580 -16 Brascan 467 -8 Bru-Lamb 1540 -10 Canpac 568 +4 Cock 442 -8 De Beers 197 +2 Ebes 2250 Electrobel 6600 -60 Ob-Inno-Bm 2245 15 Gev 1308 -2 Hobok 2355 -20 Petro 3750 -45 Ryl Dutch 1975
      91 words
    • Article
      Amsterdam
      189 6 JULY It Fls ABN Ahold Akzo AMEV Amfas Amrot Bank Bergoss Berk Bols BorsumlJ Burhmann Byenkorf Calve Delft Dell M1J Ennla Fokker Ford Gamma Oelder Qtstbroc Oobatn Hagemeyer Hetneken Holland-Am Hoogovenj Hundou 383.00 103.50 29.20 82 80 100.00 70.10 51.00 90.20 72.80 158.00 70.00 92.70 172.00 131.80 133.50 31.90
      189 words
    • Article
      Frankfurt
      212 6 JULY It Dm Aef-Telefunken 80 00 ♦0.7 Akzo 27 >0.1 A1U Leben 690 10 A112 Vers 478.50 ♦3.5 BASF 132.50 +0.2 Bay H T Wbank 200 50B 1 Bay Vbank 324B 1 Bayer 134.50 1 BBC 315 +3 BMW 253 00 ♦3 Cassella 302 ♦3 Chem Verw 268.50 +0
      212 words
    • Article
      Zurich
      175 6 JULY l» Francs Actions Sulsaes Alusulsse Br. Alusulsse Rec. Brown Boverl Br ClbaQelgy Br CibaOeigy PC Clba Oelgy Rec Credit Suisse Br Credit Suisse Ref Deli trow alt Br Oeorfe Fischer Br 265 1250 518 1850 1110 am 587 2188 411 1800 875 420 unch -10 ♦5 unch -10
      175 words
    • Article
      Milan
      98 6 JULY 1* UiV Anlc 98 ♦2 Assoc Oen *****xd +270 Bastogi ♦46 +8 Centrale 3745 137 Flat 1741 20 Flnsider 135 75 ♦8.75 Oen Immob 71 50 1.5 IFI Prl 22S8 +63 Italcementl ***** +90 I taigas S33xd -70 5 Italstder 256 75 ♦20 Magnetl M Pf 501 +6
      98 words
    • Article
      Jo'burg
      256 6 OOLD SHARES continued firmer towards the clooe on Wedneednr In line with the higher button price and aided b» favourable sentiment on the US gold auction reeults and quarterly producer reeahs. Mining ftnandals followed the producer trend, showing jMm of up to IS cents. De Beers traded at the
      256 words
    • Article
      Selected indices
      62 6 FINANCIAL TIMES INDUSTRIALS Wednesday 407.7 Tuesday 472.4 Week Ago 473.3 DOW JONE8 AVERAGE INDUSTRIALS Wednesday 840 70 Tuesday 829.00 Week Afo 824.93 LONDON DOLLAR PREMIUM Wednesday 107 to 107W Tuesday 106* to 108H H.K. HANG SENG Thursday 554.94 Wednesday 550.97 Week Ago 505.09 SYDNEY INDUSTRIALS Thursday 427.01 427.34
      62 words
    • Article
      KODAK HELPS ADVANCE
      1096 6 NEW YORK QAINB BT airline lssuee on bullish earnings reports on Wedneeday helped carry the whole market broadly higher In fairly active trading. Analysts said strength in Bastman Kodak, which reported higher second quarter earnings, also contributed to higher prices, as did continuing strong corporate profit reports
      1,096 words
    • Article
      Toronto
      222 6 JULY I* O Abltlbl 1414 A lean 32 K Alfoma 22K -K Bank Mont 23'% Bank Nor* Seoul 21 unch Bell Tel 97* K Beth Corp BP Can Ltd 18K K Braacan 16 unch Camp Red Lake 37 K Can Imp Bk 28* unch Canpac IK K Canpac In*
      222 words
    • Article
      Lock icon Share prices firm
      548 6 TOKYO Source: DBS-Daiwa THK market opened firm yesterday, centring on me-dlum-and low-priced incen-tive-backed lttuee including chemical and food lesuee, but It tort alight ground near the doee due to profit-taking by Institutional investors. Turnover was heavy and estimated at 310 million shares, up from 340 million on
      Source: DBS-Daiwa  -  548 words
    • Article
      Lock icon Hongkong
      390 6 Source: SHK Sec REPEATING itself yet again yesterday the market opened smartly better this morning but failed to follow through, leaving prices lower by lunch time. The news that China was allowing HK residents to repossess their homes along the border, which had been confiscated during the Cultural Revolution,
      Source: SHK Sec  -  390 words
    • Article
      Bangkok
      12 6 THE BANGKOK market wai closed yesterday for the Buddhist Lent holiday.
      12 words
    • Article
      Sydney
      267 6 THE market was dull, although uraniums firmed In late trading. Dealers said Pancontlnental mined 25 to 14.50, Queensland Mines 15 to 2.65 and Kathleen five to 2.30, while Peko and Ex Industries were steady. Elsewhere among minings, Central Norseman gained 20 to 8.70 and Bougainville and Tobe River a
      267 words
    • Article
      Manila
      132 6 THE market closed mixed yesterday with commercials gaining slightly while minings and oils declined. Dealers said turnover row to 27.70 million pesos from Wednesday's 24.00 million. Weak copper prices pulled down mining Issues while pro-fit-taking depressed oils. JULY PMM AcoK Mining .012 +0.0 AtlaiCon A Attn Con. B. 20
      132 words
    • Article
      CHICAGO BOARD OPTIONS
      1645 6 July 19 VOLUME on the Chicago Board Options Exchange expanded to 165,790 contracts on Wednesday from Tuesday's OPTIONS JLY OCT JAN STOCK Alcoa 40 2 3/B 3 7/1 5 1/4 43 3/1 Alcoa 45 UNTRO 1 V10 UNTRD 43 3/1 Alcoa SO 1/3 UNTRO UNTRO 43 3/*
      1,645 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      173 6 OVERSEAS NETWORK v: m THE CHO-HEUNG BANK, LTD. Marks its Ist Anniversary in Singapore with AN 81-YEAR HEADSTART Today marks the first anniversary of the establishment of Cho-Heung Bank's Representative office in Singapore. Although we are only a year old, we are performing an increasingly important role in trade expansion
      173 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Republic Steel 41pc higher
      320 7 r < N AMERICAN h d Reuter REPUBLIC BTEEL Corporation aaJd its profit for the second quarter rose to U9191.M million or $1.94 per share, a gahr of 41 per cent from the $22.18 million, or $1.37 per share (luring last year's second quarter. Republic Steel,
      Reuter  -  320 words
    • Article
      Lock icon NEW BOEING OPTIONS
      36 7 Reuter. THE EUROPEAN Options Exchange said it will introduce new November and February series for Boeing Co, at US$6O, as from yesterday, following recent price movements on the New York Stock Exchange. Reuter.
      Reuter.  -  36 words
    • Article
      Discount fares give UAL a boost
      342 7 UAL INC, the parent company of United Airlines, reported from its headquarters In Chicago that Its profit for the second quarter more than tripled to U8907.9 million, or $3.93 per •hare, ftom $30.3 million, or $1.21 per share In the same period a year
      342 words
    • Article
      WHAT'S UP AT U.S. FIRMS
      192 7 ELI LILLY and Company, Indianapolis, a leader in the pharmaceutical field, posted a profit of US$7O.O million for the second quarter, up from last year's $55.2 million on sales of $444.5 million compared with $375 million. Six-month net rose to $149.0 million from $119.4 million,
      192 words
    • Article
      Lock icon Merrill Lynch surges 80pc
      168 7 NYT. MERRILL LYNCH and Company, the US largest brokerage firm, said its profit surged nearly 80 per cent In the second quarter, primarily because of the surge" that occured in the stock market this past spring. The company earned U5529.6 million, or 83 cents per share
      NYT.  -  168 words
    • Article
      Polaroid's second quarter peaks
      133 7 POLAROID Corporation, a leader In the photographic equipment and film field, reported a 28 per cent increase In Its second quarter profit to a record U5526.2 million, or 80 cents per share compared with $20.5 million, or 62 cents per share for the same period last
      133 words
    • Article
      Lock icon Std. Chartered offer
      155 7 Reuter. LONDON: Standard Chartered Bank Ltd said It plans to offer US$lOO million floating rate capital notes due August 1900 in the Eurobond market, bearing Interest at 1/4 per cent over si* months LiDor and subject to a 5-1/2 per cent minimum. It said the Issue will
      Reuter.  -  155 words
    • Article
      Lock icon Sonatrach raises dinars
      90 7 Reuter. PARIS: Sonatrach, the Algerian state oil and gas corporation, Is raising eight million Bahrain dinars for five years at 8-1/2 per cent through a bond Issue in the Bahrunl market, banking sources said. The agreement Includes possible renewal for a further five years under the same
      Reuter.  -  90 words
    • Article
      Lock icon All Nippon convertible
      76 7 BONDS LOANS L Reuter FRANKFURT: All Nippon Airways Co Ltd's 100 million mark convertible bond will carry a 3.5 per cent coupon and will have a 10-year maturity, Deutsche Bank AO said as co-lead manager. Holders will be able to convert bonds Into the company's ordinary shares
      Reuter  -  76 words
    • Article
      Lock icon Hitachi Sales placement
      65 7 Reuter. TOKYO: Hitachi Sales Corp said It has made a 30 million Swiss franc, five-year, 3.25 per cent convertible bond private placement with the Swiss Bank Corp, with payment to be completed by Aug 3. The bond Is priced at par and will be convertible at 494
      Reuter.  -  65 words
    • Article
      Lock icon Autopistas
      67 7 Reuter. GENEVA: The 40 million franc, 5.25 per cent, 10-year bond Issue floated here at 99.5 per cent by Autopistas Conceslonarla Espanola SA was oversubscribed, Sodltlc SA said. The bonds were not subject to the compulsory resident subscription quota as the loan contract was signed before the Introduction of
      Reuter.  -  67 words
    • Article
      Lock icon THORN COUPON
      88 7 Reuter. LONDON: The coupon on the US$25 million 10-year Thorn International Finance BV convertible Eurobond has been raised to 7 per cent from the originally indicated 6-3/4 E:r cent, syndicate leader ambros Bank Ltd said. The bonds, priced at par, are convertible from Nov 1, 1978 Into the
      Reuter.  -  88 words
    • Article
      Lock icon Tokyu Car
      75 7 Reuter. FRANKFURT: The 30 million mark convertible bond for Tokyu Car Corp will carry a 3-1/2 per cent coupon and has been priced at par, Berliner Handels Und Frankfurter Bank (BNF Bank) executive manager, Mr Wolfgang Oraebner, said. The bond has a conversion price of 460 yen per
      Reuter.  -  75 words
    • Article
      Lock icon Exchange resumes trading on Sankyo
      142 7 Reuter THE TOKYO STOCK exchange said it resumed trading In the shares of Sankyo Selkl Mfg Co Ltd following an official denial by Sankyo of market rumours concerning window dressing of its business report for the year ended last March 31. A Sankyo spokesman said
      Reuter  -  142 words
    • Article
      Lock icon CRA team due in China
      66 7 Reuter PEKING: A top level mission from Conzlnc Riotlnto Australia (CRA) is due in Peking early next month to discuss with the Chinese the various products the company produces. Informed sources said that as well as iron ore, CRA produces aluminium, lead, zinc, copper and
      Reuter  -  66 words
    • Article
      Lock icon MIM, ERS RAISE PRICES
      63 7 Reuter BRISBANE: Mount Isa Holdings Ltd (MIM) said it raised Its price for copper, wlrebar basis C.I.F. main Australian ports, to A 51,160 per tonne from 1,140, effective since yesterday. The Electrolytic Refining and Smelting Co of Australia Ltd said it also raised its ex-works port
      Reuter  -  63 words
    • Article
      Lock icon ESSO WELL
      31 7 Reuter. MELBOURNE: The Esso Exploration and Production Australia Inc/Broken Hill Pty Co Ltd (BHP) partnership spudded the sweep one well in the offshore Olppsland Basin on July 18. Reuter.
      Reuter.  -  31 words
    • Article
      Lock icon CSR PROFIT HINGES ON SUSTAINED GROWTH
      402 7 W < ASIAN Reuter SYDNEY: There are a few signs that Australian demand and economic growth may be picking up. However, economic conditions In both Australia and overseas are still far short of buoyant, CSR Ltd chairman Sir James Vernon said. CSR's performance will
      Reuter  -  402 words
    • Article
      Toyota sees higher sales
      176 7 TOKYO: Toyota Motor Co Ltd forecast its sales for fiscal 1977 ended June 30 will have reached 2.6 trillion yen, up from 2.20 trillion yen the previous fiscal year. A company spokesman said this Is also larger than the original forecast of 2.55 trillion. He said
      176 words
    • Article
      Lock icon Mitsubishi gets Saudi order
      74 7 Reuter TOKYO: Mitsubishi Electric Corp said It received a 6.4 billion yen order from Saudi Arabia to help modernise electric power transmission and transformer facilities in Riyadh/ The order, placed by the Riyadh Electric Co. was in addition to a 43.8 billion yen contract won by
      Reuter  -  74 words
    • Article
      Lock icon Siemens expects to maintain dividend
      780 7 EUROPEAN FT BERLIN: Siemens expects to maintain its dividend for the financial year ending Sept 30. but Is unlikely to raise It, the group's chairman, Mr. Bernhard Plettner, said on the basis of the first eight months' financial results. Siemens Is still expecting a 5
      FT  -  780 words
    • Article
      Lock icon GKN, ROSS WIN ABATTOIR DEAL
      103 7 AFP LONDON: Quest, Keen and Nettlefold's subsidiary, OKN Contractors, and the firm, Ross Poultry, have won a contract worth £21.5 million from the Iraqi Ministry of Agriculture and Agrarian Reform. The deal Is to design, supply, build and put Into operation some of the biggest
      AFP  -  103 words
    • Article
      Lock icon Bosch group hit
      373 7 FT FRANKFURT: Profits of the Robert Bosch group, the West Oerman manufacturer of automotive, industrial and household electrical equipment, are being adversely affected this year. Nonetheless investment is to be increased further. Mr. Hans Merkle, the group's chief executive, said capital investment in 1978 was expected to
      FT  -  373 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      890 7 BANK OF INDIA (Constituted in India) BALANCE SHEET AS AT 31ST DECEMBER, 1977 CAPITAL* LIABILITIES PAID-UP CAPITAL: (Wholly owned by Government of India): Reserve Fund and Other Reserves: Deposits and Other Accounts: Borrowings from other Banking Companies. Agents, etc: Bills Payable: Bills for Collection being Bills Receivable as per Contra:
      890 words
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  • Article
    Quotas will not benefit anyone
    340 8 QUOTA systems are by their very nature wrong. They segment supply, raise the ultimate cost to th* consumer and obstruct the free flow of trade. Quota systems being prima facie wrong, the perpetrators really have no argument when they lend themselves to abuse. Textile production
    340 words
  • Article
    No more promises but action please
    241 8 THE WORD summit Is an apt description of the recent Bonn meeting. Its relation to mountaineering is quite clear. From a great height and a rarlfied atmosphere comes an ability to perceive things clearly. All is possible until one comes down to earth. The
    241 words
  • Article
    Malaysian banks lack the expertise
    1632 8  -  Back in January 1977, Bank Negara of Malaysia set targets for lending to what it calls the priority sectors to ensure a wider distribution of economic opportunities. Banks have failed to meet most of them chiefly because they do not have the expertise to venture
    1,632 words
  • Article, Illustration
    TEA TIME IN SABAH
    457 8 THE TALK in Ranau, Sabah these day* it tea the aim is to have one of the world's largest plantations. What was originally launched by the Sabah government's rural development agency, the Koporasi Pembanganun Desa (KDP), as a 1,620 hectare project is now envisaged as z,430
    457 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      358 8 M m V mwmm r ■mm -> j- v» J*- >"4 <*' lap Not a drop is sold Till it is 12years dd Anudicr quality product from Si ?N I 406/407 Havelock Road, B'pore S. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a
      358 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      60 8 OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 p.m. on July 20 at the airport: Maximum Temperature 30.9° C Associated Humidity .67 Minimum Temperature 24.2° C Associated Humidity 95 Hours of Sunshine 8.45 Rainfall in Millimetres 0.4 Total Rainfall for
      60 words
    • Miscellaneous
      Page 8 Miscellaneous Column 2
      257 8 TiVZMRwDTO SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Bitter Wine with superimposed English/ Chinese subtitles A Mandarin feature film 4.35 Intermission 6.05 Opening announcements followed by Exercise With Gloria* 6.30 News In Brief* 6.35 December Bride Mountain Climber 7.05 Persembahan Ku (Malay)* 7.30 News and Newsreel In
      257 words
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  • Article, Illustration
    Lock icon UK takes a lottery
    502 9  -  By BRIAN TIMMS Reuter BRITAIN it a nation of gamblers, only 6 per cent of the population never having placed bet, hut many of them are being exploited, a Royal Commission on Gambling showed recently. The commission, headed by scientist and political thinker Lord Rothschild, suggests
    Reuter  -  502 words
  • Article, Illustration
    Lock icon Ole! It's welcome back to blackjack in Spain
    586 9  -  By FENTON WHEELER AP AFTER waiting 54 years, the Spaniards are back at the green baize tables, risking r pesetas on blackjack and roulette In what gambling men call the people's casinos. "We want the casino to be popular," s&ys Mr. Pascual
    AP  -  586 words
  • Article
    Lock icon DATING LADY LUCK AT MANILA HARBOUR
    627 9 Reuter. By PAUL MAJENDIE DICE are not the only thing to roll In the casino In Manila gamblers are issued with seasick pills when the going gets really rough. For the Philippines has Its very own maritime Monte Carlo a 12,000-tonne floating casino where
    Reuter.  -  627 words
  • Article
    STRAWS IN THE WIND
    548 9 THE 70 year-old Lord Russell, son of the late philosopher Bertrand Russell, alarmed and astounded Britain's august House of Lords the other day, when he made a speech calling for "universal leisure for all" and an end to "raping of young people for police." "There should
    548 words
  • Article
    Bremen had that extra something
    1119 9  -  FORUM! >n economics »r JOHN DRYDOALE John Drysdale is a director of Asia Research Pte Ltd. I DOUBT II the Bonn Summit conference of the Bis Seven last weekend win me Ire the history books unless there Is some Infernal row In Vest Germany over
    1,119 words
  • Article
    PUB power failures
    174 9  -  Letters to the Editor TAY SIN YAN Acting General Manager THE PUBLIC Utilities Board would like to clarify the issues raised in your article "Sparks Fly Over Power Failures" which appeared in the July 14 edition of Business Times. The Board is unable to trace those electricity
    174 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      355 9 "V ■m. I Mil I 11 win' TODAY «OKOH M "S m <9 i 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 JOKOH OF GINZA Hong teong Bidg Raffles Quay. Tel *****81 KATSURA Orchid Inn. Dunearn Rd Tel 531 122 f. You 11 feaat like
      355 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      54 9 NOOK omln/ exeßose \S TO UjaODLE PCROSS "ib THE. Ten RKD I Tu>ce Do-y M o»e moßg_ UJORD Haom NOU'U. F«NC> "VouRStLF ON THfc We.CG.tv/iMG, £j\iD Qf &UMCH OF BriStdW'.'FteAic Dic&ajs Sou CP\I*T THRT q weN did sou it >foo «*ou> ujhpvT Tnev oar of Tne or Bpees P*© RZVSTBO^S
      54 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      1971 10 Tint offer for sol* is modo to Hio stockholders of Ptfi Moloysio Berhod on the Register of Mombors as of spm on lOtli July 1978. Tho Utters of Offer, together with copios of this Prospoctus, hove alroody boon daspatched to ontittad stockholders. GROWTH INDUSTRIAL HOLDINGS LIMITED (Incorporated in tho Republic
      1,971 words
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      2536 11 (2) (a) Loon to Associotod Com pony (i) This loon is unsecured. (ii) It is repayable on or after January 1, 1979 with an option for the borrower to prepay part or the whole of the loan. (iii) Interest is at the rate of 10% per annum (b) Associated Company
      2,536 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      Government bonds
      64 12 4 V 4% IWM (390,000) (100.358 100 508) (2) 100.40 (It) 100.45 T F IVi/BI (250.000) (100.55B 100.658) 6 V 4% T F IbVSI-64 (250.000) (108.608) 7 1/4% IV4/M (250,000) (100.60B) 7 1/4% IVI*M (250,000) (100.758) 7 1/4% I/V57 (250.000) (100.738) 6 1/4* T P 11/Ol (290.000) (100.608)
      64 words
    • Article
      Stock options
      87 12 BTRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets Cold Storage (Sept 11.76) (6.628 6.758. C nd C (Sept 92.26) (2.668). t F aad
      87 words
    • Article
      In Singapore
      1327 12 BID and offer price* officially bated and business tn and reported to the Stock Exchange of Stn«apore yeeterday with the number of shares traded shown In brackets tn lots of 1,000 units unices otherwise specified. All Time Settlement Contracts are quoted after the word "sett." 1 Big Board
      1,327 words
  • Article
    SHARE INFORMATION SERVICE
    2498 12 1978 Hick Low Compuy Last Sale +orGK'M Div Dfr Crr Gr's Y*ld Net r/E V«1 <•009) Day High Lew SECTION ONE at INDUSTRIALS 1 -•WJ ■"tea ~n? 193 'S 276 268 210* 478 132 123* 112 133 195* 60* 162 173* 140* 256 Acma Alcom Allied Choc
    2,498 words
  • Article
    Unit trusts
    142 12 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mmfi' prices hr M; M> (uwmt pi INCOME BOND ricss) TheCommerce J.10 2 23 1.07 1.12 The Savinf Fund I.M 1 42 S pore Prof Fund 103 I.M MARA BUMIPUTRA FUND S'pore Security .rod I.M S.M First Bumlputra far Jaiy 21) 2.07
    142 words
  • Article
    In Kuala Lumpur
    1561 12 810 and offer price* officially Hated and builnet* In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of ahares traded shown in brackets In lota of 1,000 units unless otherwise specified. INBHtTMAU AMM (3.360). AjWii—f (IMB 3. SOB). HJSB X.SM) (T) sax (1)
    1,561 words
  • Article, Illustration
    Market waits for Sime
    889 12 INVESTORS mn still nervous en the Stock Exchange of SiafMon yeeterday aa th« j waited approfc— for aa a—a—■nam by market leeder Sime Darky. Major gala* by stocks ware not seen sai active trading was confined to a Accordiag to market watchers, mm Slbm Darby baa
    889 words
  • Article
    Kuala Lumpur slightly steadier
    507 12 FAIR support made for a slightly steadier close at the Kuala Lumpur stock market yesterday. Volumes remained moderate. Opening prices, however, were marginally lower in extension of the overnight weakness. Trading was hesitant and indecisive. Conditions were thus dull and lacklustre at the start. Prices improved
    507 words
  • Article
    COMPANY MEETINGS
    107 12 Bnklt 8mbtwu| EcUIm Ltd: AOM to be held at John Buttery and Co. Ltd.. Sandlands House. 100-C, Paslr Panjang Road .Singapore at 11.00-a.m. on July 21. CaasaUdatad Hotels Ltd: AOM to be held at the Function Room, 5th Floor,Peninsula Hotel, Coleman Street. Singapore, at 10.00 a.m. on. July
    107 words
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  • COMPANY NEWS
    • Article, Illustration
      Another record year ahead for Bolton
      747 13  -  By MANO SABNANI BOLTON Properties Berhad (BHB), which is seeking a listing on the Stock Exchange of Singapore, is confident that It will be able to equal last year's record profits In the current year. In the Introductory document released yesterday, the directors said
      747 words
    • Article
      ERASER AND NEAVE TO REDUCE CAPITAL
      184 13 FRASER and Neave Ltd has proposed a capital reduction by returning the fall amount of the capital paid up on its 7-1/2 per cent cumulative preference share*. Although the preference shares are listed on the Singapore and Kuala Lumpur stock exchangee, they are rarely
      184 words
    • Article, Illustration
      Modest growth at Malaysian Containers
      423 13 MALAYSIAN Container* (1974) Berhad experienced satisfactory trading condition* last year, and both its Class and fibre container subsidiaries operated at "reasonable capacity levels," its chairman Senator Kamarul Ariffin says in his latest review. Hie group had a modest increase in pre-tax profit from M 53.79
      423 words
    • Article
      Pacific Development writes off Sungei Kinta Tin
      1033 13  -  By SUSAN SEVAN IT LOOKS as If the end of the road has been reached by Sungei Ktnta Tin Dredging which, back In 1976, was considering a scheme to change domicile to Malaysia from the UK. This Is the impression one Jets when
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    • Article
      DIVIDENDS ANNOUNCED
      330 13 Current payment Ex Date Beoka clOM ii Total far the year Total for prevtenay Town ACity C. Properties M. Container* Lien Hoe Bukit Senkawui JohanTin Aokam Tongkar Harbour Oriental HMgs. Public Bank George Town KgLaajut Sungei Beai Kranat Tin Dredg. KilliByh.il M. Flour Kuala Kampar FAN Riverview Sanyo
      330 words
    • Article
      SCRIP ISSUES
      142 13 Company Particulars Ex Date Books Clone M. Floor Pefi Malaysia Great Eastern Life M'aia Feedmilla Lien Hm Sntoit Plywood Synthetic Renin* Faker Merlin Bonus Issue of 1 for 3 Bonus Issue of 1 for 5 Bonus Issue of 1 for 2 Rights tout of 1 for 4 ®>fl
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    • Article
      LATEST RESULTS
      38 13 MALAYAN Cmm( Bbd: Unaudited pre-tax profit of M 52.34 million (<2.86 million), for the six months ended May 31. First Interim dlrldend was 10 per cent gross (same), parable Aug 30 to shareholders registered on Aug
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    • Article, Illustration
      S'pore Glass presses on
      920 13  -  By ARTHUR NG THE (Sharp recovery rate noted at Singapore Glass (1974) In the last financial year will continue Into the current year ending March 31, 1979. This ls the indication given by the new chairman, Mr. Cecil Vivian Richard Wong, In his first annual address
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      534 13 1 from 91be flw* *Mmln Mhtfffl** GaMo&ian y r Jjif m ffijuT/ X Pol t cs ancl Government in Malaysia JF* f Clitics and Government in Malaysia is concerned with the substantial political J changes that took place in Malaysia after Independence in 1957 and especially during the last ten
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  • Article
    Increased duty for Sarawak pepper
    245 14 THE MALAYSIAN government has revised the export duly on Sarawak pepper. From yesterday the dutiable price for black pepper Is $110 instead of $40 per piCul. For white pepper the dutiable price is $130 compared with $55 previously. TQls means that black pepper will be
    245 words
  • Article
    Lock icon Third World TV exports, beware
    109 14 UPI. JAPAN and the United States opened talks in Tokyo yesterday to work out measures to cope with soaring colour television exports from developing countries. Japan wants to negotiate concrete measures with the US to. stem aggressive exports *rom Taiwan, South Korea and Mexico to
    UPI.  -  109 words
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    Tin producers smarting over new price range
    784 14  -  By A. KADIR JASIN THE Malaysian tin mining Industry, while conceding that the quarterly meeting of the International Tin Council In London last week was not a total failure, feels that the new buffer stock price range adopted by the Council members Is
    784 words
  • Article
    Japanese forecast declining surplus
    748 14 JAPAN'S trade surplus in dollar terms is expected to decline gradually. Finance Ministry officials who hold this belief said volume exports of major items are now declining while Imports are on a steady uptrend as domestic demand improves. They were commenting on preliminary ministry figures which
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    It's instant information from Telepac
    438 14  -  ■y SIVA ARASU COMPANTEB In Singapore will soon have access to up-to-date information on any subject through a direct link-up with two databanks in the UB. The facility, known as Telepac, Is also available to home subscribers but the need for a teleprinter may deter
    438 words
  • Article
    Former Ben chief said $12.5m not a trading loss
    399 14 FORMER Ben and Company chairman, Oopal Chandra Kar Choudhury, told a district court yesterday that the company's loss of $12.5 million for the financial year ending Feb 29, 1976. although serious, was not a trading loss. He added that the loss,
    399 words
  • Article
    LONDON STOCKS
    733 14 LONDON, Thurs. Shares closed quietly firm but below the day's highs In places after fears of legislation to extend dividend controls beyond July 31 receded, dealers said. Oovernment stocks remained up to *4 point higher following British June money supply figures. Leading Industrials were mostly 2p to #p
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    Lock icon Manila's 18th offshore unit
    39 14 Reuter. THE Philippine Monetary Board has approved the application of Chemical Bank of New York to establish an offshore banking unit in Manila, making It the 18th such bank, the Philippine Central Bank reported. Reuter.
    Reuter.  -  39 words
  • Article, Illustration
    Lock icon Congress likely to shoot down Carter's pledge
    730 14 Washington Star. EVEN WITH the spectacular Senate vote on the first part of his energy programme, President Carter cannot count on Congress to deliver the promises he made In Bonn. An influential U8 legislator said Mr. Carter's two economic summit commitments the 2
    Washington Star.  -  730 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      451 14 THE GOVERNMENT OF MALAYSIA CONSTRUCTION OF BINTULU DEEPWATER PORT CONTRACT NO. 3 DREDGING \llKlUfllolKMial VOnTraCv NOTICE OF PREOUAURCATION OF TENDERERS The Government of Malaysia hereby invites suitably qualified and experienced contractors for prequalification for Contract No. 3 Dredging, which forms part of the several contracts for the construction of Bintulu
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      Page 14 Advertisements Column 2
      187 14 Leader Page This announcement appears as a matter of record only NEW ISSUE ISSUE OF 2,000,000 ORDINARY SHARES OF Ssl.oo EACH ATSSI.OO PERSHARE Managing Underwriter UNITED CHASE MERCHANT BANKERS LIMITED JULY 1978 r* nnrmr Arruli\ SALES EXECUTIVE (Around 5|24,000 per annum) Reuters are the principal suppliers of Financial and Business
      187 words
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    SHIPPING TIMES
    3066 15 BCHEMIE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the nam* of the ship, the shipping line Involved, and the estimated dates or arrival and departuie.from Singapore port. S«uMek ku a )tta( «<M itmpMl vtth MISC.
    3,066 words
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      Page 15 Advertisements Column 1
      344 15 Scan Dutch V Fast and Regular Service To/ From NX. /SCAN /W.MEDVJU.K. Singapore: Tel. *****, Port Keiang: Tel. *****1. Kuala.Lumpur Tel. *****, Penanfl. Te1.***** SHIPPING EVERGREEN LINE 11VERGRELN MARINE CORPORATION, FAR EAST/RED SEA, MEDITERRANEAN EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARCO FORGE NOA. LATTARIA, BEIRUT AUUNOIUA. BENGHAZI. TRIPOt.I (LIBYA) Span
      344 words
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      Page 15 Advertisements Column 2
      369 15 SHARJAH SHIPPING CO LTD (UNITEO A«AB (M RATES' GULF SHIPPING LINE (UNITED ARAB EMIRATES) ■GULF MAJESTV 4/7 A* •GUU MAJESTY IVI7 fcpl «/w 11/» it# ludMf Iw Dufca/Akv «canm containerised fci cargo to dumi. ;r»*GE N c ,!jfi A (S' Smarjam SHIPPING ISi PTE iTO oriental Shipping CORPORATION Slh Hoc
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      Page 15 Advertisements Column 3
      324 15 g Seatrain Full Container Service to USA feederm spob mother vsi m oar u gulf i/e •WSSti* I »/l »/J 27/1 5/5 |/j rußitun Ul a ucccri Strain 11/8 Lf ungton 23/8 10/9 8/9 18/9 21/9 16/8 V.139 Full Container Service from USA MOTHERWL l/C GULF OM U M FOKIVSL
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      Page 15 Advertisements Column 4
      402 15 NAMYANG LINES REGULAR NON-CONFERENCE SERVICES FAR EAST TO MEDITERRANEAN r*M PMhi LMAKNT UNIQUE CHALLENGE VIW Sailed UNIQUE WINNER V.l W 16 Aug LYNNA V.IW 1 Sept NANYANG DRAGON V.IW 21 Sept NANYANG CROWN V.IW 20 Oct All vessels accepting cargo for Benghazi/ Tripoli (Libya) by transhipment Via Pireaus and Li
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      Page 15 Advertisements Column 5
      194 15 Nedlloyd Lines n Regular UnsrServicM To/From All Parts of the Work*. Singapore: Tel. *****, Port Kateng: Tot. *****1. Kuala Lumpur Tal. *****, Panang: Tal. ***** NOTICES DAIICHI CHUO RISEN KAIBHA, TOKYO M.V. "GREAT HONOUR" FROM YOKOHAMAA PORT KELANG ARRIVED ON 13TH JULY, 1978 AT P.SA. GO DOWN NO. 40/41. General
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      623 16 SHIPPING 4ZHapag4Joyd FULLY CONTMMEBtSCO fD fIJROK S'pwt PUai H-Wff rka«M 12/t 14/8 15/8 17/8 19/8 21/8 22/8 (31/8) 27/8 29/8 30/8 2/9 2/9 4 n 5/9 8/9 10/9 12/9 13/9 <"/» 16/9 18/9 19/9 22/9 Tikwftn 22/7 24/7 12/8 14/8 15/8 17/8 a/7 30/7 19/8 21/8 22/8 (31/8) 7/8 9/8
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      Page 16 Advertisements Column 2
      798 16 [Q SANK YOLINEJ: < AUSTRALIA SERVICE P.Mmc %Hmn DIAMOND STAR ...IN PORT 23/24 July AD€L, REL, SYD. YUEMAM 27/<9 Mr M/31M* DWW, WIS, STO M€L MAY SKY 30/30 July 31 July/ 1 Aug FREM MAYCARP 12/ J 4 A«tc 10/11 Auf MIS, STO, MEL BANGLADESH SERViCE MAT CMP 25/21 RUT
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      456 16 SEA t LAND U.S.A./ ASIA SERVICE Y v I C < r < v r y f v r Y I EH ?9r VESSEL/VOYAGEVwd C.F.S. Oaees Arrives/Departs bOOPM PONCE V 329 7!M,wx *r* WORLD LION V 5 tad/2 Mysi WORLD TIGER V 6 amc«/9 WORLD LION V 6 augis/16 AUGM
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      Page 16 Advertisements Column 4
      515 16 Everett Lines fi LOADING FOR RANGOON HTONEYWA 30 JULY B F.S.SC Agents in M«laysa: TEPS MALAYSIA Port Kelang Tel (38)-7355 Pewr* T«l. *****/ ***** W CompMia Ar|MtiM D# W iSPCP. 'I' 1" Immmwdmrnd «A. C.I. F. 5 V pC' "ARGENTINE NATIONAL LINE" LOADING fO« DURBAN CAPETOWN BUENOS AIRES -II PUN
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      Page 16 Advertisements Column 5
      353 16 k!) I\ i W >> V, W I f I luSt Orient Overseas Go*daUte/i Line *****232 S.KMMBOCEI7H 24/1 25/1 13/ JV9 17/1 11/9 OMENTAL KSEAKHEI N/l 1/* 22/9 2V9 2V9 NCrruiK comu. m i 2/» 14/9 20/9 2/10 «/io t/10 vio m *»M» an Iwnrhww i«* FUUY COWTHIWEMSEP |MtoMf r«UI
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      942 17 OCL Overseas Containers Limited tznx CEI .K»M Mtwi Bm. r«M Mm mm P. W«| I'aara tat Wfc U.M MM MM MM MM la M M. TK. O. MM MM MM MM MM V M MK, O. MM MM MM MM MM 4 Ma "K. KS. MM MM MM MM UM
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      Page 17 Advertisements Column 2
      860 17 Ben Ocean Aataa^oaofßtnLm^BhaFbrndCknLmeandNSkiO riia.it rr^iM-'i'H 1 'ill) 11 AMERICAN PMSIMNIIINES ImM, MM«i WW**.' Lee Mm, kiNMM ml Mk. 'iiwmi P. WM l UK <ft*4tt Mf C Au|) mi t. AAMIMN 2 hit (Load) 31 Au| n An 12 topt am p. MWMS ri 1 "aTiy 'Wr INO lAN MAIL a
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      Page 17 Advertisements Column 3
      348 17 BEN LINE ry iW''Vg£ j S3 n-r g awtm caaaoiatsmncß INTI P. MM* Ml T*« Ouka MM H»,i wm niKin «m i M f?i 5 N *IV ||"M 1 "'"t JUGOUMUA BABX-BWEKA nu tomes n mum m un nunouaui m S port P. MINI PWM| PIIMKJi for Alexandria, feint. lattakia.
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      Page 17 Advertisements Column 4
      536 17 Scan Dutch *9 li I'M ii'i 11!. la. rm u iM»mw a mm a mm« arj a/1 »/i u/ a m/i it/ Ml. MIST IV I St LAMIA 11/1 w a an. an ma a/1 man vi w i ii'i a/i a/i iva a/1 a/a vi v a/a v a
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      Page 17 Advertisements Column 5
      365 17 GUTHRIE BOUSTEAD P c»s THE BANK LINE LTD UMS ntLU AfIHCA (Maantin. Hi—iw. Za mm urna wn nmc UN NM M. 11.. f.t, p. mni nm m r*n mnm i P. Will 4/ p. hiMi fl/a kf LVKES ORIENT LINE fit SINf.APOHf f'T KfIANC. KtlAl A ItIMPUH ,>Ol7ll CI MAN(,
      365 words
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      528 18 "K line KAWASAKI KISEN KAISHA. LTD. ■MBHDflMfe' (Vtt HO) ftf CaaOM 1 roar* P Mam l-Hawi HTwi Btmmh Mb* A*wrp «m*ru» w i.w I* n* nm «g SSSJSa".. ?S is 52 52 52 52 «S SSTtTm iitattSnta twt isept IS* iOUIMTE MENTAL Miff K srra seas *L Hawa P. Kclang
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      Page 18 Advertisements Column 2
      874 18 e.c.-I'S.a./atimtic/Blif service mm m/u muni nan nat r. sua. at E.C./GREAT LAKES SERVICE "S.R. VEST NNRAL" (MBA M tCt) H/M «T Ml/M IMf 1/ 4Av CAUFOMMI PACIFIC IDIII VEST SERVICE mi Nn iat mens, ram rwiifi, turns, tkma, vrmmhrr, u. "S.R. NIMACRAL NlNtl" (Mir* mm *"S,R. Tintt" '(MM KLA VAN
      874 words
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      Page 18 Advertisements Column 3
      981 18 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: <M HQ* cbevauea nsi S'aore f IMm S'fcanatoa Tbaf Iraa. uw LSrt 1* 11 m UA* 27 M| aMy HK IIM s tai m a** 27 m, a*s ii hi 12 m a** 255 Jgg i««« tm ikfl 24 Aa« »A« 11 S*
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      Page 18 Advertisements Column 4
      305 18 EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA «DT MM r, x, i; .t I)ttw« SHtwi 4>B'tM SUN P. k<l»M Sun UUMU IM MM MM MM MM nj 1 MM MM MM MM MM MM MM a/ 1 T tbtmu ti/1 a/T a/i a/' a/1 a/ a u/ EXPRESS CONVENTIONAL SERVICE TO
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      Page 18 Advertisements Column 5
      439 18 INTR ASF A (PTE) LTD wimm. Luffa X- MM (nl pjt wwnr mvia To/rmoM aoixiaua Ttritai Ad von I. tapan Fm Ist: B Aafsono Atfvoro I. TtraUi S port P. Mrlpof PMMf Mot Mooili M'kaof K'boaf KmW a. uwu 11 Kt> i m t« hi N nk| ovuu i** xta
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