The Business Times, 22 July 1978

Microfilm: NL9760
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, JULY 22, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Yard clinches deal
      37 1 JURONO Shipyard has concluded a multl-mll-llon dollar contract with Hansa Offshore (SEA) to convert four of their existing 20,150 MT MltsuiConcorde class cargo vessels Into container carriers. The contract signing ceremony Is on Tuesday.
      37 words
    • Article
      Lock icon OECD oil use rises
      57 1 Reuter PARIS, Frl. OECD oil consumption rose by 3.4 per cent In the first quarter of this year to 448.6 million tonnes compared with a year ago, the International Energy Agency said. US oil consumption rose by 5.2 per cent while German offtake gained 9.4 per
      Reuter  -  57 words
    • Article
      Ship on fire
      62 1 A FIRE broke out on board the Russian vessel Makhtum Kull this evening while it was berthed alongside Keppel Wharves. Firemen, are facing difficulties because the hatch cover is defective. The hold has about 400 tonnes of jute. No one has been reported hurt, but as a
      62 words
    • Article
      India repays all
      54 1 NEW DELHI, Frl. India has repaid the last of its outstanding drawings from the IMF, an official statement said. At end-March 1976, total drawings from the IMF were 7.54 billion rupees (about Ss2 billion). They were repaid in three Instalments In September 1976, July 1977 and on
      54 words
    • Article
      Lock icon Steel investment
      60 1 Reuter NEW DELHI, Frl. India plans substantial investment in steel, a Minister of State for steel told Parliament. Three export-oriented shore-based steel plants are being considered. Preliminary discussions have been held with the Soviet Union and Rumania for assistance in these plants, each of which is envisaged to
      Reuter  -  60 words
    • Article
      Food projects
      45 1 MANILA, Fri. The Philippines and Australia have agreed to work on two food projects under the Asean-Australia economic cooperation programme, the Foreign Ministry said here today. Agreements on the two projects were signed by Australian Ambassador Richard Woolcott and Foreign Minister Carlos Romulo.
      45 words
    • Article
      Lock icon No quotas yet
      85 1 AFP CANBERRA, Fri. The Australian government decided today not to introduce tariff quotas on imports of certain woollen and wool blend fabrics at this stage. Industry and Commerce Minister Phillips Lynch, and the Business and Consumer Affairs Minister Wal Fife, recalled a previous statement on Nov. 17,
      AFP  -  85 words
    • Article
      Gold bullish
      57 1 BULLISH trading in gold was seen In Hongkong yesterday with the price closing at U*****.90 buyers, up $3.50 from the previous close. This followed a very firm market in New York on Thursday when gold closed more than $4 higher, its strength underlined by the continued weakness of
      57 words
    • Article
      Lock icon Dow Jones
      61 1 UPI NEW YORK, Fri. Stocks struggled for direction early today against a news background showing that a strong economy was being accompanied by double-digit inflation and rising interest rates. Trading was active. The Dow Jones Industrial average was ahead 0.43 point to 839.04 around 1500 GMT.Declines led advances,
      UPI  -  61 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      135 1 Rises BAT 210 17 A Enterprise* 356 10 FAN 545 15 D Keramat 940 10 MTC 670 10 PMRI 300 10 Ambaaaador 106 +9 Rothmana 452 +8 Taaek Cement 310 +8 Supreme Corpn 218 220 +8 +0 Tganu Dev 109 +5 Falls C Sugar* 270 -7 Spore
      135 words
    • Article, Illustration
      In Kuala Lumpur
      165 1 Rises M.B.S. 3.30 +.31 Guinness 7.00 .20 D. Keramat 9.70 .20 M. Box(S) 2.80 +.19 B.A. Tobacco 2.17 +.18 Supreme Corp. 2.2S .15 Fand N 5.70 .15 M. Tobacco 6.95 .15 Foils Castlefleld 10.60 -.40 Sentosa 2.18 -.11 K. Kampar3.40 -.10 Pa per Prod. 1.72 -.09 Aicom
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  • Article, Illustration
    No short cut to higher output
    786 1  -  PAT ON THE BACK FOR YAOHAN By FOO CHOY PENG ONE WAY of ensuring high standards of performance In the workforce is to have a well-conceived, intelligently applied merit and demerit scheme. Dr Ooh Keng Swee, the deputy Prime Minister and Minister for Defence,
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  • Article
    Lock icon SEOUL WHIPS UP EXPORT DRIVE
    242 1 AFP Reuter SOUTH Korean CommerceIndustry Minister, Choi Kak-kyu, has Issued a general mobilisation order to his officials, despite the summer vacation, to whip up the nation's export drive amid mounting fears that this year's export target of US$l2.5 billion (5528.75 billion) would not be attained.
    AFP; Reuter  -  242 words
  • Article
    Asean bankers to tighten links
    411 1  -  By SOH TIANG KENG DELEGATES will take a fresh look at efforts to forge closer financial links at the fourth meeting of the Asean Banking Council starting In Kuala Lumpur today. Dr. Tony Tan, leader of the eight-man Singapore delegation, said delegates will review the
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  • Article
    Lifting of duty doesn't worry National Iron
    390 1  -  By COLIN CHEE THE lifting of Import duties on certain types of steel bars is not expected to make local bars less competitive nor lower construction costs. This is because Imported steel bars are still likely to be more expensive than locally produced
    390 words
  • Article
    Lock icon Japanese deny delaying tactics on Stabex
    308 1 Reuter JAPAN denied yesterday thai it ii using delaying tactics in riving it* commitment to a acne me to stabi--1 i■e export earnings (Stabex) proposed by the Association of South-East Asian Nations. A Japanese embassy spokesman in Kuala Lumpur, said Japan has the political
    Reuter  -  308 words
  • Article
    Subsidiary of 600 Group sets up Jurong plant
    413 1  -  By RAHIM KASSIM GEORGE Cohen Far East Pte. Ltd., the wholly -owned subsidiary of the 600 Group Ltd of the UK, has finally decided to set up a manufacturing plant here. The plan was first mooted by the group's chairman and managing
    413 words
  • Article
    Paying the price of ignorance
    123 1 THERE were 54 accidents Involving the use of mobile cranes last year. Four workers were killed mainly because of ignorance of the operators on the capabilities of the machines and the safety requirements. With this In mind, Mr. Fong Sip Chee, senior parliamentary secretary (Labour)
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      33 1 I:\vrctt I mil's MOST PMQUIMT SAILIMCS TO KOK HOH4KOM4 JAPAN HJSAM. WmwiWh Corpn. 8/A S nqnftn I 1# «Ml/f J*. BMC* Wwt Kmono J*/103 OCIC a*t T* *****/3 A«rh CO WHO T* J§772T'®^
      33 words
    • Advertisement
      Page 1 Advertisements Column 2
      96 1 XftISNEYUJCVME Tb WW WEST. Chances are that at Pan-West we have just the right equpment to help improve your game At Pan-West we stock the finest range of top quality golfing equpment Confidence. Honma. Lynx to name a few Drop in on us and browse around. Take a few practice
      96 words
    • Advertisement
      Page 1 Advertisements Column 3
      93 1 SEE PAGES 6 AND 7 HIGH-RISE shopping comes to Bukit Timah 2 PACKAGE deal for the food industry 2 MALAYSIA'B consul skipping law is "grounded" 5 MERITS and demerit schemes in perspective 7 LETTER from America: When commercials turn you on 6 MALAYAN Cement is walled in 11 BO VIS
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    • Advertisement
      Page 1 Advertisements Column 4
      97 1 Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. Catch the super speed special from Oc6 oce Oce-Hagemeyer has a real special from Holland. After tremendous success in Europe and America, the Oce 1700 is now introduced in Singapore. Revolutionary flash exposure combined with Oce's special
      97 words
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  • TRADE AND INDUSTRY
    • Article
      Sisir steps up quality control in electronics
      636 2  -  By PETER CHIA THE SINGAPORE Institute of Standards and Industrial Research (Sisir) will step up Its quality control programmes for the electrical and electronics industries. One of these moves includes setting up facilities to test and ensure that locally manufactured electrical products do
      636 words
    • Article
      'Package deal' to boost local food industries
      401 2  -  By WANG LOOK KEAH PACKAGING standards will be given strong emphasis in the next fiveyear plan of the Singapore Institute of Standards and Industrial Research (Sisir). The Institute will form an industrial design council or committee to advise industries faced with packaging problems.
      401 words
    • Article
      Hongkong's leading growth industry
      179 2 ELECTRONICS is currently the fastest growing of Hongkong's major Industries with a growth rate that has averaged 22 per cent annually for the past five years. This position is highlighted by an article In the latest Issue of The Bulletin, the Hongkong General Chamber of Commerce's
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    • Article
      Lock icon China goods on show
      80 2 AFP CHINA will display more than 1,000 varieties of electrical and electronic products worth US$l.5 million (553.45 million) at the 10day International electrical and electronic engineering exhibition In Kuala Lumpur from Aug. 1. The leader of the 12-man Chinese delegation, Mr. Chang Chi-ming, said his country
      AFP  -  80 words
    • Article, Illustration
      High-rise shopping in Bukit Timah
      424 2  -  By TEO TECK WENG BUKIT Tlmah Shopping Centre can claim to be the first high-rise commercial complex In the Buklt Tlmah area when It opens in late October or early November this year. Developed by L and W Holdings, the project Is expected to cost
      424 words
    • Article
      Lock icon HK hotel rates hike
      124 2 AFP VISITORS to Hongkong later this year are in for a rude shock as many major hotels are planning steep increases in room charges, the daily South China Morning Post reported yesterday. It said the Furama, which raised its rates by 9 per cent in January,
      AFP  -  124 words
    • Article
      MEMO PAD
      409 2 COURSES AND TALKS May 8-Aug 17: Auat 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 7-28: Cost Accounting and 0 control, Hotel Royal, NPB Aug 7-14: Design of experiments,
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    • Article
      ENSURING SURVIVAL OF RUBBER INDUSTRY
      436 2 THE Malaysian rubber Industry has to think ahead to ensure Its survival and expansion. The government and the Industry share equal responsibility In ensuring the Industry's future. A senior Malaysian government official described the call by Tun Tan Slew Sin for more mechanisation of estates
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    • Article
      Lock icon New discovery to give cars more bounce
      384 2 Reuter AFP THE Malaysian Rubber Producers' Research Association has produced a thermoplastic natural rubber by one method and an alternative technique Is under development, It said In its latest annual reDort. The first method blends natural rubber with a crystalllsable polyolefln such as
      Reuter; AFP  -  384 words
    • Article
      Seiko's latest is a sign of the times
      295 2 A MAN'S watch with a quartz mechanism as thin as a Singapore 5-cent coin and an outer case no larger than a 20-cent coin was introduced in New York on Thursday by the Seiko Time Corporation. Seiko said that the watch Is
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    • Article
      Lock icon Peking prefers Japan as offshore oil partner
      120 2 UPI CHINA wants Japan to cooperate in the development of offshore oil and natural gas, a major Tokyo newspaper reported yesterday. Chinese Vice-Premier Kang Shih-en, who Is also Minister in charge of the State Economic Commission, told Japanese businessmen in Peking that China
      UPI  -  120 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      136 2 Zl i I X I ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles?
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    • Advertisement
      Page 2 Advertisements Column 2
      65 2 Call our Port Kelang or K.L. Office for any emergency repairs to your ships afloat at Port Kelang or Port Dickson. MSE has now extended its services for wider coverage beyond Johore. *****6 Port Kelang office ***** Kuala Lumpur office MALAYSIA SHIPYARD AND ENGINEERING SDN. BHD. Pasir Gudang, Johore. K.L.
      65 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      599 2 I CRYPTIC PUZZLE ACROSS 1 What many a violent passion can mean (6) 7 On strike and angry at Kennedy (8) 8 Cumber's arm or leg (4) 10 Handled playing-cards (6) 11 Line of travel In the southeast (6) 14 Doctor In love, tenderly (3) 18 Hoarder able to be
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  • OVERSEAS
    • Article, Illustration
      MAZDA'S NEW RX-7 A RUNAWAY HIT
      378 3 A NEW JifiMN apart* car, Mudi'i RX-7, has become runaway hit since its introduction to the US two months ego. Although powered by rotary engine, demand for the car is so strong, and supply relatively short, that many dealers are selling it for for
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    • Article
      M-1 fall will not stay Fed's hand
      253 3 A $2 BILLION fall in narrowly-defined US money supply M-l In the week ended July 12 Is too small to alter an Inevitable move to higher federal funds rates, analysts forecast. The new M-l level reported by New York Federal Reserve Bank Is
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    • Article
      Carter approves $34b spending cuts
      1031 3 EXPENDITURE BLOODBATH PRESIDENT Carter has approved budget guidelines that would require US$l5 billion (Ss34 billion) in cuts In spending programmes In fiscal year 1980. Senior administration officials said on Thursday, the guidelines, If adhered to, would not only rule out new spending programmes, but also
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    • Article
      Third Swedish rate cut to boost economy
      273 3 SWEDEN cut its bank rate on Thursday to stimulate investment in industry that is now pulling out of Its worst recession in 50 years. The cut, from 7 to 6tt per cent, was the third this year and mirrored continuing confidence that the
      273 words
    • Article
      EIB ISSUE IN TOKYO
      563 3 THE JAPANESE Finance Ministry plans to approve the issue of US$lOO million (***** million) worth of US dollar-denominated bonds by the European Investment Bank in Tokyo and on the European money market. Flotation of Japanese yen-denominated bonds recently dropped following the Japanese currency's sharp appreciation against
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    • WORLD IN BRIEF
      • Article
        HOPING FOR MORE GROWTH
        514 3 TAIWAN'S growth target for the second half of the six-year economic development plan up to 1981 will be revised upwards from the original 7.5 per cent. Chairman of the Council for Economic Planning and Development Yu Kuo-hua, gave no figure for the new target, but noted
        514 words
    • Article
      Consumer spending up
      35 3 UK CONSUMER spending rose 0-.3 per cent in second quarter 1978 to a preliminary £9.12 billion and stood 5.5 per cent over second quarter 1977, seasonally adJusted Central Statistical Office figures show.
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    • Article
      War levy on white Rhodesians
      400 3 RHODESIA'S mainly white taxpayers have been asked to help pay for the guerilla war through a compulsory 12.5 per cent levy on their Income tax. The move announced In Salisbury in the annual budget provided a unique occasion In Parliament. The co-mlnlsters of finance in
      400 words
    • Article
      Not in the swing
      104 3 THE WEBT German economy has begun the second half of this year in slow gear .The stimulus that is evident from individual sectors Is insufficient for a lasting upswing. Commerxbank AG ssdd. The automobile industry, computers and building are the only positive sectors, It added In
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    • Article
      Schmidt fails to win over faint hearted Britain
      301 3 WEST GERMAN Chancellor Helmut Schmidt, in what appeared to be an implicit criticism of Britain, said on Thursday that opponents of a proposed enlarged European monetary system were faint-hearted. If Britain aad/ Italy did not join the system, organised by the European
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    • Article
      US Treasury pulls trigger on steel imports
      672 3 THE US Treasury has announced that the minimum price for imported steel will be raised by 4.4 per cent from Oct 1 the second such Increase this year. Domestic steel producers thus have more leeway on prices but some have promised the government
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    • Article
      Bangladesh is not struggling in vain
      169 3 BANGLADESH has made economic headway in its struggle against poverty and under development, according to' a recent US Department of Commerce study. The gross domestic product grew by 8 per cent in the last fiscal year, thanks to a healthy 13 per cent increase
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      516 3 This Month's New Penguins Edna Jfe* THE NEW PSYCHOLOGY OF DREAMING Mother Ireiend: Edna O'Brien Mother Inland is an autobiographical tapastry. recollections of an Irish childhood linkad to an account of a journey there today, interwoven with fragments of Irish mythology, history and hearsay. This is Edna O'Brien at her
      516 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      367 4 THE Singapore rubber market yesterday closed slightly easier with August One RSS buyers quoted at 228.25 cents per kilo, down 0.25 cent from Thursday's close. Morning prices were marked down slightly on lower London advices and stale bull liquidation, dealers said. Afternoon prices fluctuated around lunchtime
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    • Article
      RAS PRICES
      310 4 Prices in cents per kilo yesterday Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int. 1 R.S.S. August Int. 1 R.S.8. September Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 227 25 227.25 227.75 218.00 217.00
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    • Article
      SSR AND SMR
      101 4 NOON SSR and SMR prices yesterday: August 8epl ■aker RAS (Curat Mtk) (Fsrwi B TSi irt Mtk) Buyers Sellers (cents per k#) Sellers l »srk«) SSR 20 (1-ton pallet) 210.00 212.00N 211.00 213 OON SSR SO (1-ton pallet) 208.00 210 OON 209.00 211 OON MRELB SMR5CV (1-ton
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    • Article
      Closing prices
      29 4 Rubber: July 21 Singapore: August 228.25 cants (down 0.25 centa) Malaysia: August 233.50 cents (down 0.25 cents) Tin: M 51.720 (unchanged) Official offering: 278 tonnes (83 tonnee)
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    • Article
      Rice
      196 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) White Rice: 100 pet lit cUm 412. 100 pet 2nd clan 397,100 pet 3rd class 392. S pet 389. 10 pet 382. 15 pet 397. 20 pet 352 25 pet 342. 35
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    • Article
      Soybean
      86 4 CHICAGO soybean futures on Thursday closed as much as 3-ft US cents a bushel higher In old crop, but losses In deferreds extended to one cent. Prices fluctuated In a range of less than eight cents a bushel in mostly quiet trade. Brokers said the market encountered strong overhead
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    • Article
      Produce exchange
      436 4 PRICES of copra, coconut oil and coffee stayed steady on the Singapore produce market yesterday. The only exception was pepper. Pepper weakened by 82.50 per picul all round and the trend is likely to continue, said a packer. Arrivals yesterday were 10 tonnes. Commenting on the recent revision
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    • Article
      Hongkong Comex
      176 4 THE sugar market yesterday closed 0.07 to 0.10 US cents higher In continued quiet trading, with 10 lots traded against nine on Thursday. The Hongkong dally spot sugar price was steady at 6.30 cents. Bugar futures closing prices: Sep 8.28/30 8.21/23 Oct 8.40/41 6 33/35 Jan 8.78/90 8.70/80
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    • Article
      Palm oil
      69 4 C.I.F. North European ports. In US dot LONDON: Islt per ton unless otherwise i Thursday Previous Malaysian 5% ffa bulk per tonne September Sumatra 5% ffa bulk July August September October November Nigeria 5% ffa bulk st< ROTTERDAM: Sumatra Max 5 August Zaire (Belg francs per kilo) unch
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    • Article
      SPOT PRICES
      189 4 YARN and cotton in Hongkong dollars, spot ex-godown. Cotton Yara: China Blue Phoenix 20s 1.740; 32s 2.M0; 40s 2,300 (per bale Of 400 lb*). hnt Good*: China Butterfly and Olobe Brand unq, Dragon Head una. Five Lambs unq, Flower and Butterfly unq. Plying Oeese unq (per piece 30
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    • Article
      Coffee
      240 4 ROBUSTA futures In London yesterday ended the opening call about steady £11 to £30 down from Thursday. Turnover was 194 lots Including 00 lots of cross trades. Untraded spot July lost £11 while the biggest loss was in distant May where the block of 00 cross trades occured at
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    • Article
      Straits tin
      195 4 THE BTRATTB tin price In Penang yesterday remained unchanged at MS 1,720 per picul. This followed steadier conditions In London overnight, coupled with a large Increased tin contribution by miners yesterday, but European demand and local buying were encouraging at this level, with turnover rising sharply to 278
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    • Article
      Cocoa
      172 4 TERMINAL cocoa In London yesterday opened steady showing minor gains In most positions but dealings were thin. Traders said the nears, notably September, were attracting modest shortcovering support and price fixing whereas positions further forward were subject to small-scale hedging activity. Traders said this process was again widening backwardation
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    • Article
      Sugar
      153 4 THE London dally raws and whites sugar price were quoted unchanged yesterday at £84.50 and £90.00, respectively. On Thursday, sugar futures held basically steady for much of the afternoon without moving ahead against New York. But final gains ranged from £1.10 to £0.30 per tonne after a slight hardening
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    • Article
      Wheat
      71 4 WHEAT futures in Chicago on Thursday finished near the mid-point of the day's trading range, up 3tt to two US cents a bushel. The nearby July which expired at noon, closed cent lower. Traders reported Increased buying of wheat and selling corn on spreads. Commission-house as well as local
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    • Article
      Prices fluctuate in thin conditions
      352 4 LITTLE can be s&ld of the rubber market in the week ended July 20, where price* fluctuated within a range of 4W cents In see-saw, but thin, conditions to close finally some one cent better on balance. Trading was much quieter and turnover low as
      352 words
    • Article
      Copper
      252 4 COPPER wlrebars rose by about £4 per tonne all round In London yesterday. Values were marked up at the outset of the premarket reflecting overnight gains In U8 futures and .expectations of a further sizeable fall In LME stocks this week, dealers sakl. Prices held steady In the ring
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    • Article
      Silver
      284 4 THE Hongkong sliver market yesterday closed 30 HK cents higher at HK8247.00 per 10 ounces, with turnover estimated at 10,000 ounces, dealers said. The local close was equivalent to 5.2993 US cents, lower than Thursday's New York July closing of 5.3860 cents. Fixing price firmed 50 HK cents to
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    • Article
      Gold
      338 4 THE KILOBAR In Singapore yesterday opened at a high of 5514,235 and closed at 514,231. Prices rose Intermittently and reached the highest at $14,294 before droning to the lowest at Spot gold for London delivery opened at US$l9l.OO/ 30 and closed at U*****.96/ 191.25 Trading was brisk throughout the
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    • Article
      Zinc
      75 4 ZINC at the end of the morning ring was £2.75 down for cash and £3 lower for Three Months In London yesterday. This market basically followed the trend in lead with steady pre-market levels finding Tittle buying support. Three Months traded from £317 down to £313 by the end
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    • Article
      Lead
      90 4 LEAD ended morning ring dealings £>.75 per tonne lower for c*fh and £2.50 down for Three Months In London yesterday. Prices opened steady on the pre-market but found little support and. after trading at £3.3, Three Months fell back under liquidation In the ring to finally trade at £309.50.
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  • MONEY AND EXCHANGES
    • Article
      Singapore market
      476 4 FOREIGN exchange markets yesterday saw the US dollar fluctuating against major currencies in thin trading conditions. Opening against the yen at 201.90/00 In the morning, the dollar eased slightly to 201.80/90 during Tokyo's close. It lost ground further in the early afternoon when Hongkong selling got it down
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    • Article
      Asian $ & CD rates
      178 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 21: USD* Ik u"» (Spat) Oflkr BM 7«tajr» 1 mth 2 ntha 3 mth* Imthi othi Ilmthi *1/1« 3/4 11/3 SI/I »l/» 1/4 V18 Sw. Ft*. 7 15/18 IM 3/1 1/2 1/1 vie Dm. 1 mth S
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    • Article
      Discount
      44 4 RANOE or prtoM offered by discount houses on July SI: Overnight -Mio MH Call deposit t«« to m g_/ 3-Month Treasury Nils S1/4 J- Month Bank bill* 411/16 66/16 J-Month CD S11/16 611/16 6-Month CD 514/16 5 IS/16 Source: National Discount Co. Ltd.
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    • Article
      MLR
      21 4 THE amsfi rate at which Singapore basks are currmtly prepared to load to thsfr beat MiteMn is 7 per cent.
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    • Article
      Treasury bill tender
      35 4 RESULTS of tender held yesterday for 91-day Treasury bills to be issued (rom July 34 to July 28. SM.SM.MS SM.MO.SM MlMi $15,000,000 Awptod UdK *M IS approximately Sl%? Mghcr bids In full
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    • Article
      London
      322 4 STERLINO yesterday opened stronger against the dollar and on a tradeweighted index basis, and later steadied as demand tailed off although there were few sellers. Market opinion in the morning was mixed on the British currency at these levels. Some operators see the government stand on pay with a
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    • Article
      Tokyo
      173 4 THE US dollar for overnight delivery yesterday closed lower at 201.25 yen, compared with a 201.70 opening and 202.05 at Thursday's close. The dollar fell in active late trading on position squaring and selling by Japanese and foreign banks to cover export contracts after rising briefly to 202.05 yen
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    • Article
      Hongkong
      130 4 IN FAIRLY quiet end-week trading, the US dollar yesterday eased slightly against the /en but was little changed against other currencies. The dollar eased to 201.40/55 yen on profittaking in late trading from New York's 201.60/70 close and its 201.95/05 opening, but was little changed at 2.0555/65 marks compared
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    • Article
      New York
      130 4 STERLING led other currencies higher against the dollar in a sporadically active trading session on Thursday. The British currency &b ?J e the US$l.9O level for the first time in Jourmonths, finishing at 81.9078/85, compared with Its opening 1.8939/41 and J'® close of 1.8970/80. The Bwlss franc gained
      130 words
    • Article
      Australia/NZ
      49 4 AUSTRALIA and New Zealand exchanges on July 21: AUSTRAUA: US dollar l.im/ 1.14*1 Surtax o*o4*/ I NN OS dollar 1.1*30 Ntoety-daywierd buying rater ÜBSoitr 1 14*6 HEW ZEALAND: Starting 0 *407/ 0*437 US dollar 1 04*3/ 1.03*3 Ninety-day airmail buying rate*: Start nc oWrt US <*>ilar 1 07*3
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    • Article
      Euro $ rates
      119 4 Euro rates LONDON Eurodollar deposit rates were steady at the outset in quiet pre-week-end trading, dealers said. Borrowers were scarce in early trading and period rates were little changed from closing levels. However, One Month was adjusted higher because of a Friday end-of-period and rose 1/2 point to 8-11/18, 85/8
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  • TRANSPORT
    • Article
      KL's new shipping law rings hollow
      988 5  -  REGULATORY BODY NON-EXISTENT By WONG WAI LIN MALAYSIA last year Introduced new legislative measures to restrict the carriage of coastal cargoes to Malay-sian-registered ships owned by companies with a majority Malaysian holding. The Merchant Shipping (Amendment and Extension) Act 1077, more commonly known as
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    • Article
      S'pore date for Sphinx
      335 5 THE first ship of the recently established Egyptian International Line, the MV Sphinx, will arrive In Singapore on Aug 29 on Its Inaugural trip from Yokohama to Alexandria. The line, the first Egyptian flag service from tne Far East, will be operated by the Egyptian International
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      690 5 ARRIVALS Service Local Operator Number Time From CAL MAS MAS SIA MAS CI333 MH601 MH6S2 SQ101 MH621 0040 0700 0725 0815 0840 TPE/HKO/KUL KUL KCH KUL PEN MAS MAS CPA CAL RBA OIA MH807 MH671 CX710 CI814 BI323 OA980 0845 0945 1005 1000 1025 1030 KUL PEN/KUL
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    • Article
      MEDTAINER CHARTERS TWO SHIPS FROM TIMUR
      234 5  -  sy OOH ENG KEE MEDTAINER Lis*, i skipping lias based la Shasjea. the United Ank Emirate*, has chartered two ooatalaor stasias Timor Carriers The Trans Europe aad Trape America, which eaa carry 112 TEU», will supplement Madtalnsr's serviooo hslwssa northern Europe and West Asia.
      234 words
    • Article
      Lock icon Shipping body living off US subsidies
      656 5 NYT A US congressional committee disclosed that members of the govern-ment-Organised National Maritime Council rely on massive Federal subsidies to stay in business. According to Representative Benjamin Rosenthal, the Commerce Department's Maritime Administration helped organise and continues to provide office space and staff for
      NYT  -  656 words
    • Article
      Port of London execs on marketing swing
      344 5 TOP executives of the Port of London Authority (PLA) are In Kuala Lumpur, on the third leg of their intensive marketing tour of Asia, to hold discussions with the Malaysian International Shining Co rporatlon Mr.'John Black, PLA managing director and Mr Frank Metcalfe,
      344 words
    • Article
      Lock icon LONDON FREIGHT
      153 5 UPI ORXAT Lakes grain rates continued their slow but persistent downward path when a first-half August loader accepted USJM7.7B (9140.82) (PIO) for a 18.000ton direct shipment to the continent. Other grain routes were exceptionally quiet but some Interest was shown In coal and sugar movements. Japanese charterers took
      UPI  -  153 words
    • Article, Illustration
      SHIPS IN PORT
      412 5 EXPECTED ARRIVALB TODAY KEPPEL WHARVES Norfolk Maru (after Boston Maru) 45 Taybank (after Thermopylae) 47 Palm Sea Horse (Tanker) (after Nlngdu P/O) 16 Nagoya Maru (JCCT) (0530 after King Pearl) (Bubject free board) 22 Prlmorje (1200 after Hong Shou Bhan) 33/34 Alshan (HPPD) (1200 after Mlike Maru)
      412 words
    • Article
      Beirut port is stirring
      216 5 BEIRUT Port resumed partial operations on Thursday after a closure forced by recent fighting between Syrian peacekeeping troops and right-wing Christian militiamen, sources said. "A few truckloads of goods were unloaded," said one official. He said not all port personnel had returned to work but that
      216 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      146 5 Don't lot the lancjuage barrier stop yon from wider contacts SSSS 9— j" 4 T ■a t \l \v> <V \>* VlO d cr- >\V t* ,o»' v t^ G YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel- I ling in fact anywhere and any time
      146 words
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  • Article
    Keynote must be flexibility
    616 6 THE NEED to Improve productivity Is an imperative against which no person can argue. The current merit and demerit controversy cannot cloud the fact that such a scheme is needed. Singapore has had any number of merit schemes introduced over the years but the effect of
    616 words
  • Article, Illustration
    Lock icon Balancing the Soviet see-saw
    722 6 NYT "WHAT are the Ruaeiaaa up to?" aaka WILLIAM BAFIRE from Waahington. Ho ia net the tab one >iMh that i~w tiou. A* u uaplMiut aura of Cold War data vu aottlee oa Um intornntfcmnl nlatei icn, bnatanaman an aba hsginntng to raaliM that they cnnnot
    NYT  -  722 words
  • Article
    Lock icon Business gets a bad harvest
    810 6 NYT THE FORCIBLE arrest and detention of an International Harvester representative, released last month In Moscow, has shaken the confidence of American businessmen who had grown accustomed, In their trade relations with the Soviet Union, to a sense of immunity from political tensions. Industry, government
    NYT  -  810 words
  • Article, Illustration
    Pot luck or hard luck?
    1033 6  -  LETTER FROM AMERICA byl John Tan AMERICANS must be the world's luckiest people. They can get so close to their celebrities. Elsewhere, when Presidents and film stars make public appearances, they are surrounded by security men. All that can be seen Is a sea of
    1,033 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      368 6 k m ■M- Li 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his Kids, Constellations, Sonny Bala The New Moonglows, The Green Eyes and Miss Erin Fong (Taiwan) treat you to a
      368 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers Report for 24 hour* prior to 7.30 p.m. on July 21 at the airport: Maximum Temperature 30.4° C Associated Humidity 71 Minimum Temperature 24.9° C Associated Humidity 93 Hours of Sunshine 6.35 Rainfall in Millimetres 12.9 Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      280 6 SINGAPORE 5 PM Opening announcements followed by Sesame Street Pre-Examination Programme Hamlet Soccer Malaysia Cup '78 Singapore Vs Malaysian Armed Forces (Repeat) Sandlwara A Malay drama entitled "Slapa Yang Gila" (Repeat) with English subtitles Little House On The Prairie My Ellen News In Brief Play Guitar (Repeat) (Last Episode) Thinking,
      280 words
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  • Article
    MERIT AND SCHEMES – THE CREDITS AND FAULTS
    560 7 MERIT AND SCHEMES THE CREDITS AND FAULTS of 5S smT*w& SwfewiTkTfc tw "NrSaLal TnSm u£a_Caagrsoa. Skl* 'JUs It? Aikle inv exifußi wirt towards better productivity la Ike aatioaal athe NTUC said ia Its Vlf discard Is the order of the day, thoa it is b&WjSuteil i»Ur»et of brthlabw aad strike'
    560 words
  • Article
    Cooperation — that rare and precious quality
    789 7 Cooperation that rare and precious quality THE UNION'S THE National Trades Union Congress (NTUC) favours the merit scheme more than the demerit scheme as a means of achieving worker productivity. But the NTUC for good reasons cannot afford to give the latter a miss reasons such as the continued need
    789 words
  • Article, Illustration
    STRAWS IN THE WIND
    514 7 ALAN HOLMES, first radio officer of the liner Queen Elizabeth 2, picked up a radio signal in February, more than 10 year* after it was sent. The "ghost" message was apparently a signal between the old Queen Mary and the main British Maritime Communications Station at
    514 words
  • Article
    A convenient substitute for disciplinary action
    385 7 THE EMPLOYERS MERIT and demerit schemes should be considered part and parcel of any enterprise's normal operations, not as a separate matter of policy, the Singapore Employers Federation suggested. Apart from costs, these schemes take a lot of time to implement. With scarce resources
    385 words
  • Article
    Evaluation must be continuous
    527 7 THKPLANNERS ASSESSMENT of employees' performance should be carried out more than once a year, the National Productivity Board (NPB) suggested Since most ratings by companies are done yearly, there is a tendency to rate an employee on his current performance, ignoring past efforts. "Some employees are
    527 words
  • Article
    No balm for poor industrial relations
    720 7 THE SPEAKERS MERIT and demerit schemes are no cureall for poor Industrial relations. Oood management-labour cooperation, understanding and trust must prevail before these schemes are applied, said Dr. Lee Chiaw Meng, chairman of the National Productivity Board. He said these schemes are no substitutes
    720 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      386 7 osMfsa *,w-ar a .-"■J!! tnySwK iiMiMe P, t «i« f L i I' t\i f v irTT 11 r < j TODAY Lunch at OKOH -s»- W WW. r TWlm., f V V ■> 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA
      386 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      39 7 BriStoW: Frank Di ckenS LOOK rve fountain ffeN ir4 ony tcsp Rocket Ss r*\eiseLV SP>rne j (£P\Sigjr <=>P<»D"Tmrn v ocnc Tnest scpufcs cvast ee U«ON& TtGHT CUDTneS **cnV«M&? io »'fn P* F£jui oonces OJECU€,i&UT OJV+fVT'S P> Ffeu, v ounces..
      39 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Zurich moves higher in quiet trade
      520 8 EUROPEAN MARKETS ZURICH prices edged higher In quiet trading on Thursday. Insurances drifted lower on profit-taking after recent strength. Among leading Industrials, trading tn Saurer shares was calm, with prices little changed after a strong performance In previous sessions. Sulser lost ground. Utilities fluctuated
      520 words
    • Article
      Zurich
      151 8 JULY 20 mite* Actions Sulsses Alusuisae Br 266 1260 619 unch unch ♦l Brown Boven Br. 1660 1106 unch -5 Clba Oelgy P C Clba Oelgy Reg Credit Suisse Br Credit Suisse Reg Elektrowatt Br Oeorge Fischer Br 815 566 2175 414 17*. 675 420 -5 +1 10 ♦3
      151 words
    • Article
      Paris
      257 8 JULY It Fri CORBBILLE Alr-Llgulde B 8 N Oervaii Danone CS F(Thom«onCieFrancai* dea Petroles Compagnle Financier* Compagnle Oenerale Credit Foncier De France Hachette (Ubralrle) Machine* Bull Mlchelln(B) Parlbai Pechiney Clflne Kuhlmann Peugeot 1 Phlflp»(NvOem Betlt) PrlntempeSA Rhone-Poulence 8A Royal Dutch Sues<Cle Flnan De) Thomaon-Brandt Uslnor 331 Ml 280.90 134
      257 words
    • Article
      Amsterdam
      178 8 JULY ru >/- ABN MS 00 unch Ahold 106.00 >2.5 Akzo 30.00 ♦0.8 AMEV 63.00 >0.2 Amfu 106.00 unch AmrotBank 76.00 -0.1 D P lenoM 90.uu -i lerk 91.00 >0.6 n loll 72M -OS BortumlJ 196.90 >0.9 Burhmann 70.60 >0.2 Byenkorf 03.60 >0.6 Calve Delft 160.00 -3 DellMlj 131.20
      178 words
    • Article
      Brussels
      91 8 JULY FYs FORWARD market Acec SIS +S Arbed 2420 ■4-20 Aitur 588 +8 Brascan 478 11 Bru-Lamb 1S4S +5 Canpac Cock 582 438 14 -4 De Beers 1M -1 Ebes unch Electro bet MOO unch Ob-Inno-Bm unch Oev 1302 -8 Hobok 2325 -30 Petro 3790 +40 Ryl Dutch 2000
      91 words
    • Article
      Frankfurt
      204 8 JULY U Dm Aef-Telefunken 81.50 1.5 Akso n so ♦0 3 Alls Lcbcn Alls Vers ♦78 +0 5 BASF 133.10 ♦08 BtyHTWbsnk 291B ♦0 5 Bay Vbank 328 50 Bayer 134.70 +02 BBC 312 -3 BMW 257 50 +4 5 Casaella 387 Chem Verw 265 -3 5 Commerzbank 232
      204 words
    • Article
      Milan
      94 8 JULY M Lin Anlc AMocOen Bajlofl Central* rut Plnalder Oenlmmob ITIPrl Italcementl lUlfH ttalaider Mafnetl M Pf Marclll Ere Medlob M lra 1 ana Mondadori Montedan MotUBlo Otlvt Ord OHvt Prl Plarrel PtrtlllEC PlrtUl 8pr Rlnaactc 8TET 3ifa Bnia Viae Unldat 100 371(0 4*1 >800 1740 W 11 3280
      94 words
    • Article
      Selected indices
      60 8 FINANCIAL TIMES Wednesday 107 to 107* INDUSTRIALS H.R. HANG 8ENG Thursday 470.4 Wednesday 467.7 Week Ago 473.0 Friday 567.09 Thursday 554.04 Week Ago 567.38 DOW JONES AVERAGE INDUSTRIALS Thursday 838.62 SYDNEY INDUSTRIALS Friday 429.55 Wednesday 840.70 Week Ago 824.76 Week Ago 428.70 ALL ORDINARIES LONDON DOLLAR Friday 503.81
      60 words
    • Article
      Toronto
      237 8 SHARK prices closed sharply higher tn_actlve trading on Thursday. The composite Index waa up more than eight wants its 14 component groups t0 C 153 n wto^b «Sloiiw« 174 SSS 2 u o H !Sr*to «u "P. OD« to )M| before being 55 JULY M CI w JPV:::::::::: 8!
      237 words
    • Article
      Jo'burg
      234 8 J rULY M Rand INDUSTRIAL® Alpha Lbercom LB And CI lMIC IM IM m I0M 41 10 ♦I artow» •urrta Finance Bwn Ind dcon MO tao ITS M 1900 IM -7 ♦10 unch unch Edgars Ever*i4y Pad Vol* Fuflt Qartian Otananl Oratemn B 1780 WO M MB B8 110
      234 words
    • Article
      Lock icon Blue chips decline
      562 8 TOKYO Source: DBS-Daiwa HIQH-PRICXD blue chips such aa light electrical and pharmaceutical iuun declined sharply due to selling by Institutional Investors vesterdsy. However, medium-priced chemical and machinery Issues continued to rise on heavy volume Turnover was heavy and reached the 400-million share level for the first time
      Source: DBS-Daiwa  -  562 words
    • Article
      Lock icon Hongkong
      366 8 Source: SHK See THE market continued yesterday In lta dull conaolldatory phaae with only a four-point range on the Index. In very thin turnover, the market was easier In early trade hut tome persistant buying of HK Wharf shares and their warrants (highs of HK523.80 and 962.00 were reached)
      Source: SHK See  -  366 words
    • Article
      Sydney
      366 8 THE MARKET WU firm, with Intereet centred on selected mining and coat atocka In fairly active trading yeaterday Uranium* firmed following Auetralla'a algnlng of Ita flrat nuclear safequards agreement, with Finland Pancontlnental rose 30 to ASM.BO. Queensland Mines 10 to $2.75, Kathleen Investments five to 82.35, Peko six to
      366 words
    • Article
      Manila
      117 8 THE MARKET closed higher across the board yesterday,,on higher copper prices. Turnover (ell to 20.80 mlHton pesos from Thursday's 2T.70 million. u JI LY 21 Pesos Acoje Mining 0128 *0 0005 Atlas Con. A Atlas Con B 28 00 Baguio Gold OOM ♦0.0004 BenguetCon. B BF Ooodrlch 31 20
      117 words
    • Article
      Bangkok
      230 8 THE market closed mixed yesterday with the Book Club Index falling 0.25 point to 104.36 on turnover of 42 million baht. Dealers said General Finance fell nine baht to 330. Jalaprathan Cement two to 280, Duslt Thanl three to 328, Rama Tower one to 104, Indo Thai two to
      230 words
    • Article
      CHICAGO BOARD OPTIONS
      1307 8 July 20 CHICAGO Board Options Exchange volume welled up to 180,480 contracts on Thursday from 185,796 on Wednesday. Yesterday was the last day for trading,the July options series, which expire today. I OPTIONS FLY XT IAN STOCK Alcoa 40 1 l/l 5 JNTRD 411/1 Alcoa 46 ZH
      1,307 words
    • Article
      Late selloff pulls stocks down
      1095 8 NEW YORK A LATK SELLOFT on "njureday pushed stocks slightly low u interest rata concarea overcame initial strength from bullish corporate profit raporta. Analysts said many investors were still not cartaln about tha trend of US monetary policy or tha future course of Interest rate
      1,095 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      84 8 PAN Paperback vP It THE HONOURABLE SCHOOL' t HIS LATEST I WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME. PERHAPS OF ALL TIME ii'iij- mil I'l Kl W I- I K! '1 i I I ill >r >>• >liln r >i>\ I .1! ..I N. mik-hI li I I
      84 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Analysts see mixed results at clearers
      616 9 1 EUKOPKAN Reuter LONDON: Investment analysts believe first half 1978 S re-tax profits of Lloyds lank Ltd and Midland Bank Ltd will be below those for the same 1977 period while Barclays Bank Ltd's profits will be higher and National Westminster's about the same.
      Reuter  -  616 words
    • Article
      Lock icon American Credit, Barclays plan to merge
      259 9 Reuter AMERICAN Credit Corp said It entered into an agreement to merge with Barclays Bank Inter- t national Ltd, under which Barclays will buy all the common stock of American Credit for US$5O a share cash. The merger is valued at about $191 million,
      Reuter  -  259 words
    • Article
      Lock icon Reardon Smith loan
      176 9 Reuter BRITISH shipping group, Reardon Smith Line Ltd, reached agreement in principle to a deferment of repayments of principal with all the lenders in respect of all loans secured on their fleet, Hambros Bank said as the company's adviser. In addition, Reardon Smith has undertaken to make
      Reuter  -  176 words
    • Article
      Lock icon Seoul looks to AAR for coal reserves
      235 9 Reuter BRISBANE: AAR LTD officials have exchanged several visits with South Korean interests in connection with Its Yarrabee, Queensland, anthracite reserves, Its chairman Mr. D.D.Brown revealed. If a satisfactory long term sales contract can be negotiated, it would be possible for a project
      Reuter  -  235 words
    • Article
      Lock icon Nippon Mining, Sumitomo results
      167 9 Reuter TOKYO: Consolidated net income at Nippon Mining came to 3.39 billion yen, for the year ended March 31 (no previous comparison figure as the company Is announcing consolidated results for the first time). Sales were 573.46 billion yen while earnings per share totalled 0.89 yen.
      Reuter  -  167 words
    • Article
      Amatil lifts first half profit
      217 9 SYDNEY: Amatil Ltd said it expects profit for the year ended Oct 31 will be higher than the A 124.10 million earned after tax In the previous year. As reported earlier, the group lifted after tax profit to $14.29 million in the first half year
      217 words
    • Article
      Marinduque
      30 9 MARINDUQUE Mining and Industrial Corp reveals the following results: first quarter (March 31): SHR loss: 0.042 cents vs loss 0.027 cents. Net loss: U553.73 million vs loss $2.35 million.
      30 words
    • Article
      Lock icon Hyatt gets Saudi merger proposal
      169 9 Reuter HYATT INTERNATIONAL Corp said it received an unsolicited merger proposal from Seudi Research and Development Corp Ltd at US$ll a share. The company said the proposal is under consideration by its principal stockholders, the Pritaker family. It added that the Pritzkers are withdrawing their
      Reuter  -  169 words
    • Article
      Lock icon TROPICANA BEATRICE APPEAL
      92 9 Reuter BEATRICE FOODS and Tropicana have filed a motion with the US Court of Appeals to vacate its July 8 order staying the merger of Tropicana into Beatrice. Beatrice said their action followed a decision by federal district Judge George Hart in Washington, DC in which he
      Reuter  -  92 words
    • Article
      Dow Chem
      37 9 DOW CHEMICAL CO announced that its second quarter operating earnings per share came to 84 cents vs 83 cents. Net profit was $154 million vs $154.5 million. Sales :ame to $1.75 billion vs $1.56 billion.
      37 words
    • Article
      Lock icon HONEYWELL SALES AHEAD
      228 9 Reuter HONEYWELL INC. said Its computer rental and service revenues Increased 15 per cent )n the second quarter to U*****.2 million from $149.1 million a year earlier. Revenue from outright sales of computers showed strong Improvement, the company said. Computer revenues and C>fits were ahead of both
      Reuter  -  228 words
    • Article
      Lock icon Am. Airlines future bright
      180 9 Reuter AMERICAN Airlines Inc said It expects higher 1978 earnings than the record US$7O.7 million or $2.15 per share It earned last year. The company said traffic growth has been outstanding In the first two weeks of July, as In the first six months. "We are
      Reuter  -  180 words
    • Article
      Lock icon Kodak optimistic
      144 9 Reuter EASTMAN KODAK said It sees the full year producing good results following a first half showing strong demand rising sales ana sharply higher earnings. The sharp rise In second quarter earnings came principally from increased unit volume and Improved productivity. Led by strong gains in photographic products,
      Reuter  -  144 words
    • Article
      Amex second quarter sets new record
      618 9 N. AMERICAN AMERICAN EXPRESS Company has reported record second quarter earnings of US$79.l million, a sain of 18.2 per cent over the $67 million for the second quarter of 1977. Consolidated net earnings per share for the quarter ended June 30 were $1.11, compared
      618 words
    • Article
      Cyanamid results flat
      91 9 AMERICAN Cyanamid Company, Wayne, New Jersey, announced virtually flat results for the second quarter. The company, dealing primarily with chemicals and drugs, said It- earned U5539.6 million, or 83 cents a share during the period compared with $39.3 million, or 82 cents a share, a year ago.
      91 words
    • Article
      Lock icon Du Pont expects poor quarter
      271 9 Reuter DU PONT CO said it expects second half results, as is traditional, to lag behind those of the first half, but performance for the rest of the year should be reasonably good. In 1977, Du Pont earned US$545 million or $11.06 per share on
      Reuter  -  271 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      190 9 of Singapore 1978 The most comprehensive index and guide to tne business scene. The Straits Times Directory of Singapore 1978 more popularly known as the'BukuMerah', carries more than 27,000 entries covering over 1,500 categories of business. A thorough and efficient cross-reference system puts you in touch speedily with all the
      190 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      Singapore
      1354 10 BID and offer prices officially hated and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lota of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "sett." Big Board deal (In
      1,354 words
    • Article
      Government bonds
      46 10 4 3/4% 15/9/86 (250,000) (100 458 100.506) 5* T P 18/4/81 (250.000) (100 558 100.658) 5 V 4% T F IS/6/81-84 (250.000) (102 606) C 1/4% t F tVOI (250.000) (100.608) 1/4% T F IVIO/53 250.000) (100 508) 1/4% T F 15/9/95-97 (250.000) (100.378)
      46 words
    • Article
      Stock options
      105 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. Cold Storage (Sept $1.70) (0 628 0.755) C and C (Sept $2.20) (2606) F and
      105 words
  • Article
    SHARE INFORMATION SERVICE
    2491 10 1978 High Low Lut Company Sale +orGfe's Dlv Div Crr Gr'i YTd Not P/E Vol C6» Day 8) High Low -4 SECTION ONE INDUSTRIALS ft J 230 233 172 210 280 83 278 288 210* 478 132 123* 112 133 195* aow 162 173* 140* 256 Ac
    2,491 words
  • Article
    Unit trusts
    140 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Miufm 1 prion The Commerce far July 24) 2.10 2.23 INCOME BOND 1.07 1.12 The Saving Fund S'pore Prof Fund 1.34 1.42 1.08 1.00 *U0U BUMIPUTRA FUND Auun' oriea* far Julv 14 S pore Security Pund l.M 2.00 1.20 l.Mxd Flrdniumlputra 2.00
    140 words
  • Article
    In Kuala Lumpur
    1711 10 BID and offer prices officially listed aad 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 AJlnamate (2.M8 2.608). Aleem (2.208 2 288) (1) 2.24 A Owe
    1,711 words
  • Article, Illustration
    Market takes a breather
    1007 10 THE bull roar on the Slock F.«rhsn|« of Singapore wag considerably muted by yesterday and the market drifted in km volume. While the market waited for announcements of Sime Darby's future commitments, the time was taken up by speculative play on a few stocks. Brokers said
    1,007 words
  • Article
    KLSE shares slightly erratic
    527 10 PRICES finished mixed tc slightly steadier in selective trading at the Kuala Lumpur stock market yesterday. Volumes were again moderate and prices slightly erratic. Total turnover yesterday amounted to 3.92 million units worth M 58.89 million as compared with 4.51 million units worth $10.38 million previously.
    527 words
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  • COMPANY NEWS
    • Article
      Bovis improves its cash flow
      896 11 BO VIS Southeast Asia has taken the first major step to put Its house In some semblance of order financially. This Is the Impression one Ets while looking through i annual report. The company has converted the bulk of Its short-term liabilities Into longer term
      896 words
    • Article
      SPPL makes offers
      184 11 SINGAPORE Paper Products Ltd (SPPL) said it made an offer to all the minority shareholder* of its 60.67 per cent owned Tancbo Plastic Industrial Ete) Ltd to acquire the lance of 5,900 aharee of fl each at $3 per share. It said, to date, 4,760 shares have
      184 words
    • Article
      DIVIDENDS ANNOUNCED
      322 11 Current Ex Book* Date Total for Total for payment Date cioae payable the year previous year M. Container* 22%<b) Jun 10 Jun 28 Jul 24 22% 20%(b) Lien Hoe 6% Jun 21 Jul 1 Jul 24 12% 11.3%(a) Bukit Sembawang 20%(b) Jul 10 Jul 15 Jul 24 20%
      322 words
    • Article
      SCRIP ISSUES
      128 11 Company Particulars Ex Date Books Close Pa(i Malaysia Great Eaatera Life M'tia FeedmiiU Lira Hm Sentoaa Plywood Syatketic Raaiiu Faker Merlia Bonus Issue of i for 5 Bonus Issue of 1 for 2 Rights Issus of 1 for 4 ©TlOOper share Rights Issue of 1 for 4 <391.00
      128 words
    • Article
      Concrete woes still bog down M. Cement
      855 11  -  By ARTHUR NG ANY hope of a recovery in the cement Industry in Malaysia in the immediate future is dashed by the persistent low selling price of the commodity. Such Is the bleak future facing Malayan Cement whose latest Interim results serve to
      855 words
    • LATEST RESULTS
    • Article
      Worldwide gets a qualified report from auditors
      498 11  -  By JIMI NGOH WORLDWIDE Holdings' accounts for the year ended Dec. 31, 1977 has earned a qualified report from Its auditors, Peat, Marwlck, Mitchell and Company. They said they were unable to express an opinion as to whether the balance sheet and profit
      498 words
    • Article, Illustration
      Jack Chia-MPH liquidates its UK subsidiary
      346 11 JACK Chla-MPH Ltd (JCMPH) said Its UK subsidiary, Jack Chla-MPH (UK Ltd, which was primarily Intended to service the West Asian market, is not active and Is being liquidated voluntarily. This was because it is more economical for the group to service the West
      346 words
    • Article
      COMPANY MEETINGS
      199 11 Consolidated Hotels Ltd: AGM to be hekl at the Function Room, 5th Floor, Peninsula Hotel, Coleman Street, Singapore, at 10.00 a.m. on July 22. Singapore Paper Products Ltd: AGM to be held at 315, Alexandra Road. Singapore at 12 noon on July 24. Allied Chocolate Industries Ltd: AGM
      199 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      137 11 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the genera* 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
      137 words
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  • Article
    Lock icon Ushiba to brief Singapore on Bonn summit
    472 12 AP Reuter JAPANESE External Economic Affairs Minister Nobuhlko Ushiba will visit Singapore next Wednesday to brief Singapore leaders on the results of the economic summit In Bonn. A Foreign Ministry announcement In Tokyo yesterday said Mr. Ushiba will visit Thailand from July 23
    AP; Reuter  -  472 words
  • Article
    MNB sues for $9.5 m
    263 12 THE Moscow Narodny Bank has sued property developer Mr. William Goei Siang Hoey and Madam Tan May Lee for $9.5 million Mr Goei and Madam Tan are directors and major shareholders of Goldhill Properties Pte Ltd. It does not appear likely that the suit is
    263 words
  • Article
    Lock icon Pent-up spending boosts growth
    426 12 AP THE US economy grew Its fastest in more than two years during the spring, but Inflation during the second quarter of this year was the worst in three years. The Commerce Department said consumers In the spring made the purchases they postponed during the severe
    AP  -  426 words
  • Article
    Lock icon Healey to extend dividend restraint
    320 12 Reuter BRITISH Chancellor of the Exchequer Denis Healey told Parliament that statutory controls on dividends will be extended for 12 months on the present basis, but companies will be allowed to Increase dividends in line with profits. From Aug. 1 no company will be required
    Reuter  -  320 words
  • Article
    Task force shapes up US export strategy
    982 12 A BOOST FOR DOLLAR A PRESIDENTIAL task force plans to submit to President Carter shortly an export promotion proposal Intended to increase American exports by US$lO billion (8*23 billion) to $15 billion over five years. Administration officials said the proposed national export policy
    982 words
  • Article, Illustration
    Lock icon WORLD HEADS FOR RECORD RICE CROP
    683 12 Reuter AP THE US Department of Agriculture projected a record 1977/ 78 world rice crop of 363.0 million tonnes (rough basis) mainly as a result of a continuation of the basic long-term uptrend in yields In most major producing countries. The USDA, In its
    Reuter; AP  -  683 words
  • Article
    34 failed to inform SES
    427 12 A DISTRICT court judge, Mr. Chandra Mohan, was unhappy to learn yesterday that a number of company directors had failed to inform the Stock Exchange of Singapore of changes in their shareholdings. He said this when defence counsel, David Marshall asked whether he would like
    427 words
  • Article
    EEC bid to revive textiles, clothing
    207 12 AN EFFORT to revive the West European clothing and textile Industry, where some 765,000 Jobs have been lost since 1970, was announced by the European Commission the Common Market executive. The Commission made public on Thursday some of the general ideas It is putting
    207 words
  • Article
    LONDON STOCKS
    772 12 LONDON Frl. Share prices closed higher today a favourable response to the British government's White Paper on pay and dividend. Trading Interest was moderate and at 3 p.m. the Financial Times index was up eight polnU at 478.4 Government bonds rose by up to point, with sentiment aided
    772 words
  • Article
    Lock icon Foreign firms providing more jobs for Americans
    380 12 UPI AP FOREIGN Investment In US manufacturing, which has increased faster In 1977 and this year than at any other time since World War Two, is spurring employment for American workers, the Conference Board reported. A record 101 foreign manufacturing Investments were announced
    UPI; AP  -  380 words
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      176 12 ONE GOOD PUBLICATION THAT'S worth a thousand watts II 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 mere
      176 words