The Business Times, 25 July 1978

Microfilm: NL9760
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, JULY 25, 1978 SOCENTS
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  • BRIEFLY...
    • Article
      Lock icon S'pore-KL air talks
      83 1 Reuter. KUALA LUMPUR, Mon. The current fifth round of talks to renew the bilateral air services agreement between Malaysia and Singapore could be conclusive If both sides can make some concessions, Informed sources said today. Both countries, after four rounds of protracted negotiations, were looking for an
      Reuter.  -  83 words
    • Article
      Lock icon State of Micronesia
      84 1 Reuter. AOANA, Ouam, Mon. A chain of dot-sized Pacific islands today appeared headed for unification after three of six electoral districts had approved a proposed constitution for a federated state of Micronesia. The constitution tying the 2,114 West Pacific islands and paving the way for an end
      Reuter.  -  84 words
    • Article
      Lock icon Banking supervision
      54 1 Reuter. LONDON, Mon. The British government Is expected to publish a policy paper on banking supervision tomorrow, government officials said. Informed sources said the chances of the white paper being transformed soon Into a BUI to be put before Parliament are slight as Parliament Is expected to recess
      Reuter.  -  54 words
    • Article
      Lock icon Drop it!
      58 1 Reuter. CANBERRA, Mon. The Confederation of Australian Industry urged the government today to drop proposals for taxes on part of Income earned by companies and Individuals outside Australia. In a statement the confederation's director general of trade and industry Mr. Bill Henderson said the plan could cause political
      Reuter.  -  58 words
    • Article
      Lock icon Trade houses
      69 1 Reuter. MANILA, Mon. The Philippines will open 12 new trade houses abroad this year to secure better market penetration, the Trade Ministry said today. This will bring to 44 the number of trade houses the Philippines had set up in various parts of the world. The 12 will
      Reuter.  -  69 words
    • Article
      Lock icon Thai borrowing
      62 1 Reuter. BANOKOK, Mon. Thai foreign loan borrowing for development projects In fiscal 1079, starting In October, will rise to US$l.2B billion from $1.02 billion in 1078 (552.04 billion from $2.35 billion), National Economic and Social Board sources forecast Of the foreign loans, about $287 million would be contracted
      Reuter.  -  62 words
    • Article
      Yard's $20m plan
      32 1 SEMBAWANO Shipyard has started on a $20 million modernisation programme which Is expected to take three years to complete. It Includes the construction of a $9 million finger pier.
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    • Article
      Lock icon Dow Jones
      66 1 UPI NEW YORK, Mon. Prices headed lower today In moderate trading as Investors took a dim view of the dollar's precipitous slide abroad. The Dow Jones Industrial average, which Rave up 5.20 points on Friday fell 5.80 to 827.61 around 1500 OMT. The Indicator lost 6.41 points overall
      UPI  -  66 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      141 1 Rite* Most active MTC 700 +30 Haw Par 2.208.000 Rothman* 470 -1-18 Sigma Metal 275,000 M UI 238 18 Sime Darby 271,000 Selangor Dredf Haw Par 450 158 18 12 Harimau Cona Plant 219,000 185.000 Ayar Hitam Tin 1 D K era mat MBS 1040 950 300
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    • Article, Illustration
      In Kuala Lumpur
      172 1 Rises Most active M. Tobacco 7.25 .30 Haw Par 907,000 Guinness Bolton M.U.Ind 7 25 2.00 2.40 .25 .15 .14 Consplant S. Darby Bolton 410,000 325,000 285,000 P. Chem 3.24 .14 Haw Par 1.64 .13 Total Turnover: 4.M m Rothmans 4.74 .12 Total Value: MS 10.35 m
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  • Article, Illustration
    New investment thrust by POSB
    684 1  -  BANKS HAVE A PARTNER By COLIN CHEE THE POST Office Savings Bank (POSB) Is to broaden and diversify Its Investments In Singapore by participating with commercial banks In property development, capital Intensive Industries, and touristorientated projects. It will also become more active in the Asian
    684 words
  • Article
    Textile club to meet in Nov.
    215 1 SINOAPORE'S textile and garment manufacturers have formed a Joint standing committee to represent the Industry at the Asean Federation of Textile Industries. This regional grouping was one of the 14 industry clubs proposed at the April meeting of the Asean Chambers of Commerce and
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  • Article
    Asean market for bankers' acceptance
    502 1  -  By SOH TIANG KENG THE ABEAN market for bankers' acceptance, which will expand the region's refinancing capability and make Its commodities more competitive, may be launched next year. The hint was dropped yesterday by Dr. Tony Tan, who led the Singapore delegatlon to the fourth
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  • Article
    DOLLAR TUMBLES
    299 1 THE US dollar fell sharply against the world's major currencies on European foreign exchange markets yesterday after dropping below the 200-yen level In Tokyo earlier. By mid-day In London It had plunged to a record low of 197.75 yen. A year ago, the dollar was worth about 265
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  • Article
    Overnight rates soar as stocks go on sale
    296 1 OVERNIGHT rates on Um domestic interbank market hit a high of 25 per eant as the Government's 1728 million ragisterad stocks went on sale yesterday. This level la the highest reached in the Interbank market for overnight money in more than a
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  • Article
    FASA lines up five projects for discussion
    422 1  -  ■y PETER CHIA MEMBERS of the Federation of Asean Shipowners' Association will meet on Aug. 1-3 In Singapore to discuss a project on joint shipping services. Another four projects on ship financing, bulk shipping, feasibility of participating In other conferences and shipbuilding design
    422 words
  • Article
    Lock icon Poor GDP increase
    113 1 UPI. THE QROSS domestic product In the world's 30 least developed countries rose by only 0.6 per cent In the period 1070 to 1977, the UN Conference on Trade and Development said yesterday. Growth, on a per capita basis, rose by 2.7 per cent for all developing
    UPI.  -  113 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      27 1 Wiyfbong A feeding hand when Wayfoong Mortgage VOU OCCJ and Finance J. (Singapore) Limited ll iTIOSI Shaw Houie. Ground Floor, 354 Orchard Road. Singapore 9. Tel: *****7.
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      Page 1 Advertisements Column 2
      53 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant IHJ i] HinRV nnc rgeiuies pie ud HIIUNI I Al.l N I Ml I lANCI I) IM HI HI )I. < H 144 H JA i AN CHI vA ll H BANIIAII SI Ml HI ,A /WAN
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      Page 1 Advertisements Column 3
      88 1 SEE BACK PAGE SHIPPING TIMES H5 i e l, ai eeee ememlous LONDON money market potential In Slnnport 2 caught la A trap 8 WHAT makee the Yaohan FEHD minority holders advised incentive scheme work 2 to accept offer 11 DOWN memory lane with the ORIENTAL Holdings set to rubber
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      Page 1 Advertisements Column 4
      76 1 N PLAJN FttPER COPYING Singapore Tel: *****4 (2 Lines) Effective management bridges the gap between property owner and property occupier. Only through professional advice can the gulf be spanned. i? I*// •irff pr PRO PRO J PRO Jf PROJI < f*UOM T man/u.i mi nt mm 5 'OA-* z Richard
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  • TRADE AND INDUSTRY
    • Article
      Excessive tax is sapping the rubber industry
      688 2 MALAYSIA'S rubber industry is in danger of being eroded by excessive taxation, said Malaysia's former Finance Minister, Tun Tan Slew Sin. Calling on the government not "to kill the goose which lays the golden eggs" Tun Tan pointed out that excessive taxation has
      688 words
    • Article
      Anatomy of a good incentive scheme
      445 2  -  By FOO CHOY PENG YAOHAN S productivity incentive scheme, implemented two years ago»is designed to raise staff efficiency and Improve service to customers. The Yaohan scneme was singled out for mention by Dr. Goh Keng Swee, Deputy Prime Minister and Minister of Defence, when
      445 words
    • Article
      Lock icon Tin output higher
      105 2 Reuter PENINSULAR Malaysian tin concentrates output rooe„ to 6,960 tonne* in May from 6,569 tonnas in April and 6,714 tonnes in May, 1977, Statistics Department figures show. Production In the first five months of this year was 33,380 tonnes compared with 33,257 tonnes in the same period
      Reuter  -  105 words
    • Article
      UK chamber mission sees top potential in Republic
      428 2  -  By RAHIM KASSIM THE Singapore economy was described as buoyant, "with lots of potential" by the leader of a British trade mission. Mr W. E. R. Brown, leader of the mission from the City of Westminster Chamber of Commerce, said the team,
      428 words
    • Article
      Lock icon JAPANESE BUY MORE HONGKONG GARMENTS
      278 2 AFP THE Hongkong Trade Development Council reports a 15 per cent Increase in sales of garments and accessories to Japan In the first quarter of this year. The council said the sales value of HKS97 million (5548.5 million) Included an Increase of 97.5 per cent
      AFP  -  278 words
    • Article, Illustration
      Using air pressure to build domes
      167 2 THE Australian city of Brisbane is to have a A 53.5 million (559.3 million) shopping centre made of concrete domes which are fixed in position by air pressure. The inventor of the domes, called Binishells, is Italianborn architect Dr Dante Bini. The shopping centre
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    • Article
      A slightly more polluted second quarter
      191 2 THERE WAS a slight increase in total acidity levels, smoke, dust-fallout and suspended particles in the atmosphere in the second quarter compared with the 1977 period. The Increase in total acidity In urban areas was higher than that In the industrial and rural areas.
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    • Article
      Cash before cover upsets car dealers
      287 2 THE Perak Motor and Finance Association ex* pressed concern over the proposed "cash before cover" insurance which Is expected to come into force on Sept 1, in Malaysia. "We do realise that Insurance companies have millions of unsettled debts," said Its president, Mr. Foo
      287 words
    • Article
      Lock icon German firm to supply chemical plants to China
      311 2 Agencies. UHDE OMBH, a Wast German engineering firm, •aid It received an order worth around 200 million marks (***** million) from China to supply five chemical plants, mostly for a planned chemical complex at Tachlng in northeast China. The contract from the
      Agencies.  -  311 words
    • Article
      MEMO PAD
      408 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 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-14: Design of experiments; NPB
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      260 2 AM he needed was a financial leverage to expand. Doyou? A paper products manufacturer had to increase its production capacity to meet market demands. But it meant moving to bigger premises, increasing h® overheads and level of inventories. He needed additional operating cash to stabilize cash flow and provide credit
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      527 2 CRYPTIC PUZZLE ACROM 1 Unhealthy boya? (4) 4 School that breaka up (6) 5 Ccr,tuner for turn? (8) 10 Beaatly Olbraltartana? (4) IS Shared In proportion by 14 Smjocu oV Shelley? (7) r maternal by nature (6 as A amaahlni white horae? (7, S3 Cora lied ifcout her of love
      527 words
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  • OVERSEAS
    • Article
      Lock icon American industry's rally will peter out
      793 3 NYT. AMERICAN INDUSTRY'S earnings soared In the last three months propelled by the strong thrust In the economy primed by greater consumer spending and boosted by the rising inflation rate. Quarterly reports showed that corporate profits have scored major gains In almost all industries.
      NYT.  -  793 words
    • Article
      Lock icon HEAD-ON CLASH OVER LISBON'S FARM POLICY
      198 3 UPI. AN IMPASSE over farm policy yesterday pushed the partners in Portugal's five-month-old coalition government onto a collision course. The Conservative-centre Democrats said they would quit the coalition unless Agriculture Minister Luis Saias was fired and his policies changed. The dominant Socialists replied with
      UPI.  -  198 words
    • Article, Illustration
      Wang's billion-dollar hope
      263 3 WANG Laboratories of the US has introduced a new computer line that will boost iti turnover into the billion dollar bracket in the next decade from the current USSSOO million (5f1.15 billion). The 2200VS virtual memory processor and three packaged interactive computer aytems called WCS/50, WCS/60 and
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    • Article
      Lock icon North Sea oil tax may rise to 60 pc
      354 3 Reuter. THE BRITISH government la considering tightening up regulations under which private companlea exploit North Sea oil deposits and may charge higher taxes on the oil Disclosing this an Informed source In London said the proposed changes could Include amendment of
      Reuter.  -  354 words
    • WORLD IN BRIEF
      • Article
        Lock icon AUSTRALIAN $ DOWN
        523 3 AUSTRALIAN DOWN Agencies THE OVERALL value of the Australian dollar was lowered again yesterday as the exchange rate fixing authorities responded further to the decline In the US dollar. The Reserve Bank of Australia said the authorities lowered the Index of the trade weighted currency basket used to measure the
        Agencies  -  523 words
    • Article
      Lock icon Fed tightens up further as economy rebounds
      631 3 UPI. THE U8 Federal Reserve adopted a more restrictive monetary policy, moving Its Federal funds target to the 8 per cent range from 7* per cent, said the latest weekly comment on the US money market by Alan C. Lerner, senior vice president
      UPI.  -  631 words
    • Article
      Lock icon Bonn's plan to spur growth will not work
      391 3 Reuter. A WEST Oerman government programme to pump 13 billion marks (5114.5 billion) or one per cent of GNP Into the economy to stimulate growth will have little effect, said economist Hans-Juergen Schmahl In an interview with the newspaper Bild Am Sonntag.
      Reuter.  -  391 words
    • Article
      US protest fails to halt $138m loan to Hanoi
      277 3 THE WORLD Bank has agreed in principle to lend Vietnam up to US$BO million (SSI3B million) for rice development. A bank executive on Sunday said the loan committee would discuss the Vietnam application this week. Bank spokesman John Merrlam confirmed that
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    • Article
      Lock icon Copper talks reach deadlock
      117 3 Reuter MAJOR copper mining and importing states meeting under the auspices of the UN Conference on Trade and Development (Unctad) failed to resolve major differences over the creation of an inter-govern-mental body at the end of their one week meeting In Geneva, organisers said. The meeting
      Reuter  -  117 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      225 3 So You Think You Know What Has Happened In Asia Lately? Read Rundt's Asian Intelligence and discover all that you missed. RUNDT'S ASIAN INTELLIGENCE ~~~~~~~~helps bankers, exporters and investors in Asia in —~~:r" four ways. Hr 1 First, it puts at your fingerr_' f tips the latest facts and brL
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      Page 3 Advertisements Column 2
      161 3 Your welding results are only good as your welding equipment. Ask HoechsL > r if Pi V-d 4 m, mni The quality of a weld depends on more than just painstaking care. The quality of your equipment is as important a factor. Hoechst gives you the certainty of first-class equipment
      161 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      351 4 OPENING prices here yesterday were marked up slightly on higher London advices and the market rose further on speculative buying before easing slightly towards the morning close on upcountry selling and renewed stale bull releases. The morning session closed slightly higher with August One RSS buyers
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    • Article
      Closing prices
      28 4 Rubber: July 24 Singapore: August 228.25 cents (unchanged) Malaysia: August 233.75 cents (up 0.25 cent) Tin: Mf1.700 (down St) Official offering: 205 tonnes (down five tonne*)
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    • Article
      RAS PRICES
      343 4 Price* in cent* p«r kilo yesterday: 1 Noon (per kilo) Cloae (per kilo) Int. 1 R.S.8. prompt f.o.b. Int. 1 R.S.8. Aufuit Int. 1 R.8.8. September Int. a R.8.8. UK/Cont. Int. SR.8.8. UK/Cont. Int. 4 R.8.8. UK/Cont Int. SR.8.8. UK/Cont. Buyer* 239.SO 229.78 230.00 220.00 219.00 217.00 218.00
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    • Article
      SSR AND SMR
      112 4 NOON SSR and 8MR prices yeitertUy RA8 Auffuat (Current Mill) Sot (F«m wMMtk) Buy* ra Sellers Buyer* Sallara (ee nt» par kf) (oant a i SSR 20 (1-ton pallet) 211 00 213 OON 212.00 214 OON SSR SO (1-ton pallet) 20C 00 211 OON 210.00 212.OON MRELB
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    • Article
      Copper
      108 4 COPPER wlrebars In London yesterday finished the morning up £7.5 for cash and £8.5 for Three Months. Values were marked up initially following the New York close on Friday, a sizeable fall in stocks, the strength of gold together with a background of reduced copper production from the Kolwezi
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    • Article
      Straits tin
      177 4 THE STRAITS tin price in Penang yesterday eased MM to $1,700 per picul, the new International Tin Agreement celling:. The easiness reflected the weak closing at London over the weekend although some active Japanese and local buying was noted at this level, dealers said. Turnover dropped slightly to
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    • Article
      Rice
      200 4 BANOKOK rice prices were quoted as follows yesterday: (In US dollar* par tonne F. 0.8. bull Bangkok) Whiiu Rio*: 100 pet lit rtaaa 412.100 pet 2nd claw 307, 100 pet Srd clan 302. 5 pet 359. 10 pet 362. IS pet 387. 20 pet 352. 28 pet 342 38
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    • Article
      Coffee
      123 4 ROBUSTA futures In London yesterday, ended the opening call at new contract lows down £2 to £15 per tonne compared to Friday. Turnover totalled 249 lots with the market tone slightly easier. September met mixed trading. Initially, this position gained up to £20 at a high of £1,155 before
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    • Article
      Silver
      56 4 THE Hongkong silver market yesterday closed unchanged from Its Saturday closing of HKJ247.50 per 10 ounces, which was equivalent to 5.3169 US cents per ounce and slightly lower than Friday's New York July closing of 5.4730 cents, dealers said. The day's turnover was estimated at 10,000 ounces, while the
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    • Article
      Zinc
      43 4 ZINC In London yesterday finished the morning up £3.0 all round. This metal found shortcovering support against US physical business on Friday, dealers said, and~Three Months traded up to £318 before profit-taking pared gains. Sales of 1,825 tonnes were about half carries.
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    • Article
      Produce exchange
      250 4 PRICES remained unchanged on the Singapore Chinese Produce Exchange yesterday. There was no movement In the pepper market as buyers kept away, reported one packer. New arrivals were three tonnes, a low level compared to previous shipments. However, this was noted as a supplier reaction to the recently-revised
      250 words
    • Article
      Hongkong Comex
      347 4 THE sugar market yesterday closed 0.30 to 0.43 US cents lower on scattered commission-house selling in continued quiet trading. Dealers said there were 17 lots traded against 10 on Friday, while the Hongkong dally spot sugar price eased 0.15 to 8.30 cents. Sugar futures closing prices: Previous C
      347 words
    • Article
      Gold
      365 4 OOLD prices in Singapore remained at the new nigh yesterday following the weakening of the US dollar and the sudden demand for the precious metal In Hongkong over the weekend. The kllobar opened at 8814,474 and closed at 114,378 maintaining Its previous level of 114,494/50. Spot gold for London
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    • Article
      Lock icon Copper supply and demand in balance
      1130 4 NYT. COPPER futures prices may not reflect It yet, but the supply and demand of this basic industrial commodity are finally coming into balance after four years of often staggering global surpluses. Indeed, many copper market specialists now hold that usage of the metal
      NYT.  -  1,130 words
    • Article
      Cocoa
      92 4 TERMINAL COCOa In London yesterday opened with average gains of around £12.50 per tonne but in quiet, featureless trading. Dealers said steadiness in New York on Friday was counterbalanced by strength of sterling against the us dollar. Resale physicals were quiet Apart from a few specialised inquiries. Origins were
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    • Article
      Lead
      63 4 LEAD ended the morning up £0.25 for cash and CI for Three Months in London yesterday. The p re-market reflected the strength in copper with Three Months trading up to 1*315 per tonne. But the higher levels attracted long liquidation, particularly for cash and this, In turn. Influenced the
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    • Article
      Lock icon USDA forecasts a record Argentine oilseed output
      537 4 Reuter. THE US Agriculture Department has forecast total Argentine oilseed production in 1978 at a record 4.4 million tonnes compared with 3.8 million last year, due mainly to substantially larger plantings of soybeans and sunflowers. Its weekly magazine Foreign Agriculture also said edible
      Reuter.  -  537 words
    • Article
      Lock icon Lower weekly NSPA soybean crush
      242 4 Reuter. REPORTING members of the US National Soybean Processors Association (NSPA) crushed 15.6 million bushels of soybeans during the week ended July 10, compared with 16.8 million the previous week and 11.2 million bushels in the corresponding week last year. The NSPA said crushing capacity
      Reuter.  -  242 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        572 4 THE US dollar crashed below 200 yen on foreign exchange markets yesterday. It also sank 200 points against local dollars while sterling firmed 200 points against It. In the domestic Interbank market, overnight rates touched 25 per cent as panic borrowing hit the market during post clearing hours.
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      • Article
        Asian $ & CD rates
        189 4 Asian CD rates ASIAN currency Interbank rates as on July 24: deposit at close US Doll Ottm 7 day* 1 mth 2 mths 3 mths 6 mths mths 12 mths ..81/16 ..IS/11 .11/2 .811/18 .81/4 .81/4 ..8 5/18 7 15/16 81/16 IM 88/16 81/8 81/8 8 vie 8w. Fr». DM.
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      • Article
        Discount
        44 4 RANGE of price* offered by discount house* on July 24: Overnight IHH Call deposit ftH to (tata Buying SeUinf 3-Month Treasury bills 3H 3K 3- Month Bank bills 5V. 9% 3- Month CD 313/U 513/18 6-Month CD 9* Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rat* at which Singapore banks are currently prepared to lend to their beat customers is 7 per cent.
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      • Article
        Australia/NZ
        61 4 AU8TRALIA and New Zealand exchanges on July 24: AUSTRALIA US dollar I I JOS/1 1400 Sterling 0 0034/0 5003 Ninety-day airmail buying rates: Sterling 0 0236 US duiuir I 1MB Ninety-day forward buying rale* Sterling 0.6042 US doiar 1.1444 NEW ZEALAND: 8tertlng 0 5403/0 5433 US dollar 1 0472/1
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      • Article
        London
        270 4 THE dollar yesterday weakened against major currencies here in Initially hectic trade after Friday's news that the Opec committee of monetary experts recommended pricing oil in a basket of currencies. This factor triggered a fall in the US currency in late New York trade on Friday and also pushed
        270 words
      • Article
        Tokyo
        284 4 THE dollar for overnight delivery yesterday closed at a post-war record low of 199.10 yen, compared with a 200.10 opening and 201.25 at Friday's close, after heavy central bank dollar support intervention. Dealers said trading volume was a hectic US$9OO million. They said the Bank of Japan stepped aggressively
        284 words
      • Article
        Hongkong
        189 4 THE US dollar yesterday continued its decline of last week in very active, nervous trading with most strength in the yen, sterling and Swiss franc. It fell to 199.10/30 yen from its 200.00/10 New York Friday close after touching a low of 198.90/ 199.05. which surprised several dealers who
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      • Article
        Euro $ rates
        189 4 Euro rates LONDON Eurodollar deposit rates yesterday showed little change from Friday's closings, in thin trading reflecting reduced trading Interest In the wake of continued uncertainty over currency fluctuations and the short-term trend In U8 Interest rates, dealers said. Among flxeti dates, Three, Four and Five Months rose 1/16 each,
        189 words
      • Article
        Frankfurt
        43 4 FRANKFURT exchanges opening quotes on July 24: U8 2.0400/10 (2 0520/30) Can 1.0110/30 Stf 3.030/»40 D>l B2.3S/S3 8 rr 115.10/35 Lit 2.417/427 r rr 46.32/42 N Kr 37 65/96 B Fr (com 6 343/353 B Pr (fUt) 6 207/277 Yen 1 0240/55
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      137 4 INVESTMENT REAL ESTATE GOLD COAST AUSTRALIA In Australia's fastest growing city opportunities for investment have never been better With relaxed foreign investment guidelines announced by the Australian Government in June 1978 any overseas investor may invest up to A 5250,000 in real estate without Government approval. Some of the advantages
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  • TRANSPORT
    • Article
      The Boeing boom hits California
      733 5 AIRCRAFT FIRMS, after many years In the doldrums, are predicting a boom of phenomenal proportions as airlines move io replace their aging, fuellnefflclent fleets. The upswing began last May, when Pan Am ordered 12 wlde-bodled TrlStar LlOlls from Lockheed for US$5OO million (551.15 billion). It
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    • Article
      KOREAN AIRLINES PLANS JUMBO PURCHASE
      125 5 KOREAN Airlines plans to purchase two Boeing 747 Jumbo Jets and a DCIO from the United States instead of leasing three Jumbo jets from Japan Airlines. A Seoul economic dally, Seoul Kyungje, said loans totalling US$l42 million (SS22B million) from Chase Manhattan Bank will finance
      125 words
    • Article
      Lock icon Bunker surcharges
      55 5 Reuter THE Australia Northbound Shipping Conference said Its Australia to Japan/ Korea bunker surcharge will be raised to 5.20 per cent from 5.19 per cent on Aug 1. The Australia to the Philippines, Hongkong and Taiwan surcharge will be lowered to 8.87 per cent from 9.19 per cent
      Reuter  -  55 words
    • Article, Illustration
      Giant's 100th voyage
      77 5 THE GIANT containership, the Sea-Land McLean (above), made its 100 th voyage to the ports of Yokohama and Kobe on June 5-6. The McLean ii one of five SL-7 containerships assigned to Sea-Land's weekly trans-Pacific service between the United States west coast and the Orient. Each SL-7
      77 words
    • Article, Illustration
      SHIPS IN PORT
      420 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seroja (after Pacific Pride) 35/36 Holy River (after Gallant 15/10 Kal Yun (0530 hauls after Tennessee Maru) 6/7 Klmm Ann (2300 after Chidambaram) 42/43 King Dragon (0600 after Pabloeverett) 25 Kota Benar (after New Horse) 13/14 Motovun (after Akakura Norfolk Maru)
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    • Article
      Blue Star intends to launch new service soon
      248 5 THE BLUE Star Line will Inaugurate its first regular monthly service on the Australia/ New Zealand/ Oulf route with Its 25,201tonne Australia Star next month. The Australia Star Is one of two specially-designed container ships built for the Blue Star Line. Both
      248 words
    • Article
      Handling charge up
      36 5 MEMBER lines of the Japan and Hongkong/ South Africa Shipping Conference said they will increase the terminal receiving system handling charge to US$5 each revenue ton from MKSI a package from Sept 1.
      36 words
    • Article
      Lock icon Deadline over Airbus draws near for Britain
      618 5 NYT. THE British Government Is nearlng an informal end-of-the-month target date on a decision that will have critical impact on the future of the aerospace Industry. It Is known to be pondering whether to link up with an American manufacturer, with Common Market
      NYT.  -  618 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      701 5 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKO/KUL PAA PA005 0115 SPO/HKO MAS MH801 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH007 0845 KUL MAS MH671 0945 PEN/KUL CAL CI806 1000 HLP CPA CX710 1005 HLP
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      128 5 Change for the Bett X m •v>c 3f*. 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
      128 words
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  • Article
    Spell out the rationale for tax dispute
    544 6 TUN TAN SIEW SIN has heavily underlined the danger that the commercial viability of rubber estates is threatened by what he describes as excessive taxation. He has not offered any supporting arguments to show how heavy the tax burden is, choosing to let
    544 words
  • Article, Illustration
    100 YEARS OF RUBBER – STILL GOING STRONG
    731 6 100 YEARS OF RUBBER STILL GOING STRONG THE Rubber Centenary Committee, set up to mark the 100 th anniversary of rubber in Singapore last year, released last week an sttractive souvenir book to commemorate the centenary, extracts from which are printed on these pages today. (The book is not on
    731 words
  • Article, Illustration
    Fortunes as bouncy as rubber itself
    1175 6  -  By LIM KOON TECK, WHEN one recalls the pioneers of the rubber Industry in South-east Asia, Henry Nicholas Ridley and Tan Chay Yan readily come to mind. Ridley Is rightfully given his place In history as the man who successfully demonstrated a commercially viable
    1,175 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      347 6 Wa m i--Jb>. 406/407 Harelock 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 It The New Moonglows, The Green Eyes and Miss Erin Fong (Taiwan) treat you to
      347 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 hours prior to 7.30 p.m. on July 24 at the airport: Maximum Temperature 31.1° C Associated Humidity 71 Minimum Temperature 25.3° C Associated Humidity 100 Hours of Sunshine 3.00 Rainfall in Millimetres 14.5 Total Rainfall for
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      263 6 SINGAPORE 5 3.00 PM Opening announcements Parade followed by What's My Line 7.00 Tlnjauan (Malay-Repeat) 3.25 Diary Of Events (English)' 7.30 News In Malay 3.30 Afternoon Matinee Home In In- 7.45 Pusparama (Malay) dlana (Pte. 2) Starring Lon 8.30 Magazine Zero One McAllister, Walter Brennan, 8,40 War and Peace Pt.
      263 words
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  • Article, Illustration
    A pocketful of Hevea seeds
    812 7  -  HENRY NICHOLAS RIDLEY (1800-195t>) By A.G. ALPHONSO, Senior Curator, Parks and Rscrsation Dspt HENRY Nicholas Ridley has been described as "the one man whose influence on Malayan history is second only to that of Raffles". His close association with the establishment of the rubber industry
    812 words
  • Article, Illustration
    Follow the leader
    528 7  -  TAN CHAY YAN (1871-1916) *y LIM KOON TECK TQCK SENG and his elder Brother Oo Long were the sons of Tan Guat Tiong 2 j*ho had come to Malacca afrpm China. Tock Seng had i ■three sons, Kim Cheng, Q "fl»ee Lim and Teck Guan. J The
    528 words
  • Article
    STRAWS IN THE WIND
    698 7 I WAS startled to say the least when I passed a commercial van on a Malaysian road recently, apparently emblazoned with the legend "Dutch Cap." It became even more baffling when I observed the word "Baby" was visible too.Until I figured out that what it said
    698 words
  • Article
    Not all the goods are stolen...
    946 7  -  'FORUM r *1 ...on auctions i By QUEK PECK LIM DID YOU ever wonder how "Sungel Road", that vast second-hand market of ours, gets its goods? Not all of it is stolen, though the term "thieves' market" might connote It. A large amount comes
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      360 7 Mr':--V..-. A v.:. i 'jt K H** srt Lunch TODAY „OKOH m <9 *> 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA J Hong Leong Bldg., Raffles Quay. Tel: *****81 KATSURA 111 Orchid Inn, Dunearn Rd Tel *****2 i'_!* -5 i R
      360 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      29 7 I BTiStcSW :EmrO^DictenS good Poßdy 4-00*r PST T»-»eT ipoc!— NOO 9.H0U1 V-AFVC STPvRTeD NOOR ROUNDS V*\LF Rlsl HCUfc PG.O vve FiMISH€D' VOu£ TRoU£:N/ OF C.PKSES Pr4D e>iscoas pN«e ur*ToocHeo.
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Market bearish
      583 8 TOKYO Source: DBS-Daiwa THE market was bearish yesterday centrln* on *snnrt-related tj»uM such as light-electrical, auto and precision machinery Issues, because the yen exchange rate against the dollar broke below the Y2OO level. Turnover was light and estimated at 180 million shares, as funds and corporate in- •>
      Source: DBS-Daiwa  -  583 words
    • Article
      Lock icon Hongkong
      314 8 Source: SHK Sec THE market rallied strongly yesterday ahead of a spate of lnmterlm results. The continued "«trength of second liners such as ~E.A.N., up to HK)5.00 yester"day, Chlap Luen, Great Eagle SHK Securities and Tal Cheung a guiding factor to market "Sentiment. Hang Seng Index: ..$71.96+14.87 L Turnover:
      Source: SHK Sec  -  314 words
    • Article
      Sydney
      274 8 JJPHE market firmed yesterday ■Jlth BHP, uranium stocks and Jentral Norseman dominating Dealers said BHP rose 14 cents to A 57.64, following Friday's results figures. JULY 14 Cents INDUSTRIALS A.C.I 160 unch A N I 145 A P M 116 -1 Ampol Pet 82 unch B H P 764
      274 words
    • Article
      Manila
      107 8 THE market closed higher with all averages posting gains yesterday. JULY 24 Peso* Acoje Mining .012 -0.0009 Atlas Con. A Atlas Con. B. 22 10 Bagulo Gold .011 0.0012 Benguet Con. B 32.75 1.75 BF Ooodrlch CDCP 20 00 unch Inco B Landoil L*pan to B 2425 0 0225
      107 words
    • Article
      Bangkok
      132 8 JULY 24 Bahts Asia Fibre Bangkok Bank Bangkok Invest. Bangkok-Metro-politan Bank Bala BerllJucker CarpetIntnl Charoong Thai Wire Dumex DusltThanl Faber Merlin First Trust Oenera Finance Indo-Thal Industrial Finance Corp JAndJHo Jalaprathan Cement Karnasuta Lee Kwang Mln Metal Box New City Raja Finance Rama Towers Safety Insurance Saha Patthana Inve
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    • Article
      Selected indices
      30 8 H.K. HANG SENG Monday 571.96 Friday I week Ago 55V :u SYDNEY INDUSTRIALS Monday 430 .22 429.55 429.00 ALL ORDINARIES 1 Monday 505.78 503.81 1 Week Ago 504.42
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    • Article
      Lock icon Jobs hang in the balance
      1486 8 FT DESPERATION and uncertainty have not yet driven anybody to leap out of a Wall Street office window, but the wave of mergers, which has been changing the face of the US securities Industry for the past two years has left many thousands of people
      FT  -  1,486 words
    • Article
      London money market caught in a trap
      614 8  -  By GERALD COLVERD THE LONDON money market is currently caught in a trap which threatens to erode Its profitability during the current year. Last week, the first of the major discount houses to report on interim trading. Union Discount, warned that "provisions for
      614 words
    • Article
      Lock icon Six-month savings certificates get top rating
      509 8 NYT JUST HOW GOOD an Investment are the new six month savings certificates offered by US commercial banks and such thrift Institutions as mutual savings banks and savings and loan associations? The certificates. Introduced Just eight weeks ago, get top rating for quality, and
      NYT  -  509 words
    • Article
      Lock icon Breathing life into options
      1821 8 FT THREE MONTHS after the Dutch broke new stock market ground In Europe by launching their traded share options exchange, the European Options Exchange (EOE), extensive plans are being laid to broaden the appeal of the new market, where business so far has been pretty quiet.
      FT  -  1,821 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      76 8 The Love of ooking V J x r* r% w •4. 1 Kimmi Lo, tho ChkMN cooking, and unique way of —Una. Kenneth Lo untquo way of —dn§. m dMi win oouraaa, h> pr NUMtOdMirtoi9Mß| roclpo* to try, oneo mo—nd. Finally, ha i tipvoni w vranc m Staehuan and ghraa
      76 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon St. Regis income up 38pc
      245 9 Reuter ST. REGIS Paper Company said its second quarter Brofit rose 38.3 per cent to 5539.9 million, or $1.25 per share, from $28.9 million, or 91 cents per share during the comparable year-ago period. The New York forestbased products company said its revenues for the
      Reuter  -  245 words
    • Article
      Lock icon KRAFT OWES PROFIT TO OPERATIONS
      240 9 Reuter KRAFT INC reports the following second quarterly results: SHR: $1.02 vs $1.47. Net: $45.,4 million vs $41.2 million. Sales: $1.38 billion vs $1.29 billion. Six months: SHR $3.33 vs $2.86. Net: $93.28 million vs $79.76 million. Sales $2.77 billion vs $2.57 billion. 1978 net
      Reuter  -  240 words
    • Article
      Lock icon Grace confident
      154 9 Reuter W.R. ORACE and Com- pany, New York, announced it had a second quarter profit of US$5l.5 million I ($1.34 a share) compared I With $48.7 million ($1.26 a share) during the same year-ago period. Revenues rose to $1.11 billion from $1.05 billion, the company said. Mr. "J.
      Reuter  -  154 words
    • Article
      Lock icon Texaco reveals oil potential at Baltimore
      641 9 N.AMERICAN NYT. TEXACO INC announced on Friday that it had turned up traces of oil and gas In the Atlantic Ocean off New Jersey. Previously, the company had suggested that hydrocarbons were detected at its drilling site 180 km east of Atlantic City. Friday's
      NYT.  -  641 words
    • Article
      Lock icon Aerospace sector gives Bendix a lift
      110 9 Reuter BENOIX CORP said the improvement in third quarter earnings was principally the result of strong performances by its aero-space-electronics and shelter businesses. The company earlier reported earnings for the quarter ended June 30 of US$l.74 a share on sales of $984 million compared
      Reuter  -  110 words
    • Article
      Lock icon Higher returns from petroleum boost BHP
      464 9 ASIAN Reuter MELBOURNE: The Broken Hill Pty Co Ltd (BHP) said the rise in its after-tax attributable profit to A 584.62 million from $52.12 minion In the year ended May 31 was mainly due to higher returns from its J>etroleum operations. The steel operations,
      Reuter  -  464 words
    • Article
      Mining leases for Thiess
      277 9 -BYDNEY: The Queensland Department of Mines Informed Thiess Dampler Mitsui Coal Pty Ltd that coal mining leases have been formally granted by the Queensland government over the company's major coal resource areas at Nebo, central Queensland. The grant consists of some seven Individual areas located to
      277 words
    • Article
      Lock icon Quarterly results
      477 9 Reuter COMMONWEALTH Edison Co: Second quarter net SHR 80 cents vs 44 cents. Net $61.41 million vs $29.06 million- Operating revenues $569.1 million vs $480.1 million. Avg SHRs $77.23 million vs $65.9 million. Six months: SHR $1.49 vs $1.19 Net $113.24 million vs $77.21 million. Operating revenues: $1.18
      Reuter  -  477 words
    • Article
      Lock icon Cadbury Schweppes fails to meet forecast
      136 9 Reuter MELBOURNE: Unaudited consolidated operating profit at Cadbury Schweppes Australia Ltd came to A 53.54 million (53.68 million) for the 24 weeks ended June 17 on revenue of $87.21 million ($79.03 million). Profit Is after tax at $2.15 million ($2.53 million), depreciation $2.10 million
      Reuter  -  136 words
    • Article
      Lock icon JAPEX FORMS NEW FIRM
      90 9 UPI TOKYO: The formation of a new company to explore oil and natural gas In southern Sumatra was announced last Thursday by Japan Petroleum Exploration Co (Japex). Capitalised at three billion yen, the Japex Sumatra Co. Is owned by the Japan National Oil Corp, Japex, and
      UPI  -  90 words
    • Article
      Lock icon Bank of Tokyo
      30 9 Reuter TOKYO, Bank of Tokoyo Ltd's consolidated net Income came to 21.42 billion Sen, for the year ended larch 31. Earnings per share were 13.39 yen. Reuter
      Reuter  -  30 words
    • Article
      Lock icon Toshiba Corp expects 10pc increase in turnover
      259 9 Reuter TOKYO: Toshiba Corp said It expects consolidated sales for fiscal 1978 ending next March to ris* about 10 per cent from 1.50 trillion yen In fiscal 1977. However, the company said It is still difficult to make any definite forecast of net
      Reuter  -  259 words
    • Article
      Lock icon Utah lifts coal force majeure
      176 9 Reuter SYDNEY: Utah Development Co automatically lifted force majeure on Its coal shipments after striking workers at Its four coking coal mines voted to resume work yesterday, a Utah spokesman said from Brisbane. Union sources said the men agreed to return pending negotiations on their
      Reuter  -  176 words
    • Article
      Lock icon Yes to Jardines
      78 9 Reuter HONOKONO: Minority shareholders In Jardlne Industries Ltd approved the scheme of arrangement under which the company will become a wholy-owned subsidiary of Jardlne, Matheson and Co Ltd. Jardlne. Matheson said. Jardlne. Matheson Is offering HK $4, a share for the 21 per cent of Jardlne Industries'
      Reuter  -  78 words
    • Article
      BURLINGTON THIRD QUARTER DIPS TO US$20m
      153 9 BURLINGTON INDUSTRIES Inc. the United State*' leading manufacturer of textiles, reported ita fiscal third quarter profit dipped to USS2O.3 million (72 cents a share) from 125.5 million (M cents a share) a year ago. The New Yorh-based company said its sales for the period
      153 words
    • Article
      Lock icon TWA SEES ANOTHER RECORD YEAR
      114 9 Reuter TRANS WORLD Alrllnoe Ibc Mid It expecta 1978 to be "another year of rooord earninaa," aurpaaaing tho L 853.&3 a ahare or 864.8 million earned la 1977, the chairman Mr. Edwin Smart •aid. TWA reported tho aooond boat quarter In ita hlatory with enrainga
      Reuter  -  114 words
    • Article
      Lock icon GENERAL FOODS
      75 9 Reuter. GENERAL POODS Corp oxpocta to roport an incwaeo in not owning* for tho 1979 flocal flrot quarter ended July 1, lta chairman, Mr. Jamoo Ferguson, said. In tho fiscal 1978 first quartor, tho company earned U811.02 a common aharo. Mr. Forguoon also said tho company oxpocU flacal
      Reuter.  -  75 words
    • Article
      Lock icon Avon decision to expand not a surprise
      707 9 f EUROPEAN FT THE DECISION by Avon Cosmetics, the US directselling cosmetics multinational, to spend £18 million on the first stage of a modernisation and expansion programme in the UK was no surprise. The announcement of plans to Invest about £18 million on
      FT  -  707 words
    • Article
      Lock icon Courtaulds says fibre business still difficult
      215 9 Reuter. LONDON: Courtaulds Ltd chairman, Mr. Arthur Knight, said activity In the fabrics and fibre areas of the company's business remains difficult. He said although activity has recovered from the low level In the second half of 1977/8, It still remains below the comparable
      Reuter.  -  215 words
    • Article
      Lock icon Metal Box sales
      128 9 Reuter. LONDON: Metal Box Ltd chairman, Mr. Alex Page, •aid combined volume or food and beverace can sales In the first quarter of the current trading year were about the eame as In the corresponding 1077 period while sales of other packaging were up. He tola the
      Reuter.  -  128 words
  • Page 9 Advertisements
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1288 10 BID and offer price* offtetaHy tofd and buainee* in and reported to Um Stock Rxchanfe of Singapore yerterday with the number of tftare* traded thovn in bracket* In lot* of 1.000 unite unlets otherwlee ipeclfted All Time Settlement Contract* are quoted after the wort "eett." Bit Board deal
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    • Article
      Stock options
      95 10 STRIKING prices of the stock options officially luted on the Stock Exchange of Singapore the periods. bid and offer prtcea £?.k b ,lneM yesterday with the number or option* traded shown in brackets CeM Storage (Seat 81.70) (8.818 8.748k (Sept 82.39) (2.808). P and N <»«pt- 83.10) (2.888).
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  • Article
    SHARE INFORMATION SERVICE
    2413 10 r. 1978 Hifh Low Company Last Sale +erQr'i Dhr Dhr Crr Gr'e YTd Net P/l Vol C888) Day Hfch Low 0 a SECTION ONE M INDUSTRIALS i 330 283 172 2i9 280 M 1 388 i aio* 478 132 123* 112 133 195* 80* 182 173* 140*
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  • Article
    Unit trusts
    138 10 SINGAPORE UNIT TRUST iMtufm prion fcr July H) The Comomi.... t.10 123 Th«8»*mirund 133 1.41 INCOME BOND UNIT INCOME BOND 1.07 1.11 8 powfrofpund 103 i.m 8 pore Security Pund i 94 j 06 S'pwv Inveat Fund 1.25 l.SSicd MARA BUMIPUTRA FUND (lunn 1 prion for July V
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  • Article
    In Kuala Lumpur
    1499 10 BID and offer prices officially llated and buolneoo 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 Amm (2.200). AJlnamata (S.OOB 8.000). Alae« (2.1T8 J .000) I N
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  • Article, Illustration
    Spotlight on Haw Par
    1043 10 PLAY on a few selected counter* including Haw Par (which taw a record turnover of 2.26 millkm iham oa the day), British American Tobacco (Singapore) aad Rothmans injected a more poaitive mood into aa otherwise quiet trading session on the Stock Exchange of Singapore yesterday. This
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  • Article
    KLSE closes fairly steady
    529 10 FAIR afternoon support contributed to a fairly steady close at the Kuala Lumpur stock market yesterday. Trading was selective. Current market favourites accounted for the bulk of business and the majority of these shares surged ahead under a moderate stream of support. Plantation stocks ap* peared
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  • COMPANY NEWS
    • Article, Illustration
      Oriental all set to better its record results
      1190 11  -  r By MANO SABNANI AFTER a record shattering performance last year. Oriental Holdings is all geared up to achieve even better results in the current year with profits contribution coming from all the subsidiaries or the group. The sole loss-maker in the
      1,190 words
    • Article
      DIVIDENDS ANNOUNCED
      283 11 Current payment Ei Data Book* clot# Qato payable TeUlfor tbayaar TtUllbr previoua yaar Johan Tin Aokam TongkarHarbour Oriental Hid*.. Public Bank Gtorf a Town Kg Lanjul 8un*»l Bmi Kramat Tin Dradg. Kllllnghall M. Flour Kuala Kampar FAN RJvarvlrw Sanyo !nda. (M) H'port Glaaa (1974) Pact Malaysia Utd Malacca
      283 words
    • Article
      SCRIP ISSUES
      121 11 Company Particular! Ex Data Booka CIom Pafi Malaysia QnitlutinLUb M'ele Peedmllle UMMm Sontoaa Plywood Syaibotic Raoina Fakor Mortia Bonua laauc of 1 for 5 Bonua UaiM of 1 for 2 RifhU law* of 1 for 4 SllOOptrahare RlthUIaiuaof 1 for 4 $11.00 par (hare RifhU Issue of 3
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    • LATEST RESULTS
      • Article
        GENERAL Lumber (Holdings) Bhd:
        62 11 Unaudited group pre-tax profit after extraordinary items M 5865,200 (loss 140,000), for the six months ended March 31 on turnover of 510.30 million (111.27 million). The company said extraordinary item gain of 11.10 million (nil) included $020,600 released from tale of the leasehold land and buildings
        62 words
      • Article
        Consolidated Hotels Ltd:
        32 11 Unaudited group pre-tax profit 11.35 million ($4.07 million), for the half year ended March 31, on turnover $4.15 million (110.48 million). Parent company pre-tax >oii was $0,146 (loss $24,532).
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      • Article
        Berjaya Kawat Bhd:
        57 11 Pre- tax profit for the year ended April 30, 1078, $2.80 million ($3.54 million for the 16 months to April 30, 1077). After-tax profit for the periods were $1.41 million (13.44 million). Final dividend of six per cent tax exempt (five TS) making a total of 13
        57 words
    • Article
      COMPANY MEETINGS
      154 11 Allied CbocoUu Induatrios Ltd: AOM to be held at 481, Tanglin Halt Road. Singapore at 11.00 a.m. on July Kramat Tin Dredging Bhd: AOM to be held at 18, Jalan Tangsl, Kuala Lumpur, at 10.15 a.m. on July 31. Sungei Beei Mine* Malaysia Bhd: AOM to be held
      154 words
    • Article
      FEHD shareholders urged to accept
      1180 11  -  By ARTHUR NG MINORITY shareholders of Far Eastern Hotels Development (FEHD) have been urged to take up the cash offer made by FEP Investment. Mr Cho Jock Kim Is the chairman of both companies. This is the strong recommendation made by Morgan Orenfell (Asia), the
      1,180 words
    • Article
      Kampung Lanjut may start mining soon
      452 11 FOR Kampung Lanjut Tin Dredging, the search for suitable mining land goes on and it appears likely that In the not-too distant future, the company's Idle dredge will once more be put to use. Chairman Enclk Junus Sudln, in his annual report says the
      452 words
    • Article, Illustration
      United Malacca profit slumps
      347 11 UNITED Malacca Rubber Eatatci hu announced a •lump in pre-tax profit, from M 85.89 million to 84.39 million for the year ended April SO. 1978. This 25 per cent drop contrast* agalnet the 61 per cent rise In pre-tax profit recorded the previous year, when the
      347 words
    • Article
      BERJUNTAI TIN
      97 11 SHARES la Berjantni Ha Dredging Bhd ud three other Malayeiaa compaalee will be delisted on Australian exchangee at the cloee of trading on July 81 at their own requeet, the Sydney Stoch Esehange said. Their eharee were suspended from trading at yeeterday's close, following their advice on Friday
      97 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      146 11 Don t l«?t tho l<in(|ii<'iyo b,»rri(?r stop yoii from wklor cont.icts ;0 J* if* K 1 U> <vj v vo 4 r-> ~xv- x«-' f v^ v 4 > «o A* A* \V* «A I »•<» o c«. \t b •i yYOU SIMPLY CANNOT FAIL WITH VISAPHONE. M < ■>■;*
      146 words
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  • Article
    US tax deferral reprieve
    977 12  -  By JOHN TAN In WASHINGTON PRESIDENT Carter's tax packags, which includes proposals to eliminate tax deferral benefits given to U8 compaoiea with overaeaa operation*, hat been removed from consideration in the US Houee ways and mean* committee. It ha* boon replaced by another bill which include*
    977 words
  • Article
    Lock icon Third World seeks self-reliance
    530 12 UPI THIRD World countries want the more Industrialised nations of the world to cooperate In a plan to make them economically independent, the Jamaican Ambassador to the United Nations said. Mr. Donald Mills asked the world's leading developed countries to "listen to us," and help create
    UPI  -  530 words
  • Article
    ASEAN TO EXPECT FIRM PLEDGES
    274 12 ASEAN ministers will confer with US leaders in Washington next week to gain definite US commitments to help Increase food production and curb drug abuse in the region. The second Asean-US dialogue, scheduled for Aug. 2 4. is expected to reach more definite commitments resulting
    274 words
  • Article
    Lock icon Palm oil purchase
    168 12 Reuter. AMERICAN interest in re- 1 fined Malaysian palm oil is expected to revive towards the last quarter of this year. Trade sources in Kuala Lvunpur said US importers have expressed Interest In acquiring up to 30,000 tonnes of palm oil for ship- ment later this year
    Reuter.  -  168 words
  • Article
    LONDON STOCKS
    760 12 LONDON, Mon. Share prices closed quietly firm today on further consideration of the government's proposals on pay and dividends. At 3 pm the Financial Times index was up 3.7 at 482.9. Government bonds extended Friday's gains by up to 3/8, helped by the strength of sterling and exhaustion
    760 words
  • Article, Illustration
    Lock icon Leaders urge Tokyo to stabilise dollar
    803 12 Reuter, AP. JAPANESE economic leaders expressed grave concern that the renewed yen appreciation against the US dollar may dampen domestic economic recovery and urged the Japanese government to take additional business stimulating measures. Japan Chamber of Commerce and Industry president Shlgeo Nagano said the
    Reuter,; AP.  -  803 words
  • Article
    Murayama says rates won't fall
    477 12 JAPANESE Finance Minister Tatsuo Murayama said he expects no further fall In Japanese Interest rates, and is prepared rather for an increase. Mr. Murayama said he does not foresee a situation where there will be less corporate demand for bonds than now. A fall In
    477 words
  • Article
    Blumenthal puts on his rose tinted glasses
    652 12 U8 Treasury Secretary Michael Blumenthal predicted on Sunday that the United Btatea will be recession-free during the next year and have lower Inflation. He declared that the present inventory level Is food and there are no really tight sectors In the economy that
    652 words
  • Article
    Shell pulls out of Sumatran coal pact
    255 12 THE ANGLO-DUTCH Shell Oil Co has cancelled Its agreement with the Indonesian government for the rehabilitation and exploitation of coal deposits In south Sumatra. Director of PN Tambang Batubara, the state coal company, Ad nan Kusuma, said the cancellation was caused by gloomy
    255 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      200 12 NOW lease an apartment at Ardmore Parti and enjoy iMw, m amenities rivalling any country duo Chip Putt golf course Floodlit Tennis courts and practice court Squash courts Swimming pool Sauna baths Gubhouse with billiards/recreation room A mm* f*4 Bedrooms Ardmore Park, in a splendid setting of greenery and tranquillity
      200 words
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  • Article
    SHIPPING TIMES
    4779 13 gSUBMILK A guide to ships loading at Singapore for Ports around the World Tht following list tabulates, by port of destination the name of the ship, the shipping line Involved. and the estimated dates or arrival and departure.from Singapore port. BfluDnteh in a Jdat wrrrim air——| with MISC.
    4,779 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      499 13 MAERSK LINE ekly Express inerised Service To/From U.S.A. f or further detsil\ c sll Singapore: *****46 Kuala Lumpur: ***** Port KHanx *****0 Penan* ***** 1 SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION, r FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE lU.SO ACCEPTING CMGO FOILGENOA. LATTARIA, BEIRUT. ALEIANORIA. BENGHAZI. TRIPOLI
      499 words
    • Advertisement
      Page 13 Advertisements Column 2
      500 13 NAMYANG LINES REGULAR NON-CONFERENCE SERVICES FAR EAST TO MEDITERRANEAN UNIQUE WINNER V 1W LYNNAVIW 1 Sept NAMYANG DRAGON V 1W 21 Sept NAMYANG CROWN VIW 20 Oct P Kelang Loading for 19 Aug P. Said/Beir P Said/ Beirut/ Lattakia/ Pireaui/ Istanbul/ Tripoli/ Benghazi/ Alexandria -doAll vessels accepting cargo for Benghazi/
      500 words
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      Page 13 Advertisements Column 3
      62 13 NOT lut S DOWA LINE CO. LTD JAPAN M.V. "KENDARI I" Voy 30A Arrived 17.7.78 P.P. Wharf God own 302 Oeneral survey on damaged cargo discharged ex the above vessel will be held on 26th July 1978 from 9.00 a.m. to 12 p.m. No further survey will be held after
      62 words
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      Page 13 Advertisements Column 4
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      760 14 SHIPPING FULLY cwifw««iicii to \urope S'lM P MMf H'Wrj rkaw EXPORTS UH«M Crtj«( EdMitorffe test" Benavon Hongkong Express Itn 30// 7/8 9/9 14/8 J5/S 19/8 21/8 2571 77/8 1/9 IS/* 21/8 22/8 (31/8) 27/8 29/8 30/8 2/9 2/9 4/9 579 8/9 10/9 12/9 13/9 < 17/9) 16/9 18/9 19/9 22/9
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      Page 14 Advertisements Column 2
      815 14 fa SANKYO LINEI AUSTRALIA SERVICE P. Kdani Sttfapore UMdmgltr DIAMONDSTAR SAILED IN PORT ADEL,MEL,SYB YUEMAN 30/31 July 1/2 Aug iMN v MAY SKY 30/31 July 1/2 Aug freM MAYCARP U Au{ BRIS STO. MEt BANGLADESH SERViCE H«Y CARP 27/28 July IN PORT CH»THfiON6. CHAIY GENERAL AGENTS CONTAINER BOOKING LOAO AGENTS
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      Page 14 Advertisements Column 3
      594 14 SEA mL AND li s.A./ ASIA SERVICE Mi -.-mCERATEO CONTAINER SERVICE SAILING (VERT WEDNESDAY FM PORTS M USA CRftAl*. CARIMEAN. MMN KOREA. T AIM AN HONG IONG. THAILAND UK) PHILIPPINES VISSEL/VOYA6E Vessel cf Arrives/ De pa*'" 00PM WORLD LION V 5 A„,I/2 P WORLD TIGER V 6 *u,s/s WORLD LION
      594 words
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      Page 14 Advertisements Column 4
      1015 14 Everett Lines H Burmi Fiv Star Shipping Corpn 6 Wok "BURMESE NATIONAL UNE" a T LOADING FOR RANGOON HTONEYWA l/jXs B FS S C Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel *****/ ***** CompMia Argentina 0« N«v«|acieN Intarcominantal S. A. C.I. F. "|Jw/ "ARGENTINE NATIONAL
      1,015 words
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      Page 14 Advertisements Column 5
      616 14 a i I i K )I o SAUJ7\/q OS Orient Overseas ConicMteA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CHCMIIUMWIWI 27/7 28/? 14/1 lt/8 28/8 22/8 24/1 HKONC COHMINEt UN 5/8 6/8 23/1 2VB 27/1 29/8 31/1 MERCAIOP <t U/8 12/® 21/1 31/P 2/4 4/9 B/9 OMENTAL CNitf IBR
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1041 15 QCL Overseas Containers Limrted MMMBSMP somtt It H/CMffMOT: H'burg S'poft P Mling D'mirk Irea. R'dam le A"»erp Havre mum tttac»uiata((sitae n m 7 ut m n in ttm IN *5 Mte ISA* >Xfl 4M* l«¥ Ufl IbH 11 71 lag II Sip 11 Sep 11 St|(l7 Sell I Ml IS
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      Page 15 Advertisements Column 2
      1127 15 7T to n/cnmwn »•*> S St* Leiiae*. Oilbao Aiweeerte-. Hull MM Leiaaes. lotM. Hill 11 »te Lt'lOes Oilbao. Hull. FROM K/CMTMHT IT* tmO Sails Europe HWI P. Kelang i'P*" Hi oehcouacnan 14 I*l 11/10 ta| lnuo«*S'», Is/1» Oct Inoonesn. UN6APORE t ITU ITS MWPW* PTC. lit. OMH KUALA LUMPWt KM
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      Page 15 Advertisements Column 3
      808 15 BEN LINE CONTAINERS LOOTED cm h-mmc MNrt* rnui wm urm P. OtaH I W. ti-Ml tBH MM FrtKt All U.L HUINI em or ioinrumn TUMI MAM niu ui ■CUM* KHUIM (VMM ((TIM MAM aowloon ur TMYO MT see. »w«t rsett a sett nmi Iteft Hh|t Shfl Mhltlt kit aw 11
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      Page 15 Advertisements Column 4
      784 15 >3:iii:n:fcfre»y.vMi:r.Vi —IgT'' fJllkgj IIELDLII El ttSSaU KClft.ai rCL. rCt ilttTMiiltt carjl t* NN|kN| ft !«MI nvwtional savia ro europe (via suezj < WWe P. Ktiaoc Penan* HI MEIWE Aag 14/ IS Bilbao. Santander lottl I'dam, H burg, Bremen. WIUEMStEM In 11/11 Aag 11/14 Cblanca. Lisbon. A Mr* •I'awn HDurJ Oslo.
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      Page 15 Advertisements Column 5
      367 15 GUTHRIE BOUSTEAD S'J THE BANK LINE LTD nnui (MtiKitiM. Capetc««) IMK FW L i t tfUCA M, Zannber. Durban, I.l_. PC., P. MU>( 2T/ie M I'Nt Ml/10 tut a terra met oliveoank SOSANNI UN Peunf Ptunt P. Keltic S p»l 4/ p. k*imc 11/11 *«i spore i i/n OR NT
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      752 16 K LINE KAWASAKI KISEN KAISHA. LTD aßnmfe vumii S'oor* P. ICetoßf LHwri HTwg Bfemn Mam amufi Ma w nmia My in to ato a*i ato »JJ I IWR CONTAINER 11W fa« •to »to "to 20 to 21 to 11 to MEKAIM TV 11 Am 12 to 31 to 2 Sapt
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      Page 16 Advertisements Column 2
      1019 16 E. C. -U.S. JL ATLAHTtC/GVLF SERVICE ACCEPTINt Fa/LCt CMTJUNOS FMM rPME. P. BUM. PEIUM LMI.lt tar: NRVRLR. Hl* TNI. RAIT MOMS, MW MUM*. MMTM S tpiKKi P. Mian Mm Ptaan *'A VtSSfL" E.C./GREAT LAKES SERVICE UMiai taf: NRWRU. MW MM. MRTRRM. TMML AARTARRLA. RWMfT, CM CAM »»«an| Mlaoan P. Mian
      1,019 words
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      Page 16 Advertisements Column 3
      919 16 NEPTUNE ORIENT LINES LTD -FULLY CONTAINERISED SERVICES: I EMM (VIA SHEZ)' kevalier nat ONEIONfi CMUINQ EKATM lIENTAL CHIEF EVEN SEAS MIDSE DENTAL RESEARCHER tC NZE S'RBM Ctaitf Tteai: S'pcre P. lUleni Shampto* H'burt 7My »My 14 A* jf »An •A« nn n lAn uAn is* iAn 11 An «An nAn
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      Page 16 Advertisements Column 4
      695 16 IMJDi MALAYSIAN INTERNATIONAL SHIPPING COnPOAATKVrp^tHAQ EXPRESS PULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WIST WW Ffftoi »ftw t'ptft 1) Mt»ill»< T! Ma* 31 Nte'l 4) Cfcn'l lIUNU to Mf MO Min mi ll 11/ w fUM(Ri It. MLAMIA 1/ It/ I til n I 21/1 lUKIKI wt 1/1 (UMNt 11/ I Ml
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      Page 16 Advertisements Column 5
      764 16 INTR ASEA (PTE) LTD ft m KMUI IMEPENOENT SQM/FKI CMTAMCI SERVICE TO EMfl S port P. Koltnf M| tor. 'MMKt Mil (CMtr. MM I "1" ST M'MITIM/Sm fU.KJ* sea iuhiu m amt to Pwt H-tori/R «*m/sautdK ATLANTIC ALU TIMS WBI4 SAn I tal lAn *'i»«/H'Wri;A'«fifr Ttoan* B*/L tor HHr M
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