The Business Times, 26 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 WEDNESDAY, JULY 26, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon New sales tax
      70 1 Reuter. BANGKOK, Tues. Thailand's capital gains tax on stock market transactions will be abolished and replaced by a sales tax from tomorrow, Securities Exchange of Thailand president, Narong Chullachart said. The sales tax will be at 0.11 per cent of the total value of transactions Including the
      Reuter.  -  70 words
    • Article
      Lock icon Kulim re-financing
      61 1 AFP. KUALA LUMPUR, Tues. The Johore State Economic Development Corporation today entered Into an agreement for a Msl9 million syndicated loan to re-flnance Its equity participation in Kulim (Malaysia) Berhad. The seven-year loan, with a two-year grace, will enable the board to re-finance its equity holding in Kulim
      AFP.  -  61 words
    • Article
      Lock icon Safer Straits
      77 1 Reuter. JAKARTA, Tues. Indonesia, Malaysia, Singapore and Japan have signed an agreement for a Joint hydrographic survey of the Malacca Straits for safer passage of big oil tankers, an Indonesian Communication Ministry spokesman said today. Under the agreement, signed here yesterday, they would look for a line with
      Reuter.  -  77 words
    • Article
      PUB seeks loan
      70 1 THE SINGAPORE Public Utilities Board has requested for a government loan of $250 million to help pre-pay part of Its yen loan of $482.3 million under two contracts for the Senoko Power Station. This pre-payment loan Is to minimise exchange rate losses from the appreciating yen, and
      70 words
    • Article
      Lock icon Defence chief fired
      73 1 AFP. TOKYO, Tues. The Japanese government, trying to dispel a new political storm over its sensitive defence policy, today replaced Gen. Hlrooml Kurisu, the outspoken chairman of the Joint Staff Council. Mr. Shin Kanemaru, Director-General of the Defence Agency, said he will replace Gen. Kurisu with Gen.
      AFP.  -  73 words
    • Article
      Lock icon Iron for China
      67 1 AP. MELBOURNE, Tues. The Mount Newman iron ore Joint venture li\ Western Australia has clinched its first sales contract with China worth about As2o million (Sss2 million). The 900,000-tonne deal follows several months of negotiations begun at the Canton Trade Fair in mid-April. Mount Newman's only other
      AP.  -  67 words
    • Article
      Lock icon Higher Dutch rate
      28 1 Reuter. AMSTERDAM, Tues. Holland will raise the bank rate to 4.5 per cent from 4 per cent from tomorrow, the Dutch Central Bank said today.
      Reuter.  -  28 words
    • Article
      Lock icon Dow Jones
      65 1 UPI. NEW YORK. Tues. Stocks headed higher In slow trading today as selling pressure on the US dollar eased In Europe. The Dow Jones Industrial average, a 1.82-polnt loser yesterday, was ahead 1.39 to 832.98 at 1500 GMT. Advances outdistanced declines, 541 to 345, among the 1,374 issues
      UPI.  -  65 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      132 1 Rises Most octi* 'e Guinness Berjuntai Bolton FAN Gen tines H Gilftllan Haw Par SEAL Gold Coin Guthrie C*C M Banking 710 870 212 545 334 330 168 130 173 169 462 416 +50 +20 12 10 10 10 10 10 +8 +7 +6 +6 Haw Par
      132 words
    • Article, Illustration
      In Kuala Lumpur
      172 1 Rises Most active Sctron (M) F and N Guinness D. Keramat B. Ray* Haw Par Sime Darby A. Amal M. Tobacco A. Hitam (Tin) CaatMMd Foils Cm. Prop B.A. Tobacco 2.01 5.95 7.40 9.95 2.37 1.74 3.38 5.85 7.35 10.70 10.80 1.42 2.17 +.15 .15 .15 +.15
      172 words
  • Article
    Indonesia seeks US$1billion loan
    699 1  -  MANDATE UP FOR GRABS By COLIN CHEE AMERICAN and Japanese bankers are working on a US$l billion (552.3 billion) loan to Indonesia to help finance the country's scheme to move part of Java's population to outlying areas. The World Bank Is expected to provide up to
    699 words
  • Article
    Lock icon DOLLAR HITS NEW LOW
    210 1 Reuter THE BATTERED US dollar plunged further In hectic trading to a post-war low of 195.30 yen on the Tokyo Foreign Exchange market briefly yesterday despite modest central bank intervention. The dollar, which has now lost about 42 yen in value since January following a 21
    Reuter  -  210 words
  • Article
    Mayflower buys Peking
    90 1 MAYFLOWER Restaurant has bought over the Peking Restaurant in Orchard Road for $5.5 million, sources said. It is believed that the Ooodwood Oroup had earlier made a $4.8 million unsuccessful bid for the restaurant. Business at the Peking is always brisk. The main reason behind the sale
    90 words
  • Article, Illustration
    MAS to ensure liquidity for rest of 1978
    818 1  -  By SOH TIANG KENG THE government will stick to Its easy money policy for the rest of this year to ensure sufficient liquidity to sustain growth of the Singapore economy. This was hinted yesterday by the Monetary Authority of Singapore which predicted
    818 words
  • Article
    Philips and Nippon to supply Changi navigation aids
    209 1 NIPPON Electric Company of Japan and the Philip* group in Singapore will supply an additional $12.9 million worth of air traffic control equipment to the new Changi Airport. Under the contracts to be signed today with the Telecommunications Authority of Singapore (acting
    209 words
  • Article
    Taiwanese footwear firms step into S'pore
    491 1  -  By SIVA ARASU TAIWANESE footwear manufacturers are striding Into Singapore to set up factories In an effort to surmount the quota restrictions imposed on their country. Since January this year, seven such firms have been incorporated by the Taiwanese, either on their own or
    491 words
  • Article
    Lock icon Beef prices run wild
    70 1 UPI THE OVERALL Increase In US food prices Is nearly double the rate for other consumer Items this year and prices for beef and sugar are running even ahead of that rate, the director of the Council on Wage and Price Stability Barry Bosworth said yesterday.
    UPI  -  70 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      29 1 whatever you need in menswear, get It at... MOHAN'S DEFT STORE (PTE.) LTD. 321, Orchard RoadW *****22 (nut to Mandarin HoM) Branch: 101,langiin Shopping Cantr* Itt *****40 Daily :9am-9pm
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    • Advertisement
      Page 1 Advertisements Column 2
      91 1 BIRKART FREIGHT NEWS GBN LINE providing two regular services from SINGAPORE to LAGOS/ APAPA GBN CONTAINER LINE a fully containerised service carrying 20 ft. containers at 'Box' Rates GBN BULK SERVICE a regular liner service for palletised cargo at competitive rates. For rates and further details contact: MR. TAN KAY
      91 words
    • Advertisement
      Page 1 Advertisements Column 3
      75 1 SEE BACK PAGE, Col mtm SHIPPING TIMES PEOPLE in business 2 CITIBANK'S marketing bHts is HONGKONG must ilik or resented t swim in a deluge of quotes 2 OIW lATA lines cen expect lower SIME <*** new profit growth ahead 5 strategy 11 BULLISH ateck Mitel c.tck~ M'l .tunlioi. 11
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    • Advertisement
      Page 1 Advertisements Column 4
      293 1 Coo/ hmlthy poUution-tnw driving with A mAßuenu A COOL MASTER gRgp S .CAR AIR CONDITIONER 5-11 OOLDHILL PLAZA. SINGAPORE 11 TEL: *****2 340. LAVENDER STREET SINGAPORE 12 TEL: *****(0f *****29 The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has built-in extras that are unique. Olivetti's beautiful
      293 words
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  • TRADE AND INDUSTRY
    • Article
      Textiles, clothing will still be HK's mainstay
      631 2  -  By TSANG SAU YIN THE PERFORMANCE of the Hongkong economv over the next few years win be determined by the colony's ability to "tradeup" In textiles and clothing, as well as to identify and develop new markets. However, as officially admitted, "At our
      631 words
    • Article
      Lock icon BE-WEAR OF A NEW GARMENT RACKET
      356 2 Reuter. HONGKONG authorities in this bustling shoppers' paradise are investigating the growth of a new racket in fake garments and other popular consumer items. The pirating of music tapes and books has long been 'a multi-million dollar business in the cities of South-east Asia,
      Reuter.  -  356 words
    • Article
      Lock icon Seoul deficit rises
      332 2 AP. AFP. SOUTH Korea's trade deficit with Japan almost doubled in the first half of this year to US$l.55 billion (553.56 billion) from a year ago, the Korean Traders Association said. The figure compares with a deficit of $830 million for the previous January-June period. The association
      AP.; AFP.  -  332 words
    • Article, Illustration
      The silent one
      292 2 THE UK-BASED BSP International Foundations Ltd. has unveiled a new series of pile driving equipment designed to eliminate black exhaust-smoke and reduce impact noises which accompany conventional piling equipment. Called the Hydraulic Actuator series (HA series), It was Invented by BSP's special projects manager Jim Virgo while
      292 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      232 2 Mr. Tan Puny Hiang, assistant vice-president of American Express International Banking Corporation, will attend the 31st International Bank Summer School at Liege, Belgium, from July 23 to Aug. 6. This annual banking conference is expected to attract some 40 bankers world-wide. It Is organised by the Institute
      232 words
    • Article
      More company cars on the road
      114 2 THE number of can and station wagons In SlngaBre decreased In May to 7,145 from 137,186 a month ago. The decrease was due mainly to more private cars and station wagons de-re-glstered which resulted In a net decrease of 204. Company-owned cars and station
      114 words
    • Article
      Polaroid sets the stage for instant movies
      342 2  -  By JOHN LIM In Hongkong INSTANT movie, and in colour too, will be introduced here by Polaroid In August. The Polavlslon instant movie system comprises a movie camera, film in cassette form and a player with a TV-like screen. An Instant replay unit
      342 words
    • Article, Illustration
      Lock icon Buy and sell Malaysian mission to East Europe
      280 2 AFP THE MALAYSIAN Deputy Minister of Trade and Industry, Datuk Lew Sip Hon, will lead a buylng-cum-selllng mission to six East European countries next month. Speaking in Kuala Lumpur at a photographic exhibition organised by several £ast European embassies Tie said the
      AFP  -  280 words
    • Article
      MEMO PAD
      410 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
      410 words
    • Article
      Four in Sydney
      85 2 FOUR SINGAPORE officials from the Trade Department were among 21 Amu representatives who attended a recent two-week trade prooMtkm workshop in Australia. The four were Mr. Yoona Jun Fah, commercial secretary, Mr. Lee Yew Sim, commercial attache, Miss Nalini Ramaalsl, executive officer and Mrs. Tang Lee Chin,
      85 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      202 2 It isn t a 'go-go', it isn't a dive. It's small and it's cosy and always alive With people discerning, who know what is best When eating and drinking are put to the test. There isn't an orchestra, you will not find An alley for bowling or things of that
      202 words
    • Advertisement
      Page 2 Advertisements Column 2
      3 2 Leader Page 6
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    • Advertisement
      Page 2 Advertisements Column 3
      63 2 Unique Investment Opportunity A new industrial building, in an industrial area of district 13, with a monthly return of approximately $90,000/- is now being offered for sale. This building has a total floor area of about 190,000 sq. ft. Selling price is fixed at $65/- per sq. ft. 0.n.0. Interested
      63 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      643 2 CRYPTIC PUZZLE ACROSS 3 Did he sound more throaty than Henglst? (5) 8 Reading dad geta by with (5) 19 John, the fine-hearted fellow (5) 11 Beat In a titanic struggle (3) 12 Light stone? (5) 13 Where food packers show their ability (7) 18 Enter the house (3, 2)
      643 words
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  • OVERSEAS
    • Article
      Lock icon US companies indifferent to Harvester case
      630 3 AP, UPI US companies doing business In the Soviet Union apparently have responded with little enthusiasm to a request that they protest the arrest of a representative of the International Harvester Company. The Associated Press asked 23 firms with Moscow offices for their response
      AP,; UPI  -  630 words
    • Article
      Lock icon Britain has a raw deal, says UK minister
      471 3 Reuter JOINING the Common Market has cost Britain more than half Its possible fish supplies, charged British Farm Minister John Silkin. He told a news conference in Brussels on Monday that British waters held 62 per cent of fish available to the
      Reuter  -  471 words
    • Article
      French surplus widens
      88 3 FRANCE'S seasonally adjusted trade surplus widened to 459 million francs (***** million) In June from 155 million In May, and compares with a 2.04 billion deficit In June last year, the Foreign Trade Ministry said. The surplus was helped by a sharp decrease in energy imports but
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    • WORLD IN BRIEF
      • Article
        Lock icon HIGH SPIRITS, LOW REVENUE
        582 3 Agencies. THE SCOTCH Whisky Association reported higher exports, particularly in the United States, but complained it was losing foreign revenue because of an EEC ruling. Mr. Adam Bergius, the association's retiring chair* man. said in Glasgow that an EEC ban on Scotch whisky firms maintaining separate
        Agencies.  -  582 words
    • Article
      Lock icon Aim for low growth call by Germany
      986 3 MONETARY PLAN POLICIES NYT, Reuter. WEST GERMANY expects other European countries joining Its proposed Eurofiean currency stablIsatlon plan to adopt conservative policies that would tena to lower economic growth, as well as Inflation. That stance, taken at a meeting of finance ministers from
      NYT,; Reuter.  -  986 words
    • Article, Illustration
      CHE-MYSTERY BEHIND HIS SUN POWER
      348 3 A UNIVERSITY professor hai developed a technique as simple as secondary school chemistry for converting sunlight into electricity. Laurence Lyons, professor of physical chemistry at the University of Queensland. Australia uses a process similar to that in electroplating a metal electrode is coated with chemicals
      348 words
    • Article
      Bankers scoff at Pretoria's hopes
      497 3 GERMAN Euro-market bankers said they are sceptical about the Republic of South Africa's chances of raising a substantial amount of me-dium-term capital on the mark Eurobond market. During a recent visit to Europe, South Africa's Finance Minister Owen Horwood said the republic had been advised
      497 words
    • Article
      Lock icon Atlantic drilling comes to naught
      460 3 NYT EXXON'S decision to drill beyond 4,270 metres deep at its first exploratory well of the New Jersey coast is not considered a good omen. A company spokesman said that the decision to sink the well an additional 304 metres, did not in Itself indicate
      NYT  -  460 words
    • Article
      Lock icon Japanese leather quotas reported to Gatt
      208 3 AP. THE UNITED State* formally complained against long-standing Japanese import quotas on US leather to the decision-taking Council of the General Agreement of Tariffs and Trade (Gatt), the watchdog organisation for world trade. The council ruled that a Gatt panel of inquiry should be
      AP.  -  208 words
    • Article
      Lock icon Treasury bill yields fall at auction
      293 3 Reuter THE average effective yields on U8 Treasury bills fell to 6.935 per cent for three-month bills and 7.425 per cent for six-month bills at the latest weekly auction. The three-month rate was down from 7.1 IS per cent at the previous auction and
      Reuter  -  293 words
    • Article
      Warning on sea mining rules
      103 3 ANY UNILATERAL action by the US Congress to lay down rules on tapping minerals from the ocean before an international agreement is reached may bring about violent reaction from some countries. Representative Berkley Bedell (Democrat-Iowa), warned the House during a debate to set up legal
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      56 3 This announcement appears as a matter of record only. W OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) U5515,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit due 1981 Managed by Singapore Nomura Merchant Banking Limited Asian-American Merchant Bank Limited Li i hi Agent Bank Singapore Nomura Merchant
      56 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      493 4 OPENING prices here yesterday were initially marked down on lower London advices. The market continued inactive in early morning trading, but towards the morning close prices rallied on speculative buying and short-covering. The morning session closed slightly higher with August One RSS buyers quoted at 228.75
      493 words
    • Article
      RAS PRICES
      364 4 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S prompt f.o.b. 228 25 229.25N 230.75 231.25S Int. 1 R.S.S. August 228.25 228.75 230.25 230 50 Int. 1 R.S.S. September 228 75 229 25 230.50 230.75 Int 2 R.S.S.
      364 words
    • Article
      SSR AND SMR
      111 4 NOON SSR and SMR prices yesterday: August 9a i! HAS (Current Mth) (Far Buyer* Salter* Buyer* Seller* (cant* par kg) (oai it* park() SSR 20 (1-ton pallet) 200 00 211.00N 210 00 212.OON SSR 50 (1 -ton pallet) 207 00 209 00N 208 00 210 OON MRELB
      111 words
    • Article
      Closing prices
      31 4 Rubber: July 25 Singapore: August 230.25 cent* (up two cents) Malaysia: August 235.50 cents (up 1.75 cents) Tin: M 51,695 (down 15) Official offering: 208 tonnes (up three tonneii)
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    • Article
      Soybean
      141 4 CHICAGO soybean futures on Monday finished with losses of 18 to 12 US cents a bushel, at or slightly above the day's lows. Heavy local and speculative liquidation as well as commission house stoploss selling drove prices to the day's lows late In the session, traders said. They noted
      141 words
    • Article
      Wheat
      88 4 WHEAT futures closed at the day's lows, down nine to lO'/iUS cents a bushel in Chicago on Monday. The market was on the defensive from aggressive local liquidation, commission house stop-loss selling and hedge selling pressure as country movement Increases in the Midwest,traders said. Commercials were mostly withdrawn, except
      88 words
    • Article
      Produce exchange
      326 4 COMMODITIES on the Singapore produce market yesterday were hit by the current depreciation of the US dollar. The pepper packers reported a dull market with the exporters waiting on the sidelines for any slsns of the currency settling down. Prices eased by another $2.50 per picul all round
      326 words
    • Article
      Hongkong Comex
      183 4 THE sugar market yesterday closed unchanged to 0.04 US cents higher in continued quiet trading, with 16 lots traded against 17 on Monday. The Hongkong: dally spot sugar price eased 0.10 to 6.05 cents. Sugar future* closing prices: Closing Previous Clsslf Sep V 99/603 5 96/99 Oct 6.90/11
      183 words
    • Article
      SPOT PRICES
      188 4 YARN and cotton In Hongkong dollars, spot ex-godown Cottoa Tan: Cnlna Blue Phoenix 20s 1.719; 32i 2.200; 40i 2.320 (per bale of 400 lbs). Piece Gsada: China Butterfly and Olobe Brand unq. Drajron Head uno. Five Lambs unq. Plover and Butterfy unq. Ftjrtnc Oeese unq (per piece 36
      188 words
    • Article
      Coffee
      464 4 ROBUSTA futures In London yesterday ended the opening call slightly steadier with gains of between £5 and £37 per tonne compared with Monday 299 lots were traded. September gained £19 at £1,114 after an Initial £2 loss against at a low of £1,090. Untraded new July gained £37 on
      464 words
    • Article
      Cocoa
      313 4 TERMINAL cocoa's first call was extremely quiet with prices little changed In London yesterday. Nearby/ forward differentials narrowed slightly mainly due to technical pressure on spot July. Dealers said Monday's Rio report of the secretaryr;nerai of Brazil's Cocoa arming Recovery Plan Commission (Ceplac) saying In Brasilia that he Is
      313 words
    • Article
      Palm oil
      77 4 C.I.C. North European pom. In U8 dollar* per ton untm otherwise LONDON: Malaysia 5% f 1 a bulk per tonne September Sumatra 9* ffa bulk July August September October November January Nigeria 5* ffa bulk (t« STtrir unch MO sir MO slr/Mlspd MTHsir unch unch unq Ml sir
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    • Article
      Straits tin
      255 4 THE STRAITS tin price In Penang yesterday eased M>s to 81,895 per picul 85 below the new International Tin Agreement ceiling. Sentiment was influenced by easier conditions In London on Monday with buying support generally lacking, detuers said. Turnover increased slightly to 208 tonnes from 205 tonnes on
      255 words
    • Article
      Sugar
      248 4 SUOAR futures In London yesterday opened £1.50 to £0.15 per tonne below Monday's 5 p.m. levels In a turnover of 527 lots. The London dally raws and whites prices were both down £1 at £81 and £94 per tonne respectively. On Monday, sugar futures closed £2.40 to £4 per
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    • Article
      Rice
      189 4 BANGKOK rice prices were quoted ax follows yesterday: (In U8 dollars per tonne F. 0.8. basic Bangkok). wLu Rio: 100 pet Ist class 412,100 pet tod class 307,100 pet 3rd class 301, Fpet 389. 10 pet 363. 15 pet 397. 20 pet 352. 23 pet 342. 33 pet unq
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    • Article
      Lead
      86 4 LEAD finished the morning up £4.75 for cash and £4 for Three Months In London yesterday. The market was quiet Initially but advanced during second ring dealings on trade buying and short-co-vering against Continental physical business, dealers said. They also pointed out that the market had become somewhat oversold.
      86 words
    • Article
      Zinc
      61 4 ZINC rose by £4 for cash and C 3 for Three Months in London yesterday. This metal followed the trend in lead with smallscale covering taking Three Months up to £310 by the close. Sales were only light at 1,000 tonnes. On Monday, zinc closed with all-round gains of
      61 words
    • Article
      Copper
      313 4 COPPER wire bars in London yesterday finished the morning with all-round losses of £2 per tonne. The early pre-market eased under general liquidation prompted by the close at New York but the lower levels attracted some short-covering based on reports of continued Zamblan copper transportation difficulties, dealers said. Three
      313 words
    • Article
      Silver
      196 4 THE Hongkong silver market yesterday closed HK18.50 higher at HK5256.00 per 10 ounces on demand prompted by the continued strength of the gold price. Trading remained quiet with turnover estimated at 15,000 ounces, dealers said. The local closing was equivalent to 5.5006 US cents per ounce, slightly higher than
      196 words
    • Article
      Gold
      515 4 MOVEMENT of the kllobar price in Singapore yesterday was erratic. The market opened at 8114,268, moved Intermittent up and down before closing at the highest level of $14,303. The lowest recorded was $14,240. Spot gold for London delivery opened at a low of U*****.50/ 80 compared with Monday's level
      515 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        649 4 THE US dollar yesterday opened lower than Monday's close. While there was support from the Japanese on Monday, this was not the case yesterday and there was a general lack of confidence In the dollar. Opening at 197.45/55 against the yen, the US dollar fell without support to
        649 words
      • Article
        Asian $ & CD rates
        182 4 Asian CD rates ASIAN currency deposit interbank rates as at close on July 2S: Closing Asian dollar certificates of deposit for prime names yesterday: U8 DoU» Ottm "0" 7dajra 1 mth 2 mtlu 3 mths mths 9 mtlu 12 mths .a wit .a 1/4 ...a l/a .a is/M .9 3/16
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      • Article
        Discount
        46 4 RANOE of prtcw offered by discount house* on July 25 Overnight W* Call deposits 3K« to 3*% CtaN BvylM SeUiM 3-month Treasury bills 3 J/8 31/4 3-month Bank MIU S 13/16 111/16 3-month CD 61/16 S1&/16 6-month CD 63/16 61/16 Source: National Discount Co Ltd.
        46 words
      • Article
        MLR
        23 4 THE average rat* at which Singapore banks are currently prepared to land to their beat customers is k 7 par cent. V
        23 words
      • Article
        London
        287 4 THE dollar yesterday recovered marginally from early quotes against major currencies with gains against the yen, due almost entirely to Far East profittaking. Dealers said dealing margins are narrower than Monday and some dealers suspect European- central bank intervention is restraining pressure on the US dollar. The market is
        287 words
      • Article
        Tokyo
        197 4 THE dollar for overnight delivery yesterday closed at 195.50 yen, sharply down from a 197.80 opening and 199.10 at Monday's close, after falling briefly to a post-war low 195.30, despite continued modest central bank Intervention. The dollar met heavy selling pressure in afternoon trading, mainly from Japanese banks to
        197 words
      • Article
        Hongkong
        128 4 THE US dollar yesterday fell against most currencies with early European activity weakening the unit further. Dealers said the unit fell to a late 195.25/45 yen from its 197.55/65 New York close after touching a high of 198.20/40 and a 195.10/30 low in active and fairly nervous trading. Sterling
        128 words
      • Article
        New York
        168 4 THE dollar closed firmer from its opening levels against most currencies except the yen in trading that was nervous and hectic at times on Monday. The yen finished at Its best level of the day at 0.5059/02 cents, or 197.61 yen mld-polnt, compared with the opening 0.5050/54, and
        168 words
      • Article
        Australia/NZ
        10 4 AUSTRALIA and New Zealand exchanges on July 25: *jIH'
        10 words
      • Article
        Euro $ rates
        25 4 Euro rates LONDON Eurodollar deposit rates yesterday showed little change in quiet early trading, dealers said. "ii i I II V ?i s i .'.''iVi.'iH
        25 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      134 4 Zl FFFFI 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? If not then
      134 words
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  • TRANSPORT
    • Article, Illustration
      Quick timber delivery
      290 5 THE PORT of Liverpool has been handling and discharging large quantities of timber in recent months and 17K importers have been pleased with the speedy delivery. Increasingly large shipments of timber are streaming in and the port is planning to extend its timber terminal to provide an
      290 words
    • Article
      Discount fares go a-begging
      454 5 MILLIONS of dollars are wasted every year by US government agencies which "all to take advantage of discount air fares and other money-saving measures. In a report prepared for Congress, the General Accounting Office (OAO) blasted government agencies for not using a wide variety of reduced
      454 words
    • Article, Illustration
      SHIPS IN PORT
      449 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barcelona Maru (after Serena) 6/7 Bunga Mas (2100 after Vlshva Tarang) 18 Bunga Seroja (after Prlmorje) 33/34 Centaur (0830 after Norfolk Maru) 45 Kalgo (after Bougainville) 8/9 Kim Ann (0900) 42/43 Kuznica (after Taybank) 47 Nedlloyd Westerkerk (after Westmorland Prlmorle hauls) 31/32
      449 words
    • Article
      Iata members' traffic growth may slow down
      640 5  -  By RAHIM KASSIM THE INTERNATIONAL Air Transport Association's member lines are expected to suffer a drop In international passenger traffic growth rate over the next six years by 1.3 percentage points to an average 8.7 per cent a year. The traffic volume grew
      640 words
    • Article
      FAR EAST FREIGHTS
      1266 5 THE market is very active with many traders obtaining bargain freight rates. There are several firms planning to buy small tankers. The time charter barge market is very active in the Asean region with 180 in demand. An Indonesian firm is planning to obtain two 3,000 dwt
      1,266 words
    • Article
      Lock icon LONDON FREIGHT
      184 5 UPI FAR East trading was scarcely more active than that In the European sector particularly in relation to grain shipments. In the single-voyage sector sugar made a brief appearance when a 14,000ton bulk cargo was taken from Mauritius to US Atlantic coast or US Gulf after July 28
      UPI  -  184 words
    • Article
      A yen for Boeing?
      82 5 BOEING Co has said It expects to sign an agreement next month with a Japanese consortium which will help pay development costs for Boeing's new 767 plane. The Japanese will contribute about 15 per cent of the costs and also build Darts of the Diane's wines
      82 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      738 5 ARRIVALS Service Local Operator Number Time Prom MAS TMA MAS SIA MAS MAS MAS CPA GIA THAI SIA SIA MAS GIA GIA r UB THAI ll PAL g RBA g GIA 3 SIA SIA n MAS r MAS SIA SIA t SAS gia CPA SIA i GIA
      738 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      336 5 SINTAT J Coll us for your local or I C=iJ Rent-a-Car onwordreservonons SINGAPORE AIRPORT r TEL *****5 «AV CITY TEL *****55 QH. LAWRENCE f i Perhaps the censors were right when they banned D.H. Lawrence. Perhaps the police were right when they confiscated his books. Reading Lawrence can be dangerous
      336 words
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  • Article
    Keep an eye on Hongkong
    595 6 IT IS INEVITABLE that comparisons are made between Singapore and Hongkong which are alike In many ways. Both have no hinterland they can call their own, both have limited land area and relatively large populations and both depend on the world to provide a marketplace
    595 words
  • Article, Illustration
    Lock icon In defence of the Japanese business
    1934 6  -  I Are non-tariff trade barriers in Japan really the reason foreigners, especially 1 complaining. Americans, cannot sell there? Did not the Japanese have to i struggle to overcome similar obstacles when first penetrating overseas markets, also hampered by the same cultural gaps that bedevil
    The Japan Economic Journal.  -  1,934 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      300 6 405/407 Havelock Road, S'pore 3. Tel: *****1 Hotel Royal RAMADA Newton Road, Singapore 11. Republic of Singapore Telephone *****1, Telex R*****4 Cables HOTELROYAL Sandeman's Cream Sherry You don't have to pay a high price for a good Cream Sherry. Another quality product from (Rf/IM lon Bar Where beautiful things happen
      300 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WE A THER outlook for Singapore, from 6 a.m. to noon today: Isolated showers Report for 24 hours prior to 7.30 p.m. on July 25 at the airport: Maximum Temperature 29.5° C Associated Humidity .73 Minimum Temperature 23.8° C Associated Humidity 98 Hours of Sunshine 5.25 Rainfall in Millimetres trace
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      267 6 tv&radio 3.00 PM Opening announcements followed by The Beverly Hillbillies The Hero (Repeat)* 3.30 Diary Of Events (Malay)* 3.35 Bonanza Kingdom Of Fear* Starring: Lome Greene, Dan Blocker, Michael Landon 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction The Other Woman (Repeat)* 6.30 News in Brief* 6.35 Timang Tinggi
      267 words
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  • Article
    Don't let the obsolete bug bother you
    1745 7  -  By LYNDON JONES I WAS born roughly in the ntiddle of human history. For as far as many statistical series related to the activity of mankind are concerned, the date that divides human history Into two equal parts Is well wtthln living memory.
    1,745 words
  • Article, Illustration
    STRAWS IN THE WIND
    407 7 THE ERA of fast foods has feQftL definitely arrived in sngapore. While one is expanding here, another American food chain is racing to set up here before the end of the year. It's also opening in Kuala Lumpur. It's not Mac Donald's nor is it BergerKing,
    407 words
  • Article
    PERSONAL OBSOLESCENCE QUIZ
    228 7 The following questions are a guide to assist you to evaluate your own degree of obsolescence. Can you expiate to the satisfaction of your 17-year old son, terms such as, total systems; word processing centres; information retrieval, direct costing, closed loop, group process, parameters, on-line, binary logic,
    228 words
  • Article
    Qualified account
    333 7  -  Letters to the Editor MRS NG AI LING Public Relationa Officer Ministry of Finance Revenue Division I REFER to an article, "Take that grey cloud away quickly" by Mr Quek Peck Lim, which appeared in the July 4 edition of your newspaper. Mr Quek stated in his article
    333 words
  • Article
    The plot thickens — then thins
    673 7  - The plot thickens then thins FORUM. on business By WILLIAM SAFIRE William Satire is a New York Times columnist. IN THIS AOE of roman a clef, let us concoct a plot pure fiction that Is almost as strange as truth, and would make a smash hit novel and movie. The
    673 words
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      Page 7 Advertisements Column 1
      368 7 Lunch TODAY -OKOH 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 >KOH OF GINZA nong Leong Bldg., Raffles Quay. Tel: *****81 I" rvATSURA Orchid Inn, Dunearn Rd Tel: *****2 II It's the toast of the tow n. IMPERIAL BAR N m M. •I/' Hil What
      368 words
  • Page 7 Miscellaneous
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Export issues down
      581 8 TOKYO Source: DBS-Daiwa THE market doted bearish yesterday, centring on export-re-la ted issues due to the sharp appreciation of the yen. However, non-margin pharmaceutical Issues rose sharply near the close. Turnover continued light, since Institutional investors continued to remain on the sidelines. In the morning session, export-related
      Source: DBS-Daiwa  -  581 words
    • Article
      Lock icon Hongkong
      331 8 Source: SHK Sec. AFTER Monday's amazing rise, the market yesterday was hard pressed to duplicate the performance specially In the light of discouraging trade figures. Although trade volume was up again, the June trade deficit of US$696 million did not augur well for the Hongkong dollar. Hang Seng Index
      Source: SHK Sec.  -  331 words
    • Article
      Sydney
      375 8 THE market closed firmer yesterday, although some leading miners eased a little In the afternoon, dealers said. The highlight of trading was an 80-cent gain by Bushells to a year high of A 55.20 on news Brooke Bond Lleblg of the UK Is bidding for the company. Of Industrials,
      375 words
    • Article
      Manila
      124 8 THE market closed mixed yesterday with commercials and minings firmer while oils declined, dealers said. Turnover fell slightly to 25.18 million pesos from Monday's 25.94 million. JULY 25 Pesos Acoje Mining .012 unch Atlas Con A Atlas Con B 22 60 +0.5 BaguloGold Oil unch Benguet Con. B 3175
      124 words
    • Article
      Bangkok
      150 8 JULY 25 Bahts Asia Fibre 203 unch Bangkok Bank 376 unch Bangkok Invest. 352 +8 Bangkok-Metro-politan Bank Bata 414 Berll Jucker 472 -4 Carpet Intnl 283 -88 Charoong Thai Wire j Dumex DusltThanl 328 unch Faber Merlin First Trust 280 unch Genera Finance 328 •4 Indo-Thal Industrial Finance Corp
      150 words
    • Article
      Composite index off two points
      296 8 Toronto SHARE PRICES doted lower In active trading on Monday. The composite Index was off two points with declines In nine of Its 14 component croupe. Losses led fains 222 to 199. Alliance Building Corp rose 15 cents to C 54.90. Canadian Realty Investors and
      296 words
    • Article
      Johannesburg
      341 8 GOLD SHARES were firmer on balance on Monday reflecting the sharp rise In the bullion prices. Issues moved higher throughout the day In cautious trading on both local and overseas ac-* count. JULY 24 Rand INDUSTRIALS A Alpha Abercom AE And CI A MIC Barlows a 8 Currte Finance
      341 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Monday 483.9 Friday 479.2 Week Ago 479.3 DOW JONES AVERAGE INDUSTRIALS Monday 831.60 Friday 833.42 Week Ago 839.05 LONDON DOLLAR PREMIUM Monday 102% to 103*4 Friday 10«% to 107(4 H.K. HANG SENG Tuesday 578.02 Monday 571.96 Week Ago 549.31 SYDNEY INDUSTRIALS Tuesday 432.31 Monday 430.22
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    • Article
      Lock icon SIGMA, LEYLAND ACCORD
      162 8 Reuter ANGLO AMERICAN Corp of South Africa Ltd's motor subsidiary, 81gma Motor Corp (Pty) Ltd has reached agreement with British Leyland Ltd to merge truck, bus, tractor construction and mining equipment activities, effective Oct 10. The new company, In which Sigma will nave a 51 Kr cent
      Reuter  -  162 words
    • Article
      Milan financials close higher
      467 8 EUROPEAN MARKETS MILAN prices closed higher in fairly active trading on Monday. All leading Industrial banks and insurances firmed. Financials were also higher, but La Centrale was marginally lower, against the trend. Bonds were quieter and mixed. But Amsterdam share prices closed quietly mixed with philips.
      467 words
    • Article
      Milan
      103 8 JULY 24 Ure Ante 125.25 15 Assoc Oen ***** 300 Bastogl <88 50 1# 75 Central* 3830 -15 Flat 1814 4-15 Flnslder 155 25 ♦5.25 Oen Immob 72 50 1.5 IFI Prl 2275 ♦5 Italcementl ***** ♦210 I taigas 980 10 Italslder 285 15 Magnetl M Pf 504 ♦4
      103 words
    • Article
      Frankfurt
      200 8 JULY 24 Dm Aef-Telefunken Akio Alb Leben Alb Vers BASF Bay H T Wbank Bay Vbank Bayer BBC BMW Cmaaella Chem Verw Commerxbank ContlOumml Dalmler-Benx Degussa Dema« Deutsche Bank Dresdner Bank Dt Texaco Dyckerhof f ST A Enka Olarus Gelaenberg OHH Hapag-Lloyd Harpener Hoechst Hoeseh Horten Kail Sail Karitadt
      200 words
    • Article
      Amsterdam
      226 8 JULY 24 FU ABN 362 50 unch Ahold 105 50 -1.5 Akzo 29 80 ♦0.2 AMEV 83 30 unch Amfas 100 00 I Amrot Bank 75.90 +0 1 HTT..:::::: 92 50 +0.5 Bols 71 70 -02 BorsumlJ 157 50 -0 1 Burhmann 71 00 +0 4 Byenkorf 94 00
      226 words
    • Article
      Zurich
      179 8 JULY 24 Francs Actions Sulsses Alusuisse Br Alusuisse Re* Brown Boverl Br Clba Oelgy Br Clba Oclgy PC Clba Oeicy Reg Credit Suisse Br Credit Sulue Reg Elektrowatt Br. Oeorve Pitcher Br OlobusPc Hero Br 206 1245 515 IMS 1060 710 560 2155 410 1800 000 421 2675B unch
      179 words
    • Article
      Paris
      267 8 JULY 24 Fr» CORBEILLE Air-Liquids B 8 N Oervatt Danone C 8 F (ThomaonCtf) CI* Francalse des Petroles Compagnle Financier* Compagnle General* Credit Foncler De France Hachette (Ubralrle) Machines Bull Mtchelln(B> Paiibas Pechlney Cl*1ne Kuhlmann 331 MS 294 140 375 80 370 232 4« 10 1355 179 87 -2
      267 words
    • Article
      Brussels
      94 8 IULY 24 FT* FORWARD MARKET Acec 315 unch Arbed 2400 -20 Astur 590 +2 Brascan 463 -15 Bru-Lamb 1545 unch Canpac 582 unch Cock 430 -8 De Beers 202 +6 Ebes 2285 15 Electro bet MOO unch Ob-Inno-Bm 2245 unch Oev 1310 ♦8 Hobok 2300 -25 Petro 3775 -15
      94 words
    • Article
      CHICAGO BOARD OPTIONS
      1580 8 July 24 CHICAGO Board Options Exchange volume slowed to 99,907 contracts on Monday from 155,002 late Friday, OPTIONS OCT JAN APL 8TOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AtlR AtlR A»on Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank
      1,580 words
    • Article
      Declines lead advances
      1068 8 NEW YORK CONTINUING concern about Interest rates and more weakness In the dollar pushed stocks narrowly lower on Monday. Interest rate concerns centered on forecasts by money market analysts that the prime rate will rise from Its present 0 per cent level. The dollar sank to a
      1,068 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      125 8 ft I*^2ll m 4 I ft ->f»" W llpiS ffiMfeSJl i |Sg An exciting cookbook containing no less than 90 tempting cake recipes with a wide variety of flavours, fillings, Icings and decorations. imw. All types of recipes are included from simple family cakes to lavish gateaux and special occasion
      125 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon QUARTERLY RESULTS
      652 9 Reuter ENGELHARD Minerals and Chemicals Corp said earnings from the International operations of Its Phlllp Brothers division were well below the same yearago levels in the second quarter although they were up significantly from the first quarter. The company earlier reSjrted second quarter net of 5530.1 million, down
      Reuter  -  652 words
    • Article
      Rockwell higher
      129 9 ROCKWELL International Corporation, the giant aerospace concern, reported a 42 per cent gain in its profit for the fiscal third quarter and a 33 per cent rise for the nine-month period. The Pittsburgh-based company said its net Income climbed to a record U5555.5 million ($1.50 per share) from
      129 words
    • Article
      Lock icon Hudson's Bay relates exchange halt to finds
      197 9 Reuter HUDSON'S Bay OU and Gas Co Ltd said the halt in trading in its shares on the Toronto and American stock exchanges probably resulted from an announcement, which originated from other sources, of discoveries on lands in which the company holds varying
      Reuter  -  197 words
    • Article
      GENERAL TELEPHONE CHALKS UP 7pc GAINS
      117 9 OENERAL Telephone and Electronics Corporation, Stamford, Connecticut, produced a profit of 7 per cent to U*****.4 million ($l.Ol a share) in the second quarter compared with $134.6 million (94 cents a share) on sales of $2.15 billion compared with $1.88 billion. Net Income for
      117 words
    • Article, Illustration
      Lock icon Citibank's marketing blitz causes ire
      1632 9 N.AMERICAN NYT IT TAKES A LOT of arrogance for a bank to assume It can sweep across the country without any regard for the overall market. Mr. Kenneth Larkln, senior vice-president of Bank of America, was talking about New York-based Citibank, which has embarked on
      NYT  -  1,632 words
    • Article
      Lock icon Swedish glassmakers become partners
      675 9 r EUROPEAN NYT. KOSTA, Sweden: Sweden's two most famous glassworks, ancient rivals that have helped to make the phrase "Swedish Modern" synonymous with good contemporary design, are about to begin a curious arms-length partnership. For decades, Orrefors and Kosta along with Its subsidiary, Boda have produced,
      NYT.  -  675 words
    • Article
      Lock icon Sandoz turnover hit
      452 9 FT ZURICH: Turnover of the Swiss-based Sandoz group was lower by 7.8 per cent In the first half of 1978 than during the corresponding six-month period of last year. According: to the parent company, the Basle chemical and pharmaceutical concern, Sandoz AG, this drop from SWFr 2.44
      FT  -  452 words
    • Article
      Lock icon Leading French steel makers will cooperate
      270 9 FT PARIS: Two of France's leading steel companies, Uslnor and Chatillofl-Neuves-Malsons, the main steel-making operation of the Chlers-Chatlllon group, are planning to step up their cooperation In the crisis-hit regions of northern France and Lorraine. Uslnor and Chlers-Cha-tlllon are, respectively, No. One and No.
      FT  -  270 words
    • Article
      Lock icon Union Corp unit to open new uranium mine
      364 9 r S.AFRICA Reuter BEISA MINES Ltd, a wholly-owned subsidiary of Union Corp Ltd, will open a 200 million rand uranium and gold mine at an area 25 kilometres south of Welkom in the Orange Free State. A Union Corp statement said production
      Reuter  -  364 words
    • Article
      Lock icon Rembrandt turns in modest profit rise
      410 9 FT REMBRANDT GROUP, the tobacco-based South African multinational which has diversified Into areas such as mining, liquor and textiles, has reported a modest increase In pre-tax Eflts for the year ended rch 31, with the flgtfre up from R 117.2 million to R121.2 million.
      FT  -  410 words
    • Article
      Lock icon RESORTS BUYS PIER FOR US$5.7m
      358 9 NYT RESORTS International, owner of the United Statesonly legalised gambling casino outside Nevada, has purchased theSteelpler, the famed Boardwalk landmark since 1898, for US$5.7 million. Mr. James Crosby, chairman of Resorts, declined to say what the company's plans were for the amusement pier, but other
      NYT  -  358 words
    • Article
      American Jet offers for Grumman American
      234 9 AMERICAN JET Industries has reached an agreement in principle to buy Grumman American Aviation Corporation for US$32 million plus $20.5 million of a preferred stock issue of American Jet, Mr. Allen Paulsen president and chief executive officer of American Jet, said. Grumman Corporation has
      234 words
    • Article
      Polaroid strong
      41 9 POLAROID CORP said domestic and international operations produced record results in the second quarter ended June 30. The company earned U5526.2 million or 80 cents a share on a 28 per cent increase in sales to $319.1 million ,«»Reuter
      41 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      37 9 a division of PERKIN-ELMER is helping people the world over succeed with computers Let us help you, write or call: Pertdn-Elmer Data Systems (Far East) Private Limited 30th Floor. UIC Building. Shenton Way. Singapore 1. Tel *****49
      37 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      in Singapore
      1451 10 and offer prices officially bated And business In and reported to the Stock Exchange of Singapore yesterpay with the number of shares traded lhovn in brackets In lou of 1,000 unit* unless otherwise specified. All Tine Settlement Contracts are Quoted after the word "sett." Big Board deal (In
      1,451 words
    • Article
      Government bonds
      86 10 1/4% 18/10/70 (250,000) (101.10B) 4 3/4% 15/0/00 (250,000) (100.558) 8* T f 18/4/81 (250,000) (100.558 100.706) 8 1/2% 1/8/70-81 (250,000) (101.806) 8 8/4% T P IWBI-64 (250,000) (102.006) 6 V 4% T P 11/7/87 (250,000) (102.006) 8 8/4% T F 16/8/88 (250,000) (100.906) 6 1/4% T P 1/7/89
      86 words
    • Article
      Stock options
      94 10 BTRIKINQ prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices *nd business done yesterday with the number or options traded shown in brackets. C*U Stone* (Sept 81.70) (0.618 0.748). C and C (Sept 82.20) (2.706). FtWN (Sept 88.10)
      94 words
  • Article
    SHARE INFORMATION SERVICE
    2533 10 1978 High 1 Low Company Last Sale +ocGr'i Dh> DW C'tt Gr'« YTd Nat P/E Vol COQQ) Day High Low SECTION ONE INDUSTRIALS 230 233 172 219 r 200 83 276 268 210* 478 132 123* 112 133 195* 00* 162 ra* 140* 256 Acma Alcorn Allied
    2,533 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TRUST lMuu«' ifini far Jul. X) INCOME BOND UNIT The Commerce The Saving Fund 2.12 2.25 133 1.41 (Ouraat W INCOME BOND rteaa) 1.07 1.12 Spore Prot Fund S'gorejiecurlty 103 l.M 1 M 2.06 MARA BUMIPUTRA FUND (Maaacva* prion tar July M) S pore Invest Fund
    146 words
  • Article
    In Kuala Lumpur
    1667 10 BID and offer prices officially listed u>d 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 A.m. (2 258). A|*n«m.t. 41) 2.54. Alum (2.288 2 358) <t>
    1,667 words
  • Article, Illustration
    Shares make good gains
    963 10 STOCKS wuri wtrfOp they M fallen lata ever the last week ail scored wall en the Stack Kiektai* of Singnper* With faw luitri, notably Haw Par, showing the way, price* g—>l|y made good galas en the day. The aore optimistic trading sentiment was reflected In the
    963 words
  • Article
    Trading fairly active in KL
    638 10 FRESH buying interest pushed prices of selected issues moderately higher on the Kuala Lumpur stock market yesterday. Trading was fairly active. The closing minutes saw a burst of bullishness and prices finished at the day's best. Current market favourites again dominated trading but a fair
    638 words
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  • COMPANY NEWS
    • Article, Illustration
      Profit underlines Sime's strategy
      1581 11  -  There is a flutter in corporate dovecotes about what Sime intends to do with the M 5475 million it has borrowed. While its chairman, Tun Tan, is playing his cards close to the chest, he makes no secret of hia general aim of diversifying into downstream
      1,581 words
    • Article
      DIVIDENDS ANNOUNCED
      300 11 Current payment Ex Data Boaka cloae Data payable Total for the year Total for previou* yaar Johan Tin Aokam Tongkar Harbour Oriental Hldgi. Public Bank George Town Kg Lanjut Sungei Beai Kramat Tin Dredg. Killing hall M. Flour Kuala Kampar FAN Rivfrvitw Sanyo Inda. (M) S°pore Glaaa (1974)
      300 words
    • Article
      SCRIP ISSUES
      129 11 Company Particulars Ex Date Books Close Pegi Malaysia Bonus Issue of 1 for 5 Jul 28 Aug 10 Great Eastern Life Bonus Issue of 1 for 2 NYA NYA M'»ia FeodmilU Rights Issue of 1 for 4 Lien Hoe Ml.00 per share Rights Issue of 1 for 4
      129 words
    • Article
      Olympia Plywood
      69 11 OLYMPIA Plywood and Timber Products Berhad has submitted an application to the relevant authorities for approval on the revaluation or Its freehold and leasehold land and buildings. A brief statement to the KLSE states that these assets costing $1,561,456.08 (which is freehold and leasehold reflected at cost and
      69 words
    • Article
      COMPANY MEETINGS
      156 11 Allied Chocolate Industrie* Ltd: AOM to be held at 481, Tanglin Halt Road, Singapore at 11.00 a.m. on July Kramat Tin Dredging Bbd: AGM to be held at 16, Jalan Tangsi, Kuala Lumpur, at 10.15 a.m. on July 31. Sungei Besi Mine* Malaysia Bhd: AGM to be held
      156 words
    • Article
      Khong Guan expects better results
      314 11 INCREASED output from the additional product lines set up In its Sabah and Kuching subsidiaries is expected to contribute substantially towards the group profits of Khong Guan Holdings (M) Bhd. this year, its chairman Mr. Chang Ming Thien tells shareholders at the .annual general meeting.
      314 words
    • Article
      UOD becomes wholly-owed UOL subsidiary
      255 11 UNITED Overseas Land has purchased five million shares of $1 each in United Overseas Development (UOD) for a total cash payment of $225,001. The purchase makes UOD a wholly-owned subsidiary of UOL which now holds 9,999,999 shares of UOD's issued and paid-up capital of $10
      255 words
    • Article
      Subsidiary acquires 89pc of Surfactant Services
      179 11 SIME Darby has announced thai Edible Products Limited, it* Sin*aC re-based subsidiary, s acquired 89 per cent of the equity of Surfactant Set vices Pty Ltd, an Auatralian company specialising in the production of detergent surfactants, for A 5534.000 (811.38 million), paid in cash.
      179 words
    • Article
      LATEST RESULTS
      37 11 INTERNATIONAL Wood Product* Ltd: Aiyllcted net profit after depreciation $1.63 million ($5.20 million), year ended Feb 28. First and final dividend 10 per cent, tax exempt (same) payable Sept 30, to shareholders registered on Aug
      37 words
    • Article, Illustration
      Universal Cable to seek listing on KL exchange
      560 11 UNIVERSAL Cable (M). a Malaysian wire and cable manufacturer with a tie-up with Walsln Llhwa of Taiwan, is to seek a listing on the Kuala Lumpur Stock Exchange. It came out last week with an offer of 2.35 million of Its shares,
      560 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      238 11 s>\^ When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia." Now
      238 words
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  • Article, Illustration
    Lock icon Overall growth of food production slips
    248 12 AFP. THE TECHNICAL committee meeting of the 14th FAO regional conference began in Kuala Lumpur yesterday and its recommendations will be submitted to a plenary session due to open on Monday. Malaysian Prime Minister Datuk Hussein Onn and FAO Director-General Edouard Saouma (above) are
    AFP.  -  248 words
  • Article
    Lock icon OECD forecasts slowdown in US recovery
    686 12 AP UPI. AFTER three years of recovery, the US economy is likely to have trouble maintaining its present state of health. The Organisation for Economic Cooperation and Development, a Paris-based research group of major industrial nations*, says several factors may nevertheless help keep the
    AP; UPI.  -  686 words
  • Article
    Lock icon HK currency futures
    374 12 Reuter. THE HONGKONG Commodity Exchange Ltd hopes to open market' dealing in currency futures and financial Instruments by the end of this year. Chairman Peter Scales said the exchange plans to operate the market along the lines of the Chicago international monetary market which deals In sterling,
    Reuter.  -  374 words
  • Article
    WEST TAKES NOTE OF BULLISH LOCAL MARKET
    956 12  -  By STEVEN TAN in N#w York STRONG resurgence a+v»the Malaysian and ££{$apore stock markets ha*caught the attention of Era! Investors and lnvestit commentators In the United States but there Is igjgkely to be any dramatic Inflow of investments into thf_ two countries, Judging
    956 words
  • Article
    LONDON STOCKS
    752 12 LONDON, Tuea. The market firmed today on hopes that the British government's Dividend Bill will be defeated In Parliament, dealers said. Trading interest was moderate and at 3 p.m. the Financial Times Index was up 1.3 at 485.2. Second-line Issues attracted much of Interest while leaders turned mixed
    752 words
  • Article
    Lock icon Malaysia won't allow ICA to be a deterrent
    165 12 Reuter. THE Malaysiaa govera■Mat will aot allow the ladastrial Coordiaatioa Act to become a deterreat to private Meter investment ia the manufacturing Meter, Deputy Prime Minister Datuk Seri Mahathir Mohamad said. He told aa iaveetmeat seminar ia Kuala Lumpur that, while the
    Reuter.  -  165 words
  • Article, Illustration
    MORE HOTEL SITES
    283 12 THE URBAN Redevelopment Authority will be offering more sites for hotel development in the next few months. A statement yesterday indicated that another sale will be announced shortly, in view of the demand for hotels and projected growth in tourist arrivals. The hotel sites will be ia
    283 words
  • Article
    Choudhury: Aug 2 judgement
    639 12 DISTRICT Judge Chandra Mohan yesterday reserved Judgement till Aug. 2 on the case against former Ben and Company chairman. Go pal Chandra Kar Choudhury after hearing submissions by defence and prosecution at the end of a 24-day trial. On that day, Mr. Mohan will also pass
    639 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      248 12 OCBC Centre For the business that demands the best... Mr. Managing Director, Your company's growth and profitability depends on creating the right image at home and abroad. Now is the time to get ahead. Start with your offices and enjoy a luxury environment in the heart of the business district
      248 words
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  • Article
    SHIPPING TIMES
    3533 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the nam* of the ship, the shipping Une involved, and the estimated dates bf arrival and departure, from Singapore port t C«oaortluM ScuDiteh iuu a Joint arrvtoe
    3,533 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      377 13 Fortnightly Direct Express Service Europe/Straits For further detail', cull Singapore: *****46 Kuala Lumpur ***** Port Kelans *****0 Penan K *****1 SHIPPING. J EVERGREEN LINE (EVERGREEN MARINE CORPORATION! FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ftlSO ACCtPTIHS CAP6O FOt: GENOA. lATTAKIA, BEIRUT. AIEXAMHUA, BENGHAZI. TIIPOII (LIBYA) Snort Barcelona t
      377 words
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      Page 13 Advertisements Column 2
      387 13 SHARJAH SHIPPING CO LTD *-> <■ z. UNI&A AGENTS 11 p A~( SHAKJAH SHIPPING (Si PTI ITO o*ll NTfll SHIPPING CORPORATION Sth Floor Aheng H 0 Blflj AUAIA lUMPUR Tfl .'O6IS 1 '34 Philip SI S pote 1 ISLAND CARGO HANOI ING TEI 91 133 91 ?«4 T *****0 PfNANG
      387 words
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      Page 13 Advertisements Column 3
      403 13 I g Seatrain Full Container Service to USA FEEDER VSI S PORE MOTHER VSL HK OAK LA GULF E/C A VESSEL ?6/7 Seatrain 9/8 25/8 27/8 5/9 8/9 29/7 Princeton V.131 A VESSEL Setrain 11/8 Lfungton 23/8 10/9 8/9 18/9 21/9 16/8 V 139 Full'Containei Service Irom USA MOTHER VSI
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      406 13 EGYPTIAN EGYPTIAN FLAG CONVENTIONAL AND CONTAINER SERVICE TO EGYPT S POKE PORT SAID ALEXANDRIA SPHINX AUG 29s SEPT 12 SEPT II PYRAMID SEPT 19 OCT 4 OCT 10 General Agents L.N. SHIPPING PTE LTD TEL: *****11 Telex RS ***** WEST BOUND LOADING FOR MUSCAT. DUBAI ABU DHABI. BAHRAIN, KUWAIT ETA
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      783 14 SHIPPING FULLY aNTAINERISEO TO fUROTE EXPORTS Spw« MM<| H'kari Bluttn ltd am It Ham M, oTTdtnbuflti Tk*m« Man Osaka Bay Hongkong Eiprtss mil SOU 19/8 21/ 7/8 9/8 27/8 29, 14/8 15/8 2/9 4/9 19/8 21/8 22/8 (31.8) 27/8 29/8 30/8 2/9 57? 8,9 13/9 19/8 21/8 10/9 12/9 13/9
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      Page 14 Advertisements Column 2
      797 14 la SANKYO LINE] AUSTRALIA SERVICE P KtUnf imimn loading for DIAMOND STAR SAILED IN PORT ADEL. MEL. SYD VUEMAN 30/31 July 1/2 Aug OWN, BRIS, SYD MEL MAY SKY 30/31 July 1/2 Aug FREM MAYCARP 12, Aug u t BRIS. SYD. MEI BANGLADESH SERViCE MAY CARP 27/28 July IN PORT
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      Page 14 Advertisements Column 3
      649 14 SEATjland U.S.A./ ASIA SERVICE DRY KtfRIGERATEO CONTAINER SERVICE SAILING EVERY *OWCSMr FW fWTS 111 M*. CANADA. CARIBBEAN lAPAN. KOREA. TAIWAN. MOM KONG. THAILMIO M»P PWILIPWIIES KSKi/.or*i ssbnT WORLD LION V 5 »«ei/2 k 3l WORLD TIGER V 6 *"<' WORLD LION V 6 AUG 15/16 AUG 14 WORLD TIGER V
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      Page 14 Advertisements Column 4
      1018 14 Everett Lines/ Burma Frvt Star SkippMf Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON HTOWEYWA 1/3 Au9 B.F.S.S.C. Agents in Malaysia TEPS MALAYSIA Port Keiang Tel (38) 7355 Penang Tel *****/ ***** j Compania Argentina Ob f Navtfacton Intarcsntinantal S. A. C.I. F. I \fJty "ARGENTINE NATIONAL LINE" jj luaoihg m
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      669 14 I \K I) I\ I \M \H I Orient Overseas CotUeutteA. Line FULLY CONTAINERISED SERVICE TO EUROfE (VIA SUEZ) ICNEVAUER AO2E 9R HUONG CONTAINER 11» I mi turn W OMENTAL CHKF IK) IS SEAS MIKE 17R OMENTAL RESEARCHER 9 NEPTUNE COML 9N CHEVALIER PAUL 12MI *8/9 11/9 15/® 17/9 18/9
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      1341 15 CjCL Overseas Containers Limited tammm* service it k/continemt: Hburg R d)fn It S'pore P. Ktltng D'ntsrh Bum A werp Htvre ItNALIEf It 111 II ta( 11 22 Aq (31 Aq) (IT* Of EOMIUKN 7 Aq lAq 31 Aq *4»t J J*** THAMES UN 14 Ai| IS <•( 2 Sift 4
      1,341 words
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      997 15 same* of Bim line Btae Hwmei Cten Lore and NSMO ro br/CBHTIHEHT (ta tan) tipun P. Peaaag 'ROTESIIAUS 14/tt Aeg 18/18 11/n Hev 5 Sept Lnioes. Bilbao. Aasterdam. Null. II let Lenoes. BitJO Amste-aair Hull. 11 Hev Leiioes. Bilbao. Amsterdam Mull 1? Dec Leiioes, Bilbao. Amsterdam. Hull. 12 Jaa Leiioes.
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      Page 15 Advertisements Column 3
      981 15 sapm MHHN MM" M lit M'BURC B'MAMM rOAM HAVRE SOTON T, [mK bll M p. mini I*. l—tm France All U.K. I $c*n«ina«ia Antwerp uhumi W Wf! 2£" i 2 s is 11 'Is em Of ebinborsn I*n J»m *£S i£S THAMES MA til 14 tM IS JUg J 2
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      1145 15 Scan Dutch V EXPRESS COHTAINEW SERVICE VIA SUEZ WESTBOUND TO MED/UK/ COHTIMENT/SCANDINAVIA FMt> •mn p. Keiang Vessel I'tori L Msaillr* 23 Rdaa X Hbarg 4) Sbug lUIMU Sarlad Ml. HlfT la Pt 1/ S 11/ 14/ I 11/1 FBAMISCA J UIMBIt 1/1 Hi t 11' 11/1 IS/ I SUSSt IV
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      Page 15 Advertisements Column 5
      508 15 GUTHRIE BOUSTEAD THE BANK LINE LTD LOUS FN E I S AFRICA TAYOANK {Mauritius Reuixwi. Zwuibar, Durbar, 11, f.[, Capetown) P. Kelanf 27/N M S port S.47TMa| from east iniu rat bamcbk. wmu 01IVE0ANK Penanf P. Kelaif S»o.e »n SUSANHE SKPU Peiar* P Kelanf IS/IS An Spore 17/« >4 EXPRESS
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      844 16 K''line_ fIEMBDESBSD (VIA SfEZ) kr tmtmm V«uh to nrnon S'pore P. Keiang L.Havra HDurf Bremen Mam A"«rp CHEVALIER KZE I* 27 My »Wj 1» An «*n *JI »»H HKHK CONTAINER 11W SU( I »«l < »*2 "An 3 J MERCAIK 7W 11 An 12 An 31 An 2 Saft 3
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      Page 16 Advertisements Column 2
      1011 16 E.C.-Q.S.JL/ATLAITVC/60LF SERVICE ACCEPTING FCI/LCL CONTAINERS FHW SPOtE. P. CUM. KMI( Laadiaf far: NORFOLK NEW TMK. DALTIMORE, NEW HUUS, HOUSTON Singapore P. kmw Paaaaf vessel'* E.C./GREAT LAKES SERVICE Late* far: NORFOLR. MW Tin, MONTREAL. TWUTt UITIMU IPTWrT, CDCUI ►enanf Beiawan P. Kelaaf Smfapore 11. WEST OENCAL" (MS* 24 SCI) SI/ 1
      1,011 words
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      710 16 •FULLY < ti ehmpe o>ia smr chevalier rohi komkonc container NERCATOR MIENTAL CHIEF SEVEN SEAS MIKE OCIENTM. RESEAKNER tC. RUE S pan Clasin 'All mab cHIUI FUN EMMPE (VIA SKZ) NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: U SKZ)' Spore P MN 1} 17 My 21 Mfs'! f* f* (Tiitia
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      457 16 UMBO, Malaysian mkknavonai shipping GfrvoA>«no*Bp»MO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA IST WW: leetei Until; Vessel Spoie Use.lies 2) Ma» 31 Hbdfg 4) ttu't AIM hofiiii far 1> MrtaMa. tnu Ibiiw, Aataarp. L Ban*. I Ma*. tM*. M, t) Inn, IraßiMani. MrMt. NtitiMu. 4) Mm. SlimHlm. MM. 'AccapUt (an** cat*
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      Page 16 Advertisements Column 5
      900 16 INTROSEA l ih> H > IF On 1 (PTE) I.l'cl Road S" LTr VOAAIIA&m lECIUI IMEPEMENT SFMIFILL CONTAINER SERVICE II EIROPE S'pon P AHBIRSa »(12 (CMtr. «A.pi th« Penanf L—tmt Iff: C„'| > :j~ t.-j M'Jtillas/S'ttn (UK.) H*bur| R'dair BtniUfnt I >lt R d«m M burg A«n Ui CWNIM Mil
      900 words