The Business Times, 27 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 THURSDAY, JULY 27, 1978 50CENTS
    10 words
  • BRIEFLY...
    • Article
      Lock icon New hydrogen process
      83 1 Reuter BRUSSELS, Wed. A new process for producing hydrogen, which could play a key role In supplying future energy needs, Is now fully operational at a Common Market research centre In Italy, It was announced here today. The EEC Commission reported that the closedcircuit system of producing
      Reuter  -  83 words
    • Article
      Lock icon Gold breakthrough
      75 1 AFP JOHANNESBURG, Wed. South African financial experts today predicted that the price of gold would soon break through the US$2OO (about Ss46o) an ounce mark and reach $230 by the end of the year. They also foresee a rise in gold mine shares on the Western stock exchanges.
      AFP  -  75 words
    • Article
      Lock icon Last Tokyo Round?
      85 1 AP GENEVA, Wed. The Tokyo Round negotiations on liberalising world trade are 80 to 85 per cent along the way home and chances of a collapse before their scheduled completion on Dec. 15 are pretty slim, said the US representative in the talks. Ambassador Alonzo McDonald also
      AP  -  85 words
    • Article
      Lock icon MAS new loan
      52 1 Reuter KUALA LUMPUR, Wed. Malaysian Airline System has signed an agreement to raise a 5 1/2 year Ms3s million loan with interest at 7 1/2 per cent, said Malayan Banking Berhad, the loan manager. Proceeds will be used to finance purchase of a second DC-10 airliner, it
      Reuter  -  52 words
    • Article
      Lock icon China's trade up
      77 1 AP TOKYO, Wed. China's exports for the first six months of 1978 were up by 28.5 per cent and imports by 60 per cent as compared with the January-June period of last year, the official Hsinhua News Agency reported today. It gave no figures but said there
      AP  -  77 words
    • Article
      KL-Singapore air talks
      62 1 KUALA LUMPUR, Wed. Talks on the Malay-sia-Singapore air services agreement are likely to end today with a settlement, sources said. Malaysia is now willing to allow Singapore Airlines into Penang (minus the "fifth freedom right") the sources said. Singapore is asking for concession to offset what it
      62 words
    • Article
      Lock icon Indonesian fair
      41 1 UPI TOKYO, Wed. Indonesia will sponsor a five day exhibition of its manufactured goods starting Aug 18, the Indonesian Embassy announced yesterday. The fair will be held In the Japan .International Trade Organisation (Jetro) building in downtown Tokyo. UPI
      UPI  -  41 words
    • Article
      Lock icon Dow Jones
      79 1 UPI NEW YORK, Wed. Better-than-expected US trade figures and resulting strengthening of the dollar abroad sent stocks sharply higher on a rush of activity early today. The Dow Jones industrial average at 840.95, up by 7.97 yesterday, had climbed another 5 points to 837.98 before the end of
      UPI  -  79 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Austral Amal MTC Kg Lanjut Shangri-La Setron Olympia Berjuntai FAN Lower Perak BRaya Kern ay an 560 735 230 390 226 178 875 550 245 233 210 +94 +30 +28 10 +6 +6 +5 +5 +5 +5 +4 Falls G E Life Supreme Corpn Haw Par
      127 words
    • Article, Illustration
      In Kuala Lumpur
      162 1 Rises M Tobacco 7.60 .25 Castlefleld 11.00 .20 Utd Mai 4.56 .14 Mentakab 3.00 .10 A HI lam Tin 10.80 .10 Kemayan 2.19 .09 Lien Hoe 2.16 .07 Negri Semb 3.06 .06 Falls Bolton 2.07 -.11 Roxy 2.40 -.10 S Darby 3.28 -.10 SG Besl 6.15 -.10
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  • Article
    Japan must fulfil all pledges says Fukuda
    319 1 JAPANESE Prime Minister Takeo Fukuda said Japan must fulfil pledges he made at the Bonn summit of leading Western industrial nations before next year's summit, which would probably be held in Tokyo. The major pledges Included 7 per cent growth and reduction of
    319 words
  • Article
    DBS offers exporters cheap loans
    635 1  -  By SOH TIANG KENG THE Development Bank of Singapore has launched a new credit scheme offering short-term loans below the prime rate. Known as the Fixed Advance Facility (FAF), this scheme will provide cheap finance to traders and exporters. The fixed Interest Is pegged below
    635 words
  • Article, Illustration
    Tokyo not likely to buy from LDCs
    637 1  -  By QUEK PECK LIM DEVELOPING countries' manufactured goods are unlikely to be Included In the list of items to be purchased under Japan's emergency import plan. Japan's Minister for External Economic Affairs, Nobuhlko Ushlba, who arrived in Singapore yesterday morning, seemed to imply
    637 words
  • Article
    RECORD U.S. EXPORTS
    114 1 THE United States has the smallest trade deficit in more than a year last month as US businesses exported a record US$l2.l billion (8527.8 billion), the Commerce Department said. The June deficit of $1.6 billion was encouraging because the growing trade gap had contributed to Inflation at
    114 words
  • Article
    Conversion deal is proof of Jurong yard's expertise
    308 1 THE $30 million contract secured by Jurong Shipyard to convert four cargo vessels to container shipe marks the beginning of the successful transfer of Japanese technology and expertise on container carrier construction to local yards. The yard, which signed the largest single
    308 words
  • Article
    Three ready to set seal to refinery accord
    507 1  -  By RONNIE LIM SINGAPORE Petroleum Company, BP Singapore and Caltex Asia will sign a contract next week for a refinery project, according to sources. The latest development means that the project is expected to come on-stream as scheduled In late 1980. The
    507 words
  • Article
    THAILAND'S DEFICIT
    64 1 THAILAND'S trade deficit is expected to rise to between US$l.2 and $1.3 billion (552.76 and $2.99 billion) this year, up from last year, because of a drought last season. Dr. Plsit Pakkaseam, a director in the National Economic and Social Development Board, said Thailand's trade deficit last year
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      2 1 AKAI i'
      2 words
    • Advertisement
      Page 1 Advertisements Column 2
      123 1 IS: iw*-. AMOST imtingoshed q\k Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension and extensive
      123 words
    • Advertisement
      Page 1 Advertisements Column 3
      96 1 m SHIPPING TIMES UL AGRICULTURE root of poverty in Aaeu three 2 MY word! What a boon to business 2 SUBSIDIES a nail in the ship industry 5 BIG American philanthropiaU are a vanishing breed 6 TOWARDS a universal ear.. 7 MEMOPAD 2, CROSSWORDB 2, AH BRISTOW 7, STRAWS IN
      96 words
    • Advertisement
      Page 1 Advertisements Column 4
      357 1 Trust Sony for your AUDIO COMBINED SYSTEM Nowadays we cam 7 think of a better way to present a quality sound system than the Pro 1. The audio experts at the Akai laboratory stuaios in Japan have selected five top components and neatly fitted them into a upright shelf that's
      357 words
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  • TRADE AND INDUSTRY
    • Article
      Weeding out the poverty in agriculture
      1013 2  -  By RONNIE LIM MALAYSIA, Indonesia and the Philippines have to look beyond agriculture and Increasingly towards labour-intensive Industries If they are to achieve economic growth and more equal distribution of wealth.. Malaysia, for Instance, "has a surprisingly high degree of income Inequality and absolute
      1,013 words
    • Article
      Plans for mould making plant
      129 2 A NEW $3 million mould manufacturing and Injection machinery plant la being planned for Singapore. The venture will Involve a Swiss company, Uhaf Udersee Handal AO and its wholly-owned local subsidiary, Cosa. Plans for the venture, Cosa Moulds, are still on the drawing board with
      129 words
    • Article, Illustration
      PROMET BUILDS TAPIOCA TRANSHIPMENT STATIONS
      110 2 TAPIOCA, the humble rootstock which was considered valueless once upon a time, is experiencing a boom market in Europe as feedstock for animals. Promet Pte. Ltd. recently launched two floating tapioca transhipment stations at its Jurong yard, the first of their kind in the world.
      110 words
    • Article, Illustration
      Spectrum of word processing services
      138 2 A COMPANY,Spectrum Word Processing, has been set up to provide electronic word processing service to Singapore businessmen. A joint-venture between Spectrum Management Services and a Singapore firm, SWP's total investment is $100,000. The computerised equipment with an input unit, a printer and a memory unit
      138 words
    • Article
      Computer to raise the fire alarm
      454 2 A NEW concept In smoke and fire detection In large buildings Is attracting considerable attention among Singapore developers of high rise buildings, according to a visiting US expert. Mr. Will Norrls, chairman of Nor-Llte International Ltd, US,ls here to demonstrate a wire-less, computerised smoke
      454 words
    • Article
      INSURANCE CONGRESS WILL BE A BIG DRAW
      287 2 SOME 1,000 insurance delegates are expected to attend the ninth conference of the East Asian Insurance Congress (AIC) at the Shangri-La from Oct 2—6. This will be the first time Singapore is playing host to the five-day biennial conference and about 800 delegates
      287 words
    • Article
      MEMO PAD
      409 2 COURSES AND TALXS 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
      409 words
    • Article
      Merit and demerit roundup
      130 2 SOME conclusions on merit and demerit schemes for workers may be reached when the National Productivity Board holds a discussion at the Hyatt Hotel on Aug. 5. The discussion Is to round up the views of the 14 workshops of the national seminar on merit and
      130 words
    • Article
      The designing of quality control experiments
      276 2 THE NATIONAL Productivity Board will be organising a course for engineers, chemists, physicists and all others Involved In quality control. It will be from Aug. 7 to 14 at the NPB office in Jurong, and will be on designing QC experiments. This Is a
      276 words
    • Article
      Any comments?
      94 2 TOREK draft fniWuitti— kgr tha Waffpnw Tntitirtr rf SUadarta tad UvMal Imink ara availaMa fbr pahttc —ta far ritrnw cUu w.c. aaaa. Hm ant draft. a»bw to flnttb paljrwathaaa hu fci wplailrtw j purpeeee. Tha third U t w taUawmra IWari«MMMrfßBW<llTllialMMwilviaUk r It tori mi in ili t
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      73 2 0 ■i i ■Mi H I m fk lllllW D1500(1Vi ton) 53 5 M L*i &Sg>Bs ASIA MOTOR CQ (PTE) Lm is 1, Kg. Ampat, off Macpherson Road. Tel: *****6 1-3, Ngee Arm Bldg., Orchard Road. Tal: *****2 Showrooms open: Mon. to Sat 8.30 a.m. to 8 p.m. Sunday 8.30
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      603 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Only one vehicle, but It's traffic (5) C Think about nothing but a rodent (5) Bargee's smoking accessory? 10 parts back (5) II Historic fruit? (5) 12 Not beautiful country (5) 13 Free use of Braille (7) IS Some ripe pears have little flavour!
      603 words
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  • OVERSEAS
    • Article
      Lock icon Offshore oil, gas leasing rules revamped
      207 3 AP CONFEREES from both Houses of the US Congress agreed on compromise legislation that would bring about the first major overhaul of offshore oil and gas drilling rules In 25 years. Framers of the compromise said the measure expected to win final approval In
      AP  -  207 words
    • Article
      Lock icon Surprise 'yes' to capital gains tax waiver
      851 3 NYT THE US House Ways and Means Committee unexpectedly approved on Tuesday a proposal to waive capital gains taxes on assets whose value has gone up by no more than the rate of Inflation, starting In 1980. The startling 21 to 16 vote
      NYT  -  851 words
    • Article
      Lock icon Carter urged to scrap beef quotas, trigger system
      448 3 UPI A TOP US administration official said the government's steel trigger price system and quotas on beef imports should be removed. Barry Bosworth, chairman of the Council on Wage and Price Stability, told a House of Representatives agriculture subcommittee on Tuesday that
      UPI  -  448 words
    • Article
      Lock icon US Steel won't rest on its laurels
      415 3 Reuter THE US Steel Corporation, America's leading steel maker, while announcing that Its second quarter profit rebounded sharply over year-ago results, said profits must be further improved to keep steel manufacturing facilities modern and efficient. The company's second quarter profit increased to U*****.3
      Reuter  -  415 words
    • Article
      Lock icon Strategy against shared-monopoly
      437 3 NYT THE HEAD of the US Justice Department's antitrust division, Mr. John Shenfield, has outlined In a confidential memorandum a strategy for attacking In the courts certain pricing practices of so-called shared-monopoly industries. Officials in the anti-trust division said the May 28 memorandum to the staff has
      NYT  -  437 words
    • WORLD IN BRIEF
      • Article
        Lock icon GM TOPS JULY SALES
        553 3 Agencies DOMESTIC new car sales In America In mid-July rose 5 per cent from a year ago, slowing down from the strong pace of recent months. Car manufacturers said their dealers sold 261,870 units in the July 11 to 20 period, up from the 249,300 units
        Agencies  -  553 words
    • Article
      Lock icon Duty levied on EEC sugar imports
      111 3 UPI THE U8 Treasury Department has ruled that Euro"pean nations are unfairly subsidising exports of ■agar into the US and moat pay a duty of US 10.8 -eente (824.8 cents) a pound (0.45 kilo). Tho doty is more than the world price of sugar,
      UPI  -  111 words
    • Article
      Lock icon Italy in a pinch because of wage indexation
      236 3 Reuter ITALY will never be able to reduce inflation and increase investments until it ■as tne courage to change its current system of wage indexation. IMF European director Alan Whittome said in a report on the Italian economy Italian wages are rising
      Reuter  -  236 words
    • Article
      Leyland seeks help
      39 3 BRITISH Leyland Motor has asked Nissan Motor of Tokyo for wide-ranging cooperation including the development of new models and remodelling of exporttype engines. Industry sources said yesterday Leyland also wants 2,000 cc engines manufactured by Nissan.
      39 words
    • Article, Illustration
      Lock icon US budget director sees smaller deficits
      716 3 Reuter NYT US BUDGET Director James Mclntyre said the deficits for fiscal 1978 and 1979 are expected to be lower than forecast by the Carter Administration in January. "The fiscal year 1978 deficit Is now estimated at U8851.1 billion (*****.5 billion) 810.6 billion less
      Reuter; NYT  -  716 words
    • Article
      Lock icon NY gets $4b guarantees
      447 3 NYT THE US House ot Representatives has passed a compromise bill providing New York City with US$l.65 billion (SS3.B billion) In Federal loan guarantees. Senate action was expected yesterday, as the city and Its supporters finalised details for the long-term Federal credit assistance. New York City
      NYT  -  447 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      210 3 When wirre trading pepper, )wi need a banker who can think like a pepper tradec From financing pepper exports in Singapore to Hniog up import markets at the other end of the deal, American Express International Banking Corporation gets involved. MSe&k. You expect your international banker to be at home
      210 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      501 4 OPENING prices yesterday were marked up about two cents on higher London advices and the market later gained further on covering Interest and speculative support. Profit-taking and upcountry releases, however, emerged towards the morning close to ease levels back slightly. The morning session closed higher with
      501 words
    • Article
      Closing prices
      31 4 Rubber: July 26 Singapore: August 233.25 cents, (up three cents) Malaysia: August 238.2S cents (up 2.75 cento) Tin: Mi 1,696 (up $1) Official offering: 251 tonnes (up 43 tonnes)
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    • Article
      RAS PRICES
      331 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R S.S prompt f o b. Int. 1 R.S.S. August Int. 1 R.S.S. September Int. 2 R.S.S. UK/Cont. Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 233.25 233.25 232.75
      331 words
    • Article
      SSR AND SMR
      97 4 NOON SSR and SMR prices yesterday RAN August (Current Mth) Sep (For* «ember art Mth) Buyer* Sellers Buyers Sellers (centa perkg) (cents par kg) SSR 20 (1-ton pallet) 212.00 214.00S 213.00 215.00N SSR 50 (1-ton pallet) 210.00 212.00N 211.00 213.00N MRELB SMR5CV (1-ton pallet) 241.00 243.00N 241.00
      97 words
    • Article
      Palm oil
      71 4 LONDON™ European P° rts ln us doU P« ton unless otherwise stated Malaysia 5% ffa bulk per tonne September Sumatra 5% (fa bulk July August September October November January Nigeria 5* ffa bulk stg ROTTERDAM: Sumatra Max 5 August Zaire (Belg francs per kilo) Tuaaday unch unch 627
      71 words
    • Article
      Soybean
      221 4 CHICAGO soybean futures finished mixed after fluctuating on both sides of the previous close In Chicago on Tuesday. The two nearby contracts fell SV, and two US cents a bushel while the distant August ended fractionally lower. But other Months rose AY» to H cents. Traders said selling in
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    • Article
      Wheat
      208 4 WHEAT futures finished mixed, with the three nearby contracts 2Vi to US cents a bushel higher and other Months one to cent lower In Chicago on Tuesday. Trader expectations of increased wheat exports out of the Oreat Lakes and at the Gulf triggered a flurry of local short-covering at
      208 words
    • Article
      Rice
      103 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F O B. basic Bangkok). White Rice: 100 pet Ist clan 412.100. pet 2nd class 307,100 pet 3rd class 392. 5 pet 389. 10 pet 3«2, 15 pet 357, 20 pet 352. 25 pet 342. 35
      103 words
    • Article
      Produce exchange
      364 4 THE uncertainties over the U8 dollar continued to prevail on the Singapore produce market yesterday. Pepper dropped $5 per plcul all around and no buying commitments were forwarded. Copra and coconut oil dealers were Idle and would be so for several days, said one oil miller. According to
      364 words
    • Article
      Coffee
      536 4 ROBUSTA futures In London yesterday ended the opening call easier at new contract lows and with all but the first two positions trading below the £1,000 mark. Opening losses ranged between £39 and £45 per tonne with spot July down £72 from Tuesday night and 452 lots were traded.
      536 words
    • Article
      Cocoa
      282 4 LONDON terminal cocoa was Irregularly held In late trading closing £8.50 up In spot July to £7.50 down In the forwards, on Tuesday. Turnover totalled 1.778 lots Including 687 lots crossed and six options. Dealers said much of the afternoon's action was related to New York movements. The morning
      282 words
    • Article
      Straits tin
      222 4 THE STRAITS tin price In Penang yesterday gained Msl per plcul to 81.698, but still stands 84 below the International Tin Agreement celling. The market held steady with a small rise following the steadier London closing on Tuesday, together with demand from the US, Japan and local dealers.
      222 words
    • Article
      Silver
      340 4 1 THE Hongkong silver 1 market was closed yesi terday. In LONDON yesterday, 1 silver was marginally softer in dull trading. The metal turned over 25 lots including Three Months at 293.6 pence an ounce, with sellers over at the higher level, up 0.6 on the ring. Silver turned
      340 words
    • Article
      Sugar
      227 4 i SUGAR futures closed £1.80 to £1 per tonne down In a turnover of 2,240 lots In London on Tuesday. The market moved Irregularly this afternoon following the trend In New 1 York before ending steady at Just above the lows on book-squaring operations. The morning market initially held
      227 words
    • Article
      Gold
      350 4 THE KILO BAR in Singapore yesterday opened at 5514,382 and closed at $14,357 in quiet trading condition. Spot gold for London delivery opened at US$lO5.OO/ 40 and closed at U*****.90/ 195.30. The London morning gold fix was U*****.70 up $1.40 on the previous fix. Source: Slagmas Retail prices per
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    • Article
      Zinc
      124 4 ZINC did a little more than mark time In quiet conditions in London yesterday. It was well maintained as £320 was also paid for similar delivery. On Tuesday, the metal rose by £4 for cash and £3.75 for Three Months on the day. This metal was more active during
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        525 4 THE YEN continued Its appreciation as the US dollar fell to new lows on the foreign exchange market yesterday. Against other major currencies, the dollar managed to hold its ground. Opening at 185.75/85 yen, the US dollar was traded down and by Tokyo's close, It was down 100
        525 words
      • Article
        Asian $ & CD rates
        175 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 26: U8IMIan<8pat> 7 day» 1 mth 2 mths 3 mths > mtlu mths 12mths 1/1# 7 15/16 73/4 7 5/B 8 3/16 81/1# 1/2 3/8 1/1« 15/16 3/l« 1/16 1/4 1/B Sw. Fr» Dm. (MMOsPrtaw) 1 mths
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      • Article
        Discount
        44 4 RANGE of prices offered by discount house* on July 26: Overnight 3** Call deposits 3** to 3*% CM* 3-month 8.11b* Treasury bills 3 3/8 31/4 3-month Bank bills 51J/ie 511/1# 3-month CD 1/1 a •-month CD 61/4 61/8 Source: National Discount Co. Ltd.
        44 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet customers is 7 per cent.
        21 words
      • Article
        Treasury bill tender
        42 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for a total of $25 million 91-day Treasury bills to be Issued from Aug 1 to Aug 4. Each tender must not be for less than $250,000.00.
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      • Article
        London
        273 4 THE dollar yesterday traded nervously higher against most major currencies apart from the yen as operators took profits ahead of the US June figures due later in the day, dealers said. Some operators expect the June shortfall to range between US$2 bllUon and $2.5 billion against the $2.24 billion
        273 words
      • Article
        New York
        293 4 THE dollar closed marginally firmer against major currencies after a day of erratic, nervous trading on Tuesday. Dealers said the yen again led other currencies higher in the morning, as it opened at 0.5104/ 08 cents or 105.85 midpoint, sharply above Monday's close of 0.5059/ 62. However, after
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      • Article
        Tokyo
        201 4 THE US dollar for overnight delivery yesterday closed lower at 195.10 yen, compared with a 195.70 opening and 195.50 at Tuesday's close, after falling briefly to a post-war low of 194.50 In late trading. The Bank of Japan bought an estimated US$2OO million at around 195 yen, mostly In
        201 words
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        Hongkong
        90 4 AN APPROACHING tropical storm yesterday severely restricted currency trading which ceased completely at the end of the morning, dealers said. The US dollar was last quoted at 194.50 against Its 195.75/ 85, opening Just below Its New York close, while it eased slightly to 2.050/ 17 marks from 2.0515/
        90 words
      • Article
        Australia/NZ
        56 4 AUSTRALIA and New Zealand exchanges on July 20: AUSTRALIA US dollar 1. ISM/1.1806 Sterling 0 60)0/0 5063 Ninety-day airmail buying rata*: Sterling 0.6232 US dollar 1.1886 Ninety-day forward buying rate*: BterUng 0.8032 US daUar 1.1402 NEW ZEALAND: Sterling 0 MS2/0 5422 US dollar 1.0513/1 0413 Ninety-day airmail buying rate*:
        56 words
      • Article
        Euro $ rates
        70 4 Euro rates LONDON Eurodollar deposit rates yesterday held steady In light early trading, dealers said. Eurodollar depoatu opening quote* on July 38: Overnight 8. 7-7/8 ThurwFrl 23-1/1, 23-1/4 Weekend J. >-7/8 Seven days fix and noue* 4-1/8, 8 One mth 7-3/4, 7-5/8 Two mth* 8-Vl6, 8-1/18 Three mth* 8-1/2, 8-3/8
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    • Article
      Copper
      465 4 COPPER turned very steady on the London Metal Exchange yesterday morning, following the trend In New York overnight. Orowlng tension in Central Africa, involving the Rhodeslan situation and Zamblan transport difficulties, kept sellers reserved. In the event, gains amounted to £4.5 and £5 respectively for cash and forward wire
      465 words
    • Article
      Lead
      77 4 LEAD in London yesterday followed copper higher adding £3 and £2.75. On Tuesday, the metal rose by £5.5 for cash and £5 for Three Months on the day. i The afternoon market was very steady on further short-covering up to £319 i for Three Months during l late kerb
      77 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      34 4 Nil :Z etbesuez ;INDC6UF7 incorporated m Franc# with limited liability Ik [1 if A I l( 7 Telexlndocab RS *****. Cable: Indoauaz Singapore P.O. Bo* 246. ft W i —Z HEAD OFFICE PARIS >| LZ,
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  • TRANSPORT
    • Article
      Lock icon Redesign EEC shipbuilding industry call
      223 5 AP FOREIGN ministers of the European Economic Community has called for a redesigning of Europe's shipbuilding industry, hard hit by falling demand and foreign competition, especially from Japan. In a resolution approved by the foreign ministers of all Common Market states except Britain, the ministers
      AP  -  223 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      285 5 AP THE chartering market on Tuesday was again quiet and little changed, although there was a slight Increase in North American grain movements to Europe and West Asia. The Norwegian Grain Monopoly took a 16,000tonne loader to two ports in Norway after the Aug 5-15 loading at
      AP  -  285 words
    • Article
      Lock icon Cheaper Asia fares
      98 5 AFP THE US Civil Aeronautics Board (CAB) plans to encourage competition on airlines to Asia by establishing new lines and reducing fares. The board is now studying a plan for developing lines over the Pacific and to the Far East, which have so far been characterised by
      AFP  -  98 words
    • Article
      Lock icon Anti-hijack plan
      100 5 AP LEGAL experts from seven Western nations will meet in Bonn on Aug 1 to comElete plans for an airline oycott of countries that harbour hijackers. Leaders of the United States, West Germany, Britain, France, Italy, Canada and Japan decided at the Bonn economic summit last week to
      AP  -  100 words
    • Article, Illustration
      SHIPS IN PORT
      391 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Allsher Navot (after Kuznlca) 47 Barcelona Mam (after Serena) 8/7 Bunga Seroja (after Prlmorje) 33/34 Oolden Eastern (after Ta Yu) 22 Karl Llbknecht (after Bunga Mas) 18 Kobe Maru (2300 after Lanshan) 19 Lumut (1300 after Tapah) 21 East Mendoza (1800 after
      391 words
    • Article, Illustration
      GIANT FLYING TUNNEL
      221 5 FOR THOSE who havanvror had tk» opportunity of seeing Now York'a Holland Tunnel a good alternative la i««»Mi»g down the 48-metre length at the cargo compartment at a Lockheed-Georgia-built CS Galaxy, the world's largest airplane. The offset is nearly the same. The CS which, in fact, has
      221 words
    • Article
      Don't go overboard on subsidies warning
      536 5  -  »y CHAN BONG SOO THE CRISIS in the shipbuilding and shipping industries may extend far Into the eighties unless realistic policies on subsidies are adopted by the governments of the major shipbuilding countries. Expressing this opinion the executive board of the Hapag-Lloyd AG of
      536 words
    • Article
      SABAH YARD BOOMS
      121 5 SAB AH Shipbuilding, Repairing and Engineering Sdn. Bhd. ii doubling iU present workforce of 11S to 232 u it fflturt ft KftA-i period. At the beginning of this month the shipyard won a MSI million contract to build five trawler* for a Labuan fishing cooperative. It has
      121 words
    • Article
      Lock icon It's coming: a sunship for cheap transport
      550 5 UPI AN IDEA is now floating the very word through scientific circles that seems so obvious It's a wonder no one ever thought of it before. It's a proposal for an Airship covered with solar cells which would power it economically and efficiently
      UPI  -  550 words
    • Article
      Lock icon Bangkok awaits Hanoi nod on air route
      146 5 AFP THAILAND has been waiting for Vietnam to set a new date for the opening of the Bangkok-Ho Chi Mlnh City air route since Vietnam postponed the original opening date last month. A spokesman for Thai Airways also pointed out that all administrative
      AFP  -  146 words
    • Article
      DELAYS AT PARIS AIRPORTS IMMINENT
      187 5 SERIOUB delays at Paris's Rolssy and Orly airports look certain this weekend as air traffic controllers In the capital Join their colleagues in a work to rule which has already hit flights throughout the country and abroad. On Tuesday 450 controllers at the Atls-Mons Paris
      187 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      731 5 ARRIVALS service Locti Operator Number Time From MAS MAS SIA MAS MAS MAS MHOOl MH682 8Q101 MH621 MH007 MH071 0700 KUL 0728 KCH 0815 KUL 0840 PEN 0046 KUL 0945 PEN/KUL CPA RBA OIA MAS CX710 OA0OO MH005 1005 HLP 1025 BWN 1030 HLP 1045 KUL SIA
      731 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      127 5 Now with ten flights a week Royal Brunei offers more When you want to go to Brunei you'll want to choose a day to suit you. You'll want to choose a time to suit you. And you'll want flexibility on your return journey. That's where Royal Brunei comes in. From
      127 words
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  • Article
    Don't keep us waiting too long
    569 6 THE Development Bank of Singapore's latest short-term credit scheme for traders and exporters Is laudable for several reasons. But It has still got to be recognised for what It Is. The bank's Fixed Advance Facility (FAF) Is no more an imaginative marketing move aimed
    569 words
  • Article, Illustration
    Lock icon Where have all the philanthropists gone?
    1477 6  -  By ANN CRITTENDEN NYT PHILANTHROPY has always carried an aura of wealth and do-good Ism, an Image as a plaything of the Idle rich, said John Rockefeller the Third In an Interview some months ago. But It Is not too late to straighten out
    NYT  -  1,477 words
  • Article, Illustration
    BITTER-SWEET CHARITY
    931 6 This is most of the speech that caused an uproar in Singapore in March, delivered by Mr. Joseph Y.M. Pillay, chairman of the Singapore Airlines Group, on the occasion of the opening of Singapore Armed Forces squash courts donated by SIA. The public reaction culminated in the Singapore
    931 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      277 6 re rr kL ~`(?]-'|~?,^,)&&%:"$%~{]<:!;_@; Delicious food at its most glorious awaits you at hantirlm* A bounty ol beautiful food a*aits you at Chanticleei Taste the most mouth masterpieces of f uropean cooking, prepared from only farm-freshest ingredients, and sip your choice of gnat ines. fcn)o\ your lunch or dinner at
      277 words
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      Page 6 Advertisements Column 2
      44 6 LTD 3 -i. >• I 1 After a long day, enjoy a cool, relaxing drink and listen to some good pop, blues, evergreen and jazz. If you have a special request |ust let the band know. Appearing nightly, except Monday* at the u ;i; m
      44 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 mwmmm OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hour* prior to 7.30 p.m. on July 22 at the airport: Maximum Temperature 31.0° C Associated Humidity 63 Minimum Temperature 24.7° C Associated Humidity 92 Hours of Sunshine 10.6 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      263 6 BJtVi&W WDIOI SINGAPORE 5 3.00 PM Opening followed by Disappearing World Sherpas 3.30 Diary of Events (Chinese) 3.35 Eight Heroes of Shou Lin (Mandarin) repeat* 4.25 Intermission 5.55 Opening followed by the World of Sport Nordle Skiing* 6.30 News In Brief* 6.35. Classic Keystone Comedy Capers Capers 6.45 The Living
      263 words
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  • Article
    Lock icon Ford's new customer appeal board pays off
    825 7  -  By REGINALD STUART NYT THE PROBLEM was familiar: engine trouble, US$l,OOO (812,300) worth of it. And the 1977 Ford car had registered 16,575 km. In other words, its warranty had lust expired. [Ford ears in US are made there unlike those marketed here
    NYT  -  825 words
  • Article, Illustration
    Lock icon BOXING CLEVER — the big drive to build abroad
    833 7  - BOXING CLEVER the big drive to build abroad By DONALD WOUTAT AP IF ALL those boxy, little cars are starting to look alike, you are not hallucinating. You might be getting an early glimpse of the World Car. World Car? It is an Industry buzz-word as fuel gets scarce and
    AP  -  833 words
  • Article, Illustration
    STRAWS IN THE WIND
    364 7 YET another hotel night "club" is opening up this time, the "El Marocco" at the Oberol Imperial, endowed with "a beautiful tapestry ceiling, antique rugs and Moorish arches" and music-scaped by Juliana's of London, the same outfit that did the Marco Polo's "The Club." I suppose
    364 words
  • Article
    Is silence golden?
    1066 7  -  (FORUM. HENRY SCOTT-STOKES A COUPLE of weeks back a Japanese Minister criticised the United States In a most unexpected way. Mr. Kllchi Mlyazawa, head of the Economic Planning Agency and the man who, in fact, runs the Japanese economy, accused President Carter of inadequate leadership in advance
    1,066 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      38 7 1 Lunch TODAY OKOH N m S i 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA Orchid Inn, Dunearn Rd Tel *****2
      38 words
    • Advertisement
      Page 7 Advertisements Column 2
      102 7 Enchanted evenings in fine European tradition. Mirabelle hN 01 > >,-// > 41 AH the ingredients for an enchanted evening are here at Mirabelle. Romantic candlelit setting with gentle music from strolling minstrels. Vintage wines to go with superb French cuisine (our chef recommends Rosette of Beef Prince Wellington. Noissette
      102 words
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      Page 7 Advertisements Column 3
      77 7 HOTEL ASIA 37 Scolts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukil Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel ****** HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel. *****4 HOLIDAY INN
      77 words
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      Page 7 Advertisements Column 4
      75 7 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel. *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus. Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Beach Road, Singapore 7 Tel. *****11 MING COURT HOTEL Tanglin Road, Singapore 10 Tel: *****3 HOTEL NEGARA 15
      75 words
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      Page 7 Advertisements Column 5
      79 7 ORCHID JNN 214 Dunearn Road, Singapore II Tel: *****2 ORCHARD HOTEL 2 Orange Grove Road, Singapore 10 Tel: *****1 HOTEL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove
      79 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      29 7 Brlstow: YmxX Dickens Scene "The head office of Messrs Heop and "£btt ujOod Publishers of V\o©, LOorvcs. Hi 111 Hi'" don'T ttu. rn£. LBGOMIC e-yt story DU>C£. Ol ppwrxt
      29 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Prices move to higher ground
      280 8 Toronto SHARE prices closed higher in active trading on Tuesday, with the composite Index up more than 2-1/2 points and advances leading declines 220 to 196. Among companies reporting higher earnings, Leons Furniture rose 7/8 to 14-3/8, Loblaw Cos A five cents to C 54.40.
      280 words
    • Article
      GOLD SHARES END EASIER
      280 8 Johannesburg GOLD SHARES on Tuesday were easier on the stock exchange. reflecting the lower gold price. Initially, shares were lower In line with the close In New York. Mining flnanclals were mixed In small trade. De Beers fell back to 703 (713). Platlnlum shares were mixed
      280 words
    • Article
      Selected indices
      56 8 FINANCIAL TIMES INDUSTRIALS Tuesday 485.4 Monday 102% to 103 K H.K. HANG SENG Monday 483.9 Week Ago 472.4 DOW JONES AVERAGE INDUSTRIALS Tuesday 839.57 SYDNEY INDUSTRIALS Wednesday 433.30 Monday 831 60 Week Ago 427 34 Week Ago 829.00 LONDON DOLLAR PREMIUM Tuesday 99't to 100 ALL ORDINARIES Wednesday
      56 words
    • Article
      Lock icon Market turns firm at noon
      513 8 TOKYO Source: DBS-Daiwa THE MARKET continued bearish In yesterday's morning session centring on export-re-lated issues. But In the afternoon session It turned firm, since Institutional Investors heavily bought public works-re-lated issues and non-margin stocks with a good business outlook. Near the close, export-related Issues further
      Source: DBS-Daiwa  -  513 words
    • Article
      Manila
      167 8 THE MARKET closed lower with all sectors declining slightly ster f? ay M turnover fell to 18.08 million pesos from Tuesday's 25.18 million. Atlas Con B, Benguet Con B. Lepanto B, and Marlnduque B fell slightly while other mining issues were unchanged. In oil issues Oriental B Phil Overseas
      167 words
    • Article
      Sydney
      398 8 COAL STOCKS yesterday gained In a generally firmer market. Coal and Allied added 10 cents to a new high for the year of A 54.70 while Its major shareholder, Howard Smith, gained 10 to $4.35. Utah, which eased In early trading following a resumed strike at the company's Queensland
      398 words
    • Article
      Bangkok
      206 8 THE market closed slightly easier yesterday with the Book Club index falling 0.62 point to 103.88 on turnover of 03 5 million baht. Dealers said Jalaprathan Cement, Slam Cement and fflam City Cement fell four baht each to 287, 470, and 904 respectively. Bangkok Investment and Lee Kwang Ming
      206 words
    • Article
      ISUZU
      84 8 TOKYO: A project to build Isuzu one-tonne trucks In Britain has been postponed for at least one year because of voluntary curbs on vehicle exports to Britain. Isuzu Motors Ltd said the Japanese government sought the postponement on production of the trucks at a Vauxhall Motors Ltd factory, fearing
      84 words
    • Article
      CHICAGO BOARD OPTIONS
      1582 8 July 25 n'o 1^ 0 Board Options exchange volume rose to 119,953 contracts on Tuesday from Monday's 99,907 OPTION JLY OCT JAN STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am
      1,582 words
    • Article
      Profit reports fuel rally
      1017 8 NEW YORK STOCKS were pushed broadly higher on Tuesday In an afternoon rally that was fuelled by the market's ability to absorb bad news and by higher profit reports from steel producers and airlines. Analyst noted that the market. hit by reports of sharp dollar erosion
      1,017 words
    • Article
      Paris stocks hold steady
      459 8 EUROPEAN MARKETS PAR 18 held steady on balance, with a point fall in call money and a widening of the French trade surplus In June, postponing the downward reaction that was widely expected on Tuesday morning. Dealers said banks, motors, electflcals. hotels, oils and rubbers held
      459 words
    • Article
      Paris
      262 8 JULY X Frs COKBULLE Alr-Llqulde 327 -4 B 8 N Oervals Danone 542 -3 C8F (ThomsonC*f) 299.50 +5.5 Cle Francalse de* Petrole* 140 unch Compagnte Financier* Compagnle Generate 382 +#.2 Credit Fonder De France 379.50 +8.5 Hachette (Ubralrte) 230 -2 Machine* Bull 48.80 +0.7 MlcheUn (B> 1330 -25 Pari
      262 words
    • Article
      Amsterdam
      210 8 JULY 25 ru ABN 365 00 +2.5 Ahold 106 00 +0.5 Akio 30.10 *0.3 AMEV 82 90 -0.4 Amfu 105 50 -0 5 Amrot Bank 75.90 unch Bergoss 5100 +1 Berk 02.SO unch Bols 72.00 +0.3 BorsumiJ 157 50 unch Burhm&nn 71.20 +0.2 Byenkorf »4 00 unch Calve Delft
      210 words
    • Article
      Zurich
      176 8 JULY a FVanci Actions Sulsaes AlusulsseBr Alusulsae Reg 266S 1290 517 H +8 +2 Brown Boven Br. Clba Gelgy Br ClbaOelgyPC Clba Oelgy Reg Credit Sulsae Br Credit 8ulaae Reg MkMH Br George Fischer Br Globus Pc 1850 1060 •00 Ml 2100 410 1800 000 410 2075 +5 -10
      176 words
    • Article
      Frankfurt
      209 8 JULY a Dm Aef-Telefunken 80.50 -0 5 Akio 27 70 ♦o.e A1U Leben 885 •5 AJliVen 478 •1 BASF 133.50 >1.8 Bay H T Wbank 292 >2.5 Bay Vbank 328 Bayer 135 ♦0.5 BBC 311.50 +2 BMW 285 5.5 Caaiella 385 ♦7 Chem Verw 285 50 Commercbank 231.80 1.4
      209 words
    • Article
      Milan
      98 8 JULY Lire Anlc 146 +Z3.75 Assoc Gen ***** +450 Baslogi 498 +9.5 Cent rale 3341 11 Flat 1798 -18 Flnalder 182 +6.75 Oen Immob 72 75 +0.25 IFIPrl 2294 19 Italcementi ***** 480 Itaigas 881 1 Italsider 327 +42 Magneti M PI 493 -U Marelll Ere 340 -9 Medlob
      98 words
    • Article
      Brussels
      91 8 JULY It Frs forward market Acec 322 +7 Arbed 2385 -15 Astur 582 -8 Brascan 4«e 3 Bru-Umb 1550 ♦5 Canpac 584 +2 Cock 430 unch De Beers 205 ♦3 Ebe» 2275 10 Electrobel 8610 10 Ob-Inno-Bm 2280 15 Gev 1310 unch Hobok 2335 +35 Petro 3725 -50 Ryl
      91 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      178 8 The World's Supreme Storyteller Roald Dahl is one of the world's most accomplished and successful storytellers. He has enjoyed huge success with both children and adults on both sides of the Atlantic. Switchbitch, Charlie and the Chocolate Factory, Charlie and the Great Glass Elevator, and Danny the Champion of the
      178 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1520 9 BID and offer prices of flclallytlsted and business in and reported to the Stock Exchange of Singapore yesterday with the number or share* traded shown in brackets in lots of 1.000 unit* unless otherwise specified. All Time settlement Contracts are quoted after the word "*ett_" Bit Board deal
      1,520 words
    • Article
      Government bonds
      118 9 top Bpop* D Mark 7% IMS (100.000) (102HB 103S8) Rep 9p«r« 8 1/2% 1181 (100,000) (101*B 1028) R«» Bp*r* 7 2/4% 1887 (100.000) (99*8 100*8) 4 2/4% 18/8/88 250,000) (100.358 100.508) 8% T F 18/4/81 (250,000) (100.558 100.708) 8 V 4% T r IWBI-84 250,000) (102.008) 7% IV4/86
      118 words
    • Article
      Corporate bonds
      204 9 B O T 8 1/2% 1881 (100,000) J99*B 100*8) I O T 7 3/8% 1884 (100,000) (9358 94*8) C lull 8 1/8% 1884 (100,000) (958 05*8) LTCBJ 1982 (100,000) (99 *B 1008) LTCBJ 1888 (100,000) (998 99*8) Cradlt LyooßAis Flo. tin* 1883 (100,000) (99*8 99*8) DBS Convorta 8
      204 words
    • Article
      Stock options
      99 9 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown in brackets. CoM Storage (Sept (1.70) (O.CIB 0.748) C and C (Sept (2.20) (2.C&S) F and N
      99 words
  • Article
    SHARE INFORMATION SERVICE
    2552 9 Gr'i Gr'« Net 1978 Company Last Dhr Div Yna P/E Vol Day nigh Low Sale +oe- C'vr ('000) High Low SECTIONONE INDUSTRIALS 230 132 Acma 212 -3 12.ON 1.3 6.6 23.0 4 216 212 233 123* Al com 232 10.0 2.2 4.2 17.1 172 112 Allied Choc
    2,552 words
  • Article
    In Kuala Lumpur
    1726 9 BID and offer prices officially listed and business In and 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 Ajlnamata (2 MB). Alum (3.508 2 288). A COM (1.668) •aU (2.708).
    1,726 words
  • Article, Illustration
    Share prices end easier
    841 9 ENTHUSIASM cooled on the Stock Exchange of Singapore yesterday and the Strait* Tlmoe Industrial index was again put to ti«a» test. It fell by 0.20 point to 352.86 while the volatile Business Times index which monitors the 10 moot active stocks of the day roes 10.08
    841 words
  • Article
    KLSE falls on profit-taking
    503 9 PRICES succumbed to fairly-heavy profit-taking at the Kuala Lumpur stock market yesterday to close on an easier note. Trading was moderate and selective. There was a sharp but brief run-up of prices during the first half hour of trading, apparently on strong carry-over Interest. The bullishness,
    503 words
  • Article
    Unit trusts
    153 9 SINGAPORE UNIT TBUST INCOME BOND UNIT 0 IMui(m prica* far Jui, 27) (Carnal pr taea) The Commerce 2.12 2.2S INCOME BOND 1.07 a.12 The Saving rund 1 33 1.41 8 'pore Prof Fund I .03 l.M MASA BUMIPUTBA FUND (Mm—II' prion far Mr 20 Pint Bumlputra 3.02 0
    153 words
  • Page 9 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon BP MAY BUY OUT STAKE IN CHEMICALS PLANT
      115 10 Reuter LONDON: British Petroleum Co Ltd's chemicals division Is discussing buying out Imperial Chemical Industries Ltd's one-third stake in their Joint acrylonltrtle plant for about £1 million. The plant, which is on Grangemouth site, has ai£ 80,000 tonnes a year capacity and
      Reuter  -  115 words
    • Article
      Lock icon R. DUTCH REAPPOINTS WITTEVEEN
      85 10 AFP THE HAGUE: Mr. Johannes Witteveen, managing director of the International Monetary Fond for five years, will be reappointed a director of the Royal Dutch group. The Dutch oil group said this would be proposed to the company's general assembly of shareholders next month. Mr. Witteveen,
      AFP  -  85 words
    • Article
      Lock icon Two invest in Hellenic Steel
      67 10 Reuter ATHENS: Consortium De Valeurs Mobilieres Covamo of France and Finsider International SA of Luxembourg will participate in the share capital of Hellenic Steel which operates a steel mill near Salonlca, northern Greece, Minister of Coordination, Mr. Constantlne Mltsotakls, said. Tfie companies will take 20
      Reuter  -  67 words
    • Article
      Lock icon Rising costs hit Lloyds
      268 10 EUROPEAN Reuter LONDON: Lloyds Bank Ltd said Its half-year pre-tax profit fell by 15 per cent compared with the same period of 1977 because of rising costs, movements In Interest rates and margins. The bank earlier reported Interim pre-tax profit for the six months ended June
      Reuter  -  268 words
    • Article
      Lock icon Std. Chartered to strengthen position
      353 10 FT LONDON: The chairman of Standard Chartered Bank, Lord Barber, said the group's strategy is to strengthen its position as a leading international bank. The group is doing so by expansion in present and potential growth areas, extension of existing networks and the acquisition and
      FT  -  353 words
    • Article
      Lock icon Most unions accept Renault offer
      76 10 Reuter PARIS: French trade unions, apart from the com-munist-led CGT Union, have accepted Renault management offers on improved conditions and fringe benefits. A company spokesman said the CGT, whose members occupied and held stoppages at Renault factories in June, is seeking salary rises. It reserved
      Reuter  -  76 words
    • Article
      Lock icon Boots makes good start
      199 10 Reuter LONDON: Boots Co Ltd has made a good start In the current financial year and world sales In the first quarter showed a 20 per cent Increase, over half of which was real growth. Mr. O. I. Hobday, the chairman, said in the year ended
      Reuter  -  199 words
    • Article
      TATE AND LYLE
      34 10 LONDON: Tate and Lyle Ltd said it plans to advance rationalisation of its Liverpool refinery which was originally set for September to reduce annual refining capacity to 300,000 tonnes from 550,000.
      34 words
    • Article
      Lock icon Imperial group buys up 19pc of Eastwood
      184 10 Reuter LONDON: The Imperial Oroup Ltd has acquired 18.7 per cent of JB Eastwood Ltd on the stock market since It announced its offer for the companv on July 18. A spokesman for Morgan Grenfell and Co Ltd, merchant bankers to the offer,
      Reuter  -  184 words
    • Article
      Lock icon Sogemin raises cobalt price
      145 10 APT LONDON: Sogemin, the company distributing Zalrese metals In Britain, has raised its producers' sterling price of cobalt by 37 per cent from £10,850 to £14,900 a tonne (equivalent to USSI2.SO a lb). The Increase comes after a similar move by Sozacom, the main Zalrese marketing
      APT  -  145 words
    • Article
      Lock icon Alcan expects strong earnings to continue
      250 10 Reuter ALCAN Aluminium Ltd announces second quarter earnings per share of U51.90 vs $1.23. Net profit: $76.9 million vs $49.7 million. Sales: $959.9 million vs $785.7 million. First half earnings per share came to $3.38 vs $2.11. Net profit: $136.9 million vs $85.2 million.
      Reuter  -  250 words
    • Article
      Lock icon MCDONNELL DOUGLAS
      34 10 Reuter THE AIR FORCE awarded McDonnell Douglas Corp two contracts totalling US$l6B.l million for F-15 fighter spare parts and support equipment and Nlkle Hercules anti-aircraft missile body sections, the Pentagon said. Reuter.
      Reuter  -  34 words
    • Article
      Sundance reveals major gas find
      202 10 f N. AMERICAN i SUNDANCE OIL Co aald Its well in the Hoadley area of central Alberta Is a major gas condensate find. Sundance said it believes that when fully developed, its share of the field will add at least two billion cubic metres of
      202 words
    • Article
      RALSTON PURINA UP
      56 10 RALSTON Purina Company, a major livestock feeds and cereal producer with headquarter* in St. Louis, posted a profit of US$3B.3 million (3$ cents a share for the second quarter compared with $35.9 million (34 cents a share) in last year's second quarter. Sales rose to 51.03 billion
      56 words
    • Article
      Monsanto profit dips
      319 10 MONSANTO COMPANY, St. Louis, posted a small decline In second quarter profits while Celanese Corporation's profits were slightly ahead of last year's second quarter. Monsanto said Its profit declined to US$76.l million ($2.09 a share) from $81.5 million ($2.21 a share). Sales came to $1.18 billion, up
      319 words
    • Article
      Stauffer Chem. improves
      223 10 STAUFFER Chemical Company of Westport, Connecticut, said Its second quarter profit rose to U5523.2 million, or $1.07 per share from $20.2 million, or 92 cents per share a year ago. Revenues came to $304 million compared with $293.7 million. For the six months, Stauffer reported a $75.8
      223 words
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  • COMPANY NEWS
    • Article, Illustration
      Cold Storage earnings still show no thaw
      1071 11  -  By MANO SABNANI IT would have been pleasant for Cold Storage in Its 75th Anniversary year to have been able to report a year of spectacular progress and to look forward to a rosy future. "But we are living in a world of
      1,071 words
    • Article, Illustration
      International Wood profits slashed
      658 11 AS expected, International Wood Products ended the year on a dismal note, with trading profit plunging by nearly 70 per cent to $1.63 million only. The year's poor performance is due in main to an extremely poor second half. During the Sep-tember-February period, the company incurred
      658 words
    • Article
      DIVIDENDS ANNOUNCED
      289 11 Current Ex Books Date Total for Total for payment Date cloae payable the year previous year Aokam 10%I Jun 20 Jun 30 Jul 27 10% 45% Tongkar Harbour 8%I Jun 20 Jun 30 Jul 27 8% 12'/.% Oriental Hldgs. 9% Jul 7 Jul 19 Jul 29 15% 15%
      289 words
    • Article
      SCRIP ISSUES
      129 11 Company Particulars Ex Date Books Close Pefi Malaysia Bonus Issue of 1 for 5 Jul 28 Aug 10 Great Eastern Life Bonus Issue of 1 for 2 NYA NYA M'sia Feedmills Rlfhtt Issue of 1 for4 <§>91.00 per share MYA NYA Lien Hoe Rights Issue of 1 for
      129 words
    • Article, Illustration
      Kulim delays its report
      459 11  -  •y ARTHUR NG KULIM Malaysia Is delaying its interim report as It has not been able to assess accurately this year's potential earnings yet. It Is traditional for plantation companies to make an estimate of the full year's profits before arriving at the interim earnings which
      459 words
    • Article
      COMPANY MEETINGS
      137 11 Kramat Tin Dredging Bhd: 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 at 16, Jalan Tangsi, Kuala Lumpur, at 11.45 a.m. on July 31. Kampong Lanjut Tin Dredging Bhd: AGM to
      137 words
    • LATEST RESULTS
      • Article
        Selangor Properties Bhd:
        37 11 Unaudited Group pre-tax profits of $2.90 million ($2.75 million) for half year ended April 30, 1978. Unaudited company pretax profits of $2.06 million ($l.BB million). Interim dividend of 8 per cent less Income tax.
        37 words
    • Article
      GEORGE KENT CONFIDENT
      866 11  -  ■r FONG MEW LENG GEORGE Kent (Malaysia) Berhad started off 1978 well with an encouraging level of outstanding orders and some improvement In new order Intake. •Although a few major contracts are still pending, chairman F.B. Rosslter Is confident that the Improving economic climate will enable the
      866 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      146 11 merlin's POLYNESIAN SPEETfIGUbfIR M Buffet Lunch Y JA ala Polynesian at the Grill Room 12 30 2.30 p-«n-Adults: $8-90* Children: $5.00 The Merlin GriU Room ,ak« y«« o» a delightful gastronomic trip to th m Have ol cWlicacwsffom Sam<tfit<» J(\ f„»m Tahiti to the Marianas f] Bring the whole hunch
      146 words
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  • Article
    Call for Asean unity in trade
    661 12 TO STRENGTHEN regional bonds Asean countries should consider collective trade arrangements with Industrialised countries. In this way, Asean members would prevent Industrialised countries from taking advantage of them through bilateral arrangements, said the chairman of the National Chamber of Commerce and Industry and immediate
    661 words
  • Article
    Statutory powers for Bank of England
    192 12 THE British government has disclosed plans for closer Bank of England supervision of banks and other deposit-taking institutions. In a policy document (White Paper) which the government hopes will be the basis of legislation in the next session of Parliament, the Bank of England
    192 words
  • Article
    Lock icon JAKARTA'S 'FLASH POINT'
    92 12 AFP A LEADING Indonesian Member of Parliament said the national economy would be "in Jeopardy" next year when loan repayment and interests due reach 20 per cent of total export revenue. Dr. Sudarji, of the House trade and banking commission. said the debt and interest repayment this
    AFP  -  92 words
  • Article
    Lock icon PEKING BANKERS GO CAPITALIST IN HK
    763 12 FT THE BANK of China and the 12 other Chinese foreign exchange banks In Hongkong have been encouraged by Peking to offer the same services as other financial institutions in the colony. Peking's financiers have, however, quietly carried out most normal banking functions for
    FT  -  763 words
  • Article
    Lock icon Why Tokyo fluctuates
    492 12 Reuter THE RESTRICTED nature of the Tokyo foreign exchange market tends to, encourage fluctuations In the yen-dollar exchange rate, said Mr. Chris Schenk, foreign exchange dealer at the Tokyo branch of the Union Bank of Switzerland. He told a press briefing at the Foreign Correspondents Club of
    Reuter  -  492 words
  • Article
    BREACHING THE 6,000 LEVEL BY YEAR-END
    602 12 SECURITIES analysts are generally confident the Tokyo stock market average will approach or exceed ,6,000 by the end of the year, or next spring at the latest, up from the high of 5,649.87 touched on July 20. Some note, however, that the anticipated rise
    602 words
  • Article
    Lower output in June
    157 12 JAPAN'S June Industrial production index fell by 0.7 per cent to a preliminary 121.5 (base 1975), seasonally adjusted after a revised 0.3 per cent rise In May. The year-on-year gain In the June index was 5 per cent over 115.7 last June, compared with a revised
    157 words
  • Article, Illustration
    Telecoms to maintain navigation aids at Changi
    316 12 TELECOMS will bo responsible for the maintenance of all telecommunication and navigational instruments at the new Changi Airport. It is also responsible far the planning, supervision and awarding of contracts far all such equipment, said Mr. Ng Chee Mes|, acting general manager of
    316 words
  • Article
    Lock icon Three criteria that Bonn must meet
    448 12 Reuter THE German Cabinet, meeting from Wednesday to Friday to work out an economic stimulus programme of up to 13 billion marks (8114 billion), will have to choose options which provide the maximum chances for higher growth, satisfy all parliamentary groupings, and avoid the
    Reuter  -  448 words
  • Article
    LONDON STOCKS
    184 12 OWING to a technical fault at Reuter, Wednesday's London stock prices were unavailable. The following are the delayed Eastern, Tin and Rubber prices for Tuesday. EASTERNS Boustead Cosmopol Harcros Haw Par Hongkong Bank Hongkong Land Hutchtaon Inchcape Jardlne Ocean Transport SI me Darby Sun Alliance Swire Pacific Tootal
    184 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      60 12 This announcement appears as a matter of record only. July 1978. I JOHORE STATE ECONOMIC DEVELOPMENT CORPORATION M 519,000,000 SEVEN YEAR TERM LOAN GUARANTEED BY THE GOVERNMENT OF MALAYSIA Managed by 1 Proyldadby MALAYAN BANKING BERHAD BANK SIMPANAN NASIONAL GUARDIAN ROYAL EXCHANGE ASSURANCE (MALAYSIA) SDN. BHD. THE PRUDENTIAL ASSURANCE CO.
      60 words
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    SHIPPING TIMES
    4201 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World TM following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates t>f arrival and departure, from Singapore port. t CMMrttaM SeanDatch Km a Jstet service
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      313 13 MAERSK LINE Offers Regular monthly Express Conventional Sailing To ARABIAN-IRANIAN GULF f or further details < jll Singapore *****46 Kuala Lumpur ***** Port Helang *****0 Penan* *****1 SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION) FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCE PTIM6 CAASO FOR: GENOA. lATTAKIA, BEIRUT.
      313 words
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      Page 13 Advertisements Column 2
      269 13 LIAN SOON SHIPPING TRADING CO (PTE) LTD ;iOi 4 ;09 SM f N TON HOUSf SHIMON S PODt 'it .vooi:: >s ii««is• .von.'o .70 iw ACONAS UNE N.V SI MAI MAS N.V "SINM SUBIA MV "SIMM SMTI' DIRECT REGULAR MONTHLY EXPRESS SERVICES FOR VEST/EAST MALAYSIA. n* pot kelam loading for:
      269 words
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      Page 13 Advertisements Column 3
      240 13 STRAITS TRANSPORTATION PTE. LTD. COMPANIA NAVIERA MARASIA, S.A. LAURO/VICEROY/GLOBAL JOINT SERVICE KSULAt INMKNMIIT MONTHLY MKCT tfIMCI TO APAPA. LAGOS SINGAPORE TEL: *****22/S, *****37, *****34, *****35. K. LUMPUR *****3, 4297 M P. KELANG *****1, 3M053 PENANG 213M/7 LU'S BROTHER CO. S.A. REGULAR LINERS AND SEMI-CONTAINERS SERVICES FROM SINGAPORE TO PERSIAN GULF
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      Page 13 Advertisements Column 4
      172 13 NOTICES m.v. "CHIDAMBARAM" VOY: 99 arrived 22nd July, 1978. •t P.S.A. God own No*. 42/ U. General Survey of damaged cargo ex the above vessel will be held on Monday 31st July, 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agents:R.
      172 words
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      Page 13 Advertisements Column 5
      0 13 :&!+".@*,?`-|'>>/["?^;][-=\^}:&
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      740 14 SHIPPING Crt 7 E**nfc 7/8 9/8 31/8 2/9 3/9 6/9 TtaMHKi 14/8 15/8 2/9 4/9 5/9 8/9 Ouki In 19/8 21/8 10/9 12/9 13/9 (17/9) Imw 25/8 27/8 16/9 18/9 19/9 22/9 tiprtu 1/9 18/9 20/9 21/9 23/9 rim> 4/8 5/8 »IS >{?„>{?„'lff* *&■> SH 2 r 4°"»o!(W.S! FULLY CONTAINERISED
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      Page 14 Advertisements Column 2
      745 14 fa SANKYO LINE AUSTRALIA SERVICE t.Mm LM<ta|»w. YUEMAN 30/31 July 1/2 Aug OWN, BRIS, SYD, MEL MAY SKY 30/31 Jul* 1/2 Aug FREM MAYCARP 12/14 A« 10/11 Aw Mis. SYO. MCI BANGLADESH SERVICE MAY CARP 21/29 Ml IN PORT CHITTAGON6, CHALH GENERAL AGENTS OCEAN SHIWNG t ENTERMIXSf'UaD SINGAPORE TEL *****44/7
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      Page 14 Advertisements Column 3
      549 14 SEA mLAND W U.S.*./ ASIA SERVICE o*l ntFMEMTEO CMTAMKI SEWICE SAIIIK EVWY WEDNESMT FOt POBTS M USA. CM AO* CARIBBEAN. tAPAN. (OKA. TAMAM. NOW ROM. TNAIUM AM PMUIfftNES mxi/ 0U£l ~uc "IST WORLD UOHVS Jwty 31/Au( 1 July 29 WORLD TIGER V 6 li/n *m§ WORLD LION V 6 17/11
      549 words
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      Page 14 Advertisements Column 4
      959 14 Everett Lines lam Fm Star Shippiaf C«rpn. "BURMESE NATIONAL LINE" LOADING K>R RANGOON htoweywA —1/3 Au B.F.S.S.C Agents m Malaysia TEPS MALAYSIA Port Kelang Tel (38) 7355 Penai* Tel *****/ ***** /«!M v, Compmii ArgantHU Da *H W Hhwuciw IntarcoNtinantal S. A. C.I. F. "ARGENTINE NATIONAL LINE' LOADING ft* DURBAN
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      Page 14 Advertisements Column 5
      571 14 I A K I )l I I \U SAIUA/q 1u& Orient Overseas CatiiojMeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CHtmit* ma m HKOMCONTMWI U* MCtCitTM m OtieKTU. cmf m J. SUi MHKt 17* OMENTAL KSUKHtI I Ncrum COMI CHEVALIER PAUL 12W LtHt*rt Hkwi Mwf lt/l Ml 22* 24/1
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1140 15 QCL Overseas Containers Limited FX I soma T| K/CMIIKIT: lIUUU cm or EiinHu H'burg Spare P. biiti| O'Mik (rem. rjum It Ston Awrp Mailt U.K. t0M)0lal10 lac2ltag22tag(lltag)lTtag i tag in n > sift iteft i ii»t min It h| II 2 Sift 4 Sift SStft I Sift I Sift 11
      1,140 words
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      Page 15 Advertisements Column 2
      884 15 Ben Ocean Amtae*na*a(BtaliXizHm»RmmeiGkE*ljneanciNSMC) fmm uk enrrmcrr era tmo mmmbm Sails turooe tannic P Kelaag Singapoie FMi RENCRUACHAN Sailed 17/18 Indonesia HK. Japan. Singapore t straits shipping nc. ii». omti KUALA LUMPUR KN UNI STEAMERS 2M78/*****. POUT KELANG KM UM STEAMERS 8021. penans i p»» shipping am. AMERICAN PRESIDENT LINES t
      884 words
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      Page 15 Advertisements Column 3
      724 15 BEN LINE ncmCONTAINERS mwri nu urn sotm Tf EfMPI. UPH« P. Urmtmfftmtm Fraaca Ail U L J Scaafiwia Antxtp kiuki II 1« ii a a*<ji~a«> iTa* em tr eoiniursn t Aa« »>« m TUNIS Kill "J* 4 Saft W »U»I Kill UT 1» >1 tal II Saft 12 Saft 11
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      Page 15 Advertisements Column 4
      908 15 Scan Dutch V WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA ftton >'<m P. UMI «nul t'm L Mseilles 8 Mw 9 Mart 4 i FRANCE SCA HI 1 UUUMIt 1/1 H< I It' I XX! I Feedir mub aceepting uv far iMpM UND FROM MED/UK/ .VIA < r>? «i: 111:13 J i :1»i
      908 words
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      Page 15 Advertisements Column 5
      528 15 P Mla-q S'poie l/l>4 P. Kelaq 11/lf ta| S'pon IJ/H Aq LYKES ORIENT LINE i SINGAPORE *****4 PT KELANG ***** 1 KIJALA LUMPUR ***** 1 PE NANG *****1 KMLU INOEPENOENT SEBVICE FESCO LINES FESCO STRAITS PACIFIC LINE FW PACIFIC HUTU AW NORTHWEST S pore P. Klang Penang Tmen, Silwi HM
      528 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      790 16 K LINE KAWASAKI KISEN KAISHA. I.TP WBffTPfirWßl (VIA S»EZ) h Caataiaer Vends S'gore P. Kelang I.Havre H'burg Bremen R*dam A'arero chevalier Ron iw n Part n 11 jn 11 Jn »Jn2g J} J* H KOM CONTAINERIIW Si* I Aa| »J*" »**3' MEICAIOR TO 11 All 12 to* 31 Aag 2
      790 words
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      Page 16 Advertisements Column 2
      1042 16 E.C.-U.S. A./ATLANTIC/SOU SERVICE icttninc ia/ia aims ran s mt. r. auat kwk Laadrn tar: NORFOLK NEW TNI. NAITIMMf. M« lIUUI. WVSTM Si>pt«> P. Keiaag lalawaa N—t "A mSEL' A E.C./GREAT LAKES SERVICE iaa*n tar: mvtu. new rm. mmwu. tnmti. humu. •man. cmcaci ►mkii Idim P. Kelang Singapore "II WEST OENCAL
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      Page 16 Advertisements Column 3
      1155 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: n imm on* ho* S pore P. felj*f S hamptoo H tr| Bren. Rdm CHEVALIER (VI hhrt SM, lll« I!ta| Xh| NQMKMfi CMITAIMIt 5An li H 73 An 27 An 9*4 21 Aa| MERCATOR 11 An 12 Uf aAn J Sapt 3 Sapt
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      Page 16 Advertisements Column 4
      677 16 mnmnmz MALAYSIA* m/rrmiAnoNAi SMVHNG ccfvo*A7K»ram*iAC EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA »l»t Venel I to>l I) Mttiixs 71 S Ww'l MW|. L Mtaiaki. m t'pn. EXPRESS CONVENTIONAL SERVICE TO UINCONTINENT T| Mam p. M'mc Peuac LMftjflc tar: lUNCA RATA 2/ S Aaf »>4 11/11 Aat Blonj 21ft. Cardrfl/Lpool 2/1. Bmer
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      Page 16 Advertisements Column 5
      844 16 INTRASEA (PTE) LTD KCIIM IMEPENBENT SEMI/Fill CONTAINER SEIVICE Tl [INK S pore P Ktitnf LMil| fee: 'UMISI (CMrtr sfcf) 1 Ut (MWH Mil ta Part SailM ATLANTIC UUTIIU W»M lAM )A 4 i Aaf MUSI A ftHS M Aaf 11 Am "Accntiaf TAnegt 111 Mr um M tost ntiaas AgaatS:
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