The Business Times, 28 July 1978

Microfilm: NL9760
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, JULY 28, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Takeover battle
      127 1 AFP HONGKONG, Thurs. A behind-the-scenes takeover battle going on in Manila for the past 18 months for the control of a little-known hont nas embroiled Just about every well-known figure in the country including President Marcos, the Arch bishop of Manila Cardinal Jaime Sin, an /i en i
      AFP  -  127 words
    • Article
      Ushiba in KL
      76 1 KUALA LUMPUR, Thurs. Japan's External Economic Affairs Minister NoDuhiko Ushiba arrived here from Singapore this afternoon to brief Malaysian leaders on the recent seven-na-tion Bonn summit. Mr. Ushiba, Japan's chief negotiator on international economic matters, will meet Prime Minister Datuk Hussein Onn tomorrow. He is currently touring
      76 words
    • Article
      Lock icon Lisbon crisis
      75 1 UPI LISBON, Thurs. An opposition party leader said today President Antonio Ramalho Eanes plans to fire Socialist leader Mario Soares as Prime Minister and name a new caretaker government to rule Portugal pending early general elections. After an hour-long meeting with the President, the leader of Portugal's second
      UPI  -  75 words
    • Article
      Lock icon Solar energy research
      74 1 AP BRUSSELS, Thurs. The EEC Commission announced today it is seeking about US$l56 million (SS3SB million) to finance four years of expanded research on increasing the use of solar energy and other ways of reducing dependence on oil. The Commission also announced a proposal for cooperation with
      AP  -  74 words
    • Article
      Timber tussle
      36 1 KUALA LUMPUR, Thurs. Sawn and kilndried timber from the Philippines is posing a threat to Malavsian timber in the Australian market, an official of the Sydney Timber Merchants Association, Mr. Arthur Clegg. said today.
      36 words
    • Article
      Lock icon Free money
      82 1 AFP. VIENNA, Thurs. The sharing of another US$4OO million (about Ss92o million) from the oil countries' "special fund" for the Third World was under discussion here today by Opec experts. The $1,600-mllllon fund set up two years ago Is for development projects or payment deficit correction. There Is
      AFP.  -  82 words
    • Article
      Lock icon Dow Jones
      104 1 UPI. NEW YORK, Thurs. Prices headed higher today in heavy trading. The Dow Jones Industrial average, a 7.97 winner yesterday, was ahead 1.21 to 848.40. (The blue chip indicator has gained 15.59 points In the past two sessions). Advances led declines, 608 to 353, among the 1,440 issues
      UPI.  -  104 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      126 1 Rises Most active D Keramat 070 +20 Haw Pur 563,000 UOB 334 14 UOB 266,000 208,000 PMRI 320 12 Sitae Darby B Raya 24S +12 B Raya 181,000 Ayer Hi tain Tin 1050 10 Faber Merlin 110.000 M Lanjut TanChooc Petalin* Taaek Cement OUT 240 281 656
      126 words
    • Article, Illustration
      In Kuala Lumpur
      178 1 Rises Most active A Hitam (R) D Keramat PMRI CO Bank Berjuntai B Ray a 2.50 10.10 3.24 3.42 8.90 2 49 .26 .15 .14 +.14 +.10 .09 .07 Haw Par 534,000 B Raya 431,000 S. Darby 325,000 KaliaiMaia 284,000 Total Turnover: 4.22 m Kemayan 2.26 Total
      178 words
  • Article
    Merchant banks are riding high
    969 1  -  STOCK MARKET CATALYST »y SOH TIANG KING MERCHANT bankers in Singapore are now bullish over this year's business prospects after their sluggish performance in 1977. Their optimism Is fuelled by the stock market boom, rising loan demand in Asia and new issues of fixed-rate CDs
    969 words
  • Article
    LNG DELAY
    159 1 THE Indonesian Government will delay start-up of the big liquefied natural gas plant In Arun, north Sumatra because of technical difficulties. A Cabinet spokesman said the inauguration by President Suharto, scheduled to take place next month, has been postponed until September. The state oil company Pertamlna, which runs
    159 words
  • Article
    Deutsche picks Singapore as booking centre
    680 1  -  QUEK PECK LIM t DEUTSCHE Bank Is to i make Singapore the booking centre for its syn- dlcated loan business In South-east Asia following Its decision to open a wholly-owned merchant banking office In the Republic. Mr Wolfgang Matthey, managing director of Deutsche's wholly-owned
    680 words
  • Article
    Intensive refinery overhaul exercise to cost SPC $3m
    234 1 SINGAPORE Petroleum Company is undertaking a turnaround exercise on its existing 70,000-barrel a day refinery on Pulau Merlimau from Aug. 1. Sources said yesterday that the 15-to 16-day overhaul will be the most intensive so far, both in terms of costs and
    234 words
  • Article
    Lock icon Growth rate for the West likely to be 3.5pc
    426 1 AFP. WESTERN nations' growth rate this year will probably be around 3.5 per cent and certainly 3 to 3.5 per cent In the first half of next year. The Organisation for Economic Cooperation and Development (OECD) said in its half-yearly Outlook
    AFP.  -  426 words
  • Article
    Air talks outcome
    124 1 THE FIFTH round of air talks between Malaysia and Singapore which started on Monday had been extended for the second time yesterday. The meeting is now scheduled to end today. But officials are not expecting any major development. Sources close to the meeting said today's sitting would
    124 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      36 1 ODESSA OCEAN LINE for past efficient shipping Coll the agent: Singapore Soviet Shipping Co Pte Ltd sth Floor, For Eastern Bonk Building 156 Cecil St., Singapore I Cables "SOS,IACLINE" Telex RS ***** Tel: *****33 (7 lines)
      36 words
    • Advertisement
      Page 1 Advertisements Column 2
      128 1 Your link to world markets When the world in your markel you'll need .1 bank with international capability and service to handle yout dealings efficiently and »vith a minimum of tuss. Whatever your requirements and wherever your business take you, we've got the right connections for vou. Whether you need
      128 words
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      Page 1 Advertisements Column 3
      53 1 SHIPPING TIMES t p^T?* e POß wW l tm roßTrf Ldnidaiiirfa SM ta Properties: hK^ i, o ss£" 11 Making London the Gaaara] ll interna tiooajbubofcommodity SEC prabaa Citibank's lrmmn onntu dMlinfi 12 MEMOPAD 2, CROSSWORDS 2, AIRCRAFT SCHEDULE 5, TV A RADIO C, BRISTOW 7, STRAWS IN THE WIND
      53 words
    • Advertisement
      Page 1 Advertisements Column 4
      288 1 SINGAPORE BUSINESS I fH' t" .sir w *ss Wayfoong MAF. We make your money work lor you "I've saved some money- now what" Jeanne Ho, Public Relations Officer "What say we talk security?" Wayfoong MAF People work hard for their money, but most neglect to make their money work hard
      288 words
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  • TRADE AND INDUSTRY
    • Article
      JVC factory to start up in September
      396 2 THE FAVOURABLE Investment climate In Singapore encouraged by the Government's foreign investment policies has attracted yet another Japanese electronics firm to set up a plant here. Victor Company of Japan (JVC) finds the Investment climate here especially bright In the electronic field. JVC
      396 words
    • Article
      New way to value rubber estates
      420 2 A VALUATION study on a typical 970 ha Malaysian rubber estate shows a net margin of earnings over costs, Inclusive of duty, of M 39.96 cents per pound (0.45 kilo), or 29 per cent higher than the corresponding 1970 figure. The Kumputan Guthrie Sdn
      420 words
    • Article
      Link-up date for Telecoms' Telepac service
      278 2 TELECOMS will begin it* remote computer access service, Telepac, between Singapore and .the US in September. The link-up will allow subscribers to the service to use the data bases and remote computing services located In The computing centres offer remote time sharing, batch processing
      278 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      440 2 Mr J.D.F. Dram, group secretary of Slme Darby Holdings Ltd, has transferred his office from Singapore to Kuala Lumpur. He will remain In his position until early 1979. Mr. F.C. Whiting will Join Slme Darby Holdings from Sept. 1, as group secretarydesignate and will be appointed group
      440 words
    • Article, Illustration
      All keyed up for the launching
      117 2 BEHN Meyer and C». (Pie) Ltd, sole agent! for Olympia product* in Singapore and Malaysia, wililaunch the Olympia SGE-77 ■ingleelement electric typewriter this month. To ensure enough trained technicians before the launch, Olympia International of West Germany recently conducted an intensive two-week training course
      117 words
    • Article
      Show draws record regional visitors
      285 2 BINOAPORE is drawing record regional attendance to specialised trade shows of U8 equipment, according to the director of the U8 International Marketing Centre, Mr Tom Moore. Commenting on the current exhibition of security and safety equipment at the centre, he said that on Tuesday, the
      285 words
    • Article
      MEMO PAD
      504 2 COURSES AND TALKS May 8-Aug IT: Aust Insurance institute Assoclateshlp Course, BITC, SITC June 5-July 29: Life Agents Certificate Course, SITC, SITC Aug 7-8: Costing L financial analysis for marketing managers; Hilton, Price Waterhouse Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-14: Design of experiments,
      504 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      248 2 SEEPAGES ■I T S'.-V--,*****)*****111 *m *i S3 Jakarta. Right where you want it. The best of the city, right in your reach. Commerce, airlines and embassies just a few steps outside. Hospitalily in the finest Indonesian tradition inside. Wining, dining and dancing to liven your spirit. Swimming and shopping and
      248 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      595 2 CRYPTIC PUZZLE ACBOBB 1 As a cricketer, he'a not ao dusty (t) 7 Extra work because of father S Outcome of an eruption (4) 10 Wounded and possibly fined at the King's Head (8) 11 The trouble with a preserve 14 Joined In backing systematically (3) 10 Victor's victim (9)
      595 words
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  • OVERSEAS
    • Article
      Lock icon Bank of Canada triggers wave of rate increases
      264 3 Reuter. THE BANK of Canada had from Wednesday raised bank rate half a point to 9 per cent on loans to chartered banks. The rate had stood at 8V» per cent since April 4, and the Increase to 9 per cent is
      Reuter.  -  264 words
    • Article
      Lock icon TUC to wage war against Callaghan
      215 3 Reuter BRITISH trade union leaders on Wednesday came out in opposition to the government's tough, new wages policy. Less than 24 hours after Parliament had approved the antl-lnflatlon proposals, the General Council of the Trades Union Congress (TUC) voted almost unanimously not to accept
      Reuter  -  215 words
    • Article
      Business is good
      37 3 RESPONDENTS to an Australian business survey have reported substantial Improvement In both trading and profit in the second quarter of this year. The percentage of firms reporting higher labour and purchase costs fell slightly.
      37 words
    • Article
      Lock icon US domestic oil prices raised
      988 3 BOOST FOR HOME PRODUCTION AP Washington Star AP IN A MOVE apparently designed to woo Congressional support for President Carter's national energy programme, the Department of Energy (DOE) on Wednesday took steps to boost some domestic oil prices to encourage increased production in America. In
      AP; Washington Star AP  -  988 words
    • Article, Illustration
      Parmer is hooked on redfin
      561 3 AN AUSTRALIAN fish farm owner has decided not to leave the production of English perch to nature but to farm the fish himself. English perch (perca fluviatilis), known in Australia as redfin, is a popular Australian game and eating fish but its supplies are erratic
      561 words
    • WORLD IN BRIEF
      • Article
        Lock icon SAUDI OIL EXPORTS DIP
        523 3 Agencies. SAUDI Arabia's exports of crude oil last month dropped nearly two million barrels a day from the same period last year. Oil Deputy Minister Abdul Aziz Al-Turkl said dally average exports In June reached 6.94 million barrels compared with 8.86 million barrels last June. AN
        Agencies.  -  523 words
    • Article
      Lock icon It's vital that inflation slows down in summer
      661 3 Reuter. A SUMMER slowdown In the rate of Inflation is critical to continued expansion of the US economy, according to Chemical Bank's latest US Economic Outlook publication. If prices In the near term do not indicate the slower increases expected, then a
      Reuter.  -  661 words
    • Article
      Lock icon Brain drain is really a gain
      327 3 AP. BRAIN drain may not be as bad a problem as developing countries believe It to be, according to a new study by the United Nations and Columbia University. Migration of the Third World's most able citizens can be a gain rather than a
      AP.  -  327 words
    • Article
      Lock icon LOWER INFLATION IN AUSTRALIA
      142 3 Reuter. AUSTRALIA'S annual Inflation rate fell from 13.4 per cent last year to 7.9 per cent In the 12 months ending June. This underlines Canberra's continued success in combatting inflation, said Australian Prime Minister Malcolm Fraser yesterday. Mr Fraser was commenting on figures released by the
      Reuter.  -  142 words
    • Article
      Lock icon Wheat deals laid bare
      518 3 UPI. NYT. THE US House of Representatives voted overwhelmingly to publicise export deals such as the Russian wheat sales. It also approved a bill extending for three years the life of the Commodity Futures Trading Commission. The Senate passed a different version of the commodities bill
      UPI.; NYT.  -  518 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      382 3 I r\?.-ESW3F?ET CPQ Ml II Hi J1 TEL- 271:8744 INTRODUCES THE Glastrari AND EVmRUDE Glastrons and Evinrudes are backed exclusively by SPOTRADIO'S over 50 years experience in after sales service PERFECT MATCH PACKAGE *\S, Silifia V-162 FUTURA-is America's favourite 16 foot deep-vee runabout. And all those boat owners must know
      382 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      332 4 OPENING prices yesterday were marked up slightly on higher London advices and the market later fluctuated narrowly until after midday when selling Interest emerged to lower levels slightly. Turnover was small. The morning session closed slightly lower with August One RSS buyers quoted at 232.50 cents
      332 words
    • Article
      RAS PRICES
      335 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Int. 1 R.S.S prompt f.o.b. Buyers Sellers Buyers Sellers 233.00 234.00N 232.00 233.OON Int. 1 R S.S August 233.00 233.50 232.00 232.50 Int. 1 R S.S September 232.75 233 25 232.00 232.25 Int. 2R.S.S. 223.00 224.00N
      335 words
    • Article
      SSR AND SMR
      97 4 NOON SSR and SMR prices yesterday JUS Auguat Sep (amber (Current Mth) (Fern ardMtfc) Buyer* Seller* Buyer* Seller* I cent* P«rk*) (ont P«k*) SSR 20 (1-ton pallet) 212.00 214.00N 213.00 215.00N SSR 50 (1-ton pallet) 210.00 212.00N 211.00 213.00N MRELB SMR5CV (1-ton pallet) 240.50 242.SON 240.50 242.50N
      97 words
    • Article
      Closing prices
      31 4 Robber: July 27 Singapore: August 232.00 cenU (down 1.26 cent) Malaysia: August 237.00 cents (down 1.25 cents) Tin: Mf 1,698 (up S2) Official offering: 241 tonnes (down 10 tonnes)
      31 words
    • Article
      Duty rates
      88 4 THE Malaysian Minister of Finance has fixed these rates for the period from yesterday until further notice: Rubber: 234 cents a kilo. Clin: MJ975 55 a tonne Pan Kernel: $955.75 a tonne White pepper: $5,214.54 a tonne Black pepper: $3,319.33 a tonne The rates of duties payable are:
      88 words
    • Article
      Rice
      92 4 BANGKOK rice prices were quoted as follows yesterday. (In US dollars per tonne F. 0.8. basic Bangkok) White Rice: 100 pet Ist class 407, 100 pet 2nd class 392, 100 pet 3rd class 387, 5 pet 382, 10 pet 357, 15 pet 352, 20 pet 347, 25 pet 332,
      92 words
    • Article
      Produce exchange
      363 4 MIXED sentiment prevailed on the Singapore produce market yesterday. Trading in copra, coconut oil and pepper remained lifeless as traders in these commodities awaited firmer trends In the performance of the US dollar. Pepper prices eased all round. According to notional quotes given by the Singapore Chinese Produce
      363 words
    • Article
      Coffee
      217 4 ROBUSTA futures In London yesterday extended Wednesday's late rally on a mixture of early trade and commission house buying before dealer selling Into the rise pared the advance. Dealers said values at the end of an extended opening call were mostly £49 to £5 per tonne up from Wednesday
      217 words
    • Article
      Palm oil
      84 4 C.I.F. North European ports. In U8 dollars per tonne unless otherwise mated LONDON: Malaysian 5H ffa bulk per tonne September Sumatra 5* ffa bulk July August September October November January Wiiassiay 546 sir unch 900/5M 1/2 pd 565/550 pd unch unch unch Pmlews 578 sir #55 sir 627
      84 words
    • Article
      Straits tin
      152 4 THE STRATTB tin price In Penang yesterday gained M*2 to $1,098 per picul.stUl $2 below the international Tin agreement celling. Despite Wednesday's strong London closing, the market's small gain reflected the weakness of sterling against the Malaysian dollar, dealers said. Turnover, dropped slightly to 241 tonnes from 251
      152 words
    • Article
      Hongkong Comex
      167 4 THE sugar market yesterday closed about 0.20 US cents higher In quiet trading, with nine lots traded against 16 on Tuesday, dealers said. The market was closed on Wednesday due to a tropical storm. The Hongkong dally spot sugar price was steady at 6.05 US cents. Sugar future*
      167 words
    • Article
      Cocoa
      141 4 TERMINAL cocoa In London yesterday finished a short first call of five lots at an average advance against New York of £9 per tonne. Traders said physicals were similarly quiet with Industry inquiry lacking due to holidays. Origins remained reserved with Nigeria currently reported to be out of the
      141 words
    • Article
      Sugar
      131 4 THE London dally raw sugar price yesterday rose £3 to £84, while the whites price rose £2 to £96.50. On Wednesday, sugar futures closed £195 to £0.75 per tonne higher in a turnover of 2,495 lots. In NEW YORK on Wednesday, world sugar futures scored gains for the second
      131 words
    • Article
      Soybean
      84 4 CHICAOO soybean futures closed at or near the day's highs, gaining 7-1/2 to 3-1/2 US cents a bushel on Wednesday. Traders said commission house buying boosted prices late In the session while commercial demand lent support to new crop Months. Soybean oil futures closed 0.30 to 0.52 cent a
      84 words
    • Article
      Wheat
      52 4 WHEAT futures closed 31/2 to 1-3/4 U8 cents a bushel higher, slightly below the day's highs, in Chicago on Wednesday. Prospects for increased US wheat exports over the short term and rumours that Iran may have purchased as much as 400,000 tonnes of U8 white wheat encouraged speculative support,
      52 words
    • Article
      Copper
      393 4 COPPER wlrebars In London yesterday, finished the morning up £11 all round. The market advanced steadily throughout the morning on fairly aggressive fresh buying and chartist operations together with covering against additional Japanese physical demand, dealers said. The easiness in sterling against the US dollar also aided the movement
      393 words
    • Article
      Silver
      122 4 THE Hongkong silver futures market remained closed yesterday. On Wednesday, silver on the LME gained 0.2 pence all round. Prices fluctuated during the afternoon reflecting movements in US futures and sterling against the dollar. Three Months traded up to 294.5 pence but slipped back to 293.8 under profittaking before
      122 words
    • Article
      Gold
      346 4 THE KILOBAR in Singapore yesterday opened at 8514,335 and closed at $14,354. The tone was quiet as the Hongkong market was closed. Spot gold for London delivery opened at U*****.00/40 and closed at U*****.80/20. The London morning gold fix was U*****.70, up 40 cents on the previous fix. Sowroe:
      346 words
    • Article
      Lead
      84 4 LEAD finished the morning down £0.25 for cash and £1 for Three Months in London yesterday. Prices worked higher reflecting copper with fresh buying and covering taking Three Months up to £323 per tonne although chart selling resistance and profit-taking reversed the trend back to £319.5 on the kerb.
      84 words
    • Article
      Zinc
      83 4 ZINC on the morning was down £0.75 for cash and £0.25 for Three Months In London yesterday. This metal followed the general trend with early shortcoverlng and some fresh buying lifting Three Months to £323.5 In the ring but profit-taking pared the position to £319 by the end of
      83 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        519 4 THE US dollar fluctuated against the world's major currencies on foreign exchange markets yesterday. Opening at a low of 192.00/20 against the yen in Singapore, the dollar firmed to 193.00/20 after the Bank of Japan Intervened In the Tokyo market. But It went down to 192.00/70 during lunch
        519 words
      • Article
        Asian $ & CD rates
        176 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on July 27: ■ir-jr 7 days 1 mth 2 mths 3 mths 0 mths 9 mths 12 mths •1/S 81/4 ...•5/8 8 5/8 ...91/8 ..9 3/18 .9 1/4 91/S 1/2 1/2 91/19 9 l/t 8». Fit. Dm. 1 mth
        176 words
      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet custooners is 7 per cent.
        21 words
      • Article
        Euro $ rates
        158 4 Euro rates FIXED dated Eurodollar deposit rates in London yesterday showed an easier trend in light early trading after being adjusted lower at the outset for the loss of the Friday dealing technicality. Dealers attributed the softness to a spate of delayed offering activity, and said that tney expect rates
        158 words
      • Article
        London
        321 4 THE dollar yesterday traded little changed against most major European currencies but weakened against the yen in moderate early trading, dealers said. The US unit Is partly buoyed by continuing assessment of Wednesday's news of a narrowing in the US June trade deficit to US$l.6 billion from May's $2.24
        321 words
      • Article
        New York
        292 4 THE dollar closed firmer In sporadically active trading on Wednesday, bolstered by a smaller than expected US trade deficit for June. Dealers said that, prior to the trade figures, the US currency began to recover slightly from its weaker opening but news of a US$l.6 billion deficit, significantly
        292 words
      • Article
        Tokyo
        291 4 THE dollar for overnight delivery, yesterday closed at 193.50 yen, down from a 193.70 opening and 195.10 at Wednesday's close after falling briefly to a post-war low 192 .10 in mid-morning after strong central bank intervention. The dollar fluctuated nervously In active late trading between 192.50 and 194.00 yen,
        291 words
      • Article
        Frankfurt
        92 4 THE dollar yesterday traded steady at higher levels around 2.0560/70 marks compared with Wednesday's late 2.0520/30 In a cautious market ahead of the German June trade figures expected later in the day, dealers said. Turnover was relatively small and the Bundesbank was not reported to be seen in the
        92 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      132 4 To be more precise a better change. With the Mazda 323 three speed automatic transmission you won't miss the change. Designed to give high flexibility the Mazda 323 three speed automatic gives smooth and powerful performance in any kind of traffic or highway situation. The Mazda 323 three speed automatic
      132 words
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  • TRANSPORT
    • Article, Illustration
      OLD SALT CALLS IT A DAY
      290 5 THE OLDEST operating •hip in the containership fleet of See-Land Service, Inc., Hongkong, was retired this month after more than 20 year* of continuous service in international trade. The Gateway City, claimed to be the world's first fully containerised vessel, was instrumental in establishing
      290 words
    • Article
      Order to cut off aid to private group
      263 5 US SECRETARY of Commerce Juanita Kreps has ordered the department's maritime administration (Marad) to stop supporting a private industry trade association whose members receive more than US$6OO million (SSI.4 billion) In Federal subsidies each year. The action came after the links between
      263 words
    • Article
      Foundering Port of London turns to China
      955 5 THE PORT of London Authority, fighting to stave off bankruptcy, is turning to China for help, according to Lloyds List. The move has been timed to coincide with the Introduction of China's first full container facilities, expected early next year. Managing director John
      955 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      720 5 ARRIVALS Service Local Operator Number Time From CAL CI331 0040 TPE/HKO/KUL PAA PA005 0115 SFO/HKO MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH807 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN
      720 words
    • Article
      Lock icon LONDON FREIGHT
      179 5 UPI. NORTH America grain movements to the Far East featured a Toepfer booking of a 13,000-ton cargo of heavy grain (sorghum and soyabean) from Toledo to Japan at the rate of U5529.00 completing In the St. Lawrence up to 18,000 tons at rate of $23.00 (FIO), the loading
      UPI.  -  179 words
    • Article
      Conference raises rates to Australia
      143 5 THE Straits/Australia Shipping Conference la to raise Its freight rates by 5 Bsr cent with effect from ov 1. Shippers here were Informed of this a few days ago. The conference said that since It last raised Its rates In October 1976, operating costs have
      143 words
    • Article
      Lock icon Revised CAF date
      86 5 Reuter. THE FAR Eastern, Europe/ Japan and Japan/ Europe, Philippines/ Europe and Sabah, Brunei ana Sarawak Freight Conferences announced they will apply revised currency adjust* ment factors In several areas from Aug 1. The areas and rates, with previous rates in brackets were: UK/ Eire 3.0 per
      Reuter.  -  86 words
    • Article, Illustration
      SHIPS IN PORT
      377 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Allsher Navoi (after Nedlloyd Westerkerk) 31/32 Balashikha (after Motovun) 44 Frotakobe (1700 after Bezhltsa) 1/2 Haylln (after President Adams) 38/39 Hoegh Orchid (after Kuznlca) 47 Oolden Eastern (0600 after Ta Yu) 22 Kobe Mara (after President Adams) 35/30 Nedlloyd Frazer (1900 after
      377 words
    • Article
      Nigeria slaps taxes on foreign airlines
      200 5 NIGERIA is Introducing I heavy taxation on foreign airline and shipping companies. The move, which the Nigerian government says is an Interim measure, could cause cash flow problems for some companies The tax on the two types of companies is set at 10 per
      200 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      18 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us hji you, local or onward reservations p
      18 words
    • Advertisement
      Page 5 Advertisements Column 2
      131 5 Score winning sales Australia has produced champions in most sports. It's a winning quality that's also apparent in Australian sporting goods. You'll see it in their styling, in their strength, in their superior construction. It's a quality that sells. The big range of Australian sporting goods includes water sports gear,
      131 words
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  • Article
    Time to lead and not be led
    597 6 THE ONE great asset that merchant banks have over all other banking institutions Is Intellect. Man for man, merchant bankers are among the best and brightest in an already above average field. Qlven this great store of value, merchant banks are expected to
    597 words
  • Article, Illustration
    Lock icon Putting another feather in London's cap
    932 6  -  The British government wants to see London firmly established as the world capital of international commodity dealing. The first move will be the establishment of a World Centre for Commodities in London and this is going ahead. ALAN SPENCE reports. ALAN SPENCE FT COMMODITIES
    FT  -  932 words
  • Article
    Graded beyond recognition
    1273 6  -  By KADIR JASIN ADVANCES In natural rubber technology will threaten the Interest of smallholders, who contribute about 00 per cent of Malaysia's production. Rapid expansion In the production and consumption of technically specified rubber (TSR) tends to widen the quality gap between estate and smallholder production. Olven
    1,273 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      281 6 f Wi T A wine J m s K* i-T-- H. /i. ?*|?_'!.[\;'}~<`'+,=:~$*.)$.=(* Hotel Royal-RAMADA Newton Road, Singapore 11. Republic of Singapore Telephone: *****1, Telex: RS-***** Cables: HOTELROYAL Indonesian set lunch daily for lovers of spicy food and our speciality IK AN MAS. Try our most-talked about air-flown steaks for
      281 words
    • Advertisement
      Page 6 Advertisements Column 2
      41 6 Manila's foremost strolling minstrels serenade you with Spanish and Latin American balads, pops. Country and Western and their very own Filipino songs. except Sundays at the and the Jjirtoii grilf (GkxmlFlom) (2nd FToorl HSINGAPORE HILTON CSj T*i WMT or VQUR MM
      41 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      65 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Occasional light rain in late morning. Report for 24 hours prior to 7.30 p.m. on July 27 at the airport: Maximum Temperature 31.3° C Associated Humidity 74 Minimum Temperature 25.7° C Associated Humidity 86 Hours of Sunshine 5.50 Rainfall in
      65 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      246 6 TsV'MRWDTO SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee— My Heart Is Broken (Repeat) superimposed English/ Chinese subtitles A Mandarin feature film 4.35 Intermission 6.05 Opening announcements followed by Exercise With Gloria 6.30 News In Brief 6.35 December Bride Lily-Hilda Fight 7.05 Persembahan Ku (Malay) 7.30 News and
      246 words
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  • Article, Illustration
    An up-and-coming tourist resort
    789 7 ONE POLICEMAN, 700 other inhabitants, a row of run-down ahophouaea and a government reethouae is what the town of Kundasang, Sabah, has now. j V But there will be big changes aoon a 48room hotel with Mount Kinabalu aa its bachdrop, a nine-hole golf course, 24
    789 words
  • Article, Illustration
    Lock icon Poor to seek better Stabex deal in Brussels
    982 7  -  »y TIM PEARCE Reuter. REPRESENTATIVES of the European Community and Its 54 Third World partners will face several months of hard bargaining in the Lome convention, the trade and aid agreement whose re-negotlatlon begins in Brussels this week. Signed in the Togo
    Reuter.  -  982 words
  • Article, Illustration
    STRAWS IN THE WIND
    524 7 NATURAL rubber has proved Its worth in a perhaps little-known way, I learn from the Malaysian Rubber Producers' Research Association's quarterly magazine, "Rubber Developments." We are Indebted to natural rubber not only for the creation of "Six-million Dollar Man," "Action Man," and "Blonic Woman" (lest the
    524 words
  • Article
    BRIEFING AT EDB
    115 7  -  Letter to the Editor ONG WEE HOCK I REFER to your report on the front page of Businees Times, Tuee, July 18 heeded "EDB to the Rescue, Asean Workers for our factories". A meeting was held st the Economic Development Board to brief manufacturers on various issues
    115 words
  • Article
    Those variable variables
    964 7  -  FORUM f ...on economics h j •y JOHN DRYSDALE ■n John Drysdale is a direc- tor of Asia Research Pte Ltd. I AM NOT leading up to a discussion on energy, nor Opec currency problems, nor the consequent drop in the US dollar. I merely want to
    964 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      42 7 I to Ml rv Lunch TODAY «OKOH N s ■>: m* 3 branches for your convenience: SINGAPORE OKOH Supreme House, Penang Road. Tel *****1 OKOH OF GINZA Hong Leong Bldg Raffles Quay. Tel *****81 KATSURA O r chid Inn, Dunearn Rd Tel: *****2
      42 words
    • Advertisement
      Page 7 Advertisements Column 2
      85 7 M. I L* >/£} y'Y Ss=st 4 W f/ 9tf You 11 feast like royalty at the Rang Mahal. Palace of Colours. On our daily menu are the lame gourmet favourites once loved by Mogul Kings of old. Tandoori temptation*. Aromatic curries. Fluffy rice. Frahly baked naan. Indian food can
      85 words
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      Page 7 Advertisements Column 3
      77 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scolts Road, Singapore 9 Tel *****1 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 Cuscadcn 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
      75 7 ORCHID INN 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
      75 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      64 7 BriStcW: FmnX DicXezs I Neßve OF thosc v-tocx rIBuSHeRS.HEfvP TRonuooo... D£P\R. SIR UXo 9C£. VOOR "TVAC F*M»SH OF tne rp«T f\S IT IS PFMKFUUJi 06V OUS THPCT \|OU VGOu> NOTHI»4G> FN6OUT DtCTiMG -rms \s ft PvND SHOULD G£ I£FT TO THOS£ Qußur»eD.... ere HOU) Tney kkkxa) noting P>GOUT D\eT\»4G iNDGED
      64 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Amsterdam stocks close mixed
      467 8 EUROPEAN MARKETS ■HARE prices In Amsterdam rlossfl mixed on Wednesday. Hoogovens and Royal Dutch ended firmer In otherwise unchanged Dutch Internationals. Bourse sources said KLM lost 90 guilders after an Initial rise of more than four guilders ahead of the first 1978/79 quarter figures. In the
      467 words
    • Article
      Amsterdam
      211 8 JULY 26 FU ABN 304.SO -05 Ahold 106 50 +0.5 Akzo 30.10 unch AMEV 82 80 -0.1 Amfas 100 00 +0.5 Amrot Bank 75 80 -0.1 Bergoss 51 80 +0.8 Berk 92 50 unch Bols 71 30 -0.7 BorsumlJ 157 00 -0.5 Burhmann 72 70 1.5 Byenkorf 93 80
      211 words
    • Article
      Paris
      262 8 JULY M Frs CORBEILLE Alr-Llqulde 329 +2 BSNQervals Danone 532 -10 CSFlThomsonCsf) 294 -5.5 Cle Francalse des Petroles 142.30 +2.3 Compagnle Flnanclere Compagnle Generale 388 50 +8.5 Credit Fonder De France 384 80 +8.3 Hachette (Libraine) 234 +4 Machines Bull 47.10 +0.3 Mlchelln(B) 1339 +9 Partbas 181 I Pechlney
      262 words
    • Article
      Zurich
      183 8 JULY K Francs Actions Suisses 288 v, unch Alusulsse Br 1240 10 Alusulsse Reg. 519 ♦2 Brown Boverl Br. 1850 unch ClbaGelgyBr. 1050 unch Clba Gelgy PC 800 unch Clba Gelgy Reg 582 1 Credit Suisse Br 2170 10 Credit Suisse Reg 410 unch ElektrowattBr. 1800 unch George Fischer
      183 words
    • Article
      Frankfurt
      212 8 JULY n Dm Aef-Telefunken SI +0.5 Akzo 27.70 unch Allz Leben tu unch Alls Vers MO +2 BA8F 135.30 1.8 Bay H T W ban It 293 1 Bay V bank 330 +2 Bayer 139 +4 BBC 312.SOB BMW 2M 50 1.5 Cassella 385 unch Chem Verw 287 +1.5
      212 words
    • Article
      Milan
      100 8 JULY K Lire Anic 130 25 -18 75 Assoc Qen ***** -390 Bastogt 480 -18 Centrale 3730 -111 Flat 1774 -24 Flnsider 154 SO -7.5 Oen Immob 74.79 +2 IFl Pn 2282 -32 Italcementi ***** -90 Itaigas MO -1 -16.75 Italalder 310 25 Magnetl M Pf 494 I Marelll
      100 words
    • Article
      Brussels
      91 8 JULY H Fra 47FORWARD market Acec 324 4-2 Arbed 2380 -5 Astur 586 +4 Brascan 489 3 Bra-Lamb 1550 unch Canpac 590 +8 Cock 420 -4 De Beers 208 Ebes 2285 -10 Electrobel 8810 unch Ob-Inno-Bm 2280 20 Gev 1310 unch Hobok 2300 -35 Petro 3715 10 Ryl Dutch
      91 words
    • Article
      CBOE
      29 8 WEDNESDAY'S option* on the Chicago Board Options Exchange were unavailable doe to the breakdown in telex tranemiaeion through Hongkong aa a result of a severe tropical storm there.
      29 words
    • Article
      Lock icon Soviets place order with Siemens
      114 8 AP. SIEMENS AO received Soviet orders worth 30 million marks for electronic equipment needed at the 1980 Moscow Olympics, the West German Industrial giant said. "This has nothing to do with the American computer business at all," a spokesman declining to be named, said when
      AP.  -  114 words
    • Article
      Toronto
      333 8 A STRONG MARKXT advance on Wednesday ended with news of an Increase in the prime rate turning prices mixed In active trading The composite index was down a point but gains outnumbered losses 238 to 219. Canada Tungsten Mining rose IK to 17% on higher first half earnings. and
      333 words
    • Article
      Jo'burg
      368 8 GOLD SHARES were firmer In line with the bullion price on Wednesday. Mining flnanclals were generally at previous levels and unresponsive to the gain In producers. Elsewhere, De Beers gained two cents to 707. Platinums were a few cents easier In small trade, while coppers were at previous levels
      368 words
    • Article
      Selected indices
      62 8 FINANCIAL TIMES INDUSTRIALS Wednesday 482.0 Tuesday 485.4 Week Ago 487.7 DOW JONES AVERAGE INDUSTRIALS Wednesday 847.19 Tuesday 838.57 Week Ago 840.70 LONDON DOLLAR PREMIUM Wednesday 97* to 97* Tuesday 99* to 100 H.K. HANG SENG Thursday closed Wednesday do—d Week Ago ...564.94 8YDNEY INDUSTRIALS Thursday 438.38 Wednesday 433.30
      62 words
    • Article
      Market extends early gains
      1125 8 NEW YORK THE STOCK market on Wednesday. aided by encouraging June trade figures, extended Tuesday's gain In the heaviest volume In more than a month. The Commerce Department said the US trade deficit narrowed In June to a seasonally adjusted U831.6 billion from $2.24 billion of
      1,125 words
    • Article
      Lock icon Prices still firm
      596 8 TOKYO Source: DBB-Daiwa THE market continued firm yesterday, centime on pubUc works spendlng-related Issues, despite the sharp appreciation of the yen. Incentive-backed issues such as Asahl Chemical Industry and Hisamltsu Pharmaceutical also rose sharply. Asahl Chemical row sharply on heavy volume following news It had succeeded In
      Source: DBB-Daiwa  -  596 words
    • Article
      Sydney
      383 8 THE market firmed In active trading yesterday, with Industrial stocks attracting special attention. Dealers said BHP rose six cents to As 7 72, Coal and Allied 10 to 4.80, Howard Smith 10 to 4.45, and Utah 10 t04.30. Tooths rose three to 1.95, on news of the company's plans
      383 words
    • Article
      Manila
      132 8 THE market closed with all sectors firm yesterday. Dealers said turnover rose to 23.38 million pesos from Wednesday's 10.08 million. Atlas Con B. Bagulo Gold, Lepanto B. Phllex B. Oriental B and Phil Overseas, all firmed. Acoje Mining 0129 ♦0.0005 Atlas Con. A Atlas Con B 22 50 ♦0.4
      132 words
    • Article
      Bangkok
      141 8 JULY 27 Bahts Asia Fibre 2S7 -8 Bangkok Bank 374 -2 Bangkok Invest. 338 -10 Bangkok-Metro-poll tan Bank Bata BerllJucker Carpet Intnl Charoong Thai Wire 27* -2 Dumex DusltThanl 320 Paber Merlin First Trust 278 Upch Genera Finance In do-Thai Industrial Finance Corp 2306 -*0 J And J Ho
      141 words
    • Article
      Hongkong
      14 8 THE Hongkong market *u closed yesterday ti tke colony was hit by typhoon.
      14 words
    • Article
      Lock icon Hutchison unit lifts first half
      193 8 Reuter. SYDNEY: Listed Hutchison Whampoa Ltd unit Swift and Co Ltd said Its unaudited after tax profit rose to A 5813.000 In first half 1978 from $564,000 In the same 1.77 period on revenue of $36.95 million ($34.14 million). Profit Is after tax at $588,000
      Reuter.  -  193 words
    • Article
      Lock icon ORIENTAL'S OFFER TAKEN UP
      94 8 Reuter HONGKONG: General Oriental Ltd said its offer of 6.28 million new shares to the company's minority shareholders has been fully taken up. These new shares come from General Oriental's acquisition of the entire Issued capital of Argyle Securities (Holdings) Ltd from Evon SA of Panama,
      Reuter  -  94 words
    • Article
      Lock icon Wall Streeters eye American Snacks
      849 8 AN EMERGING GROWTH COMPANY NYT AMERICAN Snacks Inc. has been climbing steadily on the over-the-counter market recently. While American Snacks is a little-known company It operates 200 coffee shops in Zayre department stores, a score of doughnut shops and 15 fatted calf restaurants It Is
      NYT  -  849 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      139 8 lA t 1 o V >' ;ut 1 A S® vj S.V »f 1 jswissi *-«SBV?* 2 tL w> An exciting collection of authentic recipes, especially selected to show the diversity of the Indian cuisine. Ideas range from spicy curries to delicious samosas, chappatls, purls and mouth-watering Indian sweet dishes.
      139 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Oil giants turn in hefty second quarter profits
      694 9 N.AMERICAN THE GIANT oil companies, led by the Exxon Corp, are reporting generally strong second quarter earnings, primarily because of increased production, but the good news is being largely ignored on Wan Street. Exxon, the world's largest oil firm, turned In a
      694 words
    • Article
      Lock icon Inland Steel order rates still strong
      199 9 Reuter INLAND STEEL Co said the order entry rate for its steel mill products continues very strong adding that It expects Its steel mill operating levels to be close to capacity during the second half. Mr. Frederick Jaicks, the repeated an earlier forecast that
      Reuter  -  199 words
    • Article
      Lock icon REYNOLDS RISES 12pc
      167 9 Reuter R.J. REYNOLDS Industries Inc. Winston-Salem, North Carolina, posted a near 12 per cent gain In Its second quarter profit to a record US$lll.B million ($2.28 a share) from $100 million ($2.05 a share) for the same year-ago quarter. The United States' No 1 cigarette manufacturer also
      Reuter  -  167 words
    • Article
      Lock icon Alcoa earnings climb 27pc
      162 9 Reuter ALUMINUM Company of America (Alcoa), the world's largest aluminum producer, reported that Its second quarter profit climbed 27 per cent to US$74.B million ($2.13 a share) from $58.9 million ($1.70 a share) In the same year-ago period. Revenue Increased to $1.01 billion from $917.5 million,
      Reuter  -  162 words
    • Article
      Con. Edison income drops
      163 9 THE CONSOLIDATED 'Edison Company of New York Inc said Its second quarter net profit declined to US$4O.7 million, or 65 cents a share, from 949.8 million, or 81 cents a share in last year's second quarter. Revenues came to $888 million. ud slightly from last year
      163 words
    • Article
      GILLETTE DIVIDEND
      23 9 GILLETTE Co said directors increased the quarterly dividend to 40 cents from 37-1/ 2 cents, payable Sept 5, record Aug 1.
      23 words
    • Article
      Lock icon Motorola meets earnings forecast
      123 9 Reuter MOTOROLA INC. a leading semi-conductor manufacturer, reported an increase In Its second quarter profit to U5532.9 million ($l.OB a share) from $27.8 million (92 cents a share) in the same year-ago period. Revenue expanded to $548.2 million from $459.7 million, the company said. Motorola, with
      Reuter  -  123 words
    • Article
      Lock icon FRUEHAUF CORP UP
      60 9 Reuter FRUEHAUF CORP S second quarter net profit came to 525.06 million vs $16.24 million on earnings per share of $2.08 vs $1.35. Sales were $610 million vs $461 million. For the half-year, earnings per share were $3.22 vs $2.21. Net profit came to $38.86 million vs
      Reuter  -  60 words
    • Article
      Lock icon Brooke Bond and Bushells see eye to eye
      259 9 ASIAN Ytttiii i Reuter Brook Bond LJeblg Ltd and Australian Jf® w. a n d cott®« processor, Bushells Investment Ltd said they agreed on the terms of an offer to be made by Brooke Bond for all of Bushell s issued capital
      Reuter  -  259 words
    • Article
      ISLAND DYEING PAYOUT
      67 9 HONOKONQ: Island Dyeing and Printing Co Ltd announced a final dividend of 30 cents (25) for the year ended March 31. Books closed August 15 to 31 Inclusive. Net profit totalled HK$26 ntllUon ($4.08 million). Meanwhile, the Great Eagle Co Ltd announces an Interim dividend of 20
      67 words
    • Article
      Lock icon Orient Leasing takeover
      192 9 Reuter. TOKYO. Orient Leasing Co has become the main holder of US Leasing Corp of San Francisco aiier obtaining a 100 per cent share In the American company. The firm said the American company had been the main holder of Orient Leasing, but It has sold all
      Reuter.  -  192 words
    • Article
      Lock icon K Mart takes up interest at G. J. Coles after revamp
      376 9 Reuter MELBOURNE: Australia's biggest retailer, the O.J. ■Coles group, Is to become 20 per cent US-owned under a major corporate structure shuffle announced on Tuesday. The deal will mean that Coles, already Austrlala's biggest retailer by sales, win draw
      Reuter  -  376 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      944 9 THE CHASE MANHATTAN BANK, N.A AND SUBSIDIARIES HEAD OFFICE: 1 Chase Manhattan Plaza, New York, New York ***** CONSOLIDATED STATEMENT OF CONDITION December 31,1977 December 31,1976 (In Thousands) (In Thousands) Assets Cash and Due from Banks Interest-Bearing Deposits Placed with Banks Investment Securities: U.S. Treasury Securities Federal Agency Securities State
      944 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1239 10 BID and offer prtaas officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets In lots of 1.000 untts unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett." Big Board deal
      1,239 words
    • Article
      Government bonds
      96 10 4 3/4% lf/6/66 250,000) trnttwauM (100.558 100.708) f V 4% T F 16/1/61-64 (250,000) (102.608) 7% IV4/M (250,000) (100.608 100 058) 7 1/4% 16/4/66 (250,000) (100.75B) 7 1/4% 16/16/66 250,000) (100.75B) 1 1/4% 1/6/67 (250,000) (100.75B) 5 3/4% T P IWB6 (250,000) (100.908) 1/4% T F 1/7/99 (250,000)
      96 words
    • Article
      Stock options
      98 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. Cold Btarage (Sept 61 70) (0.818 0.745) C aad C (Sept 82 20) (2.658). E
      98 words
  • Article
    SHARE INFORMATION SERVICE
    2476 10 O's Gr*s Net 1978 Company Last DW Dtv T*M P/l Vel Day Low Sale +s*- Cn (*880) High Law SECTIONONE \.r INDUSTRIALS 230 132 Acma 211 -1 12.ON 1.3 9.6 22.9 4 212 210 233 123* Alcom 232 10.0 2.2 4.3 17.1 172 112 Allied Choc 142
    2,476 words
  • Article
    Unit trusts
    137 10 BINGAFOBB UNIT TBI m INCOMX BOND UNIT (MaHfn' prtsss trMai (Cist p rises) The Commerce Lll 1.1ft INCOME BOND l.f» l.U The Smvtnc Fund 1 S3 1.41 S'pore Prof Fund 1.01 1 MABA BUMIPUTBA FUND Spore Security ftuid 1.M 1.0ft (HuMfn' prtssi First Bumlputrm krM 1.00 m 1.0ft
    137 words
  • Article
    In Kuala Lumpur
    1440 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lot* of 1,000 units unless otherwise specified. INOUBTRIALB Aoma (2.258). AhM (2.258 2.308). A Chaa (1.358 1 708). AMD
    1,440 words
  • Article, Illustration
    UOB gallops to the lead
    912 10 SEVERAL fraah stimulatine factor* ware injected ob the Stock Eiekuf* of Siiftpon yntordty and ware quickly token advantage at by trader* la selected counter*. Bullish sentiment prevailed tn the finaacial seetion due to talk anrrennHnt United Orereeoa Baak wkick is taking a greater equity iataraet
    912 words
  • Article
    Trading in KL turns cautious
    619 10 PRICES closed mixed to slightly steadier In moderate trading on the Kuala Lumpur stock market yesterday. Traders were generally cautious and Indecisive following the overnight bout of profit-taking and most preferred to stay on the sidelines to wait for a clear trend to emerge. As
    619 words
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  • COMPANY NEWS
    • Article, Illustration
      Selprop to enjoy growth period
      701 11  -  By ARTHUR NG ALTHOUGH managing to turn In only marginally higher earnings at halftime, Selangor properties (Selprop) should be In for a period of growth as the company actively pursues Ithe enhancement of development Income again. For the first six months ended April 30, 1978,
      701 words
    • Article
      Idris profits to take a sharp fall
      396 11 RESULTS for Idris Hydraulic Ltd in the current financial year are expected "to show a sharp decline compared with the year under review." This, chairman J.N. Savory says, is because the tin bearing ground in the central area of its workings is of
      396 words
    • Article
      COMPANY MEETINGS
      205 11 Kramat Tin Dred|in| Bhd: AGM to be held at 16, Jalan Tangsl, Kuala Lumpur, at 10.15 a.m. on July 31. Sungei Beai Mine* Malaysia Bhd: AGM to be held at 16, Jalan Tangsl, Kuala Lumpur, at 11.45 a.m. on July 31. Kampong Lanjut Tin Dredging Bhd: AGM to
      205 words
    • Article
      PAN ELECTRIC STAKE
      70 11 PAN Electric Industries Ltd said it and its 60 per cent owned subsidiary, Marine Services Ltd, have acquired 600,000 shares of Brunei $1 each at par in Kuala Belait Shipyard Ltd of Brunei. Pan Electric acquired 550,000 shares in the new company while its subsidiary acquired 50,000
      70 words
    • Article
      DIVIDENDS ANNOUNCED
      289 11 Current payment Ex Date Books cloee Date payable Total fot the year Total for previous year Oriental Hides. Public Buk George Town KgLanlut SungeiBeei Kramat Tin Dredg. KIIH-yfc.ll M. Flour Kuala K—par FAN HiverrWw Sanyo lads. (M) S'pore Glass (1*74) Pefi Malaysia U to Malacca M Cement Pan
      289 words
    • Article
      SCRIP ISSUES
      134 11 Company Particulars Ex Date Books Close P«fi Malaysia Great Eastern Life M'sia Feedmilla I *n a— Sentoaa Plywood Synthetic RmIii Fahar MarUa Bonus Issue of 1 for S Bonua Issue of 1 for 2 Rights Issue of 1 for 4 ®fl .00 per share Rights Issue of 1
      134 words
    • Article
      Bousteadco note
      143 11 BOUSTEADCO Singapore informed the Stock Exchange of Singapore that 175,049 new shares were not taken up by its shareholders when application for the rights issue closed on July 18. The directors of BCO have decided to allot 127,994 new shares to excess shares applicants in the following manner:
      143 words
    • Article
      Faber Merlin queried
      143 11 THE Kuala Lumpur Stock Exchange has queried Faber Merlin Malaysia on Its recent proposal to make a rights issue of 6.5 million ordinary stocks units at $1 per ordinary share. The Exchange wants to have for public release, the net profit or loss of the company for
      143 words
    • Article
      Deposits at Bank Buruh grow by 86pc
      298 11 BANK Buruh (Malaysia) Berhad last year scored aa 88 per cent growth ia total deposits to M89C.4 •gainst 851.8 million in 1978. Bank chairman Dr P.P. Narayanan described the performance as "very commendable" ia view of the highly limiting factor of the bank
      298 words
    • LATEST RESULTS
      • Article
        CITY Developments Ltd:
        39 11 Unaudited group pre-tax loss $1.05 million (loss $687,000) for the six months ended April 30, on sales of $5.93 million ($5.59 million). Parent company pre-tax loss $703,000 (loss $467,000) on sales of $3.68 million ($1.65 million).
        39 words
    • Article
      G. Lumber sees trading loss
      501 11 ALTHOUGH General Lumber (Holdings) managed to pull through a rugged halfyear ended March 31, 1978 with a higher unaudited (roup pre-tax profit to ($865,200 against a previous corresponding loss of 140,000, this was mainly due to a whopping 81.1 million (nil) extraordinary gain and does
      501 words
    • Article
      PRI performance pulls down Ulu Benut
      458 11 A SHARP rise In dividend income received failed to offset lower trading profit raked In by lone subsidiary, Pacific Refractory Industries (PRI), thus resulting in a modest decline in interim earnings at Ulu Benut Consolidated Industries. Unaudited group pre-tax profit for the first half-year
      458 words
    • Article
      LIEN HOE INDUSTRIES CAPITAL INCREASED
      201 11 LIEN HOE Industrie* says its shareholders have approved the increase in the company'* authorised share capital from MS 10 million to $20 million as well as its proposed rights issue of 2,065,781 shares of $1 each made on the basis of one new share for
      201 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      574 11 THE BANK OF CANTON, LIMITED (Incorporated In Hong Kong on 21st February 1912) BALANCE SHEET AS OF DECEMBER 315T.1977 LIABILITIES HK$ If 77 SHARE CAPITAL 12,431 830 CAPITAL RESERVE 35 000 000 GENERAL RESERVE 31 000 000 PROFIT AND LOSS ACCOUNT 3[095;849 SHAREHOLDERS' FUNDS 81 527 679 CURRENT DEPOSIT AND
      574 words
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  • Article
    Lock icon Japanese emergency imports must top $9b
    1248 12 Reuter A SPECIAL Japanese government task force charged with finding ways to cut Japan's huge trade surplus decided yesterday to aim for a further boost In Tokyo's programme of emergency Imports, beyond the existing target of USS4 billion (559.2 billion) worth within this financial
    Reuter  -  1,248 words
  • Article
    Lock icon Singapore, KL sign power supply agreement
    325 12 AFP. MALAYSIA yesterday signed two agreements one with Thailand and the other with Singapore to provide for a power link-up between Malaysia and the two neighbouring countries. The agreement between the National Electricity Generating Authority of Thailand Is for connecting the electricity systems of
    AFP.  -  325 words
  • Article
    LONDON STOCKS
    738 12 LONDON. Thurs. The market closed mixed today after a quiet session and at 3 pm the Financial Times index was up 3.0 at 485.9. Equities opened lower on the possibility of government dividend control being passed In Parliament today, but small buying orders lifted prices through the session.
    738 words
  • Article
    Call for balanced land allocation in Malaysia
    694 12 MALAYSIA needs a landuse policy to ensure a balanced allocation of land to the various cash crops. This Is necessary to obtain the maximum benefit from arable land which is scarce in relation to rising needs. Noting that there are still approximately 6.6
    694 words
  • Article
    Lock icon Oil at friendship rate
    149 12 UPI, AFP. CHINA and the Philippines have signed a five-year, US$500 million (811.16 billion) oil agreement, the official Philippines News Agency reported from Peking. The agreement mahee the Philippines China's second largest oil customer after Japan. It was signed in Peking on Wednesday by Philippine Energy
    UPI,; AFP.  -  149 words
  • Article
    Lock icon SEC probes Citibank's overseas dealings
    719 12 NYT. THE US Securities and Exchange Commission is Investigating the overseas transactions of Citibank, the country's largest international banker. Government officials said the Investigators are looking Into the possibility that the bank might have violated foreign-exchange and tax laws of some of the foreign nations
    NYT.  -  719 words
  • Article, Illustration
    Lock icon Malaysia's new Cabinet line-up
    241 12 AFP M ALAYBI AN Prime Minister Datuk Hussein Onn yesterday announced his new Cabinet with several new ministries formed. The Prime Minister said some of the ministries which had wide responsibilities have been reorganised and some of their functions transferred to smaller ministries. The Ministry of
    AFP  -  241 words
  • Article
    Cut taxes for produce dealers
    83 12 THE Singapore Chinese Chamber of Commerce and Industry (SCCCI) has appealed again to the Government to extend the 20 per cent tax cut to companies dealing in traditional commodities such as rubber, timber, pepper and coffee. In an article m the Economic Quarterly, Mr. Ho
    83 words
  • Article
    Lock icon Bonn accord on package to spur growth
    697 12 Reuter THE WEST German Cabinet has reached broad agreement on an economic stimulus package, aiming for net tax cuts of around 7 billion marks (about Ss7.B billion) for 1979 and a similar amount for 1980, government spokesman Kalus Boelllng said yesterday. It also
    Reuter  -  697 words
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    Lock icon German June surplus rises to $4.4 billion
    176 12 Reuter. WEST GERMANY'S foreign trade surplus roee to 3.M billion marks (894.35 billion) in June from 3.04 billion in May, the Federal Statistics Office said. The trade surplus in June 1977 was 2.90 billion marks. Exports in June totalled 25.62 billion and imports
    Reuter.  -  176 words
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      104 12 *L:t? l, <5 if f r-^p: %.*<* <■< >^ e< c<i. I ST vT4\ c# c° A® Ss W Malaysian Tobacco Company Bhd. NOTICE IS HEREBY GIVEN that the Board of Directors has declared an Interim Dividend of 20 cents gross per share less Malaysian Income Tax at 40% in
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    SHIPPING TIMES
    3132 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World Th« following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates or arrival and departure.from Singapore port. t Cwmrtht ScaoDitch lum i <*ißt arrvtoe irraapßMt
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      331 13 Scan Dutch Fast and Regular Service To/From N.C. /SCAN /W.MEDVAJ.K. Singapore: Tel *****, Port Keteng: Te). *****1. Kuala.Lumpur Tel. *****. Penang: Te). ***** FAR EAST/RED SEA, MEDITERRANEAN EXPRESS FOIL CONTMNER SERVICE USO MCtPTIM CiMCO FO« GENOA. LATTAKIA. KIRUT. ALUANMHA. BEMMAZI, TIITOII (LIBYA) S port *le4d*Pert Fei Btrcolow tftr Mantilks Waadtaae
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      398 13 SHARJAH SHIPPING CO LTD UNirtO ;W6 M BATES GULF SHIPPING LINE (UNITED ARAB [MIUTfSi pa r.lNfSi &G!S*S ;un '"(V SH»»)»H SHIPPING <Si PH UD o*ll *)TA(. Shipping CORPORATION Mh Moor Kheng Hot Bidf »uAiA IUMPUP Tft ?068*> 7 34 Ph.hp Si S porf 1 ISLAND CARGO HANOI ING '(I *****3
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      388 13 g; Seatrain Full Container Service to USA FEEDER VSL S PORE MOTHER VSL HK OAK LA GULF E/C t/l S«tr*n 14/1 2/1 31/1 10/9 13/9 Sf train Lf unqton V 139 23/8 10/9 8/9 18/9 21/9 Full Container Service from USA MOTHER VSI E/C GULF OAK LA HK FEEDER VSL
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      376 13 NAMYANG LINES REGULAR NOR-CONfERCNCI SERVICES FM EAST TO MEDITERRANEAN {'an P. Um LmMm tor UNIQUE DINNER V.IM It A* 19 itac P. SaM/Mrat/latakia/ Pwtw/ldanH/TrlpMi/ LYNNA V.lff 1 S«pt 4S«pt NAMYANGDRAGONV.iI! 21 Sapt 24 S«pl -UNAMYANG CROWN V.IM 20 Od 24 Oct -4bAll *essels accepting cargo tor Benghazi/ Tripoli (Libya) by
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      132 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel *****. Port Ketong: Tel. *****1, Kuala Lumpur Tel. *****. Penang Tel ***** NOTICES m.v. "VISHVA TAKANG" VOY: 14 irrirtd 23H July. 1975. at P.S.A. GODOWN No. IS. General Survey of damaged cargo ex the above vessel will
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      757 14 Page II OOOOOOOOOCQCOdC :^ii'iwK6W: i&drt hw«TS j'pm turn Bto l,Him ll,miii, 28/7 30/7 19/8 21/8 22/8 (31/8) City «f UMI 7/8 9/8 31/8 2/9 3/9 6/9 S2£msT* 14/1 15/8 2/9 4/9 5/9 A/9 OukJkr 19/8 21/8 10/9 12/9 13/9 (17/9) 25/8 27/8 16/9 18/9 19/9 22/9 HMfkMiEirm 1/9 21/9 23/9
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      773 14 SANKYO LINE AUSTRALIA SERVICE P.Maftf Si*ap»r« Lwdinf far YUEMAN 30/31 July 1/2 Aug OWN, BRIS.SYD, MEL MAYSKV 30/31 Ju.v 1/21 Aug FREM MAYCARP 12/14 Auf 10/11 taf MtS. Sto. MEI BANGLADESH SERVICE MAY CARP 29/30 July IN PORT CHITTAGONG. CHAIN GENERAL AGENTS CONTAINER BOOKING LOM) AGENTS P KELANG PENANG OCEAN
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      520 14 72 land a U.S.A./ ASIA SERVICE o*' oifRIGERATED CONTAINER SfRVtCt SAILING EVERY WHmESMt fW WRTSINUSA CANADA CARIBBEAN. JAPAN. UNEA. TAIWAN. NONG RONG. THAILAND MO PHILIPPINES tot 24/25 DIRECT SERVICE TO MID-EAST RY/REEFER CONTAINER SERVICE TO DUBAI BANOA BBAS, DAMMAN, MUSCAT, DOHA, TEHRAN, ESFAHAf VSL Arrives/Departs AUG 6/7 AUGUST 19/20 40TH
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      944 14 Everett Lilies Burma Fhrt Star Skifpini C»rp«. "BURMESE NATIONAL LINE' LOADING FOR RANGOON rmtmsimnm 'iK 1 HTONEYWA B Fi.SC. Agents in Malaysia TEPS MAI>YSiA Port Kelang Tel (3«)-7355 Penang Tel. *****/ ***** Compania Aiftntina Do jm \> Niimioi» IntwcantMMUl S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN
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      549 14 Orient Overseas CwtcjMeA Line FUILY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) IMERCATOR VH onaaiaKFiii IS SltS MMtf 17* ORIENTAL RESEARCHER 31 I NEPTUNE CORAL 9N CMEVALICRPAULI2W LtHtrrt HM»q rd«« htmip 14/8 20/1 22/1 24/1 2S/I 27/1 29/1 31/8 31/1 2/9 4/9 (/9 7/9 l/l I*9 B/9 13/9 15/9 17/9 11/9
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      1065 15 QCC Overseas Containers Limited J\ cwriiwatf sonnet r» w/cunwrT: H'torj S'port P. Kelang O'mark Brtm. UMuci a toi a j«i ii An 21 An CITT OF lIINIUIt* The I J1 2 Snt TNAttES MAN 14 A* IS An 2 toft *U* Htu iay im II hi II to? KU«M is
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      946 15 Ben Ocean Ajaßt3enncxofßiaLvte.Bki9Rtnnel(aealJneandNSUO Tf n/cMTmn two w P. lata* Peneng prate si la us i*/U -M/ 10 W Leuaes. Oiibeo. Hull. lINMNM n/M Sl«t It (It L«lt**. Amte'eaw. OEHCRUACHAH a/» Oct 11 Hee Le.eeet. AasterOea. Hall. OEHVAHHOCH l»/n 'II 1« Le«ees, Oiibeo. Amterdeai. Hull. IfMflK tl/W he U«• Leaoes. Bilbao,
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      692 15 MNALttI em taiNWMN > (UMI MARN i« KM* UV It HMIW 15 —mmm imus RIIAM MAN tnn.Mii ut 11 BEN LINE CONTAINL LIMITED nwm |HW> nu turn sotom r KIM I f react All UX r scanOMWia Antwerp mmi mMr I t» 0i~»5 ii Ui i»- iHi iso* is* at,
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      975 15 Scan Dutch V EXPRESS CQWTAiHER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA Feed*' P. mim( Vets*l ritMiKt Wi Hunt ELEANORA »/1 IMI fiakesca 11/1 iUMMU It/ KIMM ELEANORA FIMCISU lUMMU FIMCfUt (KMNi imPH 1) IWIWI, I'm L M Jeilles 2 X HM't 4) Sbr| u i h< i m
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      564 15 GUTHRIE BOUSTEADr G THE BANK LINE LTD LUIS FN tit AFRICA "ZXJ.r.' 1 LWm nm M sa~ BIIVEBANR SIISANNC SIM mo un anm ww r MUI I Penanf S»« *1 WN p j„, P. Relanf tl/ll m *'»af* express soma iikct from wmhk ti hi hums, mm mxm. uiibt*. also
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      766 16 KAWASAKI KISEN KAISHA. I TP. to nmon S'jort P. Ketonf l.Hjwt H'bwß Bremen R*<tom A axM-KUSggss 33 sas 3SPA* «3 SSjfl -.53 i wi»m mw ■■■■'"I) fbom mon bab* *L. Havre P. Kelang S'pore H. Kong Osaka T ORIENTAL CHIEF UM «*T 30 Wy I** 11 SE Rt!teMll SatoO 4kH
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      1035 16 A E.C.-O.S.JL/ATIAITIC/6ILF SERVICE ACCEPTIK FO/ltt WWIWOS fMi STRRE. P. BUK. TOM tar Mmu. mw T«M. raltmnc, mw oouam. mmtom S xpMn P. bf»f NM PHRN "A >ti«L" E.C./GREAT LAKES SERVICE Laa*N tar: NfflU, WW YtOH, MIWI. OR—. IWWU, W". OMCAOO. tilwH P. lU inf S.KWI •n. VEST KMU" MSA 24
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      737 16 NEPTUNE ORIENT LINES LTD FULLY COWTAIWCtISID SERVICES: 'FULLY (VIA SKZ)' CKEVALIEI 108 NOHMONC CONTAINED NEICATN OOIENTAL CHIEF SEVEN SEAS NIKE MENTAL KESEAKMEI m CONTAINU Span *AM vessels caH U I FtON EOROfE (VU SKZ) S p°f, ii*sS SaM F*t 14 M| UN si- iim aAn 27 An aa« 11 12
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      630 16 ISB MtIAYStAN MTtKMATIONAI -T-|-|ir fljlll ill llHll—|||l EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/UK/CONTINENT/SCANDINAVIA west mm feeder Ktlm Vetsel S pore I) MMillet 2) Mam 31 NMrg 4) tturg feeder Kiiki Vmtl ruactxi hi i uumu ttum i/ FUKfICI 11/ I (LIIMII It/ Ml Mill FMMRCA IS/ I TITIMA ILUMU
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      731 16 INTRASEA (PTE) LTD t sml I i > t rcmiai imcpoknt sou/nu wntaho snvici ra mm S'port f UHnf ftaaot iMtal Mr: tMIKI Htl (Mr. ttef) 1 taf Htvri/l Ma/S'km M tan/t'«m.'StM(/ M-Mtim/S tcn (U.K.) SEA (WMIU OTII la Nrt StiM H-kur|/R'«M/tata«M. It UUTWt «tt4 I M lut IM| R
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