The Business Times, 4 August 1978

Microfilm: NL9799
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 21V1/78 FRIDAY, AUGUST 4, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Export boost
      80 1 AP MANILA, Thurs. Philippine Central Bank governor Gregorlo Licaros disclosed today new monetary measures to help Philippine export Industries. Mr Licaros said that under the bank's consolidated foreign borrowing programmes, Initiated early this year, a steady flow of money from abroad is assured since transactions are negotiated by
      AP  -  80 words
    • Article
      Lock icon Black June
      80 1 UPI ROME, Thurs. Italy's trade balance for the month of June was 506 billion lire ($1.38 billion) in the black, the highest In 18 months, the Government Statistics Institute said today. The trade balance for the January-June period was 177 billion lire in the red, compared with a
      UPI  -  80 words
    • Article
      Lock icon Expats' tenure
      80 1 AFP JAKARTA, Thurs The Indonesian government has in principle agreed to limit the tenure of foreign experts working In multinational corporations and to give more opportunities for Indonesians to fill the top jobs, vice-president Adam Malik said. The government agreement was given following a complaint by the All
      AFP  -  80 words
    • Article
      Lock icon Unemployment up
      59 1 UPI NUREMBERG Thurs West German unemployment in July was up 5.1 per cent against the previous month, the Federal Employment Office reported today. The office gave the number of Jobless as 922,200, an Increase of 44.900 persons against June. The unemployment rate thus rose from 3.9 per cent
      UPI  -  59 words
    • Article
      Lock icon Jakarta's 700 contracts
      103 1 AFP JAKARTA, Thurs. The Indonesian government Is finalising plans to renegotiate 700 contracts worth more than US$2.5 billion (555.7 billion) concluded when Lt. General Ibnu Sutowo was still director of Pertamina Company, Minister for State Reform Dr. Sumarlln said here today. Last year the Indonesian government succeeded
      AFP  -  103 words
    • Article
      Lock icon It won't shrink
      81 1 AP PARIS, Thurs. Japan's massive trade surplus, a key element in world monetary instability, Is unlikely to shrink in the next few months because the yen's buying strength has Increased, Western economists predicted today. A survey by the Organisation for Economic Cooperation and Development says Japan's current
      AP  -  81 words
    • Article
      Lock icon Dow Jones
      70 1 UPI NEW YORK, Thurs. Prices soared broadly higher today in the heaviest'first-hour trading in the 186-year history of the New York Stock Exchange. In the opening hour 20,130,000 shares were turned over, eclipsing the previous record of 17,580,000 shares exchanged on April 25. The Dow Jones Industrial average
      UPI  -  70 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      133 1 Rises Most active Metal Bos Spore 314 -♦-24 Harimau 476,000 D Keramat 1030 +20 Haw Par 411,000 Matsushita 454 +20 Sime Darby 376,000 Esso 374 18 J C MPH 226,000 Carlsberg 545 15 Hich ft Low 183.000 Premium Hldgs ST P 1975 Petaling 138 700 670 13
      133 words
    • Article, Illustration
      In Kuala Lumpur
      173 1 Rises Most active M Bo*(S) D Keramal Ktio Ord Petaling Malayan 3.20 10.70 3.86 7.00 12.20 .33 .30 .20 .20 .20 EAC (M) Slme Darby Haw Par Consplant 786.000 554,000 482.000 470.000 Acma 2.25 +.13 Total Turnover: 5.22 m Kast Asiatic 3.20 .08 Total Value: MS13.18 m
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  • Article
    Lock icon Malaysia gets cracking on palm oil exchange
    330 1 AFP MALAYSIAN Primary Industries Minister Paul Leong has Instructed officials to give top priority to preparatory work for the setting up of a Malaysian palm oil exchange. A consultant engaged by the government to advise and assist in the preparations, Mr. H.J. Wilson,
    AFP  -  330 words
  • Article, Illustration
    Mark Asean's strength says Romulo
    606 1  -  byl John Tan ASEAN has grown to a point where It Is beginning to develop economic muscle, and now represents one of the few areas with great potential for economic cooperation with developed countries. Thus said Carlos Romulo, Philippine Foreign Minister and head of the
    606 words
  • Article
    Keppel group sues Haw Par for $9m
    565 1  -  •y TERESA LIM HAW PAR Brothers International has been sued for $9 million by the Keppel Shipyard group but lt Is expected to file counter-suits against Keppel soon. In a writ filed with the High Court, Keppel claimed that a Haw Par shlpowning
    565 words
  • Article
    DOLLAR ROUTED
    419 1 TRADING was hectic on the world's foreign exchange markets yesterday with the US dollar at first staging a dramatic Improvement against major currencies, only to be routed a few hours later. The see-saw movement highlighted the dollar's vulnerability to sudden shifts in confidence and the uncertainty into which
    419 words
  • Article
    Slackening exports to the West in first-half
    298 1  -  ly COLIN CHEE SINGAPORE'S trade deficit for the first half of this year widened to 53.1 billion. This compares with the $2.1 billion deficit for the same period last year, latest trade statistics show. The larger deficit is due largely to sleekening export
    298 words
  • Article
    Singapore Refining company is in business
    429 1 SINOAPORE Petroleum Company, BP Singapore and Caltex (Asia) are now partners In a new refinery company known as Singapore Refining Company. This follows the signing of a joint venture agreement late Wednesday evening. The new company is expected to make an official announcement today.
    429 words
  • Article
    Rubber output up
    108 1 PENINBULAR Malaysia's rubber production In May rose to 103,200 tonnes from a revised 86,020 tonnes In April and 99,591 tonnes In May last year. Statistics Department figures show production for the first five months totalled 545,997 tonnes, slightly lower compared with 580,133 tonnes in the same 1977
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      10 1 COPIES ANYTHING, FITS ON A TABLE TOP SEE BACK PAGE
      10 words
    • Advertisement
      Page 1 Advertisements Column 2
      156 1 When all banks are pretty much the same, ACBC service makes the difference. Everyone knows that all banks offer pretty much .the same facilities to their But what makes one bank better than thte o ther is its service. Whether you are opening a letter of credit or you need
      156 words
    • Advertisement
      Page 1 Advertisements Column 3
      81 1 *~>)~}>?*,==)+"+.|=}%-<>]/;=:!| SHIPPING TIMES EXPORTERS don't know what REPORTS on merit and they are missing in Indonesia 2 demerit scheme by 14 croupe 7 PEOPLE in bueineee 2 MALAYAN Flour Mills moat PROMET and Jardina look to diversification 7 Offshore expand facilities 5 CONSOLIDATED Hotels .CAPTIVE insurance firms turn sharp fall
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    • Advertisement
      Page 1 Advertisements Column 4
      91 1 SINTAT Rent-a-Car .VijlSingapore: *****55, *****5 (Airport) Kuolo Lumpur: *****4 Penong: ***** Kuonton: ***** Catch the super speed special from Oc6 f> i' I oce tremendous success in Europe and America, the Oce 1700 is now introduced in Singapore. Revolutionary flash exposure combined with Oce's special toning system results in copying
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Exporters told of Indonesia's vast potential
      384 2 MALAYSIAN manufacturers and traders are missing opportunities to supply the Indonesian market. Indonesia, with a population of 135 million, provides a vast outlet for a wide variety of consumer and Industrial goods that the Malaysians have not taken advantage of. Although Its per capita
      384 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      280 2 FEP International Pte Ltd has announced three new appointments. Mr. Jqhn Isaacs has been made deputy chairman. Mr. Isaacs Joined the company in 1964 as an editor and later was sent for editorial training in the UK and upon his return was appointed chief editor till 1969
      280 words
    • Article
      Ceramics plant to double output
      153 2 ORIENTAL Ceramics Sdn Bhd, a Malaysian-Japanese Joint venture has obtained a Mil 5 million loan to enable it to double Its operations and move Into the export market. The company plans to spend $3 million on the exenslon of Its factory at tu Pa hat
      153 words
    • Article
      Kneip assures Asean
      129 2 THE UNITED Statee firmly sup ports Asean and will ce•pmto with the regional grouping, said the new US ambassador to Singapore. Mr. Richard Kneip. who arrived hsee yesterday, abe Mid .he will maintain the Cd relationship the L 9 with the Republic. However, he was unable to
      129 words
    • Article
      C&E TOURS BUILDING PROJECT
      111 2 C and E Tours Holdings has Tistawd into property development with the takeover of an 11-storey ■hopplng-cum-offloe building project at Orchard Road The building will he opKite the Specialists' tre and is expected to eost $10 million. It is scheduled for completion la a year's time.
      111 words
    • Article
      Soda-ash venture
      54 2 SOUTH KOREA'S Oriental Chemical Industry Co has won a US$4O-milllon (Ss92 million) contract to build a soda-ash plant in Peru. The Korean firm beat bidders from the US, Japan, West Germany and France. nual production capacity of 70,000 tonnes, will be operated by a Korean Peruvian Joint company
      54 words
    • Article, Illustration
      Reviewing wiring codes
      331 2 CODEB and rules for electrical installations should be reviewed and revised continually, taking into account changing local needs and conditions. Mr. Llm Chee Onn. MP for Buklt Merah. said Singapore can follow codes formulated in the developed countries but, "the Important factor In considering codes formulated overseas
      331 words
    • Article
      KL investment climate is most attractive
      235 2 THE LAST 10 years have shown that the Malaysian "Investment environment" is good and one of the most attractive In the Asean region, said Mr. Y. Nakagawa, president of Topla Limited, one of Japan's biggest plastic manufacturers. Mr. Nakagawa, speaking at the 10th annlversanr
      235 words
    • Article
      Cement plant order
      141 2 CHINA plans to Import large cement plants from i Japan. Four Japanese heavy ma- 1 chlnery makers nave 1 recently received Chinese Inquiries for the plants, said to be worth about US$l5O to $200 million (***** million to $460 million). i China wants to build t plants
      141 words
    • Article, Illustration
      NEW STACK KEEPS MIM HUMMING
      305 2 MIM Holdings Ltd hat built a 270 m tall smelterstack at Mount Isa in north eastern Australia to help overcome air pollution which is costing the company up to AS 12 million (3531 million) a year In plant shutdowns. The stack is the latest addition
      305 words
    • Article
      From factories to apartments
      208 2 AFTER weeks of unofficial reports there Is finally confirmation that some Hongkong factory owners have thrown in the towel and have turned to the lucrative property market. Textile manufacturers are among them. Confirmation came In the form of two questions from a Chinese Councillor at Wednesday's
      208 words
    • Article
      MEMO PAD
      490 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance institute Associateshlp 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, NPB office, NPB Aug 7-29: Marketing management, Holdlay Inn,
      490 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      137 2 NOW in FONTAN paperback 3"OS^ IS#®?. 15 fc u ■f I "Power and poignancy descriptive brillance." THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are no heirs fit to suceed the Taipan
      137 words
    • Advertisement
      Page 2 Advertisements Column 2
      78 2 African Development Bank U.S. $40,000,000 Floating Rate Notes due 1983 For the six months 27th July 1978 to 29th January 1979 In accordance with tha proviaiona of tha Not#, r>otica m haraby givan that tha rata of intaract haa baan fixad at 9* par cant and that tha intaraat payabta
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      691 2 I I I L -11-OIE CROSSWORD CRYPTIC PUZZLE ACROSB 4 Sausage from a girl friend <•> 7 Extraordinary meeting to arrange a fake tour (5-3) 8 A performance I have to get busy with (6) 10 Sewer water containers? (5) 13 Great times (4) 14 Just one drink too many
      691 words
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  • OVERSEAS
    • Article
      Lock icon Impact of higher UK oil tax assessed
      882 3 DEVELOPMENT COSTS VITAL Reuter THE IMPACT of Increased British petroleum revenue tax will largely depend on the development costs of a fields. The capital spending deduction, although reduced to 135 per cent from 175 per cent, will still favour companies with relatively high
      Reuter  -  882 words
    • Article
      Lock icon IMF GOLD RECORD
      304 3 Reuter AP THE IMF on Wednesday auctioned 470,000 ounces of gold at an average price of U*****.28 an ounce. It also sold 70,000 ounces to developing nations at the same average price on a non-competitive basis. The price was the highest for the monthly auctions in recent
      Reuter; AP  -  304 words
    • Article
      Lock icon UK talks on coffee quotas
      314 3 AP PRODUCER and consumer nations in the executive board of the International Coffee Organization have scheduled an export quota negotiating session In London from Sept. 13-30 to cope with low and erratic coffee prices. Board chairman George P. Ford of Britain said that the meeting
      AP  -  314 words
    • Article
      Keeping tabs on farm holdings
      115 3 ALL FOREIGNERS who own or acquire farms, ranches or woodlands in the United States will now have to report their holdings to the US Secretary of Agriculture. The new legislation was approved by the House of Representative* agriculture committees panel on family farms and rural
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    • WORLD IN BRIEF
      • Article
        INFLATION TREADMILL
        624 3 THE UNITED States must find a wny to get off the Inflation treadmill of wages chasing prices or it could be heading for a recession, said Federal Reserve Board Chairman William Miller. He said on television on Wednesday that he expects some slowing in inflation In the second
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    • Article
      Lock icon US dollar bonds hold firm
      299 3 Reuter THE US dollar's weakness against the yen and Swiss franc this week has left the dollar sector of the Eurobond market virtually unmoved. Dealers said the market appears unperturbed by prospects of the dollar, now at historic lows, and declining further. While the yen's
      Reuter  -  299 words
    • Article
      Outlook rosy for Aussie share market
      386 3 SHARE market lulyiti continue to be optimistic •boat the outlook for the Australia* ahara market through to the end of the jraar. Analysts la Sydney and Melbourne said the deciina inflation rate, the possiy of further intereet rate tails, strong foreign intereet and continued
      386 words
    • Article
      Lock icon Swedes emerge from decline sadder but wiser
      841 3 NYT SWEDEN'S abrupt economic decline, which ended three decades of unbroken post-war prosperity, seems to have been halted. But politicians, economists and businessmen in Stockholm disagree on two key questions: Is a real recovery under way? Also, will this heavily Industrialised Nordic country
      NYT  -  841 words
    • Article
      Lock icon Citibank treasurers of Brussels and Paris branches quit
      953 3 NYT CITIBANK said that two officers who had directed the bank's money market and foreign exchange operations in Paris and Brussels had resigned. The disclosure on Wednesday by New York City's largest commercial bank came on the heels of charges by David
      NYT  -  953 words
    • Article
      Steel institute hails drop in imports
      460 3 A DECLINE In US steel imports in both May and June was hailed as a "positive sign" by Mr. Lewis Foy, chairman of the American Iron and Steel Institute. Mr. Foy, who Is also chairman of Bethlehem Steel Corp., said he hoped the dip
      460 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      123 3 11 li 3 A 0> M t i i vi i H U i For the man who knows Our male customer* don't need to be shown the beet They already know what is die best They know that Americaya has the finest of imported shoes, which are made of
      123 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      397 4 THE Singapore rubber market yesterday closed slightly lower with August One RSS buyers quoted at 229.25 cents per kilo, down half a cent from Wednesday's close. The afternoon session was quietly steady on some localised demand and upcountry buying, dealers said. Morning prices finished slightly easier
      397 words
    • Article
      RAS PRICES
      342 4 Price# In cents per kilo yesterday: Noon (per kilo) ClOM (per kilo) Int 1 R.S.S. prompt f.o b. Int 1 R.S.S. August Int 1 R.S.S September Inl 2 R.S.S. UK/Cont. Int 3R.S S. UK/Cont Int 4R.S.S. UK/Cont. Int 5R S S. UK/Cont. Buyers 229.75 229.75 229.75 221 00
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    • Article
      SSR AND SMR
      103 4 NOON SSR and SMR prices yesterday: AuguM September RAS (Current Mth) (rOI rward Mth) Buyer* Seller* Buy* v Seller* (emu par kf) <cei ■taper kg) SSR 20 (1-ton pallet) 208.00 210 00S 210.00 212 OON SSR 50 (1-ton pallet) 207 00 209 OON 208 00 210.00N MRELB
      103 words
    • Article
      Palm oil
      72 4 C.i.F North European porta. In US dollars per tonne unless otherwise staled LONDON: Wadnawiay Pr«vlou« Malaysian b% ffa bulk per tonne September October Sumatra 5H ffa bulk August September October November December IS5S3 if unq 532 sir 585/580 pd 555/545 pd 542W/53T?Wpd 535 pd 535 Dd Nigeria 5%
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    • Article
      Closing prices
      32 4 Rubber: Aug 3 Singapore: August 229.25 cents (down half a cent) Malaysia: August 235.25 cents (down 0.75 cent) Tin: M 51.725 (up $5) Official offering: 196 tonnes (down 80 tonnes)
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    • Article
      Silver
      174 4 THE Hongkong silver market yesterday closed HK SI higher to HK5262.00 per 10 ounces In continued quiet trading, with turnover estimated at 10,000 ounces, dealers said. The local close was equivalent to 5.6091 US cents per ounce, marginally higher than Wednesday, New York August close of 5.5250 cents. The
      174 words
    • Article
      Rice
      208 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollar* per tonne F. 0.8. basis Bangkok) While Rice: 100 pet l*t class 407. 100 pet 2nd class 392. 100 pet 3rd claas 387. 5 pet 382. 10 pet 357. 15 pet 352. 20 pet 347, 25 pet 332.
      208 words
    • Article
      Produce exchange
      402 4 THE Singapore produce market continued to consolidate yesterday. No business was done for copra and coconut oil and an oil miller said trading was expected to be In abeyance for a while more. Coffee, on the other hand, reflected slightly firmer sentiment on talk that producing countries such
      402 words
    • Article
      Hongkong Comex
      165 4 THE Hongkong sugar futures market yesterday closed 0.30 to 0.40 US cents higher In continued quiet trading, with most commission-house activity sidelined and little trade Interest noted, dealers said. The Hongkong dally spot sugar price rose 0.29 to 6.00 cents, In line with Wednesday's New York September close
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    • Article
      SPOT PRICES
      190 4 YARN and cotton In Hongkong dollars. spot ex-godown: Cot 1011 fan: China Blue Phoenix 20s 1,790; 33a 2.240; 40* 2,340 (par bale of 400 tba). Pieee Good*: China Butterfly and Olobe Brand una. Dracon Headunn Five Lambs unq, Flower and Butterfly unq. Flying Oeese unq (per piece 36
      190 words
    • Article
      Coffee
      341 4 THE coffee terminal market In London yesterday opened £20 to £5 per tonne down in a turnover of 164 lots. The market initially lost £40 In thin dealings on buyers' reserve In the race of widespread selling Interest. However, some shortcovering halted the decline when sellers appeared reluctant to
      341 words
    • Article
      Straits tin
      192 4 THE STRAITS tin price In fen*ng yesterday gained Mss to $1,725 per picul. The market's small rise reflected further local and US demand, London's steadier closing and lower tin supplies from miners, dealers said. Turnover dropped to 195 tonnes from 275 tonnes on Wednesday, with no rationing seen.
      192 words
    • Article
      Sugar
      350 4 TERMINAL sugar In London yesterday opened £1.45 to £1.25 per tonne higher than Wednesday afternoon's closing levels and up to £2 over the kerb. Turnover totalled 458 lots. The advance was attributed to followthrough interest from the firmer trend of Wednesday afternoon. However, dealers gave no explanation other than
      350 words
    • Article
      Cocoa
      327 4 TERMINAL cocoa In London yesterday opened with little change at an extremely quiet first call. Only one lot changed hands. Dealers said the market lacked fresh incentive. They said origins were not pressing although the sources said Ohana would probably be looking at bids for Jan/ March at below
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    • Article
      Soybean
      119 4 CHICAGO soybean futures closed down lo Vk US cents a bushel on spillover selling from the grain pits on Wednesday. Late local selling mainly In the November contract and commission-house stop-loss selling kept the market on the defensive, traders said. But exporter buying, believed linked to purchases of US
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    • Article
      Wheat
      107 4 WHEAT futures, closing at or slightly above the day's lows, fell two to 5 Y» US cents a bushel in Chicago on Wednesday. Traders said aggressive late local and professional selling and commissionhouse stop-loss selling drove prices lower. But exporter buying, possibly linked to pending wheat tenders by Pakistan
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    • Article
      Copper
      284 4 COPPER wire bars finished the morning up £2.5 all round in London yesterday. The early boyancy reflected the bullish construction put on the US mint tender by dealers as the tonnage went to merchants rather than producers at fully steady prices. Also aiding the trend was an expected further
      284 words
    • Article
      Zinc
      126 4 ZINC finished the morning down £1.25 for cash ana £0.5 for Three Months in London yesterday. This metal went against the trends In copper and lead as scattered proflt-ta-klng and hedge selling came to a market lacking significant fresh physical demand, traders said. Three Months traded at £323 inltally
      126 words
    • Article
      Lead
      118 4 LEAD rose by £5 for cash and £3.5 for Three Months in London yesterday. Prices advanced on covering against fairly strong US physical demand, dealers said, and some chart buying up to £325 per tonne for Three Months. At tne same time, the movement narrowed the contango to £6
      118 words
    • Article
      Gold
      542 4 THE KILOBAR in Singapore yesterday opened at 5514,864 and closed at $14,786. The highest and lowest of the day were $14,911 and $14,786 respectively. Trading was light for this market. Spot gold for London delivery opened at a high of U*****.70/204.00, went up to the highest of U*****.50/80 before
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        561 4 THE US dollar fluctuated against the yen and the mark on the foreign exchange market yesterday. However, the dollar closed firmer. In nervous trading, the US currency was brought up to 188.50/00 before the close of the Tokyo exchange, after opening here at 186.00/10. However, Tokyo's close saw
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      • Article
        Asian $ & CD rates
        206 4 Asian CD rates ASIAN currency deposit interbank rates as at close on Aug 3: US Mltn (Spot) Oflkr BU 7 days 1 mth 2 mtlu 3 mtlu 6 mtlu 8 mtlu 12 mtlu ...S 1/S .S Vl« 5/16 ...8 1/2 .S 7/8 ...8 1/16 1/S Bw. fn. (MIMlaP 8 8
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      • Article
        Discount
        49 4 RANGE of price* orfered by discount houies on Aug 3: Overnight 3HH Call deposit* 3%% to 3SS CUmIM Bvyiac 8*lhn« I won til Treasury bills 3 3/B 31/4 3-month Bank bills 5 15/16 5 13/18 3-month CD 63/16 61/16 6-month CD 61/4 61/6 Source: National Discount Co. Ltd.
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      • Article
        MLR
        21 4 THE average rat* at which Singapore banks ere currently prepared to lend to their beet customer* is 7 per cent.
        21 words
      • Article
        Euro $ rates
        78 4 Euro rates LONDON Eurodollar deposit rates yesterday opened basically steady but with a slightly softer undertone in continuing quiet early trading, dealers said. Eurodollar deposit* opening quote* on Aug: I: Overnight 23-1/1. 23-1/4 Weekend 3. 2-7/0 MorvTuss and call 2 days 0. 7-7/0 Beven days fix and notice 0-1/10, 710/10
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      • Article
        London
        251 4 THE dollar yesterday rose above Its Tokyo close against the yen amid European buying on continued expectation that Japan will introduce controls to brake the strength of its currency. Trading volume was average as operators covered short dollar positions. The US currency's firmness against the yen pulled It broadly
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      • Article
        New York
        212 4 THE dollar weakened In relatively quiet trading on Wednesday to finish below Tuesday's closing levels in most cases. Dealers said the US currency showed a fairly steady decline throughout the day, reflecting a continuation of the pattern of recent sessions, with no new developments affecting trading. They said
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      • Article
        Tokyo
        197 4 THE US dollar for overnight delivery yesterday closed sharply higher at 188.80 yen, up from a 186.10 opening and 184.70 at the close on Wednesday. The dollar rose sharply throughout the day, with some fluctuations, reaching a high of 190.10 at one point towards the close on active buying
        197 words
      • Article
        Hongkong
        155 4 THE US dollar yesterday firmed against all currencies in line with Tokyo In hectic, nervous late trading. It rose to 188.70/189.00 yen on short-covering from New York's 186.30/40 close after opening lower here at 185.80/ 186.00. Dealers said the dollaryen rate fluctuated widely throughout the day amid frenetic activity
        155 words
      • Article
        Zurich
        51 4 ZURICH exchanges closing quotes on Aug 2: US 1.7160-7175 Stg 3.3064-3111 Can 1.5060-5112 D Mk #4 0662-1951 On 77.7964-9431 T Ft 39.3217-3946 B Fr 5.3207*3354 O Kr 30.9106-9560 N Kr 31.0732-32 0224 8 Kr 30.0703-1312 Ut 0.2036-2040 Aus ach 11.6616-0791 Port 3.7701-7066 Spain 2.2440-2475 Art 0 21-31 Yen 0
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      • Article
        Australia/NZ
        57 4 AUSTRALIA and New Zealand exchanges on Aug 3: AUSTRALIA: US dollar 1.1616/ 1.1*60 Sterling 0.0034/ 0 5004 Ninety-day airmail buying rates: Sterling 0 0230 US dollar 1.1001 Ninety-day forward buying rates: Sterling 0 0038 US dollar 1.1067 NEW ZEALAND: Sterling 0.0400/ 0.5450 US dollar 1.0003/ 1.0003 Ninety-day airmail buying
        57 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      157 4 COLLKTINQ Oriental (humej by Judith Moorhouse and Dries Blitz ra Hamlyn Qroup, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by
      157 words
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  • TRANSPORT
    • Article
      Lock icon Boeing sales taking off with B767s
      432 5 AP Reuter THE BOEING Co. says It has received orders for 13 Jets from companies in Thailand and California including 10 767s which would not be built for another three years. The company could get a leg up on European sales of the new
      AP; Reuter  -  432 words
    • Article, Illustration
      Expansion plans to cost JOP $22m
      624 5  -  By PETER CHIA THE merger of Promet and Jardlne Offshore will be completed next month and the new group, Jardlne Offshore Promet (JOP), will Invest $22 million to expand Its facilities. The two groups are major susldlarles of Jardlne Matheson (SEA) and form the
      624 words
    • Article, Illustration
      FOR JET-SETTING EXECS
      66 5 LOCKHEED-Georgia Jet Star II an international executive jet, recently made a round-trip to London from Marietta (Georgia), US with only one stop each way. The efficient Atlantic crossings were made possible by the capability and flexibility of the Jet Star II airplane and the accuracy of Jet
      66 words
    • Article, Illustration
      SHIPS IN PORT
      361 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Seta war (0530) 18 Ibn Khaldoon (after DJatiluhur) 47 Iwerl (0700 after King Dragon) 24 Nedlloyd Fukuoka (0800 after Nedlloyd Sinoutskerk) 3/4 Perak (2100 after Temburong) 21 East Polo (1200 after 29/30) Straits Star (0730 20 Suva (0600 after Toyofujl Maru)
      361 words
    • Article
      Marine directory an image booster
      360 5  -  By RAHIM KASSIM THE PUBLICATION of a comprehensive directory of the Republic's marine Industry. is a boon to the local yards In their efforts to secure new orders. The Shipbuilding and Repairing in Singapore '78 Directory, published by the Singapore Association of Shipbuilders and Repairers
      360 words
    • Article
      Britons may be hit by more delays
      206 5 BRITISH flight controllers have demanded a big cut in the number of planes bypassing French air space by flying over the Atlantic on the grounds of safety. If Britain's Civil Aviation Authority agrees, this Is bound to Increase the chaos and delays at
      206 words
    • Article
      Lock icon Dell tosses out appeal
      252 5 Reuter AP UK SECRETARY of State for Trade Edmund Dell dismissed an appeal by British Caledonian Airways against the Civil Aviation Authority's decision to approve applications by Laker Airways for a Skytraln service to Los Angeles, the Department of Trade said in a statement. The department
      Reuter; AP  -  252 words
    • Article
      Pacific Far East goes under
      127 5 PACIFIC Far East Lines (PFEL) was declared bankrupt on Wednesday, setting the stage for immediate liquidation of assets worth an estimated USSIS2 million (***** million). The debtors Is adiudlcated bankrupt, said 'ederal bankruptcy Judge Lloyd King after a two-hour hearing for the shipping line that
      127 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      274 5 UPI NO FURTHER transatlantic grain fixing was reported from the US Gulf to Europe, but US Gulf/ Japan grain rates revealed continuing tendency towards slightly firmer rates on Wednesday.However, marginal firmness seemed confined to August positions,- with September payments looking relatively weak. An August loading Sanko vessel
      UPI  -  274 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      741 5 ARRIVALS Service Local From Operator Number Time PAA PA005 0115 SFO/HKQ MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025 BWN OIA OA980 1030 HLP
      741 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      128 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Coll us foi you. local or onward reservations YOU NEED AN INTERCOM YOUR RECEPTIONIST NEEDS AN AIPHONE When you instal an Aiphone In tercom System in your office, your Receptionist can actually stay at the front desk Instead of chasing you
      128 words
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  • Article
    Remove those ulcers even if it hurts
    493 6 FOREIGN MINISTER S. Rajaratnam's hot words against the recent wave of protectionism among developed countries do not merely reflect the worries of Asean members. Such worries are shared by most, if not all, developing countries who are now finding it tougher making a
    493 words
  • Article, Illustration
    Lock icon Insurance captives are capturing too
    1858 6  -  By LISA BERGSON NYT THE INSURANCE Industry calls them captives companies set up by major United States corporations to Insure their own special risks. They bask In tax-free Bermuda an unlikely group to cause a stir In the International Insurance market. But In the last
    NYT  -  1,858 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      314 6 wm L mm m K Not a drop is sold Till it is 12years old Another quality product from I Hotel Royal-RAMADA Newton Road, Singapore 11, Republic of Singapore Telephone: *****1. Te«ex: RS-***** Cables: HOTELROYAL 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around
      314 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: No rain. Report for 24 hours prior to 7.30 p.m. on Aug 3 at' the airport: Maximum Temperature 32.2° C Associated Humidity 56 Minimum Temperature 26.0° C Associated Humidity 94 Hours of Sunshine 4.65 Rainfall in Millimetres Nil Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      241 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee My Love Never Returned (Repeat) with superimposed English/ Chinese subtitles A Mandarin feature film 4.25 Intermission 6.05 Opening announcements followed by Exercise With Gloria 6.30 News in Brief 0 6.35 December Bride Butler Show 7.00 Persembahan Ku (Malay) 0 7.30
      241 words
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  • Article
    ON MERIT AND DEMERIT SCHEMES
    1038 7 The first concrete steps towards meritdemerit scheme will be taken tomorrow when the National Productivity Board (NPB> meets the chairmen and rapporteurs of 14 workshop discussion (roups sot up at the recent widely attended National Seminar on the scheme. There should bo no illusions, however,
    1,038 words
  • Article
    Don't expect a tailor-made plan
    1493 7 schemes to be introduced on an experimental basis. Three members are already in the final planning stages. The group recommends a follow-up seminar for each industry or service. This follow-up should strive to meet the specific needs and objectives of both employer and employee from
    1,493 words
  • Article, Illustration
    STRAWS IN THE WIND
    274 7 SINCE this columnist has shown some concern over the fate of the 20 year-old Tang Suanh Klong temple In Henderson Road, scheduled for demolition on Wednesday, the day before yesterday, It is only right to say "Thank you" to the Housing Board for an enlightened decision
    274 words
  • Article
    Manila's wish is father to the thought
    1039 7  -  FORUMS on Aseon ■y JOHN DRYSDALE A REPORT from Manila last week that the Philippines will be joining the ranks of oil-producing nations next year came as something of a surprise; especially the projected 40,000 barrels a day (b/d) nearly one-quarter of Malaysia's
    1,039 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      335 7 New Japanese Restaurant KIKU^I serving authentic Japanese food TepfxinYikki *Temfxira Shashimi *Sukivaki *ShabuShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel: *****2 214. Dunearn Road Singapore 11 > j&j Feast at \i v You 11 feast like royalty at the Rang Mahal, Palace at Coloun. On our daily menu are the lame
      335 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      55 7 BriStaW.'FtenkDicketis 4 Dom'T sAefvk To rnev— P>ecUT fcftiTiSH «f*>u \sx*> or (3GP*ie*NG> ..i'f IT COST me 25 p To IfcAVe CP*. IN TMt RP»LU)PtV UHPrr pk U&eRTy OKi top or T H eie v p*Res t»4£>{ evejsi np»v£ Tne TO 2bp D&N Foe CAR PRfcKiNG f IT SHOOLO Be FgOL
      55 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Institutional buying a boost to Paris
      565 8 EUROPEAN MARKETS THE PARIB market rose on Wednesday following two days of consolidation, on Institutional and foreign Investor buying and operator sentiment boosted by the cut In call money to 7-Vfc per cent. Some money dealers said call money could fall to 7 per
      565 words
    • Article
      Paris
      263 8 .AUG 05 rr» *i?u COBBUI T Alr-Liqulde 338.90 ♦5.9 .B8N Qervals Danone 543 ♦7 CS FlThomsonCif) Cle FrancaUe desPetroles 145 20 +2 2 Compagnle '""Flnanclere Compagnle Oenerale 395 +8 Credit Fonder De France 388 +5 Hachette (Llbralrle) 239 +4 Machines Bull 47 +0.6 Mlchelln(B) 1350 +20 Partbas 184.80 +3.3
      263 words
    • Article
      Frankfurt
      208 8 AUG 02 Dm Aef-Telefunken 77 20 •1.4 Akzo 2«B AUz Leben 895 AUz Vers 477 +3 BASF 133 70 -0.9 BayHTWbank. 286 Bay Vbank 325 B Bayex 138.70 •1.3 BBC 312B BMW 230 50 unch Cassella 380 +5 Chem Verw 262 50 -1.5 Commerzbank 230.80 +0.8 Contl Oummt 80.10
      208 words
    • Article
      Amsterdam
      203 8 AUG 02 Fla ABN 364 00 -0.5 Ahold 108.00 unch Akzo 3190 +0.2 AMEV 84 40 +0.9 Amfas 108 00 +2 Amrot Bank 78.50 +0 2 Bergo&s 52 50 +0.4 Berk 94.50 +0 7 Bo Is 7100 +0.4 BorsumlJ 156 00 +2 Burhmann 71.20 unch Byenkorf 93 50 unch
      203 words
    • Article
      Zurich
      182 8 AUG 02 Franc# Action* Suisses 265 5 unch Alusulsae Br 1233 -15 Alusulsse Reg 520 -5 Brown Bovert Br. 1840 -10 Clba Oelgy Br 1055 -9 Clba Qelgy PC 775 -23 Clba Oelgy Reg. 580 -3 Credit Suisse Br 2180 -5 Credit Suisse Reg 410 unch Elektrowatt Br. 1855
      182 words
    • Article
      Brussels
      92 8 AUG 03 Fr» FORWARD MARKET Acec 375 +30 Arbed 2455 10 Astur s«a +8 Brascan ♦08 8 Bru-Lamb 1535 -20 Canpac 598 +4 Cock ♦54 +2 De Befrs 211 •1 Ebes 2285 -10 Electrobel 8810 unch Ob-Inno-Bm 2320 10 Q«v 1318 -4 Hobok 2375 20 Petro 3800 +50 Ryl
      92 words
    • Article
      Milan
      104 8 AUG 02 Urc Anlc 120 75 -4.5 Assoc <J*n ***** 180 Bastogt 507 •1 Centrale 3815 17 Flat 1835 12 FInslder 148 50 +2 On Immob 75 -1 IF! Prl 2290 +2 Italcementl 1280p 180 Italgas 701 15 5 Italslder 308 75 12.u5 Magneti M Pt 484 1 Marelll
      104 words
    • Article
      Selected indices
      68 8 FINANCIAL TIMES INDUSTRIALS Wednesday 495.3 Tuesday 495.5 Week Ago 482.0 DOW JONES AVERAGE INDUSTRIALS Wednesday 883.49 Tuesday 860.71 Week Ago 847.19 LONDON DOLLAR PREMIUM Wednesday 100K to 100* Tuesday to 100* H.K. HANG SENG Thursday 592 43 Wednesday 592 96 Week Ago closed SYDNEY INDUSTRIALS Thursday 438 69
      68 words
    • Article
      Toronto
      265 8 SHARP gains in metals, management companies and real-estate issues on Wednesday pushed the composite Index up nearly 10 points to Its highest level since March 29, 1974. Trading was active. Oalns outnumbered tossed 302 to 189. Noranda A Jumped 3*3/4 to 333/4 and Imperial Oil A put on 3/4
      265 words
    • Article
      Jo'burg
      302 8 AUG 62 Rand 4/INDUSTRIALS A Alpha Abercom AE And a AMIC Barlows Cg Sugar CNA Currie Finance De Beers Ind Edcon Edgars Eveready Fed Voile Fuglt Oardlan Oienanl Oratemn Hippo Hi veld Huletts Liberty Lonrho LTA M And R Mccarthy Metbox Nedsurl OIL Ok Bu Oudem Pep Plknpay Plate
      302 words
    • Article
      STOCKS AHEAD
      1165 8 NEW YORK BTOCKB bounded ahead on Wednesday in the heaviest trading since early June, propelled by hopes that Interest rates may plateau and Inflation moderate over the rest of the year. The Dow Jones Industrials ctltnbed 22 points to their best level of the year and winners paced
      1,165 words
    • Article
      Prices rise slightly
      449 8 TOKYO SHARE price* doted slightly higher yesterday on fresh buytag in export-orientated issues following the sharp dollar recovery, dealers said. The market average rose 5.90 points to 3,556.72 with volume 250 million shares. The Tokyo Stock Exchange index cloeed at 420.M, up 0.83. Electrical*, vehicles and cameras
      449 words
    • Article
      Lock icon Hongkong
      415 8 Source: SHK Sec ANOTHER active day on the exchange yesterday, saw many features with the Index gaining In early trading but closing almost unchanged. Attention was diverted for a change from HK Wharf to Cheung Kong following the placement of 13.76 million shares from Haw Par at HKSI9.BO. The
      Source: SHK Sec  -  415 words
    • Article
      Sydney
      397 8 THE market was generally lower yesterday, although BHP closed six cents higher at A 57.82 after falling to $7.72 In early trading, dealers said. Pancontlnental lead uraniums lower, falling 70 cents to >16.30, while Peko lost four cents to $5.86 and EZ Industries. five cents to $2.80, although Queensland
      397 words
    • Article
      Manila
      154 8 THE MARKET closed mixed yesterday, with commercials and mining posting declines while oils gained slightly, dealers said. Turnover fell to 22.38 million pesos from Wednesday's 27.03 million. Gainers were Basic Petroleum, Pioneer, Seafront and Vulcan while Acoje Mining, Atlas Con B, Bagulo Gold, Benguet Con B, Lepanto B, CDCP
      154 words
    • Article
      CHICAGO BOARD OPTIONS
      1563 8 August 2 CHICAGO Board Options Exchange volume rose to I 211,893 contracts on Wednesday from Tuesday's 139,412. OPTIONS OCT JAN APL STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AUR AtlR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am Bank
      1,563 words
    • Article
      Bangkok
      271 8 THE MARKET closed mixed yesterday, dealers said. The Book Club Index rose 0.20 point to 158.65 on a turnover of 107.1 million baht. Among losers, Bangkok Bank dropped two baht to 370, Bangkok investment six to 312, First Trust eight to 260, Lee Kwang Ming Trust two 239 and
      271 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      176 8 ONE GOOD PUBLICATION THAT'S worth a thousand watts If you're into hi-fi, you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve his listening pleasures. Wouldn't it be worth your while to make a mere
      176 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Union Pacific improves second quarter income
      250 9 Reuter UNION PACIFIC Corporation said its second quarter net profit rose to U5563.5 million ($1.34 a share) from $54.7 million ($1.15 a share) a year ago. Revenue Increased to $738.8 million from $617.7 million. For the six months, Union Pacific's profit was $119.6 million
      Reuter  -  250 words
    • Article
      Lock icon Court restrains Ashland bid
      131 9 Reuter TOSCO CORP said the US district court for the central district of California has issued a restraining order halting further purchases or negotiations for shares of Tosco by Ashland Oil Co Inc. Ashland in a July 28 letter to Tosco had expressed Its possible intention
      Reuter  -  131 words
    • Article
      Lock icon Grindlays hits £19m mark at half-time
      331 9 FT WITH OVERSEAS earnings, especially in India and the Far East, at its main subsidiary Orindlays Bank showing an encouraging increase. Grindlays Holdings expanded taxable profit for the half-year to June 30, 1978, by t'3.36 million to 118.98 million. Tax for the six months
      FT  -  331 words
    • Article
      Assoc. Engineering outlook
      94 9 ASSOCIATED Engineering Ltd said pre-tax profits In the year ending Sept 30 will be between £28 million and l'3o million against £32.46 million the previous year. Tnis will be after charging i'l.2 million of redundancy and retirement costs, the company said in its formal offer document for
      94 words
    • Article
      Lock icon Lockheed clears bankruptcy hurdle
      686 9 N.AMERICAN NYT BACK IN 1974, the Lockheed Corp was in a tailspin. Its new product, the L-1011, a wide-bodied aircraft, was doing poorly, making almost no headway against the MacDonnell Douglas DC-10, which had captured most of the market for aircraft in the 2/O-passenger class. The
      NYT  -  686 words
    • Article
      Lock icon OLINKRAFT CENTRE OF BIDDING WAR
      789 9 NYT WILL A bidding war, as some anticipate, develop over Ollnkraft Inc, the paper products company that agreed to merge with the Texas Eastern Corp? That could explain the present buoyancy of the shares. Ollnkraft shares, after announcement of the takeover terms, rose 3 points
      NYT  -  789 words
    • Article
      Lock icon Iran completes Krupp deal
      423 9 f EUROPEAN FT ESSEN: Fried Krupp OmbH, the West Oerman engineering, steel and shlpbulldlns group still smarting from the effects of recession, is now a quarter owned by Iran following the completion of a DM 870 million deal last week. In the final stage of the
      FT  -  423 words
    • Article
      Lock icon Petrofina SA falls
      276 9 Reuter BRUSSELS: Petrofina SA said its consolidated profit for the first half of 1978 fell slightly to 2.23 billion francs from 2.25 billion In the same 1877-pertod. Petrofina said the results In the first half of this year were Influenced by insufficient prices for Its finished products,
      Reuter  -  276 words
    • Article
      Lock icon Analysts favour Xerox, IBM settlement
      274 9 Reuter WALL STREET annlvsts generally regard aa poeitive for both parties the agree meat announced by International Buaineae Machines Corp and Xerox Corp to and their eight-year old diepute over patent right*. With the litigetfea-related uncertainties out of the way, the analysts believe both companies
      Reuter  -  274 words
    • Article
      Lock icon WHO'S WHO AT PHILIP MORRIS
      78 9 Reuter PHILIP Morris Inc, a leading cigarette manufacturer, said that George Welssman was elected chairman of the board and chief executive officer, effective Nov 1. He replaces Mr. Joseph F. Cullman 111, who becomes chairman of the executive committee. Mr. Ross Mlllhlser was elected vice-chairman
      Reuter  -  78 words
    • Article
      Steel Co.
      51 9 STEEL Co of Canada Ltd said second quarter net earnings per share came to $1.40(11.13) on net profit of $37.4 million ($29.0 million). Sales were $488.8 million ($375.4 million). For the first half period, earnings per share came to $2.31 ($2.02) on net profit of $02.5 million ($51.0
      51 words
    • Article
      Lock icon Bic moves into pleasure craft sector
      275 9 FT THE FRENCH group Bic', known chiefly for its throwaway ballpoint pens and lighters, is moving further Into the fragmented sector of pleasure craft. It Is calculated that some 130 companies share an annual turnover of about FFr 050 million, and only 20 or
      FT  -  275 words
    • Article
      Lock icon GM retail sales make record
      551 9 Reuter GENERAL MOTORS Corp said retail sales of OM cars and commercial vehicles outside the U8 and Canada In first half 1978 rose 10.2 Kcent to a record 962,288 m 872,939 a year earlier. The total was 6.5 per cent ahead of the previous record
      Reuter  -  551 words
    • Article
      Lock icon General Foods sees fluctuating profit
      333 9 Reuter THE GENERAL Foods Corporation and Nabisco Inc, two leading food manufacturers, reported higher profits for the latest quarter compared with the same period a year ago. General Foods said Its profit for the first fiscal quarter, which ended July 1, rose 12 per cent
      Reuter  -  333 words
    • Article
      Lock icon Quantor, NCR agree on merger terms
      220 9 Reuter NCR CORP said it agreed In principle with Quantor Corp under which NCR will acquire Quantor for about US$7.5 million in cash. It said the acquisition Is subject to negotiation of a definite agreement and approval by both companies' boards of directors and
      Reuter  -  220 words
    • Article
      Lock icon MERRILL LYNCH
      69 9 Reuter MERRILL Lyntfh and Co-Inc said its Fund Asset Management Inc unit Will be responsible fof investment advisory services to White Weld Money Market Fund Inc and White Weld Government Fund Inc following shareholder approval. Merrill Lynch acquired White, Weld and Co Inc earlier in the year. The
      Reuter  -  69 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      197 9 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the generel reeder who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more
      197 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1321 10 Bnf and off* prioee offletolbr Mat* ai3 twain— in and reported to Um Stock Exchange of Singapore yaetarday with Um number pfiharee traded thown In bracket* in tou of 1.000 untta unlaaa otherwise ipadflad. AH Time Settlement Contract* are quoted after the, word "aett. Bif Board deal (in
      1,321 words
    • Article
      Government bonds
      127 10 1/2* T F IMH7 (280,000) (100.488 100 008) I V 4* T F IVtM (280,000) (100.908) 1/4% T F W4/91 (280.000) (100.308 100.508) 1/4* T F IVWM (280,000) (100.388 100.388) 4 1/4* T P l/|/»7 (380.000) (100.308 100.308) 1/4* T F IWM-V7 (380,000) (100.208 100.306) 4 1/4* T
      127 words
    • Article
      Stock options
      93 10 STRIKING prices of the stock options officially Usted on the Btock Exchange of Singapore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. CoM Stong* (Sept 81.70) (O.SB 0.78). (i e«- e N ,8 l,) Nst Irsa (Sept
      93 words
  • Article
    SHARE INFORMATION SERVICE
    2510 10 1978 Htgh Low Company Last Sale +orGr'» Dtv Dhr Crr Net YTd P/E Vol Day ('999) High Low A SECTION ONE 1«. INDUSTRIALS 230 233 172 219 •260 83 276 268 210' 490 132 Acma 220 123* Alcom 232 112 Allied Choc 146 133 BAT 200 195*
    2,510 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iMtunn' prta m far Aa> 4) (C—r—1 pi taas) The Commerce 2. IT 2.90 INCOME BOND 1.07 1.12 The Saving Fund 1.36 1.44 S pore Pro* Fund 1.06 1.11 MARA BUMIPUTRA FUND S' gore Security 1.(7 I.Mxd First Bumlputrm Mr Aa| 4
    146 words
  • Article
    In Kuala Lumpur
    1703 10 BID and offer prices officially ilited and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In IoU of 1,000 units unless otherwise specified. INDUSTRIALS Aim (2.258) (t) S.M. AJlnemata (S.SSB S.MS) Aleem (2.268 S.SM) (1)
    1,703 words
  • Article, Illustration
    Punters turn cautious once more
    885 10 INVBBTORS ud puntors once more Ml backaaa mood of cautloa oa Um Stock Esehaio of Slagapare yastordav. The Strait* Tim*. Industrial index, however, continued to Improve and was 2.78 points op to 385.52 while the volatile Busineee Times index was 4.43 points down to 1538.84.
    885 words
  • Article
    EAC(M) shines for second day running
    622 10 EAST Asiatic Company(M) 'took the honours again on 10 its second day of listing at the Kuala Lumpur stock market yesterday. Against a background of mixed and erratic trading, EAC(M) shares held steady. The share opened at $3.10 before being tagged at the $3.14
    622 words
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  • COMPANY NEWS
    • Article, Illustration
      Malayan Flour Mills needs to diversify
      739 11  -  By MANO SABNANI EARNINGS from flour milling operations seem to have reached an optimum level at Malayan Flour Mills (MFM) and future growth will depend increasingly on the group's capacity to diversify into related oroducts and establish new profit centres. MFM's decision-makers are currently
      739 words
    • Article
      COMPANY MEETINGS
      74 11 Kinta Kellas Tin Dredging Company Ltd: AGM to be held at Straits Trading Building, 5th Floor, 4, Leboh Pasar Besar, Kuala Lumpur, at 10.00 a.m. on Aug 9. Malayan Cement Bhd: EOGM to be held at 1st Floor, Wlsma Damansara, Jalan Semantan, Damansara Heights. Kuala Lumpur, at 3.00
      74 words
    • Article
      Reply from SPPL
      61 11 SINGAPORE Paper Products replying to the Stock Exchange of Singapore confirmed that the acquisition of 51 per cent and 50 per cent interest in OSMI (Malaysia) and Jim Kiatson Trading Company respectively was paid for in cash. SPPL, however, failed to inform the SES of the sum
      61 words
    • Article
      William Jacks alters financial year end
      96 11 WILLIAM Jacks and Company (Malaya) gave notice to its shareholders that the financial year end of the company and it subsidiaries was changed from June 30 to Dec 31 with the approval of the Registrar of Companies, Malaysia. Group accounts will be prepared for
      96 words
    • Article
      KLSE queries Sentosa on interim results
      318 11 THE Kuala Lumpur Stock Exchange has queried Sentosa Plywood on Its interim results for the six months ended April 30, 1978. The exchange pointed out that in the company's statement, loss before taxation and extraordinary items amounted to. $32,000 (a decrease of $1.07 million
      318 words
    • Article
      DIVIDENDS ANNOUNCED
      244 11 Current payment Ex Date Book* close Date payable Total for the year Total for previous year M. Flour Kuala Kampar FAN Riverview Sanyo Inda. (M) S'porcGlaM (1974) Peel Malaysia Utd Malacca M Cement Pan Electric S. Darby Ubmc Loan Stk M Tobacco Berjuntai L. Perak B. Kawat Paper
      244 words
    • Article
      SCRIP ISSUES
      123 11 Company Particulars Ex Date Books Close Peffi Malaysia Lira Ho* Great Eastern Life M'aia Feedmills Synthetic Resin* Fa bar Merlin Bonus Issue of 1 for 5 Rights Issue of 1 for 4 ®S 1.00 per share Bonus Issue of 1 for 2 Rights Issue of 1 for 4
      123 words
    • Article
      EAC(M) makes fine start on first day of trading
      241 11 THE share* of the East Asiatic Company Malaysia were given a tumultuous welcome on the Kuala Lumpur Stock Exchange on Wednesday, its first day of trading on an immediate delivery basis. From the opening bell, the $1 par value shares issued
      241 words
    • Article
      Consolidated Hotels' sale of shop units falls sharply
      417 11 SHAREHOLDERS of Consolidated Hotels, who might have been cheered by chairman Robert Hslen Shao-an's announcement in the last annual report that the group has raised $45 million from the sale of lots in Peninsula Plaza, might well be disappointed by the interim
      417 words
    • Article
      Why Worldwide investments dip
      89 11 WORLDWIDE Holdings informed the Kuala LumCur Stock Exchange that its investments decreased y $307,880 in 1*77 as a result of the sale of quoted investments as follows: Pan-Electric, 30,000 shares amounting to 164,679; Sime Darby Holdings, 20,000 sharee at 167,309; Overseas Union Banking Corporation, 9,600 shares
      89 words
    • Article
      Hefty rise seen in Bank Pembangunan
      634 11  -  »y LOW LEE CHOO ON THE back of a hefty 132 per cent rise in gross Income to $3.13 million, Bank Pembangunan Malaysia achieved a pre-tax profit of 540,000 last year after a ss of $597,000 incurred in 1976. At the after-tax level, the
      634 words
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      Page 11 Advertisements Column 1
      222 11 Sf n S '»G& C "> NK °"<f >> V re M s 9-> 'V. y 'f j '?< fy Vn 5 s world >* r?* B ofS The nxostconmri guide to tne 1 The Straits Times Directory of Singaporel97B more popularly known as the 'Buku Merah', carries more than
      222 words
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  • Article
    Second chance for US to prove itself in S-EA
    1089 12  -  By JOHN TAN FOREIGN Minister S. Rajaratnam yesterday told American Journalists and politicians that the United States now has a second chance to show that the ®pen economy system is workable in Third World countries. "'ln an address to the U8
    1,089 words
  • Article
    What SIA owes its success to
    272 12  -  •y RAHIM KASSIM SINGAPORE Airlines (SIA) expects to finance about half of Its investment In the next five years internally. This includes the $2.1 billion Boeing order placed in May. Mr. J.Y.M. Plllay, chairman of the SIA group, told about 400 senior staff and
    272 words
  • Article
    Computerising departures
    121 12 SINGAPORE Airport Terminal Services has signed a $1.4 million contract with Swissair for the purchase of a computerised system for departure functions. The system will extend computerisation to almost all departure functions by next March allowing substantial savings in manpower. With this system, automatic boarding pass printers may
    121 words
  • Article
    LONDON STOCKS
    757 12 LONDON, Thurs. Share prices rose influenced by the Wrong rise on Wall Street yesterday, dealers said. *t 3.00 p.m. the Financial Times Index was up 3.4 point at 498 7 after reaching a new «78 high of 499.7 at 1.00 p.m. Government bonds pared opening gains In the
    757 words
  • Article, Illustration
    Flying high among the top 25
    210 12 SINGAPORE Airlines has made it to the world'* top 25 airline* 1b term* of revenue passenger kilometres (RPKs), but only just. Placed in the 24th position, Air Transport World figures show that the airline has 7,863 million RPKs. The first five airlines in this
    210 words
  • Article, Illustration
    Court told of fictitious $12.5 m
    388 12 THE COMPANY secretary of International Holding! (IH) told the court at the trial of Khoo Hin Hlong yesterday that the sum of .$12.5 million entered as fixed deposit in the company's audited accounts was fictitious. Mr. Richard Toh, formerly an assistant accountant with IH.
    388 words
  • Article
    Lock icon West imports steady
    319 12 Reuter THE industrial world's imports were Uttle changed in May at U5568.15 billion (Ssls7 billion), compared with $68.31 billion in April. IMF's international Financial Statistics show US Imports declined to $15.12 billion in May from $15.43 billion in April while West German Imports fell to $0.23 billion
    Reuter  -  319 words
  • Article, Illustration
    Lock icon Australia keen to share in Asean trade expansion
    441 12 Reuter AUSTRALIA is keen to ■lure in the trade development of Aaean Australian Deputy Prime Minister Dong Anthony (above) was speaking on arrival in Manila yesterday for a flve-day visit. He will discuss bilateral trade and review progress on a possible nuclear
    Reuter  -  441 words
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    Lock icon Meeting's united stand on rural poverty
    569 12 AFP THE 14th regional conference of the Food and Agricultural Organisation ended In Kuala Lumpur yesterday with various delegates calling for concerted International efforts to solve problems caused by food production shortfalls and rural poverty. The main emphasis was on rural poverty and ways
    AFP  -  569 words
  • Article
    Japan nearer to its goal of cutting surplus
    755 12 JAPAN'S export* In fiscal 1978 are expected on current trends to fall by 4.6 per cent In volume terms from fiscal 1977. A spokesman for the Ministry of International Trade and Industry said the committee for monitoring export trends, headed by Vice
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    Lock icon ACCOUNTING GUIDELINES
    181 12 Reuter THE JAPANESE Finance Ministry has decided to change its accounting guidelines to allow financial institutions to protect themselves against national bond price fluctuations. The change, applying to banks and all other financial institutions, will become effective when the current six-month accounting period ends on Sept 30. It
    Reuter  -  181 words
  • Article
    Freer Asean shipping
    257 12  -  •y CHAN BONG SOO THE Federation of Asean Shipowners' Association (Fasa) has agreed on a policy to minimise restrictions on shipping within Asean. Fasa noted at the end of Its three-day meeting yesterday that allowance should be made for the Interplay of market forces. During the meeting
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    Lock icon Thailand to service Airbus
    121 12 AFP A GERMAN aircraft maintenance and repair company has submitted a proposal for the setting up of aircraft servicing centre* In Thailand, the Bangkok Post reported yesterday. Quoting Communications Minister Praslt Narongdej, the paper said the Mescherschmltt BolkowBioxm (MBB) Company of West Germany had submitted It*
    AFP  -  121 words
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      2 12 Leader Page
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      165 12 LYNDON JONES BA(Com), FCIS, FIWM, FABE, FISM, AMBIM Consulasia is proud to announce the return to Singapore of Mr. Lyndon Jones, the distinguished Management Educationalist. Lyndon H. Jones is a Fellow of the Chartered Institute of Secretaries and Administrators, British Institute of Management Institute of Supervisory Management and Institute of
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    SHIPPING TIMES
    3078 13 scraping A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of dMtlnatton the name of the ship, the shipping Une involved, and the estimated dates or arrival and departure from Singapore port. t Consortiums Scan Dutch Ims s Joint
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      371 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED./U.K. Singapore Tel *****. Port Kelang: Tel *****1. Kuala Lumpur Tel. *****. Penang: Tel ***** SHIPPING EVERGREEN LINE (EVERGREEN MARINE CORPORATION* 3KD Agents CF SHARP CO IM) PTE LTD Tei Singapore *****22 Pi»n KH.my 03 *****4 Kudld I umpui *****0 P»-f6l 731
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      397 13 ANHSING LINE REGULAR SEMI CONTAINER tINFR SERVICE SUM riWMI POM*| HWKft* UNION ATLANTIC I. Nrt UNION AFRICA «/»Au| UNION BALTIMORE SiKiSS UNION BOSTON B/10Au| UNION AUSTRALIA 11/21 Auj J**** LORD STEAMSHIP CO. S.A. TAIWAN STRAITS/TAIWAN EIPRESS UNCI SERVICE tw Pert Irtefif Pmm|. M*lun| *»«Kiu«f SPORE P KELANG PENANG TAINAN •LOONCHONG
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      407 13 g Seatrain Full Container Service to USA FEEDER «l SPORE MOTHER IfSL H« OW LA GUtf E/C VESSEL i t Seatra.n l«/l 27/1 U/« Princeton V 131 A VESSEL SMlrj.o 11/1 Lenngton 21/1 1/t 1/1 10/1 14/1 16 8 V. Ml Full Container Service from USA MOTHERm E/C GULF OAH
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      338 13 NAMYANG LINES REGULAR NON-CONFERENCE SERVICES FM EAST TO MEDITERRANEAN Spare P. Kaianf Loadin< for UNIQUE WINNER V. lW ISA* 19 Aw( P. Said/Bainrt/Lattakia/ l>. I—A.-k.J /T -1 1. rifwus/ itunwii' i npoti/ Banfluzi/Aiaundna/Limauol NAMYANG DRAGON V.IN NAMYANG CROWN V IM 24 Sapt -da 24 Oct -daAil vessels accepting cargo for
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      25 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel *****. Port Ketang Tel *****1. Kuala Lumpur Tel. *****. Penang Tel *****
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      821 14 Page II FULLY CONTAINERISED TO EUROPE apORTS Spare P.Katanf Hbarj Bh»»w L«H»m UNf QtytfUiitart* l/l 18/8 2/1 J/» TluiMt Mam 14/8 15/8 2/9 4/9 5/9 o/9 OuUßn 19/8 21/1 10/9 12/9 13/9 <17/9] iJJSJiT 25/8 27/8 16/9 18/9 19/9 22/9 19 18/9 20/9 21/9 23/9 3/9 24/9 26/9 27/9 29/9
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      713 14 £2 SANKYO LINEI AUSTRALIA SERVICE ,rssr isnSm«i P.MMI YUEMAN SAILED MAY SKY SAILED MAYCARP 22/23 Ant KYOTEH MAW ....W/«N YUE RIVER 27/21 Aii| 111 PORT FREM 21/21 ft* BRIS. SYD, MEI 21/21 Ave FIEM, ADCL, MEL SYO 29/30 A«| SYD. MEL BANGLADESH SERVICE MAY BREEZE 26/27 Au| 24/25 Au| CHITTAGONG.
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      414 14 SEA mLAND U.S.A./ ASIA SERVICE M. «FM»IU ""IS 1 fflWflPfl. rwilffMl MPAN. KOREA. TAHM. HONS KONG. THAILAND AM PtNLIPPWIS. C F S CIOSES 7.00 PM Ailt VESSEL/VOYAGE "OMT WORLD TIGER V 6 11/12 «„ii WORLD LION V 6 »«i 17/11 «»jit WORLD TIGER V 7 »«i z«/» ».i 23 WORLD
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      789 14 Everett Lines Burma Five Star Shipping Corpn Wm* "BURMESE NATIONAL LINE" T LOADING FOR RANGOON HTONTTM PP3I3/7 B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA I Port Kelang Tel (38) 7355 Penang Tel. *****/***** Compania Artantina Da Navagacion lirtarcontintntal S. A. C.I. F. °prf "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN. CAPETOWN. BUENOS
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      542 14 Orient Overseas Ca+Ucu+teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Span KONG CONTAINER 11* 6/1 IHttTMM U/t MENTAL CHIEF 1M 18* SEAS BRIDGE 17* 1 24/8 MENTAL KSEARCHER 3* 30/1 lEPTUNE CORAL 9N 12/9 HEVAUER PAUL 12* 20/9 HEVALIERROZE 10* 21/9 23/8 25/8 27/8 29/8 31/8 29/8 31/8 2/9
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      1226 15 OCL Overseas Containers Limited containers™ soma not/continent: H'Durg I'tfMD Lt S'pore P. Kelawf O'aurk Bran. A'werp Havre CITY IF niHMKN I ta| M N >< Sapt 1 Sept IStft Tmutfs un mhi ii hi imt 4sept ssut isept isept —Ml UT 11 An 21 An II Sept 12 Sept 11
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      1181 15 Ajcutserno»cfßtaldneßki9nMa*JGtemLmeandNSi4D Tt wtimm t«ti tmo Supun P. IM«| hM| ti'Hl PROTESIUUS 11/11 Aag 1(/1t tu 5 Sept UiiMS. Bilbao. Amterdai Hall. be manor a/a $««t nn stpt 11 act uinh. »•>»*«. Aa«terdt< Nail BENCRUACKtH Oct II Ha* teiioes. Bilbao, Aaisterdai Hall BEHVANNBCH 11/17 Hat IT Dee Leuoes. Bilbao. Amsterdai Hall
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      956 15 BEN LINE LJAi NBWtC I MMrtN *MM M»f SOTON P. to lad C*nunf /Votru 111* Ffaact Ail U K ScMiwn AatMert. CITT OF lIIMWKN I >« II Iq THAMES mn 14 A* IS KIU BIT II ta| II ta| KUHI a tal II In WKUW IXPBISS I kK KITAM Ul«
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      985 15 Scan Dutch V Si EXPRESS CONTAINER SERVICE VIA WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Fh*i from P. Kelaftf Vestal tUIMU Sa<led SI LAMIA FIANCISCA 11/ I NIMH tUIMU It/ I Ml. Ml IMA RUtliU a/1 TITUU ILI ANNA 1/ IORRICAN I'm L Msaitlea a Rfaa s Mtorf 4) start ii pan ii/i
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      620 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. LUIS FN t ft S. AFRICA A USSII (Mauritius, Reunici. Zwibar. Mombasa. D»rban. £.L, P E Captto»n) P. Ktlang 4/ J Stfl S'port M An' IUK nw un i nm met m awm. muui OIIVEBAM Penang P. Ke aog Sport 1/ I An
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      858 16 MM Kline KAWASAKI KISEN KAISHA, LTD. BH—KHTBCT!WH> (VIA VKZ) 1 1 Cartriaar VnHb Spore P. Kelang L.Havre HTwrf Bremen rdj» A'werp n container uw »*n ifn* MOUTH TV 11 An 12 An 31 An 2Sa* 3Sopt 4Sapt IS* oriental cniemiw 11 An ii An jsjjj Jj* ggj !!2 iSI SEVEJBiAS
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      761 16 AFEA LINE Nm Coofereace SEMI CONTAINER EXPRESS SERVICE Sport loMpeotfeat Ripiar Service DIRECT TO LAGRSAPAPA 3/ 5 Sept MARSHA BUILT 1J75 3/ 5 Sept SEN M 5151 JBL- EOESSA BUILT I*4 15/21 A« JET A tents. SINGAPORE SHIPPING AGENCIES (PTE) LTD Tel: *****1 (14 Lms) I *****4/5 OCEAN MARITIME (PTE)
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      1092 16 m NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: Tl OMR on* SSED* S'pore P. Kclaac Ska«<ptea Oraa. MNUMCMTtmnt JJ* ma* a* IaERCATOR 11 12 Aaf 29 Aaf 2 Sept 1 Sept oriental CWEF II A* "Sept SEVEN SEAS ORIOGE 2* Aaf llSapt IS Sept 11 Sept MIEHTALKSCAWNE* 30 Aaf J**
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      579 16 i Wt MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCRMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA Feeder KakaM Vessel SHre 0 Mfffflff 73 Mm J) HMr| 4)Eton fbakesca t»M tiumu ii Nrt ii/i >i/i a/ m a ftmuu X,\ ELI AMU 18/ •MlI (J IMA 22/ I V 9/ W»j nuKRCA tv imama
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      828 16 INTRASEA (PTE) LTO KMUUt INOEPWRENT SCW/FKi CONTAINER SERVICE If OUK, r S pore P. Lelanf rnw* LmM Hr UN WtlJ (tMtr. i*4) km MtWI/rttM/SIXW ATLANTIC ILUTHU WIM I lit ll Part I MIASM »Rl5 24 An An M-borf/riem/stat#"*' M'MillM/Vtcn (MET, Rle«/H Miti/A'«ei». HDuri. San BflCfOft*. •Hll •kttmxm tkwik I'j/l tar
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