The Business Times, 8 August 1978

Total Pages: 40
1 40 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, AUGUST 8, 1978 50 CENTS
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  • BRIEFLY...
    • 57 1 Reuter. MANILA, Mon. The Philippines will open a second export processing zone In the next two months on the island of Mactan, site of the country's alternate International airport. An official said the Export Processing Zone Authority (EPZA), which manages the first zone on the Bataan Peninsula,
      Reuter.  -  57 words
    • 78 1 AFP. BANGKOK, Mon. Foreign mining companies are considering withdrawing from Thailand following new regulations set by the Mineral Resources Department. Under the new rulings, extension of concessions would only be granted if the company Is registered in Thailand, has over 50 per cent of Its shares owned by
      AFP.  -  78 words
    • 57 1 Reuter PEKING, Mon. Chinese Foreign Trade Minister Li Chiang told a British delegation yesterday he anticipates China's trade will develop at a much higher rate than expected. Mr. Li made the comment In his first formal meeting with British Trade Minister Edmund Dell, who arrived yesterday for a
      Reuter  -  57 words
    • 64 1 Reuter. OSAKA, Mon. Sumitomo Metal Industries said a Joint Saudi Arabia-Japan venture company has been established in Saudi Arabia to make largecalibre steel pipes for oil and gas pipelines. Capitalised at 50 million rials, the National Pipe Company is 51 per cent owned by Saudi Arabian interests including
      Reuter.  -  64 words
    • 65 1 Reuter. ZURICH, Mon. The amount of the World Bank loan to be floated in Switzerland has been raised to 250 million Swiss francs (***** million) from an earlier envisaged 200 million. Primary bond market sources said the 15-year loan will be offered for public subscription from Aug
      Reuter.  -  65 words
    • 59 1 Reuter. LONDON, Mon. Chrysler UK has won an order from Hyundai Motor Co of Korea to supply 14,000 gearboxes this year worth over £1.2 million (Sss million). Hyundai has also signed a declaration of Intent to buy another 22,600 next year, worth £2.25 million, and Chrysler said it
      Reuter.  -  59 words
    • 75 1 AP. JAKARTA, Mon. Britain is anxious to develop much closer trade and economic links with Indonesia and the other four members of Asean, Michael Myacher, British Deputy Minister %nd Parliamentary Under-secretary of State at the Department of Trade, said today. Mr. Meacher. on a fact finding and trade
      AP.  -  75 words
    • 94 1 UPI. NEW YORK, Mon. Stocks headed higher today in heavy trading as Investors, convinced Interest rates had levelled off, continued a massive rally begun last week. Brokers said some institutions were buying for fear of missing a major market move. Others said traders were buying stocks that would
      UPI.  -  94 words
  • Chief Price Changes
    • 123 1 Rises Most active Nat Iron 535 +35 Sime Darby 774,000 OCBC 930 +30 Harimau 528.000 FAN 610 +30 Cons Plant 467,000 Strait* Trading 600 +25 (JOB 376,000 C Sugars 320 +25 Gentings 322,000 Gentings 370 +24 Total Turnover: 10.70 m M Breweries 640 +20 Total Value: $27.89
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    • 175 1 BLUE chips such at National Iron, Fraser and Neave and the motor stocks, romped home to new heights on the Stock Exchange of Singapore yesterday. The all round take-off brought the industrial index to another peak. The Straits Times Industrial Index jumped 9.09 points to 378.85 while
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  • 911 1  -  RELOCATION IN THAILAND "y FONG MEW LENG THE SINGAPORE Government has suggested that manufacturers relocate labour-intensive, low-grade industries In Thailand to help ease the general labour shortage here. The Economic Development Board recently Issued a letter through the Singapore Manufacturers' Association to gauge
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  • 200 1 TANG CHOON Keng Realty (Pte) Ltd., developer of the proposed 33-storey House of Tang, has signed a multimillion dollar contract with Chevalier (S) Pte Ltd. for the supply and Installation of Toshiba lifts and escalators for its current hotel-cum-shopping centre development. At the contract-signing ceremony
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  • 501 1  -  •y PETER CHIA A SUSTAINED wave of buying on the Stock Exchange of Singapore yesterday sent the Straits Times Industrial index to a fiveyear high. The Index Jumped 9.09 points to 378.85, the highest since June 15, 1973 when It stood at 393.89. It
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  • 248 1  -  •y SOH TIANG KENG SUN HUNG Kai Securities of Hongkong Is planning to set up a merchant bank In Singapore. One of the largest securities houses In the British colony, Sun Hung Kal has applied to the Monetary Authority of Singapore for permission to set up an
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  • 319 1 UNITED Overseas Bank Citerday announced its If-time earnings which indicate all-round improvement for the bank and its subsidiaries. Group pre-tax profit, after allocation to contingency reserve, rose 23.2 per cent to $31.72 million while the bank pushed its earnings 20.1 per cent
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  • 258 1 Reuter. JAPAN is expected to Increase Its economic aid to Asean members although the amount Is not certain. Presidential sources In Manila said an earlier report that Japan would double Its aid over three years to US$2.B billion (Ss6 billion) was due to
    Reuter.  -  258 words
  • Page 1 Advertisements
    • 24 1 ®Vi&yfbong hand when Wayfoong Mortgage you need and Finance (Singapore) Liriijted It ttlOSt Shaw House. Ground Floor. 354 Orchard Road. Singapore 9. TH: *****7.
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    • 35 1 CITROEN CX 2400 PALLAS has proved to be such a cartoucjh efficient elegant p Iw tP'J HcnRV nnc rgehcies pte ltd BRUNEI AGENT RELiANCE DISTRIBUTORS 144 B JAIAN CHfcVALIER BANDAR SER. BbGAWA' BRUNEI TEL *****
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    • 93 1 Leader Page 6 >> A i SHIPPING TIMES NEW Jrai plsot with FORUM oa labour: Mak> tke winnlnf strati 2 pndoneri fni wutad 7 BERLI Jticker wont (top with PIN ifwwi opcrttiai M«p 2 iflhiaw U MISC profit plunaes Sl7m S CHASE Manhattan lifts fea MIBC profit phufM 917 m
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    • 146 1 N PUUN RAPER COPYING IPM .1M LVi'l'?! c Business Times today publishes a 24-page National Day supplement. In it, Business Times takes a prospective view of the way that lies ahead for Singapore and a nostalgic look at what it has achieved. The contents include interviews with the managing director
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  • TRADE AND INDUSTRY
    • 304 2  -  »r JOHN LIM INCREASING demand for corrugated and cardboard boxes has led a manufacturer here to plan yet another plant Its third to Increase output. Win Box Co's first plant in Ulu Seletar started production about five years ago. Last year, the company set
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    • 235 2 ORGANISATIONS which grant scholarships and bursaries for education are urged to re-orientate their schemes to include vocational education. This appeal was made by Dr Ahmad Mattar, Minister in charge and chairman of Industrial Training Board last Friday night at the annual presentation of bursaries awarded
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    • 165 2 AFP. JAPANESE continued to lead the tourist traffic to the Philippines, but Chinese travellers registered the sharpest Increase during the first half of this year compared to the same 1977 period. Tourism Ministry statistics published yesterday showed that 120,238 Japanese visited the country during the first
      AFP.  -  165 words
    • 263 2 BERLI Jucker hopes to participate In more ventures here possibly in the glass, container, paper, condensed milk and engineering fields. Speaking at the official opening of Berll Jucker(S) yesterday, Mr. Walter Meyer, managing director of the parent firm In Bangkok, said the company
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    • 497 2 ABOUT 200 delegates from six countries are to attend the third Asian horologlcal trade and Industry promotional conference to be held in Penang from Oct. 21 to 24. The countries are Japan. Hongkong, Taiwan, the Philippines, Thailand and Singapore. Watches dealers' associations In Malaysia are
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    • 242 2 TYING BOTTLES? What may look simple is really a test of skill, speed and experience for the 24 contestants in the Singapore selection finals of the Guinness Stout Bottle Tying Contest, held on Sunday at the Singapore Wine and Spirits Merchants Association. The contest was organised by Guinness
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    • 136 2 THE Association of Banks In Singapore will display a float depicting Singapore's progress as a financial centre at the National Day procession. Theme of the float Is: Singapore's 10th anniversary as a financial centre. Singapore Airlines (SLA) will be putting up a brass band performance
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    • 204 2 MR Tan Khye Hock of Banca Commerclale ItaUana has won the first prize In the open section of the 1978 National Banking and Finance Essay Competition. He has won $500 in cash and the Tan Chin Tuan Challenge Trophy. The second prize in this section goes to
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    • 485 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp Course, SITC, SITC Aug 7-8; Costing it financial analysis for marketing managers; Hilton, Price Waterhouse Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-14: Design of experiments, NPB office, NPB Aug 7-29: Marketing management, Hoidlay Inn,
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    • 149 2 THREE new imbuitdori, from the United State*, the Philippines end South Korea, took up their appointments when they presented their Letters of Credence to President Bheares at the Istana yesterday. Heading the list was Mr Richard Francis Kneip, 45, of the US who succeeds Mr
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  • Page 2 Advertisements
    • 160 2 We live better with modern plastics. Hoechst will help. J- -<:»$. 'V i n.-: Something interesting is happening in every home and household. The good old crates, buckets, bowls and pots of wood, metal, clay or glass are being superseded. Taking their place are crates, buckets, bowls and pots of
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  • Page 2 Miscellaneous
    • 616 2 t -11-OIE CROSSWORD CRYPTIC PUZZLE ACROBS 1 Too many people exult a lot (5) 0 A rope seen knotted on the stage (5) 9 Burst Liberal bubble (3-4) 10 Possibly cold key to a house 11 Is In time (5) 12 Amusingly bony? (S) 13 Tim Reed's fault? (7) 15
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  • OVERSEAS
    • 787 3 ALAN LERNER, senior vice-president and money market economist of Bankers Trust Company reports on US credit market conditions last week: 'The financial markets were sparked by an unbelievable buying spree which lasted throughout the week. A large increase in the unemployment rate from 5.7 per
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    • 421 3 Reuter. US retail sales rose 1.7 per cent to a seasonally adjusted U5515.37 billion (***** billion) In the week ended July 29 from $15.12 billion the previous week, the Commerce Department reported. Sales in the latest week were about 8 per cent ahead of the
      Reuter.  -  421 words
    • 273 3 Reuter. THE DURABILITY of New York City's economic turnaround Is by no means assured. New York Federal Reserve Bank economist Rona Stein said. Writing in the bank's quarterly review, the economist said the city's underlying problems can only be resolved over an extended
      Reuter.  -  273 words
    • WORLD IN BRIEF
      • 478 3 THE Geological Survey of India (GSI) has confirmed the presence of uranium and other radioactive minerals in a valley in north eastern India. The Press Trust of India (PTI) said the GSI has found a uranium bearing rocks 500 m long and 3 m wide in the Sung
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    • 128 3 Reuter. OMAN'S southern oilfields are likely to double their previously forecast capacity to 60,000 barrels a day. Petroleum Development (Oman) Ltd which is developing the southern oilfields in the previously war-torn Dhofar province, said the estimate came after important new finds in the
      Reuter.  -  128 words
    • 1081 3 Reuter. THE government has recently outlined new economic policies to provide for the eventual rundown of gas supplies and to avoid pressures which might otherwise threaten to weaken the Dutch currency. Holland has benefitted from floating exchange rates, with the guilder boosted
      Reuter.  -  1,081 words
  • Page 3 Advertisements

  • RAW MATERIALS
    • 228 4 THE Singapore rubber market yesterday closed, slightly lower with August One RSS buyers quoted at 227.00 cents per kilo, down 1.25 cents from last Friday's close. The afternoon session was thin and featureless with values easing further on lower London opening advices and some long liquidation.
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    • 31 4 Rubber: Aug 7 Singapore: August 227.00 cents (down 1.25 cents) Malaysia: August 232.75 cents (down 1.75 cents) Tin: M$ 1,741 (up $11) Official offering: 212 tonnes (down seven tonnes)
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    • 366 4 Prices In cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int l R S S prompt f o b Int 1 R.S S August lnt 1 R.S S. September Int 2 R.S.S. UK /***** Int 3 R.S.S. UK/Cont Int. 4 R.S.S. UK Cont Int 5 R.S.S.
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    • 113 4 NOON SSR and SMR prices yesterday HAS August (Current Mth) Buyer* Seller* (cetiU per kg) September (Fortard Mth) Buyer* Seller* (cent* per kg) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 207 00 205.00 208 00N 206 00N 208 00 206 00 210 00N 208 00N MKKLH
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    • 134 4 THE STRAITS tin price In Penang yesterday rose Mill to *1,741 per plcul $41 above the International Tin Agreement celling. The market was steady after Friday's firm London close and much Japanese and some local buying interest, dealers said. The slightly lower volume of tin concentrates, supplied over
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    • 83 4 SUGAR futures in London yesterday opened £1.40 to C 0.90 per tonne up from Friday afternoon's closing levels. Turnover totalled 1,228 lots. Traders attributed the very steady opening to fol-low-through interest from last week's rise which resulted in an improved chart picture. They added that there was no fresh
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    • 85 4 COPPER wire bars finished the morning down £0.5 for cash and £1.5 for Three Months in London yesterday. The early pre-market was relatively steady aided by covering against further Japanese physical demand although general liquidation trimmed prices following a stocks Increase of 5,025 tonnes. Three Months traded down to
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    • 69 4 LEAD rose by £5.25 for cash and £4.5 for Three Months yesterday morning in London. The market remained buoyant on short-covering against a continued broad front of physical demand which took Three Months up to £332.5 on the kerb. Also aiding the trend was the 2,250 tonnes fall In
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    • 49 4 SILVER advanced by 2.7 to 2.6 pence in London yesterday. Values were marked higher in the early premarket reflecting the Friday's New York close and the day's rise in gold, traders said. Prices subsequently fluctuated around the higher levels as covering and fresh buying was met by profittaking.
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    • 292 4 THE Singapore produce market started the week on a quiet but steady note yesterday. Pepper prices steadied at Its weekend levels all round with still no activity reported on the trading front. Meanwhile, the shipments continued to be received, with a total of 177 tonnes arrived yesterday. Copra
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    • 117 4 Source: Singmas THE KILOBAR In Slngagore yesterday opened at $14,988 and closed at $14,954. The market was very quiet since the Hongkong gold market was closed for a public holiday. Spot gold for London delivery opened at U*****.90/ Z05.20 and closed lower at U*****.70/ 205.00. The tone of this
      Source: Singmas  -  117 words
    • 96 4 COCOA futures in London yesterday open unchanged to £2 higher in quiet firstcall dealings. Dealers said underlying support was derived from a statement by Brazil's Consultative Council of Cocoa producers In Bahia that Bahla's cocoa farmers should exercise caution when making sales for forward delivery in the face of
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    • 96 4 BANGKOK rice prices were quotectas follows yesterday: (In U8 dollars per tonne F.O B, basis Bangkok). White Bice: 100 pet Ist clan 402. 100 r:t 2nd class 387.100 pet 3rd clan 382. pet 371. 10 pet 352. 15 pet 347, 30 pet 342. 25 pet 327. 35 pet unq
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    • 62 4 ZINC finished the morning up £5.25 for cash and £4.75 for Three Months In London yesterday, advancing on protective covering prompted by market talk on a possible US producer price Increase together with some chart support around the £328 level for Three Months. This position reached £320 by the
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    • 1167 4 AFP. HECTIC dealing In gold dominated the London commodity markets last week, with prices soaring to new record levels before collapsing almost as quickly. Other precious metals also hit new peaks In dollar terms. The currency uncertainties pervaded all markets. The build-up of
      AFP.  -  1,167 words
    • 67 4 TERMINAL coffee In London yesterday opened £47 to £23 per tonne higher In a turnover of 217 lota. Dealers said the market was lntlally marked around £30 per tonne higher In the nears based on Friday's New York performance. Further gains were recorded during the opening call when commissionhouse
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    • 682 4 THE arbitrage between New York and London copper markets, which had been flat, widened to more than half a cent in favour of New York following the International Trade Commission finding last week that US producers are being hurt by imports, leading
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    • MONEY AND EXCHANGES
      • 494 4 THE US dollar was traded down against major currencies on the foreign exchange market yesterday. Against the yen and the mark, the US dollar lost about 100 points. Opening at 189.70/90 against the yen, the US dollar was sold down to 188.40/60 when trading began in London. The
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      • 21 4 THE average rate at which Singapore bank* are currently prepared to lend to their best customers is 7 per cent.
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      • 144 4 THE US dollar for overnight delivery yesterday closed at 189.10 yen, down from a 189 50 opening but up from Friday's 188.70 close. The dollar fluctuated narrowly in light late trading, the dealers said. It fell to 188.55 at one point in early afternoon trading on sales of dollar
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      • 157 4 Euro rates LONDON Eurodollar deposit rates yesterday were little changed from Friday's slightly lower levels in quiet trading, dealers said. In periods. One Month was adjusted 1/2 point lower to 8-1/8, 8 per cent after Friday's upward technical mark-up. Other near periods held A Friday end in Six Months pushed
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      • 254 4 THE dollar was markedly weaker at the opening in heavy trading yesterday. The Swiss franc was at 1.6920/ 45 to the dollar against 1.7090/ 7140 at Friday's close, the mark opened at 2.0185/ 95 compared with 2.0290/ 0310 while sterling was around USsli93o9/ 11 against 1.9252/ 62. There were
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      • 199 4 Asian CD rates ASIAN currency deposit interbank rates as at close on Aug 7: US Dollar* (Spot) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 8l/I# .81/8 81/4 8 3/8 ...87/8 ...87/8 .9 715/18 81/8 81/4 8 3/4 8 3/4 8 7/8
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      • 48 4 RANGE of prices ottered by discount houses on Aug 7: Overnight 3H* Call deposit 3V,* to 3HS Cloiinf Buying Selling 3-Month Treasury bills 3 3/8 31/4 3-Month Bank bills S 15/18 513/16 3-Month CD 6 3/16 61/16 6-Month CD 6 5/16 a3/1« Source: National Discount Co. Ltd.
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      • 402 4 STERLING denominated bonds yesterday rose sharply in line with the firm trend among British government bonds and on relatively active Investment demand, dealers said. Professional short-co-vering pushed dollar bonds between 1/8 and 1/4 higher where changed though dealers said client interest remained light. Japanese Convertibles were marked down while
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      • 49 4 FRANKFURT exchanges opening quotes on Aug 7: U8 2 0205/20 2 0300/10) Can 1 7740/60 Stg 3 885/805 D Ft 92.30/40 S Fr 119 05/95 Lit 2 303/403 F Fr 40.10/20 N Kr 37 96/38 06 B Fr (con) 6 343/350 B Fr (Tin) 9.125/130 Yen I 0090/710
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      • 48 4 AUSTRALIA and Naw Zealand exchanges on Aug AUSTRALIA: US dollar 1.1507/1 1519 Sterllhg 0.0021/0.9053 Ninety-day airmail buying rates: HSterluW 0.0214 US dollar 1.1902 US dollar 1.1433 NEW ZEALAND Bt*rltng 0 5470/0 5441 US dollar 1.0500/1 0400 Ninety-day airmail buying rate*: Bter*ne 0 5070 U8 dollar 1 0054
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  • Page 4 Advertisements
    • 134 4 you can get 90% loan at 9Ji% per annum for HOCK SIVEE HILL S>SSf3RH*JT4.EVtL BUNGALOW PHASE 1 Y .j*/ y*T-. mm*** > YIO CHU KANG ROD M*Bft r r ffs > s HOCK I!W SWEE Si f HILL i Ui Located in quiet country, with big built-up area (over 2,000
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  • TRANSPORT
    • 286 5 BRITAIN HAS Increased the size of its state shipbuilding aid fund in an attempt to meet the very stiff competition offered by Far East shipyards. Industry Minister Gerald Kaufman was reported in the Lloyd's List as having said that builders in the Far East, particularly
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    • 677 5  -  By NOORJAHAN KARIM "I REGRET to inform you that 1977 has not been a very successful year for your company," says Mr Kuok Hock Nlen, chairman of the Malaysian International Shipping Corporation, In the annual report for the year. With that bit of understatement
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    • 790 5  -  ■y GERALD COLVERD A DECISION by the British Minister of Transport to provide £45 million (SSI9O million) of government funds to maintain current operations in the Upper Docks by the Port of London Authority has not resolved the issue of whether the life of
      790 words
    • Article, Illustration
      389 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Gerbera (0600 after Apollo Peak) 47 Marco Polo (1000 42/43 Nedlloyd Van Dlemen 1600 after Nedlloyd Cumberland) 3/4 Prima King (after Tosong) 6/7 Shinkai Maru (1700) 27/2S Star Fish (after Hudson Maru) 44 Vishva Kalyan (1200 after Hugheverett) 18 PAISR PANJANG WHARVES
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    • Article, Illustration
      70 5 THIS IS the Sibir, the world's first atomic icebreaker, leading a diesel electric-ship through the difficult waters of the Chukotsk Sea in the Soviet Union. The two ships parted here, after wsaosuvriag though the powerful Arctic ice, and the electricship continued to Magadan where she delivered 6.000 tonnes
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    • 573 5 A LOT of people will remember Britain, 1978, for the long, wet summer when they camped out at Qatwick or Ringway airports or Victoria Railroad Station in London, waiting for long delayed flights to the Mediterranean or nonexistent stand-bys to America. Some lucky ones
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    • 739 5 ARRIVALS Operator Service Number Local Time From CAL PAA MAS MAS CI331 PA005 MH601 MH682 0040 0115 0700 0725 TPE/HKQ/KUL SPO/HKO KUL KCH SIA MAS MAS MAS SQ101 MH621 MH607 MH671 0815 0840 0845 0945 KUL PEN KUL PEN/KUL CAL CPA OIA MAS CI806 CX710 GA980 MH605
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  • Page 5 Advertisements
    • 240 5 Give me one good reason why I should put my boss on Royal Brunei" Secretaries have often asked us that. Some have even asked "Who is Royal Brunei?" To answer the second question first as the name implies we fly from Brunei to Singapore, Hong Kong, Manila, Bangkok, Kuching and
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  • 479 6 RELOCATION of labour Intensive Industries Is a perfectly tenable solution to Singapore's structural labour shortage. It will free local resources for employment In high-technology Industries, upgrading the standard of Industrial process In Singapore. The pressure, however, will be on local workers to Increase their skills.
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  • 3221 6  -  By BILL SLOSS THERE are two great writing traditions In the world. One is the alphabetic tradition with which we in the West are most familiar the system which symbolises meaning by way of a representation of speech sounds. The other is the ideographic tradition
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  • Page 6 Advertisements
    • 300 6 f rtjs; rr ••V DS.xi* tatanokfc BLMK 1 I 406/407 Havelock Road, B'pors 9. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swlnglng get together where Toto and hlsKlas, Moonglows, The Oreen Eyes and Miss Erin Fong (Taiwan) treat you to a lovely
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    • 38 6 The best place to wine and dine in the worlds fourth laigest harbour T (f *r «r- ->* fr 1 I EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
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  • Page 6 Miscellaneous
    • 64 6 WEATHER! OUTLOOK for Singapore from 6 a.m. to noon today: Passing showers in late morning. Report for 24 hours prior to 7.30 p.m. on Aug 7 at the airport: Maximum Temperature 31.0° C Associated Humidity 70 Minimum Temperature 24.5° C Associated Humidity 96 Hours of Sunshine 7.30 Rainfall in Millimetres
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    • 290 6 mm SINGAPORE 5 3.00 PM Opening followed by What's My Line 3.25 Diary Of Events 3.30 Afternoon Matinee Father Was A Fullback (Part 2), starring; Fred Mac Murray, Maureen O'Hara, Natalie Wood, Betty Lynn 4.05 Science Report 4.20 Intermission 6.00 Opening followed by Birdman and the Galaxy Trio (Last episode
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  • 1258 7  -  By GRAHAM NEWMAN Reuter THE MAJOR question in world capitals and money markets right now is: What does the Carter administration intend to do about the dollcr's chronic weakness against the yen? If the administration has a plan, It is keeping It remarkably
    Reuter  -  1,258 words
  • 461 7 THINGS have reached a pretty pass when a softdrink company can print this on its cans: "Natural lemon flavour. Contains no Juice," as did Quirst, a new soft drink launch in the US recently by the Seven-Up Company. A company spokesman said succinctly, "If people want
    461 words
  • 1052 7  -  (FOBPM I i. ...on C labour C •y TEA ISA LIM A PENSIONER with 35 years of government service and a public service medal was turned away at a Monetary Authority of Singapore (MAS) counter recently as an "outsider". The counter In question Is
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  • Page 7 Advertisements
    • 192 7 i; III! f m M v.-—.V*. VV" New Japanese Restaurant KIKU^I serving authentic Japanese food fi Teppan Yikki *Temfxira Shashinii *Sukiyaki Shabu Shabu f?l 1/11/11 JAPANESE Frfl fVllVli RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road Singapore 11 HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE
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    • 67 7 ORCHID INN 214 Duncarn Road, Singapore II Tel: *****2 HOTfcL PHOENIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Id. *****6 PENINSULA HOTEL Coleman Street. Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Roud. Singapore 7 Tel: *****|/34«M4 SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4 SINGAPLIRA FORUM HOTEL 58$. Orchard
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  • Page 7 Miscellaneous
    • 44 7 GOOD Or\oRN»MG TfcoST> VOO P*R£. OMJO\jiMG FtRsT DRY P»T CM(eSlfc<L > PetUNS P ■£SJ VAPT\KG> feiießV SeCONQ *F Wou muST Know sec... ue.LL. OKt Noo V€ F»MiSMtD WW* OP N|OUC HR£ NjOU'LL tKPCCISC T^c Ve Tsf>, ST KNOCK 1 Hgse. OUT UjNCMTifr»^ HURiqgdlv CHPOVINIST P»G
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  • INTERNATIONAL STOCKS MARKETS
    • 1224 8 NYT "fHE MACHINE tool business In past years has alternately traced the paths •'tit feast and famine. Orders tfjid profits pile up, only to 'wither away. And charts show machine tool istock prices resemble the drawings of a roller coaster designer. But results lately
      NYT  -  1,224 words
    • 695 8 FT THE most controversial piece of legislation in a country noted for its progressive social policies is the Dutch plan for wider profits sharing. The present centre-right coalition government is going ahead with a modified version of a plan first put forward in 1975 by
      FT  -  695 words
    • 768 8 NYT THE PUBLISHING world last pondered over two development* in the controversial area of merger* and conglomerates: Firat, the plan to merge Charles Scribners Sons and Atheneum Publishers; second, the decision by the International Telephone and Telegraph Corp., through its publishing arm, to have its
      NYT  -  768 words
    • 688 8 SOME INVESTORS shy away from the so-called Junk bond, fearing default In the extreme and a loss of principal in any case. And there can be no doubt that these corporate bonds, rated B by Moody's and Standard and Poor's and issued
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    • 1140 8 NYT FIVE YEARS ago Harvard University's US$l.4 billion endowment fund, the largest of any school In the United States, was managed In a cautious manner. One securities analyst described Its Investment policy as Involving few risks, few gains they Just followed the market. Today,
      NYT  -  1,140 words
    • 581 8 TOKYO Source: DBS-Daiwa NON-MAROIN pharmaceutical and incentive-backed Issues continued to rise sharply yesterday. However, highpriced blue chips such as Hattori Watch, Orient Leasing and Shlsetdo and stocks of the Matsushita group which shot up last week, dropped. The Nikkei Dow-Jones average closed the day with a sharp
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    • 85 8 AUG Pesos AcojeMining Atlas Con A Atlas Con B. Bagulo Gold Benguet Con. B BFGoodrich CDCP IncoB .0119 21.30 .011 35 00 24.09 -0.0009 -1.1 -0.0009 *2 +0.25 LandoU Le panto B Marlnduque B Meralco Oriental A Oriental B 2390 7.00 22 40 .072 -0.0129 -0.7 *0 1 -0.001
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    • 194 8 AUG *7 Baku Bangkok Bank Bank of Ayudhajra Lid 374 rn ♦3 Thai Danu unq Thai Fanner* Bank 300 12 Thai Commercial Q. n fr Bangkok MetropoUfa unq in Bank unq Industrial Finance Oorp 2.4M 130 Oeneral Financfe MO Bangkok Investment t J24 ♦4 First Trust W ♦2 Raja
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    • 26 8 THE SYDNEY and Hongkong stock markets were closed yesterday. Sydney was closed because of Bank holiday while Hongkong was olsssi, for s national holiday.
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    • 29 8 U.K. HANG SENG Monday Friday 600.7ft Week Ago 571.9* SYDNEY INDUSTRIALS r closed Friday 440.39 Week Ago ALL 0 490.2? Monday closed 518 56 W«ek Ago 505.7?
      29 words
  • Page 8 Advertisements
    • 105 8 gsS! i L < \»i. *\:fs >>, m •f >vfr>. k ■»:t \V -'W'fyjfwL i Kennefh Lo, the welt-known Chlnm cookery writer, krtroducee the roodar to the tochnlquee of Chlneoe cooking, and gtvee an Inalght Mo thotr unique way of eating. Beginning with afcnplo onedleh main coureee, he progreooea through
      105 words

  • INTERNATIONAL COMPANY NEWS
    • 501 9 EUROPEAN b 4 Reuter. LONDON: Allied Breweries Ltd has made an agreed bid for the 39.3 million J. Lyons and Co Ltd ordinary shares it does not already own at 170p a share valuing the offer at about £66.8 million, -the companies said in a
      Reuter.  -  501 words
    • 823 9 r < N.AMERICAN h NYT WOULD you buy shares in company X, selling at 12 times next year and yielding 4.4 per cent, if the company were about to become a. leading /actor in the fast- growing communications industry, was soundly Tinanced, observed
      NYT  -  823 words
    • 502 9 NYT. FIRESTONE reported its first loss in its 55-year history for the second quarter of this year, ended April 30. The U5544.4 million deficit was attributed by company officials to a $73 million write-off to phase out tyre production at some plants, as
      NYT.  -  502 words
    • 123 9 Reuter. CANADIAN Hunter Exploration Ltd said Imperial Oil Ltd may be prepared to spend Csl7s million to acquire some of Hunter's oil and gas leases in western Canada. As previously announced, Imperial said it is negotiating with Noranda Mines Ltd to buy between 12.5
      Reuter.  -  123 words
    • 91 9 Reuter. DEL MONTE Corp said it received an offer from R.J. Reynolds Industries Inc to merge into Reynolds. Del Monte said the offer provides that up to 45 per cent of Del Monte's 12 million outstanding shares would be acquired for US$3B a share cash
      Reuter.  -  91 words
    • 17 9 THE PACIFIC Stock Exchange said it started exclusive trading of Lockheed Corp call options on Saturday.
      17 words
    • 90 9 Reuter LONDON: Thorn Electrical Industries Ltd chairman, Mr. Richard Cava said the company is looking into the possibility of buying companies in the U8 and Europe. He said the company also wants to develop a presence in the Far East. "Studies have also been made on
      Reuter  -  90 words
    • 82 9 Reuter. AMSTERDAM: The European Options Exchange said it had introduced new aerie* for Eastman Kodak. Boeing and IBM since yesterday, following recent price movements on the New Yorh Stock Exchange. The new series for Eastman Kodak will be October, January and April with exercise prices
      Reuter.  -  82 words
    • 717 9  -  »y GERALD COLVERD LAST week's severe censure of the St. Piran executive over his trading In the shares of OK construction group, Orihe Developments, is raising questions In London of the Independence of the board In making key policy decisions since St. Piran successfully hived
      717 words
    • 206 9 ASIAN fri Reuter SYDNEY: Trading In the shares of Silver Valley Minerals NL receivers appointed) has resumed on Australian stock exchanges, since Saturday, its chairman, Mr. R.B. Tasker said. Silver Valley shares have been suspended since last December when the Australia and New Zealand (ANZ)
      Reuter  -  206 words
    • 127 9 Reuter SYDNEY: The Port Waratah coal loader at Newcastle has resumed loading yesterday after repairs to cables and conveyor belts leading to the loading head left undamaged by last Tuesday's fire, a Maritime Services board official said from Newcastle. The fire severely damaged the other
      Reuter  -  127 words
  • Page 9 Advertisements
    • 118 9 What is it that J t, Qantas know that the best and most enjoyable flights begin on the ground. So we make sure that the people you meet at our reservations offices and at the airport are as well trained as our crews in the air. We train them to
      118 words

  • DEALS DONE ON THE SES AND KLSE
    • 1596 10 BID ind offer prices officially listed antfTjuslrvess in and reported to the SUMk Exchange of Singapore yesterdapwith the number of shares traded sMtn in brackets In IoU of 1.000 un-Its-orless otherwise specified Ail Time Settlement Contracts are quoted after the word "sett v. -Kg Board deal (in IoU
      1,596 words
    • 124 10 4 1/2% 1/VBO (250,000) (88.808 98.828) (2 88.88 4 3/4% It/8/80 250,000) (100.208 100.358) 5 1/2% T P 18/14/81 (250,000) (100.278 100.408) 5% T F 1/5/81 (250,000) (100.358 100.408) 7% 1/8/85 (250,000) (100.758 100.808) 51/4% TF 15/VBl-84 250,000) (102.558) 7 1/4% 15/4/88 250,000) (100.75B) 7 1/4% 15/16/88 250,000)
      124 words
    • 72 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 Storage (Sept 11.70) (0.758 0.855) Hume F E (Sept $1.20) (0.678 0.765) Prima (Sept
      72 words
  • 2537 10 Ha™ 11 11 i 11 Low Company Last Sale +orGfc's DW Dhr C'tt Qr'i Y*M Not P/E Vol Day (*888) High Low SECTION ONE i 1» INDUSTRIALS 231 I 233 1 i 172 1 i 219 1 260 83 ••276 270 I 210* 1,515 132 Aetna 123*
    2,537 words
  • 1878 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 lots of 1,000 units unless otherwise specified. INDUSTRIALS Acma (2MB) (1> 2.90. AJlnamaU (2.258). A Chaa (1.638). AMD (0.658).
    1,878 words
  • 969 10 SHARE prices staffed an explosive take-off on ike stock exchange of Slngapore yesterday when demand, keld back for about two weeks of consolidation, suddenly found release. The Straits limes Industrial index, with some contributions from blue chips such as National Iron and Fraser and Neave, jumped
    969 words
  • 445 10 STRONG buying Interest among the blue chips took the Kuala Lumpur stock market to a very firm finish. The bullishness yesterday lifted the New Straits Times Industrial index another 7.39 points up to 419.02. The volatile Malaysian Business Times ind'ex, measuring the 10 most
    445 words
  • 140 10 SINGAPORE UNIT TRUST INCOME BOND UWIT •s tor Aacl) IPHII pi •toss) The Commerce The 8* vine rund 2 24 2.38 1.41 1.90 INCOME BOND 1.07 l.tf. 8'poce Prof Fund S pore Security 1.10 1.17 MARA BL'MIPLTRA FUND 1.03 2 06xd First Bumlputra ikrtall 3.27 I 3* S'pore
    140 words

  • COMPANY NEWS
    • 815 11  -  toy SUSAN SEVAN ALONG with Fraser and Beave's announcement of a nk-up with Metal Box Singapore In a new canmaking venture, the market Also saw F Si N's report and tccounts for the year to (arch 31. The accounts show the already published surge In
      815 words
    • 623 11 NYT WHEN the owner of 100 Shares of General Motors goes to his neighbourhood banker planning to offer the stock as collateral for a loan to pay college tuition, the banker will eagerly agree to advance money and at a rate well below that charged
      NYT  -  623 words
    • 716 11 FT FASHION plays an important part in stock market investment. Sometimes oil companies are popular, then perhaps property becomes all the rage; a few years ago no fund manager's portfolio would have been complete without an agressive conglomerate. Since the 1973 oil scare, the fashion has
      FT  -  716 words
    • 291 11 Current Ex Books Date Total for Total for 1 << I Date close payable tkeyear previous year Kuala Ram par 20% Jul 26 Jul IS Aug 8 53 3% 46.7% FAN 16%<n) Jul 27 Aug 3 Aug 12 22% 18% Riverview 4%<n) Jul 20 Aug 5 Aug 15
      291 words
    • 117 11 Company Particulars Ex Date Books Close Pegi Malaysia Bonus Issue of 1 for 5 Jul 28 Aug 10 Lien Hoc Rights Issue of 1 for 4 Aug 1 (0*1.00 per share Aug 14 (•real Kaitrrn Life Bonus Issue of 1 for 2 ffYA NYA M'aia Kredmillc Rights Issue
      117 words
    • 100 11 KinU Keilu Tin Dnd(in| Company Ltd: AOM to be held at Straits Trading Building, 5th Floor, 4, Leboh Pasar Besar, Kuala Lumpur, at 10.00 a.m. on AUR 9. Malayan Cement Bhd: EOOM to be held at 1st Floor, Wlsma Damansara, Jalan Se man tan, Damansara Heights, Kuala Lumpur,
      100 words
    • 110 11 KENT (FMS) Tin Dredging Limited Is to undergo voluntary liquidation on Sept. 28. The company, In a brief statement, says no suitable tin mining opportunity in Malaysia has been Identified since It ceased mining operations In November last year. It added that the assets of the company
      110 words
    • 881 11 NYT STRIKING miners at the St. Joe Zinc Co., the largest zinc producer in the US, have not moved a rock In a month and a half. But a St. Joe smelter In Balmat, New York, that produces 17 per cent of all domestic
      NYT  -  881 words
    • 509 11  -  ■y DAVID CHOW MALAYSIA Building Society Berhad. keenly feeling the bite of the competition, barely managed an Improvement In Its profits during the first six months to end-June. Apart from the competition posed by borrowing companies and banks In this field, the reduction
      509 words
    • 228 11 CLEARLY bearing out chairman Dato Tan Peng Khoon'a optimistic forecast that the 1978 results will be better, South Malaysia Industries staged a strong recovery at the interim stage with a hefty 124 per cent rise in pre-tax profits. Unaudited pre-tax profit for the first
      228 words
    • LATEST RESULTS
      • 36 11 Unaudited pre-tax profit of M 5773.000 ($1.04 million) tor the half-year ended April 30. 1978. Sales value of M 52.91 million (M 53.81 million). Latest profit includes M 5805.000 from sale of Investment.
        36 words
      • 30 11 Unau- dited pre-tax profit M 52.25 million (MS 1.96 million) for the half-year ended June 30, 1978 on a sales turnover M 525.97 million (M 524.33 million).
        30 words
    • 33 11 MALAYAN Flour Mills informed the Kuala Lumpur Stock Exchange that It does not expect any change in the dividend payable on the capital for the year ended Dec 31, 1978.
      33 words
  • Page 11 Advertisements
    • 170 11 WISE TRAVELLERS 4 \H Take Barclays travellers cheques wherever you go whenever vou go. They're welcomed throughout tne world. Safer than cash. A world-wide network of refund agci help vou in case of loss or theft. Available in US dollars or sterling. nd agei theft. ON SALE IN ALL MAIN
      170 words

  • 968 12  -  *r COLIN CHEE A SECOND bank has raised ita >minimum lending rate (MLR) by 14 point to 7*4 per cent following Citibank's lead on Monday. Chase Manhattan Bank announced yesterday Its new MLR will be effective from Thursday. MLR or prime rate, Is
    968 words
  • 394 12  -  ■y JOHN TAN THE ASEAN delegation left Washington over the weekend with an assurance from the US that the regional grouping will be consulted on all matters which may affect Asean nations. Though the five-country team did not gain concessions on many of
    394 words
  • 149 12 AFP. TAIWAN is expected to ex* port more than US$l billion (552.3 billion) of textiles to the United States this year. The Taiwan Textile Federation said exports of textiles to the US durine the first half of this year reached $406.4 million, a IS per cent
    AFP.  -  149 words
  • 412 12 THE INTERNATIONAL Trade Centre of UnctadGatt In Geneva has suggested the adoption of a scheme called "duty drawback" by the developing countries In order to Improve the competitiveness of their exports. The centre notes that the inclusion of taxes and duties in the total
    412 words
  • 789 12 LONDON, Mon. Share prices closed at their highest point sffice last October as the Financial JTlmes 30-share Index went Uuough the 500 level earlier In Lb£ day and at 3 p.m. stood at 505.2. up eight points, dealers said. Light buying following optimistic press comment on the UK
    789 words
  • 200 12 AFP Reuter. THE WOKLD Bank ku ripid contract for i M uTlioo yen (SttOO million). »y««r loan from t syndicate of oi|bt Japanoae banks. Mitsubishi Trust and Banking Corp, as load manager, (aid yeetorday that the World Bank's first borrowing in tho yon
    AFP; Reuter.  -  200 words
  • 294 12 Reuter DIVIDENDS paid by Britain's major companies will rise 15 per cent or more this year following the recent relaxation of dividend controls, stockbrokers Philips and Drew said In London In a review of the stock market. a rise ui la per cent
    Reuter  -  294 words
  • 882 12 NYT. THE need for new US economic policies may become compelling unless that dramatic turnabout In the nation's inflation trend that the Carter administration is counting on for this second half of the year develops. This view has prevailed in private economic circles for
    NYT.  -  882 words
  • 485 12 A PROSECUTION witness told a district court yesterday that a check of his law firm's accounts by Its auditors over an allegation of criminal breach of trust against his partner, Khoo Hln Hlong, showed no breach of the Solicitors' Accounts Rules. Mr. Llm
    485 words
  • 582 12 THAI businessmen and bankers have welcomed the revaluation of the baht over the week-end as a welltimed move which would help solve economic problems. The Finance Ministry and the Bank of Thailand announced last Saturday that as from yesterday, the buying rate for the US
    582 words
  • 181 12 THE Japanese Transport Ministry announced yesterday it has worked out two plans for joint financial aid with the private sector to salvage troubled Japanese shipbuilders frsa the prolonged slump in the global shipbuilding business. The plans consist of measures to beta relieve the basic trouble
    181 words
  • Page 12 Advertisements
    • 197 12 1 <93 fc f 5C Z s Chip Putt golf course Floodlit Tennis courts and practice court Squash courts Swimming pool Sauna baths Clubhouse with billiards/recreation room i Bedrooms Living O I >2 Utility Ardmore Park, in a splendid setting of greenery and tranquillity close to Orchard Road, is undoubtedly
      197 words

  • 4399 13 «nmwn.B A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates bf arrival and departure from Singapore port. f Consortium ScaoDateh liaa a Joint srr»lee
    4,399 words
  • Page 13 Advertisements
    • 341 13 MAERSK LINE Weekly Express Containerised Service To/From U.S.A. For further details call Singapore: *****46 Port Kelang: *****0 Kuala Lumpur: ***** Penarig: ***** 1 SHIPPING 1 EVERGREEN LINE (EVERGREEN MARINE CORPORATION! rUiTlilU.l FAR EAST/RED SEA, MEDITERRANEAN SEA EXPRESS FULL CONTAINER SERVICE ALSO ACCEPTING CARGO FOR: GENOA. lATTAWA, BEIRUT. ALEUNORIA. BENGMA2I, TRIPOLI
      341 words
    • 302 13 NAMYANG LINES REGULAR NON-CONFERENCE SERVICES FAR EAST TO MEDITERRANEAN S port P. KatMf Loadinf tar UNIQUE WINNER V.IN 16Au( 19Au| P. SaM/Mrat/Uttakia/ finmn/ litaM/T ripoli/ NAMYANG DRAGON V. IN 21 Sopt 24 Sopt -<4oNAMYANfi CRONN V.IN 20 Oct 24 Oct All vessels accepting cargo for Benghazi/ Tripoli (Libya) by transhipment
      302 words
    • 124 13 LIAN SOON SHIPPiNG TRADING CO (PTE) LID "V K I MOuSt "-MtS'ON A** <■ fi-St mi .;ooi;. 1 ms .7011."'' .70 :w .voi UNIVERSAL FREIGHT SERVICES ANHSING LINE HSULM SEW-CONTAINER/I INf I Tsm r.i*m UNION ATLANTIC rmo« 12/14 lac 15/25 A* */2fc* MM/M» LORD STEAMSHIP CO. S.A. TAIWN/STMiTS/TANMN EXPRESS LINER
      124 words
    • 12 13 SEA LAND NOW 5-DAYS FASTER FROM USA AND JAPAN BOOKING TIL: 222*222
      12 words

  • Page 14 Advertisements
    • 853 14 SHIPPING I FULLY CONTAINERISED TO EUROPE EXPORTS S fMft P Kdjnf H'bvr| B'hmrt *dam It Ham City tl Edm6uf|*i l/l 1M 31/1 2/9 3/J Thjmtj Him 14/8 15/1 2/S 4/9 5/9 B'9 Oukaßn 19/8 21/8 10/9 12/9 13/9 (17/9) Bmm 25/8 27/8 16/9 18/9 19/9 22 9 E.prtu 19 18/9
      853 words
    • 725 14 a SANKYQ LINE| AUSTRALIA SERVICE P.MUng UrfiKfw. MAY CARP 22/23 Aug KVOTEN *ARU IS/19 Aug YUE RIVER ......27/21 Aug 29/21 hi| BUS. SYD. MCI 21/21 Aug AOEL. MCI. SVD 29/30 Aug SVO. MEL BANGLADESH SERVICE iENERAL AGENTS 26/27 Aug MX *"f CHITTAGONG, CHAIN* OCEAN SHIPPING I ENTERPRISES PTE LTD SINGAPORE
      725 words
    • 393 14 LAND 7T U.S.A./ ASIA SERVICE It KFItOMTEO COffTMHCI SEWKE MUM EVO* KONCSOAT FOt KHTTS IN USA. MM. CAMMEAN lAPAN. tOKk TMMR. HONG ROM. THAI LAW) AM PHILIPPINES VESSEL/VOYAGE Vessel CF-S-CLOSe WORLD TIGER V 6 IVORLD LION V 6 AU 17/11 aui 16 WORLD TIGER V 7 A u| 21/25 Aut
      393 words
    • 792 14 Everett Lines H LOADING fOS DURBAN CAPETOWN BUENOS AIRES Swgapan P liuni Penan PATAGONIA ARGENTINA 2G/27 Au| M* 30/31 An* Sybjecttoinducement t C??v3l Transportation Maritima Mexicans S. A "MEXICAN NATIONAL LINE" FAR EAST/MEXICO t CENTMI AMERICA LOADING FOR ENSENADA. MANZANIUO ACAPUICO. ACAIUTLA. CORINTO. SAN JOSE PUNTA. ARENAS i COSTA RICAI
      792 words
    • 520 14 .1 \KI )l I W I \ll Orient Overseas Co*Uai*te/i Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) MERCATOR 7W Ollf *I*l CHIEF IP* J. SEAS BRIDGE 17* ORIENTAL RESEARCHER 3R| 30'8 NEPTUNE COME 9N CHEVALIER PMil 1211 CHEVUIER ROTE 1M NEPTUNE PEARI UH Mm letiaw* Hfcor| fdam Antwerp 29/8
      520 words

  • Page 15 Advertisements
    • 1122 15 Ml QCL Overseas Containers Limited «i< cm at niHtutsH EXPRESS IIM HAM •AT IT CwtifM (ajr srteri [i)rta I'burl Sport P Ralaac D'awr* M lta| <• »«t 11 ««l It I! ta| I toft it ii| ii tac ustpt km n m iesapt it 1 Stft n Stpt 1 s«>t
      1,122 words
    • 941 15 p. PNOTESILAUS U/« ta| U/IO 5 Liiiiis. A»e«rOi«. Mull. OENHNOR 71/11 Sift »/«Sift >*»•■ A"stirdw». Hall. OENCRUACNAN ~a/14 Oct 11 —> U.IOM. MM*. A»stirl«l. Mali ienvannock is/n 11 on lmom. Bilbao. a*"'"**" ML l(H(IK 11/1* let 1» Unoei. Bilbao. Amsterdam. Hull. nm M twrwr cr.» *mo SfllS UrfM Nwi F
      941 words
    • 615 15 rns BEN LINE CONTAINERS a km 14 >« 1* k»I« *1 js ah it cirr of t oi •UJU l»T ss 5* w* <*» ITI REN ASIA CONTAINER SERVICE m JUGOUNIJA EAST RIJEKA iesvui sonnet n aibatic u® ust ■eutomikaii puts S pore P. Kelaag Penaaj (RASIA for Dcrince, Koper,
      615 words
    • 930 15 Scan Dutch *9 CONTAINER WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA trim P. Aalaat Vtwl iiC» 11/ I RIM* mi an. NJMi (set a/ t tuama HI 1/ t IMttUI MA 17/ Ml NtVTMAN rm u M*illa* a Warn 3 Mtarf Star i 11/• m t t/« »/1 11/• i«/ t ni 11/
      930 words
    • 611 15 GUTHRIE BOUSTEAD S c s THE BANK LINE LTD. IMKFME. Itlßltt WStEI (Majntms, Reunion, M Capetown) nan un i tun SUSANNE U"t Pmtnf IBSSIEBAM Penan! Durban, 1.1. PC., P. Kelanf 7 sapt S'pore* An 1! P. Ml»n| 11/11 km Spore 17/21 P. Kelanf S pore a/22 EXPRESS Sttnct BIRECT FROM
      611 words

  • Page 16 Advertisements
    • 844 16 K line KAWASAKI KISEN KAISHA. I TD to nmon S'oore P. feting I.Havre H'bvc Bremen R"do» A'awrp MEKAIM 7V 11 ta| 12 taft 31 2Soft 3Scpt 4 Sept ISopt ORIENTAL CHIEF IIW II An U I Sept II Sopt 11 Soft 13 Say* SEVENSEASWIGEI7W 24An 25 *«f 13 15Sapt llSopt
      844 words
    • 881 16 E.C.-U.S.A./ATLARTO/GHF SERVICE BALTIMORE. WW MUMt. ■PI in P. UH( Ma E. C. I GREAT LAKES SERVICE "VISHVA CNETANA" "VISNVA ABHA" VISHVA MOHIN! nomewaro "VISNVA MOHINI" "VISHVA SANOESN' Fre. A (Ml, Meib, Syd Syd, Melb. Add. 8r.5, Syd, Melb. Mel LMIIW FOR CMtagong, Calcutta Madras. Bombay An n/}« A H 11/11
      881 words
    • 865 16 i NEPTUNE ORIENT UNES LTD I •FULLY CONTAINERISED SERVICES: R'tfw 4S* S pore P blaf Skaaataa MWj Bra* MEKATM* 11 it 12 A* 2S >J* OMENTAL CHEF ll Uf II Aac IS* IS* lIS* lIS* SEVEN SEAS MIKE 24 Aac 25 Aac lIS* ISS* MS* 17 S* OtIENTU CESEAKIEX 31
      865 words
    • 636 16 mm MALAYSIAN INTfPNATKtNAL SHIPPING CORPORATION t FPU AD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVU west mm Faa*er UIM( Vftttt t'Mtt B MMiIIM TMm J) Mkarf 0 Star, (MP* ciri* far tutor m t'pan. 1) Ctarf a H'torg 3) l«« 4) BMB S) Li H P. kelaaf S port IITUU SaiM
      636 words
    • 834 16 INTRASEA (PTE) LTD T oU-r I t KMUI INKPOMENT SEW/FILL CONTAINER SERVICE II EMK sMn P I*l AA# PtftJftf LMitfß far: 'UHKI Mil (Ceetr tkp) le Pert M'M'Hcs S'ten (ti l.) ATLANTIC ALBATMSS MM la tort SaiM SaiM 'dew, M'mirf/A wrc MBASIA MIS MAn tl An M-Beri/a'dem' Boulojiw ■Utmtmt Tkr«n*
      834 words

  • THE WAY AHEAD
    • Article, Illustration
      207 17 ■•V f# 1 VT"'JspP v ,i NATIONAL DAY, Mieh falU tomorrow, is an occasion for tton. not tewt for harinf pawMln peace. Yet lfc» appears to be A? i-J 1— t f-jL. aMBMWp aa UMwtnatpotiMk ThereiaUes the path of development. It la easy to create the Infrastructure
      207 words
    • 233 17 A hint. A cue. A pointer. A suggestion and lots more all worth their weight in gold. For they come from the man at the vanguard of the Monetary Authority of Singapore, Michael Wong Pakshong. Trade is the linchpin of our Republic
      233 words
    • 6456 19 QUESTION: Looking back on the first decade of Singapore's development as a financial centre, what do you think were the key decisions that accounted for our success? Answer: The decision in 1968 to abolish withholding tax on Interest paid on deposits
      6,456 words
    • 641 22 THERE are few who will deny the responsibility that the local trade union movement has show to this precarious bubble called Singapore. Trade unions here have been vigilant in warding off the sharpened blows of recession and inflation. But the question is whether this heed fulness to
      641 words
    • 697 22  -  By TERESA LIM THE UNION as a family this is the germ of an idea that has far-reaching implications if applied ful,y Philosophers of the local trade unions call It one of the three seminal ideas that can transform the entire movement. The
      697 words
    • 804 22 SINGAPORE'S carrot and stick approach to produtJvlty is unique. Where workers elsewhere have been tempted by the carrot or driven by the stick, few have been subjected to both at the same time. There Is good logic In this concept. The man who
      804 words
    • 1951 23  -  By RONNIE LIM THE YEN'S rise against the USS has been the major conditioning factor in world trade In the past year. For the Singaporean, the yen appreciation simply means they have to dig deeper into their pockets to buy Datsuns, Nikons, Sonys and like.
      1,951 words
    • 1475 24 ONE OF the more successful aspects of Asean's brand of regional cooperation has been its ability to talk as a group to its major trading partners. In this vein it has initiated dialogues with Japan, the European Community, Australia, New
      1,475 words
    • 1374 24 REGIONAL cooperation is an ideal that has exercised the thinking and imagination of leaders in South-east Asia for many years. Many permutations have been tried out and names like Maphilindo and Seato attest to the durability of these associations. In 1967, however, five
      1,374 words
    • 1993 25  -  By FONG MEW LENG THE AVERAGE Singaporean's shopping needs were once based on necessity. Today, the same Singaporean shops with a wider spectrum of needs and has a wider spectrum of outlets to satisfy them. Our fathers' luxuries have become our necessities. Ten years ago,
      1,993 words
    • 2020 26  -  ■y COLIN CHEE ASIANS more than any people have always been crazy about gold that bright yellow malleable metal that attracts Just about everyone except the Americans who want to demonetise It. Over In this part of the world It Is worn around
      2,020 words
    • 3561 27  -  By ILSA SHARP "Howtth*2*K ey Sigh retum^^ 3 changed!", the n ostnT» 4 aporeans the nostalgia-aeeklnir p*. saft and even we who Sere»??». VirtUall y ln years ng> these Past *3 bow changed? That certain feeling is as tore a bV,tterfly cap••re. Pin down or
      3,561 words
    • 5153 28 QUESTION: With more than half the year gone, how do you tee the pattern of trade developing for Singapore? ANSWER: The pattern of trade of Singapore for the remaining months of this year would not differ significantly from that of previous
      Drawing by Allan Chan  -  5,153 words
    • 131 29 QUESTION: We have concentrated all along on the export side of the trade picture. There is also the import process. How can we go about seeking the cheapest possible sources of imports? Has the Trade Department a role in this? ANSWER: In fact, until about a
      131 words
    • 723 30  -  By CHAN BONG SOO BILLIONS of dollars worth of commodities pass through Singapore every year. Rubber, tin, palm oil, pepper, coffee, cloves, nutmegs, clnammon, coriander, cassia you name It, this cosmopolitan Republic deals In it. Yet Singapore does not have a general commodity
      723 words
    • 1057 30 PEPPER has always been big business In Singapore, although the Republic produces none of It. As middleman. Singapore handles about 30 per cent of the world's supply of the commodity. In terms of value, It exceeds $100 million. And to this day, despite numerous attempts to
      1,057 words
    • 1644 31 Be prepared China's about to awaken from its economic sleep By KSR IT IS most unlikely that Considerations such as trade and industry will ever be divorced from political theory in China but sufficient has happened In the year that has elapsed since the rehabilitation of Teng Hsiao-peng to suggest
      By KSR  -  1,644 words
    • 2209 32  -  By TOH THIAN SER THE WAY ahead for the transport of some 3 million Singaporeans by the year 2000 is strewn with uncertainty although some tentative plans have been drawn up. Two aspects of the environment in which public and
      2,209 words
    • 2136 33  -  By PETER CHIA SEX MAY BE used as a strong selling point for Some cities in the Far _East, but not for Singapore. Tour and travel agents would surely love to exploit the first three letters of the Republic's name sin. but the
      2,136 words
    • 1025 34 COMPANIES MAKE UP a stock market and their activities dictate the level and pace of action. Too often, investors are caught up with the daily hurly burly of trading and tend to miss long term trends that emerge. After a long period of indigestion, and gestation
      1,025 words
    • 474 34 WHEN Sime Darby Holdings raised $475 million in the banking markets of Singapore and Malaysia, all interest was focussed on what the funds were to be used for. Generally overlooked has been the fact that the company has Established a benchmark in corporate sector borrowing which is
      474 words
    • 1273 35 3t CANNOT fail to bore at r*ny business function these >Jays to bemoan the terrible >tate of shipping everywhere. Shippers are almost the 3>nly people who have any in the subject •especially, Singapore's since they have a {■genuine concern over falling
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    • 1652 36  -  Br TOH THIAN SER THE STOCK market this year celebrates National Day with a verve and gusto not seen (or many years. Brokers, investors, merchant bankers and fund managers have not had such an exciting period since the last stock market boom
      1,652 words
    • 1299 36 THE STOCK Exchange of Singapore is at the crossroads this year. While members celebrate National Day in a mood of joyous prosperity, some at least will remember that the year started on a controversial note. In the first week of January, Mr. Ng Soo Peng,
      1,299 words
    • 1827 37  -  By SOH TIANG KENG THE SINGAPORE economy has passed the acid test after weathering the storms and turmoil of the past decade. Toughened and more resilient, It is now read v to face the formidable problems and challenges ahead. What lies ahead are
      1,827 words
    • 3121 38  -  By TEO TECK WING THE RECOVERY of the Singapore property market, has not been vigorous but gradual. The first quarter of this year was "transition months", a time of reflection and preparation for the start of a new period of
      3,121 words
    • 809 39  -  By CHAN BONG SOO SINGAPORE has been and still is the premier world market for natural rubber, and for good reasons too. Besides the historical reasons, the Republic owes its position in the International rubber market to its geographical position and infrastructure. Apart from
      809 words
    • 1996 40  -  By QUEK PECK LIM AFTER being dormant for more than three years, the issue of the government In business has come back to haunt policy makers. Last year, the Chinese Chamber of Commerce and Industry submitted a memorandum to the Ministry of Finance asking for a
      1,996 words
  • Page 17 Advertisements
    • 211 17 r r s > t f K j < i)* i m i ACBC Your key to International Trade If your business is import/export and the world is your market, you'll need the services of a bank with the international capability to handle your business dealings efficiently and with a
      211 words
    • 130 17 INSIDE THE trad* anion movement puts its shoulder to the wheel RISING yen to invest in Singapore TALKING shop about a new breed of discerning consumers THE golden egg is about to be laid. OH! for the nostalgic feces and skyline of our country CASE for a general commodity exchange
      130 words

  • Page 18 Advertisements
    • 413 18 V 1 T* r k. M 13*"* t^tl 'tis. 3Ss^% i t i K-t m i o^ Y S Now you can watch any programme at any time you wishWith a SONY BetamaxTV recording deck. With 20 years of video experience and technology in the television broadcasting field. For home
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  • Page 19 Advertisements
    • 62 19 Your worldwide full service bank INDC&UEZ JU* 4Z *7 V ife 1 Ai <2 •i VI IH I DE L 'INDOaiINE eto-suez Incorporated in France with limited liability Shenton House, 3 Shenton Way, Singapore 1. Tel: *****11 (15 lines) Telex: Indocab RS ***** Cable: Indosuez Singapore. P. O. Box 246.
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  • Page 20 Advertisements

  • Page 21 Advertisements
    • 332 21 Our world bankers work around the worid, around the dock. IBS fc-Mr'SjE IjF J ■i-}'Z."Atrp ssaKi S I L«T. L*1 Si^sis K6WSMFY*® >" v :>£'# Tokyo. 6:07 p.m. K. Furuhata, Fujitsu (left); and H. Tsurumaki, Bank of America, review Fujitsu's expanding program of electronic exports and discuss necessary documentation. iLondon.
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  • Page 22 Advertisements
    • 347 22 The OCBC Centre a symbol of the bank's corporate aims of lasting strength, continuous growth and uprightness. An invitation from OCBC: Make our strength your strength n 1932, OCBC came into being following the amalgamation of 3 established banks: the Chinese Commercial Bank, the Ho Hong Bank and the Oversea-Chinese
      347 words

  • Page 23 Advertisements
    • 272 23 V <• 'V x "Tprf K 4 a t «r •v M '*m3frn m m m -«<<.. *#>%*?& •;•'•••> t lv 3\ T -»*V: V. m BMW 525 Aneri Ik■ WK&ftM I OT COmlllllnlClll vo hi car technology. Sheer driving pleasure The BMW 5 Series is aesthetically designed with Man
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  • Page 24 Advertisements
    • 41 24 We Rejoice with the Nation on the occasion o: our National Da^ All banks lalk about service. Bui only one bank says, "We Care"aboul vou. And with a smile. Overseas 9tS HEAD OFFICE OUB CHAMBERS. RAFFLES PLACE. SINGAPORE 1 TEL *****/*****5
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  • Page 25 Advertisements
    • 333 25 Hand-in-hand with Banking... NCR's 3 highperformance systems! The 8350,8450 and 8560 Three new computer systems now enhance NCR's rapidly growing 8000 series. Two of them offer real or virtual storage. These new systems offer more alternatives for almost any size business, institution or organisation. And NCR's migration path engineering allows
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  • Page 26 Advertisements
    • 135 26 A A i* A x K3 'x iiPtili g|p 4s£oo»sr* %?:<■■ v gt/iy^f HbßlmiP ~*v ■>*#<, •>'- X -> > »£>!> r> ;..S> mm* r~r ,-*«■> V« tWrvi d>> >'•:< a v ~V- ■>■■.: rt ,x* >* > i -.<■ y >sm M m ••••;:< mt pi v ?>■': pgr
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  • Page 27 Advertisements
    • 327 27 -M. >« 'wyj §|i? .v;.; > i 7>i X t t V-.V a, vt -v »>: fpr ©5 1 jk, -f r •i V IK F. >* rr«, A i m <?•?>*- A r -icm 4 n^«A<- j} v;%v ,v t'v aVN «Sf* •■ft®' g?:i -i. >* f< > w
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  • Page 28 Advertisements
    • 161 28 TH€ CHART£R£D DANK HAS D€€N HCLPING TRAD€RS IN WEST ASIA FOR CWER HALF A C€NTW Our experience can help you trade successfully with West Asia. Approximately 57 years ago. The Chartered Bank established the first bank in Bahrain. Today, it has one mam branch. 3 sub-branches and an offshore banking
      161 words

  • Page 29 Advertisements
    • 202 29 Success in today's world of business calls for a constructive approach to financing, a sound knowledge of the available markets, and original ideas. These are the strategic qualities that Wardley can provide throughout Asia. Wardley Limited, backed by the resources and experience of The Hongkong Bank Group, can offer financial
      202 words

  • Page 30 Advertisements
    • 191 30 We have 280 offices in 38 countries and we're still growing. We never close. In fact, we open 280 times a day. So there's always a place for you to take advantage of our expertise. After all, we've been Japan's leading international bank for just short of a century. And
      191 words

  • Page 31 Advertisements
    • 354 31 WANG COMPUTERS REJOICES WITH THE PEOPLE OF SINGAPORE ON THEIR 13TH NATIONAL DAY. buMsabigger gjantkßeT /I/\ei"° r( l F» St Wang is hungrier than the giants. So, when we build a bigger computer, we build in better value. Wang's new 2200VS is the only virtual memory system at an entry
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  • Page 32 Advertisements
    • 94 32 «|9"l nt V JruW" 1^ risco GRILL cFof the £JFirfest(£JFood c Wiqe &(zMusic *%i >N^l Ist ANNIVEDSADY To-day is our first anniversary and we wish to thank all our patrons and friends for the past year of their patronage. To mark this joyous occasion throughout our anniversary week (August 8
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    • 116 32 Bank with Chose and give yourself The Chase Dduantage. There are so many banks operating in Singapore. And most of them atkr the same or similar facilities. So you may weU ask. why should I bank with Chase? The answer is service. The Chase commitment to service is very real.
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  • Page 33 Advertisements
    • 125 33 I m ni m •> ■*n rr Hdl >» l C y m ¥b. 4* v» 41 9 V.' •s r A "P**T>' RIDGEUJOOD a Very Special Place for Very Special People Handsome, spacious 2 or 3-bedroom flats furnished or unfurnished available immediately for rent. 6 months to 3-year leases
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  • Page 34 Advertisements
    • 528 34 The hot performer from DdhatsuiKW offers a real cool drive Optimum front aifflowtor side by side engine radiator and airconditioning c Condensor with integral fan FACE FACE Radiator with thermosbcatty coupled tan A YM //V FRESH RBORCUUOTNG AIR V 3 spaed high capacity blower X with variable temperature contro( selector
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  • Page 35 Advertisements
    • 80 35 BNRYour key to world economy. BHHHHBKHfIHHHBHHHHWfI v?v'"J *1/ jJS&I lif \h^k~{€« 4j r>V-'*, p ■*> l '-S. 1 Si' n t~ 22 1 k BNR At the four corners of the world BANQUE NATIONALE DE PARIS OVERSEAS UNION HOUSE, COLLYER OUAY, SINGAPORE 1. TEL: *****1 We rejoice with our fellow
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  • Page 36 Advertisements
    • 441 36 V I IV M JH%I TEL: 271:8744 INTRODUCES THE GlastrohmD Evmrude Glastrons and Evinrudes are backed exclusively by SPOT RADIO S over 50 years experience in after sales sen/ice PERFECT MATCH PACKAGE us V-162 FUTURA is America's favourite 16 foot deep-vee runabout. And all those boat owners must know something.
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    • 88 36 Tha Management ft Staff of Orchid Inn rejoice with tha People A Government of Singapore on their 13th Yeer of Independence A nightly feast a! the Moby Dick Coffee House (Orchid Inn). You have a choice of beef, chicken, mutton, pork and fresh sea food. And roast whole lamb on
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  • Page 37 Advertisements
    • 36 37 x Shanokai 2x~ 16 20 July Wood' 79 The International Forestry Development, Timber Processing And Wood Working Exhibition 23-27 June International Plastics What s the world s leading independent organiser of exhibitions doing here in Singapore?
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  • Page 38 Advertisements
    • 94 38 f you're conswlM'Big drm a Peugeot 604 < v 2 v* -j** ''<■ j Xv* "t $$m I Wk~ W*s i '0* Mh S EiS 4-&Z ml wmM f V 1; r >.; sgft- x mr H *r> K VtfA 4* itfSP3 m »> 3>wl t'y-' pfisS!PtH£ Y ?S3Bsp<T i-
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  • Page 39 Advertisements
    • 48 39 Real Estate Sales Leasing Management Valuations All part of the JLW service. We are the international property people with the local know-how. 3905/7 OCBC Centre Chutia Street Singapore 1 Tel: *****4,***** Offices also in Hongkong, Kuala Lumpur, New York and throughout Australia, U.K., Europe and the Middle East.
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  • Page 40 Advertisements
    • 198 40 7ft 13 .•810 &019SGP 2 V V > V V* Y 1 v\ Vs. > ;vf. A\»fc\ y v *kV t \v a' V"— snno s? JDte SEIKO QUARTZ -J.fs imnorlant to-iemember the qooc old saying that time jts fn r rrtmnp. It 's imperative to tide over 'rnne lyvznc!
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    • 167 40 A pioneer that created a legend Established nearly half a century ago by Mr. C. K. Tang the House of Tang had its humble beginnings in a little shop house selling curios. From those days, his objectives were already clearly defined to maximise the shoppers 1 pleasure through quality merchandise
      167 words