The Business Times, 16 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. 218/1/78 WEDNESDAY, AUGUST 16, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Alumina plant
      73 1 AFP JAKARTA, Tues. The West German company, Klockner, is expected later this month or early September to sign a US$45O-million (Ssl billion) contract with the Indonesian government for the construction of an alumina plant in Blntan island, south-east of Singapore, a Mining Ministry spokesman said here today. The
      AFP  -  73 words
    • Article
      Lock icon Aid critics beaten
      52 1 Reuter WASHINGTON, Tues. President Carter's supporters in the House of Representatives have defeated an attempt by foreign-aid critics to slash US contributions to international lending agencies. House members voted yesterday to cut appropriations to the agencies, which finance Third World development projects, by Just U5524.9 million (5557.3
      Reuter  -  52 words
    • Article
      Lock icon China buys Toyota
      71 1 Reuter TOKYO, Tues. Toyota Motor Sales Company reported that it has received orders for 670 minibuses, worth about 1.8 billion yen (about Ss2o million) in total from China. Industry sources said China has also ordered about 100 mini-buses more from other Japanese vehicle manufacturers. The big orders
      Reuter  -  71 words
    • Article
      Lock icon Toast to the weather
      71 1 AP LONDON, Tues. Coffee prices soared today for the second consecutive day as brokers here received private telex reports from Brazil about adverse weather conditions in coffee-growing areas. From yesterday morning to midday today, Ro-busta-type green coffees rose by £185 (*****) a tonne for immediate deliveries
      AP  -  71 words
    • Article
      Lock icon Output higher
      58 1 AP WASHINGTON, Tues. The first increase in output of consumer goods in three months helped boost US industrial production by 0.5 per cent in last month. The moderate increase was the same as in both May and June and reflected the gradual slowing of the economy following much
      AP  -  58 words
    • Article
      Lock icon General's fears
      61 1 Reuter JAKARTA, Tues. A leading Indonesian general today voiced concern over the peace and friendship treaty between Japan and China saying it could affect stability in South-east Asia. Lt. General Sayidiman, Governor of the National Defence Institute, said the treaty would cause the current rivalry between China and
      Reuter  -  61 words
    • Article
      Packaging contest
      37 1 THE SINGAPORE Manufacturers Association will hold a contest to raise the standard of packaging here. Several awards will be given for the best packaging sets, and two companies can combine and submit a joint entry.
      37 words
    • Article
      Lock icon Dow Jones
      58 1 UPI NEW YORK, Tues. Stocks were slightly lower early today as investors weighed the dollar's continued slide abroad and an Industrial production increase at home. Trading was active. The Dow Jones Industrial average was off 1.38 points to 886.77 around 1500 GMT. Declines led advances, 643 to 431,
      UPI  -  58 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      132 1 Rises Most active Petaling 770 65 F'aber Merlin 1,134.000 Sungei Besi 635 +25 UOL 1.120.000 UOF 270 +21 UOF 645 000 H K Land Kemavan CCM Kothmans 600 230 498 535 +20 +20 18 15 12 Harimau 535.000 Pahang Cons 526.000 Total Turnover: 13.22 m Hong Leung
      132 words
    • Article, Illustration
      In Kuala Lumpur
      180 1 Rises Most active YeoHS 3.40 .30 Haw Par 653,000 Rothmans 5.40 .30 F. Merlin 550,000 OCBC 10.20 .20 Pahang Cons 476,000 A Hitam Tin 11.30 .20 UOL 473 000 Kuchai Rahman Hyd 1.65 5 75 .19 .15 .15 Total Turnover 8.16 m N Iron 6.35 Total Value:
      180 words
  • Article, Illustration
    Acma and Setron the trail blazers
    741 1  -  JOINT VENTURE IN B'DESH By FONG MEW LENG TWO SINGAPORE companies In the electronics and the electrical Industries are joining forces for the first time in a venture In Bangladesh to manufacture under one common brand name. The Bangladesh government is expected to take
    741 words
  • Article
    CONSUMER INDEX UP 1.2pc IN JULY
    257 1 AN INCREASE in bus fares and higher food prices exerted slight inflationary pressure on the cost of living in Singapore, according to the latest Government statistics. A 5.5 per cent rise In transport and communications costs and a 0.9 per cent rise In food
    257 words
  • Article
    Six issues to bowl the investors over
    653 1  -  By QUEK PECK LIM AT LEAST half a dozen companies are preparing to come to the stock market. This will provide enough issues in the pipeline to see investors through to the end of the year. Market sources say that no dates have
    653 words
  • Article
    POSB interest rates
    175 1 THE Post Office Savings Bank (POSB) yesterday announced further details of its two-tier interest rate structure. Under the new terms, an Interest rate of 5 1/4 per cent will be given for deposits of $100,000 and less. For deposits exceeding that amount, an interest rate of 3
    175 words
  • Article
    Telecoms to buy 350,000 telephones from Belgium
    297 1  -  By SIVA ARASU TELECOMS hu awarded a $25-million contract to 801 l Telephone Company of Belgium to supply 350,000 telephones. A letter of intent was sent to Bell (a subsidiary of the American Arm) and the contract will be signed soon, said a
    297 words
  • Article
    First half bumper puts DBS in the vanguard
    576 1  -  «y ARTHUR NG DEVELOPMENT Bank of Singapore yesterday unveiled bumper interim earnings, setting itself firmly on the pedestal as the fastest growing domestic bank so far. For the first half year ended June 30, 1978, both the bank and the group recorded
    576 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      29 1 whatever you need in menswear, get it at... MOHAN'S DEFT. STORE (PTE.) LTD. sn. Orchard Road "W *****22 (not to Mandarin Hotel) •ranch 101, langMn Shopping Cantra MOMMI oai(y9am-9pm
      29 words
    • Advertisement
      Page 1 Advertisements Column 2
      44 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant jWv hehrv nnc rgemies pie ltd 9 LENGKEE ROAO SINGAPORE j TEL 63J>IM 1 i BRUNEI AGENT RELIANCE DISTRIBUTORS 144 B JALAN CHEVALIER.BANDAR SERIBfcG AW AN BRUNEI TEL ***** IHJ tFU
      44 words
    • Advertisement
      Page 1 Advertisements Column 3
      82 1 PRIVATE factory tales picking up 2 ROLE of applied phytic* in Atia's development 2 JURONG Shipyard's hope 5 SLUMP does not deter new launching! 6 THE big bail-out in Japan 7 SHIPPING TIMES FORUM on trade 7 FIRST-half pre-tax jump at Shangri-La 11 FIRM demand for all Berjaya Kawat product*
      82 words
    • Advertisement
      Page 1 Advertisements Column 4
      289 1 H LANIER COURIER the perfect secretary... 5" high 2Va w wide 10 oz. wt. works 24 hours a day and never grumbles SoitAg««:D(M RW,1M:*****8/53T163 The Olivetti Copia 405 copies anything crisply in only 4 seconds. It has built-in extras that are unique. Olivetti's beautiful compact, desk-top Copia 405 copies just
      289 words
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  • TRADE AND INDUSTRY
    • Article
      Seminar on health and safety at work
      174 2 THE SINGAPORE Society of Occupational Medicine and the Singapore National Safety First Council are organising a regional seminar on occupational health and safety at the Hotel Royal-Ramada from Sept. 18 to 20. The seminar will discuss topics of particular importance to the health
      174 words
    • Article, Illustration
      Factory sales building up on freehold land
      470 2  -  By TEO TECK WENG INDUSTRIAL property development Is rarely easy and as a rule of thumb, It requires a more comprehensive market survey than that needed for residential or commercial developments. As a result, there are relatively few developers In this sector of
      470 words
    • Article
      Lock icon TAIWAN TO EASE LORRY IMPORTS
      331 2 Reuter AFP TAIWAN'S Board of Foreign Trade will soon relax control on imports of lorries and lorry chassis with a loading capacity of more than 3.5 tonnes, mainly from Japan. Since April, imports of large lorries have been limited to European and American models, a
      Reuter; AFP  -  331 words
    • Article
      Deutsche exec to open bank
      122 2 A TOP executive of Deutsche Bank, Dr. W. Guth, will arrive here on Sept. 5 to open hi# comGany's merchant bank, leutache Bank (Aaia Credit). During his three-day visit, he will call on Prime Minister Lee Kuan Yew; Finance Minister Hon Sui Sen and the
      122 words
    • Article
      VISIT BY HARRIS ECONOMIST
      95 2 A NOTED American economist and executive vice-president of the Harris Trust and Savings Bank JDr Beryl W. Sprinkel, will be coming to Singapore on Oct 9. He is a consultant to various US government agencies and congressional committee*, and a member of Time Magazine's board of
      95 words
    • Article, Illustration
      Food at the window
      425 2 A and W will open a drive-in restaurant early next month in Kallang Park (at the junction of Mountbatten Road and Stadium Road). The new drive-in will be the second to be set up by A and W this year bringing the total in Singapore to
      425 words
    • Article
      Investment data
      222 2 THE latest edition of the Investor's Guide is now on sale at 10 a copy. Foreign investors will find between its covers comprehensive coverage of Investment prospects here. Published by the Singapore International Chamoer of Commerce, this sixth edition was revised last month. The guide has a chapter
      222 words
    • Article
      Chartered Bank officers' course
      84 2 FIVE officers of the Chartered Bank are now attending an eight-day course on lending, marketing and Industrial relations at the bank's training centre in Upper Thomson Road They are: Messrs K.S. Mohd. Abdullah, John Leow Lip Chuan, Eng Cher Chiew, Gabriel Foo Thlam Shin and Tan
      84 words
    • Article
      Lock icon Fresh mutton on the way
      178 2 AFP SUPPLIES of mutton in Malaysia from imported sheep which had been stopped temporarily in most parts of the country would be available again In a few days. The Selangor Livestock Company, the sole Importer and distributor of sheep, would be sending sufficient supplies from
      AFP  -  178 words
    • Article, Illustration
      Applied physics vital to Asia's progress
      694 2  -  By RONNIE LIM IN ASIAN countries, especially those undergoing rapid industrialisation, applied physicists must necessarily play a major role in the country's development. The reason for this Is very simple, said Dr. R.S. Bhathal. director of the Singapore Science Centre and secretary of the
      694 words
    • Article
      KL manufacturing leads exports
      342 2 THE MALAYSIAN manufacturing sector emerged as the star export performer during the first quarter of the year, in contrast to the generally poor showing by exports of primary products. This growth was spearheaded by exports of electrical machinery, appliances and parts which took the manufacturing sector
      342 words
    • Article
      Lock icon BUSINESS DIALOGUE
      129 2 AFP TOP Chinese businessmen from both sides of the Causeway will meet in Singapore this Sunday on a wide range of issues in the context of Asean trade and economic cooperation. According to the executive secretary of the Malaysian Associated Chinese Chambers of Commerce and Industry, Mr. Ong
      AFP  -  129 words
    • Article
      MEMO PAD
      466 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateship Course, SITC, SITC Aug 7-28: Cost Accounting and control, Hotel Royal, NPB Aug 7-29: Marketing management, Holiday Inn, NPB Aug 12 Sept 2: An understanding of company law, SIM, SIM. Aug 14 25: Income tax law and practice,
      466 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      91 2 IBMERLIM HEALTH CLUB An inexpensive way to keep fit. NOW OPEN FOR MEMBERSHIP Entrance Monthly Fee Subscription Ordinary Membership Members of public $300 $20 Family Membership Each additional person (no charge for children under 12) $50 $5 Corporate Membership Four nominees; membership transferable for fee of $30 $1000 $80 For
      91 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      666 2 I TWO-IN-OHE CROSSWORD 1 CRYPTIC PUZZLE 4 Material for some dainty cover? (6) 7 Work that's too much for Father?(B) 8 Beer colour? (6) 10 Like baize with a hole in it? (5) 13 Foot cushions (4) 14 Heal change for the noble (4) 15 Can you save water in
      666 words
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  • OVERSEAS
    • Article
      A sweet reprieve for buyers
      210 3 US President Carter's administration yesterda-y modified its proposal for legislation to protect sugar Sowers' incomes without rther raising sugar prices to consumers. The new proposal would have-no direct effect on retail sugar prices, which have risen by about US 3 cents per 455 grams since
      210 words
    • Article
      Lock icon ECU definition still stumps the deputies
      460 3 Reuter DEPUTIES of the EEC monetary committee agree that progress on the complex technical problems Involved In a new European Monetary System (EMS) can only be solved at a higher level. Informed sources in Brussels said this is the conclusion after two meetings they
      Reuter  -  460 words
    • Article
      Lock icon UK HESITANT ON TAKEOVER BY PEUGEOT-CITROEN
      720 3 Reuter AFP BRITISH Industries Secretary Eric Varley has said that it may be several weeks before he decides whether to approve the proposed multi-milllon-dollar Chrysler Car Company takeover by Peugeot-Citroen of France. The UK government will examine the deal in detail before deciding, and
      Reuter; AFP  -  720 words
    • Article
      Lock icon China 'yes' to credits
      189 3 Reuter CHINA Is now prepared to accept credit but will not push its indebtdedness beyond levels it can afford. UK Trade Secretary Edmond Dell, speaking in London after a 12-day trade mission to China and Hongkong, said the Chinese authorities had accepted that trade between Britain
      Reuter  -  189 words
    • WORLD IN BRIEF
      • Article
        Lock icon PLUS SIDE OF DOLLAR FALL
        539 3 Agencies THE decline of the US dollar on world foreign exchange markets over the last few months has had at least one good result for the United States: It can look to 5.1 million tourists this year, 13.4 per cent more than last year. "We
        Agencies  -  539 words
    • Article
      Lock icon Carter will not beef up imports this year
      169 3 AP PRESIDENT Carter Mid yesterday at a farmer* convention that he will not allow any further expansion of beef imports this year. Mr. Carter said things have changed for the better after last winter's farm strihe. The President, hoping to mahe political
      AP  -  169 words
    • Article
      Treasury bill yields spark rate rethink
      836 3 XJ££l ds on three-month US Treasury bills rose at the latest auctions after declining for four consecutive weeks, reflecting a shift in sentiment that interest rates have peaked. In contrast with the beginning of this month, money market analysts and fixed Interest security dealers
      836 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      81 3 I *Our 747s fly non-stop Vmi evening. Also to Melbourne four times and Brisbane three times a week. It's nice to have I you with us* t Please contact your travel agent or British Airways Reservations. Tel: *****4 British airways We'll take more care of you. v. ■s4*v> ill rfr?
      81 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      463 4 THE Singapore market closed firmer with September One RSS buyer yesterday quoted at 238.75 cents/ kilo, up 4.25 cents. The afternoon market was taken to a peak of •239.00 cents for the current month on further speculative buying before easing back fractionally on some profit-taking, they
      463 words
    • Article
      RAS PRICES
      400 4 R A S prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 R.S.S. prompt f.o b. 236 25 237.25N 238.00 239 00N Int 1 R.S.S. Sept 237 00 237.25 238.75 239 25 Int. 1 R.S.S. Oct 237.25 237.50 238
      400 words
    • Article
      SSR AND SMR
      117 4 NOON SSR and SMR prlres yesterday HAS September October (Current Mth) (Forward Mlh) Buyers Seller* Buyers Sellers (cents per kg) (cents per km SSR 20 (1-ton pallet) 213 00 214 OOS 214 00 216.00N SSR 50 (1-ton pallet) 211.00 213 00N 212 00 214 OON MRK1-B SMR
      117 words
    • Article
      Palm oil
      79 4 C.I.C. North European ports. In US dollar per ton unless otherwise stated v LONDON: Monday Previous Malaysia ffa bulk per tonne Ortober Sumatra .Vs ffa bulk August September Ortober November December Nigeria 5% ffa bulk stR 581 sir 622'a pd 600/610 pd 582'i/587'>pd 565/567'>pd unch unq 551 sir
      79 words
    • Article
      Closing prices
      31 4 Rubber: Aug 15 Singapore: Sept 23K.75 cents (up 4.25 cents) Malaysia: Sept 243.75 cents (up 4.25 cents) Tin: MS 1,784 (up $23) Official offering: 213 tonnes (up 13 tonnes)
      31 words
    • Article
      Cocoa
      235 4 TERMINAL cocoa was steady holding within a narrow traded range on Monday in London. End-morning gains ranged from three to 10 sterling per tonne although prices finished Just below the highs. Turnover totalled 590 lots of which 90 lots were crossed. Three options were traded. Dealers said the market
      235 words
    • Article
      Produce exchange
      408 4 THE coffee market was unsettled yesterday on the Singapore produce market on reports from overseas dealers that conditions were favourable for the formation of frost In the producing areas of Brazil. The Brazilian government weather office confirmed frost warning for some parts of the country with the forecast
      408 words
    • Article
      Hongkong Comex
      177 4 THE sugar market yesterday eased about 0.30 US cents In continued dull trading, with 12 lots traded. The Hongkong dally spot sugar price eased 0.30 to 7.10 cents, following New York's September close of 7.08/12. The cotton market closed easier in continued quiet trading, with eight lots traded
      177 words
    • Article
      SPOT PRICES
      205 4 CLOTH In Hongkong dollars, wholesale prices spot ex-godown (otU»n Cloth- Irwlm Hrnmn Head onq Japan (No 2023) M SO. Shirting 65 40. Hongkong Oolden Peak (MxMl 65 50 Drills: HK Kow Fook Brand (No 202) 58 M. Japan |No ***** 59 00 While Cloth: Japan No 18.000 Three
      205 words
    • Article
      Sugar
      381 4 SUGAR futures yesterday sold off at the first call from Monday night's substantially lower kerb levels but finished with pared losses of €3.40 to £2.75 per tonne. Prices during the call had eased by up to £4.10. Dealers said the market was directly Influenced by New York's sizeable overnight
      381 words
    • Article
      Rice
      114 4 BANGKOK rice prices were unchanged yesterday. The HONGKONG market was quiet with prices unchanged, dealers said. Turnover totalled 343 tonnes comprising Thais 104, Kwangtungs 141 and Australias 98. The only arrival was 340 tonnes of Australias. US dollars per tonne fob basis Bangkok White Rice 100 pet Ist class
      114 words
    • Article
      Straits tin
      212 4 THE Straits tin price In Penang yesterday rose another MS23 per plcul to $1,784. The market firmed In line with London's overnight rally and on strong local and US buying support. Turnover Increased slightly to 213 tonnes from 200 tonnes on Monday with 15 to 20 per cent
      212 words
    • Article
      Zinc
      81 4 ZINC on Monday closed ■i' 0.25 lower for cash and £0.25 per tonne higher for Three Months. Prices held steady during the afternoon aided by some chartist supEort around t'33o per tonne, asls Three Months. In the morning values had Initially gained upto £2.50 following higher copper and lead
      81 words
    • Article
      Lead
      69 4 LEAD closed £6.50 higher for both cash and Three Months on Monday. This market after lunch fully maintained the morning's advance aided by chartist support and good trade buying, which dealers believed was against physical business although details of this were lacking. In the morning prices moved ahead against
      69 words
    • Article
      Coffee
      235 4 ROBUSTA futures In London yesterday ended an extended opening call slightly "easier" but still with gains of £47 to £7 per tonne. Profit-taking coupled with some light hedge selling trimmed earlier gains. Initially trade and commission house buying which Rushed values sharply lgher may have Incorporated some producer activity,
      235 words
    • Article
      Wheat
      169 4 CHICAGO wheat futures gained 6-14 to five cents a bushel In late morning trade on Monday. Traders said prices rose on exporter pricing, possibly linked to rumours of a wheat sale to China. The rumour was fuelled by news that the wheat crop In China's Shensl province, a major
      169 words
    • Article
      Soybean
      185 4 CHICAOG .soybean futures closed up 16-1/2 to 14 cents a bushel on Monday. Traders said prices rose on local short-covering following news on Friday that the usda would not increase its earlier estimate of the 1978 US soybean carryover. The market eased fractionally at the close on heavy commission
      185 words
    • Article
      Copper
      293 4 COPPER closed C&.50 per tonne higher for cash and £4 up for Three Months wlrebars In London on Monday. Values after lunch improved slightly on the morning's advance aided by US producer Asarco's one cent per lb price rise dealings, however, were rather quiet. Dealers said continued strike action
      293 words
    • Article
      Silver
      183 4 THE HONGKONG market closed HKS3.SO higher at $269.00 per 10 ounces In continued thin trading yesterday, dealers said. The fixing price rose S5 to $269.00, while turnover was estimated at 10,000 ounces, they said. LONDON sliver ended Monday morning with gains of 1.2 to 0.9 pence per troy oz.
      183 words
    • Article
      Gold
      474 4 THE bullion market in Singapore was very hectic ana nervous due to the violent fluctuations of gold prices In the international market. The kllobar opened at $15,377 and closed $100 higher at $15,477. The highest and lowest of the day were recorded at $15,530 and $15,377 respectively. Spot gold
      474 words
  • MONEY AND EXCHANGE$
    • Article
      Singapore market
      641 4 THE falling American dollar opened a few hundred points lower than Its overnight level against major currencies on the foreign exchange market yesterday. New lows were recorded against the yen, mark and the local unit. Against the yen, the US dollar opened about 400 points lower than the
      641 words
    • Article
      Asian $ & CD rates
      159 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on Aut IS US DaUar (Spat) Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .8 1/8 .83/16 .8 3/8 .8 5/8 .813/16 .8 7/8 .815/16 8 81/16 81/4 81/2 811/16 8
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    • Article
      Discount
      45 4 RANGE of prices offered by discount houses on Aug IS: Overnight 3H% Call deposits 3'tS Ck»iag Buying Seiliag 3-month Treasury bill 3 3/8 31/4 3-month Bank bills 61/8 S 3-month CD #7/16 6 5/16 6-month CD 61/2 6 3/8 Source: National Discount Co. Ltd
      45 words
    • Article
      MLR
      21 4 THE average rate at which Singapore banks are currently prepared to lend to their best customer* is 7 per cent.
      21 words
    • Article
      Euro $ rates
      135 4 Euro rates TRADING Interest in London yesterday was exceptionally light because of holidays in some European centres, and following further falls in the US dollar on foreign exchange markets, dealers said. Rates were mostly unchanged. Among periods, Three Months was adjusted 1/8 higher 8-9/16, 8-7/16 on a Friday end, while
      135 words
    • Article
      London
      262 4 THE dollar plumbed new lows against the strongerEuropean currencies and sterling was at its highest level in dollar terms for almost 2-'/i years yesterday, dealers said. Trading was hectic with a large volume of business transacted and no major evidence of central bank intervention reported. Sterling flipped briefly over
      262 words
    • Article
      New York
      315 4 THE dollar plummeted to record lows against many currencies in active and at times hectic trading on Monday. They said the US currency declined relatively sharply in the afternoon following a period of stability around midday, which in turn came after a sharply lower opening. They said the
      315 words
    • Article
      Tokyo
      133 4 THE dollar recovered In moderate late trading, fluctuating between 182.50 and 182.90, on profit-taking and buying by foreign and Japanese banks to adjust oversold positions after an initial fall, dealers said. Dealers said they believed the Bank of Japan bought a small amount of dollar probably about five mln,
      133 words
    • Article
      Hongkong
      114 4 THE Hongkong dollar yesterday eased sharply In thin, nervous late trading to 4.7750/7800 to the US dollar from Its opening 4.7510/90, dealers said. The US dollar fell to a late 181.80/182.00 yen un- changed from Its opening here but down from New York's closing 183.00/10, and eased narrowly to
      114 words
    • Article
      Frankfurt
      48 4 FRANKFURT exchanges doling prices on Aug 14 US 1 9490/9500 <3»n *****/80 Sterling 3 862/872 D Ft 92 10/20 S Fr 122 50/80 rpt 122.50/80 Lit 2 373/383 F Fr 46.05/15 Yen 1 0665/80 B Fr (con) 6.350/60 B Fr (fin) 6 112/112 N Kr 37 77/87
      48 words
    • Article
      Australia/NZ
      59 4 AUSTRALIA/NZ exchanges quote* yesterday US dollar 1 1683/1 1645 Sterling 0 M9VO MHO Ninety-day all mall buying rates: Sterling 0 MM US dollar I 2028 Ninety-day forward buying rates Sterling 0 5807 US dollar 1 1833 NEW ZEALAND Sterling 0 5380/0 5361 US dollar 1 0784/1 0664 Ninety-day airmail
      59 words
    • Article
      Zurich
      62 4 ZURICH exchange* closing que ilea on Aug 14: US 1 5640-5870 Sterling 3 1306-1375 Can 1 3915-3947 D Mk 81 3142-5100 D F1 74 7344-9292 F Ft 31 4028-5621 B Fr 5 159#-1744 D Kr 28 3610-4298 N Kr 30.6977-7664 S Kr 38-1231-1996 Lit 0 1925-1931 A us tch
      62 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      140 4 THE SEKLOONGS NOW in FONTAIS Paperback s HIS MAGNIFICENT BESTSELLER OF A GREAT HONG KONG FAMIIY i "Power and poignancy descriptive brillance." CHICAGO TRIBU are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably richJonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are no heirs
      140 words
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  • TRANSPORT
    • Article, Illustration
      Shipbuilding gloom rubs off at ceremony
      579 5  -  By PETER CHIA SOLEMNITY pervaded the contract signing ceremony between Neptune Orient Lines (NOL) and Ishikawajlraa Harlma Heavy Industries (IHI) of Japan yesterday, partly reflecting the sombre mood that prevails in the world shipbuilding industry today. The contract is for two fully cellular containerships
      579 words
    • Article
      Lock icon PAL LANDS $172 m LOAN IN HONGKONG
      335 5 AP Reuter PHILIPPINE Airlines (PAL) signed an agreement in Hongkong on Monday to borrow US$75 million (Ssl72 million) from a syndicate of 14 international and regional banking firms. Chase Manhattan Asia Ltd., a Hongkong-based subsidiary of the Chase Manhattan Bank, said the funds
      AP; Reuter  -  335 words
    • Article, Illustration
      SHIPS IN PORT
      311 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Banglar Progotl (1500) 23/24 Cfentaur (0630 45 Jurata (0500 33/34 Kota Singapura (0800) 45 Nedlloyd Merwe (after Toledo sails) 3/4 Protesllaus (after Curacao Maru) 8/9 Qulrlnale (after Curacao Maru Kaptanlkos) 6/7 Santiagao Del Estero (1200) 18 Temburong (1700) 21 East Toleda (0600)
      311 words
    • Article
      Lock icon New charters reinforce tanker rates' upward trend
      332 5 Reuter MONDAY'S chartering ol several VLCCs (very large crude containers) at near double the rates a month ago reinforces the belief of London brokers that the new upward trend will continue for at least two months. Market sources said the vessels have been
      Reuter  -  332 words
    • Article
      Lock icon Braniff cuts fares
      67 5 Reuter BRANIFF International of the US will reduce Its round-trip standby airfare between Dallas/ Fort Worth and London to US$299 from $349 (***** from $785), from Sept. 1. The budget fare will also be reduced to $299, a decrease of 14 per cent, while the advance purchase
      Reuter  -  67 words
    • Article
      FAR EAST FREIGHTS
      1068 5 EIGHTEEN container ships are up for sale as owners and brokers look for more purchases of container vessels in South-east Asia. Freight rates are chaotic. A conference member dropped rates by 57.89 per cent in one sector. Another conference member immediately offered a further 12 per cent
      1,068 words
    • Article
      Lock icon LONDON FREIGHT
      198 5 UPI MOVEMENT of grain from the North American origin attracted most of the market Interest as the week's trading got under way. Japan was the destination for a 43,000-tonne heavy grain sorghum-soya-bean cargo loading In the US, Gulf In a Sept 1 to 10 position for which the
      UPI  -  198 words
    • Article
      CPA flights switch
      90 5 CATHAY Pacific Airways has changed the flight schedules for Its services to Penang and West Asia since it Introduced Its seventh Super Trl Star yesterday. Flights to Penang which continue on to Bangkok and Hongkong from Singapore, are now scheduled for Tuesdays. Thursdays and Saturdays. Flights to
      90 words
    • Article
      British shipyard nets its biggest single contract
      199 5 STATE-OWNED British Shipbuilders has won its biggest single ship contract, an order from British Petroleum for a £60 million (SS27O million) emergency support vessel. The order goes to the corporation's Scott Lithgow Yard on the Lower Clyde, and work on the vessel will
      199 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      756 5 ARRIVALS Service Local Operator .Number Time From TMA TL374 0530 TPE MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0615 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP GIA GA980 1030 HLP THAI TG423 1035 BKK
      756 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      69 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 4 Coll us for you. local or onward reservations COPYING PROBLEM SOLVER N0.2 New Toshiba BD-704 Uses ordinary paper Top copy quality Lower copy costs Completely dry system Inaeased copying speed Quick warm-up time Quiet operation Compact size Copies on both
      69 words
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  • Article
    Manufacturers on right tack
    570 6 Recent moves by local manufacturers to Invest abroad augur well for the long term survival of Singapore's Industries. The investment of Singapore's resources overseas Is commendable in many ways, not least the fact that the spate of new companies set up by local Industrialists over the
    570 words
  • Article, Illustration
    Ship slump... but orders still being launched
    2143 6  -  By LUGMAN ARNOLD and KNUT AULIE Mr. Arnold is the asistant vice-president of MANTRUST and Mr. Aulie Is a shipbroker with F earn ley A Egers. They are both based in Singapore. THE MEDIA are full of stories of laid up tonnage and
    2,143 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      311 6 Sandeman's Cream Sherry You don't have to pay a high price for a good Cream Sherry. N. Another quality product from (^j^j m.... 405/407 Havelock Road, S'pore 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Toto and his
      311 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WEATHER WE A THER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Weather report for 24 hours prior to 7.30 p.m. on Aug 15 at the airport: Maximum Temperature Associated Humidity Minimum Temperature 23.6° C Associated Humidity 99 pc Hours of Sunshine Rainfall in Millimetres 22.7 Total
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      275 6 :T.V;£ffiWDTO SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies What Happened To Shorty (Repeat) 0 3.30 Diary Of Events (Malay) 15 3.35 Bonanza" 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction Glen Tinker Caper (Repeat) 0 6.30 News in Brief' 6.35 Timang Tinggi Tinggi (Malay-Re-peat) 0
      275 words
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  • Article, Illustration
    Lock icon Winter of discontent won't go away
    1511 7 THE first hint of a Britishstyle government rescue operation for the ailing Japanese shipbuilding industry came just over a month ago, with the Japanese government's intervention in the nearcollapsing Sasebo Heavy Industries Co's fate, with the support of banks and the yard's leading stockholders.
    Sources: The Ministry of Transport  -  1,511 words
  • Article, Illustration
    STRAWS IN THE WIND
    412 7 THIS cute little pop-up 3D card, a child's delight, was the Shangri-La Hotel's way of telling us that its new Garden Wing will be opened officially by Dr. Goh Keng Swee. deputy Prime Minister and Minister of Defence, on Saturday evening. Being Just children at heart,
    412 words
  • Article
    UN agencies accuse multinationals of drug abuse
    812 7  -  FORUM i f I ...on trade By JEREMY BUGLER Jeremy Bugler is a writer! for the Financial Times of London. THE United Nations Is fighting an "undeclared war" on the multinational drug companies, combating what the World Health Organisation's director general calls "drug
    812 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      356 7 afa S i New Japanese Restaurant KIKU# serving authentic Japanese food A i TeppanYikki *~lempura Shashimi *Sukivaki *ShabuShabu KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road Singapore 11 Enchanted evenings in fine European tradition. Mirabelle 4 JrK "i/ ir J All the ingredients for an enchanted evening are
      356 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      53 7 BriStoW: Frank Picfcens I U£U.,I'U Se IF IT ISN'T fi£P*THeR£D F£i€.ND W»NGiNG HiS u)£P>(2n/ uoFYy &?OC M»S SOJOUCM in THC SUN O' -W HRuO. OLD E>PiCx: I I DIDM'T £.*P&CT Oi €JL you Fcg ftces U)C HPM£.N'T HpsD PlNy U)HP*T prttGHT CALL Q.£P>l U>eP<TM£^ I V TO NOU) LOCVt COT
      53 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Stocks drift lower
      590 8 TOKYO Source: DBS-Daiwa. DISCOURAGED by the news that the yen rate recorded a new high, prices drifted lower yesterday after opening relatively strong. Most exportrelated Issues declined although some non-margin Issues picked purchases pushed U0 Kaken Chemical, which has been a recent market leader among the pharmaceutical
      Source: DBS-Daiwa.  -  590 words
    • Article
      Lock icon Hongkong
      426 8 Source: SHK Sec THE MARKET continued to advance to a five-year record turnover yesterday, buoyed by art investment report from a Japanese broker predicting the inde* to reach 800 by the first half of 1979 and a recommendation to buy propertyrelated shares. The acute shortage of property shares was
      Source: SHK Sec  -  426 words
    • Article
      Sydney
      381 8 THE market firmed yesterday. with trading buoyant in the mining sector while some prebudget caution was in evidence among industrial stocks, dealers said. Following higher prices on the London Metal Exchange overnight, Mim rose eight cents to A 52.40, Hamersley five cents to $2.48, Central Norseman 20 cents to
      381 words
    • Article
      Manila
      174 8 THE market closed mixed yesterday. with commercials and minings higher while oils declined, dealers said. Turnover rose to 37.14 million pesos from Monday's 33.65 million. Gainers included Atlas Con B. Benguet Con B, PLDT, San Miguel B and Oriental B. Losers were Basic Petroleum, and Seafront while Marlnduque B,
      174 words
    • Article
      Shares move slightly higher
      1159 8 NEW YORK STOCKS moved narrowly higher In moderately active trading on Monday, helped by hopes for a further reduction in capita) gains taxes However, analysts said a disappointing report on wholesale prices last week has revived fears that a resurgence of Inflation could put upward pressure
      1,159 words
    • Article
      Amsterdam prices close mixed
      342 8 EUROPEAN MARKETS SHARE prices In Amsterdam closed mixed with Dutch Internationals lower following the weak dollar, led by Royal Dutch and Unilever, O.SO and 2.10 guilders lower respectively. In after bourse trading. Unilever roae about two guilders on the announcement of Its higher second quarter and
      342 words
    • Article
      Amsterdam
      168 8 AUG 14 FU ABN 3«7 SO +0.3 Ahold 108 20 1.2 Akzo 31.50 -0 1 AMEV 83 40 -0 4 Am (as 109 50 4-1 Amrot Bank 78 30 -0.3 Bergoss Berk Bots 70 SO -0 2 BorsumlJ Rurhmann Byenkorf 91 00 unrh Calve Delft DeliMIJ 127 50 +0.2
      168 words
    • Article
      Frankfurt
      218 8 AUG 14 Dm Aef-Telefunken 77 20 *0.4 Akzo 28 80 unch All* Leben 695 Allz Vers 484 +7.5 BASF 134 -0 4 Bay H T Wb&nk 290 B unch Bay Vbank 331 unch Bayer 136 90 +0.2 BBC 309 -2 BMW 227.50 unch Casselia 390 1 Chem Verw 268
      218 words
    • Article
      Zurich
      199 8 AUG 14 Franc? Actions Suisse* 267 unch Alusuisse Br 1220 -30 Alusulsse Reg 510 -5 Brown Boverl Br 1635 ClbaGelgyBr 1060 -40 Ciba Gelgy PC 780 -25 Ciba Geig> Reg 565 -3 Credit Suisse Br 2240 -10 Credit Suisse Reg 416 1 Elektrowatt Br 1860 -15 George Fischer Br
      199 words
    • Article
      Selected indices
      62 8 FINANCIAL TIMES INDUSTRIALS Monday 513.5 Friday 514.8 Week Ago 505.4 DOW JONES AVERAGE INDUSTRIALS Monday 888.17 Friday 890.85 Week Ago 885.05 LONDON DOLLAR PREMIUM Monday 105 to 105'i Friday 105V, to 106 H.K. HANG SENG Tuesday 647.98 Monday 631.54 Week Ago 615.64 SYDNEY INDUSTRIALS Tuesday 442/50 Monday 442.82
      62 words
    • Article
      Lock icon Procter and Gamble profits hit highs
      218 8 Reuter PROCTER and Gamble said its profits for the fourth fiscal quarter and full year were at record levels. The leading US soap maker said net Income rose 9 per cent to a U*****.6 million or $1.25 a share while sales were up 14
      Reuter  -  218 words
    • Article
      CHICAGO BOARD OPTIONS
      2138 8 August 14 CHICAGO board Options Exchange volume eased to 110,830 contracts on Monday from 132,457 last Friday. OPTIONS OCT JAN APL STOCK Alcoa 40 6 5/8 UNTRD UNTRD 46 3/8 Alcoa 45 2 3/4 4 1/4 UNTRD 46 3/8 Alcoa SO 1 1/4 2 11/16 2 7/8
      2,138 words
    • Article
      Lock icon NEW OPTIONS SERIES
      64 8 Reuter LONDON: The stock exchange said it introduced series of traded options in Commercial Union Assurance Co Ltd for expiry in October, January and April with an exercise price of 180 p. It also said it would commence trading in a new General Electric options series with
      Reuter  -  64 words
    • Article
      Jo'burg
      319 8 AUG 14 Rand INDUSTRIALS A Alpha 135 unch Abercom 213 anch AE And CI 330 -J AMIC 1080 unch Barlows 433 -4 C| Sugar 445 unch CNA 180 B Currle Finance 84 urvch De Beers Ind 1200 unch Edcon 245S Edgars ***** unch Eveready 205S unch Fed Volk 210
      319 words
    • Article
      Toronto
      243 8 THE MARKET extended last week's gain, closing moderately higher In fairly active trading on Monday. The composite Index rose two points, with 10 of Its 14 sub-groups advancing, while gaining issues led losers 262 to 182. AUG 14 CS Abltlbl 14H Alcan 35S Algoma 23'» ♦S Bank Mont 23'.
      243 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      233 8 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader 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
      233 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Texaco confirms reports of gas discovery in canvon
      332 9 UPI TEXACO INC, confirmed the reports that it had found natural gas in "encouraging" amounts in Uw Baltimore canyon of the Atlantic Ocean 160 km off Atlantic City, New Jersey. It was the first finding of gas in the Baltimore canyon •after
      UPI  -  332 words
    • Article
      Lock icon Change in strategy a boon to Marriott
      1678 9 N.AMERICAN NYT ON THE FACE of it, little has changed. The Marriott Corp, the US$l billion food and lodging company begun as a nickel root beer stand 51 years ago, is still booming. Profit this fiscal year, which ended July 31, were up
      NYT  -  1,678 words
    • Article
      Lock icon Revamp allows ITO to invest oil income
      630 9 EUROPEAN A NYT LONDON: The wealthy Thomson empire, which owns the Times of London 'Z among scores of other things, plans to move its 1 operating base from Britain to Canada, which would allow greater opportunities to invest its profit from North Sea
      NYT  -  630 words
    • Article
      Aker group predicts lower profit ahead
      286 9 NORWAY'S Aker shipbuilding group Increased profits in the first four months of this year but foresees poorer profitability In the remaining eight months. Aker said there was a high level of activity at most companies in the group, but fears that there will not
      286 words
    • Article
      Lock icon Rembrandt discloses profit sources
      444 9 S.AFRICA L A FT REMBRANDT GROUP, the largest South Africanbased industrial multinational. has taken disclosure of its traditionary secret profit sources a stage further in the annual report to March 31 and in the process has restated the figures shown in its recent preliminary statement. At
      FT  -  444 words
    • Article
      Lock icon Nippon Steel
      96 9 BONDS&LOANS AP FRANKFURT: The Nippon Steel Corporation of Tokyo, Is borrowing 100 million Deutsche mark from an International banking consortium headed by the Deutsche Bank. The West German bank said In a communique that the loan would bear Interest at 5.75 per cent and be repayable in seven
      AP  -  96 words
    • Article
      Lock icon Murata
      29 9 Reuter MUNICH: The 40 million mark eight-year convertible bond for Murata Manufacturing Co Ltd will carry a 3-1/ 2 per cent coupon, lead manager Bayerlsche Verelnsbank said. Reuter
      Reuter  -  29 words
    • Article
      Lock icon DENMARK
      35 9 Reuter ZURICH: The 100 million Swiss franc 4.5 per cent 12year bond floated by Denmark at par on the Swiss capital market was oversubscribed, Union Bank of Switzerland said as Issuing consortium leader. Reuter
      Reuter  -  35 words
    • Article
      Lock icon Hooker denies responsibility over wastes
      800 9 NYT ALTHOUGH they are prevented from saying so, executives of the Hooker Chemical and Plastics Corporation are officially prevented by their parent company. Occidental Petroleum, from commenting on the Love Canal issue, except to say that although they are concerned, they are not liable for
      NYT  -  800 words
    • Article
      Lock icon Resorts up six-fold
      69 9 Reuter RESORTS International Inc. which opened the fii*st gambling casino last May, has reported a nearly sixfold profit increase for the first six months of this year over the same period last year. The company said net income for the six-month period which ended July 2 surged
      Reuter  -  69 words
    • Article
      Lock icon Telco maintains earnings despite power shortage
      568 9 ASIAN FT BOMBAY: Profit and revenue at Tata Engineering and Locomotive Company (Telco) were broadly maintained in the year to March, In spite of an acute power shortage at Jamshedpur, In Bihar where its plant is located, and labour unrest which disrupted production at
      FT  -  568 words
    • Article
      Lock icon Esso/BHP well tests positive
      106 9 Reuter MELBOURNE: Wireline tests in the Seahorse One well offshore Victoria recovered oil from several thin sands over the interval 1,427 ito 1.451 metres. Broken Hill Pty Co Ltd (BHP) reported. The commercial sign!-, ficance of the discovery is not known and will require further evaluation.
      Reuter  -  106 words
    • Article
      Lock icon PT Caltex reports oil find in Sumatra
      113 9 Reuter JAKARTA: PT Caltex Pacific Indonesia has announced an oil discovery In its operational area In the province of Rlau, eastern Sumatra. The new well. Obor Number One. Is located about 40 km west of the Durl field and produces 2.250 barrels per
      Reuter  -  113 words
    • Article
      Lock icon NIPPON YUSEN SEES BUOYANT RESULTS
      98 9 AFP TOKYO: The major Japanese shipping firm Nippon Yusen Kalsha (NYK) has reported a net profit of 3,118 million yen on 490,310 million yen consolidated earnings In the 1977 financial year. A NYK financial statement for the fiscal year ending last March noted that the
      AFP  -  98 words
    • Article
      Lock icon VW Brazil gives up Chrysler link
      180 9 Reuter VOLKSWAGEN DO Brazil SA has given up idea* of building light trucks in association with Chrysler Corp Do Brazil, Volkawagenwerk AG chairman Mr. Schmuecker said negotiations between the two companies broke down, but since Volkswagen produces such vehicles in Germany on its own,
      Reuter  -  180 words
    • Article
      Lock icon CONOCO'S 'NO CONTEST' PLEA
      109 9 Reuter CONTINENTAL OIL Co (Conoco) said it entered a plea of "no contest'* to federal charges that it violated pricing regulations in 1973-1974. The compan> said it paid fines totalling US$l5,OOO on one felony and misdemeanour charge, agreed to pa> a civil penally of $9X5,000 and
      Reuter  -  109 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      38 9 a division of PERKIN-ELMER is helping people the world over succeed with computers Let us help you, write or call: Perkin- Elmer Data Systems (Far East) Private Limited 30th Floor. UIC Building. Shenton Way. Singapore 1 Tel *****49
      38 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1718 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterdajtdth the number of shares traded ahoVrn in brackets in lots of 1.000 units unless otherwise specified AH Time Settlement Contracts are quoted after the word "sett Big Board deal (In
      1,718 words
    • Article
      Government bonds
      127 10 4 1/2% 1/8/88 (250,000) (99.BOB) (2) 99.85 4 3/4% IS/9/89 (250,000) (100.10B) 5% 15/4/81 (250,000) (100.458 100.628) 5% T F 1/5/83 (250,000) (100.358 100.458) 7% 1/8/86 (250,000) (100.758 100 90S) (6) 100.85 5 V 4% T F IWBI-84 (250,000) (102.558) 7 1/4% li/4/86 (250,000) (100.75B) 7 1/4% 16/19/86
      127 words
  • Article
    SHARE INFORMATION SERVICE
    2570 10 1978 High Low Company Last Sale +orGr's DW Div C'tt Gr'i Yld Net P/B Vol C969) Day Hick Lew SECTION ONE INDUSTRIALS IS 172 219 200 83 276 292 210* 595 132 123* 112 133 195* 60* 162 173* 140* 256 Aetna Alcom Allied Choc BAT Bata
    2,570 words
  • Article
    Unit trusts
    144 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (KUiagan' prim far Aug l«) (UBTMt pi INCOME BOND no**) The Commerce 2 31 2.45 1.07 1.13 The 8avlnj Fund S pore Prof Fund 1.45 1.S4 1.1S 1.20 MARA BUMIPUTRA FUND 8'pore Security Fund 8'pore Invest Fund 1.99 2. llxd 1.37 1.4S
    144 words
  • Article
    In Kuala Lumpur
    1846 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 otfwrwlse specified. INDUSTRIALS Ajinamata <2 758 2.808). Alcam (2.458 2 468) (2) 2.43 (5>
    1,846 words
  • Article, Illustration
    Profit-taking slows pace
    846 10 SOME profit-taking by nervous in vectors together with the fact that it was big board settlement day yesterday, stowed the pace of advances and made for a mixed clooe on the Stock Exchange of Singapore. Comments by brokers and market analysts on the correction to come, ranging
    846 words
  • Article
    Steady closing on KLSE
    676 10 STRONG buying interest in a handful of second liners together with sustained demand for most of the overnight favourites gave the Kuala Lumpur stock market a steady finish yesterday. Trading was active, especially so during the first session and towards the late afternoon. Although conditions were
    676 words
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  • COMPANY NEWS
    • Article, Illustration
      Shangri-La has room for more profit
      766 11  -  »r MANO SABNANI THE 'gem' of the hotel sector, Shangri-La Hotel has set a blistering pace for its rivals with its announcement of a 48.7 per cent Jump in pre-tax profit to $5.17 fniliion for the first six months of the current year ending
      766 words
    • Article
      Alexandra sees small rise
      443 11  -  By ARTHUR NG THE LATEST results of Alexandra Holdings can be described as unexciting although it managed to turn in record earnings. Group pre-tax profit rose by an insignificant 6 per cent to $615,000 for the year ended March 31, 1978. Earnings recorded by the company
      443 words
    • Article
      DIVIDENDS ANNOUNCED
      267 11 Current Ex Books Date Total for Total for payment Date close pavable the year previous year Sanyo Indi. (M) 12%TE(b)Jul20 Jul 31 Aug 16 12%TE 12%TE S'pore Glass(1974) 12't%(b) Aug 2 Aug 10 Aug 18 12V,% 10% Pegi Malayaia 30% Jun 28 Aug 10 Aug 26 30% 29%
      267 words
    • Article
      SCRIP ISSUES
      109 11 (ompant Particular* Fx Date Books Closr Sentoaa Ply Bonus Issue of 1 for 4 Aug 30 Sept 12 (■real Faslrrn l.ifr Hon us Issue of 1 for 2 NYA NYA M'sia Kredmills Rights Issue of 1 for 4 00 per share NYA NYA S\ nthrlk' Resin* Rights Issue
      109 words
    • LATEST RESULTS
      • Article
        BEN and Co
        50 11 unaudited group pre-tax loss $735,000, six months ended June 30 (loss $761,000 for half year ended Aug 31. 1977). Sales $28.82 million ($27.77 million). Pre-tax loss excludes extraordinary loss of $377,000 (loss $489,000). Parent companv pre-tax loss $586,000 (loss $1.4 million) excluding extraordinary loss $613,000 (loss $445,000)
        50 words
      • Article
        William Jacks and Co (Malaya) Bhd
        29 11 unaudited group net loss M 51.12 million ($4.80 million), year ended June 30. Sales $102.45 million ($75.44 million). Operating profit $3.36 million ($654,000).
        29 words
    • Article
      Associated Plastics
      37 11 ASSOCIATED Plastics Industries informed the Kuala Lumpur Stock Exchange that it has revoked its offer of 1.7 million shares in Nylex (Malaysia) to Selangor Dredging which has been accepted by the Board of Selangor Dredging.
      37 words
    • Article
      SJAHto sell 250,000 Overseas Credit shares
      196 11 SOUTH Johore Amalgamated Holdings Bhd informed the Kuala Lumpur Stock Exchange that it had recently concluded an agreement to sell 250.000 shares in Overseas Credit Finance (M) Bhd to Mr. Choong Kok Min of 26. Bukit Travers, Federal Hill, Kuala Lumpur. Overseas Credit Finance
      196 words
    • Article
      OUB sets up share registration office
      87 11 OVERSEAS Union Bank has set up its own share registration office at UMBC building to handle registration of OUB shares and provide direct liaison on all related matters with shareholders and brokers. Previously, the bank's share registration office was with Barbinder and Associates. The
      87 words
    • Article
      RUBBER OUTPUT June
      75 11 Kilograms Austral Enterprise 19,051 Ayer Molek Rubber 38,620 Benta Plantations 251,000 Bukit Katil Rubber 21,3BCastlefield 193,685 Consolidated Plantations 2,220,000 Dunlop Estates 1,769,018 Glengowrie 47,628 Golden Hope 991,926 Guthrie Ropel 566,000 Holyrood 90,719 Hongkong (Selangor) 27,669 Inch Kenneth Kajang 73,932 Kempas (M) 689,000 Killinghall (Rubber) 28,123 Kinta Kellas
      75 words
    • Article, Illustration
      Tanjong and Idris face setbacks in first-half
      416 11 HIGHER tin prices failed to offset lower tin output obtained at Tanjong Tin Dredging and Idrls Hydraulic Tin, resulting in both companies suffering setbacks at the interim stage. As predicted by chairman J.N. Savory in the last annual report. Idrls' estimated pre-tax profit
      416 words
    • Article, Illustration
      Firm demand boosts Berjaya Kawat
      764 11  -  By JIMI NGOH BERJAYA Kawat is expected to "show further imprQveraent" in the current year with results to date confirming a trend of firm demand for all the company's products, chairman Tan Sri Abdul Aziz bin Yeop says in his report to shareholders. In view
      764 words
    • Article
      COMPANY MEETINGS
      141 11 PAPKK Products (M) Bhd: AGM to be held at the Conference Room. UMBC Building. 3rd Floor. Jalan Suleiman. Kuala Lumpur, at 12 noon on Aug 19. Amool Electrical Industries Ltd: AGM to be held at 7. Kampong Kayu Road. Singapore at 12 noon on Aug 24. Berjaya Kauai
      141 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      167 11 rtigf av tsV cv\ The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. p 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the
      167 words
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  • Article, Illustration
    Lock icon MTN pact can be ready by year-end
    1108 12 Reuter AFP THE TOKYO Round of the multilateral trade negotiations (MTN) can be successfully concluded by the end of the year, provided participants* particularly the US, Japan and European nations, make all-out efforts to agree, Japanese External Economic Affairs Minister Nobuhlko Ushlba said.
    Reuter; AFP  -  1,108 words
  • Article
    Lock icon Bonn is against writing off loans to India
    274 12 AP WEST Germany Is unwilling to follow Britain's lead in cancelling debts owed by India because India Is currently wallowing in US$6-billion (5513.8 billion) worth of foreign exchange reserves, said Bonn's Economics Minister on Monday. Mr Otto Graf Lambsdorff said West Germany
    AP  -  274 words
  • Article
    Lock icon Australia to float mark Eurobond
    153 12 Reuter AUSTRALIA will float a 150 million mark (SSI7O million) Eurobond later in the month with Deutsche Bank AG as lead manager. Bond market sources said the issue forms part of the 580 million mark foreign loan calendar decided for the coming month, but terms
    Reuter  -  153 words
  • Article
    Horror budget for Australians
    482 12 AUSTRALIANS were told last night they would have to pay more income tax, and higher prices for beer, spirits, cigarettes, petrol and health care in the com k ing year. The Federal Treasurer, Mr John Howard, tabled before Parliament what was later described as the worst
    482 words
  • Article, Illustration
    Need for a new body to control non-tariff barriers
    266 12 A NEW international institution administering nontariff barriers is vital to the future expansion of world trade. Such a body would ensure a more orderly development in trade, said Mr. Thomas Normanton (above), member of the European Parliament in Strasbourg. Without such
    266 words
  • Article
    What lawyer Khoo did not know
    724 12 LAWYER Khoo Hin Hlong said yesterday he did not know if the proceeds of a US$l.7 million loan taken by millionaire Cho Jock Kim were channelled directly into International Holdings (IH). Cho, convicted of criminal breach of trust (CBT) by the High Court, had
    724 words
  • Article
    Higher imports dash UK hopes
    480 12 HIGHER than expected imports of semi-manufac-tured and basic goods have helped keep Britain's current account payments In deficit during the first seven months of this year that were expected to yield a surplus, government economists said. Semi-manufactured imports rose by nearly 10 per cent over
    480 words
  • Article
    LONDON STOCKS
    737 12 LONDON, Tues. Prices closed lower, affected by yesterday's UK trade figures which were below expectations. dealers said At 3 p.m. the Financial Times Index was down 2.5 at 511.1. Government bonds closed mixed, with long-dated stock 1/8 point higher, while shortdated Issues were as much as 1/16 point
    737 words
  • Article
    DOLLAR SLUMPS, GOLD JUMPS
    169 12 THE US dollar yesterday reached record lows In many, Switzerland, the! Netherlands and Japan and; slipped to a 29-month low in' Britain. Reflecting the US; currency's world weakness,! gold moved ahead to new record hlehs. It opened a( U*****.50 (*****.95) an ounce in London. 51.873 higher
    169 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      134 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES This, week we are quoting the following for Singapore Dollar term deposits up to *****,000 1 month 5%% p.a. 2 months 5%% p.a. 3 months 5*% p.a. 6 months 5¥«% p.a. 9 months 5V«% p.a. 12 months
      134 words
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      Page 12 Advertisements Column 2
      240 12 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading a kaleidoscope of the many facets of Asia." Now the
      240 words
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  • Article
    SHIPPING TIMES
    2368 13 SCHEDULE 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. t Consortium* Scan Dutch has a joint
    2,368 words
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      Page 13 Advertisements Column 1
      548 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents: Barber Lines Singapore Pi* Ud T4:***** Harrisons 1 Crosliaid Kuala Lumpur Tel: *****/59 Pernas-MISC Penang Tel: ***** SHIPPING SANKYO LINEI AUSTRALIA SERVICE P. Kdan( Singapore Loading (or KYOTEN 1WW.... J7/19 Aug 20/21 Auf SYD X MEL, ADFL. "AYCARP 27/21 Auf ADEL. MEL.
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      473 13 Seatrain Full Container Service to USA FIEOERYSI SPORE MOTHER Wl H Seatrain Bunker 3/9 *21/9 19/9 29'9 2'lo H* V. 27 Full Container Service from USA E/C CUIF OAK LA HK FEEDER ttl SPORE Seatrain 10/7 14/7 24/7 21/7 14 8 Hakata 71 i Princeton Maru V 130 Scatram teuton
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      521 13 ALFRED C. TOEPFER GMBH REGULAR TIMBER SERVICE TO MEDITERRANEAN PORTS OF ITALY. SPAIN, FRANCE ETA P Klint 21 Au| tor Salerno Monfalcorte 29 Au( for Sete BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP U K ACCEPTING THROUGH BILLS OF LADING TO MAIN U.K. DESTINATIONS P.Maaf Spore P.Koiant Antwerp m.r
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      470 13 p SHARJAH SHIPPING CO LTD 13 -Aj J.. (UNiItO CUB f MISAUS I GULF SHIPPING LINE (UNITED AltAB EMIRATES) Pmaaf LM*M(tar •UflF MAJESTY a/11 Aw| 1/3 Sapt •CUlf MAJESTY 11/» Oct 21/11 Oct ftomfctjOnka/Atai BomtuvDaka/Atu I ACCEPTINS COIITAINfItSfO FCI CAtGO TO DUBAI. AMI DHABI AGENTS SUB A'UN* sharjah shipping (Si
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      Page 13 Advertisements Column 5
      78 13 FORTNIGHTLY SERVICE TO/FROM MIDDLE EAST LTL DUBAI B. ABBAS BOOKING TEL: *****22 DAIICHI CHUO KISEN KAISHA, TOKYO M.V. "EIDAI NO. Ir* FROM KOBE ARRIVED ON 10th AUGUST, 1978 AT P.B.A. GO DOWN NO. 19 General Survey on damaged cargo discharged ex the above vessel will be held on 19th August,
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      787 14 SHIPPING FULLY CONTAINERISED TO EUROPE Md«i| H'burf ttZlr" 3)9 S3 53 nowloon Bir 119 13/9 4/iO 6/10 7/10 Tok»«Baj 20/9 22 9 12/10 14/10 15/10 EXPRESS CONVENTIONAL TO EUROPE S'part PKttanf P*» Mbao 6«n«j H'kar| Blu»tn Rdjm Thurmfu 17/8 U/9 4/9 22/9 15/9 18/9 Zl'3 MumterUnd 20/8 5 9 16/9
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      Page 14 Advertisements Column 2
      481 14 B§s barber blue seo From: US ATLANTIC US GULF ft EAST CANADA Aug 28/29 So»ts/6 S«pt 1/2 S«p< |/J Sept 28/30 55! a« S Aug 2$ S *P ,U Oct 4 U# 15 Od 7 Sept II SINGAPORE Port Kelang PWIKf lakarta Neit Arrival' TIRRANNA 20/1. HIWSTHIUS" 10/9. To: US
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      779 14 SEAJfiLAND U.S.A./ ASIA SERVICE DRY REFRIGIRATED CONTAINER SERVICE SAILING EttRY WEDNESDAY FOR PORTS IN USA. CANADA. CARIBBEAN lAPAN KOREA. TAIWAN. HOW ROM. THAILAND AND PWLIPPINEI VESSEL VOYAGE Vessel C F S J L SES Arrtves/Departs 7.00 PM WORLD LION V 6 A u t \i/\t Aot 16 WORLD TIGER V
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      Page 14 Advertisements Column 4
      924 14 Everett Lines Burma Five Star Shippinf Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON GOLDEN KU 827/21/lt AUG WmWMIMWI 24/W AUG B F.S.S.C Agents in Malaysia: TEPS MALAYSIA Singapore P Ketang Penang PATAGONIA ARGENTINA 28/29 Aug 30/31 Aut" 1/2 Sept Subiecttoi nd ucethent Transportacion Maritima Mexicans S. A. "MEXICAN NATIONAL LINE"
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      495 14 Orient Overseas Co*dcu+ieA Line FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) I CHEVALIER PAUL I2E neptune CORAL K NEPTUNE PEML 10E CHEVALIER RO2E lOC HUONG CONTAINED HE MERCATOR K ORIENTAL CHIEF 10E S SEAS BRIDGE 17E PK«tant H.Hwc Ktmhtuni Osaka To*r« 25 8 28 8 30 S 30 8 2/9
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      Page 15 Advertisements Column 1
      1329 15 QCC Overseas Containers Limited CMUMKisaiP sumct to m/coutinenti M'ftu'C datrt l» S'l S'D<K« P. Kelang O'mark Brem. A werp Havre U uibi >iy 21 Ail 1® Sift 12 Sift IS Sift OS $®fty s s „12 27 *ug »SSift If Sift ll Sift n Sift u SSiSL fi>|(« 1 Sett
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      Page 15 Advertisements Column 2
      1252 15 Line Blue Flmel CUph Lme and NSMO OR'CBNTINENT (via Uu) (ta* S <(»ori P bi*| '|'4'« Earepa 6.8/17 *«t t« U 11/21 Sept 20/« l Sept 22 24 Oct S Slfl Lenoes. Bil#*". Aaniterdaai. Hull. It Oct Lenoes. B'.feao, Amsterdam Null. 12 No Images. Bilbao. Amsle'oam Null CAON 11 14
      1,252 words
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      Page 15 Advertisements Column 3
      1049 15 *****77 BLCB CONTAINERS LIMITED BSAKI Ul NONCIONC lIPRESS RITINO M4RU kowloon air TMTO W» lENALBER CIROICIN MT H BURG HAVEN *MM HMrtE SOTOtI Smnpora P. Kalar* C«naa«v'UMM Maial Franc* Ml UK. I ScMiWil Antwerp 11 lac J1 i« ~~S 'JSept 11 Sept (It Sept) ISMt »in 71 iaa i i*
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      Page 15 Advertisements Column 4
      1108 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA F(Mf> mm f uiwi Vrswi ELEANOR! II I mo BEIIMA FBANCESCA (KMHt ILIANORA FRANCESC< n I TOT AM A 2, RORRICAN 1)/ t NIB NOUTMAN 0/ 1 JUTLANOIA S oore l> Mseilies Z Rdan a HBurg 4) Gbu'g
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      Page 15 Advertisements Column 5
      620 15 GUTHRIE BOUSTEAD SHIPPING AGEMCIES THE BANK LINE LTD LOADS FN E l 1 AFRICA SAN CEORSE (Mau'itiui. Reunion, Durban, E 1., PE-. rapfloan) Kuantan 27 21 >4 S'porf M *«f 3 Sep P Keiaif 4/ 7 Sap f»*h easi ft jorm iniu m iuhn. Manila SUSANHE SIOU Pf r.anj LOSSiEBANK
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      845 16 K LINE KAWASAKI KISEN KAISHA. I TD (VIA SUEZ) »y Cl TO EO*OP* Spore P. Keiang I.Havre Hburg Bremen R dam A'wer? oßtfMTii chief IIW 13 Aif 19 Aif 7 Sept 9 Sept II Sept 11 Sept 13 Sep® VVfSSsEAS BJtIOCE 17W 24 An 25 A? 13 Sept 15S.pt 18
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      713 16 R JUMABMOV SONS (PTE) LTD Singapore T•' *****15 !<n«® AGENTS ÜBAIDUILA CO SDN BHD d i? r LL Port Tel J88I&} JUMA9HOV so (Mi SDN BHD P«r.jrß *****6 8 AFEA LINE OCEAN MARITIME (PTE) LIMITED 9-E. ASIA INSURANCE I'JILOIMS. SINCAPORE, 1 Till- *****5 6. MW t ***** TAIWAN/STRAITS/TAIWAN EXPRESS SERVICE
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      Page 16 Advertisements Column 3
      666 16 NEPTUNE ORIENT UNES LTD SANKO LINE* V FROM JAPANESE PORTS AND HONGKONG J STATES STEAMSHIP COMPANY EXPRESS son ICE TO t FROM PACIFIC NORTHWEST AM MMUU ACCEPTING CUM F0« HONGKONG. MANILA TAIWAN. UK. TNNAMA. HONOLULU. SEATTLE. VANCOUVER (IX.) PORTLAND. LON6VTE*. VAN COUVEI (WASH), SAN FIANCISCO AND LOS ANCUES S.ngapore JHarta
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      401 16 EE WEB *Ut>AVSIAN INTIRNATtOHAL SHIPPING CORPORATION tCRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINEWT/SCANDINAVIA •to Accept >of fttm--1) IWM, SIMW* EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Cd'ff Ldon 6 9. Ream 1? 9 pßuttel 16 9. MDu'f 19 9. Bremen 21 I pool 27 9 BUNCA Milt* n/lS in 4/ SSept Blow,
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      866 16 INTRASEA (PTE) LTD Of HOON' O'C'VC RG.iC! S 1T Tplepfione i' 1 jroaAflA'UWK RE6OLAR INOEPENOENT SOH FiU CONTAINER SERVICE TO EOOOPE S'pore P. *ei»M M 111 J1 t« Pen** Lmßui tar: M'bux R'dam Boaiofne. kfti T yill I Hit ASIA (PTi) LTB —71UI11-POORINC-HMOd i lmm rii snip*inc i trabimi MM.
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