The Business Times, 17 August 1978

Microfilm: NL9799
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, AUGUST 17, 1978 50CENTS
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  • BRIEFLY...
    • Article
      Lock icon Carter props dollar
      85 1 Reuter. LONDON, Wed. The dollar rose sharply In the closing minutes of trading on European foreign exchange markets today after President Carter called for a study on ways to deal with the currency crisis. The President said that he was "deeply concerned" over its recent decline and
      Reuter.  -  85 words
    • Article
      Industrial sites
      48 1 JURONG Town Corporation plans to develop two; industrial sites in Sembawang, Mr. Ooh Chok Tong, Senior Minister of State (Finance), announced yesterday. Both the Senoko and Sembawang industrial estates will cater mainly for marine and marineorientated industries. When completed, they will house more than 100 factories.
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    • Article
      Lock icon Banks wary
      67 1 AFP. LONDON, Wed. American banks are becoming increasingly wary of loans floated by the Soviet Union and other Eastern European countries on the international market. London City experts said today this was not due as much to the political tension between Moscow and Washington as to commercial considerations
      AFP.  -  67 words
    • Article
      Successful farm policy
      71 1 MALAYSIA is among the few middle-income developing countries that have used price policies fairly successfully to encourage broadly-based agricultural growth. The World Bank in Its "World Development" report stated that Malaysia, the Ivory Coast and South Korea are among those countries that do not face problems in
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    • Article
      Lock icon Gold refinery
      48 1 Reuter. MANILA, Wed. The facilities at the Philippine Central Bank's new gold refinery and mint to be inaugurated next month will be available to all Asean countries. The refinery already held about 10,000 troy ounces of gold valued at more than US$32 million (Ss72 million). Reuter.
      Reuter.  -  48 words
    • Article
      Lock icon KL concerned
      57 1 Reuter. KUALA LUMPUR, Wed. Malaysian officials today expressed concern over the Australian government decision to increase the import duty on textile and clothing. But Malaysian Deputy Minister of Trade and Industry Datuk Lew Sip Hon said: "We will certainly study their Implications and see how they would affect
      Reuter.  -  57 words
    • Article
      Lock icon Rupee devalued
      65 1 Reuter BOMBAY, Wed. The Indian rupee was today devalued marginally against sterling for the second time this month. The Reserve Bank announced new spot buying and selling rates to give a middle rate of 15.75 rupees to £1 compared to the previous rate of 15.55 rupees and 15.35
      Reuter  -  65 words
    • Article
      Lock icon Dow Jones
      48 1 UPI NEW YORK, Wed. Stocks headed higher early today despite the dollar's woes abroad. Trading was fairly active. The Dow Jones Industrial average was ahead 3.98 points to 891.10 around 1500 GMT. Advances led declines, 727 to 337, among the 1,519 Issues crossing the tape. UPI
      UPI  -  48 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rises Most active Nat Iron 6.50 .40 Sime Darby 1.023.000 Hong Leong 3.52 .40 JC-MPH 832,000 DBS 4.70 .36 Haw Par 652.000 Sin Chew 4.00 .30 Faber Merlin 544,000 Austral Amal 6 00 .25 UOL 418.000 S Finance 2.32 .23 Total Turnover: 17.43m Nanyang Press 3.80 .20
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    • Article, Illustration
      In Kuala Lumpur
      180 1 Rises Most active A. Hitam (T) Malayan Rah Hy S Klnta Benta Tronoh DBS Kuchai SMal Tin <M) N Iron Sg Besi Alex Hold Petaling M Banking Isl and Pen Boustead Ajlnomoto 12.30 13.90 6.30 6.75 3 70 7.90 4 74 1.96 9 60 6.60 7 00
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  • Article
    Casio taps Asian dollar market
    600 1  -  FIRST MARK CONVERTIBLE "y SOH TIANG KENG CASIO Computer, a leading Japanese manufacturer of electronic calculators, will float the first convertible mark bond in the Asian dollar market today. The six-year bond is a 40million mark (SS46 million) issue with an expected coupon rate of
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  • Article
    Dr. Goh to review education system
    275 1 A TEAM of system engineers is to be set up to review and, where necessary, recommend the restructuring of the education system in Singapore. The Deputy Prime Minister and Minister for Defence. Dr Goh Keng Swee, has been asked by the Prime Minister to
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  • Article
    Siam diesel joint venture
    78 1 KUBOTA Ltd of Japan and Marubeni Corporation of Japan have established a Joint-venture company in Bangkok with Thai interests to make small diesel engines for agricultural uses from late 1979." Capitalised at 100 million bahts, Siam Kubota Diesel, the joint firm, is 60 per cent owned
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  • Article
    Lock icon Growth pace in Third World will be faster
    989 1 Reuter, AFP. THE WORLD Bank projects that the growth rate of the industrialised countries will rise to an average 4.2 per cent between 1975 and 1985 from 2.8 per cent In *****975. The forecast was contained In" the World Development Report, 1978.
    Reuter,; AFP.  -  989 words
  • Article
    Lock icon PRIME RATE HIKE
    71 1 Reuter BANGKOK Bilk Mid It wil raise its prime lendin* rate in Singapore to 7.25 per cent from 7 per cent, effective today. The bank last chanced it* prime rate in March last year when the rate was reduced a quarter percentage point to 7 per cent.
    Reuter  -  71 words
  • Article
    Investors strain their ears for Sime $475m clues
    304 1  -  By QUEK PICK LIM SIME DARBY Holding*' $475 million riddle may be •olved by next Wednesday when banker* involved in the loan facility turn up in Kuala Lumpur to formalise the financing package. Telexed invitations have been sent by the lead manager
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  • Article
    SHK plans to mount expansion from S'pore
    359 1 SUN HUNG Kai Securities, one of Hongkong's largest broking and financial houses, Is planning to Invest In Singapore In a big way. It intends to set up a merchant bank and explore openings for Joint ventures and direct Investments in various Industries here.
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  • Article
    Record volume
    177 1 TRADING volume rose sharply on the Singapore stock exchange yesterday. In the chase for more and more stocks, volume rose to 17.4 million units.* It was another record volume for the market, breaching the previous high of 13.5 million on Aug. 10. The strong upsurge In demand this
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      2 1 AKAI i
      2 words
    • Advertisement
      Page 1 Advertisements Column 2
      36 1 Samson ite creates OMEGA From the sleek new linos of the exterior, to the high-performance interior ♦unctional design becomes a fee art tn Omega See Omega. an( 1 you'll want to own it «B*Samsonite Eastern Agencies
      36 words
    • Advertisement
      Page 1 Advertisements Column 3
      75 1 SEE PAGE t 12 iCMDB JAKARTA'S 'sail to use Singapore ■hips 2 ASIANS boost intra-reckmal tourist industry 2 US mdwljflii hflirtw rata NEW bmtbm at Baagkok port awiwwH MKMOPAD CROBBWOBDB S, BRIBTOW 7. STRAWS SHIPPING TIMES ROLR ef the eaaiaijr secretanr ia Siaaapore (PL 1) C MALAYSIAN vkw of ths
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      Page 1 Advertisements Column 4
      345 1 answers your SEE BACK PAGE AUDIO COMBINED SYSTEM ESQ Nowadays we can't think of a better way to present a quality sound system than the Pro I. The audio experts at the Akai laboratory stuaios in Japan have selected five top components and neatly fitted them into a upright shelf
      345 words
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  • TRADE AND INDUSTRY
    • Article
      Swiss watch industry keeps on ticking
      348 2 SWISS WATCHES clocked good export results despite the general sluggishnesses of the world economy and the appreciation of the Swiss franc. Last year they posted an increase of 7 per cent In volume and 10 per cent In value over 1976. This was disclosed
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    • Article
      Lock icon Value of Tokyo textile exports sharply lower
      209 2 AFP JAPANESE textile exports in July were sharply down by 18.6 per cent in value compared with a year ago, totalling 89,802 million yen (about 551.07 billion), the Japanese Finance Ministry reported yesterday. The Ministry's through-customs figures showed that exports of synthetic short
      AFP  -  209 words
    • Article, Illustration
      A FOUR-IN-ONE TV SET
      98 2 WITH this four-screen television set from Nordmende there will never again be squabbles over who will watch which channel except, maybe, who takes the main screen which is in colour. Everything has its price, and for peace while watching television, Forward International, the company marketing the
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    • Article
      KNOW THE CHEMICAL INDUSTRY
      93 2 THE MP for Buona Vista, Prof. Ang Kok Peng, will open a seminar on petrochemicals this Saturday at the RELC auditorium. Organised by the Science Teachers' Association of Singapore and Exxon Chemical Singapore, the seminar for some 250 preuniversity students alms to provide a better idea
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    • Article
      Lock icon Flooding
      42 2 UPI. EXTENSIVE flooding In north-eastern Thailand will not cause a major reduction in this year's rice crop. Thai Agriculture Minister Prida Karnasut said damage to young rice plants is not expected to be great since the water is receding quickly UPI.
      UPI.  -  42 words
    • Article
      Lock icon Thais confirm preferential Asean items
      430 2 AFP, AP. A PREFERENTIAL tariff agreement among Asean countries covering 755 Items of goods will become effective on Sept. 1, the Thai Foreign Trade Department confirmed yesterday. The agreement brought the number of items under the Asean preferential trading scheme to 826. since 71 items
      AFP,; AP.  -  430 words
    • Article
      Lock icon What China can grow by 1985
      303 2 UPI CHINA Intends to produce over 400 million tonnes of rice annually by 1985 and to reach the goal announced on Tuesday, of a second jump In agricultural investment this year. Vice Premier LI Hsiennien said the country has increased grains output by 150
      UPI  -  303 words
    • Article, Illustration
      Intra-regional tourist trade is promising
      664 2  -  By JOHN LIM INTRA-REGIONAL tourism Is growing and its potential Is immense. Travel organisations should therefore study the requirements and nature of lntrareglonal travellers to encourage further the trend. The region will benefit from research carried out In this direction and Its findings should be
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    • Article
      Indonesian exporters urged to use S'pore ships
      170 2 INDONESIAN exporters were advised to use Singapore ships to carry their cargoes to West Asia because of cheaper rates. Deputy chief of the Indonesian National Shipping Agency Captain Harun Rasyidi said yesterday Indonesian exports could be shipped first to Singapore from where they
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    • Article
      Pre-packed sugar
      68 2 THE MULTI-Purpose Cooperative Societies of the Singapore Industrial Labour Organisation and the Pioneer Industries Employees Union have contracted with Sugar Industries of Singapore to preKk sugar in polyethylene js for sale In the cooperatives' 16 supermarkets and shops. Under the agreement the sugar will be sold with the
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    • Article
      Asahan project gets more investment
      251 2 JAPAN and Indonesia have agreed on additional Investments and finances to cover a shortage of about 161 billion yen (about Ssl.B billion) In a Joint hydroelectric and aluminium smelting project In north Sumatra. Japanese officials said in Tokyo yesterday. The agreement followed a meeting on
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    • Article
      PVI OPEN HOUSE
      95 2 THE PONGGOL Vocational Institute will be holding a two-day open house from today to familiarise parents, pupils and teachers with the institute's training methods. According to the Industrial Training Board, the open house should prove particular Interesting in view of the Revtsed Secondary Education System to be
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    • Article
      MEMO PAD
      466 2 COURSES AND TALKS May 8-Aug 17: Aust Insurance Institute Assoclateshlp 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,
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      348 2 The LIFE; Library Of Photography helps you to see great picture possibilities -all around you... It*** X r. *> 1R x i The Life Library Of Photography Each volume measures 10 l* x 10 1 inches (26 x 26 cm). Hard cover, silver stamped black-cloth binding.24o pages Approximately 300 illustrations,
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      573 2 TWO-IM-OIE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Makes hollow jokes? (4) 4 Went In to make a score (0) 8 Talk that comes naturally (3) 10 Gardener No. 1 (4) 13 Key staff? (8) 14 Freedom of New York (7) 15 Olum medical officer with a girl (6) 17 Damn' sailing
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  • OVERSEAS
    • Article
      Lock icon US is buying less oil from Arab world
      289 3 UPI. THERE are many signs that America's oil imports from the Arab world really are diminishing, says the weekly Mid-East Report. The US trade deficit with the Arab countries in the first half of this year dropped to US$3.2 billion (557.4 billion
      UPI.  -  289 words
    • Article
      Lock icon DRESDNER LARGEST BUYER AT u.s. GOLD SALE
      272 3 Reuter. THE US Treasury said It sold 300,000 ounces of gold at Tuesday's auction at an average U*****.53 an ounce. There were 12 successful bidders at prices ranging between $213.23 and $216.17 an ounce. The largest buyer was Dresdner Bank of Frankfurt, which
      Reuter.  -  272 words
    • Article
      Forecast of UK stagnation in '79
      352 3 BRITAIN'S-National Institute for Economic and Social Research yesterday forecast renewed economic stagnation next year, with higher inflation and weaker sterling exchange rates, but a stronger balance of payments. The independent Institute says in its latest quarterly review that British and world economic prospects have
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    • Article
      Lock icon Three-nation union meeting on Chrysler
      286 3 Reuter TRADE union officials, from Britain, France and Spain will meet in Geneva on Aug 30 to discuss action to maintain full employment In Chrysler's European car plants In the light of their proposed takeover by Peugeot-Cltroen. The International Metalworkers' Federation (IMF) said it had
      Reuter  -  286 words
    • Article
      Lock icon National Steel backs down
      184 3 Reuter. NATIONAL Steel Corporation of the US announced it withdrew Its anti-dumping petition charging manufacturers from six European nations with dumping of steel sheets In America. It still believes the facts support is allegations of dumping. However, it stated that further processing of the complaint will
      Reuter.  -  184 words
    • Article
      Lock icon Refined copper demand is surging
      231 3 Reuter. WESTERN World consumption of refined copper is expected Just to tip the seven million mark for the first time this year according to Commodities Research Unit (CRU) in its latest quarterly review on the copper industry. This compares with last year's world consumption of
      Reuter.  -  231 words
    • WORLD IN BRIEF
      • Article
        CLOSING TAX LOOPHOLES
        403 3 LEGISLATION" In the United States Intended to close tax loopholes allegedly giving foreign investors a competitive advantage over Americans in buying farm and timber lands was introduced in the House of Representatives and the Senate. The measures would require foreign investors to pay a capital gains tax
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    • Article
      Inflation outlook worsens
      863 3 WAOE increases and higher prices for cars and housing have raised America's underlying inflation rate to 8.5 per cent, according to a new Federal Reserve study. If the analysis Is correct, administration targets for this year will be grossly understated and Inflation will be even worse next
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      1712 3 L'INDOCHINE ET DE SUEZ (INCORPORATED IN FRANCE WITH LIMITED LIABILITY) HEAD OFFICE 96 BOULEVARD HAUSSMANN PARIS Be mm BALANCE SHEET AS AT 31 ST DECEMBER 1977 BANKS OF ISBUE. BANKS A NONBANKING ESTABLISHMENTS ALTHOKIZXO TO DEAL ON THE MONETABY MABKET: Account* at call b) Accounts and loans at term BUSINESS
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      411 4 THE Singapore market closed higher with September One RSS buyers quoted at 241.25 cents per kilo, up 2.50 cents from Tuesday's close, dealers said. Morning prices were marked up fractionally on speculative support and covering interest before profit-taking emerged to pare the gains, they said. The
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    • Article
      RAS PRICES
      339 4 R A S prices In cents per kilo yesterday: Noon (per kilo) Cloae (per kilo) Int. 1 R S.S. prompt f.o.b. Int. 1 R S.S. Sept Int. 1 R.S.S. Oct Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cor. t Int. 5 R.S.S. UK/Cont Buyers
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    • Article
      SSR AND SMR
      104 4 NOON SSR and SMR prices yesterday: HAS Sepi tembsr October (Current Mtfc) <F« rward Mtk) Buyer* Sellen i Buye r» Seller* (cent! perk#) (cenuperkc) SSR 20 (1-ton pallet) 214 50 216.50N 215.90 217.SON SSR 50 (1-ton pallet) 212.50 214.SON 213.50 215.SON MRELB SMR SCV( 1-ton pallet) 246.00
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    • Article
      Palm oil
      79 4 C.I.F North European ports In US dollars per ton unless otherwise LONDON: Tuesday Previous Malaysia 5* [fa bulk per tonne October Sumatra 5% ffa August September October November December Nigeria 5H ffa bulk stg 900 sir 880 pd 640/845 pds 595/812 v, pds 577W/587V* pd 575/577 S pds
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    • Article
      Closing prices
      30 4 Rubber: Aug 16 Singapore: Sept 241.25 centa Sp 2.50 cents) y»ia: Sept 246.25 cents (up 2.50 cents) Tin: M*1.785 (up 91) Official offering: 290 tonne* (up 77 tonne*)
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    • Article
      Sugar
      290 4 SUGAR futures In London yesterday had first call Eilns of £2.20 to £3.00 per nne, marginally up from higher New York kerb levels but below the highest. Dealers said the market reversed Tuesday's substantial decline with outsider buying and shortcovering providing some support. They said sentiment was probably aided
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    • Article
      Produce exchange
      265 4 WITH frost hitting various coffee-growing area* In Southern Brazil, trading on this commodity entered a speculative mood on the Singapore produce market yesterday. Prices soared earlier In the day on the overseas markets but eased following reports that frost damage might have minimal effect on total coffee supply
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    • Article
      Hongkong Comes
      161 4 THE sugar market closed about 0.10 US cents higher in continued dull and featureless trading yesterday, with six lots traded. The Hongkong daily spot sugar price rose 0.05 to 7.15 cents, In line with Tuesday's New York September close of 7.14/15. Sugar futures closing prices: Pre* Claf Sep
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    • Article
      SPOT PRICES
      168 4 YARN and cotton In Hongkong dollars, spot exgodown China: Blue Phoenix JO S 1.770, 32 s 2.290. 40 s 2.400 (per bale of 400 lb*) Piece Ooods China all unquoted Pakiotaa raw cottoa: LBB 3.86 4F 3.84. 289F 3 90. NT Roller Otnned'3 87 (Per lb). Cloth in
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    • Article
      Coffee
      401 4 ROBUSTA futures in London yesterday ended a quiet opening call "steady" at the session s highs. Prices overall were £17 to £40 per tonne down from last night but losses in nearby traded months ranged from £35 to £20. Turnover was 467 lots. Trade buying interest readily absorbed dealer
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    • Article
      Rice
      243 4 BANGKOK rice prices were unchanged yesterday. (FOB Bangkok. In U8 dlrs) White IM% mtm crip Ist claa 387, 2nd class 382. 3rd class 377 White rice aew crap 5 per cent 372. 10 per cent 347. IS per cent 342. 20 per cent 342. 25 per cent 327. 35
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    • Article
      Straits tin
      318 4 THE Straits tin price in Penang yesterday gained a further Msl per plcul to 11,785. Despite London's easiness, the market continued to rise, encouraged by strong US and Japan buying and local coverings, and turnover Increased sharply to 290 tonnes from 213 tonnes on Tuesday. The increased activity
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    • Article
      Zinc
      66 4 Zinc ended Tuesday £0.25 higher for cash and £0.25 per tonne lower for Three Months. Values eased back slightly during the afternoon In rather tin dealings reflecting lower copper and lead. In the morning prices had initially attempted to rally in line with the early buoyancy of the lead
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    • Article
      Cocoa
      227 4 Terminal cocoa closed £11 to 1*3.50 per tonne higher compared with end morning gains of 13 to four sterling. Turnover totalled 3269 lots Including 1174 lots crossed. The market was contained within a modest trading range all day. Dealers said the late decline in sterling which reached the two-dollar
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    • Article
      Wheat
      193 4 CHICAGO wheat futures gained l-tt to Y, cents a bushel In nearby months but lost one to 1-% cents In deferreds. Traders said scattered exKorter and commission ouse buying lifted wheat prices off lows, with underlying strength stemming from last week's export Inspections of 30.9 million bushels, higher than
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    • Article
      Soybean
      149 4 CHICAGO soybean futures closed up 9-1/2 to 12-3/4 cents a bushel on late heavy exporter and commission house buying on Tuesday. Prices rose to day's highs In the final minutes as commission house buy stops were reached, then in most contracts eased fractionally at the close on profit-taking, brokers
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    • Article
      Copper
      282 4 COPPER wire bars and cathodes closed C4.S per tonne higher for cash and C 5 up for three months In London yesterday. Traders said wire bar values rose in the premarket with sentiment influenced by continuing strikes in Peru and labourunrest at the Chuqulcamata mine In Chile. Prices held
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    • Article
      Silver
      241 4 THE Hongkong market closed 50 HK cents lower at $268 50 per 10 ounces in continued dull trading, with turnover estimated at 10,000 ounces, dealers said. The market fluctuated between $269.00 and $268.50 while fixing price was steady at $269.00. The local close was equivalent to' 5.6348 US cents.
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    • Article
      Gold
      429 4 FOLLOWING the sharp decline In the overseas market on Tuesday night, the kllobar opened lower at 5515.270 yesterday, nearly $200 off from Tuesday's close. The market fluctuated In a ranee of $15,270 to $15,331, and closed at $15,331. Spot gold for London delivery opened lower at U*****.30/00 per troy
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    • Article
      Lead
      75 4 AT THE end of yesterday morning ring cash was C 1.25 higher and Three Months £0.50 per tonne up. Values advanced by upto £5 on the premarket -Three Months trading upto £344. Dealers attributed the rise to early firmness in copper which prompted a resumption of the good fresh
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        594 4 THE US dollar fluctuated against major currencies on the foreign exchange market yesterday. In nervous trading, the dollar showed some strength and closed marginally firmer in same counters. In the yen counter, the US dollar opened at a firmer rate than the overnight level. From 183.90/10 the dollar
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      • Article
        Asian $ & CD rates
        136 4 Asian CD rates ASIAN currency deposit interbank rates as at close on Aug 1#. US Del Offer Usis (8pst) BM 7 Ays 1 mth 2 mtlu Imthi mtlu mtlu 12 mtlu ...•1/U ...7 11/1« ...•1/1 13/1 ...•7/8 ...a is/i« 7 15/1# 1/4 «/l« 3/4 13/1* 9m. Tn (■Ml. DM prises)
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      • Article
        Discount
        42 4 RANOE of prtwi offered by discount home* on Aoc it: Owml*ht 1 3SS C*H deposit* 3SI% 3- month Treasury bills 3-month Bank bllb 3-month CD 6-month CD B«yteg 3 3/1 1/8 1/2 11/4 3/8 a 7/i6 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rale at which Singapore hanks are cuiiWUj prepared to lend to their beet customers is 7 per cent.
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      • Article
        Australia/NZ
        52 4 *WItiAUA/WI eschangat quota U8 dollar 1 IM2/1 1(14 Sterling Ninety-day air mall buying rata*: Sterling 0 6120 US dollar I 1997 Ninety-day forward buying rates Sterling 0 5*41 US dollar l iocs NEW ZEALAND Sterling 0.5401/0.5372 US dollar 1.00K3/1 0503 Ninety-day airmail buying rates: Sterling 0 5000 US dollar
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      • Article
        New York
        212 4 THE dollar generally closed firmer, although off Its best levels, after a day of hectic and at times chaotic trading on Tuesday, dealers said. They said news the three major Swiss banks met with the Swiss National Bank to discuss the currency situation prompted nervous short-covering, and the
        212 words
      • Article
        London
        132 4 THE dollar staged a rally against major currencies after opening broadly lower yesterday, dealers said. This was a followthrough of Tuesday's pro-fit-taking and covering but trading was relatively thin, they added. With operators somewhat nervous ahead of the Swiss Cabinet meeting on monetary and economic questions, the Swiss franc
        132 words
      • Article
        Tokyo
        217 4 THE dollar for overnight delivery closed at 183.80 yen down from a 184.00 opening. Some dealers said they believe the Bank of Japan bought a small amount of dollars In morning trading when the dollar fell from Its opening 184.00 yen, but others said they detected no central bank
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      • Article
        Hongkong
        153 4 THE US dollar eased against major currencies In thin, nenrous late trading ahead of Swiss Cabinet meeting to discuss monetary and economic questions yesterday, dealers said. The dollar fell to a late 183.35/50 yen from New York's 184.35/45 close and Its opening 183.90/184.00 here. The US unit eased narrowly
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      • Article
        Treasury bill tender
        36 4 THE Monetary Authority of Singapore invites banks and discount houses to tender for the following Treasury bills: 830 million 91-day bills to be Issued UianlSiO^OOO 21 28 lich tender must not be less
        36 words
      • Article
        Zurich
        53 4 ZURICH exchanges dottf quota* on USIJiIO 5050 Sterling 3 1383-1404 Can 1 *72-3001 Oak 01 4100-4700 On 74 0040-0030 r fr 37 3000-4005 B fr 5 1033-1717 Dkr 20.3375-3004 Nkr 30.0157-0345 Bkr 30 2532-2771 Lit 0.1020-1033 Aus sch 11 2007-2004 Port 3 5500-5701 Spain 2 1270-13.05 Arg 0 15-25
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        Frankfurt
        47 4 FRANKFURT exchanges closing quotas on Tuesday US 1.0415/30 Can 1.7020/40 Sterling 3.057/007 Dfl 02.15/25 Sfr 122.20/70 Lit 2.300/370 Ffr 45.05 m Yen 1.0040/00 Bfr (con) 0 344/354 Bfr (Fin) 0.25/V35 Nkr 37.04/04 Dkr 35.90/30.00 Skr 45 05/40.05 Aus sch 13 075/005 Port 4.37/42 Spain 2 000/010
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      160 4 COLLKTINQ Oriental Anticnej by Judith Moorhouse and Dries Blitz I~lgl Hamlyn Group, London. I 0» jf Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth
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  • TRANSPORT
    • Article
      Lock icon Race to beat higher oil prices lifts tanker rates
      461 5 AFP Reuter. THE COST of transporting oil from West Asia to the United States has surged in the past month as US and European oil companies book tanker space to beat a possible oil price increase later in the year. Shipping
      AFP; Reuter.  -  461 words
    • Article
      Lock icon Panama opens new airport
      170 5 AP. PANAMA opened its new US$77-million (SSI7S million) Tocumen International Airport on Tuesday in a ceremony that included an air show, balloons, music bands and free food and drink. The entire nation of 1.8 million people was invited, and government-chartered buses carried thousands from Panama City
      AP.  -  170 words
    • Article, Illustration
      SHIPS IN PORT
      439 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Golden Eagle (0600 after Blue Shark) 40/41 Golden Globe (after Kota Maha) 13 Gulseppe Di Vlttorlo (after Fushlml Maru) 35/36 Herolnae (0500 after Turkmeniya) 44 Kamfal (0600 after Tamuraeverett) 25/26 Mlnetaka Maru (1000 after King Sun) 22 Muse Bell (1800 after Kota
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    • Article
      New berths at Bangkok port swamped
      599 5  -  By PETER CHIA THE SIX new berths built by the Port Authority of Thailand (PAT) have not been able to cope with the congestion at Bangkok port. Some vessels had to'walt up to six days for berths and others carrying timber from Singapore and
      599 words
    • Article
      Lock icon Gulf over-capacity
      566 5 FT. THE PERSIAN Gulf oilproducing countries will have nearly twice as much commercial port capacity as they need by 1982 because of containerisation and transformation in the nature of their imports. This is the conclusion of a detailed report on the eight states of the region including Iran,
      FT.  -  566 words
    • Article
      Lock icon LONDON FREIGHT
      175 5 UPI. GENERALLY gulet conditions on the surface failed to damage the undercurrent of firmness that has run through the freight market during recent weeks. The Far East continued to benefit from sustained time-charter booking such as the Grancolomblana payment of U553,950 per day to the 17,765 dwt Klnko
      UPI.  -  175 words
    • Article
      Lock icon Order for DC-9s
      84 5 Reuter. MCDONNELL Douglas Corp said It has received a US$lBO million (8*414 million) contract from Pacific Southwest Airlines for 10 DC-9 Jets. The San Diego-based carrier will be the first US airline to Introduce the twin-engine plane in commercial service. The Planes will be powered by ratt
      Reuter.  -  84 words
    • Article
      Lock icon ACCORD ON CARGO PICKUP SOON?
      79 5 AP. PAKISTAN and India may allow their ships to pick up cargo for third countries from each other's ports. Pakistan's Minister for Ports and Shipping, Mustafa Gokal said the proposal has been worked out by the Pakistan government and soon would be taken up with
      AP.  -  79 words
    • Article
      Lock icon Australia to US, Europe fare 1 very much cheaper
      242 5 Reuter, AP. AUSTRALIAN Transport Minister Peter Nix* on said yesterday that new fares under discussion for flights linking Australia with Europe and the United States would be much cheaper than those available now. British officials have just returned to London after
      Reuter,; AP.  -  242 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      691 5 ARRIVALS Q,.„l m oervici s Local Operator Number Time From MAS MH621 0840 PEN MAS MH67I 0945 PEN/KUL MAS MH607 0845 KUL CPA CX710 1005 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP MAS MH605 1045 KUL SIA SQ103 1045 KUL SIA SQ209 1045 HLP OIA
      691 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      59 5 ers to see to your m to create a pleasing and more productive working environment. 'V»-' Remember, your company is judged by the office you keep. M- ■■ifiillii We offer only the best Visit Henry's Showroom. At Henry Building. 6B Orange Grow Road. Or call us at Tol: *****3 (Open
      59 words
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  • Article
    Make flexibility our guideline
    384 6 SINGAPOREANS are apt to let out a long sigh of relief at the World Bank's latest growth projections for the developing countries. Those who bear the Prime Minister's National Day speech In mind will, with quick calculations, come up with the comfortable notion that with an
    384 words
  • Article
    Bankers, be wary
    292 6 THE LATEST World Bank projection of economic trends till 1985 makes interesting reading. Two figures that stand out for developing countries are the rate of growth and the growth of debt. These statistics are interlinked and the trend they show indicates the dangers ahead. Predictions are that
    292 words
  • Article, Illustration
    COMPANY SECRETARY'S ROLE IN SINGAPORE
    3080 6  -  This is the first part of a two-part article by AWTHER SINGH, a freelance taxation and corporate consultant, on the Company Secretary and his role in Singajpore. In this first half, the writer examines the legal boundaries to thi« role and the changes in the
    3,080 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      298 6 rto. wine T1 1 .1 Q&Mo Hotel V: Py JSiNGAPTIRE 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 Kids, Constellations. Sonny Bala The New Moonglows, The Green Eyes and Miss Erin
      298 words
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      Page 6 Advertisements Column 2
      37 6 1 he best place to wine and dine in the worlds fourth largest harbour mm <+■ I I I j EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 2536
      37 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 OUTLOOK for Singapore from 6 a.m. to noon today: Occasional light rain in early morning. Report for 24 hours prior to 7.30 p.m. on Aug 16 at the airport: Maximum Temperature 30.9° C Associated Humidity 63 Minimum Temperature 23.0° C Associated Humidity 96 Hours of Sunshine 4.80 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      313 6 SINGAPORE 5 3.00 PM. Opening announcements followed by The Magic Hand" 3.30 Diary Of Events (Chinese) 6 3.35 Eight Heroes Of Shou Lin with English subtitles (Repeat) 0 4.20 Intermission 6.00 Opening announcements followed by It's About Time 0 6.30 News in Brief 0 6.35 Cartoon Hamilton In The Music
      313 words
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  • Article, Illustration
    Clearing the air
    1170 7  -  A LITTLE GIVE AND J TAKE CAN BREAKf, THE DEADLOCK WONG WAI LIN writes from Kuala Lumpur with a Malaysian assessment of the current Singapore Airlines Malaysian Airlines System deadlock over SlA's request for landing rights in Penang. There may still be some moves which both parties
    1,170 words
  • Article, Illustration
    STRAWS IN THE WIND
    443 7 HOW much Is a wife, mother and housewife all rolled Into one, of course really worth? Exactly US$3,OOO (556.900), says a Canadian court, ruling In the divorce settlement ending Mrs. Mildred Bregman's 30-year marriage to a wealthy Toronto architect. The court set this value on her
    443 words
  • Article
    Failing to see the wood for the trees
    926 7  -  [FOBPM ...on primary 1 resources •y LESTER MOWN EVER since the discovery of fire countless millennia ago, forests have been an Important economic resource. Today they provide not only firewood but lumber, paper and numerous other products as well. The housing, education,
    926 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      265 7 TOMORROW: Recommended changes 5. 9. W mi i f Youll frast like royalty at the Rang Mahal. Palace at Colours On our daily menu are the same gourmet favourites once loved by Mogul Kings of old. Tandoori temptations. Aromatic currier Fluffy rice. Freshly baked naan. Indian food can be hot
      265 words
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      Page 7 Advertisements Column 2
      67 7 ORCHID INN 214 Duncarn Road. Singapore II Tel: *****2 HOTEL PHOtNIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Coleman Street. Singapore 6 Tel: *****1 RAFFLES HOTEL 1-3 Beach Road. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road. Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL 385. Orchard
      67 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      82 7 SrlStoW OLD LeD6€.TieK is Be'MO <\C<££> MeS P«c/ >p o T eD TO TvVG, gOPteD... J IT 00£jsI i,p»JNouMa£D vcr V UJMOS fM THe"\ Vis V gUNMitjG V u>eu.,UjeLL. CF P*CCOON"IS PMD P^VJ. P\ TVaET*tßl£. U>»TH u*vprr e»ve.s? fe-P*U>f ?SO WMO'S > "t(PkK£M OV/ER P> s WGPO OF POCCOKITS?" _«es
      82 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Amsterdam prices mixed again
      350 8 EUROPEAN MARKETS AMSTERDAM share prices dosed mixed on Tuesday, with Hoogovens slightly higher and Philips and Royal Dutch fractionally lower In Internationals. Unilever gained 2.90 guilders on Its higher second quarter profit announced on Monday. Akzo closed official trading unchanged, but rose one guilder in afterhour
      350 words
    • Article
      Amsterdam
      236 8 AUG IS Fls >/- ABN 355 00 -12 8 Ahold 108 50 0.3 Akzo 31 50 unch AMEV 83 00 -0 4 Anitas UO.OO +0 5 Anirot Bank 78 20 -2.1 Bergoss 57.00 -4.5 Herk 97 00 0 9 Hols 70 50 unch Hursumlj 151 00 -0 5 Burhmann
      236 words
    • Article
      Frankfurt
      234 8 AUG 15 Dm Aef-Telefunken 76 50 -0.7 Akzo 29 40 +0 6 Allz Leben Allz Vers 482 -2 BASF 132 -2 Bay HT Wbank 290B unch Bay Vbank 330 50 -0.5 Bayer 135 80 -1.1 BBC 310 50 15 BMW 226 50 -1 t'assella 390 unch Chem Verw 271
      234 words
    • Article
      Toronto
      333 8 THE MARKET closed mixed on Tuesday In fairly active trading with the composite Index off a fraction. Advances lead declines 243 to 226 Nine of the 14 sub-groups were lower, led by a 46-polnt drop In the gold Index. Dome Mines fell two to 93. Campbell Red Lake 3/4
      333 words
    • Article
      Zurich
      185 8 AUG 15 Francs Actions Suisses 264 -3 Alusuisse Br 1165 -55 Alusuisse Reg 508 -2 Brown Boverl Br 1580 -55 ClbaGeigy Br 1000 -60 ClbaGeigy PC 775 -5 Ciba Gelgy Reg 560 -5 Credit Suisse Br 2200 -40 Credit Suisse Reg 415 1 ElektrowattBr 1850 •10 George Fischer Br
      185 words
    • Article
      Closures
      12 8 THE Belgian, Paris and Milan stock markets remain closed on Tuesday.
      12 words
    • Article
      Selected indices
      31 8 FINANCIAL TIMES INDUSTRIALS Tuesday 511.2 Monday 513.5 Week Ago 495.5 DOW JONES AVERAGE INDUSTRIALS Tuesday 887.13 Monday 888.17 Week Ago 860 70 LONDON DOLLAR PREMIUM Tuesday 102 to 102".
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    • Article
      Jo'burg
      339 8 GOLD sham on Tuesday continued lower on profit-taking and with overseas Investors reluctant to enter the market with the Securities Rand at the high level of 77 U8 cents AUG IS Rand INDUSTRIALS A Alpha 131 ♦1 Abercom 210 -3 AE And CI 330 unch AMIC 1070 -10 Barlows
      339 words
    • Article
      Lock icon DE BEERS RAISES PRICE
      161 8 AFP THE DE BEERS diamond organisation announced an average price rise of 30 per cent for uncut diamonds. De Beers markets almost ail diamonds sold throughout the world. It said the prices increase would become effective at the next London diamond sales on Aug. 21, and
      AFP  -  161 words
    • Article
      Stocks retreat
      1147 8 NEW YORK BESET BY profit-taking and dollar weakness, stocks on Tuesday retreated in the slowest trading In three weeks before a late firming trend tempered the losses. Analysts said stqgks were over extended after their recent Cce gains. Late firmness may ve been associated with a late dollar
      1,147 words
    • Article
      Lock icon Hongkong
      386 8 Source: SHK Sec DESPITE a steady opening yesterday, the market gave way to general profit-taking especially among blue chips. Turnover was very high In the morning session but dipped as the market consolidated In the afternoon. Some short-covering was noticed towards the close and prices closed off the bottom
      Source: SHK Sec  -  386 words
    • Article
      Sydney
      394 8 RESOURCE stocks were strongly supported yesterday in the wake of Tuesday night's federal budget, described by brokers as an Investors' budget with a heavy emphasis on luring back foreign Investment. BHP rose 34 cents to AM.36 and the announcement of an Increase In the price for domes-tically-produced crude oil
      394 words
    • Article
      CHICAGO BOARD OPTIONS
      1737 8 August 15 CHICAGO Board Options Exchange volume slipped to 114,978 contracts on Tuesday from Monday's 110,830. OPTIONS OCT JAN APL STOCK Alcoa 40 7 UNTRD UNTRD 46 5/8 Alcoa 45 3 3/8 4 51/8 46 5/8 Alcoa SO 1 1/4 21/4 UNTRD 46 5/8 Am Tel 55
      1,737 words
    • Article
      Lock icon Turnover still light
      571 8 TOKYO Source: DBS-Daiwa NON-MAROIN Incentivebacket* Issues rose sharply, although blue chips were somewhat weak in view of the unstabilitv or the yen rate against the dollar Turnover continued light and was estimated at 210 million shares, since institutional Investors remained cautious. In the morning session, export-related Issues
      Source: DBS-Daiwa  -  571 words
    • Article
      Manila
      109 8 1 AUG 1* Peso* Aco)e Mining .0119 +0 0006 Atlas Con A Atlas Con B 24 30 -0 5 Bagulo Gold .011 -0 0005 BenguetCon. B 42 00 -1.5 BF Goodrich CDCP 26 50 -0 25 Inco B Landoll 012 -0 0005 be pan to B 26 -0.01 Marlnduque
      109 words
    • Article
      Bangkok
      204 8 AUG 16 Bahts Bangkok Bank 380 Bank of Ayudhaya Ltd 214 Thai Danu unq Thai Fanners Bank 374 Thai Commercial Bank 712 Bangkok Metropolitan Bank unq Industrial Finance Corp 2.475 General Finance 310 Bangkok Investment 340 First Trust 290 Raja Finance 790 Lee Kwang Ming Trust 261 That Insurance
      204 words
    • Article
      Lock icon Brazil's nuclear body signs franc deal
      97 8 f BONDS&LOANS k Reuter. RIO DE JANEIRO: Brazil's nuclear authority, Empresas Nucleares Brasllelras SA-Nuclebras, said It signed a US$lOO million financing agreement in Paris with a consortium of European banks led by Soclete Generate. The financing is to cover part of the cost of
      Reuter.  -  97 words
    • Article
      Lock icon Chase Overseas sets 4pc on debts
      106 8 Reuter. NEW YORK: Chase Manhattan Overseas Banking Corp, a unit of Chase Manhattan Bank N.A., said it plans to Issue 70 million Swiss francs of bonds, due 1993, at par with a 4 per cent interest rate. The bonds are guaranteed by Chase Manhattan
      Reuter.  -  106 words
    • Article
      Lock icon PETROCHEM MITSUBISHI
      69 8 Reuter. DUESSELDORF: Westdeutsche Landesbank Glrozentrale confirmed, as co-lead manager, Mitsubishi Petrochemical Co Ltd's five-year 5 3/4 per cent 65 million mark bona issue will carry a price of 99.5 per cent. Westdeutsche said the bond issue will have an effective yield of 5.87 per cent. The contract was
      Reuter.  -  69 words
    • Article
      Lock icon Strathclyde issue
      65 8 Reuter. LONDON: Strathclyde Regional Council of Scotland Is Issuing a five-year £25 million variable rate stock priced at 99% with interest at per cent above the six-month London Interbank offered rate for sterling deposits. Stock brokers R Nlvlson and Co said the issue is by prospectus with the
      Reuter.  -  65 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      150 8 The Love of ookinfl •V I Vs L i >" Kenneth Lo > >/■ .fm aA Kannath Lo, the wall-known CMnm coofcwy wrHar, introduce tha r» adar to Mm tachntquaa of nfifiHn n mul nlii■ *j| v#njnfff coofting, ina giVM in inwyni into (nili unlqua way of aating. Beginning with
      150 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Texaco's oil find sets Wall Street a-stirring
      764 9 N. AMERICAN L. A NYT ANNOUNCEMENT on Monday by Texaco Inc of •'the first discovery of natural gas in the Baltl- > >more canyon has set Wall '-Street astir once again. Ever since April, the mills of brokerage Rouses have been fed by
      NYT  -  764 words
    • Article
      Lock icon Equibank receives Spanish payment
      255 9 Reuter EQUIMARK CORP said its Equibank N.A. received the August payment of interest ai\d principal on a syndicated loan to a Spanish steel company and added that the Spanish government is considering a financial restructuring of the firm. '"According to a prospectus, Equibank said "ft" was
      Reuter  -  255 words
    • Article
      Lock icon General Telephone wins order
      167 9 UPI GENERAL Telephone and Corp announced on Monday it has received a i US$l.2 million order for equipment to expand the capacity of telephone systems in the Philippines. frequency division multiplex equipment, which enables simultaneous transmission of hundreds of telephone conversations over the same route, will
      UPI  -  167 words
    • Article
      Unilever quarterly sales rise 7pc
      418 9 EUROPEAN LONDON: Unilever Ltd and Unilever NV's total sales in the second quarter of 1978 were 7 per cent higher than in the same quarter of 1977 at t'4.77 btllion. .Of this, about 4 per cent was from increased volume, the company said. TVolume for
      418 words
    • Article
      Lock icon NEW EOE SERIES
      88 9 Reuter AMSTERDAM: The European Options Exchange said it will introduce new series for Boeing Co and Polaroid Corp from Aug 16 following recent price movements on the New York Stock Exchange. The Boeing series will be November and February with an exercise price of US$BO and the
      Reuter  -  88 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      2219 9 BANCA COMMERCIALE ITALIANA (INCORPORATED IN ITALY WITH LIMITED LIABILITY —ESTABLISHED 1SB4) BALANCE SHEET AS AT 31tt DECEMBER 1577 Capitol Stock Legal Reserve Reserve for monetary adjustment (as per Law 2 December 1975, No. 576, art. 23) Special Reserve (as per Law 19 December 1973, No 823) Retained profits from prior
      2,219 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1633 10 BID and offer prices officially listed snd business In and reported to the Stock Exchange of Bln«apore yesterday with the number of shares traded shown In brackets in tots of I'.OOO units unless otherwise specified AH Time Settlement Contracts are quoted after the word "sett Big Board deal
      1,633 words
    • Article
      Government bonds
      127 10 4 1/2% 1/8/80 (250,000) V 2) wB3 3/4* 15/9/80 (250.000) (100 00B) IV4/81 (250.000) (100.258 100.358) (20) 100.25 (12> 100.23 7* 1/6/85 (250.000) (100.758 100.908) 5 V 4% T F 15/6/81-84 250,000) (102.558) 7 1/4% 15/4/80 (250.000) (100.75B) 7 1/4% 15/10/80 250,000) (100.75B) 7 1/4% 1/8/87 (250,000) (100.75B)
      127 words
    • Article
      Stock options
      41 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. Sime Darby (Sept $2 00) (1.555).
      41 words
  • Article
    SHARE INFORMATION SERVICE
    2447 10 '1978 High Low Company Last Sale Gt's Dtr Dhr +or- C"rr SECTION ON* Gr's rw Net P/E Val Da: C999) High r Lew INDUSTRIALS 250 238 172 :S 83 vn 914 214 555 132 123* 112 133 195* 80* 182 173* 140* 258 Ac ma Alcom Allied
    2,447 words
  • Article
    In Kuala Lumpur
    2046 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 ot»—rwlse specified. INDUSTRIALS Acma (2.408). AJtnanwt* (2) 2.80 a) 2.83. Al«am (5) 2.47 (S)
    2,046 words
  • Article, Illustration
    Finance still in limelight
    928 10 IN A heady trading aeeaion on the Stock Ezchufe ot Singapore yesterday, price* spurted at buyers pursued sellers at a blistering pace. The gains made yesterday pushed the closelywatched Straits Times Industrial index even nearer to that psychological 400 barrier. It leapt 1.45 points to 395.68
    928 words
  • Article
    KL bulls return in strength
    449 10 THE bulls returned in strength to the Kuala Lumpur stock market yesterday and. In active trading, pushed prices of selected counters substantially higher. The closing tone was steady In most sectors except for the Industrials which finished mixed. Interest was widespread and even the sluggish
    449 words
  • Article
    Unit trusts
    139 10 HNGAPOBE UNIT TKU8T «COm BOND UNIT pria The Commerce m far A«( 17) 2.33 2.47 pi INOOMZBOND l.W 1.13 The String Fund 1 46 1.S6 8 port Prog Pund 1.13 1.19 *A*A BUMIPITVA FUND 8 goreSecurltj 1.93 Iliad Pirn Bumlputra Mr A*f 17) 3.43 SJt 8 pore InT««t
    139 words
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  • COMPANY NEWS
    • Article
      Ben is still a problem spot on Steamers' hull
      1415 11  -  By ARTHUR NG A CLEARER picture now emerges on two profit ■centres of the Straits ;Steamshlp group following the release of the full-year results of associate William Jacks (Malaya) and the half-time report of subsidiary Ben and Company. The results show
      1,415 words
    • Article, Illustration
      Malex recovers strongly
      543 11  -  By MANO SABNANI AFTER a dismal performance in the secondiialf of last year, Malex Asbestos Cement has bounced back strongly with a 33.8 per cent Increase in pre-tax profit to MS 1.59 million for the half-year ended June 30, 1978. Turnover increased at an oven faster rate
      543 words
    • Article
      DIVIDENDS ANNOUNCED
      255 11 Current payment Es Date Book* close Date payable Total for the year Total for previous year S'porc GIim (1974) Pegi Malaysia ltd Malacca M Omfnt Pan Electric S. Darby Unaec Loan Stk M Tobacco Berjuntai L. Perak B. Kawat Island and Pen UOB Alex Hldgs Bat a Paper
      255 words
    • Article
      SCRIP ISSUES
      108 11 umpant Particulars Ex Date Books Close ScntoM Ply Bonus Issue of 1 for 4 Aug 30 Sept 12 (■mil Kailrrn l.ifp Bonus Issue of 1 for 2 NYA NYA M'sia KtfdnilU Rights Issue of 1 for 4 (o'SI 00 per share NYA NYA Synthetk- Hrsink Rights Issue of
      108 words
    • Article
      Keramat to have new holder soon?
      185 11 THERE IS to be a switch at the top of the chain of companies controlling tin smelter, Datuk Keramat as a result of which the German firm, Preussag, will become the ultimate holding company In place of Canbrusa Mining. Amalgamated Metal CorBjratlon, a publicly-quoted
      185 words
    • Article
      Jardine(SEA) delisted
      71 11 THE Stock Exchange of Sinfnpore said Jardine Matheson (South-east Asia) Ltd will be removed from its official list today. The removal followed the company'* reconstruction, under which its ordinary shares not already owned by Jardine Ma thee on and Co Ltd were cancelled and holders received Ss2.so nominal
      71 words
    • Article, Illustration
      Far East-Levingston in stormy waters
      639 11 FAR East-Levingston Shipbuilding (FELS) has never made any bones about the bad times coming its way in the crisis-ridden shipbuilding industry. And In the first half of 1978, the bad times were well and truly in sight with profits standing at a miserable $7 000
      639 words
    • Article
      COMPANY MEETINGS
      142 11 PAPER Products (M) Bbd: AGM to be held at the Conference Room, UMBC Building, 3rd Floor, Jalan Suleiman, Kuala Lumpur, at 12 noon on Auk 19. Amcol Electrical Industries Ltd: AGM to be held at 7, Kampong Kayu Road, Singapore at 12 noon on Aug 24. Berjaya Kawat
      142 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      174 11 ONE GOOD PUBLICATION THAT'S worth a thousand watts II you're into hi-fi, youH certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve their listening pleasures. Wouldn't it be worth your while to make a mere
      174 words
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  • Article
    Lock icon Aid helps donors too says World Bank
    395 12 UPI. FOREIGN AID, often challenged by critics for wasting taxpayers' money in distant places. Is in the economic self-interest of industrialised nations such as the United States, a World Bank report indicates. Foreign aid helps poor nations finance the economic development that enables
    UPI.  -  395 words
  • Article
    Lock icon Miti to shelve export guidance plans
    307 12 UPI. Reuter. IN A controversial move expected to spark criticism in Japan and overseas, the Japanese Ministry of International Trade and Industry (Miti) plans to shelve its temporary administrative guidance aimed at containing exports at last year's level, government sources said yesterday. .Mr. Toshio
    UPI.; Reuter.  -  307 words
  • Article
    No conflict of interests: Khoo
    754 12 LAWYER Khoo Hin Hiong denied yesterday that the personal loan that businessman Cho Jock Kim had given him would have affected their business relationship. He was replying to a suggestion by DPP Glenn Knight that there was a conflict of interests in his role as
    754 words
  • Article
    Better deals for SIA-SATS staff
    227 12 THE COLLECTIVE agreement signed between Singapore Airlines (SIA) and Singapore Air Transport Workers' Union (SATU) yesterday will cost the airline $5.7 million in the first year, an Increase of 11.6 per cent. Singapore Airport Terminal Services (SATS) also signed an agreement with SATU. The Increase
    227 words
  • Article
    LONDON STOCKS
    767 12 LONDON. Wed Share prices closed lower today, dealers said, and at 3 p.m the Financial Times index was down 1.9 at 509.3. Leading industrials finished up to 7p lower. However, Tube Investments rose 4p to 416p after interim profit figures, which were above market expectations. dealers added. Government
    767 words
  • Article
    EEC's Bangkok office will boost Asean links
    170 12 THE setting up of a European Economic Community office in Bangkok will strengthen the link between the Community and Asean. For such links to be effective, however, Asean has to work hard in establishing its own identity in political, economic and commercial terms.
    170 words
  • Article
    Australian duty rise won't hit our exports
    805 12  -  »y RONNIE LIM, FONG MEW LENG SINGAPORE and other Asean countries exporting to Australia will not be hard hit by the new Australian budget, including the 12.5 per cent increase in import duty on textiles, garment and other finished products. While the actual
    805 words
  • Article
    Lock icon Sun Hung Kai buys 22-storey tower
    170 12 Reuter. SUN HUNG Kai Securities Ltd is believed to have bought the smaller of two towers of the Admiralty Centre In Queensway, Central, Hongkong. Space In the two towers has been sold for about HKSI million (S$500,000), a Cheung Kong (Holdings) Ltd spokesman said.
    Reuter.  -  170 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      118 12 (s»-»«rttm > UNITED OVERSEAS LAND LIMITED I iNCO<WOa*'EO IN S Ns«Pcaj United Overseas Land Limited has vacancies for FEMALE SALES EXECUTIVES (SHOWHOUSE) Candidates should have the following prereauisites o Age Above 21 years of age b Possess minimum GCE 'O' Level with a good command of English and Mandarin and
      118 words
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      Page 12 Advertisements Column 2
      263 12 HI m COURVO^ v. NT m m if. fifl f I 4 si, *v Fine spirits just one o/ the many luxuries on which Business Times readers spend lauishly Wanted:2s,ooo bottles of spirits The 25,000 Business Times readers are senior and middle management people in Singapore. In fact they are
      263 words
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  • Article
    SHIPPING TIMES
    4073 13 gemanm.K A guide to ships loading at Singapore fur Ports around the World The following list tabulates. by port of deetlnaUon the name of the ship, the shipping line involved, and the esUmated date* Of arrival and departure.from Slncapore port. t Consortia ma Sttnlhikh bu a >*iat arrTkr
    4,073 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      375 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents: Barter Lines Singapore Pte Ud Ta): ***** Harrisons t Crosliald Kuala Lumpur Tel: *****/59 Pemas MtSC Penaog Tel: 8231® SHIPPING SANKYO LINEI AUSTRALIA SERVICE P. Want Singapore Loading lot. MOTE* MftRU IN POUT 20/21 AM« SYD. MEL. ADFI "**CARP 25/26 Aug
      375 words
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      Page 13 Advertisements Column 2
      234 13 TRANS-CLINE Express full container service to/from European inland i —SI I gf ADRIATIC CONTAINER SERVICE HONG KONG CONTAINER LINE Singapore/J eddah full container service with fortnightly express sailings ALL 1977 BUILT SELF SUSTAINING VESSELS S pere (TO JEOOAH MUNCASHR CASTLE V < ft Auf 5 Sept CMAI TAItEE T t/W
      234 words
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      Page 13 Advertisements Column 3
      315 13 ANHSING LINE KCUIM SHH-CONrAINEt/IINH smict P UM| Pwjuf UNION KBION 24/24 Au| UNION AUSTKAUA 1/2 Sejrt MHSIM J4/2S«p» LORD STEAMSHIP CO. S.A. TMMM/STMin/TMMN UPttSS UNCI SOVICf iwdinj lot Ptrt Atiwif Pmm|. MaN»* *4ii>i»m S POK P M LANG PIMM TAIWAN LOON HSING 2S/27 Aaf 21/Mta| 1/2 U* 10 W LOON
      315 words
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      Page 13 Advertisements Column 4
      175 13 NOTICES m.v. "VISHVA CHETANA" VOY: 26 arrived 13th August, 1978. at P S. A Godown Noa. 10/11 m.v. "CHIDAMBARAM" VOY: 100 arrived 14th Aufuit, 1978. at P.S.A. GODOWN N0a.42/43. General Survey of damaged cargo ex the above vessels will be held on Monday 21st August, 1978, as from 9.00 a.m.
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      903 14 SHIPPING 119 4 9 22 9 189 5 9 16/9 22 9 13 9 1/10 27/9 7/10 11/10 4/10 19 10 111 29 10 27/10 31 10 !3 II 11 7 II FULLY CONTAINERISED TO EUROPE T p t*rUßls S poet P KcUflf H'burf B'feavtn Warn leHar* Mull) Ou-.Bj. 19
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      Page 14 Advertisements Column 2
      502 14 S borber blue seo tartoer Blue Sea From: US ATLANTIC US GULF t EAST CANADA Tagajt»i I Tai Ping I Wn—»i Aug 21/29 Sopt 5/6 Sopt 1/2 So* 1/9 x«| <•/1 bdod Wl/2 Nil r.. A«, 23 **6 Aug 24 A«g2l WtU SINGAPORE S*P| 25 Odl Oct 15 Port KeUng
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      Page 14 Advertisements Column 3
      695 14 SEA tLAND rr U.S.A./ ASIA SERVICE dry refrigerated container service sjuiinc every Wednesday for ports in us*. CANADA CMIKW IAfAN. KOREA. HUH HONG HOW THAILAND MO PHILIPPINES VESSEL/VOYAGE jnJjSUb 7 00 PM WORLD TIGER V? u ,2«/» im,a WORLD LION V 7 .Ji. mi ««|3« WORLD TIGER V 8 s«pi7/»
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      Page 14 Advertisements Column 4
      970 14 Everett Lines/ mk Burma Five Star Shipptni Corpn. Bk "BURMESE NATIONAL LINE LOADING FOR RANGOON B.F.S.S.C. Agents in Malaysia TEPS MALAYSIA PATAGONIA ARGENTINA 28/25 Auf 30 31 Auf »//i*i»t •Subied ic inducement Transportacion Maritima Mexicana S. A. "MEXICAN NATIONAL LINE" fM EAST MEXICO I CENTUL AMERICA LOADING FOR ENSENADA MANZANILLO
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      Page 14 Advertisements Column 5
      618 14 L/f: Orient Overseas Co*duMeA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) Man LtHatrt Hbwj R'daw w r 8/1 99 10 9 13/9 11/9 13 9 15 9 17,9 18 9 18'9 20 9 22' 9 21 9 ?6 9 20 9 210 4,10 61. 810 810 10 10 12
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      Page 15 Advertisements Column 1
      994 15 _OC.L. Overseas Containers Limrted somes A NyctNTiHUT: H'burg Spore P. Ktlang D'mark 25*" T It 111 71 lit lOStft WMIM 1 Stft II Stft MUM mil 4 sift ?«Stft OAT 11 Stft 13 Sift Oct w; nuft 72 UK 11 "Si*' »Stft 21 Stft IS Oct fifSfi MT i o
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      Page 15 Advertisements Column 2
      1519 15 A }otn( service of Ben Uneßkje Flwmei Cipn Lme and NSklO TO OK COHTINENT (Via iW) Fenang Europe c.i/tT i«r tin *n 71/71 Sept 71 :i sept 77/74 Oct T« HI SEA PORTS lenoes. Bilbao. Amsten Hull LYCAON 11/14 S(»t i*eci(tn FCL ceata ears HI kreakkalk cargt) (ROM UK COHTINSNT
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      Page 15 Advertisements Column 3
      1115 15 cm BEN LINE CONTAINERS LIMITED H'iUIC P'HAVEN rOAM HAVRE SOTO* Tl apt Sinpton P. Kelt* G*n.w T /V'»ij MM FrMct Ail UI Scantiw.a Antaerp nuiui it r >at 11 s«pt iilSt-(u«5« m mmavow '< 21 'n iunt iisett usept nun um Nuuat (imn isw ii>m unit tiim MMr lITtNO MttU
      1,115 words
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      Page 15 Advertisements Column 4
      1024 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA FleOrr tram P. (flat Vessel IlUMit 11/ I kit OEJIMA uutiict TOTAMA EIEANOOA 1/ lIHKM KUMU 11/ t Nil NOMTMAN FRANCESCA JUTLAND! Stun U Msnlles 21 Mm* S Hkutg 4) Starg W I 4/0 11/ IV 11 Cmm
      1,024 words
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      Page 15 Advertisements Column 5
      673 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. LUIS FIR L 1 AFRICA SAN CIMCt Mauritius. Reunion. Dwtuo. E 1., P. 1.. ripfTown; Raantan 11 It Aaf S pot Mt«f]S«| P. Reiaflg 4/7 rm un i t*m vnci fm hmu SUSANNE S>«U Penang P. Relang 7t7J tag Spore 24/21 LOSSIEBAM Petting P.
      673 words
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      688 16 K LINE KAWASAKI KISEN KAISHA. 1 TP >pi f xpßf SS Sf H>. iCf t#*RACUA MARU memcut maru SafMl* FIRST fiMSA SITU ty'( TIEN ASIA AGENTS: SOOTH AFAICA S pore Durban E. Ldn P Eli/ C'town' Qfc. 29/11 An 1 Sept S Sept J Sept I Sep* j ncceptin entailers
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      Page 16 Advertisements Column 2
      800 16 E. C.-U. S. A. ATLAITIC/ uctnm witt cmiimb nm Ln<>q tar: NOOFOLK. NIW TOM. DAITItaMC. Sifpwi P. E.C./GREAT LAKES AGENTS JUMABMOV ÜBAIDUtLA CO R j UVA 9HOV K SONS SONS P T E LTD SON BMP V SDN OMD Singapore P#. «J P 3 T 91 5 l,n f, J*****
      800 words
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      Page 16 Advertisements Column 3
      1023 16 ■NOL NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: Tl Emrc (VU SKO' 9IIENTAL CHI Eft SEVEN SEAS BKIICE ORIENTAL lESEAICNEI NEHONE CMAL CNEMUEI nm. CHEVALIER WZE }0 CNIEF S ptri CM I P. Kelanf S kanptM H burj Brew. II A* 5 Sapt I Sift II Uft 25 U| 11S«*
      1,023 words
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      Page 16 Advertisements Column 4
      589 16 MALAYSIA* INTfPNATIONAI SHIPPING COPPOPATtON BEftHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA FM<> blH| Vessel fmt I) Mloillet BMm 31 Htarf 4) G»« r Ell (MM 11/ Ml. if JIM* I V l/l 11/ I 11/ I ramrsu a/ miM si/ 11/ n/ a/ a/» (ItAMU 1/ I IORRICAN 11/1 a/
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      864 16 INTRASEA (PTE) LTD imi 1 .->-4 s; A r.w i i RECOLAR INtEPENOENT SOM/RM CONTAINER SERVICE TO EOROPE S port f. IKiwc Penane I*** *r~nmiHm 11 Htufr#o«mr« mttu m (Sept >*•»< 1 *»< H 'b«irg Ciu«,Mm 1,..,, M iHTUUi (fTt) LTB-2MMII-M* UK l»m~ l 2£ ut snippim TWIW imm, M».
      864 words