The Business Times, 18 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 FRIDAY, AUGUST 18, 1971 50 CENTS
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  • BRIEFLY...
    • Article
      Asean trade institute
      82 1 THE DUTCH government is sponsoring a feasibility report on the setting up of an Asean Foreign Trade Institute. The study will be conducted by the Geneva-based International Trade Centre. The proposed institute will provide courses to Asean officials and businessmen on export promotion and marketing. It is
      82 words
    • Article
      Watches for China
      50 1 CHINA plans to buy two million Swiss watches this year, reports the Hongkong-based China Economic Times. The Chinese domestic market is slowly opening up to certain foreign consumer products since January. Besides watches. Hungarian and Japanese television sets and Japanese synthetic textiles have penetrated furthest into China.
      50 words
    • Article
      Lock icon Higher profits
      67 1 Reuter TOKYO, Thurs. Japan's major companies expect to show an average 4.2 per cent rise in aftertax profits in the first-half of this financial year, according to the Nihon Keizai Shimbun daily. The newspaper polled 365 companies listed on the Tokyo Stock Exchange, The companies expected after-tax profits
      Reuter  -  67 words
    • Article
      Slowing the franc
      40 1 BERN, Thurs. The Swiss government today announced it is considering new action to slow the appreciation of the Swiss franc against the dollar and other major Western currencies which it said posed a threat to Switzerland's economy.
      40 words
    • Article
      Lock icon Americans earning more
      62 1 UPI WASHINGTON, Thurs. The personal income of Americans rose by 1.4 per cent in July to register the greatest gain in three months, the Commerce Department reported today. Personal income, an important economic indicator because it signals future consumer spending, rose by U5524.2 billion (5554.5 billion) seasonally-adjusted.
      UPI  -  62 words
    • Article
      Lock icon Soda ash plant review
      55 1 Reuter BANGKOK, Thurs. Asean officials will meet here late this month t,o review a feasibility survey on a soda ash joint venture project in Thailand. Results of the meeting would be submitted to the Committee on Industries, Minerals and Energies (Coime) for approval when it meets
      Reuter  -  55 words
    • Article
      Lock icon Boosting farm output
      87 1 Reuter J PEKING. Thurs. China, acknowledging that its agricultural production goals were not being met and that farming methods remained backward. has promised its peasants more state aid to boost output. Vice-Premier Li Hsien-nien said the state would introduce six measures to boost production: increased state investment
      Reuter  -  87 words
    • Article
      Lock icon Dow Jones
      63 1 UPI NEW YORK. Thurs. The Dow Jones Industrial average climbed above the 900-mark as stocks surged early today in response to the Carter Administration s intentions to aid the slumping dollar. Trading was heavy. The Dow Jones average was ahead 8.49 points to 903.06 around 1500 GMT. Advances
      UPI  -  63 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      146 1 Rises Most active Rahman Hvd Tronoh Mines 630 790 186 100 Sime Darby 1.929,000 Cons Plant 584.000 Haw Par 575,000 City Dev 527,000 Sin Chew 373,000 lirrjunlii STP l»7.» Spore Bus Ol B 860 750 252 364 20 15 13 12 Dutch Baby 242 12 Total Turnover:
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    • Article, Illustration
      In Kuala Lumpur
      148 1 Rises Most active Ming Court S Kinta Minsec Tronoh Berjuntai S Dredge Mentakab Rahman Hy 1.85 7.20 4.50 8.20 8 80 4 86 3 20 6.50 .55 .45 .36 .30 .30 .26 20 .20 S. Darby 896.000 Consplant 564.000 Haw Par 458,000 UOL 362.000 Total Turnover: 8.66
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  • Article, Illustration
    Magic of Merlin enchants UOL
    648 1  -  EXCHANGE OF SHARES OFFER By ARTHUR NG PROPERTY developer United Overseas Land (UOL) last night announced its intention to take over the minority stake in its most profitable subsidiary, Hotel Merlin Singapore (Merlin). In yesterday's announcement, made after the close of trading, the property developer
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  • Article
    US$ REBOUNDS IN EUROPE
    222 1 THE US dollar recovered strongly on European foreign exchange markets yesterday after President Carter's call on Wednesday for a study on how to help the currency. The President's move was generally welcomed, but dealers warned that the dollar could resume its downward course unless very strong
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  • Article
    First yen bond issue to be listed on SES
    681 1  -  By QUEK PECK LIM THE first offshore yen bond issue to be listed on the Stock Exchange of Singapore has just been announced. Invitational telexes for a 15 billion yen (US$B5 million) bond for the Asian Development Bank (ADB) were sent
    681 words
  • Article
    MISC is hopeful
    136 1 MALAYSIAN International Shipping Corporation chairman, Mr. Kwok Hock Nlen, hinted yesterday that freight rates may go up In the near future. He said the present "depressed or uneconomic freight rates" could not last forever, and this view was shared by most shipowners. "We are therefore hopeful that
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  • Article
    Sin Chew may have a new chairman shortly
    300 1  -  ■y RONNIE LIM THE CHAIR of Sin Chew Jit Poh and two other director seats, which have been left vacant since the annual general meeting, is likely to be filled within the next few weeks. Mr. Wee Cho Yaw, chairman of United
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  • Article
    Recruitment of Asean workers on
    351 1  -  ■y FONG MEW LENG SEVERAL manufacturers in Singapore are now conducting studies in Thailand. Indonesia and other neighbouring countries on the feasibility of recruiting their workers. This is the result of the Economic Development Board's latest scheme to help ease the labour shortage in Singapore.
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  • Article
    Injunction against Bovis set aside
    205 1 THE CHIEF Justice yesterday removed a court order against the sale of 30,077 square metres of land by Bo vis (S) Pte Ltd. An ex-parte Interim injunction against .the company, brought by Island Concrete Pte Ltd on June 19, against the sale of the property
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      6 words
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      Page 1 Advertisements Column 2
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      136 words
    • Advertisement
      Page 1 Advertisements Column 3
      83 1 raiixs PONTIAC Land looks into city centre hotel 2 SUCCESS of incentive schemes in reducing absenteeism 2 UNION presses Ley land to bid for Chrysler 3 TREACHERY of the world's straits 5 ROLE of the company SHIPPING TIMES secretary (Pt. 2) FORUM: Singapore's export performance 7 TAXMAN will wfcf inroads
      83 words
    • Advertisement
      Page 1 Advertisements Column 4
      162 1 SINTAT Rent-a-Car kVL'HiDA'D* Singapore: *****55. *****5 (Airport) Kuala Lumpur: *****4 Penang: ***** Kuontarv ***** U-BIX The Complete Cowing System Makes Perfect Impressions «Hk' J..J U-Bix 1500 U-BIX 1500 High speed copying at 15 copies per minute. Push button selection of two different paper sizes. Copies from bulky book, bound volumes
      162 words
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  • TRADE AND INDUSTRY
    • Article
      Cash can't keep all workers at the bench
      463 2  -  By FOO CHOY PENG THE PERFECT attendance allowance incentive adopted by several electronics firms to reduce the rate of absenteeism and Job-hopping has been described as being "quite effective" though It did not wipe out the high rate of absenteeism. Under this
      463 words
    • Article
      SEMINAR A GEM OF AN IDEA
      214 2 THE SINGAPORE Diamond Importers Association intends to Invite the world's largest diamond mining company to conduct a two-day promotional and educational seminar here In November. De Beers, the world's biggest single miner of diamonds and active promoter of the gem in Europe and Japan,
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    • Article, Illustration
      THOMAS COOK MD HERE
      56 2 THE group managing director (travel) Mr. R. Kennedy (above), of Thomas Cook Overseas, arrived in Singapore yesterday. During his stay here till Saturday he will meet people in the travel industry. He will also visit Manila and Hongkong before returning to Kuala Lumpur. Mr. Kennedy joined
      56 words
    • Article
      Pepper duties reduced
      57 2 THE Malaysian government said it has cut the total duty on white pepper to M 5639.48 (5672.22) per tonne and black pepper to $260.75 ($293.49) effective from yesterday. Export duties were set on the basis of gazetted prices for white pepper at $4,692.54 per tonne ($4,779.84) and
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    • Article
      Manufacturers in KL plan own missions
      250 2 THE FEDERATION of Malaysian Manufacturers (FMM) plans to organise Its own trade missions overseas to promote Malaysian manufactured goods. The chairman of the organising committee for the FMM trade fair 1979, Mr. Soong Slew Hoong, said that the private sector should take the initiative
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    • Article
      Singapore MPs for Bonn meeting
      114 2 SENIOR Minister of State (Finance) Dr. Tan Eng Liang and the MP for Delta, Mr. Yeo Choo Kok, will be representing Singapore at the 65th Inter-Parlla-mentary Union meeting in Bonn from Sept. 5. The 10-day meeting will Include discussions on the Middle East problem, the
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    • Article, Illustration
      Pontiac Land move
      359 2  -  •y TEO TECK WENG PONTIAC Land will look into the possibility of developing a "tourist" class hotel in the city centre which will be In line with the Government's avowed intention to Induce night life into this area. Disclosing this yesterday, Mr. Kwee Llong Tek, a director
      359 words
    • Article
      Training more pattern makers
      393 2 THE Economic Development Board and the Industrial Training Board are looking into the feasibility of training more skilled wood-pattern makers for Singapore's foundry Industry. This follows a recent EDB proposal for the establishment of a pattern-making training centre In association with the ITB, in view of
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    • Article
      Asian tourist organisations plan joint programme
      309 2 IN A MOVE to boost lntraregional travel, the eight national tourist organisations In Singapore will jointly organise a promotional programme (or the Asian circuit to be held next February or March. Although the programme could either be held In Singapore or Jakarta and Surabaya
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    • Article
      Brave Mr. Palani gets Guinness award
      193 2 A /BARBER. Mr. Palani Andi, will be the second recipient of the Guinness Stout Effort Award for his selfless act of bravery displayed when he saved the life of a four-year-old boy ,from a burning flat In Queenstown on July 7. Dr. Ho Ouan
      193 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      191 2 Leader. Page 6 f? b I f fepfeJEfe*g ii C '-tr- ?<-- r/ sSJS 5 flgfe >• alMllte ';;'Vj -1 n- y£-<y SMBaßraMSfc-grf. *"> 'yßsMi+Wp-- •ff* x ?f f f 4 V v *?jMfe&3SPR?3P' jsfj WSO9SM^ l&m t f|# ••> v* -"iIRs iSfeife ilv These tinv buttons JVJA. jd?-. v
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    • Advertisement
      Page 2 Advertisements Column 2
      223 2 Speak cffactivaty SeH yoorscH and your 4«n B« d ywir host with any (TMtp Think and speak on your foot Control faar and worry B« a better conversationalist Win a hotter job, more income THE DALE CARNEGIE COURSE promote* and d«»ilopi thete qualities in those who ore Kti't in hutmost,
      223 words
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  • OVERSEAS
    • Article
      Lock icon Extra duty a barrier
      528 3 Reuter AUSTRALIA'S decision to slap 12ft per cent special additional customs duty on finished goods subject to Import controls, announced In Tuesday night's Budget, win have a significant protective effect despite government disclaimers, importers In Sydney said. The Australian government presented the measure as being Intended
      Reuter  -  528 words
    • Article
      Lock icon SCM awarded new monopoly damages totalling $59m
      367 3 Reuter A US Federal court awarded new monopoly damages of U5525.6 million <5558.8 million) to SCM Corporation in its anti-trust case against Xerox Corporation. The jury's verdict was on SCM's claim for $48.3 million in damages. It was the third and last stage
      Reuter  -  367 words
    • Article
      Lock icon Canada's pledge to slash spending
      229 3 AP THE Canadian government promised on Wednesday to reduce Its federal spending by C 52.5 billion (Ss4.B billion) in the next two years to bolster Canada's sagging economy. It said the cuts will not affect payments to war veterans and to senior citizens. The cuts
      AP  -  229 words
    • Article
      Lock icon Union will press Leyland to bid for Chrysler
      511 3 NYT THE union representing about two-thirds of Britain's car workers will press British Leyland and perhaps other manufacturers to make offers for Chrysler Corp operations in Britain, following the recent bid of Peugeot-Cl-troen. Mr. Mostyn Evans, general secretary of the Transport and
      NYT  -  511 words
    • Article
      Lock icon UK EASES FOREIGN STOCK CONTROLS
      103 3 Reuter THE BANK of England said it is making the first in a series of cnanges to exchange controls covering stock in foreign companies owned by British residents. The first changes, in force since Wednesday, cover the disposal of foreign currency securities owned as portfolio
      Reuter  -  103 words
    • WORLD IN BRIEF
      • Article
        Lock icon HOUSE PASSES U.S. BUDGET
        381 3 Agencies THE US House of Representatives on Wednesday adopted a federal government budget that calls for spending U*****.8 billion (SSI,IOO billion) in fiscal 1979 (beginning Oct. 1,1978) and trimming the estimated deficit to $39.8 billion. The Senate Is expected to act next month on a version
        Agencies  -  381 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      301 3 Book Now! I No restrictions! to foreigners! 90% loan available I up to 20 years J at very low I interest rate. I tV -m m Aerial View from a Cairnhill Home. >* ft' I' Ssj SF ■cse: Plaza Phase II Now open for booking. :r&L«k' Living Room Swimming Pool
      301 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      671 3 -IN-ONE CROSSWORD I 20 25 26 28 27 30 33 34 35 37 38 CRYPTIC PUZZLE ACROSS 3 But not too angry for a kiss? (5) 8 Tongue. It seems. Is a pound a can (5) 10 Where equality Is. In France (5) 11 Lo and behold. Initially! (3) 12
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      418 4 THE Singapore market closed slightly higher with September One RSS buyers yesterday quoted at 242.25 cents per kilo, up one cent. Opening prices were marked up 3.75 cents on speculative buying and forward demand, they said. Profit-taking, upcountry releases and reports of China's abstinence due to
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    • Article
      RAS PRICES
      392 4 K A S. prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Inl. 1 R.S.S prompt f.o.b. Inl 1 R.S.S. Sept Int 1 R.S.S. Oct lit 2 R.S.S. I K (Hill Int :< R.S.S. I'K font lilt 4 R.S.S. I'K Cimt Inl ft R.S.S. I
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    • Article
      SSR AND SMR
      112 4 noon ssk ;in«l SMR prices yesterday: HAS September October (Curren c Mth) (Forward Mth) Buyers Sellers Buyers Sellers (cents f >erk«> > (cents terkg) SSK 211 (1 -ton pallet) 216.50 218.50N 217.50 219 50N SSK >0 (1 -ton pallet) "214 50 216 50N 215.50 217.50N SMHSfV 11-ton
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    • Article
      Closing prices
      30 4 Rubber: Aug 17 Singapore: Sept 242.25 cents (up 1 cent) Malaysia: Sept 246.50 cents (up 0.25 cent) Tin: MSI,BIO (up $1) Official offering: 214 tonnes (down 76 tonnes)
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    • Article
      Rice
      201 4 BANGKOK rice prices were unchanged yesterday. (FOB Bangkok. In US dlrs) White 100% new crop Ist class 387 2nd class 382. 3rd class 377. While rictinn crop 5 per cent 372. 10 per cent 347. 15 per cent 342. 20 per c ent 342. 25 per cent 327. 35
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    • Article
      Produce exchange
      350 4 TRADING activity was minimal on the Singapore produce market yesterday. Quoted prices for pepper remained unchanged. But the undertone was steadier for white. No arrivals were reported. Oil millers were also idle as the overseas market for edible oils eased under nervous dealer selling. Quoted E rices on
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    • Article
      Hongkong Comex
      190 4 THE sugar market closed yesterday about 0.25 US cents lower In fairly quiet trading, with prices moving within a narrow range all day, dealers said. The Hongkong dally spot sugar price eased by 0.10 to 7.05 cents, in line with Wednesday's New York September close of 7.05/06. Turnover
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    • Article
      SPOT PRICES
      186 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cottoa Yarn China Blue Phoenix 20 s 1.175. 32 s 2.390. 40 s 2.5«5, (per bale of 400 lbs.) P»*ee G»o4» China: Butterfly and Globe brand unq. Dragon Head una. Five Lambs unq, Flower and ButterfPahiataa Raw CoUoa: LSS 3
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    • Article
      Cocoa
      163 4 TERMINAL cocoa in London was barely maintained late Wednesday morning, closing t'7.50 down from Tuesday to 10.50 up. Turnover totalled 861 lots including one option and 151 lots crossed. Dealers said the decline from early highs could be attributed to belated hedg- Ing and sporadic jobber liquidation. The market
      163 words
    • Article
      Palm oil
      77 4 C.l.K North European ports. In US dollars per tonne unless otherwise stated LONDON Malaysian 5% f fa bulk per tonne October Sumatra 5% ffa bulk August September October November December Nigeria 5% ffa bulk stg Wednesday 570 nom 830 pd 645/825 pd 600/580 pd 587 V, pd unch
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    • Article
      Straits tin
      150 4 THE Straits tin price firmed a further MS 25 per plcul to $1,810. They attributed the continued rise to followthrough demand from all sources, particularly US and local together with steadier London advices. Sentiment was also helped by reduced supplies of metal from miners with total volume decreasing
      150 words
    • Article
      Sugar
      181 4 SUGAR futures finished yesterday morning in London with on-balance losses of £1.30 to £0.85 per tonne, having held relatively steady throughout the session at around lowec opening call levels. The market was Initially down by an average £1.10 per tonne In a minor fol-low-through from Wed-, nesday night's lower
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    • Article
      Coffee
      168 4 ROBUSTA futures yesterday ended the opening call in London, steady £35 to £25 per tonne up. Turnover was 721 lots of which around 420 lots were cross trades. Local dealer and commission house buying contributed to early gains In an otherwise quiet market. Dealers said the steadiness reflected the
      168 words
    • Article
      Duty rates
      90 4 THE Malaysian government said it raised the total export duty on rubber to 51 cents per kilo from 50-1/ 2 cents, effective lyExport duty on copra was MJ96.ii per tonne (96.93) while that on palm kernel remains unchanged to $101.15 per tonne. The cess for research and replanting
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    • Article
      Soybean
      78 4 CHICAGO soybean futures finished down 11-1/4 to ten cents a bushel on Wednesday. Prices dropped to lows around noon on aggressive commercial and exporter selling, but losses were pared slightly near the close by local short covering, traders said. Some support also came, from commission house purchases of about
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    • Article
      Wheat
      82 4 CHICAGO wheat futures lost six to 4-3/4 cents a bushel at the close. Commission house buying in the final minutes of about four million bushels o.' the December lifted prices from the days lows, but traders said commission houses were sellers on balance. Announcement by the Usda that It
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    • Article
      Copper
      319 4 COPPER wire bars closed £4 per tonne higher for cash and £4.50 higher for three months on Wednesday In London. The market recouped morning kerb losses as fresh buying and shortcoverlng developed on trade reports, subsequently confirmed, that Southern Peru Copper Corp had declared full force majeure on blister
      319 words
    • Article
      Silver
      213 4 THE Hongkong market closed 50 HK cents lower at 9268.00 per 10 ounces In thin trading, dealers said. Turnover was estimated at 10,000 ounces, while fixing price eased the dollar to The local close was equivalent to 5.6720 US cents per ounce, slightly higher than New York and Chicago
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    • Article
      Gold
      429 4 THE kllobar in Singapore opened at 5515,277 and closed at $15,165 yesterday. Tone of the market was generally nervous especially In the afternoon when downward trend of gold prices and upward trend of the dollar were experienced. Trading was generally light. Spot gold for London delivery opened at U*****.00/30
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    • Article
      Lead
      42 4 LEAD closed CI per tonne up for cash and 10.75 up for Three Months on Wednesday. The market was quiet and rather hesitant during the afternoon which dealers felt reflected the nervous copper market and prices held in a narrow range.
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    • Article
      Zinc
      42 4 ZINC ended Wednesday C 3.75 up for cash and i' 3 higher for Three Months. A steadier tone was evident in the afternoon with scattered buying orders hiding very little selling Interest Dealers said zinc has tended to be rather sluggish
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        565 4 THE US dollar saw renewed confidence and rallied against major currencies on the foreign exchange market yesterday. Following President Carter's call for ways to deal with the falling dollar, the US currency closed on a firmer note, particularly against the yen. From its opening level of 185.60/70 against
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      • Article
        Asian $ & CD rates
        189 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on Aug 17: US DolLa in (Sptt) OfWr BW 7 day* 1 tnth 2 mtlu 3 ruths 6 mtlu 9mthj 12 mUu 8 3/16 .8 3/8 .10/16 811/16 1/16 .01/8 93/16 Sw.Pr*. 1/10 > 1/4 7/10 0 0/10 0
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        Discount
        45 4 RANGE of price* offered by discount houses on Auf 17: Overnlfht W 3HH Call deposits 3SS (Mi B*yia« g.Ui M 3-month Treasury bills 3 3/8 31/4 3-month Bank bills a i/» 3-montnCD 61/2 8 3/8 6-month CD 88/18 67/16 Source: National Discount Co Ltd.
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      • Article
        MLR
        21 4 THE average rate at which Singapore bank* are currently prepared to lead to their beet customers is 7 per cent.
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        Zurich
        58 4 1 j 1 ftc* on Aug 16: US 15«TO-«OaO Sterling 3 1*4-1335 Can 1 M44-JT76 Dak tl MlS-tni D(1 74 »47-7S 1308 Ffr 37 3034-4106 Blr 5 1803-1735 Dkr 2# 3532-4227 Hkr 30 7188-7872 Skr 3( 2570-3344 Lit 0 1926-1030 A US ach 11 2888-3282 Port 3 S350-55B8 Spun
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        London
        219 4 THE dollar yesterday firmed strongly against major currencies In a very thin and highly nervous market. The dollar moved as high as 1.952G against sterling compared with 1.9750/70 overnight before stabilising around 1.9545/55. Currency quotations were subject to wide spreads, evidencing the highly strung state of the market, which
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      • Article
        New York
        245 4 THE dollar closed firmer on Wednesday following a nervous, hectic session which saw the sharpest rate fluctuations In recent months, dealers said. They said trading was chaotic at times following President Carter's statement he has asked for a study of ways to deal with the dollar's decline, as
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      • Article
        Hongkong
        218 4 TRADING in currencies against the US dollar turned hectic in afternoon trading with the opening of European centre, dealers said. The market was unstable, with large fluctuations in rates reported, based on only small deals, and with profit-taking seen in many areas. Dealers say sentiment here and from Europe
        218 words
      • Article
        Tokyo
        135 4 THE US dollar for overnight delivery closed higher at 185.50 yen, compared with a 185.00 opening. The dollar flucutated between 185.50 and 185.50 yen in nervous late trading, after a sharp early recovery to 186.20. Trading was fairly active with volume $549 million. The initial dollar rise reflected its
        135 words
      • Article
        Euro $ rates
        71 4 Euro rates LONDON Eurodollar deposit rates were higher following Indications that the Federal Reserve Board has tightened monetary policy, dealers said. EURODOLLAR deposit* opening rate* yesterday Overnight 23-7/16, 23-5/16 Weekend 3-1/16. 2-15/16 Mon Tues S-1/IS. 7-IVI6 Seven days fix and notice S-i/S. One Mth 6-7/16. 8-5/16 Two Mths 8-5/8. 8-1/2
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      • Article
        Australia/NZ
        63 4 AUSTRALIA NZ exchanges quote* on Aug 17: US dollar 1 1620/ 1 1572 Sterling 0 5937/ 0 5655 Ninety-day air mall buying rates Sterling 0 6127 US dollar 1 1955 Ninety-day forward buying rates Sterling 0 5951 US dollar 1.1561 NEW ZEALAND Sterling 0.5418/ 0 5389 US dollar 1.0671/
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      162 4 Why Reduce r i Oversize documents are one of the most annoying problems for professionals on the go in today's business world. Difficult-to-handle items cause endless frustration for those who rely on attache cases. Size standardization is one solution. The Canon NP-5500, a brand-new versatile reduction copier, has been specially
      162 words
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  • TRANSPORT
    • Article
      Lock icon Taiwanese shippers challenge freight rate increases
      309 5 Reuter TAIWAN'S National Shippers' Council has called for the cancellation, or at least postponement until next year, of freight rate increases recently announced by the Australian and New Zealand/ Eastern Shipping Conference. Shipping industry sources said Taiwanese shippers, at a meeting in Talpeh with
      Reuter  -  309 words
    • Article
      New ship
      29 5 JURONG Shipyard will hold a launching ceremony for a 10,000 dwt cargo ship tomorrow. The vessel, Hull No. 1028, is owned by P.T. Gesuri Lloyd of Indonesia.
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    • Article, Illustration
      SOS! Mariners are in 'desperate straits'
      1097 5  -  By PETER CHIA SERIOUS ACCIDENTS in the world's straits still occur at an alarming rate despite sophisticated radar and other technical advances in navigational equipment. Safety is affected by a number of factors, the Lloyd's Register of Shipping said in its April issue of
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    • Article, Illustration
      SHIPS IN PORT
      407 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bakuriani (after Protesilaus Lloyd Bakke sails) 8/9 Bunga Gelang (1300) 19 Golden Globe (0800 after Kota Maha) 13/14 Johneverett (after Golden Eagle) 40/41 Katsura Maru (after Lloyd Bakke) 10/11 Muse Bell (after Palm Sea Horse) 15/16 Patricia (after Halmen Fushlml Maru) 38/39
      407 words
    • Article
      FEFC ADJUSTS S'PORE, KL CURRENCY FACTOR
      134 5 THE Far Eastern Freight Conference (FEFC) announced yesterday that the Singapore/ Malaysia currency adjustment factor will be revised to 20.5 per cent from Sunday. In a review of currency values, the CAF was calculated at 20.59 per cent. Since this represents a significant change
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    • Article
      Lock icon Scandinavian green light
      60 5 Reuter DENMARK, Sweden and Norway agreed on Wednesday to permit Americanowned Northwest Airlines to open low-price routes between New York, Stockholm and Copenhagen, the Danish Traffic Mlnlstrv announced. The Scandinavian countries wanted to see how cheap flights would work and what effects they would have on air
      Reuter  -  60 words
    • Article
      Latin routes boost SAS traffic growth
      358 5 THE SCANDINAVIAN Airlines System (SAS) recorded all-round increases In the nine months to June with the load factor rising 1.8 percentage points to 55.2 per cent. In terms of revenue of tonne-kilometres, the rise In traffic during the period was 14 per cent against
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    • Article
      Lock icon Thai orders three more Jumbos
      213 5 AP THAI International recently placed an order for three Boeing 747-2008 aircraft for delivery late next year and early 1980. These aeroplanes are Lowered with General lectric CF6-50E2 engines, and equipped with the improvements that can enable Thai to offer longrange flights, for example, direct
      AP  -  213 words
    • Article
      Trieste for Far East
      133 5 LLOYD Trlestlon has taken delivery of the Trieste, a multi-purpose cargo vessel specially designed for the South-east Asian/Europe trade. The 12,500-ton ship can also carry bulk latex. It Joins the company's conventional service between Europe and the Far East. Five other ships are used on the
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    • Article
      Lock icon LONDON FREIGHT
      184 5 UPI ATTENTION still focused on the Far East on Wednesday, at least where timecharter business was concerned. Several vessels of diverse sizes were booked for delivery in Japan and Taiwan. These Included the 25,706 dwt Cinchona which received US$4,lOO per day for one Australia round voyage after spot
      UPI  -  184 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      750 5 ARRIVALS Sen ice Local Operator Number Time From CAL CI331 0040 TPE/HKO/KUL PAA PA005 0115 SFO/HKO MAS MH601 0700 KUL MAS MH682 0725 KCH 8IA SQ101 0615 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP RBA BI323 1025
      750 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      134 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -r Call us foi you. local or onward reservations z-—VT YOU NEED AN INTERCOM YOUR RECEPTIONIST NEEDS AN AIPHONE When you instal an Aiphone In tercom System in your office, your Receptionist can actually stay at the front desk Instead of
      134 words
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  • Article
    Cut absenteeism at the roots
    676 6 ABSENTEEISM is an ailment which can afflict all industrial societies. It Is only Just catching on in the Republic and Is a trend that should be discouraged. Yet In choosing to face this particular issue, local managers have resorted to some practices which appear to
    676 words
  • Article, Illustration
    Companies should be free to pick their own brand of secretaries
    1930 6  -  In the concluding, second part of an article by AWTHER SINGH, a freelance taxation and corporate consultant, on the Company Secretary and his role in Singapore, the writer discusses what professional qualifications could be recognised as essential for the
    1,930 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      336 6 m <u \Wk f lon Bar I N Not a drop is sold Till it is 12 years old Another quality product fro* 405/407 Havelock Road, S'porc 3. Tel: *****1 Ist Elvis Presley Anniversary Show (Hill Saturday 19/8, 10 10.30 pm) featuring Billy Martinez (S'pore Elvis). Come around to lon
      336 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      154 6 THE southwest monsoon is active over most parts of South and South-east Asia but is likely to slacken soon three to four days before becoming active again. Singapore is therefore likely to be affected by showery conditions mostly during the morning for the next two days. Gusty winds may occasionally
      154 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      265 6 SINGAPORE 5 3.00 P.M. Opening followed by Execution In Autumn (Repeat) 4.40 Intermission 6.05 Opening annct followed by Exercise with Gloria 0 (Last Episode) 6.30 News In Brief 6.35 December Bride Football Hero 7.00 Persembahan Ku (Malay) 0 7.30 News and Newsreel in Malay 7.56 PM's Speech At the National
      265 words
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  • Article, Illustration
    Lock icon The union jack will still flutter abroad
    1565 7  -  -By MOHSIN ALI Reuter T££ ELITIST diplomatic service of Britain, once a mighty imperial power, is now going in for "minimissions." To save money the Foreign Office Is establishing small or very small diplomatic posts In countries where British commercial and other Interests
    Reuter  -  1,565 words
  • Article, Illustration
    STRAWS IN THE WIND
    525 7 EVERY girl's dream a jriarriage proposal from a -wealthy Arab oil sheikh. Or is- it? Pioneering Aussie SWWnmer, 32 year-old Linda I; has got more sense. •J&hfin she got just such a proposal recently she was by the way, presumably one oJ Ihe very few persons
    525 words
  • Article
    Local exports on the wane
    916 7  -  FORUM, on trade ■y JOHN DRYSDALE tfow THAT the trade figures for the first six months of this year have been published by the Department of Statistics, some Indication of export performance for the rest of the year can be deduced. The results are not
    916 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      328 7 New Japanese Restaurant KlKU^ft serving authentic Japanese food Teppan Yikki *Temfxira Shashimi *Sukiyaki *ShabuShabu JAPANESE RESTAURANT KIKU ORCHID INN Tel *****2 214 Dunearn Road Singapore 11 You 11 feast like royalty i at the Rang Mahal. Palace of Colours. On our daily menu are the same gourmet favourites once loved
      328 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      59 7 BriStdW ri^makliLclaenS UCIsD OF ACCOUNTS STfvKfcS r^nnmrißH -if ir-ir<BII WWD'S UTrue. CHFVP tmc tie Gioves UJRV/IUG f*T NOU FRon "Me g_nd of thc '°tCrC t r>y Tic-iipc HC S\G»NP»us -rue LWesT p»ce.s l|\T my Boss IS uMPT Oces IT mOVJ (CCTMNG Q\J\Cf UIDT U)W£N MG Pots MiS HIUt TyVjroß UP
      59 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Zurich rises slightly
      518 8 EUROPEAN MARKETS ZURICH prices rose slightly In hesitant trading on Wednesday following the recovery of the dollar and the mark Banks fluctuated and Insurances were well maintained. Among industrials, Saurer Bearer rose ort renewed heavy speculative demand. Domestic and foreign bonds rase in livelier trading. On the
      518 words
    • Article
      Zurich
      188 8 ALU IS Francs AvttonsSuisses 264 unch °/\lusuisse Br 1190 +25 l4lusuis.se Reg 507 -1 "BrmnBovniBt. 1620 40 C ihii Oeigy Br 1045 45 i ibu (ieigy PC 780 +5 •m'iIki Oeigy Reg 559 -1 «< reflit Suisse Br 2210 10 t'rertil Suisse Reg 417 +2 Kk-kirowutt Br 1860 10
      188 words
    • Article
      Amsterdam
      203 8 AUG 16 Fls ABN 360,00 +5 Ahold 109 20 +0.7 Akzo 31 20 -0.3 AMEV 83 60 +0.6 Amfas 109.70 -0.3 Anirot Bank 77 80 1.6 Bergoss 58.50 1.5 Berk 95 80 -12 Bob 71 20 +0.7 Borsumij 153.00 +2 Burhmann 71 00 +0.3 Byenkorf 93 10 +0.6 Calve
      203 words
    • Article
      Paris
      279 8 AUG It Fts CORBEILLE Air-Liqulde 330 -2 B S N Gervals Danone 528 -9 C S F (ThomsonCsf) 303 -4 Cle Francalse des Petroles 138.70 -1.8 Compagnle Financtere Compagnle 381 -4 5 Generate Credit Foncler De France 393.50 -1.5 Hachette (Libralrle) 234 50 1.5 Machines Bull 46 50 -1.3
      279 words
    • Article
      Frankfurt
      231 8 AUG 1C Dm Ae(-Telefunken 76 60 +0.1 Akzo 29 10 -0.3 Allz Leben 690S Allz Vers 481 -1 BASF 130 70 -1.3 Bay H T Wbank 290B unch Bay V bank 330B Bayer 134 20 -1 BBC 308 50B BMW 226 50 unch Cassella Chem Verw 276 4.5 Commerzbank
      231 words
    • Article
      Brussels
      93 8 AUG l« Fr* FORWARD MARKET Acec 369 -6 Arbed 2375 -20 Astur 644 +6 Brasean 467 4-4 Bru-Lamb 1525 -5 Canpac 592 -6 Cock 438 -1 De Beers 234 8 Ebes 2260 •10 Electrobel 6750 •10 Gb-lnno-Bm 2330 unch Gev 1350 10 Hobok 2450 -5 Pelro 3795 -5 Ryl
      93 words
    • Article
      Milan
      102 8 AUG If Lire Anlc 112 -3 Assoc Gen ***** 10 Bastogi 505 -3 5 Centrale 3794 26 Flat 1964 +55 Ftnslder 146 75 2 On Immob 7300 -25 IFI Prl 2357 Italeementl ***** 4235 I taigas 755 25 24 25 Italslder 312 7 25 Magnell MPI 481 1 Marelll
      102 words
    • Article
      Lock icon Blue chips in limelight
      615 8 TOKYO Source: DBS-Daiwa THE yen rate against the dollar yesterday again recovered to the 185 yen level. The market opened higher centring on blue chips, because of news that business results of the major Japanese companies for fiscal 1978 ending March 1979 will still be good
      Source: DBS-Daiwa  -  615 words
    • Article
      Lock icon Hongkong
      427 8 Source: SHK Sec REPORTS that Cheung Kong had pre-sold Its Admiralty site project for around HKSI billion further encouraged local investors yesterday and the market rose strongly again. Utility shares were again left behind as property shares led the way. Cheung Kong soared another SI to $14.90 buoyed by
      Source: SHK Sec  -  427 words
    • Article
      Sydney
      359 8 BANKS continued firmer yesterday, in reaction to Tuesday's budget announcement of lower requirements for their public securities and liquid asset holdings, while minings tended easier. Wales rose 28 cents to A*6.M, the ANZ 10 cents to $3.30, the CBC nine cents to 91.95, the National seven cents to 9%.52
      359 words
    • Article
      Toronto
      259 8 THE MARKET closed broadly higher In active trading on Wednesday, with the composite index up 10.1 points. Advances led declines 297 to 170. The transportation Index had a record advance of 84.2 points. Canadian Pacific, the most heavily weighted stock, rose 1-3/8 to 23-1/4 on 131,336 shares. The company
      259 words
    • Article
      Selected indices
      65 8 FINANCIAL TIMES INDUSTRIALS Wednesday 510.0 Tuesday 511.2 Week Ago 518.2 DOW JONES AVERAGE INDUSTRIALS Wednesday 8M.58 Tuesday 887.13 Week Ago 891.63 LONDON DOLLAR PREMIUM Wednesday 100 to 100V. Tuesday 102 to 102 H H.K. HANG SENG Thursday 660 42 Wednesday 643.54 Week Ago 614.38 SYDNEY INDUSTRIALS Thursday 448.23
      65 words
    • Article
      Bangkok
      292 8 THE market closed mixed with losses In the majority and the Book Club Index dropped 1.22 points to 187.17 with turnover 194.9 million baht, dealers said. Among losers were Bangkok Investment. General Finance, Lee Kwang Ming Trust and Bangkok Bank, dropping two baht each to 338,306,259 ai)d 378 baht
      292 words
    • Article
      Manila
      126 8 THE market closed mixed yesterday with minings and oils gaining slightly while commercials declined, dealers said. Turnover fell to 21.00 million pesos from Wednesday's 37.14 million. AUG IT Pesos Acoje Uinlnj .0115 uneh Alias Con A Atlas Don B 23.70 -o e Ba<ulo Ootd 0115 +0 0005 BenfuetCon. B
      126 words
    • Article
      Active trading seen
      1191 8 NEW YORK STOCKS seesawed on Wednesday, but ended higher In an active trading session confused by apparent government moves to defend the dollar with tighter credit. Investors had hoped that interest rates were at or near a peak. But analysts said the market action Indicated they would
      1,191 words
    • Article
      Jo'burg
      408 8 GOLD SHARES were steady after opening easier on Wednesday, but dealers noted the high securities rand rate was still Inhibiting owaas Interest. Mining flnanctals were mostly unchanged. De Beers moved ahead on US interest, trading five cents up at 775 In fairly ac« live trading. Copper Issues were mixed
      408 words
    • Article
      CHICAGO BOARD OPTIONS
      1733 8 August 16 CHICAGO Board Options Exchange volume rose to 151,375 contracts on Wednesday from 114,078 on Tuesday. OPTIONS OCT JAN APL STOCK Alcoa 40 81/4 UNTRD 47 7/8 Alcoa 45 4 51/4 57/8 477/8 Alcoa SO 15/8 3 31/8 47 7/8 Am Exp 30 UNTRD UNTRD NOL
      1,733 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      246 8 history of making our depositors' savingsgrow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow by depositing
      246 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Occidental deal with Morocco
      340 9 N. AMERICAN Reuter [,4*ONDON: Occidental PeKtroleum Corp signed a preliminary agreement with y Morocco for cooperation in "shale oil development, oil and gas exploration and the of phosphoric -,&'cid by an Occidental f. process. The chairman, Mr. Armand Hammer, said a definitive agreement should be signed
      Reuter  -  340 words
    • Article
      Lock icon Facet may finish in the black
      619 9 NYT FACET ENTERPRISES Inc seems likely to finish the year in the black quite a feat considering that its pension burden is one of the heaviest in industry. .The company's total accrued unfunded pension benefits were US$5B.3 million last year, compared \frith sales of
      NYT  -  619 words
    • Article
      Lock icon Jordan Fertiliser raises US$50m
      70 9 BONDS LOANS Reuter LONDON: Jordan Fertiliser Industry Co is raising a US$5O million, 10-year loan from a syndicate of banks headed by Arab and Morgan Grenfell Finance Co Ltd. Primary banking sources said spreads over London interbank offered rates for the borrowing are 3/4 per cent
      Reuter  -  70 words
    • Article
      Lock icon Finasa
      33 9 Reuter LONDON: Financiera Nacional Asucarera (Firrasa) of Mexico made a USSISO million seven-year private placement with a spread of one per cent over London interbank offered rates through Citicorp, banking sources said.
      Reuter  -  33 words
    • Article
      Lock icon PHILIP MORRIS NOTE
      69 9 Reuter NEW YORK: Philip Morris Inc said it filed a registration statement with the Securities and Exchange Commission for a proposed public offering of US$2OO of 5'2 year notes due 1984. The proposed offering will be underwritten and brought to market probably at the end of August
      Reuter  -  69 words
    • Article
      Lock icon Hercules plans to transfer European business
      149 9 Reuter HERCULES INC, a major US chemicals manufacturer, plans to transfer its worldwide pigments business and European subsidiaries to Switzerland's Ciba-Geigy Ltd for an indisclosed amount. The companies made this joint announcement Wilmington-based Hercules said the value of its pigment colour sales last year
      Reuter  -  149 words
    • Article
      Lock icon DELAY IN PHILLIPS NORWAY GAS FACILITY
      118 9 Reuter PHILLIPS Petroleum Co said Phillips Norway Group's construction of natural gas liquids processing facilities in Britain on Teeside now is expected to continue into the second quarter of 1979 rather than be completed late this year. Phillips Norway Group consists of Phillips Petroleum
      Reuter  -  118 words
    • Article
      Lock icon Uncertainties make NV Philips cautious
      489 9 EUROPEAN h 4 Reuter AMSTERDAM: NV Philips Gloeilampenfabrieken management board member, Mr. Josephus Offergelt. reiterated the forecast in the 1977 annual report that it will be difficult to achieve any substantial improvement In profitability this year due to continuing uncertainties. Philips earlier announced an increase
      Reuter  -  489 words
    • Article
      Lock icon HAWKER SIDDELEY
      72 9 Reuter LONDON: Hawker Siddeley Group Ltd uld It has been awarded compensation of £60 million by the government following nationalisation of its aero-space subsidiaries in 1977, The compensation will be through the issue of government stock. Payment on account of £3.1 million was announced on Jan 25 this
      Reuter  -  72 words
    • Article
      Alcan hopeful of higher demand
      100 9 LONDON: Alcan Aluminium (UK) Ltd said demand is expected to Increase with a consequential improvement In profit in the second half of 1978. Earlier, the company reported pre-tax profit fell to £5.1 million In the first half ended June 30 from £14.7 million In the
      100 words
    • Article
      Lock icon Mitsubishi Corp hopes to maintain earnings
      525 9 Reuter AFP TOKYO: Mitsubishi Corp said it hopes to maintain consolidated net income for the current year at the 22.21 billion yen reported earlier for the year ended March 31. which was down from 33.22 billion the previous year. The company, however, said it
      Reuter; AFP  -  525 words
    • Article
      Acmil Ltd higher
      94 9 SYDNEY: Acmil Ltd said its unaudited consolidated operating profit came to A 512.11 million ($10.46 million) for the year ended June 30 on sales of $231.54 million ($91.34 million). Profit is after tax at $7.29 million ($5.54 million} depreciation $6.17 million ($4.74 million) and Interest $4.43 million
      94 words
    • Article
      Lock icon Analysts say Royal Dutch/ Shell may stumble
      378 9 Reuter LONDON: The Royal Dutch/ Shell group's second quarter 1978 net Income, before adjustment for FAS--8 Is expected to fall to between 1310 million and 1340 million from £350 million in the year ago period, and compared with 1286 million in the firsts
      Reuter  -  378 words
    • Article
      Lock icon KHD EXPECTS DOWNTURN
      317 9 FT BONN: The West German engineering industrial plant and utility vehicles concern, Kloeckner-Hum-boldt-Deutz (KHD), expects profit to decline this year after a drop In turnover in the first half. Last year, net profit totalled DM 46.5 million and an unchanged 12 per cent dividend was paid. A
      FT  -  317 words
    • Article
      Lock icon Urangesellschaft and Esso in WMC project
      454 9 ASIAN Reuter MELBOURNE: Western Mining Corp Ltd (WMC) said it reached agreement in principle for Esso Exploration and Production Australia Inc and Urangesellschaft Und Co Kg (UO) to participate in the Yeelirrie uranium project in western Australia. Subject to government approvals, the project will
      Reuter  -  454 words
    • Article
      Lock icon Toyobo bid to boost exports
      108 9 AFP OSAKA: Toyobo Co, a leading Japanese spinner, has acquired a 100 per cent stake In Bruck Hills Corp of Canada In a bid to boost Its exports to the United States. Toyobo officials Said the acquisition of Canada's fourth largest polyester textile maker is
      AFP  -  108 words
    • Article
      Lock icon JORDAN AWARDS C. ITOH DEAL
      113 9 Reuter THE Jordanian government has entrusted the third and last phase of building the Al Hussein electrical power station which will supply Amman to the Japanese company C. Itoh. Reliable sources said the final phase of the project is estimated to cost 18 million dinars.
      Reuter  -  113 words
    • Article
      Lock icon Chrysler Australia redder still
      281 9 Reuter ADELAIDE: Chrysler Australia Ltd reported an unaudited consolidated operating loss of A 512.98 million (loss $3.13 million) for first half 1978 on turnover $136.09 million ($131.24 million). Loss is after tax credit of $60,000 (credit $5,000), interest $3.69 million ($2.86 million) and depreciation $3.67 million
      Reuter  -  281 words
    • Article
      CSR debenture offer
      181 9 SYDNEY. CSR Ltd will offer As2s million debentures with the right to accept five million oversubscriptions to share and debenture holders registered Sept 7. The company said rates and terms are: 10.2 per cent four years. 10.3 per cent six years and 10.4 per cent eight years
      181 words
    • Article
      Lock icon IUCP expands into finance
      120 9 Reuter MANILA: The Investment and Underwriting Corporation of the Philippines (lUCP) is expanding into international financing and may establish a representative office in Hongkong In the near future. A senior official said the company will initially organise foreign financing for Philippine projects which the offshore banking
      Reuter  -  120 words
    • Article
      Lock icon Bank of East Asia
      71 9 Reuter HONGKONG: The Bank of East Asia Ltd announced an interim dividend of 30 cents (HKSI.SO) on capital increased by one-for-ilve bonus issue and one-for-five rights issue at end of the 1977 financial year.; The company said halfyear unaudited consolidated net profit after tax, depreciation and
      Reuter  -  71 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      47 9 r® NORTHWEST^ nDICKIT 1 ORIENT AIRLINES ANNOUNCE THAT THE ALPA PILOTS STRIKE AGAINST NORTHWEST HAS ENDED. TRANSPACIFIC FLIGHTS WILL BE RESUMED AS SOON AS POSSIBLE CONTACT YOUR TRAVEL AGENT OR NORTHWEST ABOUT OUR ROUTES, OUR SPECIAL BUDGET, EXCURSION AND OTHER FARES. NORTHWEST SINGAPORE *****41 *****43 *****42 *****30
      47 words
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      Page 9 Advertisements Column 2
      80 9 MITSUI TRUST Beacon of Progress a H \km mM m i ikum THf MITSUI TRUST 4. BANKING COMPANY lIMITTD Singapore Representative Office: Tower 1201, OBS Bldg., 6, Shenton Way. Singapore 1 Tel: *****53 Telex: ***** MITUITB RS Cable Address: MITUITRUST SINGAPORE Chief Representative: Kenichiro Yamarioto New York Branch: Telex: *****1
      80 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1651 10 Bill and offer price* officially Hated an\ business In and reported to the Stock Exchange of Singapore yesterday>lth the number of shares traded shoan In brackets in lots of 1.000 unit* Bnless otherwise specified A* Time Settlement Contracts are qacVd after the word "sett." Btw Board deal (In
      1,651 words
    • Article
      Government bonds
      125 10 4 1/2% 1/VBO (250,000) (90.»B 99 658) 4 3/4% 16/9/80 260,000) (100.028 100.128) 1% 18/4/81 (250,000) (100.228 100.308) 8% T r 1/6/83 260,000) (100.208 100.358) 5 3/4% T P IVCTI-84 250,000) (102.558) 7% 1/8/86 (250,000) (100.738 100.908) 7 1/4% 16/4/86 250.000) (100.75B) 7 1/4% 18/18/86 250,000) (100.75B) 7
      125 words
    • Article
      Stock options
      40 10 STRIKINO prices of the stock options officially listed on the Stock Exchange of Singapore, the peribds, bid and offer prices and business done yesterday with the number of options traded shown in brackets. Sime Darby (Sept 82.00) (1.555).
      40 words
  • Article
    SHARE INFORMATION SERVICE
    2543 10 1978 High Low Last Company Sale +OTGr's Dhr Div C'rr Gr'a Net YHd P/E Vol Day CW) High Lew 8ECTION ONE INDUSTRIALS 2$5 238 172 219 2«0 •3 2T6 3 2M 555 132 123* 112 133 195* 90 Mi 162 173* 140* 256 Ac ma Alcom Allied
    2,543 words
  • Article
    Unit trusts
    140 10 SINGAPORE UNIT TRUST JhHW 1 prten far Aug IS) The Commerce 2.34 2.40 INCOME BOND UNIT INCOME BOND 1.07 1.13 The Saving Fund 147 IM S pore Prof Fund 1.19 IJO MARA BUMIPUTRA FUND 8'pore Security Fund 100 2.12xd First Bumlputra 3 43 3.50 8'pore Invert Fund I
    140 words
  • Article
    In Kuala Lumpur
    1825 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 ofTwlse specified. INDUSTRIALS Aim <>.928 2 MS). Akm (2 458) (2) 2 45 <8)
    1,825 words
  • Article, Illustration
    Profit-taking pares gains
    908 10 MORE bulla stampodod into Ike Slock Exchange of Singapore yeeterday and hungry for biggat a lice of the market cake, oontiaued to fuel price riaee on the day. The climb *n. however. Interrupted by bouts of profit-taking, noticeably la the warning and later in the day. Con—quently,
    908 words
  • Article
    KLSE prices close mixed
    664 10 PROFIT-TAKING set In after an early burst of bullishness and prices drifted to a mixed close on the Kuala Lumpur stock market yesterday. Trading was again fairly active. A total of 8.86 million units worth $21.88 million was transacted compared with 8.92 million units worth $21.04
    664 words
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  • COMPANY NEWS
    • Article
      Tractors(M) raises its stake in KKP
      123 11 TRACTORS Malaysia Bhd yesterday announced that it has acquired for cash an additional 9,999,997 nominal $1 new shares at par in its wholly-owned subsidiary Kewangan Kelengkapan Pertama Sdn Bhd. KKP was incorporated in May 1975 with a paidup capital of $3 to finance Tractors'
      123 words
    • Article
      Lien Hoe Industries
      67 11 "LIEN Hoe Industries has extended the closing date of its rights issue. The closing date for the Splitting of the new ordinary shares to be provisionally alloted by way of the one-for-four rights issue will be extended by a .further seven days to 4.30 pin on Sept
      67 words
    • Article, Illustration
      Tax rise a big dredge on Berjuntai profit
      828 11  -  By SUSAN BEVAN PROFITS from Berjuntai Tin Dredging for the current year ending April 30, 1979, are likely to be lower, chairman Enclk Abdul Ghafar Baba says In his annual statement to shareholders. Enclk Ghafar was appointed to the board In June
      828 words
    • Article
      DIVIDENDS ANNOUNCED
      256 11 Current payment Ex Date Books cloae Date payable Total for the year Total for previous year S pore Glass (1974) Pegi Malaysia L'td Malacca M Cement Fan Electric S. Darby Unsec Loan Stk M Tobacco Berjuntai L. Perak B. Kawat Island and Pen UOB Alex Hld«s Bata Paper
      256 words
    • Article
      SCRIP ISSUES
      107 11 Cumpunx Particulars Ex Date Books ClOSr SentoM Ply Bonus Issue of 1 for 4 Aug 30 Sept 12 lirral Kaslrrn Life Bonus Issue of 1 for 2 NYA NYA M'sm Krrdmills Rights Issue of 1 for 4 (a SI 00 per share NYA NYA Sxnlhelir Re*int. Rights Issue
      107 words
    • Article
      City agrees to buy Central Building for $9 million
      351 11  -  ■y MANO SABNANI CITY Developments hat entered into an agreement to purchase the Central Building in Magazine Road for 19 million. Consideration for the purchase will be nine million City shares of 50 centa each at a price of SI per
      351 words
    • Article
      COMPANY MEETINGS
      143 11 PAPER Product* (M) Bbd: AOM to be held at the Conference Room, UMBC Building, 3rd Floor, Jalan Suleiman, Kuala Lumpur, at 12 noon on Aug 19. Araool Electrical IndusUiee Ltd: AOM to be held at 7, Kampong Kayu Road, Singapore at 12 noon on Aug 24. Borjaya Kawat
      143 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      174 11 WISE TRAVELLERS CHEQUE THEIR CASH «.\N* £20 ClA vS S5O \K Take Barclays travellers cheques wherever you go whenever you go. They're welcomed throughout the world. Safer than cash. A world-wide network of refund agents help vou in case of loss or theft. Available in US dollars or sterling. ON
      174 words
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      Page 11 Advertisements Column 2
      493 11 UNITED OVERSEAS LAND LIMITED INCORPORATED IN THE REPUBLIC OF SINGAPORE) ANNOUNCEMENT The Directors of United Overseas Land Limited ("UQL") announce that discussions are being held with the Board of Directors of Hotel Merlin Singapore Limited ("HMS") regarding a proposal by UOL to acquire all the ordinary shares of HMS not
      493 words
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  • Article, Illustration
    Lock icon Carter must grasp dollar nettle now
    771 12 Reuter PRESIDENT Carter s call for *a plan to rescue the sinking US dollar on foreign exchange markets was welcomed by International monetary experts In Washington and the Bank of Japan. But the monetary experts warned that unless It results In a complete policy
    Reuter  -  771 words
  • Article
    Lock icon How Japanese can respond to Asean's call
    276 12 Reuter THAI PRIME Minister Kriangsak Chamanand said in Bangkok that Japan and Asean would have to step up their reliance on each other. General Kriangsak, speaking at the opening of a privately-sponsored forum on Japanese-Asean relations. stressed Japan's importance to the regional grouping
    Reuter  -  276 words
  • Article
    Lock icon Chambers to push for more trade
    170 12 AFP FURTHER Improvement In Malaysia-Singapore trade and industry will be discussed at the annual dialogue between the Associated Chinese Chamber of Commerce and Industry Malaysia (ACCCIM) and the Singapore Chinese Chamber of Commerce and Industry (SCCCI) in Singapore next Monday. ACCCIM will send 110
    AFP  -  170 words
  • Article
    Lock icon Fears of stoking inflation allayed
    385 12 UPI WEST GERMANY should act with other Industrial countries to expand growth if domestic demand fails to pick up, advised International economic experts. Experts from the 24nation Organisation for Economic Cooperation and Development, in one of their periodic reports on member countries, said: "The risk
    UPI  -  385 words
  • Article, Illustration
    Khoo: Money not for arranging loan
    482 12 LAWYER Khoo Hln Hlong yesterday denied he had been given $218,495 to arrange a loan for businessman Cho Jock Kim. On his fourth day In the witness box, Khoo refuted a prosecution suggestion that the money was given to him by Cho In 1973
    482 words
  • Article
    Libel case settled
    317 12 A CRIMINAL libel case, In which Insurance broker Vincent Llm Meng Eng was accused of defaming his former boss, Mr. Steven K.L. Hee, was settled in a magistrate's court yesterday. Llm was discharged after lawyers for both parties settled the case in chambers before the magistrate, Mr.
    317 words
  • Article
    Lock icon EEC fears for its new monetary scheme
    194 12 AFP THE RECENT sharp decline of the US dollar on the foreign exchange* could have advene effect* for the European Economic Community, EEC officials said yesterday. Voicing fears that the dollar's latest slide might make it harder to set up a new European
    AFP  -  194 words
  • Article
    ONE MORE MONTH FOR FEHD HOLDERS
    157 12 SHAREHOLDERS of Far Eastern Hotels Development (FEHD) will have another month to sell their shares. A spokesman for Chartered Merchant Bankers acting on behalf of FEHD. said the Sl.lB-a--share offer by FEP Investments Pte. Ltd. (FEPIL) which lapsed yesterday will be extended to 3.30
    157 words
  • Article
    Tyre men rediscover natural rubber
    637 12  -  ■y A. KADIR JASIN in Kuolo Lumpur LARGE US tyre manufacturers are becoming Increasingly aware of the advantages of using high quality natural rubber, although they have the technology to use synthetic rubber. More and more of them are becoming quality conscious in choosing raw
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    LONDON STOCKS
    784 12 LONDON, Thurs. Share prices declined in quiet trading, dealers said and at 3 p.m. the Financial Times Index was down 0.5 at 509.5. Oovernment bonds fell slightly after the money supply figures and losses extended to 1/4 point Gold shares continued lower In line with the bullion price,
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      8 12 ii tm A bientdt a en conjonction ave^UTA
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      112 12 Australian Equipment to help you strike oil I i 11 4 i o 4 1 C L qT?? Searching for oil search equipment and supplies? Australia could have the answer. They're designing, building and us<ng the latest equipment in their own extensive oil search activities, much of it offshore. Everything
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    SHIPPING TIMES
    2600 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The foMowlnf list tabulates. by port of destination ths name of the ship, the shipping line involved, and the estimated dates bf arrival and departure from Bin«apore port. t CMflortiiuns Scan Ditch baa Jaiat arrtier
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      524 13 Scan Dutch V Fast and Regular Service To/From N.C. /SCAN /W.MED./fU.K. Singapore Tel. *****. Port Kelang: Tel *****1. Kuala Lumpur T el *****. Penang: Tel ***** SHIPPING SANKYO LINE| AUSTRALIA SEHVICE P. U«i| Sinppcrt Leading tar KYOTENVmU IMPORT 20/2fAm* «TO. MEL, AOCL *AYCARP 27/« AOCL. MEL. SYD PARADISE MOON 15/16
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      454 13 g Seatrain Full Container Service tn USA FEEDER VSI SPOtt MOTHER HK OAK U CUlf E/C i A VESSEL 28/1 Seatram Iwnkw 3/9 21/5 19/9 ?9/9 2/10 mt.zj Full Container Service from USA MOTHER YSI E/C 6ULF OAK U HK f EEOEI VSI SPO«t Seatrain 10/7 14/7 24/7 21/7 14/8
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      426 13 ALFRED C. TOEPFER GMBH REGULAR TIMBER SERVICE TO MEDITERRANEAN PORTS OF. ITALY, SPAIN. FRANCE m.r. SELINOA 2 Sap 29 Am BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP ft U.K. ACCEPTING THROUGH SILLS OF LADING TO MAIN U.K. DESTINATIONS PJaiMt S pan PRate* Aatwarp l* m.r DORIC FLAME NN Ihp
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      444 13 LORD STEAMSHIP CO. S.A. TUMM/STtAITS/TAfIIAM EWTO LINER SOWCI u I STOK P KEUK PENAM TUMR LOMHSIM R/Vk* WMkm 1/2 St* l«S«t LOON FIT M/JIA* 1/3 Sap* 4/tS* 14S«< PHILIPINE ACE LINES INC. S'POH r.HEUM PCMM LOWING FM MY MOIAVE a/K tat vm M »/J» M i KaohwuntKteluni -j STRONGWILL ENTERPRISE
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      78 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore Tel. *****, Port Ketang Tel *****1. Kuala Lumpur Tel. *****. Penang Tel. ***** NOTICES m.v. "BANGLAB PROGOTn" VOY: 21 wrivtri IMi Auffuat, 1978. •t P.B.A. Gitui Nm. 21/24. General Survey of damaged cargo ex the above vessel will
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      744 14 FULLY CONTAINERISED TO EUROPE EXPORTS r i/Q led an tin ■££MjcL 3/9 24/9 26 9 27 9 29 9 »oSiooBj» 119 U 9 4tO 6/10 7/10 HO 10) T«tf*Bay 20 9 22 9 12 10 14 10 IS 10 18 10 EXPRESS CONVENTIONAL TO EUROPE Snare P KaUnt Pw Bilbao
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      502 14 BBS barber blue seo From: US ATLANTIC US GULF t EAST CANADA Sept 25/26 Sept 21/10 Oct 4 Oct 5 Oct 7 Oct II Oct 12 N«« I Knit Not 12 kiN MiU Nov 15 Nev 25 Nov 20 }eH» Sept 29 Set* 23 Oct 5 I Oct Oct To:
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      708 14 U.S.A./ ASIA SERVICE LAND I 1 OIRECT SERVICE TO MID-EAST DRY/ REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN. MUSCAT, DOHA. TEHRAN. ESFAHAN ADVENTURER VOO2 LEADER 005 VSI Arrives/Departs AUG 20/21 SEPT 16/17 i 401H fIOOH. HONG lEONG BIDG 16. RAFFLES QUIT. SINGAPORE 1 Cuitome Service Boot r j *****72
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      510 14 Everett Lines 7 Everett Steamship Corpn. S/A itstji O.S.K. L A c» SOUTH AMERICA SERVICE Cmtthal Mara 25 h>( Pnawra Put ft Stpt EAST AFRICA SERVICE UiifM AlUiftCf 21 «»i Fidti »h| lint Pitnttr 18 Stpt NEST AFRICA SERVICE Octa* Emmwct 21 Aug Mwnfciu Dtf ft SjUju. Uimbtu Off ci
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      618 14 "<vA I KDIM I Nil Orient Overseas CotdoiH&i Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) 8/9 7/9 9/9 10/9 13/9 11/9 13/9 15 9 17/9 IS/9 18/9 20'9 22 9 24 9 26/9 20/9 2/10 «/10 6/10 8/10 8/10 10 10 12 10 14/10 16 10 16 10 18
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      1570 15 CCL Overseas Containers Limited ewnmnsiip soviet t» w/cwtikit: MMU ur KUVM HONGKONG [imss lITANO lUIU KOWVOON mro oat HUIKI CMOISAN MT CITV Of EDINOUICH KUI H'burf IP. Kalant D'ffllfk t n m i»s»»i IT il| UStft t 11 si* 4 Stpt 24 Sept IlSdt 4 Oct nsm 12 act 20
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      1266 15 Ben Ocean \jast service of Ban Line BtueßnneiQen Line and NSUO I OK/COHTIHENT (via tma Siipwi P. Kaia&a Feaang It II Sept I Oct n/i* ott SSiH Lenoes. Oilßa*, Amttardaai. Mull. II let Itnoes. Ontoo. Aantirttm Hall. Lenoes. Bilbao. Amsterdaai. Hull TCAOH 13/14 Sept icceptiag FCL CMta.aers Ml ktlttak t»|D
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      1136 15 BEN LINE I 9*UJvvx»2 M'BUtC O'HAVEN rOWI HAVRE SOT ON T pii P. bIM .W. 6*n«wy'l*lXl,» Imm F react Ml L Scandinavia Antwerp ii km it *m »«t n km I mil ui 11 km it *m ti**»t usaotiu'sept) nw Kum n»* n»*i usipi Hint mm nmi itw hkuu express
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      990 15 Scan Dutch V EXPRESS CONTAINER SERVI WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA fMtti Iron P. Mai Vestal S'OOre li (II(MM It/ I Ml HUM* at I 4/ ruMitu a/ twtama n/ 11/ ill MIMA 1/ MMItAN W/ n/ EIUMM 11/ t Ml. HBUTMAH I}/ I 1/ riUCltti 1/ MTUUMII M/ I 1/1
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      577 15 GUTHRIE BOUSTEAD IgencJES THE BANK LINE LTD. LUIS FIR E. I S ArtlC* SAN lEOROE tMawr.t.MS, Rtun.on. Our tan. CI.. PC.. Capetown) Kuantan V 79 km S pore »**l St» P Keiani 7 Hf m Etn a imti viKi M*". mawmi StISANNE SKOU Ptnan| P. Ktl»n« 10/11 S'por* 14/» LOSSIEOANK
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      882 16 K LINE KAWASAKI KISEN KAISHA. I TO CmtMMf Vtstb TO BtmOPB S'oore P. Kelang L.Havre H'burf Bremen R'dam A'werp fcon« n,«.y ga ,jgi «si wis us; fSSSS 31 *2 IS.fl 21 Sept 22 sot 23 Sept 14 St* It Sept irmuom n As* ust 2 Oct 4 act s Oct
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      1093 16 E. C. -U.S. A. ATLANTIC/GULF SERVICE itctmn Fa/ia cmiikee m sw r. uuuk. mac Lul.lt Mr: NOOYOLR, NEW YMK. tUTHMM, NEW lIUUS, HOUSTON Singapore P M If IM» Peaaog E.C./GREAT LAKES SERVICE IMM( tar: NORFOLK. MW YORK, HtNTltAl. TMMNTH ASNTAOULA, HflW, CM CM* »»mng P Kelanf yl|JMll "VISNVA JYOTI (NRSA
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      846 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: I fNWPE (VIA mn' S port P bl»| Slumpto* H bjrf Bre*. EIENTAL CNIEFt la Part If ta| SSapt S Se#« 11 Sept EVEN SEAS Hllltt 24 Aaf ft A* 11 Sept 15Sap* I»Sa»t lIENTAL RESEARCHER 31 A« 1 Sept II Seat 22
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      645 16 MAI+VSIAN IN TCRNA TKJNAL shipping corporation BCRHAO EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/COHTINEMT/SCANOINAVIA ■EST KM ELEANOII 11/ Ml. lEJIMA nuwrw* n/1 raruu !UtMU 2/ (IRRICAR francesca i MUTtUH lUIMU 11/ I FRAMESCA IVTUNIIA AIM Ufftn F* Allan; L ■lit. Mi 4) I til t'part. EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T|
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      776 16 t INTRASEfI (PTE) LTD. Hon v'.fc' O'Ci.t'd Si l; iaorf- 9 Telephone iSr6 11 ***** kIMTTTTj t I KCIUI IMCPCMENT SEMI/FWI CONTAINER SERVICE TO EMOPE S tcrt p. Udml P»n»«t Lul*( tar MM MR MIS Mh| 11 Aaf H-b«rt K dMt'Botilopx. NORASIA Mil (Sept 3 Sept 1 Sift H b«'|
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