The Business Times, 24 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 THURSDAY, AUGUST 24, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon 'No' to LNG talks
      86 1 Reuter. JAKARTA, Wed. Indonesia has decided not to resume talks with the United States on the sale of liquefied natural gas (LNO) to American consumers, Mining Ministry sources said here today. The talks, helthln Washington early this month, reached a deadlock following the'US rejection of Indonesia's
      Reuter.  -  86 words
    • Article
      Lock icon Watch out
      90 1 Reuter. TOKYO, Wed. The Soviet Union today warned Japan that it cannot be indifferent to a peace and friendship treaty between Peking and Tokyo and it will take "essential measures" to defend its interests, the Foreign Ministry here said, The warning was contained In a verbal note from
      Reuter.  -  90 words
    • Article
      Lock icon More arms sales
      98 1 UPI. WASHINGTON, Wed. The Carter Administration expects to approve US$2 billion (554.6 billion), in new arms sales in the next five weeks, bringing the total to Just under a self-imposed ceiling of $8.5 billion for the fiscal year. However, by other methods of accounting, the» total sale
      UPI.  -  98 words
    • Article
      Lock icon No tit for tat
      74 1 Reuter BANGKOK, Wed. Thailand should not take any negative action in response to a proposal by a US textile workers union to Increase the US import tariff on Thai textiles. Thai Commerce Minister Narm Poonwathu was referring to a suggestion here that if the US raised
      Reuter  -  74 words
    • Article
      Lock icon Fair treatment
      71 1 AP. TOKYO, Wed Canada has received assurances of fair treatment if Japan carries out a proposed US$l2 billion (Ss27 billion) emergency import plan, Canadian Minister of Trade and Industry said today. Mr Horner said Japanese Minister for Overseas Economic Affairs Nobuhiko Ushlba told him that if Japan goes
      AP.  -  71 words
    • Article
      Lock icon Bonn surplus down
      56 1 Reuter WIESBADEN, Wed West Germany's foreign trade surplus fell by 1.66 billion marks (about Ssl.9 billion) in July to 2.30 billion marks, the Federal Statistics Office said today. Exports totalled 21.40 billion marks arid imports amounted to 19.10 billion marks last month while the foreign trade surplus
      Reuter  -  56 words
    • Article
      Lock icon Dow Jones
      79 1 UPI. NEW YORK, Wed. Stocks headed broadly higher early today in response to the Treasury's decision to expand its gold sales to help the dollar abroad. Trading was active. The Dow Jones industrial average, a 3.46-polnt winner yesterday, was ahead 4.42 points to 896.82 around 11 a.m. Advances
      UPI.  -  79 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      132 1 Rises Most active Malayan Tin 1360 Spore Merlin 400 MTC 955 Public Bank 332 Msian Fmills 236 Sungei Besi 660 UOF 304 Shangri-La 450 M Banking 515 UOL 173 C K Tang 200 Apollo 274 Nanyang Press 394 Falls Gold Coin 180 Esso 1QO Metal Box Spore
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    • Article, Illustration
      In Kuala Lumpur
      163 1 Rises Most active Merlin (S) 4.08 OUE 2.45 M. Tobacco 9 65 P Bank 3 30 UOL 1.76 B A Tobacco 2.12 East Astatic 3.54 T'ganu Dev 1.78 Falls Malayan 13.90 Rahman Hy. 6 20 A Hitam 12.00 1.15 .25 .25 .18 +.17 .14 .14 .11 -.30
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  • Article, Illustration
    Gho Yaw is chairman of Sin Chew
    497 1  -  By QUEK PECK LIM SIN CHEW Jit Poh's new chairman is Mr. Wee Cho Yaw, a millionaire banker. His appointment takes immediate effect, and will add impetus to the group's expansion programme, which, according to rumours, includes publishing an English morning paper. Three
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  • Article
    S'pore Finance is unaware
    296 1  -  By ARTHUR NG SINGAPORE Finance yesterday said it is not aware of any negotiations to acquire a substantial interest of its share capital or a takeover offer for its Issued shares by Hong Leong Finance. The company was commenting on queries from the Stock Exchange of
    296 words
  • Article
    Call for second hedging grade for rubber
    582 1  -  By A. KADIR JASIN EXCESSIVE speculation and the Inherent weakness of the Malaysian rubber market unsettle the country's largest rubber exporter the Malaysian Rubber Development Corporation (Mardec). The company fears that this situation, If left unremedied, could harm the long-term prospects of the
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  • Article
    Lock icon Open market
    179 1 AP. WEST German Economic Minister Otto Lambsdorff said in Jakarta yesterday that development assistance by advanced countries to developing countries would not be helpful If markets remain closed. Speaking to members of the Deutsch-Indonesische Industrie und Handelsmaker, Dr. Lambsdorff said this does not apply only to opportunities for
    AP.  -  179 words
  • Article
    Bond raises $2b
    80 1 THE AUSTRALIAN Government raised a record US$B72 million (Ss2 billion) from Its first cash bond Issue in 23 months. The result of the August bond issue, which led to speculation that the government will further cut interest rates by the end of the year, provides a good
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  • Article
    Singapore banks put together $100m for Shell
    334 1 THE SHELL group hat borrowed $100 million to finance portion of iU ambitious multi-million-dollar investment in the Pulau Bukom refinery complex. Funds were provided by a group of banks in Singapore at a Axed interest rate of 8 per cent for a period
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  • Article
    Sime Darby prolongs the guessing game
    442 1 SIME Darby gave little away at yesterday's signing of the $475 million loan facility for its whollyowned subsidiary Malaysian Oriental Holdings. Speaking at the ceremony In Kuala Lumpur, Sime chairman Tun Tan Slew Sin referred to his statement In the last annual report which
    442 words
  • Article
    Lock icon GOLD DROPS US$6
    139 1 UPI. GOLD plunged more than US$6 to below $200 an ounce and the dollar made significant gains across Europe yesterday after Washington's announcement that it would more than double the amount of gold offered at its monthly auctions. The precious metal responded by dropping with a thump
    UPI.  -  139 words
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      1 1 AKAI
      1 words
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      127 1 PEUGEOT 604 vMtk ,T) I A ■y A M)ST iaSTEs(XTSHEI) G\K! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to
      127 words
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      Page 1 Advertisements Column 3
      67 1 Leader Pace 6 SHIPPING TIMES TOSHIBA studies set-up of LOWER Perak expect* a TV-audio plant here 2 steady year U computer UNITED Asbestos surprises EXCEB ■ts' b* vwymm, tnchMtipg iteetf.T/ 11 LETTER from America: Something in common with PATE of HK s textile industry Puerto Rico to 12 CBOBBWORDB 2,
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      79 1 -%'>~.=.$%-%`/[\}?.(>|``('^/*>& If you think its impossible to have a tape that always has the right frequency; a head cleaner; jam-free device a wider felt pad... will change your mind with maxell tapes you can have all these problems solved plus the new epitaxial magnetic particle which can really give you
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  • TRADE AND INDUSTRY
    • Article
      Consulasia courses for managers
      114 2 CONSULASIA, a financial and management consultant firm, is organising six management seminars next month in Singapore and Kuala Lumpur. Three wiil be conducted by Consulasia and the rest by Societe Internationale Pour le Developement de I'Organisatlon. Consulasla's courses are on corporate planning, improving managers effectiveness and
      114 words
    • Article
      NPB course on pneumatic circuits
      137 2 THE NATIONAL Productivity Board is organising a two-week on the theory and practical applications of pneumatic circuits and logic next month. The course, titled "LCA Module 111 advanced Industrial pneumatics" will begin on Sept 5 to Sept. 18 (Mondays to Fridays). The course is aimed
      137 words
    • Article
      Toshiba probes set-up of TV plant here
      420 2  -  By JOHN LIM TOSHIBA, one of Japan's largest electronics companies, is planning to set up a plant here, possibly manufacturing television sets and audio products. A company spokesman said a study which was started in January should be ready by the end of
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    • Article
      LARGEST COMPUTER SHOW IN S'PORE
      336 2 ABOUT 150 delegates from the Asia-Pacific region will attend the biggest international computer show in Singapore in August next year. Computer 79, to be staged at the World Trade Centre, will be the first exhibition displaying exclusive computer mainframes and computer related machines. Sponsored by
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    • Article
      Fifth Sintat branch
      78 2 THE FIFTH branch of Sintat Rent-A-Car will be opened In the Shangri-La Hotel on Sept 1. The establishment of this branch is in line with the company's plans to broaden its domestic base in Singapore and Malaysia. Shangri-La branch will be the second In the Orchard tourist
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    • Article
      Lock icon Another Japanese mission for China
      209 2 AP, Reuter JAPAN'S Association of Promotion of International Trade Mid yesterday it will •end a 14-member trade mission to Peking next Wednesday to discuss ways of promoting trade with China alter the bilateral Paaee and Friendship Treaty is concluded. The treaty, signed in Peking on
      AP,; Reuter  -  209 words
    • Article
      Insurance problems
      71 2 THE Singapore Indian Chamber of Commerce is organising a seminar on marine insurance problems for traders. It will be held on Saturday, at the Hibiscus Room in Shangri-La Hotel from 9 a.m. to 12.30 p.m. The seminar will be confined to 60 people and will be opened by
      71 words
    • Article
      Open door policy by Bangladesh
      245 2 BANGLADESH has adopted an "open door policy" on foreign investments In Joint ventures that will help Industrialise that country. Mr Hedayetul Huq, joint secretary of Bangladesh's Ministry of Commerce, currently heading a trade delegation touring Japan, Hongkong and Singapore, said, "We have launched a two-year
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    • Article
      Lock icon CLICKING AWAY WITHOUT FUSS
      90 2 AP KONISHIROKU Photo Industry Co. of Japan has developed the world's first automatic film-winding camera. Konlshlroku officials In Tokyo said the new camera will automatically wind the film after each exposure with a small built-in motor, making continuous photography possible. There is no hand lever to
      AP  -  90 words
  • OVERSEAS
    • Article
      Lock icon Inflation spiral grips Aussies
      341 2 AFP. AUSTRALIA has locked itself into a vicious spiral of inflation with the depressed economy reducing output and the Fraser government's budget increasing unemployment. This was the charge of the leader of the Opposition, Mr. Bill Hayden, resuming the debate on the 1978/79 budget in the
      AFP.  -  341 words
    • Article
      Lock icon CONSUMERS WEAR GLOOMY LOOKS
      165 2 Reuter. THERE ia widespread consumer disenchantment in the United States with a corresponding erosion of confience in the current economic conditions. A survey of 5,000 households last month by the busin ess-sponsored Conference Board also showed that consumers have turned especially gloomy about the hiture of
      Reuter.  -  165 words
    • WORLD IN BRIEF
      • Article
        HERRING BAN REJECTED
        498 2 THE EUROPEAN Common Market's agriculture corn* missioner refused to approve new British meaaurea to ban temporarily all herring fishing in Britiah portion* of the Irish sea. Commissioner Finn Olav G undelach aaid he found tinacceptable hoth Britain's decision to adopt the measures before thorough discussion by EEC
        498 words
    • Article
      Lock icon Stable Bonn interest rate forecast
      301 2 Reuter. ORESDNER Bank AO expects Interest rates on the West Oerman capital market to stabilise. The bank's domestic bond market study said recent government reassurances on financing requirements are to be welcomed and public sector borrowing should not apply undue pressure to the capital market
      Reuter.  -  301 words
    • Article
      Lock icon Coffee price lesson sticks
      264 2 AP REPRESENTATIVES of the world's principal coffeeproducing countries said on Tuesday they would not take advantage of the freezes last week that destroyed 30 per cent of Brazil's crop to push for price rises. The delegates to a twoday meeting In Bogota, Columbia, said their objective
      AP  -  264 words
    • Article
      Army takes over
      53 2 THE PERUVIAN army took full control of the country's chief mining Installations, paialysed since Aug 4 by a costly strike. Leaders of the Federation of Miners and Metal Workers, a union dominated by extreme-left Marxists, which is leading the strike, met ministers of labour and mines to
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    • Article
      Lock icon American budget deficit tumbles
      949 2 NVT. Reuter, THE US budget deficit as measured by the national income and product accounts fell to a seasonally adjusted annual rate of U5525.2 billion (SssB billion) in the second quarter from $52.0 billion in the first quarter. The US Commerce Department said receipts rose to
      NVT.; Reuter,  -  949 words
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      363 2 COURAGE Rl 9 CONFIDENCE jL| EAOERSHIP mmm mle Carnegie 10 ways tfce Dale Caraegle 6me helps aiea and woaei: Acquire poise and confidence Spetk effectively Sell yourtett jnd your i4tit B« it your best with my (roup Remember names Think and tp«ik on your feet Control fur and worry S«
      363 words
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      71 2 MALAYSIAN FEEDMIIIS LIMITED (Incorporated in tha Republic o< Singapore) HALF YEARUT REPORT ANNOUNCEMENT The Directors arc pleased to announce the unaudited trading results of Malaysian Feedmilh Limited and its subsidiaries for the first six months ended June 1978. January June COMPANY GROUP Profit before tax (After minority Turnover 1,583,898 *31,347.005
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      648 2 IKju. -IN-ONE CROSSWORD U CRYPTIC PUZZLE ACROSB 3 Initial source of much strife (5) 8 Pink substance right amid the black (5) 10 Very pale sherry? (5) U Organise a backward union (3) 12 French long-distance runner! (5) 13 A wave of destruction? (7) 15 Points to miss, yet follow
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      152 3 A libit Ally of YOUR OWN -w«r. I^4 IU (is tAHPIOTK «H niK WOULD GREAT BATTLES ENCYCLOPEDIA OF 5 4 a RevtMdEdUcn OFTHE 20TH CENTIFn J^rvr^i 5J161 til V In I A MyFawvritt ra/ry Ta/e.Boofc in t r>\ t Wildlife i c tStotie» Poena* V il It J it* m
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      464 4 THE Singapore market closed slightly higher with September One RSS buyers quoted at 240.00 cents per kilo, up 1.75 cents. The afternoon session was quietly steady around lunchtime levels before firming further after the close on trade demand and forward enquiry, they added. Opening quotations were
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    • Article
      RAS PRICES
      371 4 R A S. prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R S.S. prompt f o b Int. 1 R.S.S. Sept Int 1 R.S.S. Oct lilt 2R S S UK/Cont lilt 3 R S.S. UK/Cont Inl 4 R.S.S. UKCont Int 5 R.S.S.
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    • Article
      SSR AND SMR
      109 4 NOON SSK and SMK prices yesterday: RAM September (Current Mth) Buyers Sellier* (cent* per kg) October (Forward Mth) Buyer* Seller* (cent* per kK) SSR20 SSRftO <1-ton pallets) (1-ton pallets) 214 50 212 50 216.50N 214 50S 215.50 213.50 217.50N 215 50N M.R.K.L.B. SMR 5CV SMR 5L SMR
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    • Article
      Closing prices
      32 4 Rubber: Aug 23 Singapore: Sept 240.00 cent* (up 1.75 centa) Malay tin: Sept 245.50 cents (up 2.00 cent*) Tin: M 51,804 (up $S) Official offering: 186 tonne* (down 9 tonne*)
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    • Article
      Rice
      186 4 BANGKOK rice in US dollars per tonne F. 0.8. basis quoted yesterday: White Rice: 100 pet Ist class 397. 100 pet 2nd class 382. 100 pet 3rd class 377, S pet 372. 10 pet 347. 15 pet 342. 20 pet 342. 25 pet 327 35 pet unq. Broken: A-L
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      Produce exchange
      482 4 PRICES ruled barely steady on the Singapore produce market yesterday. Further advances in coffee prices were halted by profit-taking. Sentiment was however firm influenced by reports of further business in Brazil and general nervousness over the outcome of the Latin American coffee producers meeting In Bogota Roaster Interest
      482 words
    • Article
      Hongkong Comex
      352 4 THE sugar market closed little changed from the previous close yesterday In continued thin and dull trading. Turnover fell to four lots from six. The Hongkong daily spot sugar price rose 0.10 of a cent to 7.05. Sugar futures closing prices a« Pm Ctag Sep 7 06/09 6.97/99
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    • Article
      Coffee
      163 4 ROBUSTA futures ended an extended opening call about steady yesterday In London and although down from initially traded highs were still £56 to £41 per tonne up from Tuesday night. Turnover was 4,392 lots but of this 3,500 lots were cross trades. Initial gains were trimmed by local dealer
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    • Article
      Lead
      70 4 LEAD closed £4.50 per tonne down for cash and four sterling down for Three Months on Tuesday. The market drifted lower in quiet and rather thin afternoon dealings. In the morning, values Initially held steady with copper but stale bull liquidation and some stoploss orders pushed Three Months down
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      Zinc
      45 4 ZINC was £1.50 down for cash and £1 lower for Three Months. The market on Tuesday remained very quiet throughout the day with prices initially moving lower in the morning under light selling and liquidation before short-covering halted the decline. Afternoon dealings were featureless.
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    • Article
      Straits tin
      202 4 THE Straits tin price in Penang rose MM per plcul to $1,804. Despite London s easier sentiment, dealers attributed the recovery after Tuesday's sharp fall to the small contributions of metal from miners together with strong local demand and some from the US and Turnover dropped to 186
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    • Article
      Cocoa
      183 4 TERMINAL cocoaclosed at around the day's highs with on balance gains of £19.50 to C 2 per tonne on Tuesday. Turnover totalled 1926 lots Including 610 lots crossed and 19 options. The market had fluctuated narrowly all day. Dealers said sentiment In the afternoon was boosted by a higher
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    • Article
      Sugar
      154 4 SUGAR futures extended kerb gains on lower sterling to finish the first call up from Tuesday by £2.45 to €1.90 per tonne. But prices In open trading eased slightly from the highs. Outsider trade buying was featured, dealers said. The London dally whites price was unchanged at ClO3 per
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    • Article
      Wheat
      97 4 CHICAGO wheat futures lost small early gains to close off K to three cents a bushel, at or near the days lows, In light trade on Tuesday. Brokers said locals boosted prices on short covering with about an hour left, but in the final minutes reversed and pressed prices
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    • Article
      Soybean
      193 4 CHICAGO soybean futures finished 2H to 7V« cents a bushel lower In dull trade on Tuesday. The market weakened in late trade on technical selling when the November contract failed to hoTd above $6.40 a bushel, a price at which some traders expected technical buying to occur. Some brokers
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    • Article
      Palm oil
      77 4 C I F North European porta In U8 dollars per ton unlMt otherwise LONDON IMv Prut— Malaysia 5* tta bulk per tonne October Sumatra 5% (fa August September October November December Nigeria 5* ffa bulk stg 586 sir 817 S pd 006/610 pd 9«2Vtpd 571*4/575 pd S«7Hpd not
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      Copper
      204 4 COPPERclosed £4.50 per tonne up for cash and £4 down for Three Months >n Tuesday. The market held steady throughout the afternoon with the undertone aided by heavy borrowing of metal from an influential quarter. In the morning, values initially advanced following news that a state of emergency had
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    • Article
      Silver
      301 4 THE Hongkong market closed HKS3.SO lower at $225.00 per 10 ounces in continued thin trading, with turnover estimated at 10,000 ounces, dealers said yesterday. The local close was equivalent to 5.4429 US cents per ounce. Silver on the LME closed 0.4 pence per troy ounce up for cash and
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      Gold
      539 4 THE bullion market In Singapore experienced very hectic trading yesterday due to the violent drop In gold prices following the US government's announcement to Increase their gold sales. The kilobar opened at 5514,778 and closed at $14,686. Prices plunged to a low of $14,547 before recovering later to close
      539 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        544 4 THE US dollar closed firmer against major currencies on the foreign exchange market yesterday. Opening against the yen at 192.40/70. the US dollar moved up and down until the opening of London which saw the dollar at 192.70/90. Shortly after, the US dollar made its way up to
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        Asian $ rates
        192 4 Asian rates ASIAN currency to pewit interbank rates as at cloae on Aug 23. U8 Dollar* (SpoO 7 days 1 mth 2 mths 3 mths 6 mths mths 12 mths OOw #3/8 715/18 a vie 8 9/18 9 3/18 91/4 DM 91/4 713/18 8 3/18 7/18 8 7/8 91/18 91/8
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        Euro $ rates
        61 4 Euro rates LONDON Eurodollar deposit* opening rate* yesterday Overnight 8-1/16. 7-15/16 ThurvTrl 23-15/16, 23-13/16 Long weekend 4-3/8. 4-1/4 Call two days unq Seven days fix and notice 6-3/1. 91/4 One mth 7-7/S. 7-3/4 Two mths 6-5/16. 6-3/16 Three mths 8-8/16, 6-7/16 Pour mths 6-3/4. 6-5/8 Five mths 6-15/16. 6-13/16 Six
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        Discount
        45 4 RANOE or prices offered by discount houses on Au( 23 Overnight 2 3** Call deposits 3H% Ckmaf Buyiac 8«Uia« 3-month Treasury bills 39/16 3 7/18 3-month Bank bUls 3/10 1/16 3-month CD 6 S/8 1/2 6-month CD 65/B 61/2 Source: National Discount Co Ltd.
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        MLR
        20 4 THE average rate which Singapore K«nk« are currently prepared to lend to their beet customer! is 7 per cent.
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        Zurich
        55 4 ZURICH exchanges closing quotes on Aug 22 U8 1 4500 0410 Sterling 3 194C-2041 Can 1 4542-4574 Dmk 82 8793-83 0915 Dfl 78.7948-9494 Fir 37 7075-8274 Bfr 5-3039-3186 Dkr 30 0145-0824 Nkr 31 5569-4200 Skr 37-3887-4848 Ut 0 1974-1981 Aus JCh II.4939-5227 Port 3 8240-4445 Spain 2 2343-2413 Arg
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        London
        278 4 THE dollar yesterday scored notable gains at the opening here on news the US Treasury will continue and expand Its gold sale programme, dealers said. Reports Saudi Arabia's crown Prince Fahd opposes an oil price increase and replacement of thedollar as the currency in which oil prices are expressed
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        New York
        261 4 THE dollar on Tuesday closed firmer against major currencies after a day of relatively orderly, quiet trading, dealers said. They said much of the gain could be attributed to technical factors as operators sought to cover short positions or square positions for the day. They noted the market
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        Tokyo
        157 4 THE US dollar for overr night delivery closed slightly higher at 192.10 yen, compared with a 191.00 opening after rising briefly to 193.00 yen, dealers said. The dollar feir in active late trading on export covering by Japanese traders and dollar selling by Japanese banks to take profit and
        157 words
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        Hongkong
        179 4 THE US dollar yesterday firmed against major currencies In nervous, fairly quiet late trading mainly on news of the US Treasury's expanded gold sale programme. The dollar rose to 192.40/ 70 yen from New York's closing 190.75/ 191.00 and Its 191.70 opening here, with dollar sentiment also aided by
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        Frankfurt
        51 4 FRANKFURT exchanges closing quote* on Aug 22" US 1 9990/2 0010 Can 1.7460/80 Stg 3 843/853 D F1 92 50/80 8 Fr 120 35/85 Lit 2 37/38 F Fr 45 53/83 Yen I 0450/75 B Fr (con) 8 374/384 R Fr (fin 1 8 200/210 N Kr 37 85
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        Australia/NZ
        59 4 AUSTRALIA/ NZ exchanges quotes yesterday: US dollar 1.1300/ 1.1452 Sterling 0 3078/ 0 5904 Ninety-day air mall buying rate*: Sterling O.SIM US dollar I 1831 Ninety-day forward buying rates Sterling 0 5064 US dollar 1.1443 NEW ZEALAND Sterling 0 5458 0 5429 US dollar *****/ 1 0485 Ninety-day airmail
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      168 4 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to more
      168 words
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  • TRANSPORT
    • Article
      Lock icon Yards are scrapping bottom of barrel
      621 5 AFP. WORLD shipbuilding orders I slumped to their lowest level for more than 12 years dur- 1 Ing the second quarter of 1 this year. Returns from Lloyds Register of Shipbuilding yesterday showed that the volume of tonnage In the world order book decreased
      AFP.  -  621 words
    • Article
      Lock icon LONDON FREIGHT
      137 5 UPI. DESPITE fears of dull chartering conditions depletingrecently Improved freight payments, the US Gulf/ Japan grain route demonstrated sustained strength when Tradax conceded the 25 cents better level of U5512.25 (FIO) per a 42.000ton September 2-12 consignment. US North Pacific-South Korea wheat fixing also displayed slight Improvement when
      UPI.  -  137 words
    • Article, Illustration
      MAKING A SPLASH ...
      155 5 MAKING A SPLASH NEDLLOYD Lines recently launched the 21,500-dwt Nedlloyd Baltimore, which is scheduled for delivery next month. This is the second of four similar cargo ships ordered by Nedlloyd Lines under its modernisation programme. Built at the Van der Giessen-de Noord Shipyard at Krimpen, near Rotterdam, the multi-purpose Nedlloyd
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      Furore over yard discounts
      678 5  -  CUSTOMERS UNHAPPY By TERESA LIM RECENT reports on excessive discounting of shiprepair prices in Singapore have created a furore with foreign shipowners wanting to know why they have not been given the 50 per cent discounts as reported. Shipyards here have been hard put to explain
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      DAILY AIRCRAFT MOVEMENTS
      630 5 ARRIVALS Service Local Operator Number Time From SIA SQ103 1045 KUL SIA SQ209 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1125 MNL GIA GA982 1200 HLP SIA SQ240 1210 MES THAI TG413 1245 BKK SIA SQ201 1245 HLP MAS MH684 1250 KCH
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    • Article
      United Airlines seeks approval for China runs
      364 5 UNITED Airlines asked the US Civil Aeronautics Board on Tuesday to approve routes linking eight American cities with three cities in China. The carrier is seeking permission to schedule regular flights to Shanghai, Canton and Peking, the only Chinese cities with airports that
      364 words
    • Article
      PSA courses
      121 5 THE PSA Is organising two courses for people In the shipping industry. The first course is on safety in cargo handling and will be held from Sept 5 15 at PSA's Central Training School, Telok Blangah Road. Designed for first line supervisors and safety officers Involved in cargo
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    • Article
      JAL is opposed to new US air policy
      239 5 THE PRESIDENT of Japan Air Lines, Shizuo Asada, said the company Is fundamentally opposed to the new US aviation policy announced by President Carter on Monday. In a statement on Tuesday, he said: "We hope that the Japanese government will take a
      239 words
    • Article, Illustration
      SHIPS IN PORT
      370 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bosna (0530 hauls) 33/34 Chang Shu (0600 after Bosna hauls) 38/39 Hoso Maru (0600 29/30 Lumut (1300 20 East Manoloeverett (1030) 25/26 Palm Sea Horse (1800) 13/14 Talabot (1300 after Tirrana) 47 Team Hllwl (1200 after Maaskerk) 15/16 PASIR PANJANG WHARVES Dong
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    • Article
      Lock icon Mitsubishi Corp is Lockheed's sales agent
      260 5 AP. MITSUBISHI Corp. announced on Tuesday in Tokyo It will act as an agent for Lockheed Aircraft Corp., whose previous sales agent In Japan quit in the wake of the Lockheed payoffs scandal. A spokesman for Japan's largest trading firm said negotiations for Mitsubishi
      AP.  -  260 words
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      218 5 m# E i/j^sr ANDRE NEWMAN in Penguins gains the tense momentum of a thriller as convultad rrietionships lead to tragedy Another Bouquet Another Bouquet is Andrea Nawman's sequel to A Bouquet of Barbed Wire. Prue dead, but Gavin and Manson cannot let her go. Her presence fingers in the touched
      218 words
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  • Article
    Market thrives on speculation
    588 6 ENCIK Sulaiman Manan's comments on the Malaysian rubber market belles a common error In Judgement over speculation. Most administrators have an Inordinate fear of speculators, of the devilish bouts of selling and buying they Indulge In. But It Is also true that speculation Is Integral to
    588 words
  • Article, Illustration
    A CARIBBEAN JEWEL
    1355 6  -  Puerto Rico's economic future depends on its continued ability to attract investors Like Singapore, Puerto Rico has a strong tourism industry, with 7,352 hotel rooms on the 160-km long island, and 1.2 million visitors a year spending US$4OO million. And per capita income is about US$2,OOO, comparable
    1,355 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      299 6 I V HenkellTrocken The award-winning sparkling wine from Germany. Another quality product from <rs shsjga^QPJE 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 The Trend. Constellations. Sonny Bala The New Moonglows. and Miss Erin
      299 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHERS OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair Report for 24 hours prior to 7.30 pm on Aug 23 at the airport: Maximum Temperature 31.1° C Associated Humidity 70 Minimum Temperature 26.4° C Associated Humidity 02 Hours of Sunshine 5.40 Rainfall in Millimetres 10.8 Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      278 6 wiiwmmm SINGAPORE 5 3.00 PM Opening announcements followed by The Assault on Mt. Jannu 0 3.40 Diary of Events (Chinese) 3.45 Eight Heroes Of Shou Lin with English subtitles (Repeat) 0 4.30 Intermission 6.00 Opening announcements followed by It's About Time 0 6.30 News in Brief 0 6.35 Sports Magazine
      278 words
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  • Article, Illustration
    Soul searching for Lumut villagers
    1558 7  -  HO KIN CHAI LUMUT, off Peninsular Malaysia's island of Pangkor, and its surrounding towns appear to be experiencing a sudden economic boom as the tonstructlon of the naval -base, expected to be completed by 1983, moves full steam ahead. The price of land has spiralled
    1,558 words
  • Article, Illustration
    STRAWS IN THE WIND
    485 7 centre has jn:|jripfi fund-raising Into JE traditional activities of seventh month •"Festival of the Ghosts". At dinner organised by a -group of stall-holders to celebrate the occasion when donated items are auctioned Jg£raise funds for such Stsis in the years to come, the citizen's consultative •committee
    485 words
  • Article
    City jobs come to farms
    765 7  -  [FORUM, n ...on agriculture By JONATHAN KANDELL Jonathan Kandell is columnist for the New Yotk Times JEAN-PIERRE Philippe's sister and two brothers moved to the city from the Normandy countryrlde years ago, conceding the hopelessness of eking out a living from a small hereditary plot.
    765 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      344 7 1 11 IHBto&HSS* ■X -V, •V- i'-~ k New Japanese Restaurant KIKU^I serving authentic Japanese food 7 A %4 I j/ You 11 feast like royalty at the Rang Mahal. Palace of Colours. On our daily menu are the same gourmet favourites once loved by Mogul Kings of old. Tandoori
      344 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      41 7 Bristew :tatDictes fewtiSM Hl-SPeED CBil %%*<£££s** l i* GS I Tms mcfcN*4G> J \NcfiEp*ses BPC< DP>T£t> ToTue F\C<ST OP THC "feu. I've? Been Too 6os\f UUfYPS N£u)? > THPvT'S G00D... ffei?nfM>S *t mcpMS ixu Ger &GT-VGR SefiVKX IN FU"VUR€- > -<•< V.i :I>th Vi
      41 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Amsterdam firmer
      504 8 EUROPEAN MARKETS SHARE prices In Amsterdam closed mostly firmer. Ignoring the lower Wall Street overnight and the lower dollar. Hoogovens and Unilever firmed 1.20 and 1.30 guilders respectively, In Dutch internationals. while Royal Dutch closed unchanged. Van Gelder* was very firm, over three guilders higher, ahead of its
      504 words
    • Article
      Amsterdam
      230 8 AUG 22 Fls flrBN 370 00 -0.5 Ahold 114 80 -0 2 Akzo 32 10 +0.5 AMEV 87 50 unch A in fas 115.00 1 Amrol Bank 80 40 -0 5 Bergoss 64 00 1.5 Berk 96 30 18 Bo I s 73.70 +0.9 ■Borsumij Burhmann 162 00 74
      230 words
    • Article
      Frankfurt
      230 8 AUG 22 Dm Aef-Telefunken 76 80 -0.3 Akzo 30 A Hz Leben 680B unch AUz Vers 488 -3 BASF 135 10 -0.5 Bay H T Wbank 288 unch Bay Vbank 331 unch Bayer 138 20 -0.3 BBC 310 2.5 BMW 225 50 -2.5 Cassella 394 50 +7.5 I'hem Verw
      230 words
    • Article
      Paris
      280 8 AUG 22 Frs CORBEILLE Air-Liquide 330 +3 B S N Gervais Danone 519 C S F (ThomsonCsf) 304 +9 Cie Francaise des Petroles 138 1.2 Compagnie Financiere Compagnie Generale 381 90 +9.4 Credit Foncler De France 389 50 -0.5 Hachette (Librairie) 231 80 +0.8 Machines Bull 47.10 1.9 Michelin(B)
      280 words
    • Article
      Selected indices
      52 8 FINANCIAL TIMES INDUSTRIALS Tuesday 523.2 Monday 101*« to 102H H.K. HANG SENG Monday 519.2 Week Ago 511.2 DOW JONES AVERAGE INDUSTRIALS Tuesday 892.41 SYDNEY INDUSTRIALS Wednesday 448.85 Monday 888 95 Week Ago 887.13 LONDON DOLLAR PREMIUM Tuesday 99'»to 100 ALL ORDINARIES Wednesday 532.62 Tuesday 532.71 Woolr A or,
      52 words
    • Article
      Milan
      104 8 AUG 22 Lire 4VAnte 116 50 -6 Assoc Gen ***** -310 Bastogi 640 30 Central? 4279 uneh Flat 2031 -8 Finslder 182 11 25 Gen Immob 76 50 -0 5 IFI Pri 2444 11 Italcementi ***** -30 Italgas 819 -21 Italslder 346 Magnet! M Pf 498 -5 Marelll Ere
      104 words
    • Article
      Zurich
      185 8 AUG 22 Francs Actions Sulsses 264 unch Alusuisse Br 1170 -10 Alusuisse Reg. S10 unch Brown Boveri Br. 1600 -15 Clba Gelgy Br CibaGeigy PC 1005 -35 760 unch Ciba Geigy Reg Credit Suisse Br 560 2235 3 -5 Credit Suisse Reg 415 unch Elektrowatt Br. 1870 unch George
      185 words
    • Article
      Brussels
      90 8 AUG 22 Frs FORWARD MARKET Acec Arbed Astur Brascan Bra-Lamb Canpac Cock De Beers Ebes Electrobel Gb-Inno-Bm Gev Hobok Petro Ryl Dutch SIdro Soc Gen Belg Soflna SolvayA Tanks UMln V Mont 380 2435 882 486 1550 MO 450 230 2270 8770 2310 1330 2450 3815 2005 738 2030
      90 words
    • Article
      Toronto
      335 8 SHARE PRICES closed mixed In active trading on Tuesday. The composite Index reversed an earlier do wat rend to finish fractionally higher with advances In nine of Its component groups. However, losses led gains 250 to 198 Budd Automotive, which said It will not supply frames to Ford Motor
      335 words
    • Article
      Lock icon Industrial activities lift Amal. Metal
      154 8 Reuter LONDON: Amalgamated Metal Corp said Its tin smelting and industrial activities achieved excellent results in the first half of this year and continued satisfactory performance is expected The company reported a rise in pre-tax profit to £5.78 million from £4.19 million in the first
      Reuter  -  154 words
    • Article
      Advances lead declines
      1133 8 NEW YORK STOCK PRICES closed higher In moderate trading on Tuesday. Analysts were divided on the significance of the rise and the market's short term outlook. An analvst believe* the market within the next few days will begin a fairly protracted and extensive mark-up phase, with the
      1,133 words
    • Article
      Gold market ends steady
      405 8 Johannesburg THE GOLD market was steady at the higher levels on Tuesday, reflecting the higher bullion price and renewed US Interest Oalns ranged to 50 cents. The Industrial sector largely discounted the 0.5 per cent bank rate cut. and there was some disappointment from Investors expecting
      405 words
    • Article
      Lock icon Pharmaceuticals up
      588 8 TOKYO Source: DBS-Daiwa THE market was relatively strong yesterday, with selective buying pushing some domestic Industry-related Issues up. In spite of the second US dollar defence plan, most exportrelated issues were generally weak on small-lot sales. On the other hand, pharmaceutical Issues showed strong price movements. Including Yamanouchl
      Source: DBS-Daiwa  -  588 words
    • Article
      Hongkong
      419 8 THE market fluctuated nervously in moderately active trading yesterday, Ending firmer but below the day's highs, dealers said. The market opened firm following the Hongkong Bank's higher Interim dividend and profit announced on Tuesday, but fell back towards the morning close. News of merger talks between City and Urban
      419 words
    • Article
      Sydney
      324 8 A recovery by BHP highlighted an Improved performance by leading Industrial stocks yesterday. while trading was subdued among miners, dealers said BHP rose 10 cents to A 58.12 following strong London demand for the stock and on the announcement of a $190 million allocation by the company to In-
      324 words
    • Article
      Bangkok
      205 8 Aug 8 Baht Bangkok Bank 378 Bank of Ayudhaya Ltd 272 Thai Danu unq Thai Farmers Bank 372 Thai Commercial Bank unq Bangkok Metropolitan Bank unq Industrial Finance Corp 2.415 General Finance unq Bangkok Investment 314 First Trust 288 Raja Finance unq Lee Kwang Ming Trust 281 Thai Insurance
      205 words
    • Article
      Manila
      109 8 AUG 23 Pesos Acoje Mining .011 unch Atlas Con A Atlas Con B 22 70 -0 1 Bagulo Gold 0115 unch Benguet Con. B 37 75 -0 75 BK Goodrich CDCP 26 50 -0 25 Inco B Landoll 0125 unch Lcpanto B 25 0 005 Mannduque B 6 80
      109 words
    • Article
      CHICAGO BOARD OPTIONS
      1846 8 August 22 TRADING on the Chicago Board Options Exchange rose to 113,423 contracts on Tuesday from Monday's 108,096 contracts. OPTIONS OCT JAN APL STOCK Alcoa 10 71/2 8 3/4 UNTRD 46 3/4 Alcoa 31/2 5 UNTRD 46 3/4 Alcoa SO 13/8 2 3/8 UNTRD 46 3/4 Am
      1,846 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      141 8 tj Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant
      141 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Lucas presses bid for Ducellier
      770 9 EUROPEAN FT. PARIS: The question of British government approval for the PeugeotChrysler deal gives Lucas Industries, the UK components manufacturer, the ideal opportunity to press a similar case with the French. Lucas has been waiting since January for the French authorities to decide whether to
      FT.  -  770 words
    • Article
      Lock icon BP expansion scheme
      254 9 Reuter. HAMBURG: Deutsche BP AG plans to draw on the 200 million marks of unissued capital authorised by parent company British Petroleum Co Ltd in December 1976 to help finance its takeover of Veba AG interests. The chairman of Deutsche BP. Mr. Hellmuth Buddenberg. said none of
      Reuter.  -  254 words
    • Article
      Lock icon Second tier Dutch banks ahead
      210 9 FT AMSTERDAM: The second tier of Dutch banks traded very profitably in the first half of 1978. Increases in net profit of nearly onethird are reported by Netherlandse Credietbank, the medium-sized commercial bank, and by West-land-Utrecht, Holland's largest Independent mortgage bank. Profit rose more rapidly
      FT  -  210 words
    • Article
      Lock icon JENNINGS HIT BY LOWER DEMAND
      231 9 Reuter. MELBOURNE: Jennings Industries Ltd reported an unaudited consolidated operating profit of A 15.11 million (55.29 million) for the year ended June 30 on turnover of $240.7? million ($246.64 million) Profit is after tax at $2.16 million ($3.82 million), depreciation $1.98 million ($1.85 million) and
      Reuter.  -  231 words
    • Article
      MEMO PAD
      390 9 COURSES AND TALKS 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, SIM, SIM. Aug. 17 31: Manpower planning and employee recruitment,
      390 words
    • Article
      Lock icon Prudential, Sony consider venture
      257 9 > ASIAN AP SONY, the Japanese electronics manufacturing firm, and the Prudential Insurance Co. are contemplating ajolnt life Insurance venture In Japan. An official of the Insurance firm said, "we have known the Sony people and have dealt with them on a number of matters for
      AP  -  257 words
    • Article
      Lock icon Loans a boost to CBC
      279 9 Reuter. SYDNEY: The Commercial Banking Co of Sydney Ltd (CBC) said higher income from lending and cost savings from more streamlined administrative procedures contributed materially to the earlier reported higher profit for its banking group In the year ended June 30. Improved cost control and
      Reuter.  -  279 words
    • Article
      Promising liquor and hotel units may lift Kennies
      220 9 f < S.AFRICA RENNIES Consolidated Holdings Ltd said Its pretax profit, came to 4 0 million rand (3.9 minion) in the six months ended June 30. Turnover of 76.8 million (71.0 million) and earnings per share 8.2 cents (six). Interim dividend four
      220 words
    • Article
      Lock icon Botswana setback
      101 9 Reuter BOTSWANA RSI Ltd announced a net loss of 13 2 million pula (15.5 million loss) in the six months ended June 30 on sales of 28.0 million pula (34 4 million). Net loss on current operations 13.5 million (15.5 million loss). Minorities 244.000 credit (nil). Capital expenditure
      Reuter  -  101 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      48 9 Where,when Everything you need to know about Qantas 7478 schedules from Singapore to Australia. 14 flights weekly yso From AustoH convenient connections to New Zealand 4 f y See your Travel Agent or Qantas at 333 Orchard Road. Singapore 9, Tel 37 3744. THE AUSTRALIAN AJRUNE Of Q136/MOA
      48 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1589 10 BID and offer price* officially luted and business in and reported to tbe Stock Bachance of Singapore yesterday with the number of sharee traded shown In brackets in lots of 1.000 unIU unices otherwise specified All Time Settlement Contracts are quoted after the word "sett." Be Board deal
      1,589 words
    • Article
      Government bonds
      96 10 4 1/2% l/ft/86 (250,000) (99.558 99.658) 4 1/4% 18/9/86 (250.000) (100.008 100.068) 5 i/4% T P 14/1/81-84 (250.000) (102.408) 7% 1/8/86 250.000) (100.708 100.858) 7 1/4% 18/4/86 (250.000) (100.75B) 1 1/4% 18/16/86 250.000) (100 758) 7 1/4% 1/8/87 (250.000) (100.70B) 8 1/2% T P IWB7 (250.000) (100.408 100.508)
      96 words
    • Article
      Stock options
      40 10 /tapjattal auop nauisnq pin saapd jajjo pin pjq spopad ain ajodafuis jo aiuvqoxa nooje am uo pawn *ll«PUJ0 suondo Jiaois ayj jo saoud OKDIIHAS with the number of optlonptraded shown In bracket* Si me Darby (Sept $2.75) (0.83B).
      40 words
  • Article
    SHARE INFORMATION SERVICE
    2424 10 HSf] "> 1978 Ii Low Company Last Sale +«rGr'a Dhr Dfrr Crr Qr'» TTd Nat P/E Val Day (>899) Higfc Low 8ECTION ONE INDUSTRIALS 5S 1172 -219 -eso 83 -276 ■422 51 132 123* 112 133 195* 90* 162 173.6 140* 256 Ac ma Alcorn Allied Choc
    2,424 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaafsr*' prior far Aug 24) (Outsat Haas) The Commerce 235 2.90 INCOME BOND 1.07 1.13 The Saving Fund 1.40 157 8'pore Prof Fund 8 1.13 1J0 MARA BUMIPUTRA FUND (Msaa—M prion far Aag 34) I N 2 Had First Bumlputra 3.45 3.53
    147 words
  • Article
    In Kuala Lumpur
    1766 10 BID and offer prices offlclallj listed and business in and reported to the Kuala Lumpui Stock Exchange yesterday with the number of shares traded shown In brackets In lots of I,oo< units unless ot»—rwlse specified INDUSTRIALS A MM <2. MB). AJlnamata (2.888 2 MB). Alc»m (2.428). Alai
    1,766 words
  • Article, Illustration
    Marked rise in prices
    937 10 RETURNING bulla were beat oa buying stock* and brought share prices convincingly up on the Stock Exchange of Slagapore yesterday. The firmer market sentiment was reflected In the Straits Times Industrial index which moved 4.52 points to 397.23 compared with Tueeday's marginal gain of 1.76 points.
    937 words
  • Article
    KLSE sees a steady close
    692 10 t2 RENEWED buying interest i) across a fairly broad front is P r °duced a steady close on the Kuala Lumpur stock market yesterday. Trading was fairly active, reflecting possibly a return of confidence among market operators who shied away during the last two days.
    692 words
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  • COMPANY NEWS
    • Article
      Malaysian Mining offers interest to Australians
      274 11  -  By A. KADIR JASIN THE Malaysian Mining Corporation (MMC) plans to offer to Australian Investors a majority Interest In the eqmlty of Its newlyestablished diamond exploration company In Australia, its chief executive, Encik Abdul Rahim Aki, announced in Melbourne yesterday. The new company, Ashland
      274 words
    • EXCHANGE ANNOUNCEMENTS
      • Article
        Query on Central Building
        320 11 THE Stock Exchange of Singapore has asked Messrs. Morgan Orenfell (Asia), underwriters for City Developments (CDL), to reveal whether the directors or substantial shareholders of CDL or Ban Joo Leong. have any direct or indirect interests In the purchase of "Central Building" recently. United Industrial Cor-
        320 words
    • Article
      COMPANY MEETINGS
      165 11 AMCOL Electrical Industries Ltd: AGM to be held at 7, Kampong Kayu Road. Singapore at 12 noon on Aug 24. Berjaya Kawat Berhad: AGM to be held at Jalan Utas. Shah Alam Industrial Estate. Shah Alam, Selangor, at 9.30 a.m. on Aug 26. Sentosa Plywood Berhad: EOGM to
      165 words
    • Article
      DIVIDENDS ANNOUNCED
      268 11 Current Ex Book* Date Total for Total for payment Date cloae payable the year previous y» Pegi Malaysia 30% J an 28 A UK 10 Aug 26 30% 20% M Cement 10%I Jul 31 AUK 11 Aug 30 22 V, (■land and Pen 0%(n) AUK 16 AUK 26
      268 words
    • Article
      SCRIP ISSUES
      104 11 Company Particulars Ex Date Books Close Sentoii Great Extern Life M'tia Feedmilla Synthetic Resinj Faber Merlin Bonus Issue of 1 for 4 Bonus Issue of 1 for 2 Rights Issue of 1 for 4 4>S1.00 per share Rights Issue of 2 for 5 091.00 per share Rights Issue
      104 words
    • Article, Illustration
      United Asbestos scores record
      570 11  -  »r MANO SABNANI UNITED Asbestos Cement's announcement of a 33.9 per cent jump in pre-tax profits to a record $13.96 million surpasses Ks own expectations. The company forecast a profit of only $11.4 million in March when it made a special 1.8 million share issue to
      570 words
    • LATEST RESULTS
      • Article
        METRO Holdings:
        68 11 Group pre-tax profit $7.27 million ($4.85 million) for the year ended March 31, 4978. Sales $97.25 million ($75 million). Net attributable earnings $3.6 million ($2.13 million) after tax $2.85 million ($1.93 million), minority share of losses $17,522 (profit $3,758) and extraordinary expenses $840,301 ($784,595). First and final gross
        68 words
    • Article
      Sin Chew dividend
      49 11 IN yesterday's story on the Chinese newspaper stocks, it pai erroneously written that both the Chinese newspaper companies have yet to declare a dividend. Sin Chew had already declared a first and final dividend of 6 per cent for the financial year ended Dec 31, 1977.
      49 words
    • Article
      President signs agreement for $30 million loan
      231 11 PRESIDENT Hotel Sdn Bhd, which owns the Regent of Kuala Lumpur, has signed a loan agreement for $30 million to refinance the company's existing borrowings, to provide additional facilities for the hotel and to improve its existing amenities. The loan is provided in
      231 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      208 11 This announcement appears as a matter of record only. August 1978. M 5230,000,000 and *****,000,000 MEDIUM TERM LOANS MEDIUM TERM LOANS MALAYSIAN ORIENTAL HOLDINGS BERHAD (A wholly owned subsidiary of Sime Darby Holdings Limited) Guaranteed by Sime Darby, SIME DARBY HOLDINGS LIMITED Managed by Co-Managed by BANK BUMIPUTRA MALAYSIA BERHAD
      208 words
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  • Article
    Lock icon Forex dealers unimpressed by gold sales
    535 12 Reuter, UPI THE US Treasury's announcement of increasing gold sales is only another stop-gap measure that will have little longteri|i benefit for the dollar. This was the immediate reaction by New York foreign exchange dealers to the news that the Treasury will sell 750,000
    Reuter,; UPI  -  535 words
  • Article
    Malaysia launches $224m scheme to boost rice output
    279 12 THE MALAYSIAN government has embarked on a M 5224 million irrigation scheme to boost padi production of small farmers, who are among the very poor in the country. The project, to be implemented over a fiveyear period, covers 54,000 hectares outside the
    279 words
  • Article
    Lock icon HK textile industry is dying a slow death
    331 12 AFP HONGKONG'S textile industry facet a gloomy future, says the latest issue of "The Bulletin", the magazine published by the Hongkong General Chamber of Commerce. It starts by saying that past difficulties had been overcome with diligence and ingenuity so that despite
    AFP  -  331 words
  • Article, Illustration
    Lock icon Prince Fahd opposes oil price increase
    567 12 Reuter, UPI. SAUDI Arabia's Crown Prince Fahd has been quoted as saying that his country continues to oppose an oil price increase and also refuses to replace the dollar as the currency in which oil prices are expressed. In an interview with the Kuwaiti
    Reuter,; UPI.  -  567 words
  • Article
    Japan's steel losing out
    506 12 JAPANESE steel products have been losing export competitiveness following the sharp yen appreciation against the US dollar, the Japan Iron and Steel Exporters Association said. The association estimated Japan's steel exports in July at about 2.60 million tonnes, down by about 20 per cent from 3.29
    506 words
  • Article
    LONDON STOCKS
    783 12 LONDON. Wed. Gold shares today closed sharply lower In light trading following the fall in the bullion price after yesterday's announcement by the US Treasury that It will expand Its sales of gold, dealers said. Leading equities edged lower as the recently active buying interest faded, thoush BP
    783 words
  • Article
    Lock icon PEKING ORDER
    69 12 Reuter. FOUR Japanese companies have received a seven billion yen (5582.6 million) order from China to build a plant to make a petrochemical product for the manufacture of artificial leather. JOI Corp said yesterday. Together with Nippon Polyurethane Industry Ltd, Western Japan Trading Co Ltd and C. Itoh,
    Reuter.  -  69 words
  • Article
    MAS presses on for a clearing centre
    791 12  -  OUTSIDER CAN RUN IT By SIVA ARASU THE MONETARY Authority of Singapore is continuing Its quest for an Asian dollar certificate of deposit (CD) clearing centre although a feasibility report has found it economically not viable. Undaunted, the authority Is now examining other
    791 words
  • Article
    SO KEEN ON LENDING
    603 12 JAPANESE commercial banks' interest in the possibility of lending to China has sharpened since the recent signing of the SlnoJapanese peace and friendship treaty. Banking sources said that prior to the conclusion of the treaty some of the City banks had held a series of Informal
    603 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      167 12 A modern textile industry makes our country more progressive. Hoechst helps to build it. K *4 4k t« I v; •V V'/S i* "S- If *ar 4 ft fr •I f 3J 1 v j nK if I 5 <» j <»* it r> V t A 1 3 v
      167 words
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  • Article
    SHIPPING TIMES
    4099 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following Hat Übulitci, by port of destination the nam* of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. t Consortium* Scan Dutch bu a Joint
    4,099 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      367 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agwlt: Barber Lines Singapore Pte Ltd T >2651 Harrison* A Crostieid Kuala Lumpur Tel: *****/59 Pernas-MISC Penang Tel: ***** SHIPPING [a SANKYO LINE| AUSTRALIA SERVICE P Kelang Sinfaport LMdin| for: MAYCARP 27/21 Aug 29/30 Aug adei., hel SYD PARADISE MOON 15/16 Sept
      367 words
    • Advertisement
      Page 13 Advertisements Column 2
      344 13 TRANSC-LINE E»press full container service to/'rom European inland destinations with 21 days transit Miincnitr CASTLi ISK CKMI VAItCE V.4/W THMAVAREEV FROM EUROPE THANA VAREE V 7 27A«» Merry Vikittf 7 V S#t ML VESSELS ACCEPTINS FOU/FROM ntimp B»*l Bol«|ni Coo«"h»fefi OuWtn DusseMrl/Fiinalurt Gn>o»i Mjmdurj londw/Marsalas/MM/Mumcl>Ni<>l« NarnOert/OsJa/Pam/Ratterdaav' Stockholm Stuttgart V««« Vwnnj
      344 words
    • Advertisement
      Page 13 Advertisements Column 3
      257 13 ANHSING LINE >p6flr. HSU LAI SEMI -CONTAINEI LINE! SEWICE Stan f.WM| liiintr UNION iOSTON 25/27 <M WM/Ml UNION AUSTRALIA N/lSwt 24/Z7 A* MM UNION JEDOAH VI *P» MM ANHSING .IVHUpt MM LORD STEAMSHIP CO. S.A TAIWAN/STAAITS/TAIWAN EIHtSS UNEI SEWKf i KM f KELANC PEMNC TAIWAN LOON MSINC M/IS* 2/3 S«pt
      257 words
    • Advertisement
      Page 13 Advertisements Column 4
      158 13 NOTICES m.v. "VIBHVA AJAN VOY: 10 arrived 20th August, 1978. •t P.S.A. Godown N0.44. General Survey of damaged cargo ex the above vessel will be held on Monday 28th August, 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agent*: R. JUMABHOY
      158 words
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      Page 13 Advertisements Column 5
      0 13 =)[),/.`?)]/<_@.>>{-~(*^[\+|<{}
      0 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      714 14 I SHIPPING FULLY CONTAINERISED TO EUROPE HmftwH Eiproj Kitana Mm Tatvaßai EXPRESS CONVENTIONAL TO EUROPE Spara P KtteH Paa B*aa Gaaaa H'tarj BKaiapßdan. Aahmp W«mtM //9 9/9 1/10 27/9 7/10 11/10 4/10 6/10 BackaMtaM 29/9 30/9 17/10 29/1 C 27/10 25/10 26/10 FrwMnten 14/10 31/10 13/11 11/11 7/11 9/11 Nastfaka
      714 words
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      Page 14 Advertisements Column 2
      382 14 S«ptS/f S*t2s/2« Od 4/5 W7/ Sept 14 Wi Od 14 Sept IS Od 7 Od IS Soptll 17 Od 12 Od If iHMfdt* San Francnto SINGAPORE lt-20/9 1-11/10 IMVIO 4-5/11 I*2o Jakarta 22-24/9 23-25/10 22-24 Pert Mai* 11-13/10 M/H NUT DISCHARGER: "SUM" G.5M.6/7, "SUMUIM" 6 9/9 41S0 ACCEPTING from Houston.
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      548 14 LAND U.S.A./ ASIA SERVICE SLS F^£SS.c^!!2?'^S l SiS ll !S lKri wo*"** •«WA. CANADA. CUNOII, lAPAN. KMU TAIWAN. HONG KONG. THAJLAAO MO PHILIPPINES VESSEL/VOYAGE tftORLD TIGER V 7 WORLD LION V 7 WORLD TIGER V 8 WORLD LION V 8 Vessel Arrives/Departs Aug 25/26 Aug 31/ Sept 1 Sept 7/8
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      Page 14 Advertisements Column 4
      824 14 Everett Lines Burma Five Star Shipping Corfu. "BURMESE NATIONAL LINE" LOADING FOR RANGOON mwnwKfcdi) s^2!* PHASHWEGYAWVWA wntn B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/***** Compama Argentina Oe 'JfTb' Navtyacion Intarcontinantal S. A. C.I. F. \MP "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUENOS
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      Page 14 Advertisements Column 5
      557 14 I \K I) I\ I I \H Orient Overseas Co*Uoi*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S SEAS BRIDGE 17W ORIENTAL RESEARCHER 2 NEPTUNE CORAL 9N CHEVALIER PAUL 12* CHEVALIER DOZE 10* NEPTUNE PEARL UN HERCATOR M ORIENTAL CHIEF 10C Sot on LeHavre 11/9 13/9 18'9 20/9 20'9
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1148 15 QCL Overseas Containers Limited mm/mm mmct t» w/cwmroff: Wharf S'pore P. Minn D'nark ilaww h n n w wwmn firms isept »JW KITAMI MAN 'W UaiMltH 11 Sept 11 Sept 4 set mil u< asept nu# Oct KUIKI »W U JJ JJ| CAMIUN MV 1 Oct J Oct 20 Oct
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      Page 15 Advertisements Column 2
      1064 15 AMERICAN PttSIDCNT LINES r STRAITS KXnUI CONTAINS* SERVICE LmM| I* M rut, EM Caest a 1 BaW Pkrts W Lm lipln. Im Fimui are Seattle SIMIKffi P. Ke'.ng L Aagelec ttt/M Lead IOiSCB> iDirect v P. ROOSEVELT 4 Sept (28 Aug) 29 Aug 27 Sept 3 Oct p POLK II
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      Page 15 Advertisements Column 3
      901 15 BEN LINE CONTAINERS LIMITED t> iwwrt: s-a»w. p. mm* oenavon a *h RONCRONC IWK» I to* RITAM lIIH '*2 ROWLOON BAY llto* TMYOMY »SI lENALDEI *W "'J'. CAROItAN MY JM« **2 CUT to EIINIURfR It tot mil MT 10 Oct It Mt M'BURC f HAVEN rtMM wm SOT 0« W.
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      Page 15 Advertisements Column 4
      867 15 Scan Dutch V CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK CONTINENT/ SCANDINAVIA fMti tna P. KM Vessel FUDCtSCi TOTAMA EItAMIA U 0 IOMICAU ELEANOIA 11/ MCI. NOUTMAN FIUCfICi 1/ I JVTLAMIA FIANCESCA EIUMMA Ml ~Lf EASTBOUND FROM WED/UK/ I) 6 kw| 2) H twrx X B'ren 4) Um S LtM
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      Page 15 Advertisements Column 5
      544 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. LIAIS FRUS. AFRICA SM SIBMI (Mauritius, Reimic" Oarbaa. EX.. ftCapetown) Kuantan 77 20 W Spore M A«/ 1 Sap P. Kelan </)«• miUßtlMTimCl FN imM. MMU SVSANNE SKOU Penan P. Kelan S'pore U» LOSS IE BANK Penai|t P. Mill* S'poce C4S/2S express service birect
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      902 16 K LINE KAWASAKI KISEN KAISHA. LTD (VIA SUED ky Cotfxoor Voaels to nmon -m S'oore P. Kelang I.Havre H'burg Bremen Rdam A'werp 'Sous MCI 17W 25 Aog 2f A*c 14 Sift 1® S«ft 17 Soft 1# Sept 21 Sep i O*SWOW 31 3 ISept 21 Sept 22S.pt 23 Sept 24
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      Page 16 Advertisements Column 2
      764 16 AGENTS R JUMABHOV I ÜBAIOUtLA &CO B JUMABMOV S, SONS SONS P T E i LTD SDN BHD M SDN BHD Singapore Ku««l» I n>pu' P«r.jpg T.I 91 2SII 5 lin.. I *Ei T el *****4 8 Port »w»r»y T»l JBO I 0 J AFEA LINE Nm Ctifereice liiepe*4ett Rtfilar
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      Page 16 Advertisements Column 3
      1024 16 1 k NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SERVICES: Tl EMOTE MA SKO* I SEVEN SEAS HIKE 25 *n ORIEMTAI RESEARCHER* 31 ta| I KEFTUNE CORAL 1) Sep* chevalier rm as«pt CHEVALIER NZE 20 Sept I NEPTUNE PEARL S Oct I tO. RESEARCHER Sp»re Oesief T i P. Kelatf S
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      Page 16 Advertisements Column 4
      703 16 M 7/7, HAI*rSiAA INTtKNATIONAI SHIPPING CORPORATION BCPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/COffTINENT/SCANOINAVIA VttMl S'DOff 1) MMiltM 8 Waal 3) Mbarg Giwrg Accept tag (hw targe far EAST MUNI agea Nels.aki. I liMk m Spare. EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT T| Mam P. K* ang Penaag Laaliag tar: lUNCA MUM
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      Page 16 Advertisements Column 5
      835 16 INTRASEA (PTE) LTD .ibor Housp WE Road Sifcj.tpor* Totepho'if i'vbl' f REGULAR INREPENOENT SEMI/FRU. CONTAINER SERVICE Tl EUROPE S port p. Kelanc Pe*a«e UK*I Hr IRISH OM MIS Apf la fart Htwrf/H'dMi' Boulopit. NORASIA Mil i Vept J Sept 1 Sept H'burg R*dam A'werp. HNS: T mil I INTUSEA (PTE)
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