The Business Times, 29 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 TUESDAY, AUGUST 29, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Tokyo budget
      70 1 AFP TOKYO, Mon. The Japanese government Is working on a supplementary budget amounting to over 2,000 billion yen (about Ss24 billion) to stimulate the economy In order to keep Its promise of attaining economic growth of 7 per cent this fiscal year ending In March, Finance Minister Tatsuo
      AFP  -  70 words
    • Article
      Lock icon Thai woman workers
      102 1 AFP BANGKOK, Mon. An official survey reveals that 38 per cent or 5.3 million of Thailand's 13.8 million-strong labour force are women. The survey, by the National Economic and Social Development Board, reported about 60 per cent or over 3.2 million of women workers are engaged in
      AFP  -  102 words
    • Article
      Lock icon Graft charges
      63 1 Reuter JAKARTA, Mon. A former deputy chief of the Indonesian police force today pleaded not guilty to corruption charges involving 4.8 billion ruplahs (about Ss27 million). Lieutenant-General Slswadjl, the highestranking police officer brought to trial under Indonesia's anti-corruption campaign, appeared before a military tribunal along with three other
      Reuter  -  63 words
    • Article
      China revamps
      49 1 CHINA is now revamping Its farm and general machinery production, according to Hslnhua News Agency. To ensure better specialisation and to prevent overlapping of work, the First Ministry of Machine-Bullding is reorganising its production centres and regrouping the factories according to product-types and not according to geography.
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    • Article
      Lock icon Still a chance
      75 1 AP HONOLULU, Mon US companies will have a chance to participate in the development of Vietnam's oil and natural gas resources if trade relations between the two are restored, a Congressman says. It was brought out very forcefully that the Vietnamese are interested in the exploration of
      AP  -  75 words
    • Article
      Lock icon Fed's latest move
      84 1 Reuter WASHINGTON, Mon. The Federal Reserve Board today gave the dollar a further boost by making it more attractive for US banks to borrow dollars overseas. The Fed in a highly technical move, said It is eliminating the reserves that US banks have to keep on their
      Reuter  -  84 words
    • Article
      Lock icon Dow Jones
      66 1 UPI NEW YORK, Mon. Stocks headed lower early today as investors pondered the Carter Administration's efforts to aid the dollar and combat inflation. Speculation in gambling stocks contributed to fairly active trading. The Dow Jones Industrial average, a I.B&(K>lnt loser on Friday, was off 4.06 points to 891.45
      UPI  -  66 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      123 1 Rises Most active UOB 442 +40 Haw Par 702.000 UOF 344 36 Faber Merlin 583,000 OCBC 1070 +30 UOL 571,000 M Banking 560 +25 UOB 519,000 Tractor* 535 +25 Harimau 318.000 OUB 398 +24 Total Turnover: 15.30 m C'oniplant Wrta 520 +20 Total Value: $39.35 m DBS
      123 words
    • Article, Illustration
      In Kuala Lumpur
      168 1 Rises Most active Consplant 5.50 .40 Haw Par 1.309,000 Si 1.140,000 1.035,000 F. Merlin 960.000 UO Bank 4.48 .36 DBS 5.10 .22 Carlsberg 6.25 25 Si me Darby 3 92 .20 M. Banking 5.70 .20 Total Turnover: 11.63 m TanChong 3.54 .16 Total Value: MS30 34 m
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  • Article
    Decision on petrochem project date next month
    361 1 A DECISION on the $2-bil-lion Sumitomo Petrochemical project in Singapore may be taken next month, when top executives from Japan's Sumitomo Chemical Company arrive in the Republic for a meeting with Singapore government officials in charge of the JapaneseSingapore venture. Sources- said that
    361 words
  • Article
    Top Tokyo publisher sets up shop
    522 1  -  By RONNIE LIM THE OLDEST Japanese book distributor and publisher, Maruzen Company, is starting its first overseas publishing operation in Singapore. Maruzen's whplly-owned subsidiary here, Maruzen Asia, which was incorporated earlier this month, is expected to take over the Japanese parent's publications of English-edition
    522 words
  • Article
    Asean workers not that easy to recruit
    656 1  -  »y FONG MEW LENG SINGAPORE manufacturers are facing difficulties in their recruitment campaigns for labour from Thailand and Indonesia. Two survey teams sent by local textile manufacturers to Thailand and Indonesia have encountered various difficulties ranging from bureaucratic red tape to high cost
    656 words
  • Article
    Accountants foster closer Asean ties
    255 1 SINGAPORE will present a paper on Asean Industrial and trade cooperation and its Impact on accountants at the first mass get-toge-ther of Asean accountants in Manila in November. About 60 Singapore accountants will attend the four-day conference of the Asean Federation of Accountants from Nov.
    255 words
  • Article
    Mitsumi opens another plant for its new lines
    257 1  -  •y JOHN LIM IN LINE with the expansion of the electronics industry into more sophisticated products, a local company has diversified its products to include components for radios and tape recorders. Mitsumi, established here in 1973 with a plant in Kallang, is
    257 words
  • Article
    OCBC clocks a good pace
    495 1  -  »y ARTHUR NG OVERSEA CHINESE Banking Corporation has at last flexed its muscles and this is seen in the good earnings growth at the half-way mark. For the first six months ended June 30, 1978, this second largest banking group in Malaysia and Singapore after
    495 words
  • Article
    OVER TO H. LEONG
    128 1 HONG Leong Finance directors met with their merchant banking advisers yesterday to consider the latest developments in the struggle for control of Singapore Finance Hong Leong sources said they have secured more than 20 per cent control of the 12 million share equity of Singapore Finance.
    128 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      37 1 ?Z~-m ODESSA OCEAN LINE FOR FAST EFFICIENT SHIPPING Call the agent: Singapore Soviet Shipping Co Pte Ltd sth Floor, For Eastern Bank Building 156 Cecil St., Singapore 1 Cables "SOSIACLINE" Telex RS ***** Tel *****33 (7 lines)
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    • Advertisement
      Page 1 Advertisements Column 2
      42 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant y 22** m uaj tFU HEfIRV nnc RGEfKIES PTE LTD BRUNEI AGfcNT REI lANCE DISTRiBUTGRS 144 B JALAN CHtVALIER BANDAR SE Rl Bt GAW AN BfIUNE I TEL *****
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    • Advertisement
      Page 1 Advertisements Column 3
      75 1 SHIPPING TIMES PEOPLE in business 2 FORUM on research 7 STRONG demand for condos LETTER to editor 7 surprises developers 2 ROTHMANB puffs and pants WEST Asian route: Look on road to recoTsry 11 before you leap 5 NEW bonking manager at BUILDINGS: Here today, gone MAS 12 tomorrow S
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    • Advertisement
      Page 1 Advertisements Column 4
      220 1 U-Bix COMPLETE COPYING SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPORE let *****4 (5 L>nesl APS ELECTRONICS (M) SON BHD KUfl-A LUMPUR Tel 03-*****0 Leader Page 6 London flights? Plenty. But did you know that from KLM's home base you can reach over 20 destinations in the U.K.and Ireland? o erdeen jrx_
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  • TRADE AND INDUSTRY
    • Article
      Indonesia to set up tourist office here
      358 2  -  ■y SIVA ARASU THE Indonesian government Is planning to open a tourist promotion office In Singapore to tap the considerable potential of channelling tourists from here to Indonesia. The office will be temporarily located at the Indonesian Embassy and run by two officers.
      358 words
    • Article
      MEMO PAD
      391 2 COURSES AND TALKS Aug 12-Sept 2: An understanding of company law, SIM, SIM Aug 17-31: Manpower planning and employee recruitment, Holiday Inn, P.O.D. Aug 28-Sept 29: Introduction to insurance, commerce, marine and fire Insurance, SITC, SITC. Aug 29-Sept 1: Business forecasting, SIM, SIM Sept 1: Personal Income tax
      391 words
    • Article, Illustration
      CAT SHOVEL POWER
      207 2 TRACTORS Singapore will demonstrate the Caterpillar Front Shovel 245 excavator today at the Resource* Development Corporation quarry in Mandai. The Cat 245 Front Shovel, the largest machine in the Caterpillar range of hydraulic excavators, weighs more than 60 tonnes and develops 325 horsepower. It is all hydraulic,
      207 words
    • Article
      Focus on financial scene in the Gulf
      241 2 A TWO-DAY conference on finance and industrial development in the Gulf is scheduled to open on Oct 22 in Bahrain. The conference Is sponsored by the Financial Times and the Bahrain Society of Engineers. Topics for discussion Include financial developments in the Gulf
      241 words
    • Article
      Lock icon Manila's trade shows a gaping deficit
      329 2 Reuter THE Philippines' trade deficit widened substantially to U5591.33 million (*****.5 million), in July from 536 million in July, 1977, Central Bank figures show. Imports rose to $317.44 million from $252.55 million in 1977 while exports increased to $266.11 million from $216.53 million. For
      Reuter  -  329 words
    • Article
      Bravo Pte Ltd lives up to its name
      140 2 A TEAM of executives from various companies calling themselves Bravo Pte Ltd has emerged the winner of the second round of the Eighth National Management Game. It will receive a best performance award for grossing the highest accumulated profits of $14.53 million.
      140 words
    • Article, Illustration
      Social amenities push sales of condominiums
      548 2  -  By TEO TECK WENG CONDOMINIUM units are enjoying such brisk sales that even a few developers are surprised. It appears that many people have bought these units as a form of Income-producing investment as many of the purchased units are not owner-occupied. According to
      548 words
    • Article
      Lock icon Sony's Betamax takes Europe by storm
      183 2 AP JAPAN'S compact homeuse colour video-cassette recorder made an impressive start in sales in Europe in May after building up a promising market in the United States. Sony Corp., pioneer in developing the television programme recorder, said it found the European demand for iU
      AP  -  183 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      140 2 HOLIDAY Inn has appointed Mr. Francia Chiam as personnel manager, and promoted Mr. Peter Lee to assistant financial controller. Mr. Chiam has considerable experience in personnel administration in two international companies in Singapore before joining Holiday Inn. Mr. Lee has been with Holiday Inn for more than
      140 words
    • Article
      Lock icon Tokyo eases its copper embargo
      436 2 Reuter JAPAN has quietly eased Its four-year-old embargo on the export of electrolytic copper, Ministry of International Trade and Industry (Mlti) officials said. The embargo Is unnecessary now because Japan has become a copper importer, reflecting rising domestic demand, tight overseas ore supplies and the
      Reuter  -  436 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      177 2 WISE TRAVELLERS CHEQUE THEIR CASH £20 BiVW m SoO CLAtS Take Barclays travellers cheques wherever you go whenever you go. They're welcomed throughout trie world. Safer than cash. A world-wide network of refund agents help you in case of loss or theft. Available in US dollars or sterling. ON SALE
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    • Advertisement
      Page 2 Advertisements Column 2
      57 2 The CM Storage (S) Pt«. Ltd. has available nlliHinM'lTiTii l (for frozen and chilled goods) at its Pasir Panjang Warehouse Complex 104, Pasir Panjang Road, 8 km., Singapore 5. Close to Port of Singapore Authority and town. 24 hours service. casual and monthly basis. Contact Mr. K.B. Kiang at telephone
      57 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      587 2 TWO-11-OK CROSSWORD EASY PUZZLE ACROSS J Rage (4) 4 Performers (6) 8 Hold-up (3) 10 Wound mark (4) 13 Fragrant plant (8) 14 Prospered (7) 15 Weak (6) 17 Allen (9) 21 Title (3) 22 Auction Item (3) 23 Listening device (3) 26 Gem dealers (9) 27 Sofa (6) 28
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  • OVERSEAS
    • Article
      Lock icon Car war heating up
      822 3 UPI NYT A MULTI-milllon-dollar bidding war has developed among towns, states and even nations trying to lure motor-car manufacturers to build new plants In their area. The hunger for Industrial jobs worldwide has raised the stake In the competition from promises of sunshine, tax concessions and
      UPI; NYT  -  822 words
    • Article
      Lock icon Dollar's fall puts the brake on car imports
      911 3 NYT MAJOR US car importers expect their share of the market to continue falling, because of the depreciating dollar. "We can't stick our head in the sand and say that Imports are going to continue as they have," conceded Mr. Robert Link,
      NYT  -  911 words
    • WORLD IN BRIEF
      • Article
        Lock icon FLOODS HIT INDIA HARD
        582 3 Agencies RECENT floods have swept across 1.7 million hectares of land in 22 Indian states, official sources said. Crop losses in Bihar are estimated at 520 million rupees (SSI4O million) and in West Bengal damage to crops and property is said to total 100 million rupees.
        Agencies  -  582 words
    • Article
      Lock icon Voters of Long Beach hold sway over oil policy
      393 3 NYT IMPORTANT ASPECTS of US oil policy'may be decided the Carter Administration's views notwithstanding by about 100,000 voters of Long Beach, a southern California port city, in November. The City Council has approved for inclusion on the November election ballot a
      NYT  -  393 words
    • Article
      Lock icon Postal chief 'no' to bargaining
      284 3 Reuter THE US postmaster-general William Bolger said the government would not go back to the bargaining table to head off a threatened postal strike in America. However, he did not think there would be a strike. A US district judge Issued a temporary order on
      Reuter  -  284 words
    • Article, Illustration
      Sowing the seed for future oil needs
      263 3 AUSTRALIAN scientists are experimenting with rapid-growing plant* from which some of the world's future oil needs might be harvested. The scientists say that farm-grown crops of a plant known as spurge (Euphorbia), of which there are about 6,000 species, could supply some fuel
      263 words
    • Article
      Market for US government securities stays volatile
      655 3 JAY Woodworth, vicepresident and senior domestic economist of Bankers Trust Co, here presents a round-up of the US government securities market last week and the outlook for Inflation In America. (The government securities market continued to be volatile on news of slower economic
      655 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      94 3 THE DEVELOPMENT BANK W .OF SINGAPORE LTD. (Incorporated in the Republic of Singapore) WE ARE PLEASED TO ANNOUNCE AN INCREASE IN OUR SINGAPORE DOLLAR SAVINGS AND DEPOSIT RATES WITH EFFECT FROM MONDAY 28 AUGUST 1978 TO: SAVINGS ACCOUNTS TIME DEPOSITS I MONTH 3 MONTHS 6 MONTHS 9 MONTHS 12 MONTHS
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    • Advertisement
      Page 3 Advertisements Column 2
      169 3 Because the banker was <>n his t< )es, tlie 1 msiness is off and running. r.I I A S sS The banker with an inside track locally often has the advantage. Particularly when he's backed by the worldwide resources of a gl financial network. As all our bankers are Take
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      198 4 THE SINGAPORE market yesterday closed lower with September One RSS buyers quoted at 238.75 cents per kilo, down 2.50 cents from Friday's close, dealers said. Afternoon prices were barely steady despite China acceptances from both upcountry and local sectors and London's closure aided the lower undertone,
      198 words
    • Article
      Closing prices
      31 4 Rubber: Aug 28 Singapore: Sept 238.75 cents (down 2.50 cent) Malaysia: Sept 245.25 cents (down 1.75 cents) Tin: MS 1.770 (down S8) Official offering: 201 tonnes (up 43 tonnes)
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    • Article
      RAS PRICES
      394 4 H A S prices In cents per kilo yesterday: Noon Clow (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int 1 K S S prompt f.o.b. 238.25 239 25 N 238 25 238 25 N Int 1 R S S. Sept 238.75 239 25 238 75 238 25
      394 words
    • Article
      SSR AND SMR
      103 4 NOON SSR and SMR prices yesterday: September October RAM (C urrent Mth) (Forward Mth) Buyer* Sellers Buyer* Seller* (cent* per kg) (cent* per kg) SSR 20 (1-ton pallet) 215.00 217.00N 216.00 218.OON SSR 50 (1 -ton pallet) 213.00 215 OON 214.00 216.OON MKELB SMR5CV (1-ton pallet) 247.50
      103 words
    • Article
      Produce exchange
      392 4 TRADING took«on a very quiet and cautious note at the Singapore produce market yesterday. Turnover was low and mainly on covering account. Until the close, a wait-and-see attitude prevailed. In the copra and coconut oil market, prices held from steady to firm. There were more bids than sellers
      392 words
    • Article
      Rice
      87 4 BANGKOK rice prices yesterday: US dollars per tonne fob basis Bangkok: While Rice: 100 pet Ist class 377. 100 pet 2nd class 382. 100 pet 3rd class 377. 5 pet 372. 10 pet 347. 15 pet 342. 20 pet 342. 25 pet 327 35 pet unq Broken-. A-l super
      87 words
    • Article
      Straits tin
      62 4 THE Straits tin price in Penang eased MsB per picul yesterday to $1,770. Trading was quiet ahead of London's closure with no fresh news to boost the market. Some cheap buying was noted from the US and Japan, however. Turnover increased to 201 tonnes from 158 tonnes last
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    • Article
      Gold
      104 4 DUE to the closing of the Hongkong and London markets yesterday (holidays in both countries), the bullion market in Singapore opened and closed at the same price. The kllobar opened and closed at S$ 14,531 per kilo while spot gold for London delivery opened and closed at US$198.50/ 199.20
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    • Article
      US studies Soviet oilseeds process
      242 4 A FIVE-member team of US oilseeds experts left for a three and half-week visit to the Soviet Union to observe sunflowerseed production and the oilseeds industry, an official of the US Agriculture Department's Foreign Agriculture Service said. The trip is part of a series of
      242 words
    • Article
      Lock icon Brazilian soy needs better weather
      462 4 Reuter AMERICAN Soybean Association senior economists Donald Frahm, forecasts that the 1979 Brazilian soybean crop will approximate 13 million tonnes, based on current market prices and assuming normal weather conditions. In an interview at the ASA annual meeting Frahm Firedlcted that Brazil is unIkely to
      Reuter  -  462 words
    • Article
      Lock icon Higher output of primary aluminium
      223 4 AFP WORLD production of primary aluminium, which is shortly to be traded on i new terminal market on the London Metal Exchange, continued to rise in July, reaching 966,000 tonne*, only 2,000 tonnes short of the monthly record last January. International Primary Aluminium Institute statistics
      AFP  -  223 words
    • Article
      Lock icon Dark days for a bright metal
      1005 4 FT THE world copper market Is experiencing some of its darkest days ever and should the Benguela Railway, the essential communications link between the Angolan Port of Lobito and the central African copperbelt, reopen in the next few weeks, things could get darker still
      FT  -  1,005 words
    • Article
      Lock icon Stronger dollar depresses gold price
      1333 4 AFP DESPITE fluctuations caused by a number of unsettling factors, markets generally managed to gain some ground last week, aided by a resumption of consumer buying, with the US industry buying tin and coffee, the Japanese and Chinese copper and the Soviet Union cocoa. The
      AFP  -  1,333 words
    • Article
      Record grain harvest
      281 4 INDIA had normal or excess monsoon rains in all parts of the country in June and July, making a record production of foodgrains likely, the economic times newspaper said on the basis of a countrywide survey. The survey said the kharif or summer crop could be as
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        493 4 THE US doUar closed firmer against major currencies on the foreign exchange market yesterday. Trading was thin and quiet as there were holidays in Hongkong and the UK. Opening at 192.45/65 against the yen, the dollar fluctuated through th£ day. It was taken to the day's high of
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      • Article
        Tokyo
        145 4 THE US dollar for overnight delivery closed at 192.45 yen yesterday, down from a 192.50 opening but up from 192.00 at Friday's close, dealers said. The dollar fluctuated between 192.45 and 192.65 yen in quiet late trading in the absence of major market factors after a nervous start, the
        145 words
      • Article
        Asian $ rates
        190 4 Asian rates ASIAN currency deposit Interbank rates as at close on Aug 28. US Dollar* (Spell Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .85/18 813/18 81/2 .85/8 91/18 .91/18 .91/8 83/18 811/18 8 3/8 81/2 81 vie 815/18 8w Fr». Dw.
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      • Article
        Frankfurt
        42 4 FRANKFURT exchange! opening quote* yesterday Can 1 7630/90 Sterling 3 874/882 D F1 8?21/31 8 Fr 11# 35/55 Lit 2 383/393 F Fr 45 75/85 N Kr 38 03/13 B Fr (con) 8 380/370 B Fr (fin) 165/175 Yen 1 0455/75
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      • Article
        Discount
        45 4 RANGE OF prices offered by discount houses on Aut 28 OvernlRht 2* JSS Call deposit 3S% 3S* ctiiim Buying Selling 3-Month Treasury bills 39/16 31/16 3-Month Bank Mils 63/16 61/16 3-Month CD 61/2 8 3/8 6-Month CD 85/8 61/3 Source: National Discount Co Ltd
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      • Article
        MLR
        21 4 THE average rate at which Singapore banks are currently prepared to lend to their beet customer* is 7 per cent.
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      • Article
        Australia/NZ
        52 4 AUSTRALIA HZ exchanges quote* yesterday US dollar 1 1473/1 1425 Sterling 0 5974/0. SMS Ninety-day air mall buying rale*: Sterling 0 6186 US dollars 1 1804 US dollar 1.1420 NEW ZEALAND: Sterling 0 5455/0 5425 US dolbr 1 0530/1 0430 Ninety-day airmail buytrig rate* Sterling 0 5855 US dollar
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      114 4 Luxurious and comfortable split-level Largest Hilltop Garden Houses in Thomson area GOLDEN HILL PHASE 5 i J v-: ii :\-i t* >F m HILLTOP W 2-STOREY i SPLIT-LEVEL SEMI DETACHED* BUNGALOW if >•* «..vi m WW hilltop 2 STOREY fj SPLIT LEVEL TERRACE HOUSE A •LUXURY HTTVN6S -FREEHOLD LAND •LOAM
      114 words
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  • TRANSPORT
    • Article
      Lock icon Spanish grants for ailing steel firms
      158 5 Reuter THE Spanish government has approved financial aid bills aimed at reviving the ailing steel and shipbuilding industries. A Cabinet statement said the Bills if approved by the Cortes (Parliament), will inject a total of 51.3 billion pesetas (Ssl.s billion) into the two sectors.
      Reuter  -  158 words
    • Article
      Lock icon JAPANESE LEASE BOEING TO BRITISH AIRWAYS
      195 5 Reuter BRITISH Airways signed a U5563.9 million (SSI47 million) contract with 12 Japanese companies to lease a Boeing 747 passenger jet for 10 years. The 747- B Jet will be delivereo to British Airways on Sept 1 by the Boeing Co. The leasing project
      Reuter  -  195 words
    • Article, Illustration
      DARTING ON BUBBLE CUSHION
      135 5 THIS new craft from Britain ride* on a "cushion of bubbles" giving it an out""'standing performance with only a minimum of power. Called the Sea Dart, it features a patented hull design of concave sections. At speed the hull's centre ski, B which has a~steep bow
      135 words
    • Article
      Study W.Asian prospects before plunging in
      804 5  -  By RAHIM KASSIM LOCAL SHIPPING firms will do well to study the prospects of the West Asian trade first before committing more services to the route. This is despite the Indonesian National Shipping Agency's recent recommendations urging Indonesian exporters to use Singapore ships to
      804 words
    • Article, Illustration
      SHIPS IN PORT
      357 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Jiangting (2359 after Alameda) 47 Junyo Maru (0600) 33/34 Kota Ratu (after Lica Maersk) 45 Lily Venture (1100 after Sophia First) 18 Pacific Trader (after Shoryu Maru) 15/16 Rajah Brooke (1200 20 Seiryu Maru (after Golden Eagle King River) 23/24 PASIR PANJANG
      357 words
    • Article
      Thai wants more flights to Hanoi
      89 5 THAILAND'S domestic airline, Thai Airways, Is prepared to increase the number of its weekly flights from Bangkok to Hanoi, according to Thai Deputy Communications Minister Praslt Narongdej. Mr Praslt said the expansion plan, which would probably be brought up during a visit to Thailand
      89 words
    • Article
      CARGO VOLUME UP 22pc IN JUNE
      162 5 THE PORT of 81a|ipon Authority (PSA) handled 22 per e«t more cargo in June compered with the corresponding month Inst year. For the second successive month, the throughput exceeded two million tonnes. However, the tonnage handled waa marginally lower (0.7 per cent) than that
      162 words
    • Article
      Lock icon French go-slow hits Paris
      175 5 AP THE FRENCH air traffic controllers' slowdown caused flight cancellations and delays of up to three hours at Parls's two main airports on Sunday. Officials in Palma de Mallorca twice closed the island's airport to incoming flights, and British vacationers waiting to fly to the Mediterranean
      AP  -  175 words
    • Article
      Lock icon Garuda seeks $258m loan
      63 5 Reuter THE INDONESIAN national airline Garuda Is seeking a foreign loan to help finance the purchase of new jetliners, airline sources said. The loan Is expected to total U*****.5 million (*****.7 million) from a syndicate of foreign banks ied by Chase Manhattan Asia. The sources declined
      Reuter  -  63 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      696 5 ARRIVALS Operator Number Local Time From CAL CI331 0040 TPE/HKO/KUL PAA PA005 0115 SFO/HKG MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ10I 0815 KUL MAS MH621 0640 PEN MAS MH607 0645 KUL MAS MH671 0045 PEN/KUL CAL CI 806 1000 HLP CPA CX710 1005 HLP
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      134 5 Change for the Bett V > o J a A ■J < <?*" S* To be more precise a better change. With the Mazda 323 three speed automatic transmission you won't miss the change. Designed to give high flexibility the Mazda 323 three speed automatic gives smooth and powerful performance
      134 words
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  • Article
    Discretion is the better part of suspension
    675 6 THE stock exchange is to be complimented (or having moved so swiftly to relist Singapore Finance. Yet It seems to have overlooked the other party In this takeover bid, Hong Leong Finance. Rarely have the rules of such a bid been so scrupulously
    675 words
  • Article, Illustration
    WHAT GOES UP MUST COME DOWN
    2373 6 It may seem premature to think of demolishing recently erected ljighrise buildings. But Dr. Khoo Cheng Lim senior lecturer, Building Science Department, University of Singapore assures us that in fastchanging Singapore, such a development will soon be inevitable. In this paper, presented at the
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  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      341 6 w Jr. m I*s BLWK t ViatWEowtx A perfect complement to arty meal. Another quality product from IS 406/407 Havelock Road, 9'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.
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      60 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers Report for 24 hours prior to 7.30 pm on Aug 28 at the airport: Maximum Temperature 31.6° C Associated Humidity 71 Minimum Temperature 25.4° C Associated Humidity 94 Hours of Sunshine 5.40 Rainfall in Millimetres Trace Total Rainfall for
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      271 6 SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.25 Diary Of Events (English) 3.30 Afternoon Matinee That Kind Of Woman (Pt. 2) Starring: Sophia Loren, Tab Hunter, Keenan Wynn, George Sanders 4.05 Science Report 4.20 Intermission 6.05 Opening announcements followed by Fables Of The Green Forest 0
      271 words
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  • Article, Illustration
    Are these accessories really necessary?
    776 7  -  By JIM MACKENZIE -GOOD AFTERNOON, Sir. Well, what do you think of 'our latest model? She's Just arrived hasn't been run i in yet. Can I arrange a trial jrun for you?" That's the trouble with "Motor Shows you can't See the models for the
    776 words
  • Article
    STRAWS IN THE WIND
    393 7 DO YOU need a wallet- ectomy? If you visit Dr. Elmar G. Lutz in Chicago, US, complaining of back pains, he'll ask to see your wallet before he gives you an ,_X-ray, but not because he wonders whether you can -afford the bill. He reports in
    393 words
  • Article
    DR. GOH'S POETRY READING
    736 7  -  Letter to the Editor HENG CHIANG MENG WITH reference to your report (Aug 21) on the poetry reading by Goh Poh Seng, your reporter was correct In saying that the audience wu a pitifully small one. One can well understand Goh Poh Seng's disappointment. However, as
    736 words
  • Article
    Let's generate our own pool of researchers
    963 7  -  FORUM ■y TERESA LIM SOME old and dusty myths on basic research were dispelled last week by the four ?hvslclsts who spoke over elevlslon Singapore In the forum "Research and Developing Countries". For too long, there has been the popular misconception that basic
    963 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      356 7 1 New Japanese Restaurant KlKU^p' serving authentic Japanese food vy <v 0 1 fl Yikki *Tcmpura Shashimi *Sukivaki *Shabu Shabu KIKU JAPANESE RESTAURANT ORCHID INN Tel: *****2 214 Dunearn Road, Singapore 11 Enchanted evenings in fine European tradition. MirabeLle All the ingredients for an enchanted evening are here at MirabeUe.
      356 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      44 7 DON'T K*Ou> UiHPTS "H-ie UHTH THCSE. BLANKET^N/ BLANK OFMLL*W STAFF J' V 5 "this rof\sav<£. ftav&se. MPS GONE. To TmertS ueve 6efe>i PACxeD IN THIS BLPMWEJTV &LANK LIWE. e>LANKe.T-rN BLFfJK Sp*iD»N£S PND ALL THAT Blankctt^ e>LpHV< DO6.S 6 STfcuT Up AND OObJN Ty4C PLBTFORm
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Accumulating a potful of woes
      1293 8 BOUSSAC MEANS WEALTH FT BOUSSAC in French is almost a common noun. It is a synonvm of wealth. "Rich as Boussac" is the same as "Rich as Rothschild." And then there Is another level of connotations behind the name. It conjure* up images of selfmade
      FT  -  1,293 words
    • Article
      Lock icon Utilities lose glitter
      735 8 NYT ELECTRIC utility issues, after enjoying a couple of shining years in the stock market, have lost a bit of their lustre lately. The different averages compiled by Dow Jones tell the story graphically, underscoring recent changes In investment tastes. The Industrial average, as of the close
      NYT  -  735 words
    • Article
      Lock icon Minnesota Mining's winning ways
      812 8 NYT MUTUAL funds have been selling common stocks on balance for some time now. In fact, net sales during the 1978 second quarter came close to US$5OO million as these funds continued to generate additional cash for their coffers. But the funds, known technically as open-end
      NYT  -  812 words
    • Article
      Intershop convertible
      216 8 r i BONDS&LOANS h 4 INTERSHOP Holding AG, Zurich, said it plana to float a convertible bond issue of US$2O million through its subsidiary Intershop Overseas Finance Co. (Curacao) NV, Netherlands Antilles. The floating ofthe loan is subject to favourable market conditions. It should be issued at the
      216 words
    • Article
      Lock icon Valep borrows US$30m
      92 8 Reuter CHEMICAL Bank said Its Chemical Bank International and Libra Bank Ltd made a US$3O million loan to Mlneracao Vale do Paranalba SA (Valep). The eight-year loan has an Interest rate of 1-% per cent over the six-month London Interbank offered rate. It said. Valep. a Brazilian
      Reuter  -  92 words
    • Article
      Lock icon Norwegian credit body plans issue
      103 8 Reuter A/S EKSPORTFINANS, the finance and export credit Institute of Norwegian commercial banks, plans a US$5O million Issue of 9 per cent notes due 1978/ 86, point syndicate leader Citicorp International Bank said. The notes incorporate a sinking fund to give an average life of
      Reuter  -  103 words
    • Article
      Lock icon Trio Kenwood
      49 8 Reuter THE 40 million mark eightyear i-Vt per cent convertible bona for Trio Kenwood Corp was signed in Frankfurt. Lead manager Deutsche Bank AO said. The Issue Is convertible at a price of 7.37 marks per 50 yen nominal share after October this year, It added. Reuter.
      Reuter  -  49 words
    • Article
      Lock icon Copenhagen
      60 8 Reuter THE COPENHAGEN county authority will make a private placement of UBS2S million of 9 V% per cent notes due 1990 at 90-* per cent, joint managers Dalwa Europe NV said. Other Joint managers are Fuji International Finance Ltd, International Credit Alliance Ltd, Mitsubishi Bank (Europe) SA. Mitsui Finance
      Reuter  -  60 words
    • Article
      Lock icon MEXICO RAISES 500m MARKS
      73 8 Reuter MEXICO has raised 500 million marks through an eight-year credit placed exclusively with International banks In Luxembourg, Euromarket sources said. The credit bears a one per cent spread above London Interbank offered rates throughout and has a fouryear grace period. It is being managed by
      Reuter  -  73 words
    • Article
      Lock icon Sanko clears outstanding debt
      54 8 Reuter THE SANKO Steamship Co Ltd Is repaying the remainder of its 1975/1980 80 million 8- V» per cent bond on Dec. this year. Berliner Handels-und Frankfurter Bank said. Repayment will be at 101 per cent through Its offices or any others named in the terms
      Reuter  -  54 words
    • Article
      Lock icon Private placement by Banco Nacional
      143 8 Reuter BANCO Naclonal De Obras Y Servlclos Publlcos SA (Banobras) will privately place a US$5O million bond In Japan this month with a Japanese syndicate of eight banks led by Sanwa Bank. The dollar-denominated private bond Issue contract was signed on Friday with payment to
      Reuter  -  143 words
    • Article
      Lock icon PNOC gets US$64m
      86 8 Reuter PHILIPPINE National Oil Co (PNOC) has obtained a US$64 million loan from a consortium of II banks. Chase Manhattan Asia Ltd, the Joint lead manager said the 10-year loan, guaranteed by the Philippine government, will be at a margin of per cent over London interbank offered
      Reuter  -  86 words
    • Article
      CREDIT SUISSE
      52 8 CREDIT Suisse said It will float a 100 million franc, 12year, 3.25 per cent bond Issue at par from Aug 30 to Sept 30. The loan Is designed to convert loans Issued earlier by the bank and Schwelzerlsche Bodenkredltanstalt with which It has now merged. It said in
      52 words
    • Article
      Lock icon Renault, AMC pact proves difficult
      173 8 AFP A COOPERATION agreement between America's smallest car manufacturer, the American Motors Company (AMC) and the French state-owned Renault manufacturer, which was approved In principle last March, was proving unexpectedly difficult to complete. AMC preldent, Mr. Gerald Meyers, said both companies still intended to sign
      AFP  -  173 words
    • Article
      Lock icon Turnover on EOE doubles
      93 8 Reuter TURNOVER on the European Options Exchange (EOE) more than doubled to a new record of 2,231 contracts. The firmness of the local stock market boosted options turnover, with Philips the most activity traded stock on both markets. Philips accounted for 1,100 of last Wednesday's options
      Reuter  -  93 words
    • Article
      Nikkei D-J dips
      603 8 TOKYO THE market was inactive yesterday since It was the last trading day for delivery this month. The Nikkei Dow-Jones Average declined slightly on light turnover, although non-mar-gin issues and speculative stocks were selectively bought In the morning session, nonmargln stock and medium-sized Issues continued to rise,
      603 words
    • Article
      Sydney
      367 8 THE market closed firm with uraniums leading the advanceSentiment was helped by news the Ranger Partners and Northern Land Council have reached agreement in principle on the royalty payments issue, dealers said. Peko gained 16 cents to AM.26 while EZ Industries rose five cents to $3.10. Queensland Mines advanced
      367 words
    • Article
      Hongkong
      5 8 HONGKONG wu eland ywlordmy.
      5 words
    • Article
      Manila
      144 8 THE market closed lower across the board yesterday, dealers said. Turnover fell to 9.41 million pesos from Friday's 17.12 million. Losers were Atlas Con B, Kepanto B, Marlnduque B. Phllex B, Basic Petroleum, Oriental B, Phil Overseas, Pioneer, Seafront, CDCP and Meralco, while Bagulo Oold and Pogei were unchanged.
      144 words
    • Article
      Bangkok
      206 8 Bakt Bangkok Bank 382 H Bank of Ajrudhaya Ltd rrz unch ThalDanu unq Thai Farmer* Bank 37J unch Thai Oommerctal Bank an unch Bangkok Metropolitan Industrial Finance Corp unq General Finance unq Bangkok Investment 111 unch First Trust no -2 Raja Finance unq Lse KwangMlng Trust 283 -2 Thai
      206 words
    • Article
      Selected indices
      35 8 H.K. HANG SENG Monday closed Friday 661.41 Week Ago 657.00 K SYDNEY INDUSTRIALS Monday 451.47 v,. Friday 450.2ft i: > Week Ago 450 05 ALL ORDINARIE Monday 535.33 Friday 533 85 Week Ago 535.96
      35 words
    • Article
      Trusthouse Forte
      63 8 TRUSTHOUSE Forte Inc said its third quarter net profit was higher at U552.99 million, compared with $1.56 million last time. Its r revenue came to *39.57 mlllion ($27.71 million). Its nine-month net profit.*, came to $5.57 million ($2.M< i million) on revenue of $94.0f million ($70.26 million). The
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      166 8 COLLECTINQ Oriental Antoiej ra AtfT\Q^ t3 KTAI o r--7\ a 4 9 k* by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive
      166 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Veba to revamp mineral oil operations
      667 9 EUROPEAN Reuter DUESSELDORF: Veba AG p(ans to restructure Its chemical and mineral oil operations as a result of its takeover of Chemische Werke Huels AG and its agreement with Deutsche BAP AG. 'Mr. Rudolf Von Bennis-sen-Foerder, the managing board chairman, said chemical operations of
      Reuter  -  667 words
    • Article
      BASF earnings down sharply
      382 9 FRANKFURT: BASF, the second of the West German chemicals industry "big three" to report on the first half of 1978, has seen no real signs of improvement in the industry's prospects. Although, like Hoechst things went a little better for BASF in the second quarter, the
      382 words
    • Article
      Lock icon Inco puts off expansion plans
      182 9 AFP THE Canadian company Inco Ltd has postponed by six months, plans to expand its nickel matte production from 16,000 to 45,000 tons per year. Vice-president of the Indonesian Inco, Mr. Hitler Singawinata, told the large circulation Jakarta daily, Kompas, that the postponement was decided
      AFP  -  182 words
    • Article
      Lock icon Kaiser lifts prices
      54 9 Reuter KAISER Steel Corp said it is raising tin plate steel prices 5.9 per cent, effective Oct 1, due to rising costs. Kaiser said its Increases this year have been less than the steel industry average, and also totalled less than the average increases made in the
      Reuter  -  54 words
    • Article
      Lock icon Siebens owners to get US$38.50 per share
      157 9 Reuter DOME Petroleum Ltd said all Siebens Oil and Gas Ltd shareholders will be entitled to receive either U5538.50 cash per share or preferred shares of Siebens immediately redeemable for $38.50 in cash. Dome, which had been asked by various stock exchanges for
      Reuter  -  157 words
    • Article
      Lock icon Ford to modify Pintos
      80 9 Reuter THE US National Highway Tfansportatlon Safety Administration and Ford Motor Co reached a tentative agreement on the repairs needed to correct a design fault on 1971-1976 Ford Pintos and Mercury Bobcats. A spokesman for the Safety Administration said Ford agreed to Install two plastic shields
      Reuter  -  80 words
    • Article
      Lock icon Std. Oil (Indiana) elects new chief
      95 9 Reuter STANDARD Oil Co (Indiana) said Mr. Richard Morrow was elected president. effective In October, succeeding Mr. George Myers, who will retire early. Mr. Morrow currently is president of Amoco Chemicals Corp, and Indiana Standard subsidiary. The company said Mr. James Cozad, vice-president-finance, and
      Reuter  -  95 words
    • Article
      Lock icon HUSKY RAISES BUDGET
      104 9 Reuter HUSKY OIL Ltd president Mr. James Nielson, said the company raised its 1978 budget for heavy oil activities In the Lloydmlnster area to US$3O million from $24.5 million. Mr. Nellson said with the additional $5.5 million to be spent on development drilling, Husky will drill and
      Reuter  -  104 words
    • Article
      Lock icon Primary Fuels
      59 9 Reuter HOUSTON Industries Inc said Its Primary Fuels Inc subsidiary is Joining Shell Oil Co. as a limited partner In onshore US oil and gas exploration and production. The company said the exploration phase of the partnership runs 3Vi years, with Primary Fuels having the option to terminate
      Reuter  -  59 words
    • Article
      HOFFMAN-LA ROCHE APPEAL
      68 9 BASLE: F. Hoffmann-La Roche Und Cie AG said it will appeal in the German Supreme Court against the Berlin court decision requiring it to reduce its librium and valium prices to a maximum 76 per cent of the current price. The decision was announced by the West
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    • Article
      Lock icon Allied Breweries
      41 9 Reuter ALLIED Breweries Ltd said It Is convening an extraordinary general meeting on Sept 18 to discuss its recent bid for J. Lyons and Co Ltd. The bid was 170p per share valuing Lvons at around £67 million. Reuter
      Reuter  -  41 words
    • Article
      Lock icon Dutch request to VMF Stork and RSV
      195 9 Reuter THE HAGUE: Economic Affairs Minister Mr. Oils Van Aardenne has, In consultation with the Rljn-Bchelde-Verolme (RSV) and Verenlgde Machinefabrleken Stork (VMF Stork) management boards, asked a consultant to work out proposals for a possible cooperation of the two groups In the energy
      Reuter  -  195 words
    • Article
      Lock icon Plans to rescue Liquichimica in difficulties
      162 9 Reuter "HOME: Plans for the salvage of the Liquichlmlca group have run into difficulties because of disagreement among banks over the scope of the rescue project. Industry sources said earlier this month, a group of creditor banks announced plans for financial aid to four
      Reuter  -  162 words
    • Article
      Lock icon Bleak future at Leyland plant
      140 9 Reuter LONDON: British Leyland personnel chief Pat Lowry said the future of the company's truck and tractor plant in Bathgate, Scotland, was "black and bleak." The British domestic news agency Press Association said Mr. Lowry issued a statement after the company announced further layoffs as
      Reuter  -  140 words
    • Article
      Lock icon Credit Suisse, First Boston finalise deal
      608 9 N.AMERICAN L Reuter AFP FIRST Boston Inc and SA Financlere Du Credit Suisse Et De White Weld completed the purchase of substantial minority Interests in each other, the companies said In a statement. The names of Financlere and Credit Suisse White Weld Ltd, Its
      Reuter; AFP  -  608 words
    • Article
      MEDUSA FINDS NEW SUITOR IN CRANE
      259 9 THE LONG struggle for control of Medusa Corporation, the Clevelandbased cement producer with annual sales of US$25O million, took a sudden turn when a shareholding company which had objected to a previous merger came up with an offer of its own. This is the
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    • Article
      Lock icon Toshiba, Rank to set up shop in UK
      544 9 r i ASIAN Reuter AFP JAPANESE electronics giant Toshiba announced the setting up of its first manufacturing foothold In Europe with a British firm and help from the British government. Toshiba and Rank Radio International of Britain said their Joint firm, called
      Reuter; AFP  -  544 words
    • Article
      Lock icon Paribas ups SHK stake
      142 9 Reuter HONGKONG: Compagnie Financiere De Paris Et Des Pays-Bas (Paribas) has raised its share in Sun Hung Kai Securities Ltd to approximatedly 17 per cent of the enlarged issued share capital. The companies revealed this in a joint statement. In accordance with the May 15 agreement,
      Reuter  -  142 words
    • Article
      Lock icon Hudson's Bay sees gains
      172 9 Reuter HUDSON'S Bay Co said If consumer demand continues at the present high level, a further Improvement In earnings In the second half Is anticipated. First half ended July 31 net rose J,o US$4,4 million from $4.1 mi lon a year ago. Retail sales were ahead
      Reuter  -  172 words
    • Article
      Lock icon Saudis, Hyatt discuss proposal
      96 9 Reuter HYATT Internationa) Corp said representatives of the Prltzker family, which holds about 56 per cent of Its stock, are engaged in discussions with representatives of Saudi Research and Development Oo on the lattar firm's proposal to acquire Hyatt International for US$ll a share In cash.
      Reuter  -  96 words
    • Article
      Woodside to spend more
      85 9 MELBOURNE: Woodside Petroleum Ltd said It raised development and development planning expenditure to A 54.57 million in the first half 1978 from $868,000 in the same 1977 period. A Woodside spokesman said the expenditure was on the north-west shelf gas project planning and definition stage announced
      85 words
    • Article
      Lock icon WAH KONG ACQUIRES ANDOVER INVESTMENT
      88 9 Reuter HONGKONG: Wah Kwong Properties Ltd said it agreed to acquire Andover Investment Ltd, whose sole asset is the Regent House property in Hongkong's central district, for HKS92 million in cash and stock. > Wah Kwong will issue-10 million of its 11 nominal shares to
      Reuter  -  88 words
    • Article
      Lock icon Hongkong Telephone
      65 9 Reuter HONGKONG: Hongkong Telephone Co Ltd announced an interim ifiM dividend of 50 cents (same) on capital raised by one-for-six rights issue. Unaudited net profit *at HK588.2 million ($7».8 million). Books close Aug. 22 to Sept 5. The company forecasts a final dividend of not less than SI
      Reuter  -  65 words
    • Article
      CRUDEN LIFTS STAKE
      56 9 ADELAIDE: Cruden Investments Pty Ltd, the vehicle for the family interests of News Ltd chairman, Mr. Rupert Murdoch, purchased 1.88 million A 50cent par News Ltd shares on Aug 17. This lifts Cruden's stake in the company to 13.69 million shares or 43.4 per cent of its
      56 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      203 9 On TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. 3 1 X t I S X X ■9* Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty.
      203 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1733 10 BID and offer prices officially lifted and business in and reported to the Stock Exchange oTSinßapore yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified AJI Time Settlement Contracts are quoted after the world Waett." Big Board deal (In
      1,733 words
    • Article
      Government bonds
      142 10 4 1/2% 1/8/80 250.000) (99.608 99.658) 4 3/4% 15/9/80 (250.000) (100 008 100.10S) 5% 15/4/81 (250,000) (100.158 100 255) 5 V 4% T F 15/C/81-84 250.000) (102 40S) 7% 1/8/85 250.000) (100.708 100 858) 7% 1/8/85 (100.000) (1) 100.90 7 1/4% 15/4/86 (250.000) (100.75B) 7 1/4% 15/10/86 250.000)
      142 words
  • Article
    SHARE INFORMATION SERVICE
    2522 10 'I97H Hixh Low Company Last Sale +orGr'» Dhr Div C'vr Gr'i Yld Net P/E Vol C000) Day High Low SECTION ONE INDUSTRIALS 271 ~,23S •ill 260 83 -276 -32i '218 565 132 123* 112 133 195* 60 ■> 162 173' 140* 256 Acma Alcorn Allied Choc BAT
    2,522 words
  • Article
    Unit trusts
    151 10 SINGAPORE UNIT TRU8T INCOME BOND UNIT i Miu|m' price hr Aug 2V) iLurrvBi p 1.07 1.13 The Commerce 2.42 2.57 INCOME BOND The Saving Fund S pore Prof Fund S pore Security Fund 1.52 1 61 1.17 1.24 MARA BUMIPUTRA FUND 2 04 2.17xd < Manager* price* First
    151 words
  • Article
    In Kuala Lumpur
    1862 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. INDUSTRIALS Alaam (J. 458 2.488) <1) 2.42 (9) 2.45 (1) 2.90 (1)
    1,862 words
  • Article, Illustration
    Bulls still on the rampage
    865 10 BARRING a few hiccups now and then, the bulla were still having their way on the Stock Exchange of Singapore yesterday. The banking sector, in particular, came alive with buying activity after a somewhat hesitant opening. On balance the market finished with more gains than
    865 words
  • Article
    Record trading volume in KL
    709 10 AN all-time record high in trading volume was recorded on the Kuala Lumpur stock market yesterday when turnover soared to a hefty 11.63 million units worth M 530.34 million. Yesterday's heavy trading broke the former all-time record of 11.33 million units worth In March 10.
    709 words
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  • COMPANY NEWS
    • Article, Illustration
      Rothmans faces another setback
      895 11  -  By ARTHUR NG SHRINKING markets and escalating raw material costs nave continued to put the brakes on a speedy recovery at Rothmans of Pall Mall (Malaysia). Consequently the company has now moved Into Its second consecutive year of decline with Its reported group pre-tax profit of
      895 words
    • Article
      DIVIDENDS ANNOUNCED
      270 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year M Oment Island and Pen Pan Electric S. Darby Usee Loan Stk M Tobacco Berjuntai L. Perak B. Kawat UOB Alex Hldga BaU Paper Prod Sel Prop Highlands and Lowland* Perlia Plant
      270 words
    • Article
      SCRIP ISSUES
      123 11 Company Particulars Ex Date Books Close Sentoaa Great Eastern Life M Tobacco Miian Fmilla Synthetic Resin* Faber Merlin Bonus issue of 1 for 4 Bonus Issue of 1 for 2 Bonus issue of 1 for 1 Bonus issue of 1 for 4 Rights issue of 1 for 4
      123 words
    • Article, Illustration
      Storm brewing at TDMB
      709 11  -  »y MANO SABNANI A STORM is brewing at Trengganu Development and Management Berhad (TDMB), a company which manages, maintains and upkeeps oil palm estates in the State of Trengganu. If the sub-lessees of about 4,602 hectares of estate have their way, TDMB may have to cough
      709 words
    • Article, Illustration
      API to sell Nylex
      473 11  -  By SUSAN BEVAN ASSOCIATED Plastics Industries is to sell the bulk of Its shareholding In Nylex (Malaysia) Sdn to a bumlputra company, Fawanis Sdn, because Its earlier deal with Selangor Dredging did not come off, the company explains in a letter to shareholders. This has turned
      473 words
    • LATEST RESULTS
      • Article
        UNITED Motor Works (Ma- laysia) Bhd:
        34 11 Group pre-tax profit of Mil.B million ($800,000) on sales of $78.3 million ($70.4 million) for the half year ended June 30, 1978. After-tax profit: $1.2 million (loss $900,000)
        34 words
      • Article
        Khong Guan Holdings (Ma- laysia) Bhd:
        31 11 Unaudited group pre-tax profit of M 51.56 million (<1.27 million) for the half-year ended June 30, 1978. Parent company pre-tax profit of $1.35 million ($805,580).
        31 words
      • Article
        Kamunting Tin Dredging (M) Bhd
        40 11 Pre-tax profit of $1.67 million ($l.Bl million) for the year ended March 31,1978. Net loss after taxation and extraordinary Item: $192,000 (profit $531,000). Directors recommend a first and final dividend of 12.5 cents per share.
        40 words
      • Article
        Southern Kinta Consoli- dated (M) Bhd:
        36 11 Group pre- tax profit of $12.5 million ($10.38 million) for the year ended March 31, 1978. After-tax profit of $4.38 million ($4.61 million). Final dividend of 70 cents per share.
        36 words
      • Article
        Sharikat Harper Gilfillan Bhd
        44 11 Group pre-tax profit of M 54.09 million ($2.81 million) on turnover of $223.5 million ($210.5 million) for the six months to June 30, 1978. Parent company pre-tax loss of $685,000 (loss $154,000) Interim dividend of 5 per cent less tax(same).
        44 words
      • Article
        Ambassador Hotel
        23 11 Pre- tax profit of $403,594 ($247,056) for the half-year ended June 30, 1978. Sales for the period: $1.98 million ($1.79 million).
        23 words
      • Article
        Public Bank
        28 11 Unaudited group net profit of M 51.74 million ($l.l million) for the six months ended June 30, 1978. Net profit for the bank: $1.13 million ($764,363).
        28 words
    • Article
      COMPANY MEETINGS
      167 11 PUBLIC Textile Berkad: AOM to be held at 1016, Mukim 1, Jalan Bahru, Pral, Province Wellesley, at 12 noon on Au(. 30. International Wood Products Ltd: AOM to be held at the Board Room, 2nd Floor, DBS Building, Shenton Way, Singapore at 11.30 a.m. bn Aug 31. Lower
      167 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      200 11 FOR AN INTERNATIONAL BANK The Singapore branch of a large international bank with a world-wide network of branches and affiliated banks is looking for the following personnel in its foreign exchange/ACU department: ?TW;IWI The successful candidate will report to the Chief Dealer but he will actively participate in foreign exchange
      200 words
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      Page 11 Advertisements Column 2
      935 11 PAN MALAYSIA CEMENT IVT*T .M». NOTICE OF -TTT. I'/J f a; a,7 TMTTN q i .Tt] NOTICE IS HEREBY GIVEN THAT the Fifteenth Annual General Meeting of the Company wilt be held at The Asean Room, Holiday Inn, Jalan Pinang, Kuala Lumpur on Thursday, 28th September, 1978 at IT.OO а.m.
      935 words
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  • Article
    Lock icon Steers take to the catwalk in Japan
    225 12 AP ftOS'J'RALIA'S first consignment of live cattle to Japan in more than four years has been shipped from Brisbane. The Cattlemen's bnion said in Canberra yesterday the steers would be rijaded at a luncheon for apan's biggest meat buyers, and several would be
    AP  -  225 words
  • Article
    Lock icon Precious little Tokyo and Bonn can do
    1047 12 EASING THE DOLLAR Reuter WEST Germany's Economic Minister Dr. Otto Lambsdorff thinks there is little scope for any Joint action Japan and Germany can take to ease the pressures on the US dollar. This opinion is reported by the Hongkong dally South China
    Reuter  -  1,047 words
  • Article
    Lock icon One-stop KL agency for investors
    188 12 Reuter THE MALAYSIAN government said that from Sept. 1, the Federal Industrial Development Authority would function as a one-stop agency to remove bureaucratic red tape which plagued investors all the way from obtaining approval to actual running of the industrial projects. Deputy Prime Minister Mahathir
    Reuter  -  188 words
  • Article
    China opens her doors
    145 12 CHINA HAS opened more than 100 cities, historic and scenic spots and major industrial and agricultural bases to tourism and has received about 300,000 foreign visitors in the first half of this year, Hongkong's two leading communist dailies reported yesterday. Ta Kung Pao and Wen Wei
    145 words
  • Article, Illustration
    Taiwan plans trade expo
    138 12 TAIWANESE businessmen are expected to hold trade exhibition of their goods in Singapore in October. The three-day fair is expected to be held at either the King's Hotel or Apollo from Oct 11 to 13. This is part of the country's move to promote sales of
    138 words
  • Article
    Tapping B'desh fisheries
    394 12 THE PRIMARY Production Department (PpD) will be sending a mission to Bangladesh to study Its marine and marine products industry. It will leave at the end of next month or early October. The team will assess the quality of the fish and marine products and look into
    394 words
  • Article
    Lock icon DEATH KNELL FOR LIFE EMPLOYMENT
    531 12 UPI THE JAPANESE employment system that has been as much a part of life as rice may be on the verge of extinction. Moves are afoot among giant trading firms and other companies to take a new look at the life employment system under which
    UPI  -  531 words
  • Article
    'No' to four officers in bank
    132 12 FOUR offices of the Asia Commercial Banking Corporation were yesterday told by the Industrial Arbitration Court they cannot be members of the Singapore Bank Officers' Association. In making his ruling, the court's president, Mr. Tan Boon Chiang, said both the association and the bank
    132 words
  • Article
    Lock icon Asean ministers to examine project rules
    161 12 Reuter ASEAN takes another step to get the industrial comptementation programme underway when its economic ministers meet in Manila late next month to examine rules to govern specific projects. The Philippine Industry Ministry said yesterday Asean is trying to establish an orderly scheme for
    Reuter  -  161 words
  • Article
    PEKING ACCEPTS PRIVATE LOANS
    115 12 CHINA, in a bid to boost trade, has officially accepted private Japanese loans, ending its traditional stance of self-suffi-ciency. Mr. Susumu Nakamura, vice-president of the Ex-port-Import Bank of Japan, who visited China over the past month, said Chinese monetary officials formally told him they wanted to
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  • Article
    Back to normal soon
    56 12 TELECOM technician union leaders yesterday announced they will recommend the lifting of all work bans on Australian telecommunications to mass meetings of the rank and file In all states today. This means that normal working operations will resume on the telecom network by tomorrow and the
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  • Article
    JAL's custom gives further lift to CIAS
    551 12  -  ly SIVA ARASU JAPAN Air Lines, the largest airline in Asia, has become the first international airline to join the newly-formed Changi International Airport Services (CIAS) as a non-share-holder customer. CIAS, formed In midFebruary this year, is a joint venture ground handling company
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  • Article, Illustration
    MAS appoints new banking manager
    357 12  -  Br SOH TIANG KENG THE POST of manager for banking in the Monetary Authority of Singapore has changed hands. Mr. Francis T.Y. Yeo has taken over the post from Mr. Tang Wee Lip, who has left for the United States to attend a one-year management
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      316 12 COURAGE CONFIDENCE LEADERSHIP f DALE CARNEGIE 10 ways the Dale Caraegle Course helps men Ml women: Acquire pots* and confidence Speak effectively Sell yourself and your ideat Be *1 your best with any (roup Remember names think and speak on your feet a Control fear and worry Be a better
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      262 12 All he needed to ex was a financial pand* Do you? A paper products manufacturer had to increase its production capacity to meet market demands Bui it meant moving to bigger premises, increasing his overheads and level of inventories. He needed additional operating cash to stabilize cash flow and provide
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  • Article
    SHIPPING TIMES
    4147 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destlnauon the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. t CtOMttiUH StuDakh has a faint arrtrruftßMnl
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      289 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents: Barber Lines Singapore Pie Ltd Harrisons Crosfiatd Kuala Lumpur Pernas-MISC Panang Tat: ***** Tat: *****/59 Tal: ***** AUSTRALIA SERVICE P. Kotang Singapore Loading for MAYCARP 3/4 Sopt 1/2 ADEL, MEL. SYD PARADISE MOON ...15/16 Sopt 17/U Sort ADEL. MEL. SYD YUE
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      447 13 TRANS-CLINE E*press (uli container service to/from European inland destinations with 21 days transit TO EUROPE CHAI VMtCE 3 Serf THAN* VAREE V 7/W Sept MERRY VIKING V 7/W 29 Sept FROM EUROPE Merry V.kin{ tf.7 27 S«X Muncester Cwttt V.I .9 Oct AU VESSELS ACCEPTING FOR/FROM Antwerp Bn*4 BrfP|M/ C»pinNni*
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      348 13 yggL ANHSING LINE tttvu* semi cohtainea line* stwia S pan P l«M| Pmuh| Im*ih tar UNION AUSTRALIA 31/2 29 Aa« MM UNION JCDMH t/ISo* MM ANKSINC 15/19 MM LORD STEAMSHIP CO. S.A. TAIWAN STRAITS TAIWAN EIPRESS LINER SERVICE S rO«t P KELANG PENANC TAIWAN LOONHSIWG 2/1 So* t/tUp* 7/9S«pt 15
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      151 13 NOTICES GULF SHIPPING LINES M.V. GULF PROSPERITY arrived: IS-8-78 from Bombay at Gdn. 302 Pafir Panjang Wharf General survey on damaged cargo ex above vessel will be held on 31st August 1978 as from 9 00 a.m. to 12.00 p.m. No further survey will be held. AfeaU: SHARJAH SHIPPING (S)
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      0 13 ='']^)-%/'?.\/%@~>|*?.*/'__!$_?
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      893 14 FUILT CONTAINERISED TO EUROPE HwifkMf E i press Kitwo Mini Kowloon by Trtro EXPRESS CONVENTIONAL TO EUROPE Spcrt MMn| Pw Bitb. HimmMu 5/9 30/ HoMmtmi 12/9 l</9 5/1 Bxhemtem 29/9 30/9 FrwMftttin 14/10 westu*• 13/n Munttffland 30/11" 30/9 23/9 6/10 14/9 5/10 1/10 12/10 30/9 l'"0 29/1 C 4/10 31/10
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      363 14 Marti Lafcuan Neit Armat "MENCSTHCUS" 11/1 To: US ATLANTIC US GULF EAST CANADA I No* 7 Dull No. 11 No, 20 Not 14 Not 15 *#,25 Ro, 20 Sept 19/13 Stpt 16/22 Oct 3/4 Sop« 8/9 S«p* M/ 2 No,l Oct? Not 6 I Oct3l Not 11 I Not 6
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      548 14 LAND" U.S.A./ ASIA SERVICE DRY REFRIGERATED CONTAINS* SfWtCf SAILING EVERY WEDNESDAY FOR PORTS I* USA. CAMAOA. CARIBBEAN IVAN. (OKI TAIWAN HONS KONG. ntAILANO AHO NUMB DIRECT SERVICE TO MID EAST DRY/ REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN, MUSCAT, DOHA, TEHRAN, ESFAHAN AfITH FLOOR HONG LEONG BIOG 16 RAFFLES
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      973 14 Everett Lines H Burma Five Star SHippini Corpn. 5 \Mk "BURMESE NATIONAL LINE" LOADING FOR RANGOON RBSSUSS B.F.SS.C. Agents in Malaysia: TEPS MALAYSIA Pert Kelang Tel (38) 7355 Penang Tel *****/***** Compania Argentina Oa Navagacion S. A. C.I. F. i "ARGENTIf... NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUfNOS AIRES I
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      690 14 M 'A /A /A A I RI) IM I \I i Orient Overseas ConicuieA Line omental researcher m NEPTUNE CORAL ft CHEVALIER PAUL UK CHEVALIER RO7E lON NEPTUNE PEARI 11R MERCATOR M ORIENTAL CHIEF IRR HKORG CONTAINER 12* All »csseh call Bremerha?en after Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA
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      1075 15 OCL Overseas Containers Limrted i; CNTUKBSI? SERVICE TO N/CtNTIROIT: MMKOM EIPOESS MUNO MARU KOWLOON lAT TUTO UT OENALOER CAROICAH MY tin Of EOINOURCH •SAM MT OfNAVON MKKONC EtfKU Hturt S'Dore P. Kelaaf D'aark In 1 Sept H S«»t 111 4 Sept 14 Sept 2S 3 11 Saot IS Sept 4
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      1000 15 AjartsenncecffaLineGteßmelG^ljrieandNSMO i» H/cMmn (TO i 21/29 sapt a i Oct BENCRUACHAN Te HI Sl* WT] 22/24 tat t» Bet Lena**. Oiiteo, Aautefdae Hall II Na* leuoes. Bilbao, AoislcAM Hull LYCAON T]/M Sept LAERTES 12,11 Oct lAcceptieg caataiaers M breakbal* cart*) M« UK CONTINENT (Via tmO Sails Eu-op* Penang REHCRUACHAH Sail**
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      1132 15 BEN LINE rm I H'BURC p'MAVEN I DAM NAm SOTDM 1 I|HI" p. kalaa* I W. Ctnumf/lttui* awiii fraact All U.K. ScM>«M Ant«tr» Bit Brtaci Eafrits ***** Kill Tttja It) IfuMtr IkiM Man IIU E Ktll nohcionc eipness 1 s«n mm xtw nmi nmt mm KITANO MAIU «mi I* Sift
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      938 15 Scan Dutch 9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA feelei from P. *elan« Vessel S pore 1) Mseilles 2) Rum 31 Hburf Gburj riAHCtSC. rtTUU 11/ I 11/1 11/ I 22/ 9 EUUNI 2/ INIItM 19/ I 11/ 9 21/ I 29/ I 1/1* ELEAHOIA 1?/ Ml
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      580 15 GUTHRIE BOUSTEAD S^ c s THE BANK LINE LTD LIAR FOR E l S. AFRICA *AN tEOttt i Mauritius. Reunion Du'bJf E. 1., P.C., r»P*to»n) Kuantan In ft, I Sep S'pore 1/ I Sit P Ktiang 111 Se» ft* (U1 a SMITH VIKI FN lUUK. BAKU *fSSII Pe fling p.
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      927 16 K LINE KAWASAKI KISEN KAISHA. I TO aaoMßsmma to nmen w S'oore P. Kelaog I.Haw* H'bari Bremen R'dam A'«n RESEARCHER 3W II An 1 S«p« M M Sjjt 23 24 21 Sep NEPTONE CMULIV 13 Sift 15 Sept 3 Jet 5 Jet I Jet I let II Oc CHEVALIER Pin.
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      1075 16 U.S.A. I EAST CANADA SERVICE ACCEPTINS FCI/ICI CONTAINERS FROM KUNC. f. HUM. S PME Laatiag tor: NORFOLK NEW VMM. NAHM*. ST. MM Prnaitf 6«lnrin P. Kelang Smgaoore"visnva Ti«r- (Nisi 20 set) is/»stft »/H stft 2V2S sett E.C./GREAT LAKES SERVICE lMta| Mr NORf OLf. HE* TOW. I4OWTWAI. TMMT*. ASNTAONLA. •imtT. CWMI
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      978 16 K. NOL NEPTUNE ORIENT LINES LTD -FULLY CONTAINERISED SERVICES: t» amm. pru mar S port P. KeUnc S'hwptM HWf •nm. ORIENTAL RESEARCNERi 11 Aa( 1 Sept US* 22 Sept 23 Sept NEFTME CORAL 13 Sept 15 Sept Ikt 5 let I let CMtVALIEB PAUL 21 Sept 22 Sept Ikt 12
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      636 16 IWi], MAI+YSIAN INTERNATIONAL SUPPING CORPORATION BtRHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/COHTINENT/SCANOINAVIA fft*( *>iim vetsei FIMHSU inMimiu tIUMOA 1/ MMIIH rwi 1) Mjeilie? 2> **m a ttoarg 4) Oaff FRAMCtSCA 8/ EUAMBBA 11/ H. NOUIMAN 11/ t FRAHCESCA 8/ 1 IBTtAMIA nuim m i oiift UtM) L Ms«k 4) ni
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      751 16 INTRASEA (PTE) LTD .itn-r Hnusc jIE O'Ch.i'C R- 1(1 Smqapo'fTplepMon»- jStbl l jS4OSr jro tAtiA-um scw/nu cmtajnh sovke to imn IRISH Ml IVI la Pari S«|M H"burg/I'da<a Boulopac. MUSI* *(17 IB Sapt 22 S«ft 2CSapt H Dor, R sim A «er ß NOBASIA mil It S«« 1 let S'hampton Marseille^
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