The Business Times, 31 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 31, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Garuda expands
      48 1 Reuter. JAKARTA, Wed. The Indonesian national airline, Garuda, is expanding its fleet with nine more aircraft being ordered from the United States. Airline sources said seven DC-9s and two DC10s, expected to start arriving here from May next year, are worth US$l5O million (***** million). Reuter.
      Reuter.  -  48 words
    • Article
      Americans interested
      27 1 BANGKOK, Wed. A group of American companies has expressed interest in Investing about 10,000 million baht (551.15 billion) in telephone and telecommunication equipment in Thailand.
      27 words
    • Article
      Lock icon It takes more
      58 1 Reuter. Economic recovery in industrialised countries will not be enough on its own to help developing countries Improve their living standard. Mr. Gamani Corea, secretary-general of the UN Conference on Trade and Development (Unctad), told representatives of the major trading nations here the problems facing the world
      Reuter.  -  58 words
    • Article
      Lock icon JAL flights
      85 1 AFP. HONGKONG, Wed. Japan Airlines president Shizuo Asada said that his company will operate up to 300 inclusive charter tour flights to Hongkong soon if governmental permission Is obtained. He said that until now charter regulations in Japan had only permitted what are termed "own use" or "affinity
      AFP.  -  85 words
    • Article
      Lock icon Friendship bridge
      55 1 AFP. HONGKONG, Wed China has given yet another indication of its softening stance toward Taiwan. The independent Tin Tin Daily News, a Hongkong newspaper, quoted a Hongkong merchant as being told by a veteran Chinese communist that China hopes Hongkong merchants would exert themselves in a bridgebuilding effort
      AFP.  -  55 words
    • Article
      Lock icon Swiss link
      49 1 AFP. WASHINGTON, Wed. FBI agents are probing a "Swiss connection" in the disappearance of millions of dollars from United States government building contracts. The agents are visiting a number of Swiss banks, hoping to trace large sums corruptly received by employees of the General Service Administration. AFP.
      AFP.  -  49 words
    • Article
      Lock icon Port Klang plans
      55 1 Reuter KUALA LUMPUR, Wed. Malaysia's Port Klang is planning a multi-million-dollar programme to Improve Its container handling facilities. A Port Klang newsletter said today the plan under the container terminal rationalisation scheme would include the extension of the container yard at first by 12 hectares, and another
      Reuter  -  55 words
    • Article
      Lock icon Dow Jones
      83 1 UPI. NEW YORK, Wed. Stocks headed lower early today in reaction to a hike In the prime rate that put the key lending charge at a 3y»-year high. Trading was active. The Dow Jones Industrial average was off 1.29 points to 878.89 around 1500GMT. Declines led advances, 625
      UPI.  -  83 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      127 1 Rises Hone Leong 436 UOF 386 C Sugars 354 Sim Urn lfifl +64 +24 +16 15 13 12 Most active Haw Par 1,175,000 Faber Merlin 894,000 Sim Lim 573.000 Fed Cables 160 Total Turnover: 8.18m C K Tang 245 Total Value $17.38m Haw Par 226 12 (Unofficial
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    • Article, Illustration
      In Kuala Lumpur
      201 1 Rises Most active Hong Leon« 4.20 lastlefleld 12.30 YeoH.S. 3.66 lonsplant W'nt 5 go Sim l.im 1 .94 .40 .26 .20 .15 .15 F Merlin 1.610,000 Haw Par 1,127,000 UOL 791,000 Sim Lim 734,000 Total Turnover: 11.11 m Haw Par 2 33 Total Value: MS27.30 m K.
      201 words
  • Article, Illustration
    Amos Dawe flies into arms of FBI
    795 1 SOVIET AGENTS AFTER HIM? SINGAPORE-born financier, Amos Dawe, former chairman of the Mosbert Group, was taken into custody by the US Federal Bureau of Investigation at San Francisco on Tuesday. He faces International charges on bank fraud Involving political intrigue and more than
    795 words
  • Article
    Desk at each other's bank
    254 1 ASEAN bankers may have found a cost effective alternative to setting up expensive representative offices in each other's territory. Bankers are watching with interest a new arrangement soon to be carried out by Bank Bum! Daya of Indonesia and Bank Bumiputra of Malaysia. The two
    254 words
  • Article
    Tatsuki starts trial production tomorrow
    495 1  -  ly JOHN LIM THE FIRST plant in Singapore, and probably in South-east Asia, to manufacture medical products such as hypodermlc syringes and Intravenous tubes will begin trial production tomorrow. Tatsukl Medical, a $4 million Japanese Investment, has been awarded five-year pioneer status. Apart from the
    495 words
  • Article
    PCI invests more
    276 1 PRINTED Circuits International (PCI) announced yesterday that additional investments are being planned. Initial investments will be about $2 million and the products manufactured will be used in industrial Information systems. The company, a US manufacturer of printed circuit boards and liquid crystal displays (LCDs), has invested some
    276 words
  • Article
    Exchange moves to cool over heating tendency
    258 1  -  ■r CHAN BONG SOO THE authorities are apparently viewing with concern the overheating tendency that has been developing on the Stock Exchange of Singapore (SES) in recent weeks. Only two days ago, the SES sent out private circulars to member firms advising them
    258 words
  • Article
    SES reminds takeover parties of Rule 31
    506 1  -  By ARTHUR NG THE Stock Exchange of Singapore has reminded the two parties in the takeover tussle for Singapore Finance of their obligations to announce any further purchases of SFL shares that they may make in the market. This is required under Rule
    506 words
  • Article
    Lock icon MAS BUYS AIRBUS
    70 1 Reuter. THE Malaysian Airline System (MAS) announced yesterday It would buy three European Airbus A3OO aircraft to replace its present fleet of Boeing 707. MAS will take delivery of the aircraft next year. The total cost of the order, Including engines, spares and related equipment, is estimated
    Reuter.  -  70 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      2 1 AKAI t
      2 words
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      Page 1 Advertisements Column 2
      43 1 Samsonite creates OMEGA F- )iv, the Mirjh p^r 1 >rrTi rt ic»» mtr-nor t, *io r ~_il des' i r i becomes a r vr- ~a in Omeqa S' Omeqa. arv! ,oi 1 li. /.ant to ow it Samson ite Eastern Agencies i
      43 words
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      Page 1 Advertisements Column 3
      67 1 ijmkds SHIPPING TIMES TIN supply outlook stays TRADING with sen-like gloomy 2 patience 7 PEOPLE In business 2 SES policy on corporate disESSO't new buy for B'poce-HK li; run .77 5 MALAYAN Credit's perforMALAVBLA is winning on the SoWTHrtTAifi? 1 I^arket' economic front 6 .7.. 12 MEMOPAD 2, CROSSWORDS 2,
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      Page 1 Advertisements Column 4
      359 1 BANKMNLU SAFE OEPOSrr SAFE wv- '=»hri»= r AKAIPRO; Nowadays we can't think of a batter way to present a quahty sound system than the Pro I. The audio experts at the Akai laboratory studios in Japan have selected five top components and neatly fated them mto a upright sht V
      359 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Hydroponic strawberry
      256 2 A COMMERCIAL hydroponic strawberry farm is in production in Australia. The strawberry-growing venture is at Huntly, a small agricultural town about 168 km north-west of Melbourne in the State of Victoria. Mr. Doug William and his wife Elfi inherited a 40-hectare property several years ago, but it was
      256 words
    • Article
      Lock icon Japan's steel price hits all-time high
      308 2 AFP. Reuter. THE average export price of Jaoanese iron and steel-products in July hit a new ail-tlme high of US$4O6 (*****) per tonne. Steel industry sources In Tokyo said the figure (FOB, Japan) was slightly above the previous high of $404 recorded in the
      AFP.; Reuter.  -  308 words
    • Article
      Big electronics seminar and show next month
      261 2  -  By TSANG SAU YIN A MAJOR electronics exhibition and seminar, Internepcon South-east Asia 78. will be held at the Hyatt Hotel early next month. A large number of electronics companies from the United States and Japan are exhibiting their products here while speakers
      261 words
    • Article
      Lock icon Seoul to build its fifth oil refinery
      178 2 AFP. THE SOUTH Korean government has decided to build an oil refinery with a dally production capacity of 150,000 barrels In a Joint venture with a Kuwaiti interest. Energy resources ministry officials said that construction of Korea's fifth oil refinery would start, at
      AFP.  -  178 words
    • Article
      Shortfall in tin supply won't end this year
      645 2 THE world would continue to face a tin deficit this I ear, said the Malaysian flnister of Primary Industries, Mr. Paul Leong Khee Seong. The ministry's study of tin figures, essentially those of the International Tin Council's (ITC), Indicates that there would
      645 words
    • Article
      TEXTILE EXPORT PACT EXTENDED
      225 2 THE United States and Japan have agreed to extend by one year their bilateral arrangement governing Japanese exports of cotton, wool and manmade textiles to the United States. The Japanese Foreign Ministry announced on Tuesday that notes to this effect were exchanged between Japanese Ambassador to
      225 words
    • Article
      Flour mills to open
      85 2 FLOUR and feed mills built jointly by Sabah and Sarawak at a cost of Ms 32 million will begin operations next year. Government officials said the mills were financed by a loan from Abu Dhabi, and machinery for them worth $10 million was bought from Switzerland.
      85 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      193 2 THE GETZ Corporation has appointed Mr. Ray Simkins as director of Its general engineering division with responsibilities covering Singapore. Malaysia ana Indonesia. Mr. Slmklms, a mechanical engineer, will be based in Singapore. After working for Chrysler Corporation In the US and UK, he Joined Oetz in 1966
      193 words
    • Article
      Lock icon First rice harvest is a bumper of bumpers
      244 2 AFP, Reuter. TAIWAN'S first rice crop this year yielded a record 1.34 million tonnes, resulting in a 10,000-tonne surplus over the production target. The Taiwan Provincial Food Bureau reported that the planting of seedlings for the second crop is almost completed. The
      AFP,; Reuter.  -  244 words
    • Article
      Lock icon ASIAN AD CONGRESS
      132 2 AFP MALAYSIA Is sending a 40strong delegation to the 11th Asian Advertising Congress in Manila on Nov. 15. Datuk James Peter Chin, the communications manager of Dunlop Malaysia, was unanimously elected by the Association of Accredited Advertising Agents, the Oulld of Film Producers and the Newspaper Publishers'
      AFP  -  132 words
    • Article
      Malaysian Customs' tin haul worth $2.8m
      196 2 THE Mnlavsiaa Customs and Excise Department seined 1,681 piculs of tin valued at M 52.78 million between January and June this year. Duty on the seined tin is estimated at over half a million dollars. The outgoing director-general of the Customs Department, Datuk Hajl
      196 words
    • Article
      MEMO PAD
      380 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 29-Sept 1: Business forecasting, SIM, SIM Sept 1: Personal income tax In Singapore, Cultural Centre, University of S'pore Sept 1-Oct 6: A practical approach
      380 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      278 2 'Deuefafi COURAGE CONFIDENCE LEADERSHIP DALE CARNEGIE Acquire pent and confidence Speak effectively SHI yourself end your ideas Be at your best with any (roup Remember names Think and speak on your feet Control tear and worry Be a better conversationalist Develop your hiddon abilities Win a better |ob.more income THE
      278 words
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      Page 2 Advertisements Column 2
      152 2 i 9 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
      152 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      589 2 TWO-IK-ONE CBOSSWORD CRYPTIC PUZZLE ACROSB 1 Not a proper letter-opener (5) 6 Where the OAS exists? (5) 9 Master's trouble with a dog < 7 > 10 Ticklish swimmer? (S) 11 New on TV? (5) 12 Olft of pounds. In an average case? (5) 13 Attentive to see that the
      589 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      1025 3 s. K: MM M MIM M« MM MM MM M« ar BANQUE NATIONALE DE PANS (Incorporated in France with limited liability) Head Office: 16 Boulevard des It aliens 7S4SO Paris Offices: Branch in Singapore; representative offices in Jakarta, Kuala Lumpur and Thailand; and Offshore Banking Unit in the Philippines. BALANCE
      1,025 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      397 4 THE Singapore market yesterday closed slightly lower with September One RSS buyers quoted at 238.00 cents per kilo, down one cent from Tuesday's close, dealers said. The afternoon session gained some ground on China acceptances before easing slightly towards the close. Sellers were reserved, they added.
      397 words
    • Article
      RAS PRICES
      335 4 H A S prices in cents per kilo yesterday: Noon (per kilo) Clow (per kilo) Int 1 R.S.S. prompt o b Int 1 R.S.S. Sept Int. l R.S.S. Oct Int. 2 R.S.S. UK/Cont. Int 3 R.S.S. UK/Cont Int 4 R.S.S. UK/Cont Int 5 R.S.S. UK/Cont. Buyers 237.28 237
      335 words
    • Article
      SSR AND SMR
      106 4 NOON SSR and SMR prices yesterday: September October HAS (Current Mtk) (Forward Mtk) Buyer* (cental Mien Buyers Seller* NT kg) (cents per kg) SSR 20 (1-ton pallet) 215 00 217.00N 216.00 218 00N SSR 50 < 1-ton pallet) 213.00 215.00N 214.00 216 00N MKKLB SMR SCV (1-ton
      106 words
    • Article
      Closing prices
      31 4 Rubber: Aug 30 Singapore: Sept 238.00 cents (down k cent) Malaysia: Sept 244.25 cents (down 0.25 cent) Tin: M$ 1,767 (up $2) Official offering: 320 tonnes (down 83 tonnes)
      31 words
    • Article
      Rice
      98 4 BANGKOK rice prices yesterday: US dollar* per tonne fob basis Bangkok: White Kief 100 pet Ist class 397. 100 pet 2nd class 3«2. 100 pet 3rd class 377. 5 pet 372. 10 pet 347. 15 pet 342. 20 pet 342. 25 pet 327 35 pet unq Brukcn: A-l super
      98 words
    • Article
      Produce exchange
      373 4 QUIET trading conditions persisted In the Singapore produce market yesterday with most prl«es moving sideways, so to speak. A cautious attitude pervaded the coffee bean market following the weaker trend In the overnight London and New York markets. As a result of the recent rush to buy In
      373 words
    • Article
      Hongkong comex
      217 4 The cotton market closed slightly firmer in continued featureless trading, with 22 lots traded. Trading was confined to December delivery, rising about 0.10 U3 cents on mainly local activity, they said. C*tum CUth: Indian Drm«on Head una, Japan (No 2023) 72.00. Bhlrtlnf 72.50, Hongkong Oolden Peak (80x60) 89
      217 words
    • Article
      SPOT PRICES
      84 4 YARN and cotton in Hongkong dollars, spot exgodown Cotton Yarn China Blue Phoenix 20 s 1.200. 32 s 2.500. 40 S 2.830 (per bale of 400 lbs Piece Goods China: Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq.
      84 words
    • Article
      Palm oil
      87 4 C.I.F North European porta In US dollars per ton unleas other* 1* stated LONDON Malaysia 5% ifa bulk per tonne October Sumatra 5% ((a August September October November December January Nigeria 5% ffa bulk stg Tuxday MO sir MO sir 620 sir 585/587 v. pOS 585 sir 570
      87 words
    • Article
      Wheat
      73 4 HEAVY commission house selling late In the session pushed Chicago wheat futures 4-1/2 to 2-1/4 cents a bushel lower at the close. After a late morning rally led by local traders, wheat prices slipped back Into the loss column on commercial selling. Declines accelerated when commission house stops were
      73 words
    • Article
      Zinc
      34 4 ZINC on Tuesday was mostly unchanged. The afternoon market was relatively steady initially but values later eased back under liquidation and some sto pi oss selling down to £324 on the late kerb.
      34 words
    • Article
      Lead
      26 4 LEAD on Tuesday was mostly up C 5.5 per tonne. Continued chart buying held the afternoon market steady around the €347 level for Three Months.
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    • Article
      Straits tin
      208 4 THE Straits tin price in Penang gained MS2 per plcul to $1,767 yesterday. Although there was a larger contribution of tin supplies from miners for end-month settlement and easier London levels, the market still managed to recover, helped by strong local demand and some supSort from the US
      208 words
    • Article
      Sugar
      234 4 THE London dally raws price was unchanged at €94 per tonne but the whites prices lost £3 at €101, possibly connected with Jordan's purchase on Tuesday of at least 35.000 tonnes of white sugar at around U*****.90 per tonne, traders said. Sugar futures declined on Tuesday afternoon Influenced by
      234 words
    • Article
      Coffee
      164 4 ROBUSTA futures ended the opening call yesterday slightly easier down €5 to £20 per tonne in London. Turnover was 335 lots. Values declined on lack of follow through buying after initial gains of around £13. Dealers said profit-taking halted the rise but dealer and commission house selling was readily
      164 words
    • Article
      Cocoa
      124 4 COCOA futures In London firmed against New York In late trading on Tuesday, to close around newly established highs for the day with on-balance gains of £33 to £45 per tonne. Limit rules are not applicable at the final call. Turnover totalled 4603 lots including one option and 2091
      124 words
    • Article
      Soybean
      81 4 A FLURRY of local shortcovering In the final hour lifted Chicago soybean futures to the days highs, but prices fell back again on profit-taking at the close. The market ended down five to IK cents a bushel, with the September closing 4tt cents off its peak. Traders said soybeans
      81 words
    • Article
      Copper
      366 4 COPPER wire bars on Tuesday lost £12 for cash and £10.5 for Three Months In London. The afternoon market sagged further under liquidation and hedge selling prompted by vie New York trend and the. relative strength of the US dollar. Three Months traded down to £751.5 on the kerb.
      366 words
    • Article
      Silver
      180 4 THE Hongkong market closed at HK5262.00 sellers per 10 ounces in continued thin trading with traders' Interest diverted to the nearby active bullion market yesterday, dealers said. Fixing price rose $3.50 to $262.00, while no trades were recorded throughout the day. Silver on the LME on Tuesday rose by
      180 words
    • Article
      Gold
      556 4 THE kilobar In Singapore opened at 5515,127 and closed lower at 5515,076. Prices were generally down from opening and the lowest level recorded at <15,025. The tone was quiet. Spot gold (or London delivery opened at U*****.60/ 207.00 and closed at $206.20/ 60. The highest and lowest of the
      556 words
    • MONEY AND EXCHANGES
      • Article
        Singapore market
        540 4 THE US dollar again opened lower than its overnight level on the foreign exchange market yesterday. News of the large US trade deficit brought the dollar down to close weaker against major currencies. Some buying support was seen on the Tokyo exchange but this was lost with the
        540 words
      • Article
        Asian $ rates
        213 4 Asian rates A8IAN currency deposit interbank rates as at cloae on US Mis in (8»ot) 7 days .7 3/6 7 1/4 1 mth .7 3/4 7 5/8 2 mths e 3/8 8 1/4 3 mths .8 ivie 8 11/18 8 mths 0 1/8 6 9 mths 9 1/4 9 1/8
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      • Article
        Discount
        48 4 RANGE of price* offered by discount houses on Auc 90: Overnight 2 JS% Call deposits 3S* 3HS dottai Buying Seltiaf 3-month Treasury bills 3»/l« 3 7/16 3-month Bank bills 6 3/16 61/16 3-month CD 61/2 6 3/8 6-month CD 6 5/8 61/7 Source: National Discount Co Ltd.
        48 words
      • Article
        MLR
        14 4 THE await rate at which Biafap«r« banks art currently prepared to Imd to
        14 words
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        Frankfurt
        8 4 i;MCl .1 1 TT m IjL. iflV
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        Treasury bills tender
        41 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for the following Treasury bills: $290 million 91-day bills to be issued between Sept 5 to Sept 8. Bach tender must not be less than $250,000.
        41 words
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        New York
        286 4 THE dollar on Tuesday staged a sharp retreat to close well off its opening levels, primarily on news of a significantly larger than expected US trade deficit for July, dealers said. They said the report of a U552.99 billion deficit, which compares with a $1.6 billion shortfall the
        286 words
      • Article
        London
        116 4 THE dollar yesterday was generally depressed against major currencies In opening trading, extending the lows reached on Tuesday after the massive U552.99 billion trade deficit announced for July despite occasional profit-taking, dealers said. The market is very wary of position-taking after Tuesday's wide swings in rates and much of
        116 words
      • Article
        Tokyo
        172 4 THE US dollar for overnight delivery closed at 189.75 yen yesterday, up from a 188.50 opening, after falling briefly to 188.20, dealers said. After an initial plunge reflecting the higher than expected US trade surplus in July, the dollar recovered briefly to a high of 190.20 yen on import
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        Hongkong
        90 4 THE US dollar closed firmer than overnight levels In the US but slightly below the day's highest levels In thin nervous trading yesterday. The US unit Finished here around 189.30/50 yen, below Tokyo's 189.75 close but above 188.50/80 in California. It was quoted at 1.9870/90 marks, down from an
        90 words
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        Zurich
        56 4 ZURICH exchanges closing quotes on Tuesday US 1.0600-6630 Sterling 3 2118-2240 Can 1 4421-4475 D Mk 82.7431-63 1166 O 76.4616-7882 F rr 37 8766-36 0778 B rr 5.3417-2656 D Kr 29 8381-6361 N Kr 31 4026-5271 S Kr 37 2182-2300 Lit 0 1670-1679 Aus sch 11.4611-5036 Port 3.6167-6356 Spain
        56 words
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        Australia/NZ
        55 4 AUSTRALIA/NZ nchin|tt quotes yesterday U8 dollar 1 1539/***** Sterling 0 9*54/0 58*3 Ninety-day air mall buyln* rater Sterllnc 0 6142 US dollar 1.1*71 Ninety-day forward buying rates: Sterling 0 MM US dottar 1.1486 > NEW ZEALAND: Sterling 0 544J/0 5414 US dollar 1 0595/1 0495 Ninety-day airmail buying rates
        55 words
      • Article
        Euro $ rates
        71 4 Euro rates LONDON period Eurodollar deposit rates were adjusted lower because of the Friday dealing technicality yesterday. Trading was quiet and periods were down by as much as 3/4 point as for in- stance in One Month which stood at 7-3/4, 7-5/8. Shortdatea were also quiet but overnight rose 1/16
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      231 4 newspaper in Aa# Because we spend more money on making itthebestdaily source of Asian business news. The Asian Wall Street Journal is the only regional publication that provides Asia-wide business news every business day, as well as penetrating analyses of dte key international business issues of the day, as they
      231 words
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  • TRANSPORT
    • Article
      German shipping needs aid badly
      372 5  -  By PETER CHIA THE present crisis In the shipping Industry has forced West Germany shipowners to ask their government for an aid package. Their requests include direct subsidies on interest payments, government loan guarantees and halving of corporate property tax. Talks with the Ministry of
      372 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      176 5 UPI. A GOOD volume of fixing originated from the Far East as a result of the long weekend in the United Kingdom. On the grain front Continental Grain took a 30.000 ton loader for the haul to Kapan after spot loading at a much improved U5515.05 (FIO)
      UPI.  -  176 words
    • Article, Illustration
      SEA-LAND SETS THE PACE
      132 5 SEA-LAND Service, the international container shipping line, recently took delivery of the third in a series of four D-6 class containerships commissioned from Mitsubishi Heavy Industries. Christening ceremonies were held at Sea-Land's container ter- minal in Kobe, Japan. The new ship was christened Sea-Land Pacer by
      132 words
    • Article
      Lock icon CAB frowns on moves to merge
      368 5 Washington Star. THE US Civil Aeronautics Board (CAB) says Federal approval of a hostile takeover of National Airlines and a regional carrier merger could unleash a wave of uneconomic and anti-competitive mergers and acquisitions. The CAB has issued its strongest statement yet on the
      Washington Star.  -  368 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      716 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH671 0945 PEN/KUL MAS MH607 0845 KUL CPA CX710 1005 HLP RBA BI3Z3 1025 BWN GIA GA980 1030 HLP MAS MH605 1045 KUL
      716 words
    • Article
      Multi-carrier for Esso
      251 5 By RAHIM KASSIM ESSO has announced the purchase of a 120,000-dwt tanker costing about 523 million to be used exclusively for transporting multigrade products from its refinery in Singapore to Hongkong. Negotiations with the ship's former Greek owner were recently concluded. The vessel, however, will not be
      251 words
    • Article
      Lock icon Respite for air travellers in France
      354 5 UPI. WEST European air travellers encountered shorter delays yesterday, as the mid-week lull blunted the effects of a 10-day slowdown by French control tower operators, now In Its sixth day. Scheduled flights were delayed by an average of an hour at Paris' Orly-Charles de
      UPI.  -  354 words
    • Article
      TOKYO SEEKS CUTS IN FARES
      102 5 JAPAN will ask the International Air Transport Association (lata), to lower air fares from Japan in view of the steep surge In the value of the yen against the US dollar. The director general of the Economic Planning Agency, Kiichi Mlyazawa. told the Lower House
      102 words
    • Article, Illustration
      SHIPS IN PORT
      333 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Melatl (2300 after EsteUe Maersk sails) 33/34 Centaur (1330 42/43 Estelle Maersk (0600 after Junyo Maru) 33/34 Helden Helm (2300 after Lyudmllla Stal) 35/36 Ibn Bajjah (1200) 1/2 LCT Nego Loader (0900) 22 Ramoneverett (1100 after Cristobal Maru) 38/39 Vishva Abha
      333 words
    • Article
      Lock icon Korean yard builds 12 hospital ships
      107 5 AFP THE PUSAN Shipyard has Just completed the construction of 12 hospital ships ordered by Libya at a cost of US$4.l million (559.4 million), it was reported In Seoul. Each hospital ship, weighing 70 tonnes, is equipped with medical treatment and operating rooms as
      AFP  -  107 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      114 5 President's Nothing but the best w important man in the o nraefi/tiAili Nothing but the best will do for the most important man in the organisation. Henry has a prestigious "President Set" worthy of its title. In Rosewood, Walnut or Teak finish. Designed and crafted for the Chief Executive, the
      114 words
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  • Article
    A little restraint goes a long way
    244 6 THE stock exchange is to be complimented on having seized the opportunity to control any excessive splurge In the market. Its circular will go some way to ensuring that the strong growth in share prices in the past months will not be wasted
    244 words
  • Article
    A breather
    211 6 While the market needs a breather, it must be noted that any action taken is merely to prolong the feast and keep out the famine. For the stock market today rests on a fundamental base which is capable of justifying the prices now being quoted in the long
    211 words
  • Article, Illustration
    An economic upswing is on the horizon
    1557 6  -  MALAYSIA'S 21st NATIONAL DAY Malaysians can celebrate their 21st National Day today (Aug 31) with optimism and confidence in the future. Current indications are that the economic targets for the year will be met. Even the twin problems of inflation and unemployment, argues
    1,557 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      281 6 405/407 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. and Miss Erin Fong (Taiwan) treat you to a lovely evening of great sounds in just the right
      281 words
  • 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 30 at the airport: Maximum Temperature 32.5° C Associated Humidity 64 Minimum Temperature 24.5° C Associated Humidity 93 Hours of Sunshine 8.95 Rainfall in Millimetres Trace Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      272 6 RADIO SINGAPORE 5 3.00 PM Opening announcements followed by Birds Born Not To Fly O 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin with English subtitles A Mandarin drama serial (Repeat) 4.20 Intermission 6.00 Opening announcements followed by Hazel 6.30 News in Brief 6.35 Felix The Cat
      272 words
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  • Article, Illustration
    Patience IS a virtue when doing business with the Japanese
    1423 7 Singapore's exporters, like their counterparts elsewhere, have complained long and loud that Japan is a difficult market to break into. But some of the problems are not insurmountable. Mr. Adnan Ramly, commercial attache of the Department of Trade, has compiled
    1,423 words
  • Article
    STRAWS IN THE WIND
    509 7 THE Development Bank of Singapore (DBS) has practised the ideal of democracy admirably. It allotted the newly-floated shares of its subsidiary. General Securities Investments, to everyone of its workers, including the office boys. Unfortunately, sharks within the bank moved in quickly and bought the allotment certificates
    509 words
  • Article
    The concept of collective responsibility
    903 7  -  [FORUM r ...on management »y MASAAKI IMAI EACH year between Aug 7 and 21, practically all Japanese are glued in front of their TV sets. The Japanese are known to be very fond of baseball games, and during this period, there are the final rounds
    903 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      333 7 N V h* 1 I y.. i ttfc >rf New Japanese Restaurant KlKU^p serving authentic Japanese food I Tej pan Yikki *Temfxira Shashimi *Sukiyaki *ShabuShabu 1/11/11 JAPANESE IVIlVti RESTAURANT OPCHID INN Tel *****2 214 Dunearn Road. Singapore 11 You U fcaat like royiJrv at the Rang Mahal. Palace of Coioun.
      333 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      81 7 BriStoW-.-F^n^Dicie^l ...WO NOjd ft TCftFFC □0 r rootoßiSTS ON NORTM6OUND CP»R£lftG£u*Y/ fttte ftDViseo of ft Five ™vi£. -nRRff\C Jfvn CftUSGO J 6v ft V LORRV OV€J?TOCNW&... J Pffc tvees south ftfle u>p«Ngo i OF ft Two rrMte Tpnu- BftCtf ObJiNO TOP* CKSTefc-flEfcfcV LOWm WHICH Mfts Jf\CXN\Fed moTOSvSTS PWiHG Foe THE,
      81 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Trading heavy
      597 8 TOKYO INSTITUTIONAL Investors started to take an active stance yesterday, since It was the second trading day for delivery next month. The market was bullish on heavy trading centring on smalt- and medium-sized steel and wire Issues. However, ex-port-related issues closed lower due to the appreciation of the
      597 words
    • Article
      Hongkong
      388 8 VOLATILE conditions returned I vXSftterday as local Investors ■I jumped in on the back of the HK Wharf price and rumours of large property deals. Sellers were only small and prices shot up In early trading with interest centred on blue chips for a change as heavy from speculative
      388 words
    • Article
      Manila
      152 8 THE market closed higher with all sectors posting gains. Turnover, however, fell to 13.11 million pesos from Tuesday's 16.41 million. Gainers were Atlas Con B, Baguio Gold. Benguet Con B. Lepanto B. Pogei. Seafront, BF Goodrich, Meralco and San Miguel B Phil Overseas lost ground while Acoje Mining, Phllex
      152 words
    • Article
      Sydney
      367 8 A RECOVERY by CRA from a sharp fall in yesterday's early trading, and losses by BHP and uraniums were the main features of a quiet but generally firm market. CRA fell 18 cents to an early A 53.25. but recovered to clos at $3.42, a one-cent fall. Carr Boyd
      367 words
    • Article
      Bangkok
      267 8 THE slock market closed mixed yesterday, with the Book Club Index falling 0.57 points to 165.48 on turnover of M.9 million baht, dealers said. First Trust dropped four baht to 284, Slam Credit, Jalaprathan Cement and Slam Cement two each to 282, 285 and 486 baht respectively. Slam City
      267 words
    • Article
      Wide deficit drags prices down
      1186 8 NEW YORK A WIDER than expected July trade deficit pushed stock prices broadly lower on Tuesday In moderately active trading for the second day in a row. Analysts said a slowing of consumer price Increases in July. almost entirely due to a drop In volatile
      1,186 words
    • Article
      Toronto
      203 8 AUG n a Abltlbl 15* unch Alcan 35* Algoma 22S Bank Mont 23S -S Bank Nova Scotia 21% Bell Tel 58'* unch Beth Corp BP Can Ltd 16S Brascan 1# -1 Camp Red Lake 43 2* Can Imp Bk 28 -S Canpac 22* Canpac Inv Pf 16B unch Carltnf
      203 words
    • Article
      Johannesburg
      343 8 GOLDS generally were harder In line with higher bullion Indications on Tuesday. Oalns ranged to 50 cents while trading was thin and almost entirely on local account. AUG a Rand INDUSTRIALS A Alpha 123 -7 Abercom 205 5 AE And CI no unch AMIC 1000 unch Barlows 427 ♦7
      343 words
    • Article
      Zurich ends mixed
      307 8 EUROPEAN MARKETS ZURICH prices on Tuesday were mixed and the sharp decline in New York prices had little 1mpart Swissair was little changed. The company reported slightly lower earnings for July. Banks remained generally steady. Elektrowatt firmed sharply on active demand ahead of a press conference by
      307 words
    • Article
      Zurich
      186 8 AUG Francs Actions Sullies 264 5 unch Alusulase Br 1180 unch Alusulsse Reg 911 -2 Brown Boverl Br. leis 10 Clba Qeigy Br 1000 40 ClbaOetcy PC 780 ♦5 ClbaOelgy Reg S«8 4 Credit Suisse Br 2250 unch Credit Sufeje Reg 417 •1 Bektrowatt Br. 1840 ♦45 George Fischer
      186 words
    • Article
      Amsterdam
      211 8 AUG ns ABN 375 00 -1.5 Ahold 113.80 -05 35 00 -0.1 AMEV 88 80 +0.3 Amfas 117 50 +0.5 Am rot Bank 81 00 -0.7 Bergoss 88 00 +3 Berk 100 00 -0 8 Bo Is 78 40 -0.1 Borsumij 171.00 -2 Burhmann 75.90 -0.1 Byenkorf 100 50
      211 words
    • Article
      Frankfurt
      225 8 AUG 21 Dm Aef-Telefunken 83.30 4-0.2 Akio 32 -0.1 Alii Leben 690 unch Allz Vers 488 -1 BASF 136 +0.7 Bay H T Wbank 288 unch Bay Vbank 327B Bayer 138 80 unch BBC 307 •0.8 BMW 222 -3.5 Cassella 397 -0.5 Chem Verw 289 -1 Commerzbank 228 -2
      225 words
    • Article
      Paris
      280 8 AUG r* Fr» CORBEILLE Air-Liqulde B S N Gervals Danone CSFCThomaonCsf) Cte Francalae des Pelroles Compa«nif Flnanclere Compagnle General* Credit Foncter De France 329 535 295 90 133 20 382 388 90 -4 unch -2.1 -0.8 +0.5 +0.7 Hachette (Llbr&lrie) 230 -4.6 Machines Bull 4S.80 -0.1 Michelin(B) 1329 Paribas
      280 words
    • Article
      Brussels
      95 8 AUG a Fr* FORWARD MARKET Acec 399 -4 Arbed 2480 -35 Astur 710 -2 Brascari 502 ♦2 Bru-Lamb 1550 unch Canpac 632 -14 Cock 474 ♦7 De Beers 223 1 Ebes 2290 10 Electrobel 6800 unch t Gb-Inno-Bm 2295 -5 Oev 1340 +2 Hobok 2560 -5 Petro 3825 10
      95 words
    • Article
      Milan
      100 8 AUG 2» Lire Ante 105 25 -a. 75 Assoc Gen ***** -140 Bastogl 662 Centrale 4200 -80 Flat 1965 -4 5 Finsider 170 +5 Gen lmmob 73 -1.5 IFI Pri 2320 -10 Italcementi ***** 120 I taigas 803 -7 Italsider 322 -8 Magneli M PI 479 -5 MarelliErc 336
      100 words
    • Article
      Selected indices
      60 8 FINANCIAL TIMES INDUSTRIALS Tuesday 505.8 Monday 95 to 95 V* H>i HANG SENG Monday 513.4 Week Ago 523.2 DOW JONES AVERAGE INDUSTRIALS Tuesday 880.20 SYDNEY INDUSTRIALS Wednesday 454.48 Tuesday 453 44 Monday 884.88 Week Ago 448.85 Week Ago 802 41 LONDON DOLLAR PREMIUM Tuesday 90'/* to 91 ALL
      60 words
    • Article
      CHICAGO BOARD OPTIONS
      1878 8 August 29 CHICAGO Board Options Exchange volume rose to 107,310 contracts on Tuesday from Monday's 97,766. OPTIONS OCT JAN A PL STOCK Alcoa 40 UNTRD 6 7/8 UNTRD 46 Alcoa 45 27/8 41/2 51/2 46 Alcoa SO 1 21/4 2 7/8 46 Am Tel 55 UNTRD UNTRD
      1,878 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      187 8 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics
      187 words
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  • OVERSEAS
    • Article
      Lock icon Japan buying more small cars from US
      733 9 NYT, AP. IT IS ironical but Japanese car makers are beginning to import the new generation of small cars built by United States manufacturers, all because of the growing protectionist sentiment in America. With Japan estimating its trade surplus in cars with America
      NYT,; AP.  -  733 words
    • Article
      Lock icon UNIONS DISCUSS CHRYSLER TAKEOVER
      161 9 AFP TRADE unionists from Australia, Britain, France and Spain, called to a meeting by the International Federation of Metal Workers (Flom), discussed in Geneva yesterday the situation arising from the French PeugeotCitroen motor group's takeover of Chrysler's West European factories. The unionists are worried -about the
      AFP  -  161 words
    • Article
      Lock icon Index today
      33 9 Reuter THE US Commerce Department said the Index of leading indicators, which had been scheduled for release yesterday has been postponed to today. No reason was given for the delay. Reuter
      Reuter  -  33 words
    • Article
      Lock icon GSA to sell 300,000 troy ounces of gold
      252 9 Reuter AMERICA'S General Services Administration said it will offer 300,000 fine troy ounce* of gold from the US government stocks on a sealed bid basis, at its monthly auction. Bids must be received by 1500 GMT on Tuesday, Sept 19, at which
      Reuter  -  252 words
    • Article
      Lock icon State governors air their dislikes
      296 9 UPI AMERICAN governors have called for a balanced Federal Budget, reimbursement for all programmes mandated by Congress, a share of any increased gas tax revenue in the Energy Bill, and a limit on foreign beef imports. The US National Governors Association ended their annual summer
      UPI  -  296 words
    • Article
      Lock icon Chinese oil for US?
      345 9 AP, AFP CHINA is discussing sales of its crude oil to Gulf Oil Corp of the United States, although no deal is imminent. An oil industry source said on Tuesday night that the approach to Gulf was made through an intermediary. The move by China is
      AP,; AFP  -  345 words
    • WORLD IN BRIEF
      • Article
        Lock icon INFLATED CONTRACTS
        578 9 Agencies AN ALLEGED kick-back scheme was uncovered in the US -General Services Administration that oversees government constructions, the Washington Post reported yesterday. A Federal official would approve a contract for more work than was actually to be done. The contractor would take the money awarded and shift it
        Agencies  -  578 words
    • Article
      Lock icon Leyland deal with Nissan in the works
      150 9 Reuter NISSAN Motor Company of Japan, the builder of Datsun cars, Is holding talks with British Leyland about technical collaboration on antl-pollutlon equipment. This was disclosed In a letter by British Industry Minister Gerald Kaufman to Conservative member of Parliament, Mr Patrick McNalr-Wilson.
      Reuter  -  150 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Weak $ causes CRA to fall
      827 9 Weak causes CRA to fall ASIAN Reuter MELBOURNE: Conzlnc Rlotlnto of Australia Ltd (CRA) said the fall In the value of the US dollar adversely affected CRA group companies in first half 1978. In addition, certain world metal prices remained depressed, particularly for lead, zinc and copper. Attributable after tax
      Reuter  -  827 words
    • Article
      Lock icon GM to end discrimination in S. Africa
      298 9 N.AMERICAN AP. GENERAL Motors has begun a US$4 5 million programme In South Africa to speed Integration in its plants there and triple the number of non-whites it trains for management jobs. OM president, Mr. Elliott Estes said the programme already begun, would
      AP.  -  298 words
    • Article
      Lock icon Safety agency warns Ford owners in US
      221 9 AP THE US National Highway Traffic Safety Administration (NHTSA) warned nine million owners of American built Fords that their cars may have a dangerous defect in their automatic gear shifts. It will decide soon whether to oeder a recall, which would be the
      AP  -  221 words
    • Article
      Lock icon Chrysler hopes to sell more with small cars
      249 9 AP CHRYSLER Introduced a line of lighter, shorter fullsized cars on Tuesday that the company hopes will more than double Its share of the big car market, which makes up about 29 per cent of all US car sales. The introduction of
      AP  -  249 words
    • Article
      Phillips Petroleum completes two-zone well
      145 9 PHILLIPS Petroleum Co said it has completed a twozone well in the North Sea at one of the deepest tests in the area. Phillips, operator for a six-company group, completed the 16-17-6 Tonl appraisal well at a depth of 5.385 metres. Testing operations confirmed a
      145 words
    • Article
      Lock icon ITT WINS DANISH TELEPHONE ORDER
      108 9 Reuter. INTERNATIONAL Telephone and Telegram Corp's ITT Europe Division said Its Danish subsidiary, Standard Electric Kirk A/S, won an order from the Jutland Telephone Company of Aarhus for a fully electronic digital telephone exchange for the Danish City of Horsens. An ITT spokesman declined to
      Reuter.  -  108 words
    • Article
      Lock icon Toyota sees difficulty in maintaining net profit
      298 9 Reuter. TOKYO: Toyota Motor Co Ltd will have difficulty in maintaining 1978/79 net profit at the level of 116.29 billion yen seen in the year to June 30. 1978. The managing director Mr. Hidetaro Mori said sales for the year ending next June
      Reuter.  -  298 words
    • Article
      Lock icon Esso Papua spudded Goari No 1 well
      159 9 Reuter MELBOURNE: Esso Papua New Guinea Inc has spudded the Ooari number one exploration well on the Palbuna River 415 kms northwest of Port Moresby. Endeavour Resources Ltd and Conzinc Riotlnto of Australia Ltd subsidiary, lOL Petroleum Ltd, each has a 10 per
      Reuter  -  159 words
    • Article
      Lock icon Higher taxes reduce results at Bradmill
      185 9 AFP CANBERRA: Bradmill Industries Limited, one of Australia's largest textile organisations, reported a profit after tax, interest and depreciation, of Asl43 million, a rise of 6.7 per cent. The directors are complaining about the big increase in taxation which has reduced the 25 per
      AFP  -  185 words
    • Article
      HSBC to open new branch in Birmingham
      197 9 THE Hongkong and Shanghai Banking Corporation Is opening a new branch in Waterloo Street in the centre of Birmingham next The branch will also represent the whole Hongkong bank group In the Midlands. The new Birmingham branch will offer a complete range of
      197 words
    • Article
      Lock icon Merrill Lynch
      52 9 Reuter MERRILL Lynch and Co Inc said It Is holding preliminary discussions on acquiring Hun toon Paige and Co Inc. a mortgage banking and brokerage firm. If the acquisition Is completed, Huntoon Paige iwould become part of. Merrill Lynch, Hubbard, Merrill Lynch* Real Estate division, a company spokesman
      Reuter  -  52 words
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      Page 9 Advertisements Column 1
      38 9 LTNTOQiME ET EE SUEZ incorporated m Franc* «t«th iumtad liability Shantoo House, 3 Shenton Way. Singapore 1. Tat *****11 (15 Knea) Tata*: Indocab RS *****. Cabta: Indoauaz Singapore P.O. Box 246. HEAD OFFICE: PAWS NDCSUEZ NDCSUEZ NDCSUEZ NDCSUEZ
      38 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1578 10 Bft) and offer prices officially lilted and business in and rrtxutted to the Stock Exchange o(Singapore yesterday with the numtwr of shares traded shown Irvbrackets in lots of 1.000 units ualess otherwise specified. *MI Time Settlement Contracts aft quoted after the world a I K Board deal (in
      1,578 words
    • Article
      Government bonds
      109 10 4 1/2% 1/VB9 (250,000) (99.628 99 708) 4 3/4% It/9/89 (250.000) (100.058 100.158) 5% Iy4/81 (250.000) (100.228 100.308) 5 3/4% T F IWBI-84 250.000) (102.408) 7% 1/VBS (250.000) (100.708 100.858) 7 1/4% 15/4/86 (250.000) (100.75B) 7 1/4% 16/10/86 250,000) (100.75B) 7 1/4% 1/8/87 (250.000) (100.70B) 5 3/4% T
      109 words
  • Article
    SHARE INFORMATION SERVICE
    2547 10 I'#7H Hi«h Low Company Last Sale +OTGr'» Div Div C'tt Gc'i Y'ld Net P/E Vol COOO) Day Hifh Low *J 1 SECTION ONE INDUSTRIALS 178. 219 260 84 270 32»222 132 123* 112 133 195' 60'j 162 173* 140* 256 Acma Alcorn Allied Choc BAT Bata Ben
    2,547 words
  • Article
    Unit trusts
    139 10 SINGAPORE UNIT TRU8T INCOME BOND UNIT irumat arkat) The Commerce.... tar Aug 2.42 11) 2.57 INCOME BOND 1.07 1.13 The Saving Fund S pore Prog Fund 1.S1 1.17 180 l.M MARA BUMIPUTRA FUND S pore Security Fund 2.04 2.17xd First Bumlputra 3.55 3.60 S pore Invest Fund 1.44
    139 words
  • Article
    In Kuala Lumpur
    1838 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 Alma (2.308 2.808). Alaam <2.508 2 318) <1) 2.50 <2> 2
    1,838 words
  • Article, Illustration
    Prices strike mixed note
    743 10 SHARES yesterday overcame an initial tailspin to finisbe mixed on the Stock Exchange of Singapore. Trading wn less widespread than earlier this week when the market was in a state of euphoria. Nervous selling which developed towards the doee of Tuesday continued when the market opened
    743 words
  • Article
    KL traders in festive mood
    777 10 AMID very buoyant conditions, prices rebounded from an easier opening to close sharply higher on the Kuala Lumpur stock market yesterday. Trading remained very active and, for the third consecutive day, total turnover rose above the 11 million mark to 11.10 million units worth M
    777 words
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  • COMPANY NEWS
    • Article, Illustration
      Malayan Credit now on recovery path
      760 11  -  By MANO SABNANI AFTER four years on the slide. Malayan Credit has picked itself up from the dust and seems to be headed for less harassing times in the next couple of years. The moderate recovery trend is already evident In the results for
      760 words
    • Article
      SES policy on disclosures
      994 11 ON AUG 26. Business Times carried a letter from the chairman (Asia) of Bur-son-Mars teller to the general manager of the Stock Exchange of Singapore (SES) on the subject of corporate disclosures. Reproduced below are the reply from the SES and the counter-reply from BursonMarsteller: Mr.
      994 words
    • Article
      DIVIDENDS ANNOUNCED
      330 11 Current payment Ex Date Book* close Date payable Total for the year Total for previous year Pan Electric S. Darby L'aec Loan Stk M Tobacco Berjunta i L. Perak B. Kawat L'OB Alex Hld(* Bata Paper Prod Sel Prop Highlands and Lowland* Perli* Plant M'wata Sel Dredge Jt-MPH
      330 words
    • Article
      SCRIP ISSUES
      138 11 Company Particulars Ex Date Books Close Seatou Gnat Eaitera Life MTobacea Rothaau Maiaa FmilU Synthetic RmIm Faker 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 Bonus Issue of 1 for 4
      138 words
    • Article
      Kinta Kellas hopes for better prospects
      464 11  -  »y JIMI NGOH KINTA Kellas Rubber hopes for better trading prospects In the current year with an improvement in the outlook for the rubber market and crop expectations, chairman P.T. Gunton tells shareholders. For the first three months ended June this year, 663,612 kg
      464 words
    • Article
      No Consplant offer
      137 11 CONSOLIDATED Plantations has told the Kuala Lumpur Stock Exchange It has not made an offer for any company and has no plans of doing so. 7 'he company, In erence to a Business Times report on Sime Darby's future intentions, said advices have been received from members
      137 words
    • LATEST RESULTS
      • Article
        BOUSTEADCO
        35 11 Group profit $3.13 million ($2.79 million) for the first half-year ended June 30. 1978. Sales $50.97 million ($41.69 million). Tax $1.28 million ($1.51 million), minorities $126,000 ($101,000) leaving attributable earnings $1.72 million ($l.lB million).
        35 words
      • Article
        Apollo Enterprises Ltd:
        33 11 Unaudited pre-tax profit of $2.17 million ($1.70 million) for the six months to June 30. 1978. Turnover of $6.39 million ($5.55 million). Interim dividend 5 per cent less tax (same).
        33 words
      • Article
        Bedford Plantations Bhd:
        38 11 Unaudited pre-tax profit of M 5168,000 ($157,000) for the six months to June 30, 1978. After-tax profit $97,000 ($87,000). Sales $434,000 ($410,000). Rubber production 434,000 lbs (412,000 lbs), palm oil production 642 tonnes (595 tonnes).
        38 words
      • Article
        Carlsberg Brewery Malaysia Bhd:
        33 11 Pre-tax profit of M 53.46 million ($3.04 million) for the half-year to June 30, 1978. Interim dividend of 10 per cent less tax (nil). Proposed bonus issue of one-for-two.
        33 words
      • Article
        Boustead Holdings Berhad:
        48 11 Group pre-tax profit of M 16.55 million ($6.51 million) for the six months to June 30, 1978. Taxation of $3.58 million ($3.37 million), minority interests of $756,000 ($948,000) and extraordinary gain of $1.44 million (loss $73,000). Net profit attributable to shareholders: $4.76 million ($2.35 million).
        48 words
      • Article
        Malakoff Bhd:
        21 11 Pre-tax profit of M 52.55 million ($3.85 million). After-tax profit $1.40 million ($2.09 million). Extraordinary gain $3.27 million (nil).
        21 words
      • Article
        Sembawang Shipyard Ltd:
        18 11 Pre-tax profit of $11.02 million ($13.33 million) for the six months to June 30, 1978.
        18 words
    • Article
      COMPANY MEETINGS
      196 11 INTERNATIONAL Wood Products Ltd: AOM to be held at the Board Room, 2nd Floor, DBS Building, Shenton way, Singapore at 11.30 a.m. on Aug 31. Lower Perak Tin Dredging Berhad: AOM to be held at Wisma Bunga Raya, 152 Jalan Ampang, Kuala Lumpur, at 9.30 a.m. on Sept.
      196 words
    • Article, Illustration
      Dunlop rides on wheels of progress
      867 11  -  •y SOH ENG LIM IN MANY ways, the story of Dunlop Malaysian Industries Berhad Is the story, on a smaller scale, of Malaysia in which it is domiciled the country which celebrates the anniversary of its independence today. Figuratively, perhaps the one characteristic which
      867 words
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  • Article
    Lock icon FED NEEDS TO CURB MONEY SUPPLY
    221 12 Reuter. THE elimination of reserve requirements on US banks' foreign borrowings could boost US Inflation, unless Federal Reserve now tightens its grip on US money supply. Senior Japanese banking sources said in Tokyo they tferjp at first surprised by the Fed's move, announced on
    Reuter.  -  221 words
  • Article
    Lock icon US turning the tide against inflation
    1055 12 Agencies. PRESIDENT Carter Is winning* the battle against inflation but the rate probably would not go lower than 8 per cent this year. Chief inflation fighter Robert Strauss said on Tuesday that earlier hopes for an annual inflation rate of about 7 per cent
    Agencies.  -  1,055 words
  • Article
    Broader base for W. Asian currencies
    372 12 CHANGES in brokerage procedures In the New York foreign exchange market this week are likely to result in a broader market for West Asia currencies. Foreign exchange dealers and bankers said under the changes, scheduled to take effect tomorrow, New York brokers will offer
    372 words
  • Article
    Lock icon Oversea business of German banks
    107 12 AFP. WEST German banks' business abroad totalled 220.000 million deutschemark (about Ss2so billion) at the end of last year, according to statistics from the banks' federation. This figure represents 12 per cent of the banks' business as a whole. German private banks now have more
    AFP.  -  107 words
  • Article
    Lock icon Buying know-how is focus of big debate
    506 12 AP. DIPLOMATS gathered In Buenos Aires yesterday for the first world-wide Conference on Technical Cooperation a debate over how much know-how should be bought with UN funds from the rich nations to aid the poor ones. The sharp conflict over a new economic
    AP.  -  506 words
  • Article
    Lock icon Peking trade overtures
    342 12 AFP. CHINA has proposed to Japan to double their bilateral trade over the next eight years to US$4O billion (Ss92 billion) from the previously agreed 120 billion. The Japanese newspaper, Asahi Shimbun, quoting government sources, said the proposal, which came on the heels of the signing of
    AFP.  -  342 words
  • Article
    LONDON STOCKS
    817 12 LONDON. Wed. Share prices drifted tower today on lack of Interest after an attempted rally but. many closed slightly above the day's lows, dealers said, and at 3 p.m. the Financial Times index was down 2.1 at 503.7. Government stocks were neglected and lost around 3/16 to 3/8
    817 words
  • Article
    Lock icon Shortage of petrol issue made public
    323 12 UPI. A US House subcommittee charged yesterday that the Department of Energy (DOE) has kept from the public Indications of a possible major petrol shortage In the United States by 1980. The charge was made by the Investigations subcommittee of the House commerce committee,
    UPI.  -  323 words
  • Article
    Asean's proposal for stable export earnings
    185 12 ASEAN has approached Tokyo to work oat a pricing system that would K ran tee sUble earnings n the export of their Srimary commodities to apan, a spokesman said yesterday is Jakarta. The guarantee will consist of 17 items on earnings from which Asean
    185 words
  • Article
    CUSTOMS CUTS BANK GUARANTEE
    127 12 THE Customs and Excise Department yesterday announced further reductions in bank guarantees for ex* ports and re-exports of dutiable goods, outer than intoxicating liquors and tobacco, to promote entrepot trade in such goods. With the latest reduction, effective from Sept I, bank guarantee for such dutiable
    127 words
  • Article
    Slowdown in Asian dollar market growth
    356 12 By SOH TIANG KENG THE OROWTH of the Asian dollar market slowed down considerably last month although loan demand continued to be strong, pushing Interest rates up In the local money market. The Monetary Authority of Singapore, In Its monthly statistical bulletin, attributes the
    356 words
  • Article
    Urea project date
    191 12 MALAYSIA'S urea project is expected to come on stream In early 1983, said the chairman of the national oil company Petronas, Tan Sri Abdul Kadlr Shamsuddln. He said the project, to be sited near the liquefied natural gas (LNG) project at Blntulu in the East Malaysian state
    191 words
  • Article
    Amos Dawe charged
    202 12 FROM PAGE ONE flouting of the rules was to prove his undoing. By December, 1975, the Mosbert group was In serious financial trouble. By year's end, chairman Dawe was forced to resign. His resignation bought the group some more time with Moscow Narodny. The direct Indebtedness of
    202 words
  • Article
    PIL GETS BERTH AT KEPPEL
    178 12 THE PORT of Singapore Authority yesterday allotted, for the second time this year, a berth at Keppel Wharves with the adjoining transit godown for the sole use for a shipping line. Pacific International! Lines (PIL), the largest Singaporean-owned line, J will from tomorrow have Berth
    178 words
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      181 12 <x.'XKfWWM ''mm.. -.-A t-vsi r A, 5 r f -x. ,1, it V/' V..--TvV-. V i-: IV. y fc# M .\r* I >*£*?*;* s ifs i'A\ v s View of Yihoyuan Summer Palace in winter TSINGTAO the No.l beer in China i •r Tsingtao beer. Brewed from the mineral waters
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  • Article
    SHIPPING TIMES
    4418 13 MHHHHE A guide to ships loading at Singapore for Ports around the World Tht following tut tabulates, by port of deetlnatton the name of the ship, the shipping line involved, and the estimated dates bf arrival and departure from Singapore port. t tataMth Us Jatat viae Mraamnal wHk
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      284 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agents: Bartow Unas Stogapora Ptt Lid TO: ***** Harrison* ft Crosfiakl Kuals Lumpur Tat: *****/59 Pamas- MISC Panang Tat: ***** SHIPPING C 3 SANKYO LINEI AUSTRALIA SERVICE P. IWm| Siopptrt Lilian tar MAYCARP 3/4 U* 1/2 S* ADELMELSYD PARADISE MOON 15/16 S*t
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      177 13 <+> THAI MAJUN€ UN€'ncv&sr REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK Mil SAMUT 1.17 1W 4S* KITISAIIUTV.iI ISM US* 13 S* 14S* KITISAMUT Vl9 nn mil as* 23 S* BOOKINGS/ENQUIRIES: OCEAN SNIPPING I ENTERPRISES PTE. LTD 21ST FLOOR. MARINA HOUSE. SHENTON MT. ■IWW-T TRANSC-LINE E»press ton container service to/i'om European
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      211 13 ANHSING LI RE6ULAR SEW-COHTAHER/ LINER SERVICE S*p«ra P.KeM|PMf LMdmftor UKIOH AUSTRALIA .2/tUfi 31 taf MM UNION JEDMH .6/SSeot MM MH3INC 15/llWt- MM Vk. LORD STEAMSHIP CO. S.A. TAIWAN/ STRAITS/ TAIWAN EXPRESS LINER SERVICE Idr Pyf r PONE P.KELAM POMK TAINAN LOON HSING 4/5 SM «/«W lSSe* LOON CHOM 4/7 Sept
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      0 13 _<|:$|.).]^'^^\/}`^[*}$?)>~{[,<
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      890 14 4£Hapag4Joyd FUUT CONTAINERISED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE fpw* P Ktiaaf f«L B*m t«n»i H*kw| Hmmu 5/9 30/9 23/9 6/10 HatetmtMi 14/9 16/9 7/10 3/10 14/10 SwlMMttM 29/9 30/9 »/10 29/1 C FntMtrttin 14/10 31/10 13/11 W«ttj4u 13/11 30/11 11/12 Honsttrlaad 30/11 17/12 30/12 FULLY CONTAINERISED TO GENOA/TRIESTE Spot
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      488 14 7 barber blue sea: Franc US ATLANTIC US GULF I EAST CANADA To: US ATLANTIC US GULF I EAST CANADA Saris •singapooe Mwotttioi Tjsb Iwrwf TaiP** Tataoiw Soft 11/1J Soft 16/22 ~od 1/4 Oct «/U |Od 14/22 I Sept 30/2 >• s Barber awe sea To: CANAOA/USA Pacific Cms! (EAC)
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      523 14 40TM FLOOR HON€ IEONG BIDC 16 RAfFLES QUA* SINCtPORE Custom» Sfvcf BooKinj *****22 Term,n»l 2V 7V1137 FULLY CONTAINERISED SERVICE Go one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS MMI AMAX MARINER COLUMBIALANO SAILED 23/9 21/10 SAILED 25/9 23/10 2/9 30/9 27/10 Y'HAMA KOBE KAOSHIUNG SINGAPORE
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      1053 14 Everett Lines Wh| Burins Five Star Shipptt>« Corpn. \XBk "BURMESE NATIONAL LINE" 1 LOADING FOR RANGOON jrfpKTW (Sack) ii/t u* nMSMRGTMmW 4/5 SEPT B F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/***** Compania Argentina Oa Mavapadon Intaccontinantal S. A. C.I. F. \fJfJ "ARGENTINE NATIONAL
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      478 14 UAI I UIU AUTUJOi X UUI »UOJ f AU§U9I tflf WIO. <!§& I \KDI\I I \H f Orient Overseas Ca*vlci*tei Line FUUT CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) oriental r£Sunch£* m NEPTUNE CORAL HI CHEVALIER null 12V CHEVALIER RO2E 1M NEPTUNE PEARL 11* MERCATOR M ORIENTAL CHIEF 1M H KONG
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      1049 15 nIMMMa ITifi QCL Overseas Containers Limited fca uPtSCL Australia Straits Container Line MEMKI OF THE ANtO CONSORTIBM) If CONTAINERSNIP SERVICE TO/FRO* AUSTRALIA ANRO ANiW) ANRO ASIA AliSlßAllA TEMASEX ANRO ANRO ASIA AUSIRALIA SINGAPORE 2 Sept PEMNG 4 Sept t. IEUNG 5 Sept ISBANE It Sept 1 II Sept MELBOURNE 21
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      936 15 Ben Ocean [jcrtserttcfßonLirizßkießjmelCtenlmeandNSMO M rt+. m ★1 AMERICAN PttSIKNT LINES 11 Oct 25 Oct 7 Nov ■ii if j wrr MAERSK LINE Id'nTl..! Pen Vessel Sulci AORIAN MAERSK 1/ I ARILS MAERSK 12/ 1 AMBERS MAERSK 11/ 1 AIEL MAERSK 21/ I ARNOLD MAERSK 14/10 ALVA MAERSK 11/11 ANNA MAERSK
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      900 15 rrTBEN LINE CONTAINERS h buk rtttrtu riw wnt taism ntmmn: tmm-* I Scaup'wa Aotioerp DHCIIHK lIHIU ISoft Mi** «»2?|?«2[ ntZl lITIM KIN I** **2J »*jg 2JJ 2S unmur nwa« •*2 E ?.t2 £1 tnto ur »W nt¥ 2£!J? E i, J! tj EI •fMUMI ft iMt It Itft 19 let
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      1062 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA f feedei Tiwn P Mltnt VtUtl FIMCISCI tIM muu tUMMU 1/ ELUMII tl/ Ml. H«T*U FIMCISCI 1/ t NITUMU FRANCESCA 11/ mci rr (UIINM I far: i) Mrttwot. tun a finriM. ti Spore I) Mttillts 2) 9 Mburf 4)
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      392 15 GUTHRIE BOUSTEAD AGENCIES THE BANK LINE LTD. iMßsmt limn OH CttK( (MavfitidS, Reunion. D»rb«« EX.. P.E.. Ct» town) lUantat to Pt/1 M S pore t/i h) p. *eia«g VII stp rtw un i tmi tniu r»« itww. maihu I nSSU Penang P. *e S'pore M EXPRESS SERVICE MKECT FROM SINGAPORE
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      772 16 K LINE KAWASAKI KISEN KAISHA. I TD (VIA SUEZ) by Mmt MM to nmon S-9oreF.teti«|L.H«w« HD«i Bremen t4m A'wrp tCKIIW la Part 2S«pt 20 Stpt HSapt aSept 24S«pt 20 Sept CORAL 9W 13 Sept 15 Stpt I let s fct Jet W let CWV«K« Hn ll* 20Sept 30Sept 11 Oct
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      1034 16 U.S.A. I EAST CARABA SERVICE UCtPTIW FOACt CMniKB IBM*. t. ttUK. iTOt Leediaf tar: NOW»U. HEW Titt, HALIFAX. ST JOHN Praanc Bela»ai> P. Keiaag Singapore "VISHVA TIITN" lIIU I ttt) IS/tHapt 10/10 le*< 10/12 Sa»t Ti/Ti Sept E.C./GREAT LAKES SERVICE •visnva noir mm a set) \l lU# 4/ Sept VI
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      652 16 k NEPTUNE ORIENT LINES LTD 23S*t 24 let I n let is 21 let 22 21 let 2* MIR frflr a list kn «tt Aof 4W if m. 3 m'-iAiM* I ■LMI 'TEMASEK ASIA AUSTRALIA TEMASEK ASIA AUSTRALIA! SIRCAPORE I FENANC PORT lELANG BRISBANE I SYMCV MELBOURNE Oct II Oct
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      544 16 MAI+YSIAA INTERNATIONAL SHIPPING COKPOKATX)N BfKHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM WED/UK/COHTINEMT/SCAHOINAVIA fm-a. otwi v«wi rm* v aMa Nha>« fbamcisca kiwmuu n/i iv a is/1 m» iUMU 1/ imiua w/t n/ a/l l/w tLUMu' 18/ S T/1B 11/* fbancisca «/1 niuunu isl b/ib i«/» ti/w ib/ib iLUHMA a. BfLFI 4/1B 11/
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      748 16 INTRASEA (PTE) LTD. Kcaui Mtreaor sem/fiu cbmtaweb snmct t» ebbbpe S port r. biwc Mm leaftae tm IBISN MK WBIS la Net SaiM MJm«/ria«,' Boolofnt. MUSI* *T»l7 II Sept Dhft 21 Sapt Hleri/flsm/A wti. nhsm «r« asw t «et iptt: II IHTUKA (rri) LT».-aori-«tiM aw l i i Tie miitim
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