The Business Times, 15 September 1978

Microfilm: NL9835
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 21V1/78 FRIDAY, SEPTEMBER 15, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon China's offshore oil
      88 1 UPI TOKYO, Thurs. China Is developing an offshore oilfield in the Pohal Gulf, and hopes it will he producing 30 to 50 million tonnes (210 million to 350 million barrels) of crude oil a year soon, Kyodo News Agency reported today. Mayor Lin Hu-chia of Tientsin made
      UPI  -  88 words
    • Article
      Lock icon Asean is viable
      57 1 Reuter JAKARTA, Thurs. Indonesian Foreign Minister Mochtar Kusumaatmadja said today the Association of South-east Asian Nations had grown into an accepted and viable regional organisation. Addressing the opening session of the Asean Standing Committee of which he is chairman, Mr. Mochtar said Asean would soon hold a
      Reuter  -  57 words
    • Article
      Lock icon US-China trade
      56 1 Reuter WASHINGTON, Thurs. Trade between the United States and China may reach a record US$l billion (552.25 billion) by the end of this year, a private trade group said today. Mr. Christopher Phillips, president of the National Council for US-China Trade, offered the prediction as he left for
      Reuter  -  56 words
    • Article
      French scholarship
      56 1 NINETEEN Singaporeans will leave for Fraiteeal the end of next month under a special scheme for training engineers and managers. Thf* hrfnfß to a total of 74 locals who have benefltaid from French government scholarships since 1976, the year France launched the scheme to help Singapore, Indonesia, Korea,
      56 words
    • Article
      Lock icon A community bridge
      84 1 Reuter KUALA LUMPUR, Thurs. Leaders of Malaysia's economically powerful Chinese minority held talks here today to form a single organisation to represent existing Chinese business guilds and societies. Their spokesman Tan Sri Lee Yan Lian said that the proposed single organisation would be non-political, and serve as
      Reuter  -  84 words
    • Article
      Lock icon Toyota under fire
      83 1 UPI TAIPEI, Thurs. The five local motor-car manufacturers In Taiwan expressed strong opposition yesterday to a proposal by five scholars favouring a Toyota Investment plan In Taiwan. The proposal was part of recommendations to upgrade the local car Industry submitted to the Council for Economic Planning and
      UPI  -  83 words
    • Article
      Lock icon Dollar drops
      22 1 AP TOKYO, Thurs. The US dollar declined against the yen today, dropping to 189.95 yen from yesterday's 191.825 yen. AP.
      AP  -  22 words
    • Article
      Lock icon Dow Jones
      60 1 UPI NEW YORK, Thurs. Stocks headed lower early today amid growing Investor concern that banks would raise their prime lending rate 1/4 point to 9 l/2per cent. Trading was active. The Dow Jones Industrial average was off 4.32 points to 895.26 around 1500 GMT. Declines led advances, 683
      UPI  -  60 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      110 1 Foils Most active OCBC MO -40 Haw Par 2,010,000 1 I i i Masauai Cerpe 370 -40 Sim Darby 1,708,000 BTP1975 730 -30 UOB 632,000 CSugar* 326 -30 PahaaaCoais 385,000 Doaloalad 440 -24 UOL 324,000 rroaoa Mine* 720 -20 Total Turnover: 15.41 m MEUHSLc 515 -20 Total
      110 words
    • Article, Illustration
      In Kuala Lumpur
      175 1 Foils Most active A. Hltam (Tin) 10.50 Hume (M) 2.15 C and C Blntang3.06 M Tobacco 4.30 Roth mans 4.60 O.C.B.C. 10.10 Isl and Pen 3.42 Oriental 4.04 Hume (FE) 1.98 C.C.M. 4.82 K. Stdlm 2.28 U.A.C. 3.10 Alcorn 2.20 O. Kent(M) 2.55 FandN 6.00 S. Land
      175 words
  • Article
    Moment of truth for cement users
    763 1  -  CLINKER PRICE RISE By SIVA ARASU THE FIVE cement manufacturers in Singapore are bracing themselves for another round of increase in clinker (cement raw material) prices next week by the AssoclaUon of Cement Producers of Asian Countries. The association, the suppliers' organisation that controls
    763 words
  • Article
    Lock icon STRAITS TIN SHOOTS UP
    285 1 AFP THE STRAITS tin price In Penang yesterday rose another Ms 24 to reach a high of $1,915 per plcul $215 above the new International Tin Agreement celling. 5 The market continued its strong upsurge with firmer sentiment Influenced by the further reduction In tin supplies
    AFP  -  285 words
  • Article
    Commerzbank applies for bank licence
    633 1 WEST Oermany's third largest commercial bank, Commerxbank, la planning to upgrade Its Singapore representative office. It has asked the Montary Authority of Singapore for permission to operate a merchant bank. The Frankfurt-based bank will start operations before the year Is out. The person most likely
    633 words
  • Article
    Multi-billion Tokyo aid for Asean
    169 1 ASEAN countries will receive half of Japan's economic aid to Asia, amounting to $2.75 billion, in the next three years. Also, as Japan's aim Is to seek closer cooperation with the region, its presence In Asia will not be military In nature. Speaking at a
    169 words
  • Article
    TWO GULP UNITS REVALUED
    81 1 THE ARAB Gulf states of Qatar and the United Arab Emirates revalued their local currencies yesterday against the US dollar by 0.08 per cent. Gulf News Agency said the action was coordinated with the monetary agencies of Qatar, the UAE and Bahrain. The UAE set the
    81 words
  • Article
    Esso (M) trebles its pretax profit at mid-term
    229 1  -  •r JOHN LIM PRE-TAX profit* of »MakyM Bhd at time tripled that of the first half of last year. The company registered pre-tax profits of $13.8 million this year, against $4.3 million last year. Profits alter tax also showed a similar jump,
    229 words
  • Article
    A general manager for OCBC Finance
    425 1  -  •y SOH TIANG KENG A SENIOR executive of Citibank Is tipped to become the first general manager of OCBC Finance (Singapore). He Is Mr. Tan NgJap Joo, assistant vicepresident of the US bank. Financial observers say Mr. Tan tendered his resignation to the bank
    425 words
  • Article
    Lock icon UK August surplus
    89 1 AFP BRITAIN'S trade balance for August was a healthy £133 million (8*572 million) in the black after recording a deficit for the preceding month of £57 million. This swing was almost entirely due to a drop in Imports of 6.8 per cent, down from £3.2 billion in
    AFP  -  89 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      7 1 COPIES ANYTHING. FITS ON A TABLE TOP
      7 words
    • Advertisement
      Page 1 Advertisements Column 2
      138 1 ACBC Your key to International Trade 1 i x r. i ~r If our business is import/export jnd the world is your market,, you'll nttd the services of a hank with the interna ttortal Lapabi its to handle vo(i r business dealings eft incn'ly md with a minimum of f
      138 words
    • Advertisement
      Page 1 Advertisements Column 3
      20 1 Lwiw Pan IWOBDS S, AIRCRAFT KBDUU I, TV RADIO 7. STRAWS IN THI WIND 7, SHAM PUCKS I*. MKMOPAD 2,
      20 words
    • Advertisement
      Page 1 Advertisements Column 4
      158 1 SINTAT Rent-a-Car Singapore: *****55, *****5 (Airport) Kuala Lumpur: *****4 Panang: ***** Kuarrton: ***** lf-BIX The Complete Coning System Makes Perfect Impressions 1 U-BiX 1500 U-BIX 1500 High speed copying at 15 copies per minute. Push button selection of two different paper sizes. Copies from bulky book, bound volumes and even
      158 words
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  • TRADE AND INDUSTRY
    • Article, Illustration
      Courtesy does pay
      260 2 THE OVERBEAB Union Bank oourtMy hu turned up aeveral winners. The campaign with the motto "Make OUB the beak for everyone" ends today. Ia the "One pereea eaa me he the difference" competition, four moet aerrice conacioua employees received return air-ticket# to the Philippinee, Bangkok, Lake Tobe
      260 words
    • Article
      Monier buys stake in KL tile firm
      278 2 AN AUSTRALIAN company, Concrete Industries (Monier) Ltd., has acquired a 30 per cent interest In a Malaysian roofing tile manufacturer, Concrete Industries (KL) Sdn. Bhd. The general manager of the Australian company, Mr. A.F. Stark, said the acquisition will lead to the introduction
      278 words
    • Article, Illustration
      Risis orchids outshine the Thai variety
      640 2  -  By SIVA ARASU THAILAND will not tarnish Singapore's golden future In Rials orchids. A Chlengmai company, Anusorn, has begun selling gold-plated orchids but according to experts the Thai products are a far cry from the Rlsls, quality-wise. The colour changes and they corrode faster,
      640 words
    • Article
      Local output can't keep up with readers' needs
      225 2 SINGAPORE'S reading needs cannot be fully satisfied by publishing firms here as the total output of about 1,200 titles a year is far too small to meet the diverse cultural, linguistic and Informational needs of the people. The Acting Minister for Culture,
      225 words
    • Article
      Esso opens its courses to others
      146 2 ESSO has extended Its Inhouse training programmes to other organisations such as Chase Manhattan Bank, IBM and General Electric (USA). The Joint-training scheme developed ana administered by the company and coordinated by Employee Relations, is meant for the Interchange of Ideas and to maximise
      146 words
    • Article
      Slower growth in cargo handling
      171 2 TOTAL cargo handled In Singapore Increased by 11.25 per cent In the first seven months of this year. But this growth has slowed down compared with the 15.40 per cent Increase achieved last year against the corresponding period In 1976. Figures from the Department of
      171 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      319 2 CHASE Manhattan Bank. NA, has promoted Mrs. Chen May Yim to second vice president and managerShenton Way branch, and Mr. Lim Jit Seng to assistant treasurer and assistant manager-commercial accounts. Mrs. Chen Joined Chase In 1970 as a supervisor of customer services. She holds a Bachelor's degree
      319 words
    • Article
      MEMO PAD
      344 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt Information system (MIS), SIM. SIM Sept 5-21: Compensation and fringe benefits, Holiday Inn. P.O.D. Sept 11-22: Personnal Development Programme, Hilton, SIDO/ Consulasla Sept 18-19: Introduction to Marketing, Hilton, Marketing Improvement Sept 18 22: Introduction to marine
      344 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      64 2 Connections to all parts of Europe every 4 minutes. -r. 55 D D A With Lufthansa you don't wait around for connections. From Frankfurt we give you more than 265 connecting flights everyday, all around Europe. Lufthansa German Airlines Contact your Travel Agent or Lufthansa. Singapore (10): Tanghn Shopping Centre.
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      590 2 11-OIE CBOSSWOKD I CRYPTIC PUZZLE ACROSS 1 Have a go at football? 7 State destination (S) 8 No different from sesame (4) 10 Dam worker 11 Went where a medico showed the way (6) 1* Points not dealt with before (3) 16 Do they correct piano faults? (5) 17 Poachers'
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  • OVERSEAS
    • Article
      Consumer confidence reverses steep declines
      284 3 CONSUMER confidence and buying plans in the US advanced last month, reversing steep declines In July. The comeback was mostly due to Improved consumer optimism about the future, the US Conference Board said. The latest survey'coincided with new positive projections by Bank of America and
      284 words
    • Article
      Lock icon FORECAST OF PRICE RISES IN GERMANY
      205 3 Reuter WEST German economic prospects for the rest of this year are sufficiently favourable to warrant a continued moderate rise in prices, though the increase will remain under 3 per cent on an annual basis. Disclosing this Commerzbank AG said in its latest monthly
      Reuter  -  205 words
    • Article
      Lock icon Critical to keep inflation down, says UK bank
      761 3 Reuter IT IS essential to prevent any renewed Increase In UK price inflation and the aim must be to reduce it further, said the Bank of England. Itfc September quarterly bulletin said cost pressures, particularly from labour costs, will probably lead to
      Reuter  -  761 words
    • Article
      Britons' Chrysler jobs are secure
      236 3 BRITIBH trade union leaders said they have received assurances from the Peugeot-Citroen ear firm that If it took over Chrysler UK there would be no Immediate plant closures or tifkinw Union loader Gavin Laird said they were reasonably satisfied with the assurances and indications were
      236 words
    • Article, Illustration
      US corn acreage curbs
      365 3 AN AMERICAN national farm leader said on Wednesday that he has received assurance from US Agriculture Secretary Bob Bergland that Federal corn acreage restrictions will be Imposed again next year to help off a further increase in grain surpluses. Mr. Allan Orant, president of the American
      365 words
    • WORLD IN BRIEF
      • Article
        Lock icon IMF GOLD AUCTION
        616 3 Agencies THE International Monetary Fund will hold Its next ?;old auction on Oct 4, when t will again offer 470,000 ounces of the metal competitively by the bid price method. The minimum bid will again be for 1,200 ounces, the deposit accompanying the bid must be the
        Agencies  -  616 words
    • Article
      Lock icon Higher world coffee crop this season
      420 3 AP THE WORLD coffee crop la expected to total 74.5 million bags, only slightly less than an initial forecast made three months ago for the 1978-79 season, the US Agriculture Department reported on Wednesday. On June 7, the department's foreign agricultural service estimated the
      AP  -  420 words
    • Article
      Lock icon Two leaders discuss vital European issues
      912 3 MONETARY SYSTEM URGENT TOPIC NYT TWO influential European leaders are discussing Issues at a two-day meeting that will have a vital bearing on the well-being of the Common Market countries. The outcome of the talks between President discard d'Estalng of France and Chancellor Helmut
      NYT  -  912 words
    • Article
      Lock icon EIB is first with Eurofranc issue
      561 3 Reuter THE French franc Eurobond primary market will reopen very shortly with a 200 million franc (Sslo3 million) 10-year issue from the European Investment Bank EIB primary market sources said In Paris. The sources said that the EIB issue, which will be lead managed
      Reuter  -  561 words
    • Article
      Lock icon Euro-market growth slows a little
      294 3 Reuter PROVISIONAL figures suggest that the underlying growth of the London Eurocurrency market slowed slightly In the second quarter of this year. The Bank of England reported In its latest bulletin that gross foreign currency liabilities of reporting institutions rose by U555.75 billion (about Sf
      Reuter  -  294 words
    • Article
      Fear of a North-South split over ocean mining
      472 3 AFTER almost 10 years of debate, the United Nations Law of the Sea Conference Is entering a critical phase as the United St&tes and other Western nations prepare to mine the oceans' riches before an international treaty is worked out. Although 90
      472 words
    • Article
      Lock icon Citicorp sets auction date
      88 3 Reuter CITICORP will begin a weekly auction of Its 91-day commercial paper on Sept 19. The auctions are designed for institutions, dealers and corporations participating in the commercial paper market. In the initial auction, tenders will be accepted for US$lOO million (SS23O million) of Citicorp auction
      Reuter  -  88 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      65 3 MITSUBISHI HIGH SPEED DIESEL ENGINES DEPENDABLE, DURABLE ECONOMICAL SI2NTK S6NTK XI SI6NTK for generating sets for marine propulsion units all classifications societies •250 to 1500 HP full technical spares service back-up f p Please contact: AKilsni ifsrti iraH hw MITSUBISHI hJUvY INDUSTRIES, LTD. of Japan MUSTOAL A6NCULTUML OBTMUnON CO. fit
      65 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      380 4 THE Singapore market closed yesterday slightly lower with October One RSS buyer quoted at 246.25 cents/kllo, down 0.25 cents. The market eased half a cent during quiet afternoon trading on lack of China acceptances and light profit-taking, they added. The morning market finished slightly higher with
      380 words
    • Article
      RAS PRICES
      364 4 R A S. prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 245 50 246 50N 244.25 245.25N Int. 1 R.S.S. Oct 247 50 248 00 246 25 246 75 Int 1 R.S.S. Nov 250 50
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    • Article
      SSR AND SMR
      103 4 NOON SSR and SMR prices yesterday: October November HAS (Current Mtb) (For wart Mtb) Buyer* Seller* Buyer Belief (rent* per kg) (CCl itaporbg) SSR 20 (1 -ton pallet) 220.SO 222.50N 221.50 223.SON SSR 50 (1 -ton pallet) 211.90 220 50N 219.50 221.50N M.R.E.L.B SMR5CV (1-ton pallet) 253
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    • Article
      Closing prices
      31 4 Rubber: Sept 14: Singapore: Oct 246.25 cents (Down 0.25 cents) Malaysia: Oct 251.50 cents (down 0.75 cent) Tin: Mi 1,915 (up $24) Official offering: 166 tonnes (down 14 tonnes)
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    • Article
      Rice
      125 4 BANGKOK rice prices yesterday were as follows: BANGKOK rice In US dlrs per tonne for basis Bangkok: White Rice: 100 pet Ist class 402. 100 pet 2nd class 387. 100 pet 3rd class 382. 5 pet 277. 10 pet 352, 15 pet 347 20 pet 342. 25 pet 332.
      125 words
    • Article
      Produce exchange
      398 4 GENERALLY steady to firm conditions prevailed in the Singapore produce market yesterday. Trading volume was generally small and mainly confined to covering accounts. With the exception of pepper, inquiries and advices received from abroad were scarce for want of better price indications. The latest boost to market sentiment
      398 words
    • Article
      Hongkong comex
      148 4 The sugar market closed yesterday 0.24 US cents higher in quiet trading, with eight lots traded. The Hongkong dally spot sugar price rose 0.05 to 7.95 cents. The firmer tone was attributed to fresh Chinese sugar buying and anticipation China will enter the physical market again. Cotton prices
      148 words
    • Article
      Sugar
      169 4 FUTURES closed £0.60 to CI.BO down ana turnover totalled 6967 lots which was boosted by self-trading on Wednesday in London. The market moved Irregularly during the afternoon with prices Initially moving lower under local selling and long liquidation. Dealers said the softening reflected steadier sterling against the dollar and
      169 words
    • Article
      Palm oil
      79 4 C I F North European ports, in US dollars per tonne unlets otherwise stated. LONDON: Malaysian 5% ffa bulk per tonne November Sumatra 5% ffa bulk September October November December January Wednesday 590 sir unch eiopd 600 sir 585 pd unch Previous 592 sir MS sir pd 597*%
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    • Article
      Wheat
      60 4 SPURRED by advances In the soybean pit, wheat futures ended lVi to stt cents a bushel higher in Chicago on Wednesday. Locals, commission houses and a professional were good buyers of wheat in the final hour, although trade generally was light. After a lower opening, wheat prices recovered at
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    • Article
      Straits tin
      206 4 THE Straits tin price in Penang rose another M*24 per plcul yesterday to reach k record high $1,915. The market continued its strong upsurge with the firmer sentiment Influenced by the further reduction In tin supplies by miners together with US and Eastern European sustained demand. Turnover fell
      206 words
    • Article
      Copper
      397 4 COPPER wlrebars on Wednesday lost mostly £5.5 per tonne. The afternoon market softened initially following the one-cent price cut to 66 cents by Inspiration Consolidated Copper for cathodes. But values steadied in line with the U8 trend and Three Months traded up to £750.5 at the close. Prices were
      397 words
    • Article
      Coffee
      211 4 ROBUSTA futures ended the opening call yesterday steady, unchanged to £16 per tonne down. Values recovered from the session's lows to hold steady near to overnight levels on a mixture of local dealer and tradehouse activity. NEW YORK coffee futures were up some 0.87 to 0.35 cent in the
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    • Article
      Cocoa
      111 4 COCOA futures closed £16 down to £6 per tonne up and the turnover of 10,698 tonnes mainly comprised self-trading operations in London on Wednesday. Values generally held around the middle of the day's trading range during the late afternoon aided by a steady New York market. Just after lunch,
      111 words
    • Article
      Lead
      66 4 LEAD on Wednesday was down C 1.25 for cash and C 1.75 for Three Months. Values were steady during the afternoon In modest two-way trading. The morning market found support initially following a two-cent US producer price rise to 35 cents per pound. Three Months traded at L 358
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    • Article
      Zinc
      43 4 ZINC on Wednesday was down 0.5 pence all round. The afternoon market traded around end-mor-ning levels. Market talk of a possible US and European producer price rise before long prompted covering support which absorbed profittaking after Tuesday afternoon's advance on the kerb.
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    • Article
      Soybean
      48 4 CHICAGO soybean futures finished with gains of 14 Vt to 16% cents a bushel after advancing throughout the session on good mixed buying on Wednesday. Soybean oil futures closed with gains of 0.95 to 0.53 cents a lb while meal ended up $2.20 to $3.80 a ton.
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    • Article
      Gold
      461 4 THE kllobar in Singapore yesterday opened at SS 15,419 and closed at 5515.320. Prices moved steadily down from the opening and the lowest level reached was at the close. The market was cautious and featureless. Spot gold for London delivery opened at U*****.00/ 50 and closed at 5210.80/.30. The
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    • Article
      Silver
      258 4 HONGKONG silver closed unchanged yesterday at HKJ261.00 sellers per 10 ounce on lack of demand in continued dull trading, dealers said. There were no trades recorded. LONDON spot silver closed on Wednesday firmer at 556.00/557 cents an ounce, four cents above Tuesday night's finish In active trading, dealers said.
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        560 4 THE US dollar wu actively traded In the afternoon on the foreign exchange market yesterday when London opened with the US unit gaining 100 points against the yen and mark before backing down to morning levels. The dollar did a quiet trade against the yen at the day's
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      • Article
        Asian $ rates
        192 4 Asian rates ASIAN currency deposit interbank rate* as at ckwe on Sept M t'fl Dolla OHm 7 days 1 mth 2 mth* 3 mths 6 mth* mths 12 mths an/18 .a is/10 »i/ia 8 3/18 #7/18 .•7/1* .97/18 8w. FN. (Mittb a#/i8 ai3/i« 15/18 91/18 as/ia 9 via 5/18 Dm.
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      • Article
        Discount
        45 4 RANGE of prtcw offered by discount housei on Sept 14: Overnlfht Call depodti 14: MH 3-month Treasury Mlb 3-month Bank Mil* J- month CD 6-moot h CD «nr»: Natiaaa 34/14 47/16 4 J/4 4 7/1 i Dtinaa bSS 37/14 4 vie 4M (1/4 iCtUi
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      • Article
        Hongkong
        119 4 THE US dollar yesterday closed slightly firmer against Continental currencies and the yen In continued thin trading, dealers said. It strengthened to 190.00/15 yen from 188.90/189.10 In New York overnight and from 189.90 at the close In Tokyo. The dollar closed around 1.9765/75 marks, little changed from Its New
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      • Article
        London
        185 4 THE dollar yesterday pared initial gains against major currencies In opening trading In rather slow business, dealers said. The outcome of the Camp David Middle East peace talks is anxiously awaited and dealers said a favourable settlement would obviously be good for the dollar if It allayed Saudi fears
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      • Article
        Australia/NZ
        53 4 AUSTOAL1A/NZ exchange* quota jratertt;: US dlr 1 1962/1 1914 Sterling 0 9606/0.9636 Ninety-day air mail buying rate*: Starting 0 6101 US din l.im Ninety-Day forward buying rataa Sterling 0 9632 US din 1.1934 NEW ZEALAND: Sterling 0.M64/V 9373 US dlr *****/***** Ninety-day airmail buying rataa Sterling 0 1664 US
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      • Article
        New York
        289 4 THE dollar on Wednesday closed significantly weaker from opening levels in moderately active trading, dealers said. They said the decline came Initially on a statement by Saudi Foreign Minister Prince Saud alFalsal that the Arab countries would have to review the Middle East situation if Israel blocked a
        289 words
      • Article
        Euro $ rates
        164 4 Euro rates LONDON period Eurodollar deposit rates opened slightly higher yesterday following the continued weakness of the US dollar and in anticipation of increases in US prime rates, dealers said. The rise in the Fed funds rate to B'4 per cent at one stage without Fed Intervention may also have
        164 words
      • Article
        Tokyo
        123 4 THE U8 dollar for overnight delivery closed at 189.00 yen yesterday, up from a 189.50 opening. Trading volume was an active $578 million. A high level of import settlement needs before today's market holiday here and import covering by Japanese oil companies and traders prevented the dollar falling further
        123 words
      • Article
        MLR
        21 4 THE average rate at which Singapore bank* are currently prepared to lead to their Ibeet customer* is 7.2S per cent.
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      • Article
        Zurich
        48 4 ZURICH rartuncM cloatnf quota* yestente; US 1.M90-SM0 8l« 3.1193-1230 Can 1 3706-3728 O Mk 90 4040-M97 D F1 74.0993-1740 r Fr30M37-9330 B Pr 1-1090-11X3 O KJ 28 2244-2740 N K/ 30 3701 -4190 8 Kr 35.9300-0901 Lit 0 1012-1913 AMieblUIII-1235 Spain 2 1407-1503 Arc Ton 9 0301-0401
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      245 4 Why do Asia's most successful businessmen read The Journal Because succeeding in business is what The Journal's all about. The Asian Wall Street Journal is a business tool, designed to be used by people who make business decisions every day, and who need all the information they can get on
      245 words
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  • TRANSPORT
    • Article
      Lock icon Hapag Lloyd places $96m Boeing order
      767 5  -  GOOD TAKE-OFF BY OFFSHOOT 1 ®y RAHIM KASSIM Reuter HAPAG LLOYD, the leading West Oerman shipping line has placed a $96 million order for three advanced 727 trljets from Boeing Company. The planes will Join Hapag's subsidiary airline company which has a fleet of
      Reuter  -  767 words
    • Article
      London freight
      191 5 GRAIN chartering continued to dominate freight market business on Wednesday but tended to avoid the representative trading routes. South American grain became slightly more prominent In such fixing as a 14,500-ton Sept 15-25 shipment from the River Plate to Italy by the Astyanax at US$24 2,500 tons, discharge
      191 words
    • Article, Illustration
      HIGH FLYER OF THE 80s
      95 5 An artist's impression of Britain's new quiet shortrange jetliner, the BA 146, which was recently given "take-off* clearance by the British government. The aircraft of the future is designed in two civil versions to carry between 70 and 100 passengers over distances upwards of 241
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      668 5 ARRIVALS Stnin Loetl Operator Number Time Frem SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL QIA GA944 1055 PKU GIA GA908 1100 MES QIA GA895 1110 AMS/CDG/BOM PAL PR501 1125 MNL GIA GA982 1200 HLP SN SN287 1200 BRU/DXB/BKK SIA SQ240 1210 MES
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    • Article
      Expanding Sattahip
      49 5 AN ESTIMATED 760 million baht (about SSB6 million) will be spent on the expansion of the proposed commercial deepwater port at Sattahip, 180 km south of Bangkok on the Oulf of Slam. Official sources reported the recently approved project will receive partial funding from the World Bank.
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    • Article
      Lock icon FRANCE SUES AMOCO OVER OIL SPILL
      157 5 AP FRANCE filed a suit for US$3OO million (***** million) on Wednesday In connection with petroleum damage to Its north-emst coast caused when an Amoco International Oil Company tanker ran aground on March 17. Also named as a defendant In the suit filed at
      AP  -  157 words
    • Article
      Personal view
      35 5 IN THE article "Singapore emerge* u underwriting centre" publisbed on Sept 7, the ▼tows expressed by Mr. D.A. Williams were bis own and not in bis capacity as regional manager for Royal Insurance.
      35 words
    • Article
      Lock icon PanAm's tactics raise cries of foul by Texas
      294 5 UPI Reuter TEXAS International Airlines accused Pan American World Airways of using illegal tactics in their David-and-Oollath battle for control of National Airlines. In a complaint to the Civil Aeronautics Board on Tuesday, Texas charged that a tentative PanAm-National merger agreement two
      UPI; Reuter  -  294 words
    • Article
      GULF AIR MOVES TO AVERT SPLIT
      457 5 OULF AIR Is to move its engineering division from Bahrain to Abu Dhabi, according to Mr. Yousef Sherawl, the airline's chairman, despite the fact that a new engineering centre was opened In Bahrain only last May. The move Is part of a plan to
      457 words
    • Article
      Liverpool port profits slide
      259 5 THE CONTINUED world recession has caused a sharp fall In profits at the port of Liverpool down In the first six months of this year to £1.78 million (BSB million) before tax. compared with £3.26 million In the same period last year. A further marked downturn
      259 words
    • Article
      A quieter, cleaner engine
      101 5 MAJOR reductions in noise and air pollution have been achieved with experimental Turbofan aircraft engines under development by the US National Aeronautics and Space Administration (Nasa), scientists at the agency's Lewi* Research Centre disclosed. The research engines are designed for short-haul, commuter-type aircraft. But In a
      101 words
    • Article, Illustration
      GEMILANG SHOWS ITS METTLE
      72 5 AN INDONESIAN aUppb* hoc, PT Goowri Lloy< My •tart a regular ilea to the Port at Load— Authority'* TUbuiy Docks. A apohoaiaon for the line •aid that the eompaay ia pleased with the rapid diecharge rate aad (ffiocncy at tts two ahipe, Genilaag aad Gampita, at
      72 words
    • Article, Illustration
      SHIPS IN PORT
      426 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bernadette I (0600 after Green Arrow) 25/26 Croton (1130 after Bromella) 40/41 Hijaz (after Kristin Bakke)B/9 Izumo Maru (2200 after Kangdlng) 46 Jalamotl (0600 42/43 Kyosel Maru (0600 after Hel) 47 Nedlloyd Agulhas (1300 after Nedlloyd Amsterdam 3/4 Palm Sea Horse (1900
      426 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      17 5 SINTAT Rent-a-Car SINGAPORE AIBPORI TEL *****5 CITY TEL *****55 -h Call us foi vou local oonAQrd reservations
      17 words
    • Advertisement
      Page 5 Advertisements Column 2
      125 5 I I I A Prestige position Your expensive car. It says you've arrived. Can you say the same thing about your office furniture? Your office desk, for instance. Is it all it should be? After all, you spend more time at it, than you do in your prestige car. Shouldn't
      125 words
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  • Article
    Too much talk, too little done
    364 6 THE INTRICACIES of International meetings have long struck observers as a terrible waste of time. It may be some Indication of Just how bad these have become when the secretarygeneral of one of the greatest conferencegenerating bodies, the United Nations, should himself speak out
    364 words
  • Article
    Centre of repute
    178 6 IF THE Monetary Authority of Singapore allows Commerzbank to upgrade Its Singapore office from a representative office to a merchant bank, this will make Commerzbank the third among the three largest banks in Germany to take up a significant banking role In Singapore. Singapore Is hardly a
    178 words
  • Article, Illustration
    Lock icon Bathe together for that sweet smell of success
    1769 6  -  An unusual look at the zen of industrial success few Singapore managers will bathe with their bossess. But, JEREMY DODD says, this may be the very reason for Japan's success. JEREMY DODD JEREMY DODD FT FEW MANAGERS could Imagine taking a bath
    FT  -  1,769 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      277 6 *:\K ->-■ f ■i- ;f m S it') i7V i I.W j i Jll g i >»i f', 1(7 DflLVflniUS d Tttf ffiscinfiTions 9i'4V \w J9F Just don't miss tbem at ths lon Bar wftila they pulssts their audience with thetr rhythmic sways of. thetr bailies to the gentleness of
      277 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 Sept. 14 at the airport: Maximum Temperature 30.2° C Associated Humidity 66 Minimum Temperature 21.6° C Associated Humidity 96 Hours of Sunshine 6.46. Rainfall in Millimetres Trace Total Rainfall for
      60 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      269 6 TV RADIO SINGAPORE 5 3.00 PM Opening announcements 8.25 Science Report 0 followed by Housewives' Matinee 8.40 The Undersea World Of Jacques Her Puzzle with superimposed Cousteau Savage World Of The English/ Chinese subtitles A Coral Jungle (Repeat)* Mandarin feature film 9.30 News in English 0 4.50 Intermission 9.45 World
      269 words
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  • Article, Illustration
    Brazilians lie awake worrying about their cup of coffee
    1081 7  -  by John Tan WHAT is it that drives men black mud? Why is It that lu with all the starving In the world, people would wllllng- ly consume food with no nutritional value? What right has a mere vegetable, found in
    1,081 words
  • Article, Illustration
    STRAWS IN THE WIND
    238 7 WHERE Is there respect for the clergy these xjays? Two plain-clothes detectives arrested the Venerable John Ross Youens, 63, one of the chaplains of Queen Elizabeth 11, for lifting the skirt of a 14-year old girl during the Wimbledon Tennis tournament recently. The girl was watching
    238 words
  • Article
    Vietnam cannot afford a war
    1061 7  -  I FORUM i on development ■y JOHN DRYSDALE SO MUCH is being written about the various postures that are being taken up by both friend and foe, inside and outside the vortex of the restless confusion that Is Vietnam today, that little is being written
    1,061 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      350 7 New Japanese Restaurant KIKU^p serving authentic Japanese food 4 Trp|\ifi \akki *Temjxira Shashimi *Sukivaki *ShalxiShalxj KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road Singapore 11 Enchanted e\ en i n<>s in tine European tradition. Mirabelle <% f% v All the ingredients for an enchanted evening are here at
      350 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      52 7 i£n Stow: Finnic DiciieuS in TMC twesnEj? 6UILD«KG P PCcn(2on4G to m\/ PoCX£T CFNLCULPiTOR th£*€. A^THtffTV MllUOll BR»CXS iN T ne CMesTeR-PiLRRv Bu LD\h»G 1 toe eveev BRO< *S,SRV Nv**e \NCM€S LONG... Tmfvt Gives US 42fe>l mugs VGOODHeAVENS V./ if GM&Zy BRICK jn TnecHesTecBo»LD\HG s*>eee LFMD £MD TO eMD c#?i
      52 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Jo'burg
      360 8 V > OStD shares were mostly hlttttr In small volume on Wednesday, reflecting local and overseaa Interest. Oalns ranged to 100 cents. Mining flimnclals were selectively niftier In line vltb producers. Fed Mynbou was 30 cents harder following results. De Beers fluctuated on some mixed Interest. In late trading,
      360 words
    • Article
      Selected indices
      71 8 TIMES lit INDUSTRIALS 534.3 Tueaday 526.4 Wtaek Ago 503.5 f tt I)6w JONES AVERAGE I INDUSTRIALS WfedAfcadav 800.80 T W b«*ky 906.44 cck An 895.79 LONDON DOLLAR i <> PREMIUM WMacaday 95 v« to 95* Tfwday 95 to 95W J"Vf H.E.HANG SENG 081.49 Wednesday 878.27 Wfeek Ago 700
      71 words
    • Article
      Lock icon Investors stay on the sidelines
      589 8 TOKYO Source: DBS-Daiwa CHINA-RELATED stocks and resource-related issues were selectively bought yesterday since investors remained on the sidelines because of the forthcoming three-day holiday. Turnover was relatively light and estimated at 2SO million shares. Institutional Investors, Including foreign Investors and mutual funds, remained cautious agajnst
      Source: DBS-Daiwa  -  589 words
    • Article
      Sydney
      428 8 THE market closed firm with the banks and speculative diamond Issues particularly strong yesterday. White industries closed Asl up at $5 on news that Mitsubishi Corp will buy a 40 per cent Interest In the Ulan Coal Leases Bank stocks continued to attract support on the SRD ratio cut
      428 words
    • Article
      Lock icon Hongkong
      314 8 Source: SHK Sec PRICES opened better yesterday morning on thin speculative demand following Wednesday's record price land auction, but gave way to consistent small margin selling against a background of Uttle or no Institutional support. Prices fell throughout the day with only small shortcovering at the close. HK Wharf
      Source: SHK Sec  -  314 words
    • Article
      Manila
      157 8 THE market closed higher with all sector* posting gains and turnover rose to 17.30 million peaoe from Wednesday 14.M million yesterday. Only Benguet Con B and PLDT loat ground with gainers including Acoje Mining. Atlas Con B, Lepanto B Marlnduque B. Phllex B, Basic Petroleum. Landoll B. Oriental B,
      157 words
    • Article
      Bangkok
      217 8 Set* M Bakt Bangkok Bank 308 Bank of Ayudhaya Ltd 2M Thai Dan u J7fl Thai Farmers Bank 354 Thai Commercial Bank 688 Bangkok Metropolitan Bank 3,710 Industrial Finance Corp 2,455 General Finance 290 Bankgok Investment 310 First Trust 280 Raja Finance 1,070 LeeKwang Ming Trust 207 Thai Insurance
      217 words
    • Article
      French bank forecasts decline
      169 8 LOWER first half profit and a forecast of a decline for this year as a whole were unveiled by the private sector bank Credit Commercial de Prance (JCCF). Earlier this year, the bank was budgeting for a further Improvement. The chairman Mr. JeanMaxlme Leveque said credit
      169 words
    • Article
      Summit fears cause stocks to retreat
      1100 8 NEW YORK STOCKS retreated in active trading on Wednesday as gaming fever and worries about the Camp David summit sent institutional traders scurrying for safety. Concerns about Camp David were heightened by a statement from a top Saudi official who said Arab countries will
      1,100 words
    • Article
      Composite index up two points
      314 8 Toronto SHARE prices closed higher In active trading on Wednesday. The composite Index was up more than two points with advances in 10 of Its 14 component groups. Paper and forest, consumer product*, real estate, pipelines and management companies scored double digit pins. Advances outnumbered
      314 words
    • Article
      Amsterdam higher
      411 8 EUROPEAN MARKETS SHARK prices In AmiUrdtffl /closed mainly higher In quiet trading on Wednesday Akso and Hoogovens rose while Philips and Unilever were steady and Royal Dutch eased fractionally In Internationals. KLMabwd 1.70, ABN three and Nedlloyd 1.60, but HVA loet 2 30, VMP three and Helneken one.
      411 words
    • Article
      Amsterdam
      196 8 KPT U ni ABN ST7.00 ♦1 AhoM lit SO -1.5 Akao 34 M +0.1 AMEV 92 00 -0.4 Amlaj 117.10 -0 3 AmrotBank MM ♦0.3 101 M 4-0.3 BoU 78.M -0 4 Boreumij moo -1.5 Burhmann 75.70 -0.3 Bycnkorf 100 K ♦0.1 Calve Delft 175 80 -1.2 Detl Ml)
      196 words
    • Article
      Zurich
      141 8 SEPT IS Franci 267 uncti rTT^fln!!r^i7MI 1140 901 1615 •19 -4 >36 Clba Oeln Br cibaOeioPC ate Oelfj Ret Credit 8ulaae Br Credit Sulne Ref Bektrowatt Br. Oeorte riacher Br 90S 740 907 aw 4» 1030 000 466 •10 10 -46 -7 -20 unch -5 1670 -9 Hoffman-La 6690
      141 words
    • Article
      Frankfurt
      197 8 SEPT II Dm Aef-Tetefunkcn Akao Alls Leben Alls Vera BASF BtyHTWmnk Bay V bank Bayer BBC BMW Cassella Chem Verm Oommersbank Oontl Oumml Daimler-Bens D((UM Detnaf Deutsche Bank Dresdner Bank Dt Texaco Dyckerhoff 8T A Enka Qlanss Qelsenberf OHH Hapaf-Uoyd Harpener Hoechst Hoeach Horten Kali Sals Karstadt Kaufhof KHD
      197 words
    • Article
      Paris
      245 8 Fra Alr-Uqulde B8N Qenraia Dtnont C8F(ThomeonCU) CteFrancatee det Petroter Compakgnte Financier? 348.90 961 321 120 ♦1.4 -0 ♦4 ♦0.0 Generate Credit Fonder De France Hachette (Libtalrte) Machine*Bull Mlchelln(B) Pari bat Pechlney Clflne Kuhlmann Peufeot' Phiiipa (Nv Oem Bestt) Prlntempa 8 A Rhone-PoulenceSA Royal Dutch SueXCteFlnan De) Thomaon-Brandt Usinor 300
      245 words
    • Article
      Brussels
      91 8 8KPT IS > Fr» FORWARD MA1IKT ANC 440 -11 < Arbed 2400 unch Astur 7M -30 Brascan 4M -1 Bru-Lamb 1830 35 Canpac 6M Dock 479 ♦s De Beer* 343 ♦0 Electro bel ♦30 Ob-Inno-Bm 3400 ♦35 Oev 14*0 unch Hobok 2700 unch k Petro SMS ♦56 Ryl Dutch
      91 words
    • Article
      Milan
      98 8 SEPT U Lire Ante HI TS 13.5 Amoc On ***** ***** Bailor 983 432 Centrale 5130 130 Flat 2475 135 Fimider 184 ♦8 Otn Immob 81.50 +8.28 IFIPrl 3005 144 Italcemenu ***** +220 Italgai SIS +5 IUltider 383 17 Ma«neu M Pf 500 +5 MareUl Ere 348 50 -0.5
      98 words
    • Article
      CHICAGO BOARD OPTIONS
      1642 8 September 13 CHICAGO Board Option* Exchange volume expanded to 160,253 contracts on Wednesday horn 132,824 on Tuesday. ADOPTION OCT JAN APL STOCK Alcoa 40 71/2 UNTRD UMTRO 44 La Alcoa 45 23/4 9 CM 461/2 Alcoa SO 1V1S 21/2 IM 401/2 Am Tel 56 71/1 UNTRD UNTRD
      1,642 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      51 8 NOTICE THE BECHTEL GROUP OF COMI PANIES WISH TO ADVISE THAT MR. V. I. SUBRAMANIAM IS NOT AN EMPLOYEE OF ANY OF OUR GROUP OF COMPANIES AND AS SUCH DOES NOT REPRESENT ANY I OF THE BECHTEL GROUP OF w COMPANIES THROUGH OUT THE I WORLD. MANAGEMENT BECHTEL GROUP OF
      51 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Mitsubishi sees rise in first half profit
      696 9 ASIAN 4 Agencies MITSUBISHI Electric Corp said it expects profit beforetax and special items for the 'first half-year ending Sept 30 to rise to between 9.70 trillion and 9.80 billion yen from 8.53 billion yen in the same period last vear. Total first
      Agencies  -  696 words
    • Article
      Lock icon Canadian Eastern buys Kowloon site
      150 9 Reuter CANADIAN Eastern Finance Ltd and an associate bought the 4,400 sq. metres site in Tsim Sha Tsui East, Kowloon, auctioned on Wednesday for HK$345 million. Cheung Kong (Holdings) Ltd said Canadian Eastern, which is owned 50-50 by Cheung Kong and Canadian Imperial Bank of
      Reuter  -  150 words
    • Article
      Nippon Kinzoku
      47 9 THE TOKYO Stock Exchange said it will increase margin requirements for trading of Nippon Kinzoku Co Ltd stocks on the market to 70 per cent including 30 per cent cash from the present 60 per cent including 20 per cent In cash effective since Wednesday.
      47 words
    • Article
      Lock icon GANNETT CHIEF LEAVES THE HELM
      141 9 AP MR PAUL Miller, 71, who guided Gannett Co Inc to a position as the largest newspaper group in the US, said he will retire as chairman of the board on Dec. 31. Mr. Milier said he will remain as a director and as chairman
      AP  -  141 words
    • Article
      Exxon offers for Houston Oil
      61 9 HOUSTON Oil and Mineral Corp said it has received an unsolicited merger offer from Exxon Corp and has called an emergency meeting of Its board of directors. The company said the Exxon offer is for four shares of Exxon common for each five shares of
      61 words
    • Article
      Lock icon Comeng earnings score A$10m
      225 9 Reuter COMENG Holdings Ltd announced an audited consolidated operating profit of A 59.76 million ($8.77 million) for the year endedi June 30 on sales of $141.01 million ($141.53 million). Profit Is after tax of $6.04 million ($6.57 million), depreciation $757,000 ($633,000) and interest $996,000 ($815,000), but
      Reuter  -  225 words
    • Article
      Mercantile Mutual hits new high
      287 9 DESPITE a large underwriting deficit, Mercantile Mutual Insurance Company has reported a record profit of A 56.06 million, up 15 per cent from the $5.27 million for the year to June 30. The annual dividend is to rise from 16 cents to 18 cents a
      287 words
    • Article
      Lock icon Ford hopes to set record
      229 9 N.AMERICAN k 4 Reuter FORD MOTOR said its Ford division expects to sell 3.4 million cars and trucks to make 1979 a record model year. Ford vice-president and division general manager, Mr, Walter Walla, said Ford dealers expect to recapture leadership of the small car
      Reuter  -  229 words
    • Article
      Lock icon Resorts reports casino gains
      176 9 Reuter RESORTS International Inc, which brought casino gambling to the east coast earlier this summer,' said the dally average win at its gaming operations this month was running above the summer months. The firm did not provide any figures for September. For August. Resorts' net win
      Reuter  -  176 words
    • Article
      Lock icon Mitsubishi Devt to take stake in Aussie mine
      244 9 Reuter NEW SOUTH Wales-based coal miner, contractor and civil engineer, White Industries Ltd, said Mitsubishi Corp will acquire a 40 per cent stake In Its Ulan steaming coal mine for Asl6 million, subject to federal and state government approvals. A Mitsubishi unit,
      Reuter  -  244 words
    • Article
      Lock icon Sony awaits Prudential reply on venture
      170 9 Reuter SONY CORP managing director. Mr. Klmlo Okura, said he believes Prudential Insurance Co of the US has still not made a decision on whether to enter the Japanese Insurance market. Asked to comment on press reports that Sony may form a joint Insurance
      Reuter  -  170 words
    • Article
      Lock icon ENI borrows from Japanese banks
      141 9 BONDS&LOANS Reuter ITALLY'S Ente Nazlonale Idrocarburi (ENI) signed a contract In Tokyo to borrow US$2OO million from a syndicate of 17 Japanese banks led by Sumitomo Bank. The 12-year loan will carry Interest of London Interbank offered rate plus per cent for the first three
      Reuter  -  141 words
    • Article
      Lock icon PanAm calls for redemption
      106 9 Reuter PAN AMERICAN World Airways Inc said it called for redemption on Oct 12 all its 11 per cent convertible subordinated debentures, due Feb 15. 1999. It said U5573.4 million principal of the debentures were outstanding at Sept 8. Redemption price will be 109-3/4 per cent
      Reuter  -  106 words
    • Article
      Lock icon Nippon Steel redeems early
      62 9 Reuter NIPPON Steel Corp said it decided to repay before maturity, its US$5O million flve-vear 9.5 per cent Eurobond issue due 1980 soon. A company spokesman did not disclose a definite date or terms for early redemption. The company Is expected to have exchange profit of
      Reuter  -  62 words
    • Article
      Lock icon KUWAIT UNITED REALTY
      50 9 Reuter THE KUWAIT Foreign Trading, Contracting and Investment Co (KFTCIC) said it completed the sale of 20 million dinars in floating rate bonds on behalf of the Kuwait United Realty Co. The bonds are for five years at 1-1/2 per cent above Kuwait interbank offered rates. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Oerlikon-Buehrle
      33 9 OerlikonBuehrle Reuter THE 100 million franc 3.5 p.er cent 12-year bond floated by Oerllkon-Buehrle Holding SA at 101 per cent was heavily oversubscribed, Union Bank of Switzerland said as issuing consortium leader. Reuter.
      Reuter  -  33 words
    • Article
      Lock icon Low premiums put Lloyd's in cautious mood
      791 9 1 I EUROPEAN > FT THE INCREASE of over two-thirds In Lloyd's of London's global profit to £135.2 million was not cause for celebration in the Lime Street committee rooms. For representatives from all parts of the world's oldest Insurance community were in
      FT  -  791 words
    • Article
      Lock icon Prospecting rights for German firm
      90 9 AFP THE WEST German firm, Deutsche UranerzbergbauGmbH, said It would begin prospecting for uranium In seven regions of Tanzania, probably starting early next month. In a communique, the firm said It had been granted exclusive prospection rights for a one-year period by the Tanzanlan Ministry
      AFP  -  90 words
    • Article
      Lock icon Acquisitions improve results at AGA
      322 9 FT AGA, the Swedish industrial gas heat engineering and welding group, boosted Its pre-tax earnings by over 30 per cent to SKr 109 million during the first half of the year. Sales were up by 48 per cent to SKr 1.7 billion. AGA is thus
      FT  -  322 words
    • Article
      Lock icon Bowater expects benefits later
      181 9 Reuter BOWATER Corp Ltd said it expects the benefit of the current hardening In pulp prices and reduction In stocks to be felt next year, although these factors will be of some help in the current year. Bo water added it hopes overall trading In the
      Reuter  -  181 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      241 9 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia." Now the
      241 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1357 10 BHTVbd offer prices officially listed URMdm In and reported to the aUefTxdmntt of Singapore yesterdaywlth Um number of shares traded iMHIn bracket* In lou of 1,000 un»Ma otherwise specified MHluw BetUement Contract* are qasM after the word "sett." Mf Board deal (In lots of TjmmrntU) an quoted after
      1,357 words
    • Article
      Government bonds
      280 10 4 1/2% 1/8/88 (250,000) (99.508 99.608) 4 3/4% If/9/88 250,000) (99.958 100.05S) 5 3/4% T F IWBI-84 250,000) (102.358) 7% 1/VM (250,000) (100.708 100.858) 7 1/4% 18/4/86 (250,000) (100.75B) 7 1/4% 18/18/86 250,000) (100.75B) 7 1/4% 1/6/87 (250,000) (100.70B) 5 V 4% T F 15/7/87 (250,000) (101.508) 6
      280 words
    • Article
      Stock options
      41 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yester- day with the number of options traded shown in brackets. Sim Derby (Sept $2.00) (1.80S).
      41 words
  • Article
    SHARE INFORMATION SERVICE
    2413 10 1978 High Low Company Last Sale O'I Dtv +or- SECTION ONE INDUSTRIALS Dhr C'tt Gr's YH Net P/E Vel C006) Day High Low 272 238 178 219 275 111 276 326 245 660 132 123* 112 133 195* 60 V, 162 173* 140* 256 Acma Alcom Allied
    2,413 words
  • Article
    Unit trusts
    145 10 gmaxrou UNIT TBUST INCOME BOND UNIT (1imgd' prteee fee fcpt if) (UVTMI ■Heel The Commerce 1.9i 2.59 INCOME BOND 1.00 1.10 The Saving Fund 1*8 1.01 MABA BUMIPUTBA FUND S'pore Prof Fund 1.14 1.31 First Bumiputra kr Be* IS) 8'pore Security fund 3.01 2.l3xd 3.43 3.41 Second Bumlputrm
    145 words
  • Article
    In Kuala Lumpur
    1769 10 BID and offer prices officially luted 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 AJtnamata (2.008). Alum (l) 2 20. •an and Ca 40.8281 (S)
    1,769 words
  • Article, Illustration
    Share prices see-saw in hard fought battle
    584 10 THE bulls and the bean tussled for supremacy on the Stock Exchange of Singapore yesterday, resulting in share prices jumping up and down. Speculators wore confuoed over which way the market vas headed. Selling orders flooded the market right from the opening bell
    584 words
  • Article
    KLSE shares close easier after an erratic trend
    771 10 THE mass selling on the i Kuala Lumpur stock i market appeared to simmer i down slightly but prices i were still distinctly easier i at the close yesterday. The New Straits Times industrial Index, reflecting i the easier conditions for the
    771 words
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  • COMPANY NEWS
    • Article, Illustration
      Fancy Tiles paves a good rise in first-half
      268 11  -  By LOO GIAP SENG HIGHER sale* and continued improvement in cost control enabled a 20 fer cent increase in ancy Tile Works' unaudited net trading profit which rose to $433,361 in the six months ended June 30. This continues the recovery which
      268 words
    • Article
      COMPANY MEETINGS
      267 11 ALEXANDRA Holding! Ltd: AOM to be held at 15th Floor. Rooms 1511/ 1512, Shlng Kwan House, 4, Shenton Way. Singapore on Sept. 15. Gnat Eastern Life Assurance Company Ltd: EOGM to be held at 18th Floor, OCBC Centre, Chulla Street. Singapore, noon Sept. 15. Jack Chia-MPH Ltd: AOM
      267 words
    • Article, Illustration
      Gold Coin rolling towards a record
      760 11  -  SHARP RISE IN INTERIM PROFIT ■r MANO SABNANI BY all Indications, Gold Coin seems headed for a record performance In the current year. Already, at the half-way mark to June 30, 1978, the group has reported pre-tax profits of $5.35 million, a massive 82.2
      760 words
    • LATEST RESULTS
      • Article
        BANDAR Raya Develop- ments Berhad
        42 11 Unaudited group pre-tax profit of $M 903,431 ($597,945) on sales of $6.04 million ($3.73 million) for the half year ended June 30, 1978. Parent company pre-tax profit of $710,820 ($587,805) on sales of $5.81 million ($3.09 million).
        42 words
      • Article
        New Serendah Rubber Co:
        24 11 Pre-tax profit of $1.10 million ($2.05 million) for six months to June 30,1978. Interim dividend of five cents per share.
        24 words
      • Article
        Mentakab Rubber Co. (Malaya) Bhd:
        27 11 Pre-tax profit of $258,314 ($271,923) for the half year ended June 30, 1978. Net proceeds of rubber sales came to $704,014 ($723,029).
        27 words
      • Article
        Taiping Textiles Bhd
        25 11 Unaudited pre-tax profit of M 51.20 million ($573,450) for the half-year to June 30, 1978. Gross sales were $21.3 million ($19.70 million).
        25 words
    • Article, Illustration
      LOSS KINK AT FEDERAL CABLES STRAIGHTENED
      403 11  -  •y LOW LEE CHOO AFTER three years of consistent losses, Federal Cables, Wires and Metal Manufacturing strode firmly back to the profit path and is set to enjoy higher earnings In the current year. As anticipated by chairman Harold Leembruggen, the group swung firmly
      403 words
    • Article
      Inchcape reveals sale of Borneo Timber interest
      566 11 CONTINUING with Its large-scale rationalisation and reorganisation programme, the Inchcape group has announced the sale of Its 50 per cent interest in the Borneo Timber Company and the voluntary liquidation of Montor Pte Inchcape said the negotiations for the sale of Borneo Timber
      566 words
    • Article
      DIVIDENDS ANNOUNCED
      352 11 Current Ex Booka Data Total for Total for (JOB payment Date cloM payable the year previous year 5%I Aug 21 Aug 28 Sept 18 5% 12%% Ales Hide* Bata 5%<b) Sept 1 Sept 11 Sept 18 5% 5% OKI Aug 17 Aug 29 Sept 25 8% 18% Paper
      352 words
    • Article
      SCRIP ISSUES
      151 11 Conpaa) Particulars Ex Date Books Close 1««im GMtEuUnLM M Tobacco btkwii Carlabarg MataaPmllk SyatWic Rmuu Fabcr Merlin Bonua issue of 1 for 4 t Bonus issue of 1 for 2 Bonus issue of 1 for 1 Bonus Issue of 1 for 4 Bonus Issue of 1 for 2
      151 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      70 11 The Nippon Credit Bank, Ltd. (Kabushiki Kaisha Nippon Saiken Sinyo Ginko) Floating Rate Notes Due 1983 In accordance with the provisions of the Notes Notice is hereby given that for the second si* months interest period from September 15,1978 to March 14,1979 the Notes will carry an Interest Rate of
      70 words
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      Page 11 Advertisements Column 2
      141 11 NOW in FONTANA Paperback -JM W stfa <7 rr 3 a* V Y\rf K M "Power and poignancy descriptive briliance." CHICAGO TRIBUNE THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there are no
      141 words
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  • Article
    Lock icon EWorld Bank to increase loans for oil hunt
    819 12 Washington Star m WORLD Bank Is reviewing the possibility of Ending up to US$l billion (812.25 billion) over the next two years for the development of natural gas and petroleum reserves in nonOpec countries. < Bank officials said a recent survey revealed
    Washington Star  -  819 words
  • Article
    Sharp rise in loans given by affiliates
    413 12 THE WORLD Bank reported that Its loans and those of Its affiliates rose by $1.47 billion to $8.75 billion (by about 553.3 billion to •19.7 billion) In fiscal 1978 from the previous year. in its annual report the bank said It made 137
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  • Article, Illustration
    Lock icon Perils at every turn of Thai economy
    582 12 UPI THAILAND ii heading towards disaster unless it ends wasteful exploitation of Its natural resources and the growing income difference between rich and poor, said Thailand's leading bank. The warning Issued by Bangkok Bank is contained in its half-year report released yesterdayIt mid
    UPI  -  582 words
  • Article
    Lock icon Taiwan out to ensure it's not cold shouldered
    472 12 Reuter TAIWAN, fearing that US recognition of Peking would bring about diplomatic Isolation, Is working overtime to strengthen economic ties with as many countries as possible. Talpeh has diplomatic relations with Just 22 countries, mostly small Latin American and African states. But
    Reuter  -  472 words
  • Article
    LONDON STOCKS
    705 12 LONDON, Thura. The market closed steady around firmer levels ruling prior to the announcement of the August trade figures, dealers said. At 3pm, the Financial Times Index was up 2.5 points at 5345.8 after a high of 539.3 at noon. The trade data was In line with general
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  • Article
    Tokyo businessmen bemoan strong yen
    514 12 JAPANESE business leaders warned ruling Liberal Democratic Party executives that many Japanese enterprises will suffer seriously unless the yendollar rate returns to about 220. Business leaders, including Federation of Economic Organisations (Keldanren) president Toshiwo Doko, also told party secre-tary-general Masayoshl Ohlra and other executives that
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  • Article
    Lock icon Sino-Japan accord on export loan rates
    366 12 AFP TOP ECONOMIC leaders of Japan and China agreed In Peking on Wednesday on Interest rates for loans to be furnlshed%by the Japan Export-Import Bank to finance plant exports to China. Japan's Kyodo News Service said the agreement came at a meeting between Mr.
    AFP  -  366 words
  • Article, Illustration
    Over to Emporium Holdings
    140 12 A TOP Overseas Amiranee Corporation executive has left the com posy to joia the Emporium Holding* executive, Mr. Lob Mas Chee (above), has bees hr'aUte group'7"smporiume end »u permarkeU la Singapore ana Malaysia. Before this Mr. Lob was assistant general manager of OAC, which is part
    140 words
  • Article
    Home style laundry centres
    314 12 SINGAPORE'S first laundromat may be la towa come January next year. This follows the appointment of Interfin Pte Ltd as tbe sole distributor of Maytag commercial laundry equipment for tbe Asean region. At a signing ceremony yesterday between Maytag Company of tbe US and Interfin, it
    314 words
  • Article
    Lock icon Too many big chats that fall on deaf ears
    353 12 AP THE PROBLEMS of Mi modern world have resulted In too many International meetings and their procedure are too out-of-dafip, UN Secretary-General Kurt Waldhetm complained an Wednesday. "We have tried to face the age of the computer, tfyl supersonic aircraft and
    AP  -  353 words
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    Lock icon JUMP IN PER CAPITA INCOME OF FILIPINOS
    183 12 AFP DIRECT POREIOMt investments in the Philippines during the last eight years totalled US$B43 million (Stl.M billion). The official Philippine; News Agency (PNA>. reported that manufacturing accounted for th*~ bulk of these Investments with $452.9 million, followed by banks and other, financial Institutions
    AFP  -  183 words
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      Page 12 Advertisements Column 1
      174 12 We have a J history of making our depositors' I savings grow ,j The history of Lombard North Central goes ■w' back more than 100 years. So it's really no sur- prise that our steady growth has made us an import ant name in British banking and finance. -»Individuals and
      174 words
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      Page 12 Advertisements Column 2
      51 12 Following the establishment of a cross-shareholding between First Boston Inc. and the Credit Suisse White Weld Group the name of FIRST BOSTON (ASIA) LIMITED has been changed to CREDIT SUISSE FIRST BOSTON (ASIA) LIMITED September 8, 1978 Underwriters and market makers in U.S. Government, Yankee, Corporate, Euro, Asian and Yen
      51 words
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      3 12 Leader Page 6
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  • Article
    SHIPPING TIMES
    3000 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The followinf list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates bf arrival and departure from Singapore port. Contort lama ScanDatch has a Jalnt aernee
    3,000 words
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      Page 13 Advertisements Column 1
      376 13 Scan Dutch C Fast and Regular Service To/From N.C. /SCAN/W.MED VU.K. j Singapore: Tel. *****, Port Kelang Tel. *****1, Kuala.Lumpur Tel. *****. Penang: Tel. ***** SHIPPING I C 3 SANKYO LINEI AUSTRALIA SERVICE P.KMmi Swigapor* Loading far PARADISE MOON 19/20 S*t 17/lt S«pt SYD, MEL, ADEL YUE RIVER 1/2 OCT
      376 words
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      Page 13 Advertisements Column 2
      359 13 THAI AfAPWe Lt*€ ymxtsr REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK BANGKOK SINCAPOef Hill SAMUT Vl9 171* I|J* 22 So* 23 S«pt Kill SAMUT V.2® 2<Soet2«Soet lOd 2Od Kill SAMUT 1.21 sOd 7Od II od 11 Od ROOMINGS/ENQUIRIES: OCEAN SHIPPING t ENTERPRISES fit. IU 21ST riOOt. MARINA HOUSE SNCNTOM NAT.
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      Page 13 Advertisements Column 3
      342 13 rr\ ALFRED C. TOEPFER GMBH WWUH SERVICE TO MEDITERRANEAN PORTS OF ITALY, SPAIN, FRANCE C> Sport P KtUng Discharging Ports m.« OINOUSSIAN MAIDEN IS Oct Siterno. Monf*kon< Maples. Tricila. Ventc* BURDEKIN SHIPPING PTY LTD SERVICE TO ANTWERP I U.K. ACCEPTING THROUGH BILLS OF LADING TO MAIN U.K. DESTINATIONS .r, Discharging
      342 words
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      Page 13 Advertisements Column 4
      354 13 ANHSING LI KGULM SEMI-CONTAINER/ J.INER SERVICE fpm P.KaUnc Pmm| Leading tar. S*pere PJ UNION AUSTRALIA ta Pad UNION JEDOAH 17/19 S«pt AN HSIN6 21/23 UftUNtON ALASKA 25/27 Uft WHOM ADCH 5/7 Od V* LORD STEAMSHIP CO. S.A. TAIWAN/ STRAITS/TAIWAN EXPRESS LINER SERVICE STORE P KELANG PENANG TAIWAN LOONCHONG SaiM In
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      145 13 mm Nedtloyd Lines Regular Un«r Services To/From All Parts of the World. Singapore: Tel. *****. Port Ketang Tel *****1. Kuala Lumpur TaL *****. Penan* Tai ***** IMULtHsI DONG SUB LINE M.V. DONG WON VOY. V7S arrived Bth September, 1978, at P.P. W. Oodown 302 CB 1 Oeneral survey on damaged
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      787 14 FULLY CONTAINERISED TO EWOfE r tm r.UMi > 21/9 23/9 ■MMV 26/9 21/9 to«paß(r 3/10 5/10 EXPORTS liNm EXPRESS CONVENTIONAL TO EUROPE Span PMai fm. Mm Cm "Vwi Wmih Mm 17/ is/9 10/10 8/10 17/1 13/10 15/10 2252* 2/10 4/10 25 10 21/10 2/11 6/11 29/10 31/10 V J 11/10
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      Page 14 Advertisements Column 2
      590 14 'BDC DD9> >MaroerßhieSea borber blue sea' larMrMSca w w From: US ATLANTIC US GULF* EAST CANADA i i 1/3 New Orleans I Ne*22 Na* 14 27 Na* 24 Na* 16 Na* 29 Ned Laadar "KKSmvr S 1-2/ Sept 15. W v-wu* Baroerstuesea To: CANAOA/USA Pbcific Coast *S*tafa Ta|a»ta» (UC) 27-21/11
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      Page 14 Advertisements Column 3
      629 14 LAND U.S.A./ ASM SERVICE NT REFRIGERATED CONTAINER SERVICE SAILING EVERY WEDNESOAY FOt PORTS M USA. CANADA. CARIBBEAN. MfM. KOREA. TAIRM*. NOUS *o*. TNAIUiO AM PINUPPHIES DIRECT SERVICE TO MID EAST DRY/ REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN, MUSCAT, DOHA, TEHRAN, ESFAHAN, JEDDAH VESSEL/VOYAGE Vessel C F.S. CLOSES Arrives'
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      Page 14 Advertisements Column 4
      989 14 Everett Lines FM ERST/MOUCO 1 CENTRAL AMERICA •m Tim tkrapfh M at Lataf' LOADING FOR ENKNADA. MAN2ANILLO. ACAPULCO. ACAJUTIA. COW* 10 SAN JOK PUNTA. V ARENAS (COSTA RICA) COAT2ACQALCOS. VERA CRU2 AND TEMPICO WITH TRANSHIPMENT AT HONGKONG PwM( rMm ■URRAYEVERETT/AMPANO 11/21 KPT WMJEPT »/»KPT F E RNANDOEVE RETT AMPARO 23/24
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      569 14 <9* \R I) I\ I I \H Orient Overseas Cohlgjmca Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S«*M LeHavrt Hkarj 2/10 3/10 5/10 10/10 12/10 14/10 16/10 18/10 20/10 23/10 25/10 27/10 31/10 2/11 4/11 7/11 9/11 11/11 13/11 15/11 17/11 20/11 22/11 24/11 (Ml vessels call Bremerhanen after
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      820 15 RSCI Australia Straits Container Line ■r tic jum cMsamw) tam Musnoi aim* pte. lti.jw«mk i«fc «CMb tartMi Skiff* mm Aaacm SM. M. rum Til: SI2MI/J Blue Funnel (S E A.) centaur hiiui pasiemei/cmm ierticc ti/fro« wiimtu put n Mm Stilt Frpaaatlp I trniwi P. Kiiiw »paaag $"W«" IMo F*apatle AVI
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      1139 15 Ben Ocean Ajoutsemotafß^lintktfFlwmpinfnLmßmxiNSMO ij/ii M* m i o* nm n h* ma wn LTCAM 6. H/tt Sept LUTR 11/11 LTCAM 11/11 Mt w Oct Uivfti Nail, J« V'lW.'.v i iW AMERICAN PRESIDENT LINES Mi as *ii i LA_i M (oi«cft> Uhrtctv P. P9LKt 39 9att < HSept P. NAMI9ON 1
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      Page 15 Advertisements Column 3
      557 15 EDfe BEN LINE LOOTED PW ASIA CONTAINER SERVICE rrrr rm Oct 1521 mil Hi' 1 JUGOUNUA EAST bm soma ti imutk m east mwumrntin mn S port P. KtlM| Pw«c JCSEMCE fof Alexandra. Beirut Lattakia, Liioassol. Port Koper, Rjeka, Trieste, Venice J"ns "JnC RAI for Oerince, Koper, Rijeka. Trieste, Venice
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      Page 15 Advertisements Column 4
      719 15 Scan Dutch V f .Mlll.t AH 4cii:{tii 3i )NTINENT/SCANDINAVIA p KaMc Vmml laM MB. 11/ I JCTUMM 2 mi mut I'll KUMIt S'3or« U MMilto 9 MM 1 Mton 4) Staff 11/ I V* l/a l/a «/a MJ t i/a u/a a/a a/a 4/a 1?/* n/a a/a a/a u/it a/a
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      Page 15 Advertisements Column 5
      482 15 GUTHRIE BOUSTEAD Z P THE BANK LINE LTD LIN NT ES OR LY lITITIA inH HM Hunt ITUS aM) >ir p hum us i 1/1 kf t*»/i tot ii/tt tct n SINGAPORE qi34<!4 PT KELANG 3863 C KUALA LUMPUR ***** 1 PtNA\G 3623^' FESCO LINES FESCO STRAITS PACIFIC LINE rta
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      724 16 E K line KAWASAKI KISEN KAISHA. LTD (VIA SKB ky Spore P. Keiang L.Hovre H'barg Bremen Viam A NEPTUNE CMUL §V Sollc# to Port 1 Oct skt I let I let II CNEVALIEI PAIL 17V 22 Sept 21 St ft 11 kt 13 kt 14 kt 15 kt 17 CIE&ALIEIMZE
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      737 16 55 U.S.A. EAST CJUMM SERVICE IHCTIK rct/ut CWItIKB W HUM. P. SUM. ST« IMM| Mr W»W, MW TMK, ML If AX, ST. MM Praaag Halawan f mltni •visnva vikiaw inrsa 2J sci» w/ii sa»t n/HSnt «/2» u p t 27, LC./GREAT LAKES SERVICE Mr: MnU. m TMK, HMTItU. CALIFORNIAI PACIFIC
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      914 16 k NEPTUNE ORIENT UNES LTD jcmma nut I CKVALIEI MZE KfTRK PEA* mebcatw MENTAL aiif "FULLY CONTAINERISED SERVICES tm w S port t. Ratal S'fcaaptaa «wf •rm. Vtm «AL SmM hhtt 1 let 5 let •kt let >m.t 22 sapt nsapt 11 let 14 let II act TAL CHIEF 21
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      543 16 MALArStAN (NWUHATIONAI SMPftNG CORPORATION M*H*o EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA *m*f u«c vmmi rm n mtiitp* aMm a Mart 4em EIUMM U/ MVTVM 11/ 2/W 2/a 0/10 n/w nucEst* m a laruaau a/ 1/10 u/io u/n it/a IKMWU I HUT 4/N 17/10 21/ M M/W ruactxi 7/10 HIANOIA 11/W
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      672 16 INTRASEA (PTE) LTD ZtUATE Ml 7 Mutu mil N'uu mil ■mas u wta tmmmm son/mi contamo service to men S'an f. MiMf Mm fit Mr, n%*t iiM«t H bu,, siu« I Oct Oct fnwnotffr Karw.ll Mtarf/R'taa ?**Mipto«'Maria <I||l^ riaa'N'kvri. R'laai'M'tari Boulter* V*4M/'H l«r| *'■>«<£. 'Oct rim H'»«r| Boulter* a Oct
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