The Business Times, 16 September 1978
1978-09-16
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The Business Times
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Title Section11 1978-09-16 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY," SEPTEMBER 16, 1978 50 CENTS11 words
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BRIEFLY...
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Article61 1978-09-16 1 UPI. SEOUL, Frl. South Korea's 1979 budget may total 4,550 billion won (Ss22 billion), a 29.6 per cent increase from the 1978 budget. According to a provisional budget plan prepared today by the Economic Planning Board ana referred to the ruling Democratic Republican Party for study, South KoreansUPI. - 61 words
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Article68 1978-09-16 1 UPI WASHINGTON, Frl. US industrial production Increased 0.5 per cent In August, a solid indication that the country's economy is staying on course and the Administration's year-end growth target may be reached, said the Federal Reserve Board Although August's gain was slightly below the revised 0.7 per centUPI - 68 words
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Article58 1978-09-16 1 Reuter. KUALA LUMPUR, Frl. The Malaysian government said it has cut total duty on white pepper to M 5551.97 a tonne (from $576.16) and black pepper to $208.02 ($216.89), effective yesterday. Export duties were set on the baslsjrf gazetted prices for white pepper at $4447.00 a tonneReuter. - 58 words
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Article67 1978-09-16 1 Reuter. BANGKOK, Frl. A Thai delegation will leave here on Sunday for Singapore for talks with other members of Asean, Commerce Ministry officials said today. The delegation, led by under-secretary for foreign affairs Arun Phanuphone, would hold talks with officials from Indonesia, Malaysia, Singapore and the PhilippinesReuter. - 67 words
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Article82 1978-09-16 1 AP. LONDON, Frl. Britain's annual Inflation rate has risen for the second straight month and now stands at 8 per cent, the government reported today. But officials said the AUgust rise was still In line with government predictions. Mr. Roy Hattersley, Secretary of State for pricesAP. - 82 words
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Article64 1978-09-16 1 Reuter. BERNE, Frl. Switzerland had a trade deficit of 158 million Swiss francs (Ssl77 million) last month, after a surplus of 38 million in July and a deficit of 615 million francs in August last y«ar, the Federal Customs Office said. August exports were 3.03 billion francs afterReuter. - 64 words
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Article79 1978-09-16 1 THE WORK of the Assay Commission could be expanded to cover the assaying of gold bars smelted by the Chartered Industries of Singapore, If It is successful In Its attempt to obtain acceptance of its bars by the London Bullion Market. Making this call on the Commission which79 words
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Article50 1978-09-16 1 UPI NEW YORK, Fri. A selling wave drove prices broadly lower in heavy trading today of New York Stock Exchange Issues. The Dow Jones Industrial average dropped 6.14 to 880.88 shortly before 1500 GMT. Declines routed advances, 962 to 216, among the 1,557 Issues crossing the tape. UPIUPI - 50 words
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Chief Price Changes
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Article127 1978-09-16 1 Rises Most octive OCBC 1030 Nat Iron 635 Metro HM|a 310 TaaChonc 336 CJkC 595 M Banking 540 UOB 430 Sime Darby 386 C Sugar* 348 Public Bank 314 Olympia 222 CKlaaff 253 STPlf75 750 Foils Berjuntai 810 Supreme Corpn 249 SuacaiBeai 650 Tractors 570 MTC 450127 words
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Article, Illustration160 1978-09-16 1 Rises Most active C and C Ltd' 6 20 OCBC 10.60 FandN 6 40 S Trading 6.40 N Iron 6.40 P Bank 3.32 C Sugars 3.66 M Banking 5.50 C and C Blntang 3.28 O Rope) 2.40 Wcarries 4.00 Esso Ord 4.00 Chersonese 2.54 Falls Castlefleld 12.00160 words
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Article254 1978-09-16 1 AFP. MALAYSIAN Prime Minister Datuk HUsseln Onn was last night elected president of the United Malay National OrganlsaUon (Urano) by an overwhelming majority. He scored 898 votes against 250 by Enclk Suleiman Palestine, the only other contestant in this fight for the topAFP. - 254 words
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Article94 1978-09-16 1 Reuter IN DON ESI A is expected to pay off its loans used to build two big liquefied natural gas (LNO) plants in A run (North Sumatra) and Badak (East Borneo) within the next 12 years. Minister of Mines and Energy Dr. Subroto said on his return fromReuter - 94 words
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Article, Illustration561 1978-09-16 1 COLIN CHEE - PHDs IN A RUSH Br COLIN CHEE ASIAN managers have to realise they are working in environments which are undergoing great changes in quick time. For them to succeed In their Jobs, they must be able to rise above administrative routine and be561 words
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789 1978-09-16 1 SIVA ARASU - •y SIVA ARASU THE MAJORITY of multinational corporations here, and larger local industries yesterday reported they spend about 10 per cent of their profits on research and development. They were, however, quick to add that the type of research they undertake are mainly concentrated789 words
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Article189 1978-09-16 1 Reuter. MAJOR rubber-growing areas of Malaysia should undertake a dynamic extra production policy to increase output, now that demand for natural rubber Is rising, Malaysian Prlmai'y Industries Minister Paul Leong said. Rubber producers need to allocate more resources to raise production and ensure the results of researchReuter. - 189 words
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310 1978-09-16 1 PETER CHIA - •y PETER CHIA BUYERS returned with a vengeance and tent j*rice» •oaring on the Stock Exchange of Singapore yesterThe fury of the bulla stampeding across the board drove the bears into hibernation. The quick turnaround of the market after four days of falls failed310 words
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449 1978-09-16 1 JOHN LIM - ■y JOHN LIM A 12-MEMBER timber trade mission from the Timber Industry Board of Singapore headed by the board's chairman and director of the Department of Trade, Mr Ridzwan Dzarflr, leaves for five EEC countries today. The team will visit the UK,449 words
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Article95 1978-09-16 1 TRACTORS Malaysia Bhd said It reached agreement to sell Its property In Buklt Tlmah Road, comprising warehouse, general and llghMndustry land covering about 24,741 square metres to Tan Chong and Sons Motor Company for $7.65* million in cash. Tractors has received 31.5 million and the balance will95 words
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Page 1 Advertisements
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Advertisement18 1978-09-16 1 I:\vreft Lines JRS Corpn. S/A I V* OC9C T*. 2144T J Port K«M SOCSHIP CO |H0 Trf JtTW'l18 words
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Advertisement105 1978-09-16 1 SEE PAGE 2 YOIV GAMf cenm you WWN? i .A m. ZftIiMEVDUCWIE Tb BW WEST. Chances are that at Pan-West we have just the right equipment to help improve your game At Pan-West we stock the finest range of top quality golfing equipment. Confidence, Honma, Lynx to name a few105 words
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Advertisement38 1978-09-16 1 FOR MAGNUM-a bat to profit* PAN MtlmU Cement still on lift CTOUImI 11 SWINDLE at Um oaatary 12 MKMOPAD 2, CROSSWORDS 2, AIRCRAFT- SCHEDULE I, TV A RADIO BRISTOW 7. STRAWS IN THE WIND 7, SHARE PRICES It.38 words
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Advertisement102 1978-09-16 1 MACHINERY BROKERAGE ASIAN APPRAISAL CO PTE LTD Sj'tfs 'OJ '04 SuyiHme House R<3 S9 Catch the super speed special from Oc6 -"V" I 4 f> if 0° Oce-Hagemeyer has a real special from Holland. After tremendous success in Europe and America, the Oce 1700 is now introduced in Singapore. Revolutionary102 words
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TRADE AND INDUSTRY
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553 1978-09-16 2 MALAYSIAN Deputy Prime Minister Datuk Serl Dr. Mahathir Mohamad has spoken of the need for the United Malay National Organisation (Umno) to continue to be moderate and to work with the other communities for the survival of the party and ,the nation. He said:553 words
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134 1978-09-16 2 VISITORS from Brunei may be among the biggest spenders here besides the Indonesians and Japanese. This is because about $60 million were repatriated to Brunei 1 last year under the Interchangeability Agreement between Singapore and the Sultanate. Brunei currency is on par with the134 words
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Article, Illustration610 1978-09-16 2 WHILE the emphasis has been on blue-collar workers for the Industries, whitecollar occupations have Increased, not only In number, but as a proportion of the nation's workforce. Between 1974 and 1977, the total number of workers In clerical, sales, service and related occupations610 words
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443 1978-09-16 2 THE MALAYSIAN government is likely to increase the allocation for railway development under the Third Malaysia Plan from MS2OO million to $250 million. This was disclosed by the Deputy Minister for Transport, Enclk Mohamad All bin Sharlff at the opening of the International seminar443 words
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Article, Illustration535 1978-09-16 2 TEO TECK WENG - By TEO TECK WENG THE SALE of residential properties has become an increasingly important source of funds for developers. The next few months will quite likely see these sales gaining momentum. The man who thinks so is Mr. Ho Whyechung, managing director535 words
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Article102 1978-09-16 2 FIFTEEN Swedish parliamentarians accompanied by two secretaries flew into Singapore recently on a goodwill visit. The Standing Committee on Transportation of the Swedish Parliament was familiarising themselves with certain aspects of development here particularly traffic planning, industrial planning and housing, port and maritime affairs, Asean and102 words
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Article89 1978-09-16 2 THE SINGAPORE Concrete Institute has been formally inaugurated. At a general meeting held in July the following office bearers were elected: president, Mr. Lee Bay Tseng, vice presidents, Mr. Khoo Kay Chal and Professor Bill Lim, and directors, Mr. John S.Y. Tan, Mr. Llm Hoe Peng, Mr. R.89 words
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322 1978-09-16 2 AUSTRALIAN pumps and associated equipment are at present being installed at two key points in Singapore's liquid waste network. The two installations are part of contracts worth more than Asl million (552.6 million) now being finalised In countries throughout South-east Asia by an Australian322 words
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Article319 1978-09-16 2 COURSES AND TALKS Sept l-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 marine319 words
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Page 2 Advertisements
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Advertisement193 1978-09-16 2 On TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty. His renown books in Penguins include The A ffluent193 words
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Page 2 Miscellaneous
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Miscellaneous670 1978-09-16 2 LI TWO-11-ORE CROSSWORD I CRYPTIC PUZZLE ACROSS 4 A split hair? (6) 7 To whom one Is faithful for nothing (4, 4) 8 Pretentious fellows? (8) 10 Terse as an order for fried potato (8) 13 Ancient setting of an essay about love (4) 14 Do castle maintenance? (4) 15670 words
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OVERSEAS
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806 1978-09-16 3 NYT, Reuter. IN THE first tug-of-war over a natural gas Bill in the Senate, President Carter's allies appear to have pulled Into a narrow lead. But the Issue is snarled in a procedural tangle that still endangers the Bill's chances for passage. Congressional officials,NYT,; Reuter. - 806 words
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473 1978-09-16 3 Reuter. THE GERMAN mark foreign loan calendar for the coming month has been boosted to between 865 million and 940 million marks (SS96B million and $1,053 million) from the originally planned figure of around 750 million. Banking sources In Frankfurt said the IncreaseReuter. - 473 words
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Article597 1978-09-16 3 Reuter, Washington Star. THE EEC Commission said it proposes total crude steel production of 31 million tonnes In Its programme for this fourth quarter, up from 29 million In the third quarter and 30.5 million }n the fourth quarter of last year. Of this, 23 millionReuter,; Washington Star. - 597 words
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WORLD IN BRIEF
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Article613 1978-09-16 3 Agencies. PHILIP Caldwell, the 58-year-old Ford Motor Company executive who has emerged as Its fastest rising star in recent months, has been appointed president of the US No. 2 car manufacturer. effective Oct. 16, chairman Henry Ford announced. Mr. Caldwell, who was appointed deputy chief executiveAgencies. - 613 words
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Article151 1978-09-16 3 Reuter. FOURTEEN Near East and North African countries have eased their boycott requirements in individual transactions with US companies, Commerce Department senior deputy Assistant Secretary Stanley Marcuss said. He told the International Trade Club of Chicago that "We have been informed of a number ofReuter. - 151 words
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Article, Illustration312 1978-09-16 3 AP A MINING consortium has been given the go-ahead to develop Australia's vast Ranger uranium deposits in the Northern Territory aft®* three years of negotiations with tha traditional Aboriginal owners. Prime Minister Malcolm Frater (above) announced yesterTi. Prime Minister's Office said it had receivedAP - 312 words
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815 1978-09-16 3 Reuter. THE U8 Federal Reserve Is almost certain to tighten monetary policy following an unexpectedly large US$4.7 billion (BSIO 0 billion) rise In narrowlydefined money supply M-l to $357.3 billion (SsBo4 billion). An imminent move to an Bft per cent Federal fundsReuter. - 815 words
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Article, Illustration632 1978-09-16 3 Reuter. FRENCH President Valery Discard d'Estalng and West German Chancellor Helmut Schmidt yesterday wound up two days of talks with confidence that problems standing In the way of a new ana more stable European Monetary System can be resolved. The two leaders gave theirReuter. - 632 words
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592 1978-09-16 3 Reuter PLANS for a tunnel to connect Britain and the Continent, a centuries-old Idea last burled In 1975, have been revived once more. The British Railways Board decided on Thursday to seek detailed study of a proposal for a US$l billion; (552.25 billion)Reuter - 592 words
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198 1978-09-16 3 FRANCE has launched a new policy designed to develop new industrial products and adapt old products to new markets. French Industry Minister Andre Olraud said credits for new product development will be raised by 30 per cent next year from 250 million francs (8*125 million)198 words
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233 1978-09-16 3 Reuter. LONG-TERM interact rates in Japan will have to be raised If the present decline in secondary market prices of national bonds continues for long, Bank of Japan officials said. The officials said the Japanese government and Central Bank will do their best toReuter. - 233 words
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203 1978-09-16 3 UPI THE Canadian dollar, continuing a strengthening trend, made further gains on international money markets on Thursday, as participants apparently decided the currency had fallen below its real value. At the close of trading on Toronto markets, the dollar changed hands at U886.19 cents moreUPI - 203 words
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Page 3 Advertisements
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Advertisement216 1978-09-16 3 UNITED OVERSEAS LAND LIMITED I incorporated in the republic or Singapore) Subject: Proposed Scheme of Arrangement For Hotel Merlin Singapore Limited The Directors of United Overseas Land Limited ('UOL') announce that an underwriting agreement has been entered into on 15th September, 1978, whereby United Overseas Bank Limited, Jardine Fleming (Singapore)216 words
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RAW MATERIALS
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Article345 1978-09-16 4 THE Singapore market closed yesterday firm with October One RSS buyer quoted at 251.00 cents/ kilo, up 4.75 cents. China did not accept offers but the market went ahead in early afternoon trading to register a peak of 255.25 cents for November on continued buying interest.345 words
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Article347 1978-09-16 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. 247.00 248 OON 248.50 249.SON Int. 1 R.S.S. Oct 249.00 249.50 251.00 251.50 Int. 1 R.S.S. Nov 252 25 252.75347 words
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Article99 1978-09-16 4 NOON SSR and SMR prices yesterday: October Nc ivember RAS (Currew t Mth) (Forward Mth) Buyers Seller* Bwyert I Seller* (cent* per kg) (cen "P"ki SSR 20 (1-ton pallet) 221.50 223 50N 222.50 224 SON SSR 50 (1-ton pallet) 219.50 221.50N 220.50 222 SON MRELB: SMR 599 words
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Article25 1978-09-16 4 Rubber: Sept 15: Singapore: Oct 251.00 cents (up 4.75 cents) Malaysia: Oct 256.00 cents (down 130) Official offering: 235 tonnes (up 69 tonnes)25 words
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Article199 1978-09-16 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 377. 10 pet 352. 15 pet 347. 20 pet 342. 25 pet 332.199 words
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Article384 1978-09-16 4 THE Singapore produce market was quiet yesterday. Prices, however, held steady. After five days of price hikes, pepper prices yesterday held at their overnight levels. Since Friday last week, pepper prices have been marked up $20 per plcul. The latest boost to market sentiment for pepper came from384 words
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Article234 1978-09-16 4 THE sugar market closed yesterday 0.14 US cents higher but prices ended at the day's low on longliquidation ahead of the long week-end holiday, dealers said. Sugar futures prices: Clac Pre* Clag Oct 8.27/30 8.12/15 Jan 8.70/75 8 55/60 Mch 8 85/87 8.71/73 May 9 02/04 8.97/99 Jly234 words
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Article72 1978-09-16 4 YARN and cotton in Hongkong dollars, spot exgodown: Cotton Yarn China: Blue Phoenix 20 s 1.900. 32 s 2.640. 40 s 2,750 (per bale of 400 lbs) Piaea Goods China: Butterfly and Globe brand unq. Dragon Head unq, Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq.72 words
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Article79 1978-09-16 4 C.I.F. North European ports, in US dollars per ton unless otherwise stated LONDON: Thursday PrwkK». Malaysian 5% f fa bulk per tonne November 803 sir 590 sir Sumatra 5% ffa bulk September unch 885 sir October 825/505 pd 610 pd November unch 600 sir December 800 pd 58579 words
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Article41 1978-09-16 4 IN CHICAGO except for a 1 1/4 cent gain In nearhy September, wheat futures settled two to three cents a bushel lower on Thursday. Trade was sparse throughout the session, with small local buying and selling the only consistent feature.41 words
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Article27 1978-09-16 4 IN CHICAGO a flurry of selling in the final minutes pressed soybean futures 5 1/4 to seven cents a bushel lower at the close on Thursday.27 words
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Article35 1978-09-16 4 LEAD on Thursday was up £1.5 for cash and £2 for Three Months. The afternoon market was steady on buying on US account which pushed Three Months upto C 360 on the late kerb.35 words
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Article32 1978-09-16 4 ZINC on Thursday was up £(f.5 for cash and unchanged for Three Months. The market held steady during the afternoon In sympathy with the trend In copper although trading was slow.32 words
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Article149 1978-09-16 4 THE Straits tin price In Penang fell Ms3o per plcul yesterday to $1,885. The drop was a correction to the last few days' advances and was also caused by the sharp Increase in volume of tin concentrates. The overnight lower London Metal Exchange also affected market conditions slightly,149 words
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Article82 1978-09-16 4 THE Malaysian Minister of Finance had fixed these rates for the period from Sept 14 until further notice: Rubber 245 cts a kg, copra $998.28 a tonne, palm kernel $955.75 a tonne, white pepper $4447.00 a tonne, black pepper $2737.31 a tonne. Rubber 56 5/8 cts a kg,82 words
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Article305 1978-09-16 4 COPPER wlrebars on Thursday gained £5 for cash and £6 far Three Months. The afternoon market was quiet with dealings again featured by Influential lending which widened the contango to C 18.75. Three Months closed at C 756 per tonne. Values were marked up on the morning pre-market reflecting305 words
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Article135 1978-09-16 4 HONGKONG silver yesterday closed unchanged at HK5261.00 sellers per 10 ounces in continued dull featureless trading, dealers said. Fix remained unchanged at $261.00. There were no trades recorded. Silver in LONDON gained 1.3 to 1.2 pence on Thursday. Values were marked up In the pre-market following the overnight gains135 words
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Article237 1978-09-16 4 SUGAR futures yesterday opened £1.10 to £0.50 per tonne up on Thursday's afternoon closing levels. Turnover totalled 1,510 lots. The market held around the higher kerb levels at the opening call with profittaking meeting some fresh buying on anticipation of a chart break-through basis March at £114.80, the previous237 words
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Article76 1978-09-16 4 NEW YORK cocoa futures rose 0.65 cent In the nearbys after holding light losses most of the morning on Thursday. Traders attributed the narrow gains to commission house buying, possibly influenced by currency fluctuations. They added that locals appeared to be the major morning sellers while trade business was76 words
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Article160 1978-09-16 4 ROBUSTA futures yesterday ended a quiet morning £4 lower to £9 higher in sales of 3,383 lots Including three options In London. Dealers reported a quiet physical market. NEW YORK coffee futures held midday losses of some 0.41 to J. 50 cents while spot September showed a 0.37 cent160 words
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Article309 1978-09-16 4 THE kllobar In Singapore opened at 8115,323 yesterday and closed at 5515.301. The highest and lowest of the day were $15,337 and $15,265 respectively. The tone remained featureless. Spot gold for London delivery opened at U*****.30/ 60 and closed at U*****.20/.50. The highest and lowest were $210.70/.00 and $209.70/.00309 words
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Article357 1978-09-16 4 IN CONTINUATION of last week's trend, prices reached a new five-year high of 248 (S) and 253.50 (M) cents per kilo for October Int. 1 R. 5.3. However, towards the closing stages of the period, the market lost some two cents as the top levels attracted357 words
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MONEY AND EXCHANGE$
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Article496 1978-09-16 4 THE US dollar was thinly traded on foreign exchange markets yesterday as the Tokyo market closed for holiday. It held steady against most of the major currencies. Opening at 189.90/10 against the yen, the dollar moved higher to 190.00/10 during lunch before gaining ground during London opening at496 words
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Article197 1978-09-16 4 Asian rates ASIAN currency deposit interbank rates M at clow on Sept IS: US IMten <8»at) OChr BM 7 days 1 mth 2 mths 3 mths 6 mth» mth* 12 mths .8 3/4 .815/18 .•3/18 1/2 1/2 .•1/2 sw.rvi (MUUk V* 813/18 7/1 1/18 9 3/8 3/8 3/8 k DM.197 words
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Article48 1978-09-16 4 RANOE of prtcM offend by dtaoount houaes on Sep* 15 Overnight I* to SS* Call depculU 3Ni* Quit Bertac WIN 3-month TrMJury MUs 3 »/l« 1 7/W 3-month Bank Mill 7/16 V18 3-month CD 6 3/4 M •-month CD 6 7/! 3/4 Source: National Discount Co Ltd.48 words
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Article111 1978-09-16 4 THE US dollar closed yesterday marginally firmer than its New York overnight levels In relatively quiet trading with Tokyo markets closed and ahead of a local holiday here on Monday, dealers said. It was quoted at 190.15/25 yen compared with 190.05/20 In the US, at 1.9830/40 marks against 1.9820/30111 words
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Article58 1978-09-16 4 ZURICH exchanges closing quotes on Thursday: US 1 5000-6000 Stg 3 1260-1310 Can 1 3770 3792 D Mk 80 4786-6200 O F1 74.6509-1780 FFr 38 5770.6858 B Fr 5 0973-1086 D Kr 29 2208-2841 N Kr 30.4054-4551 8 Kr 38 0203-0817 Ut 0.1916-1920 AUS sch 11.1390-1607 Port 3 4951-514858 words
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Article52 1978-09-16 4 AUSTRALIA/NZ exchange* quote* yesterday: US dlr 1 1541/1.1499 Sterling 0 5903/0 5838 Ninety-day air mall buying rata*: Sterling 0.0005 US din 1.1884 Ninety-day forward buying rate*: Sterling 0 5878 08 dlr* 1.1511 NEW ZEALAND Sterling 0 5408/0 5379 US dlr 1.0824/1 0524 Ninety-day airmail buying rates: Sterling 0.5805 US52 words
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Article45 1978-09-16 4 FRANKFURT »chtnfei closing quote* on Thursday: US 1.9885/80 Can 1 7120/40 8t» 3 882/882 O Fl 82 05/15 S Fr 123.80/124 00 Ut 2 388/382 F FT 45 45/56 Ten 1 0405/25 B Fr (con) 8 344/354 B Fr (fin) 8.158/188 N Kr 37.88/8045 words
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Article41 1978-09-16 4 RESULTB of tender held on Sep 15 for 91-day Treasury Bins to be issued from Sep 18 to Sep 22 Offered: $25,000,000 Applied: $113,000,000 Allotted: $25,000,000 Accepted bids: $99.12 proximately 15* higher Average rate discount on allotment: 3.510H pa41 words
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Article213 1978-09-16 4 THE dollar yesterday firmed against major currencies compared with overnight levels, shaking off early hesitancy In quiet end-week trading, dealers said. Eurodollar deposit rates also firmed. Foreign exchange trading is overshadowed by sometimes conflicting reports from the Camp David summit on the Middle East, dealers said. News of a213 words
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Article179 1978-09-16 4 THE dollar on Thursday closed somewhat weaker frbm opening levels in sporadically active trading, dealers said. They said the currency fluctuated In line with various statements emerging from the Camp David summit. However, the absence of any concrete developments continued to exert a negative influence Qn the dollar,179 words
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Article153 1978-09-16 4 Euro rates LONDON Eurodollar deposit rates yesterday opened ftrm following news or the Increase In the US money supply and In anticipation of Increases In US prime rates, dealers said. Period deposits were generally 1/16 higher with Four Months adjusted around 3/16 higher for a Friday end-of-period. Early business was153 words
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Article21 1978-09-16 4 THE average rata at which Singapore banks are currently prepared to lead to their beat customer* is 7.25 par cent.21 words
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Page 4 Advertisements
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Advertisement225 1978-09-16 4 The combined effort of many off the weald's best medical minds Medical and Health Annual This decade has witnessed tremendous number of new discoveries in medicine, and some of the greatest advances in medical knowledge the world has known. Keeping abreast of all these new developments is an awesome task225 words
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TRANSPORT
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Article, Illustration475 1978-09-16 5 Reuter THE SOVIET Union's supersonic airliner, the Tupolev-144, has been quietly withdrawn from passenger service for unexplained reasons. The move was disclosed by an Aeroflot flight enquiries official who told a would-be passenger by telephone that the "Concordsky", rival of the Anglo-French Concorde, would not be flying thisReuter - 475 words
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Article, Illustration143 1978-09-16 5 THIS Kabbit is not the latest recruit to Britain's animal kingdom but a sleek four-seater speedboat recently announced by a British company. It can be used for endless hours of waterborne fun with just a 25hp outboard motor which is adequate for143 words
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Article, Illustration325 1978-09-16 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bassein (0630 after New Star) 27/28 Bunga Mas (1600 after Golden Bear) 18 Dalhaku Maru (1700) 19 Golden Glory (1700 after King Dragon) 23 Jesenice (1500 after Jalamotl) 42/43 Nlchlku Maru (1700 after Palm Sea Horse) 15/16 Rajah Brooke (1300 after Perak325 words
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459 1978-09-16 5 BOEING Vertol, the helicopter manufacturing division of the US Boeing group. Is planning to spend up to US$72 million (about Ssl62 million) over the next 10 years in the UK as part of the deal signed this year with the British Ministry of Defence459 words
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303 1978-09-16 5 Reuter. TRAIN shipments of vital aviation fuel to Tokyo's new international airport at Narita was suspended from yesterday In anticipation of sabotage attempts by leftist radicals who had recently stepped up their campaign of violence. The suspension until next Sunday of the fuel shipments, however,Reuter. - 303 words
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Article247 1978-09-16 5 UPI. DOCK workers across Australia returned to work yesterday, ending a fiveday walkout that cost shipowners AS23 million, and Australia Si 15 million In lost export earnings (SS6O million and $300 million respectively). The waterfront workers returned to their Jobs at noon and shippers saidUPI. - 247 words
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Article182 1978-09-16 5 UPI BUSINESS remained in sufficient volume to maintain a reasonably steady tone around the market on Thursday. Time chartering accounted for the lion's share of reported details, but there was some indication of more tonnage moving from North American grain outlets. 1" the East, Shlnwa booked the 00,860UPI - 182 words
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Article221 1978-09-16 5 UPI THE US Houie of Representatives on Thursday pawed i legislation to give air carriers up to US$4 billion (559.2 billion) in tax refunds to make their aircraft comply with Federal anti-noise standards. The Administrationbacked measure would reduce the current Federal excise tax on passengerUPI - 221 words
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Article723 1978-09-16 5 ARRIVALS nl n V wrvice Local Operator Number Thee From CAL CI 333 0040 TPE/HKO/KUL MAS MH601 0700 KUL MAS MH682 0725 KCH SLA SQ10I 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP CPA CX710 1005 HLP723 words
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Page 5 Advertisements
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Advertisement217 1978-09-16 5 r Investment opportunities in oil palm The latest issue of the ASEAN Business Quarterly is full of interest for the businessman (or woman) who wishes to understand, in easy-to-read language, the realities of the ASEAN economies in relation to the economies of the western industrial world. Tables and graphs illustrate217 words
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317 1978-09-16 6 RUMOURS themselves are a natural accompaniment to any activity that depends on communications. Rumour-mongering, however, Is a despicable trait, (or even those who pass on half-truths and outright lies In all Innocence do so normally to the benefit of a few and the loss of317 words
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Article243 1978-09-16 6 LOCAL companies do not enjoy the fairly continuous finger-pointing to which they are subjected. Yet it is true that most of them have been sluggish both in product promotion and in research and development. R and D is essential because it also aids product promotion. It243 words
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Article, Illustration1215 1978-09-16 6 RUTH DEAN - A lot of consumers think it's worth it to trade off a fancy picture label for a can marked just plain 'Cut Beans' Singapore's supermarkets have made tentative movements towards generic products goods which have no labels and sell much cheaper than expensively packaged items. But theNYT - 1,215 words
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Page 6 Advertisements
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Advertisement278 1978-09-16 6 ■5-'-t*. k ft. DflLVflrtlUS 6 Ttit fftscinfiTioris Just dont mIM them at the lon Bar white they pulsate their audience with their rhythmic a ways ot their bellies to the gentlenaea of their voices. Also on staga to a non-stop musical delight: Sonny Bate 4 The New Moongioaw The Trend278 words
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Page 6 Miscellaneous
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Miscellaneous60 1978-09-16 6 OUTLOOK for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 pm on Sept. 15 at the airport: Maximum Temperature 31.4° C Associated Humidity 63 Minimum Temperature 23.1° C Associated Humidity 98 Hours of Sunshine 6.15 Rainfall in Millimetres 0.4 Total Rainfall for60 words
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Miscellaneous372 1978-09-16 6 tv&radio (Repeat) 7.05 Misteriaws (Last Episode) 0 7.15 Solar Research (Last Episode) 7.30 News in Malay 7.45 Donny And Marie Show 8.30 Delvecchto Licensed To Kill with Malay subtitles 9.30 News and Newsreel in English 9.55 Big Hawaii Danger In Paradise (Pt.2) Starring: Cliff Potts, John Dehner, Lucia Stralser, Bill372 words
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1239 1978-09-16 7 COLIN HARTLEY - Singapore companies know the importance of innovation and product development But few ever get these under way. COLIN HARTLEY, an accountant and assistant director of management development programmes at Bradford Management Centre, gives some no-nonsense guidelines on how investment management canFT. - 1,239 words
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Article, Illustration154 1978-09-16 7 CHINA'S drive to end Its Isolation from the West Is taking directions other than diplomatic, a news report from Paris says. Peking has invited French fashion designer Pierre Cardin for a visit. The courturier will be in China at the end of November and the visit,154 words
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Article530 1978-09-16 7 IN CONSIDERING capital expenditure projects there is an appealing logic which suggests that such, prelects be ranked against the compe ay's "cost of capital" and accepted if their potential return is higher than this cost. Indeed, many people suggest that British industry is denying itself lucrative projects because530 words
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989 1978-09-16 7 NIGEL HAWKES - FORUM r ...0D computers L 4 By NIGEL HAWKES OFNS. THE MOST far-fetched consumer product yet devised the home computer is beginning to find a substantial market In the United States. Where America leads, the rest of the world tremblingly follows; and many people elsewhereOFNS. - 989 words
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Page 7 Advertisements
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Advertisement355 1978-09-16 7 m rtmVfiwsiM! *r i >"?*' New Japanese Restaurant KlKU^j} serving authentic Japanese food Now. at the IMPERIAL BAR f'f A Ji« "P Tqpan Yikki Temjxira Shashimi *Sukivaki *ShabuShabu KIKU JAPANESE RESTAURANT ORCHID INN Tei 53H22 214 Dunearn Road Singapore 1 1 Wliflßßl u h v J i Come, listen to355 words
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Page 7 Miscellaneous
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Miscellaneous59 1978-09-16 7 come. On JOJ€£ DON'T Be P* OLD STICK IN TMC. v^yjo.... v/ou CPN'T* rneei N6JU) FpyGGJS IN TH6. CFKNTejfcN Brlstow: FiarJc Ih ckcnS SPRING «S Vfe-Re LONCVA IN TMC Pp\R<*? f>»o fie.Bg... cBNTceN *s roae. my STyue; \NTy4eR\R*C— Va)HO <NOtJS ljwpt rniGHT I HPvPReN p \N THE. SPRING Pi NCAJNG»59 words
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INTERNATIONAL STOCKS MARKETS
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Article411 1978-09-16 8 HONGKONG Source: SHK Sec LOCAL selling pressure dominated the market again yesterday ahead of the long week-end despite excellent half-year results from Swire Pacific and generally expected results from Swire Props which Lut the market better in ondon overnight and HK In early trading. The only strengthSource: SHK Sec - 411 words
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Article358 1978-09-16 8 VRANIUMS. leading lnMflKtrlals and selected dla•fltmds led the day's gains, dealers said. uraniums rose on reports the Nftfthern Land council will sign ths Ranger agreement. Peko firmed 20 cents to ASS.S4. Queensland mines 10 to $4. Kathleen Investments 15 to $3. industries two to $3.30 and Pancontlnenal 30 to358 words
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Article230 1978-09-16 8 Sept 16 Baht Bangkok Bunk 368 unch Bunk of Ayudhaya 264 Ltd -2 That Dunu unq Thai Farmers Bank 356 2 Thai Commercial Bank 694 +6 Bangkok Metropolitan Bank unq Industrial Finance Corp 2455 unch General Finance 302 H Bangkok Investment 314 >2 First trust 282 ♦2 Raja Finance230 words
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Article103 1978-09-16 8 SEPT IS Pesos Acoje Mining .01 unch Atlas Con A Atlas Con. B 22 10 +0.2 Baguto Gold 0115 ■*■0 0005 Benguet Con. B 37.50 -0 5 BF Goodrich 23 50 ♦0.5 CDCP 27 00 1.25 Inco B Landoil 017 unch Lepanto B 25 unch Mannduque B 7.75 ♦0.15103 words
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Article64 1978-09-16 8 FINANCIAL TIMES INDUSTRIALS Thursday 535.5 Wednesday 534.3 Week Ago 508.7 DOW JONES AVERAGE INDUSTRIALS Thursday 887.73 Wednesday 899.00 Week Ago 893.71 LONDON DOLLAR PREMIUM Thursday 95 v, to 96 Wednesday 95* to 95*> H.K. HANG SENG Friday 642.60 Thursday 661.49 Week Ago 697 .25 SYDNEY INDUSTRIALS Friday 471.3364 words
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Article15 1978-09-16 8 TOKYO: The stock market was closed yesterday for Respect for the Aged Day holiday.15 words
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Article19 1978-09-16 8 THE TORONTO market report and price* for Thursday were unavailable due to a technical fault at the exchange.19 words
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436 1978-09-16 8 EUROPEAN MARKETS THE PARIS market on Thursday was mostly higher In active trading and on buoyant sentiment. Bourse sources gave no specific reason for the rise apart from news that the government Is launching a new policy aimed at encouraging French firms to match competition436 words
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Article274 1978-09-16 8 SEPT M Fra CORBEILLE Alr-Uqulde BSN Gervats Danone CS F (ThomsonCaf) Cie Franca tse des Petroles Compagnle Flnanclere Compagnle Generate Credit Foncler De France Hachette (Llbralrle) Machines Bull Mlchelln (B) Partbas Pechlney Clglne Kuhlmann Peugeot' Philips (Nv Gem Berlt) PnntempsSA Rhone-Poulence 8A Royal Dutch SueziCle Flnan De) Thomson-Brandt Uslnor274 words
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Article188 1978-09-16 8 SEPT 14 Franc* >/- Actions Sultan 287 unch AlusulsseBr. 1140 unch Alusuisse Reg SOI unch Brown Bowl Br 1835 >20 Clba Oelcy Br 875 >10 Clba Oetcy PC 725 -15 Ciba Geigy R*g SOS ♦2 Credit Suisse Br 2280 >15 Credit Suisse Reg 440 >8 Elektrowatt Br. 1830 unch188 words
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Article211 1978-09-16 8 SEPT M Dm Aef-Telefunken 84 ♦0.4 Ak«o 30 80 ■0.1 All* Leben 710 10 All* Vert 527 ♦6 BASF 140 40 ■05 Bay H T W ban It 293.10 Bay Vbank 330 urvch Bayer 142 SO -0.9 BBC 307 B BMW 225 50 -S Cass* 1 la 42S +5211 words
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Article221 1978-09-16 8 SEPT M PU ABN 389.00 ♦2 Ahold 114.80 -1.7 Akxo 33 90 -0 8 AMEV 93 30 1.3 Am. fas 116 20 •1 AmrotBank v 84 80 ♦0.3 Bergoss 87.00 -0 5 Berk 101.50 •03 Bols 78 20 -0 3 BorsumlJ 172 SO ♦0.5 Hurhmann 75 20 •0.5 Byenkorf221 words
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Article381 1978-09-16 8 Johannesburg. Gold shares up GOLD shares closed mostly higher but selective Issues were off the day's best levels on Thursday. Volume was higher than of late, with shares moving ahead on the sharp Increase In the bullion price. Gains ranged to 185 cents In heavyweights. Mining flnanclals followed holdings higher.381 words
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431 1978-09-16 8 NTT EVER sine* California voters ovwwhelmingly approved proposition IS and thus reduced local real aetata tax revenues from US$l2 billion to S6 billion annually. uwnoisof municipal bonds o»my whmo have worried about direct and ripple sflbcts on their hMhp In effect this tax roUbackNTT - 431 words
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Article92 1978-09-16 8 SEPT 14 Ft* FOBWAM) MARKET Acec 443 ♦J Arbed 2435 35 Astur 788 90 Br&scan 480 ■4 Bru-Lamb 1830 unch Canpac WO -24 Cock 485 20 De Beer* 242 •1 Ebes 2310 unch Electrobel 08)0 -20 Ob-Irino-Bm 2395 -5 Oev 1488 -a Hobo it 2720 20 Petro 3880 •592 words
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Article97 1978-09-16 8 SEPT 14 Urt Ante 128 10.29 Assoc Oeo ***** -500 Bailor 750 4-57 Central* soss -79 Flat 2435 -40 Flnskler > Oen Immob 98 75 15 25 in Pn 2854 -41 Italcementi 18SOO -130 Italgaa 835 20 IUUlder ***** 28 5 Magnetl M Pf 510 19 Marelll Ere 34797 words
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Article1186 1978-09-16 8 NEW YORK STOCKS took their steepest slide in months u Interest rate worries on Thursday combined with disappointment over the lack of progress at the Camp David summit continue to depress prices. Analysts noted the market has been In an extended rally for several months1,186 words
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Article1852 1978-09-16 8 September 14 r CHICAGO Board Options Exchange volume eased to 140,374 contracts on Thursday from 100,253 on Wednesday. OPTIONS OCT JAN APL STOCK 1 Alcoa 40 a* 77/8 6* 467/8 Alcoa 45 3ft 4* 6ft 467/8 Alcoa to 1ft 3 46T/8 Am Tel 96 UNTRD UNTRD UNTRD1,852 words
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Page 8 Advertisements
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Advertisement345 1978-09-16 8 The LIFE Library Of Photography helps you to see great picture possibilities -all around you... J o 1R r The Life Library Of Photography JJEac/) volume measures 10'/< x 10 1 Inches (26 x 26 cm). Hard cover, silver S&mped black-cloth binding. 240 pages. Approximately 300 illustrations, many in Mil345 words
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INTERNATIONAL COMPANY NEWS
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904 1978-09-16 9 N. AMERICAN FT DURING THE RECENT ttorry of foreign banking takeovers In the US, one bank has featured more than most as a possible t&r--fl&t: the Bank of New York. Apart from possessing a memorable name and some U556.4 billion In assets,FT - 904 words
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239 1978-09-16 9 AN "EXCEPTIONALLY strong" third quarter is reported by Fluor Corporation, the process plant and construction group, whose •arnings In the first half frere hit by the prolonged strike In the US coal industry. Net earnings for the third quarter have Jumped to US $23.5 million239 words
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150 1978-09-16 9 Reuter J.P. STEVENS and Company agreed with the US government on Wednesday to settle out of court, 47 union charges alleging violation of US labour laws at five South Carolina plants. The allegations, which go back to April last year, were brought by the AmalgamatedReuter - 150 words
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385 1978-09-16 9 Reuter BORG-WARNER Corp said its Byron Jackson pump division in Los Angeles received a US$4O million contract to supply main reactor coolant pumps for nuclear power plants. The company said the contract, signed with Babcock and Wilcox Co's nuclear power generation division, initially callsReuter - 385 words
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Article413 1978-09-16 9 Reuter. MASSEY-FERGUSON will reduce Its work force to 58,000 from 67,000 worldwide, a move expected to result in a pre-tax savings of about US$lOO million which will be reflected in 1979 fiscal results. The newly-appointed president, Mr. Victor Rice said the lay-offs would cost the companyReuter. - 413 words
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Article248 1978-09-16 9 Reuter. IN A MOVE to Improve its small car leadership, the General Motors Corporation announced it would reduce prices on Chevrolet's 1979 Monza subcompact by as much as US$ll2. GM vice-president and Chevrolet general manager Mr. Robert LuJid, said at a. preview of the Monza thatReuter. - 248 words
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298 1978-09-16 9 FROM SALES up 11.3 per cent to C 446.2 million In the first half of 1978, profit before tax of Cadbury Schweppes at' 1'18.5 million compared with £18.7 million, are broadly In line with expectation. Sir Adrian cadbury tne chairman, however, said the group298 words
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Article185 1978-09-16 9 THE US-owned Marathon Shipbuilding Company, which saved 2,000 Jobs when It started building oil rigs In Scotland six years ago, has given 90 days notice of Impending redundancy to about 900 workers. The management of Marathon's British subsidiary said this step was necessary with the185 words
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784 1978-09-16 9 EUROPEAN TWO YEARS ago, in a much-criticised decision, the UK government announced that Tate and Lyte's bid for Manbre and Oarton would not be referred to the Monopolies Commission. That the merger would significantly reduce competition was not in dispute: the new group would784 words
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Article195 1978-09-16 9 Reuter CAVENHAM Ltd Uld its consolidated sales came to £1.66 billion (£1.72 billion) in the year ended March 30, 1978. Distributable profit came to £22.7 million (£20.8 million) after preference shareholders received £4.7 million (£300,000). The company is a subsidiary of Generate Occidental SA. Turner andReuter - 195 words
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231 1978-09-16 9 F S.AFRICA i Reuter. DE BEERS Consolidated Mines Ltd could be gearing up for a major Investment outside the diamond Industry, HI 11 Samuel Oroup (SA) Ltd, senior portfolio manager, Mr. Des Mayers, said. But a spokesman for De Beers declined comment on theReuter. - 231 words
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Article118 1978-09-16 9 AFP. BMW SOUTH Africa has successfully negotiated extension of the export contract with Iran, which will entail export of 3.000 cars to that country. It will increase the present quantity exported from 150 to 250 per month. The contract Is expected to be completed towards theAFP. - 118 words
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Article61 1978-09-16 9 VOLKSWAOENWERK, the giant West German car maker, denied It was holding merger discussions with British Ley land. The company was commenting on British press reports that Ley land, the leading British car manufacturer, was holding merger talks with either Volkswagen or the French car manufacturer Renault.61 words
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Article304 1978-09-16 9 W' m ASIAN Reuter. TOYOTA Motor Co Ltd said its vehicle exports in August fell 22.4 per cent to 95,380 from 122,890 In July and down 0.2 per cent from 95,541 in August last year. Nissan Motor Co Ltd said its August exports also fell 13.4Reuter. - 304 words
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226 1978-09-16 9 Reuter SWIRE Properties Ltd announced an Interim dividend of eight cents (6-1/2) for first half 1978. Books closed Sept 28 to Oct 12 Inclusive. Uaudlted consolidated net profit came to HK552.6 million ($6O million). ine company also announced HKSIO.I million extraordinary profit arising from sale ofReuter - 226 words
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Article72 1978-09-16 9 Reuter. THIESS Dampler Mitsui Coal Pty Ltd has signed a contract to supply Shell Australia Ltd with 1.5 million tonnes of steaming coal over 5-1/2 years from July next year. A spokesman for the coal company said Shell is buying the coal as principal and will probablyReuter. - 72 words
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Page 9 Advertisements
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Advertisement222 1978-09-16 9 ANDREA= NEWMAN in Penguins •4T a ftw short montfw a whole family VIK gains the tenae momentum of k thrift* j Penguins is curremly Another Bouquet is Andrew Newman's sequel to ABouquet of Barbed Win. PrueisgHH dead, but Gavin and Manson cannot let her go. Her presenqs lingers In the222 words
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DEALS DONE ON THE SES AND KLSE
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Article1402 1978-09-16 10 BID and offer price* officially listed and business tn and reported to tbe Jhack fctchanf* of Winipnrt yssterwith the number ofSana traded Mhown tn bracketa In lota of 1,000 aa«£s unlea* otherwUa Time Settlement Contract* are quoted after the word "«ett." Bit Board deal (in lots of 2,OOOunlta)1,402 words
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Article109 1978-09-16 10 4 1/2% 1/8/88 (250,000) (88.508 88.886) 4 3/4% 18/8/88 250,000) (90.858 100.058) C% 18/4/81 (250.000) (100.108 100.208) 13/4% T F 18/6/81-84 250,000) i 102 358) 7% 1/VH (250,000) (100.708 100.858) 7 1/4% 18/4/86 (250,000) (100.75B) 7 1/4% 18/18/88 (250,000) (100.75B) 7 1/4% 1/6/87 (250,000) (100.70B) 4 V 4%109 words
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Article43 1978-09-16 10 BTRIKINO prices of the stock options officially listed on the Btock Exchange of Singapore, the periods, bid and offer prices and business done yester- day with the number of options traded shown in brackets. Sine Darby (Sept $2 00) (1 80S).43 words
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Article2427 1978-09-16 10 1*78 High Low Company Last Sale +orGr's Dhr Dhr Crr Gr's Yld Net P/E Vel C888) Day High Low t «c SECTION ONE INDUSTRIALS 272 238 178 219 -,2*5 111 276 326 245 MO 132 123* 112 133 195* 60 V. 162 173* 140* 256 Acma Alcom2,427 words
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Article137 1978-09-16 10 ONGAPOBI UNIT TKU>T WCOiq BOND UNIT The Commerce ihthfi it) 2 43 2.58 INCOGS BOND 1.08 l.A Tl* te ring Fund 8'pore Prof Fund 1.53 1.14 1.82 lJlad NAKA BIJMIPtTRA FUND 8 poreSecurltjr 2 06 2.17 1.51 Ftrit Bumiputrm 3.42 3.4T 8 'pore Invest Fund 1.41 Second Bumiputrm137 words
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Article1895 1978-09-16 10 810 and offer prices officially luted and business In and reported to the Kuala Lumpur Block Exchange yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless otherwise specified. INDtfSTBIALS AJtnntata (M9S) Alaani (3.358 3.408) CD. Dsta (MM). Ban and Ca1,895 words
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Article, Illustration656 1978-09-16 10 BULLS unleashed (Mr hall Airy yesterday after allowing themselves to be mauled tor four successive days. After a hesitant start, the market never looked back. As institutional' funds poured in, cashing in m the cheap buys, the small man clamoured fer a656 words
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581 1978-09-16 10 A COMBINATION of shortcovering and bargain-hun-ting helped prices to recover across a broad front on the Kuala Lumpur stock market yesterday. After four successive days of decline, the New Straits Times industrial Index regained 13.03 points to 436.97 while the volatile Malaysian581 words
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Article89 1978-09-16 10 TIMURAN Holdings BW« Unaudited group pre-tax profit M 52.06 million million), six months ended! June 30. on turnover $34.31* million ($24.87 million). Parent company pre-ta* profit $132,000 (same). Company said groups profit rose because of ln-» creased contributions from* its subsidiaries, eastern! Agency (If) Bhd and89 words
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COMPANY NEWS
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Article, Illustration1078 1978-09-16 11 THE COST HEADACHE THE third year of decline in profits at Pan Malaysia Ce- ment Works was due to the 'continuing poor showing of 4jts cement companies on -tooth sides of the Causeway. -'"Both associates, Pan "Malaysia Cement Works (Singapore) as well as1,078 words
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Article355 1978-09-16 11 Current Ex Books Date Total for Total for payment Date close payable the year previous year UOB 5%I Aug 21 Aug 28 Sept 18 5% 12*% Alex Hide* 5%<b) Sept 1 Sept 11 Sept 18 5% 5% Bata 6%I Aug 17 Aug 29 Sept 25 8% 18% Paper355 words
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Article154 1978-09-16 11 Company Particular* Ex Date Books Clow Sea lota GmtEutmUfc Bonus issue of 1 for 4 Aug 90 Sept 12 Bonus issue of 1 for 2 Sept 1 Sept 11 M Tobacco Bonus issue of 1 for 1 Sept 6 Sept 16 IhlUlM Cuhhti Bonus issue of 1 for154 words
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Article, Illustration648 1978-09-16 11 ARTHUR NG - By ARTHUR NG MAGNUM Corporation's interim performance bears testimony to the age-old saying of not throwing good money after bad. The company, better known as Empat Nombor Ekor, has to provide for further extraordinary losses for its Investment in defunct associate Malaysian Titanium648 words
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Article, Illustration269 1978-09-16 11 LOW LEE CHOO - By LOW LEE CHOO REFLECTING the further recovery of its property division in Butterworth and Bukit Mertajam, Bandar Raya Developments staged a strong advance in its interim profits. Unaudited group pre-tax profit for the first half-year ended June 30, 1978 rose 51 per269 words
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553 1978-09-16 11 LOO GIAP SENG - ir LOO GIAP SENG KAMUNTING Tin Dredging (M) haadeclared a dividend of 12.5 cents per share less tax despite an after-tax loss of $191\885 resulting from a higher tax charge of $1.2 million and a charge on transfer of control to Malaysia of553 words
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Article139 1978-09-16 11 PUBLIC Bank Bhd said it proposed a bonus issue of one-for-four by capitalising MM million from general reserves to increase the paid-up capital to 20 minimi shares of MSI each from If million. The company said the new shares, subject to the approvals of the Koala Lumpur139 words
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Article241 1978-09-16 11 JACK Chia-MPH Ltd: AGM to-be held at the Gardenia Room, ShangriLa Hotel, 22, Orange Grove Road, Singapore, at 12 noon on Sept. 16. Selangor Dredging Berhad: AGM to be held at Wlsma Teh Wan Sang, 2nd Floor, 12-B, Jalan Bandar, Kuala Lumpur, at 11.00 a.m. on Sept. 20.241 words
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LATEST RESULTS
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78 1978-09-16 11 Unaudited after-tax profit M 5723,000 ($432,000), six months ended June 30. Sales $16.29 million ($18.04 million). Interim dividend 6 per cent gross (nil), payable Oct 27 to shareholders registered on Oct 6. Company said sales were reduced mainly because of Industrial and technical problems which78 words
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Page 11 Advertisements
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Advertisement31 1978-09-16 11 The Love of V ooking T N| h V* I I aS EC M V '*1 M r*W k x kW a o Li r* 311 I 233 cm. Kenneth Lo31 words
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Article, Illustration772 1978-09-16 12 Washington star, Reuter. US TREASURY Secretary Michael Blumenthal has broadly hinted that the Carter Administration will accept a Tax Bill consN gerably different from its original proposals as long as a Tew elements of reform survive. He predicted that when th£ dust settlesWashington star,; Reuter. - 772 words
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Article147 1978-09-16 12 Reuter. SEVEN firms submitted bids seeking to buy the 71.12 tonnes of grade "B" stockpile tin which the US General Services Administration is authorised to sell, a department spokesman said. The firms submitted bids totalling 340.36 tonnes, ranging from a low of US$5.B6 a poundReuter. - 147 words
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Article47 1978-09-16 12 Reuter. THS US Agriculture Department (USDA) has asked for public comments dfx proposed revisions in rules regarding ocean transportation of commodities. financed under PL 480 regulations. Qomments on the proposed revisions, published In the Federal Register, are required by Nov 13, USDA said. Reuter.Reuter. - 47 words
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431 1978-09-16 12 AP INTERNATIONAL coffee talks moved Into their third day yesterday as the executive board of the International Coffee Organisation decides on the best npethod of setting up worldwide export quotas to stabilise wildly fluctuating market prices. Producers and consumers will have to agree onAP - 431 words
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Article267 1978-09-16 12 Reuter. THE United States needs to adopt a new approach to deal effectively with Its problem of cheap steel Imports, said the president of Nippon Steel Corporation, Japan's biggest steel firm. Mr Elshlro Saito yesterday said the existing US "trigger price" system, designed to prevent qperseas suppliersReuter. - 267 words
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Article739 1978-09-16 12 LONDON. Frl Shares fell on profit-taking after the recent sharp rise, dealers said. Trading was moderate. At 3pm. the Financial Times index was down 7.4 points at 528.1. Gbvernment bonds were unsettled by the rise In the US money supply which pointed to hkher interest rates, dealers added739 words
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329 1978-09-16 12 AFP. SWINDLERS operating out of Hongkong have pulled" off what looks like one of the higgeet frauds in shipping history, the Far Eastern Economic Review reports in its latest issue. Hie bizarre swindle involved, among others, a fictitious Soviet Ministry official in Hongkong,AFP. - 329 words
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550 1978-09-16 12 AFP. THE INDIAN government has announced a further liberalisation of Its Import policy for the current fiscal year. The revlaed policy provides for import replenishment for electronic Items by adding several new items for import, against the exports of related products. Imports will also beAFP. - 550 words
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Article173 1978-09-16 12 Reuter THE Japanese government has decided to appropriate 7.9 billion yen (5594.8 million) in a supplementary general account budget for a fund to write off part of cumulative debts of the poorest countries in Asia and Africa. The amount will form part of theReuter - 173 words
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94 1978-09-16 12 Reuter LONDON money brokers Astley and Pearce will start foreign exchange broking operations on the Tokyo market from Oct 1, a spokesman for the Japanese Foreign Exchange and Money Brokers Association said. He said the association has approved membership In the association byReuter - 94 words
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296 1978-09-16 12 UPI THE .HEAD of Mexico's state-owned oil company has pledged to keep world prices for Mexican oil and gas at "fair levels." Mr. Jorge Diaz Serrano, director general of Petroleos Mexlcanos, said Mexico's geographic situation and Its new production could be misunderstood asUPI - 296 words
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170 1978-09-16 12 SINGAPORE Electronic and Engineering (Pte) Ltd and ITT Regelungstechnik, the West Oerman subsidiary of ITT of the US, will 'supply and Install a computer system that will control the electrical and mechanical systems at the new Changi Ihternational Airport. The equipment, called building170 words
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Article218 1978-09-16 12 AP. JAPAN plans to lend China funds to develop offshore oil in the Pohal Oulf and accept repayment In oil, said Kyodo News Service quoting reliable sources. Japan, however, will propose a different way Co share the risks of developing undersea oil off the mouthAP. - 218 words
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274 1978-09-16 12 Reuter TAIWAN'S Cabinet has given its approval for exporters to hold foreign exchange earned from overseas sales In foreign currency deposits and to sell it in the foreign exchange market or sell it to the central hank. Under current regulations. exporters must sellReuter - 274 words
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Article96 1978-09-16 12 Reuter. A 10-MEMBER Taiwanese mission will leave on Oct 1 for Washington for the third round of US-Taiwan trade talks aimed at reducing customs tariffs, Taipei's Central News Agency reported. Vlce-Mlnlster of Economic Affairs, Mr. Y.T. Ing. will head the mission. Talks were originally scheduledReuter. - 96 words
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272 1978-09-16 12 Reuter. THE ECONOMY -stimuli ting measures worth 2.50 billion yen (Ss2B blUio&j announced by the Japanese government «arly thh month are expected to require a net Increase of onH .145 billion yen (SSl.e billion) In the fiscal 1918 general account budget, tp 34,440Reuter. - 272 words
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Article88 1978-09-16 12 Reuter. THE US Comptroller of the Currency John Helmann urged a more competitive environment In commercial banking through the relaxation of government regulations. Mr. Helmann said the opportunity for change has been presented by a congressional mandate bo review the future of branch banking and the McFaddenReuter. - 88 words
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Advertisement204 1978-09-16 12 c oO<* aOCV \s^ e The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through the204 words
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