The Business Times, 23 September 1978
1978-09-23
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The Business Times
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Title Section11 1978-09-23 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, SEPTEMBER 23, 1978 tn rpNTc11 words
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BRIEFLY...
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Article134 1978-09-23 1 Reuter. LONDON, Frl. Sterling today sank to Its lowest rate against the Swiss franc and also lost ground to other currencies including the beleaguered dollar under the Impact of a pay dispute at the Ford Motor Company s British factories. Unions representing Ford's 56,000 manual workers are askingReuter. - 134 words
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Article51 1978-09-23 1 Reuter. TOKYO, Fri. Japan's Toyota Motor Company is recalling 15,000 Corolla cars and 342 Coaster microbuses to replace defective parts. The Corolla cars have been found to have defective steering shafts, while relief valves in the fuel tank of the buses have been found to be defective.Reuter. - 51 words
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Article87 1978-09-23 1 Reuter. JAKARTA, Fri. Indonesia and Japan have agreed to raise the cost of the big Asahan project (an aluminium smelting plant and a power station In north Sumatra) from 250 billion to 411 billion yen (from B*3 billion to $4.9 billion), Industry Minister Suhud said today. The riseReuter. - 87 words
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Article75 1978-09-23 1 Reuter. PEKING, Fri. A trade magazine, China's Foreign Trade, has publicised regulations for registering trade marks in the country as a further reflection of Peking's drive to boost Its oversea trading contacts. The following words or designs may not be used as or in trade marks: those identicalReuter. - 75 words
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Article80 1978-09-23 1 UPI. BANGKOK, Fri. Thai Prime Minister Krlangsak Chomanand said proposed Joint arms production with Singapore Is not connected with the Association of South-east Asian Nations. Speaking after a dinner he gave for Singapore Deputy Prime Minister Goh Keng Swee last night, Gen. Krlangsak said the recently agreed JointUPI. - 80 words
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Article72 1978-09-23 1 AFP. TOKYO, Frl. The Japanese electronics Industry today expressed surprise and serious concern over a US Treasury Department decision to collect anti-dumping duties assessed on Japanese colour television sets. Industry sources said the decision may seriously affect Japanese exports of not only colour TV sets butAFP. - 72 words
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Article55 1978-09-23 1 UPI. NEW YORK, Frl. Bargain hunters sent stocks higher early today In fairly active trading. Gambling Issues attracted attention. The Dow Jones Industrial average, which gained 3.98 points yesterday, was ahead 1.13 points to 862.26 around 11 a.m. GMT. Advances led declines, 769 to 321, among the 1,507UPI. - 55 words
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Chief Price Changes
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Article131 1978-09-23 1 Foils a Most active M Breweries 600 OCBC 880 Guinness 650 Nat Iron 560 Dun top Est 360 Metal Bos Spore 285 Sin Chew 342 C*C 530 Rothmans 440 GI Hldg 310 Males 300 SMI 260 Dunlop lad 424 Cold Storage 268 Tan Chong 297 UOB 364131 words
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Article, Illustration149 1978-09-23 1 Foils Most active M. Box(S) Castlefleld Guineas Sea Corp Con P!t Wrt Ma lex Rahman Hy O.C.B.C. N. Iron M Fmllls Tractors F and N S. Land Isl and Pen SgBesl 2.70 11.40 6.90 7.90 4.16 3.00 9.00 0.00 9.75 2.12 9.20 9.99 1.92 3.20 Rise 6.70149 words
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363 1978-09-23 1 UPI. AFP JAPANESE business leaders do not believe their country will achieve a 7 per cent economic growth rate during the fiscal year ending next March 31. The Tokyo Nlhon Kelzal Shlmbun newspaper said 88 of the 100 presidents of leading JapaneseUPI.; AFP - 363 words
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588 1978-09-23 1 ARTHUR NG - By ARTHUR NG THE local stock market yesterday took another severe, beating sending prices crashing to levels prevailing some 1-1/2 months ago. Yesterday's drop of 13.34 points on the Straits Times Industrial Index Is the worst fall In a single day in the past fortnight.588 words
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Article, Illustration770 1978-09-23 1 FINANCE companies have only Just started to sit back and re-assess their position after a series of events In the market brought dramatic changes In their balance sheets. The booming stock market, the Post Office Savings Bank decision to re-adjust its Interest structure, the770 words
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Article, Illustration246 1978-09-23 1 THE chairman and miniging director of the Oversea* Union Bank group, Mr. Lion Yiag Chow (above), is to he appointed a director at Nanyang Prose. Mr. Lisa's appointment follows the retirement of four directors, Messrs Geh Seow Feb, Chong Chin Hin, Lia Pin246 words
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539 1978-09-23 1 COLIN CHIE - •y COLIN CHIE LOCAL contractors have to become more professional If they are to compete effectively against foreigners for business here. According to the Surveyor's Quarterly, a Journal of the Singapore Institute of Surveyors, one way is to revamp the present tender539 words
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Page 1 Advertisements
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Advertisement17 1978-09-23 1 Samson ite creates OMEGA ■H J- J L r the i» -f Q th <Q>Samsoni(:e Eastern Aqt-ncie17 words
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Advertisement48 1978-09-23 1 AUSTRALIANS' drive in flli|i>w PEOPLE in hoafa YJL Pmo's Wkat ASIAN the tma t the toarist defcf 7 J eanLn**** r Mr4> ALCOM kit by prtdadita a hard SlA's trmim MKMOPAD S. CROSSWORDS S. AIRCRAFT SCHEDULE LTV* RADIO ft. BRIBTOW 7. STRAWS IN THE WIND 7, PRICES It.48 words
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Advertisement229 1978-09-23 1 u Hapag-Lioyd Fully containerised to Europe and United States. Regular, reliable and on time. Lmim P«*« C Indonesia and Malaysia Thaland and the Philippines to the rescue The latest issue of the ASEAN Business Quarterly is full of interest for the businessman (or woman) who wishes to understand, in easy-to-read229 words
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TRADE AND INDUSTRY
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625 1978-09-23 2 THE MALAYSIAN government Is stepping up measures to reduce wastage and maximise the utilisation of timber resources in an effort to solve the problem of timber shortage which has reached a "critical" stage. These measures Include an export ban on a number of625 words
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Article, Illustration263 1978-09-23 2 N EDLLOYD -EAC has apBolnted Mr. J.C.P. van iepen as the new deputy general manager in Singapore. Before his Singapore posting, Mr. van Diepen was with the company's office In Hongkong, Kobe and Sydney. He replaces Mr. L.V. Jorgensen, who leaves Singapore at the end of the263 words
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Article130 1978-09-23 2 THE SINGAPORE Institute of Management will conduct two courses next month at its conference room (Thong Teck Building). A course on "The Effective Executive" will be on Oct 6 to Oct 28, and will be conducted by Mr. Seow Gim Leng and Mr. Tan Jing Hee. The130 words
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253 1978-09-23 2 INDUSTRIAL production in Peninsular Malaysia went up by 8.5 per cent in March. However, due to output declines of 1.2 and 7.6 per cent in February and January respectively, the overall performance for the first quarter dropped by 5.5 Cr cent compared with253 words
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Article, Illustration341 1978-09-23 2 SOME 15 of the exhibitors participating in a New Zealand engineering and building services exhibition to be held in Kuala Lumpur in November will seek agents in Malaysia and other Asean countries during the show. Called the New Zealand Engineering and Building Services341 words
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Article127 1978-09-23 2 MR. CHEW Wong, a 69-year-old retired mechanic, was recently selected as the third winner of the Guinness Stout Effort Award In Singapore for his selfless act of bravery in saving a seven-year-old boy from drowning in a pond at the Toa Payoh Gardens on Auk 13. Mr.127 words
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661 1978-09-23 2 TSANG SAU YIN - •y TSANG SAU YIN AUSTRALIA Intends to increase Its share of the growing automotive parts and accessories market In Singapore. For the first six months of this year, Singapore imported more than $113 million worth of automotive parts. The Australian share made up661 words
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Article, Illustration137 1978-09-23 2 LAMBSWOOL car seat covers that allow a natural circulation of air between occupant and the seat are among Australian-made products on display at the Asian Automotive and Accessories Exhibition. The manufacturer, Clay Sportswear, said that carefully selected wool gleaned from the Merino sheep Is combed, scoured137 words
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274 1978-09-23 2 RAHIM KASSIM - ■r RAHIM KASSIM SPECIALISED equipment on all aspects of transport will be on display at the First Internatioaal Transportation Maintenance and Ancillary Products Bhow at the Singapore World Trade Centre from Nov 25 to 2S. Dubbed "Transpo Asia", the exhibition will feature products274 words
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Article300 1978-09-23 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt Information system (MIS), SIM, SIM Sept 23: Fibre optic cables, Hyatt, IREE Sept 25-29: Introduction to fire Insurance, SITC, BITC SEPT 26 Oct 12: Industrial Relations, Holiday Inn, POD. Oct 3: Management by objectives, Hilton, Consulasia.300 words
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Page 2 Advertisements
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Advertisement89 1978-09-23 2 THE GERMAN BOOK! EXHIBITION 2,500 Titles in German j English See: The Tiniest Book ever printed! Also: Film Show! Slide Presentation! Paintings! Photographic Display! Seminar— j by German Expert on j Book Designing. Victoria Memorial Hal! 1 sth 25th September 1 978 j 1 1.00 am 7.00 pm j Orqon89 words
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Page 2 Miscellaneous
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Miscellaneous586 1978-09-23 2 CRYPTIC PUZZLE ACROSS 1 Orpington colour (4) 4 Capers around causing trouble 8 Six to one It's on a railway ticket! (3) It Intercept the post? (4) 13 Period out of Jail? (4, 4) 14 More the proposition by Pythagoras (7) 15 Stop one's circulation (6) 17 Put those rifles586 words
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OVERSEAS
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1038 1978-09-23 3 Reuter. BELGIAN Prime Minister L Tindemans yesterday called for the creation of three major monetary zones throughout the world as a first step towards restoring stability to the international monetary system. In an address to the Japan Institute for Foreign Affairs, in Tokyo, Mr. TindemansReuter. - 1,038 words
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566 1978-09-23 3 Reuter. THE US Federal Reserve Board's Chairman, William Miller, said he was disappointed with the latest US money supply figures, adding it looked like the Fed was not doing as well in controlling money growth as It had hoped. His commentsReuter. - 566 words
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Article351 1978-09-23 3 Reuter. INSTITUTIONAL Investors are likely to remain cautious about further major purchases of UK government bonds in the near future as uncertainties about wage trends, interest rates and exchange markets persist. Analysts said bond prices, which have shown little significant movement in recent sessions, are likelyReuter. - 351 words
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WORLD IN BRIEF
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Article547 1978-09-23 3 Agencies. THE US Senate foreign relations committee has approved the nomination of Federal Reserve Chairman William Miller to be US alternate governor of the International Monetary Fund for a five-year term. The nomination must be approved by the full Senate, an action expected before the startAgencies. - 547 words
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301 1978-09-23 3 MORE than 3.000 British Ford workers walked out on Thursday over a pay claim which is seen as a test ease challenging the Labour government's new antiinflation wage guidelines. Earlier this month. Prime Minister James Callaghan set a 5 per cent limit301 words
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Article223 1978-09-23 3 Reuter. THE EEC Is expected to show real gross domestic product growth of 2.6 per cent this year, compared with 2.3 per cent last year. The EEC Commission said in a quarterly report on the Community's economy that the main support for EEC economic activity duringReuter. - 223 words
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Article313 1978-09-23 3 PANELISTS representing government, fanning, academic and real-estate interests generally agreed that the furore over foreign Interests buying up critical American farmland is not Justified by'the extent of existing foreign holdings. At the same time, everyone also agreed that the picture presented by present methods of313 words
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754 1978-09-23 3 Reuter. DEVELOPING countries meeting in Washington at deputies level of the Group' of 24 are urging IMF members to approve a prompt new allocation of special drawing rights and a sizeable Increase In quotas. Informed monetary sources said the deputies, meeting ahead of theReuter. - 754 words
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Article803 1978-09-23 3 Reuter. FOREIGN exchange market instability is likely to form the major topic of informal discussions among finance ministers and central bank governors meeting In Washington this weekend for a series of talks associated with the annual conference of the International Monetary Fund and World Bank.Reuter. - 803 words
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Page 3 Advertisements
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Advertisement112 1978-09-23 3 Hoechst Singapore... yes, I will connect you with a specialist in this field. Ml Because if there is a better, faster, cheaper way to do the job, one of our specialists will find it for you. Hoechst has experts for: Chemicals, aerosol propellents, refrigerants, radiochemicals, fertilizers, pesticides, feed additives, dyes112 words
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RAW MATERIALS
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Article482 1978-09-23 4 THE Singapore market yesterday closed easier with October One RSS buyers quoted at 249.25 cents, down two cents. China accepted RSS One, Two and Three in the afternoon but prices hovered around lunch-time levels before losing marginally towards the close. Forwards continued to be in demand482 words
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Article30 1978-09-23 4 Rubber: Sept 22 Singapore: Oct 249.25 cents (down 2.00 cents) Malaysia: Oct 255.50 cents (down 1.25 cents) Tin: M 51,890 (unchanged) Official offering: 146 tonnes (down 39 tonnes)30 words
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Article373 1978-09-23 4 H A S prices in cents per kilo yesterday: Noon Cloae (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S.S. prompt f.o.b. 247 50 248.50N 247.50 248 50N Int. 1 R S.S. Oct 249 25 249.75 249 25 249 75 Int. 1 R S.S. Nov373 words
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Article106 1978-09-23 4 NOON S8R and SMR prices yesterday: RAS October (Curreat Mth) November (Forward Mth) Buyers Sellers Buyeri i Sellers (emu per kg) (cem taper k«> SSR20 <1—ton pallet) 223 00 225.00N 224.00 226 00N SSRSO (1—ton pullet) 221.00 223 00N 222.00 224 00N MRELB: SMR SCV (1-ton pallet106 words
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Article87 1978-09-23 4 (IK North European ports. In US dollars per ton unless otherwise stated. LONDON: Thursday Previous Malaysian 5% ffa bulk per tonneNovember 600 sir 810 sir Sumatra 5% ffa bulk September unch 875 sir/ 845/870 pd October 635 pd 835 sir/ 830/832 Vi pd November 822 1 V#07Vi/810 pdd2587 words
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Article191 1978-09-23 4 BANGKOK rice In US dlrs per tonne fob basis BANOKOK: White Rice: 100 pet Ist class 402 JOO pet 2nd class 387.100 pet 3rd class 352. 5 pet 377. 10 pet 352. 15 pet 347. 20 pet 342. 25 pet 332. 35 pet unq. Broken: A-l super 197, A-l191 words
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Article340 1978-09-23 4 TERMINAL opened £2.50 to C 0.75 per tonne up yesterday, but slightly below the kerb close. Turnover totalled 1,267 lots In London. The market Initially attracted follow-through buying from Thursday nights kerb rise which dealers said had been prompted by reports of an Iran buying tender shortly for 120,000340 words
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Article362 1978-09-23 4 QUIET trading once again prevailed on the Singapore produce market. Local traders in coffee, pepper and copra had a lethargic day. Actual deals done for coffee saw an easing of prices but notional quotes from the Singapore Chinese Produce Exchange were unchanged from the day before. The overseas362 words
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Article371 1978-09-23 4 THE sugar market yesterday closed 0.12 US cents higher In fairly quiet trading, with eight lots traded. Net open positions totalled 27 lots, while the dally spot sugar price rose 0.15 to 8.15 cents. Traders were reluctant to enter the market on uncertainty over the voting on US371 words
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Article414 1978-09-23 4 COCOA futures yesterday opened about £7 to £10 per tonne higher with trading during the opening call or 134 lots In London. Trade sources said the gains reflected Thursday's advance in the New York market and a slightly easier tendency for sterling against the US dollar. The terminal did414 words
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Article179 1978-09-23 4 CHICAGO soybean futures on Thursday closed off 271/4 to 23-1/2 cents a bushel after being pummelled by massive liquidation. The selling came on the heels of a highly bearish soybean stocks report and indications that better weather will soon allow resumption of harvesting. Noting the heavy new buying of179 words
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Article265 1978-09-23 4 THE Straits tin price In Penang yesterday remained unchanged at Ml 1.890 The overnight fall In London did not affect sentiment due to the continued small contribution of tin concentrates by miners, they said. Buying demand was light from all sources and total turnover decreased to 140 tonnes265 words
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Article98 1978-09-23 4 CHICAOO wheat futures on Thursday remained two to 1-1/4 cents a bushel lower at mldsesslon but several cents above the days lows. Prices fell at the opening on active selling mostly by commission houses and commercials, but rose In early trade on smaller commercial purchases and diminished selling. Brokers98 words
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Article62 1978-09-23 4 ZINC on Thursday was down mostly £1.5 per tonne In London. The afternoon market was subdued at marginally lower prices. The metal held relatively steady during the morning reflecting some improvement in the statistical position although the tonnage available In LME warehouses remains considerable. dealers said. Three Months traded62 words
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Article294 1978-09-23 4 TERMINAL opened £24 to 110 per tonne down yesterday. Turnover totalled 547 lots. The market eased Initially following the trend In New York and on good dealer selling and profittaking. However selling was well absorbed by mixed buying and this gave the market a steady undertone. Terminal closed £10294 words
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Article299 1978-09-23 4 NEW highs were once again reached this week, with the current month Int. 1 RSS touching 253-1/2 In SingaSire and in Malaysia, 8-1/2 cents per kilo. Turnover was good at times, although trading conditions were somewhat less hectic than of late. The rise during the earlier299 words
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Article324 1978-09-23 4 COPPER wtrebars on Thursday lost CI for cash and gained C 0.5 for Three Months In London. The afternoon market fluctuated around the day's lower levels In light twoway trading following marginal losses In Us futures. The morning pre-market was boosted Initially by covering prompted by the trend at324 words
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Article171 1978-09-23 4 SILVER on the LME was up 0.6 to 0.8 pence per troy ounce in London on Thursday. Trading was slow during the afternoon although price levels held steady upto 293.7 pence for Three Months. The higher morning premarket reflected the overnight close at New York and the strength In171 words
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Article430 1978-09-23 4 THE kllobar in Singapore opened at 5515,581 and closed at 5515.530 y ester day. The prices generally went down from the opening with the highest at the opening and the lowest at the close. The tone was quiet. Spot gold for London dellvery opened at US ,$215.60/.90 and closed430 words
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Article53 1978-09-23 4 LEAD on Thursday gained mostly £2.5 per tonne In London. The afternoon market hovered around endmorning levels with fresh buying absorbed by profittaking. The morning market remained buoyant on further general physical demand with short-covering taking Three Months upto £366.5 on late ring dealings. Dealers also reported some Russian53 words
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MONEY AND EXCHANGE$
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Article540 1978-09-23 4 THEover-ractlon which caused the US dollar's fall in recent days, following rejections of the Camp David accords, appears to have worn off with the US dollar firming up to close on the foreign exchange market yesterday. Against the yen, the US dollar opened on the weak side, but540 words
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Article147 1978-09-23 4 Asian rates ASIAN currcncy rates u at cloae m Deposit interbank Sept Offcr r BP S13/16 811/16 87/8 9 3/16 91/16 9 3/8 91/4 .95/8 91/2 9 5/8 91/2 .9 3/8 91/2 8w. IMMbl Dm View) .3/8 37/16 7/ie 31/2 .13/16 311/16 .1 1/16 33/4 ■m I (MMdi*r tat t147 words
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Article20 1978-09-23 4 THE average rale at which Siagapore banks are currently to kai to their beet customer* .is 7.25 per cent.20 words
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Article37 1978-09-23 4 'c» 0, wd, dl,Munl 2% to JH* GUI deposit* JVH 3-month Treasury bills J-month 3 «/li 17/11 Bulk Mils 3-month CD S-month CD »/l« 7/U 7 1 7/1 7 1/U 18/M Source: National Discount Co Ltd.37 words
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Article43 1978-09-23 4 RESULTS of tender held on Sept 22 for 91-day Treasury Bilk to be Issued from Sept 28 to 29. Offered: 825.000.000 Applied: 8105.900,000 Allotted: 925,000,000 Accepted bids: $99.1S approximately 89*; higher bids In full Average rate discount on allotment: 3.485% pa43 words
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Article180 1978-09-23 4 STERLING yesterday weakened against most currencies in nervous opening trading here as operators took profits on its recent rise. They said apprehension about the outcome of Ford UK's union wages claim following the strike by some Ford workers in response to a 5 per cent offer by the company's180 words
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Article180 1978-09-23 4 THE dollar on Thursday closed narrowly mixed against major currencies after a day of rather nervous but quiet trading, dealers said. They said the unit, after opening lower, recovered somewhat In a technical reaction to its slightly oversold position before weakening again later. They said the dollar continued180 words
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Article117 1978-09-23 4 THE US dollar for overnight delivery closed at 187.60 yen yesterday, up from a 187.50 opening. Some dealers said they believed the Bank of Japan bought an estimated $10 to $20 million at around 186.80 yen In morning trading to support the dollar, but others said they detected no117 words
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Article199 1978-09-23 4 THE dollar yesterday recovered morning losses on local and early European buying to close little changed from New York levels, dealers said. Sentiment that the market overreacted to Saudi and Jordanian criticism of the Camp David Middle East peace agreements stemmed the dollar's morning decline, they said. Local sentiment199 words
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Article109 1978-09-23 4 Euro rates LONDON Eurodollar deposit rates opened steady with the undertone continuing firm, in quiet preweekend trading yesterday dealers said. Little rollover or Par Eastern Interest was reported. Short dates edged 1/16 point higher for lion/ Tues and Tues/ Wed which were each at 8-11/16. 8-9/16. Week fix was down109 words
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Article54 1978-09-23 4 ZURICH exchange* quote* on Thursday: US 1 5147-5162 Kg 3 99SS-9M9 Qui i nert-mm D Mk 77 9596-9742 D fl 71.10W ii r rr M.sm-7in a rr 4.»ias-sm O Kr S .NM-11H N Kr a mi 3WI s*r KtWI mi ut i.im-iM Aw eeh 14.7141-73Z3 mnian-an Spain 2.079-4791 An54 words
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Article44 1978-09-23 4 AUSTRALIA NZ —quote* yesterday US dlr 1 1494/1.1540 Sterllnc 0.5442/9.5419 Ninety-day air mall buying rates: Stertmg 0 4054 US dlr* I.IMS Ninety-day forward baying rates Sterling O.9SM US dlr* 1.1979 NEW ZEALAND Sterling O.SMI/ 9 5*52 US dlr 1.0W3/ 1.4643 US dlr 1.997744 words
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Page 4 Advertisements
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Advertisement21 1978-09-23 4 6 A bieitOt h Qostaurant Francais 234 C. 3rd FLOOR FABER HOUSE ORCHARD ROAD SINGAPORE 9. TEL: *****26 en conjonction 3SBs21 words
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TRANSPORT
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322 1978-09-23 5 HONGKONG is rife with speculation over the motives behind the acquisition of shares in Hongkong and Kowloon Wharf and Godown Co by the private companies of shipping magnate Sir Yue-Kong Pao and his family. The HK$45O million (SS2I3 million) purchase has given322 words
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Article725 1978-09-23 5 ARRIVALS Operator Number LMU Time Fran CAL CI 333 0040 TPE/HKG/KUL MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ10I 0815 KUL RBA BI323 0825 BWN MAS MH621 0840 PEN MAS MH607, 0845 KUL MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP CPA CX710 1005 HLP725 words
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571 1978-09-23 5 THE maritime nations of South-east Asia, in their efforts to modernise shipping, will find the training of crew especially difficult with the Increasing sophistication of modern ships. There Is therefore a need for a fresh look at training, as Lloyd's List points out, both571 words
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Article, Illustration326 1978-09-23 5 THE Port of London Authority (PLA)' lost Sf 18 million in the six month* ended July 14, compared with a deficit of $13.2 million for the comparable period of 1977. The PLA's first interim report ihow» that the Upper Docks accounted for $17.2 million of the326 words
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143 1978-09-23 5 AFP TAIWAN'S yacht Industry may achieve a 40 per cent growth with the export volume hitting US$5O million (Sslls million) this year, the Industrial Development Bureau said. Yacht manufacturers in Talptl have received* orders booked until early next year. There are some 40AFP - 143 words
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140 1978-09-23 5 THE LLOYD'S Register of Shipping has announced the appointment of Mr. R.H.A. Oezels. senior principal surveyor for Belglum, as Its liaison officer to the European Economic Community, In place of Mr. O. A. Valckeneers who retired recently. The society's liaison officer with the UK140 words
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Article136 1978-09-23 5 SEALAND Service Inc, the worldwide containerised freight carrier, will start a new container service In January between the West Coast of India and the East and Oulf Coasts of US. The bl-weekly service win be linked tontealand's existing Europe/ West Asia service which calls at Dubai, United Arab136 words
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Article184 1978-09-23 5 UPI. SUPPRESSION of details masked the true volume of activity taking place beneath the market surface. This suggested some hard rate bargaining in progress and made the pulse of business more difficult to read. However, the general tone appeared to hold up quite well. South African maize charterersUPI. - 184 words
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Article67 1978-09-23 5 THE state-owned Kuwait National Petroleum Co has raised US$BO million (***** million) in the local market to finance a proposed purchase of petroleum product tankers, money market sources said. The sources said the privately placed loan was tor nine years at per cent above London inter67 words
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223 1978-09-23 5 AP THE House of Bipuwii tivf* voted Hi* on Thursday to give U8 airlines mere freedom to wiKs by cutting fans end taking on new routes in the United States, as President Carter DFODOiat. Bill now goes to a House-Senate conference committee to workAP - 223 words
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398 1978-09-23 5 AFP A DECISION on Pakistan's immediate merchant shipping needs, involving 21 ships valued at US$2OO million (Ss46o million), Is to be made this autumn, according to Mr. Mustafa Gokal, Pakistan's Shipping Minister. The minister had a "useful" meeting on Thursday at the Pakistani embassyAFP - 398 words
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144 1978-09-23 5 AP. FRENCH air controllers began their fourth work-to-rule slowdown yesterday, but authorities said 30mlnute to 4-hour flight delays at Paris* airports appeared to be the result of heavy foe. Aircraft from New York, Boston, Los Angeles, San Francisco, Chicago, Tokyo, Jakarta, and SINGAPORE were routed toAP. - 144 words
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Article, Illustration358 1978-09-23 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Oelang (0000) 19 Bunga Setwar (after Bunga Oelang) 10 Cornelia Maersk (after Centaur) 1/2 Da Chang Zhen (1100 after Kota Mulla sails) 8/9 Evermore Clear (0800 after Tourvllle) 38/39 lonian Sea (2200 after Silver Bell sails) 13/14 Karya Utama (0700 after358 words
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Article79 1978-09-23 5 AS HONGKONG shipowners continue their large purchases of tankers, London shipping consultants H.P. Drewry said that second-hand tankers at current prices are a "sound investment". The "very large crude carriers (VLCC) In particular offer the prospects of "spectacular profits" when the market recovers. VLCCS are vessels79 words
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Page 5 Advertisements
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Advertisement156 1978-09-23 5 CREDIT ANALYST (Around 5538.000 p*..+ benefits) Our client, a well established international off-shore bank, wishes to recruit an experienced and competent Credit Analyst for its Singapore office. The Credit Analyst will report directly to the Deputy General Manager and will be responsible for credit analysis, loan evaluation and administration, and156 words
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Article336 1978-09-23 6 SHARE markets yesterday had their first real piece of discouraging economic news for some time and the bears made a meal of it, driving down share prices across the board without even token resistance. What stuck in the throats of those who have been quoting336 words
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Article275 1978-09-23 6 AT A TIME when the construction Industry Is declining, contractors have once again come under attack, this time from the very professionals on whom they are supposed to rely on. Surveyors have charged that contractors are not making enough use of consultants, that some are incapable of costing275 words
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Article, Illustration994 1978-09-23 6 TAKESHI SATO - Peking wants to modernise her industries as quickly as possible By TAKESHI SATO Reuter HIGH-PRESSURE Japanese salesmen are bargaining hard with haggling but gently smiling Chinese officials to negotiate massive exports of industrial plants and technology to help modernise China. A steadyReuter - 994 words
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Page 6 Advertisements
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Advertisement255 1978-09-23 6 i •■■f fA .i m Zd DflLVflniUSd Ttif fflSCinfiTFOriS m 7 X if' si>. y, f4t i£« j jPfe No dinner is complete without aWhite Label Just donl miss them at the lon Bar whits thsy pulsate their audianca with thsir rhythmic sways of thsir bstlies to tha gsntlsness at255 words
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Page 6 Miscellaneous
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Miscellaneous61 1978-09-23 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers Report for 24 hour* prior to 7.30 pm on Sept. 22 at the airport: Maximum Temperature 29.8° C Associated Humidity 68 Minimum Tempera tore 22.3° C Associated Humidity 99 Hours of Sunshine 4.70 Rainfall in Millimetres 13.4 Total Rainfall61 words
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Miscellaneous317 1978-09-23 6 B.IRWDTO SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 0 1.55 Saturday Matinee Tiie Golden Arrow 0 Starring: Tab Hunter, Rosanna Podesta, Mario Feliciani 3.25 Soccer Malaysia Cup '78 Singapore vs Pahang (2nd semiFinal Repeat) 4.55 Pre-Examination Programme Mail Mau Kahwin (Pt. 1) (Malay Repeat) with English subtitles317 words
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Article, Illustration1241 1978-09-23 7 RAM SURESH - •y RAM SURESH Reuter. THE SCRAMBLE for the tourist dollar grows ever more intense in Asia as more luxury hotels are rushed to completion, more money Is spent on glossy advertising, and airport and other facilities are steadily improved.Reuter. - 1,241 words
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Article, Illustration240 1978-09-23 7 FOREIGNERS living In London, as a report from that city has observed, tend to be more English than the English. One US bank, for example, has taken the very British step of enlisting the help of the local MP, Peter Brook (Tory MP for the City240 words
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Article878 1978-09-23 7 T.B. PERAMUNETILLEKE - mum ...on food production A •r T.B. PERAMUNETILLEKE FT. THE SRI LANKA government is going all out to wean its people from eating food made df flour and to promote the rice eating habit. Sri Lankans have taken this with a certain amountFT. - 878 words
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Page 7 Advertisements
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Advertisement348 1978-09-23 7 v Y f fi 1 I SMh New Japanese Restaurant KIKU^I serving authentic Japanese food IV ~lo| pan Yakki Temjxira Shashimi *Sukivaki *ShabuShabu KIKU JAPANESE RESTAURANT ORCHID INN Tei *****2 214 Dunearn Road. Singapore 11 Now, at the IMPERIAL BAR IOfWTHtKW U h\l i Come, listen to the soothing sounds348 words
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Page 7 Miscellaneous
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Miscellaneous42 1978-09-23 7 Bn Stew: ,1 -±< THE. Ne*roFFceoi TMe Rvght is cwesrec"Wl 9QNMG P£fhgm\Pj4T He«e. ue 6uV'NG» Cl£f2tCs GOING ABOUT Tv-»eiß BuSin£SS... HeRVGNS "Rd Bersv—/ loh^t WHO ISTHRT mpiN oveß feio K«MD uoros r UX*S p«oor R2om The: boss F&d FiEj£T TRU V V UHLi.po42 words
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INTERNATIONAL STOCKS MARKETS
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Article610 1978-09-23 8 -TOKYO Source: DBS-Daiwa "THE market was bullish yes- "terday, centring on high-priced m light-electrical, auto and pharm&ceutlcal issues owing to buy- *.lng by mutual funds and foriS<gn Investors. Total sales value was relatively big, although "turnover continued light with an estimated 200 million shares chanKing hands. InSource: DBS-Daiwa - 610 words
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Article339 1978-09-23 8 ..PRICES slumped again yester.day right across the board from -the opening as bearish press comment, bearish chart signals and low volume caused nervous speculators to bale-out and In some cases short-sell. Property shares were among the hardest hit although several major attempts were made at a rally, buoyed by339 words
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Article347 1978-09-23 8 THE market closed nigner in active trading with BHP posting a net 16-cent gain to A 58.92 buoyed by the latest Bass Strait ollflnd yesterday. Santos rose seven to 51.77, Bridge 10 to $1.35 ABD Weeks 20 to $2.30. Among the industrials, CSR closed six cents higher at $3.06,347 words
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Article236 1978-09-23 8 Sap* 22 Baht Bangkok Bank 366 -2 Thai Danu 390 Thai Farmers Bank 354 unch Thai Commercial Bank 736 +24 Bangkok Metropolitan Bank 3.980 Industrial Finance Corp 2.635 +40 Oeneral Finance 308 -2 Bangkok Investment 322 -2 First Trust 302 -2 Raja Finance 1.200 unch Lee Kwang Ming Trust236 words
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Article334 1978-09-23 8 SHARE prices timed broadly mixed In active trading on Thursday. Double digit gains In the metals, oil and gas. real estate and transportation subgroups lifted the composite Index up 2W points, but declines outnumbered advances 220 to 187. The real estate group was up 24* points as Nu-west Development334 words
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147 1978-09-23 8 Reuter. THE agreement between American Motors Corp (AMC) and Regie Natlonale Des Usines Renault to distribute Renault cars through AMC's North American networks should be signed before the end of the year. A Renault spokesman said the signing of the agreement, which IncludesReuter. - 147 words
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Article551 1978-09-23 8 EUROPEAN MARKETS THE Paris market remained firm on Thursday despite the suspension of trading In shares of five steelmakers. Before the suspension, these shares had registered a slight weakening following the French government's measures to help steel making. The French bourse operations committee is Investigating the trading551 words
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Article262 1978-09-23 8 SEPT >1 Frt CORBE1LLE Air-Liquid* BSN Oervals Danone C 8 FlThomsonCif) Cle Francaise desPetrol*s Compagnl* Financier* Compagnle General* Credit Fonder De France Hachette l Ll brain*) Machines Bull Mlchelln(B) Part baa Pechlney CI fine Kuhlmann Peugeot' Phihpa(NvOem Bexlt) Printemps S A Rhone- Poulence SA Royal Dutch SueK Cie Finan262 words
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Article215 1978-09-23 8 SEPT XI Fl» ABN 378 00 -9 Ahold 11S 20 -0.6 Akzo 3170 -18 AMEV 90 SO -1.7 Am fas 112 20 -2.3 Amrot Bank 80 20 -36 Bergoss S3 00 -2 Btrk 90.00 -0.5 Bote 76 50 uncf Borsumlj 185 00 -0.5 Burhmann 74 00 -0.7 Byenkorf 99215 words
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Article182 1978-09-23 8 SEPT SI Francs Actions Sulsaes Alusulsae Br Alusulsae Reg. Brown Boverl Br. ClbaOelgy Br Clba Gelgy PC ClbaOeigy Reg Credit Suisse Br Credit Sulne Ref Bektrowatt Br. Oeorge Fischer Br Globus PC Hero Br Hoffman-La Roche 1/10 Holderbank Br Interfood Br Jelmoll Br Nestle Br Nestle Reg Oerllkon Buehrle182 words
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Article215 1978-09-23 8 8EPT 11 Dm Aef-Telefunken 84 80 ♦0.1 Akio 29 30 -07 All* Leben 724 •1 Alta Vers 514 SO ♦8.5 BASF 138 30 -04 Bay H T Wbank 291 Bay V ban It 335 B Bayer 140 50 -0 1 BBC 297 -1 BMW 238 50 -0 5 Cassella215 words
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Article93 1978-09-23 8 SEPT 21 Fr* FORWARD MARKET Acec 460 -J Arbed 2480 -10 Astur 774 4-14 Braacan 470 -5 Bru-Lamb 1435 ♦5 Canpac 828 Cock 502 30 De Been 233 unch Ebes 2305 -10 Electrobel 6810 unch Gb-Inno-Bm 2405 30 Oe* 14M 16 Hobok 2770 SO Peiro 3800 -25 Ryl Dutch93 words
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Article98 1978-09-23 8 SEPT 21 Lire Anlc 110 -J Assoc Oen ***** -880 Bastogt 9ft3 ♦2 Centrale 5379 -311 Flat 2979 151 Finsider 211 •14 Oen Immob 8» -J.7S IFI Prl 2980 •110 Italcemenil ***** 480 IUOfU 800 -58 italslder 415 -45 Macnetl M Pf 585 -10 Mar*111 Ere 350 25 -898 words
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Article406 1978-09-23 8 OOLD sham closed higher across the board In modest trade on Thursday, reflecting the rise In the price of bullion. Dealers said Wednesday's announcement on south-west African developments |>ad little adverse effect on the market. Oalns in gold shares ranged to ISO cents. Mining flnandals were unchanged to firmer406 words
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Article64 1978-09-23 8 FINANCIAL TIMES INDUSTRIALS Thursday 525.7 Wednesday 520.1 Week Ago 535.5 DOW JONES AVERAGE INDUSTRIALS Thursday Ml. 14 Wednesday 857.10 Week Ago 887 73 LONDON DOLLAR PREMIUM Thursday 88** to 88*. Wednesday 90 to 90to H.K. HANG 8ENG Friday 810.17 Thursday 828.21 Week Ago 842.00 SYDNEY INDUSTRIALS Friday 479.5264 words
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Article1730 1978-09-23 8 September 21 CHICAGO Board Options Exchange volume eased to 168,359 contracts on Thursday from 178,871 on Wednesday. OPTIONS OCT JAN A PL STOCK Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel Atl R AtlR AUR Avon Avon-P Avon Avon-P Avon Avon-P Avon Avon-P 40 45 SO1,730 words
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Article1160 1978-09-23 8 NEW YORK BTOCKB finished mixed In moderately active trading on Thursday as Interest rate worries and dollar weakness were offset by a pair of rally attempts. Analysts said interest rate concerns grew out of Wednesday's apparent slight credit tightening by the Federal Reserve. while the rally efforts1,160 words
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Page 8 Advertisements
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Advertisement64 1978-09-23 8 The Love 01 e ne ookmoi -V. n a ■N V J* vS '•-fj m > J Qs M a V f i MM ss D v V ragiana China Peking, Shanghai, tsachuan and glvaa a ■ri«cMon af typical 1 gII .l r f Kenneth Lo CNnaaa Ovar 100 S2JS64 words
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COMPANY NEWS
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285 1978-09-23 9 Reuter 'N&RATHON OIL Co expects to begin delivering -natural gas to customers In 'Ireland from the Kinsale "ffead field in the Celtic Sea month. ..-The company told analysts that Initial production of 424,800 cu metres -&day will rise to 1.42 million »«a!ly by year-end.Reuter - 285 words
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Article222 1978-09-23 9 FT FAIRCHILD INDUSTRIES and Its chairman, Mr. Edward Uhl, have been inducted by a Federal Grand Jury for preparing false tax returns aimed at masking illegal political contributions by the company. The charges, filed in Baltimore, concern .corporate tax returns for 1971 and 1972. In essence,FT - 222 words
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1693 1978-09-23 9 r- N.AMERICAN FT WHEN OIL companies go In for takeovers they do so In a big way. Standard Oil of California's US$l.75 billion bid for Amax, the metals and minerals group, ranks among the largest ever seen in the US. The only successful bidFT - 1,693 words
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Article79 1978-09-23 9 Reuter FORD Motor Co said it raised prices on Its 1979 cars, Including options, an average of US$297 or 4.2 per cent over similarly equipped 1978 models. Base prices were Increased an average of $183 or 3.4 per cent. Ford said the Increases are cpnslstentReuter - 79 words
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Article29 1978-09-23 9 Reuter QUAKER OATS Co said directors voted to Increase the quarterly dividend to 30 US cents, a share from 26 cents, payable Oct 20, record Sept 22. ReuterReuter - 29 words
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Article400 1978-09-23 9 FT CITIBANK has filed a series of motions with the New York Supreme Court seeking curtailment of publicity of evidence relating to a wrongful dismissal suit brought by a former employee. The employee. Mr. David Edwards, has alleged, In a series of documents and exhibits lodged withFT - 400 words
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Article88 1978-09-23 9 Reuter SONY CORP of America said Its Sony Video Products Co will sell two USmade video accessories In Japan. The accessories are a twomachine editor kit, the APK-1000, and a crystal calibrator for test and alignment of recorder operating conditions, the XC-1000. TheReuter - 88 words
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338 1978-09-23 9 REPUBLIC Steel Corporation would like steel prices to be somewhat higher than they are to Justify installation of costly but more productive steel-making equipment. Mr. W.J. De Lancey. president, said: "We'd like to install a continuous caster In our Cleveland mill, for example, but338 words
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245 1978-09-23 9 SUN COMPANY, America's 13th largest oil company, has replaced its chief executive officer, Mr. Robert Sharbaugh, in a surprise move which is raising doubts about the future of its diversification programme. Mr. Sharbaugh, who is staying on as chairman until he leaves the company245 words
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Article158 1978-09-23 9 Reuter GENERAL Dynamics said its operating earnings per share came to US$2.B7 ($2.71) for the second quarter ended July 2 on an operating net profit of $30.7 million ($29.7 million). Sales were $789.0 million. For the half-year period, operating, earnings per share were $4.73 ($4.44) onReuter - 158 words
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Article68 1978-09-23 9 r BONI)S\ LOANS I Reuter JUSCO Co Ltd mid it plans to float a 70 million Swiss franc convertible bond on the SwtM eapttal market next month, In addition to an 80 million mark 3.5 per m cent 7.5-year convertible bond Issue announced But It declined furtherReuter - 68 words
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Article63 1978-09-23 9 Reuter. NIPPON Chemical Condenser Co Ltd will make private placement of a 30 million SwisM Crane, 5.5year convertible bond with Swiss Bank Corp. Japanese securities sources said the bond Issue contract was signed In Basle on Tuesday. The loan will carry a coupon of 3 per cent andReuter. - 63 words
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Article60 1978-09-23 9 Reuter The 60 million mark bond for Konishiroku Photo Industry CO Ltd will be convertible at a price of 612 yen per share and a fixed exchange rate of 96 yen per mark frotr Jan 8, 1979. A spokesman for westdeutche Landes bank Olrozentrale said the Issue carriesReuter - 60 words
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Article80 1978-09-23 9 Reuter NISSAN Diesel Motor Co Ltd said It will float an 80 million mark convertible bond with maturity date on Oct 1, 1986, at par on the German capital market next month through an underwriting syndicate led by Deutsche Bank. Coupon and conversion price will be fixedReuter - 80 words
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Article59 1978-09-23 9 Reuter. THE 30 million mark flteyear straight bond will be prlvatelv placed by Toyo Rubber Industry Co Ltd at 99.5 per cent with a coupon of 5.5 per cent with Commerzbank, the Japanese Issuer said. The bond Issue contract was signed In Frankfurt on Wednesday with paymentReuter. - 59 words
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Article37 1978-09-23 9 Reuter AO BROWN Boverl Und Cle, Baden (Swl tier land), will prematurely redeem Its 100 million franc 6 per cent bond Issue due 1967 at 10}.5 per cent In January 1979, the stock exchange said.Reuter - 37 words
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Article366 1978-09-23 9 f EUROPEAN RIO TINTO Zinc Corp Ltd (RTZ) said its pre-tax profit totalled £122.6 million 146.1 In the first half ended June 30. Oroup sales were £972.5 million (£890.4 million) and earnings per share 15.90p (16.79p). Interim dividend at 3.5p (3.5p). Pre-tax profit was after interest366 words
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305 1978-09-23 9 SCHERINO, the West Berlin-based pharmaceuticals and chemicals concern Is expecting satisfactory profit for 1978, despite some deterioration during the first six months compared with the first half of 1977. Reporting this to shareholders, the Scherlng board also said that sales during the first six305 words
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180 1978-09-23 9 HOLLANDSCHE Beton Groep (HBG) expects net profit in 1978 to rise by 13 per cent to about f155 million on sales slightly higher at F12.44 billion, The volume of uncompleted orders in Holland rose In the first half of the year while orders180 words
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Article45 1978-09-23 9 Reuter. NV DELI-MiJ said its first half 1978 unaudited consolidated net profit came to 8.11 million guilders (7.37 million). Sales were 795 million (981 million). The company said It expects Its 1978 profit to be slightly lower than last year'sl4.s million guilders.— Reuter.Reuter. - 45 words
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Article291 1978-09-23 9 1 ASIAN MARUI Company, Japan's largest Instalment credit retailer, raised Its net profit by 12.2 per cent to *4.42 billion In the first half of Its financial year, from the level for the first half of the previous year. Current profit was up 12.4291 words
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Article145 1978-09-23 9 MARUZEN OIL hu agreed to buy back all of Its shares held by Union OU of the US, currently Marusen's largest shareholder. Union holds 05.7 million shares In Marusen. These are equivalent to about 20 per cent of all outstanding shares. Marusen's purchase of the shares145 words
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Page 9 Advertisements
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Advertisement154 1978-09-23 9 NOW in FONTANA Paperback mUV 335 H lA^vr ITS f V I sw.rAii h yv. i v V ©2 4 I I €i i r -.JR -v ♦%> iWBWMBT? "Power and poignancy descriptive brillance." CHICAGO TRIBUNE THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong154 words
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DEALS DONE ON THE SES AND KLSE
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Article1477 1978-09-23 10 BID and offer prices officially luted fend business In and reported to the Stock Exchange of Singapore yesterday with the number of (hares traded shown in bracket! in lot* of 1.000 untts an less otherwise specified. All Time Settlement Contracts are quoted after the word "sett." Big Board1,477 words
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Article86 1978-09-23 10 4 1/2% 1/8/88 250,000) (99.528 99.608) 4 3/4% 15/9/88 (250,000) (100.108 100 208) 5 3/4% T P IWSI-84 (250.000) (102 358) 7% 1/8/85 250,000) (100.708 100.858) 7 1/4% 15/4/88 (250,000) (100.75B) 7 1/4% 18/18/88 250,000) (100.75B) 7 1/4% 1/5/87 (250.000) (100.70B) 6 1/2* T F IWB7 250,000) (100.40886 words
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Article2494 1978-09-23 10 1978 High Low Company Laat Sale +orGr'» Div Div Cvr Gr'» Y'ld Net P/E Vol (•000) Day High Low »'«*< SECnON ONE INDUSTRIALS "712 238 178 Jtl9 275 Ill 276 326 660 132 123* 112 133 195* <50* 162 173* 140* 256 Acma Alcom Allied Choc BAT2,494 words
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Article149 1978-09-23 10 SINGAPORE UNIT TRU8T INCOME BOND UNIT Miufm' prices for SeptS Sept 2S K«nat p rices! The Commerce 2.M 2 40 INCOME BOND 1.00 1.15 The Savinc Fund 8'pore Prof Fund 40 1 03 1.40 l.OOxd MARA BUMIPUTRA FUND S pore Security 1.90 1 33 2.02 1.41 First Bumiputra149 words
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Article1934 1978-09-23 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. INDUSTRIALS Allmwiu (2 858). Atom (2 128) (1) 2 08 (1) 21,934 words
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Article, Illustration618 1978-09-23 10 SHARE price* ware alaabed acroM the board aa the bean launched another massive raid on the Stock Exchange of Singapore yesterday. By noon, the market waa down almoet five oointa in the Straita Time* industrial index. Thie fall widened to 13.34 pointa at 369.40 by618 words
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762 1978-09-23 10 SHARE prices on the Kuala Lumpur stock market were given another severe beating yesterday as weakening sentiment unleashed a further round of forced and stop-loss selling. There was no real measure of support discernible throughout the day, apart from feeble attempts by the market762 words
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COMPANY NEWS
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Article, Illustration279 1978-09-23 11 COMPETITIVE market conditions and higher wheat prices have apparently taken a heavy toll on Malayan Flour Mills which has reported lower earnings at the interim stage. Against the 56 per cent increase experienced in the 1977 first-half, pre-tax profits for the six months to June 30279 words
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LATEST RESULTS
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Article34 1978-09-23 11 Group pre-tax profit $590,000 ($586,000) on sales $17.11 million ($17.14 million) for the first halfyear ended June 30, 1978. Parent pre-tax profit $270,000 ($303,000) on sales $7.57 million ($10.2 million).34 words
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Article19 1978-09-23 11 Pre-tax profit for the group $3.33 million. Bank $2.05 million. No. comparative figures were given.19 words
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Article33 1978-09-23 11 Group pre-tax profit for the year ended June 30. 1978 $5.35 mUlion ($5.31 million). Parent company pre-tax earnings $5.31 million ($5.27 million). First and final dividend 12 per cent (same).33 words
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Article, Illustration923 1978-09-23 11 MANO SABNANI - DATSUN 120Y 4-Door Sedan GL By MANO SABNANI THE buoyant market for passenger cars in both Singapore and Malaysia has once again enabled Tan Chong Motor Holdings to record hefty earnings. Unaudited group pre-tax profit for the first-half year ended June 30, 1978 rose923 words
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Article1396 1978-09-23 11 MALAYSIA'S largest commercial group, Sime Darby Holdings, is in excellent health. Profits have gone up and are expected to Improve further; It has successfully made new acquisitions, and JLts credit rating couldn't be better. Yet, going by the dire statements made during the boardroom battle nearly1,396 words
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Article424 1978-09-23 11 Current Ex Booka Date Total for Total for payment Date cloM payable the year previous year BaU 6%I Au( 17 Aug 29 Sept 25 8% 18% Peril* Plant 12%%I Aug 30 Sept 12 Sept 25 12%% 22%% M'wata 10%TE(b) Aug 24 8ept6 Oct 18 10% TE 10% TE424 words
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Article152 1978-09-23 11 Coapuy Particulars Ex Data Books Claae Roth man* Carlabarg Bonus issue of 1 for 4 Oct 10 Oct M Bonus issue of 1 for 2 Oct II Oct 28 Ttwrltk Bonus issue of one for 6 Octfl Oct 18 MsUn hmilia Bonus Issue of 1 for 4 Oct152 words
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Article, Illustration536 1978-09-23 11 ARTHUR NG - »y ARTHUR NG PRODUCTION problems have brought the growth at Aluminium Company of Malaysia to a standstill In the first-half of the current year ending Dec 31, 1978. Lacking the operating leverage needed to boost Its profitability, the company turned In an Interim pretax profit536 words
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Article162 1978-09-23 11 PAN Malaysia Rubber Industries Berhad: AGM to be held at The Asean Room, Holiday Inn, Jalan Plnang, Kuala Lumpur, at 10.30 a.m. on Sept. 28. Pan Malaysia Cement Works Berhad: AGM and Jalan Plnang, Kuala Lumpur, at 11.00 a.m. on Sept. Island and Peninsular Development Berhad: AGM to162 words
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Page 11 Advertisements
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Advertisement56 1978-09-23 11 m.v. "VIBHVA PRAY AS" VOY: 14 arrived U*t September, WS. it P.B.A. Godown Sou. a/a. General Survey of damaged cargo ex the above vessel will be held on Wednesday 27th September. 1978, as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. R. JUMAJ?HoV56 words
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Advertisement139 1978-09-23 11 Mathematics and Statistics in Penguins r Lady Luck: Warren Weaver If you are interested or hooked on the elements of chance whether as a businessman, econQmist gambler or simply a games-player, then you will enjoy and benefit from the many and varied chance-encounters in this book. Statistics in Action: Peter139 words
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755 1978-09-23 12 A M540.1-million deficit In June was mainly responsible for the 60 per cent drop lp. Peninsular Malaysia's tsade surplus for the first half of this year compared with the corresponding period last year. The balance at $322.4 mHhon was. however, still In755 words
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143 1978-09-23 12 AFP MALAYSIA and Japan yesterday exchanged notes on the fifth yen loan amounting to 21 billion yen (***** million) extended by Japan to help finance Malaysia's Third Development Plan. A statement from the Japanese embassy In Kuala Lumpur said the notes were exchangedAFP - 143 words
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165 1978-09-23 12 Reuter RISING confidence In the international credit market over less developed countries' debts is hard to justify and is unlikely to last, Amex Bank said in its latest monthly review. This confidence Is in stark contrast to a general world economic picture of massive uncertainty,Reuter - 165 words
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445 1978-09-23 12 AFP THE Malaysian government has been urged to take immediate action to amend Section 43A of the National Land Code to prevent more land from falling into foreign hands and to ensure a more balanced redistribution of land. Speakers at the second day ofAFP - 445 words
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Article191 1978-09-23 12 THE signing of the Ranger uranium agreement has been delayed indefinitely following talks held behind closed doors In Darwin yesterday between the aboriginal landowners and the Minister for Aboriginal Affairs, Mr. Lan Vlner. The Northern Land Council (NLC), .which represents the aboriginal landowners, has decided191 words
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Article786 1978-09-23 12 LONDON. Frl. The market closed lower after a dull session. At 3.00 p.m. the Financial Times Index was down 6.2 at 519.5. Official union support for striking Ford Motor workers caused falls of up to 6p among leading industrials while government bonds fell as much as 7/16. Gold786 words
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Article, Illustration487 1978-09-23 12 COMMONWEALTH finance ministers ended two days of talks in Montreal voicing frustration at the lack of progress in coring the economic troubles of rich and poor states alike. A 25-point communique included a familiar chorus of complaints about the slow recovery of industrialised487 words
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525 1978-09-23 12 A CONTINUATION of the present trend of trade buying of tin Into the autumn to buikl up stocks before the winter is likely to mean higher prices. Wallace Brothers Commodities Ltd of London says in Its August tin report that technically the market525 words
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717 1978-09-23 12 THE US Senate finance committee on Thursday voted to reduce capital gains taxes, a step that would benefit stock market and other investors. The committee decided to exclude 70 per cent of capital gains profits from Investments in stocks or other property held for717 words
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317 1978-09-23 12 CHINA is boosting its production of. synthetic fibres for domestic consumption and that of highquality cotton, wool and silk for exports, Peking's official weekly reports. The Peking Review said only by developing synthetic fibres can the problem of raw materials be solved for a317 words
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Page 12 Advertisements
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Advertisement27 1978-09-23 12 DEVELOPING SITE Cdn 6 mill. Plans for office conversion twin towers to be built. For warehousing shopping centres in U.S. or Canada. Please contact. B.T. Box 525327 words
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Advertisement348 1978-09-23 12 The LIFEj Library Of Photography iMm helps you to see great picture possibilities -all around you... f j -'V, (l r 11 _xi os r 3 4 9 k The Life Library Of Photography Each volume measures 10 U x 10 l* inches (26 x 26 cm). Hard cover, silver348 words
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