The Business Times, 26 September 1978

Microfilm: NL9835
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, SEPTEMBER 26, 1978 SOCENTS
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  • BRIEFLY...
    • Article
      Lock icon Lee with EEC leaders
      62 1 Reuter BRUSSELS, Mon. Mr. Lee Kuan Yew today reviewed world trade questions with European Economic Community leaders during a visit to the Common Market headquarters here. Mr. Lee had talks with Mr. Claude Cheysson, EEC Development Aid Commissioner. The talks Give Mr. Lee an opportunity to
      Reuter  -  62 words
    • Article
      Lock icon Tin stocks
      57 1 AFP LONDON, Mon. Tin provided the main excitement on the metal exchange this morning following the announcement of a 25-tonne drop in the market's stocks last week Instead of the expected 200 tonnes. Cash shed £72.5 (*****.25) while forward fell by £75. Otherwise the trend was upwards, In
      AFP  -  57 words
    • Article
      NWC boon
      53 1 THE Singapore Industrial Labour Organisation has completed negotiations for the Implementation of this year's National Wages Council recommendations of 6 per cent plus $12 for 40,000 of Its members employed In 53 companies. Silo is currently In the process of negotiating with another 223 companies for the Implementation
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    • Article
      Lock icon Ford walkout
      60 1 AP LONDON, Mon. Thousands of workers at Ford's plants throughout Britain streamed out of factory gates today over wage claims that could bring the government'spay policy down In ruins. The mass walkout of over half Ford's 56,000 workforce In Britain was over a flat 5 per cent pay
      AP  -  60 words
    • Article
      Lock icon Unemployment threat
      44 1 Reuter SYDNEY, Mon. Australian Prime Minister Malcolm Fraser forecast that unemployment In Australia will reach record levels In January or February 1979. He said the government's policies are succeeding In reducing Inflation and laying foundations for greater Investment and more jobs. Reuter.
      Reuter  -  44 words
    • Article
      Lock icon US prime rate hike
      81 1 Reuter NEW YORK, Mon. Two major US banks set the stage for a new round of prime rate Increases this morning when they lifted by one-quarter of a point the cost of loans to their most creditworthy customers. The move to the 9% per cent level,
      Reuter  -  81 words
    • Article
      Lock icon Rubber mills
      56 1 Reuter KUALA LUMPUR, Mon. The Malaysian Rubber Development Corporation is to set up two general purpose rubber producing mills soon costing a total of US$2O million to meet foreign demand. The managing director of the state-owned Mardec, Encik Suleiman Manan, said the mills would be capable of processing
      Reuter  -  56 words
    • Article
      Lock icon Dow Jones
      61 1 UPI NEW YORK, Mon. Stocks headed lower early today amid Investor concern about rising Interest rates. Trading was moderate. The Dow Jones industrial average, a 1.30-polnt winner on Friday, was off 3.20 points to 850.23 around 1500 GMT. It lost 16.11 points overall last week. Declines led advances,
      UPI  -  61 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      134 1 Foils Most active Coaaplaat Wrta 390 8*1 Coconut* 300 UUl Plantationa 212 Metal Box Bhd 235 Two> Mln— 700 Eaao 308 DualopEat 350 C Sugar* 314 RoUmaaa 434 SiaM Darby 348 Rises Iat Wood 170 Nat Iraa 570 8kaacri-La 480 Hoof Laoaf 320 Naayaag Praaa 328 Taaafc
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    • Article, Illustration
      In Kuala Lumpur
      152 1 Foils Most active Sel Cnuts 2.82 Sg. Besl 9.25 D. Keramat 11.00 S.B.S. 1.00 C. Prop 1.49 A. Amal 5.S0 A. Choc 1.48 FE-L'ston 2.70 Utd. Mai 4.10 Austral E 2.70 Chersonese 2.10 Con Pit. Wrt 4.00 Rises KUUnghall 30.00 Tasek 3.28 Steamship 2.50 -.58 -.50 -.40
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  • Article
    Omron makes a comeback here
    817 1  -  PLANS TO GO UP MARKET By RONNIE LIM A JAPANESE electronics company which quit Singapore last year because of difficult market conditions Is to reopen Its offices here. The Japanese Omron Tatelsl company, which pioneered Cybernation (electronic control technology), will officially reopen its offices In
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  • Article
    Lock icon Rising franc and sinking dollar
    278 1 Reuter GOLD and the Swiss franc rose to record levels yesterday as the US dollar resumed Its tilde when European foreign exchange markets opened after the weekend. Foreign exchange dealers appeared unimpressed by the latest Washington move to shore up the battered American currency. Last
    Reuter  -  278 words
  • Article, Illustration
    Towards a 10pc growth rate in tourism
    514 1  -  ■y SOH TIANG KING THE GOVERNMENT has set a target of at least 10 per cent annual growth In the tourist Industry for the next 5 years. To meet this objective, the Singapore Tourist Promotion Board (STPB) will upgrade tourist services, develop new
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  • Article
    Bonn surplus up
    91 1 WEST Germany's foreign trade surplus rose sharply to 3.1 billion Deutschemarks (553.68 billion) In August from a revised 1.7 billion marks in July. West German exports totalled 21.9 billion marks In August, while imports amounted to 18.8 billion marks. The latest figures bring the West German foreign
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  • Article
    Garland reassures Asean nations of Australia's interest
    298 1 THE AUSTRALIAN Minister for Special Trade Representation*, Mr. R. V. Garlud, arrived here last night for a three day visit and discussion* on Anstralian-Asoan trade with Singapore ministers. Before leaving Australia to start his visit to Sivapore and' Banghoh, Mr. Garland eaid he
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  • Article
    Lipton Tea to blend for export from Singapore
    601 1  -  ■y JOHN LIM SINGAPORE'S exports of tea are expected to Increase tremendously next year when Upton's tea blending plant In Jurong goes Into operation. At present, Llpton's operations here do not export much. Lipton Tea Co Ltd at Boon Keng Road does
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      35 1 ODESSA OCEAN LINE FOt PAST EFFICIENT SHIPPING Coll the ogcnt: Singapore Win Shipping Co Pte Ltd s*h Fkxx, For Eastern Bank Building 156 Cecil St., Singapore I Cables Tele* RS ***** Tel *****33 (7 lines)
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    • Advertisement
      Page 1 Advertisements Column 2
      40 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant isj HEfIRV nnC RGEHCIES PTE LTO BRUNEI AjtM BFtI A C t C.srK'ril. T 144 ri JALAN CHtVALitR.BAMDAH St r> 91 f, A»V A BRUNti TEL *****
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    • Advertisement
      Page 1 Advertisements Column 3
      79 1 Leader Pi(i 6 SHIPPING TIMES CHEAPER food limn KL'i July cost of liriaf FOREIGN baakt la US braafht uadcr Federal control CIJEAN BL* hyr rf LAKER opaaa Loadaa-Lo« Aafoloo Skytrala rvm URUGUAY Latia Aatcrica'a DROUGHT 1 chocks of Ealfaa profit* 11 SINGAPORE'S raWeripdoa ta IMF to bo laetaaMd 12 BIA
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    • Advertisement
      Page 1 Advertisements Column 4
      186 1 If-BIX COMPLETE COPYMG SYSTEM APS ELECTRONICS (PRIVATE) LTD Singapore *****4 <s i*«) APS ELECTRONICS (M) SON BHD KU*l* LUMPUR Tel 03-*****0 London flights Plenty. But did you know that from KLM's home base you can reach over 20 destinations in the U.K. and Ireland i Aberdeen n VJ/r dinbur g
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  • TRADE AND INDUSTRY
    • Article
      MATTAR TO TOUR PLANT BUILDING INDUSTRY
      126 2 THE MINISTER-ln-charge and chairman of the Industrial Training Board, Dr. Ahmad Mattar is leading a team of board members and senior officers to visit the plant construction industry today. This is a highly capitalintensive industry with a high premium placed on job experience. Systematic
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    • Article
      Standards for water heaters
      85 2 THE SINGAPORE Institute of Standards and Industrial Research has comSleted the publication of a ingapore Standard Specification SS 146: Part 2 5 "Particular requirements for electric instantaneous water heaters." This specification which is to be read in conjunction with SSI46 1976, "Specification for safety of Household
      85 words
    • Article, Illustration
      Mecomb has a visitor
      213 2 THE chairman and chief executive of Honeywell Inc., Mr E. D. Spencer, left Singapore for Indonesia last Sunday after visiting Mechanical and Combustion Engineering (Mecomb), agents for Honeywell in Singapore, Malaysia and Brunei. Mecomb has acted as agents for Honeywell for more than 25 years. Mecomb
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    • Article
      Repco's marketing strategy pays off
      335 2 THE SECRET of successful marketing in South-east Asia by oversea organisations is to "get Involved." This is the opinion of Repco, a large Australianbased manufacturer of' automotive equipment, which has increased Its turnover in South-east Asia by more than 800 per cent in the past
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    • Article
      Practical electronics
      64 2 THE NATIONAL Productivity Board will organise a course on microprocessors technology and application, from Oct 17 to Dec 5 at the YMCA International Centre (Palmer Road). This course Is on the practical aspects of the Industrial application of the microprocessor. Emphasis will be placed on selection, assembly language
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    • Article, Illustration
      Cheaper food in KL lowers July cost of living
      539 2 THE cost of living in Peninsular Malaysia was slightly lower In July due to cheaper food price. However, in Babah and Sarawak, there was an Increase in 'June as compared with May. The Consumer Price Index (CPI) for Peninsular Malaysia declined
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    • Article, Illustration
      PEOPLE IN BUSINESS
      277 2 MR. ANTHONY S.H. Tang will be appointed corporate secretary of Cycle and Carriage Ltd from Oct. 1. Mr. Tang, who Is a member of the Institute of Chartered Accountants of England and Wales, had been In merchant banking In Singapore before Joining the Cycle and Carriage group.
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    • Article
      US food exporters look to Singapore
      336 2 AMERICAN food exporters, especially of quality US food products In demand with restaurants and shoppers, are looking to Singapore as a growing market. Mr. Robert Svec, US agricultural attache to the US embassy In Kuala Lumpur, was speaking at the opening of the US
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    • Article
      COINS TO NET $250,000 FOR LOCAL SPORTS
      234 2 THE SINGAPORE Olympic Council may receive around $250,000 from the sale here of the Soviet-minted Olympic coins. Mr. Henk Hoppener, regional managing director of Numlnter BN, the company which has the rights to distribute the 1080 Olumplc commemorative coins outside the Soviet Union,
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    • Article
      Lock icon Goods for Asean's Sydney fair
      148 2 AFP THE AUSTRALIAN government has allocated a special quota of goods from the five Asean countries worth At 300,000 (8*780,000) for a trade fair In Sydney from Oct 23 to 28. A Trade Department spokesman In Canberra said yesterday that to assist Asean countries In
      AFP  -  148 words
    • Article
      NZ mission probes joint ventures
      142 2 A SEVEN-MEMBER mission from New Zealand is In Singapore to gain a better understanding of the opportunities for the establishment of Joint-ventures and other cooperative arrangements. The team Is led by Mr Laurie Cameron, and Is the second mission to be organised by New Zealand
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    • Article
      Lock icon STAYING AHEAD
      109 2 Reuter THE INTERNATIONAL Rice Research Institute (IRRI), based In Manila, is trying to develop a rice plant variety which will resist new brown planthoppers that threaten crops In various parts of Asia. The monthly Philippines Farmers Journal reported yesterday that two new planthoppers have been discovered in India
      Reuter  -  109 words
    • Article
      MEMO PAD
      285 2 COURSES AND TALKS Sept 1-Oct 6: A practical approach to computerised mgt Information system (MIS), SIM, SIM Sept 25-29: Introduction to fire Insurance, SITC, SITC Sept 26-Oct 12: Industrial Relations, Holiday Inn, P.O.D. Oct 3: Management by objectives, Hilton, Consulasla. Oct 5-6: Mergers for managers, Hilton, Consulasla. Oct
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      268 2 All he needed was a financial leverage to expand* Do you? A paper products manufacturer had to increase its production capacity to meet market demands But it meant moving to bigger premises, increasing his overheads and level of inventories He needed additional operating cash to stabilize cash flow and provide
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      621 2 < I -H-OIE CKOSSWORD i CRYPTIC PUZZLE ACROSS I Swim like a duck flat out (S) 0 It'* velvety, soft and lush (5) 9 Bloodthirsty character (7) 10 Not a single metal (S) II One piece of land belonging to the church (5) 12 God of archery (5) 13 Where
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  • OVERSEAS
    • Article
      Money market rocked by negative forces
      558 3 MR. ALAN LERNER. senior vice-president, money market economics, Bankers Trust Company, reports on the US money market last week. i THE negative fundamentals, which have been shadowing the financial markets but were largely overlooked by investors, began to reassert themselves last week. Prices of
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    • Article, Illustration
      Lock icon DIAMOND FEVER HITS AUSTRALIA
      609 3 Reuter A 810 hunt for diamonds In a hot, rocky corner of Australia is generating the wildest excitement among speculators since the Illfated nickel boom of 1971. A remote part of northwest Australia, inhabltated mainly by rock pythons and wild donkeys until recently, is suddenly alive
      Reuter  -  609 words
    • WORLD IN BRIEF
      • Article
        Lock icon LONRHO'S EXPULSION
        443 3 Agencies PRESIDENT Julius Nyerere of Tanzania said the Lonrho trading group was expelled from Tanzania because it supported the Rhodeslan government while trying to disrupt the guerrilla alliance. Addressing workers in Dar Es Salaam, he said If Lonrho had been allowed to continue In Tanzania It would have
        Agencies  -  443 words
    • Article
      US regulates foreign banks
      773 3 LEGISLATION Nlabliihiai the first comprehensive frnmework for Federal government refutation of foreign bunking activities in the United Stateohns been approved by Congress and signed into a law. The measure, kam officially as the International Banking Act of lt7S, allows foreign banhs to continue as a strong
      773 words
    • Article, Illustration
      Lock icon Russian drive for power
      675 3 Washington Star USING technology originally developed by the United States, the Soviet Union is preparing for a major stride towards solving Its energy problems by building a commercial power plant that Is far more efficient than conventional plants. Dr. E.M. Shelkov, an eminent Russian scientist, will
      Washington Star  -  675 words
    • Article
      Lock icon Leaks hit Abu Dhabi's $1.3b LNG plant
      267 3 AP ABU Dhabi's multi-million dollar liquid natural gas plant on Das Island Is operating at 75 per cent of planned capacity because of leaks discovered In two storage tanks, it was reported in Abu Dhabi on Sunday. The US$565-milllon (SSI .3 billion) plant
      AP  -  267 words
    • Article, Illustration
      Resurrection of Life will take place soon
      250 3 THERE Is life after death. The magazine that ceased publication six years ago goes on sale again next Monday, with the familiar logo and oversized pages and pictures stuffed cover-to-cover. Life's new editors, who call it a redesigned magazine, insist it still offers
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    • Article
      Lock icon World business will be subdued forecast
      183 3 Reuter INTERNATIONAL business may be entering a period of more subdued Investment both In the next year or two on capacity grounds, and In the longer-term on profitability grounds, Midland Bank said In its quarterly review. The rate of return on capital, though Improving
      Reuter  -  183 words
    • Article
      Lock icon One in four expects record profits
      101 3 Reuter ONE out of every four Japanese companies listed on the Tokyo. Osaka and Nagoya stock exchanges are expected to announce record profits this year, according to a survey published yesterday. The survey, conducted by the financial dally Nlhon Kelzal, said 388 of the
      Reuter  -  101 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      45 3 Because I lie banker was on his toes, the ImsiiK oflan<l running. ,h.. 4. A f M I! II t'' «wsa V In'- f; yrr Vff. ■a r m X". w:>> Cl£_? «v WA: Shß" 4.'. ■s •St* ,"3| 'tit *Bb^*AjKßyß'*'%ii- a*-'^-'X• v.v' t "W'iiTMWfSfi
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      332 4 THfe Singapore market closed slightly higher with October One RSS buyers quoted at 250.25 cents per kilo yesterday, up one cent from last Friday's close, dealers said. The afternoon session gained further ground on reports of China acceptances, trade buying, upcountry demand and speculative buying, they
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    • Article
      RAS PRICES
      368 4 R A S prices In cent* per kilo yesterday Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int 1 R S.S.Oct Int. 1 R.S.S. Nov Int 2 R.S.S UK/Cont Int. 3 R.S.S. UK/Cont. Int 4R S.S. UK/Cont Int JR S.S. UK/Cont. Buyers 247 50 249
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    • Article
      SSR AND SMR
      99 4 NOON SSR and SMR prices yesterday: October Dtcet iiber RAS (Current Mth) (Foraard Mth) Buyer* Sellers Buyer* Sellers (cent* per kf) (ceatsp crkc) SSR 20 (1-ton pallet) 223 50 225 50N 224.50 226 SON SSR 50 (1-ton pallet) 221 50 223.50N 222.50 224.50N MRELB: SMR5CV (1-ton pallet)
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    • Article
      Closing prices
      30 4 Rubber: Sept 25 Singapore: Oct 250.25 cents (up 1 cent) Malaysia: Oct 256.25 cents (up 0.75 cents) Tin: M 51,878 (unchanged) Official offering: 235 tonnes (up 79 tonnes)
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    • Article
      Straits tin
      82 4 THE Straits tin price in Penang stood unchanged at M$ 1,878 yesterday. Trading was steady with operators awaiting the release of stockpile metal by the US House representatives in Washington later in the day. The steadiness also reflected continued demand from Japan. Eastern Europe and the US together
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    • Article
      Produce exchange
      263 4 PRESSURE from the Philippines forced prices of copra and coconut oil lower on the Singapore produce market yesterday. Over the weekend, the price of coconut oil in the Philippines was marked down by $50 per tonne while the price of copra was offered $12.50 per tonne lower. There
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    • Article
      Hongkong comex
      140 4 THE sugar market closed 10 to 22 cents higher yesterday In very quiet steady trading with six lots traded against eight on Friday, dealers said. The daily spot sugar price rose 0.5 US cents to 8.20 cents. Uncertainty over the International Sugar Agreement ratification continued to Inhibit operators
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    • Article
      SPOT PRICES
      191 4 YARN and cotton In Hongkong dollars, spot exgodown: Cotton Yarn China: Blue Phoenix 20 s 1.000. 32 s 2.000. 40's 2.720. (per bale of 400 lbs.) Piece Goods China: Butterfly and Otobe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeeae unq. (per
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    • Article
      Sugar
      64 4 SUGAR futures yesterday opened C 2.75 to CI.IO per tonne upon Friday afternoon closing levels In London. Turnover totalled 1,216 lots. Dealers said the market was steady following Friday's kerb advance. Trade buying was well met by local selling and profittaking. The London daily raws price was up £1.50
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    • Article
      Rice
      200 4 BANGKOK rice prices yesterday were as follows: BANGKOK RICE In US dlrs per tonne fob basis BANGKOK White Rice: 100 pet Ist class 402. 100 r:t 2nd class 387. 100 pet 3rd class 382. pet 377. 10 pet 352. 15 pet 347. 20 pet 342. 25 pet 352. 35
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    • Article
      Coffee
      83 4 ROBUSTA futures yesterday ended the opening call steady C 25 to €14 per tonne up from Friday. Turnover was 240 lots. Values Initially opened 14 higher basis Nov at £1,520 and then advanced on light commission house and local dealer buying. Dealers said trading was quiet reflecting lack of
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    • Article
      Cocoa
      43 4 TERMINAL opened £8 to £15.50 per tonne higher in a turnover of 158 lots yesterday In London. Values were initially marked higher following New York's late rally on Friday but because of an absence of fresh news, there was little follow-through interest.
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    • Article
      Gold
      259 4 THE Kllobar in Singapore opened at 5515,775 and closed at 5515,67S yesterday. The highest and lowest of the day were at $15,811 and 115,671 respectively. The tone was quiet. Spot gold for London delivery opened at US$2lB.BO/. 10 and closed lower at U*****.20/.50. The highest and lowest of the
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    • Article
      Lock icon American grain farmers face competition from W. Europe
      492 4 AP WESTERN Europe Is raising a bumper grain crop this year, which could mean more competition for American farmers In some world markets, the US Agriculture Department said. Production In the Common Market countries appears likely to surpass the 1&74 record of
      AP  -  492 words
    • Article
      Larger crop yields with new technology
      668 4  -  By EDWIN BLACK A NEW American technology now being tested in the Philippines may provide a solution to the most serious agricultural problem throughout South and South-east Asia low yield per hectare. At a recent meeting in Kuala Lumpur, Food and Agriculture Organisation (FAO)
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    • Article
      Sharp rise in cocoa prices
      489 4 THE 1978-79 supply picture for cocoa is "distinctly pessimistic." according to the latest market report by the London merchants, Gill and Duffus. It says a "significant reduction" in world production seems in prospect. The prospective reduction in supplies seems likely to keep prices firm, even
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        546 4 THE US dollar was traded up against major currencies on the foreign exchange market yesterday. Trading was active on the yen and mark counters. Against the yen. the US dollar opened at 187.40/ 50 and firmed to 187.00/ 70 by lunch. London's opening saw the dollar higher, at
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      • Article
        Asian $ rates
        193 4 Asian rates ASIAN currency rate* u at close c depoelt interbank m Sept 25 US Mai CMhr raOpat) Mi 7days 1 mth 2 mths 3 mths mUu B mthi 12 mtiu 17/1 IM 9 VH 67/13 9 3/4 9 3/4 9 3/4 Sv.fo. (tUMkl as/« 91/3 9 3/16 65/16 9
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      • Article
        Discount
        46 4 RANGE of prices offered by discount houses on w-pt 25 Overnight 3* J% Call depoatt 3S a-tmc Bmyimt Mh| 3-Month Treasury bills 3 8/18 3 7/16 3-Month Bank bills 61/7 (3/1 3-Month CD 6 IS/16 13/16 6-Month CD 71/1 7 Source: National Discount Co Ltd
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      • Article
        London
        228 4 THE dollar steadied yesterday after early weakness, but the currency remained generally below Friday's closing levels, dealers said. The dollar was particularly weak against the mark and in the opening states eased to around 1.9450 marks before recovering to 1.9692/98 compared with Friday's close of 1.9520/35. Dealers believed the
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      • Article
        Tokyo
        222 4 THE US dollar for overnight delivery closed slightly higher yesterday at 187.85 yen compared with a 187.60 opening and unchanged from last Friday's close after falling briefly to 187.20 yen, dealers said. Trading was moderate with volume $481 million. The US currency fell initially on selling mainly from foreign
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      • Article
        Euro $ rates
        92 4 Euro rates LONDON Eurodollar rates opened up to 3/16 higher yesterday in light trading following Friday's Increase In U8 discount rate and In the wake of further indications of a tightening in U8 short term Interest rates, dealers said. LONDON Eurodollar depoatts opening quotes yesterday Overnight 0-11/16. 0-0/10 Tuea/ *rd
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      • Article
        MLR
        15 4 THE iverafe rate at which Siagapara banks are cnrrMtly to^lea^to is 7.26 per cant.
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      • Article
        Hongkong
        45 4 BANKNOTE rates quoted yeaterday 08 4.73-4.75 UK 9.30-9.50 Burma 1.20-1.50 India 4.00-4.M Indoneau 1.10-1 IS Japan 2 52-2.53 Korea 0 00-0 92 Philippines S 00-0 «2 Singapore 2 10-2 12 Malaysia 2 OSS-2,075 Brunei 2 00-2 II Thailand 23 75-23 95 Taiwan 12 70-12.90
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      223 4 Hie combined effort of many of thAmnAlV: hngtmMtiml wrimlsiMedical and Health Animal i 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 task which the
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  • TRANSPORT
    • Article
      Lock icon Japan-Boeing contract on 767
      138 5 Reuter BOEING Co hi rig—d a contract hi Bunk with a Jagaaeee eoaaorthiin that will help Bmm and build Boeing's hw 717 aiiiiaar. Financial tana war* not dlscioood. bat avbtba ssaress previoualy said tha Japaaeoe war* aapactad to contribute IS par eant of the plana'• development
      Reuter  -  138 words
    • Article
      Lock icon Laker opens London-Los Angeles run
      415 5 UPI SIR FREDDIE Laker, the patron saint of cheap air travel who has flown nearly 250,000 people between London and New York In one year, celebrates the first anniversary of his Skytraln service by Inaugurating a low-cost London-Los Angeles run today. The one-way fare for
      UPI  -  415 words
    • Article
      VESSELS CLASSED IN AUGUST
      132 5 THE AMERICAN Bureau of Shipping last month classed 53 vessels worldwide totalling 381,892 deadweight tons or 273,309 gross tons. The vessels included one French-built 125,188-cubic metre liquefied natural gas carrier, one Canadian-built drilling vessel, one US-bullt self-elevating drilling unit, and one US-bullt selfsetting production and storage
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    • Article, Illustration
      SHIPS IN PORT
      373 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chidambaram (1500 after Jastarnla Bor) 1/2 Golden Glory (0600 after Ping Shan) 24 Iwerl (0700 after Ping Shan)2s Kamensk Uraljakly (1800 after Shoryu Maru) 15/10 Kim Ann (1000 after Bunga Bin dang) 19 King Pearl (OOOO) 23 Kota Eagle (0700) 10/11 Kwangtung
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    • Article
      Clean BLs against letters of indemnity
      1088 5  -  UNPRECEDENTED CASE •y RAHIM KASSIM A PROTRACTED and unprecedented admiralty suit Involving the legality of clean bills of lading issued against a letter of indemnity is now being heard in the High Court before Mr. Justice Kulasekaram. The dispute first started in September 1970
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    • Article
      Lock icon New submarine
      92 5 AFT FRENCH President Valery Glscard d'Estalng yesterday authorised work to begin next year on a new generation nuclear submarine missile launcher. It will be the first to be equipped with new M-4 nuclear missiles and Its commissioning should coincide with the delivery of the first batch of these
      AFT  -  92 words
    • Article
      Lock icon AMERICA GRANTS ANCHORAGE STOPOVER FOR KAL
      116 5 AFP SOUTH Korean flag carrier, Korean Airlines (KAL), will be allowed to operate regular passenger flights from Seoul to New York through Anchorage under an agreement reached last week between the two countries. The United States has steadfastly rejected for five years South Korean
      AFP  -  116 words
    • Article
      Lock icon Iata seeks cuts in air travel controls
      336 5 FT A FAR-REACHINO simplification of controls on world air passenger traffic Is being sought by the International Air Transport Association (lata), which represents more than 100 of the world's major airlines. lata is presenting a series of proposals to a meeting of the
      FT  -  336 words
    • Article
      AIRFARE REFORMS
      107 5 CHANGES In fares-Axing and other matter* propsssd by the world's major airlines in Montreal in June, ere now being seat to governments for approval. The chances will enable the airlines to opt oat at existing faree-Oxing tnnlbisntns and to work out their own fares on a given route,
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    • Article
      Lock icon Decision on UK part in Airbus imminent
      416 5 AFP THIS WEEK will see a decision on both sides of the English Channel on whether Britain will take part In the European Airbus project. Cut-off date for the decision, experts say, will be Oct. 1. They recalled that at Britain's recent Farnborough
      AFP  -  416 words
    • Article
      Lock icon NEW SUIT AGAINST OWNERS OF AMOCO
      380 5 Reuter "WE WANT the damage* to be punitive. We want to make sure they dissuade anyone else from wrecking their tanker on our shores, said Mr. Jules Lecendre. Mr Legendre is the deputy mayor of Ploudalmeteau. Just four kilometres from Portsall where the Llberlan-reglstered
      Reuter  -  380 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      740 5 ARRIVALS fUi Idnl Operator Note Time Ft— PAA CAL MAS PA005 CI331 MH601 0015 0040 0700 LAX/HKG TPE/HKO/KUL KUL MAS SIA MAS MH682 SQ10I MH621 0725 0615 0840 KCH KUL PEN MAS MAS CAL MH607 MH671 CI 806 0845 0045 1000 KUL PEN/KUL HLP CPA OIA MAS
      740 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      98 5 Luxurious and comfortable split-level Largest Hilltop Garden Houses in Thomson area GOLDEN HILL PHASESfOJ«^£^ HILLTOP 2 STOREY SPLIT LEVEL SEMI DETACHED! BUNGALOW J*. VJ 1 1 J Hll L TOP 2 STOREY t SPLIT L EVEL TERRACE HOUSE FREEHOLD LAND GOuHN H»U 5 STATUTORY LAND GRANT (FREE FROM ENCUMBRANCES COMPLETION
      98 words
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  • Article
    Every head for his electorate
    426 6 T* 11 WEEK, the annual International Monetary Fund and World Bank meeting Washington amid a blaze of the publicity and the usual naive optimism that wlll Produce results. If one can SSTIJ*" toternational conferences can w the world, then we ought to be living in
    426 words
  • Article
    Omron's return a boost for all
    233 6 IT IS rare to see a foreign manufacturing company returning to Singapore after leaving It a year ago. Omron's decision in this respect is laudable. It indicates that good business acumen has prevailed among the ranks of its top management enough to overshadow any
    233 words
  • Article, Illustration
    Latin America's economic marvel
    1597 6  -  Uruguay is a little South American jewel with a unique capitalist-socialist system, a stable, democratic government, even income distribution, and a highly developed welfare system. JOHN TAN, who was there recently, writes about this economic bijou. JOHN TAN WITH a population of only three million, and
    1,597 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      276 6 DflLVflfllUSS TttfffisciriflTfOrts 7/ ,r -1 P N I a »v H£ FASCINATIONS .1. PS* Hlackirofl»er Stfaft/2wmi&A A perfect complement to arty meal. »v Just don't miss them at the k>n Bar while they pulsate their audience with their rhythmic sways of their bellies to the gentleness of their voices Also
      276 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hours prior to 7.30 pm on Sept. 25 at the airport: Maximum Temperature 30.1° C Associated Humidity 69 Minimum Temperature 25.2° C Associated Humidity 97 Hours of Sunshine 0.70 Rainfall in Millimetres 0.3
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      300 6 SINGAPORE 5 3.00 PM Opening announcements followed by Impact An Appeal To Man's Ecological Conscience 3.30 Diary Of Events (English) 0 3.35 Afternoon Matinee The Reward (Pt. 2). Starring: Max Von Sydow, Yvette Mimiex, Efrem Zimbalist Jr. 4.10 Science Report* 4.25 Intermission 6.05 Opening announcements followed by Fables Of The
      300 words
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  • Article, Illustration
    Lock icon Conservationists' gorilla warfare
    723 7  -  By LLOYD TIMBERLAKE Reuter SOME 250 conservationists are gathering in the middle of Soviet Central Asia today for dpNs a purpose than writing the first ever gWhal strategy for saving animals and plants threatened by extinction. The occasion is the 14th general assembly of the International Union
    Reuter  -  723 words
  • Article
    Lock icon Ecuador warns its energy wasters: 'Don't burn up our future'
    982 7  -  Ecuador has enjoyed a great oil bonanza but the best days appear to be past and the country is now delicately balanced between spending its money to try and find more oil or spending it on developing resources which will
    FT  -  982 words
  • Article, Illustration
    STRAWS IN THE WIND
    177 7 THE LONDON publication "Spectator" celebrated Its 150 th year last week. One of Its well-wishers was the weekly Economist, wellread by businessmen throughout the world, which took a full-page Inside cover advertisement that announced: "The Economist, at a mere 135, wishes the Spectator, at a grand
    177 words
  • Article
    Create your own problems and solve them
    936 7  -  FORUM I ...on creativity 3 ■y TERESA LIM THE MOST valued quality In anyone, whether he or she is a scientist, a businessman or an artist, is creativity. While it used to be that people were a little wary of using that term
    936 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      337 7 ;4- Ip%lJr f IW a I 9. f W fJp V r f ft* New Japanese Restaurant KIKU^p serving authentic Japanese food 77 >% a V* "r r f ->. 1 You 11 feat like royalty at the Rang Mahal, Palace ci Colours. On our daily menu are the hm
      337 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      46 7 EnStcwr.-PiankDiclfenS KE.FM4.V, HOU> f*V/ LtFe stfems to mpm£ f\ torn foe. Tv€. Be*Preg.... Rofc the. "HPOC rm SNUG PwnlD U)Pvonr>, U)eu, uX2RPF£D UP (tsl "Me 6LP>NKfeT OF f\ ficLJ <IMD UaORDS Fteooa OLD FuDG€_ PkMD I'm T\4e SUVfrIG CL£.Rtc U*AO CPmC IN Ot)T OF Tne COLD
      46 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Fibre makers may see light at end of tunnel
      1659 8 FT FOR EUROPE'S fibre pro- ducers the long wait could soon be over. Within the next two months it should become clear whether the crisis cartel worked out in nearly 12 months of discussions, and halted abruptly because of disagreements within
      FT  -  1,659 words
    • Article
      Lock icon Analysts in HK ask for more information
      529 8 FT THE HONGKONG Society of Security Analysts haa proposed a number of improvements some of which it suggests will prove "controversial" in financial reporting standards for companies in Hongkong. These include disclosure of directors' interests, disclosure of material interests, treatment of non-recurrent 'Mm
      FT  -  529 words
    • Article
      Lock icon Mitsumi, Nissan Norin margin requirements
      87 8 Reuter THE TOKYO Stock Exchange said It will lower margin trading requirements for Mitsumi Electric Co Ltd and Nissan Norin Kogyo Co Ltd to 50 per cent without cash requirement effective from yesterday. The present margin requirement for Mitsumi Electric Is 60 per cent Including
      Reuter  -  87 words
    • Article
      Lock icon Gambling stocks are faltering in Wall Street
      746 8 NYT THE prevailing wisdom In Wall Street is that once the speculation In gambling stocks has been punctured, the general market can resume Its climb. Perhaps such a scenario will prove true eventually. But leaders In the casino group underwent a sharp price
      NYT  -  746 words
    • Article
      Philips' French unit posts 22pc gain
      140 8 LA RADIOTECHNIQUE, a French electronics subsidiary of the Philips group of the Netherlands, posted a net profit of Fr555.6 million for the first half of this year, an increase of 22 per cent on the like year-ago period. Net operating profit was *0 per
      140 words
    • Article
      Gotabanken results well ahead
      159 8 THE RESULTS for the first eight months of 1978 for Gotabanken show an increase over the same period of 1977. The operating profit for the January-August period this year amounted to SKr 96 million an increase of SKr 17.4 or 22.2 per cent compared with 1977.
      159 words
    • Article
      Canadian paper industry may undergo major realignment
      941 8 THERE IS a strong possibility of a major realignment of the eastern Canada pulp and paper industry where most of Canada's 10 million tonnes yearly newsprint capacity is centred. This could lead to important changes in control. UK newspaper Interests for several generations
      941 words
    • Article
      Lock icon Relatively bullish
      581 8 TOKYO Source: DBS-Daiwa THE market was relatively bullish yesterday, centring on medium-priced quality issues. However, volume was rather thin owing to the approach of ex-dividends and ex-rights at the end of the month Multiplex Broadcasting-related issues were among the major gainers. Pharmaceuticals and large-capital issues were rather weak.
      Source: DBS-Daiwa  -  581 words
    • Article
      Lock icon Hongkong
      382 8 Source: SHK Sec STILL trading on its technical merits, the market advanced slowly yesterday morning In extremely thin trade with most blue chips showing good gains. Scattered selling In the afternoon on fears of higher Interest rates, Inflation and a possible rights Issue saw prices off the top but
      Source: SHK Sec  -  382 words
    • Article
      Sydney
      126 8 URANIUM nocks were lower in an otherwise generally subdued market yesterday SEPT n OenU INDUSTRIALS A. C. I A.N.I A. P.M Ampoi Pet B. H P Bank NSW BoraJ Brambles C. B A c. a. Coal Allied Dunlop Cs bid Herald ["ST Lend Lease Myer New* Ltd Oakbrtdfe Pioneer
      126 words
    • Article
      Bangkok
      228 8 8*p< 25 Baht Bangkok Bank 306 Bank of Ayudhaya Ltd 270 Thai Dknu unq Thai Farmers Bank 352" Thai Commercial Bank 784 Bangkok Metropolitan Bank unq Industrial Finance Corp 2 635 ♦2 -2 +48 General Finance 306 Bangkok Investment 326 First Trust 304 Raja Finance 1.200 LeeKwang Ming Trust
      228 words
    • Article
      Manila
      87 8 SEPT IS Peso* Acoje Mining Atlas Con A Atlas Con B Bagulo Gold Benguel Con B BF Goodrich CDCP IncoB Landoll Lepanlo B Marlnduque B Meralco Oriental A Oriental B 0106 22 90 0138 37.2s 23.50- 30.25 2550 7 95 2400 I 078 04 -0.3 uncfti -0.28 unetr >
      87 words
    • Article
      Selected indices
      34 8 KM H.K. HANG SENG »y Monday 618.7^Friday Week Aro Clo*^' SYDNEY INDUSTRIALS Monday 478 ft 1 Friday 479.53Week Ago 47X11 ALL OR DO A RiEs Monday Friday 566 7».Week Ago ..560 26
      34 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      197 8 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 the exclusive "Foulks Lynch Review". 4.
      197 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Santos blocks Burmah move
      362 9 r ASIAN Reuter SANTOS Ltd said it instituted proceedings in the Supreme Court of New South Wales with a view to preventing the implementation of Burmah Oil Australia Ltd's sale of its 37.5 per cent stake in Santos to a group headed by Perthbased Bond Corp
      Reuter  -  362 words
    • Article
      Lock icon Chiba Tsushin Kogyo faces bankruptcy
      174 9 Reuter CHIBA Tsushin Kogyo KK, third biggest Japanese t C4tizen-Band Radio manufacturer. is facing bankruptcy and is suspended from bank transactions. The company capitalised ,at 100 million yen, failed to honour an undisclosed' amount of bills, company ,".Officials said. It Is not known whether the
      Reuter  -  174 words
    • Article
      Lock icon Australian National profit buoyant
      92 9 Reuter AUSTRALIAN National Industries Ltd announces a pre-tax profit of A 522.1 million ($14.6 million) In •'the year ended June 30. Total sales were $377.9 million ($217.2 million). Earnings per share 32.7 cents (28.4 cents) and final dividend six cents per share, making 10.5 cents (9.9
      Reuter  -  92 words
    • Article
      Lock icon Sumitomo sets up HK unit
      71 9 Reuter SUMITOMO Trust and Banking Co Ltd will establish a wholly-owned finance company, Sumitomo Trust Finance (HK) Ltd, in Hongkong on Oct 2 with a total capital of US$5 million. The bank said the main business of the new company will be supplying medium and
      Reuter  -  71 words
    • Article
      Lock icon HOPEWELL RISES
      68 9 Reuter HOPEWELL Holdings Ltd announced a group net profit of HK556.34 million ($43.93 million) for the year to June 30. Final dividend at 14 cents (10 cents), making total 20 cents (15). Books closed Oct 28 to Nov 10 inclusive. South Sea Textile Manufacturing Co Ltd said an
      Reuter  -  68 words
    • Article
      Lock icon Pancontinental
      33 9 Reuter PANCONTINENTAL Mining Ltd said it allotted 10.200 shares of 25 cents par value each at A 56.67 a share following the exercise of options with a Sept 16 expiry date. Reuter
      Reuter  -  33 words
    • Article
      Lock icon Minorities hinder FVB advance
      246 9 S.AFRICA FT INTERIM RESULTS from Federate Volksbeleggings (FVB), the main industrial holding arm of the Sanlam insurance group, show turnover up from RB9 million to RlBB million for the six months to June 30, a jump largely reflecting the acquisition of a controlling interest In SA
      FT  -  246 words
    • Article
      Lock icon Sentrachem expectations
      160 9 Reuter SENTRACHEM Ltd expects to ultimately replace over 70 per cent of all South African rubber imports with the addition of a large scale solution rubber plant to be located at Sasolburg in the Orange Free State, at a cost of about 60 million rand. The chairman Mr.
      Reuter  -  160 words
    • Article
      Lock icon Japanese expected to make mark issues soon
      166 9 BONDS&LOANS h Reuter JAPANESE companies are scheduled to make mark convertible bond issues totalling around 260 million marks over the next three weeks. Bond market sources said Westdeutsche Landesbank Girozentrale Is expected to announce shortly a 30 million mark seven-year Srlvate placement for
      Reuter  -  166 words
    • Article
      Lock icon IBJ raises certificates of deposit
      61 9 Reuter THE Industrial Bank of Japan Ltd (IBJ) said its floating rate certificates of deposit issue closed earlier than scheduled and due to very heavy demand, was raised to US$5O million from $25 million. Maturity date will be Oct 13, 1981 with Interest at 1/4
      Reuter  -  61 words
    • Article
      SANDVIK ISSUE
      43 9 SANDVIK AB will float an 85 million franc, 12-year bond in Zurich in early October. Bond market bankers said of the total. 80 million francs will be used to convert an earlier 6 per cent bond that Is being redeemed early.
      43 words
    • Article
      Lock icon Girozentrale
      26 9 Reuter THE 25 million mark eightyear 5-3/4 private placement <"*trozentrale Wlen was priced at par, a spokes- man for lead manager, Estdeutsche Lanesbank Girozentrale, said.
      Reuter  -  26 words
    • Article
      Lock icon Iscor makes mark placement
      80 9 Reuter THE South African Iron and Steel Industrial Corp (Iscor) is making a 40 million mark private placement with a probable sixyear maturity and 8K per cent coupon. Bond market sources said the issue Is being managed by Bayerlsche Vereinsbank and is expected to be priced
      Reuter  -  80 words
    • Article
      Lock icon Kayaba coupon
      49 9 Reuter KAYABA Industries Ltd Is Issuing a 30 million mark seven-year convertible bond with a 3v» per cent coupon, a spokesman for lead manager Westdeutsche Landesbank Girozentrale said. The issue is being made as a private placement and final terms will be set on Oct 3. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Rockwell gives up production of Admiral sets
      573 9 N.AMERICAN AP Reuter ROCKWELL International Corp, citing stiff competition from foreign television makers, said it will quit making and selling Admiral television sets In the United States. Intense price competition, particularly from Japanese sources, has contributed to significant operating losses in Admiral's domestic
      AP; Reuter  -  573 words
    • Article
      Lock icon Mobil Exploration ups estimated cost
      247 9 f EUROPEAN Reuter MOBIL Exploration Norway Inc has raised its estimate of the total cost of the Statfjord "B" platform to between US$l.7 and $1.9 billion from an earlier estimate of $1.28 billion. A press release by Statoll of Norway received In London, revealed the
      Reuter  -  247 words
    • Article
      Booker first half rises to £12m
      351 9 WITH INCREASES in the engineering, spirits and liqueur and agricultural divisions offsetting shortfalls elsewhere, taxable profit of Booker McConnelf increased from £9.84 million to £11.82 million in the first half of 1978. Turnover was up from £230.49 million to £266.99 million. Sir George Bishop,
      351 words
    • Article
      Bank of Scotland suffers 4pc setback
      298 9 AFTER BRINGING In the group's share of associates' profits, Bank of Scotland reports pre-tax profits of £13.34 million, for the half-year ended Aug 31, 1978, a reduction of 4.4 per cent on the corresponding Frlod's £13.96 million and 1 per cent down from the
      298 words
    • Article
      Lock icon Amro rights issue
      90 9 Reuter AMSTERDAM Rotterdam Bank NV (Atnro) said It plans a one-for-10 rights Issue of 2.15 million shares at 67 guilders a share. The shares closed at 83.80 on the bourse last week. The new shares will be entitled to final 1978 dividend. Interim dividend was 2.40 guilders
      Reuter  -  90 words
    • Article
      Lock icon ONE TOO MANY AT OLIVETTI
      89 9 Reuter INO C Olivetti EC Spa said It has 3,500 employees more than it needs in Italy and expects to reduce its workforce gradually by natural wastage. The overstafflng is due to the transfer to electronic technology In Its factories. If Olivetti were to begin
      Reuter  -  89 words
    • Article
      Lock icon Amrep not keen on Terrin interests
      85 9 Reuter THE French offshore oil company. Amrep. is not Interested in buying or managing the ship repair Interests of the financially troubled Ste Provencale Des Ateliers Terrin of Marseilles. Sources at Amrep said Terrin is the biggest ship repair yard In France. There had
      Reuter  -  85 words
    • Article
      Lock icon Bache payout higher
      40 9 Reuter BACHE Oroup Inc said directors increased the quarterly dividend to 10 U8 cents from five cents a share and declared an extra cash dividend of 10 cents, both payable Sept 29. on record Sept 18. Reuter.
      Reuter  -  40 words
    • Article
      NORANDA RESUMES WORK AT GOLD MINE
      175 9 NORANDA Mines Ltd said it Intends to resume work on its Chad bourne. Quebec, orebody due to the strengthening of gold prices and a new and encouraging geological interpretation of the orebody. However, work on the site, suspended in March. 1976, will not proceed
      175 words
    • Article
      Std. Oil Indiana considers offer for Kennecott
      262 9 STANDARD OIL Co (Indiana) said It Is evaluating "some form of association" with Kennecott Copper Corp but has no Slans to make an offer for D per cent of Kennecott's common at US$4O a share "or any other price." t Indiana Standard said
      262 words
    • Article
      Lock icon Litton wins warship contract
      79 9 Reuter THE US Navy said it awarded Litton Industries Inc a U*****.8 million contract to design and build the first of a new class of DDG--47 guided missile destroyers. The firm was selected over General Dynamics Corp for the contract. Bath Ironworks. a subsidiary of Congoleum
      Reuter  -  79 words
    • Article
      Chemical New York income may rise 16pc
      397 9 CHEMICAL New York Corporation's third quarter operating earnings are expected to rise at least 10 per cent over the third quarter of last year, Mr. Donald Platten. its chairman, said. Mr. Platten said third quarter per share results for the corporation, the holding
      397 words
    • Article
      Lock icon GM truck sales outrun industry
      250 9 Reuter GENERAL Motors Corp vice-president, Mr. Robert Truxell, said General Motors 1979 model year truck sales should read 350.000 vehicles. Speaking at a model preview presentation, Mr. Truxell said industry-wide truck sales in the upcoming model year could reach 4.2 million, up from about 4.05
      Reuter  -  250 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      204 9 ANDREA NEWMAN in Penguins guns the tense momentum of e thriller as Another Bouquet it Andrei! Newman's sequel to A Bouquet of Berbed Wire. Prut deed, but Gavin and Manson cannot let bar go. Her ptwenoe lingers in the relationships of the people who know her. And the shifting aftermath
      204 words
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  • DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1299 10 BID and offer price* officially listed and buatneei In and reported to the Stock Exchange of Singapore jesterI; day •«!> the number of Ultra traded shown in bracket* In lou of 1.000 untU unless otherwise specified. All Time Settlement Contract* are quoted after the word •sett." Big Board
      1,299 words
    • Article
      Government bonds
      94 10 4 1/2% l/ftffao (250,000) (99.628 99.008) 4 */4% 16/9/66 260.000) (99.978 100.068) 5% 16/4/61 (250,000) (100.108 100.208) iV4*TF 16/1/61-64 (250,000) (102.358) v 7% l/9/U (250.000) (100.708 100 85S) 7 1/4% 16/4/66 250.000) (100.75B) 7 1/4% 16/16/66 250,000) (100.75B) 1 1/4% l/f/87 (250,000) (100.70B) 6 1/2% T F U/Vtt
      94 words
  • Article
    SHARE INFORMATION SERVICE
    2480 10 1 O's O'I Net 1978 Law I MUt Dhr Dtv Y'ld P/E Vol Day High Company Sale +or- Crr COM) Hick Low SECTION ONE INDUSTRIALS 272 132 Acma 235 -4 12.ON 1.3 5.1 25.5 16 240 235 I 238 123' Alcom 234 10.0 2.2 4.2 17.3 178
    2,480 words
  • Article
    Unit trusts
    134 10 ASIA UNIT TRUST INCOME BOND UNIT Ms——' prima tar Sapt >1 Sapt M Mai Invest Fund 2.29 2.37 INCOME BOND 1.00 1.11 Mai Fro« Fund 118 1.J3 Mai Security Fund l.lt Ml MARA BUMIPUTRA FUND Mai Berjaya Fund 1.11 1.29 First Bumlputra nr ospv 3.17 3.22 8INGAPORE UNIT
    134 words
  • Article
    In Kuala Lumpur
    1945 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified. INBMBTBIAkS <2.888). Alaam (I.MS) CD. a ekM (l.saat tit i.4C Bata (J
    1,945 words
  • Article, Illustration
    Share prices fluctuate
    781 10 SENTIMENT blow hot and cold «i the Stock Ezduaft of Sinftpon yeetorduy. Shore prices firmed one mo meat with sellers withdrowo hot in tho oezt breath, tho aorhot weakened acroee tho hoord. Tho anticipated rally fizzled out qwckty. Broker* who had expected a rush far stocks were
    781 words
  • Article
    KLSE closes slightly easier
    740 10 AN early show of strength on the Kuala Lumpur Stock Exchange yesterday, fizzled out, causing prices to close on a mixed to marginally easier npte. Renewed selling on the part of weak holders and profit-takers were largely responsible for the reversal in trend. Sentiment was also
    740 words
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  • COMPANY NEWS
    • Article
      S'pore Paper makes clarifications on report
      536 11  -  Letter to the editor ONG TIONG SOON Managing Director SPPL Dear Sir, With reference to an article published in your Sept 21. 1978 issue entitled "SPPL reveals plan to acquire two construction companies" as written by one Mr. Mano Sabnani, we wish to clarify
      536 words
    • Article
      COMPANY MEETINGS
      172 11 PAN Malaysia Rubber Industries Berhad: AGM to be held at The Asean Room, Holiday Inn, Jalan Pinang. Kuala Lumpur, at 10.30 a.m. on Sept. 28. Pan Malaysia Cement Works Berhad: AGM and EOGM to be held at The Asean Room. Holiday Inn. Jalan Plnang. Kuala Lumpur. at 11.00
      172 words
    • Article, Illustration
      Bad drought checks the flow of Kulim profit
      1300 11  -  By SUSAN BEVAN KULIM's delayed interim report has now been published and shows the drastic impact of the drought on results of which tljp group sounded a warning in July when the company announced that the report would not come out at
      1,300 words
    • Article
      DIVIDENDS ANNOUNCED
      504 11 Cvmt Ex Baoka Date Total fcr Taial for payaoat Data daaa payakla tkeyaar piiiiiaayai M'wata 10*TE(b) Aug 24 Sept 8 Oct 18 10* TE 10* TE 'ccp O Sal Droit* JC-MPH 15H 10% Aug 28 Sept 1 Aug 8 Sept 9 Sept 21 Sept 28 55* 18* 80*
      504 words
    • Article
      SCRIP ISSUES
      151 11 Con pa ay Particular* Ex Date Books Ctea •'x Rothaau Bonus Issue of 1 for 4 Oct 16 Oct 26 0 Cirlihn Tr—toll Bonus Issue of 1 (or 2 Oct 11 Oct 28 Bonus Issue of one for 6 Oct! Oet It zr Maian Kmilia Bonus issue of
      151 words
    • Article
      Sime to meet on Sept 28
      94 11 SIME Darby Holdings announced yesterday that it* board of directors will meet on Thursday, Sept 28, to consider the company's preliminary announcement for the year ended June 30, 1978 and to recommend a final dividend for the year. The company's preliminary announcement will be
      94 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      624 11 (MNB MOSCOW NARODNY BANK LIMITED INCORPORATED IN LONDON IN Isl9 AS A PRIVATE LIMITED COMPANY BALANCE SHEET AS AT 31st DECEMBER, 1977 Capital Authorised: 40,000,000 ordinary shares of £1 each Issued: 36,500,000 ordinary shares of £1 each (fully paid) General reserve Profit and loss account Current, deposit and other accounts
      624 words
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  • Article, Illustration
    Currency stability possible, says Healey
    885 12  -  Growth rate convergence BRITISH Chancellor of the Exchequer Denis Healey revealed on Sunday that the heads of government of the seven most industrialised Western countries and Japan will before the end of the year to review progress made after the Bonn summit. No date -er
    885 words
  • Article
    Lock icon Greater IMF role in forex forecast by Hanover
    325 12 Reuter THE. surveillance function of the International MdTJetary Fund (IMF) may b« ♦xpected to play a steadlly**rowlng role in seeking stQble foreign exchange markets. Manufacturers Hftttyxer Trust Co chairmas Gabriel Hauge said. He said a viable monetary system requires the IMF to
    Reuter  -  325 words
  • Article
    Lock icon LDCs demand more trade
    664 12 Reuter FINANCE ministers from the developing countries called on Industrial nations with surpluses to take stronger action to promote economic growth which would stimulate world trade. Such action is necessary to boost the demand by the Industrial countries for the products of the developing world, explained
    Reuter  -  664 words
  • Article
    LONDON STOCKS
    830 12 LONDON. Mori. —Share prices closed lower In response to Ford Motor worker's strike action In support of a pay claim. At 3 pm. the Financial Times Index was down 8.4 to 510.2. Flmbs finished a net 15p lower at 369p after lower than expected final earnings while losses
    830 words
  • Article
    Higher IMF quota allocation for Singapore
    220 12 SINGAPORE is one of the three countries whose subscription to the International Monetary Fund will be increased under the proposed seventh quota allocation. Announcing this on Sunday, Mr. Denis Healey, British Chancellor of the Exchequer and chairman of the important Interim Committee, said that
    220 words
  • Article
    Lock icon IMF CHIEF CALLS FOR CONCERTED EFFORT
    242 12 UPI INFLATION, with slow economic recovery from the 1973-75 recession, and lopsided balance-of-payment accounts constitute a "very difficult and potentially dangerous situation," said IMF Managing Director Jacques de Laroslere in the opening session of the IMF-World Bank annual meeting today. The meeting attracted 3,500
    UPI  -  242 words
  • Article
    Lock icon Further measures on dollar expected
    135 12 Reuter THE BANK of Japan and the Tokyo government expect the US to announce further dollar-defence measures following Friday's decision to raise the official discount rate to 8 per cent. A spokesman said the bank believes the official discount rate Increase will have a psychological
    Reuter  -  135 words
  • Article, Illustration
    Two DC10s for SIA fleet
    457 12  -  •y TERESA LIM SINGAPORE Airlines (8IA) has taken up options for two more DCIO series 30 aircraft at a cost of $237 million. These will be used to strengthen its existing services to Manila, Tokyo, Perth and Auckland. SIA will augment Its services with these
    457 words
  • Article
    New MAS finance manager's varied experience in banking
    248 12 MR. LEONG Kwok Kee, former manager of the Monetary Authority of Singapore's London office, has taken over as the authority's manager of finance and administration. Until his recent appointment, this post had been vacant for nine months since the resignation of Mr.
    248 words
  • Article
    Lock icon We won't sell out, say HK spinners
    476 12 AFP HONGKONG spinning and weaving companies have brushed aside suggestions that this sector of the textile industry may eventually disappear through mill operations being reE laced by property deveipment or sale activities. Although admitting the decrease of mill sites in some cases, the
    AFP  -  476 words
  • Article
    Lock icon Drastic dip in Thai rice exports
    116 12 Reuter THAI rice exports during the first eight months of this year showed a decrease of almost 50 per cent from the*same period last year. According to the latest bulletin issued by the Thai Board of Trade, the country exported 1 million tonnes during
    Reuter  -  116 words
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      Page 12 Advertisements Column 1
      3 12 Leader Pace f
      3 words
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      Page 12 Advertisements Column 2
      89 12 Three Important Management Training Programs: PRESENTED BY 1. Management Accounting and Control for the Non-Accountant Manager 13th-l4th October 1978. 2. Manufacturing Strategy for the Small Business 20th-21st October 1978. 3. Strategic Skills and the Management of Growth 23rd-24th October 1978. Each program will be conducted in English by a senior
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    SHIPPING TIMES
    4797 13 BCHEDTOE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping Une involved, and the estimated dates of arrival and departure from Singapore port. f CtnNriiUH SeanDuteh hat a joist service
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      230 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents: Barber Lines Singapore Pta Ltd Tel: ***** Harrisons A Crosfield Kuala Lumpur Tel: *****/59 Pernas-MISC Penang Tel: ***** SHIPPING I I £2 SANKYO LINEI AUSTRALIA SERVICE P. Kefang Singapore Leading for: PARADISE MOON IN PORT SAILED SYD, MEL, AOEL YUE RIVER 3/4
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      353 13 KIT* SAMUT V 20 KIT! SAMUT 21 KITI SAMUT V 72 i THAI MAIUN€ LME V«w*s- REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK BANGKOK SINGAPORE I 24 Sep MSap lOd 20d 5 Oct 7 od. 10 Od 11 Oct 14 Oct If Oct "Oct 20 Oct BOOKINGS/ENQUIRIES: OCEAN SHIPPING I
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      249 13 ANHSING LINE REGULAR SEMI-CONTAINER/ LINER SERVICE S'poro fMm ANHSING J*** UNION ADEN 5/7 Oct »o<4«N/Hodo*»N UNION YENBO »/310d J*** mmm LOON HSING LOON FAT STRONGWILL ENTERPRISE (PTE) LTD .a toe W« «J£o "h »,oC» 5 *0« »t Mij.m »|fi •> y i BhD P <« 4Si i 1 j M.K
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      15 13 SEA AND WEEKLY SERVICE TO/FROM U.S.A. AND JAPAN FASTER TRANSIT/NEW SH*»S CALL FOR QETAILB *****22
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      857 14 4£Hapag-Uoyd OOQQOOC.'X^XW. FULLY CONTMNEMSED TO EUROPE EXPORTS UNm kM* 26/9 28/9 19/10 21/18 22/10 24/10 Cw4(m lay 3/10 5/10 2C/10 28/10 29/10 1/11 Q>n>tfti>w» 11/10 13/10 1/11 3/U 4/11 (t/U) .Onkafc* 19/10 21/10 U/ll 12/11 13/11 15/11 •mm 27/10 ***** 19/11 21/11 22/11 25/11 Ha*Ka«Eipms 31/10 17/11 I*9/11 20/11 (25/11)
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      Page 14 Advertisements Column 2
      588 14 barber blue sea From: US ATLANTIC US GULF ft EAST CANADA ■n 14/17 ■ot 19/21 Hot N/25 hi 21 Mot 27/21 Hot 38 P Ttntar TolPta| Od 1/2 Ml/11 Ok 2 Hot 25 OkU Jot Otc 7 Hot X OK II Jot Dot II lOk 3 lOK IS lln OK
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      Page 14 Advertisements Column 3
      644 14 p: seaJ/Iland U.S.A./ASIA SERVICE Off nn*WT» CONTAIMER KIM SAILING CTOTf WtPNESOV FW rORTSIN USA. lAMN. KOK/L TIMM. MOM ROM. TXMUM MM PHILIPPINES VESSEL/VOYAGE WORLD LION V 9 WORLD TIGER VlO octs/« <*U WORLD LION VlO oci 12/13 octu WORLD TIGER *11 OCT»/M octu Vessel Arnves/Deoarts SEPT 28/29 CPS. CLOSES 7.00
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      1076 14 I V, v. Vi Everett Lines! Burma Five Stir Shipping Corpn. "BURMESE NATIONAL LINE" LOADING FOR RANGOON tun *pt c Nirr/a ktt B.F.S.S.C. Agents in Malaysia: TEPS MALAYSIA Port Kelang Tel (38) 7355 Penang Tel. *****/***** Compania Argentina De 'ip~\»Aavefacion Intercontinental S. A. C. I. F VkJIT/"ARGENTINE NATIONAL LINE" M—X
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      687 14 I I A A •i« > 5 A > 5 /m > >■ J M I M i > >fl > ,>■ A J h v. I \K I) I M I H Orient Overseas Co+ticmeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) CNCMunnsiM a n NEPTUNE KM. 1W
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      768 15 OCL Overseas Containers^Linirted i n R'dam •»«f» i act Oct race i R'E.CI Australia Straits Container Line NELMWNE IS Oct 24 Oct 31 Oct 10 Ntv 20 Nov 5 Bee M> Ik letonl AfWtJ MNSFiai SKIPPINO PTE. ITI. SINUfWE Tel: *****1. firtferie OearttaO Stippin M Til: 0301, «L Tel: mm
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      952 15 T Ben Ocean 'AfmtaanaafßtoljnßMjiFlwwHJpnljHeandNSklO TO VI/CWTIKVI (tla NOMA hpn r.Maa NMB um» OENMMR IjiM 20/ I act 10 o*s Laiwas. DMaa, AaMart*. Mill, Jeddah RENCRUACHAN 23/25 Oct 11 Na* Laikaat, fclhM. AmMB Hull. Tp H Ml Wtß LAERTES 11/14 Oct JUdak. Aaabi. Port S»«*ar Modeidak. Mm. IVCAM 11/11 Ml 4a
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      Page 15 Advertisements Column 3
      671 15 I BEN LINE CONTAINERS LIMITED UK m* X SS sc n rJ7. V«- 1 I STWE KM UK >***** LL KN UK ***** B£N ASIA CONTAINER SERVICE S port P Mi»t Toko Osaka let* Man AsitN pe casus *i nun i Jet ert NIKKON MAM Ml aw 5« 1 ,11
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      894 15 Scan Dutch V BB EASTBOUND FROM MED/UK/ u s'twt 2) Ntwa ai <m 4) rm st km t) h'm.iim p. K*ian f Spare ■■■an >'« t*M it'M SuM <UM 1/11 1/11 Ml MilIU MM Sailed Sailed SailN Sailed Sailed IS/1* 12/11 IIMAMA tailed Sailed la Pert U/ I I 4/11
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      Page 15 Advertisements Column 5
      407 15 GUTHRIE BOUSTEAD Se G S THE BANK LINE LTD. SINGAPORE *****4 PT K. E LANG *****1 KUALA LUMPUR ***** 1 PENANG ***** 1 WKPOKMT SERVICE FESCO LINES ODESSA OCEAN LINE o CONVENTIONAL SERVICES RISC* FROM EtMtOPE Penan P. Kianf S'nore Bkk Manila MV lllimu Seat 21 Scpl 21 Oct 4
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      757 16 8 K LINE mi«ti ypore P. lUM« Utrrra HTwi Bran* rda* A'.«rp maaiiEinr as#t *s*t «£*S!2!22E!iE K POM. 11V Slct 7let2Slet27let2llct2lletJiiet Sj«l m 1) let 11 tct 2 tor 4ln fHw I Nee I Nat UAL CHIEF IIW 21 Oct 22 let I tor 11 tor 12 tor 13 to
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      738 16 VI U.S.A. lEAST CANADA SERVICE accepting FOAtt containers from ram mbuh. sthe Lm4.« tar: MW TOM. CAMOEN, MIfCU J| Mm* hlnw Support "VISNVA VIUAM" (NRSA Kl) a/1 ftt VI ID E.C./GREAT LAKES SERVICE CALIFORNIA/PACIFIC RORTR WEST SEMICE ANONRA PRAOESN" ••s.o. manipur" PVMH P g||fp| L. ANQI 12/13 act IT/11 <ct
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      799 16 p® NEPTUNE ORIENT UNES LTD •FULLY CONTAINERISED SCIVICSS: S'tm f.wm s ns«ft MS*ft II let a ievalki um as* as* mm fj ETONE PCAIL S let Ikt fl W EICATOR 1) let IS M 11 M 4 Mar SM» MENTAL CHIEF Ikt Bkt 5t HE E iMCMM container a let
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      601 16 M7/7< MAiHrSiA* tNTtmnATKNAL SHAPING CORPORATION BfRHAD EXPRESS FULLY CONTAINERKED SERVICE TO/FROM MEP/UKJCUWIINENT/SCANOINAVIA fmtn UM| Vnui fun 0 "aa-Haa »Mm l»w» 4 Stari FRAaCtSCA UM MTUMMA Ml VM 14/» 10/10 11/11 H. BCLFT «/M 11/W a/« M/W B/tt ruactui mo hunu it/w a/ii a/ta 1/11 i/ii (UMMU 14/11 Ml MM H/1f
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      698 16 INTRASEA (PTE) LTD f imWßi SON/TILL CONTAINER SERVICE Tt EMK S'sora P. MIMC MIH Laa*aac Mr: Nwn mi i w R'daM'Hturt. MARITIME ALL UNCI Mil Oct 5 Oct R dam <M b»f|'Bootsr*. Niuii m act u act a act rean/HiM/A-awaa. NOILS It «U1 1 Mi S'MHWtai.Hiruill**/ ft'OMi/H'torf. -j t Mrtr-T
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