The Business Times, 14 October 1978
1978-10-14
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The Business Times
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Title Section11 1978-10-14 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, OCTOBER 14, 1978 50 CENTS11 words
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BRIEFLY...
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Article68 1978-10-14 1 Reuter. LONDON, Frl. Tin prices fell sharply In early London pre-market dealings following trade reports or fresh Senate action in the US aimed towards the release of tin from the US stockpile. Three-month standard metal was traded from £7,350 per tonne down to £7,180 (5532,101 to $31,358) aReuter. - 68 words
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Article58 1978-10-14 1 UPI TOKYO, Fri. Businessmen from Japan and Australia ended a three-day conference m Quia today with an agreement to promote economic ties with Asean members. A joint statement issued after the meeting said both sides recognised the increasing Importance of Asean in the Pacific region and agreed toUPI - 58 words
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Article72 1978-10-14 1 UPI. MANILA, Frl. The Philippines expects a 10 per cent drop in sugar production in crop year *****9 because of storm damage. The government Philippine Sugar Commission statement said the shortfall was estimated by a survey team sent to the sugar-producing areas in the central Philippines. AtUPI. - 72 words
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Article66 1978-10-14 1 AFP LONDON, Frl. The London Stock Exchange authorities today called for the end of government restrictions on dividends. It told the Treasury that a great deal of time was spent by company managements trying to get round curbs on dividend rises, and that this was detrimental toAFP - 66 words
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Article57 1978-10-14 1 Reuter. HONGKONG, Frl. Registered deposit-taking companies here are to be made subject to a minimum ratio of liquid assets to deposits, the government said. Under amendments to the deposit-taking companies ordinance, they will also be required to file detailed monthly returns with the regulatory authorities and to openReuter. - 57 words
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Article65 1978-10-14 1 Reuter. AMSTERDAM, Frl. Five Dutch companies are due to receive a Chinese contract worth "some billions" of guilders for harbour and dredging work, a spokesman for Konlnklljke Bos Kalis Westminister Group NV said. The spokesman confirmed the outline of Dutch press reports on the order, but gave noReuter. - 65 words
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Article63 1978-10-14 1 AP NEW YORK, Frl. Citibank of New York, the second-largest US bank, raised its prime lending rate from 9.75 to 10 per cent today, following the lead set yesterday by Chase Manhattan Bank. The increase is the fourth in little more than a month and the ninthAP - 63 words
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Article44 1978-10-14 1 AP NEW YORK, Fri. The stock market showed little change this morning. The Dow Jones Average of 30 industrlasls was down 0.34 to 896.40 in the first hour. Losers took a slight lead over gainers among New York Stock Exchange-listed issues. APAP - 44 words
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Chief Price Changes
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Article165 1978-10-14 1 Rises Most active D Keramat Supreme Corpn Sthn Kinta Cons plant Wrts out Tganu Dev Tasek Cement Malakoff FAN M Banking 1100 233 700 440 229 144 358 207 565 535 +30 +23 15 14 +8 +8 +6 +6 +5 +5 Sime Darby Haw Par M Credit165 words
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Article, Illustration153 1978-10-14 1 SHARES searched for direction in lethargic trading at the Stock Exchange of Singapore yesterday. Turnover fell to only 3.14 million units worth $7.44 million. The Straits Times Industrial index slipped 0.86 of a point to 374.46 while the volatile Business Times index lost 6.73 points to 1831.27.153 words
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Article939 1978-10-14 1 OPEN LETTER TO SES CHAIRMAN Dear Sir, YOU will be familiar, I am sure, with the letter sent recently to stockbrokers by the general manager of the Stock Exchange of Singapore. The text of that letter is printed here for reference and .for939 words
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Article168 1978-10-14 1 THE Labour Minister, Mr. Ong Pang Boon, has appointed a committee of inquiry to look into the explosion and fire aboard the tanker, Spyros. on Thursday. Senior District Judge, Mr. Michael Khoo. will head the committee. He will be assisted by two assessors Capt. Foo See168 words
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740 1978-10-14 1 RONNIE LIM - By RONNIE LIM THE prospects of Malaysia ever having a fully-In-tegrated aluminium Industry seems slim because It will be uneconomic, given present circumstances, to set up a feeder plant converting the country's bauxite into alumina for the two 'proposed aluminium smelting plants In740 words
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280 1978-10-14 1 SON TIANG KENG - By SON TIANG KENG WEST Germany's stand against protectionism is reassuring SingipJfe. Mr. Lee Kuan Yew said last night. Speaking at a dinner at the Istana in honour of Chancellor Helmut Schmidt, the Prime Minister stressed that Singapore's economic progress is threatened by280 words
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437 1978-10-14 1 THE BOARD of City Development has admitted that utmost confidentiality of its discussion on a proposed tak«over bid of Singapore Finance has not been maintained. This frank admission came after a reprimand from the Stock Exchange of Singapore which stressed that confidentiality437 words
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Article110 1978-10-14 1 AFP. THE American Esso and NFobll Oil companies yesterday signed a production sharing agreement with the Indonesian government to explore and exploit oil resources in central and south Sumatra. The area to be explored covered 19.000 km In southern Riau and Jajnbi provinces. The two companies agreedAFP. - 110 words
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Page 1 Advertisements
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Advertisement12 1978-10-14 1 I:\crctt Lines PO# TH§ MOST PUQUtMT SAHIMtS TO HUMOR WON—m JAPAM rutAN.12 words
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Advertisement94 1978-10-14 1 IftIiMEYOIGME To 9WWEST. Chances are that at Pan-West we have just the right equipment to help improve your game At Pan-West we stock the finest range of top quality golfing equpment Confluence, Honma, Lynx to name a few. Drop in on us and browse around. Take a few practice swings94 words
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Advertisement64 1978-10-14 1 MELCHERS caa do it 2 PEOPLE ia businees 2 SPECIALISED (kin at quarterly intervals 3 CHEMICAL engineers flocking here 3 U.S. money supply declines 5 MEXICO'S vast oil rwmrtm 6 DEADLINE for twitch out of Coaoplaat warraats 11 JOMPH ready for KL debut 11 CROSBWORDS 2. MEMO-PAD 2 AIRCRAFT SCHEDULE64 words
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Advertisement107 1978-10-14 1 MACHINERY VALUERS CAu P K ASIAN APPRAISAL CO PTE LTD Suites 702 7 04 Supreme Hous<> Rd S 9 Catch the super speed special from Oc6 r 3c 1 I oce o° Oce-Hagemeyer has a real special from Holland. After tremendous success in Europe and America, the Oce 1700 is107 words
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TRADE AND INDUSTRY
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620 1978-10-14 2 TSANG SAU YIN - By TSANG SAU YIN C. MELCHERS, a German trading company with a factory in Jurong, has branched out into the manufacture of semi-automatic round can seaming mahines. The first unit rolled off the assembly line last January and plans are to turn out620 words
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Article111 1978-10-14 2 AFP THE Board of Investment(BOI) has given promotional privileges to 12 projects involving a total investment of 932 million baht(Sslo3 million), a 801 spokesman revealed. Noting that the projects would provide employment for 3,646 persons, the spokesman said they required a total registered capital of 315 million bahtAFP - 111 words
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Article389 1978-10-14 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM Oct 19-20: The effective sale office, Hilton, Consulasia Oct 17-31: Employee training and development, Holiday Inn, P.O.D. Oct 19-20: Finance for nonfinancial managers, Ming Court, Price Waterhouse Oct 21 and 28: Telephone techniques and courtesies, SIM, SIM Oct389 words
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161 1978-10-14 2 MANUFACTURERS Hanover Trust Company has announced that it is now selling computerised financial statements of some 4,000 different banks around the world. The comany is America's leading correspondent bank, and has branches in Singapore, Malaysia and the other Asean countries. It annually produces161 words
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Article, Illustration451 1978-10-14 2 BREEDERS «f Angora goats in Australia's island state of Tasmania are producing fine mohair. Leading Tasmanian stnd breeder, Mr lan Roberts, said breeders discovered recently that mohair produced in Tasmania is of Oner texture than that produced elsewhere. "Hie climate in Tasmania is ideal for451 words
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320 1978-10-14 2 URANIUM mining in Australia is unlikely to begin until well into 1979 even if current haggling over aboriginal land-rights is resolved this year. Australian ministers are using strong language in Parliament to give assurance to prospective purchasers while insisting that current contracts320 words
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417 1978-10-14 2 THE 13-member Abu Dhabi trade mission to Singapore have found locally-made goods to be of quality and competitively priced and several million dollars worth of orders may be coming this way. One of these is an initial order for 6,000 tonnes of417 words
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Article186 1978-10-14 2 ONE OF the largest and most advanced floating tin plants of its kind worldwide, built by Hiroshima Dockyard of Mitsubishi Heavy Industries, was delivered to the Tin Mining Corporation of Indonesia last week. The new Bangka No 2 floating factory was towed from Hiroshima, Japan, to Bangka186 words
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Article, Illustration126 1978-10-14 2 THE US Department of Commerce in Washington has appointed Mrs. Lsree P. SUlsway as the new deputy director of the US International Marketing Centre in Singapore. Mrs. Silloway, who replaces MR. Irwin Lloyd, was the marketing manger for Australia, New Zealand and Papua New Guinea in the126 words
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Article113 1978-10-14 2 Reuter. SRI Lanka is to supply 8,700 tonnes of raw rice to Indonesia during early November, marking the country's first export of locally grown and milled rice for 32 years, a Trade Ministry official said. Sri Lanka is now the approaching self sufficiency in rice for its 1.4Reuter. - 113 words
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Article32 1978-10-14 2 AFP THE world crop of exportable coffee will total 56,500,000 bags in the 1978-79 season, against 51,400,000 bags in the previous season, accordind to the US Department of Agriculture. —AFPAFP - 32 words
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221 1978-10-14 2 AFP. TOYOTA Motor Co, Japan's largest motor-vehicle manufacturer, registered a drop in exports but a sharp increase in domestic sales last month against the same period last year. The company yesterday made this announcement and said that it exported 100,578 vehicles inAFP. - 221 words
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Article, Illustration155 1978-10-14 3 HOOVER Ltd, Me of the world's biggest exporters of domestic electrical appliances, is presenting some of its new products to the Singapore market through Enex 18 to be held at the Hyatt Hotel from Nov C to 11. They will include irons, vaecum cleaners, washing machines, and floor155 words
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Article426 1978-10-14 3 PLANS are afoQt to hold specialised fairs at quarterly intervals in the new World Trade Centre, home of the Product Display Centre (PDC) of the Singapore Manufacturers' Association. The SMA secretariate which set up the PDC to be its permanent exhibition centre will426 words
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154 1978-10-14 3 AP. FORD Motor Company is planning to set up a factory in China to produce spare parts .and intial response from Peking is favourable, an independent Hongkong newspaper reported. The Chinese-language Ming Pao said Ford plans to set up the plant in Shumchun,AP. - 154 words
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Article42 1978-10-14 3 THE department of extramural studies of the University of Singapore will conduct a 30-session course on Mandarin for everyday use on Mondays and Wednesdays beginning Nov 1. The lecturer will be Mr. Choo Ping Chyuen and the fee is 565.42 words
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Article37 1978-10-14 3 Reuter TAIWAN exported almost US$66O million(Ssl.s billion) worth of textiles to the US in the first nine months of the year, fulfilling 70 per cent of its permitted quotas, the Taiwan Textile Federation said. —ReuterReuter - 37 words
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178 1978-10-14 3 AP. WORLD cocoa bean production will decline about 5 per cent in the 1978-79 season that began Oct.l but this will not mean higher prices, the US Agriculture Department said. In its first estimate of the new year's crop, the department'a foreign agriculturalAP. - 178 words
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672 1978-10-14 3 ASSOCIATIONS in Asia have co-operated to plan the largest ever conference of process and chemical engineers to be held in Southeast Asia. The conference will be held in conjunction with ChemAsia, an international chemical and process engineering and contracting show to be held at the Hyatt672 words
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252 1978-10-14 3 AP JAPAN, already the biggest foreign buyer of US farm produce, will be rolling its shopping carts across America to see what new supermarket items are available, the US Agriculture Department (USDA) said on Thursday. More than 50 Japanese food importers willAP - 252 words
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Article101 1978-10-14 3 Reuter CHINESE ambassador Chen Hsen-jin on Thursday indicated that China is negotiating with the Philippines for a further 40,000 tonnes of sugar for delivery early next year. "It is not clear yet," Mr. Chen said when asked to confirm details of the reported intention ofReuter - 101 words
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Article57 1978-10-14 3 Reuter. CONTINENTAL Airlines of the United States will begin thrice weekly flights between Taipeh and Los Angeles on Nov 1. An airline source said the airline will use DC-10 jets and offer passenger and limited cargo services. He said the airline enventually plans to extend its service to Hongkong,Reuter. - 57 words
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464 1978-10-14 3 AFP. HONGKONG'S toy industry is producing some remarkable playthings. There are clocks which speak and toy dogs which bark or somersault as commanded and dollie babies which cry or giggle. These things are made possible through the industry's increasing use of electronic components fitted intoAFP. - 464 words
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Page 2 Advertisements
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Advertisement177 1978-10-14 2 COMPUTER SYSTEMS MARKETING AND SIPPORT OPPORTUNITIES ITEL Singapore (Pte) Ltd. was established earlier this year to sell and service its full line of advanced system computers and IBM-compatible peripheral products. Our success to date in Singapore and the Southeast Asian region served by the local offices has been gratifying and177 words
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Advertisement107 1978-10-14 2 FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS PORT CONGESTION BENGHAZI Reference is made to the notice in the press on Tuesday, Ist August, 1978. The Member Lines of the above conferences have reported deterioration in port conditions at Benghazi resulting in Increased delay to107 words
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Page 2 Miscellaneous
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Miscellaneous609 1978-10-14 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 She keeps goal in a bra (6) 7 Sit in place (8) 8 They're fishy and may be sore (4) 10 A game to get over? (6) 11 Understood to be a bad quality (6) 14 Flower girl (3) 16 Marie's dog. that is609 words
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Page 3 Advertisements
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Advertisement468 1978-10-14 3 How can you tell whether your next insurance programme will give you the protection you want? Here are 8 important pointers to get the most out of your insurance. Put insurance in the proper perspective Remember that the purpose of insurance is to indemnify. That is, when something is lost468 words
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RAW MATERIALS
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Article463 1978-10-14 4 THE SINGAPORE rubber market yesterday closed lower with November One RSS buyers quoted at 252.50 cents per kilo, down 3.50 cents from Thursday's close, dealers said. Morning prices were marked up initially but thereafter eased 2.75 cents on buying reserve and stoploss selling, they said. The463 words
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Article368 1978-10-14 4 R A S prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 250.00 251. OON 248.00 249.00N Int. 1 R.S.S. Nov 254.50 255.00. 252.50 253.00 Int. 1 R.S.S. Dec 258.50 259.00 256 50 257.00 Int. 2368 words
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Article97 1978-10-14 4 NOON SSR and SMR prices yesterday RAS Nave (Cure Bayen (aorta SSR 20 (1-ton pallet) 232.00 SSR SO (1-ton pallet) 230.00 atar ■t Mtfc) Seller* per kg) 234.00N 232.OON Di (hr Bay< (eea 234.50 232.50 nri Mtfc) era Sellers ta per kg) 236.50N 234.50N MRELB SMR5CV (1-ton97 words
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Article69 1978-10-14 4 C.I.F North European ports, in US dollars per ton unless otherwise stated. LONDON: Thursday Previous Malaysian 5% ffa bulk per tonne December 595slr 600slr Sumatra 5% ffa bulk October 635slr 635pd November 610/617'. pds 615/617'. pd December 602 1 605pd607'./610pd January 595pd 605pd Feb/March unch 595pd Nigeria 5%69 words
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Article32 1978-10-14 4 Rubber: Oct 13 Singapore: N ovember:2s 2.socenls (down 3.50 cents) Malaysia No vem ber: 257.00.00 (down 4.25 cents) Tin: M$ 1,855 (up $3) Official offering: 205 tonnes (down 33 tonnes)32 words
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Article90 1978-10-14 4 CHICAGO wheat futures ended on Thursday an active session with gains of six to 8-1/2 cents a bushel. The advance began early on good-sized buying by locals and professionals, both of whom increased their activity as the day progressed. Scattered commission house buying also was noted. Some traders believed90 words
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Article367 1978-10-14 4 THE Singapore produce market was lethargic yesterday. Trading was confined to local book squaring accounts There was some interest in coconut oil and copra with enquiries from Mogadishu and Eden, the traditional markets for these commodities. However, the orders are still being negotiated. The pepper market continued on367 words
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Article170 1978-10-14 4 SUGAR futures yesterday closed about 0.10 US cents higher in quiet trading, with 12 lots traded dealers said. The daily spot sugar price rose 0.06 to 9.25 cents. Sugar futures closing prices: Cl—lag Prfvtw Ctwtag Jan 9 65 75 9 45 SO Mch 9 77 82 9 66170 words
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Article307 1978-10-14 4 TERMINAL cocoa in London yesterday finished the first call with on- balance losses of £6 to £2.50 per tonne. Traders said any bearish effects of trade report of a 0.6 per cent decline in West German third-quarter grindings and a lower New York market appeared to be cancelled out307 words
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Article243 1978-10-14 4 LONDON raw sugar futures closed £1.60 to £1 per tonne up and turnover totalled 3,445 lots on Thursday. The market continued to advance during the afternoon aided by a firmer trend in New York and on renewed hopes of a US Senate vote on the domestic sugar Bill. In243 words
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Article177 1978-10-14 4 CHICAGO soybean futures on Thursday closed at new season's highs across the board and jumped above $7 a bushel in the May and July. Prices ended 17 to 12 'j cents a bushel higher, near the top of a range as broad as 32 cents in the spot month.177 words
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Article228 1978-10-14 4 THE Straits tin price in Penan# firmed another (3 per Dicul yesterday to record $1,955 They attributed the continued strength to sustained support from US and locally, coupled with the further rise in the London market. Turnover dropped slightly to 205 tonnes from 238 tonnes with again no228 words
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Article322 1978-10-14 4 ROBUST A futures in London yesterday ended the opening call steady, £21 to £8 per tonne down from Thursday in sales of 240 lots. The biggest loss was in March at £1,463 after trading within a high-low range of £1,465 to £1,459. Untraded Sept was £8 lower. On Thursday322 words
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Article306 1978-10-14 4 EASIER conditions have been the order of the week as stale bull liquidation and overall selling took levels down gradually some six cents in quieter rubber trading. Some steadiness initially on better London advices, which took November 1 R.S.S. to a new peak of306 words
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Article360 1978-10-14 4 COPPER wirebars. on the day, lost £0.5 all round in London on Thursday. Prices (or all metals fell back after the midday break under profit-taking and liquidation following a firmer trend in the US dollar and a subsequent turnround in precious metals, dealers said. Three Months traded down to360 words
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Article92 1978-10-14 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollar* per tonne F. 0.8. k««4« Bangkok) White rtee: 100 pet Ist class 402, 100 pet 2nd class 387, 100 pet 3rd class 362, 5 pet 377, 10 pet 352,15 pet 347, JO pet 342, 25 pet 332. 3592 words
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Article256 1978-10-14 4 THE KILOBAR in Singapore opened at 5515,813 and closed higher at $15,880 yesterday. The high and low of the day were 115,884 and $*****. The tone was active. The London gold fix was U*****.05, down 50 cents from the previous. LONDON gold closed $2 lower at 224.50/224.The metal peaked256 words
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Article63 1978-10-14 4 ZINC on Thursday in London was down £2.5 all round. Prices gave ground after midday as profittaking emerged with Threemonths trading down to £367 on the kerb. The morning market picked up from the previous day's lower levels on modest short covering and fresh buying which took Threemonths up63 words
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Article72 1978-10-14 4 ALUMINIUM in London on Thursday fell by £5 for Threemonths which closed at £596 to 597 per tonne. Sporadic profittaking reversed the trend during the afternoon with Threemonths trading down to £596 on the kerb. The morning premarket was active with trade hedge selling well absorbed by fresh buying72 words
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MONEY AND EXCHANGE$
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Article409 1978-10-14 4 THE US dollar was traded low on foreign exchange markets yesterday with dealers generally cautious and reluctant to take positions. Opening at 186.50/60 against the Japanese yen, the dollar stayed there for most part of the day until London opened. London in early afternoon saw the dollar lower409 words
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Article71 1978-10-14 4 THE US dollar yesterday closed slightly lower against Continental currencies but was relatively stable throughout the day compared with opening levels, dealers said. Business volume was small with trading slow ahead of the weekend, they added. The US unit also finished easier at 186.55/65 yen against its 186.70 close71 words
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Article151 1978-10-14 4 Asian rates ASIAN currency deposl Interbank rates as at cloa on Oct 13: US Dollar*)Spot) Offer Bid "days 9 1/16 8 15/16 1 month 9 9 2 months 9". 9'.' 3 months 915/16 913/16 6 months 10 3/16 101/16 9 months 10' 10 12 months 10'. 10 1 month 3151 words
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Article46 1978-10-14 4 Range of prices offered by discount house* on Oct 13Overnight—3'.% Call deposit*—3 3 Closing Bsyiaj Selliaf 3 month Treasury bills 3'. 3-. 3 month Bank bills 6. Q 3 month CO 7 3/16 7 i/i« 6 month CD 7 7'. Source: National Discount Co Ltd.46 words
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Article21 1978-10-14 4 THE average rate at which Singapore banks are currently prepared to lend to their best customers is 7.25 per cent.21 words
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Article184 1978-10-14 4 THE DOLLAR yesterday opened basically steady in quiet pre-weekend trading which followed on from the similar trend in New York overnight and the Far East yesterday. There were no fresh news and the US currency opened at 1.8726/36 deutsc he marks compared with 1.8710/30 overnight and 1.5375/5400 Swiss francs184 words
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Article360 1978-10-14 4 THE dollar on Thursday closed firmer against opening levels and up from Wednesday's closing levels as well in most cases, in a teAnical reaction to its recent lows, dealers said. They said the US unit began to rally in the morning on profit-taking against other currencies and following360 words
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Article126 1978-10-14 4 THE dollar for overnight delivery closed higher at 186.70 yen, compared with a 186.40 opening and 185.55 at Thursday's close, dealers said. The dollar firmed in light trading as Japanese and foreign banks bought dollars to adjust positions for endweek reasons, and on import covering by Japanese traders and126 words
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Article49 1978-10-14 4 Euro rates LONDON Eurodollar deposits opening quotes yesterday: Dollar weekend 3-3/8, 3-1/4 Mon/Tues, Tues/Wed and call two days 9,8-7/8 Seven days fix and notice 9-1/16,8-15/16 One mth 9-7/8, 9-3/4 Two mths 9-9/16,9-7/16 Three mths 9-15/16,9-13/16 Four mths 10,9-7/8 Five mths 10-1/8 10 Six, nine mths and one year 10-3/1649 words
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Article65 1978-10-14 4 ZURICH exchanges closing quotes on Oct 12: US 1 5420-5440 StB 3 0655-0706 Can 1 2929-3017 D Mk 82 2400-4126 D F1 75 9606-76 0966 F FY 36 1780-2441 B Fr 5 2271-2374 D Kr 29 7310-7840 N Kr 31 0950-1667 S Kr 35 6120-6747 Lit 0 1891 189465 words
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Article44 1978-10-14 4 RESULTS of tender held on Oct 13 for 91-day Treasury Bills to be issued from Oct 16 to Oct 20: Offered: $20,000,000 Applied: 136,000,000 Allotted: $20,000,000 Accepted bids: 199.08 approximately 78% higher bids in full Average rate discount on allotment: 3.645% pa44 words
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Article54 1978-10-14 4 FRANKFURT exchanges closing quotes on Oct 13: US 1 8630 45 Can 1.5755 65 Stg 3 690 70 DFI 91 995 tt.olo S Fr 121 75 122 10 Lit 2.292 302 F Fr 43 75 85 N Kr unav B Fr (con) 6.343 353 B Fr (fin) SSM 99354 words
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Page 4 Advertisements
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Advertisement148 1978-10-14 4 H Total Poker is a book for winners: it's as good as having four aces and another up your sleeve. David Spanier clearly analyses modern play and modern players, with an in-depth examination of the tactics, techniques, bluffs and skills necessary for success at poker. The book gives a brilliant148 words
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OVERSEAS
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260 1978-10-14 5 THE CONFEDERATION of British Industry (CHI) will tight propossls (r«n the Trades (Jaiu Congress that the government should Impose new strict price eeatrals in place of its 5 per eeat pay serin. Oa the evidence of the CBI pay databank, searly SIMM workers have260 words
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984 1978-10-14 5 Reuter. THE large decline in US money 'supply reported on Thursday could provide the money market with some respite from the recent upward trend of interest rates, some money market analysts said. They said the report from the New York Federal Reserve BankReuter. - 984 words
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Article518 1978-10-14 5 SPREADS between US prime rate and underlying money market rates are unlikely to narrow during the current round of rate increases, leading bankers in New York said. Spreads customarily narrow during periods of sharply rising money costs and as a result primes could well rise higher, relative518 words
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Article702 1978-10-14 5 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQI01 0815 KUL MAS MH621 0640 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CAL CI814 1000 HLP CPA CX710 1006 HLP RBA BI323 1025 BWN GIA GA980 1030 HLP702 words
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Article218 1978-10-14 5 THE population of the United States is now growing faster than that of all other industrialised countries and faster than about 20 developing nations including Mexico, according to new world population estimates released by the Private Environmental Fund, The chief cause of the high US growth218 words
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WORLD IN BRIEF
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Article464 1978-10-14 5 Agencies FRENCH gross domestic product growth slowed to 0.3 per cent in real terms seasonally adjusted in the second quarter this year from a 1.8 per cent rise in the first quarter. The French National Statistics Institute gave these details but said that this was an improvementAgencies - 464 words
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Article, Illustration291 1978-10-14 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES KEPPEL WHARVES Bunga Orkid-( after Da Sha Ping A Kola Alam) 33/34 Cang Shan 0800( after Jersey) 29/30. Curaco Maru 0530 hauls (after Catarmarca II) 8/9. Htan Taw Ywa 0600 27/28 Johneverett 1600 25/26. Kanagawa Maru (RO/RO) -(after Tai Ping) 47. King291 words
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Article258 1978-10-14 5 EXTREMELY heavy rains this summer and autumn have wiped out much of the harvest in the Soviet Baltic Republic of Estonia, the official agency Tass said on Thursday. In an unusually frank account, Tass said adverse weather conditions have caused a natural disaster the like of which258 words
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Page 5 Advertisements
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Advertisement235 1978-10-14 5 When this anthology of 36 lively stories from The Asian Wall Street Journal was first published in February, it sold out in a matter of weeks. And no wonder. It's a book the Far Eastern Economic Review called "compulsory reading... a kaleidoscope of the many facets of Asia Now the235 words
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Article572 1978-10-14 6 A STORY reportedly making its rounds in Hongkong has to do with budding young engineers. In that island as many will recall, the ancient practice of weaving textiles and the sewing of apparel is very much Crowned upon now by the progressive elements of society, who572 words
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Article, Illustration1178 1978-10-14 6 ALAN RIDING - By ALAN RIDING NYT POUR years ago an American oil company, AtlanUc-Richfield, leaked news of massive oil reserves in south-east Mexico, but the Mexican government denied the reports, suggesting that the United States was merely trying to intimidate Opec. Almost two yearsNYT - 1,178 words
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Article, Illustration1186 1978-10-14 6 IAN MACKENZIE - By IAN MACKENZIE Reuter THE CHINESE ifflcU described casts (Med by poverty-ctriekea peuuti ud todwiM Lb CUat'i reoMte tar-west Staldug regies befere the eemmi■lst victory la IMS: •one box of wooden matches cost the equivalent of a kilo of wool: an ordinary batteryoperatedReuter - 1,186 words
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Page 6 Advertisements
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Advertisement208 1978-10-14 6 IK LIS ts Sime Darby TERRIFIC! >'so app*Mfinq art I out T \v r h Moonq.v.**, 41 /if 10,1 Mill* A yi§f ,J-J f= v-.-- Delicious food at its most glorious awaits you at SNliantirlrn A bounty of beautiful food awaits you at Chanticleer Taste the most mouth watering masterpieces208 words
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Advertisement18 1978-10-14 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253618 words
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Page 6 Miscellaneous
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Miscellaneous63 1978-10-14 6 OUTLOOK for Singapore from 6 a.m. to noon today: Scattered showers in early morning. Report far 24 hours prior to 7JI p.m. on Oct IS at the airport. Maximum Temperature 30.0 C Associated Humidity 73 Minimum Temperature 23.0 C Associated Humidity 100 Hours of sunshine 1.90 Rainfall in millimetres 42.963 words
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Miscellaneous213 1978-10-14 6 TV&RADTO SINGAPORE 5 PM Opening announcements followed by Sesame Street* Classic Keystone Comedy Capers Saturday Matinee Scanlon Nowhere to Hide* Fish Social Worker* Rugby Special* Sandiwara (repeat) Little House on the Prairie (part 1)* News in Brief* Play Squash Jonah's Way (repeat)* Felix the Cat* Evolution of Life* News in213 words
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Article, Illustration2019 1978-10-14 7 NICHOLAS COLCHESTER, RICHARD LAMBERT - The precedent set on Wall Street is invariably cited as a vague example of what could happen in London By NICHOLAS COLCHESTER, RICHARD LAMBERT FT ON OCTOBER 17 the Council of the Stock Exchange will meet to decide whether and how to defend theFT - 2,019 words
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528 1978-10-14 7 HUBERT HAVE - (FORUMS f 0 D economics L 4 By HUBERT HAVE AFP THE CTVIL war has plunged Lebanon's economy into disastrous difficulties, and the outlook is just as gloomy. But by some miracle, the Lebanese pound is holding its own. At any street cornerAFP - 528 words
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Article477 1978-10-14 7 WAS WORK yesterday worse than usual? Did you lean against the wall only to find paint still wet? Did you go through the day with this knot in your stomach and with the dreadful premonition that everything Just everything was about to go wrong? If you477 words
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Page 7 Advertisements
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Advertisement28 1978-10-14 7 SB New Japanese Restaurant KiKim serving authentic Japanese food Tq )pan Yakki Tempura Shashimi *Sukivaki *ShabuShalxj KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Dunearn Road Singapore 1128 words
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Advertisement89 1978-10-14 7 NKIVirRRI SLSPfVtR Come, listen to the soothing sounds of Tony. Terry and Spencer at the Imperial Bar The most tafced about pop group in the most talked about bar in town The best yet of Country and Western and pop hits of yesteryear Relax and unwind with the special touch89 words
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Advertisement79 1978-10-14 7 HOTfcL ASIA 37 Scotts Road. Singapore 9 Tel: *****8 HOTfcL LQUATORIAL 429 Bukit Timah Road. Singapore 10 Tel: ***** GARDtN HOTtL 14 Balmoral Road. Singapore 10 Tel: *****44 GOODWOOD PARK HOTtL 22 Scotts Road. Singapore 9 Tel. *****1 HOTtL GRAND CLNTRAL 22 Orchard/ Cavenagh Roads, Singapore 9 Tel: *****4 HOLIDAY79 words
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Advertisement75 1978-10-14 7 HOTLL MALAYSIA 40 Cuscaden Road. Singapore 9 Tel: *****1 THfc MANDARIN SINGAPORE 333 Orchard Road. Singapore 9 Tel: *****1 THfc MARCO POLO Tanglin Circus. Singapore 10 Tel: *****1 HOTLL MLRLIN SINGAPORE 7500 Beach Road. Singapore 7 Tel: *****11 MING COURT HOTLL Tanglin Road. Singapore 10 Tel: *****3 HOTLL NLGARA 1575 words
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Advertisement71 1978-10-14 7 ORCHID INN 214 Dunearn Road. Singapore II Tel *****2 HOTtL PHOtNIX SINGAPORt Orchard/Somerset Roads. Singapore 9 lei 37*666 PLNINSULA HOTtL Coleman Street. Singapore 6 Tel: *****1 RAhhLtS HOTtL 1-3 Beach Road. Singapore 7 Tel *****1/***** SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 lei *****4 SINGAPURA hORUM HOTtL 585. Orchard71 words
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Page 7 Miscellaneous
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Miscellaneous32 1978-10-14 7 UnStcW: FtankßicfceDS KiTcMV WOO QGPCK I QOPCKI ft PfceTry Boy Twcjej' TW££.T f^&4.w i r,-N n ,c^ 1?^-/ L3j Fsm STOP LOOKING RT Him AS \F w\e uefie rm ovehi v?£ V32 words
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INTERNATIONAL STOCKS MARKETS
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Article1216 1978-10-14 8 NEW YORK STOCKS fell In moderately active trading on Thursday on profit-taking and nervousness ahead of the weekly money supply report. Analysts said a rise in the prlcpe to 10 per cent from 9-3/4 per cent was no surprise, but came a day sooner than expected when1,216 words
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Article50 1978-10-14 8 FINANCIAL TIMES INDUSTRIALS H.K. HANG SENG Friday 639.14 Thursday 638.65 Week Ago §14 93 DOW JONES AVERAGE INDUSTRIALS Thursday 896.74 SYDNEY INDUSTRIALS Friday 472.90 Wednesday 901.42 Week Ago 876.41 LONDON DOLLAR ALL ORDINARIES PREMIUM Thursday 83 to 81V* Friday 561.65 Wednesday 80 Vt to 81 Week Ago 557.7050 words
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Article626 1978-10-14 8 TOKYO Source: DBS-Daiwa THE market was relatively firm yesterday, centring on mediumsized and medium-priced steel and incentive-backed pharmaceutical Issues. Turnover was heavy with an estimated 350 million shares changing hands. Foreign and corporate investors bought stocks with good business results and a favourable outlook, although mutual fundsSource: DBS-Daiwa - 626 words
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Article346 1978-10-14 8 THE market firmed slightly yesterday. with BH South moving further ahead amid persistent speculation of a takeover move by Peko-Wallsend despite Peko's denial on Thursday, dealers said. BH South rose seven cents to A 51.52 and Peko two cents to $5.96. EZ Industries rose five cents to $3.20. Queensland346 words
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Article111 1978-10-14 8 OCT IS Peso* Acoje Mining .011 -0 0005 Atlas Con A AUas Con B 22 80 -0 2 Bugulo Gold .0145 -0 0005 Benguet Con B 39 50 -1.5 BF Goodrich 27 00 +0 25 CDCP 29 00 4-1 Inco B Landoll Lrpanto B 29 -0 005 Munnduque B111 words
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Article247 1978-10-14 8 SHARE prices closed higher in active trading on Thursday. Banks and real estate Issues led the advance. Closing volume totalled 5.280.697 shares against 4.724.405 shares on Wednesday. OCT 12 C* Abltlbl IBS unch Alcan 42 V. Algoma 28% Bank Mont 25% Bank Nova Scotia 22% 1% Bell Tel 63W247 words
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Article401 1978-10-14 8 GOLD SHARES closed weak on Thursday, reflecting London selling in fairly active trade. Losses ranged to 50 cent* Mining Financials were quiet and occasionally firmer. De Beers fell back to 706 805) after 800 most of the day. was unchanged at 8150. Dealers said the weakness In the gold401 words
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Article382 1978-10-14 8 Source: SHK Sec PRICES improved right through yesterday morning on increased turnover following bullish press comment on hotel business and airport servicing in China along with reports that the Ford Motor Company was negotiating the opening of an assembly plant Just over the border. As prices reached the highSource: SHK Sec - 382 words
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Article225 1978-10-14 8 EUROPEAN MARKETS THE Parts market opened lower and continued to weaken on Thursday. The main reason for the weakening Is continuing concern over the French franc, and nervousness about new bank credit restrictions announced on Thursday afternoon. All sectors weakenad and three stocks. Instltut Merleux (Chemicals). Lafayette (Sotres)225 words
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Article232 1978-10-14 8 OCT IS Frs CORBE1LLE Air-Liqulde BSNOtrvaU Donone CS FiThomsonCsf) tie Francane des Petrole» Compagnie Financier* t'ompagnle Generate Credit Foncler De France Machine* Bull Michelln(B) Parlbas Pechlney CI fine Kuhlmann Peugeot' Prinlemps 8 A Rhone -Poulence 8A Royal Dutch SueWCIe Ftna/i De) Thomson-Brandt Uslnor 375 631 403 139 406.00 414232 words
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Article223 1978-10-14 8 -OCT 12 Dm Arr-Telefunken 86.40 -0.4 Akio 28 70B All* Leben AllzVera 517 50 -2.5 BASF 142 50 -0.5 Bay H T Wbank 314B Bay Vb&nk 357 ♦2.5 Buyer 144 30 ♦0.1 BBC 314 •1 BMW 227 ♦2 Cassella 425 Chem Verw 278 -3 t'ommerzbank 235 50 unch Conn223 words
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Article96 1978-10-14 8 OCT 12 Frs FORWARD MARKET Acec 444 -5 Arbed 2400 -20 Astur 810 10 Br a scan 475 ♦7 Bru-Lamb 1580 10 Canpac 650 +2 Cock 445 -14 De Beers 214 -1 Ebes 2325 ♦5 Klectrobel 6800 unch Gb-Inno-Bm 2450 -35 Gev 1420 unch Hobok 2905 40 Petro 360096 words
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Article193 1978-10-14 8 OCT 12 Francs 4V Actions Suisses 264 un ch Alusuisse Br 985 *2 S Aluxuuse Reg. 450 *7 Brown Bovert Br. 1520 +5 Ciba Gelgy Br 935 1 s (Ifoa CJeigy PC 690 4-1 > ("iba Geigy Reg 554 1 Credit Suisse Br 2135 -s t Twill Suisse Reg193 words
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Article161 1978-10-14 8 OCT 12 Fls ABN Aholrl Akf." AMKV Anil.is Amriil Bunk (66 00 115 60 31.00 86 50 110.00 76 00 -2 -1.4 -0.4 -1.7 -1 -0.5 1 trruoss Berk B..I* Borsumij Burhmann Bvenkorf 73.30 96 30 -1.S -06 Oilve Del ft DeliMIJ 118 60 -0.4" Ennia Fokker i Ford161 words
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Article1743 1978-10-14 8 October 12 1 CHICAGO Board Options Exchange volume expanded to 181,409 contracts on Thursday from 97,934. 0PT10N8 OCT JAN APL STOCK Alcoa 40 12 1/4 12 1/2 UNTRD 521/4 Alcoa 45 11/0 13/4 05/8 521/4 Alcoa SO 21/4 41/0 53/0 521/4 Am Tel M 01/4 UNTRD UNTRD1,743 words
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Page 8 Advertisements
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Advertisement229 1978-10-14 8 The combined effort of many of tiie world's best medical minds Medical and Animal i; mnn 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 awesome229 words
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INTERNATIONAL COMPANY NEWS
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602 1978-10-14 9 Reuter PPG INDUSTRIES posted a third quarter profit of U5545.4 million, or 1.44 cents per share, compared with $40.4 million, or $1.29 a share, in the year-earlier period. While its chemicals business continued to hurt profit, the markets for glass, coatings, resins andReuter - 602 words
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Article112 1978-10-14 9 Reuter QUEBEC'S Ministry of Finance said La Regie des Installations Olympiques, a provincial agency set up to handle Olympic finances, has made a private placement of a US$36O million 10year loan. The ministry said the loan carries interest 1/4 point above the US prime lending rateReuter - 112 words
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Article168 1978-10-14 9 Reuter A FORD Motor Co spokesman denied that the company is holding talks with the Spanish government to raise investments in Spain. "We are not talking with the Spanish government about increased investments at this time," the spokesman said. Asked if the company is considering added investments evenReuter - 168 words
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179 1978-10-14 9 EUROPEAN b 4 Reuter. TESTS ON the Statoil/Phillips group 1/9-3 offshore well in the Norwegian sector of the North Sea revealed 23 million cubic feet of gas and 3,500 barrels of 49 degree API condensate a day through a two centimetre choke, reportedReuter. - 179 words
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Article163 1978-10-14 9 AFP. DUNLOP, the leading tyre manufacturer, has reported a major invention which, the company said, would increase road safety in the event of a blowout or puncture. The invention called "Dunloc" ensures that a tyre remains locked on the wheel following a blowout or puncture. TheAFP. - 163 words
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Article137 1978-10-14 9 AFP, Reuter A NEW air charter firm called Air Europe has been formed in London with capital being supplied by the Japanese companies Marubeni Corporation and c Itoh The new firm will initially have three Boeing 737's for short and medium haul work. The firstAFP,; Reuter - 137 words
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Article62 1978-10-14 9 Reuter GULF OIL Corp said the fire that broke out at its oil refinery at Stigsnaes, Denmark is now under control. However, the fire which broke out at 8.15 EDT which refinery firemen could not control, was followed by an explosion, Gulf said. Danish police say noReuter - 62 words
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Article124 1978-10-14 9 Reuter. THE RISE in Consolidated Gold Fields' (Consgold) profit in the year ended June 30 reflected its construction materials subsidiary, Amey Roadstone's £12.6 million pre- tax profit rise to £30.3 million and the strength of the gold price over the year. Earlier, the company reported pre-Reuter. - 124 words
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Article99 1978-10-14 9 AlfaRomeo hopes to raise output Reuter. THE ITALIAN state owned Alfa-Romeo Spa said it hopes to increase output at its troubled Pomigliano d'Arco Alfasud car plant in southern Italy following a productivity agreement reached with unions. Alfa-Romeo noted that production recently at Alfasud touched 500 cars daily, recovering from aReuter. - 99 words
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177 1978-10-14 9 Reuter TIME INC posted a 32 per cent boost in its third quarter profit, helped by strong gains of the magazine group and increases in advertising and circulation revenue.. The diversified publishing and forest products company said its profit rose to U5525.6 million,Reuter - 177 words
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103 1978-10-14 9 Reuter NISSAN USA said it expects to sell a record 470,000 Datsun cars and trucks during the 1979 model year despite the continuing soft dollar market. Datsun sold 445,000 vehicles in the 1978 model year and 464,000 in the 1977 model year, it said. TheReuter - 103 words
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Article33 1978-10-14 9 VOLKSWAGEN (VW) of America Inc officials asked a Westmoreland County court to limit picketing at its New Stanton assembly plant where nearly 2,000 striking workers have halted operations for the second day.33 words
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444 1978-10-14 9 Reuter THE RCA Corporation posted an 11 per cent increase in its third quarter profit over the comparable period a year ago. RCA said it earned a record US$7O million, or 92 cents a share, compared with $62.9 million, or 82Reuter - 444 words
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Article151 1978-10-14 9 CHEMICAL New York Corporation and Charter New York Corporation have reported third-quarter gains in profit over the same period last year. The two bank holding companies both cited net interest income and higher volume as the major factors behind the increases. Chemical New York, parent of151 words
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Article272 1978-10-14 9 ASIAN L d HANIMEX Corporation, the international photographic and leisure group, suffered a 35.8 per cent slump in earnings, from A 54.68 million to $3 million in the year to June 30, but has raised its dividend from 6.5 cents to 7 cents a share. The272 words
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139 1978-10-14 9 Reuter CATHAY Pacific Airways Ltd said it has confirmed its option for a second Rolls Royce-powered Boeing 747 jet for delivery in May 1960. The managing director Mr. Duncan Bluck also said the delivery of a third 747 has been moved forward. HeReuter - 139 words
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Article92 1978-10-14 9 Reuter A VISITING group from the European Options Exchange is assessing the possibility of quoting options in Hongkong shares on the Amsterdam options market. The acting chairman of the council of the European Options Exchange, Mr. J.G. Muntinga, said the group had met the commissionerReuter - 92 words
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Article99 1978-10-14 9 AFP UNION Carbide Corp. (UCC) of the United States will market the "u-poly-mer" plastics, a polyarylate resin developed by Japan's Unitika Ltd., on the American market under an exclusive licensing agreement. UCC will also begin production of the resin, highly resistant to heat and used chieflyAFP - 99 words
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Article56 1978-10-14 9 Reuter KOBE Steel Ltd said it has won a two billion yen order from the Soviet Mining and Metallurgical Machinery Import Corp v/o Metallurgimport for three ore crushing mills to be delivered by January. 1980. The Soviet corporation may use the crushers for a diamond mine in theReuter - 56 words
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886 1978-10-14 9 N. AMERICAN L U THE NEW merger fever sweeping corporate America may now be turning to electric utilities, a sector of industry where mergers have become increasingly rare in recent years. In one of those rare cases, two electric utilities in Vermont are considering a886 words
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Article107 1978-10-14 9 Reuter MINNESOTA Mining and Manufacturing Company has introduced three new office copiers, one using fibre optics to eliminate many mechanical and optical parts The new copiers are the "vqc" compact copier, the Secretary II Alpha copier and the Secretary II Beta copier. The "vqc"Reuter - 107 words
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217 1978-10-14 9 Reuter INTERNATIONAL! Business Machines Corporation has reported an 18 per cent increase in its third quarter compared to the comparable period a year-ago. IBM, the world's largest manufacturer of computers, reported that its profit rose to a record U*****.9 million, or $5.60 a share,Reuter - 217 words
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145 1978-10-14 9 PLANS by Occidental Petroleum to acquire the Mead paper-making company have run up against the anti-trust division of the Department of Justice. The division has asked a Dayton, Ohio, court to disallow the merger on grounds that it would limit competition in several industrial145 words
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Page 9 Advertisements
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Advertisement158 1978-10-14 9 COLLECTINQ Oriental Antoiej by Judith Moorhouse and Dries Blitz Lid Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by158 words
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DEALS DONE ON THE SES AND KLSE
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Article1213 1978-10-14 10 BID and offer prices officially listed and business In and reported to the Stock ExChange of Singapore yesterday with the number of shares traded shown in bcackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett." Big Board deal1,213 words
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Article120 1978-10-14 10 4 1/2% l/VHQ (250.000) (99.408 99 60S) 4 3/4% 15/0/H0 (250.000) <99 HOB 100 00S) 1.V4/MI (250.000) (100 008 100.208) 5% T F I/5/H3 (250.000) (100 158 100.30S) SV4%TF IVVM-M4 250,000) (102.00S) 7% I/H/H5 250.000) (100.708 100 80S) 7 1/4% 15/4/H0 (250.000) (100 758) 7 1/4% IS/10/8C (250.000)120 words
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Article114 1978-10-14 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore. the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets. CoM Storage (Dec $2.30) (0.438 0.585). C and C (Dec $4.40) (1.168 1.228) (10) 1.22114 words
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Article2442 1978-10-14 10 Gr'i Gr'i Net 1978 La Lit Dhr Dtv Yld P/E Vol Dav Ih Low Company Sale +or- C'TT COM) High Low SECTION ONE INDUSTRIALS 272 132 Ac ma 250 +1 12.(01 1.3 4.8 27.1 1 250 250 238 123* Alcom 234 10.0 2.2 4.2 17.3 178 2192,442 words
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Article158 1978-10-14 10 SINGAPORE UNIT TRUST INCOMEBOND UNIT (Miuim price* for Oct 11 Oct l() (Curraat pi rieaa) The Commerce.... 2 25 2.38 INCOMEBOND 1.10 i.ie The Saving Fund 1.41 ISO S pore Prof Fund 1.09 I.lOxd MARA BUMIPUTRA FUND S pore Security Fund (Maaagara' prioaa far Oct 14) 1 88158 words
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Article1573 1978-10-14 10 filD 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 otherwtse specified. INDUSTRIALS Aema (2 30B). AHtm (1 928 1 968) (1) 1.97 (2)1,573 words
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Article, Illustration626 1978-10-14 10 STOCKS wandered aimlessly around their overnight levels in the absence of fresh developments on the Stock Exchange of Singapore yesterday. On balance, declines led advances 11 to 7 on the industrial board. The market has entered a consolidation phase and is likely to626 words
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529 1978-10-14 10 IN the absence of sustained buying Interest and lack of market leadership, share prices finished on a mixed to slightly easier note on the Kuala Lumpur Stock Exchange yesterday. Following a barely steady opening, trading was sluggish throughout the day. This529 words
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Article108 1978-10-14 10 CARLSBERG Brewery (M) has announced that at a general meeting of members on. Oct 4, it was resolved that the authorised capital of the company be Increased from $15 million of 15 million ordinary shares of $1 each to $50 million by the creation of an additional 35108 words
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COMPANY NEWS
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308 1978-10-14 11 DIFFICULT conditions continued at North Borneo Timbers (NBT) (or the flrat quarter to Aug SI, 19». The quarterly report of the company says that revision of working plans and redeployment of resources (mentioned in the last annual review) are proceeding hut the effect of these308 words
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Article272 1978-10-14 11 SOUTHERN Kiata Cui»Udated(M) BM: AGM to be held at Wisma Bunga Raya, 152, Jalan Ampang, Kuala Lumpur, at 11a.m. on Oct 16 Gllaai Jite aad Textile MlUs(M) BM:AGM to be held at 2-F, Chartered Bank Chambers, Beach Street, Penang, at 11a.m. on Oct 19. CmiMtted Phitttt— Ltd:EOGM to272 words
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Article, Illustration640 1978-10-14 11 ARTHUR NG - IS IT WORTH IT? By ARTHUR NG CONSOLIDATED Plantations warrant holders will be able to exercise their subscription right for the ordinary shares in slightly less than two weeks During the period, which will commence on Oct 23 the date640 words
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Article, Illustration341 1978-10-14 11 AS EXPECTED by chairman Ho Yeow Koon, Keck Seng (Malaysia) suffered a severe earnings setback at the interim stage with total palm oil and palm kernel production adversely hit by the previous year's prolonged drought. After the bumper pre-tax profit of $10.6 million achieved last341 words
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Article588 1978-10-14 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year Prima 6%ITE Sept 22 Sept 29 Oct 12 6%TE 20%(s) Wilkinson 7% I Sept 30 Oct 1 Oct 12 7% 16% Gold CoinI 5% Oct 2 Oct 9 Oct 13 5% 10%588 words
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Article183 1978-10-14 11 Company Particulars Ex Date Books Close Temerloh MBS Harimau Rothroana Carlsberg Rub. Bank Synthetic Resins Faber Merlin Bonus Issue of 1 for 6 Bonus Issue of 1 for S Rights issue of 1 loan stock for 2 ord shares Bonus Issue of 1 for 4 Bonus Issue of183 words
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273 1978-10-14 11 PREMIUM HeMlags, badly kit by adverse mtker, newM a 92 per eeat inp la pre-tax preflt to 8199,999 tor the first-half «f thb year agatet the eerrespeadlag pCrtod last year. The preflt, leae a slightly increased replaatlag expeadltare ef 8247,999, was ahtalaed ea a273 words
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Article26 1978-10-14 11 AN EOGM of members of Johan Tin Dredging Bhd will be held on Friday, Oct 20, 1978 at its registered office in Kuala Lumpur26 words
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Article578 1978-10-14 11 MANO SABNANI - By MANO SABNANI THE Malaysian subsidiaries of Jack Chia-MPH involved in the reconstruction scheme all put up strong earnings performances last year. The biggest moneyspinner by far was Hudson Malaysia Bhd whose main activity is the contract manufacturing of pharmaceuticals, confectionery, perfumery and toiletry products.578 words
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Article76 1978-10-14 11 Khong Keng Kin - Letter to the Editor Khong Keng Kin WE refer U the article beaded "Metal Bex Holders Agree Ts F ft N Deal" which appeared la the Baslaees Times sa Iharsday, Oct It, I*lB. Please be informed that the parent company d Metal Bex Singapore Limited, prior76 words
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Page 11 Advertisements
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Advertisement382 1978-10-14 11 NEW) You 1 BOOKS ABOUT ASIA The Asia Pacific region has always been a focus of world attention, but at the same time, there is a great deal of ignorance about the region as a whole, primarily because of the cultural, political, historical and other differences that exist amongst its382 words
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519 1978-10-14 12 Reuter CHINA could well obtain a maturity of up to 10 years on its first Euromarket borrowlng, which would probably be linked to a specific project and split between an export credit and a Euroloan, Mr Helmut Haeusgen, president of the European Banking Federation saidReuter - 519 words
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Article251 1978-10-14 12 AFP, MALAYSIAN Export Credit Insurance Bhd, a Joint venture between the Malaysian public and private sectors, will be launched on Oct 23 by Deputy Prime Minister Datuk Sri Dr. Mahathir Mohamad. The government holds 50 per cent of the equity in the company, the 36AFP, - 251 words
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Article56 1978-10-14 12 COLOUR television manufacturers and buyers are still playing the "waiting game" despite increasing colour tests carried out daily by TV Malaysia. Sale of sets have come almost to a standstill while one or two firms have not even started to sell although colour transmission will begin in56 words
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754 1978-10-14 12 Agencies JAPAN'S Economic Planning Agency warned the government that a continued fall in the volume of Japanese exports could hamper the country's economic growth. The EPA said in a monthly report that economic expansion had been dampened by a decline In export volume followingAgencies - 754 words
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Article443 1978-10-14 12 AP WEST GERMAN Chancellor Helmut Schmidt and Japanese Prime Minister Takeo Fukuda in a joint statement issued yesterday called for the stabilisation of the key currency in world trade. The statement, prepared in German and Japanese to mark the end of Mr Schmidt's four-day official visit to Japan,AP - 443 words
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Article83 1978-10-14 12 A CONSORTIUM of Japanese firms which conducted a feasibility study on a newsprint mill project in the Philippines has recommended that it be carried out as an Asean complementation project. The newspaper Bulletin Today said yesterday the study described as financially viable a newsprint plant83 words
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Article813 1978-10-14 12 LONDON. Fri. Share and government bond prices today lost ground sharply on concern over the growing challenge to the British government's 5 per cent pay-limit policy and following indications from money markets of higher UK interest rates, dealers said. At 3 p m. the Financial Times index was813 words
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Article289 1978-10-14 12 RECENT changes in the brokerage system in the New York foreign exchange market have increased volume and narrowed spreads. Beginning Sept I, brokers here began offering international names. Previously, banks only dealt with brokers in interbank trading in New York and dealt directly with289 words
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261 1978-10-14 12 THE gold market may be in the late stages of its current bullish cycle, Aron and Co executive vice-president Herbert Coyne said. He told the American Mining Congress that total gold supplies probably will increase three to four million ounces next year if,261 words
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Article220 1978-10-14 12 MOSCOW Narodny Bank yesterday obtained a High Court order for Singapore Ceramics of Hlllvlew Avenue to be wound up on tiie grounds of insolvency. The bank's petition to have the firm wound up because of non-payment of a judgement debt of $780,490 was moved220 words
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Article395 1978-10-14 12 A FORMER legal assistant of Braddell Brothers, S. Santhlran told a district court yesterday that Harry Lee Wee, the firm's sole proprietor, abused and intimidated him into making restitution after his dishonesty was found out. Santhlran said he decided to pay up after Wee threatened395 words
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Article82 1978-10-14 12 UPI PHILIPPINE President Marcos has ordered a government takeover of the country's cooking oil industry in a bid to lower further prices of coconutbased consumer products. The government takeover from some 17 coconut oil manufacturers and re- fineries will be carried out through 500,000 farmers of theUPI - 82 words
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Article, Illustration459 1978-10-14 12 UPI. Reuter. ADMITTING that accelerating Inflation Is worse than the US Administration expected. President Carter's chief Inflation adviser said inflation this year will average about 8 per cent. Speaking before a group of insurance executives in Atlanta, Mr. Robert Strauss said Mr. Carter's forthcoming programmeUPI.; Reuter. - 459 words
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338 1978-10-14 12 PRESIDENT Carter's fivepart energy programme ran into new trouble in Congress on Thursday when a key committee would not allow it to be considered as a single package. The action by the House of Representatives rules committee means President Carter will find it harder to338 words
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Page 12 Advertisements
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Advertisement55 1978-10-14 12 m.v. "VISHVA MAHIMA" VOY: 36 arrived 10th October. 1978. at P.S.A. God own No*. 42/43. General Survey of damaged cargo ex the above vessel will be held on Monday 16th October, 1978. as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Acentric JLMABHOY55 words
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Advertisement245 1978-10-14 12 McCarthy Information Services (UK) We invite the Singapore business community to subscribe to the UK-based McCarthy Information Services at the same price as British subscribers receive these weekly services in the United Kingdom. This has been made possible because the services are air-freighted to Singapore in bulk and distributed by245 words
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