The Business Times, 21 October 1978
1978-10-21
1
12
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The Business Times
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Title Section10 1978-10-21 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, OCTOBER 21,1178 50 CENTS10 words
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BRIEFLY...
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Article63 1978-10-21 1 Reuter WASHINGTON, Fri.—The US Congress will never approve wage and price controls even if President Carter requested them, Senate banking committee chairman William Proxmire said today. "There is now way Congress will pass such controls, short of war, in the foreseeable future, "he said in a statement urgingReuter - 63 words
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Article123 1978-10-21 1 AP BRUSSELS, Fri.—The European Commission predicted today in its 1978-79 economic report that the nine countries of the European Community will enjoy a stepped-up economic growth rate of 3.5 per cent next year and a slight drop in unemployment to 5.6 per cent of theAP - 123 words
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Article39 1978-10-21 1 AP LONDON, Fri—The US dollar plunged on European currency markets today, with sterling moving just above the $2 level. The price of gold moved sharply up in what one London bullion dealer described as incredibly active trading.—AP.AP - 39 words
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Article67 1978-10-21 1 Reuter MANILA,Fri.—The four-nation Asian rice trade fund designed to help developing countries meet shortages and price fluctuations has decided to increase its membership and seek more financial assistance from international institutions. The board said the decision was taken at a closed-door board meeting over the last twoReuter - 67 words
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Article43 1978-10-21 1 AFP TOKYO, Fri—Japan plans to give China preferential treatment in trade, the Jiji Press reported today. Jiji, quoting informed sources, said the idea was to minimise the expected growth of a bilateral trade imbalance between Japan and China in Japan's favour.—AFP.AFP - 43 words
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Article51 1978-10-21 1 Reuter TOKYO,Fri.—Japan has agreed to a US proposal to open negotiations at an early date for revision of their atomic power agreement,under which Japan relies on US uranium enrichment services for its atomic power plants. Government sources said .however ,the date for talks is yet to beReuter - 51 words
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Article44 1978-10-21 1 Reuter TOKYO,Fri.— Mr.Takeshi Sakurada, president of Japan's Federation of Employers' Associations,said he opposes a cut in the Bank of Japan's official discount rate, which is 3.5 per cent at present, "because such a measure will not do any practical good". —Reuter.Reuter - 44 words
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Article59 1978-10-21 1 AP NEW YORK, Fri.—The New York stock market ran into another wave of selling this morning, extending its steep week-long decline. The Dow Jones average of 30 industrials dropped 5.54 to 840.87 in the first half hour. Declines outnumbered advances by about a 6 to 1 spread inAP - 59 words
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Chief Price Changes
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Article127 1978-10-21 1 Rises Most active Tronoh Mines 755 +95 S Darby 262.000 M Banking 575 +25 Kuchai 165 +20 U O Land 194.000 Shell 285 19 M Credit 147.000 Island ft Pen 316 12 Pahang Cons 125.000 Ma lex U IC 320 302 10 +7 Total Turnover :3.32m Apollo127 words
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Article, Illustration146 1978-10-21 1 Rises Most active Hons Kong 1600 -450 S Darby 325,000 Hotel Malaysia 225 69 M Credit 216,000 FE-L'ston 270 15 H Par 186,000 L Perak 280 15 Pahang Con 163,000 O.C.B.C 895 10 Total Turnover: 2.51m Ma lex 330 06 Total Value: M$6.35m Con Pit Wrni t146 words
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Article1557 1978-10-21 1 JOHN TAN - BOOST FOR SHIPBUILDING By JOHN TAN EXCEEDING all expectations, Malaysian Finance Minister Tengku Razaleigh Hamzah yesterday presented to the Dewan Rakyat a package that will ensure a high rate of economic growth in Malaysia for many years to come. At the same time, he1,557 words
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Article142 1978-10-21 1 Reuter JAPANESE Prime Minister Takeo Fukuda said yesterday Japan will take additional measures if necessary to attain its 7 per cent economic growth target for the financial year ending next March. But the target, promised at the Bonn economic summit last July, will beReuter - 142 words
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510 1978-10-21 1 SIVA ARASU - By SIVA ARASU A THREE-MAN Malaysian team of civil aviation officials is now in Singapore to fix a date for the crucial sixth round of air talks between the two countries "over the disparity in the earnings of the respective national carriers."510 words
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Article137 1978-10-21 1 THE inflation rate in the United States slowed to 7 per cent annual rate during the summer and the economy grew at a steady, moderate rate, the Commerce Department said. The third-quarter inflation rate was the smallest of the year and followed a rate of 11 per137 words
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285 1978-10-21 1 APPARENTLY la aa expreaalea ef Its belief Ia the adage that persistence pays, the Stoeh Exehaage of Magapere has aaee again written to brokers aad remisters far a reply ta Its earlier letter which asked far lafermattoa aa whether they had aay dl»eaaatoaa with285 words
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603 1978-10-21 1 THE Kuala Lumpur Stock Exchange has stepped into the Sime Darby audit affair with a sternly worded statement to the company asking for clarification of the situation. It referred to the press conference Mr. Douglas Beaton, a senior partner in Turquand603 words
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Page 1 Advertisements
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Advertisement39 1978-10-21 1 livercff Lines MM THt MOST miQOINT SAIUMCS TO MMCKOK tIOMMOHO JAFAN PUSAM. Kvwlt StMnwMp Corpn. S/A CkMor* i T* n4§l/f M hot" V'W» Pvnona J6 10 J OC«C T« 21 *41 J »or. Un *«.!<■. JOCSMt* CO «MO tk n>r;T-»39 words
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Advertisement15 1978-10-21 1 Samson itc creates OMEGA *31 From the sleek ss m T.n it *&Sarnsonite Eastern Agencies15 words
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Advertisement63 1978-10-21 1 1 ™y T se, P siTm£l^ ,e ENEX-ASIA draws SI experts... j TRENGGANU Dev to sell palm SPOTLIGHT ea the Ascepe ell estate U 3 Kl. u meve late petrscfcemicals 1* RECRUITING top exeeatlves Is WEST Ariaai keep geld CROSSWORD 2.8H1P8 IN PORT EM OP AD J, AIRCRAFT SCHEDULE I,63 words
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Advertisement243 1978-10-21 1 Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. IT TAKES MORE THAN TOP QUALITY SOUND TO CREATE AN EXCEPTIONAL HI-FI STEREORECEIVER. B O BEOMASTERS ARE ALSO CREATED: I 1 BEOMASTERS"™ magic touch controls FM stereo tuner/amplifier Power RMS 2x30 watts (music power 100 watts) RCOMACTCD243 words
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TRADE AND INDUSTRY
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216 1978-10-21 2 THE JAPANESE Chamber of Commerce and Industry in Singapore has decided to donate $100,000 to the Spyros relief fund and for future industrial safety campaigns. This was disclosed yesterday by the executive secretary of the JCCI, Mr Kenji Tokuyama. However, the cheque216 words
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Article117 1978-10-21 2 UPI THE Philippine government is willing to revise its administrative guidelines to facilitate the entry of small and medium Japanese enterprises into the Philippines, Industry Minister Vicente Patemo announced. Mr. Paterno said on Thursday that most of these Japanese companies are transferring to Taiwan andUPI - 117 words
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640 1978-10-21 2 TSANG SAU YIN - By TSANG SAU YIN THREE requirements were identified in the process of developing the energy plan for the Philippines.These were the inevitability of active government involvement, the importance of accelerating exploration and development of indigenuous energy resources and the necessity for private sector640 words
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505 1978-10-21 2 RONNIE LIM - By RONNIE LIM INDONESIA will require US$l7.6 billion (5540.5 billion) in funds to maintain its present levels of crude oil and gas production under the next Five-year Development Plan beginning April,1979, said General Piet Haryono, president-director of Pertamina, in Singapore yesterday. Most of505 words
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Article, Illustration234 1978-10-21 2 PRODUCTIVITY need not be MI 12-ietter wird. British Airways' Siimwre and liliifnii manacer. Mr .David Lm, trudwmH It lata an exciting six-letter ward when he laaaehed the "BE N-I-M-B-L-E" eampaiga la Jane this year. The eampaiga which eaded recently, called far ideas aad suggestions fram the234 words
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Article129 1978-10-21 2 ROOM RATES in hotels in Perak, particularly in Ipoh, have been increased by 20 per cent, effective yesterday, according to the Perak Hoteliers' Association. The association's president, Mr. Lim Tock Hee, said thaj this decision was made by the members at a committee meeting held earlier129 words
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403 1978-10-21 2 Enex Asia parley draws 34 experts A MEETING of 34 professionals in the electrical and electronics fields will begin from Nov 6-10 at the Hyatt Hotel. They are participants of the Enex-Asia '78 Investment and Technical Seminar planned for the exchange of knowledge between experts and industrial leaders in the.403 words
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209 1978-10-21 2 TWO business groups from England will be in Singapore this month. The first from the North West Export Club will promote a wide range of products from chemicals to carpets, baking ovens to baby requirements, paints to packaging materials. The group will be here209 words
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Article129 1978-10-21 2 THE Ministry of Culture will send a 10-member cultural troupe to Sydney, in conjunction with the Asean Trade Fair to be held there from Oct 23 to 28. The troupe will perfom in Australia for a week on an invitation from the Australian Government. Other Asean129 words
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Article, Illustration145 1978-10-21 2 CHEMICAL Bank in Singapore has announced the promotion of three local executives Mr.M.A.Hamed.Mr Patrick Tan and Mr Edward Fu. Mr.Hamd has been promoted to operations manager;Mr.Tu to branchcontroller and Mr.Fa to manager .credit department. Chemical Bank also anI nounced the transfer of Mr .Terence Mackinnon from Chemical145 words
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Article654 1978-10-21 2 A first-hand account of the recent development of China's massive textile industry is carried in the current issue of the Hong kong-published regional business monthly .Textile Asia. The report is given by the magazine's staff writer M.T. Chang who visited China in August as a member654 words
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Article412 1978-10-21 2 COURSES AND TALKS Oct 6-28: The effective executive, SIM, SIM Oct 17-31: Employee training and development, Holiday Inn, P.O.D. Oct 21 and 28: Telephone techniques and courtesies, SIM, SIM Oct 23-24: Communications for effective management, Ming Court, Price Waterhouse Oct 23-27: Work measurement and financial incentive schemes, SIM,412 words
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528 1978-10-21 3 AFP THE opening on Monday of the first (Asean) trade fair in Sydney organised by the Australian government will be used by the Prime Minister, Mr Malcolm Fraser, to make a major speech defending Australia's trading policies. Official sources said yesterday Mr Fraser, atAFP - 528 words
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360 1978-10-21 3 SPRINGING up in Serangoon Road is the first modern retail market that promises to be a vital business centre for retailers. The $20 million Upper Serangoon Shopping Centre, as the building is called, is developed by Hong Huat Development and is scheduled for completion360 words
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Article, Illustration269 1978-10-21 3 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Clara Maersk (after Nedlloyd Fremantle) 3 4. King Pearl 0600 23 Laksana II (after Erena) 27 28. Palm Sea Horse (Tanker) 1700(P O) 16. Rajah Brooke 0600 21. Samoa (shifts after Talisman) Agent's Request 47. Viminale 0530 (shifts after Ever Harmony) 35269 words
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Article113 1978-10-21 3 CHINA, makiag a determlaed effort to moderate* Its agriculture with Imparted tcchaalagy, yesterday epeaed Peking's first International exhibition sf farelga farmiag eqaipmeat. Vice-Premier Yn Chilli epeaed the two-week display, shawlag the wares af 2M campaales from 12 eoaatrtes. The campaales, lacladiag Italy's Plat, Sweden's Valva113 words
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Article, Illustration267 1978-10-21 3 A DEMONSTRATION ef advanced helicopter technology was presented by Aerospatiale of France yesterday when it nnveiled the dual purpose Dauphin 3tl for the first time in Singapore. The single-engined multi-role light combat helicopter is a modified version of the civilian Dauphin 3d, firt developed by Aerospatiale267 words
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506 1978-10-21 3 Reuter THE JAPAN External Trade Organisation (Jetro) said China's foreign trade during the first half of calendar 1978 reached an estimated US$9.l6 billion (Ssl9 billion), exports and imports combined, an increase of 44 per cent over the same period of 1977. ItReuter - 506 words
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515 1978-10-21 3 JOHN LIM - By JOHN LIM THE number of new companies which have registered to operate in Singapore has doubled from an annual average of 1,400 at the turn of the present decade to 2,900 in the last three years. The total number of companies operating here515 words
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Page 2 Advertisements
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Advertisement199 1978-10-21 2 c o^V nia r<:*« 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 exclusive199 words
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Page 3 Advertisements
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Advertisement197 1978-10-21 3 V* M '-v C<-- < r> "s■-■■■'*■* r f «.4i ~l! saw V ys-i > ft ..»r r». A 1 ,r- v ~J ,4 -Z&. XiW*' #1: > gjjjn ~«f >«*. .\S&i 'V._ r..*** i >e ppsw s View of Yihoyuan Summer Palace in winter > fcfAo v^ D^e *0197 words
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Page 3 Miscellaneous
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Miscellaneous656 1978-10-21 3 I TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Walkers not normally seen (6) 7 Discuss excessively? (4, 4) 8 Territory of an Oriental people? (6) 10 Lost garment? (5) 13 Watches going back* wards too (4) 14 Dance thay may get Hal round the bend (4) 15 Breathless Hannah? (4) 16656 words
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RAW MATERIALS
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Article325 1978-10-21 4 THE Singapore market closed quietly steady yesterday with November One RSS buyers quoted at 250.25 cents per kilo, unchanged. The Singapore morning session closed slightly higher with November One RSS buyers quoted at 251.00 cents per kilo. Opening prices were marked up on higher London advices325 words
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Article364 1978-10-21 4 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. 246.50 247.50N 245.50 246.50N Int 1 R.S.S. November 251.25 251.75. 250.25 250.50 Int. 1 R.S.S. December 250.25 254.75 253 25 253.50 Int 2 R.S.S. 242.00 243 00N364 words
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Article95 1978-10-21 4 NOON SSR and SMR prices yesterday: HAS SSR 20 SSR SO (1-ton pallet) (1-ton pallet) (Carnal Mtk) Baytfi Sellers (eeats per kg) 231.50 233.50N 229 50 231.50N (Fsrwmrtf Mtk) Bayers Sellers (eeats per kg) 234.00 236.00N 232.00 234.00N MRELB SMR5CV SMR 5L SMR 5 SMR 10 SMR95 words
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Article70 1978-10-21 4 C IF North European ports, in US dollars per ton unless otherwise stated LONDON: Friday Previous Malaysian SHffa bulk per tonne November unch 605slr December unch 61Sslr Sumatra 5* ffa bulk October 647' 647 /650pds November 630 635pd December 620slr 620pd January SlOslr 607 pd March 600 600pd70 words
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Article30 1978-10-21 4 Rubber: Oct 20 Singapore: No v e m be r :250.25cents(unch) Malaysia November 252.50 cents (up o.2scents) Tin: M$ 1,970 (down $10) Official offering: 225 tonnes(up 23 tonnes)30 words
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Article137 1978-10-21 4 THE sugar market closed about 0.06 US cents higher yesterday in continued quiet and featureless trading, with eight lots traded Daily spot sugar price was steady at 8.65 cents. Sugar futures closing prices: tußig nvvM Claaiag Jan 8.75 85 875 90 Mch 8.99 9.03 893 9C May 9.14137 words
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Article188 1978-10-21 4 YARN and cotton in Hongkong dollars. spot exgodown ntf yara ehiaa Blue pheonix 20's 1.920. 32's 2,680, 40 s 2,830 (per bale of 400 lbs) ptoee gaads efciaa: buttterfly and globe brand unq; dragon head unq five lambs unq; flower and bufferfly unq Hying geese unq (per piece188 words
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Article307 1978-10-21 4 IT WAS another day of dull and featureless trading at the Singapore produce market yesterday. J»rices of most commodities hardly stirred. Trading with the big traditional markets of the West was negligible as inquiries from those quarters invariably bore prices too low to induce sellers. European end-users were307 words
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Article306 1978-10-21 4 ROBUSTA futures yesterday in London ended the opening call steady £2 up to £9 per tonne down after initial losses of around £18 Turnover was 427 lots. Initial declines took Jan down to a low of £1,475 before recovering to end the first call two stg up. March ended306 words
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Article161 1978-10-21 4 TERMINAL cocoa finished the first call £17.50 to £1 per tonne down on Friday in London. Near Dec showed the largest decline but traders attributed this more to an adjustment in differentials than any great pressure to sell. They said with 224 lots crossed, the opening call's traded volume161 words
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Article97 1978-10-21 4 CHICAGO wheat futures reversed small early losses to advance 2-3/4 to 3/4 cents' a bushel at midsessionon Thursday.. Gains came on moderate buying by commercials and locals, with traders noting continued purchases of wheat futures against sales of corn. Commercial and commission house selling caused opening losses. The ongoing97 words
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Article180 1978-10-21 4 BANGKOK rice prices were quoted as follows on Thursday: (In US dollars per tonne FO B. basis Bangkok) WWte rtee: 100 pet Ist class 402. 100 pet 2nd class 387. 100 pet 3rd class 382. 5 pet 377. 10 pet 352, 15 pet 347, 20 pet 342. 25 pet180 words
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Article35 1978-10-21 4 CHICAGO soybean futures plummeted more than 16 cents from their best to close as much as 2-1/2 cents a bushel lower on Thursday. Oil gained 0.04 to 0.05 cents a lb in most months.35 words
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Article284 1978-10-21 4 THE Straits tin price in Penang fell MJIO per picul to |1,9T0 yesterday. Increased tin supplies and easier conditions on the London Metal exchange yesterday prompted the fall, but there was further buying from Japan, the US, Eastem Europe and locally. Turnover rose to 225 tonnes from 202284 words
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Article61 1978-10-21 4 LONDON zinc gained £4.75 for cash and £5 for Threemonths yesterday. This metal followed the general uptrend but there was no improvement in fresh physical demand, dealers said.Threemonths traded up to £363 in the ring after easing to 354 stg at one stage on the pre- market reflecting expectat61 words
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Article55 1978-10-21 4 LONDON lead rose by £4.75 for cash and £4 for Threemonths yesterday. The recent selling appeared to have dried up and values advanced on covering against expectations of a moderate fall in stocks this week and some renewed physical demand from the Continent. Threemonths traded up to £386 per55 words
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Article161 1978-10-21 4 THE London daily raws price was unchanged at £106 and the whites price was down £1 at £113.50 per tonne yesterday. Raw sugar futures on Thursday closed 1.65 stg to 2.65 stg per tonne down and turnover totalled 3936 lots. Dealers said the market eased during the afternoon on161 words
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Article296 1978-10-21 4 Source: THE recent downward reaction has been accentuated this week as prices fell eight cents in volatile trading conditions to eventually lose six cents on balance. Renewed all- round selling at the start, especially of forwards, found buyers reluctant, and as levels dipped further, bull confidence becameSource: - 296 words
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Article209 1978-10-21 4 LONDON copper wirebars finished yesterday morning up £2.5 for cash and £1.5 for Threemonths. The pre market steadied on covering against overnight US business and further gains were scored in the ring where some preweekend covering took Threemonths up to £766 per tonne at the close. Also aiding the209 words
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Article220 1978-10-21 4 LONDON silver yesterday was unchanged to 0.3 pence lower. Prices eased on the kerb in sympathy with the trend of most base metals and Threemonths traded down to 303.3 pence, a fall of 0.6 pence from last ring business. Silver on the LME on Thursday was down mostly 2.1220 words
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Article443 1978-10-21 4 THE kilobar in Singapore opened at 5515.710 yesterday and closed higher at $15,789. The high and low were 5515.817 and 5515,710 respectively. The market was quiet. The London spot gold market opened at U*****.30 .80 and closed significantly higher at U*****.50 00 The high was U*****.10/50 while the low443 words
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MONEY AND EXCHANGE$
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Article441 1978-10-21 4 THE US dollar continued to lose ground on the foreign exchange market yesterday. Opening at 183.50/60 yen, the dollar was quickly traded down to 182.60/70 by lunch time. When London opened in the afternoon it went down further to 182.20/30 .although late evening trading brought it higher to441 words
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Article183 1978-10-21 4 Asian rates ASIAN currency deposit interbank rates as at close on Oct 16: US DolUrt(Spot) Offer Bid 7days 9 3/16 9 1/16 1 month 10 9 T 2 months 913/16 911/16 3 months 10* 10'. 6 months 10. 10'.' 9 months 10 10'. 12 months 10- 10'.• 8*/n. IMIUI Dm.183 words
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Article46 1978-10-21 4 Range of prices offered by discount house* on Oct 20: Overnight—2- 3 1 Call deposits—3 %—3 rissinr Baring Selling 3 month Treasury bills 3'. 3*. 3 month Bank bills 6 3 month CD 73/18 71/16 0 month CD 7'« 7'. Source: National Discount Co Ltd46 words
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Article21 1978-10-21 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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Article126 1978-10-21 4 THE US dollar for overnight delivery closed higher yesterday at 183.75 yen, compared with a 183.30 opening The US dollar steadied in quiet late trading, after moving fractionally, on import- covering by Japanese traders and dollar buying by Japanese banks to meet conversion demand for a 40 billion yen126 words
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Article249 1978-10-21 4 THE dollar yesterday opened sharply lower against most major currencies here in hectic but nervous trading, dealers said. It lost a pfennig against the mark to 1.8265/80, a centime against the Swiss franc to 1.5200/40, and moved down through the two guilder level to 1.9935/65. At the opening, sterling249 words
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Article106 1978-10-21 4 THE dollar on Thursday closed lower against most major currencies in frequently hectic trading as the market worried about reports of possible problems in the Mideast peace talks, dealers said. Such concern overshadowed any optimisim generated early in the morning when the market reacted positively to Swiss bank106 words
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Article154 1978-10-21 4 THE US dollar was quoted little changed yesterday from New York's closing levels in quiet trading, dealers said. It rose to a late 183.30/40 yen from New York's 183.10/ 20 close but was unchanged from its opening here with much book- squaring noted by operators. It eased to 1.8310/20154 words
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Article186 1978-10-21 4 Euro rates LONDON Eurodollar deposit rates opened basically unchanged yesterday despite the rise in US money supply, disclosed overnight and fears that interest rates might rise, dealers said. The rise in money supply had been largely discounted and dealers believed that concern about mounting inflation is more pressing at present186 words
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Article42 1978-10-21 4 Results of tender held on Oct 20 for 91-day Treasury bills to be issued from Oct 23 to 27 Offered: $15,000,000 Applied: 553.500.000 Allotted: $15,000,000 Accepted bids: $99.08 approximately 71'/*; higher bids in full Average rate discount on allotment: pa42 words
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Article62 1978-10-21 4 AUSTRALIA«NZ exchange* quote* on Oct 20: US dlr 1.1723 1 1875 Sterling 0 5897 0 5831 Ninety day air mail buying rate* Sterling O COM US din 1.2088 Ninety day forward buying rate* Sterling 0.5538 US dlr* 1.1714 New Zealand Sterling 0.5389 0 5370 US dlr 10?€62 words
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Article53 1978-10-21 4 ZURICH exchange* closing quote* on Oct 19 Us 1 5300-5330 Stg 3 o*2-0630 Can *****-2960 Dmk 83 3333 5422 Dfl 76 1763-3827 Ffr 36 1702-2669 Bfr 5 2613-3653 Dkr 29 8158-8889 Nkr 30 8904-9603 Skr 35 5649-6470 Ut *****-1880 Aos act) 11 3586-3883 Port 3.4000-4295 Spain *****-1947 Ant 0.17-2753 words
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Article49 1978-10-21 4 FRANKFURT exchanges closing rate* on Thursday: US 1.8385 10 Can 1 5565 75 Stg 3 662 672 Dfl 91.47 57 Sir 119 75 B Ut 2.262 269 Ffr 43 48 SB Nkr 37 20 30 Bfr (coo) 6 335 45 Bfr (fin 15.989 029 Yen 1 0018 3049 words
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Page 4 Advertisements
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Advertisement164 1978-10-21 4 COLLKTINQ Oriental flrrnouEJ ra i f > I Am\o^ FJ Owttfw- ?<> ;v 4 by Judith Moorhouse and Dries Blitz 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 too164 words
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OVERSEAS
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693 1978-10-21 5 Reuter THE large increase in narrowly defined US money supply in the latest statement week is likely to put additional pressure on the Federal Reserve to raise yiterest rates further, New York analysts said. New York Federal Reserve Bank reported M-l rose US3.BReuter - 693 words
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Article352 1978-10-21 5 Reuter THE US Administration has no ceiling in mind for interest rates, US Treasury Assistant Secretary C. Fred Bergsten said in London. He said during a visit here he saw tightening of monetary policy by the Federal Reserve System continuing. With tighter fiscal policy plannedReuter - 352 words
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Article180 1978-10-21 5 AP Reuter PRESIDENT Carter has requested broadcast time next Tuesday to announce his Phase II anti-inflation programmme to Americans. The programme, which administration officials have said will include voluntary guidelines of 5.75 per cent in annual price increases and 7 per cent onAP; Reuter - 180 words
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422 1978-10-21 5 Reuter THE Swiss National Bank will resist any attempt by the foreign exchange market to test the durability of its new intervention policy. Disclosing this bank president Fritz Leutwiler said: "There is no possible Deutschemark exchange rate of below 80 centimes.That is ourReuter - 422 words
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Article101 1978-10-21 5 UPI A US camera firm, sole manufacturer of an exceptionally fast-picture camera, has been fined US$l,OOO (552.100) and denied export privileges by the Commerce Department. The Cordin Co of Salt Lake City was cited for unlawfully exporting its streak and framing cameras to South Korea and deniedUPI - 101 words
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Article583 1978-10-21 5 AP Reuter WEST GERMANY'S Bundesbank on Thursday moved to counter inflationary inflows of'foreign currency by decreeing a 9-per cent increase in minimum reserve requirements for banks on domestic and foreign liabilities. The measure goes into effect on Nov 1. It is expected to absorb 4 billionAP; Reuter - 583 words
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Article569 1978-10-21 5 'No' to depreciation Reuter CURRENCY depreciation as an element of economic policy has been ruled out by both Bank of England governor Gordon Richardson and Chancellor of the Exchequer Dennis Healey. In speeches prepared for delivery to City of London bankers and merchants they pointed out that under floating exchangeReuter - 569 words
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Article, Illustration145 1978-10-21 5 Iraq's Automobile State Eater* prise hat placed aa order far II stx-cyllader Perkins industrial diesel eaglaes with Peterborough Engineering, eae of II Perkins Power Centres which have been established la the UK. The diesel eaglaes will he ased to help develop Iraq's agri- ealtaral ladastry by145 words
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WORLD IN BRIEF
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Article507 1978-10-21 5 Agencies BRITISH Premier James Callaghan said Britain will join the Franco-German Airbus project. He said this at the end of his two day consultations in Bonn with German Chancellor Helmut Schmidt. "I made it clear that we are ready to come in, and I believe itAgencies - 507 words
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Article140 1978-10-21 5 Reuter THE Tokyo Slock Exchange it to tighten margin trading controls on all stocks, effective today, following a sharp rise in the outstanding balance of buying in margin trading. The margin requirements for all stocks, will be raised to 60 per cent without cash requirement from the, presentReuter - 140 words
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Article711 1978-10-21 5 DEPARTURES Service Local Operator Number Time For CAL CI334 0610 HKG/TPE CPA CX720 0740 PEN BKK HKG MAS MH604 0745 KUL (KBRMMAA) (JLGTPENRT) GIA GA981 0600 HLP MAS MH682A 0000 KUL THAI TG402 0605 BKK SIA SQ6 0615 BKK HKG/OSA SLA SQ104 0615 KUL SIA SQ239 0645711 words
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Page 5 Advertisements
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Advertisement57 1978-10-21 5 m.v. "CHIDAMBARAM'" VOY: 103 arrived 1 HtH October, 1978. at P.S.A. Godown Nos. 42/43 General Survey of damaged cargo ex the a hove ves.se! will be held on Wednesday 25th October. 1978. as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. Agents:K. JL57 words
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Advertisement346 1978-10-21 5 The Ll F E Library Of Photography helps you to see mm/ W3S 9 reat picture II i The Life Übrary Of Photography Each volume measures 10 1 x 10'/< Inches (26x26 cm). Hard cover, silver stamped black-cloth binding.24o pages Approximately 300 Illustrations, many In full colour. The following book*346 words
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450 1978-10-21 6 FOR weeks, businessmen have argued and agonised over the Malaysian budget. To them, the massive pump priming that the government has undertaken in past years appeared a danger to the very future of private enterprise in the country. Yesterday, all their efforts bore fruit and450 words
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1052 1978-10-21 6 LEROY POPE - The professional-looking advertisements that appear in local newspaper every so often recruiting top-level executives, belie an emerging and increasingly important service industry. LEROY POPE writes about executive recruiting in the US, and gives some insight into the new breed of managers increasingly evidentUPI - 1,052 words
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Article, Illustration755 1978-10-21 6 CHARLES DICK - By CHARLES DICK Reuter THE FRENCH ear Industry, a nstloasi showpiece as a Job creator, is writlag a saccess story to rival theue la the Halted States aad Japaa. la vigorous health despite seine gloomy prediettoas tor the ear market, it is aReuter - 755 words
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Page 6 Advertisements
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Advertisement215 1978-10-21 6 !;&"_-~\+]&$",@`%;(%<,$<_<)&=_\ jy White M No dinner is comfdete without a White Label Another quality product fn-in Delicious food at Its most glorious awaits you at iJN rautirlrrr A hcu'itv of beautiful food awaits vou at Chanticleer 1 aste the most mouth »aterinq masteipier es of fcuropean cooking. prepared from onlv215 words
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Advertisement25 1978-10-21 6 3W51 T. k L*s v h i EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253625 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-10-21 6 -WEATHERj OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers around midday. Report for 24 hours prior to 7.3t p.m. on Oct 29 at the Airport: Maximum temperature 31.9 C Associated humidity 69 Minimum temperature 24.4 C Associated humidity 100 Hours of sunshine 5.90 Rainfall in millimetres Nil64 words
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Miscellaneous211 1978-10-21 6 SKi SINGAPORE 5 PM Opening announcements followed by Sesame Street* Saturday Matinee The Colossus of Rhodes* It's a Knockout* Sandiwara (repeat) Little House on the Prairie* News in Brief* Play Squash Jonahs Way (repeat)* Felix the Cat* Evolution of Life* News in Malay* Donny and Marie Show* Delvecchio Good Cop*211 words
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Article, Illustration2137 1978-10-21 7 JOHN TAN - GDP EXPECTED TO GROW BY 7.2 PER CENT The Malaysian economy is forecast to grow at about 7J2 per cent in real GDP next year and its growth, according to the Finance Ministry's economic report released yesterday, will be sustained by2,137 words
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Article408 1978-10-21 7 AN ENTERPRISING 70year old Egyptian woman claims ownership of the Cairo business district and half of Alexandria. Mrs. Fatma Mahrouki-Salamou-ni's claim, in fact, has already been supported by a lower court but she is still making her rounds in vain, searching for someone with the authority408 words
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873 1978-10-21 7 LEE M. COHN - FORUM r 1 ...on congress k A By LEE M. COHN Washington Star THAT OLD political hand, Mr. Robert Strauss, is trying to persuade confused Europeans not to take congressional fun and games too seriously. The Europeans are reading dark meanings into the failure ofWashington Star - 873 words
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Page 7 Advertisements
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Advertisement309 1978-10-21 7 SB -J to ro £m--w i* HOTEL MALAYSIA j4O Cuscaden Road. Singapore 9 Tel: *****1 THfc MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus, Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Bench Road, Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road. Singapore309 words
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Advertisement73 1978-10-21 7 ORCHID INN w 214 Dunearn Road, Singapore II Tel: *****2 HOTtL PHOtNIX SINGAPORt Orchard/Somerset Roads. Singapore 9 Tel: *****6 PENINSULA HOTtL Coleman Street, Singapore 6 Tel: *****1 RAKKLtS HOTtL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 Id: *****4 SINGAPURA FORUM HOTtL 585.73 words
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Page 7 Miscellaneous
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Miscellaneous26 1978-10-21 7 BriStoW :fVaj^kDticteG2 uKe PH>itwi»JG (Nes. LOOK «r this fcise i GO? y BUN. J M %3 DO >|0u Su)e«R THIS WBSM'T B€j£N I 1 lis fi?l26 words
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INTERNATIONAL COMPANY NEWS
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Article1326 1978-10-21 8 NEW YORK THE STOCK market's steep descent on Thursday, continued through a fourth day In moderately active trading as Interest rate worries dominated investor concerns. Analysts said a brief morning rally attempt gave way to concerns that the money supply would show a big Jump In the1,326 words
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Article415 1978-10-21 8 THE MARKET rallied after an Initial hesitant opening on Thursday, on the outcome of talks between South Africa and the five Western powers on the South-west African Issue. Dealers noted an earlier fear of a complete breakdown in talks. Golds put on between 50 and 75 cents in the415 words
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Article335 1978-10-21 8 EUROPEAN MARKETS FRANKFURT share prices closed firmer In lively trading on Thursday with the VWD share Index registering a record high 114.22 against Wednesday's 112.86. In autos. Mercedes gained 5.70 marks and In engineering. MAN firmed 6.50 marks In chemicals. BASF advanced two marks. In steels335 words
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Article211 1978-10-21 8 OCT 19 On Aef-Telefunken Akzo Allz Leben Allz Vers BASF Bay H T Wbank BayVbank Buyer BBC BMW Cassella Chem Verw Commerzbank Contl Gumm! Daimler-Benz Degussa liemag Deutsche Bank Dresdner Bank Dt Texaco Dyckerhoff ST A EnkaCHanzs Gelsenberg OHH Hapag-Uoyd Harpener Hoechst Hoesch Hon en Kail Salz Karsladt K.iufhof211 words
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Article283 1978-10-21 8 (XT Frs COKBEILLE Air-Liquid? B S N Or van Danone CS FI Thomson CM) t'K Frmncal* des Petroies ompagnie Flnanclere Compagme Generate 1 redlt Forvcier lip France Hachette (Libralrle) Machines Bull Michelln(B) Parities Pechiney CI fine Kuhlmann Peugeot Philips (NvOem Bezlt) PrlnlempsSA Khone-PoulenceSA Koyal Dutch SueuCle Finan Del Thomson-Brandt283 words
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Article95 1978-10-21 8 OCT 1* Lire Ante Assoc Gen Hustor Cenirale Fiat 5230 2840 ♦3 75 1-400 -2 +140 24 KinsMer lien Immob inm Malrementi Italgas Itaislder M.innrli M Pf Marelll Ere Medlob Miralanza Mtinrtartorl Monte<1sn MolU Bio OtivtOrd 177 84 2650 ***** 785 401 50$ 300 ***** ***** 1788 238 117595 words
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Article91 1978-10-21 8 OCT l« rr* FORWARD 1 MARKE* r Acwc 420 Arb«1 2350 -30 A*tur 806 unch Brascan 479 Bru-Lamb 1570 -10 Canpar 580 -22 Cock 427 -1 De B«rs 212 8 Ebes 2320 -5 Etectrobel MOO unch Gb-lnno-Bm 2485 ♦35 Or* 1326 14 Hobok 2880 -70 Petro 3290 -4 Ryl91 words
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Article224 1978-10-21 8 OCT It n» ABN 364 50 -1.5 Ahold 114 10 -08 Akxo 30 90 -0 2 AMEV 88 50 ♦0 3 Amfas 109 80 -04 Am rot Bank 75 50 -0.1 Bergoss 83 80 -02 Berk 93 70 -0 1 Bote 72 SO 1.5 BorsumlJ 115 50 -41.5 Burhmann224 words
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Article183 1978-10-21 8 OCT 1* Franca Actions Suisses 265 4-3 Alusuisse Br 1020 35 Alusuisse Reg 455 5 Brown Boveri Br 1520 15 Clba Geigj Br 970 30 ClbaOelgy PC 720 29 Clba Gelgy Reg 565 ♦9 Credit Suw Br 2100 20 Credit Suisse Reg 418, 4-4 Elektrowatt Br 177$ George FUcher183 words
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Article182 1978-10-21 8 THE market closed mixed yesterday, with commercial stocks rising and mining and oil Issues falling, dealers said. Turnover fell to 15.85 million pesos from Thursday's 18.38 million. Phllex B. Phil Overseas, CDC P. Meralco. and PLDT rose while Acoje Mining. Atlas. Con B. Benguet Con B. Le panto B.182 words
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Article350 1978-10-21 8 THE market closed weaker for the fifth successive day yesterday. with heaviest losses among mining and industrial leaders, dealers said. BHP fell eight cents to A 58.34. the Bank of NSW four cents to $7.52 and CSR three cents to $3.20 CRA fell eight cents to $3.49. while selected350 words
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Article1871 1978-10-21 8 October 19 CHICAGO Board Options Exchange volume slipped to 163,337 contracts on Tuesday from 173,310 on Wednesday. OPTIONS OCT JAN APL STOCK Alcoa 40 S'.< untrd untrd 48 Alcoa 4 5 4' i 7 48. Alcoa 50 1/16 r. 3 48. Am Exp 30 untrd untrd not1,871 words
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Article539 1978-10-21 8 TOKYO THt market continued to rlae yesterday, centring on largecapital stocks, despite lowering the value of colateral used for buying and selling stock on margin Turnover exceeded ouu million shares for the first time In half a year since March 31 when It was 740 million shares.539 words
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Article383 1978-10-21 8 THE market closed mixed In moderately active trading and the Hang Seng index rose 0.44 point to 644.90. dealers said. Jardlne Matheson and Hongkong Land fell HKIO cents to $17.30. and $11.70 respectively. Hutchinson Whampoa five cents to $6.25 and Wheetock 2.5 cents to >3 375 Swire Pacific was383 words
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Article65 1978-10-21 8 FINANCIAL TIMES INDUSTRIALS Thursday 4964 Wednesday 484.6 Week Ago unav DOW JONES AVERAGE, INDUSTRIALS Thursday 846.41 Wednesday 869.67 Week ago 896.74 LONDON DOLLAR PREMIUM Thursday 80 to 80" Wednesday -77 to 77' H.K.HANG SENG Friday 644 90 Thursday 644 46 Week ago 639 14 SYDNEY INDUSTRIALS Friday 463.3965 words
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1160 1978-10-21 9 CONFIDENT OF TIMES AHEAD N. AMERICAN L A NYT IN 1975, Trans World Airlines (TWA), the third largest airline in the US, faced financial disaster. During one two-week period, it virtually ran out of cash. It avoided bankruptcy only by a last-minute, behind-the-scenes scrambleNYT - 1,160 words
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499 1978-10-21 9 NATIONAL Airlines will disappear if either of two competing carriers gets approval from the US government for a takeover that could cost US$l56 million, according to filings at the Civil Aeronautics Board (CAB). "Jexas International Airlines and Pan American World Airways also said acquisition of499 words
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Article105 1978-10-21 9 Reuter ISUZU Motors Ltd has revised upwards its after-tax profit forecast in the current business year ending this month, to about 13.0 billion yen from a previous 12.4 billion estimate. Sales forecast was also revised upwards to about 560.0 billion yen from 558.0 billion. Isuzu reportedReuter - 105 words
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Article41 1978-10-21 9 Reuter GREEN Island Cement reported an unaudited group net profit of HK524.5 million ($22.6 million), including $3.7 million extraordinary profit, for the seven months ended July 31. Interim dividend 20 cents (same). Books closed Nov 17 to 30. ReuterReuter - 41 words
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Article178 1978-10-21 9 ASIAN L AP CHRYSLER'S Australian subsidiary will be fined between AJ22B million and $4.64 million for breaking government regulations requiring certain amounts of local materials to be used in the cars it manufactures. The exact amount of the fine was not announced, but Industry and CommerceAP - 178 words
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Article110 1978-10-21 9 Reuter JAPAN'S Kyoto Ceramics Incorporated said it has purchased an American special ceramic component manufacturer, the Ceradyne Incorporated of Santa Ana, California, for USI.2 million. The Japanese firm said it hopes to take advantage for the Japanese government's project to develop energysaving compound gas and steam turbines.Reuter - 110 words
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Article, Illustration434 1978-10-21 9 LAST year, British Airways received over £200 million worth of interline sales from other carriers. On the other hand, the airline gave other carriers business totalling considerably more than this. (Sales are passed on to other airlines whenever a carrier does not fly a route434 words
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Article72 1978-10-21 9 BONDS&LOANS Reuter AUSTRALIAN Consolidated Industries Ltd (ACI) said it plans a As4o million debenture offer to existing debenture and shareholders. Rates and terms are: 9.8 per cent seven years, 10.1 per cent 12 years and 10.2 per cent 15 years, all at par (distribution based on demand).Reuter - 72 words
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Article37 1978-10-21 9 Reuter THE 150 million mark Eurobond for the European Coal and Steel Community (ECSC) is expected for 10 years at 5-3/4 per cent, bond market sources said. Lead manager is Deutsche Bank AG. ReuterReuter - 37 words
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Article44 1978-10-21 9 Reuter PEPSICO Inc is planning to redeem its 60 million Swiss franc loan by the end of this year, executive vice-presi-dent for finance and administration Mr. Herman Schaefer said. He said this is because the loan is causing considerable foreign exchange losses. ReuterReuter - 44 words
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Article31 1978-10-21 9 Reuter DEBENTURE bonds of Paper Industries Corp of the Philippines (Picop) was listed yesterday for the first time by the two main stock exchanges of Manila, spokesman said. ReuterReuter - 31 words
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Article83 1978-10-21 9 Reuter THE 70 million Swiss franc convertible bond to be privately placed by Jusco Co Ltd this month will carry a coupon of below 3 per cent, probably 2,875 per cent, Japanese securities sources said. The bond issue contract is likely to be signed in Switzerland byReuter - 83 words
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175 1978-10-21 9 Reuter STRIKING car workers claimed that a four-week stoppage which has crippled Ford's British plants was slowing down the company's production lines in West Europe. Representatives of Ford workers throughout Europe met to pledge solidarity to the British strikers. Mr. Herman Rebham, generalReuter - 175 words
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Article91 1978-10-21 9 Reuter HAWKER Siddeley Group Ltd. reported a pre-tax profit profit of £55.56 million (£45.33 million) in the six months ended June 30. Sales were at £480 million (£94 million) including former aerospace subsidiaries nil (£B3 million). Earnings per share at 12.6p (13.2p). Attributable profit at £24.77Reuter - 91 words
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Article480 1978-10-21 9 f EUROPEAN h A FT I THE CHAIRMAN of William Baird, Mr.Stanley Field, has rejected a request for his resignation from the board of Dawson International. The request comes from DAwson's chairman, Mr. Alan Smith, who feels that there are potential conflicts of interest in Mr.FT - 480 words
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Article405 1978-10-21 9 TATE AND LYLE is negotiating the sale of its remaining major South African investment the 51.6 per cent stake in African Products which it inherited with the takeover of Manbre and Garton in 1976. The British sugar group is proposing to sell its holding to Anglo American405 words
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Page 8 Advertisements
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Advertisement305 1978-10-21 8 For the sports Enthusiast HOW TO PLAY SQUASH In this book, James Medlycott describes how squash is played: the rules, the court it is played on, and the scoring. He advises on the purchase of clothing and equipment, how to choose your racket. Many photographs help to show how the305 words
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Page 9 Advertisements
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Advertisement376 1978-10-21 9 From He r Youth in the Army This book is a collection of case studies and sketches of army boys: of the ordinary foot soldiers, the officer-cadets, and the problem soldiers and soldiers fallen into drug-taking. There is also a succinct discussion of military life of the adjustment or malajustment376 words
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DEALS DONE ON THE SES AND KLSE
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Article1247 1978-10-21 10 BID and offer pnesa ofrtctaltr ttned and businas. in and reported to Uie Stock Eschangc ot Stnnpore yesterday with the number of rfiare. traded shown in bracket* in lou of 1.000 units unless otherwise specified All Time Settlement Contracts are quoted after the word "sett." Big Board deal1,247 words
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Article235 1978-10-21 10 4 3/4% IWN (250.000) (90 958 110 008) ?00 308) /VM <*****0)<100 150 'W* T F 15/C/81-84 (250 000) (102.008) 7 1/4% IS/lt/SC (250.000) (100 758) 7 1/4% 15/4/86 (250.000) (100 758) '•»557 /v 7 l2Mm 7 1/4% 1/5/87 250.000) (100.70B) 1/4% T r is/4/11 (250.000) (100 308235 words
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Article148 1978-10-21 10 SINGAPORE UNIT TRUST (Maaagers' pritta tor Oct tJ) The Commerce 2.30 2 44 The Saving Fund 144 1.53 S pore Prog Fund I K 112xd S pore Sec Fund 193 2 06 S pore Invest Fund 136 1.43 INCOME BOND UNIT (Carnal prices) Income Bond 1.07 1.13 MARA148 words
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Article2480 1978-10-21 10 1978 High J,ow Company Last Sale +orGr'a Div Div Cvr Gr'a Y*ld Nat P/E V Vol <*686> Day Hick Low SECnON ONE INDUSTRIALS 272 238 178 219 275 111 276 326 245 660 132 Acma 123* Alcom 112 Allied Choc 133 BAT 195* Bata 60*4 Ben 1622,480 words
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Article87 1978-10-21 10 STRIKING pricei of the stock options officially listed on the Stock Exchange of Sin fa pore, the periods, bid and offer prices and business done yesterday with the number of options traded shown In brackets Cold Storage (Dec $2.30) (0.458 0.6050 C and C (Dec 54 40) (1.30887 words
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Article1651 1978-10-21 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. INOUSTRIALB Aem« (2MB). Aleem (1.928 1 948) (5) 1 #2 (1) 1.941,651 words
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Article, Illustration723 1978-10-21 10 INVESTORS uri speculators sa the Stock Exehaage of Singapore generally refraised from fresh commitments yesterday for want of laceatives. The tread was easier en all frosts. Aa opeslag attempt to fallow through oa the oversight closing flrmaess petered aat la the light of sellers making723 words
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Article547 1978-10-21 10 SHARE prices retreated across a wide area to a mixed to slightly easier close on the Kuala Lumpur Stock Exchange yesterday. Price movements after a barely steady opening were generally stagnant. Trading activity was slow throughout the day which accounted for a decline in turnover547 words
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COMPANY NEWS
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Article, Illustration564 1978-10-21 11 LOW LEE CHOO - By LOW LEE CHOO AFTER being hit by two years of losses, Mega Chemicals finally managed to stride back into the black by achieving a small profit for the year ended April 30. The group achieved a consolidated pre-tax profit of 168,947564 words
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Article191 1978-10-21 11 BUKIT KATIL RUBBER ESTATES BHD: AGM to be held at No. 22, Jalan Gelanggang, Malacca, at 10.00a.m. on Oct 21. Hatel Merlin Singapore Ltd: EGM to be held at 2nd Floor, Merlin Plaza, 7500 Beach Road, Singapore 7, at 11.15 a.m. on Oct 21. PnbUc Bank Bhd: EOGM191 words
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Article498 1978-10-21 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year B Kalil 5% Sept 29 Oct 11 Oct 21 25% 25%(u) B Katil 10% I Sept 29 Oct 11 Oct 21 10% 25%(v) KLK Deb 1 yr int. Oct 6 Oct 18498 words
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Article224 1978-10-21 11 Company Particulars Ex Date Books Cloae Temerloh Bonus Issue of 1 for 6 Oct 6 Oct 18 MBS Bonus Issue of 1 for 5 Oct 16 Oct 26 Harimau Rights issue of 1 loan stock for 2 ord.shares Oct 17 Oct 24 Rothmans Bonus Issue of 1 for224 words
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Article, Illustration761 1978-10-21 11 MANO SABNANI - By MANO SABNANI TRENGGANU Development and Management Board (TDMB) has once again confounded its shareholders with an announcement of the intended sale of the 3,500-acre (1,400-hectare) Chenderong Oil Palm Estate for a total consideration of $6.6 million cash. The company said it reached agreement761 words
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477 1978-10-21 11 ANTHONY TAN - By ANTHONY TAN BO VIS Southeast Asia has finally replied in the eleventh hour to the Kuala Lumpur Stock Exchange regarding the sale of property by Bovis (S) Pte. Ltd. In his letter, the managing director P. R. Grossey of Bovis (SEA) first477 words
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401 1978-10-21 11 P. GUNASEGARAM - By P. GUNASEGARAM UNITED Engineers' (Malaysia) proposed rights issue of $15 million, 8.5 per cent convertible unsecured loan stock (CULS), announced earlier, is expected to diminish its earnings marginally. This will arise because of a coupon rate of 8.5 per cent attached to401 words
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Article160 1978-10-21 11 ALUMINIUM Company of Malaysia Berhad has informed the Kuala Lumpur Stock Exchange that Akran Aluminium Limited, their principal shareholder, has purchased 450,000 shares of Alcorn from Diethelm Holding Limited. Zurich. This purchase has been approved by the Malaysian government and Alcan's shareholding of Alcom160 words
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357 1978-10-21 11 AN AGREEMENT for aa $8.5 miiliea syndicated laaa has been sigaed to enable the Jehere Stole Eeeaamy Development Carparatiea to acq aire a SS per cent stoke la the eqalty af Yale Catta Ptaatatlsns Berhad, a eampaay with ptaatattaa interests meetly357 words
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237 1978-10-21 11 FEDERAL Cables, Wires and Metal Manufacturing is proposing to make a rights issue of 9.006 million $1 shares at par in the proportion of five for every eight existing shares held. This will raise the company's issued and paid-up capital from $14.41 million to $23.42237 words
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Page 11 Advertisements
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Advertisement198 1978-10-21 11 On TELEVISION Now the BBC's longest and costliest TV dramatisation of a single novel Leo Tolstoy's War and Peace. Now available in a beautiful Penguin gift pack. v 1 K Professor John Kenneth Galbraith presents his views on economics in The Age of Uncertainty. His renown books in Penguins include198 words
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Article, Illustration792 1978-10-21 12 SIVA ARASU - By SIVA ARASU ASEAN acting as a bloc will not only ensure a stable oil supply within the region but also a stronger leverage in overcoming any crisis during the transition into other energy sources. This belief in regional cooperation as the key792 words
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434 1978-10-21 12 RONNIE LIM - B* RONNIE LIM MALAYSIA is currently formulating a national energy policy incorporating conservation of its petroleum resources,diversification into alternative energy forms, as well as intensified offshore exploration. At the same time,the country will also be embarking on various downstream projects including its first LNG plant434 words
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Article136 1978-10-21 12 ALTHOUGH foreign industrial production showed a slight increase during July over previous lacklustre months, it is still too early to cite a definite upward trend. US Commerce Department officials said on Thursday. July production inched up one per cent over June's ad- vance of 0.9136 words
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Article753 1978-10-21 12 LONDON.Fri.— Share prices tended slightly firmer initially in favourable reaction to last night's speech by UK Chancellor of the Exchequer Denis Healey on government economic policy, dealers said. Leading shares were marked up by a penny or two. but initial trading was slow ahead of the gilt market753 words
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284 1978-10-21 12 Reuter WEST German banks appear to be hardening their resistance to the erosion of spreads and extension of maturities for mediumterm Eurocredits. Euromarket bankers said banks in other countries, notably the US and UK, are also reluctant to tighten terms further but the GermanReuter - 284 words
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292 1978-10-21 12 Reuter TAIWAN'S gross national product this year will probably increase about 11 per cent, exceeding the official target of 8.8 per cent and last year's 8.4 per cent, Central Bank governor Yu Kuo-hua said. GNP growth in first-half 1978 was 11 per cent andReuter - 292 words
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863 1978-10-21 12 A POSSIBLE 30 to 40 per cent overall volume increase in West Asian investment in the gold bullion and US gold futures markets compared with last year continues to be a major factor behind gold's present strength, bullion analysts and dealers said in London.863 words
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Article259 1978-10-21 12 Reuter BRITAIN has told visiting US officials it shares their fundamental aim of avoiding an export credit race, but feels guidelines set by an OECD informal agreement have been faithfully observed. Yesterday, the US Assistant Treasury Secretary Fred Bergsten had talks on export credits with UK officialsReuter - 259 words
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Page 12 Advertisements
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Advertisement452 1978-10-21 12 iMfagpy o This Month's New Penguins IHIPffJI The Pumpkin Eater: Penelope Mortimer Humour, poetry and heartbreak run hand-in-hand in ITkSamg IMiroißSi Penelope Mortimer's story of a mother's emotional 3j MMHHI breakdown and her husband's estrangement. The /h Pumpkin Eater with its vision of the strength and ■Mlittfl frailty of woman,452 words
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