The Business Times, 22 February 1978

Microfilm: NL9611
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, FEBRUARY 22, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon High light
      66 1 AFP. KUWAIT, Tues. Oil producers could raise the price of light oil but freeze that for heavy oil at their next conference, the newspaper A 1 Slassa said here today citing Industry sources. The Idea would be to encourage sales of heavy oil rather than the light varieties.
      AFP.  -  66 words
    • Article
      Lock icon Car makers' merger
      60 1 UPI. LOS ANGELES, Tues. A plan to combine assets to American Motors Corp. and a foreign car maker may be realised In several months. The Los Angeles Times said the foreign company, possibly Peugeot of France or Italy's Flat, would have their vehicles manufactured In American Motors'
      UPI.  -  60 words
    • Article
      Lock icon EEC investment
      65 1 Reuter. BRUSSELS, Tues. Leading Industrialists expect EEC investment as a whole to expand by around 11.6 per cent this year, against 10.3 per cent In 1977, the Commission said today. Investment growth In money terms should accelerate In Belgium, Ireland and Britain. It Is likely to remain unchanged
      Reuter.  -  65 words
    • Article
      Lock icon Help for the ailing
      62 1 Reuter. TOKYO, Tues. The Japanese Cabinet has approved a bill for restructuring industries In chronic recession by helping them scrap surplus production facilities, the Ministry of International Trade and Industry said. The bill provides for the establishment of a special semi-official fund which would guarantee loans
      Reuter.  -  62 words
    • Article
      Lock icon Tokyo city's woes
      77 1 AP. TOKYO,Tues. The city of Tokyo, on the brink Of bankruptcy last week, has been temporarily balled out by the government; but the governor, Ryoklchl Mlnobe says his city's financial woes will not go away. The central government has given Tokyo permission to sell US$23O million worth
      AP.  -  77 words
    • Article
      Lock icon Dollar rebounds
      53 1 AP. LONDON,Tues. The US dollar rebounded on world money markets today after falling to record lows against five major currencies yesterday. By late morning, It showed modest gains but trading remained cautious. However, gold prices slipped back after chalking up big gains in reaction to the run on
      AP.  -  53 words
    • Article
      Lock icon Oil for sugar
      60 1 Reuter. MANILA, Tues. China and the Philippines today reached agreement, In principle, on a multimillion dollar commodities exchange programme for 1978, the Trade Department said. Under the agreement, China will supply one million tonnes of crude oil worth about US$79 million (SslB3 million) at special prices, and
      Reuter.  -  60 words
    • Article
      Lock icon Dow Jones
      84 1 UPI NEW YORK, Tues. Stocks turned lower during the first hour of trading today on the New York Stock Exchange. Trading was active. The Commerce Department's report of a slowdown in the economy's erowth rate in the final 1977 quarter. The plight of the dollar and' the coal
      UPI  -  84 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      122 1 Falls Most active Peuling 580 -20 API 307,000 Supreme Corpn G Ceramic* 280 224 -12 -9 Pahang Cons Haw Par 148,000 133,000 Olympia 189 -7 F. Merlin 88.000 A polio Dutch B«by OCBC 183 131 580 -7 -6 -5 Total Turnover: 1.85 m Total Value: $2.89 m
      122 words
    • Article, Illustration
      In Kuala Lumpur
      172 1 Fol If Most active O. Ceramics Pacific Dev M Tobacco Olympla Rept. Olympic Wearnes Kamuntlng C. Sugars K Kampor Sime Darby Tractors S pore Land M. Rice S.M. Ind B. Raya YeoHS(M) Oentlng Essoora Tan Chong 2.26 2.63 6.00 1.93 1.93 2.28 2.30 2.62 9.92 3.38 3.54
      172 words
  • Article
    Credit matching a boon to yards
    962 1  -  ECICS URGES COOPERATION By TERESA LIM SINGAPORE shipyards must learn the value of cooperation with the Export Credit Insurance Corporation of Singapore (ECICS) If they, hope to gain export credit on terms that will make them competitive with other shipbuilding countries. "Now that ECICS
    962 words
  • Article
    Shippers seek FASC help against hike
    673 1  -  »y GOH ENG KEI THE Singapore National Shippers' Council wants the Federation of Asean Shippers' Councils (FASC) to draw the attention of Asean governments to the general freight rate Increases imposed unilaterally by shipping conferences plying the Straits/US route. It will also propose to
    673 words
  • Article
    Hughes' latest plan
    377 1  -  •y SIVA ARASU THE SINGAPORE subsidiary of Hughes Tool the world's largest manufacturer of oil and gas drilling bit plans to Invest a substantial amount In 1980 to manufacture rock bit for the offshore and onshore oil industry. The rock bit. attached to the end of a
    377 words
  • Article
    Merchant bank to be wholly owned by parent
    320 1 A JOINT venture Singapore merchant bank, Morgan Guaranty and Partners Ltd, (MGP), will shortly become wholly owned by ita parent, Morgan Guaranty International Finance Corporation (MG'FC) which is a subsidiary of Morgan Guaranty Tryst Company of New York. MGP yesterday announced that
    320 words
  • Article
    Supreme challenges KLSE right to reveal
    589 1  -  •y ARTHUR NG THE directors of Supreme Corporation have challenged the right of the Kuala Lumpur Stock Exchange to reveal publicly their relationship with the vendors of Johore Oil Palm Plantation (JOPP). In a hardhitting reply to the Exchange, the directors demand to know
    589 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      30 1 whatever you need in menswear, get it at... MOHAN'S DEPT. STORE (PTE.) LTD. 321 Orchard Road *****22 (naxt to Mandarin Hotel) Branch: Wtlanglin Shopping Cantra 1M *****40 Daily :9am-9 pm
      30 words
    • Advertisement
      Page 1 Advertisements Column 2
      96 1 Trust Sony for your video TIAAIIc With customary vision and foresight Sony pioneered video equipment. Today, Sony is one Of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components.' DXC-1200P (Colour video camera) ideal
      96 words
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      Page 1 Advertisements Column 3
      61 1 SEE PAGE 6 association for ONE ineoraaee woriitkn for CASE for higher tin price 7 Malayaia 2 LETTER to the Editor 7 MAXIMISING resources of ESTATE reraluatiaa will booet SBotBMWC '«it t S^SrGVr 9 *To«.i.r. CROSB WORDS X, AIRCRAFT SCHEDULE WEATHER t, TV RADIO t. STRAWS IN THE WIND 7.
      61 words
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      Page 1 Advertisements Column 4
      201 1 .(+~?{{!`:,*=:[~^/^"\,_>!(*|+}% Overt' Electric Typewriter Editor 4C The Olivetti Editor AC It has an automatic lock, electric typewriter. That's The keyboard locks autowhat caused the stir. matically when two keys are Consider its many fine struck at the same time. It points and you will under- draws your attention to the
      201 words
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Taiwanese January trade up
      338 2 U.S. IS TOP BUYER AFP. TAIWAN'S International trade hit US$l.5B billion (553.68 billion) In January, an increase of 29.3 per cent over the same month a year ago, according to customs statistics. Exports amounted to $801.2 million, an increase of 27.5 per cent, and imports were
      AFP.  -  338 words
    • Article
      Lock icon MOVE FOR ONE KL INSURANCE ASSOCIATION
      296 2 AFP. MOVES are being made in Malaysia to form a single Insurance association whose membership will be mandatory for all general insurers. Deputy Finance Minister Senator Rafldah Aziz announced yesterday. She said the new association would have the necessary enforcement powers over its members
      AFP.  -  296 words
    • Article
      Lock icon Meeting on deadlock
      73 2 UPI. NEW ZEALAND Foreign Minister Brian Talboys and former Japanese Agriculture Minister Zenko Suzuki held the first of several planned meetings in Wellington yesterday to try to break the deadlock over Japanese fishing boats banned from New Zealand's 370 km economic rone from April New Zealand wants
      UPI.  -  73 words
    • Article
      Experts to speak on oil prospects of China
      225 2 PETROLEUM News Southeast Asia will sponsor a panel on the offshore oil development prospects of China on Feb 23 at the Hyatt Convention Centre. The panel will comprise several experts In the field: Mr. Jan Otaf-Willums, a world-renowned petroleum geologist who has
      225 words
    • Article, Illustration
      Computer for SGS-ATES
      97 2 BGB-ATES, a IwiHu manufacturer of semiconductor* in Singapore has signed a contract for the purchase of a Unlvac 90/30 computer system. The computer will ho used in the control of SGS-ATES' production and later will bo directly linked to Its Malaysian factory. Been signing the contract an
      97 words
    • Article
      Nugan Hand with that extra touch
      331 2 NUGAN HAND has apparently found a nice little niche which It claims has hitherto remained unfilled. It Is the personal touch In providing business advisory service. Its service is tailored for that special breed of businessman who Insists on dealing on a man-to-man basis.
      331 words
    • Article
      Pay Line unveils sales boost strategy
      244 2 PAY LINE, a Urge American company specialising in the manufacture of machines for the industrial, construction and mining sectors, has developed a marketing plan for Increasing sales by 30 per cent In the Asla-Paclflc region. Disclosing this at the company's first manu-facture-distributor conference In
      244 words
  • OVERSEAS
    • Article
      Lock icon Time ripe for Europa to make its debut
      495 2 Reuter. THE EEC needs to move now towards European monetary union by creating a common currency, the Europa. alongside national currencies, according to the Italian central banker who devised the project. "Monetary conditions for the introduction of the Europa have never been
      Reuter.  -  495 words
    • Article
      Lock icon Labour tones down criticism of Carter
      278 2 UPI LABOUR unions on Monday toned down their criticism of President Carter's economic and tax programmes assailing a cut In business taxes, but supporting the administration on such items as limiting deductions for the so-called three-martini business lunch. The executive council of the American
      UPI  -  278 words
    • Article
      Lock icon Pemex of Mexico taps Euromart for $2.3b
      186 2 Reuter. A US$BOO million to $1 billion (551.85 to $2.32 billion) Eurocredlt for the state-owned Petroleos Mexlcanos is due to be syndicated with a 10-year maturity and 1* per cent over London interbank offered rates. Banking sources said the terms, confirm that Mexico
      Reuter.  -  186 words
    • Article
      Starting a library?
      50 2 THE Department of Extramural studies. University of Singapore, will hold an elght-Ifectu're course on organisation of small libraries at Toa Payoh Branch Library from Feb 24. The fee for the course is $35. Application forms and further information may be obtained from the department at tel: *****8.
      50 words
    • Article
      Lock icon Interest rates in US are heading higher
      718 2 NYT. MONEY market economists and investment analysts agree that interest rates will rise throughout this year. The gaping federal budget deficit and worsening Inflation will see to this, they said. This forecast has thickened the clouds of gloom overhanging the fixed-income side of
      NYT.  -  718 words
    • WORLD IN BRIEF
      • Article
        Lock icon BANK FRAUD SQUAD
        384 2 Agencies. THE OFFICE of the US Comptroller of the Currency has organised a new fraud squad to detect and Investigate suspected cases of bank fraud throughout the country. The new fraud detection unit was mentioned in a speech on Monday by Comptroller John Helmann to Texan bankers
        Agencies.  -  384 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      172 2 r MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 1 r ASM RESEARCH BULLETIN This unique publication offer* businessmen each month a comprehensive guide tp the latest developments that hove taken place in oil important sectors of the economies of countries in East and Southeast Asia. The
      172 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      663 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Positively peevish (3) 8 Rugby team with a wing <5) 10 It's notedly charming (5) 11 A rapist s punishment? (3) 12 The snug little room Is for him (5) 13 Wanted to be a teacher. Indeed! (7) IS It's largely used for spoon
      663 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      250 3 Mm DIESEL POWER FOR ASEAN •4 t» at <• *a» fx* ISffj 1? «*5 »r^i R?®^i i Itte^J&Sl M \A/1 WBPrfl industri Biggest Fa kvl» '4 y& u3k*M Si iis'VS JU depot outside Germany ~V •-WiU-% k &~^ssirs£2® in > '> «i wi* T >i- V*-* >7 -15» ''If .3;.
      250 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      357 4 THE market In Singapore yesterday closed higher with March One RSS buyers quoted at 203.00 cents per kilo, up one and a half cents from Friday's close. Opening prices rose higher on short-covering Interest, speculative buying and some physical covering demand for March shipment. The
      357 words
    • Article
      RAS PRICES
      300 4 Prices in cent* per kilo yesterday: 1 Noon [per kilo) (p«Ulo) Buyers 202.00 202 00 202 SO 107.75 100.75 104.75 103.75 101.75 100.75 100.75 116.79 Sellers Buyers Sellers Int. 1 R.S.8. prompt f.o.b. Int. 1 R 8 8 March Int. 1 R.8.8. April Int.2R.88. UK/Cont. Int. 3 R.8.8.
      300 words
    • Article
      SSR AND SMR
      95 4 NOON 3SR and SMR price* jreitenlay March April RAS (Cumat Mtk) (Forward Mtk) Buy* m Sallert Buyer* Sailer* •U par k|l (eeati i par S8R20 (l—ton pallet) 183.00 19S.00N 194.00 166.00N S8R SO MWI (1-ton pallet) 191.00 193.00N 192.00 194.00N SMR 5 CV (1—tori pallet) 213.SO 21S
      95 words
    • Article
      Closing prices
      28 4 Rubber: Jam 21: 8 inn pore: March 2S3.ee caaU («p I.M caste) Malaysia: March 20C.SS eaate (up S.7S caste) Tin: SI.C7S (diwa U) Official afterla«: fm-
      28 words
    • Article
      Rice
      205 4 BANGKOK rice prices were quoted as follows yesterday: !US dollars per tonne (ob basts Bangkok Whit* Rice: 100 pet 1 St class 402. 100 pet 2 nd class 387. 100 pet 3 rd class 382. 5 pet 373. 10 pet 365. IS pet 362. 20 pet 357. 25 pet
      205 words
    • Article
      Produce exchange
      309 4 TRADING at the Singapore produce market yesterday was quiet and steady. Dealers said that differences In price Ideas were the main reason for the lack of business transacted. This situation was particularly notable in the coconut oil sector. Although there continued to be Inquiries by Western countries for
      309 words
    • Article
      Coffee
      381 4 ROBUSTA futures In London yesterday opened £9 lower to £32 per tonne higher compared with Monday's close. Sales totalled 238 lots and the official tone was "about steady." Biggest gains were recorded in untraded forward months while near months were mostly £9 up to £10 down. Dealers said values
      381 words
    • Article
      Palm oil
      68 4 C.I.F US dollar per ton. LONDON: UMJmytl* 5% ffa bulk April Meadajr $17 Mr 493 sir Sumatra 5% ffa ht March •10 air MA pd 600 sir/MO pd 500 sir iff MO sir 5Mslr/MJ*pd 500 Sir 547 M sir June unch 517.Mpd Jum/Juiy 525 sir 530 sir vinq
      68 words
    • Article
      Sugar
      240 4 TERMINAL opened very steady in London yesterday with values £1.40 to £0.65 per tonne higher. Turnover totalled 220 lots. Dealers said the market rallied quiet sharply at the opening on trade buying and short-covering. The rise was attributed to overnight news from JUo that Brazil has withdrawn as seller
      240 words
    • Article
      Cocoa
      91 4 TERMINAL values at the end of yesterday morning In London were £4 higher to £2 per tonne lover and turnover totalled 884 lots The market moved Irregularly in rather thin dealings throughout the morning while dealers awaited the post-holiday opening In New York. On Monday, futures closed £1 higher
      91 words
    • Article
      Hongkong comex
      378 4 THE sugar market firmed slightly at the closing call on commission house buying following London's firmer opening. Total turnover fell to seven lots. All traded In the closing call during which May rose U80.12 cents and October 0.02. No other months were traded. Open positions were unchanged at
      378 words
    • Article
      Straits tin
      212 4 THE Btraits tin price In Penang dropped Msll per plcul to $1,670. Turnover rose to 301 tonnes from 215 last Saturday with no rationing reported. Values were marked lower reflecting larger supplies of tin concentrates accumulated by miners during the long weekend. »< n LONDON yesterday, tin advanced
      212 words
    • Article
      Copper
      196 4 COPPER wlrebars in London yesterday gained mostly C 5 per tonne. Dealers attributed the steadier tone to an easier trend in sterling against the US dollar and a modest rally In lead and sine after Monday's sell-off. Selling pressure appeared to have abated and modest bU ted B ,lft
      196 words
    • Article
      Silver
      100 4 SILVER finished 0.1 pence per troy ounce higher to 0.1 pence lower In London yesterday. Values edged higher in the early pre-market reflecting the easier trend In sterllnß dealers said. But lower gold subsequently prompted light prom-taking and prl:es fell About half the ring tur- nover of 32 lots
      100 words
    • Article
      Gold
      203 4 THE kllobar in Singapore opened at 5513,853 and closed at $13,640. In the London market, the metal opened at US$lB2.OO/ 182.50. It turned easier throughout the day and closed at $182.10/ 182.30. The London morning fix was US$lBl.4O, down 85 cents from the previous. Source: Singmai Retail prices per
      203 words
    • Article
      Lead
      108 4 LEAD In London yesterday showed gains of mostly £6 per tonne. The movement was considered to be largely a natural reaction after Monday's sell-off, with dealers noting reduced selling pressure. The movement was also aided by covering against heavy West German demand, trade sources said. Turnover was 3,250 tonnes.
      108 words
    • Article
      Zinc
      132 4 ZINC in London yesterday was around £6.75 per tonne higher all round. The steadier tone in copper and lead coupled with a drying up of Monday's selling pressure touched off the movement, dealers said. Covering against further West German demand and renewed heavy borrowing of cash by an influential
      132 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        503 4 THE US dollar continued Its downward slide yesterday, particularly when the London market opened, and the weakness of the dollar resulted in some Interest in short term ACU funds, in anticipation of higher rates in the near future. ACU rates, however, remained fairly steady although dealers reported a
        503 words
      • Article
        Minimum lending rates
        50 4 ACBC nmckiMg. Alfiinif Btu 7 Baagkak Baak 7 BukrfAMriet 7 Buk W Ckiat 7 Baak af Takya 7 Buk Nwn U <»■■■!■ yu CWkj-k T* H8BC 7 l«<»w 7% Malapaa ImUh 7 Mitaui Beak 7 OC»C OUB T Ckartarad Bank 71* UCB 7H VUBC 7 T*4 DOB
        50 words
      • Article
        Asian $ rates
        125 4 Asian rates ASIAN currc ntai uitek ney (topoalt lnwrbtn ■ton foil WNta Oft> 7<l*y» ...1 •IS/16 1 mtfc ...71/16 11/1* 2 trilhj 71/4 7 1/1 imUu 77/U 7 5/11 mUu 7 11/1* 711/16 8 mllu 7 1V16 711/16 12 mllii 77/1 Bm.rn. (MMtof Dw. 1 nth ....1/1* 11/16 Sntlu s/ie
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      • Article
        Discount
        47 4 RANGE of prices offered by oiacou houses on Feb 21: Oernlcm K 3*.% Call deposit 3Mt. hull 3-Montn Treasury Ml 3-Month Bank Mils 3-Month CD •'Month CD lis JVM 4 7/1 91/16 57/H 3 1/1« 4 3/4 4 14/1# 5 vn« Source: National Discount Co Ltd.
        47 words
      • Article
        Euro $ rates
        132 4 Euro rates EURODOLLAR deposit* in London yesterday held steady in quiet trading. Overnight met some interest with business done in the middle of quoted ranges while week fix was unchanged at 7, 6% per cent. Thurs/Prl resumed its usual level at 20. 19% per cent after the recent technical adjustments
        132 words
      • Article
        London
        436 4 THE dollar pared an early advance against major currencies In moderately active trade. What appeared to be aggressive intervention by the Bank of Japan in Tokyo, resulting in a 238.80 close there against 236.40/70 in London overnight, and news a major US Independent producer has reached a tentative agreement
        436 words
      • Article
        Tokyo
        135 4 THE US dollar for overnight delivery closed at 238.80 yen against 237.40 at the opening and 239.50 at Monday's close, following Bank of Japan Intervention. The central bank began to buy dollars after the US currency fell to 237.00, and then raised Intervention points by stages as the -market
        135 words
      • Article
        Hongkong
        42 4 BANKNOTE rata quoted on fi ft) 21 1)8 411-410 UK 100-0 00 Burma 1.10-1.10 India 4.00-5 10 Indonesia 1 00-1.00 Japan 1 92-1 01 Koraa«.03-«.0e Philippine* 0.30-4.01 Singapore 1.07-1.00 Ma&ma 1 045-1 005 Brunei 1.00-1.00 Thailand 23 *0-2310 Taiwan 11.00-11 00
        42 words
      • Article
        Australia/NZ
        57 4 AU8TRALIA/NZ ex chances quotes on Feb 21: AU8TRALIA; US dollar 1 1431/1 1383 SterUnc 0 MM/0 M02 Ninety-day air mall buytnc rata 8t*rllnc 0.N1I US doUari 1.1731 Ninety-day forward buying rata*: Stertlnc Q.MM US doUan l 13B3 NEW ZEALAND: SterUnc 0 ST75/0 »47 USdoUar 1 0815/1 0B35 Ninety-day airmail
        57 words
      • Article
        Zurich
        50 4 ZURICH exchanges closing quotes on Feb 20: US 1.BW IW Sterling 3 5742-MK Om OIO-OBJ D Mk M.M-M.1IU D PI SB.M47-SSB p Pr a Pr t um-nn DKinna-iM N Kr M.HH1II S Kr W.MS-TTM Ut 0.2145-2130 AM Mk 12.S017-MK Part ***** Wl Spain 2 2T»l-W70 Arf 0.27-J7 Ten •.TW4-7WT
        50 words
      • Article
        Frankfurt
        38 4 FRANKFURT exchani opening quotes on Feb 2 U81.0M/1V Qui 1JIM/M Sterttnc l.Ml/vn Dnn:n« 8 FY 111 2S/« Lit IMimi r Fr UK/tt N Kr M M/44 B Ft (con) < M0/37S B Fr (Tin) 6 */37 Ten 0.as&/7»
        38 words
      • Article
        Eurobonds
        238 4 EUROBOND price* quoted ni X) 21 Strucfcu BM Total Oil 8t«9*84. 98 25 mst«9*r> MOO Oourtauldi St* 9* 88 90 25 EIB S*m»\ 82 00.25 naoiu 8t« 10W 07 100 75 Inco8*S4 06 00 Offer 99.00 99.75 97.M 90.00 101.50 90.75 aparpaiuernai Shell I h 00 10*04 97.00 00.00
        238 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      264 4 m M zz E is fIJ j i Vv s V m W&&n\ m M m n '■>■ m w y ill 1 r: r^ißw l vrnHmmm V! E Vs. J.'S 0 :*S V!!? I ipMMhw ImhteMx \Z TS m JJX. DON'T CROWD ROUND OTHERSP LET OTHERS CROWD ROUND YOU!
      264 words
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  • TRANSPORT
    • Article
      Far East service to Red Sea ports
      320 5 UNITED ARAB Shipping Co (UABC) will begin a monthly service from the Far East, including Singapore, to the Red Bea ports of Jeddah and Aqaba. Announcing this in Tokyo, UASC Far East manager Bryan Plnder said the service is expected to start In
      320 words
    • Article
      Lock icon SURCHARGES CUT
      105 5 Reuter THE Australia northbound shipping conference said it will lower Its Australia to East Asia (Philippines, Hongkong, Taiwan) bunker surcharge to 9.48 per cent from 9.87 per cent from March 1. The Australia to Japan/ Korea surcharge will be lowered to 5.34 per cent from 5.41 per cent
      Reuter  -  105 words
    • Article
      SHIPS IN PORT
      371 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1330 after Yamagata Maru hauls) 45 Golden Eastern (0600 after Chung Ming) 22 Hong Shan (Bole) (1700 subject free board) 19 Kenlngau (1800 after Tellsai) 21 Nedlloyd Mersey (0600 after Nedlloyd Frazer) 10/11 Ocean Supply (B. Barge) (2000) 48 Palm Sea
      371 words
    • Article
      Lock icon Aviation agreement
      45 5 Reuter BURMA and North Korea have signed an aviation agreement to provide for regular flights between Rangoon and Pyongyang. The agreement, which followed negotiations in June 1978, was signed in Rangoon by Burma's Deputy Minister for Transport and Communications, Colonel Khln Ohn.- Reuter
      Reuter  -  45 words
    • Article
      Lock icon Japanese won't accede to request
      132 5 UPI. JAPANESE shipbuilder* tn expected to turn down a request by Greek ■hipowner* for i two-year moratorium for payments on •hipe ordered on i pay-Later basis. A spokesman for the Shipbuilders Association of Japan said yesterday that the request will be reviewed at a meeting
      UPI.  -  132 words
    • Article
      Maximise use of shipyard resources call
      685 5  -  •y GOH ENG KEE INCREASED productivity, reduced costs and lower pricing will give Singapore shipyards a competitive edge In the world scramble for the few contracts that are available. "There Is a need, therefore, for all yho are involved in the Industry in Singapore
      685 words
    • Article
      Lock icon LONDON FREIGHT
      184 5 AP. CHARTERING covered numerous trades on a wide geographical scale on the London freight market on Monday. South African maize rates recovered from last week's 40-cent setback when the Zenlln Olory achieved US$l3 2,500 tons, discharge fee) for a 14.000ton March 10-17 shipment to three ports In Japan.
      AP.  -  184 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      648 5 ARRIVALS Servlo* Operator Nam bet Uu TfaM 1 From AI AI405 0210 PER TMA TL304B 0630 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA 8Q101 0115 KUL MAS MH62] 0635 PEN MAS MH007 0645 Kin. MAS MH071 0945 PEN/KUL OIA OA 980 1030 HLP CPA
      648 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      771 5 f I CIWTAT J Call us for your local bEll I o oo SINGAPORE AIRFOM* •"-•»> TEL *****5 T\ jL CITVTEL UDA MERCHANT BANKERS BERHAD Rj llii'iirjjorttltd it! Mtilajfsui) 16th Moor, euzpatnck s Bw/diw 7. .Jala,, Raja Chulon. Kuala P< > Hux Til: ton (.{tj J.L'U U hm-.y ('bhU I'DAMASK.
      771 words
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  • Article
    Tax cut move may not help at all
    396 6 THE MONETARY Authority of Singapore's recent more to further reduce the tax payable on ACU income will be welcomed by all banks, but some doubt still exists about what the MAS Is trylnc to achieve. By lowering the tax rate on certain
    396 words
  • Article
    More cooperation
    242 6 SHIPYARDS In. Singapore have, for too long, been complaining that financing facilities In Singapore are totally Inadequate when pitted against those of foreign competitors. Although they freely admit that they do not expect the Government to help them offer credit terms equal to those under the guise of
    242 words
  • Article, Illustration
    The local inventor has to depend on UK Patent Office
    1604 6  -  One of the few colonial hangovers in Singapore isi the dependence of local inventors on UK patent law. Inventors may thinly inventing in itself is a complex achievement, but getting their invention registered under patent laws is something else again.
    1,604 words
  • Article
    Lock icon Americans still after perpetual motion
    687 6  -  ■y MALCOLM BROWNE NYT DESPITE- Ihe laws of physics, which say that we can never break even, let alone get something for nothing, American Inventors continue to pursue an ancient and Impossible dream: perpetual motion. The United States Patent Office receives 100,000 applications a year,
    NYT  -  687 words
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      Page 6 Advertisements Column 1
      724 6 HS Orchard Road, B'pore 9. Tel: *****2 406/407 Havelock Road, S pore 3. Tel: *****1 Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open tUI
      724 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 WEATHER outlook for Singapore from 6 a.m. to noon today: No rain REPORT far 24 hours prior to 7.30 pm on Feb 21 at the airport. Maximum Temperature *l q-r Associated Humidity 87 Minimum Temperature jj Associated Humidity h Hours of Sunshine Vn Rainfall in Millimetres Total Rainfall for the
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      268 6 wmwvxm SINGAPORE S 3.00 PM Opening announcements followed by Serbanika (MalayRepeat) 3.25 Diary Of Events (Malay) 3.30 Star Performance Where You Loved Me 3.55 Paper-Work Masters In Japan 0 4.30 Intermission 6.00 Opening announcements followed by Electric Company 0 6.30 News in Brief 0 6.35 Wild, Wild World Of Animals
      268 words
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  • Article, Illustration
    Slightly brighter prospects for metal market this year
    1187 7  -  i Tin producers now trying to convince consumers of the real need for a floor price increase, in order to allow additional investment which can help to check falling production, have found an unsolicited ally in Mr. G.I. Brown of the International
    1,187 words
  • Article
    If companies want more business ...
    251 7  - If companies want more business Letter to the Editor Tim Bowyer JL Refiner> Sumatera Seletan Indonesia Dear Sir, When I was working In Singapore last year, I bought a rather expensive Qrundlg stereo radio. It was out of order for most of the time, and was continually being repaired by
    251 words
  • Article, Illustration
    STRAWS IN THE WIND
    563 7 I WOULD find a certain cinema ad placed In the press on Saturday offensive In any country, but especially so in one which has as severe laws against carrying firearms as Singapore does "We defy you to count the bullets fired!" It yelled about Its latest
    563 words
  • Article
    Behavioural sciences
    1031 7  -  FORUM i f V_J ...on 9 management 9 •y GAN HUAT TATT Mr. Can is a lecturer in tUg 1 Department of Business J Administration, Univer r x sity of Singapore. MANAGEMENT literature is not short of prescriptions. Lessons from the past are researched and offered as panaceas.
    1,031 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      444 7 oolft unTE Kli HOTEL MERLIN SINGAPORE R > in i MlMfl 1 HOTEL ASIA 7500 Beach Road, Singapore 7 r 10, "Singapore 37 Scotts Road, Singapore 9 Tel* *****11 HOTEL ROYAL-RAMADA Tel: *****8 MiNir. rniißT unxci Bl Tanglin Circus, S pore 10. Tel: *****1 motei MING COURT HOTEL Newton Road,
      444 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      69 7 Bristow: Frnnk Dickens Scene.-TV* v-teod office of Messrs Heap TVoKoood fOWtshtrs ftnoBHiHG, ma TAs»«iEje M ft* OfOf=> LOOK uxjat me f €HDISM RPTrK 1 RT VoNOONS YMDVEJL' (R ST"OR.V rooftop P*MD W ljjsn_mi -.£s>h 5^ kK a SOJNDS UKe Pi \l ITS ftSOOT THIS B.JVIMS rS°SS-o WMPiT sY CICRIC WHO
      69 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Warner sees record profit in fourth quarter
      216 8 &lORTH AMERICAN COMPANIES Reuter WARNER Communications Inc. reported record fourth quarter profits, and said they would have been even higher except for some weakness In Its cable TV and toy subsidiaries. Warner's fourth quarter profits totalled US$l9.9 million, or $1.48 a share ($1.38
      Reuter  -  216 words
    • Article
      AT & T rise
      32 8 AT T rise AMERICAN Telephone and Telegraph Co said It raised Its quarterly dividend to US<l.l5 a share from $1.05, reflecting its confidence In the US economy and the telecommunications business outlook.
      32 words
    • Article
      Diversification keeps TWA airborne
      1055 8 NEW YORK: Edwin L. Smart, chairman of the United States' largest transportation company, is hunting for a rare species of corporate game a strong, but affordable, company to reduce Trans World Airlines dependence on the cyclical swings of air-traffic earnings. Mr Smart was ready to claim
      1,055 words
    • Article
      Lock icon Rank Xerox optimistic
      156 8 EUROPEAN COMPANIES Reuter LONDON: Combined profits of Rank Xerox and Rank Xerox Holding BV are expected to show good growth In the current year ending Oct 31, chairmen D. Kearns and J. Thomas said in the annual report of the Rank Organisation. However, the effect of currency
      Reuter  -  156 words
    • Article
      Massey-Ferguson spending
      121 8 TORONTO: In its just released annual report. Massey-Ferguspn said capital expenditures for 1978 are planned at about ***** million (USSI4O million) compared with $353 million in 1977. This would bring total addition to fixed assets for the period 1975 1978 to more than $1,440 million. Most .of the
      121 words
    • Article
      Lock icon Mobil AG profit doWn
      94 8 Reuter HAMBURG: Net profit in 1977 fell to around five million marks from 184.2 million marks on sales little changed at five billion, indicating no dividend to Mobil Oil Corp after 175 million previously. Earnings from other activities such as domestic oil and natural gas production
      Reuter  -  94 words
    • Article
      Lock icon Rhone-Poulenc in balance
      204 8 Reuter. PARIS: The RhonePoulene group's accounts should be roughly In balance for 1977 after a 364 million franc net consolidated loss the year before, chief executive Jean Gandols told Journalists. The net balance takes into account payment of around 100 million francs of tax, but without extraordinary
      Reuter.  -  204 words
    • Article
      Rennies drop
      87 8 RENNIES Consolidated Holdings announced profit after taxes and minorities of 4.76 million rand (6.06 million) in 1977. The company has declared a final six cent dividend, making 10 cents for the year. The company expects 1978 to produce Improved results. Earnings for the second half of 1977 were
      87 words
    • Article
      Lock icon Dutch stake in Foster
      63 8 Reuter TOKYO: Philips Gloeilampenfabrieken, Eindhoven, of the Netherlands, has acquired a 7.27 per cent stake in the Japanese audio equipment maker, Poster Co. Philips will not be Involved in the management of Foster. Foster said it has agreed to export to Philips audio equipment, mainly amplifiers,
      Reuter  -  63 words
    • Article
      Philip Morris disappoints
      366 8 HEAVY pressure on revenue and profit margins held cigarette and wine conglomerate Philip Morris (Australia) to a 2.9 per cent growth in profit for the half year to December, 1977. Directors blamed extensive price-cutting, a shift In demand to lower priced brands and intense competition in the
      366 words
    • Article
      Japan Oil to start exploring
      104 8 ASIAN COMPANIES JAPAN Oil Development Co. said it will soon start exploring for oil in Abu Dhabi's new offshore field, the UMN Addalkh district, in cooperation with Abu Dhabi National Oil Co. (Adnoc). It said a new company, owned by the Tokyo-based firm, which Is
      104 words
    • Article
      Lock icon Philex
      49 8 Reuter. MANILA: The Philippine Exchange Co Inc has announced profits of 43.6 million pesos for 1977 31.5 million). Philex expects a lower volume of business this year as its role as exclusive sugar trader was transferred to the Philippine Sugar Commission (Philsucom) last year, company officials said. Reuter.
      Reuter.  -  49 words
    • Article
      Sanyo Food noodle unit
      155 8 TOKYO. Sanyo Food Co., a Tokyo-based major instant noodle maker, announced establishment of a whollyowned subsidiary in Garden Orove in suburban Los Angeles for the production and sale of Instant noodles Sanyo plans to start operation early next year on a factory located at a 33,000
      155 words
    • Article
      Lock icon Peko-Wallsend will make bonus issue
      114 8 UPI Reuter. SYDNEY: Peko-Wallsend said it will make a one-for-five bonus share issue to shareholders registered as at March 23. The new shares rank for the A 7.5 cents Interim dividend announced earlier when the company reported a $10.06 million (56.03 million) profit for the
      UPI; Reuter.  -  114 words
  • INTERNATIONAL STOCKS MARKETS
    • Article
      Further losses
      624 8 Tokyo THE market was depressed yesterday by a large volume of sell orders in the bankrupt Eidal. This, together with another sharp appreciation of the yen against the US dollar, saw many export-related Issues posting further losses which pulled the Dow Jones down. On the other hand, public
      624 words
    • Article
      Lock icon Hongkong
      393 8 Source: Sua Hung Kai Sees Ltd INVESTORS still waited on the sidelines yesterday as the reporting season drew closer. Small selling later in the afternoon, reportedly arising from complete overseas orders, caused prices among the blue chips to ease marginally towards the close. Some interest was generated In City
      Source: Sua Hung Kai Sees Ltd  -  393 words
    • Article
      Sydney
      265 8 INDUSTRIALS and minings closed weaker where changed In quiet trading yesterday, dealers said. The Sydney AII-ordinaries Index fell 1.9 points to 450.28. reb ii Cent* INDl A.C.I 157 A N I I«7 uneh A P M 125 uncti B H P 528 -a Bunk NSW 524 Bnral 218 -2
      265 words
    • Article
      Manila
      149 8 THE stock market closed mixed yesterday with minings and commercials averages posting small losses and oils advancing slightly, dealers said. Turnover rose to 2 68 million pesos from Monday's 2.36 million. FEB 11 Pesos Aco)e Mining 0078 unch Alias Con A 1370 -0 1 Atlas Con B 13 30
      149 words
    • Article
      Bangkok
      147 8 FEB 21 Bahts Alt* Fibre 281 +4 Bangkok Bank ..409 Bangkok Invest 416 *18 Bangkok-Metro-politan Bank Bala SOS uncti Berll Juckcr 532 +8 Carpet Intnl 4M +11 Charoong Thai Wire 43S Dumei Duslt Thani 375 -4 Faber Merlin First Trust 985 -115 Oenera Finance 458 ♦11 Indo-Thal Industrial Finance
      147 words
    • Article
      Generally lower
      267 8 EUROPEAN MARKETS PRICES closed generally lowtr <»n European bournes on Monday However. in' Frankfurt. the market proved resistant to the continuing turbulence on the foreign exchange market and share prices closed mixed with a firmer bias, dealers said. Major banks firmed up to one mark, while Bayern Hypo
      267 words
    • Article
      Amsterdam
      252 8 FEB 20 Fit Ahold 100 SO -0 3 Akin 22 20 -0 3 AlRhank 146 00 I AMEV 80 00 -0 1 Amfas 108 00 unch Amrot Bunk 71 10 -0 3 Bergnss 55 SO unch Bf-rk 102 20 *0.1 Bols 70 SO -0 7 Boreuml) 146 SO 1
      252 words
    • Article
      Zurich
      190 8 FEB 20 Francs Actions Sulsses 200 -0 Alusuisse Br 1320 -30 Alusuisse Reg MO -19 Brown Boverl Br 1749 19 Clba Oelfy Br 1300 -29 Clba Getfy PC MO -30 Clba Oelfjr Ref Credit Suisse Br 049 2475 -17 -09 Credit Suisse Ref 400 •9 Elektrowatt Br 1830 -30
      190 words
    • Article
      Frankfurt
      208 8 FEB 20 Aef-Telefunken Akzo All! Lrben All* Vers BASF Bay HT Wbank Bay Vbank Bayer BBC BMW Cassella Chem Verw Commerzbank Contl Oummi Daimler-Benz Defussa Demag Deutsche Bank Dresdner Bank Dt Texaco Dyckerhof f ST A Enka Olanzs Gelsenberg OHH Hapaj Uoyd Harpener Hoechst Hoesch Horten Kail Salz Karstadt
      208 words
    • Article
      Brussels
      89 8 FEB M rrt FORWARD MARKET Acec 229 -J Arbed 2260 -70 AJlur 423 -15 Brasran 430 Bru-Lamb 1402 -8 Canpar 4M *3 Cock 390 +2 De B**r» 1M 4-4 Ebes 2306 -25 Elrctrobrl 8000 -20 Ob-Inno-Bm IMS -15 Ocv 1230 Hotook 2MS 15 PHm 3955 -80 Ryllhitrh 1800 -10
      89 words
    • Article
      Selected indices
      79 8 FINANCIAL TIMES INDUSTRIALS Monday 458 1 I l Friday 45 0 3 1 1 i i Wffk Ago 40 to < DOW JONES AVERAGE INDUSTRIALS Monday cla 1 Md 1 We*k Ago 774.43 MINIKIN IKILI.AR PREMIUM Mond:iy to R2V 1 1 1 Friday 81 to 81%. H.K. HANG
      79 words
    • Article
      Paris
      292 8 FEB Frs ORBEILLE Air-l.iquide B S N Oervals I hi none C8K1 Thomsonc«» Cie Franca ise desPetroles Compagnle Financier* Compagnle Generale Credit Foncier Dp France Hachette i Libra me) Machines Bull MicheliniB) Parlbas Prchiney Clgine Kuhlmann Peugeot• Philips (Nv Gem Beat) Pnntemps S A Rhone-Poulence SA Royal Dutch Suez(
      292 words
    • Article
      Toronto
      354 8 THE market closed higher in moderate trading on Monday with the composite index up a fraction and gains leading losses 209 to 184. Texaco Canada rose 5-7/8 to 40-1/8. It plans a merger with Texaco Explorations Canada Power Corp A added -1/4 to 101/2. Prime Investors has bid Csll
      354 words
    • Article
      Jo'burg
      182 8 GOLD shares moved firmed towards the close on Monday following the higher bullion prices, dealers said. Overseas interest was select and cautious in modest trading, they added Financial minings were higher on balance, in line with producers. The industrial market was mostly unchanged with an easier undertone. FEB Rand
      182 words
    • Article
      New York
      12 8 The American market iu closed on Monday for Washington's Birthday.
      12 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      121 8 study with W>lsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Hi Administrator) Inst of Statistic ans London Chamber of Commerce 81 Industry HSC GCE A Level MCE SCGCE O Level London AEBGCE A N O Levels Modern Mathematics for Teachers Foulks Lvnch LONDON iss
      121 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      818 9 M jig ij£2£ V k- 7 Spf;S^S liiyllllll^f $L\ 0 •I'i -•> < J '?y .-''f <-X a£ 7 mm A.r m m s vh ft" i^p«w!S^®pri: .J 'iffSff'#*-* 11l #r -V 'T;«iS.S«; c~. >3-- ■w.. ■"%'M ''%m& '-A^i :<C* *y r. is? :f?J 3* >. "v vr-4 •ft Q*
      818 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      2513 10 Bto and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yester<my with the number of shares traded shown in brackets In lata of 1,000 units unless otherwise specified All Time SettleP Contracts are quoted the world "sett." Big deal (In lots
      2,513 words
    • Article
      Government bonds
      150 10 4 3/4* 1/5/79 (250.000) (100.628 100.70S) 5 1/4* 15/10/79 (250.000) (101.178 101.275) (2) 101.23 (4) 101.24 fi 3/4* 15/S/80 (250.000) (103.50B) 4 3/4* 15/9/80 (250.000) (99.558 99 70S) (2) 99.63 3/4* 1/12/80 (250.000) (103.70B) 5* T F 15/4/81 (250.000) (101 70B) 5* T F 15/10/81 (250.000) (101 558)
      150 words
    • Article
      Stock options
      185 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. Cold Storage (March 91.70) (0.238 0.308): (June 91.70) (0.268 0 368) C and C (March
      185 words
  • Article
    In Kuala Lumpur
    328 10 BID and offer prices officially Hated and business In and reported to the Kuala Lumpur .J" xchange yesterday with the number of shares traded shown In brackets in lots of 1.000 units unless otherwise specified. industrials A ems (1.98B). AI asm (2848 2«88)T A Cftac (1.188) (2)
    328 words
  • Article
    Unit trusts
    165 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' prion for Feb 221 (Curreat pr iml The Commerce.... 1.78 1.89 INCOME BOND 1 09 1 16 The Saving Fund III 1.17 MARA BUMIPUTRA Ft Nn S pore Prog Fund S'pore Security Fund S'pore Invest Fund 8 84 0 88 (Manager*'
    165 words
  • Article
    SHARE INFORMATION SERVICE
    2436 10 mr/im High Low Coapuy Last Sals Or* Net W* Dhr Y'ld P/E Cw Val Day C000) Hlgb Lo SECTION ONE INDUSTRIALS 158 264 119 200 88* 219 189 291 422 140 132 185 58 212 57 155 144 182 350 91 Acma Alcom Allied Choc Bata Ben
    2,436 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      166 10 ZA COLLCCTIMQ Oriental /Inticnej by Judith Moorhouse and Dries Blitz E Hamlyn Group, London. Oriental antiques have always fascinated collectors scruffble Fiit e Tt W t° r h eVokln £A s they d 0 the exotlc and ln :J* however > widely believed that they are too J average collector.
      166 words
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  • Article, Illustration
    Profit-taking takes shares lower
    614 11 SINGAPORE PRICES generally took a tumble amid moderate trading on the Stock Exchange of Singapore yesterday. A few of the counters which had been accorded bulMah rapport over the past two weeks or so loot tome ground accompanied by relatively high activity. Acroee the board, mild
    614 words
  • Article
    Kuala Lumpur prices down sharply
    475 11 THE KUALA Lumpur stock market yesterday began the week on an easier note with prices falling sharply across a broad front. The decline was most pronounced among the industrial Issues, especially in the speculative secondliners. Losses of four to six cents were common among these
    475 words
  • Article
    JC-MPH arranges share placement
    117 11 JACK CHIA M P H has informed the Stock Exchange of Singapore that merchant banks are not prepared to underwrite a cash option if the vendors of Hotel New Hongkong, Sen Sen Hotel Company Pte Ltd., should exercise this option in preference to JC MPH's shares.
    117 words
  • Article
    Wearnes venture
    62 11 WKARNE Brothers and Koperasl Angkatan Tentera Malaysia Bhd(KATM) have announced the formation of a Joint venture company, Wlra Wearne Malaysia San Bhd, to import knocked down packs of Subaru cars from Fuji Heavy Industries of for assembly and distribution In Malaysia. T7ie Issued capital of Msl million is
    62 words
  • COMPANY NEWS
    • Article, Illustration
      Estate revaluation will boost net assets of Consplant
      1027 11  -  By MANO SABNANI THE revaluation of Consolidated Plantations' estates will add, if written into the books, some 90 cents to the net asset backing per share. According to international brokers James Capel and Company, the estates of the Slme Darby group's main
      1,027 words
    • Article
      Kemayan Oil first half higher
      339 11 HIGHER crude palm oil prices combined with Increased crop production have pushed profit higher at Kemayan Oil Palm for the half year ended Nov. 30, 1977. Unaudited pre-tax profit of the company at the lnterlm stage rose by a creditable 31.8 per cent to $1.18
      339 words
    • Article
      COMPANY MEETINGS
      60 11 THE following company meetings are due: An extraordinary general meeting of Uaftad Aabeato* Cement will be held on Friday, Feb 24 at the 12 floor, Flttpa trick's Building, 86, Jalan Raja Chulan, Kuala Lumpur at 11 am. Ym Hlap Seng Ltd: Friday. March 11 at the 11th floor,
      60 words
    • Article
      DIVIDENDS ANNOUNCED
      180 11 Current payment Ex Date Date payable Total for the year Total for prevtoua year Temerloh Prrlii Plantation* C. Securities Ayer Molek NST D Keramat STP (1975) Time* Publiahin* Yeo Hiap Sen( M Banking S.P. Textile K.L. Kepong Alcorn Shannri-U 3. SHI 12 5% 5%<b) 20% 25* 45*<n) IS*
      180 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      255 11 The three bosk needs and the three ports of Britanniai 3 1. To get at the facts often a single fact easily and quickly, without having to raad a long article in which that fact is embedded. This need is served by the 10-\»lume Micropaedia, or Ready Reference and Index.
      255 words
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  • Article
    Healey says fall of dollar unjustified
    789 12 FOREX TRENDS EXAGGERATED BRITISH Chancellor of the Exchequer,' Denis Healey •aid In Brussels that the depreciation of the US dollar has gone further than Is Justified by purely economic facts. He said the general view of EEC finance ministers meeting in this city is
    789 words
  • Article
    Lock icon Eidai's fall won't change bank rules
    113 12 Reuter, THE collapse of Eldal Is not lQtely to affect the Bank of Japan's credit policy In general or Its official discount rate In particular. j Bank officials yesterday sjUd it is wrong to assume that Eldal's failure will Increase the possibility of a
    Reuter,  -  113 words
  • Article
    Lock icon Textile makers look to Japanese mart
    387 12 AFP. Reuter. SOUTH-EAST Asian textile makers are seeking to boost sales in Japan as their sales have been Increasingly restricted in their major overseas markets. The warning came in a report compiled by the Japan Chemical Fibres Association which conducted on-the-spot surveys in eight
    AFP.; Reuter.  -  387 words
  • Article
    LONDON STOCKS
    812 12 LONDON, Tues. Some government stocks closed below the day's highs as buying on yield considerations faded, while leading equities eased a few pence In light selling. Sentiment In equities was still affected by last week's trade figures. At 3 p.m. the Financial Times Index was down 3.9 at
    812 words
  • Article
    Court agrees to decide on tariffs
    274 12 THE US Supreme Court yesterday agreed to decide whether the federal government must Impose higher tariffs on electronic products imported from Japan to end what US manufacturers claim as unfair competition. The court's eventual decision will carry great Impact also for the world steel
    274 words
  • Article
    Lock icon Arab embargo won't recur
    163 12 Reuter. VENEZUELAN President Carlos Andres Perez has said the Arab oil embargo of 1973 is unlikely to be repeated. He was commenting on President Carter's statement on Friday night that Washington would retaliate with a total trade embargo against any country which stopped its shipments of
    Reuter.  -  163 words
  • Article
    Subaru dealership
    112 12 SINGAPORE Motors has asked us to point out that it is the sole distributors for Subaru motor vehicles In Singapore. In a recent article on the activities of Wearne Brothers as Subaru agents for Malaysia we suggested that Wearnes might have their agency and distributorship extended to Singapore.
    112 words
  • OFFSHORE SOUTH-EAST ASIA
    • Article
      Project decision must be taken at earliest date
      264 12 THE PETROLEUM industry it exploring for oil reserves in more and more inhospitable environment, and production development decisions must be made as eariy as possible for economic reasons. This must be done even though they involve very large capital investments, according to
      264 words
    • Article
      Politics will hold sway over supply
      252 12 IT IS NOT true that the Arabs need the oil consuming nations more than they heed them. This was the essence of a candid speech by Mr. James E. Aklns. former US ambassador to Saudi Arabia, to delegates yesterday. Without mincing his words. Mr.
      252 words
    • Article
      Regional oil hunt is coming to life again
      711 12  -  •y RONNIE LIM OIL exploration activity in East Asia is finally showing signs of recovery after having been in the doldrums over the past two years. This is the view of Mr. Allen Healey, the conference chairman and head of the South-Bast
      711 words
    • Article
      GREATER INCENTIVES HOLD THE KEY
      563 12 WITHOUT the proper economic incentives for new exploration and development activity. Asian countries may see a continuation of the recent pause in 'aggressive spending by private oil companies. This is especially true, considering the squeeze on profits today, with private corporations more cautious than ever
      563 words
    • Article
      Local service sector expected to grow
      383 12 SINGAPORE'S oil rig and equipment Industry Is currently employing about 7,000 workers and grossing over USS2IO million (*****.2 million) annually. This was stated by Mr. Ooh Chok Tong, Senior Minister of State for Finance, at the opening of the Offshore South-east Asia (OSEA) Conference
      383 words
  • Article
    ADB lends over US$4b
    232 12 THE ASIAN Development Bank last year approved loans of U*****.5 million, up 14.3 per cent from 1976. This brings the total amount of ADB's loans to $4.25 billion since It started lending In 1968. Last year, loans from ordinary capital resources amounted to U*****.6 'million while
    232 words
  • Article
    Debt remission talks
    50 12 rALKS are taking place between West German ministries on whether the government should drop its opposition to the general remission of debt for developing countries, or at least for th» poorest among them, government sources said in Bonn. The Cabinet has not, however, discussed the question recently.
    50 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      54 12 If business you wish to transact With diplomacy, reason and tact, Fosters is the venue For a fine interview Over dinner, a drink or a snack FOSTERS ORIGINAL LONDON RESTAURANT 25A. Amber Mansions.Orchard Road, Singapore 9. Tel: *****6/*****9. Fosten Smokehouse Hotel, Cameron Highlands Foater* Serve Guaranteed New Zealand Prima Baaf
      54 words
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      Page 12 Advertisements Column 2
      107 12 IN SINGAPORE THIS WEEK ONLY Importer and distributor to established retail outlets in Australia seeks additional consumer products, agencies and ideas from Singapore Manufacturers. All inquiries welcome telephone Mr. Cleory 293-3357 SHIPPING PAGES Business Times publishes the Shipping Pages 5 days a week from Monday to Friday. i From March
      107 words
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  • Article
    SHIPPING TIMES
    5058 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. t C*b(m(lum Bnaafhrtoh hu a Joint w
    5,058 words
  • Article
    The Consortiums
    114 13 The major shipping consortiums operating between the Far East/Europe and Straits ports/Australia, and the member lines. ACE (FAR EAST EUROPE): Franco Belgian Services. K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. ANRO (STRAITS AUSTRALIA): Australian National Line. Australia Straits Container Line. Nedlloyd Lines. JI'MBO
    114 words
  • Article
    Who acts for whom...
    548 13 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Ahll Shipping Sharjah Alpac Line Intra sea Anhslng Line StrongwlU Angkutan Pertambangan Eastern Way Angkutar. P. (Cont. Service) Straits Shipping Apl (American President Line#) «m« Arya National Shipping Ocean
    548 words
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      Page 14 Advertisements Column 1
      789 14 SHIPPING IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE fpm P.Wnf Htarj B'kmn U«m 23/2 2i/2 6/3 |/3 12/3 U/3 20/3 22/3 27/3 29/3 </< t/4 19/3 21/3 u/3 30/3 1/4 2/4 J/4 8/4 9/4 12/4 15/4 IS 4 19/4 22 4 23 4 24/4 30/4 21/4 3/5 5/5 6/5 *f* M
      789 words
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      Page 14 Advertisements Column 2
      838 14 Z2 SANKYO LINE AUSTRALIA SERVICE Mrtanf Lwdrnf for MAY CARP SAILED IN PORT FREM. AOEL. MEL fmtl 23 Fob PORT BRtS. SYD, MEL THREE STAR 4/7 Mar 2/3 Mar FREM. AOEI. MEI SEABLOOM 17/1J Mar 15/16 Mar MCI. STO BANGLADESH SERVICE SE ABLOOM 24 Fob IN PORT CHITTAGONC. CHAIN A
      838 words
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      Page 14 Advertisements Column 3
      727 14 \land U.S.A./ ASIA SERVICE OtV'REFRIGERATED COHIiCIMW SAILING (KIT MEDNESMT FOR PORTS 1* u! CAAAOA CAMKM JAPM. KOREA. TAMM, NONG KONG. WllSc MO WfW VESSEL/VOYAGE Vessel CFS Oo* GATEWAY CITY *-687 "7,71, PONCE V-319 MAR 7/1 mak GATEWAY CITY V-688 MAK 14/15 mark PONCE V-320 m> a/a mar 20 MID-EAST SERVICE
      727 words
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      Page 14 Advertisements Column 4
      541 14 Everett Lines mgi Burma Five Star Shipping Corps. Hk "BURMESE NATIONAL LINE htomeywa 8 f S S C Agents m Maiawa TEPS MALAYSIA Port Kelang Tel <38> 7366 Perwng Tel ***** ***** Hwyciu IntsrcMntMwiul S. A. C.I. F. "ARGENtINE NATIONAL LINE" LOADING FOt OUMM CAPETOWN tut IKK MKS PATAGONIA ARGENTINA
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      Page 14 Advertisements Column 5
      644 14 •y 22, 1978 A V\ Orient Overseas Co+iiauieA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) 5 """fi Solon LtHawr H burj R dam Ant WMUIJW la Fort 2|/? w 3 IS/J Wi /3 M ECORAL CM 27/2 »/2 I i,/, chewalierpaul m »«Nn NEPTUNE CORAL CM 27/2 CHEFRUERRO2E7M 4/3
      644 words
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      Page 15 Advertisements Column 1
      1055 15 rtan Area. t'MM Havre I'M P. IKM fR"* P"™ Imp IM Sailed Wrt Sailed SbiMJ aFH 75 Frt HK. CM if rtarH Ui M UiHI 2* FH IK,. US. UUin Man Sa.lad Jailed SaiMR Si'" a ft* 1 *>' HK. IVM MM i*M SUM Si Mi talee 4«* TK, Hi.
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      Page 15 Advertisements Column 2
      1245 15 Ben Ocean Ajart service of Ben Line BtueFUnnel den Line and NSMO TR M'CINTIHEHT (Til Saw) Dm S nppore t. Kelanf franc (DM PROTEJILAUS m 2 Mar 10/12 Mar 1/ 1 Mar I <,( Bilbao. Aauterdan., h^,. Dublin, Liverpool. KMUf 1/11 Iter 11/11 Itor v- I Iff L sbon, Lt.apes.
      1,245 words
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      Page 15 Advertisements Column 3
      834 15 fjT5 BEN LINE CONTAINERS N'MC IHArta t'DAM MAVtE SCION S.rr|a#ora t. falM| W Canaant <*str>4 taMUM ffaKl Ml U-*. Utttl ON I Mar I Mar' MMar 1 tar >*•>( Ulllllll KUI tl Mar 14 Mar I Hr I Mr I »(M f ■lULHI I* Mar a Marl nur »ur M
      834 words
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      Page 15 Advertisements Column 4
      934 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Inter f. KtlM| tltvl fmvcesca a/ j ihuamia ekamia «/1 mi mift FkAMtSCA 11/ I tllUMl lUIMH 11/ 1 WM fmmisc* IV IMI Miima Mm, MM*. S»h. M aki 41 Mm. IMckMM. Ilk AtMftiM 9ff: 1) kTtW tnm
      934 words
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      Page 15 Advertisements Column 5
      642 15 GUTHRIE BOUSTEAD LBAK FOR H S. UtKl BLIVEBANR Reunion, Momkasa. Tanga, Durban EL. PE, Crr<m*l Prune P Kelanf 11/H Mar S pore TT/21 Mar FtkM EAST 1 MCT* AFRICA FN UMM. MA HI LI TUT»»Ma Penar| p. kelanf S tore n/TT Fat LYKES ORIENT LOCK EXPRESS SERVICE BIRtCT FttM SINGAPORE
      642 words
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      1017 16 "K" LINE KAWASAD DON KAIBHA LTD. nut tmmmma ttma i marc oru sko S'pora P. Keta{ LHirre H"bgri Brrmea MEVALIER PAR W la Part 23 Frt 15 Mar 17 Mar II Mar KCPTVK CMAI TV 27 F«* 21 Fak 22 Mar 24 Mar 25 M* CKVAUER RtZE 7W 4 Mar
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      Page 16 Advertisements Column 2
      1164 16 LC.-04JL/ATLMTIC/6ULF SERVICE •ram* ret/in. csttuners fm rmt p. cam. n im.H "WW we TWU oaltimme. in oauaw, imtu, galvestom am mn gulf mti 1.0 MAMYA PMOESN" Iliac* ear) I I Mar •VISaVA SIOONI' 21/(4 Mat E.C./6REAT LAKES SERVICE LaHiag l«r NORFOLK, NEW TOW. MMtKil, mint ASNTAOULA ICWII. CNICAGO "*nr- i»
      1,164 words
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      Page 16 Advertisements Column 3
      939 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: it ann ivia ms* CNEVALIER "ML NEPTVNE CORAH CHEVALIER RWt k£PTMME PEARL MEKATM MMMONC CONTAINER ORIENTAL CHIEF SEVEN SEAS HIKE r«m P.MiMf K Part DM 27 Fat H Fit J Mar 22 Mar M Iter 11 to 21 Mar S Apr Wto IMr
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      Page 16 Advertisements Column 4
      290 16 WMIIMEK2I MALAYSIA* INTERNATIONAL SUPPING CORPORATION BCRHAO TEL IL MIJM EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA aim uanm N»» 1) ImlM, (MM. S) AattMM. IMK|. L aewt. UM Bam. M, I** SCINDIA LINES USA/CANADA SERVICE from INDIA/t. DESH TO PACIFIC NORTHWEST PORTS Limit tar: Lk Aafttas Sa FrMcisca, Via K. Seittli,
      290 words
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      656 16 INTRASEA (PTE) LTD f ,»b«" House C'rCM- 2 -K2 Sh- Telephone •••■.> r Line STRAITS/AUSTRALIA SERVICE S pore P. Kelang Loading for: Grace Adelaide 26 Feb 23 Feb Brisbana/ (Built July 1977) SJSZL/. Adelaide. M/V Prairie 31 Mar 28 Mar Afiat* StafßMn IRTUSU (PTE) LTI-2J***** MKIK ZOmSl. fcala Lew YEI
      656 words