The Business Times, 23 February 1978
1978-02-23
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The Business Times
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Title Section11 1978-02-23 1 BUSINESS TIMES M.C.(P) No. 218/1/7 THURSDAY, FEBRUARY 23, 1978 50 CENTS11 words
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BRIEFLY...
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Article63 1978-02-23 1 Reuter LONDON, Wed. New Zealand's economy is In Jeopardy and Its vital agricultural exports are being hampered' by protectionism In world markets. New Zealand Agriculture Minister Duncan Maclntyre told the Royal Commonwealth Society "The plain fact Is that In all our main markets in Europe, Japan andReuter - 63 words
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Article62 1978-02-23 1 AFP BRUSSELS, Wed. Unemployment rose by 3.4 per cent in January in the EEC to reach 6,243,000 or 5.9 per cent of the workforce, the Statistics Office said today. Denmark -had the biggest increase, 14 per cent followed by West Germany, li per cent, France was theAFP - 62 words
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Article59 1978-02-23 1 Reuter FRANKFURT, Wed. The West Oerman central bank supported the US dollar on the foreign exchange market here today by buying US$65 million (over Sslso million) to keep Its price at 2.0423 marks against 2.0421 yesterday. Dealers said it was the bank's second highest support purchase duringReuter - 59 words
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Article64 1978-02-23 1 Reuter TOKYO, Wed. The Japanese government Is sending a survey mission to Thailand, Malaysia and Singapore tomorrow for three weeks' preliminary studies on a project to lay a submarine co-axlal cable network linking the three nations. The mission will Inspect proposed cable laying sites, collect data about theReuter - 64 words
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Article35 1978-02-23 1 AFP TOKYO, Wed. The Amber One air route over Vietnam and Laos will be re-opened on March 23 after about three years' interruption due to the Vietnam war, said Japan Airlines. AFP.AFP - 35 words
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Article44 1978-02-23 1 THE International Monetary Fund has announced the next monthly gold auction will be held on March 1. Copies of the Fund's "Invitation to Bid" which sets out the rules as well as application forms are available from the Monetary Authority of Singapore.44 words
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Article70 1978-02-23 1 AP WASHINGTON, Wed. Saudi Arabia's Minister of Industry said today his country's pig-rm to build a petrochemical industry will probably cause cancellation of petrochemical construction plans In "less sensible areas". But Mr. Ghazi Al-Gosalbl said that the Saudi plants, to be built in cooperation with American companies, willAP - 70 words
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Article103 1978-02-23 1 UPI NEW YORK, Wed. Prices moved up during the first hour today, In fairly active trading of New York Stock Exchange Issues. Analysts suggested that the better appearance of the stock market stemmed partly from technical reasons, a rebound from Its prolonged decline. The firmness of the dollarUPI - 103 words
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Chief Price Chances
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Article119 1978-02-23 1 Rises Shangri-La BRaya Kempaa Supreme Corps API M Breweriee Con* Plant G Ceramics Nanyanc Preaa 368 162 394 284 112 482 480 226 193 +8 +8 +4 +4 +3 +2 +2 +2 +2 Most active API 335,000 Haw Par 221 000 Pahanz Cons 100,000 F. Merlin 71,000119 words
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Article, Illustration171 1978-02-23 1 Foils Most octive Dunlop Est 3.06 -10 API 542.000 167.000 106.000 04.000 nover: 2.52 m le: MS4.12 m Tanjong Tin Perils Plant SP Text Rothmans Dunlop Ind. N.S.T. 4.70 1.68 1.15 3.70 4.24. S.OS -10 -08 -07 -06 -06 -05 Pahanglons Olympla B Raya Total Tur Total171 words
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Article, Illustration610 1978-02-23 1 SOH TIANG KENG - MANUFACTURING OUT OF FAVOUR By SOH TIANG KENG GENERAL commerce, not manufacturing, is now the banker's top choice for loans In Singapore. Some years back, manufacturing used to grab the lion's share of total bank loans. Since 1972, commerce began to take an Increasingly larger610 words
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Article198 1978-02-23 1 BRIDGESTONE of Japan is studying plans to set up a tyre factory in Malaysia to meet the country's demand for large quantities of tyres, according to senior managing director, Mr. K. Ishll, in Penang yesterday. Mr. Ishll Is in Malaysia to survey the sale of Bridgestone198 words
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466 1978-02-23 1 AMERICAN businessmen In Asia meet here today to appeal to US Congressmen not to enforce legislation that spells double taxation. About 150 members of the Asla-Paclflc Council of American Chambers of Commerce will attend the four-day gathering to discuss the taxation question and466 words
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Article170 1978-02-23 1 JAPAN Air Lines (JAL) said It plans to buy more than 35 Jetliners worth over 500 billion yen (5*4.85 billion) from the U8 over five years from 1980. A spokesman said orders will be placed from next year for delivery of seven or170 words
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Article66 1978-02-23 1 AFP SAUDI ARABIA will try to obtain an oil price freeze throughout next year as well as this, a Saudi minister announced In Washington. Referring to future price discussions within the Organisation of Petroleum Exporting Countries, Industry Minister Ohazl AlGosaibl said: "Our position for the restAFP - 66 words
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Article277 1978-02-23 1 A TRADE mission to the European Economic Community left yesterday on a three-week selling tour that will take them through Brussels, Frankfurt, Amsterdam, Paris and London. The mission will promote locally manufactured jewellery, Risis gold orchids, pewterware, stainless steel holloware, shower ratings, luggage cases,277 words
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Article354 1978-02-23 1 Reuter JAPANESE Minister of International Trade and Industry, Toshio Komoto said Japan should make greater efforts to reduce Its current account surplus to prevent the yen from rising beyond 240.00 yen to the US dollar. He told a meeting of Liberal Democratic Party MPsReuter - 354 words
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Article194 1978-02-23 1 A NORWEGIAN pharmaceutical venture, worth over $10 million. Is to be set up In Singapore this year. The Norwegian Investors in the new company, Wle- der Pharmaceuticals, arrived here last week to finalise arrangements for the plant, and are expected to announce their plans for194 words
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Page 1 Advertisements
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Advertisement125 1978-02-23 1 'J* KrSB t r AiMDbT IMnNGOSBDED Gffi! Peugeot 604 exudes luxury. It's rigid body is protected by Electrophoresis and six handsprayed coats of paint plus a top layer of varnish. Insulation from noise and vibration is achieved via a floating differential, seats that are tuned to the fully independent suspension125 words
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Advertisement71 1978-02-23 1 SECOND day at Otbhore S-B BUBMAH «yei North Sea Asia Conference 2 IWbo* aaain 7 KL bank picked to conduct HYTEX Mt to retorn to profit itudy of Aaeen 2 path II LLOYDS urf.ld .hJpkulKUn, >4i l Wo 5 HOUSTON banker predict* oil SOME tipo from millionaire < price v71 words
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Advertisement140 1978-02-23 1 Front Load dSEdn«~ BUSiriESS QUARTER! The Autumn issue of the ASEAN Business Quarterly includes a 5-page analysis of ASEAN's urea projects and finds these to be less than viable (12 tables) a 15-page analysis of the impending world energy crisis and the likely economic effects on ASEAN countries including new140 words
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TRADE AND INDUSTRY
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Article164 1978-02-23 2 COURSES AND TALKS DATE8 TITLE LOCATION ORGANISER Feb 13 Mar 31 Administrative management YWCA, Marine Parade University of Singapore 27,28 Finance for sales and marketing management Hilton Consulasla Mar 1.2 Maximising profitability from major customers Hilton Consulasla Mar 4 11 Business strategy: Formulation and Implementation SIM Conference Room164 words
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418 1978-02-23 2 OFFSHORE SOUTH-EAST ASIA CONFERENCE THE PROBABILITY Of Oil spills from offshore operations has been considerably reduced following improved procedures and techniques and greater awareness by all concerned. A paper on oil spill contingency planning for offshore exploration and production systems by Messrs. R.J.418 words
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Article548 1978-02-23 2 RONNIE LIM - ■y RONNIE LIM A PROPOSED code for the construction and equipment of mobile offshore drilling units by the Intergovernmental Maritime Consultative Organisation (Imco) is likely to be completed this year. Mr. Robert Young, chairman and president of the American Bureau of Shipping told the Offshore548 words
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533 1978-02-23 2 TSANG SAU YIN - By TSANG SAU YIN THERE are strong signs that both the Australian government and public realise that cheap petroleum energy Is a luxury that can no longer be afforded. Mr. V. Swindon, exploration director of AAR Limited, Brisbane, made this sober point while533 words
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Article125 1978-02-23 2 ALL Singapore citizens and non-citizens, irrespective of their marital/ family status, family income and/ or property ownership and regardless of their place of work, can now rent flats from the Jurong Town Corporation. Initially, the tenure for the flats is one year but It may be125 words
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Article, Illustration94 1978-02-23 2 BIG AND HELPFUL A CHEQUE, for a schoUrohtp for Chag Poh Hwa to study at ikt United World College of the Atlantic la South Wake. being pro. 1 Mated to Pllfomi George Thornton (left), the South-oast Asian rape—eutatlve of the UWC, by the rogioaal general manager of Btaadard Chartered Bonk,94 words
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Article353 1978-02-23 2 Reuter TWO KEY US officials called on Congress to approve a US contribution of up to 5,060 tonnes of tin to the international tin buffer stock. Such a step could help substantially to stabilise the international market. Assistant Secretary of State Julius Katz and AssistantReuter - 353 words
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Article119 1978-02-23 2 Reuter THE SOUTH Korean government has authorised the Introduction of a Japanese loan of 0,082 million yen (about 8559 million) from Mitsui and Co. to help finance the construction of a synthetic rubber plant. A government committee approved the loan to be drawn bv HankookReuter - 119 words
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252 1978-02-23 2 Reuter PHILIPPINE Energy Secretary Oeronlmo Velasco yesterday confirmed that the Nldo oil well off the western island of Palawan could supply up to 10 per cent of the country's dally oil consumption. Mr. Velasco was speaking at a news conference following theReuter - 252 words
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Article198 1978-02-23 2 AFP THE Arab-Malaysian Development Bank has been appointed by an EEC multinational corporation to carry out an Investment study In Asean which may lead to the biggest single Investment from the Community. Disclosing this yesterday in Kuala Lumpur, the bank's managing director, Hussaln Najadl,AFP - 198 words
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348 1978-02-23 2 KLASSE Department Store, the 12th retail outlet for the Emporium Holdings group, will officially open early next month. Representing a radical departure from the group's emporium image, Klasse at Lucky Plaza will be stocked with almost $2 million worth of upper-end merchandise meant348 words
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Page 2 Advertisements
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Advertisement350 1978-02-23 2 FROM FEDERAL PUBLICATIONS L M BIJ Ml 1 W /m=M l/l WW vc a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this350 words
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OVERSEAS
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Article283 1978-02-23 3 UPI SECRETARY of State Cyrus Vance asked Congress on Tuesday to approve nearly US$9.5 billion (5122.1 billion) In new foreign aid funds and said the administration plans substantial Increases through 1982. "We believe that foreign assistance is among the most important and effective instrumentsUPI - 283 words
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Article261 1978-02-23 3 Reuter NO MORE than a modest improvement In the West German economy can be expected in the near future, with industrial production likely to show only a small rise in the early months of 1978, the IFO Economic Reser&ch Institute said. German firms still regardReuter - 261 words
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Article210 1978-02-23 3 Reuter CENTRAL banks have < bought increasing amounts i of mark Eurobonds over the last 4 1/2 months because of i the US dollar's weakness.- German bond market i sources said the increased < purchases reflect the world- i wide lack of confidence in the dollarReuter - 210 words
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150 1978-02-23 3 AP THE CHIEF executive of the Brazilian Coffee Institute (BCI) told importing countries it was up to them to work out a reasonable coffee price level if they wanted the exporting nations' pact to become the effective instrument It was designed to be.AP - 150 words
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870 1978-02-23 3 Reuter AP BUNDESBANK vice president Karl Otto Poehl says estimates that the US monetary authorities spent one billion marks (551.13 billion) in supporting the dollar in the past week are approximately correct. This remark suggests dollar support by the US through use ofReuter; AP - 870 words
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WORLD IN BRIEF
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Article600 1978-02-23 3 Agencies NOBEL laureate, economist Milton Friedman, said he believes the Carter administration's economic policies are paving the way for wage and price controls. He described President Carter's voluntary antiinflation programme as window dressing. Failure of the programme will "soften the ground for another dose of wage and priceAgencies - 600 words
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211 1978-02-23 3 AP AMERICANS will be "reduced to shining one another's shoe*" unless the United States abandons its free trade tradition and protects American industry, the leader of the United Statea' biggest labour organisation said on Tuesday. "The world has changed," George Meany, president ofAP - 211 words
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229 1978-02-23 3 AP NYT PRESIDENT Carter won bipartisan support from Congressional leaders to do "whatever he needs to do" to end the marathon coal strike, according to the leaders who met him. Mr. Carter is holding off strong action to end the strike while administration officialsAP; NYT - 229 words
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565 1978-02-23 3 Reuter AP THE GROWTH In real US gross national product f or the 1077 fourth quarter was revised downwards to a seasonally adjusted 4 per cent from the original estimate of 4.2 per cent. In the third quarter, real GNP rose by 5.1 perReuter; AP - 565 words
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686 1978-02-23 3 AP UPI THE US Supreme Court on Tuesday cleared the way for the first major exploratory oil and gas drilling to begin in the Atlantic Ocean off the states of New York, New Jersey and Delaware. The court turned down appeals byAP; UPI - 686 words
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Page 3 Advertisements
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Advertisement73 1978-02-23 3 SHIPPING PAGES Business Times publishes the .Shipping Pages 5 days a week from Monday to Friday. From March 1, 1978, the Shipping Pages will cease to be published in The Straits Times but they will be published in Business Times 5 days a week instead. Business Times also publishes a73 words
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Advertisement130 1978-02-23 3 Strength and quality Australian building materials are available to exact specifications and are made to the highest standards of quality. The range is a vast one and includes' structural steel, hardboards, cast-iron pipe fittings,all kinds of insulation, aluminium framed doors and windows, louvres, kitchen and bathroom fittings, welders, hand and130 words
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Page 3 Miscellaneous
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Miscellaneous616 1978-02-23 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Camberwell colour (be careful) (5) 6 Official visits to nightclubs, etc. (5) 9 Bad light! (7) 10 Not the answer to "1 Across" (5) 11 Fish that wasn't fresh? (5) 12 Name the teetotaller In an outcry (5) 13 Went off with a mere616 words
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RAW MATERIALS
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Article392 1978-02-23 4 THE market In Singapore yesterday closed slightly higher with March One RSS buyer quoted at 203.75 cents per kilo, up 0.75 cent from Tuesday's close. Opening prices rose slightly in speculative buying, short-covering interest and some upcountry forward demand. The afternoon session ruled quietly steady392 words
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Article295 1978-02-23 4 Price* in cent* per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.8. prompt f.o.b. Int. 1 R.S.8. March Int. 1 R.S.S. April Int. 2 R.8.S. UK/Cont. Int. 3R.S.S. UK/Cont. Int. 4 R.8.8. UK/Cont. Int. 5R.S.8. UK/Cont. Buyers 203.75 203.73 204.25 188.00 180.00 180.00 185.00 183.00295 words
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Article90 1978-02-23 4 NOON 88R and SMR prto N yesterday .MJU «h April RA8 (Cams (Mlk) (Forward Mtk) (OMUpvkC) itipvkl) 38 R 20 (1-ton pallet) 194 00 190.008 195.00 197.00N S8R50 (1-ton pallet) 192.00 194 00N 193.00 195.00N SMR ICV (1-ton pallet) 214.30 216.50N 215.50 217.SON SMR 5L (1-ton pallet)90 words
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Article30 1978-02-23 4 Rubber: Feb 22: Singapore: March 203.75 cents (up 0.75 cent) Malaysia: March 20&50 cents (up 0.50 cent) Tin: $1,674 (up 14) Official offering: 240 tonnes (down 61 tonnes)30 words
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Article119 1978-02-23 4 THE Bangkok rice market was closed yesterday. In HONGKONG yesterday, the market was steady, with prices up to $1 higher, dealers said. Turnover totalled 404 tonnes comprising Thais 118, Kwangtungs 190 and Australlas 90. The only arrival was 500 tonnes of Kwangtungs. (All prices in HK dollars per plcul119 words
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Article69 1978-02-23 4 THE Malaysian Minister of Finance has fixed these rates for the period from Feb. 23 until further notice: Duty rates: Rubber 203.25 cents a pound, Copra $909.41 a ton, Palm Kernel $239.03 a ton. Rates of duties payable are: Rubber 33 5/8 cents a pound, (Research Cess 169 words
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Article424 1978-02-23 4 TRADING was dull but steady at the Singapore produce market yesterday. Practically no sales were made by dealers due to lack of Inquiries from overseas. Those countries that were still in the market were quoting prices below those offered by sellers. Copra was steadier than coconut oil although424 words
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Article318 1978-02-23 4 ROBUSTA futures In London yesterday opened steady £20 to £2 up from Tuesday night's close. Turnover totalled «u lots. Values fluctuated in routine trading to end the opening session slightly below initially traded highs. March closed £20 up at £1,722 after trading at £1,730. Arabics futures opened $0.50 to318 words
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Article66 1978-02-23 4 C.I.F. US dollars per ton. LONDON: Malaysian 9% f fa bulk May Sumatra 5* fta bulk Feb March April May June June/July Taato Mflslr <10 sir 800/805 pd MO/MlHpd M7Vtpd 525 Dd 522". pd Pllll— Ml sir •10 air •00 slr/MO pd 540 sir 550 sir/542** pd 517.5066 words
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Article183 1978-02-23 4 TERMINAL cocoa in London yesterday finished an uneventful first call about in line with New York at £0.50 up to £2.50 down. Dealers said values were still fairly depressed by the weight of unsold West African origin main crop cocoa overhanging the market, possibly around 300,000 tonnes. Although the183 words
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Article247 1978-02-23 4 THE Btraits tin price in Penang rose MM per picul to $1,(574 yesterday. Turnover fell to 240 tonnes from Tuesday's 301. With London holding steady on Tuesday, the market edged higher on reduced offering by miners and some local dealer covering. In LONDON yesterday, tin gained £40 for247 words
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Article247 1978-02-23 4 AT END-morning sugar values were £0.20 to £0.85 higher in a turnover of 1,210 lots including nine options, in London. Market sources said the higher levels established after the opening rally were well maintained but activity was rather slow. This reflected some hesitancy in front of results from EEC247 words
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Article354 1978-02-23 4 THE sugar market was steady yesterday In very quiet trading, with turnover dropping to six lots from seven on Tuesday. May fell US0.01 cent, while the Hongkong daUy spot price rose 0.10 to 8.45. Open positions rose one to 96. Sugar futures closing prices: Osstaw Prsrisas Clssiag March354 words
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Article147 1978-02-23 4 SOYBEAN futures in Chicago burst out on Tuesday of their recent narrow trading range, advancing as much as 14 cents a bushel before closing 12 to eight cents higher. A flurry of short-cover-ing was generated by reports that Brasll has authorised soybean Imports to make up for corp deficiencies147 words
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Article86 1978-02-23 4 WHEAT futures In Chicago on Tuesday lost earlier gains as they finished the session one cent a bushel lower to 1/4 cent higher. Local selling induced by weakness In soybean futures took prices slightly lower In early trading but a firming In beans and commercial buying prompted short-covering which86 words
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Article380 1978-02-23 4 COPPER wlrebars in London yesterday finished with morning with gains of mostly £1.50. Pre-market values were steady on very light covering prompted by the New York close and a softer tone In sterling against the dollar. Three Months traded upto £644 but slipped back during ring and kerb dealings380 words
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Article142 1978-02-23 4 SILVER in London yesterday was 1.0 pence lower all round. Dealers attributed the movement to selling prompted by the late trend at New York and the barely steady tone in gold. Offerings In the ring however were fairly well absorbed at the lower levels. Carries accounted for about half142 words
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Article367 1978-02-23 4 THE kllobar in Singapore opened at S$ 13,571 and closed at $13,627. In the London market, the metal opened at US$lBO.BO/ 181.10 and rallied to a high of $181.85/ 182.15, after which the market eased off to $181.30/60 before recovering slightly to closed at $181.60^0. The London morning fix367 words
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Article64 1978-02-23 4 LEAD on the morning was down £0.50 for cash and unchanged for Three Months in London yesterday. Some early covering against modest Continental physical demand and the trend in copper boosted the pre-market where Three Months traded upto £294 per tonne. Lead on Tuesday rose by £4 per tonne64 words
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Article59 1978-02-23 4 ZINC finished with losses of t0.50 per tonne all round in London yesterday. This metal followed the generally steady trend la other base metals on the early pre-market with some covering support prompted by Amax zinc's suspended production at Its Sauget plant because of reduced energy supplies. On Tuesday,59 words
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MONEY AND EXCHANGES
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Article445 1978-02-23 4 THE US dollar recovered strongly from an initial weakness to close higher on the opening level on the forex market yesterday. The local money market saw a further weakening of rates and falls of about 1/8 per cent were recorded across the board for terms. The dollar opened445 words
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Article41 1978-02-23 4 J Citibank 7M hsbc 7 Bask of Amarica 7 lndoaucx 1% Bank of China 7 Malayan Baakmc 7 Miuui Bank 7 Bank Nagara OCBC •H OUB 7 UCB 7H Chaac Manhattan 1 L'MBC 7 DBS 7* UOB 741 words
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Article121 1978-02-23 4 Asian rates ASIAN currency dcpodt interbank rmlet u at cloae on Feb 22 L'8 Mkn (Spat* OH* BM .71/16 616/16 3/4 6 5/6 .71/1* 6 15/16 .7 va 7 1/4 .7 13/16 7 11/16 .7 16/16 713/16 .61/16 7 15/16 8w. Fr». (MIMtel DM. >rto«> ..1/16 31/16 .6/16 31/16 .11/16121 words
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Article49 1978-02-23 4 range of pncet ottered by dlacount houaet on Feb O Overnight J*W CHI depotftr 3W% Ctmtmg 3-Month Treasury bUU 3- Month Bank bill* 3- Month CD t-Month CD 1 VII 4 11/1* 5 S 7/16 3 1/1* 4 11/16 4 1/1 5 VII Source: National Discount Co. Ltd.49 words
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Article136 1978-02-23 4 Euro rates EURODOLLAR deposit* In London yesterday were adJusted lower in quiet tradbetween 5/16 and 1/16 point on the Friday dealing technicality. One month traded 5/16 lower at 6-3/4, 65/8 per cent while Three Months stood at 73/8, 7-1/4 per cent, lower by 1/8 point. Six Months was less affected136 words
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Article55 1978-02-23 4 THE MONETARY Authority of Singapore Invites banks and discount houses to tender a total of Bs3o million 91-day Treasury Bills to be Issued from Feb 27 to March 3 and a total of 8120 million 364-day Treasury Bills to be Issued on Feb 27. Each tender must55 words
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Article227 1978-02-23 4 THE US dollar firmed from early lows in moderately active trading as some Continental operators covered short positions while other operators took profits at current levels against major currencies. The Canadian dollar also strengthened. News coal mine operators agreed to resume talks with the United Mine Workers union after227 words
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Article112 1978-02-23 4 THE dollar on Tuesday closed weaker against major currencies in moderately active, nervous trading, amid concern about the lack of significant intervention by New York Federal Reserve Bank. Sterling, trading above $1.95 for a time, closed at 1.9495/9510, compared with Its opening 1.9440/50, while the Swiss franc firmed112 words
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Article138 1978-02-23 4 THE Canadian dollar firmed to a late U589.80/90 cents from New York's closing 89.49/51 on Finance Minister Jean Chretien's statement Canada will borrow abroad to finance Its current account deficit. Trading was relatively active for Hongkong, where normally, only small amounts of the currency are transacted. The US dollar138 words
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Article57 1978-02-23 4 AUBTRALIA/.NZ exchanges quotes on Feb 22: austraua US dollar 1.1408/1 1360 Sterling 0 5871/0 5803 Ninety-day air mail buying rate*: Sterling 0.6021 US dollar 1.1708 Ninety-day forward buying rawa: Sterling 0 MM US dollar 1.1371 NEW ZEALAND: Sterling 0 52*5/0 5251 US dollar 1 0303/***** Ninety-day airmail buying rate*57 words
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Article72 1978-02-23 4 ZURICH exchanges closing quotes on Feb 21: US 1 8325 8345 Sterling 3 5826 5874 Can 1 63M 6415 D Mk 88 6746 8184 D n 83.1830 3295 F Pr 38 0740 13*3 B Fr 5.730 7427 D Kr 32.5488 5831 N Kr 34 4082 4807 8 Kr 38.877472 words
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Article38 1978-02-23 4 FRANKFURT exchanges opening quotes on Feb 22: QUI 1.8300 m Bterttn 3.883/173 DPI 82.58/68 SPr 111.88/78 Ut 2 386/388 P Pr 42 3*42 N Kr 38.31/32 Belg (con) 6 38/48 Belg (fin) 6 38/38 Yen 6 8388/7838 words
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Article94 1978-02-23 4 THE US dollar for overnight delivery closed higher at 238.90 yen compared with a 238.40 opening and 238.80 at Tuesday's close, after active Bank of Japan Intervention. The Central Bank of Japan bought an estimated 250 million, mostly at 238.90 yen. In a determined effort to prevent the yen94 words
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Article301 1978-02-23 4 rnst«9%>C7 Courtauku K< M00 M.75 H00 M 75 EIBflg»SK r so M 25 ruoruitclOM. 87 100T5 101 so Inc9 92 MM n so IncoSw M M 00 M 75 SJjarbankernas 8V M.M 07 JO Shell 8»» 90 M M r m SNCTISM 18.87 M 12 HBIlB MM M 50301 words
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Page 4 Advertisements
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Advertisement152 1978-02-23 4 Don't let the language barrier stop you from wider contacts r XJI w r j m k\« Yf«£ > <• f >: a 0i n-'f lr ~A e >v ~pe";< PA-\ G^V° s t\.^ e ~->0 \e 11 vv V W 1 \W* YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use152 words
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TRANSPORT
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Article, Illustration895 1978-02-23 5 GOH ENG KEE - ®y GOH ENG KEE THE 325,738 dwt tanker, Venpet, which collided virtually head on with sister ship, Venoll off the Cape of Good Hope last Dec 16, Is expected to pass through Singapore next month. The tanker is being towed by the 18,000895 words
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Article905 1978-02-23 5 SOME fixtures were done at reasonable rates for local shippers. For example, a small parcel of 1,800 cu.m. was fixed for early March shipment from Singapore to New Zealand at lumpsum of US$lO5,OOO. Currently the shipping market may be called a shippers' paradise. The exchange has been905 words
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Article, Illustration404 1978-02-23 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Basca (HOFM) (0430) 23/24 Golden Season (0000 after Yamagato Maru) 44 Hoegh Opal (1300 after Alps Maru) 31/32 kosho Maru (JIET) (0800) 25/28 Noshlro Maru (JDXK) (0000 after Murrayeverett) Palm Sea Horse (Tanker) (1200 after Bhoko Maru P/O) 13/14 Zljln Shan (3EKS)404 words
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Article199 1978-02-23 5 AP TIME-CHARTERING «u the dominant feature on > Tuesday on a market made quiet by Monday's Washington's birthday holiday. South America continued to attract interest in both time-charter and single-voyage terms. Cobelfret booked the 47,180 dvt "St Aslmi" at US$3,OOO per day (or a February-March trip from RioAP - 199 words
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Article647 1978-02-23 5 AFP THE SAD state of the world shipbuilding industry is clearly revealed In statistics published by Lloyd's Register of Shipping yesterday, which show that shipyard orders at the end of last year were the lowest for over 10 years. Annual output was the smallest sinceAFP - 647 words
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Article703 1978-02-23 5 ARRIVALS Service Local Operator Number Ttoe From MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL QIA GA980 1030 HLP CPA CX710 1035 HLP SIA SQ103 1045 KUL SIA SQ20S 1045 HLP703 words
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Page 5 Advertisements
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Advertisement385 1978-02-23 5 6 M t X 94* i*tt* t ';u <, m\ 144 THE GREAT BOOKS OF WESTERN CTVILIZAnON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built385 words
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Article452 1978-02-23 6 THE EXPECTATION In the offshore oil Industry that exploration activity will pick up in this region will give the Republic's economic hopes an added boost. The offshore Industry has always been a major customer of Singapore firms. Its executives, Its supplies and Its equipment452 words
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Article258 1978-02-23 6 THE Singapore National Shippers' Council (SNSC) is understandably irate, Just as any consumer would be, at the increase in shipping freight rates on the Straits/US route. But it is a fact of life that expenses go up, ana prices with them. It Is another258 words
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Article, Illustration1892 1978-02-23 6 TERESA LIM - By TERESA LIM WHEN 5« year-old Ng Teow Yhee compares building up a business to building a house, he can stress the point literally. After all, Just 30 years ago he spent $500 on wood and attap and built himself1,892 words
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Page 6 Advertisements
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Advertisement109 1978-02-23 6 =}<@)(}$`&'=&`*$?(%."\;^"^&,>"( .smoapura FORUM U# HOTEL AOMtfMtfMw 1 innj. US Orchard Road, B'pore 9. Tel: *****2 Pebble Bar Come and be enchanted by the repertoire of the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till 2 am the Pebble Bar. Coffee Shop Our109 words
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Advertisement120 1978-02-23 6 408/407 Havelock Road, S'pore 3. Tel: 4IMBI lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Phillipines), Miss Tang *Ley Sonny Bala The New Moonglows, Anna Mina (-from Japan) and Lolus Tan L Limited 3 treat you to120 words
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Advertisement153 1978-02-23 6 Orcchid inn "•n oasis in tt»« orl««" 214 Dunetrn Road, S'pore 11. Tel: *****2 Mifey Dick (24 Br. Coffee Hnn) Whet your appetite with our wide variety of Inter-Continental food laid on our bufnt lunch table dally from 12.00 3.00 p.m.. Weekdays: Adults 98.00 3% Children $0.00 3% Weekends: Adults153 words
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Advertisement171 1978-02-23 6 Cockpit Sotrl %n OxWy RiW Pnu| Road, S'porc 9. IX: *****1 Chanticleer Rastaurant Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest Ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make your own kind171 words
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Advertisement162 1978-02-23 6 m SMGAPORE HLTDN 181 Orehtfd Road, S'pore 9. Tel: *****S Hin's Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours oT Singapore. Exotic Chinese cuisine; spicy Indian curries; delicate Malay and Indonesian foods. all under-one roof. During dinner, a troupe of local performers entertain162 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-02-23 6 WEATHER WE A THER outlook for Singapore from 6 a.m. to noon today: Mainly fair. REPORT for 24 hours prior to 7.30 pm on Feb 22 at the airport. Maximum Temperature 32.2° C Associated Humidity 58 Minimum Temperature 23.0° C Associated Humidity 95 Hours of Sunshine 8.75 Rainfall in Millimetres64 words
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Miscellaneous240 1978-02-23 6 SINGAPORE 5 3.00 P.M. Opening followed by Window (Chinese repeat) .J.3U Diary of Events (Chinese) 3.35 Eight Heroes of Shou Lin (Mandarin repeat) 4.20 Intermission 6.05 Opening followed by Lassie Perils of the Prairie 6.30 News in Brief 6.35 Warna-Warni (Malay repeat) 7.05 Candid Camera 7.30 News (Malay) 7.45 The240 words
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Article, Illustration1974 1978-02-23 7 RAY DAFTER - Britain's Burmah Oil has pulled itself together well -enough financially to set its sights on a North Sea Oil exploration licence, having been obliged to dispose of its North Sea assets dtfring its •recent painful period of 'reconstruction. The sixth round of licence allocation1,974 words
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Article, Illustration481 1978-02-23 7 J.WAS unkind to the PWD in -one of these columns earlier "this year, complaining "about the wide gaps between paving stones newly laid, at the Orange Grove Road/ Orchard Road/ Tanglin Road junctions for example and the perils they -present for pedestrians. I tiave now worked481 words
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Article1096 1978-02-23 7 FRANCOISE DUMOUSSAUD - i (FOBPM, f 0 D industry •y FRANCOISE DUMOUSSAUD A VISITOR passing through Singapore would easily conclude that the textile and garments sector was a strong and flourishing one in the Republic shopping centres are cluttered with clothes shops. But appearances are misleading, for the Industry Is1,096 words
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Page 7 Advertisements
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Advertisement382 1978-02-23 7 S8 i X HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8. HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1. HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads. Singapore 9 Tel:382 words
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Advertisement19 1978-02-23 7 KU2 From the House of Banfi Riunite Lambrusco The best selling wine in the world -now available in Singapore.19 words
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Page 7 Miscellaneous
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Miscellaneous80 1978-02-23 7 BriStoWvFranjc Dickens JCnSSSjMBI| U)£ P«c. ReTuRNItC, Twe OF YOUR COOK 'TVC. figncksm PffTpwe P(T FONBoyS P* BcTfcivJ unosABLC »F I mPS¥££) UttllE£ UMO SP»WS CXXaN TvAF. 04fVCXEU€fc »rJ "TWeDiMNG IS fV BL RBOrn THe Pv*\NT o tn THeoffeffcv FLP»G*fHpaw& ftS IT DOf S PX3ST OF Tut MCRfIOR STORES OFOUB NOUfc80 words
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INTERNATIONAL STOCK MARKETS
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Article591 1978-02-23 8 Tokyo Source: DBS Daiwa THE Tokyo stock market rallied yesterday, with interest focussed on electric power equipment Issues and pharmaceutical issues with new drugs. Although Eldal continued to decline, 11 yen to. declines of other structurally depressed Industries such as Sanko Steamship, Japan Line and Fujlsash eased.Source: DBS — Daiwa - 591 words
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Article174 1978-02-23 8 THE share market closed mixed yesterday, with oils posting only slight gains despite official confirmation of a commercial offshore find, dealers said. Commercials averages posted slight gains, while minings declined. Turnover rose to 2.99 million pesos from Tuesday's 2.68 million. Though Phil Overseas lost one point, Basic Petroleum gained174 words
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Article357 1978-02-23 8 Source: Sun Huang Kai Sec Ltd. THE market closed slightly easier In dull, featureless trading yesterday. Reports that some moderate overseas selling orders were in the market caused prices to retreat marginally in early trading. But towards lunchtime, some speculative interest ahead of the results season heralded by HangSource: Sun Huang Kai Sec Ltd. - 357 words
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Article63 1978-02-23 8 FINANCIAL TIMES INDUSTRIALS Tuesday 454.6 Monday 458.0 Week Ago 459.7 DOW JONES AVERAGE INDUSTRIALS Tuesday 749.31 Monday 752.69 Week Ago 765.16 LONDON DOLLAR PREMIUM -Tuesday 82 Wi to 82% Monday .82* to 82H H.K. HANG SENG Wednesday 409.48 Tuesday 410.81 Week Ago 405.74 SYDNEY INDUSTRIALS Wednesday 404.29 Tuesday63 words
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Article324 1978-02-23 8 THE stock market closed lower yesterday with BHP falling two cents to A*5.28. ACI two to 1.56 and the Wales four to 5.22, dealers said. Coal and Allied firmed eight to 3.90 on Its Warkworth goahead from the New South Wales government while Oakbridge fell four to I.SI ahead324 words
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Article346 1978-02-23 8 EUROPEAN MARKETS PRICES closed generally mixed on European bourse* on Tuesd*However. In Paris. prices firmed on the first day of the new account, which lasts until after the elections, dealers sakl. Dealers said disagreement between the socialist and communists continues to support the market. Many stocks rose five346 words
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Article240 1978-02-23 8 FEB XI Fl» Ahold wso -I Akxo 22 20 unch ABN Bank 345 00 -1 AMEV TO 40 -0.6 Amfaa 107 SO -0 5 Amrol Bank 71 40 ♦0.3 Bergo** 55 50 unch Berk 103 »0 1.7 Bo Is 71 00 +05 Borsumij 145 00 -1.5 Burhmann 66 20240 words
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Article181 1978-02-23 8 Source: Credit Suisse Corp FEB 11 Francs Actions Sulsaes 2M unch Alusulsse Br 1340 ♦10 Alusuisw RCf 552 ♦2 Brown Bovetl Br. irro 25 CibaOelgyBr 1325 -35 CibaOetfyPC MO unch Cite Oif> Rcf Credit Suisse Br 836 2S10 35 Credit Suisse Ret MO unch Beklrowatl Br. 1815 -15 GeorgeSource: Credit Suisse Corp - 181 words
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Article187 1978-02-23 8 FEB 21 Dm Aef-Telefunken Akxo All* Leben A1U Vers BASF Bay HT Wbank Bay Vbank Bayer BBC BMW Cassella Chem Verw Commerxbank ContiOummi Daimler-Bern Degussa Demag Deutache Bank Dresdner Bank Dt Texaco Dyckerhoff ST A Enka Glanxs Geisenberg OHH Hapag-Uoyd Harpener Hoechst Hoeach Horlen Kali Sail Kamadt KauRiof KHD187 words
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Article93 1978-02-23 8 FEB ri Tn FORWARD MARK ET Acec 227 •a Arbrt 2256 -> Astur 435 12 Brascan 428 -4 Brul-amb 1404 2 Canpac 489 unch Cock 370 -20 I> Been 185 -1 •IS Sotina 3005 Solvay A 2480 -i Tank* M unch U Mln 710 ♦4 V Mont 1338 -1393 words
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Article268 1978-02-23 8 FEB 21 rn CORBE1LLE Air-Uquld* 246 BSNOervmls Danon* 351 CSFtThomaonCsf) 141-SO Cle Francalae des Petrole* M Comptfnlc Flnandere Compagnle Qenerale 206 Credit Foncler t> Francf 204.00 Hat hell* (Llbralrte) 134.10 Machine*Bull 27 IS Mlchelln (B) 1100 ParlDai Ii5 00 Pechln*y Clflne Kuhlmann 70 Peugeot• 273.10 Philip* (NvOem Bexlt) SS268 words
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Article1245 1978-02-23 8 New York THE stock market went Into Its eighth straight decline on Tuesday as investors became Increasingly apprehensive about weakness or the dollar and prospects of large scale power cutbacks by utilities due to the coal strike. Analysts noted the dollar's drop on Monday to record levels1,245 words
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Article1533 1978-02-23 8 February 21 ON the Chicago Board Options Exchange, a total of 70,827 contracts changed hands compared with 77,518 contracts on Friday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel AmTd Am Tel AUR AUR AUR Avon Avon-P Aron A»on-P A»on A*on-P Bank Am Bank1,533 words
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Article246 1978-02-23 8 3HARE prices closed tower In fairly active trading on Tuesday. The composite index was off a fraction an* declines outnumbered advances 233 to 189. Bank of B.C. added V* to 27* on higher first quarter net but Norcen Energy dropped to 15* after reporting reduced year earnings. Domglas rose246 words
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Article238 1978-02-23 8 GOLD shares turned easier In line with lower bullion Indications after a higher opening on Tuesday, dealers said. Overseas interest was small and trading light with US investors out of the market for the day on accdunt of the holiday, they added Financial minings were mostly easier In sympathy238 words
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Page 8 Advertisements
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Advertisement326 1978-02-23 8 Sow boat sffilt tf *1 -as® CHINA TRADE QUARTERLY BT East Publications gj Hanglung Centre, Paterson Street, •Causeway Bay, Hong Kong. Please enter my full subscription to China Trade Quarterly. I am jjf enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. *•4 I Please forward issue(s) of326 words
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INTERNATIONAL COMPANY NEWS
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Article641 1978-02-23 9 NORTH AMERICAN COMPANIES NYT NEW YORK: Is rescue at hand for embattled United States manufacturers of Citizens Band radio equipment? If so, it will come at tf)e last possible moment. At present, there are four major United States manufacturers, one of which, Hy Oaln, hasNYT - 641 words
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Article230 1978-02-23 9 TENNECO Inc said In reporting higher 1977 fourth quarter and full year net It expects 1978 to be Its best year yet. It also said Its capital budget for 1978 will be US$9OO million, of which over half will be spent by Its Tenneco Oil Co230 words
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Article160 1978-02-23 9 AFP THE Ford Motor Company reported record profit* of US$l.7 billion and record receipts on iU worldwide sales of cars and trucks in 1977. Earlier this week. General Motors, the world's largest producer of motor vehicles, also announced record profits and sales. Ford's revenues last yearAFP - 160 words
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Article124 1978-02-23 9 B.F. GOODRICH Co. whtch had record earnings last year, said these results "do not reflect our full potential for the long-term." The previous record year was 1973 when the company earned U553.96 a share or $58.9 million on sales of $1.7 billion. The company said 1977124 words
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220 1978-02-23 9 EUROPEAN COMPANIES Reuter PEKING: Britain's Vickers Company has signed a £10 million contract with China to provide facilities to test components of Rolls-Royce Spey engines being built here, Vickers announced. The contract was signed last Friday between the design and projects division of'Vickers LimitedReuter - 220 words
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Article167 1978-02-23 9 Reuter PARIS: Creusot-Loire SA and Pechlney Uglne Kuhlmann SA subsidiary Uglne Aciers plan to merge their steel wire rod operations, industry sources said. Creusot-Loire will have a 60 per cent stake in the proposed Joint company and Uglne Aciers 40 per cent, they said. Spokesmen for theReuter - 167 words
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Article60 1978-02-23 9 REED International have announced pretax profit for nine months ended Dec 31 was £58.3 million (£54.3 million) on sales of £1.21 billion (£1.07 billion). Earnings per share stood at 14.7p (19.5p). Tax amounted to £35.9 million (£29.7million)leaving £22.4 million (£24.8 million) before minorities £8 million (£4.9 million).60 words
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Article57 1978-02-23 9 AFP STOCKHOLM: Volvo, the Swedish motor firm, Is on the point of signing a contract to deliver 700 heavy trucks to the China National Import and Export Company, Volvo announced. It will be the first time that Volvo has signed a direct deal with China. The value ofAFP - 57 words
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Article54 1978-02-23 9 LONDON: Guinness Peat Overseas announced It has been appointed by the Ltberlan government to manage the Llberian Rubber Processing Corporation in Obarnga under a five year general and technical management services contract. It is planned to develop the processing capacity of the two-year-old factory up to 7,000 tonnes54 words
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Article27 1978-02-23 9 OLIVETTI SPA, the Italian parent company of the electronics and engineering group, reported domestic sales Increases last year of 31 per cent to L 320 billion.27 words
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Article134 1978-02-23 9 SWEDISH Match Is incorporating Its loss-making Kubel factories In West Germany into a new building components division with a new managing director. It will have sales of around Kr.2 billion, or close to 40 per cent of group turnover. The move Is part of the restructuring undertaken134 words
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Article294 1978-02-23 9 ASIAN COMPANIES MANAGEMENT of AirIndia, the country's International airline, has been shaken by the Government's decision to dispense with the services of its chairman, Mr. J.R. Tata, who had been its head since it was nationalised in 1953. Mr. Tata Is chairman of the Tata group of294 words
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Article156 1978-02-23 9 Reuter TOKYO: Ricoh Co and Savin Business Machines of the US are renegotiating their business relationship, under which Savin sells on the US market Ricoh-manufactured copying machines, a Ricoh spokesman said. He said key problems Include licence royalty payments by Ricoh to Savin, and new product sales. TheReuter - 156 words
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Article96 1978-02-23 9 AFP CANBERRA: The Australian company, CSR has negotiated a letter of intent' with the Electric Power Development Company of Japan for the supply of an initial 200,000 tonnes of steaming coal a year from 1982. The contract will be on a continuing or "evergreen" basisAFP - 96 words
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Article59 1978-02-23 9 MELBOURNE: Australia and New Zealand Banking Group said Its shareholders approved proposed one-for-four bonus share Issue at an extraodlnary general meeting here. As previously reported, the issue will raise paid capital to 90.13 million Asl per shares for 72.10 million. Shareholders also approved raising authorised capital to59 words
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Article58 1978-02-23 9 BANK of East Asia an-' nounced a consolidated net profit after tax of HK530.82 million (HKJ24.94 million} for the year ended Dec 31, 1977. It has proposed a final dividend of $3.50 ($3,001, making a total of $5.00 ($4.50) for the year. Its annual general58 words
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Article179 1978-02-23 9 UPI TOKYO: A Japanese investment company for financing Brazilian agricultural development will be Inaugurated in Tokyo on March 27, an official of the Japan International Cooperation Agency said. Named the Japan-Brazil Agricultural Development Corp, the new firm will Invest in Companhia de Desen vol vlmen to AgrlcolaUPI - 179 words
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Page 9 Advertisements
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Advertisement146 1978-02-23 9 VV* f < 3 P&-:>£ 4 'i V -V*t V 3 r*. M v-r L> < -r.- hz£ -r«-?--V, s.y:'!: V' ii m° >/*■:* V v< V' i >, «w, 1 v... -J Jr; V. ■■> > V*- y> W&fcgri *3&jr& i \y*' M m-M z* *1 SINGAPORE •^i.l PROSPERITY146 words
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DEALS DONE ON THE SES AND KLSE
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Article1166 1978-02-23 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal1,166 words
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Article138 1978-02-23 10 4 J/4* 1/5/79 (250.000) (100.628 100.725) 5 1/4* 15/10/79 (250.000) (101.208 101.255) 6 3/4% 15/6/80 (250.000) (103.508 I04.00S) 4 3/4* 15/9/80 (250,000) (99.(508 99.705) 6 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) (101.55B) 5% T F 1/5/83 (250,000) (100.108 100.20S)138 words
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Article241 1978-02-23 10 B O T 8 1/2% 1961 (100,000) (100HB lOl'-aS) B O T 7 5/8% 1984 (100,000) (95*8 96' aS) B O T Floating 1984 (100,000) (99*8 99HS) C Itoh 8 1/8% 1984 (100,000) (95*8 96'/aS) LTCB J 1982 (100.000)(99'.B 100S) Credit Lyoonaia Floating 1983 (100.000) <98»aB 99>aS) DBS241 words
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Article303 1978-02-23 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. C* Storage (March $170) (0 238 0.315) (June »1.70) (0.268 0 358) C and C303 words
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Article1553 1978-02-23 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified industrials Acma (1 60S). Aiinamata (2.158) Alcom (2.668 2.6H5) (1) 26t A1,553 words
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Article170 1978-02-23 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMintfm' prim for Feb 23) (Current price*) The Commerce 177 188 INCOME BOND 1 09 1 16 The Saving Fund S pore Prog Fund 109 1.16 0 84 0 89 MARA BUMIPUTRA FIND iManacer*' arice* for Feb 23 S pore Security Fund170 words
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Article2376 1978-02-23 10 1977/1978 HiCk Low Compuy Last Sale +OCGr's Div Div CVT Gr's Y'ld Net P/E Vol C880) Day High Low SECTION ONE INDUSTRIALS 158 206 119 260 88* 219 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 A cma Alcom Allied Choc2,376 words
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Page 10 Advertisements
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Advertisement150 1978-02-23 10 The Love of ne Soking >V i*ei. V '.i -> ■t F t,S M> r, <r* -m ■I pi \ll Kenneth lo .j'. Konnoth Lo, tfw w*«-known Chin— cookory writer, Introducoo th* roodor to tfw tochnlquo* of O U A rftnUnn —l- 4^.1. wnintif cooKiog, ino 91VM M ins*gm vnvo150 words
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Article, Illustration536 1978-02-23 11 SINGAPORE IN LINE with weaker markets abroad, there was a general easing of the Singapore stock market in low volume yesterday. This was mitigated by a slight recovery among the speculative second-liners. The decline of prices was especially notable among finance and banking shares, a536 words
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570 1978-02-23 11 MIXED conditions ruled on the Kuala Lumpur Stock Exchange yesterday though 1 a change In sentiment in the afternoon helped most i counters to recoup some of their earlier losses. After a decidedly easier morning with opening i quotations dipping down- wards In line570 words
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108 1978-02-23 11 ESSO Production Malaysia has discovered oil and gas In the Irong exploration well located off the east coast of Peninsular Malaysia. The well, Irong No. 1, is the second exploration well completed by Esso on behalf of Petronas. Drilling on the Irong site,108 words
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Article81 1978-02-23 11 SENTOSA Plywood has recently announced a scrip Issue of one for three and a rights issue of three for five at $1 par and a special Issue of 500,000 shares to the bumlputras. In this connection, the Kuala Lumpur Stock Ex- change has written to Sentosa asking how81 words
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COMPANY NEWS
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Article187 1978-02-23 11 Current payment b Date Date payaUe Total for the year Total far Perlia Plaatatieaa C. Securities AyerMokk N8T D Keramat 8TP < 1975) Tlma PubUahia« Yeo Hiap 8en< M. Banking Taipiaf Coaaolidated Beau Kempti S.P. Textile K.L. Kepoac Alcorn Shaagri-La 12.5% Mm» 20% 25% 45%<n) 15% 17.5% 10%<b)187 words
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Article466 1978-02-23 11 MANO SABNANI - By MANO SABNANI UNITED Asbestos Cement has outlined the inevitable chain of events which led to the delay In advising the Kuala Lumpur Stock Exchange on Its Intention to offer special rights Issue to various bumiputra Investors. In its response to the KLSE's request for the466 words
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Article125 1978-02-23 11 THE Stock Exchange of Kuala Lumpur (KLSE) has written to Associated Plastic Industries (API) for more details relating to the recent sale of Its property in Petallng Jaya. API is asked to explain how the consideration of $665,000 was arrived at, what the terms125 words
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LATEST RESULTS
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Article67 1978-02-23 11 Group pre-tax profit Ms 27 million ($16.43 million) for the year ended Dec 31, 1977. Revenue $129.63 million ($50.68 million) consisting rubber and oil palm of $122.96 million ($46.64 million). Investment Income of $6.51 million ($3.79 million) and other Income of $155,000 ($245,000). Parent company pre-tax profit $18.9167 words
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Article29 1978-02-23 11 Pre-tax earnings for the 12 months ended Dec 31, 1977 M 57.13 million ($5.39 million). Sales $34 million ($23.39 million). Second interim dividends 15 per cent (same).29 words
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Article32 1978-02-23 11 Pre- tax profit for the 12 months ended Dec 31, 1977 M 5621,000 ($498,000) on sales of $2.96 million ($3.04 million). Second interim dividend 15 per cent (20 per cent).32 words
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Article248 1978-02-23 11 Dear Sir We read with much interest your article captioned "South Pacific Group Profit up 25 per cent" which appeared on your 15th February 1978 issue. In paragraph 6 of the article, you stated that "the belated approval of the CIC threw the cash flow plans248 words
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Article314 1978-02-23 11 THE continuous decline In the three days of trading in the Straits Times Industrial share Index after It had hit a year's high of 271.68 on Feb 15 was regarded as a healthy technical pullback by James Cowan Associates (JCA). This was especially so when the JCA Market314 words
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Article53 1978-02-23 11 IN OUR report. "Pan El Replies" (Business Times Feb 17. 1978), we reported that the net earnings per share of Amcol will improve by 37 cents and that the net asset backing will be 23.73 cents. The correct figures should be 0.37 and 26.03 cents, respectively. The53 words
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Article, Illustration745 1978-02-23 11 CHAN BONG SOO - By CHAN BONG SOO UNDER the new stewardship of a reshuffled board. Hytex just might steer Itself back Into the profit-making league for the financial year ended Sept 30. 1977. According to trade sources, group sales both In the domestic and overseas markets745 words
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COMPANY MEETINGS
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36 1978-02-23 11 An extraordinary general meeting of United AsbeatM Cement will be held on Friday, Feb 24 at the 12 floor. Fitzpatrick's Building, 86, Jalan Raja Chulan, Kuajq Lumpur at 11 am.36 words
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Article23 1978-02-23 11 F*t day. March 11 at the lMh floor, Shlng Kwan House 1 Shenton Way, Singapore 4 at 12 noon.23 words
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Page 11 Advertisements
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Advertisement215 1978-02-23 11 I I I I t 9 1 'W *7 Po <V OA A) s o^ %9 Ca °o 'Ok i «v> S/ M j <,♦ Directory of Singapore 1978 The most comprehensive index a guide to tfie business scene. The Straits Times Directory of Singapore 1978 more popularly known as215 words
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Article, Illustration1022 1978-02-23 12 RONNIE LIM - ■y RONNIE LIM THERE Is likely to be a steady increase In oil exploration in the region over the next two years, with activities hitting the 1970-72 level of 100 to 120 wells annually. This level of activity will keep 20 to 25 offshore1,022 words
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Article, Illustration395 1978-02-23 12 OIL PRICES will remain stable this year, according to an American banker, Robert Howard. And this situation, he maintained, will benefit the world economy by helping to curb high inflation growth. Mr. Howard is executive vice-president (lnternatlon operation) of the First City National395 words
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Article751 1978-02-23 12 LONDON. Wed. Stock prices dosed lower in light and nervous trading. At 3 p.m. the Financial Times index was down 5.7 at 448.9. Equities lost ground In early trading after news that OKN's proposed takeover of Sachs had been disallowed by the German Supreme Court and fears of751 words
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Article148 1978-02-23 12 Reuter ASEAN S attempts to establish regional Industrial projects in each member country has run into difficulties. Philippine President Marcos said after talks with visiting Thai Prime Minister Krlangsak Chamanand yesterday. "Nothing seems to be happening." he said. There are suggestions, however, that heads'of governmentsReuter - 148 words
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755 1978-02-23 12 Agencies JAPAN'S External Economic Affairs Minister Nobuhlko Ushlba called on Japanese car manufacturers to exercise discretion In sales to the US and the EEC, especially Britain. Replying to Parliament's Foreign Affairs Committee. Mr. Ushlba said he does not believe Britain will limit ImportsAgencies - 755 words
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Page 12 Advertisements
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Advertisement400 1978-02-23 12 SEE PAGES 2 and 6 A unique opportunity for international businessmen to discuss trilateral co-operation Asean-West Asia Investment Conference Kuala Lumpur, Malaysia, 9-10 March 1978 The Asean-West Asia Investment Conference will be of special interest to industrialists, bankers, investment specialists, entrepreneurs, senior executives and government officials from Asia and the400 words
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Article6170 1978-02-23 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 estimate dates of arrival and departure from Singapore port. t BcuDgtok faas a Joint ■errfa* arrangement6,170 words
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Article555 1978-02-23 13 AhU Shipping Sharlah Alpac Line Intraaea Algerian National lim b (CHAN) Unipacific Anhsing Une Strongwlll Angkutan Pert&mbangan Eastern Way Angkutan P. (COnt. Service) Straits Shipping Apl (American President Lines) iame i Arya National Shinning Ocean Shipping Australia Container Service Star Shipping Australian National Line > Jardlne555 words
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Page 13 Advertisements
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Advertisement0 1978-02-23 13 ,;\!|>]'~..];$&%-%'?~^!*!,<!+=]0 words
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Advertisement31 1978-02-23 13 Cool healthy pollution-free driving with ▲mAßuenu COOL. MASTER •CARAIRCONOmONER 1 *otow wmwi i we i ii i iii 60L0HH.L PLAZA. SINGAPORE I I TEL 240 LAVENDER STREET SINGAPORE J TELfIMM *****2931 words
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Page 14 Advertisements
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Advertisement590 1978-02-23 14 SHIPPIN IF Hapag-Lloyd FUU.Y CONTAINERISED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE Span rum P«" IT** H kwi B lawn to tamp Htfeatia 6/3 20/3 5/4 1/4 30/3 FriMMWn 12/3 29/3 11/4 16/4 6/4 9/4 'HLMMI 10/3 12/3 16/3 22/4 20/4 17/4 15/4 SapHa ■ifin 11/3 13/3 16/3 4/4 11/4 16/4590 words
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Advertisement801 1978-02-23 14 [CJ SANKYO LINEI AUSTRALIA SERVICE YU€ RIVER I* PORT THREE STAR 4/7 Mar SE ABLOOM 17/1$ Mar Swppon ln<im Hr. SAILED BRIS. SYD, MEL 2/3 Mar FREM. AOEI. MEL. 15/ IS MM AOEL. MEL. SYO BANGLADESH SERVICE SEABLOOM 24 Fofe IN PORT CHITTAGONG. CHALNA GENERAL AGENTS OCEAN SHIPPING t ENTERPRISES801 words
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Advertisement830 1978-02-23 14 SEA tLAND MID EAST SERVICE Dufc». Damnum Bandar Ab*•l Amm/Departs» MAR 6/6 MAR 25/26 APRIL 15/16 Rtfular Dry/R*tf*r tatUiner Umct to txs. Muscat, and Tehran. WORLD TIGER V 2 WORLD LION V 1 WORLD TIGER V 3 40TH FLOOR MONG LEONG BLDG, 16 MFFLES QUAT SINGAPORE 1 Customer Senrice Boc*.,ij830 words
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Advertisement737 1978-02-23 14 Everett Lines/ 1 Barn Fim Star Sliippim Cerpa. 'BURMESE NATIONAL LINE' UMMM Fo> RANGOON B F S S C Agents in Mmyw TEPS MALAYSIA Pot KeMng Tel 130) 7356 Peneng Ttf *****/***** Campania Aijantina Da Navaaaciaa latarcantiaaatal S. A. C.I. F. "ARGENtINE NATIONAL LINE" LOAOINC FOt DURBAN. CAPETOWN. RUINOS AIRES737 words
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Advertisement491 1978-02-23 14 MK3M \\W/* JARDINE ANTAII a: Orient Overseas Gonial*teA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) NEPTUNE COMI CM 27/2 chevalier noze m 4/3 neptune pearl m 9/3 MEBCATOR Ml 16/3 H KMC CONTAINERM 21/3 ORIENTAL CHIEF M 9/4 S SEAS BRIDGE 15* 15/4 So'tori LeHanre Hbuff Rdaff Antwerp 17/3491 words
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Advertisement968 1978-02-23 15 QCL Overseas Containers Limited L same n 00/cohtinejit. Ntari 21 Frt 21 Frt it Mar I Mar I Mar Mar 11 Mar 14 Mar i Mr 21 Mar 21 Mar M Mr II Mar 2B Mar 1» Mr NMHWM (VKSS 4 Mr M» MAM (AT II l» lit* I Mir968 words
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Advertisement1335 1978-02-23 15 Ben Ocean [put service of Ben Line. Blue FUnnei den Line and NSMO M/CMTiaiNT (M tmz) tea S-npjiyt P Ketanf Fi«ip| Earoo« OTESILAUS 2*/ 2 Mar It/12 Mar 1/ I Mar I Mr Bilbao. Amsterdam, Hemtarf Dvbl.K. Liverpool NUE */1* Mar tl/11 Mar I Mr L sban. Le-xoes, Hall. Earas*1,335 words
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Advertisement778 1978-02-23 15 BEN LINE r* M »u»c i Htna IMV MAm SCTON II lINH S.nppor* r.lllmi W. AnJr.i hwa limci *11 UH. i ScmHiwia lUIHI mil il >it IS ft* II Mar II Mar Ti Mar H Mar II Mar KASMCA I Bar Ulhr lln > l|t(l lf| Illb MMUN Hit* Hl**778 words
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Advertisement1078 1978-02-23 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA F*eOer *P. Relanf Vessel S pore 1) 21 «aa 3) Hfcurf 4) Cbg.| ruinsu a- > hiuwii I, i *«/1 n-i w« > (HANOI* 0/ I MO OIlfT 11/ l IV 1 JO 1 1/« V < iIIUON1,078 words
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Advertisement544 1978-02-23 15 GUTHRIE BOUSTEAD SHIPPING AGENCIES LOUS FOB E. i V AFRICA (LIVE BAM {Mauritius. Ramon. Mombasa. Tanga Durbar E.L., M.. CrfMl Penanj P Kcian, n/» Mar Sport 17/11 Iter FROM EAST I lI.TI AFRICA FOR UNMIW. tun ILI TESTBANI Penarf P Kelarj Spore it/IJ Frt LYKES ORIENT LIME express service Bitter544 words
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Advertisement1030 1978-02-23 16 miv cmtmousei samcs CKVAUER n* m xnw CttAL 7W CHEVALIER NZE TV KPYHME KARL W P. Kelang WERCATH K 25 Fet smtm cmtaiheh k t Mar MENTAL CHIEF 7E IS Mar SEVER SEAS MIKE 14C 25 Mar Acarrs. S'PHE HtPTHHE AttHCIES HE LIB tlft HMT. CP? MMc Mm M, Sfcpprt1,030 words
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Advertisement903 1978-02-23 16 JUMABHO* A SONS (f»TEI LTD T«| 9 91 251 1 S l.n«* ÜBAiOOLLA A CO SDN BHD Pon *»isn 9 Tel 388 lBb H JUVABMOV K SON M SDN BHD T«( *****6 8 SINGAPORE ISLANDS LIN, MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA *2L S'"* l903 words
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Advertisement985 1978-02-23 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: IB EUROPE W> Mtfl' fm P.MNNC (Tb*| Rna. CHEVALIER PAIL SaNO la Pal Hto V Mar U tor CHEVALIER PARI MM HEPTRNE C9MU 21 M CREVAIIER Hit 4 tor NEPTUNE PEARL I tor tul UlKim II tor KONCKONC COMTAIMEC 21 tor ORIENTAL CHIEF985 words
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Advertisement789 1978-02-23 16 M 7/7. MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BfRHAD TIL a SIM. EXPRESS FULLY CONTAINERISED SERVICE TC/FROM MED/CONTINENT/SCANOINAVIA -Accm.ot Imt tM|i tar InM M I HO CUT MUM U i"b»r| 2) xtwt M 4} SIUI r XcllDf Spot! Ml lILFT ta.MI IliM !»M twM b.M 1/1 la UUMIt b.M Sa.lal !l M789 words
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Advertisement676 1978-02-23 16 INTRASEA (PTE) LTD F abet House 34E Och.vc) R. „io S.m; t- T olephone js^6i' 3d4; I*Kansai Line STRAITS/AUSTRALIA SERVICE > S pore P. Kelang Loading for: Grace Adelaids 2 Mar 27 Fob Brisbane/ (Built July 1977) Adelaide. M/V Prairis 31 Mar 28 Mar do M/V Prairis 31 Mar 28676 words
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