The Business Times, 1 March 1978

Microfilm: NL9627
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, MARCH i, 1978 50CENTS
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  • BRIEFLY...
    • Article
      Lock icon Hongkong's budget
      63 1 Reuter HONGKONG, Tues. Analysts here expect Hongkong Financial Secretary Philip HaddonCave to announce no major fiscal changes In tomorrow's budget speech for the 1978/79 financial year beginning April 1. They foresee no significant changes In corporate or personal taxation, but say minor Increases In Indirect taxes, for example
      Reuter  -  63 words
    • Article
      Lock icon Forces on alert
      78 1 UPI KUALA LUMPUR, Tues. Police and military forces were placed on alert and many streets In the capital were deserted unusually early during nightfall following a court order today for the arrest of former Selangor Chief Minister Harun Idris to serve a Jail sentence. The police had
      UPI  -  78 words
    • Article
      Lock icon Indian gold sales
      67 1 Reuter NEW DELHI, Tues. The Indian government announced tonight plans to sell off part of Its gold reserves at International prices to combat gold smuggling and help meet a large projected budget deficit. Finance Minister H.M. Patel, presenting the annual budget for the 1978-79 financial year starting
      Reuter  -  67 words
    • Article
      Lock icon Reward rumpus
      72 1 Reuter CANBERRA, Tues. The Labour opposition today charged that Australia's former GovernorGeneral, Sir John Kerr, had been rewarded with a pay-off of A 5140,000 (*****,400) a year diplomatic sinecure In Paris by Prime Minister Malcome Fraser. Labour mounted a full-scale attack In Parliament against the appointment of Sir
      Reuter  -  72 words
    • Article
      Lock icon What China needs
      30 1 AFP HONGKONG, Tues. Chinese Minister of Petroleum and Chemical Industries Kang Shlhen stressed the use of advanced world technology to accelerate development of China's oil industry. AFP.
      AFP  -  30 words
    • Article
      Lock icon Tokyo's promise
      58 1 Reuter TOKYO. Tues. As warnings were repeated today of a possible trade war against Japan, the government promised to control car exports to Britain. Officials also announced that Japanese Prime Minister Takeo Fukuda would meet President Carter in Washington on May 3 for a summit at which world
      Reuter  -  58 words
    • Article
      Lock icon Textile pact
      35 1 Reuter TAIPEH, Tues. The textile Industry here has reacted favourably to the new agreement between the United States and Taiwan, but garment manufacturers said today they still do not know the details. Reuter.
      Reuter  -  35 words
    • Article
      Lock icon Dow Jones
      80 1 UPI NEW YORK, Tues. A weaker dollar In foreign exchange trading was a major Ingredient In turning stock prices lower during first-hour trading today on the New York Stock Exchange. The dollar's fairly sharp decline In trading on European exchange markets was particularly depressing In light of Its
      UPI  -  80 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      121 1 Rises Most active MalakofT 219 15 H&rlmau UIC Bowtatd 243 +7 175,000 231 +7 F. Merlin 158.000 OCBC 580 +5 API 157,000 NST 505 +5 Pahang Cons 117,000 Rahman Hyd 312 +4 Total Turnover: 1.77 M Bousteadco 165 +3 Total Value: $2.67 M BRaya 160 +3 Sea
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    • Article, Illustration
      In Kuala Lumpur
      142 1 Rises Indices Malakoff 2.19 Dunloplnd. 4.28 Boustead 2.37 Supreme Corp 2.87 Foils 1st and Pen 2.24 Berjuntai 7.50 Pacific Dev 2 80 +.09 .08 +.07 +.07 -.05 -.06 -.04 B.T. Index: Industrials: Finance: Hotels: Properties: Tins: S rubbers: Feb 27 777.83 294.75 370.46 186.86 155.31 157.57 365.92
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  • Article, Illustration
    Thumbs-up for budget proposals
    970 1  -  BIG THANK YOU' PROM BUSINESS By SOH TIANG KENG THIS was the budget everyone wanted but never dared to hope for, it seems. Yesterday, big business said "Thank you" to the Finance Minister for handing it to them on a silver platter. Leaders of manufacturing, trade
    970 words
  • Article
    HSBC SETS CRACKING PACE
    106 1 HONO KONG and Shanghai Banking Corporation has set a profit pace for regional banks that others will find hard to match. Net consolidated profits of the group that takes in the bank of the same name soared by 33 per cent to HKSS22 million in 1977.
    106 words
  • Article
    The road to regional reinsurance hub
    627 1 SINGAPORE'S insurers and reinsurers yesterday said that the tax concession on dividends paid out of offshore reinsurance profits of insurance companies based here will go a long way towards building up the Republic as a key reinsurance centre In the region. The concession, made
    627 words
  • Article
    Consultants' views
    258 1 REACTION to the proposed tax concession of 20 per cent for a period of five years for consultancy services dealing with offshore business In new spheres of activity has been one of general uncertainty, mixed with a dash of optimism. Consultancy services must have a minimum annual turnover
    258 words
  • Article
    Stock market takes proposals in its stride
    317 1 THE stock exchange virtually ignored the implication! of the budcet yesterday. The general tone was C'etly easy and counters t posted gains enjoyed only mild support. Mr. Tang Wee Loke of Kay Hian believes the budget is essentially a bullish one. "With the
    317 words
  • Article
    SHIPPING PAGES
    86 1 THB Singapore Shipowners Association and the HHmimw skipping Association, in agreement with the Straits Timet and Business Times, have dsddsd to transfer the daily shipping pages from the Straits Times to Business Times. From today, those pages will cease to appear in the Straits Times and instead will
    86 words
  • Article
    NCB's issue strictly for Asians
    474 1  -  •y COLIN CHEE NIPPON CREDIT Bank's US$2O million five-year floating rate note, Is an Asian issue for Asians and by Asians. Perhaps it Is one of the most slfnlficant development In the Asian dollar bond market.' The issue agreement was signed here yesterday Lead managed
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      34 1 whatever you need in menswear, get it at... [Mm MOHAN'S DEPT STORE (PTE) LTD. 321, Octv»rd Road "Re* *****22 I vnext 10 Manoarm now j Branch 101,lin9lw8hoppiH9 Csntiw J* *****40 Oaity:9am-9pm SEE BACK PAGE
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    • Advertisement
      Page 1 Advertisements Column 2
      39 1 CITROEN CX 2400 PALLAS has proved to be such a cartough efficient elegant >■ m i taji HEfIRV OTIG BGEntIES PTE. LTD BRUNEI AGENT REI IA NC fc DISTRIBUTORS 144 6 JAIAN CHtvAJtHSAMDAH SFRi BEG AW AN BRUNEI TEL *****
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      Page 1 Advertisements Column 3
      61 1 imiQa SHIPPING TIMES MALAYSIA la SLOW itea tamker dot FELScautfc oat of the ACCOUNTING ram is tl pay-off game DU PONT takaa a knock IMPACT of budget oa IS SIME Darby boyi THINKING abeot tbe tklak- SKILLED Tbal workers for taak I Singapore MKMOPAD 2, CROSSWORDS S, AIRCRAFT SCHEDULE S.
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      Page 1 Advertisements Column 4
      51 1 LANIER COURIER the perfect secretary.... J U2Vi~wtde 10 OZ. wt. works 24 hours day and never grumbles Soto AgantDONß*. 'ASIAN O.*. S •ertwy sssrs^^-siM' s?v. Singapo*** Hyatt. 16 y**»"* l*h*l<» bl*ml*"y» 11 W« hop* ~mU«r Congr*** m Asl«sm y<»« ,h n Your* «ru J METIS-/-* ouwem ecTOB «■>• T -mi.
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      206 2 COURSES AND TALKS DATES TITLE LOCATION ORGANIS Feb 13 Administrative Mar 31 management YWCA, Marine Parade University of Singapore Mar 1.2 Maximising profitability from major customers Hilton Consulasla Mar 2 Effective Personnel Management Hilton P.O.D. Mar 4 11 Business strategy: Formulation and Implementation SIM Conference Room SIM 4
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    • Article
      KL recognises role of foreign investors
      825 2  -  By RONNIE LIM MALAYSIA recognises the need for foreign capital ana technology investments for industrial development although it realises that local investments are equally if not more important, said the Malaysian Deputy Minister for Trade and Industry, Enclk Abdul Manan bin Othman. The minister,
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    • Article
      Swiss investment given a boost in Malaysia
      204 2 SWITZERLAND hopes to step up Its private Investments in Malaysia after signing an Investment guarantee agreement between the two countries last Wednesday, Deputy Minister of Trade and Industry Lew Sip Hon said yesterday. He added that the Swiss were interested in machinery, chemical,
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    • Article
      Market for quality insulation materials
      197 2 SINGAPORE'S demand for linings and insulation material is becoming Increasingly sophisticated, according to a local agent. Mr. Herbert Loke of Slme Darby, agents of a range of insulation materials said that local buyers have become more selective, demanding higher quality from overseas suppliers. To meet
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    • Article
      BOA exec due here
      84 2 BANK of America's vicepresident (or Its Asia Division, Mr. Eric Ha yd en, will visit Singapore from March 5 to 8 as put of a series of visits to Asian countries. Mr. Hay den, who Is also the bank's senior economist Is responsible for Interpreting financial
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    • Article
      The top T-shirt
      57 2 THE SCIENCE Council of Singapore is organising the Top of the Trade competition for this year. In conjunction with this, It will hold a T-shirt design contest in March, open only to trainees of vocational Institutes. The winning design will be printed on T-shirts which will then
      57 words
    • Article
      Monotone for phones
      45 2 THE Telecommunication Authority of Singapore will be standardising the telephone dial tone on Saturday at 9 pm. It affects automatic mobile and dial telephones only. With the standardisation, all dial and mobile telephones will have the same pitch as push button sets.
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    • Article
      Hope lies in fine furniture market
      601 2  -  »y GOH ENG KEE SINGAPORE will in future have to enter Into secondary or tertiary Umber processing to produce high-quality, high-yield wood items like wood mouldings and furniture for export. This Is an inevitable development since the Republic has no forest resources and in
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    • Article
      Lock icon Hanoi buys steel from Japan
      240 2 Reuter SIX leading Japanese steel firms have signed a threeyear agreement In Hanoi to export a total of 200,000 tonnes of steel products to Vietnam annually from next April. Nippon Steel Corporation said yesterday the agreement between Vietnam's Mineral Export and Import Corporation and a
      Reuter  -  240 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      201 2 ingapore's business world at your fingertips... flHiI P". jgjjf p4/> 00/ *c/ <v 0/ S <V, \9 3"^ 'rt .v< <>' $36 J Ik The Straits Times Directory of Singaporel97B more popularly known as the'Buku Merah', carries more than 27,000 entries cowering over 1,500 categories of business. A thorough and
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      599 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Chest expander! (6) 7 A cue in position (8) 8 Members of a no-legged race? (4) 18 Programme set In lake on which there's a ship (8) 11 Justified being given a high position (8) 14 Shut up a crack (3) 18 Bird not
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  • OVERSEAS
    • Article
      Lock icon Crucial factor in maintaining oil pricing in dollars
      637 3 Reuter IRAN indicated on Monday that US success or failure in stemming the decline of the dollar could be a crucial factor in whether oil exporting nations continue to fix oil prices In dollars. After a one-hour meeting with Treasury Secretary Michael
      Reuter  -  637 words
    • Article
      Lock icon Recovery in Australia clouded
      304 3 Reuter THE pattern of economic recovery in Australia remains uneven and subdued with future prospects clouded by potentially incompatible pressures. The Australia and New Zealand Banking Group (ANZ Bank) said in Its February "Business Indicators" in Melbourne, there have been significant areas of progress but several
      Reuter  -  304 words
    • Article
      Lock icon US January budget deficit lower
      115 3 Reuter THE US government ran a U553.72 billion (558.56 billion) deficit in January compared with a $4.85 billion deficit in December and a $2.66 billion deficit in January, 1977 the Treasury said. January outlays fell to $36.92 billion from $37.65 billion In December compared with
      Reuter  -  115 words
    • Article
      Lock icon Money supply rises at slower pace
      239 3 Reuter AUSTRALIA'B seasonally adjusted total money supply, M-3, rose A$SO million to $38.16 billion (8199.97 billion) in January compared with an upward revised $205 million rise to 938.11 billion last December, and a 9292 million rise to $36.16 billion in January, 1977, the Reserve
      Reuter  -  239 words
    • WORLD IN BRIEF
      • Article
        Lock icon LIFELINE FOR ZAIRE
        570 3 Agencies AN International banking syndicate of 37 US. European and Japanese banks will provide a US$25O million (*****.5 million) loan to the virtually insolvent African state of Zaire, monetary sources said. The credit will be used for buying materials for economic development. The five-year credit will carry
        Agencies  -  570 words
    • Article
      Lock icon Iran's oil sale falls sharply
      305 3 AP IRAN'S oil exports declined sharply In January but an Increase Is expected for February. January shipments were listed at 4.5 million barrels per day, compared with 6.4 million barrels per day In December, official figures show. On reports that Iran may shave prices of
      AP  -  305 words
    • Article
      Energy outlook bleak
      131 3 PROSPECTS are the world's energy demands will not be met by the end of the century, a study of the United Nations Economic Commission for Europe (BCE) says. It says energy policies ao far adopted could keep economies going, up to the end of the century, provided
      131 words
    • Article
      Lock icon Bonn will not plug inflow of foreign capital
      725 3 AP Reuter WEST German officials said on Monday they had no Jilans to limit foreign capital ollowlng Switzerland's decision to do so. But some currency dealers said Bonn may have no choice. "They have to do something with the money supply," said
      AP; Reuter  -  725 words
    • Article
      Lock icon Upward pressure on rates may ease
      198 3 Reuter UPWARD pressure on US Interest rates may slacken in the coming months, while British rates may stabilise and German rates may continue lower. US rates may slacken after a sharp January rise, barring any further substantial weakening in the dollar, the OECD said
      Reuter  -  198 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      185 3 How well do you know your Australian Birds? The Qantastic 'One stop to London'bird. 4 services a week, every Monday, Tuesday, Thursday, Saturday al 9.45pm Qantas introduces a very special bird to Singapore. The Qantastic 'One Stop 1 London' bird. Taking off four times a week, every Monday, Tuesday, Thursday
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      486 4 OPENING prices In Singapore yesterday were marked up slightly following higher London advices but later retreated slightly on lack of follow-through and some long liquidation of March One RSS. Volume was light, dealers said. The morning market closed slightly higher with March One RSS buyers
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    • Article
      RAS PRICES
      301 4 Prices in cent* per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers 8ellers Int. 1 R.S.8. prompt f.o.b. Int. 1 R.S.S. March 205.00 206.50N 205.75 206.2SN 206.00 206.50 206.75 206.25 Int. I R.S.S. April 205.25 205.75 206.00 206.50 Int. 2 R.S.S. 200 00 201.00N 200.50
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    • Article
      SSR AND SMR
      85 4 NOON SSR and SMR prices yesterday: BAH Mai _(Cw «k Nik) April (Forward Mtfc) (carta nrkf) (ca ■tapvkg) SSR 20 88R50 MSKLB (1-ton pallet) (1-ton pallet) 194.00 102.00 196.00N 194.00N 195.00 193.00 197.00N 195.00N SMR5CV SMR 3L SMR 3 ■SMR 10 8MRX SMR SO (1-ton pallet) (1-ton
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    • Article
      Closing prices
      30 4 Rubber: Feb 28 Singapore: March 206.75 cents (up 1.25 cents) Malaysia: March 206.75 cents (up 1.25 cents) Till: f1,«67 (up 10) Official offering: 300 tonne* (up 170 tonne*)
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    • Article
      Rice
      200 4 BANGKOK rice prices were quoted unchanged as follows yesterday: (In US dollars per tonne fob. basts Bangkok) While Rice: 100 pel Ist Class 407.100 pet 2nd Class 302. 100 pet 3rd Class 387. S pet 378. 10 pet 385. IS pet 382. 20 pet 357. 25 pet 352. 35
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    • Article
      Produce exchange
      417 4 COFFEE prices took a slight dip in a quiet and otherwise steady Singapore produce market yesterday. All grades of coffee were marked down $5 a plcul by the Singapore Chinese Produce Exchange with the top grade AP 1 to $450 per plcul f.o.b. Nervousness concerning the pricing and
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    • Article
      Coffee
      283 4 ROBUSTA futures In London yesterday opened officially "steady*" but £23 to £5 per tonne down from Monday night In sales of 300 lots. There was good two-way trade and commissionhouse interest. Spot March lost £23 while deferred Months were up to £5 lower. Dealers said opening losses were largely
      283 words
    • Article
      Palm oil
      68 4 C.I.F US dollar per ton. LONDON: Malaysia SH f fa bulk May M6alr Sumatra 5* f fa Feb S2S sir March 605alr April 960 air May 550 air June unch June/July unch Nljerla 5% ffa bulk unq ROTTERDAM: Sumatra March 815 sir Zaire (Belg franca per kilo) unq
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    • Article
      Cocoa
      205 4 TERMINAL cocoa In London yesterday gained up to £27 against New York during the opening call but failed to hold the advance as Jobber profit-taking and belated hedging began to build up. Sentiment was still bulllshly affected by last week's report of Eastern European and Soviet buying or Nigerian
      205 words
    • Article
      Straits tin
      261 4 THE STRAITS tin price In Penang yesterday rose Mf 10 to $1,657 per picul, on an official offering up 170 tonnes to 380 tonnes The continued rise was attributed to firmer overnight conditions on the London Metal Exchange and further demand from the US and Japan, dealers said.
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    • Article
      Sugar
      233 4 TERMINAL sugar finished the morning in London yesterday with losses from Monday of £1.00 to £0.65. but fractionally up from the session's lows. Turnover totalled 1,248 lots including 10 options. Sentiment was Influenced by the repeated denial by the USSR of recent Soviet purchases of between 500,000 and one
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    • Article
      Hongkong comex
      224 4 THE sugar market closed yesterday In very quiet trading with turnover falling to a record low of four lots from five on Monday. Prices were quoted slightly weaker with July the major loser down USO. 15 cents. One lot was traded In July and three in the now
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    • Article
      SPOT PRICES
      200 4 YARN and cotton In Hongkong dollars, sport ex-godown lotion Yarm: China Blue Phoenix 20 s 1,750. 32 s 2.000. 40 s 2.179 (per bale of 400 lbs). Pioee Cut: China Butterfly and Olobe Brand unq. Dragon Head una. Flee Lambs una. Flower and Butterfly unq. Flying Geese unq
      200 words
    • Article
      Soybean
      180 4 SOYBEAN futures posted losses of 5Vi to three cents a bushel at the close on Monday in Chicago. There was little buying interest at the opening and commercial selling added to early market easiness. Liquidation pressed the March ahead of deliveries and prices weakened further as selling was prompted
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    • Article
      Wheat
      90 4 WHEAT futures closed Just off the day's lows, registering losses of 2-3/4 to 1-3/4 cents a bushel In Chicago on Monday. With little buying Interest In the early dealings, the market started on a downward path as prices eased under local and commission house selling. Commission house stop-loss li-
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    • Article
      Copper
      293 4 COPPER wlrebars finished the morning in London yesterday showing gains of mostly £1. The market was fairly subdued with scattered short-covering giving values a lift Initially although profit-taking pared the advance during small-scale ring dealings. Outside activity remained only routine, dealers said, with the firmness in gold probably aiding
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    • Article
      Silver
      243 4 SILVER rose 0.2 pence all round In London yesterday. The market traded quietly in a narrow range with the firmness in gold the main supporting influence, trade sources said. Carries formed about half the turnover of 61 lots. On Monday, sliver on the LME rose by 1.1 to 1.3
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    • Article
      Gold
      367 4 THE KILOBAR In Singapore yesterday opened at 5513,668 and closed lower at 5113.586. In the London market, the metal opened at a high of U*****.20/50 and drifted off to close at a low of U*****.45/181.75. The London morning gold fix was US$lB2.OO, up $1.20 on the previous fix. Source:
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    • Article
      Lead
      69 4 LEAD closed the morning in London yesterday with gains of mostly t'2.50. After pausing on the early pre-market, values advanced as short-covering and continued heavy buying of cash metal, which dealers ascribed to producer Interest, gave follow-through support to Monday's trend. On Monday, lead rose by C 13.75 for
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    • Article
      Zinc
      84 4 ZINC finished the morning in London yesterday with gains of L 2.25 for cash and t'2.50 for Three Months. The metal was marked up in sympathy with the general trend but a lack of fresh trading incentives limited the turnover in the ring to 750 tonnes. On Monday, zinc
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    • MONEY AND EXCHANGES
      • Article
        Singapore market
        505 4 THE U8 dollar yesterday continued to fluctuate In Singapore's foreign exchange market amidst growing uncertainty about the toughness of US policy In the support of dollars. Against the Japanese yen, the dollar opened at 238.80/00 In the morning and was traded to the 238.60/80 level by about lunch
        505 words
      • Article
        Minimum lending rates
        72 4 THE AVERAGE prime rate of banks ia BUfapor»itudi •round 7 por cent, with Um run nulai bstnssn CM por coot and 7 W per onL Oversea-Chineee Banking Corporation Is at Ik* lower ead of Um range wkilo a number «T baaks. hwHMHwg Citibank aadDeveiopment Bank of Singapore,
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      • Article
        Asian $ rates
        146 4 Asian rates ASIAN currency deposit Interbank nttee as at cloa* on rib 36 US Dalian (Spat) OChr BW 7 day* 1 67/3 1 mth 71/16 #15/1# 2 mtlu 71/4 71/3 3 mth* 71/3 7M 8 mth* 7 13/16 711/1* mttu 7 15/16 7 1 J/16 13 mtlu 77/1 9m. Ftm.
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      • Article
        Discount
        42 4 RANGE of price* offered by discount houses on Feb 2S Overnight 3 i/«% CUt demit 3 1/4H 3-Month TreMuryMU 3-Month Bank Mils 3-Month CD 6-MoMhCD 1 31/4 415/16 5 3/16 91/3 31/6 413/16 Sl/M 5 J/6 Source: National Discount Co. Ltd.
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      • Article
        Euro $ rates
        108 4 Euro rates TRADING was generally light In London yesterday and rates softened where changed. Pour Months to One Year period rates eased by 1/16 apiece while Three Months rose by 1/8 on a Friday end. Day-to-day ratee showed no chance from Monday's closing levels with Overnight and Wed/Thurs both quoted
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      • Article
        Frankfurt
        41 4 FRANKFURT exchanges opening quotes on Feb 28: US 2 9440/80 (JOMS/40) CW) 1 8300/30 Stf 3 940/990 DTI H.M/6S Sir 100.M/100.19 Ut 218/40 rrr 42 7VU N Kr 30 30/40 B rr (con) 4 434/445 BP* (fin) 0.43/44 Ten 0.M70/M
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      • Article
        London
        173 4 THE US dollar yesterday drifted lower In subdued early trading while the French franc neld firm. Dealers said a possible background dollar depressant was Monday's news that the Iranian Finance Minister had said his nation favours a review of pricing Opec oil in dollars. The US currency traded around
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      • Article
        New York
        171 4 THE DOLLAR closed moderately weaker on Monday after falling from Its highest levels of the day which it had reached on news that Switzerland was taking additional measures to stem the rise in the Swiss franc. The dollar declined primarily on a statement by the Iranian Finance Minister
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      • Article
        Hongkong
        140 4 THE US dollar closed firmer against Continental currencies in moderately large volume yesterday. Profit-taking, partly on European account late In the Hongkkong trading day, reversed an earlier weakness in the US unit. It closed at 2.0445/55 marks compared with its New York overnight close of 2.0427 midpoint equivalent and
        140 words
      • Article
        Tokyo
        103 4 THE DOLLAR for overnight delivery yesterday closed at 238.83 yen, up from a 238.80 opening and 238.30 at Monday's close. Trading was light with volume US$292 million. Some dealers said they believe the Bank of Japan bought a small amount of dollars, but could not say how much. Other
        103 words
      • Article
        Zurich
        73 4 ZURICH exchanges closing quotes on Feb. 27: U8 ***** WOO Stc 3 8317 M 33 Can 1.M7 Mil DUkll Ol 9010 D n 85 8631 8810 r rr 31 1808 3147 B rr ***** 1244 D Kr 33 5101 8783 N Kr 35 2297 3385 8 Kr 40 7423
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      • Article
        Australia/NZ
        51 4 AUSTRALIA/NZ exchanges on Peb 28: AUSTRALIA: U8 dollar 1.1388 1.1941 Stertlnc 0.9001 0 9824 Ninety-day air mall buying rale*: Stertlnf 0.0012 US doUar 1.1900 Ninety-day forward buyine rates: Bterttnc 0.800 US doUar 1.1888 NEW ZEALAND: Stertlnc 0.9207 0 9200 US doUar 1 0283 ***** Ninety -da jMUnwaO buylnc rates:
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      • Article
        Eurobonds
        349 4 THE EUROBOND market In London yesterday was relatively active and slightly firmer in the morning. Straight* BU Offer FFISt«9*87 98 00 96.75 Courtaulds KfHIt EIB »lg 9W 92 88.50 97 25 97.75 96 50 Flsons st< 10W 87 101.12 101 87 Inco9 92 98.82 97.12 Inco 8W 84 88.75
        349 words
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      Page 4 Advertisements Column 1
      155 4 >¥ Don't let the language barrier stop you from wider contacts *> vOl ri* i H v V: > 0 <vj VP >; m ■>■ c\^° /•v.; y v \e> I w«§ e* 4 *v^ e V>P^ o° *V* e \N %o A \c£» 6 w *3 j£ YOU SIMPLY
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  • TRANSPORT
    • Article, Illustration
      MANDATORY SLOW STEAMING IS BEST
      1366 5 TERESA LIM examines a new proposal on solving the tanker surplus in the second of a two-part report on the current glut in capacity. THE distinct possibility of a continuing surplus In the tanker market is widely recognised and there has been no shortage of
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    • Article
      FAR EAST FREIGHTS
      824 5 REGIONALLY there are more movements with freight rates for shippers continuing to be very attractive. World-wide and regional trade can expand from Asia when shippers realise that they can obtain very good rates. Disbursements by ship owners are still too high however, for example, an Asian government
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    • Article
      Lock icon LONDON FREIGHT
      203 5 AP SHIPOWNERS' fortunes tended to Improve In the Far East where keen demand on a time-charter basis enhanced rate prospects both for large bulkers and for vessels of about 14,000 to 15,000 tones on the London freight market on Monday. In the large size category, the 74,422-dwt Fernle
      AP  -  203 words
    • Article, Illustration
      SHIPS IN PORT
      374 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Alaskan Mall (after Nedlloyd Wlllemskerk) 8./9 Bunga Setawar (2300 After Lenlnogorsk) 18 Eastern Mercury (3EIW) (1700) 19 Ende (1900 after Sumber Tunas VI) 22 Golden Jade (1500) 15/16 3/4*edll°yd Algoa HOOO) Ocean Supply (B. Barge) (0800) 48 PA SIR PANJANG WHARVES Builder
      374 words
    • Article
      FELS cautious against offshore optimism
      214 5 THE chairman of Far EastLevingston Shipbuilding (FELS). Mr. P.H. Meadows, cautioned yesterday against over-opti-mism regarding developments in offshore oil exploration in South-east Asia. He warned against "too great expectations for South-east Asia", but said the developments now taking place are nevertheless positive and that the
      214 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      722 5 ARRIVALS Service U Ktl Operator Number Time From AI AI405 0210 PER TMA TL304B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH62I 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP CPA CX710 1035
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      Page 5 Advertisements Column 1
      55 5 "State mi WmCHul" Vey: 18 urM 25th February, 1978. •t PAA. (Mm No. 18. Qeneral Survey of damaged cargo ex the above Teasel will be held on Friday 3rd March, 1878, as from 9.00 a.m. to 5.00 p.m. No further surrey will be held after this date. B. JUMABHOY ft
      55 words
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      Page 5 Advertisements Column 2
      364 5 -f J Call us for your local or -M onward reservations Rent-a-Car SINGAPORE AIRPORT TEL *****5 fV CITY TEL *****55 m The Notes have been offered and sold outside the United States of America, Australia and the Netherlands Antilles. This announcement appears as a matter of record only. NEW ISSUE
      364 words
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  • Article
    A VAT system is in the air
    531 6 FINANCE Minister Hon Sul Sen's bulky package of tax proposals on Monday was, to say the least, an eyeopener for Singaporeans. It signalled a definite shift in fiscal policy from taxation on Income to taxation on consumption. More significant than the budget tot
    531 words
  • Article
    If only they are less confusing
    209 6 THE VERY size of the United States government machine permits a wide variety of conflicting policy statements to be made. Though In Itself possibly a healthy sign, this can be very confusing for those who are not too familiar with the American system of
    209 words
  • Article, Illustration
    Lock icon Herman Kahn's think-tank is still thriving
    2204 6  -  By ANTHONY PARISI NYT THE PATH to Herman Kahn's office at the Hudson Institute, New York Is labyrinthine. There are enough sharp turns to make the most intrepid visitor feel like the mythical mlnotaur. Kahn's conversation is much the same. He speaks In mazes,
    NYT  -  2,204 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      711 6 W Orchard Road, S'pore 9. Tel: *****2 408/407 Havelock Road, S'pore S. Tel: *****1 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 Our Quick Businessmen's Lunch
      711 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHERr WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated shoxoers REPORT for 24 hours prior to 7.30 pm on Feb 28 at the airport. Maximum Temperature 28.9° C Associated Humidity .76 Minimum Temperature 23.6° C Associated Humidity 98 Hours of Sunshine Nil Rainfall in Millimetres 13.9 Total
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      251 6 nmmsm SINGAPORE 5 3.00 PM Opening announcements followed by Star Performance A Matter Of Advice 3.30 Diary Of Events (Malay) 3.35 Bonanza Abner Willoughby's Return 0 4.25 Intermission 6.00 Opening announcements followed by Electric Company 6.30 News In Brief 0 6.35 Wild, Wild World Of Animals Ingenious Insect 0 7.00
      251 words
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  • Article
    Lock icon Accounting ruses that are quite impossible to nail
    1431 7  -  By DEBORAH RANKIN NYT THE MILLIONS of dollars In Improper payments that have been disclosed by scores of nationally known corporations In US were disguised by an assortment of accounting ruses so varied and ingenious that they were all but impossible for
    NYT  -  1,431 words
  • Article, Illustration
    Lock icon YET ANOTHER CASE AGAINST BELL
    1175 7  -  By JUDITH MILLER NYT WELL AS its current investigations into 'Textron !ne. the Securities and Exctj&nge Commission (SEC) Is looking Into another allegation that Bell Helicdpter. a subsidiary of TexXf6n Inc.. has made questionable commission payments in connection witfl the sale of helicopters Jo Jamaica
    NYT  -  1,175 words
  • Article
    STRAWS IN THE WIND
    354 7 WHO'D be a dog? Some samples of the names that prize dogs get lumbered with, from "Dogtalk". the Singapore Kennel Club publication: Sagittarius Rlngo; Courtbarton Memory Lane; Pongolee's Loathing Lord; Sphinx Keeper Fascination; Stratzlonl Echidna; Twoseas No-so-dusty; Serendiplty's Little Boy; Rainbow-Lodge Chasseur Puissant. SINGAPORE thinks Its
    354 words
  • Article
    A pleasant surprise
    1032 7  -  'FORUM. r i ...0D economics 4 ■y TOH THIAN SER BUDGETS in the last few years have been dismissed by the man-in-the-street as "painless". Some have remained totally noncommittal and have predicted that the "pain" will come as an unpleasant surprise sometime in the year when it
    1,032 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      408 7 mofico SINGAPORE Tanglin Circus, S'pore 10. Tel: *****1 OAMADA IYhotelA HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: 5344 !1 We've got it all together The Coffee Shop Bright and bustling, 24 hours a day, with the best patisserie in town. Car valets in attendance Golden Mikado Cantonese Cuisine prepared with
      408 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      34 7 BriStOW.'FraijJt Dickens pis sexy* P*S Pass. rm r bo ciefcr uaiy* f£MO/ O«G>W»SRTOJ PND -wese UORKWO CLOTHES..._ ro u<e Tv*s opcxeT 1 P**£> TOOUS€*S CIEPWCO TyACf fcPfftfGJß fePOtS CeRTp\\HLY U)UeN 00 SOU U3O(NI Tv<r\
      34 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Strike and inflation drive prices down
      1088 8 New York INVESTOR concern over rising Inflation and worries that striking coal miners may reject a proposed contract settlement pushed stock prices broadly lower across the board in active trading on Monday. Before trading began, the government said the consumer price Index for urban
      1,088 words
    • Article
      Selected indices
      54 8 FINANCIAL TIMES INDUSTRIALS Mdnday 441.8 Friday 83* to 84* H.K. HANG SENG Friday 444.2 Week Ago 458.0 DOW JONES AVERAGE INDUSTRIALS Monday 748.35 SYDNEY INDUSTRIALS Tuesday 389.83 Friday 75«.24 Week Ago 403 71 Week Ago closed LONDON DOLLAR PREMIUM Monday 86* to 87 ALL ORDINARIES Tuesday 442.43 Monday
      54 words
    • Article
      Johannesburg
      369 8 OOLD shares were easier across the board In dull trading on Monday. Heavyweight losses ranged to 90 cents In the case of Randfontein at 5860 while elsewhere Kloof lost 25 cents to 845. Financial minings declined where changed in light trading, with Johnies down 65 cents at 2050. De
      369 words
    • Article
      Toronto
      303 8 THE market closed lower In active trading on Monday, reversing an earlier trend. Volume swelled to 4,768.155 shares mainly by the tendering of nearly two million shares of Power Corp of Canada under an Csll a share offer by Prime Investors Ltd. Power A rose 1/4 to 11. Trading
      303 words
    • Article
      Mixed to higher
      560 8 EUROPEAN MARKETS PRICES closed generally mixed to tUftier on European bourses on Monday However. In Paris, most sectors eased In thin trading with the poll in the "L Express" magazine undermining sentiment, bourse sources said. The poll showed S3 per cent of French industry chiefs believe the
      560 words
    • Article
      Amsterdam
      221 8 FEB V FU Ahold 100 00 unch Akso 21.80 -02 Algbank AMEV M3S0 78 90 -0.5 +0 3 Amru 109 SO -1 2 Amrot Bank 72 80 1 iST" 55 SO 102 00 ♦JJ -0 5 Bols 72 00 4-1 BorsumiJ 141.50 unch Burhmann 38 00 -02 Byenkorf 80
      221 words
    • Article
      Zurich
      178 8 rm v Prmnc* Actions Sulsaei AIusuUM Br Alu*uU» Reg. Brown Bovert Br CtbtOelcyBr. CtbtOdcyPC Ob* Oelfy Rec Credit Sulaae Br Credit SuUae Rec 289 1330 558 17S0 1329 677 2510 407 •1 -15 >25 -5 15 ♦25 ♦7 EektrowattBr 1770 -30 Oeorge Fischer Br 745 unch Globus Pc 410B
      178 words
    • Article
      Brussels
      91 8 FEB r Fts FORWARD MARKET Acec 227 +-6 Arbed 2300 unch Astur 483 17 Brajcan 428 +3 Bru-Lamb 1402 -4 Canpac CockV 480 aw unch 19 De Beers 183 •1 Ebes 2345 10 Eectrobel 8020 10 Ob-lnno-Bm 1870 -10 Oev 1230 unch Hobok 2370 unch Petro 3880 -105 Ryl
      91 words
    • Article
      Frankfurt
      197 8 FEB 27 Dm Aef-Telefunken Akzo 4 Allz Leben AllzVers BASF Bay H T Wbank Bay Vbank Bayer BBC BMW Cassella Chem Verw Commerzbank Contl Oumml Daimler-Benz Degussa Demag Deutsche Bank Dresdner Bank Dt Texaco Dyckerhoff ST A EnkaOlanzs Gelsenberg OHH Hapag-LJoyd Harpener Hoechst Hoeach Horten Kali Sail Karstadt Kaufhof
      197 words
    • Article
      Milan
      96 8 FEB r Lire Ante 138 -7 Assoc Gen ***** -43C Bartog) 522 -27 OntraJ* mo Flat 1948 34 Finalder 85 75 -2.W®* <3«n Immob 81.25 -1 rn IFIPri 215# -40 Itaicemenu ***** -300 IUUgtS M7 -11 Italsider 135 -5-5 Ma*netl M Pf 392 -10 Marelll Ere iai unch Medlob
      96 words
    • Article
      Cautious mood
      577 8 Tokyo A CAUTIOUB mood prevailed over the market yesterday with share prices loslnc earlier gains to cloae marginally higher. Matsushita Electric industrial rallied on new* of good consolidated business results for fiscal 1977 and other Matsushita group issues followed suit. Fiscal Investment-related Issues such as Maeda Construction and
      577 words
    • Article
      Sydney
      313 8 THE market closed weaker on balance yesterday in the absence of encouraglnc economic news. The Sydney All-Ordinaries was down 3.24 points to close at 446.07 points BMP (M steady at A 93 99 after earlier dipping to $5.18, while ACT eased three cents to 91.96. The Bank of NBW
      313 words
    • Article
      Hongkong
      432 8 THE market yesterday opened unchanged from Monday'* levels. but began to drift off on light selling pressure. Investors remained on the sidelines again as rumours abounded of large overseas sellers of Hongkong Bank shares ahead of their results, talk of the financial secretary cutting stamp duties in his budget
      432 words
    • Article
      Paris
      276 8 FEB r Frs ~l«4 CORBEILLE Air-Uguide BSNOervals Danone C S F (Thomson c*f) Cle Francalse des Petroles Compagnle Flnanciere Compagnle Generate Credit Fonder De France Hachette (Llbralrte) Machine* Bull Michel in <B) Parlbas Pechlney Clglne Kuhlmann Peuceot' Philips (NvOem Bezlt) Prlniemps S A Rhone- Poulence 8A Royal Dutch SueaCle
      276 words
    • Article
      Manila
      165 8 THE market yesterday cloflM mixed with oils and commercials averages improving slightly and minings declining as turnover jose significantly to 4.17 million pesos from Monday's 1.85 million. K Atlas gained two points, Philex lost one and other mining issues had small losses. Basic Petroleum increased on* point while other
      165 words
    • Article
      Bangkok
      146 8 FEB BahU ♦/t>" Asia Fibre Bangkok Bank Bangkok Invest. Bangkok-Metro-politan Bank Bala Berll Jucker Carpet Intnl Charoong Thai Wire Dumm Duslt Thanl Faber Merlin First Trust Oenera Finance Indo-Thal Industrial Finance COfD J And J Ho Jalaprathan Cement Karnasuta Lee Kwang Mln Metal Bo* New City Raja Finance Rama
      146 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      165 8 SINGAPORE S LARGEST SELLING WOMEN'S MAGAZINE PRESENTS SOME BARE FACTS AND VITAL STATISTICS: „vX o V. mt M V +> %V*° -r 14k > ■*w m s 0 (A) HIGHEST AUDITED CIRCULATION OF ANY WOMEN' 9 MAGAZINE IN SINGAPORE (member of Audit Bureau of Circulations, Australia) 1977 NUMBER OF COPIES
      165 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon HK renews power control scheme
      306 9 "ASIAN COMPANIES Reuter HONGKONG: The Hongkong government has reached a 15-year agreement with China Light and Power Co, the Peninsula Electric Power Co (Pepco) and the Kowloon Electricity Bupply Co (Kesco) on a revised scheme of control, a spokesman said. The agreement will replace on
      Reuter  -  306 words
    • Article
      Lock icon Matsushita sets record
      108 9 AFP TOKYO: The Matsushita group of companies netted a record 78,000 million yen in the business year ending last Nov 20, up 19 per cent over the previous year. The consolidated earnings report for the group, led by Matsushita Electric Industrial Co.. showed the group's sales also
      AFP  -  108 words
    • Article
      Lock icon BHP coal for Siderbas
      163 9 Reuter CANBERRA: The Broken Hill Pty Co (BHP) said It will supply the state-owned Brazilian steelworks holding company, Siderurgla Brasllerla S.A. (Slderbas), with 4.5 million tonnes of coking coal over 10 years from 1980 under the terms of a letter of Intent signed at the Brazilian
      Reuter  -  163 words
    • Article
      Lock icon Italsider in need of more funds
      159 9 EUROPEAN COMPANIES Reuter ROME: State-controlled steel firm Italsider SPA needs 1.2 trillion lire in new share capital to reduce debts and balance more closely its Invested capital of 4.5 trillion lire, chairman Ambroglo Purl said. Italsider ended 1977 with debts of four trillion lire,
      Reuter  -  159 words
    • Article
      Lock icon Firestone layoff
      79 9 Reuter BARI, (Italy): Firestone Tire and Rubber Co subsidiary Firestone Brema SPA will lay off 200 workers on a daily rotating basis in March because of financial problems and low sales, a company official said. The firm has debts of 17 billion lire and ended 1977 with losses
      Reuter  -  79 words
    • Article
      Lock icon General Bottling
      51 9 Reuter GENERAL Bottling Co has announced final dividend of UK6O cents (75) making a total of 100 cents (75) for the year to Dec 31. A one-for-flve bonus will be made to shareholders registered as at April 14, 1977. The unaudited group after-tax profit is $15.1 million (11.00
      Reuter  -  51 words
    • Article
      Johnson Matthey
      46 9 LONDON: Johonson Matthey and Co announced profit before tax for the nine months ended Dec 31 at £13.37 million (£14.03 million) on sales of £315.64 million (£273.38 million). Pretax profit after Interest came to £2.40 million (£2.31 million) and depreciation £2.52 million (£2.07 million).
      46 words
    • Article
      BP closure
      30 9 LONDON: British Petroleum Co will close its Rotterdam refinery for maintenance In April and May, a BP official said. The maintenance programme was originally only scheduled for April.
      30 words
    • Article
      Lock icon Ampol expects profit to fall short
      173 9 Reuter SYDNEY: Profit of Asset Petroleum fer the Oral turn* months of Its trading year will not rMcb Mntd expectations bit it will be ia excess of that fer the previous corresponding period, chairman Sir Walter Leonard told the annual meeting for the year
      Reuter  -  173 words
    • Article
      Lock icon HUTCHISON WHAMPOA
      76 9 Reuter HONGKONG: Informed sources said Hutchison Whampoa is planning to reduce its stake in Asian International Acceptances and Capital Ltd (Aslac). Hutchison Whampoa declined comment. Hutchison holds 45.45 per cent of Asiac with the remainder held by West- deutscne Ltnaetoank Glrozentrale. Under the original agreement, WestdeuUche naa the
      Reuter  -  76 words
    • Article
      ABN results in line with expectations
      242 9 AMSTERDAM: Algemene Bank Nederland (ABN) Holland's second largest banking group, lifted net profits by 14.4 per cent to F15.235.5 million In 1977. The bank's supervisory Board proposes raising the total dividend by Fl.l to F15.23.50 per ordinary share. Consolidated profit before provisions and tax
      242 words
    • Article
      Lock icon MIDLAND RIGHTS ISSUE
      94 9 Reuter LONDON: Midland Bank Ltd said its £96.4 million rights issue has been accepted in respect of 24.77 million new shares, about 82.6 per cent of the issue. Midland said the balance of the new shares have been sold at a premium and the net proceeds of
      Reuter  -  94 words
    • Article
      Chem Bank starts licensing Chemlink
      476 9 NORik AMERICAN COMPANIES NEW YORK: Chemical Bank announced it has begun licensing its Chemlink computerised cash management iystem to other banks, enabling the bank* to offer the system to their own 'customers. Licensing commitments have been received from banks in several regional financial centres including
      476 words
    • Article
      Lock icon ATT to expand its facilities
      103 9 Reuter AMKRICAN Telephone and Telegraph Co will spend UBfl%» btllioo to expand and moderate* it* tad&Ues this jrear, vice chairman and chief financial officer William Cashel Jr told security analyst* In Chicago. The figure repreeente an increase from the company's estlmai* last December that I*7l
      Reuter  -  103 words
    • Article
      CHICAGO BOARD OPTIONS
      1333 9 February 27 ON the Chicago Board Options Exchange, a total of 95,194 contracts was traded compared with 81,090 contracts on Friday. Alcoa 40 1 21/4 27/8 391/8 Alcoa 45 UNTRD 9/10 11/18 391/8 Alcoa SO UNTRD NOL NOL 391/8 Alcoa 80 UNTRD NOL NOL 391/8 Am Tel
      1,333 words
    • Article
      Lock icon Du Pont takes a hammering
      458 9 Reuter NEW YORK: Du Pont Co, because of the wide-spread nature of Its business, ranks high among companies that are hyper-sensitive to the US economy. Wall Street analysts believe this Is a primary reason for the hammering 1 the chemical manufac- turer's stock took In
      Reuter  -  458 words
    • Article
      Lock icon Polaroid profit margins cause concern
      232 9 Reuter POLAROID Corp expects its 1978 first quarter will be Impacted by the winter's heavy snow fall, but Wall Street analysts are more worried about other aspects in the outlook for the manufacturer of instant cameras and film. A key question, analysts say, is what
      Reuter  -  232 words
    • Article
      RCA facsimile service
      162 9 RCA Global Communications, Inc. announced a new high-speed digital facsimile data transmission service between the US and Japan from March 1. An RCA spokesman said the service, called Q-F&x, Is able to send a sheet of paper measuring 21.25 cm by 77.5 cm In 26 seconds. Unlike
      162 words
    • Article
      NISSAN PRICE HIKE
      50 9 NISSAN U.S.A., which markets Datsun cars in the United States for the Japanese car maker, announced an average 1.8 per cent price increase to account for the appreciation of the yen against the dollar. Nissan said price rises would average $83, and would be effective on March
      50 words
    • Article
      Lock icon General Motors to spend more
      169 9 Reuter GENERAL Motors, the largest US automaker, plans to spend US$5 billion a year in the 1980s on capital Improvements, President E.M. Estes said.. GM spent a record 13.6 billion last year. He told a press luncheon at the Chicago auto show that "roughly half
      Reuter  -  169 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      111 9 WHAT... s gome on behind the posh facades of the mighty merchant is ro'; th the communication set-up in your company 9 is i Imps to adopt a "Change in Altitude" 9 is n pod 1 i .'the continued prosperity of the oil industry in the r PC I on
      111 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1175 10 BID and offer prices officially lifted and business in and reported to tbe 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 deal
      1,175 words
    • Article
      Government bonds
      147 10 4 3/4% l/S/79 (250,000) (100.808 100.908) 5 1/4% IS/It/79 250,000) (101.258 101.458) S 3/4% 11/9/89 (250,000) (103.70B) 4 3/4% 15/9/80 (250.000) (99.708 99.858) C 3/4% 1/12/89 (250,000) (103.70B) 5% T F 15/4/81 (250.000) (101.SOB) 5% T F 11/19/91 (250,000) (101.55B) 5 3/4% T F 1/1/99 250.000) (101.458) 5%
      147 words
    • Article
      Stock options
      313 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid ana offer prices and business done yesterday, with the number of options traded shown In brackets. Cold Storage (March SI 70) (0.248 0 28S) (June —$1.70) (0 2580 325) C and
      313 words
    • Article
      In Kuala Lumpur
      1343 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Aema (IMB 1.688). A|lne«wet» (2.11B). Aleem (2.518 2 635) (2) 2.M.
      1,343 words
    • Article
      Turnover
      24 10 DUE TO the early cloture of the administrative section of the Kuala Lumpur axchange, the turnover figure* were not available at preu time.
      24 words
  • Article
    Unit trusts
    151 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price far Mai r 1) (Curraat pi rtoaa) The Commerce.... 1.77 1.88 INCOME BOND 1 09 1.16 The Saving Fund 1.04 l.lOxd MARA BUMIPUTRA FUND Spore Prog Fund 0.84 0 89 (Maaagan' pries far Mar S pore Security Fund S pore
    151 words
  • Article
    Hefty jump in bank's assets
    497 10 IN ITS second year of operations Arab-Malaysia Development Bank (AMDB) raised Its assets four-fold to M 5255 million at the end of 1977 from $64 million In 1976. This was disclosed by Mr. Hussein Najadl, managing director and chief executive of the bank. Based on
    497 words
  • Article
    SHARE INFORMATION SERVICE
    2377 10 1*77/1*78 High Low Cmpuy Last Sale +orGr's Drv Dhr Crr Gr's Yld Net P/E Vol (•000) Day High Low SECTION ONE INDUSTRIALS 158 2«« no 260 88* 233 160 201 422 148 132 185 58 212 57* 155 144 182 350 91 Ac ma A loom Allied
    2,377 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      175 10 COLLKTINQ Oriental Anticm ej ra X I «fi iii IN An^° UF--9 I i k I'i I *!l v i •St by Judith Moorhouse and Dries Blitz Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is,
      175 words
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  • Article, Illustration
    Blue chips get light support
    626 11 SINGAPORE SELEcnVE counter* enjW bullish rapport in a barely steady Stock Exchange ot Singapore yesterday. One ootitawUai case in point was Boustead, an port-oriented company. Opsaing one cent higher at 12.25, it racod ahead to *2.33, its new high in two years, before easing to
    626 words
  • Article
    API commands speculative interest
    360 11 SHARE prices Initially hovered quietly steady on the Kuala Lumpur Stock Exchange yesterday before weakening slightly towards the close. On balance, the market closed mixed to slightly steadier with the Business Times index finishing 5.19 eaints higher at 783.02. The ew Straits Times industrial ordinary share
    360 words
  • COMPANY NEWS
    • Article
      DIVIDENDS ANNOUNCED
      190 11 Current payment Ex Date Date payable Tatalfcr the year Total for pr««hNia year D Keramat 8TP (1975) Times Publishing Yeo Hiap Sen* M. Banking Taiping Consolidated Benta Kens pa a Mia. Securities Msia. 3.P. Textile Utd. Asbestos Cement K.L. Kepong Ulu Beaut Alcom Shangri-La 45%<n) 15% 17.5% 10%fb)
      190 words
    • Article
      Tokyo concern and PICA in cement tie-up
      571 11 C EM ENT Industries Malaysia Berhad (CIMA), a company majority-owned by the State Economic Development Corporation of Perils, has recently received financial and technical boost when two international companies joined In its multi-million dollar project. They are Nlhon Cement Company Ltd of Japan,
      571 words
    • Article
      Sime Holdings buys back stake in Consplant
      414 11 IN YET another move to rationalise its group structure, Sime Darby Holdings has acquired the entire portfolio investment in Consolidated Plantations previously held by Sime Darby London (SDL). SDL's investment in Consplant comprises 4.4 million shares and 36,000 warrants and consideration for the
      414 words
    • Article
      MINSEC PROFIT UP
      234 11 CONSIDERABLY better than expected results have been reported by Mineral Securities Malaysia with pre-tax profits for its interim period almost doubling from M 5479.100 to $921,900. This sharp Improvement contrasts against the chairman's cautious statement made In his last annual address to maintain Etroflts for the current
      234 words
    • Article
      Sovran units account for bulk of gains
      284 11 AFTER turning the corner into profitability last year, Sovran Industries appears to be marking time with Sroup pre-tax profit for the rst-haff of the current year edging only 3.2 per cent to $378,689 against $366,902 last time. The marginal improvement in earnings was
      284 words
    • Article
      Budget impact on Singapore counters
      1029 11 SOME 15-odd listed companies will be influenced for better or for worse by the latest budget presented for the fiscal year 1978/79. Companies that come quickly to mind which will stand to benefit are those in consumer-related industries. principally the departmental stores such as Metro.
      1,029 words
    • LATEST RESULTS
      • Article
        ROTHMANS of Pall Mall (M) Bhd
        51 11 Unaudited net group pre-tax profit MS5.51 million ($7.43 million) for the half-year ended Dec 31. Turnover 112.5 million (107.3 million). Lingul Developments Bhd. Unaudited calendar 1977 net profit M$192,000 ($498,000). Interim dividend 10 per cent gross (10 per cent first and final dividend In
        51 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      64 11 SHIPPING PAGES Business Times publishes the Shipping Pages 5 days a week from Monday to Friday. The Shipping Pages will cease to be published in The Straits Times but they will be published in Business Times. Business Times also publishes a new easy-to-follow list of ship movements and ports listed
      64 words
    • Advertisement
      Page 11 Advertisements Column 2
      324 11 The first new idea in encyclopaedias in over 200years-Britannka 3, Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) J- That s what makes it the most useable reference work ever developed. That's why
      324 words
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  • Article, Illustration
    Lock icon EEC favours more imports by Japanese
    619 12 UPI DANISH Foreign Minister Knud Andersen said yesterday in Tokyo the European Economic Community wants to Increase its exports to Japan rather than place a restriction on Japanese Imports. During an hour-long meeting with Japanese External Economic Affairs Minister Nobuhlko Ushlba, Mr. Andersen said
    UPI  -  619 words
  • Article
    Lock icon Steel industry ready to discuss curbs
    278 12 Agencies THE Japanese steel Industry Is ready to discuss with Washington export restraints to the US market, Yuzuru Abe, senior vicepresident of Nippon Steel Corp, said. Mr. Abe, addressing steel distributors yesterday in Kuel, Hawaii, said: "If a formal and legal request Is made
    Agencies  -  278 words
  • Article
    Lock icon Visible trade surplus down sharply
    457 12 Reuter JAPAN'S visible trade surplus in January fell sharply to US$375 million (SsB66 million) from $2.67 billion in December, but compared with a deficit of $77 million In January 1977. The Finance Ministry said In Tokyo yesterday the revised surplus was slightly up from the
    Reuter  -  457 words
  • Article
    Rubber talks open with a bounce
    348 12 LEADING natural rubber producers and consumers began a five-day meeting In Geneva on Monday which, delegation sources said, Is expected to agree to fullscale negotiations for an international agreement to stabilise prices and assure supplies. The EEC told the meeting, convened by the secretariat
    348 words
  • Article
    Lock icon Finance Ministry to sell gold to central bank
    303 12 Reuter THE JAPANESE Finance Ministry is negotiating to sell 100.5 tonnes of gold held in its Special Account for Precious Metals to the Bank of Japan. Ministry officials said that out of the total, 44.7 tonnes which was transferred to the Ministry
    Reuter  -  303 words
  • Article
    STREAM OF TOURISTS SWELLS 12.7 PC
    289 12 THE NUMBER of tourists to Singapore showed a heaithy rise last year of 12.7 per cent to 1.7 million over 1976. Indonesian visitors topped the list with 41.000 arrivals or 28 per cent, while Australia moved up from third to second place with 13
    289 words
  • Article, Illustration
    Thai skilled labour for Singapore
    361 12 THAILAND has agreed to Increase the flow of skilled labour to Singapore. The agreement was reached between Mr. Lee Kuan Yew and Thai Prime Minister. General Krlangsak Chamanand who was here on a three-day official visit. General Krlangsak, who left yesterday, said, "Currently, Thailand has
    361 words
  • Article
    Lock icon Arabs tap Euromart for projects
    329 12 Reuter AGENCIES representing a number of Arab states are actively seeking funds on the Euromarkets. London bankers said. The Qatar Steel Company is seeking around US$lOO million (Ss23l million) for between seven to 10 years maturity while the Qatar Fertiliser Company is aim-, ing to
    Reuter  -  329 words
  • Article
    Lock icon OECD outlines plan to achieve growth target
    414 12 Reuter THE Organisation for Economic Cooperation and Development (OECD) area could add 1.1 per cent to growth through concerted demand stimulation. The OECD secretariat, in a paper presented to the economic policy committee in Paris, said if the five strongest OECD countries each
    Reuter  -  414 words
  • Article
    Lock icon US won't resort to protectionism
    420 12 AP US Secretary of State Cyrus Vance told state governors on Monday that the Carter Administration will seek a better break for US businesses and workers in world trade but will not resort to protectionism. "Protectionism is a dangerous gamble in which everybody loses," Mr.
    AP  -  420 words
  • Article
    LONDON STOCKS
    747 12 LONDON. Tues. Stock prices closed higher but were off the top in generally quiet trading, dealers said. At 3.00 pm the Financial Times Index was up 2.7 at 444 5. Government bonds reacted to a recommendation by the executive committee of British Engineering Union for strike action to
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      43 12 LAST CHANCE TO BOOK ADVERTISING INTO THE JULY 1978 SINGAPORE YELLOW PAGES FINAL DAY FRIDAY MARCH 3,1978 WHITE PAGE AMENDMENTS ALREADY CLOSED! 31I3: i q q CSmGAPORE) PRIVATE UfTIITED SINGPORE: Bth FLOOR, GOLDHILL PLAZA TEL: *****4 KUALA LUMPUR: P.O. BOX 2035 TEL: *****122
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      Page 12 Advertisements Column 2
      180 12 SEE PAGE 6 An expanding financial institution invites applications for the post of:MALE DEALER Candidates should be Singapore Citizens between 23 and 27 years of age, preferably with a university degree In Business Administration, Economics or Accountancy. Experience In financial markets will be an advantage. The successful candidate will Join
      180 words
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    SHIPPING TIMES
    5078 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. f CmmKIUH ScaaDatch ku Jotat wvkw wniwwßt
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      Page 13 Advertisements Column 1
      196 13 MAERSK UNE SERVICE Ml THC NAT SINGAPORE *****46 PENANG *****1 K. LUMPUR ***** P.KELANG *****0 SHIPPING SINGAPORfc COSMOS SHIPPING CO (PTE) LTD um. towaon ao., jpo«. i. TU. NO ***** Tel *****33 (7 Lines) A c n an iujslJssJl muk—igJj m^ajuJj (ALGERIAN NATIONAL LINE) RORO SERVICE SPOK PKLANG LOAOIMG FOR
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      Page 13 Advertisements Column 2
      282 13 u~~SHARJfIH SHIPPING CO. LTD *»> f < A» «ac-> r* (UNITED ARAB EMIRATES) GULF SHIPPING LINE (UNITED ARAB EMIRATES) S pore P Keianf Penanf 'GULFMAJESTY 4/1 Apr l/U Apr LM* Far Mo/HtiDM/ FT RHll SHIPPinG Line wNUi! (UNITED ARAB EMIRATES) GENERAs. AGENTS SUB AGENTS SHA«)AH SHIPPING (S) PTE LTO ORIENTAL
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      25 13 SEA LAND DRY/ REFRIGERATED CONTAINER SERVICE MID-EAST SERVICE NEXT SAILING WORLD TI6ER V 2 40TH FLOOR. HONG LEONG BLDG., 16, RAFFLES QUAY BOOKING TEL *****22
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      782 14 SHIPPIN Hapag-Lloyd FULLY CONTAINERISED TO EUROPE rtm pjwm rkMi r>i i im uhm !—y"? j/J 8/3 30/3 1/4 2/4 (7/4) 14/3 4/4 |/4 9/4 (14/4) SEmL. ?i\ 14/4 14/4 17/4 (21/4) 2H2?i c n 1,/4 22/4 23/4 24/4 N-tolbpm. 4/4 C/ 4 21/4 JO/4 21/4 (4/5, 11/4 13/4 3/5 5/5
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      Page 14 Advertisements Column 2
      786 14 £2 SANKYO LINE AUSTRALIA SERVICE P.Ma* THREE STAR 4/7 Mar SEABLOOM 17/19 Mar KYOSEIMARU 31/31 Mar MAT SKY 39/31 Mar KYOTENMMU 14/15 Apr 3/3 Mar 15/16 Mar 1/2 Apr 1/2 V 11/17 Apr laaMagfer FKM, ADCL, MEL, STD MS, STD FR£M, AOEL, MEL MS. STD •DEL, MEL, STD BANGLADESH SERVICE
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      Page 14 Advertisements Column 3
      595 14 SEA mLAND U.S.A./ ASM SERVICE Mn/KHMOKIEB COMTAMER SERVICE VESSEL/VOYAGE Vesstl C.f.S.O Amm/fcoarts 5 an PONCE V-319 KM 1/9 MM GATEWAY CITY V-6SB MRM/U MM PONCE V-320 MMt 21/22 MM GATEWAY CITY V-659 ...ma/a m MID-EAST SERVICE RttuUr Samct ta Dubai, Damnam. Bmdar, ta, Muscat and Tphran. WORLD TIGER V 2
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      Page 14 Advertisements Column 4
      688 14 Everett Lines 7 T *w* Fhro Star s>ippw| C*rpn. "BURMESE NATIONAL LINE' v. BFSSC Ag«nts m Mtiiysi TEPS MALAYSIA Pon K«tong T«l 1381 7366 *****/***** Compmw ArfMtiM 0« Ifrwtkntd S. A. C.I. F. fJWj "ARGENTINE NATIONAL LINE" PATAGONIA AMENTIM inpoo" P HelM| Pfflwif 24/25 Mm 25/27 Mm 21/21 MM lari
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      Page 14 Advertisements Column 5
      677 14 ANTAH JARDINE t I Orient Overseas CanicmeA LINE FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) P M*| U\m lmtmt HW| rta f CHEVALIER RO2E 7W V 3 5/3 22/3 H/J 24/3 27/3 21/J neptune pearl m i/j 11/1 a/3 30/3 1/4 3/4 s/« MERCATORSM 16/3 17/3 3/4 5/4 6/4 1/4
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      958 15 QCL Overseas Containers Limited cMTAMaiMr soma t» H/twiunr. rm P. mhi (flairs bw. mn Hot IX »NM MM IMm I Mar B Mir 1 Apr 1 l|' H W IS Mar MBUSBRA HUN 11 Mar 14 Mar (Mr Apr I Mr <14 Ml I W MUIHI M Mar N Mar
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      1126 15 T» H/CONTIMHT (Via tan) D«* Snpswi P. Kaiwt Franf Evoo* PWTESILAUS l/llto 11/11 UK 11/11 M |l« Bilbao. Aastertaa. Hamb, Dublin, L itrpool. ■ENSUE 7/ I Mar 10/11 Mar I Apr Lsaon. Lewes, Hull. PATROCLUS 1/ Mr t/H Mr 1/ I Mr 11 Hay 0;lbao, Aast. R'bvrf, Dub ienmnoi 11/14
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      Page 15 Advertisements Column 3
      816 15 BEN LINE N'hK IHAttM rMV lUVM Ma Fiaaca SCaBtMMT* r*n iiuiau »«i« Nin JM* Mf Ml, Mm nft. TK. Apr H*. Mr in. Apr m« HI BEN ASIA CONTAINER SERVICE express straits/lAPan/siraits container soma S port P KtUnf Pnu"* vet* Ositi Uto M»/i NIKI6N MAID in >»IM SUM It Mr.
      816 words
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      Page 15 Advertisements Column 4
      1018 15 Scan Dutch *9 WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA CE VIA SUEZ Motor -p. Kelang VtSStl U.M tnuMit ELEAHMA 4, J Ml Kin lUIMU 11/ SELAMIA ELEAMB A 18/ 1 mMa flume* iv i ma. mum* 'Win fan J) kmtmrn Sport 1) Mstillts 2) IHm 31 Htarg 4} Cboq 1/1 '•/1 ii/i
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      Page 15 Advertisements Column 5
      548 15 GUTHRIE BOUSTEAD SHIPP,NG ums FN t i 1 africa •tlHUM Ma**. MtiintMis. Peun.on, M basa Tanp. Beira. Durban El P.E., Capetown) Penant p. Kelanf n Mar S pore 17/11 I un a Men africa fm imijh. maniu PMTVNE STAP Penanf P. Kelanf 4/1 Apr S port I/IB j I LYKES
      548 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1117 16 "K" LINE KAWASAKI KMKN CAISHA LTD. mu cwTMOtsa soma r» mm (via sitz) S*port P. Relief L Him HWf Btmwi R"t chevalier rue nr v m* s mv n m* 21 m* 27 h« i NEPTUNE PEARL nr »Mar 11 Mar 31 Mir 1 Apr 2 Apr 3 < MERCATOR
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      Page 16 Advertisements Column 2
      1229 16 E.C. -IJJLMTUUTIC/SDLF SERVICE icetnw nu uinnn am mu mr ram. M—i P. Maw ■t.l. HUNT* PRABESH" (Biack Hhrl ■vishva siibhi •/II Mir 22/ M Mr E. C./GREAT LAKES SERVICE Luang Hr: horfblj. new ran, hmt«u. raaaira. untnu. arraaix. cwc«m. 'VISHVA SIOOMI" •ilia c>lts CaaPai Pining biin> a. Miaul toft/ >
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      Page 16 Advertisements Column 3
      1029 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: CSEVAUER MB! 1/ 4 Mv NEPINRE KAIL I Mar MOCim II Mar NKUK CONTAINER J$ Itar ORIENTAL CHIEF Apr seven seas mike is Apr MENTAL RESEARCHER 22 Apr CttVAUEI PAK 21 Apr ft. SUE S pan Cltuac TMti: 'All mHb call Is Bare
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      Page 16 Advertisements Column 4
      735 16 **LAYSiAM INTEmiATIONAL SWPWC CORPORATtON BfRHAO TEL IL *****4 EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA feeder f. Krian; Venel fiancesca mm irrumit ELEANMA v I Ml KLTT ELEANMA tt/S SELAMIA ELEANIRA 11/ lIW FRANCESCA I KJIMA pore 1) Mse.llcs 2) R#»m 3) Hbuff 4) Ctorg 1/1 i«/i n/1 a/i a/1 11/
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      Page 16 Advertisements Column 5
      767 16 SHIPPING TIMES, Wednesday, March 1, 1978 INTRASEA (PTE) LTD F.lber HoiJSP j4t C"> 'i.rC R >C. Sj Telephone i 1 Line STRAITS/AUSTRALIA SERVICE Singapore P. Ming LnCaf tar: M/Y CRACE ARELAIBE J Mar I. Part Br, sbane/Sydney/ 2£ t JSL« 77) -Meibounie/Adelaidfc m/v prairie ji Mar a Mar -do AgaatS:
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