The Business Times, 3 March 1978

Microfilm: NL9627
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.CP) No. 118/1/78 FRIDAY, MARCH 3, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Gold assayer
      46 1 SINGAPORE has been accorded the status of gold assayer on the London gold market, after two years of trying. A Chartered Industries spokesman said that this will enable the Republic to develop the gold market as the metal can be melted and assayed locally.
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    • Article
      Lock icon Record debts
      68 1 UPI TOKYO, Thurs. Japanese companies which went bankrupt In February left record combined liabilities of more than US$l.7 billion (553.9 billion), surpassing the previous monthly record of $1.5 billion In May 1077. By number, February business failures totalled 1,200-1,300. A private firm of researchers attributed the high figure
      UPI  -  68 words
    • Article
      Lock icon Asean chief
      78 1 AFP KUALA LUMPUR, Thurs. Deputy secretarygeneral of the Malaysian Foreign Ministry, Datuk All Abdullah Is tipped to be the next secretary-general of Asean, based in Jakarta. It was reported here today that he would take up the post on May 31, when the present secretary-general, Mr Umarjadl Nyotowldjono,
      AFP  -  78 words
    • Article
      Lock icon Bad start
      60 1 UPI LONDON, Thurs. Britain got off to a bad start this year on the strike front, figures from the Department of Employment showed today. Over three-quarters of a million working days were lost in January because of stoppages of work. The month's total, at 760,000 working days lost,
      UPI  -  60 words
    • Article
      Lock icon Aramco Silent
      60 1 Reuter JEDDAH, Thurs. The Arabian-American Oil Co (Aramco) declined comment on a press report that Saudi Arabia has placed a celling on its production of light crude oil for 1978. The report had said Saudi Arabia had instructed Aramco to limit its output of light crude so as
      Reuter  -  60 words
    • Article
      Lock icon Trade pact
      67 1 AFP KUALA LUMPUR, Thurs. Malaysia and North Korea will soon conclude a trade agreement to promote direct trade and economic relations between the two countries. The proposed agreement was discussed by the visiting North Korean Deputy Premier, Mr Kong Jin Tae with Malaysian Foreign Minister Tengku Ahmad Rithauddeen
      AFP  -  67 words
    • Article
      Lock icon Miller gets the nod
      60 1 Reuter WASHINGTON, Thurs. The US Senate Banking Comlttee today approved the nomination of Mr. William Miller as chairman of the Federal Reserve Board, America's central bank. The vote was 14 to 1 In favour of approving President Carter's choice of Mr. Miller, now chairman of Textron
      Reuter  -  60 words
    • Article
      Lock icon Dow Jones
      61 1 UPI NEW YORK, Thurs. Picking up where they left off in the previous session, stock prices moved higher during the first hour of trading today on the New York stock exchange. The Dow Jones Industrial average was up 2.51 points to 745.84 shortly before 11 a.m. Gains outnumbered
      UPI  -  61 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      118 1 Rises STPW5 Ayer Hium Tin Bcrjtyi Ka»il Strait* Trading Supreme Corpn bland Pen Austral Amal Carls berg Prima 474 930 168 565 280 227 474 408 246 +24 10 +6 +5 +5 +5 +4 +4 +4 Foils Selanfor Dredf Pacific Dev OCBC DBS Lien Hoe API Hone
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    • Article, Illustration
      In Kuala Lumpur
      173 1 Rises NST 5.15 .15 Hoof Lton| 2.40 .09 III and Pen 2.31 .07 Lien Hoe 1.86 .06 Tractor* 3.S6 .06 G. Ropel 1.77 .05 High and Low 2.41 .05 C and C 2.80 .05 Foils Malayan (Tin) 10.20 -40 Kg Lanjut 2.00 -.32 D. Keramat 8.05 -.10
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  • Article
    Pump priming takes back seat
    1000 1  -  ACCENT ON SOCIAL SERVICES By JOHN TAN THE PAST years have seen a considerable amount of government pump-prlm-lng in the economy, but for fiscal year 1978/79, this policy appears to have been totally abandoned. The amount slated in the budget for development spending Is only
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  • Article
    SWISS TRADE OFFER TO KL
    104 1 SWITZERLAND will offer Malaysia from July 1, dutyfree treatment for manufactured goods in which the raw materials are obtained from Asean countries. This Cumulative Asean Origin Certificate scheme would strengthen trade and economic relations between the two countries, said the leader of the visiting SwlssAsean
    104 words
  • Article
    Tax will spark exodus from Hongkong
    949 1 BANKERS In Singapore are generally happy that the proposed Hongkong tax on' banks' offshore earnings will result In more business flowing to Singapore, but they also caution that this may not necessarily be so. Much depends on how the budget proposals finally shape up
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  • Article
    KL takes over payment to the tin buffer stock
    255 1 THE Malaysian government has formed a trust fund to take over the payment of subscriptions to the tin buffer stock under the 1976-81 fifth International Tin Agreement. The Deputy Minister of Finance, Datuk Dr. Neo Yee Pan, said this when he
    255 words
  • Article
    KLSE raps Supreme for being evasive
    531 1  -  •y ARTHUR NG THE Kuala Lumpur Stock Exchange Is taking the directors of Supreme Corporation to task for their evasive reply when queried on the acquisitions of Johore Oil Palm Plantations and Soga. In a stiff rejoinder to Supreme yesterday, the Exchange made it
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      11 1 COPIES ANYTHING. FITS ON A TABLE TOI MINOLTA EP-1 •SEEPAGE 3
      11 words
    • Advertisement
      Page 1 Advertisements Column 2
      124 1 ACBC Your key to International Trai [V Stfap'j'f h-jo^nes 4■ 4''« f OM If vour business is import/export and the world is vour market, you'll neeo the scrvit.es of a bank, with the interna tion.il capability to handle vour business dealings efficiently and with a minimum of tuss. At ACBC
      124 words
    • Advertisement
      Page 1 Advertisements Column 3
      80 1 I SHIPPING TIMES PROFUSION of marketiag ARE you cut oat to bo as job* a pointer ***********00 2 investor ooooooooo««oo»oooo I PA Management foothold la FUTURE of buki la 8- E Aria 2 Singapore 7 DAMMAM port haadlor ROBINSON'S oa firm profit liseable Far East roods 5 trend 11 CRUCIAL
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    • Advertisement
      Page 1 Advertisements Column 4
      162 1 SINTAT Rent-a-Car Singapore *****55. *****5 (Airport) Koala Lumpur *****4 Penong ***** Kuanton ***** U-BIX The Complete Coping System Mokes Perfect Impressions U-Bixisoo U-BIX 1500 High speed copying at 15 copies per minute. Push button selection of two different paper sizes. Copies from bulky book, bound volumes and even 3-dimensional objects
      162 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      192 2 if il LOCATION ORGANISER Feb 13 Administrative Mar 31 management Mar 4 <i 11 Business strategy: YWCA, Marine Parade University of Singapore Formulation and Implementation SIM Conference Room SIM Mar 4 <i 11 Telephone Techniques and Courtesies SIM Conference Room SIM Mar 5-11 3rd Asian Congress of Secretaries
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    • Article, Illustration
      More marketing jobs point to sales push
      803 2  -  •r SIVA ARASU THICK tariff walls, expanding business activity and keen competition are creating an increasing demand for marketing executives. On the other hand, the high turnover of factory workers, particularly In the textile and electronics industries, is chiefly responsible for the constantly
      803 words
    • Article
      Perlis cement firm gets loan
      291 2 THE Perils-based Cement Industries of Malaysia Berhad (Cima) has signed a M 546.5 million term loan with a consortium of local and international financial institutions. The loan, which carries fixed and floating interest rates, will enable the cement company to reorganise its existing financial commitments
      291 words
    • Article
      Lock icon Taiwan's spree costs $618m
      129 2 UPI THE special commission from Taiwan bought US$2BB.B million (***** million) worth of commodities during the recent 50dav US buying trip to help reduce the growing trade surplus with that country. Returning from the trip yesterday. H.K. Bhao, director of the Board of Foreign Trade and
      UPI  -  129 words
    • Article
      Income tax course
      35 2 THE University of Slngapoarti Department of Extra mural Studies will hold a 12-leeture course on Singapore Income Tax from March 7 Details can be obtained from the department by calling telephone *****6.
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    • Article
      ENTRY OP PA INTO S-EA MARKET
      293 2 PA MtatftßMi Consultant* hat acq aired CO per Mat of the equity at Speekman Paacoe Consultants and its wholly-owned subsidiary The Software House. Frosn March 1, the npuny will he known as PA Computers and Taloromnniiih a Lions (PACTEL). This move marks PA'a entry
      293 words
    • Article
      Top German firm opens office here
      99 2 A WEST German manufacturer of machine tools, packaging and printing machines, has opened an office In Singapore to serve its South-east Asian customers. The company, Oildemeister Aktiengesellschaft, is one of the largest machine manufacturers in Europe with sales of $480 million in 1976. Mr.
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    • Article
      Lock icon Youths in business seminar
      54 2 AFP A Commonwealth seminar on Youths in Business was opened in Kuala Lumpur yesterday by Malaysian Minister of Culture, Youth and Sports Datuk Abdul Samad Idrls. The 10-day seminar Is organised by the Commonwealth Secretariat for youth programmes in London and hosted by the Ministry of
      AFP  -  54 words
    • Article
      KL palm oil refiners face crude shortage
      613 2 THE shortage of crude palm oil In the Malaysian market is adversely affecting palm oil refiners In Malaysia. Over the last few months, several refiners have been forced to suspend operation intermittently while the majority are operating at reduced levels. Crude palm oil
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    • Article
      Lock icon Panel approves tin contribution
      223 2 Reuter A US House of Representatives' International Relations Subcommittee approved a bill authorising contribution of up to 5,080 tonnes of tin by the United States to the International tin buffer stock. The measure was approved by a voice vote, without objection. The subcommittee decided to endorse
      Reuter  -  223 words
    • Article
      FTCO meet on Asian economies
      84 2 THE Financial Times Conference Organisation (FTCO) of the UK will hold Asian business briefing on April 3 and 4 in Hongkong. Compa International, the local representative of FTCO, said yesterday that the meeting will provide an opportunity to assess the economies of North East and
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      190 2 When your business grows, the volume of paperwork escalates. This is when it becomes essential to recognise that work systems will have to be revised. We, at Kodak, can help you with a customdesigned overall procedure aimed at cutting cost, saving time and space for you. A number of banks
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    • Advertisement
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      0 2 ${(%-):%/-)+(,;.$|][&<^<+?|?'[*
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      603 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Players In their underwear? <S> 8 Pais forming teams (5) 10 Where drink's an anaeathetlc? (S) 11 Jewel in a large mount (3) 12 Bad man's meat? (8) 13 Where there are sailors to spare possibly (7) 18 It grows In a nice dark
      603 words
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  • OVERSEAS
    • Article
      Lock icon UK needs stimulus to achieve target
      781 3 Reuter CHANCELLOR of the Exchequer Denis Healey believes the UK would be unable to achieve the Treasury's growth target for gross domestic product set down last October for this year without a significant fiscal stimulus. Bet-nard Asher, director general of the National Economic Development
      Reuter  -  781 words
    • Article
      Lock icon What the EEC must pay for unity
      424 3 AP DIETER FRISCH, a high official who deals with the budget of the European Commission disclosed that 20 years after the start of their adventure in European unity, the countries of the Common Market are spending jointly about US$l5.5 billion (5535.80 billion) this
      AP  -  424 words
    • Article
      February car output is down
      118 3 US DOMESTIC car production, slowed by weather and strike-related parts shortages, fell 1.6 per cent In February compared with last years figures, the big three car companies reported on Wednesday. Total US passenger car output for the month was 674,303, off 11,014 units from last
      118 words
    • Article
      Lock icon Move for new Saudi oil deal
      232 3 UPI SAUDI Arabia and the US parent companies In the American Arabian OH Company (Aramco) are tentatively considering a marketing arrangement whereby the Saudi government would sell directly 20 per cent of the kingdom's oil output, a West Asian oil and economic newsletter said
      UPI  -  232 words
    • WORLD IN BRIEF
      • Article
        Lock icon ALL LIES SAYS QUEBEC
        569 3 Agencies THE Quebec provincial government has denied a published report that US bankers and brokers have threatened to sell Quebec bonds unless it cools its separatist aspirations. A spokesman (or Finance Minister Jacques Parlzeau said, "The whole story Is nothing but a tissue of lies." Montreal
        Agencies  -  569 words
    • Article
      Lock icon LATEST IMF GOLD AUCTION NETS $16.8m
      173 3 Reuter THE IMF said it sold 524,800 ounces of gold at an average price of U*****.95 (about *****.30) per ounce at Its monthly gold auction on Wednesday. It accepted bids ranging from $181.13 to $185.78. The auction was held under the bid price method,
      Reuter  -  173 words
    • Article
      Lock icon Italy repays IMF standby loan
      289 3 Reuter ITALY has repaid the flnaf 300 million SDR due on Its 1.2 billion SDR 1974 IMF standby loan. The repayment was made on Tuesday for value yesterday. Early next week, Italy will repay US$5OO million (551.15 billion) to the West German Bundesbank on Its
      Reuter  -  289 words
    • Article
      World awaits US energy cue
      211 3 A FINAL compromise la Congress an the U8 enerp plan is vital for future worn efforts to conserve energy, executive director of the International Energy Agency (lEA), Ulf LonUke, said. In a paper released in Paris on Wednesday, he said if there is no ratification
      211 words
    • Article
      Central banks get Swiss franc shock
      642 3 NEGATIVE INTEREST CHARGE SWITZERLAND, in anQther drastic move to protect Its currency, said on Wednesday that foreign central banks, like foreign private persons, must pay a negative Interest commission of 10 per cent per quarter on ail their Swiss franc deposits held In Switzerland.
      642 words
    • Article
      Lock icon Chiasso loss at $1.5b
      234 3 AP CREDIT Suisse has said that losses from illegal dealings of its Chiasso branch may be as high as 1.2 billion Swiss francs (SSI.S billion). A bank spokesman said, however, that 1977 net profits had still risen 17 per cent to 235 million Swiss francs. Write-offs
      AP  -  234 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      159 3 We have the numbers for Brunei. First of all we have the telephone number that will guarantee prompt efficient bookings to Brunei. From sth March Royal Brunei Airlines will take over their own reservations operation. Now if you want to fly with friends to Brunei just ring *****72. And we
      159 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      427 4 THE Singapore market closed quietly steady with March One RSS buyers quoted at 204.00 cents per kilo yesterday, unchanged from Wednesday's close. The afternoon session was quiet and featureless until after the close when some late buying interest saw a slight gain in values. The
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    • Article
      RAS PRICES
      344 4 Price* in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S prompt f o.b. Int. 1 R 8.8 March Int. 1 R.S.S April Int. 2 RSS UK/Cont. Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 204.75 204.75 204.75 200.00
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    • Article
      SSR AND SMR
      102 4 NOON SSR and SMR prices yesterday: HAS j ■f 1 (C« Buytn (cm Kwcfc peat Mtfc) > Sellers Uperkf) April (Forward Mth) Bayer* Heller* (eeaU per he) SSR 20 (1-ton pallet) 193 50 195.SON 194.SO 196.50N S8R50 M.R.E.L.B (1-ton pallet) 191.90 193.50N 192.50 194 SON SMR5CV SMR
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    • Article
      Closing prices
      28 4 Rubber: March 2 Singapore: March 204.00 centi (UDCh) Malaysia: March 207.00 cents (down 0.25 cents) Tin: 51,619 (down 553) Official offering: 298 tonne* (up 23 tonne*)
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    • Article
      Duty rates
      75 4 THE Malaysian Minister of Finance has fixed these rates for the period from Feb. 9 until further notice: Rubber at 204.75 cents a pound, copra at 909.41 cents a ton, palm kernel at 239.03 cents a ton. The rates of duties payable are: Rubber at 34 Vi cents
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    • Article
      Produce exchange
      405 4 COFFEE prices fell in an otherwise steady and quiet Singapore produce market yesterday. All grades of the commodity were marked down another $5 per ptcul, making a total decline of $10 in three days. The top grade AP 1 was quoted at $445 f o b. by the
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    • Article
      Coffee
      189 4 ROBUSTA futures ended the opening session C 24 to £2 per tonne down from previous night In London yesterday. Turnover was 260 lots and the official tone "steady". Spot March initially traded at C 1.630 traded down to a low of C 1.610 before recovering to close £24 down
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    • Article
      Palm oil
      57 4 C.I.P. U8 dollars per ton. LONDON: Malaysia SSffa bulk May Sumatra SSffa March April May June June/July Nigeria 5Hf fa bulk ROTTERDAM Sumatra March Zaire (Belg francs per kilo) Wednesday 531 sir MO sir MO qtd 550 qtd 525 qtd 505 pd unq 590/587.50 unq SI* sir «W
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    • Article
      Sugar
      285 4 TERMINAL in London on Wednesday, rallied in the afternoon against New York on mixed trade and shortcovering support, to close near the day's newly established highs at CO. 10 down to L' 0.60 up. Turnover totalled 2,769 lots including 14 options. Dealers attributed the recovery partly to lower EEC
      285 words
    • Article
      Straits tin
      327 4 THE Straits tin price In Penang fell Mss3 per plcul i to $1,819. Turnover rose further to 298 tonnes from Wednesday's 275 tonnes, i Sentiment was strongly i depressed by news a US r House Panel approved a bill > authorising a U8 contrl- button of 5,000 long
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    • Article
      Cocoa
      129 4 TERMINAL cocoa in London on Wednesday rallied in late afternoon against New York, recouping earlier losses and moving sharply ahead at the prolonged final call to beyond limit up levels in some positions. Qains ranged from I'll to 150 per tonne. Turnover totalled 4,322 lots including 1,196 lots selftraded
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    • Article
      Hongkong comex
      166 4 THE sugar market closed firmer In quiet trading yesterday, aided by a steady New York market. Turnover decreased to eight lots from 14. Open positions rose to 105 from 103 on Wednesday while the Hongkong dally spot sugar price rose to 8.40 from 8.35 Sugar futures closing prices:
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    • Article
      Rice
      186 4 PRICES In the shipment market advanced between US$3 and $5 per tonne, traders said in Bangkok yesterday. The prices of the first, second and third class 100 per cent rice had Increased to $412 (407, $307 (302) and $392 (387) respectively, while 5 per cent white rice rose to
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    • Article
      Soybean
      210 4 SOYBEAN futures in Chicago on Wednesday drove sharply higher, with all but the November contract going above the $0 level. Prices closed Just below the day's highs with gains of 24 to 12-1/2 cents a bushel. The March finished at $6.04-3/4 a bushel and the May at $6.13. The
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    • Article
      Wheat
      118 4 WHEAT futures In Chicago yesterday advanced in early trading on speculative buying and short-covering generated by the strong soybean futures gains. After an hour, prices stood at their highs up 4-1/2 to 2-1/4 cents a bushel. Futures opened firm with some support from overnight export activity and the stopping
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    • Article
      Copper
      337 4 COPPER wirebars in London yesterday finished the morning with gains of mostly £2.50 The market appeared to be marking time following the latest US producer price cuts and the announcement of a 15 per cent cutback in copper production by Zaire/Zambia/Peru. Physical offtake remained slow and modest hedge selling
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    • Article
      Lead
      127 4 LEAD closed with small gains of £0.50 for cash and £1 for Three Months in London yesterday. The market attracted some covering against Continental physical demand during morning together with fresh buying encouraged by recent producer activity and reports of reduced scrap offerings. Aiding the trend was an anticipated
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    • Article
      Zinc
      125 4 ZINC finished the morning with gains of mostly £0.50 in London yesterday. This metal was again fairly quiet although values edged higher on some chart buying support which took Three Months upto £247.50 on the kerb compared with early pre-market business at £243. Sales were 1,200 tonnes. On Wednesday,
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    • Article
      Gold
      369 4 THE kllobar in Singapore opened at S$ 13,658 and closed at $13,579. In London the metal opened at USSIB2.BO/183.20 and closed at $182.65/182.95. The London morning fix was U*****.50, up $1 from the previous. B«arce: Singmai In HONOKONO yesterday, gold closed HK$3.7O lower at $1,005.00 per tael. while the
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    • Article
      Silver
      230 4 IN LONDON on Wednesday. silver eased at the close to 255.25/ 256.25 pence an ounce spot. On Wednesday, silver eased at the close to 255.25/ 256.25 pence an ounce spot. Three Months metal finished at 259.75/ 260.50. Factors behind the fall were the dollar's recovery against the Swiss franc
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        464 4 THE US dollar rose steadily on the forex market yesterday and showed an overall gain despite some weakness near closing. The local money market, however. was quiet with a very low turnover. The USS/yen rate opened at 237.80/90 and reached a high of 238.50 before closing at 238.30/50.
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      • Article
        Minimum lending rates
        71 4 THE AVERAGE prima rstosflniik. I» H'pfipm Itllh •round 7 per coat, with the rang* running between CH pw cent aad 7V« per ceat. Oversea-Chinese Banking Corporation is at the lower •ndl of the range while a number of banks, including Citibank aad Development Bank of Singapore, are
        71 words
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        Asian $ rates
        143 4 Asian rates ASIAN currency depoctt interbank rates u at clow on Mar X. US Doll* Offer r.^ 7 flays 1 mth 2 mths 3 mths 6 mths mths 12 mths .7 .71/8 .71/4 73/8 7 3/4 .713/16 .17/16 Hw. Fr». (MM4I* 1 6 7/6 7 71/8 71/4 7 5/8 711/16
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        Discount
        44 4 RANGE or prtcei offend by discount houses on Mar 2: Overnight 3%% Call deposit 3V,* Closing Buying Setting 3-Month Treasury bills 31/4 31/« 3-Month Bank Mil* 4 15/16 4 13/16 3-Month CD 5 3/B 31/4 •-Month si/a m Source: National Discount Co Ltd
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        Euro $ rates
        100 4 Euro rates TRADING was light at the outset and rates held steady around opening levels in London yesterday. One to six-month rates were adjusted up to 7/16 higher on the lots of the Friday dealing technicality. Moderate rollover and light Far Eastern Interest was noted. Weekend eased by 1/16 to
        100 words
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        London
        155 4 THE dollar yesterday moved up to 2.0170/ 80 marks from an early 2.0125/40 and gained to 1.8445/ 75 Swiss francs from its early 1.8350/ 8400 rate and 1.8275/ 8375 at Wednesday's close here. Sterling was marginally weaker at $1.9366/73 from early and overnight levels, while the dollar also firmed
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        New York
        255 4 THE dollar on Wednesday recovered to finish slightly above Tuesday's levels after falling to record lows against the mark and Swiss franc at the opening. The market was extremely nervous and erratic, although actual trading was relatively thin as operators assess the Impact of Swiss moves to stem
        255 words
      • Article
        Hongkong
        143 4 THE US dollar yesterday lost further ground against the Swiss rranc in cautious late morning trading to stand at 1.8200/8250 Swiss francs compared with an opening level of 1.8240/90. The market was nervous with only small trades taking place in most currencies after Wednesday's sharp movements. The dollar was
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      • Article
        Australia/NZ
        53 4 onhEnhi*' Z exchan e Quotes Australia 1/8 dollar 1.1397/1 1349 Sterling 0 5896/0 5829 Ninety-Day air mall buying rata Sterling 0.M36 US dollar 1.1897 Ninety-day forward buying rate* Sterling 0 5888 US dollar M3BB NEW ZEALAND: Sorting 0 5303/0.5*75 US dollar 1.0308/1 .OBK Ninety-day airmail buying rates Sterling 0.5418
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      • Article
        Zurich
        59 4 toRICH eechaegea closing quotes on US ***** 8290 Sterling 3 5371 553! Can 1 fiat 8399 Dmk 99.4918 9449 OA •4.3384 8794 rtt 38.9714 9123 Bfr 5.8134 9488 Dfcr 34.8104 9970 Nto-B 9874 33.9118 Bfcr 39.9015 40 0745 Ut 0.2144 2153 Aus scft 12 5430 8397 Port 4.48 89
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        Tokyo
        142 4 THE dollar for overnight delivery closed at 238.25 yen yesterday, slightly down from a 238.30 opening but up from 237.82 at Wednesday's close. The Bank of Japan bought between $20 and $25 million in morning trading to support the dollar, but no Intervention was detected in the afternoon. Trading
        142 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      239 4 X AUSTRALIA, SOUTH PACIFIC ISLANDS, NEW ZEALAND Improve your prospects of profitability The South West Pacific has great potential if you want to establish or expand a market for your products, locate supplies of raw materials, create a base for manufacture, or for distribution. No one is better qualified than
      239 words
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  • TRANSPORT
    • Article
      Start of Straits traffic scheme will be crucial
      353 5 THE Implementation of the Traffic Separation Scheme (TSS) for the Straits of Malacca and Singapore will be the most crucial phase of development for the three littoral countries involved. "Its Implementation cannot readily come about without the fulfilment of previously agreed measures
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    • Article
      Need for service
      38 5 AN AUSTRALIAN business representative said here yesterday there was need for a shipping service between Singapore and Cairns (far north Queensland) by way of Port Moresby to promote two-way trade in agricultural and consumer products.
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    • Article, Illustration
      Far East goods keep Dammam port busy
      780 5  -  By GOH ENG KEE THE FAR EAST accounted for the highest percentage of total imports that go through the Saudi Arabian Sort of Dammam in the erslan Gulf last year. Figures released by the United Arab Shipping Company, which Is owned Jointly by
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    • Article
      Lock icon Moratorium on $190m sought
      254 5 AFP JAPANESE tanker operator, Japan Line, will ask for a grace to repay about 20,000 million yen (Ssl9l million) bank loans falling due in fiscal 1978. The report, carried by the leading economic dally, Nihon Keizai, said the firm, facing financial difficulties. is expected to make
      AFP  -  254 words
    • Article, Illustration
      SHIPS IN PORT
      318 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Arcadia (0700 after Bucuresti unberths) 46/47 Auby (0700 21 East Bucuresti (1200 unberths after Arcadia sails) 47 Bunga Blndang (1500 after Bunga Setawar) 18 Lumut (0600 21 West M&noloeverett (D/L) (2100) 35/36 Muehlhausen (1200 after Nikkei Maru No. 5 Class 1 on
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      Radar to make Friesian passage safer
      157 5 SHIPS travelling near the Friesian islands on the North Sea need no longer worry about navigation in poor weather. The first of four new kinds of radar facilities was recently mounted on the lighthouse of the Friesian island of Wangerooge, part of West Germany.
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    • Article
      Lock icon LONDON FREIGHT
      127 5 AP SLOW emergence of details on Wednesday gave reported fixing a patchy appeance, lacking any significant representative business on the main trading routes. However, the underlying rate tone changed little. Further Far East timecharter business featured Unimarlne WPO paying U552,700 per day to the 13,000-tonne Imlas and La
      AP  -  127 words
    • Article
      Lock icon New flag carrier for Sri Lanka
      99 5 AFP THE Sri Lanka government yesterday announced It had decided to establish a new international airline to be the country's national carrier. The country's present national carrier. Air Ceylon, currently under Investigation by a presidential commission for alleged maladministration. Is expected to be closed
      AFP  -  99 words
    • Article
      Lock icon U S hardens towards Britain in fare row
      589 5 NYT THE White House Is hardening its position in the air-fare dispute with Britain and the administration Is considering renouncing the BritishAmerican air pact signed last summer, a Carter administration source said in New York. At the same time. Seaboard World Airlines,
      NYT  -  589 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      646 5 ARRIVALS Service Local Operator Number Tine From MAS MH62I 0835 PEN MAS MH607 0910 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP BA BA844 1030 LHR/MCT SIA SQ103 1045 KUL SIA SQ209 1045 HLP GIA GA944 1055 PKU MAS MH605 1100 KUL GIA GA908 1100 MES
      646 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      96 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -b Call us for your local onward reservations 4 IT —ry The English Dictionary makes an ideal spokesman for Marelli shoes luxurious iag/hur-eas adj 1 very comfort able 2 choice and costly 3 self-indulgent--v clothes. toot wear etc. elegant eligant adj
      96 words
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  • Article
    Be elated but temper your enthusiasm
    519 6 AFTER ALL the fuss made by bankers here urging the Monetary Authority of Singapore (MAS) to abolish the tax on offshore profits, It appears the MAS was right after all. It would have looked very funny for Singapore to have eliminated the tax Just
    519 words
  • Article
    Marketing should be aggressive
    303 6 IT IS JUST plain common business sense that It Is quite pointless to produce anything If you cannot sell It. A product can be superbly manufactured but If there Is no one to promote and market It, It Just remains In the warehouse. After all, there
    303 words
  • Article, Illustration
    Innovative spirit can be injected through research
    2579 6  -  WHY are there to few Singapore inventors? The two requisites of the inventor, SIVA ARASU shows in this article, are free time by himself and an enquiring mind. The former is rare for the busy Singaporean, locked into the day-to-day work ethic and
    2,579 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      561 6 y*£" -39 aps^psss V v it i a :-r .v ».®a A 409/407 Ha retook M B'pm S. W: 4SIMI lon Bar Where beauUful things happen come V around to lon Bar for a swinging get together where Miss Mareelea (from the Phllllplnes), Miss Tang .Ley Sonny Bala The New
      561 words
    • Advertisement
      Page 6 Advertisements Column 2
      161 6 9NGAPORE HURON Ml Owlert Bo*d. S'pon 1W: *****3 Hin's Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese culsHle; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner, a troupe of local performers entertain with
      161 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Local showers tn the late morning REPORT for 24 hours prior to 7.30 pat on March 2 at Um airport. Maximum Temperature 30.8 C Associated Humidity 70 Minimum Temperature 24.PC Associated Humidity Hours of Sunshine 7.75 PihhlT ia Millimetres Trace
      63 words
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  • Article
    Banks can expect growth despite rough road ahead
    2172 7  -  h MR. LIM POH CHUAN Mr. Lim is a senior manager of United Overseas Bank Ltd. IT Is well known that In the i early days trade financing formed the base for the growth lntematlonallsatlon of banks In Singapore. This stems from
    2,172 words
  • Article
    Politics holds the rein
    724 7  -  [FORDM, ...OD economics ly JOHN DRYSDALE Mr. Drysdale is a director of Asia Research Pte. Ltd. LOTS of people bad lots of Important things to say at last week's Offshore Southeast Asia conference, but none with so compelling a message as that of Mr. James E.
    724 words
  • Article
    STRAWS IN THE WIND
    483 7 SINGAPOREANB are not used to and often hostile to the sight of hitchhikers, common in the West; similarly. Singaporeans do not pick up strangers casually to offer them a lift In their cars, nor do Singaporeans, especially girls, like or expect to be offered a lift
    483 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      78 7 •X HOTEL ASIA 37 Scotli Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 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
      78 words
    • Advertisement
      Page 7 Advertisements Column 2
      77 7 KING S HOTEL Havelock Road, Singapore 3 Tel: *****1 LADYHILL HOTEL 1 Lady hill Road, Singapore 10 Tel: *****1 LION CITY HOTEL IS Tanjong Katong Road, Singapore IS Tel: *****1. HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel: *****1. THE
      77 words
    • Advertisement
      Page 7 Advertisements Column 3
      75 7 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. HOTEL NEGARA IS Claymore Drive, Singapore 9 Tel: *****1 HOTEL NEW HONGKONG 101 Victoria Street, Singapore 7 Tel: *****1. OBEROI IMPERIAL HOTEL I Jalan Rumbia, Singapore 9 Tel: *****6 ORCHID INN 214 Dunearn Road, Singapore II Tel: *****2 ORCHARD HOTEL 2
      75 words
    • Advertisement
      Page 7 Advertisements Column 4
      66 7 PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 QUEEN'S HOTEL 24 Mount Elizabeth, off Orchard Road Singapore 9. Tel: *****8 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SEA VIEW HOTEL Amber Close, Singapore IS Tel: *****22 SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4. HOTEL SUMMIT
      66 words
    • Advertisement
      Page 7 Advertisements Column 5
      15 7 CA/wuS C *AND VSOP w V. 1 m i >*/T> v a f r .v,.* .>
      15 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      178 7 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee Mysterious Revenge (Repeat) with superimposed English/ Chinese subtitles A Mandarin feature film 4i30 Intermission 6.05 Opening announcements followed by Exercise With Gloria 0 4*30 News in Brief 6.35 Hazel (Repeat) 0 7.05 Serbanika (Malay) 7.30 News and Newsreel in Malay
      178 words
    • Miscellaneous
      Page 7 Miscellaneous Column 2
      19 7 BriStoW": Fraxijc Dickeos so >(OOR SON GODFRtW > IS SeTTUNG DOUJN Tut eos»4ess?; to rr ukc R DOCK "®0 VORTfejJ...
      19 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Prices rally
      585 8 .Tokyo SHARE prices opened lower yesterday, but then rallied with interest centring on speculative issues. Pharmaceutical issues such as Sankyo and Toyama Chemical advanced. Speculative Issues including Okamoto Rlken Gomu and Alps Electric rallied, reflecting their favourable margin balances. Shipping issues were also up. On the other hand,
      585 words
    • Article
      Lock icon Hongkong
      492 8 Source: Sun Hung Kei Securities DESPITE the marking down of prices In London the previous 'night, the Hongkong market .yesterday opened on a steady note ana withstood some early celling pressure. Dealers were slightly confused over the HK$5 transfer deed un•til the exchanges clarified the retention of the cost.
      Source: Sun Hung Kei Securities  -  492 words
    • Article
      Bangkok
      140 8 MAR 02 Bah us Asia Fibre 276 -4 Bangkok Bank 405 Bangkok Invest. 398 -8 Bangkok-Metro-politan Bank Bata 305 Berll Jucker 518 CarpetIntnl Charoong Thai Wire 434 2 Dumex Dusit Thanl 375 unch Faber Merlin First Trust Genera Finance 457 -3 Indo-Thal Industrial Finance -80 Corp 2925 J And
      140 words
    • Article
      Manila
      159 8 THE market yesterday closed mixed with commercials posting small gains while minings declined and oils were mixed. Turnover rose to 1.73 million pesos from Wednesday's 1.69 million. Atlas rose one point, but other mining Issues either had fractional losses or were unchanged. Leading oils remained firm but secondary issues
      159 words
    • Article
      Sydney
      107 8 THE martcet closed mixed yesterday with BHP rising six cents to A 55.32. The Sydney AllOrdlnarles rose 0.97 point to close at 441.86 points. CSR rose six to $2.64, ICI two to $2.02 and Lend Lease three to $2.48 while Wooiworth eased three to $1.51, EZ Industries three to
      107 words
    • Article
      Lock icon BONDS Madrid utility
      53 8 Reuter FitANKFURT: The Madrid electricity company, Union Klectrica. Is raising a 170 million mark eight-year Eurocredit at a margin of 1 per cent over libor. Lead manager is Westdeutsche Landsbank Olrozentrale. The company is mainly privately owned, with a minority stake owned by the Spanish state holding
      Reuter  -  53 words
    • Article
      Lock icon Eurobond
      33 8 Reuter FRANKFURT: Banco Nacionul Do Desenvolvlmento Economlco of Brazil is raisin? a 150 million mark Eurobond eig/ityear maturity and an indicated coupon of 6*« per cent, lead manager Commerzbank AO confirmed. Reuter
      Reuter  -  33 words
    • Article
      Lock icon Fujitsu
      36 8 Reuter FRANKFURT: Deutsche Bank has confirmed, as issue manager that the 50 million mark eight-year Fujitsu Ltd convertible Eurobond was priced at par with a 4S per cent coupon and 2.80 mark conversion price. Reuter
      Reuter  -  36 words
    • Article
      Frankfurt shares fall
      303 8 EUROPEAN MARKETS PRICES closed generally mixed on European bourses on Wednesday, party affected by the US shortfall. Frankfurt share prices weakened on concern about the effect on German exports of the dollar's decline, dealers said. Autos and mechanicals were affected most, with Mercedes and Man both losing
      303 words
    • Article
      Amsterdam
      217 8 MAR *1 Pis Ahold 98 00 -2 Akzo 21.50 ♦0 3 Algbank 3M 00 -2 VAMEV 77 80 -0.4 Amfus 100 50 -2.5 Am rot Bunk 71.50 -0 7 Bergoss 60 00 ■t-3.5 Berk 100 00 -2.3 Bol? 7150 -1.1 BfrfsumiJ ***** unch Hurhmanrt 67.50 unch Hyenkorf 78 50
      217 words
    • Article
      Paris
      292 8 MAR 01 Frs CORBEILLE Air-Liquide B S N Gervais Danone CS F (ThomsonCst) Cle Francalse des Petroles Compagnle Financiers Compagnle Generate Credit Foncier De France Hachette (Ubralrle) Machines Bull Michelln (B) Par I baa Pechlney Clglne Kuhlmann Peugeot-Citroen Philips (Nv Gem Bezit) Prtntemps 8 A Rhone-Poulence SA Royal Dutch
      292 words
    • Article
      Brussels
      98 8 MAR Fr» FORWARD MARKET A iff 226 5 Arbed 2280 4 10 Astur 500 unch Brusca n 419 -7 Bru-Lainb 1416 10 Canpac 480 -1 Cork 364 -16 De B?f rs 160 -2 Ebes 2350 unch Electrobel 6040 unch Gb-Inno-Bm 1860 unch Oev 1234 ♦4 Hobo* 2330 unch Petro
      98 words
    • Article
      Zurich
      187 8 MAR *1 Francs Anions Suisse* 270 unch Alusuisse Br 1235 -5 Alusuisse Reg. 550 ♦8 itrown Boverl Br 1700 20 Ciha (ielgy Br. 1230 20 CltKI (ielgy PC 925 10 Clbu C ielgy Hp* 667 unch Credit Suisse Br 2390 *80 < redit Suisse Reg 464 26 Elektrowutt Br
      187 words
    • Article
      Frankfurt
      223 8 MAR 01 Dm Aef-Telefunken 87 SO -0.2 Akau 19 80B Altz Leben «20 Allz Vers 480 urvch BASF 137. JO -1 tlay H T Wbunk 286 -I BayVbank 318 SO +0 5 Bayer 137 00 -0.7 BBC 298 unch IIMW 225.30 -1.7 Cassella 376.SO I Chem Verw 217.50 +0.5
      223 words
    • Article
      Toronto
      266 8 THE market closed mixed on Wednesday after staging a comeback In the final hour of trading in response to Wall Street's firmness. The composite Index was up about Vi point but declines outnumbered advances 220 to 188. Closing volume totalled 3.320.122 shares, up from 2.972.019 shares on Tuesday. MAK
      266 words
    • Article
      Jo'burg
      351 8 OOLD shares were mostly higher In line with bullion prices on Wednesday, dealers said. Trading was light and overseas Interest small on account of high securities rand, up three cents to 83. they added! Financial minings were easier In modest trading MAS *1 Rand INDIKTKIALH A Alpha 95 unch
      351 words
    • Article
      Selected indices
      59 8 FINANCIAL TIMES INDUSTRIALS Wednesday 443.8 Tuesday 87H to 88 H.K. HANG SENG Tuesday 443.4 Week Ago 449.9 DOW JONES AVERAGE INDUSTRIALS Wednesday 743.33 SYDNEY INDUSTRIALS Thursday 441.88 Wednesday 441 19 Tuesday 742.12 Week Ago 455 10 Week Ago 749 05 LONDON DOLLAR PREMIUM Wednesday 86% to 87H ALL
      59 words
    • Article
      Reclaiming ground
      977 8 New York BARGAIN hunting and the dollar's partial comeback in foreign exchange markets helped the stock market reclaim some lost ground a» prices finished on a firm note In active trading on Wednesday. But analysts said the market continues to be plagued by a flurry of bad nevs
      977 words
  • INTERNATIONAL COMPANY NEWS
    • Article
      BP will lay up five tankers
      421 8 EUROPEAN COMPANIES BRITISH Petroleum is to lay up five large tankers for several years because of the depressed state of the oiltrading market. The ships, worth about C 75 million, will add to the growing list of idle world tanker tonnage. The cost of
      421 words
    • Article
      Lock icon Royal Dutch Shell loss
      92 8 Reuter ROTTERDAM: Royal Dutch Shell's chemicals division made losses totalling 145 million guilders in 1977 after a small profit the previous year, the company told a works council meeting. Shell said the loases are partly due to labour coats, which are higher in the Netherlands than
      Reuter  -  92 words
    • Article
      Thyssen AG buys Budd
      59 8 BUDD Co., a manufacturer of transporta-tion-related equipment, said that it had signed with Germany's Thyssen AO definitive agreements on the acquisition of Budd by a subsidiary of the German company. Budd said the agreements have been approved by the directors of bbth companies. Under the acquisition
      59 words
    • Article
      Lock icon Renault still top French car maker
      262 8 AFP PARIS: Renault, the stateowned French motor firm, exported more than 1.000,000, vehicles last year, over 57.7 per cent of its output, the company announced. It thus strengthened its position as the top French motor manufacturer. Renault's worldwide Jroductlon totalled ,737,707 vehicles, 43.4 per
      AFP  -  262 words
    • Article
      Lock icon Sumitomo setback
      77 8 ASIAN COMPANIES AFP JAPAN'S Sumitomo Chemical Co. of Osaka announced it had suffered a steep setback in profits in the business year ended in December due to poor sale*. The leading chemical manufacturer said in a financial report that the company earned 2,358 million yen in before-tax profits,
      AFP  -  77 words
    • Article
      Lock icon Cross Harbour
      65 8 Reuter HONGKONG: The Cross Harbour Tunnel Co Ltd has declared a third quarterly interim dividend of HKI3 cents for the year to March 31. 1978 making an interim total of 39 cents (20 cents). Books close March 28 to March 31 inclusive. The company earlier announced that it
      Reuter  -  65 words
    • Article
      Pancon in the red
      50 8 PANCONTINENTAL Mining reported unaudited consolidated operating loss of A 5194.600 (loss $203,000) for the half year ended Dec 31 on income at nil (same). Loss is after depreciation of $4,000 ($3,600) and Interest of $1,000 ($2,100). Extraordinarles were nil (loss 1.08 million) and dividend nil (same).
      50 words
    • Article
      FERRY RISE
      35 8 HONGKONG and Yaumati Ferry Co. Ltd. announced a final dividend HK7Q cents (60 cents) making a total $1.10 ($100) for the year to Dec. 31. Books close March 13 to March 18 inclusive.
      35 words
    • Article
      Lock icon Ampol offer
      53 8 Reuter BYDNEY: Ampol Petroleum Ltd said It will offer debentures amounting to Ass million to current holders of $4.71 million debentures and unsecured notes maturing April 15 so as to recycle the loan. The new issue will be for 10.5 per cent five-year stock and 10.75 per cent
      Reuter  -  53 words
    • Article
      Lock icon Takeover bid for Cail to be discussed
      263 8 Reuter MELBOURNE: Conzinc Riotinto of Austtralia (CRA) will need to discuss with Howard Smith Ltd whether recent New South Wales government action will affect their present Intention to go ahead with a proposed 50/50 Joint takeover bid for Coal and Allied Industries Ltd
      Reuter  -  263 words
    • Article
      Lock icon JSL DIVIDEND UP
      115 8 Reuter HONGKONG: Jardlne Securities Ltd has declared an interim dlvldend<of HKI6 cents (15 cents) for the year ended June 30, 1977. Books close March 13 to March 23 Inclusive. The company is a Jardlne Matheson and Co Ltd subsidiary. It was proposed to transfer $60 million to
      Reuter  -  115 words
    • Article
      Lock icon HK Dock plan
      97 8 James Capel THE Hongkong and Whampoa Dock has revealed Its plan to develop a 149,200 sq ft site on the Hunghom waterfront. Forward selling of the flats will begin in mid-March. When completed, there will be 815 flats of medium size ranging from 500 sq ft to
      James Capel  -  97 words
    • Article
      Lock icon BENGUET BORROWS
      91 8 Reuter HONGKONG: Benguet Consolidated Inc has signed a US$46.l million medium term syndicated loan with a group of banks led hy Bank of America. BA Asia Ltd said. The loan, guaranteed bv the Philippine National Bank, is to finance the development of an open pit mine of 83
      Reuter  -  91 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      252 8 i 1 i I In l' i i i (Incorporated in the Republic ot Singapore) COMFWNY ANNOUNCEMENT The Directors have decided to recommend a First and Final Ordinary Dividend ot 12Vi% less 40% income tax on the issued ordinary capital of the Company in respect of the financial year ended
      252 words
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      1356 9 Ron Mackie, Editor, Business Times I'Tve worked for some hardnosed News Editors in my time. But the best of them had a basic approach to his business. Any reporter sitting in the office wasn't working. It was the surest way to get fired. It was a hard life on cold
      1,356 words
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  • Article
    Transactions in Singapore
    1402 10 BID and ofter prices officially U«ted and business in and "••ported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in In IoU of 1,000 unite unless otherwise specified. All ■Time Settlement Contracts ■are quoted after the world "sett." Btg Board deal
    1,402 words
  • Article
    Government bonds
    169 10 4 3/4% 1/5/79 (250,000) (100.808 100.908) 5 1/4% 15/10/79 (250,000) (101.208 101.408) (2) 101.20 6 3/4% 15/8/80 (250,000) (103.70B) 4 3/4% 15/9/80 (250,000) (99.708 99.825) 6 3/4% 1/12/80 (250,000) (103.70B) S 5% T F 15/4/81 (250,000) (101.60B) 5% T F 15/10/81 (250,000) (101.55B) 5% T F 1/5/83 (250.000)
    169 words
  • Article
    Corporate bonds
    111 10 B O T 8 1/2% 1981 (100,000) (100 SB 101HS) B O T 7 5/8% 1984 (100.000) (95H8 96' sS) E I B 9% 1982 (100,000) (100 SB 101HS) E I B 8 1/4% 1983 (100.000) (988 98SS) E I B 8 1/4% 1987 (100.000) 95US) (1) 95
    111 words
  • Article
    Stock, options
    46 10 BTRIKINO prices of the stock options officially listed on the Btock Exchange of Singapore, the periods, bid ana offer prices and business done yesterday, with the number of options traded shown In brackets. C and C (June 92.20) (0.50B). Sime Darby (June 12.75) (0.MB).
    46 words
  • Article
    In Kuala Lumpur
    1335 10 INDUSTRIALS Asma (1.87B). Ajin,m,ta (2.18B). #6B) 2 70 (*> (•>> 198. A Ctw.. (1.168 1.188) (8) 1.17. A M O (0.578 0.908). AP I (1.108 1.118) (49) 1.18 (53) 1.14 (1) l.ia 113) 1.13 (47) 1.10 (57) 1.00 (60) X.U. ■ata (3.508 2.705). Bsn ind C* (0.578
    1,335 words
  • Article
    Unit trusts
    145 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price* for Mar 3 (Corral pi ricaa) The Commerce.... 179 1.90 INCOME BOND 1.09 1.16 The Saving Fund S'pore Prog Fund 1.04 l.lOxd 086 0.91 MARA BUMIPUTRA FUND lM.au>*>' nriM. for M.r 1 S'pore Security Fund S'pore Invest Fund 1.68 1.78
    145 words
  • Article
    SHARE INFORMATION SERVICE
    2389 10 1977/197$ High Low Company Last Sale Qr's Dhr Dhr Cw Gr'» YH Net P/E Vel C888) Day High Low SECTION ONE INDUSTRIALS ISO 266 no 282 88* 234 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 Ac ma Alcorn Allied Choc
    2,389 words
  • Article
    CHICAGO BOARD OPTIONS
    1341 10 March 1 ON the Chicago Board Options Exchange, a total of 90,874 contracts was traded compared with 104,416 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa 40 1 UNTRD 3 361/4 Alcoa 4S i/a 6/8 11/6 301/4 Alcoa SO UNTRD NOL NOL 361/4 Alcoa 00 UNTRD
    1,341 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      158 10 COLLKTINQ X)RiENifIL Amm is by Judith Moorhouse and Dries Blitz Lid Hamlyn Group, London. Oriental antiques have .always fascinated collectors throughout the world, evoking as they do the exotic and inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth is perpetuated
      158 words
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  • Article, Illustration
    Firm support seen on exchange
    808 11 SINGAPORE THE Singapore Stock Exchange opened on a very steady note yesterday as the firm support seen oa Wednesday was extended overnight. However, sentiment soon weakened and prices took a alight dip. Most of the counters finished off their day's best. A greater part of
    808 words
  • Article
    Prices ease as market turns slightly weaker
    615 11 PRICES moved briefly ahead yesterday, but eased back again as the Kuala Lumpur Stock Exchange turned a shade weaker In the second half of trading. A number of stocks which had started off on a promising note had their earlier gains trimmed under
    615 words
  • COMPANY NEWS
    • Article, Illustration
      Robinson's pushing towards happier days of profit
      643 11  -  »y MANO SABNANI JUDGING from its Interim results, Robinson's looks set In the current year to come close to Its record operating profit of $4.3 million achieved during the happier days of 1971/72. For the first six months, the group achieved a trading
      643 words
    • Article
      JC-MPH proposals get green light
      222 11 THE Securities Industry Council (SIC) has approved JC-MPH's proposals relating to certain changes In the option agreement for the acquisition of Tung Yuan Enterprises. Also given the go-ahead by the SIC are the group's arrangements with Jack Chla Holdings of Hongkong for the placement of
      222 words
    • LATEST RESULTS
      • Article
        HUME INDUSTRIES (Malaysia) Bhd:
        72 11 Interlm pre-tax profits for tlx months to end-1977 $3,717,000 ($1,715,000) on sales, up from $23 million In the latter half of 1970 to $31 million for the second half of calendar 1077. In view of the substantial Improvement In profitability for the half year the directors
        72 words
    • Article
      GETTING OUT WHILE THE GOING IS GOOD
      353 11 SOUTH Johorc Amalgamated Holding.' (SJAH) recent announcement of the sale of its investment fat Sing Liaa Express Sda Bhd and its subsequent reply to queries by the Kuala Lumpur Stock Exchange (KLSE) indicate* that SJAH ia getting out at Sing Lian while the
      353 words
    • Article
      DIVIDENDS ANNOUNCED
      217 11 Carnal K> Date Total fee Total mmm» Dal* payable Ike year HO*fc year STP(itrs) 10* Feb 14 MarS SO* 27 .M TtawPeMtatow 17.5* Feb 14 MarS 17.9* 27.5* YooHia#8oa( 10*<b) Feb 15 MarlO 10* 10* H-BmrnUm Ml Feb SI Maris 0* 11.9N 15*(n) MarS Mar Si SO* SO*
      217 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      752 11 !Mm Asian International Merchant Bankers Berhad (INCORPORATED IN MALAYSIA) BALANCE SHEET 30th September, 1977. SHARE CAPITAL l« ied and fully paid shares of *****00 $1 each (Authorised $20,000,000) CAPITAL RESERVE (Note 4) REVENUE RESERVE 1.507.002 PROFIT UNAPPROPRIATED 6.507.002 TOTAL SHAREHOLDERS' FUNDS LONG TERM LIABILITIES 5.675.111 Loans (repayable after one year)
      752 words
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  • Article, Illustration
    Lock icon Tokyo likely to cut tariffs on 124 imports
    796 12 Agencies THE JAPANESE Finance Ministry Is expected to announce an average 23 per cent tariff cut on .124 items between April 1 and early May following revision of the related tariff law, according to Ministry officials. The officials said yesterday the planned
    Agencies  -  796 words
  • Article
    Lock icon Days of booming exports are numbered
    485 12 Agencies JAPAN'S exports on a letter of credit (LC) basis recorded a year-to-year fall for the third straight month in February an Indication that the country's booming exports are slowing down the Finance Ministry and the Bank of Japan announced yesterday. The Joint announcement
    Agencies  -  485 words
  • Article
    Scheme aims to boost product development
    447 12 THE Government has set up a $1 million Product Development Assistance Scheme to stimulate and assist local companies to develop new, or improved existing products and processes. This follows Its recognition of the need to develop local applied research and product development capability and
    447 words
  • Article
    Lock icon Central bank has no yen for change
    423 12 UPI THE BANK of Japan's policy of defending the yen against speculation by resorting to massive US dollar buying Intervention In the market, If necessary, will remain unchanged, bank officials said. The bank has been trying to prevent a sharp appreciation of the
    UPI  -  423 words
  • Article
    CHIANG TO HEAD OUR EMBASSY IN BONN
    129 12 DR CHIANG Hal Ding has been appointed ambassador to West Germany. A Member of Parliament for U1 u Pandan since 1970, Dr. Chiang, 39, was Singapore's High Commissioner to Malaysia from 1971 to 1973. He has held several appointments Including director of the
    129 words
  • Article
    Lock icon Move China oil to Japan
    69 12 AP JAPAN will import T. 1 million tonnes of crate ad from China this year, slightly more titan iniilii earlier, Kjrodo New* hilM said yesterday quoting oi industry sources. It said the Chinees otl wH be taken by two private cfl trading firms International Oil
    AP  -  69 words
  • Article
    More local training by Japanese companies
    600 12  -  •y RONNIE LIM MORE Japanese companies in Singapore are training their workers here Instead of sending them to their parent companies in Japan, a recent survey by the Japan External Trade Organisation (Jetro) indicated. One reason is their satisfaction with training levels In the
    600 words
  • Article
    Exim to dole out more cash
    201 12 THE US Export-Import Bank expects to authorise more than US$2 billion (554.62 billion) under Its direct lending programme this year, up from $1.2 billion in 1977. Vice-president Richard Crafton told an export finance seminar In New York that the amount Is still below the
    201 words
  • Article
    Floating rate CDs from Mitsubishi
    580 12  -  •y COLIN CHEE THE Singapore branch of the Mitsubishi Bank yesterday announced the issue of a US$2O million (Ss4o million) floating rate negotiable certificates of deposit (FRCDs) on the Asian dollar market. The Issue will be the third this year, and the fifth In barely
    580 words
  • Article
    Andersen's mission
    32 12 DANISH Foreign Minister Knut Andersen said yesterday that he believed his just-concluded three-day visit to Tokyo would eventually result in a trade agreement between the European Economic Community and Japan.
    32 words
  • Article
    LONDON STOCKS
    724 12 LONDON. Thurs. Prices closed generally lower today but South African gold shares continued firm in overall sluggish thuling, dealers said. EMI dropped 18p to 141p following Its lower half year C (lts and other Industrial ers finished several pence easier. At 3 pm the Financial Times index was
    724 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      3 12 SEE PAGE I
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      92 12 Meet the TOSIfIBA ***** A plain paper copier AN^CONoS^ALC^T yoshJai ikiai ✓2 7 jgg. -'is. i -.f *ri- <=■•»' FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT HIRE PURCHASE ....OR RENTAL TERMS. For further information, call Allan Tan [IUHUMM 60 orchard Road Sin 9 a P° re
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  • Article
    SHIPPING TIMES
    5226 13 A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t CiasiiHiMi ScuOitek Mm a jstat mrvtoe ariaag—ill
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      271 13 ScanDutchV Fast and Regular Service to N.C,/SCAN/W.MED Every 10 Days. Singapore: Tel *****. Port Ketang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tel. ***** SHARJAH SHIPPING CO. LTD (UNITED WUB EMIRATES) GULF SHIPPING LINE (UNITED AMI EMIRATES) fIHLI SHIPPIfIG urc -i. (UNITED ARAB EMIRATES) GEHESAI AGENTS SUB AGENTS SHARJAM SHIPPIN6
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      333 13 RICKMERS LINIE ToEuroo* Port Ktla*f loadtnt lor Sap** Rick mart 12 15/3 bmkw Anhmp RaMwdam. HaMt»r| Hin(a laenfcardt 71-31/} la**. Anhaarp. R*tort*>. Braaiaa. HaMarf Panlßictmtn 1214/4 BaitaM*. *M«wp. MUrMn «rtr*fl Ka*6w| Mwttm 21/4 2/5 hiHlm. Mm*. RaltatM*. %mmm. Hiw>»n AGENTS NAM SUM SHIPPING CO SON MM). TEL Ptrt Mm, 3KSOI
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      23 13 Regular Liner Services From/To AN Parts of the World. Singapore: Tel *****. Port Ketang Tet *****1, Kuala Lumpur TaL *****, Panang: TaL *****
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      672 14 rage SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE CONVENTIONAL TO EUROPE r»M P MMI Na rUM GMM H'Wl I tawUM Ami* IMutt, |/3 20/3 5/4 1/4 30/3 r 'in I-- 12/3 29/3 11/4 1«/4 6/4 4/4 Smlm lickMn 11/3 13/3 lt/3 4/4 IS/4 16/4 13/4 -/4 •slk 19/3 5/4 18/4 23/4
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      737 14 I Ci SANKYO LINE! AUSTRALIA SERVICE P. fatal* SRPT» Ua*«ferTHKESTAH U/UM» 10/11 Mar FKM,ADO,MEL.S*O SEABLOOM 17/19 Mar 15/ IS Mar WS.SYO rrosGMAW Klfc 22N5^ MAY SKY N/31 Mar 1/2 Apr MUSYD KYOTO HAftU WB far 14/17 Apr ADCL. MIL, SYO KYOSCMAM 1/2 far TO^DQ. MU HAY SKY 34/31 Mar 1/2
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      567 14 SEA ~\LAND> U.S.*./ ASIA SERVICE VESSEL/VOYAGE CFS Closes Arrives/departs 5.00 P.M. PONCE¥-319 mm 1/1 M( GATEWAY CITY V-688 *»M/i5 MUU PONCEV-320 ««a/22 mix GATEWAY CITY V-659 .ma/a ma MID EAST SERVICE Regular Dry/Ratfar Container Service It Mai, Damnum, Bandar Abbas, Muscat-and Tatiran. WORLD TIGER V 2 WORLD LION V 1
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      824 14 Everett Lines BFSSC Agents in UMyw TEPS MALAYSIA Port Ketang T«i (381 7366 Penong Tel *****/***** CNpaia An—tkw Da n> MwfßH lnwwH—H S. A. C.I.F. mj "ARGENTINE NATIONAL LINE" LOADING H* DURBAN. CAPETOMA. Mi MB AMES MA ANGENTINA 24/25 Mar K/27 Mar Tramportadaa Maritimi Mariana S. A. (L "MEXICAN NATIONAL
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      473 14 iWlk JARDNE —ANTAH Orient Overseas (so+dcMteA Line FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) OMENTA! CHIEF 71 1 SEAS BRIDGE 141 OMENTAL RESEABCHE CHOALIER PAUL IK KPTUNE COtttL 6E NEPTUME PtABL 8E CHEVALIER BOH K (STRAITS CARGO m SO FINANCIER 12C I/) TEN YUNG 43E 12/3 0. LEADERH 17/) SO.
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      1119 15 CICL Overseas Containers Limited samz II H/CWTIIOT: Ifer •Mr »Mm nihr MMr 8 Mr 24 Mm 28 Mir 14 Apr a* M« n Apr UMM umn 4 Mr I KU4 MT II M KMIM M tar II Mr 11 M* MM MM umn 28 Mr Mr 28 Map IBM* MAM
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      1263 15 Ben Ocean Ajcutaennce ofßen Line Blue flmnei Gen Line and NSMO ★1 AMERICAN LINES anum ixruaa comtaimbb hrvici lua.nf far He* Tut, East Curt M UM pam If Miat-MaHkridct. L«t Applet. Saa Fraaosca mt Saatth. UMtmt P. KaUn* L. Anftles Atl/Gaif Laad ID.sck) (Octet) P. EISENHOWER I Mar 6 Ma'
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      777 15 BIN LINE OK* mTTT^^J kmc I'NAvtN p-oarp mm scion La«apar« P. Ul—t fm-r/W Umim Fraaca Mi UJL ScMrtiaaw UMU MAN IMM IK MMm 1 A«r 1 Apr J J J»| IMUINI RUM ttlhr MK B Apr I Apr t J" *C| f" HUIMI 74 Mo IB Mm 14 Apr II
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      Page 15 Advertisements Column 4
      842 15 Scan Dutch V EXPRESS CONTAINER SERVICE WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA fetdtr *P Ktltnf Ytlul (IIWV 4/ 1 Ml NUT EltUtU 11/ 1 Sf LAMIA ILEAHBA It/ I HI MM FRANCESCA > Mi A. MjIAU Ell A VARA i|/ 4 TATAMA S pent Mtpillts 2} Ua 9 HBhtj 4) Cbprj 11/1
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      560 15 GUTHRIE BOUSTEAD SS INKMLtimtt KinUM <*I*l MMTitiM, Htm on. M'teta, Tup Itn D*Rm, t.L, ft., Capet e«m) P(M«| P. Kaliac H/TT Mr Spore 11/11 Ms nan un i tm viiu fn mwm. mamu FOOTiIME ITU P»njnf P. Kelanf 1/1 1(1 Spare 0/11 Ap I LYKES ORIENT LOfB expiess soma mkct
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      824 16 "K" LINE KAWASAKI KJSKN KASHA LTD. FVUI c«rMaaa soma rpon CMTUJa MZZ 7W 1/ 4 M« NEPTRK PCARL IW 1 Mir NBCAI«R 9« II Mar i—mi cbmtamkr nr n«v P. Kelanf MMOM CMTAMOK 1 Mar MUENTAL CtICF 71 11 iar sever sus brine mi 29 Mar MuomL mumm it 7
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      1188 16 E.C. U.S.JL/ATUUmC/6ULF SERVICE ACCEPTOR FCL/LCL CRRTAIRERS FRR* STltt. P. BUM. POUM nut tsrs rmfmi, new rm, mltimme, m« mums, rmstsr. mlvestm uw itber iw port*. l>m«l P. Mw Miw >—H "11. MAONYA PIAMSR" (Km* ttfy) It/11 Mar "VISRVA SIMRI" n/X E. C./GREAT LAKES SERVICE LUM| far: RMPIU, M* Vl*. MMTKAI.
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      916 16 k NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: CHEVALIER IttEt 1/ 4 Mar NEPIVNE KM. I Mar MEtCAIOt II Mar NOIISJUMS CfNTAINEI St Mar OHIEHTAL CHIEF I Apr SEVEN SEAS MIKE IS Apr MIENTAL KESEANCNEI 22 Mr CHEVALIE**AiL 21 Mr tc. MS Span Cl«ia| fats: rm r.WMi m rwri tra*.
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      841 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BERMAD TEL KL *****4 EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA Faatar f. K»lt»i Vitul CUAMM 4/ I M. HUT EIUMM ULAMIA CUAMAA H/ i MM FUHCtSU tkl I Ml. Mil MA S'port 1) Mwilles 8 Mm 3] Hhirj 4) Staff ii/i a/ i a/ i i/«
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      717 16 INTRASEA (PTE) LTD NORASIA UNE REttUR INBEPENKRT SERVICE Tl EMK S ngtpore P KelM| Laatoft M: a Mr It Mv Antwerp/Rottefdaa/ r» INTRASEA (PTE LTR.-4«au3&lM U»Mi7 mm hi snpptM trarim mm, mm \*Kansai Line STRAITS/AUSTRALIA SERVICE N/V ffftf ARELAIRE (Wt My 1177) M/V prairie Sinppore f. Kelw( Laafac tir: S
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