The Business Times, 10 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.(P) No. 218/1/78 FRIDAY, MARCH 10, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Case of profiteering
      82 1 THE Consumer Association of Singapore yesterday accused the two coffeeshop mwifMiatfonii of clearly profiteering by refusing to reduce the price of a cup of coffee by five cents. This Is evident -*bm the drop in coffee bean prices which the associations submitted to the Department of Trade.
      82 words
    • Article
      More SIA flights
      54 1 Singapore Airlines and the Philippines Airlines (PAL) will operate four additional services weekly between Singapore and Manila from next month under an agreement signed on Monday between the two countries. PAL currently operates seven services while SIA has nine services weekly between Singapore and Manila, the Department
      54 words
    • Article
      Lock icon Carter set
      76 1 AP. WASHINGTON, Thurs. The administration of President Jimmy Carter, trying to end the 04-day US coal strike, u set to ask a Judge to order the 160,000 miners back to work. One official said the government is prepared to seek contempt citations and fines against any union locals,
      AP.  -  76 words
    • Article
      Lock icon Direct link
      73 1 Reuter. KUALA LUMPUR, Thurs. The Malaysian Rubber Exchange and Licensing Board will set up direct telecommunication links with the London rubber market within one year, Primary Industries Minister Datuk Amar Abdul Talb Mahmud said today. He said the setting up of the direct links would enable dealers in
      Reuter.  -  73 words
    • Article
      Lock icon Dollar bounces back
      92 1 Reuter. LONDON, Thurs. The dollar gained ground against all major currencies on European Foreign exchange markets today while pre-election Jitters sent dealers scuttling out or French francs. Support for the dollar came from Chancellor Helmut Schmidt of West Germany when he told the Bundestag in Bonn that
      Reuter.  -  92 words
    • Article
      Lock icon Straits talks
      52 1 Reuter. JAKARTA, Thurs, Officials from Singapore, Malaysia and Indonesia today completed preparations for their meeting with Japan tomorrow on navigational safety In the Straits of Malacca. The three littoral countries, in an earlier meeting, had reached agreement on the technical aspects of a traffic separation scheme In the
      Reuter.  -  52 words
    • Article
      Lock icon Dow Jones
      85 1 UPI. NEW YORK, Thurs. Stocks headed higher early today despite a government report that February wholesale prices registered their largest rise in three years. Trading was active. Investors apparently were encouraged the dollar was advancing on European markets, although it was weaker in Tokyo. The market also was
      UPI.  -  85 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Foils Cona Plant 500 -20 K Hamper 291 M Tobacoo 585 -5 CCM 300 -4 YHS 230 -3 DBS 330 -2 Mipaa Cw|a 310 -2 Dunlop Eat 306 -2 F E Levinfaton 284 -2 OUB 252 -2 Prima 244 -2 Rites RaJunaaHyd 320 10 Tamertob Tgaau Dot
      125 words
    • Article, Illustration
      In Kuala Lumpur
      167 1 Rites P. Chem Talplng Con N Iron Rahman Hy Kempas Perils Tractors Chersonese A.Hltam K.L. Ind 2.80 3.10 3.60 3.28 4.02 2.00 3.76 2.45 9.70 0.79H +.10 .10 +.10 +.08 +.08 .07 .06 .06 .05 .04H Folk Kramat Supreme Corp Consol Pit 8. Trading Tronoh 5.90 2.78
      167 words
  • Article, Illustration
    Weak US$ erodes bond prices here
    582 1  -  INVESTORS STILL HOLDING ON By JOHN TAN CONTINUING weakness In the US dollar since the end of last year has not been without effect here. Financial Institutions and Investors in the Republic have seen the prices of their bonds falling sharply as the deposit
    582 words
  • Article
    JAPAN STAYS IN THE LEAD AS TOP PARTNER
    260 1 FOR THE first month of this year, Japan maintained Its lead as the major trading partner of Singapore. Total trade with that country came to *628.2 million. In second place was the United States (5510.2 million followed by Peninsular Malaysia (1483.7 million).
    260 words
  • Article
    Assayer status augurs well for gold futures
    487 1  -  •y RONNIE LIM THE LONDON gold market's recognition of the Chartered Industries of Singapore as approved assayers wIU enhance prospects for establishing a gold futures exchange here. The new status accorded Singapore will also support the gold transaction market In this region, according
    487 words
  • Article
    Panama will return
    383 1  -  ■y SON TIANG KENG PANAMA'S first Asian dollar bond issue has been increased from US$25 to $30 million (5557.5 to $69 million) due to strong demand from Asian investors. Panama's financial adviser, Dr. E.P. Ballad ares, indicated last night his country wUI come to the Asian dollar
    383 words
  • Article
    A matter of time before Sime is back home
    326 1 THE SIME Darby group ia finally coming home. Ai a dinner hosted by the Croup for delegates of the Aaean-Weat Asia Investment Conference Sime Darby chairman, Tun Tan Siew Sin announced that "the board has decided to recommend to shareholders that
    326 words
  • Article
    Hume leaps to $8.2m pre-tax at half-time
    554 1  -  h MANO SABNANI PROPELLED by the sharp advance of Its main Malaysian subsidiary, Hume (Par East) has reported vastly improved results for its first six months ended Dec. 31, 1977. Group pre-tax profit leapt 134.2 per cent to $8.28 million on an Increase
    554 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      8 1 SAFE WITH AN ITOKI SAFE (fl6) i niw»m.tm
      8 words
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      Page 1 Advertisements Column 2
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      176 words
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      Page 1 Advertisements Column 3
      78 1 mm SHIPPING TIMES TOP Swedish mission ii«f 2 UK's trade with the Third CONFERENCE on produc- World.. 7 dvity committees 2 LETTER to the Editor 7 PEOPLE in hmtixii 2 PRIMA Bhlm oat hi oeoondSPECTRE of in-fighting half II MWg local yards I URA sixth tender results 12 WEIGHING political
      78 words
    • Advertisement
      Page 1 Advertisements Column 4
      300 1 ~\=~~^,)*;&_!:`{{:`!{;'>&%++:.| M J 1 t it m -m. >«*&&< TT&ZSt $«te V>ft •*> •5$ w. > n r v >"> E-J6 \Kt t "«ttjr I?! Wayfaong MAF. We make yam money work far you. "I work hard for my money" Lee Hong Tong, Manager make your money work hard for
      300 words
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  • TRADE AND INDUSTRY
    • Article
      Proposed US tin gift to ITC gets backing
      461 2 A PROPOSAL that the United States contribute 5,000 tonnes of tin to the International Tin Council (ITC) buffer stock is supported by Deputy Assistant Secretary of State for International Affairs and Food Policy, Stephen Bosworth. Mr. Bosworth told the Senate Subcommittee on
      461 words
    • Article
      Lock icon Australia's visible trade surplus rises
      165 2 Reuter. AUSTRALIA'S seasonallyadjusted visible trade surplus widened to AsB9 million In February from $75 million in January (*****.4 million from Ssl9s million) compared with a $3 million deficit in February, 1977, the Statistics Bureau reported yesterday. Exports fell to $979 million and Imports to $890
      Reuter.  -  165 words
    • Article
      Top Swedish industrial mission due this weekend
      404 2 A NINE-MEMBER Swedish Industrial group will be in Singapore on Sunday as part of its familiarisation tour of South Korea, Hongkong. and the Philippines The visitors who represent the Axel Johnson Group a large Bwedlsh industrial conglomerate will be here for two days.
      404 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      203 2 MWM-Diesel Tar East in Singapore has appointed Mr Patrick Lok Ktig Koag (above), as director of finance and administration. Mr Loh, 34, who had his accountancy education In Australia, will be In charge of the company's finances east of Pakistan including South-east Asia, Australia, and New Zealand.
      203 words
    • Article
      Lock icon Thailand slaps higher tariffs on 141 items
      544 2 Reuter. THAILAND has raised import tariffs on 141 items, ranging from electrical appliances to processed foods. It also ended the longstanding fixed exchange rate of its currency against the U8 dollar. The government said these measures would cut the country's trade and payments
      Reuter.  -  544 words
    • Article, Illustration
      Efficiency in productivity committees
      264 2 THE GOVERNMENT, labour and management will hold a two-day discussion on how to make productivity committees more effective. The tripartite conference will be held on April 21—22 at the Shangri-La hotel. About 200 delegates from the National Productivity Board, NTUC, Singapore Employers Federation, Singapore Manufacturers Association
      264 words
    • Article
      ON-LINE COMES TO UOF BRANCHES
      168 2 UNITED Overseas Finance has gone on-line making It the first finance company here to run a fully computerised savings account service. All six branches of UOF, a subsidiary of United Overseas Bank group, went online this week. Under this computerised system, customers can make deposits
      168 words
    • Article
      MEMO PAD
      220 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 13 Administrative Mar 31 management YWCA, Marine Parade University of Singapore Mar 4 11 Business strategy: Formulation and Implementation SIM Conference Room SIM 4 11 Telephone Techniques and Courtesies SIM Conference Room SIM Mar 5-11 3rd Asian Congress of Secretaries
      220 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      352 2 FROM FEDERAL PUBLICATIONS LiM i r v\\ 1 mill I. \\\> a a step-by-step guide An easy to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this
      352 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      496 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS Communist (S) 12 Edge (3) IS Audacity (8) If Clemency (ft) IS Prepared to fight (ft) IS Light source (I) SS Beam (3) 21 Pood allowance* (7) a mut (>)'. a Conclude (ft) U Spool (4) a Rube out (ft) Oame(ft) 27 Congregate (ft) Metal
      496 words
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  • OVERSEAS
    • Article
      Lock icon US intervenes but not to peg dollar's rate
      954 3 Reuter. AMERICA is not Intervening in foreign exchange markets to establish a particular rate for the dollar but to calm disorderly conditions. This was disclosed by New York Federal Reserve Bank vice-president (foreign), Scott Pardee at the Fed's Quarterly briefing on the
      Reuter.  -  954 words
    • Article
      Lock icon CARTER ADMITS GRAVITY OF PROBLEM
      302 3 Reuter. PRESIDENT Carter said the United States has serious problems with the strength of the dollar even though its economy is Improving. Mr. Carter spoke on Wednesday at a ceremony swearing in William Miller as chairman of the Federal Reserve Board. Making only a brief
      Reuter.  -  302 words
    • Article
      Lock icon Estimate of budget spending shortfall
      473 3 Reuter. WASHINGTON officials estimate that US budget spending this year will be US$5 billion to $10 billion (SSI 1.5 billion to Ss23 billion) lower than latest projections. An Office of Management and Budget spokesman said that OMB director James Mclntyre is concerned by the emerging
      Reuter.  -  473 words
    • Article, Illustration
      Lock icon CRUDE PRICE HIKE
      362 3 Agencies. THE US Energy Department has announced that it will increase crude oil prices by as much as 6 US cents (14 Singapore cents) per barrel during each of the next three months because of inflation. A spokesman said the increases for March, April and May are
      Agencies.  -  362 words
    • WORLD IN BRIEF
      • Article
        Lock icon THAT WEAK FEELING
        456 3 Agencies BELGIUM'S economy remains weak but a slight improvement is possible In the coming months, the Ministry of Economic Affairs said in its monthly study. Growth of household consumption has remained moderate and expenditure in productive investment low, while construction, apart from seasonal Influences. has fallen. THE
        Agencies  -  456 words
    • Article, Illustration
      Lock icon Foolhardy to reflate French economy says Barre
      270 3 Reuter. FRENCH Prime Minister Raymond Barre (above) said calls for a sizeable stimulation of the French economy at present arise from either ignorance or electioneering. The last time France had tried to reflate when the rest of the world was showing slack growth
      Reuter.  -  270 words
    • Article
      Lock icon Still hope for Brazil
      174 3 Reuter BRAZIL still has a good chance of balancing its trade this year, despite expected crop losses and lower average export prices for some of its leading farm products. Director of the Foreign Trade Department of the Bank of Brazil (Cacex), Benedlcto More Ira, said it
      Reuter  -  174 words
    • Article
      Lock icon No accord yet with foreigners on Bonn tax
      281 3 Reuter WEST Germany is continuing international talks on ways to compensate foreign shareholders in German shares for disadvantages they suffer under the German corporation tax reform, but there Is still no firm prospect of general agreement. Finance Ministry sources said that, under
      Reuter  -  281 words
    • Article
      Lock icon UK balance of payments in top form
      868 3 Reuter. BRITAIN'S balance of payments snowed a surplus of £7.4 billion (SS33 billion) last year, compared with deficits of £3.6 billion in 1976 and £1.46 billion In 1975, Treasury statistics revealed. The spectacular turnround was largely due to an inflow of capital. Confidence
      Reuter.  -  868 words
    • Article
      Bank of Canada's rate
      349 3 THE Bank of Canada raised its bank rate from 7Vi per cent to 8 per cent, effective yesterday. It is the first rate change since May 6,' when it was reduced from 8 per cent to 7Vk per cent. Governor of the Bank of Canada, Gerald
      349 words
    • Article
      Excessive value of sterling can be damaging
      329 3 THE CHAIRMAN of Britain's Imperial Chemical Industries, Rowland Wright, aald if the sterling exchange rate continues above the level justified by the relative performance of the UK and Its main competitor countries, It will have a very damaging effect on British Industry's exports.
      329 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      273 3 readers Because only Hie Journal givespeople somuchofwhat they need to know in business. The Asian Wall Street Journal is the only regional publication that provides Asia-wide business news every business day. With the most comprehensive reportage of regional commerce, industry and finance. And with penetrating analyses of the key international
      273 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      434 4 THE market closed slightly higher with April One RSS buyers quoted at 205.00 cents per kilo, up 2V» cents from Wednesday's close, in Singapore yesterday. Morning prices rose slightly, after a frac-* tlonally lower opening, on Improved forward demand and short-oovering. Prices gained further ground
      434 words
    • Article
      RAS PRICES
      307 4 Prices In cents per kilo yesterday: Noon (per kilo) QOM (per kilo) Int. 1 R.8.8. prompt f.o.b. Int 1 R.8.8. April Int i R.8.S May Int. 2 R.8.8 UK/Cont. Int. 3 R.8.8 UK/Cont. Int. 4 R.8.8. UK/Cont Int. 5R 8.8. UK/Cont. Buyers 203.00 204 25 204.75 199.50 198.50
      307 words
    • Article
      SSR AND SMR
      102 4 NOON SSR and SMR prices yesterday: HAS SSR20 (1— ton pallet) April (Current Mtfc) Buyer* Seller* (cents per kg) 194.50 198.50N (Foe Buy*. (en 195.50 £SIM> 1 Seller* ■U perkf) 197.SON SSR50 (1—ton pallet) 192 50 194 50N 193.50 195.S0N MRELB SMR5CV SMR5L SMR 5 SMR 10
      102 words
    • Article
      Closing prices
      30 4 Rubber: March 9: Singapore: April 20C.Q0 cent* (up 2,50 centa) Malaysia: April 208.28 emu (up 0.75 cent) Tin: SI.IM (down >10) Official offering: 210 tonnoa (up 39 tonnoa).
      30 words
    • Article
      Rice
      188 4 IN HONOKONO yesterday, the market was steady with prices up to 80 cents lower, dealers said. Turnover totalled 387 tonnes comprising Thais 130, Kwangtungs 181 and Australias 76. The only arrival was 480 tonnes of Kwangtungs. All prices in HK dollars per plcul exgodown unless stated): Thai While: 100
      188 words
    • Article
      Produce exchange
      350 4 COFFEE prices fell sharply In a generally mixed Singapore produce market yesAll grades of the commodity were marked down by $40 per picul by the Singapore Chinese Produce Exchange with top quality AP 1 quoted at $3M) and Lampong Robusta at $200 per picul f.o.b. Prices held steady
      350 words
    • Article
      Coffee
      387 4 ROBUST A futures closed In London yesterday morning steady 142 to i' 7 up from previous night. Volume totalled 1,459 lots Including six options. Dealers noted so far, tenders in store totalled 24, tenderable gradlngs 67, while the spot March uncovered position was declared at 2,489. Dealers said physical
      387 words
    • Article
      Sugar
      196 4 On Wednesday terminal sugar closed with on balance losses of C 1.30 to C 3.60 per tonne with new contract lows in forward positions in London Turnover totalled 5,902 lots including 28 options. 15* n arket attracted light selling mld-after-noon based on the larger f c C white sugar
      196 words
    • Article
      Palm oil
      71 4 C.I.F. US dollars per ton. LONDON. i Malaysia 5%ffa bulk May Sumatra 5%f fa March April May June July Au§ Nigeria 5%ffa bulk ROTTERDAM: Sumatra March Zaire < Belg francs per kilo) Wednesday 580 sir 590 pd 600/805 pd 580 pd 555/582'i pd 45?'V580 pd 520/525 pd unq
      71 words
    • Article
      Straits tin
      225 4 THE Btralts tin price In 1 Penan* yesterday fell Mslo to yob on an official offer- lng of 210 tonnes. In LONDUM yesterday, values lost £9 for cash and £8 for Three Months In both contracts. Despite the downturn at Penang, pre-market values were maintained. The market in
      225 words
    • Article
      Cocoa
      321 4 TERMINAL cocoa In London yesterday finished the morning with pared gains from previous night of 133 to i°2s per tonne, having staged a 140 limit advance in near May mid-session at f1.763. Turnover totalled 3,210 lots Including 34 options and 1.339 lots self traded. Dealers attributed the limit rise
      321 words
    • Article
      Hongkong comex
      306 4 THE sugar market closed easier in quiet trading. Volume totalled 17 lots against 10 on Wednesday, dealers said. May, September and October were the only months traded, which had losses ranged around U50.07 cent* on commission house stop-loss selling, they added. Straddle transactions between May and October were
      306 words
    • Article
      Soybean
      123 4 SOYBEAN futures held most of Wednesday's gains Into the close, finishing 22 to 10-1/2 cents a bushel higher but about five cents below early highs In Chicago. The market opened strong as dollar weakness and inflation fears stimulated speculative buying and short-covering. The buying encountered little selling and prices
      123 words
    • Article
      Wheat
      92 4 WHEAT futures closed In Chicago with gains of 2% to IV» cents a bushel in most months but below early highs which had brought five-cent gains on Wednes*After advancing early, the March contract finished unchanged as liquidation against limited buying Interest erased Its gain. The market moved up strongly
      92 words
    • Article
      Silver
      225 4 On Wednesday, silver on the LME rose by 8.2 to 8.7 pence per troy ounce. The early strength In gold and US silver futures gave the market further impetus during the afternoon with Three Months trading upto 281.5 pence In first ring dealings. A subsequent steadier trend in the
      225 words
    • Article
      Gold
      256 4 THE London morning gold fix was U*****.9% down $2.05 from the previous. Retail prices per tael quoted by the Singapore Chinese Oold and Silver Merchants Association are $540 for 90 per cent gold, $570 for 22k gold and $800 for 24k gold. In HONGKONG yesterday, gold closed HK$l higher
      256 words
    • Article
      Copper
      350 4 COPPER wlrebars In London yesterday morning rose by £7 for cash and £7.50 for Three Months. Values were given an early pre-market lift by general covering which dealers attributed to the Carter administrations' support for the revolving stockpile fund Involving the purchase of copper. Three Months. traded upto £662
      350 words
    • Article
      Lead
      86 4 LEAD finished In London yesterday morning showing gains of mostly £6.50 per tonne. Values worked erratically higher during the morning with general short-covering in line with the copper trend, running Into bouts of profit-taking. Three Months traded upto t'3o9 with chart and stop-loss buying giving additional support around the
      86 words
    • Article
      Zinc
      57 4 ZINC gained C 3.50 for cash and 14 for Three Months In London yesterday. This metal reflected the trends in copper and lead with light-weight covering taking Three Months upto 1265.50 during featureless ring dealings of 775 tonnes. On Wednesday, Three Months traded upto £263 before hedge-selling cut the
      57 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        480 4 THE US dollar continued to come under pressure on the foreign exchange market yesterday, especially against the Japanese yen, though during the early hours of London trading, the US unit tended to stage a slight rally against the other major currencies. Opening on the local market at 234.05/20
        480 words
      • Article
        Minimum lending rates
        74 4 THE AVERAGE print rate of banks in Singapore stands around 7 par cent, with the range running between «V« per cent and 7 1 per cent. Oversea-Chinese Banking Corporation is st the lower end of the range while a number of banks, including Citibank and Development Bank
        74 words
      • Article
        Asian $ rates
        175 4 Asian rates ASIAN currency deposit Interbank ratea as at close on Mar 9 US Doll an(SpM) BU Offer 7 days 15/16 6 13/16 1 mth 7 1/8 7 2 mths .7 3/16 7 3 mths »7 5/16 7 3/16 4 mths 7 5/8 7 1/7 9 mths 7 13/16 7
        175 words
      • Article
        Zurich
        79 4 ZURICH rxr haiiRr* vkwlitf quote*on Mar 8: UN I IM» HUM SUrllug :i HM6 0658 Can I 87*4 6834 II Mk 4455 8321 II H 87 SS50 9807 Y Kr M 4.1M SK20 II Kr (1044 <m I II Kr 54 (U«8 1281 N Kr .15 7224 8305 M
        79 words
      • Article
        Frankfurt
        33 4 EtKTiE s.fstRsr am aurttacllMl d ritt 8 rr 1« M/1M 30 Lit 23ft/37t r rr «i at/«2 N Kr M IMD B Pr (con) 410/423 B Fr (fin) 41/42 Yen 0 M4S/M
        33 words
      • Article
        Discount
        43 4 RANGE OF price* offered by dl»count houses on Mar 8 Overnight Vo% Call deposit 3%% Cleaiac 3-Munlh Buytag llia« Treasury bills 33/16 31/16 3-Month Hunk (Mils <7/8 43/4 .1-Month CD 51/16 4 13/16 6-Month 57/16 5 5/16 Source: National Discount Co Ltd.
        43 words
      • Article
        Euro $ rates
        62 4 Euro rates LONDON Eurodollar deposit* opening quote* on Mar One mth 7-1/6. 7 Two rath* 7-3/16. 7-1/1* Three mttu 7-3/6. 7-1/4 Four mttu 7-1/3, 7-3/> Five mttu 7-9/16, 7-7/16 Six mttu 7-11/16, 7-6/16 Nine mttu 7-13/16. 7-11/16 One year 7-13/16. 7-13/16 US dollar 16-13/16. 18-13/16 Weekend J-5/6. 1-1/3 Mon/Tuet 6-13/16,
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      • Article
        Duty rates
        66 4 THE Malaysian Minister of Finance has fixed these rates for the period from Mar 9 until further notice: Rubber 209-1/8 cents a kg, copra $006.41 a ton palm kernal $239.03 a ton. The rates of duties payable are: Rubber 35-1/4 cents a kg, research cess 1 cent a
        66 words
      • Article
        London
        232 4 ENCOURAGED by President Carter's formal admission on Wednesday night that the US has serious problems with tne dollar, It extended early gains against several major currencies In fairly active opening trading. The French franc featured, falling to 4.8275/8325 against the dollar from 4.79/80 overnight, with France now only three
        232 words
      • Article
        Tokyo
        327 4 THE US dollar for overnight delivery closed sharply lower at 233.60 yen, after falling at one point to a post-war record low of 233.40, compared with 235.00 at the opening. The Bank of Japan bought art estimated S3O million at 233.50 yen In the afternoon to check a further
        327 words
      • Article
        Hongkong
        169 4 YESTERDAY, the dollar weakened against the yen in active trading but firmed quietly against other currencies, with some speculative switching from marks and Swiss francs to yen. The US unit slipped to a low here of 233.25/50 yen before firming slightly to a late 233.55/75 against New York's 234.90/235.30.
        169 words
      • Article
        Eurobonds
        277 4 Hlr.iffcu FFIStf 8V.87 Courtaulds sis •*M BM 98 00 96 00 Oflkr 90.75 90 75 NatomaaSM West Mining 992 Toray Ind 7*04 Citicorp 8\ 80 92 25 •7.87 84 75 •7 25 •3.00 M.37 •6 28 07.71 EIB It* 8V. B2 97 75 98 50 •0 12 •7 JO
        277 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      155 4 'S&S&i-Z asia®~ MM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that have taken place in all important sectors of the economies of countries in East and Southeast Asia. The Bulletin is divided into six separate reports of about 8,000 words each.
      155 words
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  • TRANSPORT
    • Article
      Lock icon Hopes are high for Airbus breakthrough in US mart
      434 5 Reuter. WESTERN Europe is on the brink of selling 20 Airbuses to Eastern Airlines, in the United States. French Transport Minister Marcel Cavallle said the breakthrough for the 250-seat airliner on the American market may come in about two weeks. "I
      Reuter.  -  434 words
    • Article
      Frequent services augurs well for Aussie trade
      211 5 AUSTRALIA'S trade with South-east Asian countries is expected to increase significantly following more frequent shipping services between the two regions. The Anro consortium's roll-on and roll-off service between Australia and Singapore reached full strength earlier this week when its third vessel the Anro
      211 words
    • Article
      Lock icon Marseilles traffic up
      373 5 AFP. SOUTH-EAST Asian products passing through the French port of Marseilles have increased considerably since the opening of the Suez Canal, the port authority's Director of Commercial Relations, Mr. Y.P. Remond, said yesterday. For instance, the port was handling about 43 per cent of the French trade
      AFP.  -  373 words
    • Article, Illustration
      SHIPS IN PORT
      490 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anna K (Tanker) (0700 subject gas free) 13/14 Cherry Vilja (B. Barge) (1200 after Ocean Supply sails) 48 Oolden Glory (1900 after Irmgrad Jacob) 25 Marla-N (0300 after Idaho hauls) 38/39 Nordhausen (0600) 8/7 Ocean Supply (B. Barge) (after Cherry Villa sails)
      490 words
    • Article, Illustration
      Spectre of price war hangs over shiprepairing
      839 5  -  By TERESA LIM SINGAPORE Is possibly the lowest cost area In the world for shlprepalring. But while this reputation may have done much to attract shiprepair Jobs here, it may also signal the start of a pricewar locally. "Singapore can be considered the
      839 words
    • Article
      Lock icon LONDON FREIGHT
      103 5 AP SINGLE-voyage opera- tions came to a virtual standstill on Wednesday as far as reported business was concerned, thus leaving It to the time-charter section to provide Interest. In the Far East, Burma Five Star Line booked the 14,860 dwt "Al Rahlm" at U553,950 per day for a
      AP  -  103 words
    • Article
      KIC takes over six Seaspeed vessels
      137 5 KUWAIT Investment Company (KIC) has taken over six Seaspeed vessels. It used to own Seaspeed Arabia, Seaspeed Asia, Seaspeed Dana, Seaspeed Dlma, Seaspeed Challenger and Seaspeed Master jointly with Marshlp Corporation Piraeus. But KIC has now taken over all the shares in the vessels
      137 words
    • Article
      Braniff's desperate request
      122 5 BRANIFF Airways, locked in a dispute with the British government over proposed cheap air fares between Dallas and London, asked the US government for emergency rights to fly to four other European cities. Branlff said It needed to fly directly to Paris, Frankfurt, Amsterdam and Madrid "desperately
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      648 5 ARRIVALS Service Local Operator Number Time From KAL KE807 0015 SEL PAA PA005 0215 SFO/HKO CAL CI331 0040 TPE/HKG/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL OIA GA980 1030 HLP
      648 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      270 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 "f CaH us for your locnl or onward reservations ~JT M i IB I 1 S3 9, V SI a i i 1 1 m Z>s m i i \ii f i <•■2 0! p Si"? XL Tf«ll ff \> <»
      270 words
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  • Article
    Debts write-off won't work
    443 6 A SUGGESTION that developed countries consider cancelling some of the debt owing by the poorest developing countries. DUt forward bv a senior official In the US Department of Economic Affairs two weeks ago is not surprisingly meeting with frigid response. Admittedly, some countries may feel sufficiently
    443 words
  • Article
    Asean will is still lacking
    264 6 THE FIVE countries of Asean have a great capacity between them, to become a significant economic force in the global economy. All the materials, manpower finance, and increasingly, the skills canbe found inadequate quantities in Asean. All it needs is for entrepreneurs in the countries
    264 words
  • Article, Illustration
    Playing the oracle in an uncertain world
    1742 6  -  Br SIVA ARASU IN THE boardrooms of the multinationals, decisionmaking is very much a scientific process. Intuition is important, no doubt. Still, it Is unfailingly complemented by a thorough probing and analysis of all relevant factors. Nothing Is left to chance, for one
    1,742 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      650 6 smoapura FORUM® HOTEL *OkMn«fMv US Orchard Rood, S'pore Tel: 3711Z2 408/407 Havelock Road, S'pore 3. Tel: 4ISMI Come and be enchanted by the repertoire o f the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till 2 am the Pebble Bar. Coffee Shop
      650 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHER outlook for Singapore from 6 a.m. to noon today: local showers in midmorning. REPORT for 24 hours prior to 7.30 pm on March 9 at the airport. Maximum Temperature 31.8° C Associated Humidity 64 Minimum Temperature 24.2° C Associated Humidity 100 Hours of Sunshine 6.35 Rainfall in Millimetres Nil
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      267 6 SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee The Impossible Dream A Mandarin film (Repeat) 4.35 Intermission 605 Opening announcements followed by Exercise with Gloria o.JO News in Brief 6.35 The Tony Randall Show Case: Mario Strikes Again 0 7.05 In Search Of UFO's 0 7.30 News and
      267 words
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  • Article
    UK's trade surplus with Third World
    1825 7 This review of the UK's trade with the Third World is an adapted extract from this month's issue of The Standard Chartered Review, a publication of the Standard Chartered Bank, UK. THE all-Important factor in the UK's 1977 trade was the development of domestic
    1,825 words
  • Article
    Armchair timber traders
    561 7 Letter to the Editor Dear Sir, I refer to your article on "Exporters of timber want tighter rein on licences", printed on Wednesday March 8. I wish to rebut some of the comments made by certain timber exporters, as follows: The views expressed are only representative of
    561 words
  • Article
    STRAWS IN THE WIND
    451 7 I WAB served this amazinglooking drink in a hotel coffee-shop the other day bright grass green, it was, and painfully sweet. "Sugar Cane Juice" it called Itself on the menu. Yes, and fresh out of a tin too, or perhaps a syrup bottle, I surmise. Ah
    451 words
  • Article
    The Japanese innovator
    780 7  -  IFOBUM. —< 0D economics ly JOHN DRYSDALE Mr. Drysdale is a director of Asia Research Pte Ltd. SOME advertising genius i once said that the use of the word "New" In the text of an advertisement has a compelling fascination for the beholder. This dictum has been
    780 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      303 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA 15 Claymore Drive, Singapore
      303 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      55 7 BriStcW-Fnok DuJseds I SUPPOSE HPiVC Tms T«DU6LC with f\UTrte ScHOOC L£AVe<?S p once ne so DUPNe-Tms is tuc Of H\S Own P&C J &o1 1 /s POST ftov-iws IS DOftNe &LOGGS 'Tu)o FPkLtS Two t an pi khocjwdut 10 Decioe V Tu next Be fMi kc»mt owee Me smers wee*
      55 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Miners restrain sentiment
      1077 8 New York BARGAIN hunting and some Improvement of the dollar overseas helped overcome worries about the coa) strike and sent prices higher in active trading on Wednesday. Analysts also attributed support to hopes that an energy bill #(T) soon be passed which could help stabilise the dollar.
      1,077 words
    • Article
      Stock prices end generally higher
      380 8 EUROPEAN MARKETS SHARE prices In most of the European bourses closed generally higher on Wednesday. A few bourses like Paris and Milan, however, closed lower in moderate trading. Prices In Frankfurt were marginally higher on balance with large purchases by some big Investors. Banks were
      380 words
    • Article
      Amsterdam
      226 8 MAR M Fls Ahold 100 00 unch Akzo 21.80 unch Algbank 341 00 +0.5 AMEV 81 00 1.3 Amfas 109 00 1.6 Am rot Bunk 73 30 +0.2 Bergoss 57.20 unch Berk 98 50 -2.7 Bols 69 10 -1.9 BorsumiJ 140.20 -0.3 Burhmann 66 50 -0.2 Byenkorf 81.50 +0.5
      226 words
    • Article
      Paris
      275 8 MAR R Frs CORBEILLE Air-Llquidt 250 -3 B S N Gervats Danone 353 unch CSF(ThomsonC»f) 140 40 unch Cle Francai* d«s Petroles ***** 1.3 Compagnie Financlere Compagnie General* 280 -7 5 Credit Fonder De France 294.50 unch Hachette (Libralrle) 120 unch Machines Bull 25 30 ♦0.1 Mlchelln(B) 1069 •IS
      275 words
    • Article
      Frankfurt
      218 8 MAR OK Dm Aef-Telefunken 88 70 +0 2 Akzo 20 50 ♦0.1 Allz Leben Allz Vers 483 ♦9 BASF 137 90 ♦0.5 Bay H T Wbunk 287 1.5 Bay Vbank 322 ♦3 Bayer 138 30 ♦0.7 BBC" 2V7B BMW 227 50 •1.4 Cussella 380 Chem Verw 224B Commerzbank 231
      218 words
    • Article
      Zurich
      186 8 MAM m Francs Action* Hutxan 285 ♦S Alusuisse Br 1180 5 AlmutrnKri MI 12 Brown Bowl Br 1580 ♦S Obu Geigy Br 1123 23 Clbu Or icy PC 833 33 Clba Qeigy 630 -2 Credit Suisse Br 2280 ♦3 Credit Suisse Ret 430 ♦3 Dektrowalt Br 1310 10 Oeorie
      186 words
    • Article
      Brussels
      92 8 MAR H Frs FORWARD MARKET Acec 223 5 Arbed 2190 -30 Astur 500 -12 Brascan 426 *2 Bru-Lamb 1*06 -2 Canpuc 473 unch t'ock 354 De Beers 165 Ebes 2355 unch Elect robe! 6050 -10 Gb-Inno-Bm 1R55 -S Gev 1236 unch Hobok 2250 unch fvtro 3810 -25 R)l Dutch
      92 words
    • Article
      Milan
      101 8 MAR m Lire Ante 132 Assoc Gen ***** f 10 Bastogl 501 -19 Centrale 3651 -44 Fiat 1965 -16 Finsider 80 25 -4 25 Gen Immob 79 -2.75 IFI Pri 2J74 -13 Ilalcemenli ***** -310 llalgus 645 •IS Italsider 136 50 -2 Magnet! M Pf 399 50 -5.5 Murellt
      101 words
    • Article
      Selected indices
      65 8 FINANCIAL TIMES INDUSTRIALS Wednesday 446 7 Tuesday 84 H to 85 H.K HANG SENG Tuesday 444 1 Week Ago 443.8 DOW JONES AVERAGE INDUSTRIALS Wednesday 750.87 WccK AgO ALL ORDINARIES Thursday 445.58 Wednesday 443 26 Tuesday 746 79 Week Ago 441 86 Week Ago 743.33 LONDON DOLLAR PREMIUM
      65 words
    • Article
      Lock icon Shares move lower
      598 8 Tokyo Source: DBS-Daiwa AFTER a firm start share prices turned lower due to Investor anxiety over the sharp appreciation of the yen to 234 against the dollar on the Tokyo foreign exchange market yesterday morning. As a result, export-related hit and thinly traded. Nevertheless sell orders for
      Source: DBS-Daiwa  -  598 words
    • Article
      Hongkong
      388 8 ON reduced turnover, the Hongkong market tended to drift easier in spiritless trading yesterday There were no attempts to move the market either way and no sector was particularly Inspiring Brokers were hard pressed to discover a reason for the strength of HK Wharf at 14.50 and new world
      388 words
    • Article
      Sydney
      347 8 THE stock market In Sydney closed firmer with minings aided by higher metal prices yesterday. BHP added four cents to A 55.44 as did ACI to 1.80 and the Bank of NSW to 5.12. Other banks advanced, properties steadied and brewers and retailers firmed. CBR gained six cents to
      347 words
    • Article
      CHICAGO BOARD OPTIONS
      1546 8 March 8 TRADING on the Chicago Board Options exchange came to 108,678 contracts on Wednesday compared with 111,882 contracts on Tuesday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am
      1,546 words
    • Article
      Manila
      160 8 THE market closed mixed yesterday, with mining and commercial averages posting gains, while oils declined as turnover rose to 0.58 million pesos from Wednesday's 4.43 million. Atlas. Phllex and Lepanto gained five, four and threej points respectively. Trading in the mining sector improved on favourable metal prices. MAR M
      160 words
    • Article
      Bangkok
      162 8 MAR M Bahts ♦A Asia Fibre 278 41 Bangkok Bank am 42 Bangkok Invest. 384 -2 Bangkok-Metro-politan Bank Bau 820 unch 1 BerllJucker S12 -4 1 Carpet Intnl 420 unch < Charoong Thai Wire 442 42 1 Dumex DusttThani 370 4-1 1 Faber MerUn First Trust MO -20 Genera
      162 words
    • Article
      Toronto
      256 8 SHARE prices on Wednesday j closed higher in active trading., The composite Index was up 3. 1/2 points while the gold Index,, up more than 43 points, posted i its best gain in two months. i *o ,ume totalled shares, up from! 2.752,512 shares on Tuesday. MAR 08 C*
      256 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      332 8 Slow boat I ffIUC s *a* fc **LJL^A <$0* Z CHINA TRADE QUARTERLY f* East Publications RT *913, Hanglung Centre, Paterson Street, Causeway Bay. Hong Kong. |T"| Please enter my full subscription to China Trade Quarterly. I am a cheque/money order for USS2OO.OO or equivalent in other currencies. IT] Please
      332 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Heinz reports higher results
      157 9 NORTH AMERICAN COMPANIES Reuter. H.J. HEINZ CO., the processed foods manufacturer, reported a 15 per cent rise In profits for its third quarter, and said It was "well on Its way to reaching Its 15th consecutive year of sales and earnings gains." Heinz said Its profits
      Reuter.  -  157 words
    • Article
      Lock icon Nomura plans stock fund
      72 9 Reuter. NOMURA Securities International Inc said It filed with the Securities and Exchange Commission for establishment of what It said would be the first US index fund comprised entirely of Japanese common stocks. The fund, Nomura Index Fund of Japan Inc, will be an open-end, no-load
      Reuter.  -  72 words
    • Article
      Beatrice
      51 9 BEATRICE Foods Co said directors voted to Increase the quarterly dividend to US27 cents a share from 24 cents, payable April 1, on record March 17. The company estimated sales were $6.2 billion In the year ended Feb 28 and repeated an earlier forecast of record earnings for fiscal
      51 words
    • Article
      Lock icon Gulf income hit by low prices
      242 9 Reuter. QULF and Western Industrie? Inc said all Its groups had operating profits for the first half of fiscal 1978, although declines were reported by its manufacturing, natural resources, consumer and agricultural products and paper and building products operations. Oulf and Western earlier reported
      Reuter.  -  242 words
    • Article
      Lock icon Canadian Pacific
      59 9 Reuter. LAN Sinclair, chairman of Canadian Pacific Ltd, said the company will move its head office from Montreal if the ruling Parti Quebecoia forces it to operate in French. "If we can't operate effectively and efficiently there, we'll leave, but we will try every way we can to
      Reuter.  -  59 words
    • Article
      Lock icon Exxon expectations
      254 9 AP. EXXON Corp. expects to earn returns of 15 to 20 per cent on Its investments in oil development in northern Alaska and the North Sea. But chairman Clifford Garvin in Washington said that even higher profit margins will be needed to justify continued exploration and development in
      AP.  -  254 words
    • Article
      Lock icon Carter Hawley Hale woos again
      129 9 Reuter. REBUFFED as a suitor by Chicago's Marshall Field, the Los Angeles-based Carter Hawley Hale stores chain said It is holding merger discussions with John Wanamaker of Philadelphia. Carter Hawley Hale said its talks with Wanamaker were only preliminary. Wanamaker has 15 stores in the
      Reuter.  -  129 words
    • Article
      Chase's exchange offer
      63 9 CHASE Manhattan Corp said it is offering to exchange shares of its 6V« per cent series "B" preferred stock for outstanding per cent convertible capital notes due 1093 issued by its Chase Manhattan Bank unit. The company says it is also offering to exchange 7.6 per cent
      63 words
    • Article
      Lock icon Cold summer deals a blow to Unilever Ltd and NV
      291 9 EUROPEAN COMPANIES Reuter. LONDON: Unilever Ltd and NV reported combined fourth quarter pre-tax profit of £125.4 million (£133.9 million), making total £550.0 million (£610.8 million) for 1977. Combined sales to third parties £2.48 billion (£2.29 billion) in fourth quarter, making
      Reuter.  -  291 words
    • Article
      Lock icon Strikers asked to leave factory
      104 9 Reuter. COLMAR: An arbitration committee ordered the evacuation of the RhonePoulence SA subsidiary Rhone-Poulence textile factory here which has been occupied by strikers for several days, union sources said. At a strike vote attended by 446 of the 749 employees, a majority were In favour
      Reuter.  -  104 words
    • Article
      Lock icon NORSK HYDRO
      96 9 Reuter. OSLO: Norway's biggest industrial combine, the state-controlled Norsk Hydro should be given a 9 per cent share In exploration of the so-called gold bloc In the Statfjord field of the North Sea, a parliamentary Industrial committee proposed. It said Norway's national oil company, Statoll, should be given
      Reuter.  -  96 words
    • Article
      Lock icon Sharp fall for Nan Fung
      177 9 ASIAN COMPANIES Reuter HONGKONG: Nan Fung Textiles Consolidated Ltd has announced unaudited consolidated net profit of HKS2.O9 million (924.44 million) for tne six months ended Sept 30. The company has earlier announced an interim dividend of 12 cents (same), payable March 28. It estimated second
      Reuter  -  177 words
    • Article
      Sasebo seeks loan
      115 9 TOKYO: Japanese shipbuilder Sasebo Heavy Industries is seeking a four billion yen loan from a syndicate of six Japanese banks to help It streamline Its operations and tide It over difficulties caused by the recession in shipbuilding, a company spokesman said. The spokesman quoted the managing director
      115 words
    • Article
      Lock icon Canon forecasts unchanged profit
      207 9 Reuter. TOKYO: Canon Inc said Its after-tax prottt in 1978 will be virtually unchanged from the 5.98 billion yen recorded the preceding year In view of the yen's anticipated appreciation. Sales, however, are expected to rise to 13S billion yen from 123.99 billion as sales of
      Reuter.  -  207 words
    • Article
      Lock icon TWO GET GHANA ORDER
      114 9 AP. TOKYO: Tokyo Shlbaura Electric Co., Ltd. and Britain's Bovlng and Company have won an order from the Volta River Authority of Ohana for four 40,000kllowatt hydro electric power generating units, Toshiba said. Toshiba said the equipment, worth about US$25O million, will be used at the
      AP.  -  114 words
    • Article
      Lock icon Joint bank venture
      114 9 Reuter. SEOUL: The Asian Banking Corporation (ABC) was opened here as a Joint venture between Saudi Arabia's Triad Holding Company and a number of South Korean firms. ABC announced it had an issued capital of 2.5 billion won, but was authorised to double the capital later. Triad
      Reuter.  -  114 words
    • Article
      Tak How
      71 9 HONGKONG: Tak How Investment Co is raising at least HK$lOO million through a syndicated loan, Amex Bancom Ltd said as lead manager. Proceeds will be used to finance a hotel expected to be managed by Holiday Inns Inc. The loan will carry interest 2 to 3 per cent
      71 words
    • Article
      Lock icon Preussag, CRA exercise options
      177 9 Reuter. MELBOURNE: Copper Resources (FIJI) Ltd and Preussag FIJI Ltd excercised their options to enter the second stage of exploration at the Namosl porphyry copper project in Fiji, FIJI Lands, and Minerals Resources Minister Militonl Lewenlqlla said In a statement Issued In Suva. The statement was
      Reuter.  -  177 words
    • Article
      Lock icon Tokyo firm starts ore mining
      154 9 UPI TOKYO: The Overseas Uranium Resource Development Corp. of Japan will begin full-scale mining next month of Niger ore believed to contain a substantially higher amount of uranium than US and Canadian ore. A spokesman for the corporation said the Akouta Mine is exbected to
      UPI  -  154 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      135 9 I ,i «?> ■*'vv >.V V t v** ';Y,' I > y-%- v m ril ll c> f ■>-' ■■<«,'■' v 5 Iff •H* W' N &Th *h *>*'• ■f*\ $j£ A %> r: f-r SINGAPORE v* w-* PROSPERITY That is Singapore Business* wish to all our readers for the
      135 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      2712 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 unless otherwise specified. All Time Settlement Contracts are quoted after the world Board deal (in lots of
      2,712 words
    • Article
      Government bonds
      142 10 R®P Spore D Mark 7% 1882 (100,000) (1038 103*S) S 1/4% 16/10/78 (250,000) (101.308 101.453) 5 3/4% 1/6/78-80 '(250,000) (101.15B) 4 3/4% 15/9/80 250,000) (99.858 100.003) 5% T F IS/4/81 (250,000) (101.SOB) 5% T F 15/10/81 (250,000) (101.70B) 5% T F 1/5/83 (250.000) (100.158 100.253) 5 3/4% T
      142 words
    • Article
      Corporate bonds
      78 10 B OT 8 1/2% 1961 (100,000) ilol*B 101SS) I O T 7 5/8% 1884 (100,000) (9558 963) B O T Floating 1964 (100,000) (99(4899%8) C Itoh 8 1/8% 1884 (100,000) (95M8 95HS) LTCB J 1982 (100.000)(99*B 100S) LTCB J 1983 (100,000) (99*8 1008) Credit Lyoaaaia Floatins I*B3 (100,000)
      78 words
    • Article
      Stock options
      260 10 STRIKINQ prices of the stock options officially listed on the Block Exchange of Singapore the periods, bid an J offer prices and business done yesterday, with the number brackets"* t de<l hown 111 C aad C (March 82.20) (0.548 0.508) (June 82.20) (0.558 0.608). (June 81.55) (0.178 0.258).
      260 words
  • Article
    In Kuala Lumpur
    101 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Asms (1.708). AJinemete (2.308 2.388). Aleem (2.708 2.728) (2) 2.70. A
    101 words
  • Article
    Unit trusts
    140 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaagara' priea a for Mar It) (Otrraat pi ieaa) The Commerce... 1.S1 1.92 INCOME BOND 1.10 1.17 The Sarlnf Fund S pore Prof Fund S'pore^Securlty 1.02 1.08xd 0.17 0.92 1.69 1.79 MARA BUMIPUTRA FUND (Manager*' prioaa br Mar 19) First Bumlputra *41
    140 words
  • Article
    Loytape sees profit in first half
    257 10 HIGHER sales, following Improved marketing efforts, and cost reduction measures are finally showing through In profits at Loytape, with a pre-tax result of 1420,633 made In the first half of the current financial year. The company turned In a minute profit last year after
    257 words
  • Article
    SHARE INFORMATION SERVICE
    2371 10 \m/\m High Low Company Last Sal* 4-sr-Gr's Dhr Dhr C*TT Gr's YH Net P/E Vol (*669) Day High Low SECTION ONE INDUSTRIALS 185 208 124 282 88* 234 189 291 422 148 132 185 58 212 57* 155 144 182 350 91 Acma Alcom Allied Choc Bata
    2,371 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      166 10 COLLECTIHQ Oriental Antio^ej by Judith Moorhouse and Dries Blitz G3 N I V Aht N TA\ 0 J* 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
      166 words
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  • Article, Illustration
    Stocks lack direction in moderate trading
    677 11 SINGAPORE .1 SHABJ. irtwi generally lacked direction in moderate trndiag on the Btodi Excfeaf* of Singapore yeeter- The opening of the market •> a (toady to firm note -nn. la a carry-orer from the T**, A forward ta ■ahaegnontfy foU Mow h. Towards tiM
    677 words
  • Article
    KL focus still on plantations
    497 11 INVESTOR Interest continued to focus on selected glantation shares at the iuala Lumpur stock market yesterday. News of the approval by the Capital Issue Committee on the revaluation of the estates of Consolidated Plantations, Kempas and Benta met with good response. Consplant, the subject of
    497 words
  • Article
    Kah Motors expands
    148 11 KAH MOTORS, a subsidiary of Oriental Holdings, is expanding Its plant In Sutterworth in a bid to Increase Its assembling capacity. Informing the Kuala Lumpur Stock Exchange, Oriental adds that the total expansion cost Is estimated to oe about 14 million and Is expected to be completed
    148 words
  • COMPANY NEWS
    • Article
      Higher output lifts Austral to new heights
      432 11 THE CONTINUED buoyant conditions ruling In the tin market have pushed profits at Austral Amalgamated Tin to new heights at the half-way mark. For the first six months ended Dec 31, 1977, pre-tax profit nearly doubled to M 86.45 million from 83.55 million
      432 words
    • Article
      DIVIDENDS ANNOUNCED
      318 11 Current Ex Books Date Total for Total for payment Date CIom payable the year previous year YaoHiapSen, 10%<b) Feb 15 Feb 21 MarlO 10% 10% M. BibMih Wilkinson 6*1 Feb 21 Mar 3 Mar 13 6% u.o%<a) 16% Mar 14 Mar 30 Mar 30 16% 15% Taiping Consolidated
      318 words
    • Article
      Tongkah profit up slightly despite higher tin prices
      316 11 DESPITE substantially higher tin metal prices prevailing in the second half of last yew, pre-tax profits at Tongkah Harbour Tin Dredging only managed to Inch up marginally in the first half of the current year ending June 30, 1978. Pre-tax profit for
      316 words
    • Article
      Latest result
      45 11 BERADIN Rubber Estates Ltd Second Interim dividend 1.5 pence, year ended Sept 30. the company paid a first Interim dividend of 0.5 pence per share on June 30, 1977. It said any final dividend would be considered when the final accounts are completed.
      45 words
    • Article
      HK Land subsidiary sells 17-storey building
      288 11 HONGKONG Land's wholly-owned subsidiary, Fltzpatiick's Food Supplies (Par East) Ltd, has sold Its 17-storey building in Kuala Lumpur to a Malaysianbased family concern, Lim Foo Yong and Sons Realty, for a price said to be around Ms2o million. An agreement to the effect has
      288 words
    • Article, Illustration
      Prima recovery fizzles out in second half
      725 11  -  EARNINGS UP MARGINALLY By ARTHUR NG THE STRONG recovery noted at Prima (Flour Mills) Ltd at the half-way mark fizzled out completely In the second-half period resulting In only a marginal rise In group earnings for the whole of last year. Against a
      725 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      149 11 S '»c?i' es *?> n <Jf *C{ <V '%s Of Vr, s. s S, o tJ f* r m >•* -*r V •f» /o cy> I I The Straits Times Directory of Singapore 1978 more popu- tarty known as the'BukuMerah', carries more than 27,000 entries covering over 1,500 categories of
      149 words
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  • ASEAN-WEST ASIA INVESTMENT CONFERENCE
    • Article, Illustration
      Lots of scope for joint ventures in private sector
      301 12 BUSINESSMEN In Asean and West Asia have been urged to establish contact, afld examine areas for Joint ventures which could be mutually beneficial. This Is because while there are many opportunities for Investment In tlui Asean private sector. West Asian Investors
      301 words
    • Article, Illustration
      Pool resources for common good, meet told
      696 12 ASEAN, West Asia and the Industrialised nations should jointly promote greater economic growth for their mutual benefit. With Asean's natural resources and manpower, West Asia's financial resources and business acumen and the developed nations' technology, mutually beneficial opportunities could be made available not
      696 words
    • Article, Illustration
      FINANCIAL MARTS CAN JOIN HANDS
      527 12 COOPERATION between the financial markets In Asean and West Asia is not only possible but economically necessary and beneficial to both regions. Dr. Tony Tan, a general manager of OverseaChinese Banking Corporation pointed out that there is great potential for financial cooperation between the Asian
      527 words
    • Article
      Lock icon West in the way of Opec
      53 12 Reuter OPEC Secretary General All Jadlah said industrialised nations are blocking attempts by oil producers to build their own refining and petrochemical plants. He told a UN symposium here on Oil Industries in Developing Countries that Opec is determined to sell its oil as
      Reuter  -  53 words
  • Article
    Secretary holds key to firm's well-being
    520 12  -  By SIVA ARASU IN THEIR Journey towards professionalism, secretaries must take two vital steps to form a national body and to define clearly what they perceive to be their function. Only within this framework can subsequent specific programmes be drawn up. Making these points
    520 words
  • Article
    Projects worth $160m
    234 12 SEVEN developers, with projects, Involving an estimated total Investment of $160 million, have been successful in their tenders for sites offered under the Urban Redevelopment Authority's sixth sale. They are mainly for hotel, shopping and office projects, and show a conspicuous absence of awards for other designated
    234 words
  • Article
    No headway on Third World debt issue
    271 12 THE LEADINO Western Jndustrlallsed countries failed to bring any significant new elements into the debate on the indebtedness of developing countries, Third World sources said as a ministerial meeting on the issue went into its third day. US Under-secretary of State for Economic
    271 words
  • Article
    Subsidiary of SS clinches $10m tin dredge deal
    246 12  -  •y CHAN SONG SOO SEMBAWANG Shipyard subsidiary, Sembawang Engineering, hit iuit been ■warded a $10 mifriou contract Which will launch it into an ambitious diversification programme. A Ana example of vortical combination of European technology and Singapore manufacturing expertise, the contract Is
    246 words
  • Article, Illustration
    Japan considers more imports to reduce surplus
    642 12 JAPANESE Prime Minister Takeo Fukuda said Japan is considering emergency imports totalling U***** million (552.07 billion) by the end of this month to reduce Japan's currentaccount surplus and stop sharp yen appreciation against the dollar. Mr. Fukuda who did not specify particular imports,
    642 words
  • Article
    LONDON STOCKS
    781 12 LONDON. Thurs. Stock puces rose on technical considerations and moderate Investment demand. At 3.00 pm the Financial Times Index was up 0.4 at 453.1. Oovernment bonds were marked up to 1/8 higher on news of lower than expected British government borrowing to sh6w gains of up to 7/8
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    SHIPPING TIMES
    4635 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t Consortium* SeaaDuteh hu a Joint service
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      328 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore. Tel. *****, Port Kelang: Tel. *****1, Kuala Lumpur Tel. *****, Penang: Tel. ***** IjN f Lines Inc. (U.S.A.) wvT vUrVlin Trans-Pacific Service Full Container Service To USA FEEDER VSI SPORE MOTHER VSI HK OM U GULF i/C
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      425 13 SHARJAH SHIPPING CO. LTD s >.*-A j:i <1 (UNITED ARAB EMISATES* GULF SHIPPING LINE (UNITED ARAB EMIRATES) fIHU SHIPPIfIG unc -Ml (UNITED ARAB EMIRATES) S pore P Kelanf Pwung <Hll n/Zl Mar 20/30 Mar Mil 2/5 May 0/0 Nay 0/II May ACCEPTIM CONTAINERISED fa CAMO La*«a|tar Mw/PiW/tti MMM DM/fe Mati/Kin*
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      189 13 >'{@[.:*?(;$\%^))+^+?'\$/[&>-*? m.v. "VISHVA CHETANA" VOY: 25 arrived 7th March, 197 H. at P.S.A. Godown No. IN. General Survey of damaged cargo ex the above vessel will be held on Monday 13th March. 1978. as from 9.00 a.m. to 100 p.m. No further survey will be held after this date. AgenU:R.
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      25 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel. *****. Port Ketang: Tel. *****1, Kuala Lumpur. Tel *****, Penang: Tel *****
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      791 14 I SHIPPING j IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE Spwt PKttMf H'kar| B'knwUwi Rhuw Mara Kaatari [ipnu Osaka lay H«l| (Mf Eiprtn 12/3 14/3 24/3 26/3 27/3 29/3 4/4 7/4 11/4 13/4 19/4 21/4 28/4 30/4 4/5 6/5 6/4 8/4 9/4 14/4 16/4 17/4 19/4 22/4 23/4 28/4 30/4 26/4
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      749 14 fa SANKYO LINE] AUSTRALIA SERVICE P. Mar* THREE STAR 12/13 Mar SE ABLOOM 17/1# Mar KYOSEIMARU 30/31 Mar MAT SKY 31/31 Mar KYOTEN MARU 14/15 Apr Laarf*|»*r 11/11 Mar FRCM, AOEL, MEL, SYD 15/ IS Mar ORIS, SYD 1/2 Apr FKM.AOCL.MEI 1/2 Apr Mill SYD 16/17 Apr AOEL. MEL, SYO
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      480 14 T\ SEA iLAND U.S.A./ ASIA SERVICE DRY/REFRIGERATED CONTAINER SERVICE SAIIWG EVERY WEDNESOAT FO« POtTS 111 USA. CAMOA. CARIBBEAN lAPRN. MMU TAIWAN. HONS ROM. THAI UNO MO PHILIPPINES VESSEL/VOYAGE RAPHAEL SEMMES V-935 PONCE V-320 RAPHAEL SEMMES V-936 PONCE V-321 Vessel Arrives/departs MAR 15/16 MAR 22/23 MAR 29/29 APR 4/5 C.F.S. Closes
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      703 14 Everett Lines Burro Fhrt Star Sfcippwi Ctrpa. üßk "BURMESE NATIONAL LINE" LOADING FOR RANGOON tapPM MTMTMYM >. 1J M» B F SS C Ageofi m Moloys.o TEPS MALAYSIA Port Kelong Tel (38) 7355 Penong Tel *****/ ***** LOADING FOt DURBAN. CAPETOWN MEMOS AWES PATAGONIA ARGENTINA Singapore P Kaianf Pnm| 20/27
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      652 14 ■Mi w, lARDINE AMAH I Orient Overseas CcwiauteA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S'pm P. I NEPTUNE run. HI IN W 11/) MERCATOR Ml l(/j u/j H. ROM CONTAINER TK u/3 y t OMENTAL CHIEF M j/< M/ 4 S S£*S BRINE 1» 15/4 16/« ORIENTAL RESEARCHER
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      1338 15 OCL Overseas Containers Limited ctwuwtiatf soma n Hitmmm Ntwrf 9wm P. Hal Vaart Hiumt MAIU litt MM I Mr KMUM* Nibr NH» H lir nine MAVU ll Mar Mir 1» Mr UMIKC EtfKSS S Mr T Apr 71 Mr Hill UT I] Mr Mr ><V lENAVON n Mr II Mr
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      1289 15 Ben Ocean Ajcut service of Ben Line Bkie FUnnei Glen line and NSMO n M'CMTmrr (?a m I r>.» Bilbao. Amsterdam. Hamfr*r Dublin, Liverpool. I not. Le toes. Hull. Bilbao, Aflist, H bu't. Dbblt I'pool. I <00*. Hull Bilbao. Amsterdam. htm' Dublin, Liverpool. FROM (IK 'CONTINENT (Y a Sau) SI
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      1075 15 EPS BEN LINE NKK 8 HAVEN R'DAM HAVRE SCION Siitppora Mla«| W. itrmumj Or«t/ia BaaaUM f raaca All U.P. I Scjajiaam. rUMNIt MAN 11 Mar 14 Mar Apr I Apr ¥114 Apr) J A* BENAIBER 24 Mar XM> 14 iff II Apr IT Apr (71 Apr) 12 A«r RNfM MAPU
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      757 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA *Ftt4ti from P Ml** Vtsstl (UIUU EIUMJ rUKIKI ILiiUU Ml. HUT 11/ 1 StlANtlA it/ i mjnn IV 1 Ml. ItJIMA 11/ 4 TO TIM* S tart 1) HuilKt 2) RdJM J) HtMr| 4) Ckarj 12/1 2V
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      359 15 GUTHRIE BOUSTEAD SHIPPING AGE ncie s BANK UMS LTD. UAK mill Amu MIYtUM (MaM. Maaritiw, Hm.m. Mbta. Tmp, atir*. tartan, EX, P.E., externv p*omc Mutant n/n Mm Sport It/M I 1 VISUI (Mauritius. Rmk.m. Durtan. t l, P 1., Capetown; Ptntnf P. KtlMf V I Ap >>'■ »Mm/1 I nw
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      986 16 "K" LINE KAWASAK? KISSN KASHA LTD. -g7T W CMTMona soma ri mm on* sub S'poro P. klar.j LHovro H"buij Brrmea m rnnm pearl nr s«m 11 hit mmr 1 Apr 2 Apr MERCATOR SW II Mar 17 Mar S Ayr I Ayr 7 Ayr NtNGKONC CONTAINER NT 31 Mar 1
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      996 16 E.C. UJL/ATUUmC/fiOLF SEHVICE ACCE7TU* FCI/ICL CWTIMEB M ffK, f. fflMt. FEMM laad.nf Mr: HMfCU. HEW TMK. S <|I9«I P. btMS hINM >HIH t i MAONTA PIUEM" (Mm* aatp) U/14 M* "VISNVA IIMIH" (Oittb ealp) n/M Mar "VISUM VIKRAM" |MU 1* SCI) 11/2 Apr V 4 Afr 1/ I Mr 1,
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      1087 16 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: re amn ivu mcr NEPTBNE PEMI MERCAIM' HOMKONS CONTAINER oriental chief SEVEN SEAS MIKE ORIENTAL RESEARCHER CHEVALIER PAIL P.Mm( Hillß ITtvi 11 Mv 21 Mar 1 A#r 17 Mar Apr I Apr 1 Apr 17 Apr 21 Apr II Apr 27 Apr 2
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      471 16 MM EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tf. Mml Ktian( Pannf I tan lUNCA MCUTI 14/11 Mir It/a Mar Ctra.f! Loon 9, 4. Mam 14/4, Bmtn 17/4. Hburt IS/4, Lnool a/4. SDNS A lATA »/a Mar 4/ 4 Apr I Apr Blona 23/4, Ca4.11/Uool 21/4. Mb»r| 4/5. Roam 7/5 Aiatrp 10/5.
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      614 16 INTRASEA (PTE) LTD ttnorasia une recolar inraftm snrna ti mm Sngapore P. Kelang Lm<m( hr: nto II to AntMerp/Rottardaai/ Hantog. intrisea pro lti.—2umi —m mm Ttl SKPPIK ft TRAMM MM. MI7» Kansai Une STRAITS/AUSTRALIA SERVICE Singapore P. Kelang Laaiai fir: 1 PRAMIE II to ato Brisbane/Sydney/ Melbourne/Adelaide. iati Siagapsra INTRASEA
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