The Business Times, 14 March 1978

Microfilm: NL9627
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, MARCH 14, 1978 soCENTS
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  • BRIEFLY...
    • Article
      Lock icon Islamic cooperation
      72 1 AFP KUALA LUMPUR, Mon. A task force comprising experts from the central banks of 12 Islamic countries has been established to make ln-depth studies on the areas of cooperation In the monetary and financial fields among member countries of the Islamic Conference. This was agreed at the first
      AFP  -  72 words
    • Article
      Lock icon NZ closes door
      64 1 AFP. WELLINGTON, Mon. New Zealand will not be admitting more refugees from Southeast Asia "for a while". Prime Minister Robert Muldoon said he had told this to Poul Hartllng, United Nations Commissioner for Refugees who had talks with him In Wellington last week. New Zealand Is now
      AFP.  -  64 words
    • Article
      Lock icon Tin watch
      71 1 AFP KUALA LUMPUR, Mon. Malaysia will watch very closely how the United States will dispose of its 45,000 tonne of tin stockpile and hopes that the release will not dampen the tin market Primary Industries Minister, Datuk Amar Taib Mahmud, said today. In considering disposal of its stockpile,
      AFP  -  71 words
    • Article
      Lock icon Report on Indira
      63 1 UPI. NEW DELHI, Mon. A special commission investigating the alleged excesses committed by former Prime Minister Indira Gandhi during her 19 months of emergency rule of India has submitted its first preliminary report. Home Minister Charan Singh told Parliament: "We will examine the report as early as
      UPI.  -  63 words
    • Article
      Lock icon Full alert
      69 1 UPI. BEIRUT, Mon. Palestinian guerillas in Lebanon stood at full alert today against possible Israeli reprisals after the deadliest Palestinaln strike In the history of modern Israel. Despite almost universal condemnation of the attack from Western nations, the action was hailed by many Arab states as a courageous
      UPI.  -  69 words
    • Article
      Lock icon Metalworker strike
      73 1 Reuter. FRANKFURT, Mon. West German metalworkers union leaders decided today to call a strike in the south-west region tomorrow to back their call for an 8 per cent pay Increase. The employers had raised their original offer from 3.5 per cent to over 4 per cent but the
      Reuter.  -  73 words
    • Article
      Lock icon Dow Jones
      124 1 UPI NEW YORK, Mon. The stock market, encouraged by the joint plan by the United States and West Germany to support the dollar abroad, headed sharply higher in active trading early today. The Dow Jones Industrial average, which climbed 8.58 points on Friday, was ahead 5.72 points to
      UPI  -  124 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      121 1 Rises Sim* Darby 368 16 (JOB 289 +9 Batu Ka wan 152 +9 DBS 340 +8 UIC 269 +8 OUB 258 +7 M Banking 314 +6 Tan Chong 274 +6 Spore Glaii 127 +6 Ayer Hitam Tin 960 +5 OCBC 585 +5 Foils Tnmoh Mine* 580 -15
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    • Article, Illustration
      In Kuala Lumpur
      160 1 Rises Toshiba 4.00 +.40 Oriental 3.80 +.18 Slme Darby 3.82 +.18 DBS 3.52 +.12 UO Bank 2.97 +.11 Rlvervlew 1.88 .08 Sanyo 3.50 .00 Tand N 3.76 +.08 Kempas 4.10 .08 Falls Castlefleld 7.75 -.35 Tronoh 5.85 -.15 Beriuntal NST 7.30 5.30 -.15 -.10 Kramat Tin 5.70
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  • Article, Illustration
    Stage is set for textile upswing
    658 1  -  PACT WITH U.S. GIVES IMPETUS By PETER CHIA THE TEXTILE Industry expects a substantial growth this year. Figures from the Department of Statistics on production for the fourth quarter last year support this optimistic outlook. In the last three months of the year, the
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  • Article
    TRADE OUTLOOK
    152 1 WORLD trade is likely to increase slowly fn the first half of this year, the secretariat of the General Agreement on Tariffs and Trade (Gatt) said in Geneva yesterday. In a report on 1977 and on prospects for this year, it estimated that international trade in 1977 rose
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  • Article
    Lock icon Joint plan to boost the dollar
    620 1 Agencies. WEST OERMANY and the United States today announced a major new cooperative effort alined at supporting the dollar which has been falling for months on the Increasingly anxious foreign exchange markets. The plan, announced simultaneously in Bonn and Washington, allows for billions of
    Agencies.  -  620 words
  • Article
    Voila, le boom!
    126 1 FRENCH shares rose by up to 20.5 per cent on the Paris stock exchange yesterday, and the session was prolonged. The average rise was 8.6 per cent and the 15 best shares rose bv 12.5 to 20.5 per cent, dealers said. Many shares were suspended for a
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  • Article
    Banking boosts DBS profit to over $20 m
    348 1 AS INDICATED at the half-way mark, banking operations provided the ex* tra lift to froap result* at the Development Bank of Singapore last year. Group net profit for 1*77 rote by U.C per cent to 520.57 million of which banking profits accounted
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  • Article
    KL surges with Sime heading the field
    575 1 THE Kuala Lumpur Stock Exchange yesterday shrugged off the cautious mood of recent weeks and with Slme Darby in the lead staged a firm advance over a wide front on much Improved volume. The market was clearly cheered by the conclusive nature of
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      41 1 ■arTftrj CHANGI COMPLEX Shops Flats Ideal location •Modern Shops: Shops ideal tor all kinds of business •Luxunous Apartments: Elegantly designed f "«w«« t*a Boo*<ngt FAR EAST REALTY (PTE.) LTDt 96/96 Robinson Road. Swtgapor* 1. Tel *****33 IS lines) SEE THIS PAGE
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    • Advertisement
      Page 1 Advertisements Column 2
      46 1 CITROEN CX 2400 PALLAS has proved to be such a cartoucjh efficient elegant UJi ij HEnRV riig hgemies pie iro. BHUNc) AGENT RELIANCE U IST RIBU I O RS 144 R JALA\ CHfc V ALIE R BANDAR SEP I Be GAW A N BRUNEI TEL *****
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    • Advertisement
      Page 1 Advertisements Column 3
      80 1 SHIPPING TIMES FOBUM with John Tu 1 NEW feneration of US corporate performers 8 PACIFIC Development Credit BRITONS see resurgence of FORUM with John Tan 7 asssst-.?- ALARM over Soviet •hippinr PACIFIC Development Credit inroads *****7. 5 U INSIGHT into the auditor's ESTATE sale boosts Central role 6 Securities 11
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      Page 1 Advertisements Column 4
      6 1 SEE PAGE f SEE PAGE S
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      Page 1 Advertisements Column 5
      309 1 IfcßX COMPLETE COWNG SYSTEM APS ELECTRONICS (PRIVATE) LTD SINGAPOWTtf *****4 (5 Lines) APS ELECTRONICS (M) SON BHD KUXLA LUMPUR Tel 03-*****0 THESE ARE THE BOOKS THAT HITLER BURNED U -MPt It r sec. M THE GREAT BOOKS OF WESTERN CIVILIZATION 1 ">i'n .J These arc the book* that had to
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      472 2 Financial Highlights ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD extends a warm welcome to the HONOURABLE MINISTERS OF FINANCE and GOVERNORS OF CENTRAL BANKS of the Arab and Islamic countries on the occasion of the SECOND ANNUAL GENERAL MEETING of the ISLAMIC DEVELOPMENT BANK. As the first banking link between Malaysia and the
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  • TRADE AND INDUSTRY
    • Article
      British industry takes stock of today's marts
      614 3 THROUGHOUT British Industry today, there is aj njuch greater willingness to export and a greater understanding of what exporting Involves. ipeaklng at a British Business Association and tbf British Association of Singapore luncheon yesterday, the Duke of Kent, now on a visit here,
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    • Article
      Lock icon HK to curb exports
      156 3 Reuter, AP THE Hongkong government has agreed to restrain exports of bed sheets, cSt»ton terry towels, wash cloths and sets to Canada. t Hongkong and Canada tove also initialled a Memorandum of understanding providing for restraints on certain textile products exported to the /-full details would
      Reuter,; AP  -  156 words
    • Article
      Kranji Pig farmers warned
      134 3 THE Ministry of National Development has warned farms In the Kranjl catchment area to cease pig rearing. The ministry said that pigs found In the gasetted area are liable to be impounded for slaughter and distribution to charitable organisations. it said that ample warning was given,
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    • Article
      SHOWS AT SCIENCE CENTRE
      78 3 THE Singapore Science Centre will screen a aeries of 13 science film shows for the school holidays from today till Friday. On Sunday at 3 p.m. there will be two shows titled: Molecular Magic and Darwin and the Insects of Brazil. Admission charges are $1.00 for
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    • Article
      Courses
      37 3 THE Singapore Training and Development Association, (Stada), will organise two courses namely, Designing effective training (March 30 to April 1), and Organisation Development workshop (April 6 8) at the Singapore Hilton and the Hotel Equatorial respectively.
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    • Article
      Lock icon Trade ties central to Anthony's visit
      472 3 AFP, Reuter. AUSTRALIAN Deputy Prime Minister, Douglas Anthony, arrives In Japan today on a nine-day unofficial visit for talks with government and Industrial leaders to discuss trade ties between the two countries. Officials at the Australian Embassy in Tokyo yesterday said Mr. Anthony, also
      AFP,; Reuter.  -  472 words
    • Article
      Lock icon Cocoa and coconut conference
      70 3 Reuter. ABOUT tH participant* from 15 ewntriM arc expected to attend an international conference ob oocoa an d OOOOnut cultivation and industry in Kuala Lumpur beginning on Juno Meanwhile, the United Cooanut Association at the Philippine* (Ucap) reported a riae in coconut product* exports in the
      Reuter.  -  70 words
    • Article
      Signs augur well
      271 3 THERE 18 great potential In the visual sign business in the region as countries are becoming aware of the Importance of good viaual communications. More than 915 million is spent annually on signs In Singapore alone, according to the director of Movltex and Movlgraph, Mr. K. Mohlnanl.
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  • OVERSEAS
    • Article
      Lock icon Bond sale tests which way the wind blows
      806 3 NYT MEW YORK State, which Sis been moving slowly wards greater Investor acceptance, will test that gid this morning when it s US$5O million (Sslls lion) of bonds. •*As they moved close to the financing late last week, (Investment bankers *jM>eared eager
      NYT  -  806 words
    • Article
      Scheme to aid the small man
      129 3 t&E Philippines' largest ■aal estate company is g»ut to promote what it lis private sector ilalism in which small •nd poorer producers would Kicreaslngly control the $$ans of production. •-The chairman of the AyaB Corporation, Mr. Enrique Zobel, made the proposal last Saturday at
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    • WORLD IN BRIEF
      • Article
        Lock icon THREE HEADS IN RIYADH
        436 3 Agencies KINO KHALED of Saudi Arabia had talks over the weekend In Riyadh with three West African heads of state who are seeking financial backing for dam construction on the Senegal River. They are Presidents Moussa Traore of Mall, Mokhtar Ould Daddah of Mauritania and Leopold
        Agencies  -  436 words
    • Article
      Lock icon Impact of strong mark may not be great that
      261 3 Reuter. THE NET effect of the mark's appreciation on exports of West German goods and services may be smaller In the medium term than Is often assumed. The German Public Banks Association said In its annual report that costs and prices
      Reuter.  -  261 words
    • Article
      Third World won't pose threat
      84 3 AN INTERNATIONAL group headed by former West German Chancellor Willy Brandt urged the world's richer nations not to regard the economic growth of poorer countries as a threat. A communique issued at the end of a two-day meeting of the 17-member "Commission of Notables" on
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    • Article
      Lock icon Survey unveils bullish mood of US business
      411 3 NYT. BULLISH businessmen In US are looking for a combination of Increased demand, tighter cost controls and lower taxes to increase pre-tax profits this year by 11 per cent to a record U*****.5 billion (8*412.8 billion), according to a survey by the McGraw-Hill
      NYT.  -  411 words
    • Article
      Lock icon Miners stay away despite order
      356 3 AP. US coal miners stayed away from their jobs yesterday morning despite a TaftHartley court order directing members of the United Mine Workers to return to work and end their three-month-old strike. Police In most coalfield areas reported everything quiet. "We kind of expected what
      AP.  -  356 words
    • Article
      Lock icon The vanishing forests
      160 3 Reuter. THE World Bank said over the weekend that the developing world would have no forest left in 60 years, if present trends are not reversed. To help combat the threat, the bank planned to increase its project financing by US$5OO million (Stf.ls billion) over the next
      Reuter.  -  160 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      262 3 MSI COAST H Natt to Kalong Smmm Psiact/Uppsr Em Coast toad Located on elevated land in Katong Luxurious split-level houses facing the sea *With individual front and rear gardens EAST COAST HILL stands on a 20-acre site off Upper East Coast Road which Is about 185 feet above saa-ievel... affording
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      580 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Oame in the balance? (5) Animal with clothes on (5) Moanera, maybe, rowing between themselves (7) If Lane taking half an hour to dry out (5) 11 Country with 1U own penal system (5) 12 Lady Caroline's youngsters? (5) 13 One taking Murphy's Jacket
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      267 4 THE Singapore market yesterday closed slightly higher with April One RSS buyers quoted at 205.75 cents per kilo, up one cent from last Friday's close. The afternoon session was quiet but steadied slightly after the close on higher London advices, dealers said. Prices advanced during
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    • Article
      RAS PRICES
      293 4 Prices In centa per kilo yesterday: Noon (per kilo) Close (perklk* Int. 1 R.S.S. prompt f.o.b. 204.75 Int. 1 R.S.S. April 205.75 Int. 1 R.S.S. May 206.25 Int. 2 R.S.S. 200 50 UK/COnt. 199 50 Int. 3 R.S.S. 197.50 UK/Cont. 196.50 Int. 4 R.8.S. 194 JO UK/Cont 193
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    • Article
      SSR AND SMR
      89 4 NOON SSR prices yesterday: RAS AprU (Current Mth) Buyer* Seller* (cent* per kg) May (Forward Mth) Buyer* Seller* (oMtaperkf) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 195.00 193 00 196.00N 195.00N 198.00 194.00 197.00N 198.00N MRELB SMR5CV SMRSL SMR 5 SMR 10 SMR 20 SMR SO
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    • Article
      Closing prices
      30 4 Rubber: March IS: Singapore: April 206.75 eenta (up I.o* cent*) Malaysia: April 206.50 centa (up 0.50 eenta) Tin: 11,587 Kiowa IIS) Official offering: Ml tonnee (up 81 tonnee)
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    • Article
      Lead
      67 4 LEAD in London yesterday closed the morning with gains of £4.25 for cash and £4 for Three Months. The advance in copper encouraged covering, fresh buying and chart support on the pre market with Three Months gaining up to £315. But fairly heavy profittaking and liquidation partly reversed the
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    • Article
      Zinc
      50 4 ZINC showed In London yesterday modest endmorning gains of £0.50 per tonne all round. Impetus on the pre market stemmed from the rise In copper. Three Months reached £266 briefly but drifted back during ring dealings under profit-taking to finish the kerb trading at £260.50. Sales were 2,250 tonnes.
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    • Article
      Straits tin
      164 4 THE Straits tin price In Penang yesterday fell a further Msl3 per plcul to IhCSI ,587* Operators were cautious about continued discussion of bills to release some U8 stockpile tin. Increased tin supplies from miners, accumulated ov ef the week-end was thetaff fECtOr taflue nclng Turnover rose to
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    • Article
      Rice
      169 4 rice prices were as follows yesterday: U8 dollars per tonne fob basis Bangkok: White Rice: 100 pet lit claw 122. 100 Rt 2nd claw 407, 100 pet 3rd etas* 402. >ct 303. 10 pet 380, 13 pet 379. SO pet 370, 25 pet 362 35 pet unq. Broken: A-l
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    • Article
      Produce exchange
      265 4 PEPPER prices fell by $2.50 per plcul in a quiet and slightly easier Singapore produce market yesterday. Dealers reduced their prices in an ttattempt to meet the lower bids from the major consuming countries like the US and West European countries. The top gradee, Muntok Asta white, was
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    • Article
      Gold
      216 4 THE kllobar In Singapore opened at 8114,062 and closed lower at $13,926 off $184.00 from Saturday's closing. In London, the metal opened at U*****.60/90, off $1.00 from previous closing and continued to ease to a low of $185.10/40 due to the strengthening dollar. However, the market recovered slightly near
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    • Article
      Copper
      108 4 COPPER wire bars in London yesterday ended the morning with gains of £2.50 for cash and £3 for Three Months. Values forged ahead on the pre-market under short-covering and some fresh buying prompted by weakness In sterling against the US dollar, dealers said. The higher levels were not maintained,
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    • Article
      Silver
      76 4 SILVER in London yesterday ended morning trading with gains of 3.4 to 3.8 pence per troy ounce. Values were marked upon the Initial pre market, reflecting higher New York prices on Friday coupled with weaker sterling against the US dollar. But following the lower gold fix, the market attracted
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    • Article
      Coffee
      180 4 ROBUSTA futures opened In London yesterday £44 to £29 up while arablcas gained $4 to $6.50 per 50 kilos. Sales were 374 lots and nil respectively. Both contracts recorded substantial gains Initially following news from the mild coffee producers' meeting in San Salvador that Latin American countries will suspend
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    • Article
      Sugar
      160 4 SUGAR futures in London yesterday opened £6.75 to £3.90 down from Friday afternoon closing levels. Turnover totalled 1,130 lots. Dealers said values opened weak on a continuation of Friday's kerb sell off. Near May traded down to £98.25 before meeting short-covering resistance. Other positions also traded at new contract
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    • Article
      Cocoa
      259 4 TERMINAL cocoa in London yesterday advanced Into new 1978 high ground during the morning. The market touched £40 limit up level at the first call In near May at £1,873 per tonne before falling back on trade selling, possibly hedging against weekend West African origin sales, dealers said. Prices
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    • Article
      Hongkong comex
      173 4 THE sugar market closed 1780.33 to 0.47 cents easier In moderately active trading, with 20 lots traded against eight on Friday. Prices were lower on commission houses selling following the weak opening tone in London sugar futures, dealers said. Trade houses short-co-vering at the lows stemmed the decline,
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    • Article
      SPOT PRICES
      177 4 IAP N 523 cotton In Hongkong dollar*, not ex-godown: Cettea Vara: China Blue PhoeSrX.^S.V 1000 1150 China Butterfly and Olote Brand unq, Dragon Head una five Lambe unq. Mower and Butterfly unq, Plying Qeeae unq (ner place 36 inches tn 40 yarda^ PaUetaa law Cettea: LBB 3.6 ft
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    • Article
      High wheat hopes
      115 4 CONDITION of winter .wheat In China In most areas is generally good, with enhanced prospects because of widespread snow and rain in early February, the U8 Agriculture department reported In Washington. *t said rainfall In Australia so far in February has been patchy, permitting little' or no
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    • Article
      MORE FARMERS TO GROW SOYBEANS
      1024 4 THE U8 switch Into soybeans from corn and cotton is likely to be greater than indicated by the US Agriculture Department (Uida), Illinois Farm Bureau chief Harold Steele said. In January the Usda indicated prospective soybean planting! up 6.8 per cent and corn off 4.1
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        547 4 THE forex market yesterday saw considerable uncertainty, pending an exKted announcement on i the US and West German governments intend to stabilise the dollar. The result was wide fluctuations. The US dollar strengthened over a 100 points against the hard currencies in the morning but lost most of
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      • Article
        Asian $ rates
        3882 4 Asian rates 1 ASIAN currency depoal rate* u at cloae on Mai interbank 13 US Nlai Ottm n <■*•() BM 7 days 1 mth 2 mth* 3 mth a 6 mth* 0 mthi 12 mth* .6 15/16 71/B 71/4 73/* 711/16 7 13/16 7 13/16 Sv.Fh. (MMA* 613/16 7 71/1
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      • Article
        Discount
        45 4 RANGE of price* offered by discount houje* on Mar 13: Oernifht 3 1/4* Call depoalt 3 1/4% CWetM Ihortac MUm 3-Month Treasury Mils 3V14 3t/16 3-Month Bank MU 47/t 4V4 3-Month CD 3 47/1 0-Month CD 5 7/16 53/14 Source: National Discount Co Ltd.
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      • Article
        Euro $ rates
        115 4 Euro rates LONDON Eurodollar deposits yesterday were basically steady to slightly firmer In moderate trading dealers said. Periods Inclined firmer with One Month adjusted 1/4 point lover after Friday's technical mark up. Six Months was adjusted 1/16 higher on Friday end-of-period. Shortdates held steady to slightly firmer with taking Interest
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      • Article
        Frankfurt
        44 4 nuunCFUKT nehUM opnlm <px*m on Mar 1* os S.osm/W cm IJM/M Sterttoe S.M4/M4 D n »17S/N.«O 8 rr 104 70/104 00 Lit 2 40V41S I r rr a.«4i N Kr M SO/40 B rr i con 4.41/44 B ft (fin) 4.41/41 Ten •.MB/41
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      • Article
        London
        265 4 YESTERDAY'S dollar strengthened 'sharply against the mark ahead of the announcement of bilateral action by the US and Germany to stabilise the US currency. The mark weakened to 2.0780/0830 against the doHar after its early rate of 2.0770/0600 and was well below Its Friday close here of 2.0640/80. Trading
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      • Article
        Tokyo
        87 4 MONDAY'S U8 dollar for overnlght delivery closed sharply higher at 236.00 yen compared with a 235.50 opening and 234.75 at FYIday's close. Trading was active with volume *433 million. No central bank lnterventlon was detected. Dollars for Immediate delivery closed at 235.75, compared with 235.00 at the opening and
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      • Article
        Hongkong
        174 4 THE US dollar closed sharply above Its New York level on Friday with short-term speculative buying of the US unit sparked by news the US and Qermany will announce concrete action to support the dollar. Profit-taking at the higher levels saw the dollar slip to 2.0800/30 marks after touching
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      • Article
        Minimum lending rates
        66 4 V y RAGE gy rate of beaks is Singapore Mudt J? running between «H per cent ud 7W per eent. CKw^e-Chl^ Baking Corporation Is at the fewe* tke rsaee while a number of beaks, including Qtlbanh nndDevebmoent Bank of grouped at tbe top end. m r mm-
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      • Article
        Eurobonds
        241 4 C i i Hi Mm Aahland 5 96 Bibcock 7® BMChftK Cherronsaa CtamlcrSM East Kodak 4H09 PordSH vci9%n rtT4*r IfltaulOorpM 91 MlUOaj Cbm n MiUul Real Eat 6 02 RCASH R«vtan4*f7 Ricoh 9* 91 BU Oltm rroo woo 96 00 96 00 93.00 94.00 ***** 1S.00 69.90 TO 50
        241 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      275 4 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more
      275 words
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  • TRANSPORT
    • Article
      Lock icon EEC is urged to band together against threat
      333 5 Reuter. EEC countries should act together against Soviet shipping which threatens Western shipping and security, an EEC commissioner Richard Burke, said. The Soviet Union's merchant shipping fleet has been expanding since the early 1970s and Is now the sixth largest In the
      Reuter.  -  333 words
    • Article
      UN code will counter Soviet expansion
      968 5  -  OWNERS URGE RATIFICATION By TERESA LIM THE JAPANESE Shipowners' Association and the German Shipowners' Association (Verbandd Deutscher Reeder) want steps taken to curtail the Inroads being made Into the trade by the growing Soviet merchant fleet. They agreed on this at a meeting early
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    • Article, Illustration
      Lock icon The silent invaders of the cross trades
      827 5 FT MUCH of the free world's merchant navy is in danger of being sunk without trace by the Eastern bloc and without a shot being fired. In recent years the Soviet Union and its satellites have embarked on a huge expansion of their
      FT  -  827 words
    • Article
      NEW CHIEF FOR B. SHIPBUILDERS
      438 5 BRITISH Shipbuilders appears at last to have found a candidate for the post of Industrial relations director acceptable to Its trade unions. It Is expected that Mr. Richard Whalley, managing director of the Sheffield division of Bulzer, the marine-engine builder, will be named for the
      438 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      650 5 ARRIVALS Service Local Operator Number Time From CAL CI 331 0040 TPE/HKG/KUL TMA TL303B 0215 BEY/DXB/ BOM/KUL PAA PA005 0215 SFO/HKG 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 CAL CI
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    • Article
      Lock icon Financial woes break Neorion's back
      176 5 FT. NEORION Shipyard, the repair yard on the Aegean island of Syro* controlled by the NJ. Goulandris Group, Is cloolng down becaneo of flneanial dtfWcnlrtao. The derision was tikes at a recent general assembly of •hare holder*. Given the pmsl state sf the world economy
      FT.  -  176 words
    • Article
      Lock icon Thailand to build two seaports
      105 5 Reuter THE Thai government has approved In principle the construction of two new deep-sea ports In southern Thailand apart from the' one at Laetn Chabang about 200 km south-east of Bangkok. Deputy Communications Minister Sanong Nlsalak said, the ports of Puket and Songkhla, when completed
      Reuter  -  105 words
    • Article, Illustration
      SHIPS IN PORT
      347 5 EXPECTED SAILINGS TODAY KEPPEL WHARVES Htan Tan Ywa (2300 tbc) 25/26 Novlkov Prlboy (0600 tbc) 10/11 Ocean Supply (B. Barge) (2459) 48 Perak (1500) 21 West State Of Madhya Pradesh (2300) 44 Theekar (0600 tbc must sail not later than 1500 33/34 Three Star (0530 tbc) 18
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    • Article
      Lock icon Flying across the N. Atlantic has never been cheaper
      739 5 Reuter AMERICAN tourists bemoaning the fall of the dollar can console themselves with the thought that non-charter flights to Europe have never been cheaper even though they have less to spend once they get there. Depending on the outcome of the
      Reuter  -  739 words
    • Article
      Lock icon Air Laos flights
      117 5 AFP AIR LAOS will Increase Its flight between Bangkok and Vlentalne to two a week beginning from April 3, as agreed on at a February aviation conference In Vientiane. Thai Airways and Air Laos, each of which currently serve the route once a week, will alternate every
      AFP  -  117 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      14 5 r The wide-cabin airline TEL *****41 BUDGET FARES AND SUPER SAVER FARES TO U.S.A.
      14 words
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      Page 5 Advertisements Column 2
      45 5 w 0 //> m 0 t i need: LIST OF FAIRS AND EXHIBITIONS IN ITALY I BETTER KNOWLEDGE OF ITALIAN PRODUCTS I FREE ENQUIRIES THROUGH I.C.E. COMPUTERISED SYSTEM I EXPORT-IMPORT OPPORTUNITIES. SINGAPORE ITALY Please contact: ITALIAN TRADE OFFICE I.C.E. 37A GOLDHILL PLAZA. SINGAPORE 11. TEL: *****2.
      45 words
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  • Article
    Lots of leeway to make up
    470 6 TEN YEARS ago, textile manufacturing was the most Important industry in Singapore. More than any other It provided work for the thousands of school-leavers then flooding the labour market. Just as importantly, textile exports in those not-so-dls-tant days earned a tidy sum of foreign
    470 words
  • Article
    Fewer words more action please
    265 6 SOVIET shipping has long been a thorny issue, with more of an ideological tinge than is really necessary. Western lines like to call the Soviet merchant marine uncommercial, Implying that subsidies from the Soviet government are somehow unethical. The Soviets, oh the other hand, point
    265 words
  • Article, Illustration
    Not many can understand fully the auditor's role
    1835 6  -  By N. SUBRAMANIAM Mr. Subramaniam works with tfre accounting firm, Turquand Youngs and Co.. This article was first published in the latest edition of the quarterly magazine "New Directions. I THE FINANCIAL PRESS in the United Kingdom and the United States has
    1,835 words
  • Article
    Such meetings aren't really necessary
    851 6  -  »y MIKE MACLACHLAN WHEN I was a young, up-and-comlng executive (before I became an old, down-and-golng executive), I was sent on a course in business communications. The object was to tell us how to cut the cackle, how to get right to the point. Cut
    851 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      500 6 mi mm CT233 i 4 mm I 1 1 1 406/407 Havolock Road, S'pore 3. Tel: 4SMI lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Mareeka (from the Phllllpines), Miss Tang Ley Sonny Bala The New Moonglows, Anna Mina (from
      500 words
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      Page 6 Advertisements Column 2
      96 6 9NGAPORE HLPON Ml Orchard Road, B'porc T«l: *****3 The itrihjtt Show The world famous Philippines Dance Company presents a Luncheon Fashion show of creations by Oskar Peralta, Bobby Novenario, Tente Wllwayco and an evening cultural show highlighting the traditional dances of the Philippines. March 16 19 Luncheon Fashion Buffet Fashion
      96 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers in the late morning. REPORT for 24 hours prior to 7.30 pm on March IS the airport. Maximum Temperature 31.4° C Associated Humidity 66 Minimum Temperature 24.6° C Associated Humidity 97 Hours of Sunshine 5.30 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      255 6 radio SINGAPORE 5 3.00 PM Opening announcements followed by What's My Line 3.2sDiary Of Events (English) 3.30 Afternoon Matinee The Visit (Pt. 2) Starring: Ingrid Bergman, Anthony Quinn, Irina Demick, Paola Stoppa 4.lsScience Report 0 4.3olntermission 6.osOpening announcements followed by The Road Runner Show" 6.30 News in Brief 0 6.35
      255 words
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  • Article, Illustration
    Spadework needed to woo the West Asians
    1380 7  -  Singapore often feels sorry for itself when reflecting that it has made little headway in the rich West Asia market; one of the excuses that crops up occasionally is the idea "that the West Asians are —more likely to turn to Muslim brothers
    1,380 words
  • Article, Illustration
    STRAWS IN THE WIND
    518 7 EVANGELIST Daniel Aaron Rogers of Reeds Spring, Missouri, USA, Is a very determined man. Since his mother, dead for a month but preserved In a freezer, has not responded to his prayers for her resurrection, as he had expected and predicted, he win continue his efforts
    518 words
  • Article
    Keep up the good work
    934 7  -  FORUM I f 1 ...on economics b 4 ■y JOHN TAN KNOWLEDGE is power, many people would say, but to the businessman, knowledge also means the difference between making a wise and a blind decision. This Is a point best appreciated by successful businessmen who
    934 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      297 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL ri 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
      297 words
    • Advertisement
      Page 7 Advertisements Column 2
      18 7 COC\A >N g R*ND vsop CAMUS Distinctively French. Instinctively Superior. Another quality product from 1 'U m V
      18 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      33 7 Bn&toW :Fraok Dictens JONes THINK DimiciN \s Polling oufc LEG uhth "M'S VAOUhl£ Business Do 100 etnevAe-wwT is R GPoiG OF CifcRKS u*C RcP>m Ty<. STR6&.TS IN T*-t£lß LUNCH WOOR IOOKJHG R* T«oo6te°
      33 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Dow Jones at high
      653 8 Tokyo Source: DBS-Daiwa DUE to Investors' expectation of a further rise In prices backed by the easing monetary situation, the Dow Jones average recorded Its high of the year yesterday. Large capital heavy "fclectrlcals edged up with substantial volume. The market opened bullish, centring on large-capital
      Source: DBS-Daiwa  -  653 words
    • Article
      Lock icon Hongkong
      398 8 Source: Sun Hung Kai Securities ANOTHER erratic day's trading yesterday saw the market •'marginally lower In the morning and slightly higher by the close. Turnover was again sluggish with only selected blue chips .attracting attention. HK Wharf continued to strengthen, closing at HKSIS.OO and some determined buying saw Hutchison
      Source: Sun Hung Kai Securities  -  398 words
    • Article
      Sydney
      345 8 PRICES generally held or improved on their rises last week, with BHP rising four cents to A 55.50 and the Wales steady at $5.10 yesterday, dealers said. However, sugar stocks eased, reflecting the fall in the London sugar price, with CSR down five cents to $2.69. Brokers also are
      345 words
    • Article
      Manila
      168 8 THE market closed mixed yesterday with commercials posting slight gains while oils and minings declined. Turnover fell sharply to 1.78 million pesos from Friday's 12.43 million. San Miguel rose one point while other commercial Issues either were steady or had small gains. Atlas and Philex lost three and one
      168 words
    • Article
      Bangkok
      146 8 MAR 11 Bah Is Asia Fibre 272 -3 Bangkok Bank 393 -2 Bangkok Invest 390 +6 Bangkok-Metro-politan Bank Bata Berll Jucker 506 -I CarpetIntnl 412 -S C'haroong Thai Wire 442 ♦6 Dumex .1 DusltThanl 363 -J Faber Merlin First Trust 616 436 Genera Finance Indo-Thal Industrial Finance Corp J
      146 words
    • Article
      Selected indices
      32 8 H.K. HANG SENG Monday 421.42 Friday 420.91 Week Ago 420 88 SYDNEY INDUSTRIALS Monday 394.20 Friday 393.83 Week Ago 389 70 ALL ORDINARIES Monday 446.95 Friday 447.83 Week Ago 442.81
      32 words
    • Article
      BONDS AND LOANS Banks to the rescue
      68 8 THE Republic of Bolivia and a group of international banks led by Citicorp International group signed a US$l55 million seven-year loan agreement, Citicorp said. The rate is ltt per cent over London Interbank rate for the first three years and IS per cent
      68 words
    • Article
      SNCF floats $200m issue
      52 8 THE Soclete Natlonale des Chemlns de fer Francals (SNCF), a French national railway company, will float US$BO million (Ss2oo million) worth of yendenominated bonds for listing on the Tokyo Stock Exchange, its Japanese underwriter said Thursday. This marks SNCF's first public bond issue on the Japanese
      52 words
    • Article
      Eurobond
      34 8 THE 70 million mark Tauernautobahn Eurobond was priced at par with a coupon of 5Vi per cent, down from the per cent originally expected, a spokesman for lead manager Westdeutsche Landsbank Girozentrale said.
      34 words
    • Article
      Lock icon New generation US corporate performers
      1486 8 NYT WHERE have they gone, those mighty performers of five years ago, those glamour Issues that epitomised the notion of a growth stock? Nowhere, Is where they have gone. Only last week, International Business Machines the doyen of them all, sank to Its lowest price
      NYT  -  1,486 words
    • Article
      Lock icon Higher standards force rise in Ford spending
      360 8 Reuter FORD MOTOR said It faces total spending requirements of about USIIS billion to $20 billion in the 1978 through 1985 model years to develop North American vehicles to meet "Increasingly stringent" government standards. Ford said It spent |1.8 billion for facilities and
      Reuter  -  360 words
    • Article
      Lock icon Tokyo blue chips hold their own
      823 8 NYT THE EXECUTIVE vicepresident of Yamaichl international (America), a major Japanese brokerage firm here, is a man who likes his statistics neat. Ask him how the Japanese Dow Jones average is going and he says "Amazingly strong. One second, please." Then, reading down the
      NYT  -  823 words
    • Article
      Lock icon THE EXECUTIVE'S MOTIVES REDEFINED
      550 8 NYT. DISTRUBT of management motives may be the driving force behind stockholders' questions at this year's annual meetings. Touche Ross and Co of New York held a press briefing recently to air what It believes will be this year's fashions In stockholders' questions. It believes there
      NYT.  -  550 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      213 8 DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! ce VI A well-read person is a well informed person. That's why he can always talk about any current event or join in on any conversation amongst friends, colleagues or at social functions amongst acquaintances. That's why very often you find
      213 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Cominco offshoots plan to rationalise Aussie operations
      220 9 ASIAN COMPANIES TWO listed Australian subsidiaries of Cominco Ltd Abmlnco NL and Aberfoyle Ltd announced they will merge and acquire Comln- co's other Australian Interests as part of a reorganisation. n They propose that Aber'foyle will acquire Abmlnco oy the issue of two
      220 words
    • Article
      Lock icon Foreigners' yen bonds boom
      205 9 Reuter TOKYO: Foreign Investors are showing growing Interest In yen-denominated bonds issued to foreigners on the Japanese capital market following the recent sharp yen appreciation. Finance Ministry officials said the ministry allows Japanese underwriters to sen only 25 per cent of a yen-denominated bond of this
      Reuter  -  205 words
    • Article
      Lock icon TNT reveals lower profit
      215 9 Reuter. THOMAS Nationwide Transport of Sydney revealed an unaudited consolidated operating profit of A 57.48 million (5520.2 million) compared with $9.19 million previously, for the half year ended December 31. Revenue stood at' 5257.96 million ($230.17 million). Profit is after tax of $6.76 million ($6.17 million),
      Reuter.  -  215 words
    • Article
      Strike stifles mining
      121 9 A STRIKE has halted Iron 1 ore mining at Goldsworthy I Mining Ltd's Shay Gap and I Goldsworthy Mines in Perth and stopped ore shipments from its Flnucane Island j port for over a week. Mining stopped in late February when the mine- i workers struck after
      121 words
    • Article
      Lock icon Chase earns less from foreign deals
      307 9 NORTH AMERICAN COMPANIES Reuter. CHASE Manhattan Corp's foreign operations accounted for 65 per cent of total income before .Securities transactions last Q ._.year, down from 78 per cent in 1976. > v Income from international operations declined „to US$BO million (Ss2oo million) from $62
      Reuter.  -  307 words
    • Article
      Lock icon Penthouse plans casinohotel units
      150 9 Reuter. PENTHOUSE Interna"tlonal of New York an-->nounced plans to build two vaslno-hotel complexes In Atlantic City, New Jersey. The company, which publishes Penthouse, Viva and Forum magazines, said it has acquired a 99-year lease for a 392-room Holiday Inn and agreed to buy the 122-room Four
      Reuter.  -  150 words
    • Article
      Dividend
      39 9 "CONTROL Data Corp said directors raised the annual dividend to US2S cents from .15 cents a share, payable -April 17, on record March 21. The company said It paid its initial annual dividend of 15 cents in 1977.
      39 words
    • Article
      Lock icon Mitsui food group in US talks
      105 9 Reuter MITSUI and Co, President Yoshlzo Ikeda, leader of a two-week Japanese Import promotion mission to the US, said Its food group has begun "intensive negotiations" with over 40 US companies. He said no contracts have yet been signed but representatives from Japanese department
      Reuter  -  105 words
    • Article
      Lock icon SONY PUTS OUT NEW MINI VIDEO
      99 9 Reuter. SONY Corp said It developed a small and light colour video camera for business and home use, utilising an ultra-large scale charge coupled device, a new type of seml-conduc-tor. The new device reduces the camera's weight and size to about half that of
      Reuter.  -  99 words
    • Article
      Lock icon Waltons' loss
      62 9 Reuter. SYDNEY: Waltons Ltd attributed the decline in after tax profit to A 53.57 million from $5.36 million in the half year ended January to depressed retail trading condition, lower profitability of its insurance unit and the high cost of funding customers' instalment accounts. But sales in the
      Reuter.  -  62 words
    • Article
      Lock icon Royal Duitch/ Shell hit by forex losses
      716 9 EUROPEAN COMPANIES Reuter. ROYAL Dutch/Shell Group revealed net Income of £1.34 billion (SS6 billion) for last year compared with £1.23 billion previously. Sales stood at £28.48 billion (£24.9 billion). Earnings per share was 92.06p (82.54p) of Shell Transport and Trading Earnings per share
      Reuter.  -  716 words
    • Article
      Lock icon UK tap stock price
      100 9 Reuter. THE government broker has supplied the UK Exchequer with 8V« per cent 1983 shortdated tap stock at a price of £96 9/16. Bond market dealers said the market is only moderately active and doubt whether large amounts are being supplied. The long dated tap stock,
      Reuter.  -  100 words
    • Article
      GM revamps foreign operations
      112 9 GENERAL Motors Corp said it will reorganise Its overseas operations from April 1. to improve management coordination between North American and overseas operations and to improve efficiency. It said vice-president Alexander Cunningham was named group executive in charge of overseas operations. Five new General Motors vice-presidents
      112 words
    • Article
      Raytheon
      31 9 THE US Navy selected Raytheon Co over General Dynamics Corp for the engineering developments of an advanced version of the Sparrow air-to-air missile having a potential worth of US$2.3 billion.
      31 words
    • Article
      Lock icon SMITHKLINE THRIVES ON ULCER DRUG
      560 9 Reuter. TAGAMET, a drug to treat peptic ulcers is being viewed by many pharmaceutical analysts in Wall Street as one of the major breakthroughs In medicine in recent years. Introduced in the US by Smithkllne Corp. last August, the rewards for the Philadelphia-based pharmaceutical firm
      Reuter.  -  560 words
    • Article
      Utilities disappoint
      265 9 UNLIKE 1977, when stocks of many US electric utility companies registered strong advances despite sharp declines In most Industrial Issues, their performance this year has not been quite as strong. In fact, eight of the most active issues on the New York Stock Exchange, all down from Friday's
      265 words
    • Article
      Lock icon Credit Suisse offer to bank
      156 9 Reuter. CREDIT Suisse said It offered to acquire all the outstanding shares of Bank Neumuenster, Zurich, on the basis of an exchange of one Credit Suisse 500 franc bearer share for every three 500 franc Neumuenster shares. The Credit Suisse shares offered are eligible for
      Reuter.  -  156 words
    • Article
      Teheran orders
      31 9 THOMSON-CSF SA of France said it received an order worth 300 million francs from National Iranian Radio and Television to supply equipment for a short-wave radio station In Teheran.
      31 words
    • Article
      Refinancing at Bank of France
      97 9 COMMERCIAL banks' refinancing operations at the Bank of France stood at an average of 61.4 billion francs (5567.5 billion) last year, up nine billion from the average 1976 level, the bank said in its annual report. This nine billion francs was largely the result of
      97 words
    • Article
      Lock icon Midland Bank pushes pretax profit to £193m
      419 9 Reuter. MIDLAND Bank Ltd revealed pretax profit of £192.83 million (£186.4 million) for 1977. Earnings per share stood at 64.3 p (55.8 p) basic, and 58.8 p (51.3 p) fully diluted. Dividend was 1.75 p making 14.75 p (£llB2 p). Trading profit stood
      Reuter.  -  419 words
    • Article
      Lock icon COPPER CUTBACK
      168 9 Reuter. ZAMBIA'S two mining comKinles Roan Consolidated lnes (RCM) and Nchanga Consolidated Copper Mines (NCCM) have been Instructed to work out plans for implementing a 15 per cent cutback in copper production, a communique issued in Lusaka by the Zamblan Minister of Mines O.K. Chlnkull said. The Lusaka
      Reuter.  -  168 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      290 9 I I BUSINESS TIMES: Special Feature on Travel "A Businessman's Holiday With a difference" K April, the time of year when people are either travelling I or planning their annual holidays. Because they are frequent travellers, businessmen nJT are becoming increasingly selective when it comes to choosing a destination. To
      290 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1537 10 m BID and offer prices officially 4 listed and business In and reported to the Stock Exchange of Singapore yester- day with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. All < TUne Settlement Contracts are quoted after the world
      1,537 words
    • Article
      Government bonds
      121 10 4 3/4* 1/5/79 (250,000) (100.808 100.958) 5 1/4* 15/10/79 (250,000) (101.308 101.458) 5 3/4* 1/6/78-80 250,000) (101.15B) 4 3/4* 15/9/80 (250,000) (99.808 100.008) 5* T F 15/4/81 (250,000) (101.80B) 5* T F 15/10/81 (250,000) (101.70B) 5* T F 1/5/83 (250.000) (100.158 100.255) 5 3/4* T F 15/6/81-84 250.000)
      121 words
    • Article
      Stock options
      226 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the* number of options traded shown In brackets. Pan Electric (June $1.55) (0.278). Sime Darby (March 33.40X0.268) (1)0.26. Closing Tone: Finance firm while
      226 words
    • Article
      In Kuala Lumpur
      1531 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number ci shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INOUgTRIAU Asms (X.BOB) U) 1.«2. A internets (2.308 2.438). Aieem (2.758 2.768)
      1,531 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMutiert' pric* brMu 14) (Currant pi ■ioaa) The Commerce... 1 82 1.93 INCOME BOND 1.10 1.17 The Saving Fund 102 1.08xd S pore Prog Fund 0.87 0.92 MARA BUMIPUTRA FUND S pore Security (Maaagan' prion far Mar 14 Fund 1.09 1.7V First
    150 words
  • Article
    SHARE INFORMATION SERVICE
    2433 10 1*77/1»78 High bom Company Last Sale ■feeGr's Gr's Net Dfe Dhr Yld P/E Cff Vel Day (*696) High Lew SECTION ONE INDUSTRIALS 185 268 124 262 88 234 180 201 422 148 132 Acma 165 AJ com 58 Allied Choc 212 Bata 57* Ben 155 Bouste&d 144
    2,433 words
  • Article
    OIL PALM OUTPUT
    75 10 January 1978 FFB OIL KERNEL Tons Tens Tom Austral Enterprise Ayer Molek Rubber Bente Plantations 3,746 H.l> 150.00 Bukit Katil Rubber CastleAeld 73.23 14.04 Consolidated Plantations 30,720 6,144 1,229 Dunlop Estates Golden Hope 2,293.63 495.63 GuthrieRopei Inch Kenneth KaJang 18.89 3.54 Kempas (M) Kuala 3,556 711.00 142.00
    75 words
  • Article
    January Copra and Cocoa Output
    15 10 Copra Coco* Tom Ton* Golden Hope 419.19 119.75 Petaling 3.30
    15 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      109 10 The Love of ookmg f\ *Z'a S < l\ V sf: m > jut "V i >s< ■v Vi,< irf i i c 22 n XX MUM eoupe to deeierte, giving Mm oook a wider rant* of recipes to try, onco tho beeleo hove boon 'i Kenneth Lo regions of
      109 words
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  • Article, Illustration
    Shares gain all round
    761 11 SINGAPORE THE Malaysian National Front's election victory in Kelantan encouraged investors to take a more peaitive view of the market yesterday. Moderate to good gains were recorded all round in a steady to firm Stock Exchange of Singapore. Finance shares were especially bullish with gains ranging
    761 words
  • Article
    Kuala Lumpur very steady
    533 11 ENTHUSIASTIC buying during the early session of trading gave the Kuala Lumpur stock market a very steady tone yesterday. The fast trading tempo evident in the morning, however, slackened In the afternoon. Light profit-taking in view of the strong gains posted last Friday and yesterday morning
    533 words
  • LATEST RESULTS
    • Article
      GOODWOOD Park Hotel
      50 11 Group pre-tax profit $3.82 million ($3.56 million) for the year ended Sept 30, 1977. Net attributable loss $12,617 (profit $1.40 million) after tax $1.52 million ($1.12 million), extraordinary loss $2.03 million ($726,722) and minority share In losses of subsidiary $617,476 (profit $318,355). Dividend 7*4 per cent (same.)
      50 words
    • Article
      Hotel Malaysia
      37 11 Group pre-tax earnings $1.09 million ($469,451) for the year ended Sept 30, 1977. Tax 557,443 ($1,040) extraordinary losses $3 16 million ($70,089) leaving net osses at $2.62 million (profit $398,322)." Dividends five per cent (same.)
      37 words
    • Article
      Ming Court
      36 11 Pre-tax OA profit $1.56 million ($1.26 million) for the 12 months ended Sept 30. 1977. Tax $602,000 ($526,000), extraordinary loss nil (gains $45,558) leaving net profit at $954,351 ($778,922). Dividend five per cent (nil).
      36 words
  • COMPANY NEWS
    • Article
      High charges keep PDC in the red
      804 11  -  By ARTHUR NG HIGH interest charges continued to take their toll on the profitability of Pacific Development Credit, resulting In the company reporting another year of operating losses. Oroup net operating losses Incurred for the 12 months ended Sept 30, 1977 came to
      804 words
    • Article
      Sale boosts profit at Central Securities
      576 11 FIRST half profits at Central Securities (Holdings) have apparently been boosted substantially from capital gains derived from the sale of its palm oil estates and mill last September. Unaudited group net profits for the first six months ended last November galloped to M 54.6
      576 words
    • Article
      Gopeng joint venture gets green light
      731 11 OOPENO Consolidated, one of the last few remaining UK based tin and rubber companies here, has cleared the way for the development and mining of a 220hectare piece of new tin bearing ground In Perak In partnership with Bumlputra company Syarlkat Permodalan dan Perusahaan
      731 words
    • Article
      DIVIDENDS ANNOUNCED
      400 11 Currant paymeat Ex Data Date payable Total far the year Total far inflow waap Perils Plantations Wilkinson Taiplnf Consolidated Bents Austral* Amal. Min. Securities Msia. S.P. Textile Utd. Asbestos Cement Robinson K.L. Kepooc Berjaya Kawat Home (M) Bsrktd 8el. Coconut Malayan Tin Kuala Sidim Rub. Troaoh Mines Ayer
      400 words
    • Article, Illustration
      MAA suffers losses despite policy rise
      629 11 THE burdens of higher expenses and reserve requirements arising from the acquisition of new life business have continued to exert a toll on Malaysia American Assurance. For the year ended Dec 31 1977, the company's operating losses deepened to MSI 11.398 against a loss
      629 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      109 11 WHAT... is going on behind the posh facades of the mighty merchant banks 9 is wrong with the communication set-up in your company 9 is causing airlines to adopt a "'Change in Altitude" 9 is needed for the continued prosperity of the oil industry in the region 9 is Asean
      109 words
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  • Article
    Lock icon Nothing to stop yen rise to 220-level
    439 12 AP, UPI. THERE Is no way to prevent the yen from rising to 220 or perhaps even 210 to the US dollar this year, and there Is no possibility of Japan Increasing Its Imports for the next two or three years, a Japanese
    AP,; UPI.  -  439 words
  • Article
    Lock icon Rethink of oil price freeze by Saudis?
    344 12 UPI THE tumbling US dollar may prod moderate Saudi Arabia prime architect of the current 011-prlce freeze to back a mid-year price increase, an oil weekly in Beirut said yesterday. But the report In the Middle East Economic Survey (Mees) said the Saudis
    UPI  -  344 words
  • Article
    Lock icon Seoul to revamp its designated currency system
    330 12 Reuter. SOUTH KOREA plans shortly to make a complete overhaul of its system of designated foreign'currencies for authorised transactions. Assistant Finance Minister Chung In Yong said It is premature to give details of likely changes, but basically the government would like to abolish
    Reuter.  -  330 words
  • Article
    Boveri's $37m turnover
    58 12 BBC BROWN Boverl (Singapore), which manufactures low-voltage swltchgear, has achieved a total turnover of $37 million from Its start-up in January 1975 to the end of last year. The company, set up in 1974 exports 90 per cent of Its products. It recently won a $7 million
    58 words
  • Article
    LONDON STOCKS
    800 12 LONDON, Mon. Prices today closed quietly firmer as last week's rally was extended, with sentiment boosted by moves to stabilise currency markets and support the dollar, dealers said. Some shortdated government stocks were slightly easier but mediums and longs held quietly steady ahead of tomorrow's British trade figures.
    800 words
  • Article
    Lock icon Groundwork for fourth summit underway
    557 12 NYT AFTER some indecision caused by heat generated in the Bonn Washington dispute over economic growth rates, the United States has decided to go forward with plans for a fourth economic meeting of Western heads of states, probably in July at Bonn. A final date
    NYT  -  557 words
  • Article
    Rich nations will lend a hand
    484 12 THE WORLD S industrialised nations undertook to try to help poorer developing countries solve their debt problems by easing terms of loans they have already granted them. Sri Lankan Trade Minister Lallth Athulathmudali described the move as a significant breakthrough in the North-South Dialogue
    484 words
  • Article
    Swedish group considers Singapore
    132 12 AXEL JOHNSON, a leading Swedish Industrial conglomerate, may set up a representative export/ Import office In Singapore. This was stated by the leader of the visiting Swedish Industrial group, Mr. Ooran Ennerfelt, yesterday. The group Is on a factfinding tour of South Korea, Hongkong, the Philippines
    132 words
  • Article
    Also envoy to Denmark
    37 12 MR. JEK Yeun Thong, the present High Commissioner to the UK, has been appointed concurrently Ambassador to Denmark. Mr. Jek, 47, Minister for Culture, Science and Technology, will continue to reside In London.
    37 words
  • IN PARLIAMENT YESTERDAY
    • Article
      How to spur business to greater activity
      252 12 A STEP-UP in investment activity may be achieved with a general reduction in company taxee aaya Dr. Augustine Tan (Wkampoa). He said the Finance Minister should examine the cost-effectiveness of incentives like aocelerated depreciation allowances for industrial buildings and concessions on earnings from
      252 words
    • Article
      Submission of diesel studies
      76 12 LEADING international manufacturers of diesel engines of over 200 horsepower will submit detailed project studies to the Economic Development Board by the end of the month. The most suitable will then be submitted to the Asean Committee on Industry, Minerals and Energy for consideration. The Senior
      76 words
    • Article
      ITB's $4.4m investment
      62 12 THE Industrial Training Board has invested $4.4 million in new workshops and facilities to provide training In sophisticated skills required in the Republic, the acting Minister for Social Affairs, Dr. Ahmad Mattar said. Dr. Mattar said that the investments were for highlevel training in lnstrumentatlon and control
      62 words
    • Article
      Final thrust from private sector
      479 12 IN WHAT appear to be a reiteration of known government policy on Investment and private enterprise in Singapore, Finance Minister Hon Sul Sen said In Parliament last night that the Government can only provide the framework for economic growth but that the final push must
      479 words
    • Article
      Hon taken to task on 13th month payment
      404 12 THE Finance Minister's budget shows that he is capable of "Inflicting pain on, as well as soothing away some of It" from taxpayers, said the MP for Moulmeln, Lawrence Sla Khoon Seong. "He implements his measures with such artifice that at the
      404 words
    • Article
      Feet dragging in trade and export promotion
      271 12 MR HWANG Soo Jin, MP for Jalan Kayu, yesterday accused the Government of dragging its feet on plans to develop Investment and trade. "For example, during last year's debate, the Honourable Minister accepted quite enthusiastically the need for setting up an Export Promotion
      271 words
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      80 12 Meet the TOSHIBA 8D702A plain paper copier ANECONO^ALC^CT P *r PI FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT... HIRE PURCHASE OR RENTAL TERMS For further information, call Allan Tan MiMTMHI Orchard Road. Singapore 9. Telephone LUUHI nifll A Member of the inchcape Group *****2 Uses plain
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    SHIPPING TIMES
    4831 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 Une involved, and the estimated dates of arrival and departure from Singapore port. SeanDateh has a Joint mtvice arruitment with
    4,831 words
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    The Consortiums
    116 13 The major shipping consortium operating between the Far East/Euroi>c and Straits ports/Aostralia, and the member lines. ACE (FAR EAST/EUROPE): Franco Belgian Services. 'K' Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas' Container Line ANRO (STRAITS AUSTRALIA): Australian National Line. Australia/ Straits Container Line. Nedllcyd Lines. Neptune Orient
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    Who acts for whom...
    683 13 The leading shipping lines operating from Singapore and the local agents who handle cargo bookings for them. Ahli Shipping Sharjah Algerian National Line (CNAN) Unipacific Alpac Line Intrasea Anhsing Line Strongwill Angkutan Pertambagan Eastern Wan Angkutan P. (Cont. Service) Straits Shipping APL (American President Lines) APL
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      79 13 MAERSK UNE SERVICE ALL THE WW SINGAPORE *****46 PENAHG *****1 K. LUMPUR ***** P. KELANG *****0 SHIPPING INDIA STEAMSHIP COMPANY. LIMITED CALCUTTA mmm WSMU cmMU SINGAPORE PIE LAM PENAN LOADING FOR IMMAN FAITH 21/22 MAR 23/25 MAI WW MM rDAM/ANTWEV/H'BUK TIUURY/L'POOL IWMAN FORTVME 21/22 APR 21/25 API 21/21 API R*OAM/AN
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      23 13 SEA f* LAND MY/ REFMttMTED COWTAHO SOMCt NEXT MIDDLE EAST VESSEL WORLD LION V I HTM FLOOK, HONS LEON6 UK. IC, MFFLB QIMY
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      729 14 IF Hapag-Lloyd FULLY CONTAINERISED TO EUROPE EXPRESS CONVENTIONAL TO EUROPE S pot P.RtMf P« B'Lmh Genoa M'buff Bhittfl Mam Amp FnnonUtn In Pt 30/3 12/4 17/4 7/4 10/4 18/4 16/4 13/4 Sipfcil Ibctwn ll'/3 l(/3 13/3 4/4 katawttM 20/3 *M iMMhartft 29/3 31/3 3/4 MMI 8/4 'CaNMfßribao (26 '4) FULLY
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      739 14 £2 SANKYO LINEI AUSTRALIA SERVICE P.Koia* SiflCNW* THREE STAR IN PORT SAILED FREM, ADO, MEL, STO SEABLOOM 19/20 M«r W/iJ KYOSEIMARU */31 Mar 1/2 Apr RW MCUIIEI MAY SKY 11/3111* 1/2 Apr BUS. STO KYOTEN MAM 14/15 Apr 18/17 Apr ADEL.MELSYD BANGLADKSH SERVICE MAY BREE2E 15/16 Apr 13/14 Apr CHITTAfiOWS,
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      459 14 .LAND 3 U.S.A./ ASIA SERVICE PRY/REFRIGERATED CONTAINER SERVICE SAILING EVERT REONESMT fOR PORTS IN USA. CANADA. CARIBBEAN. lAPAN KOREA TAIWW, MOM ROM. TMHANO AM PHILIPPINES MID EAST SERVICE 40TH FLOOR. HONG LEONG BLOC, 16 RAFFLES QUAY SINGAPORE 1 Cuitomer Service Book..i| *****22 Terminal 257??!>3 *****37 Go one better to the
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      954 14 I Everett Lines Burmi Five Stir Skippini Corpn. "BURMESE NATIONAL LINE' LOADING FOR RANGOON BFA S C Agents in Miiloytio TEPS MALAYSIA Port Kelong Tel <38) 7355 Penong Tel *****/ ***** Wavayacton ItlfOliawml S. A. C.I. F 'ARGENTINE NATIONAL LINE' 2 LOADING fO* DWIU CAM TOWN BUENOS AIRES I P4I4GONIA
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      464 14 u JARDINE ANT AH SA.IL/jyw^y^; Orient Overseas CwUuneA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) ORIENTAL CHIEF M S SEAS BRIDGE 15M NEPTUNE CORAL 7W NEPTUNE PEAK. W FULLY CONTAINERISED SERVICE fROM EUROPE (VIA SUEZ) ORIENTAL CHIEF 71 i SEAS HUME 141 ORIENTAL RESEARCHERI CHEVALIER PAUL IK NEPTUNE CORAL
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      1157 15 OCL Overseas Containers Limited curommitp tawct t> w/cwthot: rum U KlilMl MIHt MA NAMIVRC umss iuu MT MM K«M (VMU DIMO mam Mm KM MM la P*rt I Apr I Apr I Mr (14 Apr) 1 14 Mr X Mar 14 Mr 1« Mr if Mr (II Mt M 1)
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      1381 15 Ben Ocean AjanttervxxofßenLmeßlueFlMinelClenljneandNSMO r» n/twnM>r (m tad NKIK PATROCLUS S.agapon P.Umi ftmnf Inn MM taPt/TS Mac MM 0 Apr Oil too. Amsterdam. Haabarg. DuW.n, Liverpool. 'J 1 I'M*, Leiioes, MnlL 10/1 1 Mar 0/10 Apr 1/ 1 M 11 M Bilbao, hast. M'kvrf. Dublin llf IS/1? Apr U Mi« I
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      786 15 BEN LINE cm yi H autc I HAVEN rtMUt HAVRE sot on Tmm P. blmi ft. Centoar/MAr* bwa rraace All ujl RAMARPU turn UM Pari R Apr Mr Apr (14 Apr) Mr PINALPtR 24 Mar 2R Mar K II Apr (21 Mr) II Mr MINI lUM nil 2R M* 11
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      980 15 [=U ii.l l U a: IV r 11 J. CONTINENT/ SCANDINAVIA Feeler tnm P. leiaat Vessel EIEANtIA 11/ I UUMII EIEANMA It/ J U)M f-ancesca n i mi. miima iu»W'» w muu FiiMIUl n/ 4 HiilUl S pore 1) MM'llct 2) Mm 3) Ntarf 4) Cb«r| 1/4 H/ 4 IV
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      636 15 W GUTHRIE BOUSTEAD LOCK LTD. mnniLiiMKi ■UVttAM (Maaritiin. Rtwioo. M'bua Imp, Btira. tartan. 1.1, p.i., p*«aat p. K*tw( nm am tun mm mr A VESSEL < Mauritius. Raama*. Durtaa. E.L, P.I., p**M| p. mini it/a Apr S p«n is/it Apr FtW UCT I FMTUNl STU I LAME (MM OTIC* FN
      636 words
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      976 16 "K" LINE J1 II it ,1 II J I 111. MERCATM 5W II Mar MMUM CONTAINER JW 31 Mar MENTAL CHEF M I Apr Sid SEAS MIINC IS* IS Apr P.XdMf MENTAL CHIEF 7E 11 Mar SEVEN SEAS MICE 14E 25 Mar MENTAL RESEARCHER IE 1 Apr POT AUER PAOL
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      1119 16 E.C. SERVICE acceptub FUAtt cwtnes nm rw*. t. bum. row* Laad.« Mr: MMU, VRML S-wm MM NM— NN« "SO MAOMYA PIAJESM (I'M* 38SBE-'X'SRpi":: 8«S J E. C./GREAT LAKES SERVICE I.M, w, Nffiu tim. annul. mm. uniMU. KTrti!. caicui. Penaaf Belawan Mlwf Snupore CI "VISUM SIOOMI" 21/1R 27/9 m ,4/I cauforru/pacific
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      1034 16 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: naurwt mmm container NIENTAL CHIEF SEVEH SEAS atiwc MENTAL CHEVALIER PA* UPTIME CORAL II Mar 17 Mar J¥ SI M* 1 Apr 17 Apr I Apr N Ipr 21 Apr IS Apr II Apr S May 22 Apr 23 Apr II Hay 21
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      810 16 mMKW S MAI AYSIAN HTtKNATtONAI SUPPING CORPORATION B&MAD IfL EL aiM4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/CONTINENT/SCANDINAVIA WW M— F«d«r *f. Krlaaj Vatsol ELEAMIA 14/ 1 SEIANtIA [UtMU I Ml MM FRANCESCA I Ml. KJIIU EIUMU IV 4 TBYAMA AM AcaaptMt fan 1) ImlM, Mm, t) Aaatartaa, Mwi, L
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      726 16 INTRASEA (PTE) LTU Tg NORASIA UNE REMAP MEPENKNT SERVICE Tl OMR S port P. Kelang Penang LaaPMg Fa s FINIX 23 tor II Mar A'wrp/ITdaM/irbug. *M.V. AECIS BALTIC 11 Apr I Apr 17 Apr S'ton/R'tom/ITbgri/ A'werp. •ktatum Ttraal* I'l/L tar m.m W MMiw. ARM* Ummn INTRASEA (PTE UP —*****11—RM 1it—2J*****
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