The Business Times, 15 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 WEDNESDAY, MARCH 15, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Fukuda's hint
      62 1 AFP TOKYO, Tues. Prime Minister Takeo Fukuda hinted today In Parliament that he would strongly urge US President Jimmy Carter to take further steps to stabilise the American currency when they meet In Washington on May 3. Mr. Fukuda said he welcomed measures agreed between the US and
      AFP  -  62 words
    • Article
      Lock icon Serious damage
      74 1 AFP TOKYO, Tues. Australian Deputy Prime Minister Douglas Anthony today met representatives of six major Japanese steel makers, urging them to limit planned curtailment of Japanese imports of Australian minerals to the minimum necessary. He said Australia has been working out the nation's trade plans with its stable
      AFP  -  74 words
    • Article
      Lock icon Thailand's deficit
      50 1 Reuter BANGKOK, Tues. Thailand's trade deficit during the first 11 months of 1977 Increased to US$BlB.5 million (Ssl.9 billion) from $548 million during the corresponding 1976 period, the director general of the Business Economics Department Anant Phuchaum said. Imports were $4.08 billion against exports of $3.26 billion. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Chemical deal
      62 1 Reuter LEIPZIG, Tues. East Germany today signed its biggest industrial deal with the United States, an accord with Dow Chemicals worth US$25O million (***** million) over 10 years for mutual deliveries of basic chemicals. Trade between the two countries, still restricted by American refusal to give East Germany
      Reuter  -  62 words
    • Article
      Lock icon Bail forfeited
      65 1 AFP KUALA LUMPUR, Tues. The High Court today ordered the forfeiture of Msloo,ooo being ball stood by Senator Raja Nong Chlk for the convicted former Selangor Chief Minister Datuk Harun Idris. Sen. Chlk was arrested on his return from Tokyo last week when he failed to appear in
      AFP  -  65 words
    • Article
      Lock icon First Thai Eurobond
      43 1 Reuter FRANKFURT, Tues. Thailand is negotiating its first ever Eurobond borrowing, a 50 million mark five-year private placement, bond market sources said. Officials of Dresdner Bank AG, which will lead manage, the issue, are now in Thailand discussing terms. Reuter
      Reuter  -  43 words
    • Article
      Manila-Peking pact
      52 1 MANILA, Tues. China and the Philippines signed a scientific and technical cooperation agreement today on the third day of Chinese Vice Premier Li Hsien-nien's five-day official visit here. Agreement provides for an exchange of professionals and technicians as well as scientific data and specimens on experiments between the
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    • Article
      Lock icon Dow Jones
      58 1 UPI NEW YORK, Tues. Stocks headed lower early today as the dollar plunged on foreign exchanges despite the US-West German support accord announced yesterday. Trading was moderate. The Dow Jones industrial average, was off 4.15 points to 755.81 shortly before 11 a.m. Declines outnumbered advances, 573 to 334,
      UPI  -  58 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      125 1 Rises Most octive Com Plant Guinnea* 8TPlf75 Sime Darby YHS OCBC Dak Yung Kern pa* Tractor* FAN Goodwood Park UIC Foils TroookMinea Ayer Hitam Tin T Harbour Supreme Corpn PakangCon* Tganu Dev 525 498 496 374 232 590 117 404 370 368 294 273 550 950 262
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    • Article, Illustration
      In Kuala Lumpur
      153 1 Falls Most active Berjuntal 7.00 -.30 S. Darby 876,000 Supreme Corp 2.50 -.20 Pahang Cons 364.000 Sel Dredge 4.12 -.20 API 228.000 Sg Besl 4 82 -.16 Unlllte 222.000 Tronoh 5.70 -.15 Total Turnover: 4.64 m Tongkah 2.00 -.12 Total Value: Ml 10.55 m Sanyo 3.40 -.10
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  • Article
    Gold exchange invites members
    1138 1  -  BLUEPRINT FOR NEW MARKET By SIVA ARASU SINGAPORE'S gold futures exchange Is set to take off after 3Vi years of tough and protracted negotiations between the Monetary Authority of Singapore and the Singapore Chamber of Commerce Rubber Association (SCCRA), chief promoter of the project. The draft
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  • Article
    TEAM FOR RUSSIA
    91 1 MALAYSIA plans to send a trade delegation to the Soviet Union this year. Foreign Minister Tengku Ahmad Rithauddeen said yesterday. After talks with visiting Soviet Deputy Minister of Foreign Affairs, N.P. Firyubin, Tengku Rithauddeen said the mission would look actively into selling and purchasing. Malaysian Soviet trade
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  • Article
    Higher food prices
    80 1 THE CONSUMER price Index last month was 1.2 per cent higher than in January because of higher food prices which rose by 2.1 per cent. Cheaper pork and eggs were more than offset by dearer rice, fish and fruits. Prices of clothing fell by 0.7 per cent
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  • Article
    EDB ready to relax terms on CAS loans
    541 1 SINGAPORE entrepreneurs, in need of funds for designated manufacturing projects, can now turn to the Capital Assistance Scheme run by the Economic Development Board. Up to January, the EDB had disbursed a total $23.6 million (excluding $9.7 million for Small Industries Finance
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  • Article
    Tokyo missions to visit Asean
    139 1 TWO separate Japanese business missions will visit the Asean member nations shortly. A spokesman for the Tokyo-based South-east Asian Promotion Centre for Trade, Investment and Tourism (Seapcentre) said one of the missions comprising about 30 Japanese businessmen, would visit the five nations from May 6
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  • Article
    Lock icon US dollar plunges to new low on Tokyo forex
    303 1 Reuter THE US dollar plunged to a record low of 233.00 yen on the Tokyo foreign exchange market yesterday, following disappointment at measures announced by West Germany and the US to defend the battered American currency. Japanese bankers said the measures
    Reuter  -  303 words
  • Article
    Rising yen leads to Japanese set-ups here
    547 1  -  ■y RONNIE LIM APPRECIATION of the yen, with consequent price hikes of Japanese products, are forcing the firms to set up manufacturing bases overseas, Including Slnga<pore. A number of Japanese companies are already In the process of starting assembly lines here. One of
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      31 1 whatever you need in menswear, get it at MOHAN'S DEFT. STORE (PTE) LTD. 321. Orchard Road 1* *****22 (rwxt to Mandarin Hotel) •ranch: 101.ISHigtln Shopping Centra fx *****40 Daily :9am-9 pm
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    • Advertisement
      Page 1 Advertisements Column 2
      49 1 Only The Best French Continental Cuisine are served! Lunch: 11.30 AM TO 2.30 PM Dinner 7.30 PM TO 10.30 PM C 1 p VS k "2 more than just good food Coffc« House •R«««ur«m Exacunvc Lounge Ntt Club Straits Trading Building (Basement) 9, Battery Road. Singapore 1. Tel: *****1
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      Page 1 Advertisements Column 3
      77 1 SHIPPING TIMES AURORA ownership change* hand 2 protectionism 7 PEOPLE in business 2 Tmc in Problems as SHIPPERS rub their hands in PERLIS Plantations stiil hopes 7 5 to maintainpayout 11 NEW freight service to Nigeria 5 CONSOLATION for William WH AT heeps De Beers Jachs (M) holders 11 sparkling
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      Page 1 Advertisements Column 4
      3 1 SEE PAGE C
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    • Advertisement
      Page 1 Advertisements Column 5
      159 1 imm LITE -•c (7 S s n s < P PROGRESSIVE ENTERPRISE PTE. IJD SEE BACK PAGE Electric Typewriter Editor 4C The Olivetti Editor 4C electric typewriter. That's what caused the stir. Consider its many fine points and you will understand. The Editor 4C is easy to operate. It doesn't
      159 words
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      210 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Feb 13 Mar 31 Administrative management YWCA, Marine Parade University of Singapore Mar 6-15 Material Store Accounting and Control Hotel Royal Ramada NPB 6-17 LCA Module 11: Basic Industrial Pneumatics NPB Jurong office NPB 6-17 IE Module 1: Methods Study Hotel
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    • Article, Illustration
      PEOPLE IN BUSINESS
      216 2 MR. Kerry St. Johnston has recently been appointed to the board of Straits Steamship as a non-executive director. He began his career as a trainee with Straits' principal shareholder, Ocean Transport and Trading Ltd. In 1955. in 1063 he was appointed managing director. Mr. St. Johnston was
      216 words
    • Article
      Takeover will benefit Aurora
      518 2  -  WORLDWIDE DUNBEE OUTLETS By TSANG SAU YIN NABISCO, a leading food manufacturer In the United States, has sold Its whollyowned toymaklng subsidiary, Aurora Products, to the British toymaker, Dunbee-Combex-Marx. Aurora has been in the red since 1972, a year after Nabisco bought the company, Incurring an
      518 words
    • Article
      Seoul puts the squeeze on foreign banks
      983 2 SOUTH KOREA'S squeeze on both the volume and the profitability of foreign banks' traditional financing operations should encourage them to expand into new areas of business. Assistant Finance Minister Chung In Yong said there is no discrimination against foreign banks In favour of
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    • Article
      MORE FOR FUNDS
      89 2 SOUTH KOREA plans to increase its fund contributions to major international financial institutions to improve its world financial standing. Finance Ministry officials said the government had already informed the International Monetary Fund of its consent to an IMF request for doubling South Korea's contribution to the IMF
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    • Article
      Aussie hopes on Sibex
      243 2 AUSTRALIA hopes to correct its $350-milHon trade deficit with Singapore through its participation in Slbex 78 This was disclosed by Mr. Peter Home, the Australian Trade Commissioner. More than 42 companies from Australia the largest single exhibitor are taking part in the four-day building equipment exhibition
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    • Article
      Lock icon COMMON FUND TALKS NEXT YEAR?
      460 2 Reuter MR. Oamani Corea, secretary general of the UN Conference on Trade and Development (Unctad) hoped suspended negotiations on a proposed multl-mllllon dollar International fund to stabilise leading world commodity markets, could resume next May or June. Mr. Corea was addressing a meeting of an
      Reuter  -  460 words
    • Article, Illustration
      Lock icon India reveals concern over trade walls
      495 2 AFP INDIA has conveyed its concern to Britain at the recent assertion of protectionist trends which Impaired even the limited opportunities available for the exports of developing countries to developed markets. India's anxiety was exBressed on Monday by Ilnlster for Commerce and Civil Supplies,
      AFP  -  495 words
    • Article
      Lock icon Two new working areas for oil firms
      172 2 Reuter INDONESIA is opening two new working areas in central Sumatra for foreign investment in hydrocarbon exploration and production. Pertamlna exploration director Trisulo said the two working areas are located in the southern part of the central Sumatra basin and comprised more than
      Reuter  -  172 words
    • Article
      Bangkok trading returns to normal
      88 2 COMMERCIAL banks In Bangkok reported normal trading on Monday after a fierlod of uncertainty ollowlng the government's March 8 decision to unpeg the baht from the US dollar. The Bangkok Post quoting bankers, said things returned to normal after the Bank of Thailand called representatives
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    • Article
      Lock icon Austrian textile makers seek HK partners
      324 2 AFP FORTY-THREE Austrian manufacturers are now holding a textile and fashion fair in Hongkong. Mr. Anton Fend, member of the board of the Austrian Textile Manufacturers Association, said they had come In search for a right partner for their products. Twelve of them manufacture
      AFP  -  324 words
    • Article
      Business report on export scope in Far East
      213 2 MAJOR new investment and export opportunities in South, South-east and East Asia, are revealed in Asian Industrial Expansion, an international business study by the Financial Times business publishing division. The report's author and researcher, Mr. Anthony Edwards, worked with the Economic Intelligence
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      91 2 Si DIR axit:u ARAB-MALAYSIAN DEVELOPMENT BANK BERHAD has produced the above publication The Kuala Lumpur Bankers Directory as a service and contribution to the financial community in Malaysia and South East Asia. If your corporation is interested in obtaining a complimentary copy of our publication, kindly write on your business
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      523 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Restless employee? (0) 7 Contest in which the len aren't used! (4, 4) 8 River gear (4) 1* Like a diet not deficient in Iron (0) II Servant Samuel? (6) 14 Deep water? Not quite (3) 15 It's my mixture that's clouded (5) 17
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  • OVERSEAS
    • Article
      Lock icon Human rights link to Lome pact rejected
      349 3 AP THE head of a delegation of 50 African, Caribbean and Pacific (ACP) countries with which the EEC has cooperation accords rejected a Community proposal to Include a human rights clause In a new agreement scheduled to be discussed later this year. Mr.
      AP  -  349 words
    • Article
      Lock icon Eight producers' ploy to raise coffee prices
      532 3 AP EIGHT Latin American coffee producers who withdrew half a billion pounds of coffee from world markets are waiting for the price to reach US$l.BO (554.14) a pound before releasing the stocks, Carlos Romero, president of El Salvador said in San Salvador. Coffee
      AP  -  532 words
    • WORLD IN BRIEF
      • Article
        Lock icon ISRAEL WINS MAJOR DEAL
        343 3 Agencies ISRAEL has clinched a major deal to set up a desalination plant for the Iranian Navy at Bandar Abbas, Teheran sources said. The Israeli firm IDE, which is expected to finalise the US$2O million (Ss46 million) contract soon, will take about 18 months to install
        Agencies  -  343 words
    • Article
      Lock icon Bolivia seethes over US plan to release tin
      219 3 Reuter ANTI-American feeling In Bolivia reached a peak with government officials and trade union leaders describing US plans to sell 45,000 tonnes of its strategic stockpile of tin as economic aggression A communique issued in La Paz after a meeting of officials
      Reuter  -  219 words
    • Article
      Lock icon February UK retail sales rebound
      224 3 Reuter UK RETAIL sales volume rose about IVi per cent In February to a provisional 106.5 (base*l97l), from the low January figure of 104.S but slightly lower than December's buoyant sales Index of 106.9, seasonallyadjusted. The- Trade Department said sales volume in the three months
      Reuter  -  224 words
    • Article
      ENGINEERS CALL OFF STRIKE
      51 3 BRITISH engineers have called off their planned two-day strike scheduled next Monday and Tuesday. President of the Amalgamated Union of Engineering Workers, Hugh Scanlon said engineering employers and representatives of the Confederation of Engineering and Shipbuilding Workers Unions would be seeing British Employment Secretary Albert Booth
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    • Article
      Lock icon Downturn in US oil imports
      789 3 CONSERVATION SHOWS RESULTS NYT AMERICAN oil Imports have started to decline despite congressional efforts to shape energy legislation to reduce the nation's dependence on foreign oil. Oil analysts now predict that the nation win consume about 5 per cent less foreign oil this year than
      NYT  -  789 words
    • Article
      Coal showdown not likely
      470 3 TENS of thousands of American coal miners defied a Taft-Hartley Injunction to return to work on Monday but the Justice Department did not anticipate any showdown as long as current negotiations hold out hope of a peaceful settlement. Reports from the coalfields indicated that most of
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      355 3 LJ f ■> v 4. a# MJMV/ S.E. ASIA IST. INTERNATIONAL MATERIALS Billed by the Industry as the COMING BACK HANDL| NG CONSTRUCTION MACHINERY SHOW "BAUMA OF SOUTH EAST ASIA" -jgyg 227 exhibitors from 18 countries, occupying 20.0005q. metres of exhibition spoce oyer 20.000 trade visitors from 25 countries who
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      367 4 THE Singapore market closed very quiet yesterday with April One RSB buyers quoted at 205.75 cents/ kilo, unchanged from Monday's close, dealers said. Quietly steady conditions ruled during the afternoon but hardened some half cent after the close on speculative buying. The morning market closed
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    • Article
      RAS PRICES
      325 4 Prices In centa per kilo yesterday: Noon Close (perkllo) (perkllo) Int. 1 R.S.S. prompt f o b. Buyers Sellers Buyers Sellers 204.00 205 00N 204.75 205 75N Int. 1 RSS April 205.25 205.50 205.75 206 25 Int 1 R.S.S. May 206.75 206.00 206 25 206 75 Int. 2R.S.S.
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    • Article
      SSR AND SMR
      95 4 NOON SSR prices yesterday: has SSR 20 SSR 50 (1-ton pallet) (1-ton Pallet) April (Current Mtk) Buyer* Sellers (emu parks) 195.00 198.00N 193.00 195.00N May (Forward Mthi Buyer* Seller* (ceat* perkf) 198 00 197.00N 194.00 198.00N MRELB SMR5CV SMR 5 L SMR 5 SMR 10 SMR 20
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    • Article
      Closing prices
      28 4 Rubber: March 14: SinciDoit: April 206.75 cent* (unch) Malaysia: April 209.00 cent* (up 0.50 centa) Tin: $1,580 (down |7) Official offering: 281 tonnes (up 20 tonne*)
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      Produce exchange
      350 4 PRICES all held steady in a quiet Singapore produce market yesterday. In the coconut oil sector, there was an absence of overseas demand and dealers had to be content with making small sales on local consumption accounts. Prices of coconut oil had a barely steady undertone. Sentiment in
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    • Article
      Rice
      191 4 BANGKOK rice prices were as follows yesterday: US dollars per tonne fob basis Bangkok: While Rice: 100 pet Ist class 422. 100 pet 2nd class 407,100 pet 3rd class 402. spet 393. 10 pet 380, 15 pet 375. 20 pet 370. 25 pet 362. 35 pet unq. Broken: A-l
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    • Article
      Cocoa
      263 4 TERMINAL cocoa In London yesterday morning finished a long opening call £23.50 up to £25 down after wide two-way swings. New contract highs for 1978 were established In nearby positions. Hedging against West African origin sales were featured by chart and speculative buying helped maintain recent support. Prices were
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    • Article
      Palm oil
      75 4 C I F. US dollar per ton LONDON: Monday Previoua Malaysia 5% (fa bulk May 590 sir 815 sir Sumatra 5% ffa March 590 pd 590 pd April 600 805 pd 600/605 pd May 620 sir 620 Sir June 570/572* pd 595 sir July 570 pd 590 sir
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      Straits tin
      157 4 THE Straits tin price In Penang yesterday fell Ms 7 to $I£Bo on an official offering of 281 tonnes. In LONDON yesterday, tin finished £15 higher for cash and unchanged for Three Months at midday. Pre-market prices easled Initially reflecting the fall at Penang and the geeneral trend
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    • Article
      Sugar
      416 4 SUGAR futures In London yesterday opened £2.95 to £4.70 below Monday's afternoon closing levels. Turnover totalled 823 lots. Dealers said the market opened Irregularly lower with some scale down trade buying and short-covering restricting losses in the near months but there was little support In forward positions. Market sources
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    • Article
      Coffee
      216 4 ROBUSTA terminal in London yesterday morning opened £15 to £8 per tonne down. Turnover totalled 106 lots. Quiet conditions persisted initially with prices as expected, lower in line with New York on Monday night. Arablc&s were tradeless with values $2.50 to $4.75 per 50 kilos lower. On Monday, the
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    • Article
      Hongkong comex
      346 4 THE sugar market closed yesterday easier In quiet and featureless trading, with 15 lots traded. Trading was confined to May and October, which fell 0.41 and 0.42 US cents respectively from the previous closing on commission houses selling, but prices were little changed from the opening on trade
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    • Article
      Soybean
      151 4 SOYBEAN futures In Chicago on Monday closed with limit gains of 30 cents a bushel In old crop months and 28 to 14-1/2 cents higher in new crop months. The market traded higher from a mixed opening In early dealings when a lack of selling generated local short-covering. Around
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    • Article
      Wheat
      147 4 WHEAT futures In Chicago on Monday showed latesession strength as new crop contracts rose sharply in response to the proposed New Farm legislation. Prices were at or Just below the day's highs at the close, with new crop months up 11 K to 14 cents a bushel. The May
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    • Article
      Gold
      360 4 THE kllobar in Singapore opened at 3114,109 and closed at $14,040. In London, the metal opened at U*****.65/95. Profit-taking in the morning depressed prices to a low of $187.20/50 before firming quickly to $188.00/30 on renewed buying interest. The market closed at $187.80/ 188.10. The London morning fix was
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    • Article
      Lead
      73 4 LEAD in London yesterday morning closed with cash down £0.50 and Three Months £1.50 lower. Lead declined on the premarket under profit-taking and chart-selling from £310 to £304 for Three Months. However, short-covering and chart-buying resistance developed in the ring and by the end of kerb dealings losses had
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    • Article
      Zinc
      74 4 ZINC finished in London yesterday morning with cash up £0.75 and Three Months down £0.50. Scattered profit-taking emerged following the general trend In base metals at the outset but short-co-vering and Influential buying of cash metal reversed the trend In the ring. Sales were 1,200 tonnes. On Monday, zinc
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        512 4 STRONG gains by the US dollar were made against the Deutschemark on the forex market yesterday, following the Joint USGerman announcement on support for the dollar. The US unit gained nearly 200 points, and fared well against sterling and the Swiss franc. The dollar, however, failed to advance
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        Minimum lending rates
        73 4 THE AVERAGE prime rate of banks in Singapore stands •round 7 per cent, with the range running between 6V« per cent and 7V« per cent. Oversea-Chinese Banking Corporation is at the lower end of the range while a number of banks, including Citibank and Development Bank of
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        Asian $ rates
        178 4 Asian rates ASIAN currency rates as at close 7 days 1 mth 2 mthi 3 mths 6 mths Smths 12 mths deposit interbank VsDoUar. (9»«) Offer Bid .7 7/8 .7 1/8 7 .7 1/4 7 1/8 .7 1/2 7 3/8 •7 5/8 7 1/2 .7 3/4 7 5/8 .7 7/8
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        Australia/NZ
        57 4 A UBTRALIA/NZ exchanges quote* on ttor 14: AUSTRALIA US dollar 1385/1 1337 Sterling 0 5967/0 5616 Ninety-day air mall buying rates: Sterling 0 6132 US dollar 1.1665 Ninety-day forward buying rate* Sterling 0 5861 US (loiter 1 1367 NEW ZEALAND Starting 0 5366/0 5337 US dollar 102W/***** Ninety-day airmail
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        Euro $ rates
        63 4 Euro rates LONDON Eurodollar deposit* opening quotes on Mar 14: Overnight 6-7/g, e-3/4 Wed/Thurs 6-15/16. 6-13/16 Thurs/m 20-1/16. 10-15/16 Call two dan 6-7/1, 63/4 Seven days fix and notice 7. 6-7/6 One mth 7-1/6, 7 Two mth* 7-1/4. 7-1/t Three roths 7-7/16. 7-9/16 Four mth* 7-7/16, 7-5/16 Five mth* 7-6/16,
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        Discount
        50 4 RANGE of prices dffered by discount houses on Mar 14: Overnight 2 3*4 Call deposit 3 1/4* Clociif Buying Selling 3-Month Treasury bills 3 3/l« 31/1« 3-Month Bank bills 4 7/8 4 3/4 3-Month CD 5 4 7/8 •-Month CD 5 7/16 5 5/18 Source: National Discount Co Ltd.
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        Zurich
        60 4 ZURICH exchange» cloelnj quote* on M UB 3 I 99#0-9«40 Sterling 3.7339-7473 Can 1 7447-7497 D Mk 95 3749-7582 D F1 89 1468-0004 F Fr 41 2856-4784 B Fr 0838-1089 O Kr 34 3896-4924 N Kr 38 3451-4717 S Kr 42.0141-1459 Lit 0 2283-2270 Au« «etl 13 1919-2434 Port
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        Frankfurt
        46 4 FRANKFURT exchanges opening quotes on Mar 14: US 2 9410/40 Can 1 8200/30 Stirling 3.90/91 D Ft 93!50/70 8 Fr 104 75/108 08 Lit 2 38/39 F FT 42 90/43 08 M Kr 38 24/34 B FT (can) 413/423 B Fr (fin) 8.42/43 Yen 0.8790/8808
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        London
        176 4 THE dollar put up a mixed performance against leading currencies tending partly to recover Monday's sharp retreat. Trading was relatively quiet and profit-taking in the stronger currencies helped the slightly steadier dollar tone. The dollar gained to 2.0552/ 67 marks after staying around overnight levels in early trades at
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      • Article
        Tokyo
        221 4 THE US dollar for overnight delivery closed at a post-war record low of 233.00 yen, compared with 233.50 at the opening. The Bank of Japan bought an unknown amount of dollars at 233.00 yen. Dealers later said the Bank of Japan bought an estimated $120 million against a rush
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        Hongkong
        186 4 TUESDAY S US dollar closed sharply lower at 232.65/ 85 yen compared with 233.35/ 65 in New York overnight after an earlier decline was accelerated following publication of Japan's preliminary customs clearance trade surplus of $1.65 billion in February. However, the dollar ended considerably above the day's lowest levels
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      • Article
        Eurobonds
        428 4 THE Eurobond market In London yesterday was quietly mixed reflecting investor uncertainty following the joint US/ Oerman package to support the US dollar. US dollar bonds were marked down by up to W point In reaction to news of the planned Australia US$3OO million Eurobond, dealers said. Some dealers
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    • Article
      Copper
      272 4 COPPER wlrebara In London yesterday finished the morning with all round losses of £8.50 per tonne. Prices worked lower on the pre-market under moderate liquidation and profit-taking prompted by a lack of direction from New York overnight and absence of fresh Incentives. Three Months traded down from an initial
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    • Article
      Silver
      234 4 SILVER in London yesterday morning showed gain of 5.5 to 8.0 pence per troy ounce. Higher lntlal pre-market levels reflected overnight gains at New York and Chicago, dealers said. Values subsequently drifted lower under profittaking prompted by the easier trend in base metals, but following the higher gold fix
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      162 4 Don't let the language barrier stop you from wider friP2 (o) contacts I I t M 4 m e^V v/ Y s®° f^°ec e> e y, 'Ml, V^ 0 o p 3^ \e A TP YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere
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  • TRANSPORT
    • Article
      Lockheed to study liquid methane fuel
      304 5 LOCKHEED California Co, has received a contract from the US National Aeronautics and Space Administration's (Nasa) Langley Research Centre to study UJuld methane fuel systems or aircraft capable of carrying 400 passengers for 10,000 km. at a cruise speed of about 1,030 km per
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    • Article
      New budget fare
      93 5 THE Indonesian flag carrier Oaruda announced a new budget fare arrangement with Pan American Airlines which effects a 50 per cent reduction in fares between Jakarta and the US. The budget rates halve current fares between this city and major US cities, with the effective one-way fares
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      SHIPS IN PORT
      369 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Botany Trust (Tanker) (after Pollna Oslpenko sails) 15/16 Bunga Setawar (1500 after Oriental Antelope) 19 Centaur (1330 after State of Madhya Pradesh) 44 Frotasantos (1300 after Palatlno) 1/2 Oolden Source (0600) 22 Inzhener Yamburewko (0600 after Marla-N) 38/39 King Luck (0600 23
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      Mitsui delivers bulk carrier to Nordtranp
      180 5 NORDTRANP L/ 8 of Denmark recently took delivery of the 33,750-dwt bulk carrier, Nordval from Mitsui Engineering and Shipbuilding of. Japan. Equipped with a Mltsul-B and W long-stroke dlesel engine, a bulbous bow and transom stern as well as a poop and aft-brldge, this
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      DAILY AIRCRAFT MOVEMENTS
      567 5 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE VI AS MH682 0825 KCH PAL PR501 1005 MNL 3IA GA980 1030 HLP ZPA CX710 1035 HLP THAI TG423 1035 BKK 3IA SQ209 1045 HLP THAI TG981 1045 BKK 3IA OA 944 1055 PKU 3IA OA
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      Field day for the shippers
      521 5  -  By CHAN BONG SOO TIME WAS when too much cargo was chasing after too few ships. Much to the relief of shippers, the situation is just the other way round today, thanks partly to the re-opening of the Sues Canal. Freight discounts are the order
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    • Article
      LONDON FREIGHT MARKET
      149 5 US Gulf and River Plate grain fixing to Japan dominated an otherwise subdued freight market on Monday. However, rates continue to be steady. In the US Gulf, Continental grain fixed the Asia Industry with a 28,000-ton Gulf-Japan cargo at US$lO.BO, basis March 20 25 loading. River Plate
      149 words
    • Article
      Increased capacity
      48 5 THE IRANIAN National Oil Company plans to increase the capacity of its tanker fleet from 1 million to 10 million tonnes, its chairman Hushang Ansary announced on Monday. Tankers carrying Iranian crude oil on the outward voyage would be transformed into freighters for the return trip.
      48 words
    • Article
      Medafrica's new service from F-E to Nigeria
      435 5 ITALIAN BASED Medafrica Line's recent announcement of a monthly shipping service from the Far Bast to the Nigerian port, Harcourt, will expedite cargo delivery and save shippers money. Shippers will no longer have to put up with the congestion that usually prevailed in
      435 words
    • Article
      Lock icon COMPULSORY SCREENING
      91 5 Reuter THE US Federal Aviation Administration had proposed compulsory electronic screening for all charter airline passengers. The threat of terrorism is increasing, and terrorists might be attracted to the charter flights because they present an easier target than the scheduled airlines. In the past, the major deterrent to
      Reuter  -  91 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      21 5 SINTAT Rent-a-Car Singapore airpor l T£ L *****S CITY TEL 235^0->f -f Cali us *or your loca' or onward reservations —r
      21 words
    • Advertisement
      Page 5 Advertisements Column 2
      190 5 How well do you know your Australian Birds? The Qantastic 'One stop toLondon'bird. 4 services a week, every Monday,' Tuesday, Thursday; Saturday at 9.45 pm m m ill 111 <> »i,« Qantas introduces a very special bird ?to Singapore. The Qantastic 'One Stop to London' bird. Taking off four times
      190 words
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  • Article
    The race of skills is definitely on
    438 6 THE THAI government's announcement of its plana to build two deep-sea ports In southern Thailand raises once again the spectre of competition for Singapore's port, Thailand being another, and potentially rival, aspirant to the regional-port status which Singapore has already largely achieved. Although
    438 words
  • Article
    EDB scheme not good enough
    279 6 THE Economic Development Board's proclaimed new policy enabling more local entrepreneurs to make greater use of the Capital Assistance Scheme may not be enough to stimulate local Industry, if two basic problems In the implementation of the Scheme are not first resolved. The Scheme is,
    279 words
  • Article, Illustration
    Lock icon Can sparkling De Beers be forever?
    2113 6  -  •y PAUL CHEESERIGHT FT MR. ROSS FRAMES is a forgotten figure of corporate history. He was chairman of De Beers in the days before the company was lndlssolubly linked with the name of Oppenhelmer, when the diamond Industry was fragmented and returns were uneven.
    FT; Source: DE BEERS  -  2,113 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      579 6 M Orchard Road, S'pare 9. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: *****1 Pebble Bar Come and be enchanted by the repertoire of the dynamic duo Adam and Ben (appearing for a short season only). Daily (except Sunday) open till 2 am the Pebble Bar. Coffee Shop Our Quick
      579 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      64 6 WEATHER WEATHER outlook for Singapore from 6 a.m. to noon today: isolated showers around mid-day. REPORT for 24 hours prior to 7.30 pm on March 14 ■t the airport. Maximum Temperature 31.9° C Associated Humidity 71 Minimum Temperature 25.2° C Associated Humidity 96 Hours of Sunshine 3.65 Rainfall in Millimetres
      64 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      249 6 radio SINGAPORE 5 3.00 PM Opening announcement! followed by Star Performance Billy and the Bride (Last Episode) 3.30 Diary Of Events (Malay) 3.35 Bonanza Thornton's Account* 4.25 Intermission 6.00 Opening announcements followec by Electric Company* 6.30 News in Brief* 6.35 Wild, Wild World Of Animals Armies Of Ants* 7.00 Rampaian
      249 words
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  • Article, Illustration
    Lock icon Beware the many evils of protectionism
    941 7  -  There never wee ee self-evident e misnomer ee "protectionism" for it *11 too rarely "protects" what it is meant to protect; on the contrary, the logic behind protectionism is entirely false and may well lead to the destruction of the very thing it seeks
    FT  -  941 words
  • Article, Illustration
    Lock icon Soviet watch industry doesn't stop ticking
    563 7  -  .1v THOMAS KENT AP WATCHMAKING has become a major export Industry for the Soviet Union, which has quietly climbed to third place In worldwide sales behind the traditional industry leaders Switzerland and Japan. Aiming mainly for the low-priced watch market, the Soviets have made
    AP  -  563 words
  • Article, Illustration
    STRAWS IN THE WIND
    372 7 BEECHAMS have been producing Dynamo, an energy booster for athletes, for some time; now ColgatePalmolive has come up with a liquid detergent called Dynamo. Should they get confused, I would hate to see the effect on aspiring Olympic champions, or for that matter, on hitherto slow-moving,
    372 words
  • Article
    Tackling the problems as a group
    902 7  -  [FORUM f ...on management •y JUZAR MOTIWALLA MORE and more often, the contemporary manager must face situations where he must elicit and combine Judgements in group i meetings. i It Is a fact of organisational life that managers spend a considerable amount of time
    902 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      315 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore II Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL
      315 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      31 7 BriStoW.'FteAfc Dickens UJMIYPS Tv«, fcUSM ,BRlS"fou>? WR>|OUR UFC.POtoNS p*e onTue fbOR GP»NG OF Clerks WHO flbPwn THE. siec LOOKUP R* EH THFW'S BPIO CIS "Me, OFFICE. UX^2K6RS GGMVPIUENT OF THE DXS
      31 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Autos lacklustre
      661 8 ASIAN MARKETS ■Tokyo Source: DBS-Daiwa EXPORT-RXLATKD Issues such ss Sony, Pioneer and Victor Japan posted sizable losses yeeterday due to Increasing Investors concern following the yen's upsurge to 233.5 to the dollar on the Tokyo foreign excteue market. TXuto issues, including Nissan Motor and Honda, and camera issues,
      Source: DBS-Daiwa  -  661 words
    • Article
      Lock icon Hongkong
      339 8 Source: SBK Sw Ltd. DESPITE trendless overseas markets and continued uncertainty over the US dollar. sott*~ buying of undervalued hofltf* relative to market armies such as Hutchison WhiSttpoa saw the market open on A. healthy note. Swire Pacific at 5.75 also atjxft&ted Interest but unfortunately the optimism was confined
      Source: SBK Sw Ltd.  -  339 words
    • Article
      Sydney
      249 8 THE stock market continued generally firm on overseas metals and gold prices yesterday. MAR 14 Cents INDUSTRIALS A.C.I. -4 A. N.I. 135 1 A P M 118 unch Ampol Pet 71 unch B H P 558 +4 Bank NSW 508 +4 Boral 230 +5 Brambles 178 unch C B
      249 words
    • Article
      Manila
      117 8 THE market closed lower yesterday on turnover of 1.39 million pesos against Monday's 1.76 million, dealers said. MAR M Pesos Aco|eMining Atlas Con A Atlas Con. B Baguto Gold Benguet Con B BF Goodrich CDCP Inco B Lepanto B Marlnduque B Meralco Oriental A Oriental B Pti 11 Overseas
      117 words
    • Article
      Bangkok
      146 8 MAR 14 Bahts Asia Fibre Bangkok Bank 301 -2 Bangkok Invest 378 -12 Bangkok-Metro-politan. Bank Bata SOS unc BerllJucker 498 -8 Carpet Intnl 392 -20 Charoong Thai Wire 438 -4 Dumex DusltThanl 383 ur>c Faber Merlin First Trust 818 +3 Genera Finance Indo-Thai Industrial Finance Corp 2905 20 J
      146 words
    • Article
      Jo'burg
      380 8 JOHANNESBURG: Oold shares drifted easier to clow mixed on Monday, following lower bullion indications and a general lack of Interest. Financial minings turned easier in light trading In sympathy with producer. De Beers was 11 cents easier at 567, while Anamlnt gained 100 cents to 8100 following results. Other
      380 words
    • Article
      Generally mixed
      388 8 EUROPEAN MARKETS MOST European bourse* closed mixed in moderately active trading. Belgian stocks Sldro, Union Meniere, Acec and CBR row. Asturvenne row 5 per cant. Ebes, which announced an unchanged 19T7 dividend, was unchanged. Jhlle Vlelle Montagne, Hobo ken, Cockertlt, llosane. Cometra and Andre Dumont (ell. ninL.« r<
      388 words
    • Article
      Frankfurt
      216 8 MAR II Dm Ael-Telefunken 88 10 -0 3 Akzo 21.20 Alii Leben 620 -9 AllzVers 488 ♦1 BASF 130 >1.1 Bay H T Wbank 288 BayVbank 323 1 Bayer 130B BBC 302 50 BMW a Cassella 276B Chem Verw 228 •05 Commerzbank 232 SO ♦0 4 Contl Oummi 78
      216 words
    • Article
      Zurich
      181 8 MAR IS Francs Actions Suisses 256 uncft Alusulsse Br uao 30 Alusulsse Ret 536 -4 Brown Boverl Br IMS >20 Clba Oeigy Br 1125 ♦5 Clba deify PC •SO +30 Clba deify Key. •44 •♦4 Credit Suisse Br 2225 5 Credit Suisse Ret 440 ♦3 Elektrowatt Br 1900 ♦70
      181 words
    • Article
      Amsterdam
      229 8 MAR U FU ♦A ABN 344 SO -OS Ahold 100 00 unch Akzo 22 90 +0.1 AMEV 80 50 -02 Amfas 10*90 -03 Amrol Bank 75 90 +0.8 Bergoss 02 00 •1 Berk M 90 2.9 Bols 70 10 ♦0.5 Borsumlj 141 00 unch Burhmann 66 40 ♦0.2 Byenkorf
      229 words
    • Article
      Brussels
      93 8 MAR Frs FORWARD MARK XT Acec 221 ♦4 Arbed 2285 Astur 4M 35 Brajcan ♦40 unch Bru-Lamb 1416 +6 Canpac 485 Cock 352 -4 De Beers 180 1 Ebes 2355 unch Electro be 1 8050 -10 Gb-Inno-Bm 1855 -9 Oev 1238 ♦2 Hobok 2210 -40 Petro 3850 50 Ryl
      93 words
    • Article
      Paris
      258 8 MAI IS Prs Alr-Llqulde BSN Oervals Danone CSF(ThomaonCM) Cle Francalae desPetroies Compagnie Ftnanciere Compagnie Generate Credit fonder De Prance Hachette (Llbralrte) Machine* Bull Mlchelln (B) Parlbas Pechlney Clgln* Kuhlmann Peugeot' KhiiipMNvOem Belli) PrinlemnsSA Rhone- Poulence 8A Royal Dutch SuewCie Flnan De) Thomaon Brandt Ustnor 390 348 4 153 101.80
      258 words
    • Article
      Market stands firm
      1077 8 New York A STROWQ Mltj Mock nuM rally |iit way to profit-taking on Monday In the afternoon, but the market held it* ground and ended slightly higher trading. The morning advance was attributed to hope* that US. Weet Oerman measures, announced on Monday in Bonn and Waahlnton.
      1,077 words
    • Article
      CHICAGO BOARD OPTIONS
      1384 8 March 13 )N THE Chicago Board Options Exchange, a total of 17,159 contracts was traded on Monday, compared with 06,342 contracts last Friday. OPTION APL JLY OCT 8TOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P
      1,384 words
    • Article
      Toronto
      197 8 MAS U CI AMtlbt Mean Alfom* Bank Mont Bank Nora Scotia Bell Tel Beth Corp BP Clan Ltd Brascan Camp Red Lake Can Imp Bk Canpac Canpac In* Pf CarUn« O'Keefe Oomlnco Cons Bath Con* Martenor Daakoe Dentaon Dom Store* Dom Tar Dome Mine* Falconbrtdfe ralconbrtd#e Cop Oenttar OtWeatLUe
      197 words
    • Article
      Selected indices
      59 8 FINANCIAL TUa INDUSTRIAL* Friday 4M.0 Week Ago Mi l DOW JONKS A VOL AOS INDUSTRIAL* Monday 78A M rr**y 7M.M Week Afo HI.71 LONDON DOLLA M ranuuM Monday tt rtttoj 2 mSm HJL HANOKNG Tuesday Monday oi!ti Week Afo 4S1.00 STUNK T DVDUVnU AL0 Tueeday SM.71 Monday Week
      59 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      370 8 These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants, opened new worlds, riddled superstition with everlasting truth. ing of civilization's peat men. A
      370 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Beatrice offer is too tempting
      473 9 NORTH AMERICAN COMPANIES Reuter TROPIC AN A Products Inc., the big Florida orange juice bottler, will find the US$49O million merger offer from Beatrice Foods Co. Irresistible. Troplcana, which has three times had unsuccessful merger talks with Kellogg Co., is likely to find the lure
      Reuter  -  473 words
    • Article
      Lock icon Impose rules call
      88 9 Reuter THE US semi-conductor Industry will be destroyed within 10 years unless the federal government Institutes and enforces freetrade rules for Japanesemade products, National Semi Conductor Corp president Charles. Sporck told analysts. Mr. Sporck expressed concern that "monopolistic Japanese companies will be as successful In dominating the
      Reuter  -  88 words
    • Article
      Lock icon Analysts lower Chrysler earnings estimate
      763 9 Reuter WALL Street analysts are revising substantially downwards their 1978 earnings estimates for Chrysler Corp. following the US$5O million fourth quarter loss reported by the No. 3 car maker last week. Some analysts also see the possibility of a cut In the quarterly dividend, now
      Reuter  -  763 words
    • Article
      Lock icon Saint-Gobain expects rise in turnover
      199 9 SaintGobain expects rise in turnover EUROPEAN COMPANIES Reuter PARIS: Salnt-Oobaln-Pont-A-Mousson SA expects sales of around 35 billion francs this year compared with 31.8 billion last year. Chairman Roger Martin said the Increased sales should allow 20 per cent higher Investments through self-financing. Research spending should rise to 477 million francs
      Reuter  -  199 words
    • Article
      Lock icon Deutsche Bank
      48 9 Reuter FRANKFURT: Deutsche Bank Ag said It applied for authorisation to establish a branch In New York. FA Deutsche Bank spokesman said the bank will retain its 20.1 per cent stake In European American Banking Corp, through which It channels most of Its present US business.
      Reuter  -  48 words
    • Article
      Lock icon Thyssen move to strengthen sales
      310 9 Reuter DUESSELDORF: Thyssen AO's turnover was weak in the first quarter of 1977-78, but the second quarter of the year to Sept So, should show an improvement, management board chairman Dieter Spethmann said. He said that the order Inflow stabilised in the October-December quarter and
      Reuter  -  310 words
    • Article
      Lock icon Rolls-Royce misses forward leap
      103 9 AP LONDON: Rolls-Royce Motors, the auto firm which produces some of the world's most expensive cars, turned in a profit of £11 million last year compared with £8.6 million the previous year. However its chairman lan Fraser described 1977 as a year of "only qualified success."
      AP  -  103 words
    • Article
      Lock icon ICI SHARE CAPITAL
      329 9 Reuter AFP LONDON: Stockholders In Imperial Chemical Industries Ltd will be asked to approve an increase In the amount by which the directors can raise the company's ordinary share capital. In the annual report the company said It should be continue tsrn the position to continue issuing
      Reuter; AFP  -  329 words
    • Article
      Lock icon United Nuclear Corp wins default suit
      208 9 Reuter UNITED Nuclear Corp said it won a default judgement in its 2 1/2 year-eld lawsuit against General Atomic Co, a partnership of Gulf Oil Corp and the Royal Dutch/Shell group, for fhilure to comply with discovery laws and the orders of the court.
      Reuter  -  208 words
    • Article
      Lock icon Gas firms become partners
      83 9 Reuter NORTH-WEST Alaskan Pipeline Co said it hat Joined United Energy Resources Inc's UnitedAlaska Fuels Corp subsidiary and subsidiaries of several major US natural gas companies in forming a partnership to own a 1,175km gas pipeline In Alaska. The Alaskan North-west Natural Oas Transporatlon Co partnership
      Reuter  -  83 words
    • Article
      Lock icon IBM extends French factory
      162 9 AFP MONTPELLIER, Southeast France: International Business Machines Is to construct a 15,000-square-metre building at the IBM Pomplgnane factory here. Yves Poupon, managing director of IBM-France's production division, said the extension would Increase the area needed to assemble and test the production of big computer system. It
      AFP  -  162 words
    • Article
      EIB coupon reduced
      55 9 THE 250 million mark 12year Eurobond for the European Investment Bank has been priced at 99* per cent and will carry 5)4 per cent coupon, a spokeaman for lead manager Deutsche Bank Af said The volume was raised from an original 200 million marks and the coupon
      55 words
    • Article
      Electrobras
      35 9 BRAZILIAN state power company Electrobras is nUsIM a UBS2OO million ioyear Eurodollar loan with a spread over London Interbank offered rates of 1% per J® 0 Manufacturers Hanover Ltd said as joint lead manager.
      35 words
    • Article
      Lockheed owes 1977 profit to hard work
      652 9 LOCKHEED Corporation announced net earnings of U5855.4 million for the year ended Dec 25, 1977, an increase from the 838.7 million reported for the previous year. Primary earnings per share of common stock were 83.71 in 1977 compared to 83.10 in 1970. On
      652 words
    • Article
      Lock icon Bethlehem Steel sees drop in steel imports
      298 9 Reuter BETHLEHEM BTEEL Corp., one of the hardesthit American steelmakers in the current industry downturn, predicted that steel shipments would reach 99 million tons this year. But chairman Lewis Foy told stock analysts that bad weather and the coal strike had reduced Bethlehem's
      Reuter  -  298 words
    • Article
      Another year for ATT
      136 9 AMERICAN Telephone and Telegraph Co chairman John Debutts said the gathering momentum In demand for communication services which characterised 1977 shows no sign of abating. However, he said. It would not be realistic to anticipate the same degree of acceleration will continue throughout the year. He
      136 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      815 9 The Royal Bank of Canada. Results for the year ended 0ct0ber31,1977. Condensed Statement of Assets and Liabilities as at October 31,1977 Assets Cash resources J Government and other securities Loans, including mortgages Bank premises Securities of and loans to corporations controlled by the bank Customers* liability under acceptances, guarantees and
      815 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      2195 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 bracket* in lot* of 1,000 unit* unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal
      2,195 words
    • Article
      Government bonds
      127 10 4 3/4% 1/5/79 (250.000) (100.808 100.955) 5 1/4% 15/10/79 (250.000) (101.308 101.455) 5 3/4% 1/6/78-80 250,000) (101.15B) 4 3/4% 15/9/80 (250,000) (99.808 100.00S) 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 V 4% T F 15/6/81-84
      127 words
    • Article
      Stock options
      68 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. Inchcape (June $1.90) (0.09B) Sime Darby (June $2.75) (0.728) (March $3.40) (0.358 0.388) Closing Tone:
      68 words
  • Article
    Unit trusts
    151 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price) for Mar IS) (Current pn ices) The Commerce.... 1.82 1.93 INCOME BOND 1.10 1.17 The Saving Fund 1.03 1.09xd S'pore Prog Fund 0.87 0.92 MARA BUMIPUTRA FUND S pore Security (Managers' prices for Mar IS) Fund 1 69 1.79 First
    151 words
  • Article
    In Kuala Lumpur
    1014 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number ol shares traded shown in brackets in lots of 1,000 >ratts unless otherwise specified. INDUSTRIALS AMM (1 SOB 1.708). Afinamet* (2.288 2 488). Aleem (2.738 2.758)
    1,014 words
  • Article
    STC delisted in KL
    392 10 THE Singapore Traction Company which vu once Singapore's biggest passenger transport operator, has been removed from the official list of the Kuala Lumpur Stock Exchange. And It now seems likely that company will face a similar fate In SlnsaDore although It Is not quite clear what
    392 words
  • Article
    SHARE INFORMATION SERVICE
    2428 10 itrc/ms High Low Company Last Sale +erGr's DW DhCw Gr's YH Net P/E Vel C666) Day High Law SECTION ONE INDUSTRIALS 165 266 124 262 88* 235 169 291 422 146 132 165 58 212 57* 155 144 182 350 91 Aetna Alcom Allied Choc Bata Ben
    2,428 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      167 10 WOLSEY HALL'S PROFESSIONAL and BUSINESS COURSES direct from FEDERAL PUBLICATIONS HOME STUDIES DIVISION I'ROF ESSIONAL EXAMINATION COURSES Institute of Administrative Management Institute of Bankers Institute of Chartered Secretaries and Administrators (Courses fo. the new 197b examination syllabus available soon) Institute of Statisticians BUSINESS COURSES An Introduction to Business Srudi Business
      167 words
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  • Article, Illustration
    Tin shares traded in minus territory
    703 11 SINGAPORE SELECTED ikam made modest livtaeei la moderate trading oa the Stock Exchange of Singapore yesterday. Ha shares ware especially weak with all the traded couflterf la this sector landing in minus territory. Blue chips were generally steady to firm with leader Sime Darby
    703 words
  • Article
    KLSE shares decline across a broad front
    482 11 A TURNAROUND in sentiment saw prices declining across a broad front at the Kuala Lumpur stock market yesterday. It was a contrast to Monday's strong rise in the prices of most traded counters. The falls were generally more than expected. However, market leader
    482 words
  • Article
    Pengkalen up despite ore cutback
    507 11 PENGKALEN, a British tin mlnlne company operating In Malaysia, has linked its current profit improvement to the sharply higher tin prices seen during the year. For despite a cutback In the amount of tin ore recovered from 3,649.5 plculs In 1975/76 to 3,448.77 plculs in
    507 words
  • COMPANY NEWS
    • Article
      Perlis looks to MSM to keep up results
      769 11  -  By MANO SABNANI JUDGING by the trends so far In the current year. Perils Plantations will have to depend heavily on the performance of its subsidiary, Malayan Sugar Manufacturing (MSM) to maintain the 22 Vi per cent dividend it paid in the
      769 words
    • Article
      William Jacks (M) to consolidate UK unit earnings
      508 11 WILLIAM Jacks (Malaya) announced a sharp fall of 72 per cent In operating profits. However, shareholders wIH be consoled by the expectation that group results for the current year will be enhanced by the consolidation of the earnings of newly acquired subsidiary,
      508 words
    • Article
      Gilani to use sale funds to settle liabilities
      333 11 GILANI Jute and Textile Mills, the long defunct Jute manufacturing concern, lntends to pay off its liabilities with funds from the sale of Its freehold land and factory building. It will then "consider how to operate the company In the future," it
      333 words
    • Article
      DIVIDENDS ANNOUNCED
      422 11 Cumat payment Ex Data Booka Cloee Data payable Total far the year Total for pre*ioua year Perlia Plaatatioaa Wllklnaon Ulu Bwut Talpiaf ConaoUdated Bnla Kwnpti AuatraJ Amal. 8.P. Textile Utd. Aabaatoa Cement Robiaaoa K.L. Keponc Berjaya Kawat Hum (M) Berhad Sel. Coconut Malayan Tin Kuala Stdloi Rub. Troaob
      422 words
    • Article
      SJA serves nine writs
      189 11 SOUTH Johore Amalgamated Holdings ha* served writs on nine defendants in connection with an action to set aside purported liability to a loan from a merchant bank. The nine defendants named are: Choh Yet, Roy Lim Meng Ah, Amos William Dawe, Mahking Hock, Dato Loy Hean
      189 words
    • Article
      Sanshiba sold by San Holdings
      164 11 SAN Holdings has sold its wholly-owned subsidiary, Sanshiba Electronics Bhd, to Melewar Holdings Sdn Bhd for a negotiated cash consideration of $2,361.40. This represents a price of 10 cents per share of the entire issued and paid-up capital of 23,614 shares of $1 each of
      164 words
    • LATEST RESULTS
      • Article
        BATU Lintang Rubber Co Bhd:
        41 11 Unaudited after tax profit Mil.ol million ($780,000) for the six months ended Dec 31. Earlier It announced an Interim dividend of five per cent (2.5) less tax payable April 17 to shareholders registered on April 6.
        41 words
    • Article, Illustration
      United Engineers (M) fined M$300,000
      397 11 UNITED Engineers (Malaysia) has to pay a M 5300,000 fine Imposed by the Kuala Lumpur sessions court for possessing 180 units of Rltespeed geared motors valued at $204,754. They were prohibited goods under the Customs Order 1975. UE (M) has informed the Kuala Lumpur Stock
      397 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      132 11 IDEAL FOR EXECUTIVE I*7S HOLD EN STATEBMAN DE VILLE SEDAN Metallic beige exterior <i matching leather-grained Interior. Luxurious carpeting. Radio cassette L factory air-con system. Automatic transmission, power window, power steering, power brakes It many other features. Company registered December 1975; chauffeur-driven and welt maintained. Only 41,000 kms. Enquiries to:
      132 words
    • Advertisement
      Page 11 Advertisements Column 2
      258 11 m The SGV Group Management Consulting Services Our client, a newly established Regional Development Bank in East Malaysia, invites applications for the following positions: CREDIT/ PROJECT LOAN OFFICER (ERS 140/78) The successful candidate will report directly to the General Manager. He will be responsible for analysing financial data and evaluating
      258 words
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  • Article
    Lock icon A sizeable sum of Bonn swap taken up
    837 12 U.S. KEEPS TOKYO POSTED Reuter THE US Federal Reserve Board has taken up about three-quarters of the US$2 billion (554.66 billion) to which it was entitled under its previous swap agreement with Germany. Bundesbank president Otmar Emminger said in Bonn. Senior US
    Reuter  -  837 words
  • Article
    Lock icon Two factors behind the revised budget deficit
    483 12 Reuter AP THE CARTER Administration told Congress that bad winter weather and major spending over-esti-mates had combined to force a US$B.B billion (5520.24 billion) downward revision in the projected Federal budget deficit for fiscal 1978. In addition, the Office of Management and Budget
    Reuter; AP  -  483 words
  • Article
    Customs clearance surplus at $4b
    523 12 JAPAN had a Customs clearance trade surplus of US$l.65 billion (Ss3.B billion) in February, after a January deficit of $320.83 million and a surplus of $604.21 million In February last year. February f.o.b. exports rose 26.8 per cent from a year before to $7.42 billion,
    523 words
  • IN PARLIAMENT YESTERDAY
    • Article
      Pledge on rice price
      113 12 THE Government is always looking Into other alternative sources of rice supply but is often confronted with the problem of Singaporeans' strong preference for Thai rice. Replying to Mr. Yeo Toon Chia (Ang Moh Kio), Mr. Goh Chok Tong, Senior Minister of State for Finance, said
      113 words
    • Article
      More makers of components
      248 12 THERE are more companies In Singapore manufacturing Individual electronic components than assembling the products, said Senior Minister of State for Finance, Goh Chok Tong, in Parliament yesterday. He was replying to Mr. Ng Kah Ting (Ponggol) who asked If the minister was aware that there are
      248 words
    • Article
      Housing rules relaxed further
      247 12 THE Government has relaxed further Its restrictions on purchases of houses by non-cltlzens. Applications for purchases of houses on land areas of not more than 1,400 sq. metres are now receiving favourable consideration. Previously they were not permitted to acquire landed residential properties. This was stated
      247 words
    • Article
      Noise induced deafness tops list
      140 12 THE largest number of Industrial disease cases recorded for the period January 1977 to February 1978 was nolse-lnduced deafness. This high number Is largely due to the continuing mobile audiometric screening carried out under the Hearing Conservation programmeMr. Fong Sip Chee, Senior Parliamentary Secretary to
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    • Article
      PUB is always ready to help
      119 12 MR. Llm Kim San, Minister for National Development, said the Public Utilities Board was always prepared to come to the aid of manufacturers and Industrialists provided the latter could in future Inform the Board of their requirements ahead of time. Replying to complaints that
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  • Article
    Lock icon Japanese team buys $4b worth of goods
    677 12 AP A TOP-LEVEL Japanese trade mission to the United States has ordered about $1.9 billion (554.37 billion) of goods from American producers In the last 10 days. Yosholzo Ikeda, president of the giant Mitsui Company and leader of the trade delegation, told a
    AP  -  677 words
  • Article
    EEC presses for action
    343 12 THE EEC Commission's director-general for external affairs Sir Roy Denman, arrived In Tokyo yesterday for talks on ways to reduce Japan's trade surplus with the Common Market. The EEC is seeking definite measures bv Jaoan to reduce Its surplus, which exceeded US$5 billion (5511.65 billion) last
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  • Article
    LONDON STOCKS
    777 12 LONDON, Tues. The market was moving ahead after the official close at 3.30 p.m. following the February trade figures Government bonds were in demand and rose up to H point before the trade data and the fairly active Interest continued afterwards. The long "Tap" stock. Exchequer 10* per
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      3 12 ,V-..\-rr>T:„.n,T, IS rt;
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      77 12 Meet the TOSHIBA 8D702A plain paper copier A^CO^^ALCOST kH A FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT HIRE PURCHASE OR RENTAL TERMS For further information, call Allan Tan 60 Orchard Road, Singapore 9 A Member of the Inchcape Group Telephone *****2 Uses plain paper Compact Easy
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    SHIPPING TIMES
    3767 13 SCHEDPLE 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 Consortiums ScanDntch has a Joint service
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      509 13 THE KIT MIO FASTEST MY TO THE USA IS MAERSK UNE SINGAPORE *****46 K.LUMPUR ***** PENANC *****1 P. KELANG *****0 SHIPPING S Seatrain Lines Inc. (U S A Trans-Pacific Service Full Container Service T FEEDER WL SPORE MOTHER VSL A VESSEL 23/3 VESSEL 26/3 SEATRAIN CONCORD V.4S LA GULF E/C
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      537 13 LOC SAGASIA PTE LTD LOUIS DREvFUS GROUP OF :OV>PAN'ES AGENTS FOR:OCEAN SHIPPING LINE REGULAR NON-CONFERENCE SERVICE FAR EAST TO PERSIAN GULF spore M OCEAN GIORV w M OCEAN ACE 20 M OCEAN DIAMOND 20 tone LOADING FOR KARACHI. MUSCAT. KUWAIT BASRAH. KHORtAMSHAHR KARACHI. MUSCAT. KUWAIT. BASRAH. KHORRAMSHAHR KARACHI. MUSCAT. KUWAIT.
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      152 13 NOTICE ANNOUNCEMENT New Liner Direct Service to Nigerio by MEDAFRICA LINE. We are pleased to announce that as of March 1 st 1978, we were appointed by UNITED STATES LINES INC/ MEDAFRICA LINE (Italy) as Sub-Agents in Singapore for the new monthly liner service between the Far East and Nigeria
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      22 13 n .LAND DRY/ REFRIGERATED CONTAINER SBMKE NEXT MIDDLE EAST VESSEL WORLD LION V I HTH FLOOR, HOM LEOM MM, It, RUFFLES QIMY
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      744 14 SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE EXPORTS Spar* PK«IMf H'borx l'k**w Man UHjn* Mto 24/3 26/3 14/4 16/4 17/4 Mat Mara 27/3 29/3 19/4 22/4 23/4 HMkwtEipm 5/4 7/4 2S/4 30/4 26/4 OmUI*T 13/4 15/4 5/5 1/5 9/5 Imm 19/4 21/4 11/5 13/5 14/5 Hmi leaf Ejonm 28/4 30/4 20/5
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      Page 14 Advertisements Column 2
      823 14 Z2 SANKYO line! AUSTRALIA SERVICE THREE STAR IN PORT SEABLOOM 19/20 Mir KYOSEIMARU N/31 Mar MAY SKY 31/31 Mar KYOTEN MARU 14/15 Apr SMfatcrv inii| ik; 25/21 Mar FREM. MEL. MEL, SYD 17/11 Mar IRK.SYD 1/2 Apr FREM. AOEL. MEL 1/2 Apr BRIS.SYD 18/17 Apr AOEL. MEL. STD BANGLADESH SERVICE
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      546 14 SEA jLANB U.S.A./ ASIA SERVICE DRY REFRIGERATED CONTAINER SERVICE SAILING EKRV VEONESOAY FOR WIS IN USA CANADA CAM MIAN JAPAN KOREA. TAIWAN HONC KMC. THAILAND AND PHILIPPINES VESSEL/VOYAGE PONCE V-320 RAPHAEL SEMMES V-936 PONCE V-321 GATEWAY CITY V-692 MID EAST SERVICE Vessel Arrives deoarts MAR 22/23 MM 29/29 AW 4/5
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      1011 14 u 1 Everett Lines Bwm Hm Star Sripp«| Carp*. "BURMESE NATIONAL LINE' r Mok,r TEPS MALAYSIA Kplong Tel (36J-7355 Penang Tsl *****/ ***** CompMM Arfrntiaa Of > ImwMlwi—Ui S. A. C.I. F. WJ "ARdENtINE NATIONAL LINE" ICMOUK FOR DURBAN. CAPETOWN BUENOS (IKS PATAGONIA ARGENTINA P fHty Petunt 0/» Mar 30/31
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      663 14 mu JARDINE —ANTAII I Orient Overseas Co*U&i*te4 Line FULLY CONTAINERISED SERVICE TO EUROK (VIA SUEZ) MEKATOR W It/] N HON* CONTAINER 9M Jl/3 ORIENTAL CHIEF 8* j/« SSEAS most 15N 15/4 ORIENTAL RESEABCHER IK 22/4 chevalier paul ion 28/4 nemune coral m 4/s NEPTUNE nun. Ml 14/5 Mi *enals all
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      1328 15 OCL Overseas Containers Limited r\ cMTtiffixaip service n aK/cwiHOT: UMt I [ffltii lUU lAT Hum MM KMC Eimil iitam mm UHU Hug CITT tf EOINOURCN 24 Mar 21 Mar 14 Apr 10 Apr 17 Mar is Mar It Apr n A»r I Mr Mt Iff I If 11 Mr U
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      1121 15 Ben Ocean Ajout aervxx of Ben Line BkieFbnnei GJen bne and NSMC tb n/cbntinent tn» tan) BENMNOR BENCIBACNAN S ngaaore t. blMf Ftranf Eurooe Sailed la M/ 15 Mar Still lif Bilbao. Amsterdam, H»»b« Dublin, Liverpool. 1/ 4 tar 11/19 Apr 11/H tar 11 May Bilbao, Amst, H burg. Cub
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      1077 15 BEN LINE CONTAINERS limited H RuRC B MAV(N tMM HAVRE SCTOM Sinpport P. Ralatif tt'mtry tellf>a kWU Fraact All U K Scaadiaati ■CHALKI 7* Mar X Mar MMr II Apr IT Apr (71 ApT) II Mr ■Mine MAM I? Mar 21 Mar II Apr II Apr 71 Apt 21 Apr
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      800 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Feeder Iroo P HHanj Vessel S port 1) Mseilles 7) Rdaat 3) Hburi 4) Gbur| 1) brciltu bM 2) taitifM, Aafwtrp, Le IM, li*m. toslt W 11 tr*M*. Irwiihm, Aarkas. CafnttfH, misiaAi 4) Mala*. Stackta 'tis* acceptiat C>r|«
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      525 15 GUTHRIE BOUSTEAD STs LMBS FN L ft 1 AFRICA ILinUN (Mauritius, Reunion. M'basa, Tangi. Oaira, Durban, t.t, PE.. CjKtMtij Ptfljflf P. kelant nil Mar S port 11/H I A VESSEL Mauritius, Reunion. Durban, (L, P.€.. Capetown} Pena«| P Relet* IR/a Apr S pat 11/12 rt*M un i sin wtci m
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      1060 16 "K" LINE KXHIA LTD. S*psrß 'P. Kalarg L Haws, Htwr( Brwws R*& MOCATM M II to 17 to 5 Apr I A* 7 Apr I A ■MM CMTMOI n It to 1 Apr 21 Apr 21 Apr W Apr 73 A MOT* WO m Apr II Apr 31 A«r 2
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      Page 16 Advertisements Column 2
      1233 16 E.C. ILSJL/ATUUmC/fiQLF SEWICE ACCEHU* rtt/LCL CUTMKB FtM SIK, P. SUMS. POUUK Laad.ag Mr: NORFOLK, NEW TNI. SH»*i P. biam Mi saw Nw| •VISNVA VIKIAM" (NRSA 20 SCI) 11/ I Apr 1/ H' 1/ I Apr 1/1 M: E.C./6REAT LAKES SERVICE L*Mi*| fm NORFOLK, NEW TOM, MONTREAL. TORONTO. ASNTAOULA. BETIOIT. CHICAGO.
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      1057 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: (m mxr ME It ATM' II Mar HONGKONG CONTAINER 31 Mar OIItNTAL CHIEF Apr SEVEN SEAS Ml ICE 15 Apr ORIENTAL RESEARCHER 21 Apr CHEVALIER PAW. Apr NEPTPNE CORAL 4 May t MEICATOt S pan Cton li 'Ail nsstii call U lar* art
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      662 16 l 4AL Ay S'A" INTCKNATIONAI SHIPPING CO*PO*ATKM BeftHAD m. a *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tg. Maw BUNCA Willi a Mar 4/ t Apr BIINCA BMIB BIINCA MEIBI 111 MCA SEKBJA ■UNCI TANJONC 11/ IS Mir Keianc P*«M( JiU| tan nm Mar 10/
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      752 16 INTRASEA (PTE) LTD NORASIAUNE RfMUR IMEPENBENT SERVICE T0 EBRtPE S'pore P. Kelang Penang LtadMg Fw- M.V. FINIX 23 Mar II Mar A'werp/R"dam/H'burg. -■.V. AESIS BALTIC 13 Apr I Apr 17 Apr S'ton/R'tfam/irburt/ M.V. 1* VIIAY ..2S Apr 71 Apr A werp/R'dam/H'burg. Acctpt«f THwfk I't/l tar aaiar M ASMtt UdNn INTBASEA
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