The Business Times, 16 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 THURSDAY, MARCH 16, 1978 50 CENTS
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  • BRIEFLY...
    • Article
      Lock icon Marks and sparks
      77 1 Reuter LONDON, Wed. The Islamic Council of Europe has protested to the Marks and Spencer store chain that a line of men's underwear marketed by them Is offensive to Muslims. The design, in Kufic script, Is a part of the principal Islamic tenet: There is no God
      Reuter  -  77 words
    • Article
      Lock icon Ticket to nowhere
      85 1 AP GENEVA, Wed. A university degree is fast becoming "a ticket to nowhere", an International Labour organisation report said today. No longer is it a guarantee to the good life and a prosperous career, as Job dissatisfaction and long periods of unemployment face thousands of university graduates
      AP  -  85 words
    • Article
      Lock icon Fake shares
      63 1 Reuter BANGKOK, Wed. A Hongkong Chinese businessman has been arrested on charges of forging shares in Asia Fibre worth more than US$l5O,OOO (*****,500), an official of the Securities Exchange of Thailand (SET) said today. Liang Kim Hze, who runs an import-export firm in Bangkok, denied the charges, stating
      Reuter  -  63 words
    • Article
      Lock icon Power to bypass
      51 1 AFP JAKARTA, Wed. The armed forces faction In the Indonesian Congress today called for an extension of President Suharto's present emergency powers which enables him to bypass the laws and grant him the authority to take necessary measures to ensure the success of the government's development efforts.
      AFP  -  51 words
    • Article
      Raw cotton venture
      45 1 THE Soviet trade representative in Singapore is working with Intraco on a possible Joint-venture company to trade in raw cotton. Another joint venture for processing and cutting Soviet semiprecious stones is also under consideration, the Soviet representative. Mr. Dockuchav, disclosed this yesterday.
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    • Article
      Lock icon Oil price stand
      36 1 Reuter JAKARTA, Wed. Indonesia supports in principle the Idea of adjusting the price of crude oil to the decline in value of the US dollar, Mining Minister Mohammad Sadli said here today. Reuter.
      Reuter  -  36 words
    • Article
      Lock icon Mail pact
      47 1 UPI HONGKONG, Wed. Hongkong and Singapore today signed an agreement to provide "fast and reliable door-to-door (mail) collection and delivery service." The agreement, effective April 1, was signed by Mr. Lim Kay Yeek Singapore's postmaster general and Mr. D.J.K. Bamford, postmater general of Hongkong. UPI.
      UPI  -  47 words
    • Article
      Lock icon Dow Jones
      77 1 UPI NEW YORK, Wed. Tne stock market, hopeful of a settlement of the 100-day-old coal strike but disturbed by Israel's attack on guerilla bases In Lebanon, was mixed early today. The Dow Jones industrial average, which rallied to gain 2.60 points yesterday, was off 3.46 points to 759.10
      UPI  -  77 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      132 1 Rises Most active Rosy Elect A Enterprise* 208 275 +37 +23 S. Darby F. Merlin 741,000 138,000 K«nuyu 198 +22 API 129 000 C Sugar* Malak off 285 232 13 13 Cons Plant 115,000 It land ft Pen 242 +8 Total Turnover: 2 .90 m Malayawata Alcom
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    • Article, Illustration
      In Kuala Lumpur
      165 1 Rises Most octive Kramat Castle field C. Sugars Malayawata Temerloh Malex Kemayan Malakoff Rlvervlew Utd. Mai 5.00 8 00 2.91 2.11 2.70 3.46 2.03 2 32 1.70 3.32 .20 .20 .15 .13 .10 +.10 .07 +.07 .06 .00 S. Darby 600.000 C. Sugars 331.000 Cons Plant 125,000
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  • Article
    Need to extend export credits
    932 1  -  MILITARY VESSELS IN DEMAND By TERESA LIM MILITARY vessels have tremendous export potential for Singapore, provided shipyards here can overcome the problem of credit financing. Announcing Vosper Singapore's 1977 financial results, Mr. Robert Du Cane, the shipyard's managing director, said that the Introduction on a
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  • Article
    Strong demand for CDs
    228 1 THE US$2O million <8546 million) floating rate A&ian dollar negotiable certificates of deposit Issue by the Mitsubishi Bank Singapore branch is twice oversubscribed. Mr. K. Nagal, general manager of Mitsubishi's local branch, yesterday described the response to the issue as "enthusiastic and strong". He added that
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  • Article
    Political will a must to check trade curbs
    691 1  -  By RONNIE LIM SOLUTIONS to mass unemployment and underemployment In the Asian and Pacific region can work only if governments speak out against protectionism and seek a greater flow of Investment and transfer of technology. Addressing delegates to the Seventh Conference of
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  • Article
    Lock icon Big leap in China's world trade
    91 1 Reuter CHINA'S world trade last year reached U5514.29 billion (Ss33 billion), the second highest after *14.575 billion In 1975, according to a survey released yesterday by the semi-official Japan External Trade Organisation (Jetro). Last year's figure was 7.8 per cent higher than I97fl's and
    Reuter  -  91 words
  • Article
    New note soon by Asean group to tap petro-$
    312 1 A LEADING Asean banking and investment group expects within the next three months to launch a new borrowing instrument which will eventually bridge the gap between Asean borrowers and lenders in West Asia. These instruments will match the varying requirements of
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  • Article
    Lock icon Tokyo cuts bank rate to spur the economy
    589 1 Reuter JAPAN yesterday slashed official bank rate and put a new squeeze on inflows of "hot" money from abroad with the aim of bolstering the sluggish domestic economy and halting the surge In the yen's value. Bank of Japan Governor, 'Telichiro Morlnaga
    Reuter  -  589 words
  • Page 1 Advertisements
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      2 1 AKAI IL
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    • Advertisement
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      145 1 r n LATEST ISSUE The latest issue of the ASEAN Business Quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of economic motivation among 80% of the ASEAN population. The latter explores the British,
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    • Advertisement
      Page 1 Advertisements Column 3
      82 1 MILS SHIPPING TIMES THE ideal supply base for PEOPLE in business 2 SBT system fives hope to local yards 5 PRODUCT performance that's hard to match 7 FORUM: Focus on a burgeoning industry 7 GOODWOOD Group's main line springs a surprise ROXY Electric reverses setback PERAK Carbide sinks deeper RECEPTION
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      Page 1 Advertisements Column 4
      383 1 t rry| nm, Mairi 380/360C0 lIWMWt PftlVATt LMMTtO L*» P O loi 50 T« a0»1l 1 M3M7 THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books thai had to bum. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind: the
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      2 1 SEE PAGE
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  • TRADE AND INDUSTRY
    • Article
      MEMO PAD
      162 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS March 17 Maintenance Hyatt IREE concepts applicable to Singapore Mar 21-23 Limit State CP 110 Sea view Compa Design* International Mar 27-29 Prestressed Concrete Seavlew Compa Design International Mar 27-28 Costing and Financial Hilton Price Waterhouse Analysis for Marketing Managers Mar
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    • Article
      PEOPLED BUSINESS
      180 2 THE chairman of the Presko Group of Public Relations Companies, Mr. Eako K. Pajaaalmi, has been elected the 1978-79 president of the Pan Pacific Public Relations Federation (PPPRF). Presko has offices in Singapore, Thailand, Hongkong, Malaysia and Indonesia. As head of the PPPRF, a regional association of national
      180 words
    • Article
      Choice area to supply Asean
      516 2 MANUFACTURERS of building and construction materials can use Singapore as a supply base for Asean, one of the fastest growing areas in the world today. In Malaysia and Indonesia, for example, there is a great demand for industrial buildings, housing and new roads. This is
      516 words
    • Article, Illustration
      Cut-away for JVI
      55 2 ASEA Singapore Ltd has presented an electrical model for special educational purpose* to the Jurong Vocational Institute. The 15 hp. slip-ring cut-away model was presented by managing director Jan Sundberg to the institute's principal, Chiang Cheng Boon. Mr. Sundberg (left) is showing Mr. Chiang the mechanics of
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    • Article
      Off to the boat show in Tokyo...
      113 2 A FOUR-MAN team of local pleasure boat builders left yesterday to take part la the 17th Tokyo International Boat Show from March 17 to 21. Among the participant*, are American Marine and Gay Song Boat Builder which has been building boats for over
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    • Article
      Fishing at this meeting
      83 2 COUNTRIES which have declared exclusive economic and fishing zones will have an opportunity to gather information about coastal protection at the International Symposium on Coastal and Fisheries Protection in Sydney from June 21 to 24. The conference is being organised by Hawker de Havllland Australia and
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    • Article
      S'pore Fair '78 at WTC
      61 2 THE Singapore Manufacturers' Association will be promoting locally made products at Singapore Fair •78 from Oct 6 to 15. The fair will take up about 6,000 square metres of exhibition space at the World Trade Centre. Visitors will be able to see a wide range
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    • Article
      Now Britain zeroes in on HK markets
      596 2 BRITAIN, which pushed for Common Market restrictions on Hongkong's allimportant textile industry, has now launched a big sales drive in its last major colony. Hongkong is among the world's top 20 trading nations and industrialists "back home" have woken up to the opportunities
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    • Article
      Rubber output up in December
      164 2 PENINSULAR Malaysian rubber production last December rose to 161,000 tonnes from a revised 134,372 tonnes In November and 151,004 tonnes in December, 1976, Statistic Department figures show. Output for 1977 reached 1.53 million tonnes compared with 1.56 million in 1976. Exports in December also Increased
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    • Article
      Seoul imports to put the brakes on inflation
      618 2 SOUTH Korea can solve Its Inflation problem if it manages to boost selected Imports as planned. Expressing this confidence, the Economic Planning Board director, Kim Jae-lk said inflation, currently tne worst headache of economic planners in South Korea, was caused last year
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    • Article
      The whirr of cash
      137 2 VICTOR, the American manufacturer of business machines for the retail trade, will be introducing its latest range of electronic cash registers (ERC) to Singapore and the region, once a local distributor has been appointed. Mr. Herman Meeth, director, International service and marketing, said the company has
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    • Article
      Service with a smile
      81 2 THE Marco Polo Is holding a three-month-long courtesy campaign from April 1, In conjunction with the National Courtesy Campaign organised by the Singapore Hotels and Restaurants Association, on behalf of the Singapore Tourist Promotion Board. Heads of departments will nominate an employee from each section of
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    • Article
      Seminar on processing better food
      78 2 A QUALITY control seminar for food processors organised by the National Productivity Board will be held on March 27, at Hotel Equatorial. The seminar will be led by two Japanese experts, Professor Shin Mlura and Professor Kageyu Noro. They will lecture on statistical quality control
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      325 2 Slow boat from tait r®" >r Y \^x~ fflssff CHINA TRADE QUARTERLY Far East Publications nr 1913, Hanglung Centre, Paterson Street, Causeway Bay, Hong Kong. Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. r~jPlease forward issue!s)
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      618 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Wildly chants a little song (6) 7 Men's dance at uncle's (8) .5 Animals to rest, possibly (8) 10 They infect the old man and some kids (5) 13 Shoo out of the square? (4) 14 She did (4) 15 Educational content of many
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  • OVERSEAS
    • Article
      Lock icon Changes sought in Lome pact
      483 3 Reuter THE 53 developing countries linked to the European Common Market by the Lome Convention served notice on Tuesday they will demand a bigger role in making decisions when the trade and aid pact comes up for re-negotiation in July. Mr. p.j. Patterson, Jamaican Foreign
      Reuter  -  483 words
    • Article
      Lock icon African plea on oil hunt
      236 3 Reuter SENIOR executives from African oil companies have urged their governments to speed up plans for a regional body that would coordinate the prospecting and refining of their petroleum resources. The executives made the appeal at a United Nations symposium in Vienna discussing the development
      Reuter  -  236 words
    • Article
      Lock icon Edible oil needs
      232 3 Reuter THE US International Trade Commission forecast that consumption and Imports of palm oil during 1977 to 1979 will Increase slightly, while those of palm kernel oil and coconut oil will fall short of the 1976level. In a study of US Imports of palm, palm kernel, coconut
      Reuter  -  232 words
    • Article
      Lock icon IMF to extend Turkey a lifeline
      179 3 AP TURKEY and the International Monetary Fund are expected to sign an agreement shortly under which Turkey will receive a Critical foreign exchange loan in return for economic stabilisation measures, sources said on Tuesday. The sources said Turkey hopes for a US$lBO-milllon (Ss4l4 million)
      AP  -  179 words
    • Article
      Lock icon German papers paralysed by lockouts
      199 3 AP WEST GERMANY Is facing Its worst labour trouble In years as employers' lockouts of printers paralysed most newspapers on the eve of a planned strike by 83,000 metal workers in the state of Baden-Wuerttemberg. The German Newspaper Publishers Association on Tuesday ordered all printers
      AP  -  199 words
    • Article
      Lock icon PRIME SEEN TO PEAK
      82 3 Reuter US ECONOMIST Alan Greenspan said he expects the US prime rate, currently 8 per cent, to peak above 9 per cent by mid-1979. Federal borrowing will also be "very large" next year, he said. The New York Federal Reserve Bank has reported that bankers' dollar
      Reuter  -  82 words
    • WORLD IN BRIEF
      • Article
        Lock icon PULLING OUT OF THE RED
        506 3 Agencies ITALY'S largest trade union group, the communistdominated COIL, decided to pull out of the Praguebased World Federation of Trade Unions. Aldo Bonaclnl, a member of the COIL'S secretariat for international union affairs, told the federation's general council that Its membership Is no longer compatible
        Agencies  -  506 words
    • Article
      Lock icon Light at end of the shaft
      221 3 UPI A NEW tentative contract agreement worked out on the 99th day of America's longest coal strike has a good chance of winning approval from the 160,000 striking miners, according to both union and management sources. The agreement, announced on Tuesday afternoon, has to
      UPI  -  221 words
    • Article
      Lock icon Inflation may spurt
      599 3 CARTER URGED TO ACT Reuter AP IN A MEMO to President Carter, Mr. Barry Bosworth, director of Council on Wage and Price Stability, said he expects substantial increases In consumer prices over the coming months. He said the US should mount a tougher antllnflatlon programme. Including a
      Reuter; AP  -  599 words
  • Page 3 Advertisements
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      180 3 Now you can Buy or Rent the best. The ankX rank XIMA v v>- V I J'V Now Rank Xerox does it both ways. Rental of the I world s finest copiers or outright purchase. Whichever is the best for your business. What's the Difference k None. Because Rank Xerox
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      467 4 THE Singapore market closed inactive yesterday with April One RSS buyers quoted at 205.25 cents per kilo, down 0.50 cent on Tuesday night's close. The market hovered Just above lunch time levels in very thin afternoon trading due to lack of interest. Volume was small.
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    • Article
      RAS PRICES
      359 4 Prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R S.S prompt f.o.b. Int 1 R.S.S April Int 1 R.S.S. May Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int 5 R S.S UK/Cont Buyers 204.25 205 25 205
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      SSR AND SMR
      109 4 NOON SSR and SMR prices yesterday: HAS SSR 20 SSR 50 (1-ton Pallets) (1 -ton Pallets) April (Current Mth) Buyer. Seller* (cento per kg) 195 00 197.00N 193 00 195.00N May (Forward Mth) Buyer* Sellers (cent* per k«) 196 00 198.00N 194.00 196.00N M.R.E.I..B. SMR5CV SMR 5L
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      Closing prices
      29 4 Rubber: March 15: Singapore: April 206.25 cents (wn 0.50 mt) Malaysia: April 208.00 cents (down 1.00 cent) Tin: 11,580 (nek) Official offering: 251 tonne* (down 30 tonnes)
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      Rice
      285 4 BANGKOK rice prices were as follows yesterday: US dollars per tonne fob basis Bangkok: Whit* Rice: 100 pet Ist class 422. 100 pet 2nd class 407.100 pet 3rd class 402. 5 pet 393. 10 pet 380, 15 pet 375. 20 pet 370. 25 pet 382. 35 pet unq Broken:
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      Produce exchange
      362 4 ALL pricei held steady in lackliuftre trading at the Singapore produce market yestettfay. Coffee dealers were reported to be offering prices slightly higher than that quoted by the Singapore Chinese Produce Exchange and were still able to make sales to West European trailers. There was some reaction to
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    • Article
      Sugar
      256 4 FUTURES in London yesterday opened 13.25 to £2.75 above Tuesday's afternoon closing levels. The market opened steady on some followthrough trade buying and short-covering from Tuesdays late advance. However, there was again no fresh news and dealers still considered the trend a technical rally after the long decline. The
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      Coffee
      224 4 ROBUSTA futures In London yesterday closed the morning officially "slightly easier" but still 115 to £2 up from the previous close after opening £19 higher to unchanged. Values eased back from the sessions highs on local dealer selling and Jobber profit-taking after chart support had lifted May upto a
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    • Article
      Palm oil
      65 4 C.I.F. US dollars per ton. LONDON Malaysian 5% ffa bulk May Sumatra 5% ffa bulk March April May June June/July August Tanfey 810 sir 590 P<1 I 823 pd •io po 590 pd 585/590 pd 5M air Pinhi MO air 500 Dd MMpd 030 dr 570/573 570 pd
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      Straits tin
      196 4 THE Straits tin price In Penang stood unchanged at MSI,500. Although there was a further recovery In London, the market only held steady with consumer demand slow In quiet conditions. Turnover dropped to 251 tonnes from Its overnight 281 tonnes, with no rationing reported. In LONDON yesterday, tin
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    • Article
      Lead
      95 4 LEAD in London yesterday morning rose by £5 per tonne an round. Profit-taking pared gains near the close although further covering took values back to around the high on the kerb. Sales were 4,000 tonnes. On Tuesday, the market was well maintained during the afternoon on covering which some
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      Cocoa
      252 4 TERMINAL cocoa In London yesterday finished the morning near the session's lows with on balance losses of £87 to £30.50 per tonne. Spot March showed the large* decline, but more as a differentials readjustment, traders MM. Tprnf said, however, the posting of a further 26 original tenders*— 21 Nigerian
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      Hongkong comex
      193 4 THE sugar market closed firmer in dull and featureless trading, with six lots traded against 15 on Tuesday. Traders were reluctant to enter the market due mainly to wide spreads between bids and offers, and were awaiting a fresh lead from New York market. Prices were 0.32 to
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      SPOT PRICES
      181 4 VARN and cow on in Honckona dollars, spot ex^uown: Cattaa Vara: cßia Blue Phoenix 20 s 1.730 32 s 2.000 40'1 2.180 (per bale of 400 lbs) Ftace Gmtit: China Butterfly and Olobe brand unq, Dragon Head una. Five Lamba una, Flower and Butterfly unq. Flyinf Geese unq.
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      Soybean
      204 4 AT THE close In Chicago on Tuesday, prices ranged mostly 1/4 to three cents a bushel lower, although September lost nine cents. July and August added 41/2. During the session, the market traded in a 40-cent price range. A drop In silver futures and talk of a coal sttlke
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      Wheat
      127 4 WHEAT futures in Chicago on Tuesday recovered small early losses jind moved upward for gains of 2Vfc to V» cents a bushel around midsession. Prices eased initially as commercial selling and weakness m soybean futures prompted speculative selling in a light trade. When selling pressure diminished and soybeans stabilised
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      Copper
      302 4 COPPER wlrebars in London yesterday finished the morning with all-round fains of £12 per tonne. Prices were sharply higher at the outset of the pre-market on short-' covering, fresh buying and some stoploss support prompted by the tone at New York and latest developments in the Middle East, dealers
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      Silver
      215 4 SILVER in London yesterday morning fell 3.1 to 3.2 pence per troy ounce. The lower levels reflected overnight declines at New York and lower gold, dealers said. Prices fluctuated narrowly throughout the morning in quiet dealings with carries boosting ring turnover to 50 lots. On Tuesday, sliver on the
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      Zinc
      115 4 ZINC in London yesterday rose by 15.25 for cash and £4.75 for Three Months. This metal was also given impetus by the trend in copper and lead, with shortcovering, chart and stoploss buying taking Three Months steadily higher and producing scale up business to 1270 per tonne on the
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      Gold
      412 4 THE kolobar In Singapore opened at S$ 13,857 and cloeed at $13,923 In London, the metal opened at USSIBS.OO/ 30 and closed at $185.85/ 186.15. The London morning fix was US$lB6 75, down $1.30 from the previous. Source: Singmu. Retail prices per tael Suoted by the Singapore hlnese Oold
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    • MONEY AND EXCHANGES
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        Singapore market
        444 4 THE foreign exchange market in Singapore yesterday continued to reflect general uncertainty over the US dollar. Against the yen, the US unit opened at the 233.75 level, rose briefly to 234 in the later afternoon, but fell back to the 233 level In the evening. Against the local
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        Minimum lending rates
        62 4 HIE AVERAGE prime rite of banks in Singapore stands •round 7 par Mat, with the rtnge running betweeu CV 4 pm out sad 7V« per cent. Orareea-Chineee Banking Corporation is at the lower sf raatt while a bumber of banks, including Citibank and Development Bank of Singapore.
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        Asian $ rates
        148 4 Asian rates ASIAN currency dvpotft Interbank rata* u at ctoae on Mar IS 2 H lar(8pa«) BU 7dayi 1 mth 2 mth* 3 mths mth* 9 mth* 12 mths ...i ...an/ia ...7 71/8 .,.7 9/16 ...711/16 ...713/16 6 7/a 6 9/16 a 7/a 7 77/ia 79/19 711/18 9m. Ph. Da*.
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        Discount
        2 4 Source:
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        Euro $ rates
        62 4 Euro rates LONDON Eurodollar deposits opening rates on Mar 19. Overnight 6-15/16, 6-13/16 Ttiurm/ Frl 20. 19-7/8 Weekend 2-5/8. 2-1/2 Seven days rix 6-13/16, 5-11/16 Seven days notice 7. 8-7/8 One rath 6-11/16, 88/16 Two mths 7. 6-7/8 Three mths 7-3/18, 7-1/16 Four mths 7-6/16, 7-3/16 Five mths 7-7/16, 7-5/16
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        Australia/NZ
        50 4 AUSTRALIA NT exchanges quotas on Mar 19. AUSTRALIA U8 dollar 1 1388/1 1340 Sterling 0.8011/0.5836 h* 11 US dollars 1 1888 Ninety-day forward buying rata*: Sterling 0 5928 US dollar 1.1371 NEW ZEALAND Sterling 6.5366/0.9336 US dollar 1 0900/1 0800 a£8 f? i iV mtbu,tn tm US dollar 1.0686
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        Zurich
        54 4 ZURICH exchanges doatng quotes on US l.»fl«-9480 Sterling 3 7154-7306 Can 1 7368-7336 O MX 96.1904-3312 DFL 88 8820-88 IMS F FR 41 1144-1914 B FR 6.1194-1206 D KR 94.9758-8306 N KR 36.3838-4148 S KR 42.0653-1121 Ut 9 23*6-2399 Aus sch 13 1911-2191 Port 4.7282-7794 8paln 2 4883-4338 Arg
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        Frankfurt
        45 4 FRANKFRUT exchanges opening quotes on Mar 15 US 2 0625/45 Can 1 8336/65 Sterling 3.825/936 D F1 93.90/80 8 FT 106.00/39 Ut 2 39/40 F FT 43 15/40 N Kr 38 35/45 B Ft (coil) 6 435/445 B Ft (fin) 6 42/44 Yen 0.8790/8906
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        London
        266 4 YESTERDAY S dollar held on to some of its early gains against leading currencies In opening trading. Trading was relatively quiet with a nervous undertone. The yen weakened against the dollar to an early 234.80/ 235.00 from 232.85/ 233.05 overnight here, in response to the Japanese bank rate cut
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        Tokyo
        173 4 THE US dollar for overnight delivery closed at 234.50 yen yesterday, compared with a 233.70 opening and a post-war record low of 233.00 on Tuesday. The US unit rose on Import and dollar covering by foreign banks following local press reports that a cut in the official discount rate
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        Hongkong
        119 4 THE yen closed weaker against the dollar finishing at 234.70/90 compared with New York's closing 233.10/35 after the Bank of Japan announced a cut In discount rate to 3.5 per cent from 4.25. The bank rate reduction coupled with measures to curb inflow of dollars saw hectic trading here
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        New York
        141 4 TUESDAY'S dollar, benefitting from news of a negotiated settlement to the coal strike, closed firmer against major currencies. Dealers said trading was quiet although the pace picked up toward the close as the dollar became generally bid. New York Federal Reserve Bank appeared to be actively intervening most
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        Treasury bills
        39 4 THE MONETARY Authority of Singapore Invites banks and discount houses to tender for a total of Ss2s million 91-day Treasury Bills to be Issued from March 20 to 23. Each tender must not be less than $250,000.
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        Eurobonds
        241 4 Straights BU Offer FFI8tg9*87 97.25 98 00 Courlaulda stg 89 95.50 96.25 EIB stg 9*> 92 97.25 98.00 Flaonsstg 10*87 100.25 101 00 97.00 97.80 Inco8*84 96 87 97.37 Sparbankernas8*SS 97.25 88 25 Shell 8 90 99.75 97.25 98.50 69.50 98.86 96.00 EIB 9* 93 96.00 97.00 BCSC8*» 97.75
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  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      160 4 COLLECTING Oriental Anticnej by Judith Moorhouse and Dries Blitz ra x Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated
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  • TRANSPORT
    • Article
      Lock icon Filipinos given more time to take up loan
      321 5 Reuter AFP THE WEST German firm, Kloeckner INA, has agreed to extend to May a US$BO million (SSIB4 million) credit offer for the improvement of Filipino shipbuilding and shipping industries due to have expired last month, the Philippines' state-owned National Development Company
      Reuter; AFP  -  321 words
    • Article
      SBT system buoys up hope of yards
      784 5  -  By TERESA LIM SEGREGATED ballast tankers (SBT) hold out hope for more business for repair yards. Singapore yards, however, will have to wait for positive developments for the future of the SBT system still hangs very much in the balance. The SBT system
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      ON-LINE SERVICE
      84 5 SINGAPORE Airlines (SIA) will offer computerised reservation service to its passengers and travel agents In the Gulf area when its Bahrain office goes on-line with Krlscom from March 30. SIA will then be the only Asian carrier In the Gulf area offering such a facility. The Kriscom system
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      FAR EAST FREIGHTS
      878 5 PRESENT RATES for nonliner trades are very much subject to the forces of supply and demand. Cargo Available 10,000 tons bagged salt Aden/ Mombasa or Dar. Laycan March 22 to 30 load/ discharge 750/ 750. Freight US$lO.OO FIOS. Shualba/ Calcutta March. FIS/ liner out (cargo to Nepal)
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      713 5 ARRIVALS Service Local Operator Number Time From MAS MH682 0825 KCH SIA SQ101 0900 KUL MAS MH621 0900 PEN MAS MH607 0900 KUL PAL PR501 1005 MNL GIA GA980 1030 HLP MAS MH605 1030 KUL CPA CX710 1035 HLP SIA SQ103 1045 KUL SIA SQ209 1045 HLP
      713 words
    • Article
      LONDON FREIGHT
      193 5 EXPANDED time-charter trading on Tuesday coupled with an Increase In the number of grain movements from the United States Injected a good deal of life into the chartering market. British Steel booked a 22,3128-dwt loader for three to five months' trading after prompt delivery at Glasgow at 3,625
      193 words
    • Article
      Lock icon Pan Am confident of flights over Vietnam
      195 5 UPI A PAN AMERICAN World Airways executive. just returned from negotiation* in in Baafktk he was confident the US airline would be flying over Laoe and Vietnam in the near foture. John Krimaky, Pan Am's vice preeident for federal affairs in Waahington, held
      UPI  -  195 words
    • Article
      Lock icon Air clerks strike
      84 5 Reuter A STRIKE by 1, 200 clerical workers on Tuesday disrupted flights by Aer Lingua, Ireland's airline, at the start of one of Its busiest periods. Thousands of Irish people have booked to travel on or near St. Patrick's day tomorrow, which Is Ireland's National Day. The
      Reuter  -  84 words
    • Article
      Lock icon Britain yields to US on air fare row
      508 5 NYT BRITAIN has yielded in Its dispute with the United States over low transAtlantic air fares, sources close to the Washington negotiations said. All signs are that bargain tickets will soon be available on most major scheduled routes between the US and
      NYT  -  508 words
    • Article, Illustration
      SHIPS IN PORT
      486 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Anyl (hauls 13m West after Yamanashl Maru hauls) 13/14 Cherry Vllja (B. Barge) (2300 after Ocean Supply) 48 Hugheverett (1900 after Fernandoeverett) 18 Kal Maru (JNBM) (0700 after Scotland Maru) 47 Martha Bakke (0600 after Loon Sheng hauls) 38/39 Nedlloyd Adelaide (0000
      486 words
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      Page 5 Advertisements Column 1
      287 5 1 II BUSINESS TIMES: Special Feature on Travel "A Businessman's Holiday With a difference" April, the time of year when people are either travelling or planning their annual holidays. Because they are frequent travellers, businessmen are becoming increasingly selective when it comes to i| choosing a destination. To assist them
      287 words
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  • Article
    Barriers make nonsense of aid
    411 6 THE LABOUR Minister's remarks at the Wellington meeting included one compelling observation on protectionism when he said that developed countries need both vision and political will to resist the temptation to raise trade barriers. That is absolutely true. But quite apart from vision and political
    411 words
  • Article
    Discount cut born of desperation
    316 6 JAPAN'S decision to slash its official discount rate from today is a move clearly born of desperation, with a little midwifery help, no doubt, from the United States administration. But, for whatever reasons It has been done, it could nevertheless prove to be the most
    316 words
  • Article, Illustration
    Lock icon Daddys cars seem to go wrong most of the time...
    2194 6  -  By REGINALD STUART NYT DURING 1977, the American car industry recalled more cars than it sold. Some 10.4 million passenger cars of various model years were recalled, 9.3 million new cars were sold. Those stark figures suggest the magnitude of
    NYT  -  2,194 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      575 6 585 Orchard Road, S'pore I. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: 433W1 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
      575 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      63 6 WE A THER outlook for Singapore from 6 am to noon today: No rain. REPORT for 24 hours prior to 7.30 pm on March 15 at the airport. Maximum Temperature 32.4° C Associated Humidity 64 Minimum Temperature 23.5° C Associated Humidity 98 Hours of Sunshine 5.30 Rainfall in Millimetres nil
      63 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      288 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies The Thanksgiving Spirit (Repeat) 0 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin with English subtitles (Repeat) A Mandarin drama serial 4.20 Intermission 6.00 Opening announcements followed by Lassie The Homeless 6.30 News in Brief 0
      288 words
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  • Article, Illustration
    ...but Junior's cars are doing better and better
    986 7  -  By PETER CHIA MINIATURE cars are no miniature business, that's for sure. "Matchbox" cars last year fetched over $250 million in sales to 130 countries and created Jobs for 6,500 people. In Its 30-year history, the Btltlsh Matchbox manufacturer, Lesney Products, b&s.
    986 words
  • Article, Illustration
    STRAWS IN THE WIND
    729 7 BpUBTFUL compliment to the late J. Edgar Hoover from the staff magazine of a company In northern Britain: "Although J. Edgar Hoover was always prepared to take a oakulated risk In his position as chief of the FBI, It Is stfld that he never ate any
    729 words
  • Article, Illustration
    Lock icon A peep at Jimmy Carter's agenda
    535 7  -  By RUSSELL BAKER NYT GOOD MORNING, President Carter. Here Is your agenda for the day: 6-6.30 a.m. Calisthenics, shave, breakfast, make bed. 6.30-7 a.m. Settle coal strike. Brush teeth. Put breakfast dishes In sink. 7-7.30 a.m. Wake Rosalynn. Settle farmers' strike. Send out laundry.
    NYT  -  535 words
  • Article
    On the way to success
    1083 7  -  FOBPMi 1 industry Jj ■r. FRANCOISE DUMOUSSAUD THE PAST few years have seen the emergence of a new (Industry in Singapore's manufacturing sector; still small and in search of new products and markets, the photographic and optical sector is growing rapidly. Sales of photographic and
    1,083 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      305 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA 15 Claymore Drive, Singapore
      305 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      52 7 BllStOW: Frank Dickens old DimKtNS otost Be oFfVj\S fcocxeK. RUNNING GROUND P\OOUT "fK HuuN£ BOTCH OP CUCKKS \jmo «op\m TvAC STKe£.TS IOOK<f4G V FOR Tfoxi&ug.,... 5 vc OOGHf "To HPNG. H*S 6*fWt*£D.. Tne wftH's B RpivirtG y cone Noui.joNes... DON'T se TOO wrrd ON thg. poor ch*=m v oveajoßK ReopLc
      52 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Gains outweigh losses
      667 8 Tokyo Source: DBS-Daiwa THE reduction of the official discount rate by 0.75 per cent, banning of the acquisition of IcK-fcfcArflve year bonds by nonresidents and an Increase In the teaerve requirements for non-resident free yen deposits from the current 50 per cent to 100 per ceai was
      Source: DBS-Daiwa  -  667 words
    • Article
      Lock icon Hongkong
      401 8 Source: Sun Hung Kai Sec Ltd. AFTER a fairly quiet start yesterday, the market settled back Into Its usual thin two-way trading. Continued profittaking among the hongs followlng their recent relative strength saw Swire Pacific and Hutchison Whampoa slightly weaker but blue chips ended the day unchanged except for
      Source: Sun Hung Kai Sec Ltd.  -  401 words
    • Article
      Sydney
      326 8 THE market closed quietly mixed yesterday with most trading confined to the afternoon session. BHP rose six cents to As 4, ACI rose two to $1.60 while the National Bank lost two to $2.32. In oils, Woodslde gained one cent to 75 cents while Ampol Exploration dropped two to
      326 words
    • Article
      Manila
      143 8 THE market yesterday closed lower with minings and oils posting slight losses though commercials remained unchanged. Turnover rose to 1 89 million pesos from Tuesday's 1 39 million. Lepanto lost one point while other mining issues remained unchanged. Oriental and Phil Overseas lost one point each while other oil
      143 words
    • Article
      Bangkok
      150 8 MAR IS Bahts Asia Fibre Bangkok Bank 389 -2 Bangkok Invest 372 -8 Bangkok-Metro-politan Bank Bata 800 -5 Berll Jucker 500 ♦2 CarpetIntnl Charoong Thai Wire 440 Dumex DusltThanl 356 -7 Faber Merlin First Trust 610 -9 Genera Finance 413 27 Indo-Thal Industrial Finance Corp 2905 unch J And
      150 words
    • Article
      QUIET TRADING
      345 8 EUROPEAN MARKETS MOST European bourses closed weaker on quiet trading. In FRANKFURT fears that the US-West German support measures may fall to check the dollar's weakness also affected prices. Autos were lower, led by Mercedes losing three marks, while banks lost up to 2.30 marks and chemicals up
      345 words
    • Article
      Frankfurt
      219 8 MAR 14 Dm Aef-Telefunken 87 10B Akzo 20 40 -0 8 Allz Leben 620 unch Allz Vers 487.50 -0 5 BASF 137 80 -1.4 Bay H T Wbank 285 -3 Bay Vbank 320 50 -2.5 Bayer 138 BBC 298 -4.5 BMW 226 -2 Cassella 377 Chem Verw 227 -1
      219 words
    • Article
      Zurich
      185 8 M AR M Francs Actions Sulsses 260 +2 AlusulsseBr 1190 10 Alusulsse Reg 540 ♦4 Brown Boverl Br 1815 +70 Oba Qelgy Br 1100 +35 Clba Gelgy PC 875 +25 Clba Qelgy Reg 854 10 Credit Suisse Br 2330 105 Credit Suisse Reg 451 11 Elektrowatt Br 1880 +80
      185 words
    • Article
      Amsterdam
      233 8 MAR M Fto ABN 345 00 •1.5 Ahold 99 00 -1 Akro 2150 -1 AMEV 79 80 -0# Am fas 108 00 -0 5 Amrot Bank 74.50 -1 Bergoss 59 00 -3 Berk 98 50 unch Bols 69 80 -0.3 BorsumlJ 139 80 -1.2 Burhmann 68 70 ♦0 3
      233 words
    • Article
      Jo'burg
      378 8 GOLD shares hardened In fairly active trading following higher bullion indications, dealers said. Overseas interest was modest and selective yet helped by a lower securities rand, traded at 80.50(83). they added. Financial minings rose In line with producers In Tight trading. De Beers featured with a 15 cent rise
      378 words
    • Article
      Paris
      287 8 MAR 14 Frs CORBEILLE Air-Llqulde 263 20 +4.2 B S N Gervals Danone 356 +7 C S F (ThomsonCsf) 159 ♦7 Clf Francalse des Petroles 100 -1.5 ("ompagnle Financier? ('ompagnle General® 316 50 +61 Credit Fonder De France 306 -10 Hachetle (Llbralrte) 142 -1 Machines Bull 28 75 ♦0
      287 words
    • Article
      Brussels
      84 8 MAR M Frs FORWARD MARKET Arec Arbed Astur Brascan Bru-Lamb 1418 +2 Canpac 479 Cock 349 -3 De Beers 170 1 Ebes 2340 5 Electrobel 9050 unch Ob-Inno-Bm 1855 unch Gev 1234 -4 Hobok 2210 unch Petro 3815 -35 Ryl Dutch 1880 -35 Sidro 668 •2 Soc Gen Belg
      84 words
    • Article
      Coal accord turns prices higher
      1153 8 New York A SETTLEMENT by coal strike I negotiators to end the 14-week old strike helped stocks reverse early weakness as prices ended higher in another active session. News of the agreement also helped the dollar gain against major European currencies In New York trading.
      1,153 words
    • Article
      CHICAGO BOARD OPTIONS
      1367 8 March 14 On the Chicago Board Options Exchange, a total of 114,284 contracts were traded on Tuesday compared with Mondays 117,159. oman Afrm m Mum 2 «m 10 A', m an Ami Trt «A Abi TV) art A»n lai 44 An >i M nt 411 OCT *TUCK
      1,367 words
    • Article
      Toronto
      194 8 MAR 14 CS Abltlbl 11% Aican 27% Algoma 18% Bank Mont 18S Bank Nova Scotia 19* Bell Tel 54 Beth Corp BP Can Ltd 14*% Brascan 15% Camp Red Lake 38U Can Imp Bk 26'. Canpac 17(% Canpac In* Pf 15'.B CarllngO Keefe 3% Comtnco 23S Cons Bath 25'%
      194 words
    • Article
      Lock icon Comparing shares instantly
      84 8 AFP ELECTRONIC communications allowing instant share price comparisons throughout the US will start up on a trial basis next month, stock exchange authorities In New York announced. The "Intermarket Trading System" as It Is known will make stock exchanges more competitive. It will enable brokers to place
      AFP  -  84 words
    • Article
      Selected indices
      59 8 FINANCIAL TIMES INDUSTRIALS Tuesday 460.4 Monday 95 to 95* H.K. HANG SENG Monday 459 0 Week Ago 444.1 DOW JONES AVERAGE INDUSTRIALS Tuesday 762.56 SYDNEY INDUSTRIALS Wednesday 394 05 Monday 759 96 Week Ago 300 7n Week Ago 746 79 LONDON DOLLAR PREMIUM Tuesday 94* to 95* ALL
      59 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      226 8 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
      226 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon San Miguel and Swan post lower profits
      113 9 ASIAN COMPANIES Reuter SAN Miguel and Swan Holdings Ltd revealed audited consolidated operating loss of 392,800 klna (compared with a loss of 729,000 klna previously) for calendar 1977 on sales 7.98 million klna (4.79 million). Loss Is after depreciation of 289,200 klna (267,000)
      Reuter  -  113 words
    • Article
      Lock icon ROBE RIVER FORECAST
      87 9 Reuter ROBE River Ltd of Australia said it expects profits will be lower in the second-half-year to the end of June than the A 52.95 million (SsB.l million) earned after tax in the December half. The company said lower world demand for iron ore must have at
      Reuter  -  87 words
    • Article
      Lock icon JAKARTA STEEL CALL
      103 9 Reuter INDONESIA'S steel rod manufacturers have asked the government to increase Its use of domestlcallymade rods to help boost the production of underutilised factories. Antara News Agency said the 22 members of Apbesi, an association of steel reinforcing rod manufacturers in Indonesia, were producing 200,000 tonnes a
      Reuter  -  103 words
    • Article
      Lock icon Competition is the bugbear for Sony
      535 9 Reuter SONY Corp revealed consolldated net profit on U5523.32 (million) (Sss3 million) for first quarter ended Jan 31 (compared with $46.3 million previously). Sales hit $578.84 million ($544.28 million). Income per American depositary share was 11 cents (21 cents). Sony continues to aim for
      Reuter  -  535 words
    • Article
      Lock icon Tokyo backs oil sand venture
      175 9 AFP THE Japanese government has agreed to participate in an international financial venture to develop oil sand in Canada's Alberta province. A Kyodo News Agency report, quoting government sources, said the decision apparently means national backing of the private Japanese investment venture which, if successful,
      AFP  -  175 words
    • Article
      Lock icon Court dismisses libel suit against Colonel Sanders
      248 9 NORTH AMERICAN COMPANIES AP COLONEL Sanders was not talking about a single 'restaurant when he said Kentucky Fried Chicken's gravy tastea like wallpaper paste, the Kentucicy Supreme Court ruled on Tuesday. The court threw out a libel suit against Harland Sanders, the white-bearded
      AP  -  248 words
    • Article
      Lock icon Fluor rules out merger
      66 9 Reuter FLUOR Corp does not think a takeover of the company Is likely, vice-president and secretary Richard Humbert told the annual meeting. He made the comment In connection with a company proposal, approved by shareholders, that changes its incorporation to Delaware ffom California. Mr. Humbert said
      Reuter  -  66 words
    • Article
      Drug firms appeal
      85 9 CIBA Gelgy's subsidiary Clba-Geigy (Japan) Ltd, Takeda Chemical Industries Ltd and the Japanese government have Joined a third drug co, Tanabe Seiyaku Co. In appealing against a court ruling ordering them to pay damages of 249 million yen to victims of the nervous disease Smon. The damages
      85 words
    • Article
      Top steel makers seek govt loan
      161 9 SIX major Japanese steel firms have asked the government for a loan of over USSIOO million (***** million) from Japan's foreign exchange reserves for advanced payments of pelletised iron ore to be supplied by Brazil, Chile and India, Nippon Steel Corp said. Presidents of
      161 words
    • Article
      Lock icon Teijin paints a bleak picture
      107 9 Reuter TEIJIN Ltd said it expects a 4.4 billion yen (Ss43 million) pre-tax and special items loss for the year ending this month, compared with a 3.80 billion yen profit the previous year. Sales were virtually unchanged from the previous year's 349.52 billion yen. The
      Reuter  -  107 words
    • Article
      Lock icon Bell Helicopter's Iranian bonanza
      537 9 NYT BELL Helicopter, a Texasbased subsidiary of Textron Inc. was barely visible as a company In Iran six years ago, but today It runs the largest operation of any American enterprise In the country, accounting for one-quarter of the 38,000 American employees and dependants In the
      NYT  -  537 words
    • Article
      Lock icon Pitts ton's profits may look up
      419 9 NYT SHARES of the Plttston Co. have been trading close to their lowest prices In over a year, but now that the coal strike has been resolved things are expected to change. Plttston produces highquality metallurgical coal and might be expected to benefit from
      NYT  -  419 words
    • Article
      Lock icon Union Carbide woes
      113 9 Reuter UNION Carbide Corp's top executives said profit margins may remain under pressure. Chairman William Sneath and president Warren Anderson said in the annual report growth may not be sufficient to tease the problems which created the current cost price squeeze. In 1977, the company's gross profit
      Reuter  -  113 words
    • Article
      VW of America denies charges
      181 9 VOLKSWAGEN of America Inc said charges made against the company by the Environmental Protection Agency were ill-founded and unnecessarily Impugn the integrity of its dealers. The agency charged the company and 12 of Its dealers with violating pollution control requirements. Volkswagen said it spent many
      181 words
    • Article
      Lock icon Relax UK exchange controls says Barclays
      127 9 EUROPEAN COMPANIES Reuter A MEASURED easing of UK foreign exchange controls is advocated by Barclays Bank chairman Anthony Tuke in a statement published with the bank's annual report and accounts. Mr. Tuke said government reluctance to take more than small steps to ease exchange
      Reuter  -  127 words
    • Article
      Svenska has no comment on $1b loss reports
      234 9 A SPOKESMAN for the Swedish state-owned shipbuilding Svenska Varv AB declined to comment on Swedish press reports that Its 1977 losses were over 2.2 billion crowns. The company which began operations last July, said its losses would be around 1.2 billion. Final
      234 words
    • Article
      Lock icon Leyland wage plan gets govt approval
      219 9 Reuter THE UK government has approved a plan enabling British Leyland to grant wage increases in the next pay round for all Its workforce from November, which for some workers will mean less than twelve months between pay awards. An attempt earlier this year
      Reuter  -  219 words
    • Article
      Earnings at SKF take a tumble
      145 9 SKF, the Swedish bearings, steel amd machine tools group, shows a fall in earnings for the third year running. Pre-tax profit before extraordinary items and exchange adjustments comes out at 156 million crowns (Ss2B million) for 1977. The comparable figure for 1976 was 256
      145 words
    • Article
      Lock icon Oil boosts Elf-Aquitaine's take
      402 9 Oil boosts ElfAquitaine's take FT DESPITE heavy tosses in oil refining and distribution, the state controlled Elf Aqultalne group turned in a sharply higher net profit of 1.24 billion francs (about Ssl26 million) for last year on consolidated sales which grew by a gentle one billion francs to 37 billion.
      FT  -  402 words
    • Article
      Banco di Roma changes
      159 9 A MAJOR reshuffle at top management level It expected to take place shortly in the Banco di Roma, one of Italy's major State controlled commercial banks. This follows the resignation of Mr. Mario Barooe, one of the two managing directors of the bank. In the last
      159 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      264 9 M €t s® m w X'S t jS^r^ I n v a I V w m i i ft a 'i m IB WS I Ri <i«*S if Fff !«S m lI'I.V m JS& m w tin 1 fe 111! '.w f HI K Ci m m W w> DON'T
      264 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1317 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett." Big Board deal
      1,317 words
    • Article
      Government bonds
      177 10 Rep Spore D Mark 7% 1982 (100.000) (102*B 103*8) Rep Spore 6 1/2% 1983 (100,000) (102*B 103' iS) Rep Bpore 7 3/4% 1987 (100,000) (998 99*8) 4 3/4% 1/5/79 (250,000) (100.808 100.955) 5 1/4% 15/10/79 (250,000) (101.308 101.458) 5 1/4% 15/10/79 300,000) (1) 101.40 5 3/4% 1/8/78-80 250,000)
      177 words
    • Article
      Corporate bonds
      192 10 B O T 8 1/2% IMI (100,000) (1018 101 (1) 101% B O T 7 5/8% 1964 (100.000) (95H8 96 1 aS) B O T Floating 1984 (100,000) (99W8 99%5) C Itoh 8 1/8% 1964 (100,000) 965) LTCB J 1982 (100,000)(99v,B 100S) LTCB J 1983 (100,000) (99*8 100S)
      192 words
    • Article
      Stock options
      895 10 BTRDCINO prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid ana offer prices and business 'done yesterday, with the number of options traded shown In brackets. Sine Darby (March 13.40 (0.408) (5) 0.43 (4) 0.38. St. Steamship (June $2.10) (0.228). Closing
      895 words
  • Article
    Unit trusts
    146 10 SINGAPORE UNIT TRUST INCOME BOND UNIT iMiuim' price for Mar It) (Carraat pi rice*) The Commerce 181 1.92 INCOME BOND 1.10 1.17 The Saving Fund 1 03 l.Otad S pore Pro* Fund 0.86 0.01 MARA BUMIPUTRA FUND (Maaagara' price* for Mar It) Spore Security Fund 198 1.78 First
    146 words
  • Article
    In Kuala Lumpur
    792 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number cl shares traded shown in brackets in lots of 1.000 >inlts unless otherwise specified. INDUSTRIALS A«ma (1.638 1.708). Ajin«m*t* (2.428 2.478) (1) 2.42. Alow (2.758 2.748)
    792 words
  • Article
    Glenealy increase
    437 10 GLENEALY'B unaudited pre-tax profit for the half year ended Dec. 31,1977 was M 547,241 compared with a loss of $61,478 In the previous corresponding period, mainly as a result of a 52 per cent increase In gross dividend income received from its investments which are in both quoted
    437 words
  • Article
    WEARNES NOTE
    70 10 WEARNES Brothers Ltd has informed the Stock Exchange of Singapore that the Msl million proposed paid up capital of Wire Wearne Malaysia Sdn Bhd Is to be paid for in cash of which 40 per cent will be subscribed by Wearne Brothers and 60 per cent by Koperasi
    70 words
  • Article
    SHARE INFORMATION SERVICE
    2446 10 1977/1978 High Low Company Lwt Sale Gr's Div Div Cti Gr's Net YH P/E Vol Day C090) High Low 8ECTION ONE INDUSTRIALS 165 267 124 262 88* 235 160 291 422 146 132 165 58 212 57 155 144 182 350 91 Ac ma Alcorn Allied Choc
    2,446 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      123 10 For a Successful BANKING Career LI T PI A LRA MA I SCRI NEI I study with W)lsey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the
      123 words
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  • Article, Illustration
    SINGAPORE Moderately active
    662 11 c HESITANT trading across the board made for barely steady and moderately ac- > -tive Singapore stock market < jreotorday. c.. Several counters recorded i modest advances but tbese ■•moeo few and far between. 73 The root of the market moved within narrower limits than was the
    662 words
  • Article
    KL ends mixed to steady
    587 11 SELECTIVE trading ruled at the Kuala Lumpur stock market yesterday with prices closing on a mixed to slightly steady note. Traders appeared cautious and generally stayed clear of fresh commitments following Tuesday's bout of profit-taking which left behind a trail of losses in the speculative
    587 words
  • COMPANY NEWS
    • Article, Illustration
      Goodwood hotels earn their keep
      1906 11  -  By ARTHUR NG THE Goodwood Park group has convincingly broken from its usual reliance on dealing gains and for the first time in five years has turned in profits from what the public has usually considered to be its main line of business that of
      1,906 words
    • Article
      PRI decline results in plunge at Ulu Benut
      500 11 A HIGHER group taxation charge combined with a drastic fall in profit from its major subsidiary has led to a 78.7 per cent plunge In pre-tax profit at Ulu Benut Consolidated Industries for 1977 yeaf ended Au S 31 Consolidated group pretax
      500 words
    • Article
      Roxy reverses setback
      390 11 ROXY Electric has managed to reverse a first half setback, when profits were trailing some 16 Der cent behind, into a small improvement in its overall trading results for the year. Pre-tax profits for the year ended September, 1977, rose 1.4 per cent to M 52.614 million.
      390 words
    • Article
      DIVIDENDS ANNOUNCED
      392 11 Currant Ex Books Clone Data Total for Total for |w*+lnw ynar Ptynwit Date payable the year Peril* Plantation* 12 5* Feb a Feb 10 Mar 23 22.5* 10.1* Wilkinson Uhi Boaut 10% Mar 14 Mar 30 Mar 30 24* 0* 20* OH(d) Mar 13 Mar 23 Mar 31
      392 words
    • Article, Illustration
      Perak Carbide suffers even greater loss
      339 11 PERAK Carbide's troubles are far from over. Despite its efforts in breaking Into an entirely new field ferro silicon in addition to calcium carbide, the company has been landed with a further loss of M 5322.552 in the current first half ended Nov 30,
      339 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      133 11 ASSISTANT OPERATIONS MANAGER $30,000 P.A. Our electronics manufacturing company requires an experienced manager for this position. We are engaged in metal finishing, graphics, and mechanical fabrication operations in Singapore. The individual will report to an American Operations Manager and undergo familiarization with our products and processes. A broadening of responsibilities
      133 words
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  • Article
    Lock icon Time now for Britain to reflate economy
    757 12 AFP Reuter AN UPTURN In economic activity Is now 'appropriate" for Britain In order to take up slack gradually, the Organisation for Economic Cooperation and Development (OECD) said In Its annual survey of the British economy. r Reasons for this include: •tfW need
    AFP; Reuter  -  757 words
  • Article, Illustration
    Lock icon Japan urged to join hands with Australia
    638 12 AP UPI ■The DEPUTY Prime Minister of Australia, Douglas Anthony, yesterday called on Japan to take the lead in developing markets in the resourcerich Pacific area In cooperation with Australia. "Increasingly in the future, Japan and Australia's relationships with the countries of South-east
    AP; UPI  -  638 words
  • Article
    LONDON STOCKS
    797 12 LONDON, Wed. The market closed quietly mixed today with the Israeli action In Southern Lebanon weighing on sentlOtOt. dealers said and at 3 p.m. the Financial Times Index was down five points at 455.4. Government bonds met fresh Interest and gained up to point. Yesterday's trade figures and
    797 words
  • Article
    Lock icon Tariff cuts soon on 12 more items
    201 12 Agencies THE DEPUTY Foreign Minister of Japan, Mr. Hlromlchl Mlyazakl, told EEC Commission directorgeneral for external affairs, Sir Roy Denman,that Japan will cut import tariffs on 12 Items soon. Mr. Mlyazakl, however, did not elaborate on the plan, which would follow tariff cuts
    Agencies  -  201 words
  • Article
    Two not members of clearing system
    196 12 PHILLIP Securities hai decided not to join the Securities Clearing and Computer Service* (SCCS) when its two-week extended deadline expired yesterday. This mean* that there are now two atockbroking houses that are officially non-members of the SCCS. The other is Lin Securities (Pte). All
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  • Article
    MIXED FEELINGS OVER GOLD MART SET-UP
    887 12  -  By SIVA ARASU THE DRAFT framework of Singapore's gold futures exchange was yesterday received with mixed feelings. Rubber brokers, chief promoters of the project, were naturally enthusiastic. Merchant banks and the gold dealing subsidiaries of commercial banks, on the other hand, were guardedly optimistic.
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  • IN PARLIAMENT YESTERDAY
    • Article
      Jobseekers are proving too selective
      515 12 JOBS are aplenty but not those that registrants with the Labour Exchange are seeking. This Is the main problem facing the exchange. Vacancies In the construction and shipbuilding and repairing industries are invariably not filled as they are considered "rough and tough". Mr. Sla Kah
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    • Article
      Work permit now under review
      577 12 THE MINISTRY of Labour is currently conducting a review of its work permit policy to ensure that Slngapore's future economic development is not stifled by lack of skilled and semiskilled manpower. This was disclosed by Mr. Sia Kah Hut, acting Minister for Labour, in Parliament
      577 words
    • Article
      Estate duties
      109 12 THE Government proposes to reduce estate duties under a bill now before Parliament. The bill will seek to double the tax-exempt amount from $50,000 to $100,000. This applies to the estates of those persons whose deaths occurred on or after April 1, 1977. The bill also seeks to
      109 words
  • Article
    Steady rise in cargo handled
    135 12 CARGO handled at Singapore's ports and wharves maintained a steady upward pace in January, following two years of strong growth. Cargo discharged in January was 11 per cent higher than the corresponding 1977 month and the growth in cargo loaded was 42 per cent. The
    135 words
  • Article
    Lock icon Hongkong makes it easier
    70 12 Reuter FOREIGN branches wanting to provide full banking services through a branch In Hongkong will now receive favourable consideration, Financial Secretary Philip HaddonCave told the Hongkong Legislative Council. In future, it will be easier for banks to be licensed under the Banking Ordinance than have to
    Reuter  -  70 words
  • Page 12 Advertisements
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      85 12 Meet the TOSHIBA 8D702A plain paper copier AN^CONOMOVLXOCT t m i** FULL RANGE OF ELECTROSTATIC AND PLAIN PAPER COPIERS AVAILABLE ON CREDIT HIRE PURCHASE OR RENTAL TERMS For further information, call Allan Tan FIIIMTRfIH 60 orchard Road Sin 9aP° re 9- Telephone 404 LlfUHl HUH A Member of the Inchcape
      85 words
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    SHIPPING TIMES
    4266 13 SCHEPPIE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line involved, and the estimated dates of arrival and departure from Singapore port. t Consortium SeanDotch has a Joint service
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    Who acts for whom...
    668 13 Ahll Shipping Sharjah Algerian National Line (CNAN) Unipaclfic Alpac Line lntrasea Anhsing Line Strongwill Angkutan Pertambagan Eastern Way Angkutan P. (Cont. Service) Straits Shipping A PL (American President Lines) APL Arya National Shipping Ocean Shipping Australia Container Service Star Shipping Australian National Line Jardine Australia Straits
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      397 13 MAERSK UNE SERVICE MI THC MY SINGAPORE *****46 PENANG *****1 K.LUMPUR ***** P.KELANC *****0 I SHIPPING TO SOUTH PACIFIC ISLANDS GUAM FEEDER SPORE KOBE MOTHER 3/4 14/4 A msd <23/421 KOBE LOAbING FOR 25/4 SUM. PAPEETE. PAGO-PAGO, APIA, SUVA. LAUTOKA. NOUMEA. TARAWA HONIARA THE BORNEO COMPAMT PTE ITO 71 ROBINSON
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      Page 13 Advertisements Column 2
      175 13 NOTICES FAR EASTERN FREIGHT mYT M i J'[J BABAH, BRUNEI SARAWAK FREIGHT CONFERENCE NOTICE TO SNIFFERS LATTAKIA CONGESTION SURCHARGE Reference Is made to the notice In the press on Saturday, 19th November, 1977. The member lines of the above Conferences have reported that port conditions have again deteriorated at Lattakla
      175 words
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      Page 13 Advertisements Column 3
      22 13 SEA LAND Off/ KFMCEMTED COtTTAMEf SERVICE NEXT MIDDLE EAST VESSEL WORLD LION V I 40TH FLOOt, HONG LEOM UK, 11, MFFIfS QUAY
      22 words
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      724 14 SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE Him* Maru H*4w|Eipws Oialußaji EXPRESS CONVENTIONAL TO EUROPE S pan f Kel»| Pen B'Lmu Genoa Hburj B haven Rdam ««erp S*pta« Rickmtn Sailed in Pt sailed 4 4 XB/4 16/4 13/4 Buntenitem 20'3 6 4 1° ''•'4 14 4 16 4 *M Lawthardt 29/3
      724 words
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      Page 14 Advertisements Column 2
      601 14 I £2 SANKYO LINE AUSTRALIA SERVICE P. KaiMC Sinpuri LoadMf for THREE STAR IN PORT 25/26 Mir FRCM, AOCL, MEL, SYD SEABLOOM 19/20 Mar 17/11 Mar MtS, STD KYOSEIMARU 30/31 Mar 1/2 Apr FRfM, ADCL. MEL MAY SKY 30/31 Mar 1/2 Apr BWS.SYO KYOTEN MARU 14/15 Apr 10/17 Apr ADEL,
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      Page 14 Advertisements Column 3
      481 14 SEAJ/iLAND U.S.A./ ASIA SERVICE ORY RfFUGERATED CONTAINER SERVICE SAIIING EVERY WEDNESDAY FOR PORTS iN USA, CANADA CAD ME AM. JAPAN. ROSEA. TAIWAN HONG KONG THAILAND ANO PHILIPPINES 40TH FLOOR. HONG LEONG BLOC, 16 RAFFLES QUAY SINGHPORf 1 Customer Semite Book.,i| *****2? Terminal ?5? ?~a3 *****37 AISO ACCEPTING CAKO FOR SAVONA
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      Page 14 Advertisements Column 4
      979 14 Biom Fivt Star Sfcippwi Corfu. 'BURMESE NATIONAL LINE IOAOIM FM RANGOON fHASMKCTMIW 8 f SS C Agents in Mnloywa TEPS MALAYSIA Port Kelong Tel (38) 7355 Penong Tel *****/ ***** LOADING FOt DURBAN. CAPETOWN BUENOS WHS PATAGONIA ARGENTINA Transportation Maritima Maxicana S. A. "MEXICAN NATIONAL LINE" FAR EAST/MEIICO t CENTRAL
      979 words
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      Page 14 Advertisements Column 5
      724 14 JARDINE— ANTAH Orient Overseas C<uUd*te4 Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) I'pen P. NERCATORSN la part H. (Otf CONTAINER 9M JWJ ORIENTAL CHIEF 8N SSEAS BRIDGE 15N 15/4 ORIENTAL RESEARCHER II ZU4 CHEVALIER PAUL 1M a/4 WEPTIMIC COM! 7* 4/5 NEPTUNE PEARL M 14/5 All jreaeh call UM|
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      1286 15 OCL Overseas Containers Limited tmnmacm soma ti h/cmtiiot: 9wm P. Umi PMprk In*. i*wi N»»re «x 24 Mar 2« Mar 14 Apr II Apr 17 Apr (22 Apr) 12 ST Mar ft Mar It Mr a Mr Mr a Mr 1/ S Mr 7 Apr 21 Mr Apr 21 Mr
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      1282 15 Ben Ocean Ajctnt service of Ben Line. Blue Fhnnel den Line and NSMC T» or/continent (Ma sau) P. X*i«ng 1/ 4 Mr 11/15 Apr 11/11 Mr 11 Mty Bilbto. Mist, M bur*. Out L'pool. 11/1S Apr 11/11 Mr 12 M*r L.soot. Lkmi ml 27/20 Mr 1/ I Kay 1/ 4
      1,282 words
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      Page 15 Advertisements Column 3
      949 15 BLC KMUII •MM itfl NAMIURt limt) •UU UT BENAVBH BENLINE CONTAINERS LOOTED m'iuk i HA»t« boa* havre scitm Singapore P. Kllwt W. Gerwa«y Mttna Beaelial France All U.K. Scin-iM" n Mar jf Mw Apr Tl Mr Apr (It Mr) 11 Apr 77 Mar n Mar llAprnAprnAprjaAawT7Mr a Apr ?Mr »W
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      Page 15 Advertisements Column 4
      1005 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Feeler ham f. >t!m| Veisti ILEANOIA II I UUIIII ELEANORA 1| NiiO* f AUCISCA IV 1 Ml. bEIIHA i 11/1 nrtu FIANCESCA U/ 4 Rl lltil Spore I) Ms*.ltd 7) Rdam 3} Hburg 4] cburg 11/ I 1/
      1,005 words
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      Page 15 Advertisements Column 5
      731 15 GUTHRIE BOUSTEAD SH,,fW THK BANK urn LTD. LftAK FM L ft t AFtICA BLIVEBAIIR (Mrant.M, Reun.on. M btsa Tanfi, ftrira. Ourban I 1.. I Prnanf P. Kiim H/J) Mw S sort IT/M K> TISTUM Mauritius. Reun.on o»»han. t.L. M Sa»*toN) Penanf P. Relaxf 11/ M Apr S'fp-* 13/1? t|r tw
      731 words
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      1048 16 ~\T?\ "K" LINE 3E FULT CMTAMBHSa SEWICE Tl OUK (VU SfEfl S'port P. Retort LHwre HTwrg Brrine« R"(tor MEKATBR SW li Part 17 Mar S Apr Mr 7 Apr I NMCKONS CONTAINER !W 31 Mar 1 Mr 21 Mr 21 Mr 22 Mr 23 Api ORIENTAL CHIEF IV IMr II
      1,048 words
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      Page 16 Advertisements Column 2
      1171 16 E.C.-RJJUATUUmC/80LF SERVICE tcunw ret An mis ma rim. r. mm. muk Lpadag fff: HMfCU. NEW T««. S apgoi P. Uwi HIM Nun "VISNVA VIIRAM" (NRSA 21 Kl) 1 Apr 1/ Agr M* 8 E. C./GREAT LAKES SERVICE Ln4.1l Iff: NORFOLK, NEW Vl*. MMTHAI. TORRNVR, ASNTARULA. »m«IT. CNICABO. Ptnang Bela«an Hell"!
      1,171 words
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      Page 16 Advertisements Column 3
      1119 16 •FULLY CONTAINERISED SERVICES: re fiupc ivu mzr P bUti naita Iftart MERCATOtt la Part HON6IINC CONTAINER 11 Mar ORIENTAL CNIEf I A* SEVEN SEAS HIKE IS A* 1 ORIENTAL RESEAKNEI 22 Afr CHEVALIER PAUL 21 M NEPTUNE CORAL 4 Hay NEPTONE'PEAIL 14 Ma? 'All rasrts call la tan artar FROM
      1,119 words
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      Page 16 Advertisements Column 4
      832 16 Wi MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BCPHAD in.-1L aim EXPRESS FULLY CONTAINERISED SERVICE TO/FROM M ED/CONTINENT/SCANDINAVIA mr bmm feeder (UiHOli Uliaoai '«t*ctsc» aimoii nuHcisct f Kel»n< Vessel I*/ 1 Sf LIMA 1 NINM 1 Ml. MJIMA 11/ TOT AMI a/ 4 MMISM n 'on S'pore 1) NMillts 2) Mm 3) HMg
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      Page 16 Advertisements Column 5
      716 16 INTRASEA (PTE) LTD. KMUI MKKMCr SOVICI T| IMK S pon P Keltng Piwf LMfc|Fir ■.V FWII 23 M* II te A wtrp R"fian- "H'boßk. VU'. AESIS BALTIC IS Apr I Apr SWTdam H'6 U A'awrp. B.V. LN VWAY 25 Apr 20 Apr A wefp/ITtoii/JCPr •linnn Timet 81/ l Mr «mt
      716 words