The Business Times, 24 March 1978

Microfilm: NL9627
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, MARCH 24, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Signing postponed
      92 1 Reuter TOKYO, Thurs. The Malaysian government and a Japanese underwriting syndicate of 30 firms agreed to defer until next week the signing of a contract for Malaysia's 15 billion yen (Ssl49 million) bond Issue on the Japanese capital market early next month, Dalwa Securities said as lead manager.
      Reuter  -  92 words
    • Article
      Lock icon Fraser promises fight
      81 1 Reuter SYDNEY, Thurs. Prime Minister Malcolm Fraser promised a fight to the finish with striking New South Wales postal workers today after they decided to continue a strike which has held up 25 million articles of domestic and overseas mail. Mr. Fraser stated the government's tough line
      Reuter  -  81 words
    • Article
      Lock icon New Swiss decree
      81 1 Reuter BERNE, Thurs. The Swiss government yesterday said it will pass a new decree enabling the Swiss National Bank to levy minimum reserves and control capital market Issues until the projected National Bank Law Is passed. The decree will bridge the gap between expiry of an existing
      Reuter  -  81 words
    • Article
      Lock icon Ban stays
      53 1 Reuter TAIPEH, Thurs. Taiwan will continue to ban the borrowing of short-term foreign loans as working capital by local industry and business, according to Mr. Yu Kuo-hua, governor of the central bank here. The ban was imposed in October last year to check the inflow of short-term capital
      Reuter  -  53 words
    • Article
      Lock icon No knowledge
      81 1 Reuter TOKYO, Thurs. The Transportation Ministry and the Japan Shipowners Association said they had no knowledge of a reported plan for the Japanese government to help Japanese lines purchase foreign ships they are chartering from their overseas subsidiaries and foreign shipowners closely affiliated with them. The Japan Broadcasting
      Reuter  -  81 words
    • Article
      Lock icon Checking money supply
      70 1 UPI SEOUL, Thurs. The government, effective Saturday, will make it mandatory for all overseas construction service earnings to be deposited in foreign currency with local banks until Jan 4 next year. Officials at the Finance Ministry today said that the move is to prevent the nation's money
      UPI  -  70 words
    • Article
      Lock icon Steel setback
      82 1 AFP TOKYO, Thurs. Japan and the European Community may not be able to reach accord on a new bilateral steel trade arrangement until midApril as a result of the EEC's rejection on Tuesday of a planned "armistice" agreement. The Ministry of International Trade and Industry said today they
      AFP  -  82 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      132 1 Rises Most active Hons Leong 258 +8 Sin Chew 247.000 Tractor* 374 +6 Nanyang Pre** 135,000 Dunlop Est 326 +4 Sime Darby 127.000 Tan Chong 284 +4 Pahang Con* 115,000 St Steamship 267 +4 Metro Hldg* 105,000 Tasek Cement 240 +4 Total Turnover: 3.64 m Perli* Plant
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    • Article, Illustration
      In Kuala Lumpur
      151 1 Rises Most active P. M. Hold 1.70 .12 High and Low 234,000 CheroaoDMC 2.85 .10 API 191,000 F E Levinfctofi 2.98 .10 Sim Llm 142,000 123,000 Rahman Hyd 3.60 .10 S. Darby Guinness 5.15 .10 Total Turnover: 3.32 m Dunlop Est 3.38 .06 Total Value: MS6.92 m
      151 words
  • Article
    Shipping body on the right tack
    887 1  -  MOVES FOR A NATIONAL ASSOCIATION By TERESA LIM THE SINGAPORE Shipping Association is working towards the set-up of a national shipping body. It plans to change its constitution so that members may be admitted more liberally. In this way, it hopes to expand sufficiently
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  • Article
    Lock icon Khaled warns of price hike
    245 1 UPI KINO Khaled of Saudi Arabia has warned the United States that crude oil prices may be raised if the dollar's decline continues. The White House did not immediately comment on the report carried by the Washington Post, which said the king's message to the
    UPI  -  245 words
  • Article
    Tariff grants boost cargo transhipment
    612 1 SINGAPORE'S tariff concessions and more liberal conditions for transhipment cargo, Introduced this year, appear to be paying off. The volume of transhipment cargo in January rose 30 per cent over the previous month. The same month also saw a much higher utilisation of the PSA's
    612 words
  • Article
    British minister meets Hussein
    137 1 MALAYSIA and Britain held talks in Kuala Lumpur yesterday on the Malaysian ban on Concorde overflights through Malaysian airspace Prime Minister Hussein Onn and British Minister of State for Foreign Affairs, Lord Oorowny-Roberts, apparently did not reach an Immediate agreement on the Malaysian ban. Enclk Zakarla
    137 words
  • Article
    Hopes rise for share of IMF gold sale profit
    361 1 THE question of whether Singapore will get its share of the profits from the International Monetary Fund's sale of gold stocks in the open market has yet to be resolved, according to Finance Minister Mr. Hon Sui Sen. Replying to Dr.
    361 words
  • Article
    Citibank's cut points to stable rate ahead
    565 1  -  By JOHN TAN A DAY after Development Bank of Singapore trimmed its best commercial lending rate by V 4 point, Citibank followed suit and reduced its prime by a similar margin. That leaves Just Chartered Bank and United Commercial Bank with their prime
    565 words
  • Article
    Lock icon No accord
    44 1 UPI A FIVE-WEEK conference on a new international wheat agreement ended In failure yesterday with another session set for next September. In the meantime it was agreed to extend the existing wheat arrangement of 1971 until the new one Is negotiated. UPI
    UPI  -  44 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      24 1 SAFE WITH AN ITOKI SAFE business mciiwii STST»BIS)m ITO 47 Pod.um Block GotOK." Ptau N»«ton ftoad 11 *****M4 CaDM BUSNfSTEMS S."9*kx« SEE PAGE 3
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      Page 1 Advertisements Column 2
      159 1 Wfehavea history of making our depositors' savings grow The history of Lombard North Central goes back more than 100 years. So it's really no surprise that our steady growth has made us an important name in British banking and finance. Individuals and institutions the world over make their money grow
      159 words
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      Page 1 Advertisements Column 3
      90 1 SEE PAGE 6 SHIPPING TIMES GRADUATES in the work*. b*ck* J day world 2 FORUM on economics 7 ARDA leads la Singapore Open KL Industrie* down, down. Golf 2 down AKER Group give* local yards EAC confident of response to its A fillip •ooaaoeooeooooaoooo 5 ikftfM H REASON to be
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      Page 1 Advertisements Column 4
      149 1 Maruman •m 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,
      149 words
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      3 1 SEE PAGE 6
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  • TRADE AND INDUSTRY
    • Article
      Grads must live up to expectations
      474 2  -  By RONNIE LIM c.KADUATES entering industry will find themselves in a time-cri-tical environment where any deviation from work schedules will lower profit margins for the company compared with the unhurried pace of university life They will also find that paper qualifications alone will not
      474 words
    • Article
      TOYS FROM ALL OVER
      128 2 THE first International Toy and Handicraft Fair in South-east Asia, Toycraft '78. has received good response with 100 leading toy and handicraft manufacturers from all over the world booking more than half the exhibition space. The fair, at Shangri-la Hotel from Oct. 12 to 16. will
      128 words
    • Article
      Safety at yards scheme in force soon
      170 2 ALL SHIPYARDS In Singapore will implement the industrial safety scheme from April 1. Direct and contract workers who have not successfully completed the safety orientation course will not be permitted to work in shipyards or on board ships at anchorage. The Ministry of
      170 words
    • Article
      Diploma in banking
      39 2 THE Institute of Banking and Finance will launch its diploma in banking and finance course in the first week of July. A part-time two-year course, It is divided into four terms, with twice-weekly lectures each term.
      39 words
    • Article, Illustration
      Boost for Science
      100 2 THE SINGAPORE Science Centre received a donation of $1.06 million this week from the Japaneae Overseas Enterprises Association. The money was collected from 192 Japanese companies. Mr. H. Shimazaki (right), president of the Japanese Chamber of Commerce and Industrv. in Handing over the che- que to Mr.
      100 words
    • Article
      Timber bonus for Sabahans
      275 2 ABOUT one-third of adult citizens in Sabah have begun receiving cash dividends totalling Ms2s million under a scheme to share the state's vast timber wealth. Each of the 311.682 shareholders of the Amanah Rakyat Sabah (Sabah People's Trust), will receive $80. the fourth and biggest dividend
      275 words
    • Article
      Loans for palm oil processing plants
      211 2 THE Malaysian Industrial Development Finance Berhad has approved loans totalling M 515.5 million to the palm oil processing industry in the country. The companv said it has granted a total of 11 loans to the industry up to June last year, mostly to processlng
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    • Article
      LATEST COMPUTERS
      220 2 SOME of the latest in US computer technology will be on display at Blsequlp. the automated Business and Banking Equipment Exhibition from March 28 to 31 at the US International Marketing Centre. More than half of the exhibits from 19 American manufacturers will be computer systems for data
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    • Article
      Gauging a factory by its canteen
      155 2 MANAGEMENT in Singapore Is becoming Increasingly aware that optimal output does not depend only on an efficient workshop layout. Nonworking areas such as the canteen, play an important role too. The canteen in fact is now becoming the yardstick for assessing the sophistication of
      155 words
    • Article
      Veteran Ben Arda takes the lead
      741 2 SINGAPORE OPEN GOLF By o Speciol Correspondent FILIPINO veteran Ben Arda took the lead on the opening day of the Singapore Open Golf championships yesterday with a four-under-par 67. Arda, the first Asian winner of the Singapore Open in the same course in 1967
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    • Article
      MEMO PAD
      154 2 DATE TITLE COURSES AND TALKS LOCATION ORGANISER Mar 27-29 Prestressed Concrete Design Sea view Compa International Mar 27-28 Costing and Financial Analysis for Marketing Managers Hilton Price Waterhouse Mar 28-30 Problem solving and prevention SIM Conference Room SIM Mar 30April 1 Factory work simplification SIM Conference Room SIM
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      339 2 from FEDERAL PUBLICATIONS L IM 81 AN YAM C a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The joy of this book, however, is that
      339 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      623 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Fellows of a distinguished Society (5) 6 Effect! (5) 9 More recent name In the side (7) 10 Imitate an opera character a lot (5) 11 Is she cheap? (5) 12 Corkscrew for the man of 59? (5) 13 Her gift upsets the boxer
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  • OVERSEAS
    • Article
      Loan guarantee for US steel
      516 3 US Secretary of Commerce, Juanita Kreps announced on Wednesday a loan guarantee programme that r?««ccn Cted t0 result in US$55O million (Ssl.3 Pillion) In loans for American steel producers who are in financial difficulty. Mrs. Kreps said $11 million in government funds will be available
      516 words
    • Article
      Lock icon Drop in Eurobond issues likely
      516 3 Reuter THE NUMBER of new public issues on the Eurobond market this year is likely to be more in line with the US$l2 billion (5527.6 billion) worth in 1976 than the $15 billion of 1977. Banque Internationale A Luxembourg SA executive Edmond Israel said the
      Reuter  -  516 words
    • Article
      Lock icon CAN PERU MEET IMF TARGETS?
      166 3 Reuter TALKS between Peru and an international steering committee of banks are focused on Peru's difficulties in meeting the targets set by the IMF for its standby credit to the country. The banks are discussing Peru's request to extend the maturity on an estimated US$26O
      Reuter  -  166 words
    • Article
      Lock icon Lance's $8m debt paid by Pakistani
      309 3 UPI A WEALTHY Pakistani paid US$3.5 million (SsB million) worth of Mr. Bert Lance's debts in January and then joined Mr. Lance and a Saudi Arabian Sheikh in high-level financial dealings, an American attorney said. Mr. Edwin McAmis, an attorney for Financial General Bankshares
      UPI  -  309 words
    • WORLD IN BRIEF
      • Article
        Lock icon WITH LESS VIGOUR
        369 3 Agencies THE US economy should recover this spring from the effects of the severe winter but the pick-up is not likely to be nearly as vigorous as last year's second quarter rebound. Citibank said in New York. The bank said that in the spring of 1977 the
        Agencies  -  369 words
    • Article
      Lock icon ZAMBIAN COPPER CUTS WILL BE LARGER
      182 3 Reuter ZAMBIA will probably reduce the amount of copper sold under its contracts this year by about 20 per cent, and not 15 per cent as originally believed. Mr. Guenther Mannes, director of Metallgesellschaft AG, in charge of copper, said in New York he
      Reuter  -  182 words
    • Article
      Lock icon Farm bill attacked as inflationary
      854 3 NYT THE Carter Administration asserted that the Emergency Farm Bill would drive up food prices and inflation after the Senate had approved the legislation. In an unusually strong attack, the Council of Wage and Price Stability declared that the bill, which the Senate passed on
      NYT  -  854 words
    • Article
      Lock icon Federal move to guarantee NY bonds
      166 3 Reuter A BILL to authorise up to US$2 billion (554.66 billion) in Federal guarantees for New York City bonds was introduced on Wednesday by several members of the US House of Representatives banking committee, including chairman Henry Reuss. The guarantees would be for a
      Reuter  -  166 words
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      368 3 r> s M W <r .jt.. -f ?T II h L wMf^mco Hgtrni v a- < v«it >. 4 a K Ml O A u\ i v < V I* '■v v- s «bj w (IV :X''./ V.&,•*v 5 i*t'i s&k*": vrafK M fctaJCSar- On your u>«y /o Europe, why
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER MARTS
      504 4 THE Singapore market closed quietly lower with April One RSS buyers quoted at 203.25 cents/ kilo yesterday, down 0.75 cents on Wednesday's close. Dealers said inactive and unchanged condition prevailed during the afternoon turnover was minimal,, they added. The market will close on March 24
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    • Article
      Closing prices
      31 4 Rubber: Mar 23: Singapore: April 203.25 cents (down 0.75 cent) Malaysia: April 206.75 cent* v (down 0.75 cent) Tin: $1,519 (up S4'i) Official offering: 207 tonnes (down 25 tonnes)
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    • Article
      Palm oil
      73 4 C.I F US dollars per ton. LONDON Malaysia 5%ffa bulk June Wednesday Previous 560 sir 560 sir Sumatra 5%ffa March 590 pd 590 pd April 610 sir 620 sir May 560/565 pd 567 50 pd June 557.50 pd 560 pd June/July 540 pd 552 50 pd Aug/Sept 620
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    • Article
      RAS PRICES
      314 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 202 50 203.25 203 50
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    • Article
      SSR AND SMR
      95 4 NOON SSR and SMR prices yesterday HAS April ICtimM Mtfe) Buyer* Seller* (cenu per kg) May: (Forv-ard Mth) Buyer* Seller* (cent* perks) SSR 20 SSR 50 (1-ton pallet* (1 -ton pallet) 193 00 191 00 19S.00N 193 00N 194.00 192.00 196.00N 194.00N MRELB SMR5CV SMR5L SMR 5
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    • Article
      Sugar
      280 4 SUGAR futures in London yesterday opened £2.25 to 11.50 per tonne up on Wednesday afternoon's levels in a turnover of 960 lots. Market sources said values followed through from Wednesday night's kerb rise on trade buying and short-covering. However, the higher levels also attracted fairly persistent trade selling interest
      280 words
    • Article
      Produce exchange
      392 4 PEPPER prices fell again in another day of quiet trading on the Singapore produce market yesterday. All grades of the commodity fell by $5 per plcul with the top grade Muntok ASTA white quoted at $392.50 per picul f.o.b. by the Singapore Chinese Produce Exchange. The total fall
      392 words
    • Article
      Rice
      133 4 BANGKOK prices In the shipment market advanced between $5 and $10 per tonne yesterday. US dollars per tonne fob basis Bangkok: White Rice: 100 pet 1 St class 437. 100 pet 2 nd class 422, 100 pet 3 rd class 417. 5 pet 408. 10 pet 395. 15 pet
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    • Article
      Coffee
      147 4 ROBUSTA futures closed in London yesterday morning officially "steady", at or near the session's lows, and down £53 to 145 from Wednesday night. The market extended opening losses under a continuation of commission house and dealer selling combined with some late book-squaring operations ahead of the Easter holiday. Dealers
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    • Article
      Rubber quietest for a long time
      264 4 MARKETS have remained in the doldrums as prices fluctuated narrowly around 204.50 cents per kilo (S) to finish one cent off on balance due to easier London advices latterly. Conditions were inactive and the quietest experienced for a long time, due in part to
      264 words
    • Article
      Hongkong comex
      222 4 THE sugar market closed firmer in dull and featureless trading, ahead of the long Easter holiday. Dealers said trading was restricted to July delivery, which rose 0.25 US cents on commission house buying. Turnover was unchanged at four lots, while the Hongkong daily sugar spot price rose 0.15
      222 words
    • Article
      SPOT PRICES
      194 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20 s 1 740. 32 s 2.010. 40' 2.100 (per bale of 400 lbs) Piece Good*: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq, Flying Oeese unq.
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    • Article
      Soybean
      121 4 SOYBEAN oil futures In Chicago on Wednesday added 0.54 to 0.05 cent a pound while meal gained $1.30 to $0.30 a ton. Ibices drove up sharply in eariy trading on active short-covering and commission hous6 stop-loss buying. Meal prices rose as much as $5.00 a ton at their peak.
      121 words
    • Article
      Wheat
      128 4 WHEAT futures in Chicago on Wednesday rose as much as seven cents a bushel in early trading before reducing gains to 3-3/4 to two cents a bushel. The Senate approval of emergency farm legislation prompted short-cover-ing which encountered little selling at the opening, taking prices into commission house buy-stops.
      128 words
    • Article
      Straits tin
      140 4 THE Straits tin price in Penang rose another MS41/2 per plcul to $1,519. Values continued to recover following firmer conditions at the London Metal Exchange on Wednesday together with reduced contributions of tin supplies from miners yesterday, dealers said. Consumers' demand remained light and total turnover fell to
      140 words
    • Article
      Cocoa
      134 4 TERMINAL In London yesterday morning reached 140 limit up during the opening call with Sept at 11.810 per tonne. Other positions showed gains of between £35 and 140 per tonne. Dealzrs attributed the rise to follow through speculative buying encouraged by Wednesday's night advance in New York, a constructive
      134 words
    • Article
      Gold
      439 4 THE kllobar in Singapore opened higher at 5513.520, up from the previous day's closing of $13 304. It then closed at $13,576 in quiet trading. In London, the metal opened at US$lBO.7O/181.00 and firmed in quiet trading to close at $181.60/181.90. The firmness In the gold price was due
      439 words
    • Article
      Lead
      70 4 LEAD closed with all round losses of C 1.50 per tonne In London yesterday morning. Values were higher Initially on short-covering prompted by the strength in copper but prices soon slipped during ring and kerb dealings under profittaking on a market lacking fresh physical demand, dealers said. Three Months
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    • Article
      Zinc
      73 4 ZINC closed with gains of £2 for cash and £3 for Three Months in London yesterday morning. This metal followed the uptrend in copper with short-covering and fresh buying taking Three Months up to £284 on the late kerb despite earlier partial setbacks under sporadic profit-taking. Aiso aiding the
      73 words
    • Article
      Copper
      262 4 COPPER wlrebars in London yesterday morning finished a shortened trading session showing gains of C 13.50 for cash and 12.50 for Three Months. The market was sharply higher on protective preholiday short-covering and chart-buying which took Three Months upto £695 per tonne during early ring dealings. The movement was
      262 words
    • Article
      Silver
      321 4 SILVER in London yesterday, showed gains of 1.1 to 0.7 pence reflecting the weaker trend In sterling against the US dollar and the rise in gold. But after trading upto 285.8 pence for Three Months in the pre-market, values fell back partially under profit-taking with this position closing the
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    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        473 4 BOTH the local money and forex markets yesterday were quiet in what appeared to be pre-hollday lethargy. Dealers reported deals were restricted mainly to covering of positions until early next week, Monday in the case of Singapore and Tuesday for the international market. The forex market saw little
        473 words
      • Article
        Asian $ rates
        167 4 Asian rates ASIAN currency deposit Interbank rules as at close on Mar 23 US Dollar* (Spot I Offer BU 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths .71/16 ..71/2 .73/16 .7 5/16 .7 11/16 .7 3/4 .713/16 615/16 7 3/8 71/16 73/16 79/16 75/6
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      • Article
        Discount
        48 4 RANGE of pr Ices offered by dlscour iiMTTSwxi'rrxi™ Overnight 3'-«% Call deposii Closing t 3(4% 3-Month Buying Selling Treasury bll U 3 1/4 3 1/8 3-Month Bank bills 4 13/16 4 11/16 3-Month CD 5 4 7/8 6-Month 5 3/8 S 1/4 Source: National Discount Co Ltd
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      • Article
        Eurobonds
        374 4 LONDON Eurobonds were mixed where changed In fairly light morning trading yesterday, ahead of the long weekend. US straights were mixed to easier with some Issues off by 1/8, mostly due to position squaring and cautious marking down. Convertibles continued quiet and steady although US issues softened in line
        374 words
      • Article
        London
        241 4 THE British pound fell to around $1.8925 from an early 1.8975/85 as operators sold sterling in a very thin market, producing a roughly one-half cent fall. Some dealers believed the operators were Swiss and noted the Swiss franc was Initially very firm here, around 1.9060/10 to the dollar before
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      • Article
        Minimum lending rates
        67 4 THE AVERAGE prime rate of banks in Singapore stands around 7 per cent, with the range running between per cent and 7'« per cent. Oversea-Chinese Banking Corporation is at the lower end of the range while a number of banks, including Citibank, are grouped at the top
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      • Article
        Hongkong
        119 4 YESTERDAY, the US dollar closed at 229.70/230.00 yen compared with 230.25/35 in New York in quiet trading. Dealers said It ended virtually unchanged against most other major currencies with operators reluctant to open fresh positions ahead of the Easter holiday period. The dollar was quoted at 2.0370/90 marks, at
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        Tokyo
        179 4 THE US dollar for overnight delivery closed at the postwar record low of 230.00 yen, down from a 230.30 opening, after Bank of Japan Intervention. The Bank bought an estimated $200 to $250 million at 230 yen during the day to check a further fall, dealers said. Trading was
        179 words
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        Euro $ rate
        115 4 Euro rate LONDON, Eurodollar deposit trading was quiet at the outset and dealers said it is likely to continue so through the session as most operators are square ahead of the long holiday weekend. Short dates are steady around Wednesday's closings. Some time-deposits were adjusted for technicalities. The Four Month
        115 words
      • Article
        Treasury Bills
        45 4 RESULTS of tender held on Mar 23 for 91-day Treasury bills to be issued from Mar 27 to 31: Offered: 530.000.000 Applied for: $102,900,000 Alotted: $30,000,000 Accepted bids: $99.20 approx 6%; higher bids In full. Average rate of discount on allotment 3.165% p.a.
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      • Article
        New York
        256 4 IN ANOTHER day of quiet trading ahead of the long Easter holiday, the dollar closed weaker against most currencies. After declining abruptly on rumours, later denied, that Egyptian President Sadat had been assassinated, the dollar generally drifted lower for the rest of the day. The only exception was
        256 words
      • Article
        Australia/NZ
        59 4 AUSTRALIA/NZ exchanges quotes on Mar 23 AUSTRALIA US dollar 1 1409/1 1361 Sterling 0 8037/0 5961 Ninety-day air mall buying rates Sterling 0 6182 US dollar 1 1709 Ninety-day forward buying rates Sterling 0 5961 US dollar 1.1394 NEW ZEALAND Sterling 0 5396/0 5369 US dollar 1.0270/1 0170 Ninety-day
        59 words
      • Article
        Zurich
        55 4 ZURICH exchanges closing quotes on Mar 22: U8 1 9230-9270 Starling 3.6519-6565 Can 1.7000-7114 D Mk 94 1320-2579 D Ft 87 9397-88.1116 FFr41.1609-3413 B Ft 6.0497-0597 D Kr 34 2222-2883 N Kr 35 8640-9347 8 Kr 41 6667-7551 Ut 0 2250-2253 Aus act! 13.0641-0666 Port 4 6723-7230 Bpaln 2.4075-4118
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        Frankfurt
        44 4 FRANKFURT exchanges opening quotes on Mar 23: US 2 0380/0400 Can 1.8110/40 Sterling 3 858/868 D F1 93 38/48 8 FT 166.90/107.20 Ut 2 38/39 F FT 43.90/44 00 N Kr 38 10/30 B Ft (con) 6.42/43 B Ft (fin) 6.41/42 Yen 0.8855/70
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      136 4 e o* c study with WblsevHall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC/GCE A Level MCE/SCGCE O Level London AEB GCE A' 'O' Levels Modern Mathematics for Teachers Foulks Lvnch IXJNDON Ass of Certified
      136 words
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  • TRANSPORT
    • Article, Illustration
      PRESENCE OF AKER GROUP BOON TO YARDS
      1011 5  -  By TERESA LIM SINGAPORE'S offshore industry may draw hope from the fact that, despite the very slow pick-up in Southeast Asian oil exploration, one of Europe's most important structural engineering groups has established a regional office here. The Norwegian Aker group established a
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    • Article
      Lock icon France wants tough sea safety laws
      350 5 AFP FRANCE is to demand tough new international maritime laws in the wake of the Amoco Cadiz disaster off the coast of Brittany. Environment Minister Michel D'Ornano said that France will push for the moving of sea lanes away from the coast and the
      AFP  -  350 words
    • Article, Illustration
      SHIPS IN PORT
      301 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Astra Peak (1600 after Vlshva Siddhl) 44 Oolden Globe (0600 after Cherry Bagus) 25 Hoso Maru (JKOW) (1700 after Woolgar) 19 Klmanis (1800 after Samulun) 20 Load Star (H3SX) (1500) 27/28 Nlaga xn (0700) 24 Ocean Supply (B. Barge) (after Cherry Villa)
      301 words
    • Article
      Lock icon Staffer penalties to check rebates
      202 5 UPI THE US House of Representatives has voted to stiffen penalties against shipowners who violate legally set ocean shipping rates by giving rebates to attract cargo. The measure, passed on a 390-1 vote on Wednesday ®nd sent to the Senate, would increase the present US$5,OOO
      UPI  -  202 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      179 5 AP TIME-chartertng provided the main Interest on Wednesday on a market where few single-voyage fixture details came to light. Liner companies were particularly busy in the time-charter field. In Europe, British and Commonwealth shippers booked the 14,850 dwt City of Exeter at £1,950 (558,775) a day for
      AP  -  179 words
    • Article
      Lock icon Plunge in merchant ships built last year
      687 5 AFP t THE WORLD crisis of marlf time transport, including oil tankers as well as other ships, caused world tonnage of merchant ships tiuilt last year to plunge by almost 20 1 per cent. Lloyds Register of, L Shipping notes in its annual'
      AFP  -  687 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      655 5 ARRIVALS Servic e Local Operator Number Time From KAL KE807 0015 SEL PAA PA005 0215 SFO/HKG CAL CI 331 0040 TPE/HKG/KUL MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL 0945 PEN/KUL MAS MH671 GIA BA
      655 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      365 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations m W n r. r- 4faK P ttWER WON Iv AnC AAljJli I v u< >/, *K Li) 1 //< <ui th bytttt .ifur r m»1*~ *g yy""^! H* B— KSS- '•-«j%;'r Ms®
      365 words
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  • Article
    None will criticise MAS again
    494 6 SOME commercial bonks In Singapore have Just gone through a short-lived, and premature, exercise in Increasing interest rates, which must undoubtedly have resulted In some red faces In their funding departments. Two and a half months ago, four banks raised their prime rates by V*
    494 words
  • Article
    Quite a difficult task for SSA
    223 6 THE Singapore Shipping Association (SSA) is making an admirable effort in its quest to form a national shipping body all by itself. There is some danger, however, that it may not be able to achieve all that It wishes. The Association must be careful
    223 words
  • Article, Illustration
    Lock icon NOT AN AWFUL LOT OF COFFEE IN BRAZIL
    1900 6  -  By CHAN BONG SOO IT IS an absurd paradox that the plunge In coffee bean prices some 59 per cent since early last year gives Singaporeans very good cause to sulk over their dally cups of coffee. When the commodity prices were
    Source: International  -  1,900 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      114 6 •>. if <- i /N^/ sinGapura FORUM gf HOTEL MS Orchard Road, S'pore t. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except
      114 words
    • Advertisement
      Page 6 Advertisements Column 2
      121 6 406/407 Havelock Road, S'pore S. Tel: 43JM1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get. together where Miss v Mareeka (from the Philippines) ®onny Bala The New Moonglows, Anna Mlna (from Japan) and Lolus Tan Limited 3 treat you to a lovely evening
      121 words
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      Page 6 Advertisements Column 3
      86 6 DAM4DA IYhotelA HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 Emperor's Room Try our most talked-about air-flown steak and our Indonesian speciality, Ikan Mas. A special International Buffet awaits your pleasure on every Sunday from 12 noon to 3 p.m. Adult $8/ 10% 3% Children $5/ 10% 3% Ramada Lounge
      86 words
    • Advertisement
      Page 6 Advertisements Column 4
      172 6 Cockpit ££oUI %H Oxley RiW Peun| Road, S'porc 9. Tel: *****1 Chanticleer Restaurant Discover Singapore's most exciting new restaurant Taste the most mouth-watering masterpieces of European cooking, prepared from only farm-freshest ingredients. Sip your choice of great wines and drinks In Chanticleer's unique olden days atmosphere. Make your own kind
      172 words
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      Page 6 Advertisements Column 5
      56 6 Road, B'pore 9. T«l: *****1 Hilton prewnti Detlef Kraut A Classical evening of Beethoven and Chopin Sonatas by Germany's foremost concert pianist presented in conjunction with the Embassy of the Federal Republic of Germany. March 29, 1978 8 p.m. Grand Ballroom $10 Inclusive per person For tickets please call the
      56 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      59 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Fair Report for 24 hours prior to 7.30 pm on March 23 at the airport. Maximum Temperature 33.2° C Associated Humidity Minimum Temperature 22.9° C Associated Humidity Hours of Sunshine Rainfall in Millimetres 2 2 Total Rainfall for the Month
      59 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      301 6 tv&radio SINGAPORE 5 Opening announcements followed by Cartoon Favourites Holiday Matinee Atlantis Starring: Anthony Hall, Joyce Taylor, Frank De Kova, John Dall International Soccer West Germany Vs Wales 0 The New Minstrels Show 0 Horizon The Amazing Doctor Newton 0 Ballet: Romeo and Juliet It's Lovely Day Tomorrow 0 Banyak
      301 words
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  • Article, Illustration
    Lock icon Uncle Sam, look at your bank statement
    1491 7  -  By ROBERT D. HERSHEY NYT BEING rich, someone once said, Is not having to balance your chequebook. If you overdraw your account, both you and the people holding your cheques know the resources are there. So why worry? It's a bit like that
    NYT  -  1,491 words
  • Article, Illustration
    STRAWS IN THE WIND
    565 7 A BEAUTIFUL but true story: a young Singapo-rean-Indian newly-wed, wife of a British soldier based near Bristol, UK, gave birth to her first baby, a boy. In England, far from home and just as far from any Hindu temple. Wishing to adhere to the Hindu tradition
    565 words
  • Article
    Lock icon A re-run of British misery in 1960s
    808 7  -  ®y EMMA ROTHSCHILD NYT TO SOMEONE who spent the 1960s In England, the decline of the dollar is like coming home. Memories of an English girlhood: life in a continuing currency crisis. As In the United States today, each morning brought bulletins from
    NYT  -  808 words
  • Article
    Lock icon Japan wants America to make the next move
    803 7  -  (FOBOMMMi [...on economics ■y THOMAS MULLANEY Mr. Mullaney is an economic specialist writing for the New York Times. NYT ON A television programme in New York last week, as the buying mission of prominent Japanese industrialists was nearing the end of a
    NYT  -  803 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      296 7 ss HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scotts Road, Singapore 9 Tel: *****1 HOTEL GRAND
      296 words
    • Advertisement
      Page 7 Advertisements Column 2
      20 7 832 Chabot NAPOLEON' \rmagnac i Ht .ill Armagnac&andy The original Armagnac brandy of France. Another qualify product from m m
      20 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      54 7 uexL—Tne gbue. it cm&ht Hftve. blown dcx**l O? THIS TORR£»4T.O I WIGHT HPvVe UftSMeO IT IT'S WPfIE PLRf<rtsO P sTill ft t*i?r Bornß ftrO S£KT *HE«.. (T SKsf V4KbM pri *n?feroo« nW r*vj hpmg. cp«usep •r -*t> oisfNPR&AP- Liftnili **vt> fissL«e... Ib t"«2pmejl MoftroLLV is f\ beirtß THING thrm TO
      54 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Electricals decline
      601 8 Tokyo Source: DBS-Daiwa MfiARE prices opened higher yjsterday reflecting Wednesday's bullishness, but turned lower centring on light electrical issues following the appreciation of the yen rate again on the Tokyo foreign exchange market. Matsushita group issues Including Matsushita Electric Industrial and Matsushita Seiko rallied, reflecting their strong tpslstance
      Source: DBS-Daiwa  -  601 words
    • Article
      Lock icon Hongkong
      424 8 Source: Sun Hung Kai Sec Ltd THE market opened on an exfWemely quiet note yesterday corning with the overnight fall on Wall Street, poor domestic ttade figures and the threat of profit-taking ahead of the Easter holiday overhanging the Bank opened at 15.50 ex "xne 47 cents final dividend
      Source: Sun Hung Kai Sec Ltd  -  424 words
    • Article
      Sydney
      313 8 THE market recovered to closed mixed yesterday after an early fall following news of the Australian ODP fall in the fourth quarter of last year, dealers said. BHP closed unchanged at 5.84 after a fall of two cents earlier, and the Bank of NSW was also steady, while the
      313 words
    • Article
      Bangkok
      149 8 MAS S Bahts Asia Fibre 201 •10 Bangkok Bank 381 -2 Bangkok Invest. 338 -a Bangkok-Metro-politan Bank Bata 800 -a Berll Jucker 484 -14 CarpetIntnl 370 -4 Charoong Thai Wire Dumex DusltThanl .150 -12 Faber Merlin First Trust 583 -3 Oenera Finance Indo-Thal Industrial Finance Corp 2965 -40 J
      149 words
    • Article
      Manila
      7 8 THE Manila market was closed yecterday.
      7 words
    • Article
      Selected indices
      63 8 FINANCIAL TIMES INDUSTRIALS Wednesday 462.0 Tuesday 486.3 Week Ago 453.9 DOW JONES AVERAGE INDUSTRIALS Wednesday 757.54 Tuesday 762 82 Week Ago 758.58 LONDON DOLLAR PREMIUM Wednesday 98 to 98w Tuesday 98 to 98W H.K. HANG SENG Thursday 438.53 Wednesday 435.27 Week Ago 417.83 SYDNEY INDUSTRIALS Thursday 393.40 Wednesday
      63 words
    • Article
      Prices retreat further
      1144 8 NEW YORK STOCK prices retreated further in active trading on Wednesday after an afternoon rally attempt failed. Analysts said the decline was an extension of Tuesday's sharp selloff. reflecting the market's disappointment over the aborted spring rally. Uncertainty about the outcome of the coal miners' vote on
      1,144 words
    • Article
      Toronto
      268 8 SHARE prices closed lower In moderate trading on Wednesday. yielding to weakness in New York. The composite index was off more than a point and nine subgroups declined. Oalns led losses 199 to IM. The gold Index was up about 36* points on higher bullion Drtces. Brascan "A" rose
      268 words
    • Article
      Jo'burg
      380 8 OOLD shares on Wednesday were firmer for the day following Initial New York Interest and higher bullion Indications. Trading was quiet and selected shares eased slightly towards the close. Financial minings were mostly harder in Ught trading. De Beers gained three cents to 570 after 575 earlier ahead of
      380 words
    • Article
      Shares end lower
      450 8 FA ROI'KAS MARKE'fc 4 PRICES In the European bourse* cloeed generally lover. Amsterdam prices closed lower In thin trading led by Hoogovens and Akso In Dutch Internationals. Elsewhere, major loeers Included KNBM. Nedltojrd, KLM, Helneken and VMP-Btor* with declines of about one guilder. Amev, Pakhoed and Blienkorf
      450 words
    • Article
      Amsterdam
      232 8 MAR 8 Fb ABN 345 50 -05 Ahold >00 50 +0.5 Akio 22 20 -0 3 AMEV 80 30 ♦0.8 Am fas 107 00 -1 Amrot Bank 74 50 -0 4 Bergoss 80 50 ♦0.5 Berk WOO 1 Bols 69 50 -0 2 BorsumlJ 13*50 -0 5 Burhmann 95
      232 words
    • Article
      Milan
      95 8 MAR a Lire Ante US -S Assoc Gen ***** -IS Baslogl 456 -14 Ontrale 3570 -80 Flat 2000 10 Finslder 78 ♦0.5 Gen Immob 78 -2 IFIPrl 2189 29 lulremenli ***** -130 llalgus 644 llalslder 133 1 MagntU M PI 394 ♦5 MarelUErc 173 -5.5 Medlob ***** unch Mlralanza
      95 words
    • Article
      Frankfurt
      222 8 MAR S Dm Aef-Telefunken 88 1.5 Akzo 20 90 Allz Leben 610 -1 Allz Vers 484 -3 BASF 139 50 -0.1 Bay H T Wbank 282 urvch Bay Vbank 314.SOB Bayer 139 40 -0 4 BBC 296 +0.5 BMW 224 50 Cassella Chem Verw 227 1.9 Commerzbank 230 -1
      222 words
    • Article
      Paris
      275 8 MAR a Frs Air-Liquid* BSNGmau I Hi none CSF (ThomsonCsl) Cle Francaise dnPrtnta ompagnie Financier* Cootpafnie Otnmlr Credit Fonder Dr France Hachett* < Limine) Machine* Bull Michelin (B) Paribas Pechlney Clglne Kuhlmann HMW> Citroen Philips (NvOem BrxUI Printemp*8A Rhone-Poulence SA Royal Dutch SuewCVe Finan Del Thomson-Brandt U si nor
      275 words
    • Article
      Zurich
      183 8 MAR 22 Francs Actions Suisses Alusulsse Br Alusulsse Reg Brown Boverl Br. Clba Geigy Br Ctba Getgy PC Clba Gelgy Reg. Credit Suisse Br Credit Suisse Re* Elektrowatt Br George Fischer Br Globus Pc Hero Br Hoffman-La Rochel/10 Holderbank Br Interfood Br Jelmoll Br Motor-Columbus Nestle Br Nestle Reg
      183 words
    • Article
      Brussels
      86 8 MAR a m FORWARD MAX! UT Ac*c M -4 Arbrd 2200 unch A*lur 53» 30 Bruiran 443 11 BruLamb 1424 Canp«c Cock JSC unch l»p Bfm 167 3 Ebr» 234J -39 Efcrtrotorl •090 -90 Ob-Inno-Bm iM5 10 Oe* 1344 Hobok 21(0 unch Priro 3860 -19 Ryl Dutch 1910 -9
      86 words
    • Article
      More share issues by French firms likely
      207 8 THE FRENCH government's election victory, and the sharp rise in Paris bourse prices which followed, is opening up new prospects for French companies to raise capital. Financial market sources said this will probably lead to ordinary share issues in the coming months, replacing
      207 words
    • Article
      London share options set for April trading
      442 8 LONDON'S new market in traded share options, to be launched shortly under stock exchange control, now seems likely to open on either April 21 or* a week later, on April 28. This means that the London venture will begin some two or three
      442 words
    • Article
      Lock icon Insider regulations
      126 8 Reuter THE US Bank regulatory agencies said they will step up their enforcement activities against violations of "insider" regulations although they have not found widespread abuses. The Federal Reserve Board, Federal Deposit Insurance Corp and Comptroller of the Currency were reporting to the Senate Banking Committee on a
      Reuter  -  126 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      330 8 Slow boat r I I feCf 1. IST -—w CHINA TRADE QUARTERLY Far East Publications RT 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. J Please forward
      330 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Energy conservation key to success at Dow Chemical
      1859 9 NORTH AMERICAN COMPANIES NYT FOR AMERICA'S most energy-intensive industry the chemicals the oil embargo of 1973 was a bad dream. For the largest user > of energy in the industry, the Dow Chemical Coml pany. it had all the earmarks of a
      NYT  -  1,859 words
    • Article
      Lock icon Nippon explains cut in payout
      203 9 ASIAN COMPANIES Reuter TOKYO: Nippon Steel Corp said a dividend rate cut for fiscal 1977, ending this .<• month is unavoidable due to a domestic steel demand slump. Its vice-president Taiso Imai said the dividend may have to be reduced to 6 per cent or
      Reuter  -  203 words
    • Article
      Zung Fu proposes 1-for-5 scrip
      87 9 HONGKONG: Zung Fu Co Ltd announced final 1977 dividend of HK3.5 cents (three) making a total of six cents (five). The company also proposes a one-for-flve bonus Issue. Books close on May 15 to 24. Zung Fu Is a 75 per cent owned Jardlne Matheson
      87 words
    • Article
      Lock icon Tokyu Corp seeks Aussie partner
      270 9 AP PERTH: Tokyu Corporation of Japan, now the sole owner of the Yanchep Sun City Development, will seek at least 50 per cent Australian equity participation in the project as soon as possible. It said in a statement that this was one of the conditions
      AP  -  270 words
    • Article
      Lock icon Manila, Taipeh cable link
      149 9 Reuter MANILA: Eastern Telecommunications of the Philippines disclosed that it had signed a memorandum to construct a submarine cable system linking Manila and Taipeh. A spokesman said the understanding with Taiwan's International Development Corporation was signed last week. The final contract had yet to be signed,
      Reuter  -  149 words
    • Article
      CPA SELECTS RB 211
      65 9 CATHAY Pacific Airways has selected Rolls-Royce RB 211 engines to power its Jong-range Boeing 747 airliners. They will have 50.000 lb thrust RB 211-5248 engines and will operate mainly on the airline's routes from Hongkong to Sydney, Melbourne and Tokyo. The airline has ordered one 747
      65 words
    • Article
      Lock icon BONDS AND LOANS AWC borrows to finance stocks
      152 9 Reuter MELBOURNE: The Australian Wool Corp (AWC) said It will borrow the US dollar equivalent of up to ASIOO million overseas to finance Its foreign wool stocks. The Chase Manhattan Bank will lend up to $40 million equivalent and a consortium of
      Reuter  -  152 words
    • Article
      Lock icon Trondheim issue
      48 9 Reuter FRANKFURT. The Norwegian city of Trondheim is issuing a 35 million mark 10-year Eurobond at per cent wim a par pricing, bond market sources said. The issue will be redeemable after seven years and has a nine-year average life. Lead Manager Is Dresdner Bank AG.
      Reuter  -  48 words
    • Article
      Tenneco
      55 9 HOUSTON: Tenneco Inc said it filed with the Securities and Exchange Commission for a proposed offering of US$2OO million debentures due 2003. The debentures will be non-refundable at a lower interest cost prior to April 15, 1988. and will have a sinking fund starting in 1989 to retire 93.1
      55 words
    • Article
      Lock icon BANKAM CORP EXPECTS ANOTHER GOOD YEAR
      248 9 Reuter BANKAMERICA Corp forecast in its annual report that 1978 will be another "good year" for its results and the US economy, but said the rate of domestic economic growth will be less vigorous in 1977. Bank America said with hank liquidity remaining high,
      Reuter  -  248 words
    • Article
      Lock icon Sears, Roebuck turns in record profit
      441 9 Reuter CHICAGO. Sears. Roebuck and Co.. the world's biggest retailer, reported record profits of US$B3B million on record sales of over $17 billion in fiscal 1977. which ended last Jan 31. It expects to improve its profit performance this year despite an anticipated slower
      Reuter  -  441 words
    • Article
      Lock icon Occidental offers shares
      89 9 Reuter OCCIDENTAL Petroleum Corp said it filed a registration statement with the Securities and Exchange Commission covering a pro Dosed offering of three million cumulative preferred shares to be offered at US$25 each. Occidental Petroleum said Kidder Peabody and Co Inc. Blyth Eastman Dillion Inc and Dean
      Reuter  -  89 words
    • Article
      Lock icon Marine Midland optimistic
      183 9 Reuter MARINE Midland Bank Inc.. which earlier this week i disclosed that the Hongkong and Shanghai Banking Corp. was seeking to acquire a significant equity interest, said it expects continued growth in profits this year. But it said in its annual report that profits would continue to
      Reuter  -  183 words
    • Article
      NY Telephone
      25 9 NEW YORK: New York Telephone Co said it plans to sell up to US$l5O million of debt securities on or about June 20.
      25 words
    • Article
      Lock icon Copper producers fare badly
      193 9 AFP THREE of the five leading 0 PP" Producers in the United States published unfavourable annual reports for last year a period marked by a fall in world demand for the metal and a drop In prices. Kennecott Copper, the No 1 producer which acquired the
      AFP  -  193 words
    • Article
      Lock icon CHRYSLER REVIVES PLANS
      73 9 Reuter CHRYSLER Corp said Ithas revived plans to convert Its Jefferson assembly plant in Detroit to produce light trucks, beginning hext autumn. Chrysler had threatened to scuttle the plan, complaining that proppsed government fuel efficiency standards would make the conversion unfeasible. > But now. Chrysler said modified
      Reuter  -  73 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      324 9 The first new idea in encyclopaedias in over 200years-Britannka 3. Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. (see below) r That s what makes it the most useable reference work >s ever developed. That's
      324 words
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  • Article
    Transacion in Singapore
    1522 10 otftr prices officially lined and business in and reported to the Stock ExI ye«terwith the number of »hown in brackets In IoU of 1,000 unlU specified. All Time Settlement Contracts X the world d eal (in lots f '22 0 unlU) are quoted after the letters 88.
    1,522 words
  • Article
    Unit trusts
    152 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Manager*' price far Mar 27) (Current pa rice*) The Commerce I 85 1.96 INCOME BOND 1.10 1.17 The Saving Fund 106 1 12xd S 'pore Prog Fund 0.86 0.91 MARA BUMIPUTRA FUND S'pore Security (Manager*' prion for Mar 24 Fund 1.70 1.80
    152 words
  • Article
    Transactions in Kuala Lumpur
    1643 10 BID and offer prices officially luted 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 nnlts unless otherwise specified. INDUSTRIAL* Aema (1.758) (2) 1.72. Aitaamata (2.358 2.493). Alaam (2.888 2.908)
    1,643 words
  • Article
    Government bonds
    292 10 4 3/4% 1/5/79 (250,000) (100 658) 5 1/4% 15/10/79 (250.000) (101 20B) 4 3/4% 15/9/80 (250.000) (99.758 99.905) (4) 99.85 5% T F 15/4/ HI <250,000) (101 80B) 5% T F 15/10/81 (250.000) (101.70B) 5% T F 1/5/83 (250,000) (100.15B) 7 1/4% 15/4/H6 (250,000) (100.GOB) 7 1/4% 15/10/86
    292 words
  • Article
    SHARE INFORMATION SERVICE
    2542 10 1977/1978 High Low Company Laat Safe +arGfr'a Qr'a Nat D*» D*r T"W P/E Cw V«l Day (*M6) Hick Law SECTION ONE INDUSTRIALS 170 280 230 262 88' 247 170 291 422 146 132 165 58 212 57* 155 144 182 350 91 Acma Alcom Allied Choc BaU
    2,542 words
  • Article
    CHICAGO BOARD OPTIONS
    1397 10 March 22 the Chicago Board Options exchange contracts on Wednesday compared with 98,355 on Tuesday. OPTION APL JLY OCT STOCK Alcoa 40 3/4 17/8 3 36 5/8 Alcoa 45 1/8 11/16 11/4 395/8 Alcoa SO UNTRD NOL NOL 36 5/8 Alcoa SO UNTRD NOL NOL 395/8 Am
    1,397 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      150 10 The Love of inese ooking n -r r < *ti -4 "V >* ;v,. f r r% Ml > a? *.c*/. -rriA *s rr _!L%MVfc''W w. i A, i ,v t 1 Kenneth U> Kann«th Lo, tha wail-known Chlnata roofcarw writer, introduce* the rwadmr to the tochnlouoa of China** cooking,
      150 words
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  • Article, Illustration
    Rubbers all traded in minus territory
    646 11 SINGAPORE MARKET sentiment weakened in moderately active trading on the Stock Exchange of Singapore yesterday. •.Investors' attitude towards trading was cautious ahead of the Easter holidays. Their stand was also partially affected by the sudden reversal in trend of the Dow Jones which headed
    646 words
  • Article
    Kuala Lumpur shares hit by profit-taking
    666 11 PROFIT-taking activities eroded prices at the Kuala Lumpur stock market yesterday as trading turned slightly cautious. Operators were generally hesitant and indecisive in view of the easier market conditions. This resulted in a smaller total turnover of 3.32 million units worth M 56.92 million
    666 words
  • COMPANY NEWS
    • Article, Illustration
      Brimful of good news from Carlsberg
      689 11  -  By ARTHUR NG MOVING smartly ahead for the fourth successive year, Carlsberg Brewery Malaysia has turned in another set of bumper profits based on its ability to capture a larger market share. For the year ended Dec 31, 1977, pre-tax earnings soared by 25.6
      689 words
    • Article
      KL Industries down in the dumps
      741 11 KUALA Lumpur Industries (KLI) has. after much prompting from its auditors, finally made some hefty provisions and writeoffs from Its balance sheet. The result, together with a massive extraordinary loss from sales of Investments, has thrown the group deeper Into the red and saddled
      741 words
    • Article
      Sime Darby judgement
      121 11 SIME Darby Holdings Ltd. said it is considering possible courses of action open to it following a Singapore High Court judgement this month reversing its 1973 acquisition of property company Golden Bay Realty (Pte) Ltd. The judgement, in favour of appeal by vendors of Golden Bay, provided
      121 words
    • Article
      DIVIDENDS ANNOUNCED
      535 11 Current Ex Books Date Total far Total for payment Date close payable the year previous yoar Wilkinson 16% Mar 14 Mar 30 Mar 30 24% 20% I'lu Benut 6%(d) Mar 13 Mar 23 Mar 31 6% 5% Taiping Consolidated 15%(n) Mar 3 Maris Mar 31 25% 30% Benta
      535 words
    • Article
      EAC (M) expets good response to first issue
      415 11 EAST Asiatic Company (M), the new company formed to undertake most of the Malaysian interest of the Danish multi-national, is confident that the first tranche of shares totalling 15 million units or 25 per cent of its equity will be successfully taken
      415 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      285 11 Mathematics and Statistics in Penguins 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 90 to statistics
      285 words
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  • Article
    Lock icon Tokyo's policy on intervention
    957 12 U.S. MUST TRY HARDER Agencies BANK of Japan Governor Ttilchlro Morinaga said the bank will continue its policy of Intervening in foreign exchange markets to curb Speculation. He also stated that the US should defend its dollar more seriously than at present, while Japan should make
    Agencies  -  957 words
  • Article
    UNDERWRITING BONDS
    89 12 THE Japanese Finance Ministry is considering permitting foreign underwriters to underwrite yen bonds issued by foreign borrowers on the Japanese capital market. International Finance Director Hiromasa Dan told the Upper House budget committee the ministry is taking into account the fact that Japanese securities companies are allowed to
    89 words
  • Article, Illustration
    Japan-EEC accord on wording of communique
    496 12 JAPAN and the European Common Market have reached basic agreement on the wording of a Joint communique to be issued after more than a week of tough trade negotiations in Tokyo. Foreign Ministry officials described the agreement as a compromise, which will allow both
    496 words
  • IN PARLIAMENT YESTERDAY
    • Article
      Estate duty exemption limit up
      123 12 A BILL seeking to encourage Singaporeans to own homes was passed yesterday. The Estate Duty (Amendment) Bill, 1978 was proposed by Finance Minister Mr. Hon Sul Sen. The exemption limit would be raised from $50,000 to $100,000 with effect April 1, 1977 and the rate
      123 words
    • Article
      Industrial land off Tuas
      91 12 MR. E.W. Barker, Minister for Law, the Environment, and Science and Technology, yesterday obtained from Parliament approval for the Jurong Town Corporation, as agents of the Government, to provide more land In the Tuas area for future industrial use. Mr. Barker said JTC proposes to reclaim
      91 words
    • Article
      Parliament adjourned
      57 12 PARLIAMENT was adjourned yesterday til) April 7. Yesterday's session saw the passing of the Supply Bill and the Supplementary Supply Bill, both Introduced by Finance Minister, Mr. Hon Sul Sen, to give legislative approval for the appropriations from the Consolidated Fund to meet expenditure in the financial year
      57 words
    • Article, Illustration
      Employment of NS registrants
      438 12 EMPLOYERS will no longer be prohibited from dismissing temporary employees who are Uable for full-time national service. This is contained in the Enlistment (Amendment) Bill which was passed by Parliament yesterday. Moving the Bill Dr. Goh Keng Swee, Deputy Prime Minister and Minister for Defence, noted
      438 words
    • Article
      A SAFER DEAL FOR INDUSTRY WORKERS
      343 12 INDUSTRIAL safety has improved over the past five years Mr. Fong Sip Chee, Senior Parliamentary Secretary to the Minister for Labour, told Parliament yesterday. Introducing amendments to the Factories Act, 1973, he added the number of industrial accidents however, remains high. "Based on the
      343 words
  • Article
    Lock icon US pollution rules hinder productivity
    513 12 NYT LAWS to reduce pollution and increase worker-safety, along with increases in dishonesty and crime, have sharply retarded business productivity in the US in the last decade. Mr. Edward Denlson, a senior fellow of the Brookings Institution in his research found that in 1975, the
    NYT  -  513 words
  • Article
    Lock icon Trudeau backs prices
    210 12 AFP NYT CANADIAN Prime Minister Pierre Trudeau defended higher energy prices to balance demand and supply Speaking to the Economic club of New York on Wednesday, Mr. Trudeau warned: "The era of cheap energy is behind us. We must therefore allow rising prices to constrain demand and
    AFP; NYT  -  210 words
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    LONDON STOCKS
    731 12 LONDON. Thurs. Stock prices closed lower In dull trading a£ead of the Easter weekend, dealers said. -At 3 00 p.m. the Financial Times Index was down 2.3 at 460 3 Government bonds finished V* lower In long dated bonds while shorts lost 1/16. Industrial leaders mostly lost a
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    Lock icon Current account deficit widens
    207 12 Reuter THE United States current account balance of payments deficit widened to a seasonally adjusted US$7.O3 billion (5516.2 billion) in the fourth quarter from $4.32 billion In the third quarter, the Commerce Department said. The deficit for 1977 was a record $20.21 billion, compared with a
    Reuter  -  207 words
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    Lock icon C'WEALTH TO MEET ON FUND
    87 12 Reuter COMMONWEALTH ministers concerned with the Commonwealth Technical Committee findings on a Common Commodities Fund are due to meet next month, Malaysian Prime Minister Datuk Hussein Onn told Parliament. Datuk Hussein, one of the heads of Commonwealth governments In Asia and the Pacific who met
    Reuter  -  87 words
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      287 12 attracted so many readers in its first year Because only The Journal gives people somuchof what they need to know in business. The Asian Wall Street Journal is the only regional publication that provides business news every business day. With the most comprehensive reportage of regional commerce, industry and finance.
      287 words
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    SHIPPING TIMES
    5835 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. T Contortion* SeuDikk hut Joint serrfct unnitneat
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    The Consortiums
    112 13 The major shipping consortium operating between the Far East/Europe and Straits ports/AQstralia, and the member lines. ACE (FAB EAST/EUROPE): Franco Belgian Services. •K' Line Korean Shipping Corporation. Neptune Orient Lines. Orient Oversea# Container Line ANBO BTBAITS/AUSTBA Australian National Uat Australia/Btralu Container Line. Nedlloyd Lines. Neptune Orient Lines. JUMBOUNE
    112 words
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      296 13 Scan Dutch V Fast and Regular Service To/From N.C. SCAN W. M ED. Every 10 Days. Singapore: Tel. *****, Port Keiang: Tel. *****1, Kuala Lumpur Tel. *****. Penang: Tel. ***** Qortfrrtir* L,neslnc (USA) 1 1 villi Trans-Pacific Service Full Container Service Tn USA FEEDER VSL SPORE VESSEL 26 3 SEATRAIN
      296 words
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      62 13 NOTICE m.y. "VISHVA SIDDHI" VOY: 22 arrived 20th March. 1978. at P.S.A. Godown No. 44 General Survey of damaged cargo ex the above vessel will be held above vessel will be held on Monday 27th March. 1978. as from 9.00 a.m. to 5 00 p.m. No further survey will be
      62 words
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      26 13 Nedlloyd Lines Regular Liner Services To/ From Ail Parts of the World. Singapore Tel *****. Port Kelang Tel. *****1. Kuala Lumpur Tel *****. Penang Tel *****
      26 words
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      731 14 SHIPPING Hapag-Lloyd FHUT CONTAINERISED TO EUROPE EXftESS CONVENTIONAL TO EUROPE S'pwt F.Ktiaa| Pw B'Lwu 'CjMMW MM (30/4) FULLY CONTAINERISED TO USA/CANADA Fm*> PHttanf SHft HK Man (mi H'burj Bhavtnßdani Atmp 13/5 11/5 1/5 6/5 11/4 24/4 22/4 20/4 ?M 9/5 8/5 3/5 S/5 11/5 22/5 15/5 17/5 22/5 2/6 4/6
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      815 14 I Q SANKYO LINE! AUSTRALIA SERVICE f. Kcianf Singapore loading for THREE STAR 29/31 Mar 27/21 Mar FREM. ADEL. MEL. SYD KYOSEIMARU 30/31¥ar 1/2 Apr FREM.AOEL.IiEI MAY SKY 30/31 Mar 1/2 Apr BRIS.SYD KYOTEN MARU 14/15 Apr IS/17 Apr ADEL. MEI, SYD BANGLADESH SERVICE MAY BREEZE 15/16 Apr 13/14 Apr
      815 words
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      556 14 SEA mLAND 40TH FLOOR. HONG LEONG BLDG 16 RAFFLES QUAY. SINGAPORE Customer Service Booking *****22 Terminal *****53 *****37 I r s y REGULAR RORO BERVIC Go one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS SEASPEED SEASPEED SEAS PEED SEASPf FD ft AcctptHll na Oubai Clip
      556 words
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      1045 14 Everett Lines/ Burms Five Stif Skipping C#rpn. "BURMESE NATIONAL LINE' HTANTAWTWA 30/31 MM HTONETWA 3/4 APR BfS S C Agents m Moloyvo TEPS MALAYSIA P Kelong T*l (38) 7355 Penong Tel *****/ ***** M ompanoa Argentina Ot bvanaann Itwciliiwttl S. A. C.I.F ARGENTINE NATIONAL LINE' LOADING FOR DURBAN CAPETOWN BUENOS
      1,045 words
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      684 14 lARDINI ANTAH f Orient Overseas Go4iicJMeALine FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S> P Htl.-i<t Solo* li*m H'bgrj Rdam Ml vessels call Brtmerhantn atttr Hambu'S FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) FULLY CONTAINERISED TO/FROM US WEST/EAST COASTS. PN* (STRAITS CARGO VIA FEEDER TO/FROM HONG KONG) 0. STATESMAN 111
      684 words
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      1237 15 OCL Overseas Containers Limited f\ cwttainersnip samcE to n/contihent: KWHI 24 Mar Mar 1« Apr II Apr 11 Apr (22 Aprs lj Apr Mm MARO 11 Mar I* Mar 1* Apr S Mr Mr H M> II Apr NAMOUK EXPRESS 5 Apr I Apr It Apr It Apr X Apr
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      1265 15 Ajartaervtx of Ben Ljne. Biuefljnnel den Une and NSMO TO UK CONTINENT (via tmi) S «P((KI P. K|l|>| Fenang Eurooe 1/ 4 Mr 13/15 Apr 11/11 A»r II May Bilbao. Amst. H bu't. Utl.i I ■pool. 17/10 Mr 70/71 Mr 1i Mat I'sooa. lei«es. Noll. 17/10 Mr 5/ May 1/
      1,265 words
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      1014 15 BEN LINE CONTAINERS [Hi H Bo»C 0 MAWN *MM HAVRE SOTO" S.npporp P. tlelant W. Ctrmwy Bene, ax franca /Ul U.I. I ScarW.nare l( MALIK MINI MAM UMUK EIMHS OSAKA lAT ■IHAVON 1< No If Mar IT Mar It Mar S Mr i A|i 1J Apr n Kr If Apr
      1,014 words
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      1017 15 r Scan Dutch *9 EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Feeder from P. Keianp Vessel FIANCESCA (turn t ratNccsct FRANC(SCt NINON 1 Nil OEllMt U 4 TBTtMi t lllltH t i IUHtNDIt 11 Ji tiiiu Ccmi tmlirti. lit.tn li Natrt, B.ltae. kasle l)R AarWs Capeakatea Hiisiati 4)
      1,017 words
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      699 15 GUTHRIE BOUSTEAD THK BANK LOCK LTD. loaos rat 111 africa OLIVE BANK MiUf.:.us Rf«n.on. Wbasa Tanga Beira. Darbair fI P I Capetown) Penang P Hfijn, |7 |t Mar SM" II ft X Mar KSTNM Mauritius. Reunion Curbar Mombasa Tonga D uliw 11 Pf Caceto.n Perang P tt/n s o t
      699 words
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      1038 16 B "K" LINE KAWASAKI DON KAISVA LTD. T nut cuniKna service ti tmm. nru s»uo S'port P. Kelarg L Havre Hlwrg Brunei I ggapfMUMOWT 31 IM» 1 Apr 21 Apr 21 Apr 22 Apr 23 11 Apr 31 Apr 2 May 3Mq 4 »c£?!S!£rL !L J>* 15 I** S "'Y
      1,038 words
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      1083 16 rte E.C.-#-SJUATUUme/QDLF SEJTfICE r 23 Ml ICWWB FttAtt CWTMMOS FM SJWL P. HUNK POttl r 4 Maj U- "WW. «W M« ORLEANS HOUSTON I]l S.i«w« P. UN k«M M i 17 *»> a!«': »-T »i. CHARM A (URSA 21 SCI) If/1| l|r It/29 Apr 21/12 Apr 23 24 Toivo E.
      1,083 words
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      928 16 NEPTUNE ORIENT LINES LTD r. hmh* CONTA, NERISED SERVICES: ro nam itu stut I'M Mite HONGKOW 11 Mar iT7 ORIENTAL CHIEF Aar II ki SEVEN SEAS MIOSE IS Apr it A* ORIENTAL RESEAtCHER 22 Air 2J |L CHEVALIER PAW. 21 Apr 21 Aw KEPTUNE CORAL 4 Mar 5 Mar 'HKONt
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      456 16 MI4YS/AM INTERNATIONAL SHIPPING CORPORATION BCPHAD I m- n. nt?44. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED CONTINENT/SCANDINAVIA 'P K»tmt V-<rfl UANCESCA Ml tEJIMA ELE4NORA TOTAM4 m*cisct a iohku Tar: $"[>w» I! If-Um J! 4) r,hut| Ml 10 4 71 4 14 4 4 4 M 4 1/ i 4/ 4 t
      456 words
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      613 16 INTRASEA (PTE) LTD F-.lbi" Hoi/Sf* 3-Jf j'< j.,iC Singapore Telephonf J-' Jb ll *****' REGULAR INBEPfUBtNT SERVICE T» S'pofc P. Maqt Prmitf I FIRM hM M AESIS BALTIC 13 A*r I Apr 17 A* M.V. LM VINAT tar n tar r. LM VIMAT Apr 71 tar 1 **"1* l 84.W
      613 words