The Business Times, 30 March 1978
1978-03-30
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The Business Times
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Title Section10 1978-03-30 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, MARCH 30, 1978 50CENTS10 words
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BRIEFLY...
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Article75 1978-03-30 1 Reuter BAHRAIN, Wed Saudi Arabia ha* forced Opec to postpone its meeting due to be held In Geneva next week to avoid a clash because of the declining US dollar, Informed oil sources said. Oil ministers of the organisation yesterday announced that the informal meeting scheduledReuter - 75 words
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Article54 1978-03-30 1 Reuter LONDON, Wed. The US dollar came under heavy pressure again today In another anxious spell on the European foreign exchange markets after It had fallen drastically in Tokyo earlier. It staged a mild recovery from Its earlier London lows today, but was still weaker than its openingReuter - 54 words
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Article36 1978-03-30 1 Reuter BRUSSELS, Wed. The Belgian bank rate will be cut by one-half per cent to 5.5 per cent from tomorrow, the national bank announced today. This Is the fourth reduction this year. Reuter.Reuter - 36 words
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Article82 1978-03-30 1 UPI TOKYO, Wed. Export contracts concluded last month by 13 leading Japanese trading firms recorded a comfortable gain but Import contracts dropped 15.3 per cent over a year ago due to the sluggish domestic economy. The Japan foreign Trade Council said the export contracts In February Increased 16.7UPI - 82 words
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Article59 1978-03-30 1 Reuter JAKARTA, Wed. General President Suharto today excluded minority parties from Indonesia's government for the first time In his 10year presidency and Increased military representation in the Cabinet to almost 50 per cent. He aiso announced that his newly-elected deputy, Vice-President Adam Malik would have supervisory responsibility forReuter - 59 words
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Article63 1978-03-30 1 AFP BANGKOK, Wed. The Thai Maritime Navigation Company, a government run enterprise, plans to buy four new 9,000 dwt ships at a total cost of about 330 million baht (Ss37 million). Once financing arrangements are made, the TMNC will call for construction bids, and if the Japanese buildAFP - 63 words
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Article51 1978-03-30 1 AFP MANILA, Wed. The Philippines will export a •total 100,000 tonnes of rice within the next two months and expects to earn US$32 million (Ss73 million). President Marcos revealed this today at a meeting of local exporters. Priority will be given to the Philippine partners In the Asean.AFP - 51 words
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Article70 1978-03-30 1 AP NEW YORK, Wed. The stock market pushed ahead today with the Dow Jones average of 30 Industrials rising 1.47 points to 176.31 shortly after the opening. Gains led declines two to one. Analysts said the market seemed to be ripe for some cautious buying after a week-longAP - 70 words
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Chief Price Changes
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Article127 1978-03-30 1 Rites Most active Syn Retina C Sugar* Eno Straiti Trading Sin Hen* Own 119 286 290 605 231 14 12 +11 10 +9 API SPPL Sin Chew High A Low 390,000 209.000 128,000 109,000 NSOP 362 +7 +7 Total Turnover: 2.98 m Taiping Textile 92 Total Value.127 words
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Article, Illustration171 1978-03-30 1 Rites Most active Oriental 4.24 C. Sugars 2.98 Esso Ord 2.98 Chin Teck 3.90 Town and City 1.04 Syn Resins 1.22 Toshiba 2.90 N.S.T. 3.76 Dunlop 4.56 .14 +.11 +.10 +.10 .09 .09 .06 .06 .06 AW 397,000 High b Low 295,000 C. Sugars 288,000 Syn Resin171 words
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Article878 1978-03-30 1 RONNIE LIM - PENICILLIN CAPACITY TO DOUBLE «y RONNIE LIM BEECHAM Is Investing a further $12 million in its Singapore plant under its expansion plan which will double production capacity to meet growing demand for seml-synthetlc penicillin. This will bring its total Investment here to $62 million and raise878 words
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Article220 1978-03-30 1 THE Malaysian government was yesterday urged to formulate and embark on a "bold and dynamic" new planting and replanting policy to encourage new investments in rubber under the Third Malaysia Plan. The president of the Malaysian Estate Owners' Association, Cheah Hock Khoon, said Malaysia should220 words
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882 1978-03-30 1 KSR AN ORGANISATION within which the left hand does not know what the right Is doing is not an organisation that would inspire much trust in the public. This appears to be the situation at the newly announced US$lO million (Ss23 million) Asia CapitalKSR - 882 words
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331 1978-03-30 1 PEACE in South-Mat Asia will be threatened if the conflicts in Indochina are not controlled. Hie Senior Minister of State for Foreign Affairs, Encik Rahim Ishak, said at the first Asean Public Relations Congress at Manila yesterday that a new situation has331 words
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604 1978-03-30 1 Reuter UPI THE US dollar suffered one of its most traumatic five hours in memory on the Tokyo foreign exchange market yesterday after plunging below the 225-yen barrier. The US unit, which has been battered by most other major currencies on exchangeReuter; UPI - 604 words
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Page 1 Advertisements
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Advertisement53 1978-03-30 1 Only The Best French Continental Cuisine are served! Lunch: 11.30 AM TO 2.30 PM Dinner: 7.30 PM TO 10.30 PM Nightly -r U 2 00 anl ,Ext- T,U mm y more than just good food Coffee House Restaurant Executive Lounge Nm Club Straits Trading Building (Bas«ment> 9. Battery Road. Singapore53 words
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Advertisement75 1978-03-30 1 Leader Page 6 (kbods SHIPPING TIMES DRAFT cod— tad tfiiriM for tjpnvil 2 ROLE of advertising nuMig 2 PEOPLE in txuineoa 2 NEED for Amu cargo eurUn f SOLAR energy far Singmpore FORUM on labour 7 CHERSONESE ikrlirti boni)i INTRA CO koopo op the pent MoK u A B 3^rrr75 words
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Advertisement158 1978-03-30 1 ■4 Sta> MOM I'wii I I) TO mm MM) 11 a 2 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 among158 words
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TRADE AND INDUSTRY
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516 1978-03-30 2 AP DESPITE optimistic crop forecasts, Indonesia may need a third of all rice traded on world rqarkets this year to bridge a widening gap between its consumption and production. Experts report that the main season crop In east Java, one of the country'sAP - 516 words
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Article, Illustration194 1978-03-30 2 THE Straits Group announces the following appointments in its shipping division: Captain J.A.C. MacGregor is marine superintendent with effect from Jan 28, 1978. He holds a Masters Foreign Going Certificate. As marine superintendent, Capt MacGregor will be responsible for professional standards of deck officers and crew, safety194 words
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411 1978-03-30 2 A PALM oil marketing expert advocated keeping the price of palm oil products competitive If its share of the total edible oils and fats market Is to be Increased. Mr. Colin Dunn, a marketing executive of the Hamburg-based Union Deutsche Lebensmittenwerke, one of the411 words
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Article200 1978-03-30 2 AN AMERICAN agricultural economist said that the Malaysian palm oil processing Industry should now concentrate on seeking a higher price for Its products overseas and finding new markets In Asia and Africa instead of simply expanding capacity. Mr Richard Todd, who recently completed a 15month200 words
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362 1978-03-30 2 PETER CHIA - By PETER CHIA THE STANDARDS Council of Singapore will meet on Friday to approve new standards and codes of practice and to study new programmes in standardisation. The council Is to approve 29 draft standards and codes of practice. In addition, nine international362 words
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336 1978-03-30 2 THE ADVERTISING Standards Authority of Singapore will be a consciencekeeper of the advertising industry in the future, bent on assisting and up-grading advertisements rather than a prowling policeman with a baton in one hand and handcuffs In the other. This was how its outgoing chairman Mr.336 words
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302 1978-03-30 2 THE South Koreans have set their sights on challenging Japan's dominant trade position In the Asean region. Although their trade with Asean countries show them running a two-to-one deficit, the growth in volume has been at a remarkable rate. Korea's Imports from Asean302 words
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Article87 1978-03-30 2 MCGRAW-HILL International yesterday ordered a real-time computer system from Oriental Data Systems, one of the exhibitors at Blsequlp. The system comprises a Data point computer, three visual display terminals and a printer. It will provide the company with a 20 million on-line character capability for real-time87 words
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Article63 1978-03-30 2 A NEW traffic flow system will be Implemented at Jardlne Steps, off Telok Blangah Road, from this Sunday by the Port of Singapore Authority. This is to cater to the expected increase in vehicular traffic resulting from the development of the Maritime Square, which consists of the63 words
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Article, Illustration397 1978-03-30 2 THE FUTURE of Asean Is In the hands of the private sector. This is the opinion of officials, journalists and businessmen in the region. According to Mr. John Loftus. editor of Presko, a monthly report on Asean developments, future progress of the397 words
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Article155 1978-03-30 2 DATE TITLE COURSES AND TALKS LOCATION ORGANISER Mar 28-30 Problem solving and prevention SIM Conference Room SIM Mar 30April 1 Factory work simplification SIM Conference Room SIM April 3-20 April 4 Industrial Relations US Tax Seminar Hilton American Embassy Personnel it Organisation Development American Embassy April 24May 11155 words
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Page 2 Advertisements
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Advertisement387 1978-03-30 2 This announcement appears as a matter of record only. The Nippon Credit Bank, Ltd. (Kabushiki Kaisha Nippon Saiken Shinyo Ginko) formerly The Nippon Fudosan Bank, Limited U. 5.520,000,000 Floating Rate Notes Due 1983 Daiwa Securities Co. Ltd. Chase Manhattan Asia Limited Citicorp International Group—Asia The Development Bank of Singapore Limited387 words
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Page 2 Miscellaneous
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Miscellaneous622 1978-03-30 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I A dropped catch by Dennis (5) 6 Many a restless feeling of "abandon" (5) 9 Among the first to become a ripe one (7) 10 Sudden move of a coquette (5) 11 The kind of meat for energy (5) 12 Figure a woman622 words
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OVERSEAS
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579 1978-03-30 3 Reuter AP GERMANY'S foreign trade surplus this year is expected to be at least 35 billion marks (5540.1 billion) compared with the 38.4 billion surplus recorded for 1977. Commerzbank said it expects a slight fall of the current account foreign trade surplus togetherReuter; AP - 579 words
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252 1978-03-30 3 AP CRUCIAL bargaining sessions between New York City officials and representatives of thousands of strike inclined city transit workers continued late Tuesday, while other negotiators tried to avert strikes at three daily newspapers in New York. Bargainers for 33,000 transit authority workersAP - 252 words
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423 1978-03-30 3 WITH one of the world's heaviest external debts, Pakistan is urgently seeking new terms from its creditors. "If we cannot persuade the rich nations to re-sche-dule some of the debt this year," Pakistan's, Finance Secretary, Aftab Ahmad Khan, said, "we shall find ourselves In423 words
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720 1978-03-30 3 NYT NEGOTIATORS for the United Mine Workers' Union and the industry group involving some 14,000 construction workers have reached agreement on a new contract. thus crossing the second major hurdle to full resumption of coal production in Appalachian and Midwestern states. But until thatNYT - 720 words
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Article158 1978-03-30 3 UPI THE Japanese government has ordered the country's fishing boats to halt operations in New Zealand's 372 km. fisheries zone effective April 1, it was announced yesterday. The order by the Fisheries Agency was radioed to an estimated 125 Japanese fishing vessels working in watersUPI - 158 words
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WORLD IN BRIEF
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Article518 1978-03-30 3 Agencies US SENATE Banking Committee chairman, William Proxmire, called for a cut In government spending of between 5 and 7 per cent of E resident Carter's US$5OO lllion (SSI. 15 trillion) fiscal 1979 budget. Sen. Proxmire said that only with accompanying spending cuts can Mr. Carter's proposedAgencies - 518 words
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Article357 1978-03-30 3 Reuter THE Vice-President of the EEC Commission, arrived In Lisbon on Tuesday tc: four days of talks on Portugal's application to Join the Common Market, lodged In Brussels a year ago. Mr. Lorenzo Natall said the Commission would give Its formal opinion on theReuter - 357 words
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Article191 1978-03-30 3 UPI RECENT announcements by seven major US banks that they are not making loans to the South African government are a "significant concession" but leave still room for lending to the South African private sector, the Committee to Oppose Bank Loans to South Africa (Coblsa) said onUPI - 191 words
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416 1978-03-30 3 Reuter REAL US spendable earnings fell by 0.2 per cent in February after a 3.1 per cent drop in January. Tne US Labour Department said average hourly earnings rose by 0.2 per cent in February, after a 1.1 per cent increase theReuter - 416 words
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948 1978-03-30 3 Reuter THE Swiss financial community is bracing itself for a political battle in which Switzerland 's leading banks could once more find themselves the centre of controversy over their business practices. On May 20. the Social Democratic Party's annual congress in BasleReuter - 948 words
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461 1978-03-30 3 Reuter THE 1977 financial figures for US national banks show continued recovery from the difficulties of the mid--705. The Comptroller of the Currency, John Heimann said in a statement that an analysis of the financial condition of the 4,700 national banks shows that loan lossesReuter - 461 words
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Page 3 Advertisements
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Advertisement121 1978-03-30 3 A luxurious and comfortable split-level Largest Hilltop Garden House in Thomson area GOLDEN HILL PHASE 5 ,y: w x HIL L TO?STOMf» :piit level [SEVI DE TACHEDj BUNGALOW L- .T< >M f T r >Pl 'I 1 f Vf i H HMA<" f MOUSf •LUXURY RTTHKS FREEHOLD LAND -UMN INSTALMENT121 words
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RAW MATERIALS
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Article395 1978-03-30 4 THE Singapore market closed quietly easier with April One RSS buyers quoted at 202.25 cents per kilo yesterday, down 0.75 cent on Tuesday's close. Dealers said the afternoon session lacked feature and levels sagged further In continued thin trading. Volume was Ught. The morning market ruled395 words
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Article30 1978-03-30 4 Rubber: March 29: Singapore: April 202.25 cenU (down 0.75 cent) Malayiia: April 204.00 cents (down 0.50 cent) Tin: 11,520 (up 18) Official offering: 262 tonne* (up 4 tonne*)30 words
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Article282 1978-03-30 4 Prices In centa per kilo yesterday Noon (per kilo) Close (par 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 00 202.30 203.00 196.00 197.00282 words
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Article85 1978-03-30 4 NOON SSR and SMR prices yertertay: RA8 (Cui Buyer* (cent Marek mat Mth) Seller* perk#) April (Forward Mtk) Buyer* Seller* (cent* per kg) SSR 20 SSR SO i(]-ton pallet) i(l-ton pallet) 182.50 190.50 194.50N 192.50N 193.50 191.50 196.SON 193.50N MRELB SMR 5CV SMRSL SMRS SMR 10 SMR85 words
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Article68 1978-03-30 4 C.I.F. US dollar* per ton. LONDON: f Malaysian 5S f fa bulk June Sumatra 5% f fa bulk March April May June July August iBMIiJ 568 sir 590 pd 835pd 625/630 pd 692.50 pd 578/589 pd 566 pd PTIIIWH 568 air 500 pd 617.50 pd 605 pd 57Spd68 words
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Article184 1978-03-30 4 TERMINAL sugar In London yesterday was £1.25 to £0.35 higher at the first call and continued to strengthen in open trading on commission house and possible stop-loss support. Dealers said sentiment was influenced by New York world sugar market sources saying Colombia on Tuesday sold 12,600 tonne raw sugar184 words
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Article383 1978-03-30 4 PEPPER prices fell again on the Singapore produce market yesterday after a feeble attempt at rallying the previous day. Except for Sarawak special black, which remained unchanged at $245 per plcul f.0.b., the rest of the pepper grades lost $5 per plcul eachln the face of lower selling383 words
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Article228 1978-03-30 4 SILVER finished in London yesterday morning with all round losses of 0.7 pence per troy ounce. The overnight trend at New York and easier gold prompted profit-taking down to 290.2 pence for Three Months although the relatively steady bullion dealers' fix helped hold values In later ring dealings. On228 words
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Article164 1978-03-30 4 THE sugar market closed firmer In quiet trading yesterday, with six lots traded against four on Tuesday. Only July and October deliveries were traded, which rose 0.26 and 0.37 US cents respectively. The Hongkong dally spot sugar price rose 0.10 to 7.70 US cents. Sugar futures prices: Previous164 words
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Article113 1978-03-30 4 IN HONGKONG yesterday, the market was higher with prices up to $3 firmer. Dealers said turnover totalled 492 tonnes comprising Thais 182, Kwangtungs 213 and Australlas 97. The only arrival was 450 tonnes of Kwangtungs. (AH prices in HK dollars per picul exgodown unl«ss stated): Tfcal While: 100 pet113 words
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Article199 1978-03-30 4 YARN and cotton in Hongkong dollars spot ex-godown: Cotton Yarn: China Blue Phoenix 20 s unq. 32 s 2.030. 40's 2.180 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq, (per199 words
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Article151 1978-03-30 4 SOYBEAN futures In Chicago closed around the days lows on Tuesday, off nine to 2'/* cents. Prices fell Initially on local and commission house liquidation as traders evened up positions to await word from Brazil on the meeting to assess the soybean crop. But prices found support and firmed151 words
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Article204 1978-03-30 4 COCOA future in London yesterday were easier against New York at the first call by £20 to £8 per tonne but staged a partial rally in open trading on miex short-covering support. The sources reported good sales by most origins on Tuesday including Brazil although associated terminal hedging was204 words
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Article248 1978-03-30 4 THE Straits tin price In Penang rose MsB per picul to 11.520 yesterday. Values continued higher following the steadier conditions in London on Tuesday and renewed buying demand for Japan and the US after Its long closure, dealers said. Turnover Increased to 282 tonnes from 258 tonnes on248 words
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Article247 1978-03-30 4 ROBUSTA futures in London yesterday ended the opening call barely steady but £39 to £14 up from Tuesday's close. Spot March gained £39 on technical considerations ahead of Friday's expiry. Elsewhere dealer covering together with some commission house support based on chart factors extended Tuesday's upward movement. Dealers said247 words
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Article154 1978-03-30 4 WHEAT futures in Chicago on Tuesday continued an opening decline to trade four to 2-3/4 cents a bushel lower after the first hour. Local selling in response to the opening weakness in soybean futures put prices under pressure and the losses extended on commission house stop loss selling. Firmer154 words
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Article424 1978-03-30 4 Reuter THE US Senate subcommittee on stockpiling is apparently considering legislation which may permit the purchase of 150,000 short tons of copper in fiscal year 1979! Government sources said the sub-committee might also recommend the purchase of some copper during the current fiscal year,Reuter - 424 words
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Article446 1978-03-30 4 COPPER wire bars finished In London yesterday morning showing all round losses of £6 per tonne. Dealers said values fell bock from Tuesday's higher levels under profit-taking Kmpted by lack of fol--through at New York, the action of most US producers to settle their cathodes price at #4 cents446 words
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Article62 1978-03-30 4 ZINC at the end of morning ring dealings was £0.75 down for cash and £1.75 per tonne lower for Three MonUu in London yesterday. However, hedge buying, halted the decline and this, coupled with recent European producer cutbacks which are still underpinning the market, saw Three Months rally to62 words
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Article421 1978-03-30 4 IN SINGAPORE yesterday, the kilobar opened lower at 5513,665, down from the previous closing of $13,728. It then drifted to as low as $13,622 before recovering to close at $13,666 In quiet trading. In London, the metal opened at U*****.70/183.00 and. fluctuated within a range of 60 cents before421 words
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Article63 1978-03-30 4 LEAD ended in London yesterday the morning ring £1.25 per tonne higher for both cash and Three Months. Market sources said an easier trend developed during early dealings in line with copper and profit-ta-king pushed Three Months down to £313 per tonne. However, the lower levels attracted fresh buying63 words
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MONEY AND EXCHAN
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Article489 1978-03-30 4 irit, ioreign excnange market yesterday saw the yen appreciating against the dollar to hit an all-time high. Opening at the 222.70/90 level to the dollar, the Japanese unit was gradually traded up to its all-time high of 220.70/00 Just before Tokyo closed. When London opened in early afternoon,489 words
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Article81 1978-03-30 4 W TH the prim® rate cut to 7 per cent by DBS and Citibank, virtually all banlu in Singapore are now offering the same terms to their best cuatomera. Oversea-Chinese Banking Corporation atill maintains ita 6 4 per cent while only Chartered and United Commercial Bank are81 words
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Article170 1978-03-30 4 Asian rates ASIAN currency deposit interbank rales as at close on Mar 29: 1/8 Dollan (Spoil Offer Bid 7 days 71/4 71/8 1 inth .71/4 7 1/8 2 mths 7 1/8 7 3 inths 7 1/2 7 3/8 6 mths .7 13/16 711/16 9 mths 7 15/16 713/16 12 mths170 words
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Article59 1978-03-30 4 Euro rate LONDON Eurodollar deposit* opening quote* on Mar 29 Overnight 7-3/18. 7-1/16 Thurs/Frt 20-1/2. 20-3/8 Weekend 2-7/8. 2-3/4 Call two days 7-3/18. 7-1/18 Seven day* fix and notice 7-1/4. 71/8 One and two mths 7-1/4. 7-1/8 Three and four mths 7-8/16. 7-7/18 Fl»e mths 7-11/18, 7-8/18 Six mths 7-13/18.59 words
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Article48 1978-03-30 4 RANGE of prices offered by discount houses on March 29: Overnight 1/8 3%% Call deposits: 3S.H Closing Buying Selling 3-Month Treasury bills 31/4 3 1/8 3-Month Bank bills 4 13/16 411/16 3-Month CD 51/16 4 15/16 6-Month CD 5 5/16 5 3/16 Source: National Discount Co Ltd48 words
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Article47 1978-03-30 4 FRANKFURT exchanges opening quotes on Mar 29: US 2 0285/0305 Can 1 7810/30 Sterling 3 815/830 DFI 9145/55 8 Fr 107 75/95 Ut 2 368/378 F Fr 43 87/44 02 N Kr 38 20/30 B Fr (con) 8.415/435 B Fr (fin) 6 42/43 Yen 0 9130/5047 words
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Article146 1978-03-30 4 YESTERDAY S US dollar closed lower on balance but above the day's lows in confused nervous trading following Its steep fall in Tokyo. Dealers said most business centred around the yen and mark with the dollar closing at 221.70/ 222 10 yen compared with 221. (JO in Tokyo and146 words
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Article253 1978-03-30 4 TUESDAY'S dollar closed firmer, although off Its best levels of the day, against most currencies in moderately active trading. Dealers said the dollar was aided by a smaller than expected rise in US consumer prices in February, as well as some profittaking in the Swiss franc and mark253 words
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Article194 1978-03-30 4 SELLING pressure on the dollar resumed in opening trading here yesterday after the dollar showed fleeting signs of steadiness in tentative early quotes against some major currencies. The yen's sharp advance in Tokyo, where it torched a record post-war high of 220.70 before closing at 221.60 per dollar, was194 words
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Article168 1978-03-30 4 THE US dollar for overnight delivery closed at 221.60 yen yesterday, a post-war record low closing rate, compared with a 224.00 opening. No Bank of Japan intervention was detected after it bought ajsmall amount of dollars initially, dealers said. Trading was active with volume $512 million. After opening sharply168 words
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Article285 1978-03-30 4 Straight* Bid Offer FFI Stg 9't 87 #7.37 98.12 Courtaulds slg 9 l #5.50 96 25 ElBstg9'4 92 97.37 98.12 Flsonsstg 10'4 87 100.25 101 00 1nc992 97.50 98.00 IncoB% 84 97.25 97.75 Sparbankernas 8% 97.50 98 50 90 96.82 97.12 SNCFB'< 84 9ft o<| 99.50 KlBB'iBB 96 75285 words
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Article53 1978-03-30 4 AUS I kALIA/NZ exchanges quotes on Mar 29 AUSTRALIA: US dollar 1.1448/1.1400 Sterling 0 8095/0 8026 Ninety-day air mall buying rates: Sterling 0.6243 U8 dollar 1.1748 Ninety-day forward buying rates; Sterling 0.6088 US dollar 1.1432 NEW ZEALAND Sterling 0 5454/0.5425 US dollar 1.0304/1.0204 Ninety-day airmail buvtng rates Sterling 0.555953 words
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Article79 1978-03-30 4 ZURICH exchange* closing quotes on March 28: US 1.8745 8785 Sterling 3 5282 5329 Can 1 «M 1 6864 O Mk 92 4994 6438 D Fl 86 4821 6343 F Fr 40 3087 4854 B Fr 5 9395 9515 D Kr 33 6354 8801 N Kr 35 3946 442479 words
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Article57 1978-03-30 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for a total of Bs3o million, 91 -day Treasury bills to be issued from April 3 to 7 and a total of $20 million, 182-day Treasury bills to be issued on April 4. Each tender57 words
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Page 4 Advertisements
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Advertisement176 1978-03-30 4 WOLSEY HALL'S PROFESSIONAL and BUSINESS COURSES direct from FEDERAL PUBLICATIONS HOME STUDIES DIVISION PROFESSIONAL EXAMINATION COURSES Institute of Administrative Management Institute of Bankers Institute of Chartered Secretaries and Administrators (Courses for the new 1975 examination syllabus available soon) Institute of Statisticians I BUSINESS COURSES An Introduction to Business Studies Business176 words
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TRANSPORT
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680 1978-03-30 5 WONG WAI LIN - »y WONG WAI LIN ASEAN nations should jointly strengthen their air and sea freighting facilities to ensure a fare share of the region's cargo traffic. This was the suggestion made by Malaysian Communications Minister, Tan Sri V. Manickavasagam, at the opening of the680 words
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Article, Illustration129 1978-03-30 5 THE NYK Line last month took delivery of a new car-carrier, Jingu Mam (above), which is capable of handling 4,000 cars. Built by the Japan Sea Heavy Industries, the carrier has 12 decks for passenger cars, buses, trucks and other vehicles. The crew quarters and the129 words
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Article, Illustration402 1978-03-30 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cherry Vllja (B. Barge) (0900 after Ocean Supply) 48 Eidal Maru No. 1 (0600 subject freeboard) 29/30 Ocean Supply (B. Barge) (after Cherry Vllja) 48 Straat Nagasaki (0600 after Straat Nagoya) 3/4 Vlshva Tarang (1500 after Treasure) 33/34 Yamateru Maru (1900) 25/26402 words
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Article175 1978-03-30 5 AP NORTH American grain and Caribbean sugar provided the main singlevoyage interest, while the US Gulf and Japan featured as the principal centres of time-charter business on the London freight market on Tuesday. US Gulf grain rates held on to the recent improvement, as evidenced by two AprilAP - 175 words
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Article50 1978-03-30 5 AP CESSNA Aircraft Co., citing incidents of engine failure, is launching a programme to repair and replace engines for all 1977 and 1978 models of its single-engine Skyhawk. There are 3,700 of the aeroplanes, the firm's biggest seller, costing from U5524,000 to $26,700 each (5555.200 to $61,400). AP.AP - 50 words
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776 1978-03-30 5 SHIPS are queuing up at Kaohsiung, Taiwan, to die as the tanker recession brings the customers rolling into the world's biggest ship-breaking centre. Shipping tycoons, hard hit by falling world demand for oil, are scrapping tankers at an increasing rate and it Is776 words
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483 1978-03-30 5 AFP SELECTIVE government action may well be unavoidable if the shipping slump is to be ended sooner than what pessimists have forecast, Hongkong shipping magnate Y.K. Pao warned yesterday. He admitted that the slump is as severe as it is universal and may last aAFP - 483 words
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Article219 1978-03-30 5 Reuter CHAIRMAN of the Lockheed Corp, Roy Anderson, said the US aerospace industry has a good future both in the near and long term. He said the outlook for the Industry stems from the great potential of commercial aircraft sales, the Increase in military expendituresReuter - 219 words
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Article101 1978-03-30 5 Reuter MEMBERS of the East Asia/ West Africa (i.e. Nigeria/ Senegal range) Freight Conference say berthing delays at Tema near Accra, Ghana, are now over 30 days. There are 10 berths at the artificial harbour for larger ocean-going vessels and an oil berth serving the Ghalp refinery atReuter - 101 words
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Article64 1978-03-30 5 AFP A GRKKK OWNED 19.000ton ore carrier registered in Cyprus will not be allowed to leave the French Atlantic port of St. Nazaire until needed repairs have been carried out. said the local seamen's union. The ship, is there to unload a consignment of phosphates. It has aAFP - 64 words
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Article751 1978-03-30 5 ARRIVALS Service Local Operator Number Time Fran MAS MH601 0715 KUL MAS MH682 0610 KCH SIA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL GIA GA980 1030 HLP 1 CPA CX710 1035 HLP SIA SQ103 1045 KUL SIA SQ209 1045751 words
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Page 5 Advertisements
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Advertisement166 1978-03-30 5 UrX > mm 4 More than just large, frilly masses of tropical lavender orchids are a 30,000-member family of incredible diversity, spread over the globe from the sub-Arctic regions to tropical South-east Asia. They employ an astonishing range of techniques in pollination, bloom for as short a time as five166 words
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Article408 1978-03-30 6 NOTHING works by ltaell. Similarly, Export Credit Insurance Corporation of Singapore (SCICB) cannot be expected to draw up completely successful export credit schemes unless there Is cooperation from the exporters themselves. There have been complaints that the credit Insurance company is restricted In payments when, In408 words
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Article379 1978-03-30 6 FOREIGN manufacturers In Singapore have often been lauded for their contribution to the Republic. Some have been commended for creating employment while others have assisted In the transfer of technology. When seeking and developing export markets become Important, as Is the case now,379 words
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Article, Illustration2445 1978-03-30 6 SIVA ARASU - By SIVA ARASU "LET THE SUN SHINE IN:" fcas leitmotif of the musical, "Hair", and it is apparent that the Age of Aquarius may yet dawn amid the light generated by solar energy. People all over the world are now2,445 words
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Page 6 Advertisements
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Advertisement587 1978-03-30 6 CM Orchard Rood, S'pore 9. Tel: *****2 406/407 Havelock Road, S pore 3. Tel: 433*1 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 Daily (except Sunday) open till587 words
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Page 6 Miscellaneous
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Miscellaneous62 1978-03-30 6 iWEATHER WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 p.m. on March 29 at the airport. Maximum Temperature 32.3° C Associated Humidity 69 Minimum Temperature 24.2° C Associated Humidity 98 Hours of Sunshine 5 Rainfall in Millimetres 48.5 Total62 words
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Miscellaneous288 1978-03-30 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly HHlbiflles" War Of The Roses (Repeat) 0 3.30 Diary Of Events (Chinese) 3.35 Eight Heroes Of Shou Lin (Repeat) with English subtitles A Mandarin drama serial 4.20 Intermission 6.00 Opening announcements followed by Lassie Rim Of Disaster (Pt. 1) 0288 words
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Article, Illustration888 1978-03-30 7 ROY HODSON - By ROY HODSON FT THE BRITISH government has started to take seriously within the last few months the idea that an important contribution can be made to the nation's future energy supplies from Its renewable sources. Wind power, wave power, and theFT - 888 words
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Article397 1978-03-30 7 THE "Beeb" or British Broadcasting Corporation (BBC) has Indirectly taken the wind out of the sails of local defenders of "The True Tongue," (i.e. "standard" English as spoken by the men at the Beeb) against the onslaughts of "SingaporeEnglish." The BBC has finally come out in397 words
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Article1037 1978-03-30 7 JOHN BRACKEN - FORDH w ...on labour •r JOHN BRACKEN The distaste of Singaporeans for certain kinds of jobs has its parallel in Europe; and in both places, the solution has to some extent been the importing of foreign labour. But what happens in times of economic recession, overshadowed1,037 words
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Page 7 Advertisements
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Advertisement320 1978-03-30 7 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 CENTRAL320 words
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Page 7 Miscellaneous
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Miscellaneous80 1978-03-30 7 BriStdW HCLto cleaning VIPSS Bfc£M fiosy «Xu -tJddMJba***- *Mjy ±**t*s «fiua 7rir^*rs2i 4r< AkjL MKA*** j AJjC b cUU V >tArf«4- piUrt- sC+**.. W di. 7.i.i. X» A^mAiK 4*. -w. AtMu'. -wuAi. -fiwv -»v*v> W -sUi. 7. *.i. X» x^ua/- ZtrrthM- *A Ow«*«4. -*A. W -ftwrv -rwv> -ftrrt c/K** 680 words
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INTERNATIONAL STOCK MARKETS
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Article561 1978-03-30 8 Tokyo Source: DBS-Daiws DESPITE tightened margin restrictions, the Dow Jones average continued to rise yesterday, following Tuesday's gain, to an all time high topping Y5.400 on heavy trading. Heavy-duty electrical issues such as Hitachi and Mitsubishi Electric, and Iron and steel issues including Nippon Bteel,Source: DBS-Daiws - 561 words
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Article376 1978-03-30 8 Source: Sun Hung Kai Sec Ltd ALTHOUGH the market opened on a quiet note again yesterday, the undertone was firm following the 40 per cent Improved profits from Hutchison's subsidiary A.S. Watson and 34 per cent Improved profits from the shipping company Grand Marine. Prices then picked up InSource: Sun Hung Kai Sec Ltd - 376 words
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Article349 1978-03-30 8 THE market closed higher yesterday with BHP rising 14 cents to A 15.74, the Wales two to 5.08 and ANZ two to 2.02. Dealers said CSR rose six to 2.50, Elders two to 1.90, Pancontlnental 46 to 9.96, MIM three to 1.75, Peko six to 5.60, CRA four to349 words
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Article161 1978-03-30 8 THE market closed mixed yesterday with minings higher, commercials declining and oils firm, dealers said. Turnover dropped to 3.52 mlHlon pesos from Tuesday's 5.97 million. Atlas rose two points, Lepanto one and other mining issues had small gains, on higher metal prices. Phil Overseas lost one point but Basic161 words
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Article148 1978-03-30 8 MAR a Bah is Asia Fibre 255 ♦5 Bangkok Bank 381 unch Bangkok Invest 350 ♦6 Bangkok-Metro-politan Bank Bala aoo +5 Berll Jucker 456 unch Carpet Intnl Charoong Thai Wire 322 -56 Dumex DusitThani 350 4-14 Faber Merlin First Trust 304 -63 Oenera Finance 351 4-1 Indo-Thal Industrial Finance148 words
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Article85 1978-03-30 8 Reuter TOKYO: Nippon Electric Co Ltd (NEC) said It has developed an advanced version of a voice data Input terminal, which can Input data In a computer through a microphone, Instead of a keyboard. The system, dubbed DP--100, which Identifies up to 120 voiced words, will be offeredReuter - 85 words
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1218 1978-03-30 8 New York INSTITUTIONAL Investors moved in on some recently depressed high quality Issues, helping stock prices finish with a solid gain after a four-session slide. Trading was active. Analysts said the market was also cheered by a smaller than expected rise In February's consumer price1,218 words
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Article258 1978-03-30 8 Share prices closed broadly higher In busy trading as the composite Index, up more than seven points at 1052.7. reached Its highest closing level since Dec 30. 1977. The metals and comooslte sub-groups posted their largest single day advances since March 10 Management companies was the only falling Index.258 words
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Article63 1978-03-30 8 FINANCIAL TIMES INDUSTRIALS Tuesday 480.1 Monday Closed Week Ago 488.3 DOW JONES AVERAGE INDUSTRIALS Tuesday 758.84 Monday Closed Week Ago 782.82 LONDON DOLLAR PREMIUM Tuesday 98% to 97% Monday Closed H.K. HANG SENG Wednesday 446.41 Tuesday 443.81 Week Ago 435 27 SYDNEY INDUSTRIALS Wednesday 394.57 Tuesday 392 9263 words
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Article404 1978-03-30 8 FA l:< >!'!■:,l.Y m. 11; Kir is L A MOST European bourses closed lower and mixed. Share prices fell In Frankfurt In quiet trading amid continued concern about the dollar and the metal workers' dispute In North Wuerttemberf-North Baden, dealers said. Average losses ranged up to around404 words
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Article241 1978-03-30 8 MAR IB Fls ABN 346 SO 4-0.5 Ahold 99 50 -0.5 Akio 22 00 unch AMEV 80 00 +0 1 Amfas 105 70 -0.3 Amrot Bunk 72 80 ♦0.4 Hergoss 57 50 unch Berk 97 00 -2 Bols 69 90 +0.2 Horsumij 140 50 +0 7 Burhmann 64 80241 words
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Article289 1978-03-30 8 MAR Frs ORBF.ILLE Air-Liquids 275 +4 9 HS N(lervaU lkinone 415 -5 C'SK ThomsonC>f» 188 50 4-1.4 Cie Franca tse rti~» ivi roles 116 4-1 CompaKnle Fuianclere Compatible Ornrfalf 337 ♦7.2 rwlii Fonder De France :<24 4-1 Hachette il.ihrainel 172 unch Machine* Bull 32. M 0 3 MichelintBl 1325289 words
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Article1584 1978-03-30 8 March 28 CHICAGO Board Options Exchange volume came to 91,075 contracts on Tuesday compared with 93,422 on Monday. OPTION APL JLY OCT STOCK Alcoa 40 15/16 2 3 1/4 40 1/1 Alcoa 45 1/10 3/1 1 40 1/1 Alcoa 90 UNTRD NOL NOL 40 1/1 Alcoa 601,584 words
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Article92 1978-03-30 8 MAR Frs FORWARD MARKET Ai*C 216 ♦3 Arbed 2170 -10 Astur 520 -28 Bra scan 464 -1 Bru-Lamb 1426 I'anpac 485 -2 Click 366 19 I> Heers 168 ♦2 Ebes 2340 -10 Elect rohel 6100 •unch Gh-Inno-Bni 1900 20 U«*» 1270 ♦8 Hobok 2180 unch IVlro 3825 ♦5 K\92 words
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Article184 1978-03-30 8 MAR Francs ArttonsSuisses 268 -2 Alusuisse Br 1240 +20 Alusuisse Reg 550 ♦8 Brown Boverl Br 1640 -10 Ohst Ofl«y Br 1215 ♦5 libit Gelgy PC MOB Ciho Oelfy Reg ('mill Suisse Br 655 unch 2365 20 Credit Suisse Reg 456 4-1 Klektrowall Br 1630B George Fischer Br 670184 words
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Article217 1978-03-30 8 MAR Dm Aef-Telefunken 89 20 4-0.2 Akzo 20 50 -0.4 Allz Lf ben 619 unch Allz Vers 485 1 BASK 138 80 -0.7 Bay H T Wbank 281B Bav Vhank 314 Bayer 138 80 -0 6 BBC 295 -1 BMW 223B I'assella Chem Verw 227B ("ommerzbank 229 80 -0.2217 words
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Article299 1978-03-30 8 MAR 28 Rand 4V-' INDUSTRIALS 1 A Alpha as unch Abercom 150 uncn AE And CI 215 unch AM1C 800 unch Barlows 333 +3 Cg Sugar 570 -10 CNA 115B unch Currie Finance 62 De Beers Ind Edcon 170 ♦5 Edgars 2000B Eveready 160 unch Fed Volk 135 unch299 words
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Page 8 Advertisements
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Advertisement239 1978-03-30 8 Mathematics and Statistics in Penguins Statistics in Action: Peter Sp rent 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 to239 words
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INTERNATIONAL COMPANY NEWS
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Article125 1978-03-30 9 NORTH AMERICAN COMPANIES Reuter UAL Inc said it will have to raise from external sources about one third of the estimated US$9 billion (Bs2l billion) for Its United Airlines subsidiary and related equipment. In its annual report, UAL said United, with cash and temporary InvestmentsReuter - 125 words
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Article84 1978-03-30 9 Reuter CHARTER New York Corp, the parent of Irving Trust Co, said in its annual report that income from international operations accounted for 56 per cent of total Income before securities transactions in 1977. For 1976, International operations accounted for 58 per cent of IncomeReuter - 84 words
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Article309 1978-03-30 9 Reuter EXXON Corp plans to spend US$24 billion (Ssss billion) in the next four years, an Increase of some $2 billion over the 1977-80 plan, the company said in its annual report. Almost $10 billion will be spent In the US and $7 billion in Europe.Reuter - 309 words
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271 1978-03-30 9 NYT TO THE uninitiated, the reaction of investors to news of Berkey Photo's signal victory over Eastman Kodak must have been baffling. In the wake of last week's Jury verdict awarding Berkey U5537.6 million to be tripled under relevant antitrust law the sharesNYT - 271 words
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532 1978-03-30 9 NYT WHEN Walter Spencer became chairman of the Sherwin-Williams Co., the world's largest paint producer, he was expected to work wonders on the firm's old-fashioned organisation and ultraconservative financial team. Mr. Spencer set out to remake Sherwin-Williams as a diversified marketer of paint and paintNYT - 532 words
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402 1978-03-30 9 Reuter SEARS Roebuck and Co, whose stock has taken a beating as a result of an unexpected drop In fourth quarter earnings, Is going to have a difficult first quarter, financial analysts believe. Sears stock, heading the active list the last two days,Reuter - 402 words
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Article90 1978-03-30 9 Reuter GENERAL Goods Corp reduced prices on most of its instant coffees by US 2 cents an ounce, effective since Tuesday, a company spokesman said. The company reduced prices on Instant Maxwell, Instant Yuban and Instant Sanka. The new price for a 10ounce jar of InstantReuter - 90 words
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Article45 1978-03-30 9 Reuter TACO Bell said it signed a definitive agreement on its previously announced plan to merge with Pepslco Inc for about US$l25 million In stock. Under the agreement 1.43 shares of Pepslco stock would be exchanged for each outstanding Taco Bell stock. Reuter.Reuter - 45 words
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1282 1978-03-30 9 NYT RAYMOND Franklin Rogers Jr, a burly 33-year-old organiser for the Amalgamated Clothing and Textile Workers Union, and director of Its so-called "corporate campaign" to unionise J.P. Stevens and Co., has spent most of his life working behind the scenes. TheNYT - 1,282 words
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Article154 1978-03-30 9 BONDS AND LOANS Reuter THE Algerian state oil company Sonatrach is arranging a 250 million Eurocredit for its LNG 2 liquefied natural gas plant, banking sources said. A spread of 1% points over London interbank offered rates is being discussed for a seven-year life, they added.Reuter - 154 words
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Article131 1978-03-30 9 Reuter THREE banks have been jointly awarded a mandate to raise a US$l75 million Euroloan which will help finance construction of a hydroelectric project on the border between Brazil and Paraguay. Morgan Guaranty Trust Co, Citicorp International Group and Deutsche Bank AG are arranging the loan,Reuter - 131 words
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Article62 1978-03-30 9 AMERICAN Express International Finance Corp will raise US$4O million on the Euromarket. There is no minimum rate, but the loan will be at a margin of 1/4 per cent over Llbor, and win have a four-year option, they said. The lead managers are Ebco and Amex Bank62 words
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Article36 1978-03-30 9 Reuter FRANKFURT: The 100 million mark seven-year Eurobond for the Philippines has been priced at 99V» per cent and will carry a 6% per cent coupon, a spokesman for lead manager Dresdner Bank AG said.Reuter - 36 words
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251 1978-03-30 9 EUROPEAN COMPANIES NATIONAL Westminster Bank is to extend its opening hours for bureau de change business at one of its main London offices. The hours, will which Include Saturday opening, have been agreed with Joint staff representatives. The National Union of Bank Employees251 words
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Article483 1978-03-30 9 SHAREHOLDERS' funds of the Commercial Union Assurance Company stood at C 584 million at the end of 1977, compared with £410 million at the beginning. Much of this Increase came from the acquisition of Estates House Investment Trust £45 million and the autumn rights483 words
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Article142 1978-03-30 9 Reuter BAYERISCHE Verelnsbank plans to convert Its London representative office into a full branch office in May. Bayerlsche Vereinsbank managing board member for foreign affairs Peter Relmpell said the bank's foreign operations continue to record substantial growth, and Its three US branches were responsible for two billionReuter - 142 words
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137 1978-03-30 9 SOCIETE GENERALE de Belgique, which earlier this month reported a striking recovery in profits for 1977, expects to maintain its dividend for 1978 at 140 francs a share. Shareholders were told at yesterday's annual meeting that the dividend forecast should be viewed against a137 words
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425 1978-03-30 9 A t.25 million contract to convert a semi-sub-mersible drilling rig to a floating production platform for British Petroleum's Buchan Field In the North Sea has been won by Matthew Hall Engineering. The rig Drlllmaster is to be converted so that it can cope with425 words
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Page 9 Advertisements
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Advertisement162 1978-03-30 9 COLLECTINQ Oriental Anticnej ra i v STA\ 0 a <■« > by Judith Moorhouse and Dries Blitz 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 the162 words
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DEALS DONE ON THE SES AND KLSE
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Article1577 1978-03-30 10 BID and offer prices officially listed and business In and reported to the Stock Exchance 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 Sted after the world "sett". Board deal (In1,577 words
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Article165 1978-03-30 10 Rap Spore D Mark 7% 19*2 (100.000) (102HB IO3SS) Rep Spara 1/2% I*B3 (100.000) (102 "»B 103'48) Rep Spare 7 3/4% I*B7 (100.000) (99'tB 99\S) 4 3/4% 1/5/79 (250.000) (100.60B) 5 1/4% 15/16/7* (250.000) (101.288 101.48S) 4 3/4% 15/9/80 (250.000) (100 008 100.10S) (8) 100.02 (4) 100.05 5%165 words
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Article48 1978-03-30 10 BOTH 1/2% 1981 (100.000) lOO'kB 101'«S) B O T 7 VN% ISM (100.000) (fts'.B !»5%5) B O T Floating ISM (100.000) (99 v iß 99 T *S) C Itoh H |/g% I9M (100.000) (flft'.B «5 T t£) LTCB J 19M2 (100.000)(99SB 100'kS) I TfRJUM (100.000)(99SB 100'.S>48 words
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Article120 1978-03-30 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown In brackets. CoM Storage (June $1.70) (0 468 0.528). C and C (June $2.20) (0.708 0.775). F120 words
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Article142 1978-03-30 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Maaagan* priaa Mr Mar M» (Ciaii pi rices) The Commerce.... i as l.M INCOME BOND 1.10 1.17 The Savlnf Fund S pore Prof Fund 1.07 l.lSsd ON 0.91 MARA BUMVintA FUND S pore Security Fund 1.71 1.S1 First Bumlputra fcr Mar 2142 words
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Article2448 1978-03-30 10 xtnntn High Low Caapujr Last Sale ♦srGfs Dtr Dhr C«r Qr*« Y*W IS Vel ('888) Day High Lew SECTION ONE Ilx. INDUSTRIALS 170 285 si 130 "282 88* 247 170 291 422 148 132 165 58 212 57* 155 144 182 350 91 Acma Alcorn Allied Choc2,448 words
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Article1788 1978-03-30 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number nt shares traded shown in brackets in lots of 1,000 -.nits unless otherwise speclfl.ed. INDUSTRIAL! Aemi (I.TOB 1 745). AJlnamata <2.4T8 2 568)< A Item (1.90B)1,788 words
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Article, Illustration917 1978-03-30 10 SINGAPORE TRADING on the Stock Exchange of Singapore yesterday initially lacked direction with volume staying oo the low tide. However, a ciearer picture appeared in the afternoon as buyer* moved in cautiously to enable the market to clone on a steady note. Aggregate turnover of 2.98 million917 words
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Article588 1978-03-30 10 SHARE prices continued to move steadily on the Kuala Lumpur stock market yesterday In fairly active trading. The bulk of the support, however, came from the industrial sector where selected stocks were accorded better interest to post moderate gains across the board. In contrast, plantation issues,588 words
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COMPANY NEWS
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653 1978-03-30 11 CHERSONESE (FMS) Estates, a British-based sterling rubber company with a diversified crop range under the Barlow plantation group has declared a one-for-one bonus issue and raised its final dividend by 0.4p to 2p following its bumper annual profits. The scrip issue will double Chersonese's paid-up653 words
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416 1978-03-30 11 UNITED Asbestos Cement expects to make a profit in the current year of "not less than" M 511.4 million. Since the company has already announced an interim profit of $7.17 million, the forecast, in the prospectus for UAC's 1.8 million share special issue416 words
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Article37 1978-03-30 11 Jack ChiaMPH IN yMtcrdty'i Business Timet, we reported tkal Sunwsil Industries Pte Ltd, subsidiary of Jack CUa MPH, had ceased operations. The company which has SSTprhSST uS," Jit IS' weU Industries Pts Ltd. Tht error la regrettsd.37 words
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Article23 1978-03-30 11 Jack Chia MPH (8) Ltd: EGM to be held at the Gardenia Room. ShangriLa Hotel, at 12.30 p.m. on March 30.23 words
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Article, Illustration741 1978-03-30 11 MANO SABNANI - •r MANO SABNANI CONSIDERING the sluggish International trading conditions prevailing and the proliferation or protectionist policies In the developed countries. Intraco did remarkably well last year. Group sales continued to Improve to a record $98.17 million, up 4.4 per cent from the previous year's $94.04741 words
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LATEST RESULTS
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Article38 1978-03-30 11 Pre- %?J£ rotn m *3.17 million ($3.95 million) on sales $25.88 million ($27.40 million) for the year ended Dec 31, 1977. Dividend 10 cents gross (same) payable May 26 to shareholders registered on May 2.38 words
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Article112 1978-03-30 11 Unaudited troun uiiouuiicu giUUp after-tax profit M 53.02 million ($3.11 million), for the six months ended Dec 31. Interim dividend 75 cents less tax (4p) payable May 2 to shareholders registered on April 19. Highlands and Lowlands: 2» < ift P .J )re t x P112 words
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Article696 1978-03-30 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year Wilkinson L'lu B«nu( Taiping Consolidated BcnU Kempti Austral Amal. S.P. Textile L td. Asbestos Cement Robinson K.L. Kepong Berjaya Kawat Hume(M) Berhad Sel. Coconut Malavan Tin Kuala Sidim Rub. Tronoh Mines Ayer696 words
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Article, Illustration715 1978-03-30 11 ARTHUR NG - Sy ARTHUR NG CONTINUING smartly In it« recovery, National Iron and Steel Mills has posted a significant 42.3 per cent rise in group pre-tax profit to $17.13 million for the year ended Dec 31, 1977. Most of the running came from the parent Itself which715 words
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Page 11 Advertisements
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Advertisement269 1978-03-30 11 •V;-J i; i 1 •3./ J •c: a® sT» il> ss r> HSfej* ;n >* 'V Hfe The three bosk needs and the three ports of Brrtonnkn 3 understanding, insight, and wisdom in every field of learning. Written by experts, approved by experts, but not written for experts. It is269 words
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Article, Illustration1370 1978-03-30 12 TERESA LIM - NEW ECICS DEVELOPMENT THRUST •y TERESA LIM EXPORT CREDIT Insurance Corporation of Singapore (ECICS) Is now studying finance guarantee schemes which, when Implemented, will represent the next big Jump In its development. "Since ECICS became fully operational in 1977," Mr. J.L. Sorble, its chief executive1,370 words
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122 1978-03-30 12 THE UNITED Natlons's Commission for Europe (ECE) called for lower taxes as the only way to get Western Europe back on the road to recovery. It said that because of uncertain prospects for profits, the region's potential Investors prefer to save their money rather122 words
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550 1978-03-30 12 THE UNITED States, the European Economic Community and other countries are pressing Japan to cut tariffs more than It had offered last January, according to a Japanese trade negotiator. Ambassador Masao Sawaki, chief of the Japanese delegation in Geneva, also said550 words
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Article783 1978-03-30 12 LONDON. Wed. Leading equities advanced strongly on technical considerations and light Investment demand while government bonds drifted lower today, dealers said. At 3 p.m. the Financial Times index was up fcl at 468.2. Leading equities closed up to ISp higher although gold shares softened with the bullion price.783 words
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452 1978-03-30 12 Reuter THE SIGNING of the 15 billion yen (SSI44 million) bond which the Malaysian government Intends to float in the Japanese capital market has been postponed to tomorrow. Originally, the agreement between the government and the lead manager, Daiwa Securities, wasReuter - 452 words
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Article58 1978-03-30 12 Reuter JAPAN'S February industrial production index fell 0.6 to a preliminary 118.4 (base 1975) seasonally adjusted, after a revised 0.9 per cent rise In January. The Japanese International Trade and Industry Ministry said that the year on year rise in the index was 3.0 per cent, upReuter - 58 words
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799 1978-03-30 12 THE US Department of Labour's report on Tuesday of a 0.6 per cent rise in cost of living for urban Americans last month has intensified fears that inflation this year may be worse than expected. Although the rise in the consumer price Index799 words
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Page 12 Advertisements
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Advertisement866 1978-03-30 12 Leader Page INTERNATIONAL DISCOUNT COMPANY LIMITED (Incorporated in Singapore) BALANCE SHEET, 31 ST DECEMBER 1977 5520,000,000 SHARE CAPITAL Authorised 20,000,000 Ordinary shares of Ssl each Issued and fully paid 5,000,000 Ordinary shares 5,000,000 of SSI each 5520,000,000 5,000,000 222,029 93,1 18,850 14,224,542 23,543,459 22,719,392 332,772 154,161,044 CURRENT ASSETS Cash and866 words
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Article5451 1978-03-30 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 CnMttM ScanDetch ha* a Joist savvies5,451 words
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Page 13 Advertisements
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Advertisement398 1978-03-30 13 THE WT Mi FASTEST «T TO THE USA IS MAERSK UNE SINGAPORE *****46 PENANC *****1 K.-LIIMPUR ***** P. KELANG *****0 AGENTS FOR:OCEAR SHIPPING URE REGULAR NON-CONFERENCE SERVICE FAR EAST TO PERSIAN GULF I-rOK IOMMK FO*OCEAN DUUMMO MM KancM/KkwrtimMii OCtM «Ct 21Ibr K<neM/llMca(/lbMnif Bunk/KlMmiMiMkr ILK OCtM SIOBT J»km Lvac*/Mncjt/KMnif Wvak/KhCTMHiiaiw OfTIOWU.398 words
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Advertisement54 1978-03-30 13 NOTICE m.v. "VISHVA SEVA" VOY: 22 arrived 27th March, 1978. at P.S.A. Godown N0.45. General Survey of damaged cargo ex the above vessel will be held on Monday 3rd April, 1978. as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. R. JUMABHOY SONS54 words
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Advertisement6 1978-03-30 13 81-WEEKLY TO MIDDLE EAST A LAND6 words
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Page 14 Advertisements
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Advertisement710 1978-03-30 14 SHIPPIh Hapag-Lloyd TOUT CONTAINERBtD TO EUROPE r*M PfaN *I*l 5/4 6/4 15/4 16/4 20/4 21/4 28/4 30/4 21/4 30/4 26/4 5/5 1/5 5/5 11/5 13/5 14/5 20/5 23/5 24,5 26/5 28/5 29/5 1/6 3/6 4/6 EXPRESS CONVENTIONAL TO EUROPE tfm rumrm ri*» e*««ißd»» Til 30/3 2/4 3i/3 13/5 11/5 1/5710 words
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Advertisement727 1978-03-30 14 I a SANKYO LINE] AUSTRALIA SERVICE THREE SIM 31 Ma»/2 W PO«T KYOSEIMMU 5/1 M 3/4 Apr MAT SKY 9/10 «/««T KYOTEN MARU 20/21 Apr 22/23 Af Singapore loa*«g tor .(VmT FtEM. AD£L. mi, SYD 3/4 Apr FVEM, AOEI. MEI 6/1 Apr SKIS. STD 22/23 Apr AOEI. MEL STD BANGLADESH727 words
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Advertisement476 1978-03-30 14 SEA t LAND ■I 40TH FLOOR HONG LFONG BIDG 16 FLTS Q'JAY StP»GCPOI»E Customer Sermce Boo» n| terminal ?57<V53 25M137 REGULAR RORO BERVIC Go one better to Mm Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS seajpeed suspeed suspeeo seaspefd •ISO ACCEPTING CARGO FOR SAVONA (ITALT) WILMINGTON (DELARTAREV BALTIMORE.476 words
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Advertisement982 1978-03-30 14 "BURMESE NATIONAL LINE* mtantamvw htoheun M/31MAR ..Man HfS S C Awoti m Motor ski TEPS MALAYSIA P Kelong TH <3«>-7355 Penong TH 62>41/ ***** '*rf, n! iVi'IIIIZZZJSL* S. A.C.LF. "ARGENTINE NATIONAL LINE" LOADING fOR DURBAN CAPfTQWN BUENOS AMIES EM "MEXICAN NATIONAL LINE' FM EASIMEIICO t CENTRAL AMERICA LOADING FOR (NSCNUM.982 words
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Advertisement530 1978-03-30 14 it:;: \RDIN AN \H o Orient Overseas CotdauteA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) OMENTAL CHIEF M S SEAS MIKE 15N FULLY CONTAINERISED SERVICE FROM EUROfE (VIA SUEZ) I STRAITS CARGO VIA FEEDER TO/FROM HONG KONG) SO QEOITIKX •UMTWK4M 0 EMCajNIX JR COMMAMXI M KOREAN LEAOER 161 •TIH530 words
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