The Business Times, 31 March 1978
1978-03-31
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The Business Times
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Title Section11 1978-03-31 1 BUSINESS TIMES M.C.(P) No. 21V1/78 FRIDAY, MARCH 31, 1978 50 CENTS11 words
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BRIEFLY...
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Article59 1978-03-31 1 Reuter DUESSELDORF, Thurs. West Germany may have to revise its growth target downwards as a result of the sharp slide in the dollar and high domestic wage claims. Economics Minister Otto Lambsdorff said "We must now make a new calculation. The growth target we are striving forReuter - 59 words
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Article64 1978-03-31 1 THE improving economic situation In the United Kingdom has made It possible to contemplate Investing more In this region with most of It directed towards the Asean market. Singapore will benefit from this. The "shadow" Foreign Secretary and spokesman for the Conservative Party on overseas affairs, Mr. John64 words
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Article58 1978-03-31 1 NEW DELHI, Thurs. The Indian government announced it will not take over foreign drug manufacturing firms which are not using high technology. But these firms "will be directed to bring down their foreign equity forthwith to 40 per cent," the government said in a policy statement presented to58 words
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Article44 1978-03-31 1 THE UNITED Overseas Bank's tranche Issue of US$l5 million (5534.6 million) negotiable floating rate certificates of deposit In the Asian dollar CD market has been oversubscribed. The issue will carry a rate fixed semi-annually at K per cent above, the six-month Slbor.44 words
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Article80 1978-03-31 1 Reuter LUSAKA, Thurs. Zambia, which Is already In economic trouble, today revealed that It has to suspend exports of Its main foreign exchange earner copper. The decision follows mounting problems In transporting the copper to the coast and a decision to cut production by 15 per cent.Reuter - 80 words
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Article72 1978-03-31 1 Reuter MANILA, Thurs. A leading Philippine banker Mr. David Syclp, president of the Rlzal Commercial Bank, has called on Asean to form a regional board of Investment and a limited Asean payments union to encourage expansion of trade and Industry In the area. Such developments would speed upReuter - 72 words
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Article49 1978-03-31 1 Reuter MANILA, Thurs. The Philippines will export 50,000 tonnes of rice to Malaysia and 10,000 tonnes to Singapore tn the next two months. The shipments are part of the 100,000 tonnes of rice worth 240 million pesos (***** million) which President Marcos had approved for export.Reuter - 49 words
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Article87 1978-03-31 1 UPI NEW YORK, Thurs. Stocks struggled for direction early today after the government reported that a key economic gauge of the future showed uncertain results last month. Trading was active. Investors were weighing the Commerce Department's report that February's Index of leading economic Indicators, which had fallen 1.3UPI - 87 words
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Chief Price Chances
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Article122 1978-03-31 1 Rites Oriental Hide■ G E Life OCBC MaUuahiU K« Lanjut Mala Rice Hish Low Eaao UOB St Steamahip 410 1040 625 328 206 131 275 300 298 286 +54 +40 +25 +22 14 +14 12 +10 +8 Foil* Kemayan G Ceramics Otympia Batu Liitui Prima OUT I122 words
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Article, Illustration161 1978-03-31 1 Rites OCBC Bata Guinness S Dredge M Rice HongLeong High and Low EssoOrd Sg Best Kg Lanjut Wearne Steamship 6.40 3.00 5.30 4.38 1.32 2.55 2.79 3.06 5.15 2.08 2.51 2.90 +.20 +.18 +.15 +.12 +.10 +.10 +.10 +.10 +.10 +.08 +.07 +.07 Falls Olympla Oriental Kramat161 words
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Article947 1978-03-31 1 ASEAN MUST TEMPER HOPES AFP ABEAN nations were cautioned not to expect too much too fast from the Arab Opec states until the two sides could understand each other's needs, problems and aspirations better. The managing director and chief executive of the Arab MalaysianAFP - 947 words
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Article239 1978-03-31 1 SIME Darby subsidiary, Kempas Edible Oil Sendlrlan (KEO), Is to double Its crude palm oil processing capacity with a M$U million Investment on new plant and equipment. The plant, scheduled to go into production in mid--1979, will put KEO in the forefront of the palm239 words
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883 1978-03-31 1 THE SINGAPORE economy will take at least 10 to 15 years before It becomes selfsustaining and less dependent on foreign help. This Is the major task before It for the next few years. Mr. Ooh Chok Tong, Senior Minister of State for Finance,883 words
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324 1978-03-31 1 THE AIR urtki agreement between Singapore •ad the US will be signed today. This is the aew agreement which allow* Singepore Airlines its long sought after goal of flying to the US. Under the agreement, SIA is permitted to fly to San Francisco324 words
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444 1978-03-31 1 RONNIE LIM - •y RONNIE LIM HELI ORIENT Singapore, which has been primarily concerned with the aerospace market in South-east and East Asia, is now venturing into West Asia. The company Is planning to set up a Joint-venture company In Bahrain, possibly with local participation, according to444 words
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Article96 1978-03-31 1 A NEW association, the Ship Agents and Brokers Association of Singapore was formed recently to promote the growth of the shipping industry here and to press for the licensing of shipping agencies. According to Seafrelght, the Department of Trade has -given its approval. The new body alms96 words
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Page 1 Advertisements
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Advertisement7 1978-03-31 1 COPIES ANYTHING. FITS ON A TABLE TOP7 words
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Advertisement133 1978-03-31 1 ACBC Your key to International Trai a •S r 4 rv h ogr J. If vour business is import/export and the world i> w>ui market, •you'll need the services of a bank v.ith tru international capability io handle your business dealings etticientlv and with a minimum of tuss. At A(133 words
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Advertisement19 1978-03-31 1 I w<far Ptfi 6 ESHro fc k t k A > A SHIPPING TIMES PEOPLE la h*!tj •cthre iMfr WHi19 words
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Advertisement123 1978-03-31 1 SINTAT Rent-a-Car Singapore: *****55, *****5 (Airport) Kuo»a Lumpur *****4 Pcnong: ***** Kuonton: ***** If-BIX The Complete Copping System Makes Perfect Impressions ■4 lf-BiX 1500 U-BIX 1500 High speed copying at 15 copies per minute. Push button selection of two different paper sizes. Copies from bulky book, bound volumes and even123 words
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TRADE AND INDUSTRY
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Article166 1978-03-31 2 DATE TITLE COURSES AND TALKS LOCATION ORGANISER Mar 30April 1 Factory work simplification SIM Conference Room- SIM April 3-20 Industrial Relations Hilton Personnel Organisation Development April 4 US Tax Seminar American Embassy American Embassy April 24May 11 Employee Training Development Hilton POD April 27 Export Financing Shangri-La IBF166 words
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534 1978-03-31 2 Reuter PEN AND traders expect the Straits tin price to re-enter the International Tin Council range In the next few days, despite this week's small rally. The Impending US congressional vote on strategic stockpile releases Is now the critical factor for the market, theyReuter - 534 words
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Article112 1978-03-31 2 AFP THAILAND'S Ministry of Industry yesterday announced that the Texas Pacific group has recently discovered another rich gas condensate well In the Qulf of Thailand. This new well, designated 15-B-6X, which Is the fourtleth well drilled In Thailand Continental Shelf, was said to be closely located withAFP - 112 words
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138 1978-03-31 2 CLARK Equipment, an industrial equipment manufacturer, it studying jHwpecta of manufacturing In an experimental project in Taiwan, a Taiwanese firm will produce Clark equipment later this year. "The success of the Taiwan project will help pave the way for a greater manufacturing Involvement138 words
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Article71 1978-03-31 2 THE Trade Department Is considering participating In the World Trade Fair to be held in Wellington, NewZealand, In August next year. The fair, held once every four years, Is expected to offer good sales opportunity for local exporters. Its latest Commercial Bulletin added that If response from71 words
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Article166 1978-03-31 2 Reuter THE ASEAN committee on Transportation and Communication (Transcon) has drawn up a list of 23 projects where third countries can participate and offer assistance. The projects, seen as a major breakthrough In decision-making at a Transcom meeting which ended in Kuala Lumpur yesterday,Reuter - 166 words
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Article138 1978-03-31 2 THE executive vicepresident and head of the International division of Union Bank of Switzerland (ÜBS), Mr. Ouido Hanselmann, will arrive in Singapore on April 21. Also arriving will be two vice-presidents from the ÜBS head office in Zurich, and the bank's branch managers from138 words
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Article86 1978-03-31 2 THE SINGAPORE Insurance Training Institute (SITCJ will organise a seminar on April 14 at Hotel Malaysia. The seminar alms to create an awareness of the existence of material property which Is susceptible to damage by fire It also alms to Improve public consciousness of loss-prevention methods. The speakers86 words
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Article185 1978-03-31 2 AT THE Institute of Supervisory Management's (UK), Singapore Section, 3rd annual general meeting on March 26, the following were elected to serve In the executive management committee for the year 1978/79: Chairman, Mr. Phang Chang Wing; VlceChalrman, Mr. Alfred Lim; Secretary, Mr. Snc Kheoh; Asst. Secretary, Mr.185 words
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486 1978-03-31 2 MALAYSIAN palm oil producers have been told that as world leaders In the trade they shoulder the responsibility of not only maintaining a high rate of production but also ensuring the superior quality of the commodity. They were told that there Is486 words
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340 1978-03-31 2 SRI LANKA has Indicated Its willingness to share the current term of secretarygeneral of the Association of Natural Rubber Producing Countries (ANRPC) with Indonesia. Sri Lankan Secretary to the Ministry of Plantations Mr. Brad man Weerakon. said in Kuala Lumpur: "The post is340 words
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Article, Illustration182 1978-03-31 2 TO FACILITATE easy and convenient access to the Kranji Industrial Estate, the Jurong Town Corporation is building a 55metre prestressed concrete bridge across the Sungei Pang Sua. The $1.4 million bridge is now in its final itages of construction and will serve as the182 words
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Page 2 Advertisements
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Advertisement367 1978-03-31 2 FROM FEDERAL PUBLICATIONS LIM V.tt y n, f i i ||P% f ii. /M m dm \\W -^Zs 1 1 m ir^i mw 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 an367 words
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Page 2 Miscellaneous
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Miscellaneous603 1978-03-31 2 TWO- IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I Singer able to multiply (8) 7 Longing to turn Nina grey (8) S A magnetic foreigner (4) 10 Pinned one's money on? (6) 11 As eaten by the girl-friend f«) 14 Catty Ul-humour? (3) 15 Brown swallows half a loaf (which can hurt)603 words
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OVERSEAS
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254 1978-03-31 3 Reuter BTRIKES in West Germany's metal industry spread as talks aimed at ending a two-week-old dlsKute in the state of Badenfuerttemberg remained deadlocked. Industry sources In Stuttgart said the metal workers' trade union disclosed that another 3,200 of Its members in 11 firms inReuter - 254 words
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170 1978-03-31 3 Reuter INDUSTRIAL talks moved into high gear on Wednesday to avert a shutdown of New York City's public transport system from midnight today. Plans were also announced to keep the city moving even without the underground trains and buses. However, planners admitted that theirReuter - 170 words
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486 1978-03-31 3 AN INFLUENTIAL academic body called on Britain to Impose protectionist import controls to prevent a dramatic increase in unemployment over the next decade. The Cambridge University department of applied economics, In its annual economic policy review published yesterday, repeated calls from unions and Industry for486 words
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272 1978-03-31 3 AP FORMER US Vice President, Nelson Rockefeller, is "deeply involved" in negotiations aimed at Saudi Arabian investment in food and energy projects in the United States. The Daily News reported the funds would be used for creation of a New Yorkbased development corporation toAP - 272 words
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Article246 1978-03-31 3 Reuter THERE are no firm dates for congressional action on various US stockpile proposals now pending before committees. Congressional sources said that Senator Gary Hart's subcommittee on stockpiles Is scheduled to consider stockpile disposal legislation following the current Easter recess, but no firm dates have beenReuter - 246 words
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WORLD IN BRIEF
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Article559 1978-03-31 3 Agencies A HIGH-LEVEL Peruvian delegation, headed by the chairman of the Joint Chiefs of Staff, General Pedro Rlchter, flew to Moscow on Wednesday to negotiate a re-structurlng of Peru's debt to the Soviet Union. Peru Is facing a crippling lack of hard currency reserves and a mountingAgencies - 559 words
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195 1978-03-31 3 Reuter THE US Federal Deposit Insurance Corp said the number of problem banks in the US at the end of 1077 was 368, unchanged from last June and down from 379 a year earlier. In Its annual report, the agency put 12 banks inReuter - 195 words
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860 1978-03-31 3 BLOW TO ANTI-INFLATION WAR AP NYT The Carter Administration angrily criticised as inflationary the price Increase announced on Wednesday by US Steel Corp, and disputed the reasons given for the price rise. The increase of US$lO.5O (5524.15) per ton, the second price hikeAP; NYT - 860 words
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Page 3 Advertisements
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Advertisement386 1978-03-31 3 ■m m. v»li .<;>• v m fAI s >t. A ..f 3T 15-'• J? ttn* awoifi W ft. n i^rt V rJM m -»ii^ i < Jl V IULAiIUHJUJ.U'IJ 11.1.1.1.1.' 11 ygggtm-WBBBsi «m«V £/S Mgy m illSls 3Stg& :t* H m v. «r* #7^ tr W? > .v' -I, tip386 words
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RAW MATERIALS
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Article429 1978-03-31 4 THE Singapore market closed quiet with April One RSB buyers quoted at 202.00 cents per kilo yesterday, down 0.25 cents on Wednesday's close. Dealers said prices lost some 0.75 cents during morning trading on liquidation but recovered In the afternoon following China's acceptances of RSS Two429 words
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Article30 1978-03-31 4 Rubber: March 30: Singapore: April 202.90 cents (down 0.2S cent) Malaysia: April 206.75 cents (down 0.2S cent) Tin: 51.510 (down 910) Official offering: 287 tonnes (up 25 tonnes)30 words
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Article284 1978-03-31 4 Prices in cent* per kilo yesterday: Noon (per Ulo) Close (perkllo) 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 201.00 201.50 202 25 197.25 196.25 194.25284 words
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Article87 1978-03-31 4 NOON B8R and 8MR price* yerterday. BAS AprU (Current Mth) (For Buy6f May ward Mth) (o. ■top* kg) leei lUparkc) 4t01 SSR20 SSR50 UDIT n (1-ton pallet) (1-ton pallet) 1S2.00 190.00 194.00N 192.00N 193.00 191.00 195.00N 193-00N SMR5CV SMR5L SMR 5 SMR 10 SMR 20 SMR SO87 words
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Article395 1978-03-31 4 THE sugar market closed easier In dull and featureless trading yesterday, with eight lots traded. Only July and October deliveries were traded, which fell 0.14 and 0.26 US cents respectively on commission houses selling. The Hongkong dally spot sugar price rose 0.05 to 7.75 US cents, while the395 words
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Article352 1978-03-31 4 PRICES all held steady for the first time In two weeks in a quiet Singapore produce market yesterday. The pepper sector saw some buying Interest from North America. In the copra and coconut oil sectors, the undertone was steady In spite of alightly easier conditions overseas. Inquiries were352 words
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Article246 1978-03-31 4 ROBUSTA futures in London yesterday morning opened steady €22 up to £3 per tonne down from Wednesday's close. Turnover was 355 lots. May featured in an other.wlse light but well maintained call. M&vjralned £18. Dealers sala selling was noticeable at the higher levels and this pared the advance which246 words
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Article63 1978-03-31 4 THE Malaysian Minister of Finance has fixed these rates from March 30 until further notice: Rubber 207-7/8 cents a kg. copra $942.48 a ton, palm kernel $239.03 a ton. The rates of duties payable are: Rubber 36-1/8 cents a pound, (research cess 1 cent a pound), (replanting cess63 words
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Article68 1978-03-31 4 C.I.F. US dollar* per ton. LONDON: We*wday T Malaysia SHffa bulk June Sumatra 5%ffa March sc June July Auf Nigeria 5H rfa bulk ROTTERDAM: Sumatra April Zaire (Belt franc* per kilo) M3ilr secpd 833 pd •35 llr/<32* pd 505 dr 585 *lr 570 llr unq 832W*lr unq 58868 words
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Article333 1978-03-31 4 TERMINAL cocoa In London yesterday eased sharply against New York at the opening, touching £40 limit down levels In near May at £2,005 per tonne but the movement was not sustained. Prices finished the call mostly 128 to £37.50 lower. Unrestricted spot March was widely quoted between buyer and333 words
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Article258 1978-03-31 4 THE Straits tin price In Penang dropped MS 10 per plcul to $1,510 yesterday. The easier trend at the London Metal Exchange and higher end month supplies of concentrates from miners Influenced the market, although some demand was noted from the UB, dealers said. Turnover rose to 287258 words
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Article315 1978-03-31 4 SUGAR futures in London yesterday declined by £1.60 to £2.10 at the opening call. Dealers said the tone of the market was probably Influenced by selling tenders by both Belize and Mauritius involving 20,000 long tons of raw sugar. But the London dally raws price was unchanged at £103315 words
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Article208 1978-03-31 4 BANOKOK, prices of broken rice fell US$2 per tonne yesterday, while prices in other types remained unchanged. US dollars per tonne fob bull Bangkok: White Rte: 100 pet let clan 437. 100 pet 2nd class 422,100 pet 3rd class 417, 5 pet 406, 10 pet 395, 15 pet 387,208 words
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Article167 1978-03-31 4 SOYBEAN futures In Chicago on Wednesday fell the 30-cent limits In oil crop months on a shakeout of long positions. New crop months fell 16 to 13-1/2 cents a bushel, but ended well above earlier losses of as much as 28 cents. Prices fell sharply on local and commission167 words
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Article81 1978-03-31 4 WHEAT futures In Chicago ended the session down to 10 cents a bushel but around six cents above the day's lows on Wednesday. The market reflected anticipated weakness In soybean futures as mixed selling sent prices lower. Futures firmed with the aid of exporter buying until renewed selling generated81 words
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Article355 1978-03-31 4 COPPER wire bars finished In London yesterday morning showing all round gains of £19 per tonne. Dealers said Zambia's force majeure announcement sparked off a wave of short covering, stop-loss and chart-buying on the early pre-market where up to £728 was paid for Three. Months after a brief setback355 words
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Article214 1978-03-31 4 SILVER finished In London yesterday, the early session with gains of 0.5 to 0.3 pence per troy ounce. The early pre-market was steady in sympathy with the New York close, but values slipped back under light selling prompted by the fall in gold, dealers said. The strength In base214 words
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Article74 1978-03-31 4 LEAD ended In London yesterday the morning ring £7.75 up for cash and £7 higher for Three Months. Dealers said the early mark up In prices, which followed the sharp advance in copper, attracted commission house and chartist buying interest which took Three Months up to £323 per tonne74 words
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Article374 1978-03-31 4 THE kllobar in Singapore opened at 5513,464, down by $202 from the previous closthen fluctuated to as low as $13,404 before recovering to ciose at $13,441 In moderate trading. In London, the metal opened at US$lBO.lO/40 and closed slightly changed at $180.00/30. The range of fluctuation during the day374 words
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Article80 1978-03-31 4 ZINC at the end or the morning ring was £6.75 up for cash and £7 per tonne higher for Three Months. Traders said the market attracted some early speculative buying interest, stimulated by the rise In copper, which saw Three Months move up to £293 per tonne. However, scattered80 words
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MONEY AND EXCHANGES
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Article445 1978-03-31 4 UNDER thin trading conditions. the US dollar recovered yesterday as profittaking operations hid the foreign exchange market. Opening In Singapore at 221.40/60, above Tokyo's opening, the dollar recovered one yen to touch 222.60/70 lust before lunch time. Early afternoon saw the dollar recovering further to 222.70/80. During London445 words
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Article79 1978-03-31 4 WITH the prim rate cut to 7 per cent by DBS end Citibank, virtually all banks in Singapore are now offering the tame terms to their beet customers. Oversea-Chinese Banking Corporation still maintains its per cent while only Chartered and United Commercial Bank are now sitting with79 words
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Article180 1978-03-31 4 Asian rates ASIAN currency deposit interbank rales as at cloae on Mar SO: US Dollar Offer ■»<8»e«) BU 7 days 1 mth 2 mths 3 mth* 6 mths 9 mths 12 mths .7 1/4 .7 1/4 .7 vie .7 1/2 .7 13/18 .7 15/10 .8 1/1« Sw.rn. (Miftdle 7 1/8180 words
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Article60 1978-03-31 4 ZURICH exclutncM closing quote* on Mar 29 us i asi»-«ns Sterling 3 5451-5489 Can 1 6565-6604 O Mk 92 7835-9033 D Fl 86 7220-8512 F Fr 40 7143-7909 B rr 5 9667-9743 D Kr 33 7550-7911 N Kr K.6115-BSM S Kr 40.9313-9729 Ut 0 2207-2209 Aus sch 12 8747-893860 words
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Article48 1978-03-31 4 RANOE of price* offered by discount houaet on Uu 30: Overnight S-3* Call deposit 2H-JW CMag B«yt«« MUm 3-Month Treasury Mils 3 3/16 3 l/l< 3-Month Bank Mil* 4 13/16 4 11/16 3-Month CD 4 15/16 4 13/16 6-Month S V16 3/16 Source: National Discount Co. Ltd.48 words
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Article60 1978-03-31 4 AUSTRALIA/ NZ exchange* quote* on Mat 30 AUSTRALIA: U8 dollar 1.147 V 1.1425 Sterling 0 8124/ O.MM Ninety-day air mall buying rata*: Sterling 0 6172 US dollar 1.774 Ninety-day forward buying rate* Sterling 0 611* US dollar 1.1457 NEW ZEALAND: Sterling 0 5444/ 5436 US dollar 1 0293/ 160 words
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Article171 1978-03-31 4 THE US dollar yesterday was steadier against most currencies in quiet opening trading here, partially correcting what may have been a recent oversold trend. Dealers said trading was relatively subdued with the end of the month and the quarter arriving, the booksquaring being completed. The dollar firmed to 2.0310/20171 words
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Article148 1978-03-31 4 IN FAIRLY quiet, thin trading, the dollar closed mixed against major currencies, although off its highest levels on Wednesday. The yen, after easing to as low as 0.4501/04 cents at one point, closed at 0.4514/19, or 221.43 yen, against its open- lng 0.4510/14. f However, that was sharply148 words
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Article145 1978-03-31 4 AGAINST major currencies with greatest business volume in the yen and mark, the US dollar closed firmer yesterday. The dollar closed at 222.20/40 yen. about one yen above New York's level overnight and following its advance in Tokyo. The US currency also finned to 2.0275/85 marks rroin around 2.0275145 words
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Article156 1978-03-31 4 YESTERDAY'S US dollar I for overnight delivery closed < at 222.70 yen, up from a I 220.90 opening. No central bank intervention was detected. Tadlng was active with volume $544 million. The US currency fell initially to 220.70 yen, equalling Wednesday's post-war record low, on export cover- lne by156 words
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Article40 1978-03-31 4 FRANKFURT exchange* opening quote* on Mar 30: US 2.0890/0306 Can 1.7906/30 Sterling 3 790/806 D Ft Of 40/05 S Fr 107.75/100.15 Ut 2.375/305 F Fr 43.05/44.10 N Kr 30.30/40 B Fr (con) 0.435/445 B Fr (fin) 6.43/44 Yen 0.9130/4540 words
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Article64 1978-03-31 4 Euro rate LONDON Eurodollar deposit* opening quote* on Mar 30 Overnight 30-0/10. 30-7/10 Weekend 2-7/1. 2-3/4 Mon/ Tue* and Call two day* 73/10. 7-1/10 Seven day* fix and notice 7-1/4. 71/0 One mth 7-1/4, 7-1/0 Two mth* 7-3/8. 7-1/4 Three mth* 7-0/10. 7-7/10 Kour inthi 7-5/0. 7-1/2 Hve mth* 7-11/10.64 words
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Article283 1978-03-31 4 Straight* BU OB kr FPISU»SS7 97 12 Courtauldi it|9SM EIB »H 9\ 92 95 25 0*7 If 88.00 atta Fl*ons(t« l(Kf7 I net 92 UW2 •7 1 181.00 87 82 Inco 8% 84 97 1 Sporbanl Shell 8 ternai8H88 M 97.51 Ml 88.90 97 12 8NCF 8*4 M 98283 words
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Page 4 Advertisements
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Advertisement140 1978-03-31 4 n > > 4 3> *i. 1 t j >/ W 'T5- V* Ommm KmiMih Lo, ttw woll-known CNnw oookory wmvtf iniroqucvv int rvtoff 10 inf wcnnnimi ov L.« n n a I- I tV^U wninfM WKmlrigi WIG QlffV ml RWpil WHP PlPr untquo way of Mting. Bijlmitng with ilmpiiOMdish140 words
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TRANSPORT
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Article, Illustration846 1978-03-31 5 TERESA LIM - »y TERESA LIM THE NUMBER of vessels In Singapore classed by the American Bureau of Shipping is significant. It Is the third largest after the US and Japan. The bureau classed 293 vessels here last year with tonnage of 207,892 grt or 312,189846 words
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Article204 1978-03-31 5 EXTREMELY sluggish conditions on Wednesday kept fixing down to a level insufficient to give any indication of the overall freight market tone. Grain voyage business produced just a handful of fixtures, mostly to Japan. Japanese account Zenkoren secured the "Meiko Maru" at US$l.5O (FIO) for a 24,000-ton April204 words
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Article588 1978-03-31 5 ARRIVALS Service Local Operator Number Time From MAS MH0O7 0845 KUL MAS MH671 0045 PEN/KUL OIA OA 980 1030 HLP BA BA844 1030 LHR/MCT SIA SQ103 1045 KUL SIA SQ209 1045 HLP OIA OA944 1055 PKU MAS MH0O5 1100 KUL OIA QA908 1100 MES PAL PR501 1125588 words
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532 1978-03-31 5 Agencies THE chairman of the US Civil Aeronautics Board said on Wednesday that the State Department should continue to conduct International aviation policy and the Job should not be shifted to the Transportation Department as suggested by Secretary Brock Adams. Mr. AlfredAgencies - 532 words
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201 1978-03-31 5 UPI AFP SRI LANKA'S national carrier, Air Ceylon, will close down Its International services from tomorrow because of losses. Official sources said that Its 10 overseas offices will also be closed. The airline will, however, continue Its flights to India and the Maldives. At present,UPI; AFP - 201 words
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Article444 1978-03-31 5 AFP DESPITE the worldwide shipping glut and business slump, South Korea Is vigorously pushing for an expansion of Its shipping Industry with an eye on the future. This country has already worked hard to boost Its global tonnage of vessels by five-fold In six years to 3.5AFP - 444 words
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Article, Illustration374 1978-03-31 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Black Whale (1200) 10 Bristol Maru (JKJO) (0800) 45 Bunker Friendship (1200 after Ocean Supply) 48 Cang Shan (BOLE) (0100 after Thermopylae hauls) 6/7 Chidambaram (0900) 42/43 Oerbera (Car carrier) (0800 after Straat Nagasaki) 3/4 Golden Eastern (0600 subject freeboard) 22 Tema374 words
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Page 5 Advertisements
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Advertisement17 1978-03-31 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 Call us for your local or onward reservations17 words
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Advertisement660 1978-03-31 5 Barclays Bank International Limited The Barclays Bank International Group Consolidated balance sheet at 30th September 1977 Assets Cash and short term funds Investments Advances and other accounts Amounts due by Barclays Bank Limited and fellow subsidiaries Trade investments Investments in associated companies Premises and equipment 2,6% 2.427 938 775 7.994660 words
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Article527 1978-03-31 6 A LEADING banker, famllar with both the West Asian and Asean scenes, has criticised sentiment in the five countries which he likened to "fantasies" of Arab oil wealth coming to this region. Harsh a* his remarks must sound to many, he Is also not far527 words
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225 1978-03-31 6 SOUTH KOREA'S vigorous expansion of its shipping resources is one of the more foolhardy exercises in an industry too used to seeing its slump stretched longer and longer by irresponsible acts. By accelerating the pace of expansion of its fleet to 21 container ships by225 words
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Article, Illustration2652 1978-03-31 6 Managers are becoming at skittish as lesser-ranking employees, needing more carefUl handling nowadays than in the past. The need for humane treatment and for motivational carrots beyond mere money is now generally agreed upon. In the third of Business Times' series of excerpts from Robert Heller's book,2,652 words
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Page 6 Advertisements
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Advertisement485 1978-03-31 6 stooapura FORUM® HOTEL 886 Orchard Road, B'pore 9. 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 Sunday) open till 2.00 a.m. Coffee485 words
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Advertisement108 1978-03-31 6 9NGAPORE HLTON 581 Orchard Road, S'pore 9. Tel: *****3 Springtime in Paris March 27 April 15 '78 Folies Montmartre A dazzling dance revue from Paris 10 p.m. nightly Place Pigalle 23rd Floor Cristallerie Daunt For the first time on display In Singapore Priceless glass sculptures 2nd Floor Restaurant Let Halle*108 words
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Page 6 Miscellaneous
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Miscellaneous64 1978-03-31 6 WEATHER WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers around mid-day. Report for 24 hours prior to 7.30 p.m. on March 30 at the airport. Maximum Temperature 31.8° C Associated Humidity 69 Minimum Temperature 22.2° C Associated Humidity 100 Hours of Sunshine 7.25 Rainfall in Millimetres64 words
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Miscellaneous269 1978-03-31 6 iTIV f&IR'A'DTO SINGAPORE 5 3.00 PM Opening announcements followed by Housewives' Matinee What Will She Do? (Repeat) with superimposed English/ Chinese subtitles A Mandarin feature film 4.35 Intermission 6.00 Opening announcements followed by Exercise with Gloria 6.30 News in Brief 6.35 The Tony Randall Show Case: Money Vs Stature 0269 words
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Article, Illustration937 1978-03-31 7 PATRICK WORSNIP - Increasing travel possibilities for Poles have encouraged the growth of professional crime syndicates -smuggling gold and money to exploit the chaotic currency regulations and economic anomalies of Communist Eastern Europe. The growing use and rising value of hard currencies in PolandReuter - 937 words
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Article, Illustration689 1978-03-31 7 ASIA is not the only place where superstitions still thrive, it seems the Celtic tradition still burns strong, in the Isle of Man forexamtle, that tiny 588 sq km taxaven island to the west of Britain, in the Irish Sea. The Isle of Man Parliament -will689 words
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Article, Illustration920 1978-03-31 7 JOHN DRYSDALE - tFOBJHIfiMI ...0D economics •y JOHN DRYSDALE Mr. Drysdale is a director at Asia Research Pte. Ltd. ONE WAY of comparing the nitty-gritty of the economies of two countries in this case Singapore and Hongkong is to look at the price movements in both countries, as920 words
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Page 7 Advertisements
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Advertisement293 1978-03-31 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 CENTRAL293 words
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Advertisement6 1978-03-31 7 HenkellTrocken The sparkling wine from Germany.6 words
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Page 7 Miscellaneous
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Miscellaneous23 1978-03-31 7 II T r STWiOfArnptSTi Hofe Noo'it STU)\TH US —IF N/Ou HPWE. P*JN| MffcoBL£jns ?U£RSC I DON'T HCS>W£ To 'S-j l S££. VOOK HL£.23 words
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INTERNATIONAL STOCK MARKETS
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Article542 1978-03-31 8 Tokyo Source: DBS-Daiwa THE stock market yesterday opened In a wait-and-see mood due partly to the cautious stance towards the recent sharp rise, but there was still strong selective buying and the market terged ahead. < Rotation buying continued for some speculative Issues and medium-sized quality stocks.Source: DBS-Daiwa - 542 words
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Article403 1978-03-31 8 Source: Sun Hung Kai See Ltd. .-.THE market eased in light trading yesterday morning, caused by an absence of fresh buying impetus. After the recent rises, investors seemed prepared to await the HK Land results to receive a clearer picture of the situation. Their profits of HK5229.8 million wereSource: Sun Hung Kai See Ltd. - 403 words
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Article390 1978-03-31 8 THE market was firmer yesterday on renewed institutional activity and an upsurge in overseas sales. Dealers said BHP rose four cents to A 55.78, Bank of NSW gained two to 5.10, ANZ Bank three to 2.65 and ICI two to 2.07, while sugar stocks Improved on the overnight London390 words
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Article133 1978-03-31 8 THE market closed higher yesterday with all sectors posting substantial gains. Dealers said turnover rose slightly to 3.99 million peaoe from Wednesday's 3.52 million. All leading oils, minings and commercials issues were firm, while other Issues In all sectors were either unchanged or had small gains. MAS 30 Peso*133 words
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Article145 1978-03-31 8 MAR Bahts Asia Fibre 257 +2 Bangkok Bank 379 -2 Bangkok Invest. 300 >10 Bangkok-Metro-politan Bank Bata Berll Jucker Carpet Intnl Charoong Thai Wire 299 23 Dumex DusltThani 346 Faber Merlin First Trust Oenera Finance 355 ♦4 Indo-Thal Industrial Finance Corp 2355 •110 J And J Ho Jalaprathan Cement145 words
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Article53 1978-03-31 8 FINANCIAL TIMES INDUSTRIALS Wednesday 468.1 Tuesday 99*4 H.K. HANG SENG Tuesday 460.1 Week Ago 462.6 DOW .JONES AVERAGE INDUSTRIALS Wednesday 781.78 SYDNEY INDUSTRIALS Thursday 398.68 Wednesday 394 57 Tuesday 758.84 Week Ago 393 40 Week Ago 757.54 LONDON DOLLAR PREMIUM Wednesday 90*4 ALL ORDINARIES Thursday 451.84 Wednesday 448.6953 words
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Article247 1978-03-31 8 SHARE prices closed hither In active trading with paper and metal Issue* leading the advance on Wednesday. The composite Index was up more than 253 to 167. Interpool. subject of a Cs4o a share takeover bid by ThessenBornemisza NV, climbed one to 39 MAM a CI AMtlbl AJcan Alfoma247 words
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Article356 1978-03-31 8 OOLD shares drifted easier on the day following an Initial markdown In line with lower to unchanged bullion Indications, on Wednesday. Trade was very subdued ahead of the budget measures and little overseas Interest was detected Financial minings were little tested but mixed where changed. De Beers gained three356 words
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Article414 1978-03-31 8 FA l<< i/'KA X MA KKK'IX > THE European stock markets closed generally mixed. Belgian share prices were mixed and mainly higher In quiet trading, bourse sources said. Soflna, Halnaut Sambre, Solvay, Arbed and Wagons-Uts rose, white Hoboken. Cockerlll. Socfln and UCB fetl. In foreign stocks, UK,414 words
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Article189 1978-03-31 8 MAR a Francs Actions Stiluses 270 4-2 Alusuis* Br 1250 *10 Alusui w Rfg 550 unch Brown Boverl Br 1600 ♦20 Cilxi Otgy Br 1240 ♦25 ClhiiCwiKy PC 910 l'lh;i Gflny Rff 600 4-5 Cmtil Suisse Br 2390 25 Credit Suisse R«*g *62 4-4 Kleklrowatl Br 1640 O'orup Fischer189 words
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Article289 1978-03-31 8 MAR FYs ♦VCORBKII.LK Air 1 I<IIII<1<278 3 r.s iHuk 1 III HIP 415 UIM'll i sf iTlHmitiHi-«'-i» 193 4.5 Kl .IIIT.IISP il<-» ivir<>l«*s 116 unch <<>ni|»eiitr Kili.iltrwrr t 'iiiikiKiiir < n ivralr :t42 5 <'(•*111 Kmm H h'riim* 326 2 Ilacllrttf lil>r.uri<i 170 -2 MxiuiK-s Hull 3.1.50 ►0.7 Mirhrim289 words
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Article1562 1978-03-31 8 March 29 OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel AmTti Am Tel AUR AUR AUR Avon Avon-P Awn Avon-P Avon Avon-P Bank Am Bank Am Beth S Beth 8 Beth 8 BlirTOUfha Burrouctia Cttlcp auep Cttlcp Del Air Del Air Del Air Duney1,562 words
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Article226 1978-03-31 8 MAR Dm Ai l TWefunken 89 30 0.1 \k/n 21 +0.5 AllxU-hen 618 -1 All/Vers 485 urvch BASK 138 80 unch Kty H T Wfcuik 283 50 itivMcink 315 Biiyi* 138 80 unch BBt' IIMW 224 ('.ISvllil 372 -4 < "IK-MI V.TW 227 CiininH-rztMiik 230 20BCiHiiiOuMml 76.80B Iliiinilrr-Renz 305B226 words
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Article101 1978-03-31 8 M\K IS Lire Ann102 25 -0.75 W450 -125 410 -10 nt r.il«* :»525 -35 Ki.il 1959 -14 h iliMilt-r 74 unch (u'li liiininh 76 -0 5 IH l*ri 2151 -22 ll;'kTRKllli ***** -70 I'ate.iv 629 -2 li.iKirtcr 122 -5.5 M.ikiwII M I'l :«86 M.nvllihrr 172 ♦2 M» dioh *****101 words
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Article226 1978-03-31 8 MAR Fls ABN 347 00 0.5 Aliold 100 00 ♦0 5 Ak/«i 22 .30 ♦0 3 AMKV 79 50 -0.5 Alllfiis 104 00 -1.7 Amnrt Rmk 72 50 -0.1 1 <• riiuss 56.50 -1 H>rk 98 50 1.5 IUIK 68 50 -1.4 Horsuiiiij 140 60 ♦0 1 Miirhnianii 64226 words
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Article106 1978-03-31 8 MAR Frs FORWARD MARKET A< w 217 4-1 Ai he<1 2300 130 A si ur 514 -e Hi i Sim n 458 -6 Hru-Uimb 1430 ♦4 < .mpsir 484 -I f.«k 350 •16 l> Itwrs 170 +2 Et»'s 2350 10 Ek-rlrcibrl 6100 unch (•h-Iiino-Bm 1900 unch G«-v 1268 -2106 words
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Article84 1978-03-31 8 Reuter BANK of America said It filed with the Securities and Exchange Commission for a proposed offering of US$2OO million mortgage-backed pass-through certificates. The 8.000 series B certificates will be offered In minimum denominations of about $25,000. Each certificate will entitle the holder to 1 /8000Reuter - 84 words
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Article84 1978-03-31 8 Reuter AMAX INC said it expects capital spending of US$2 billion over the next five or six years, compared with about $2.1 billion In the past five years. The spending will largely expand production capabilities where demand -Is strong, such as in molybdenum and coal as wellReuter - 84 words
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Article1167 1978-03-31 8 NEW YORK STOCKS moved ahead for the second straight day In busy trading on Wednesday, with little In the news to encourage buying. "It's pretty much a traders' market." said Michael MeU, analyst at Oppenhelmer and Co The market's performance Itself has been encouraging. Mr. MeU1,167 words
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Page 8 Advertisements
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Advertisement170 1978-03-31 8 1 f nr^TiJ MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE ASM RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide to the latest developments that hove taken ploce in all important sectors of the economies of countries in East and Southeast Asia. The170 words
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INTERNATIONAL COMPANY NEWS
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Article185 1978-03-31 9 EUROPEAN COMPANIES Reuter '*j*LUDWIOSHAFEN: Basf AO said Its provisional 1977 company pre-tax profit fell 17 8 per cent to 077 mlllon marks from 823 million on sales 1.7 per cent lower at 9.03 billion marks. In an interim report, Basf added its provisional 1977Reuter - 185 words
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Article167 1978-03-31 9 Reuter TURIN: Fiat Spa announced net 1977 profit of 63 billion lire (66.5 billion). A dividend of 150 lire (same) will be paid to Its shareholders, the company said. Depreciation came to 184.9 billion lire, Including 63.5 billion ahead of schedule to give maximum depreciationReuter - 167 words
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Article62 1978-03-31 9 Reuter BONN: Continental Gummi-Werke AG and Dunlop AG have both laiid off workers because of the metal Industry dispute affectilng the car industry. Continental said 2,000 of Its 18,000 workers are on one week's short time, while Dunlop said 350 of its 750 workers at Wlttllch and 1,400 ofReuter - 62 words
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Article, Illustration462 1978-03-31 9 EtECTROLUX has made a group pre-tax operating profit of 5Kr529.9 million for 1977, an increase of SKr7B million or 18.7 per cent over the previous corresponding period. During the year, the average number of employees In the group decreased from 71,552 to 09,495 mainly as462 words
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464 1978-03-31 9 LONDON: Esso Petroleum of the UK which is now engaged in a new cut-price war with other major retaflers of petrol, has reported a net profit of £94.4 million for 1977. This compares with a net loss of £12.7 million In the previous year.464 words
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Article145 1978-03-31 9 NORTH AMERICAN COMPANIES Reuter GENERAL Mills Inc, a diversified food and consumer products company, said profits for the third quarter ended Feb 26 rose more than 10 per cent. For 4he nine-month period, the Increase in profit exceeded 15 per cent. It said theReuter - 145 words
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Article46 1978-03-31 9 Reuter SOUTHERN Pacific Co said its communications company subsidiary filed a civil anti-trust suit against American Telephone and Telegraph Co for allegedly attempting to monopolise telecommunications services. The suit, filed In Federal District Court In Washington, DC, seeks treble damages. Southern Pacific said. Reuter.Reuter - 46 words
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Article391 1978-03-31 9 UPI CONTINENTAL Oil Company has said It would report sharply lower profits for the first quarter as a result of losses connected with the lengthy US coal strike. The company estimated that profits for the March quarter would range between US$2O and 30 million, orUPI - 391 words
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Article281 1978-03-31 9 Reuter LTV Corp said Its directors and those of Lykes Corp have approved terms involving the securities to be Issued in the merger of Lykes into LTV. LTV said under revised terms, each share of Lykes common stock will be converted Into l.i shares of LTVReuter - 281 words
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Article91 1978-03-31 9 LONDON: General MotorsBritish, subsidiary Vauxhall Motors Ltd said Its net loss in 1977 increased to 12.18 million from C 1.86 million in 1976. Turnover rose to £627.5 million from C 513.7 million. The company said expectations for 1978 are that total demand In Britain will be91 words
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Article58 1978-03-31 9 PARIS: Pechiney Uglne Kuhlmann SA subsidiary's Aluminium Pechiney said It has been asked to study the possibility of producing aluminium In the bauxlterlch state of Orlssa on India's east coast. The Indian authorities envisage 600,000 to 800,000 tonnes per year aluminium plant and an aluminium electrolysis plant with58 words
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197 1978-03-31 9 UPI UNITED States Steel Oorp has raised priced US$lO.5O per net tonne for all steel mill products to cover the cost of the New United Mine Workers' contract. The new prices, effective April 1 and the second increase this year, willUPI - 197 words
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208 1978-03-31 9 Reuter LONDON: British Ley land •aid it plans to rmiM its authorised share capital to £<50 million from £150 million la contemplation of a rights issue of ordinary 50p shares at not loos than 50p a share. At present, about £130 million ofReuter - 208 words
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Article63 1978-03-31 9 AFP BERLIN: The Soviet Union has ordered two carbon dioxide plants from the West Berlin firm Borslg GmBH, the company said. The two installations will have a total annual capacity of 1.4 million tonnes, and a Borslg spokesman said they would be the largest in the worldAFP - 63 words
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Article260 1978-03-31 9 ASIAN COMPANIES Reuter BYDNEY: Central Pacific Minerals NL and Southern Pacific Petroleum NL Informed the Sydney Stock Exchange that they still believe In the Rundle shale oil deposits In Queensland appear to be commercial, based on current world prices for petroleum. The associate companies wereReuter - 260 words
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114 1978-03-31 9 HONGKONG: Hutchison Whampoa's quarrying subsidiary Anderson Asia (Holdings) announced a one-for-10 bonus issue "to mark a year of record achievement," for which a consolidated net profit of HK524.96 million was recorded. The profit, together with pre-acqulsttion profit of $4.67 million of its whollyowned subsidiary Asia114 words
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Article101 1978-03-31 9 MANILA: San Miguel Corp will be able to pay out dividends to its shareholders despite a 130 million Eurodollar loan to finance expansion projects. A company spokesman was clarifying reports that San Miguel might not be able to pay dividends because of restrictions Imposed by101 words
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Article194 1978-03-31 9 AFP HONGKONG: The directors of A.S. Watson and Company Limited, a subsidiary of Hutchison Whampoa, announced a consolidated profit of HK513.47 million for the year ended Dec 31, 1977. Arrived at after extraordinary and prior year items, minority interests and taxation, this profit shows an increase ofAFP - 194 words
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Article110 1978-03-31 9 HONGKONG: Jardlne Matheson's Zung Fu reported a 24 per cent profit rise to HK521.03 million, a 20 per cent total dividend increase to six cents and a bonus one-for-flve issue. The profit figure for the year to Dec 31 Is after tax and minorities and exceeds110 words
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199 1978-03-31 9 UPI TOKYO: Marubeni Corp. announced a copper mine It financed In the Philippines will start commmerclal operations in June. The announcement said trial operations began earlier this month at the Ino mine Marlnduque, an Island between Luzon and Mlndoro. Annual production is estimated atUPI - 199 words
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Article106 1978-03-31 9 Reuter JAKARTA: F.T. Caltex Pacific Indonesia, the largest oil company In Indonesia, has begun an ambitious programme to Increase production through "enhanced recovery" of the Mlnas oilfield in Rlau (Sumatra). A spokesman for Caltex said that "enhanced recovery" meant extracting oil left after the first drilling. HeReuter - 106 words
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Page 9 Advertisements
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Advertisement237 1978-03-31 9 MC<P>BSIV7B VOL2 NO 3 MAfICH 1978 PRCE $300 fC 4 rmt 2Sxsr -ww«KM| nwwwe^e NWIM, Singapore Trad* A Industry Subscribe now and g«t 12 issues of Singapore Business and 1 copy of the Yeaitooofc (worth $6/-) plus a free beautiful slip case at the following rate. surface-mail postage free: SMS42/-237 words
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DEALS DONE ON THE SES AND KLSE
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Article1419 1978-03-31 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world "sett". Big Board deal1,419 words
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Article137 1978-03-31 10 4 3/4% 1/5/71 (250,000) (100.808 101.008) 5 1/4* 15/18/78 (250,000) (101.288 101.488) 4 3/4* 15/1/8# (250,000) (100.008 100.108) 3/4* 1/12/8* (250.000) (103.70B) 5* T F 15/4/81 (250.000) (102.50B) I* T P 15/10/81 (250.000) (102.05B) 5* T F 1/5/83 (250.000) (100.208 100.308) (8) 100.27 (8) 100.30 7 1/4* 15/4/88137 words
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Article285 1978-03-31 10 STRDCINO prices of the tlOCk options officially listed on Um mock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. CoM Storsgc Jum —$1.70) (0.488 4.928). CudC (Jum -$2.20) (0.718 0.8S). F ud N (Jm285 words
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Article144 1978-03-31 10 nNUPOUumriwvr *Hw tiMuU) DfOOMl (Om INOOMXBON1 I BOND UNIT Ml prtnal D l.M 1.11 Tb«Commcrcc Tt* Savtnc Fund 8'por» Prof rund 8 port Security rund 8'port Invart Fund l.M l.N i at l u*d or on in 1JJ l.M I.U MAKA BUI iMtupn' PM Bumlputi Third Bvmlpu Fourth144 words
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Article2434 1978-03-31 10 19T7/1978 High Low CMfMjr Last Sale •far* O's Dhr Qr*s Y*M Nat r/K Vel (•888) Day High Law -9 r> <-*' SECTION ONE -<• t INDUSTRIALS i76 177* 130 282 88* 247 173 292 422 146 132 110* 58 212 57* 155 144 182 350 91 Acma2,434 words
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Article1540 1978-03-31 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Block Exchange yesterday with the number ct shares traded shown In brackets In lots of 1,000 -mils unless otherwise speclfted. INDUSTRIALS AMM (1.738) (3) 1.7S (1) 1.74. AltfiMlMt* (2 508 2.968). Alaam1,540 words
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Article, Illustration636 1978-03-31 10 SINGAPORE SELECTED finance and Industrial shares led the market in bullish trading on the Stock Exchange of Singapore yesterday. Sentiment improved as investors noted that Wall Street had attempted to stabilise lUatfsgis. paper shares. Nanyang Press and Sin Chew Jit Poh. and some Uue chips were636 words
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Article697 1978-03-31 10 CONDITIONS remained steady yesterday, with the Kuala Lumpur Stock Exchange gaining moderate ground in selective trading. Blue chips and financial stocks In particular, attracted slightly better support to close on a firm note. However, scattered bouts of profit-taking continued. and this caused small declines in a697 words
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LATEST RESULTS
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Article71 1978-03-31 10 Pre-tax 1977 profit M»4.46 million (94.10 million). Sales $52.17 million ($46.31 million). Pinal dividend 12 per cent (same) less tax. payable May 20, making total 18 per cent (same). T Bonus issue one for three, ralslna paid-up capital to 15 mlThon shares; of $1 each from 11.2571 words
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COMPANY NEWS
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Article, Illustration551 1978-03-31 11 MANO SABNANI - ■y MANO SABNANI AT a time when other major cement manufacturers In Malaysia are moaning about rising costs, severe competition and slack demand in the Malaysian market, Tasek Cement Is continuing to forge ahead with Increased sales and profits. For the first551 words
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Article703 1978-03-31 11 Current Ex Books Date Total for Total for payment Date close payable the year previous year Ulu Beaut 6%<d> Mar 13 Mar 23 Mar 31 6% 5% Taiping Consolidated 15%(n) Mar 3 Mar 15 Mar 31 25% 30% Benta 15%(n) Mar 3 Mar 15 Mar 31 23% 22%703 words
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Article262 1978-03-31 11 THE following company meetings are due:Kuila Lumpur Industries Berhsd:- AGM to be held at 468-6A, Jalan Ipoh, Kuala Lumpur at 12 noon on April 3. Aluminium Company of Malaysia: AOM to be held at its registered of rice. Road 6, Section 13 Petailng Jaya at 10.00 a.m. on262 words
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Article, Illustration1010 1978-03-31 11 OUR REPORTER - •y OUR REPORTER DUNLOP Malaysian Industries has upheld its image as a company which delivers the goods with another record year. Group sales have Improved by 12.3 per cent to another record of M$146.4 million giving pretax earnings a strong lift of a further1,010 words
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Article, Illustration573 1978-03-31 11 SELANOOR Properties' performance for the year ended Oct 31, 1977, continued to lack lustre without the benefit of more exciting development Income. Group pre-tax profit Inched marginally ahead to MSS.I million from $5.09 million the year before, mainly on rental and dividend Income. A higher percentage573 words
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Article282 1978-03-31 11 Jack ChiaMPH gets approval STOCKHOLDERS of Jack Chla-MPH yesterday gave their unanimous approval to the resolutions to acquire Tung Yuan Enterprises and Hotel New Hongkong and for the Issue of the requisite number of new shares for that purpose. At a well-attended Extraordinary General Meeting, Mr Jack Chla revealed that282 words
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Article292 1978-03-31 11 THE WAY has been cleared finally for Supreme Corporation's proposed acquisition of shares in Boca Berhad and in Johore Ml Palm Plantations (JOPP) on the basis of share exchanges although, in the latter case which has given rise to some controversy, the terms have been modified. In the292 words
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Page 11 Advertisements
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Advertisement148 1978-03-31 11 MSE) Call our Port Kelang or K.L. Officc for any emergency repairs to your ships afloat at Port Kelang or Port Dickson. MSE has now extended its services for wider coverage beyond Johore. *****3 Port Kelang office ***** Kuala Lumpur office MALAYSIA SHIPYARD AND si bM: Paiir Gudang, Johore. K.L.148 words
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Article824 1978-03-31 12 IMPORT DRIVE INADEQUATE Agencies JAPAN will map out new emergency import measures as early as possible to help reduce Japan's huge trade surplus. International Trade and Industry Minister, Toahlo Komoto, told the Diet the government's previous Import boosting steps had been Insufficient. The latestAgencies - 824 words
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629 1978-03-31 12 AP THE US dollar, after wavering in active trading on the Tokyo foreign exchange market yesterday, rose slightly, closing at 222.65 yen, from Wednesday's record low of 221.55 yen. It dropped as low as 220.70 yen at one point in morning tradingAP - 629 words
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361 1978-03-31 12 Reuter THE WORLD Bank said the best way to create Jobs besides agriculture In the developing countries is to encourage the growth of small business enterprises. In a policy paper, it said two out of every three jobs needed by the developing countries overReuter - 361 words
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Article710 1978-03-31 12 LONDON, Thurs. Equities closed narrowly mixed while government bonds held steady in light trading. At 3 p.m. the Financial Times index was down 0.4 at 447.7. British shares showed few changes while golds softened with the bullion price. South African industrials firmed on buying from South Africa following710 words
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281 1978-03-31 12 TRADE Unions should step forward to help Income, an NTUC cooperative venture, in its work of providing life insurance coverage to all, urged Minister of State for Defence Bernard Chen, yesterday. Speaking at the opening ceremony of the NTUC Income Training Centre,281 words
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349 1978-03-31 12 FUTURE prospects tor Singapore's exports hare improved with the Asean Preferential Trading Arrangements and the possibility of trade liberalisation in Japan. "The implementation of the Asean Preferential Trading Arrangements can augur well for the expansion of lntra-Asean trade in the coming years," Mr. Howe Toon349 words
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260 1978-03-31 12 SINGAPORE has the largest concentration of drydocklng facilities compared with other ports in the world. A vast pool of technical expertise provided by local and foreign personnel backed by a stable and diligent workforce, has kept Singapore yards competitive In the global market, even260 words
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219 1978-03-31 12 THE Singapore Chinese Chamber of Commerce and Industry has Invited its Malaysian counterpart to send a delegation here sometime In July or August to discuss mutual economic cooperation. This is a follow-up of the meeting between the chambers last year when the Singapore chamber219 words
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421 1978-03-31 12 A SUDDEN spate of labour unrest In Thailand Is giving a few headaches to the government of Prime Minister Krlangsak Chaman&nd. However, the troubles have not reached major dimensions, and the Thai authorities have been carefully defusing the situation. But It appears significant that421 words
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392 1978-03-31 12 Reuter THE MALAYBIAN government has been asked to stop the migration of Malaysian workers to Singapore on the grounds that the current five-year development plan would only succeed If the country could overcome the shortage of skilled workers. More than 100,000 Malaysians work andReuter - 392 words
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Article, Illustration172 1978-03-31 12 SINGAPORE trade officials recently spent four day* in Australia to receive briefing on the Amu Trade Fair, to be held in Sydney from Oct. 23 to 28. The officials were in Canberra for two days with officers of the Australian Departiment of Trade andlteeourees172 words
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Article382 1978-03-31 12 Reuter MALAYSIA'S exports continued to remain buoyant and rose to Msls billion last year despite generally sluggish world trade, Bank Negara Malaysia reported yesterday. The bank's annual report for 1977 said gross exports rose by 12 per cent over the previous year because of continuing highReuter - 382 words
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Page 12 Advertisements
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Advertisement60 1978-03-31 12 LEWIS ft PEAT lEICIMT BANK LHIITEB We are pleased to announce that in order to reflect our growing involvement in the South East Asian region and for conformity with oar parent bank in London, Guinness Mahon Co. Limited, we have changed our name to: MIMESS MMON (S.EJL) UMITEI Our address60 words
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Article4743 1978-03-31 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 Consortium ScanDatch hu a joint wrvieo4,743 words
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Page 13 Advertisements
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Advertisement311 1978-03-31 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore: Tel. *****, Port Keteng: Tel *****1, Kuala Lumpur Tel. *****. Penang: Tel. ***** SHIPPING S Seatrain Lines Inc (U S A Trans-Pacific Service HK OW I* GUIF E_C 1/5 0/5 14/5 u/5 30/4 17/5 11/5 23/5 »/5311 words
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Advertisement319 1978-03-31 13 SHARJAH SHIPPING CO. LTD •VA**' j *Xf (UNITED ARAB EMIRATES) Spore 6ULFPUAI 14/ If Apr CUIF PROSffRITIi ij/1| P HeUni Peiung 17/11 Apr LMdiftf ttr Ha*n/BM*tor GULF SHIPPING LINE (UNITED lUI [mUHS> Score "GULF MAJESTY 25/77 P KeUnc Perung ludir* t*r Dobai SkwiM fIHLI SHIPPinG UfK OLi) (UNITED AMB EMIRATES)319 words
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Advertisement291 1978-03-31 13 ITA CONTAINER UNE FAR EAST— W AFRICA SERVICE FULLY CONTAINERISED INDEPENDENT SERVICE M« TUEMOPEIfuH, I (SEN No 8Q*****) m* toe flower (S\ GBN LINE J 1 FAR EAST W AFRICA BULK SERVICE Avrtv. SfOK *Hsstl 10 Ma* ::»SZ AGENTS PENANG LAGOS SUB I INO i tun* SUBj IND 1« My291 words
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Advertisement25 1978-03-31 13 Nedlloyd Lines Regular Liner Services To/From All Parts of the World. Singapore: Tel. *****. Port Kelang Tel *****1, Kuala Lumpur Tel. *****. Penang: Tel. *****25 words
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Advertisement800 1978-03-31 14 SHIPPtN If Hapag-Lloyd FULLY CONTAINERISED TO EUROPE S'part P K«taaf H'twt H«wi>«H Eqnu Oukilar Hm| Rm| Eiprtu 5/4 6/4 15/4 16/4 20/4 21/4 28/4 30/4 28/ 4 30 4 26 4 5/5 8/5 9/5 11/5 13/5 14/5 20/5 23/5 24'5 26/5 28/5 29 5 16 36 4/K EXPRESS CONVEMTIOMAL TO800 words
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Advertisement697 1978-03-31 14 a SANKYO LINE] AUSTRALIA SERVICE THREE STM 1/3 V KYOSEIMMU 5/1 ftp MftYSK 1 9/10 Apr KYOTEN MARU 29/21 ftp M PORT 3/4 ftp «/lftp 22/23 ftp FlSlftDEl. MEU SYD FREM, ftOEl. MEL BRIS, SYD A DEL. MEL. SYD BANGLADESH SERVICE MAY BREEZE 15/16 ftp 13/14 ftp CHITTAGONG. CHALNft GENERAL697 words
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Advertisement647 1978-03-31 14 L. Jland U.S.A./ ASIA SERVICE DRY KFRIWMTED CONTMKR StUfO MIL INC FVERY MEDNESOAY FOR PO«TS IN USA. CANADA. CARIBBEAN. (ATM. KOREA. TAIWAN HOW ION&. THAILAND AND PtMllfflNES VESSEL/VOYAGE Vessel Amm/deoarts PONCE V-321 GATEWAY CITY V-693 APR 11/12 PONCE V-322 11/19 C.F.S. Closes 5.00 PM. APR 3 APR 10 APR 17647 words
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Advertisement1054 1978-03-31 14 a I Everett Lines 'BURMESE NATIONAL LINE' HTANTAWT* HTONEYMA NIPT/3 Mi 1/9 RPR B F S.S C Agent* >n Mo»oyva TEPS MALAYSIA Port Ketonq T»l (38J-7355 Penang Tel *****/ ***** NraftMi luroii—ld S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOAOINC FOR DURBAN CAPETOWN BUENOS AIRES PATRGOMU ARGENTINA p p 304/1,054 words
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Advertisement786 1978-03-31 14 H lARDINE AMI All Orient Overseas Co*dai*teA. Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) H. ROM CONTAINER M 1/4 2/4 11/4 21/4 22/4 24/4 24 (MENTAL CHIEF 8N |/4 H/4 n/t M/ 4 2/5 4/5 1/ S SEAS BRIDGE 15N 15/4 ii.l 3/5 7/5 5/5 11/5 13 ORIENTAL RESEARCHER786 words
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Advertisement1275 1978-03-31 15 OCL Overseas Containers Limited if service r» w/cwnnrt: Kt«f trwa fdtm Na*rt IHm P Ww| tun MP Pa* Si In SaiM Sailll Satlal la Nat I Mr HK, KS. SUM SUM 111 li SuM tl 111 i Apr I Ap HK. KS. SaiMt bM Sa.M Sa.lat !iM I Mill Hi1,275 words
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Advertisement1299 1978-03-31 15 Ben Ocean Afoot service of Ben Line. BkjeFUnnelGien Une and NSMO tb ii/cintinent (na two Sngapora P. Keianp iaroM 1/ I Apr 15/1' Apr 11/14 M' 11 Mpy Bilbao, Aast. H'karf, IMii* 11/1* Apr M/I1 Apr 11 lb) Lisao*, li un, Hull. 21, Jt Apr 1/ 7 May 4/ 11,299 words
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Advertisement1047 1978-03-31 15 BEN LINE Gna fJJZi t¥M»± mm M BuRG I HAVEN IDW HAVRE SCTOH Smpport p. Kalmt m. Utwmirimu* ■mil Enact am ux MMHK lIWU I Hr I I*l lUU IK IS Mr M Apr A»r DrllMll Mr ■Kq toy t toy II Mr 4 toy ■ENAVtN It lr 17 Mr1,047 words
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Advertisement252 1978-03-31 15 As from Ist April, our new name in Malaysia will be: ■a CO C "O (0 0) A a /moftflc H «*x ,X■*7__ X »>■ ■*x< iw vy ff? ■&H 344*, Te'.ok Ayer S pore P. Kelang Penang L»i*n hr: (Pantianak) 1/ I Apr 1/11 Apr 12/14 Apr Ipool'Nport. R'dam,252 words
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Advertisement581 1978-03-31 15 GUTHRIE BOUSTEAD s THE BANK LINE LTD i SINGAPORE *****4 PT KELANG 3«:301 KUALA LUMPUR *****1 PE MANG *****1 REGULAR INDEPENDENT SERVICE FESCO LINES FESCO STRAITS PACIFIC LINE FM PACIFIC NORTH t SOUTHWEST: MV MAXMTUM Mill MV AIISNEI NAVOI MV A. VEIMISNEV MV ANTOI CNEINOv 'lISCN OMIT. S port P.581 words
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Advertisement961 1978-03-31 16 "K" LINE KAWASAKI DON KABMA LTD. frit cmtaikiisei soma ?i emk (via sko Sport P. Kilarf L Hrrrt HTwrj Brpaea MNCXONt CONTAINEI IW 1 Apr 2 t|r «|r 21 tfr C l|t MENTAL CHIEF IW IMr 11 Apr Apr 2 May 3 May SEVEN SEAS MICE ISW IS Apr 'II961 words
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Advertisement888 1978-03-31 16 sictiigm TO. MANIPtfR 1 ■t.6. UUUM ENANC ISLANR AM A I AMI ISLAND JICAN PMENIX SENTOSA ISUNO CHAM ISLAND SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA Voy Sinrapora P. Katang Ptflaag UMm fx IW 1/ 7 Apr Hodtidab, JeddAh. 0/10 iff Lagos. Apapa888 words
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Advertisement964 1978-03-31 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: IMSKZT MMMM CMTIHOt 1 Apr ORIENTAL CHIEF I Apr SEVER SEAS MIKE IS Apr oriental Ksuacaa a ipr CNEVILIER PML a Ipr NEPTME CfMl 4 Hay tMYMC CMTIINEI fun CM 'AH mail cal U I FMH EHjftffUap I OMENTAL RESEARCHER CMEVAIIEI PAN. P964 words
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Advertisement719 1978-03-31 16 MALAYSIA* INTERNATIONAL SHUWNG CORPORATION BCRHAD m> KL aiMi EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/CONTINENT/SCANDINAVIA fw*r f. Ktlaaf VttMl (UIMU 111 MM nUUKfSCi Kl. KJ I LI AMU W/4 TtTMU nuMCMCA a/« uhwi S un 1) KMillM a Mm 39 HMrt 4) Chart IIM IV4 4 n J HI 4 ii/«719 words
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Advertisement679 1978-03-31 16 INTRASEA (PTE) LTD K KNUI MKPENKNT SEM/FIU. CMTAMEI SEWKE T» HMK S'pore P. KHang Penang Laadtal Np um Mine 1) Apr I Apr 17 Apr SWTdw^lw|/ A'warp. M.V. UK VMNV 25 Apr 21 Apr A'verp/R'dMi/H'bnrf. M.V. BCLVAL 1 May M'eeHles/S'toa/rdam/ HTwrg/GTwrg. .ILV. LM VINT M.V. KLVAL 25 Apr 21 Apr679 words
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