The Business Times, 1 April 1978
1978-04-01
1
12
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The Business Times
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Title Section11 1978-04-01 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, APRIL 1, 1978 50 CENTS11 words
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BRIEFLY...
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Article75 1978-04-01 1 Reuter LUXEMBOURG, Frl. Denmark and Italy suffer from the highest Inflation rates among the nine member countries of the Common market, according to figures published here today by the EEC Statistics Office. Consumer price increases for the member countries from February 1977 to February 1978 were asReuter - 75 words
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Article58 1978-04-01 1 Reuter TOKYO, Frl. The Finance Ministry has placed part of the recent sharp increase in official foreign exchange reserves with the 14 leading Japanese commercial banks here. Informed banking sources said the aim Is partly to reduce the psychological impact on the foreign exchange market of theReuter - 58 words
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Article61 1978-04-01 1 AP KUALA LUMPUR, Fri. The National Pad! and Rice Board (LPN) signed a contract with China today for delivery of another 11,000 tonnes of white rice during the second half of the year. This would bring the total to be delivered by China to 210,000AP - 61 words
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Article43 1978-04-01 1 TOKYO, Fri. An international mining joint venture has successfully collected 300 tonnes of manganese ore from the bottom of the South Pacific for the first time using an underwater pump system, the Japan Deep Sea Mining Co. said today.43 words
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Article74 1978-04-01 1 Reuter TOKYO, Fri. Secretary-general of Japan's ruling Liberal Democratic Party, Masayoshl Ohlra, said today that he opposes changing the country's economic structure to check the latest appreciation of the yen against the US dollar. The former Finance Minister said such a change would "mean death to Japan'sReuter - 74 words
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Article71 1978-04-01 1 Reuter FRANKFURT, Fri. West European countries should agree to limit differences between their currencies as this would help to relieve pressure on the US dollar. Commerzbank AO Managing Board spokesman Robert Dhom said economic differences between European nations are too great to include thenf all In the jointReuter - 71 words
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Article28 1978-04-01 1 HONGKONG, Fri. Garment manufacturers here wish to bring in at least 40,000 workers from the Philippines to fill job vacancies, a Legislative Council report said today.28 words
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Article76 1978-04-01 1 UPI NEW YORK, Fri. Another record US trade deficit helped turn prices lower early today. Turnover was moderately active. The Dow Jones industrial average, which slipped yesterday for the first time in three sessions, was off 3.12 to 756.50 shortly before the first hour of trading. Of theUPI - 76 words
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Chief Price Changes
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Article127 1978-04-01 1 Rises Most active Sungei Besi 520 Bat* 296 PMRI 285 O C B C 650 Selangor Dredg 428 Pegi 430 G E Life 1050 Strait* Trading 620 Con* Plant 585 Cold Storage 214 Island Pen 260 Foils K L Industries 58 High Low 272 MalakofT 257 Supreme127 words
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Article, Illustration169 1978-04-01 1 Rises Most active SgBesi 5.45 .30 API 308.000 OCBC 6.70 30 Syn Resins 197,000 Alcom 2.10 .19 KL Kepong 165.000 S Trading 6.40 >.15 S. Darby 153.000 Tongkah 2.66 .10 Matsushita 3.30 .10 Total Turnover: 3.56 m Castlefteld 8.40 .10 Total Value: MS7.66 m S P Text169 words
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Article672 1978-04-01 1 RONNIE LIM - SHOCK FOR CONTRACTORS By RONNIE LIM SINGAPORE contractors will have to pay another 8 per cent more for their cement, following a Joint decision by the five cement manufacturers to raise their price for bag cement to $127.50 per tonne. According to an Industry source,672 words
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335 1978-04-01 1 AP THE United States recorded the worst trade deficit in its history in February as the nation imported US$4.5 billion (5510.4 billion) more than it sold abroad, the Commerce Department said yesterday. The monthly deficit, the twenty-first in a row. surpassed the record $3.3 billionAP - 335 words
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713 1978-04-01 1 A JAPANESE electronics component manufacturer. Samlda Electric, has set- up an offshore manufacturing base In the Republic. While Its initial planned investment comes to a modest $500,000. Mr. Norio Hata, the managing director of the company, indicated that there is the possibility of the group713 words
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Article204 1978-04-01 1 A COMPANY has been set up In Singapore by the Indonesian National Shipowners Association (INSA) to handle all Indonesian government project cargo passing through Singapore. The name of the new company is Pelita Utama and it serves as a cargo booking centre. It will work closely with204 words
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348 1978-04-01 1 THE Malaysian government signed an agreement to issue a 15 billion yen bond (SSIS6 million) on the Japanese capital market with a Japanese underwriting syndicate of 30 firms, Daiwa Securities Co Ltd said in Tokyo as lead manager. This is the first public348 words
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594 1978-04-01 1 SINGAPORE signed an air services agreement with the US yesterday, allowing Singapore Airlines (SIA) to forge its first trans-Pacific link since its establishment. With the signing of the agreement by Mr. Ong Teng Cheong, Senior Minister of State for Communications, and Mr.594 words
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Page 1 Advertisements
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Advertisement24 1978-04-01 1 LANIER COURIER the perfect secretary.... U5 M high 2Va" wide lOoz. wt. works 24 hours a day and never grumbles Soto Agant: DON fW,24 words
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Advertisement93 1978-04-01 1 Braun Synchron Plus Braun's Synchron Plus. For the man who must have a closer, smoother, faster shave than any other shaving system can give. The exclusive features of this shaver include: Tissue-thin super-flexible electro-formed nickel foil. Mas unique pattern of cutting holes and slots. Platinum-coated to give you a smoother93 words
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Advertisement82 1978-04-01 1 ELECTRONIC replacement for iwltdibwid girls 2 JAPANESE introduce Charade to Singapore 2 ITB strive* to keep employer rapport 2 AUSSIE devaluation by stealth 3 CURBS planned for shipping agents S WHAT are the returns for sponsorship CAUTIONARY words for market punters 7 HIGHER payout from Highlands and Lowlands 11 HAVE82 words
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Advertisement403 1978-04-01 1 Everett Lines FOR THK MOST FRIQUCNT SAILINGS TO BANGKOK NONGKONG JAPAN PUSAN. Everett Steamship Corpn. S/A THESE ARE THE BOOKS THAT HITLER BURNED :-m i"ar fk k: H '"""■•A THE GREAT BOOKS OF WESTERN CIVILIZATION These arc the books that had to burn For within the GREAT BOOKS are volumes403 words
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TRADE AND INDRUSTRY
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592 1978-04-01 2 RONNIE LIM - JUNIOR TRAINEE SCHEME By RONNIE LIM THE Industrial Training Board will hold a one-day seminar entitled "Junior Trainees Tomorrow's Workforce" this Monday, aimed at encouraging more employers to support Its junior trainee scheme (JTS). Mr. Lim Jit Poh, ITB director, said yesterday that more592 words
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Article, Illustration129 1978-04-01 2 THE conventional crossbar exchanges requiring a switchboard with a receptionist or telephonist at her desk will soon be a thing of the past when the electronic Mlnlmat systems are introduced here. The electronic system Is geared to meet the rapid changes and high standards required in modern-day129 words
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226 1978-04-01 2 Reuter WORLD natural rubber production tose to 2.95 million tonnes in the first 10 months of 1977 from 2.93 million in the same 1976 Krlod and 3.56 million in e whole of 1976. The London International Rubber Study Group figures also show consumption totalledReuter - 226 words
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Article56 1978-04-01 2 THE authorisation service of Bank Amerlcard/VISA will be extended to 24 hours a day, except on four public holidays. More than 2.4 million Bank Americard/VIS A establishments throughout the world will adoDt the new authorisation hours from today. The credit card organisation expects better sales and56 words
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380 1978-04-01 2 Reuter TEN LEADING Japanese trading companies will have to decide whether they can agree to a proposal from four East European countries for a simple extension of private Japanese credit lines due to expire yesterday, the Ministry of International Trade and Industry (MlReuter - 380 words
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563 1978-04-01 2 THE palm oil Industry has the capability to offset part of its increased costs of operation resulting from the Implementation of pollution control measures if serious attention Is given to the possibility of produclng animal feed and methane gas from palm oil563 words
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Article, Illustration414 1978-04-01 2 COLIN CHEE - •y COLIN CHEE THE DAIHATSU 1000 is being introduced into the domestic car market with a number of firsts to its credit. It has already won the Japanese Car of the Year award for 1978 Just three months after Its introduction on Japanese highways and has been414 words
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Article230 1978-04-01 2 SMALLER enterprises are becoming more aware of the role of the National Productivity Board (NPB) In helping them raise productivity. Last year, the board's 46 projects for 37 clients Involved helping managements Identify problem areas, recommending Improvements and helping to implement proposals. Only eight of230 words
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Article192 1978-04-01 2 AFP THE National Council for US-China trade in Washington has announced a new programme aimed at Increasing American exports to China. The audio-cassette programme features leading members of the China trade community In the United States. It is Intended to Introduce US sales managers toAFP - 192 words
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Article162 1978-04-01 2 DATE TITLE COURSES AND TALKS LOCATION ORGANISER Mar 30Aprll 1 Factory work simplification SIM Conference Room SIM April 3-20 Industrial Relations Hilton Personnel It Organisation Development April 4 US Tax Seminar American Embassy American Embassy April 24May 11 Employee Training Development Hilton POD April 27 Export Financing Shangri-La162 words
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Page 2 Advertisements
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Advertisement339 1978-04-01 2 Slow boat i r tilSi% if *i Mr w. > d. 4* \i\ A J 5 <asm CHINA TRADE QUARTERLY Far East Publications g-p 1913, Hanglung Centre, Paterson Street, Causeway Bay. Hong Kong. I IPlease enter my full subscription to China Trade Quarterly. lam enclosing a cheque/money order for US$2OO.OO339 words
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OVERSEAS
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480 1978-04-01 3 AP THE Carter Administration is looking to the private sector to tame inflation by voluntarily trimming the rate of wage and price increases in the United States, Charles Schultze, chairman of the Council of Economic Advisors, said on Thursday. "We can't wringAP - 480 words
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Article129 1978-04-01 3 Reuter THE BANK of England has announced the setting up of a new self-regulatory body covering securities called the Council for the Securities Industry. The council's establishment follows extensive consultations with existing regulatory bodies, in particular the Takeover Panel. Its creation is to improve the effectiveness and cohesivenessReuter - 129 words
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899 1978-04-01 3 Agencies NATIONAL Steel Corp. America's third largest steel producers, announced on Thursday that it is raisin* prices by US$5.5O (5512.70) a ton in a move likely to put pressure on US Steel Corp. to reduce its much larger increase. "Obviously we're very pleased." saidAgencies - 899 words
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416 1978-04-01 3 Agencies US GOVERNMENT data released on Thursday indicated that the coal strike and severe winter weather did only mild damage to the economy and supported forecasts or a quick rebound. The Commerce Department reported that its index of leading indicators levelled off inAgencies - 416 words
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296 1978-04-01 3 Reuter AN AMERICAN Soybean Association (ASA) official has recommended a 10point programme to boost US agricultural exports. Carl Marriott,-. ASA vice president, told a Senate international finance subcommittee hearing on iigricultural trade that American agriculture has been losing ground to aggressive competition from otherReuter - 296 words
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422 1978-04-01 3 AN ANALYSIS by the Antitrust Division of the US Justice Department showed that there is no need for Congress to require oil companies to get out of the coal business. Assistant Attorney General John Shenefield. who is responsible for antitrust422 words
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414 1978-04-01 3 NARROWLY defined money supply. M-l, In the United States rose US$2.l I billion to a seasonally adi justed $340.7 billion in the week ended March 22, the I New York Federal Reserve Bank said. For the four weeks ended March 22, M-l414 words
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528 1978-04-01 3 THE Australian dollar's 17.5 per cent decline against the Swiss franc in the past six months has highlighted the "devaluation by stealth" concept which has been operating in the country over the past year following the political turmoils of 1972 to 1975. The528 words
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WORLD IN BRIEF
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Article528 1978-04-01 3 Agencies THE US government has been urged to encourage more competition in the banking industry to improve services for customers. Senator Thomas McIntyre. chairman of the Senate subcommittee on financial institutions, said he was hopeful Congress would approve a bill this year allowing all banks to offerAgencies - 528 words
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Page 3 Advertisements
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Advertisement121 1978-04-01 3 A luxurious and comfortable split-level Largest Hilltop Garden House in Thomson area GOLDEN HILL PHASE StlUmEm fwHILLTOP 2 STOREV SPI IT I FVTL [s; v d* menj B'JNGALO A —mm GOLDEN HILL LOCATION PLAN UPPER SERA MIL i TOP STOREY SPLIT LEVEL TERRACE HOUSE GOLDEN HILL PHASES roao •uawrrmnMs freehold121 words
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Page 3 Miscellaneous
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Miscellaneous613 1978-04-01 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Flattened a hard man (6) 7 Superior way to travel (4. 4) 8 Redskin longing to get round father (6) 10 Silly secret agent out of work (5) 13 He cooks some spinach effectively (4) 14 Space one may figure to find (4) 15613 words
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RAW MATERIALS
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Article390 1978-04-01 4 THE Singapore market closed very quiet with April One RSS buyers quoted at 202.25 cents per kilo yesterday, up 0.25 cent on Thursday night's close. Dealers said the afternoon session ruled very quiet and featureless with prices little changed due to lack of interest. The morning390 words
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Article344 1978-04-01 4 Prices In cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R S S prompt f o b. 201.75 202.75N 201.75 202 75N Int. 1 RSS April 202 25 202.75 202.25 202 50 Int. 1 R S S May 203 00344 words
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Article100 1978-04-01 4 NOON SSR and SMR prices yerterday: HAS April May (Current Mth) (For ■ward Mth) Buyers Seller* Buyer* Seller* (cm super kg) (CM ■Uperkf) SSR 20 (1-ton pallet) 192.50 104 50N 193.50 195.SON SSR 50 (1-ton pallet) 190.50 192.50N 191.50 193.50N MRELB SMR5CV (1-ton pallet) 213.50 215.50N 214.00100 words
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Article29 1978-04-01 4 Rubber: March 31: Singapore: April 202.25 cents (up 0.2S cent) Malaysia: April 206.00 cent* (up 0.25 cent) Tin: ti.519 (up Official offering: 290 tonne* (up 3 tonnes)29 words
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Article210 1978-04-01 4 ROBUSTA futures in London yesterday ended the opening call £5 to £17 down. Turnover was 106 lots and the market tone steady. Spot March lost £9 at £1.458 while May was five down at £1,447. Biggest losses were confined to untraded deferred months. Dealers said initial trading was somewhat210 words
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Article386 1978-04-01 4 STEADY conditions prevailed in another day of quiet trading on the Singapore produce market yesterday. Pepper packers managed to sell about 20 to 30 tonnes of the commodity to the United States. Dealers from this country were still making inquiries in the local pepper market as not all386 words
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Article291 1978-04-01 4 TERMINAL sugar in London yesterday opened C 1.95 to £2.30 down but later steadied slightly on weekend short-covering and mixed covering linked to weakness of sterling. The London daily raws price was L'l down at l'lo2 but whites were unchanged at 1106. On Thursday, terminal sugar staged a modest291 words
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Article74 1978-04-01 4 C I F US dollars per ton: LONDON: Thursday Pnvinu Malaysia 5% ffa bulk June 572 sir 583 sir Sumatra 5% ffa March 590 pd 500 pd April 835 pd 635 pd May 815 sir 835slr/832*pd June 575 sir 505 sir July 570 sir 585 sir Ang 57074 words
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Article248 1978-04-01 4 THE Straits tin price In Penang gained Ms 9' per plcul to $1,519 yesterday. Steadier conditions In London encouraged some buying demand from US, Japan and local dealers. Turnover Increased further to 290 tonnes from Thursday's 287 tonnes due to end-month clearing by miners. In LONDON yesterday, tin248 words
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Article292 1978-04-01 4 TERMINAL cocoa in London yesterday staged an early £40 limit advance in near May at £2,105 per tonne and strengthened further In special call dealings. taking all positions except spot March to new 1978 contract highs. Market sources said there were signs of renewed European lndustrv Inquiry for nearby292 words
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Article401 1978-04-01 4 THE sugar market closed easier after continued dull and featureless trading yesterday, with seven lots traded against eight on Thursday. Trading was again restricted to July and October, which fell 0.31 and 0.34 US cents respectively on commission house selling. The Hongkong dally spot sugar price fell 0.05401 words
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Article204 1978-04-01 4 BANGKOK prices were as follows yesterday: US dollars per tonne fob basis Bangkok: White Rice: 100 pet Ist class 437, 100 pet 2nd class 422, 100 pet 3rd class 417, 5 pet 408. 10 pet 395. 15 pet 387. 20 pet 382. 25 pet 372. 35 pet unq Broken:204 words
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Article212 1978-04-01 4 SOYBEAN futures finished sharply lower In old crop months with new crop mixed, In Chicago on Thursday. However, late buying interest pulled the May and August up from their limit declines. While July fell the 30-cent limit. May lost 28 cents lower and August 24-1/2 cents. Nearbys plunged for212 words
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Article97 1978-04-01 4 WHEAT futures closed In Chicago on Thursday at the day's highs, up 11 to eight cents a bushel at a new high close on Its recent advance. Early speculative support generated by measures to Increase the grain reserve and possibilities of a higher target price took prices upward Initially.97 words
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Article321 1978-04-01 4 COPPER wlrebars finished In London yesterday morning with losses of £8 per tonne for cash and £8 50 for Three Months. The early pre-market was steady on short-covering prompted by the easier trend In sterling against the US dollar, with up to £720 paid for Three Months. Three Months321 words
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Article187 1978-04-01 4 On Thursday, silver on the LME showed gains of 2.5 to 2.4 pence per troy ounce. Values declined during the early afternoon under liquidation prompted by the downturn in US futures with Three Months trading down to 288.4 pence during first ring dealings. In NEW YORK Thursday, comex silver187 words
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Article407 1978-04-01 4 Source: Singmai IN SINGAPORE, the kilobar yesterday opened at Ssl3,fBo and moved lower to close at $13,439 in quiet trading. In London, the metal opened at US$lBO.5O/ 80 and closed at $180.00/ 30, with the decline being influenced by the slight firmness in the US dollar. The London morningSource: Singmai - 407 words
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Article61 1978-04-01 4 ZINC at the end of the morning ring was £2.75 lower for cash and £0.50 down for Three months in London yesterday. However, freer offerings of cash from an influential quarter widened the contango to around £5. Ring sales of 2,750 tonnes were about half carries. zinc on Thursday61 words
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Article62 1978-04-01 4 LEAD ended In London yesterday, the morning ring C 5.50 down for cash and for Three Months. Three Months traded from 1321 down to €315 on the pre-market and finished the ring around this level despite rallying briefly at one stage on some covering. Lead on Thursday closed with62 words
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MONEY AND EXCHANGES
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Article461 1978-04-01 4 THE US dollar fell yesterday afternoon after rising briefly. Overall, parities with major currencies remained unchanged on closing. The pound, however, was weak and declined slightly against the dollar. On the local money market, base calculation day saw a rush by banks to clear excess funds and the461 words
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Article79 1978-04-01 4 WITH the prime rate cut to 7 per cent by DBS and Citibank, virtually all bank* in Singapore are now offering the tame terms to their best customer*. Oversea-Chinese Banking Corporation still maintains iu per cent while only Chartered and United Commercial Bank are now sitting with79 words
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Article185 1978-04-01 4 Asian rates ASIAN currency deposit interbank rales as at close on Mar 31 US Dollar* <%•<> Offer Bid 7 days .7 1/4 7 1/8 1 mth .7 1/4 7 1/8 2mths .7 3/4 7 1/4 3mths 7 7/16 7 5/16 6 mths 7 13/18 7 11/16 9 mths .7 15/16185 words
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Article47 1978-04-01 4 RANOE OF prices offered by discount houses on Mar 31: Overnight 1 3*.% Call deposit 2 3** Clown* Buying Sellinc 3-Month Treasury bills 3 3/16 3 1/1« 3-Month Bank bills 4 3/4 4 6/8 3-Month CD 4 7/8 4 3/4 6-Month 4 5/16 4 3/16 Source:47 words
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Article62 1978-04-01 4 Euro rate LONDON Eurodollar deposits opening quotes on Mar 31: Weekend 3, 2-7/8 i Mon/ Tues and Tues/ Wed 7-1/4, 7Call two days, seven days fix and notice 7-l/«, 7-1/8 One month 7-5/1#, 7-3/16 Two mths 7-3/8, 7-1/4 Three mths 7-1/2, 7-3/8 Four mths 7-ll/ie, 7-9/18 Five mths 7-3/4, 7-5/862 words
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Article61 1978-04-01 4 RESULTS of tender held on March 31 for 91-da? and 182-day bills: 91-day bills to be Issued from April 3to7 182-day bills to be issued on April 4 Offered: Applied for: Allotted: Accepted Bids: Average rate of discount on allotment: <30,000,000 $85,420,000 $30,000,000 $99.21 approximately 63%; higher61 words
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Article208 1978-04-01 4 STERLING and the US dollar both weakened against other major currencies In moderately active Friday opening trading. Dealers said US February trade figures are due later and the size of the expected deficit after January's 552.38 billion shortfall may serve as a pointer to shortterm market reassessment of the208 words
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Article185 1978-04-01 4 THURSDAY'S dollar closed firmer against sterling, although weaker against other major currencies. In fairly quiet, featureless trading. Dealers said sterling's weakness partly reflected a reaction to a Cambridge University applied economics department forecast of a poor medium term trade trend, as well as apprehension ahead of the British185 words
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Article97 1978-04-01 4 YESTERDAY'S US dollar tfosed firmer against sterling and the yen in quiet end-fiscal-1977 trading. It also firmed narrowly to 2.0275/85 marks from 2.0260/70. The Hongkong dollar weakened to 4.6240/60, despite an upturn in domestic money rates to around 6 per cent from 5% for overnight funds and to 5%97 words
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Article141 1978-04-01 4 FRIDAY'S US dollar for overnight delivery closed at 223.40 yen, up from a 211.80 opening. Dealers said no central bank intervention was detected. Trading was moderate with volume $494 million. After falling initially to 221.50 yen on dollar selling by foreign banks to buy yen, the US currency recovered141 words
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Article60 1978-04-01 4 ZURICH exchanges closing quotes on Mar M US 1 88M-8870 Sterling 3.5164-5202 Can 1 6644-6658 D Mk 92 8607-9557 D Ft M 8204-9065 f Fr 40 8402-9061 B Fr 5.9684-9753 D Kr 33 8387-8718 N Kr 35 5447-57M S Kr 41.0401-0708 Lit 0 2209-2211 A us sch 12.8935-9092 Port60 words
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Article59 1978-04-01 4 AUSTRALIA/NZ exchange* quotes on Mar 31: AUSTRALIA: US dollar 1.1455/ 1.1407 Sterling 0 8163/ 0.6091 Ninety-day air mall buying rate*: Sterling 0.6312 US dollar 1.1755 Ninety-day forward buying rates: Sterling 0 6156 US dollar 1.1437 NEW ZEALAND Sterling 0 5491/ 0 5461 US dollar 1 0275/ 1.0175 Ninety-day airmail59 words
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Article292 1978-04-01 4 Straight* Bid Offer FFI Stg 9% 87 00.50 97 25 Courtaulds stg J* 95 00 95 75 EIBstg 9% 92 95 50 98.25 Fi sons stg 1# *E w so 100 25 {nc»»2 97 12 97.82 Inco8't 84 97 12 97.82 Sparbankemas 8*. 88 97.50 96 50 Shell 8V.292 words
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Page 4 Advertisements
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Advertisement145 1978-04-01 4 Don't let the language barrier stop you from wider contacts r iPZ m i W** v v t 4 p^ K Y --W YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess ing a second or third145 words
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TRANSPORT
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878 1978-04-01 5 TERESA LIM - By TERESA LIM THE RECENT formation of the Ship Agents" and Brokers* Association of Singapore (Sabas) resulted from a desire to curb the proliferation of fly-by-night companies. These companies sprang up with the shipping boom and continue to operate although the> have not been ratified878 words
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Article, Illustration103 1978-04-01 5 NY K' s latest iron ore and coal carrier, Onoe Maru No. 2, was completed earlier this week at the Oppama Shipyard of Sumitomo Heavy Industries. The dual-purpose 117,500 dwt carrier is a sister ship of NYK's Chikubu Maru which was completed in April, 1976, on the103 words
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Article, Illustration316 1978-04-01 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bahia De Cochinos(2loo after Thermopylae Tema hauls) 8/9 Barge STB 5 (1300 alongside Michigan) 31/32 Bremen Maru (JKKU) (0600 after Vishva Tarang) 33/34 Fuji (Ice Breaker JSTY) (0600) 47 North Michigan (1200 after Vishva Tarang) 31/32 Nedlloyd Fukuoka (1800 after Gerbera) 3/4316 words
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Article141 1978-04-01 5 AP DESPITE continued quiet chartering conditions. North Atlantic grain rates for prompt loading bulkers appeared to hold steady. The Moshill, for instance, repeated USSS (SSI 1.55) (FIO) for a 75.000-ton M;irch-April shipment from US Gulf to Holland. Other grain operations included a 35.000-ton April 12 to 25 shipmentAP - 141 words
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590 1978-04-01 5 A JAPANESE group has developed a hydraulic crude oil tank auto-cleaner in response to increasing concern about pollution. Called "Hy-Otac Mark II". the unit was jointly developed by Niikura Kogyo and the Japan Ship Machinery Development Association. The crude oil washing590 words
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Article, Illustration237 1978-04-01 5 AIR New Zealand has plans to introduce a third nonstop service between Auckland and Singapore before the end of the year. This was disclosed by the airline's general manager and chief executive. Mr. M R. Davis, at the end of a week-long visit to237 words
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213 1978-04-01 5 UPI THE JAPANESE Government has decided to reset the opening date for the new Tokyo International airport at Narita following an attack on the facility by radical students who heavily damaged the control tower. Members of Prime Minister Takeo Fukuda s cabinet heldUPI - 213 words
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Article184 1978-04-01 5 AP CHINA is considering buying a fleet of Boeing 747s and 727s in the near future, the South China Morning Post, quoting the president of Boeing Commercial Airplane Company of Seattle. Washington, reported yesterday. The paper reported Ernest •'Tex" Boullioun as having said the ChineseAP - 184 words
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Article101 1978-04-01 5 THE SHIP management subsidiary of Keppel Shipyard. Kapal Management is now a member of the Singapore Shipping Association. The Singapore Shipping Association in the latest issue of its publication. Seafreight. said Kapal is the second Rovernment-related «-omp;iny to join the ussociiition. The first was Nep- tune Orient101 words
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Article168 1978-04-01 5 Reuter THE Queen Mary, for years the pride of Britain's Atlantic liners and more recently a tourist attraction in Long Beach. California, is up for sale again. City officials have offered the 81.000-tonne former Cunard liner for sale and the Los Angeles TimesReuter - 168 words
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Article704 1978-04-01 5 ARRIVALS Service Local Operator Number Time From CAL CI333 0040 TPE/HKG/KUL TMA TL345 0530 BEY/DXB/BOM MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH62I 0840 PEN MAS MH607 0845 KUL > MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 1000704 words
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Article143 1978-04-01 5 JAPAN is likely to place firm orders for European aircraft in the next six months. EEC External Affairs Director-Genral Roy Denman said that the EEC delegation, which visited Tokyo recently for trade talks, received an encouraging impression from discussions on possible aircraft sales, though he does not143 words
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Page 5 Advertisements
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Advertisement224 1978-04-01 5 W 4S i c < fRn < i > MM N $105/- POST FREE 310 pages. 30 x 27.5 cm with 253 illustrations including 92 plates in full colour. In the kingdom of flowers, orchids are the undis puted glamour queens. Their elegance of form, vitality, and almost sinister exoticism224 words
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449 1978-04-01 6 THE International Monetary Fund has been given the authority to comment on exchange rate practices, to abolish the price of gold and to Increase the use of SDRs. All this sounds like the fund board will now be able to tackle more effectively the449 words
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Article267 1978-04-01 6 THE PHILIPPINES has made tremendous gains in the promotion of its offshore banking system which deals mainly in foreign currencies. Total assets have shot up, partly as a result of fiscal Incentives, but domestic loan demand must also be an Important factor because of267 words
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Article, Illustration2015 1978-04-01 6 SIVA ARASU - »y SIVA ARASU DOES a corporate giant ever really give something for nothing? If It does which is debatable, for a start maybe it shouldn't, said Mr. Joseph Pillay, chairman of Singapore Airlines last week. But how sincere are these latterday Renaissance patrons of the arts, philanthropist2,015 words
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Article, Illustration131 1978-04-01 6 *There appears to be some misunderstanding in Singapore of the role of corporate philanthropy. A general belief prevails that any corporation, particularly if it is large and does not lose too much money, is a cornucopia of funds for any and every good cause, and some not-so-good131 words
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Page 6 Advertisements
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Advertisement595 1978-04-01 6 W Orchard Road, S'pore t. Tel: *****2 406/407 Havelock Road, S'pore 3. Tel: *****1 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) open595 words
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Page 6 Miscellaneous
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Miscellaneous140 1978-04-01 6 THE unstable atmospheric conditions over South-east Asia during the last few days were generated by tropical storms to the south and southwest of Java and are expected to persist for another four to five days. It is therefore likely that showery conditions often accompanied by thunder should affect Singapore during140 words
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Miscellaneous332 1978-04-01 6 TV RADIO SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 55 2.05 Lassie Feature The Voyager Starring: Lassie, Robert Bray, John Archer 335 Police Surgeon Bagfull Of Dreams 4.00 Soccer Malaysia Cup '78 Singapore Vs Perak 0 5.00 Sandiwara A Malay drama entitled "Selintas Harapan" (Repeat) with English332 words
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Article, Illustration1555 1978-04-01 7 By OUR REPORTER BANK NEOARA Malaysia's latest annual report indicates that, despite much diversification and basic structural change, international developments continue to have profound Impact on the Malaysian economy. For 1978, the international scene Is far from optimistic. Indications are that the cyclical recovery In1,555 words
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Article, Illustration543 1978-04-01 7 WELL, what else can you do when there ia no sawmill to supply you with planka? You just have to do it by hand like this, primitive but effective. Our Man in Borneo tells us this is the way they do things still, upriver from Belaga,543 words
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1540 1978-04-01 7 FORUM on investment L By HOCK LOCK SIEW MANY books and articles have been written on Investment. Some of these have been nothing more than the work of quacks. They tend to use a tremendous amount of verbiage to describe what Is essentially a personalBy HOCK LOCK SIEW - 1,540 words
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Page 7 Advertisements
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Advertisement93 1978-04-01 7 T* r"W f Hi PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 QUEEN'S HOTEL 24 Mount Elizabeth, off Orchard Road Singapore 9. Tel: *****8 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SB s, V: ihi COGNAC "amcjS t NAPOI F(>N coc.mac 1 A,aa(J- 1 s *and vsot S93 words
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Page 7 Miscellaneous
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Miscellaneous52 1978-04-01 7 BriStcW :FtenkDictexs ITS NOT PiN QVSY JOB But it vap\S its RGurbdS TMe MOORS RR£ LONG ftMD TMG. PpiN/ MoT RS mjCH PiS WC UXXA-D 6«JT [IT'S wp>ppy ship Ml Can't nßornise pi bgd of Roses SecßOse u£ FUSE. DeftLirtG U)»TM ftN UNP«EO»CTpe>L£ r mv De^R Wou uill see veR-v52 words
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INTERNATIONAL STOCK MARKETS
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Article507 1978-04-01 8 Tokyo Source: DBS-Daiwa THE stock market opened firm yesterday on heavy buying orders. In the morning session. Nippon Steel, Nippon Express and Sumitomo Chemical rose on heavy volume. This activity reflected competition between brokerage houses to Increase their volume on the TSE at the end of this month.Source: DBS-Daiwa - 507 words
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Article484 1978-04-01 8 Source: Sun Hung Kai See Ltd "WITH renewed vigour, the market continued yesterday to ..move up In early trading. Excellent results from Cheung Kong and Hong Kong Land did nothing for their prices in the morning but in the afternoon HK Land rose 15 cents to 7.30 in activeSource: Sun Hung Kai See Ltd - 484 words
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Article432 1978-04-01 8 THE market continued firm yesterday on institutional acting and overseas buying Interest. Dealers said BHP gained four cents to 5.82, the ANZ Bank five to 2.65, ACI three to 1.66 and Stocks and Holdings 10 to 2.30. Bundaberg and Pioneer Sugar firmed but CSR eased three to 2.54. Retailers432 words
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Article131 1978-04-01 8 THE market closed higher across the board yesterday. Dealers said turnover rose to 4.75 million pesos from Thursday's 3.99 million. All leading oils, minings and commercials closed higher while other Issues In all sectors had slight gains. MAR 31 Pesos Acoje Mining 008 0 0002 Atlas Con a Atlas131 words
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Article83 1978-04-01 8 BANGKOK: Thai Finance Minister Suphat Suthatham will sign an agreement for the private placement of 10 billion yen of Thai government bonds. A finance ministry source said the bonds will carry a maturity of 10 years, but the Interest rate has not been decided. The underwriters are83 words
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Article932 1978-04-01 8 New York THE stock market drifted lower in moderate trading on Thursday, erasing some of the gains of the past two sessions. Analysts blamed profit* taking and fears of higher interest rates amid mounting concern over the recent growth of the United States' money supply. The Dow932 words
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449 1978-04-01 8 FA Rol'hA.X MA /i'A7-;7N EUROPEAN markets generally closed higher. Amsterdam share prices firmed followed Christian Democrat gains in the Dutch provincial elections, the steady dollar and firmer Wall Street. Royal Dutch, up 1.30 guilder, made the main gain in internationals, with only Hoogovens lower449 words
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Article186 1978-04-01 8 MAR 10 Francs Actions Suisses 269 -I Alusuisse Br 1240 -10 Alusuisse Reg. 560 10 Brown Boverl Br 1655 -5 Ciba Geigy Br 1250 10 Ciba Gelgy PC 905 -5 Clba Gelgy Reg 659 -1 Credit Suisse Br 2390 unch Credit Suisse Reg 461 -1 Eleklrowatl Br 1625 -IS186 words
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Article285 1978-04-01 8 MAR 30 Frs CORBE1LLE Air-Liquide 283 90 +5.9 B S N Gervais LWnone 434 19 CSF<ThomsonCsJ) 200 ♦7 Cle Francalse des Pel roles 119 +3 Compagnle Financiers Compagnle Generale 349 50 ♦7.5 Credit Foncler De France 331 +5 Hachette i Librairie > 168 -2 Machines Bull 34 +0.5 Mlchelln(B)285 words
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Article222 1978-04-01 8 MAR 30 Dm Aef-Telefunken 89 10 -0.2 Akzo 21 80 +0.8 A Hz Leben 618 unch AllzVers 480 -5 BASF 138 -0 8 BayHTWbank 282 -J.5 Buy Vbank 314.50 -0 5 Buyer ***** ♦0.5 BBC 292 80 -2.2 BMW 224 50 +0.5 lassella 372 unch Chem Verw 230 ♦3222 words
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Article1468 1978-04-01 8 March 30 TRADINO on the Chicago Board Options Exchange came to 77,923 contracts on Thursday compared with 91,952 on Wednesday. OPTION APIJLY OCT 8TOCK Alcoa 40 5/8 17/8 3 40 A let* 1/18 0/10 1 40 Alcoa M UNTRD NOL NOL 40 Alcoa 90 UNTRD NOL NOL1,468 words
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Article230 1978-04-01 8 MAR 30 FU ABN ..7". 348 00 Ahold 102 00 Akzo 23 00 +0,7 AMEV 80 20 1-0,7 Amfas 104 00 unch Amrot Bank 73 60 ♦1 J Hergoss 56 00 -0-5 Berk 97 30 -12 Bols 68 60 +0 1 H"rsumij ***** +0 9 Burhmann 64 60 -0230 words
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Article86 1978-04-01 8 MAR 30 Frs FORWARD MARKET Acer 219 +2i Arbed 2300 unc/i Astur 510 "i H Brascan 458 uncVi Bru-Lamb 1438 +8 Canpac 480 Cock 350 unoi Df Beers 170 uticn Ebes 2350 Uttfh Electrobel 6110 re Gb-Inno-Bm 1885 -15 Oev 1264 Hobok 2150 -5 Petro 3850 dncfi Ryl Dutch86 words
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Article95 1978-04-01 8 MAR 30 Lire Anic 103 Assoc Gen ***** 100 H-istogi 412 2 Centrals 3501 -24 Plat 1945 -141" Finsider 73.7b (vatGen Immob 75 -1.^ IH Pri 2141 -10,^: iLalrementi ***** -4© Italgus 625 -4 Italsider 123 ♦J M;igneti M Pf 387 ♦1 M.irelli Ere 173 1 Mediob ***** -10095 words
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Article68 1978-04-01 8 FINANCIAL TIMES INDUSTRIALS Thursday 4^7.7 Wednesday «8.l Week Ago 460i5 DOW JONES AVERAGE INDUSTRIALS Thursday 758 Wednesday 781 78 Week Ago 75«.» LONDON DOLLAR PREMIUM Thursday 103* to 10$ Wednesday 99W to 99V H.K. HANG SENG £rtday 449 44 Thursday 444 08 Week Ago closed SYDNEY INDUSTRIALS Friday68 words
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Article230 1978-04-01 8 Abttibt 12*» unch Alcan 28'* S Algoma 18 unch Bunk Mont IS unch Bank Nova Scotia 1#** -S Bell Tel -s Beth Corp BP Can Lid 15% -s Brascan 16% s Camp Red Lake 35 -.B unch Can Imp Bk 26S •s Cunpoc 17S -s Canpac Inv Pf 16B230 words
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Article258 1978-04-01 8 MAR Rand INDUSTRIALS A Alpha 95 Abercom IS3 ♦3 AE And CI 230 4-15 AMIC 850 +40 Barlows 355 4-12 Cg Sugar 600 +40 CNA 120B unch Currie Finance 66 ♦3 I> BeersInd 860B Liberty 1120 50 Lonrho LTA 160B M And R 260 unch Mccarthy 63 unch Met258 words
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Page 8 Advertisements
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Advertisement205 1978-04-01 8 I 5 Si A well-read person is a well informed person. That's why he can always talk about any current event or join in on any conversation amongst friends, colleagues or at social functions amongst acquaintances. That's why very often you find many people crowding round one person. He draws205 words
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INTERNATIONAL COMPANY NEWS
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1150 1978-04-01 9 NORTH AMERICAN COMPANIES NYT e SPITE of decisions by at ist seven million Americans over the last decade to quit smoking, and In spite of persistent attacks by h'eaith organisations and the federal government, the US$7 billion cigarette Industry has managed not only to surviveNYT - 1,150 words
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199 1978-04-01 9 ASIAN COMPANIES MELBOURNE: Comalco Ltd said although financial results this year could benefit from improvements in some cost areas, the company will be carrying new cost burdens in other areas; especially higher power charges in New Zealand. In its annual report, Comalco said the199 words
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Article70 1978-04-01 9 Reuter TOKYO: Telkoku Oil Co Ltd and Gulf Oil Corp of the US have agreed to abandon joint test oil drilling off Hachlnoe. the northern tip of Japan's main island. Teikoku Oil said the test boring which lasted for over two months failed to show any signsReuter - 70 words
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Article34 1978-04-01 9 Reuter BRISBANE: Mount Isa Mines Ltd (MIM) said Its price for copper, equivalent wirebar basis elf main Australian ports, will be raised to A$ 1,120 per tonne from $1,100. effective since yesterday. ReuterReuter - 34 words
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Article231 1978-04-01 9 Reuter BOC International Ltd said It completed arrangements to increase Its holdings of Airco Inc common stock to 55 per cent from 49 per cent. BOC noted procedures for the increase in Its holdings were specified at the time of Its purchase of 15 perReuter - 231 words
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Article57 1978-04-01 9 Reuter KRAFT INC said It plans capital expenditures of about US$l2O million this year, up from a forecast of about $100 million last December and actual outlays of $77.1 million In 1977. The annual report also said depreciation charges are estimated at $64 million this year,Reuter - 57 words
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230 1978-04-01 9 Reuter INTERNATIONAL Telephone and Telegraph Corp (ITT) said telecommunications and electronics should produce continuing growth during these two years. In its annual report, ITT said it expects the engineered products division, which has doubled earnings since 1975, to show good growth again this yearReuter - 230 words
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Article109 1978-04-01 9 BONDS AND DOANS Reuter TOKYO: Private Development Corp of the Philippines (PDCP) signed a syndicated loan contract to borrow US$lO million from an international consortium of banks. Bank of Tokyo said as lead manager. The loan, repayable over seven years after a grace period of oneReuter - 109 words
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Article87 1978-04-01 9 Reuter NEW YORK: Kennecott Copper Corp said it reached agreement with 24 commercial banks for a new US$45O million eight-year revolving credit. The total commitment will be available until June 30. 1982, with declining amounts available thereafter until the final maturity on March 31, 1986. TheReuter - 87 words
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Article80 1978-04-01 9 Reuter LONDON: Signing of a fiveyear Euroloan to Zaire arranged by Citibank, is now expected to take place here during the third week of April, Euromarket bankers said. Over US$2lO million has so far been subscribed. The loan carried a 2% per cent spread over London interbankReuter - 80 words
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Article274 1978-04-01 9 AFP HONGKONG: The directors of the Hongkong Land Company Ltd announced a 14 per cent Increase In group net profits after tax, from HK5207.1 million in 1976 to $229.8 million for the year ended Dec 31, 1977. Earnings per share also improved by 14 perAFP - 274 words
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Article93 1978-04-01 9 HONGKONG: AS A result of "rapid progress" at Hongkong United Dockyards' new Tsing Y1 complex, the company is to phase out its Taikoo yard by the end of the year. It has originally planned to close the yard next year. Managing director David Hall said the93 words
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Article267 1978-04-01 9 AP SYDNEY: A disappointing result from the Australian Consolidated Press (ACP) group's main operating company, Publishing ana Broadcasting Ltd., resulted in only a mediocre 9.2 per cent earning lift by Consolidated Press Holdings in the latest halfyear. The companies are controlled by television magnate and World SeriesAP - 267 words
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Article171 1978-04-01 9 AFP HONGKONG: The board of directors of China Provident Company Limited, a subsidiary of Hutchison Whampoa Limited, announced a consolidated profit of HKSSO.6 million for the year ended Dec 31, 1977. Arrived at after minority interests and provision for taxation, this compared favourably with the consolidatedAFP - 171 words
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Article57 1978-04-01 9 LAHORE: The Japanese company Honda will set up a motorcycle plant here with an expected annual production output of 30,000 units. Officials said Honda representatives from Japan have arrived In Lahore to design the plant. Honda plans also to modernise Its Karachi plant In order to increase Its annual57 words
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Article40 1978-04-01 9 MARCOPPER Mining Corp revealed regular quartely cash dividend of 5 per cent (same) for first quarter 1978, for shareholders registered on March 22. The company said it expects to maintain regular quarterlies this year despite low copper prices Renter.40 words
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Article33 1978-04-01 9 Reuter FRANKFURT: Dresdner Bank AG confirmed as lead manager that Spain will float a 200 million mark 10year Eurobond with a 6 per cent coupon. Issue price will be fixed later. ReuterReuter - 33 words
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165 1978-04-01 9 EUROPEAN COMPANIES Reuter BREMEN: Vereinigte Flugtechnischewerke- Fokker GMJoH, German partner in the Fokker-VFW group, foresees a merger with Messerschmitt Boelkow Blohm GMbH (MBB). VFW-Fokker's deputy management board chairman, Johann Schaeffler said. He said both the German and Dutch division* are interested in aReuter - 165 words
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Article105 1978-04-01 9 FRANKFURT: Commerzbank AG said it proposes to Increase authorised capital by 150 million to 224.3 million marks. The bank said In a statement after Its supervisory board meeting that the bond will carry a right to subscribe at the rate of one new bond for three105 words
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Article246 1978-04-01 9 GKN, Britain's biggest engineering group, Is holding talks with the East German authorities about a construction and licensing deal for front-wheel drive transmission units. Tenders have now been entered for the contract, which Peugeot-Cltroen, the French car company, and another unnamed competitor are also seeking. A246 words
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125 1978-04-01 9 LONDON: Productivity at Britain's biggest car firm, British Leyland, is about half that of continental rivals, according to a detailed study. The study concluded that state-owned British Leyland's productivity was between 45 and 65 per cent that of West Germany's Volkswagen and Renault and Slmca In125 words
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Article376 1978-04-01 9 Reuter LONDON: British Petroleum chairman David Steel said informal and unofficial talks have been held on the possible purchase of the trans-Alaska pipeline system by Alaska. However, he said BP has taken no position over the issue. Through its BP Pipelines Inc subsidiary, BP ownsReuter - 376 words
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Page 9 Advertisements
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Advertisement447 1978-04-01 9 Penguin IN PENGUINS Virginia Woolf died in 1941 and at the time of her death she had won a foremost place in English fiction. Three Guineas and Flush have now been published in Penguins and both will find a wide and passionate audience. Three Guineas magnificently argues the case for447 words
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DEALS DONE ON THE SES AND KLSE
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Article1549 1978-04-01 10 810 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 deal1,549 words
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Article156 1978-04-01 10 4 3/4% 1/5/7$ (250.000) (100 858 101.00S) 5 1/4* 15/10/7* (250.000) (101 288 101 48S) 4 3/4% 15/9/S0 (250.000) (100 008 100 15S) C 3/4% 1/12/80 (250.000) (103 70B) 5% T F 15/4/81 (250.000) (102 SOB) 5% T F 1/5/83 (250.000) (100 258 100 358) 5 3/4% T156 words
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Article243 1978-04-01 10 Credit Lvonnait floating IM3 (100.000) (998 99' iS) Rep Of Panama 9 1/2% 1983 (100.000) (99'«8 99%5) B O T 8 1/2% 1981 (100.000) (100 I <B 101S) B O T 7 VB% 1984 (100.000) (9558 95 %S) B O T Floating 1984 (100.000) (!(9'»B 100S) C Itoh243 words
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Article152 1978-04-01 10 SINGAPORE UNIT TRUST INCOME BOND UNIT M.niirr. priea tar April 1) ICurrnt p rtaaa) The Commerce 1 85 1.80 INCOME BOND 1.10 1.17 The Saving Fund 1.08 l.lSsd 1 8'pore Prof Fund 0.87 082 MARA BUMIPUTRA FUND S' pore Security Fund (Maaagara' prieaa tar April 1 1.73 183152 words
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Article2528 1978-04-01 10 1977/1*78 High Low Company Last Sal* Or* DW DW Crt Gr'i Y'ld Nat P/E Vol Day Hi(k Law SECTION ONE INDUSTRIALS I 178 177* 130 296 88' 247 174 293 422 148 132 110* 58 212 ***** 144 182 350 91 Acma Alcorn Allied Choc Bata Ben2,528 words
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Article1896 1978-04-01 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number fit shares traded shown In brackets in lots of 1,000 "»nlta unless otherwise specif ed. INDUSTRIALS Acma (1.738). AJinamata (2 528 2 568) CALL. Atom (2.01B)1,896 words
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Article, Illustration863 1978-04-01 10 SINGAPORE FIRM trading took place during the first hour on the Stock Exchange of Singapore yesterday. Many counters reached their day's highs during this period and thereafter fluctuated between their opening and peak prices of the day. Profit-taking and unwillingness on the part of investors863 words
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Article374 1978-04-01 10 SHARE prices were dealt a shade higher under better support yesterday. After a steadier opening, values were marked up initially, but the market thereafter fluctuated during the day. However, most counters were still moderately to marginally ahead at the final bell taking the New Straits Times374 words
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LATEST RESULTS
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Article67 1978-04-01 10 Group net 1977 profit $28.5 million ($24.69 million). Parent bank net profit $21.33 million ($17.71 million). Proposed final dividend 7.5 per cent gross, making 12.5 per cent gross (same percentage last year on capital before 1976 one for three rights Issue and one-for-10 bonus issue). UOB67 words
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Article36 1978-04-01 10 Dlvl- dend 12 per cent (same) tax free for 1977. payable May 8 to shareholders registered on April 25. Company proposed a one-for-10 free share issue to shareholders, not ranking tor Il»77 dividend.36 words
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Article57 1978-04-01 10 Pre- tax profit C 38,718 (£28,673), half-year ended Dec 31. Income L 48.531 (£37,707). Profit after extraordinary items £324,525 (136,566). Interim dividend lV»p gross (same). The company said exceptional profit arose from the disposal of land and flx«i assets. It ceased mining last year and the57 words
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Article41 1978-04-01 10 Group pre-tax operating profit M 5231.000 ($3.79 million) for the first hajf year to Dec 31. 1977. Turnover $6.22 million ($17.50 million), output 6f tin concentrates 2.652 piculs < 4.810 piculs). Average price of Penang tin $1,707 per pi'-ul ($1,217).41 words
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COMPANY NEWS
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Article, Illustration1906 1978-04-01 11 ARTHUR NG - By ARTHUR NG SELLING booze in the local i market Is not as easy as the •man in the street may think. Beer itself is not gulped < down Asian gullets the way 1 It goes "down the hatch" in J1,906 words
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Article215 1978-04-01 11 Kuala Lumpur Industries Berhad:- AGM to be held at 468-6A, Jalan Ipoh, Kuala Lumpur at 12 noon on April 3. Aluminium Company of Malaysia: AGM to be held at its registered office. Road 6, Section 13 Petaling Jaya at -,10.00 a.m. on April 6. Bata (Malaysia) Bhd: EOGM215 words
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Article704 1978-04-01 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year Ulu Benut Taiping Consolidated Benta Ktmpu Austral Amal. S.P. Textile L'td. A»be*to* Cement Robinson K.L. Kepong Berjaya Kawat Hume (M) Berhad Sel. Coconut Malayan Tin Kuala Sidira Rub. Tronoh Mines Aver Hitam704 words
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Article, Illustration683 1978-04-01 11 LOW LEE CHOO - •y LOW LEE CHOO HIGHLANDS and Lowlands has disappointed many speculators who anticipated a bonus issue but rewarded investors by declaring a 66.7 per cent improvement In final dividend payout to 25 per cent from 15 per cent last time following its 37.3 per cent683 words
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Page 11 Advertisements
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Advertisement229 1978-04-01 11 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more229 words
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Article1658 1978-04-01 12 NOORJAHAN KARIM - SLUGGISH INVESTMENT GROWTH By NOORJAHAN KARIM BANK NEGARA Is gravely concerned over the sluggish growth In private Investment outside the oil sector In the last two years. But it is convinced that a recovery In present circumstances depends less on the availability or the cost1,658 words
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453 1978-04-01 12 Japanese CPI still rising but slowly Reuter THE FEBRUARY Consumer Price Index for Japan rose 0.4 per cent to an unadjusted 120.1 following a similar rise in January. The Prime Minister's Office said the year-on-year rise fell to 4.2 per cent from 4.3 per cent In January. The February year-on-yearReuter - 453 words
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Article, Illustration599 1978-04-01 12 Reuter JAPAN'S Economic Planning Agency Director, General Kiichi Miyazawa, said the rise in the yen's value against the US dollar earlier this week did not reflect real market forces. He told the Upper House Budget Committee the yen's appreciation was caused mainlyReuter - 599 words
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Article785 1978-04-01 12 LONDON. Frt. Stock prices eased today following renewed weakness of sterling on foreign exchange markets and on some speculation of a rise in Interest rates in the near future, dealers saW. At 3 p.m. the Financial Times index was down 5.1 at 462 6. Government bonds closed up785 words
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416 1978-04-01 12 JAPANESE manufacturers investing in Malaysia's industries have been plagued with a host of problems ranging from electricity breakdowns to absenteeism among workers, which'cost them heavy production losses. .A survey by Japanese embassy and trade officials conducted among investors in 1976 showed that Industrial woes416 words
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285 1978-04-01 12 UNITED States Steel Corporation president, David Roderick, said domestic steel consumption should rise to 110 million tonnes this year from 108 million In 1977, even with a decline in automotive sales. In remarks prepared for delivery to security analysts in Chicago, Mr. Roderick said:285 words
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Article146 1978-04-01 12 THE CUSTOMS and Excise Department has abolished the import and excise duUes on matches with effect from today. The old duty rates were eight cents per 100 sticks and 1 cent per 100 sticks, respectively. Singapore imported over $137,400 worth of matches last year, most of146 words
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604 1978-04-01 12 Reuter MEMBERS of the International Monetary Fund (IMF) have agreed to give the fund wide new powers over exchange rate practices. to abolish the official price of gold, and to increase use of the IMF's special drawing right (SDR). More than 60 perReuter - 604 words
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166 1978-04-01 12 Reuter THE PRICE of gold should continue to be firm over the long-term, Degussa managing board member, Herbert Hartmann. said. A further fall in the dollar rate together with a corresponding rise of the gold price cannot be ruled out despiteReuter - 166 words
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Article175 1978-04-01 12 Reuter THE Philippine offshore banking system, in its first seven months of operations, has accumulated assets totalling US$BO2 million (551.84 billion), twice that of the Singapore Asian dollar market in its first two years. This was disclosed by Mr Vicente Chua, manager of the American ExpressReuter - 175 words
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Article179 1978-04-01 12 A TRIPARTITE agreement was signed here yesterday for the setting up of a M 52.4 billion natural gas liquefaction (LNG) plant in Bintulu. Sarawak. The agreement, officially described as the "culmination of hard and protracted negotiations over several years" was signed by Tan Sri Kadir Shamsuddin.179 words
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Page 12 Advertisements
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Advertisement166 1978-04-01 12 Leader Page 6 LEADER PAGE 6 •P! T, TPrz -\X£> o o o o o o sVK\V> ih>stv> s IV H W VIU S 1 "t >* > r <?n <*+ A X n *4 f mm This book comprises a mouthwatering selec tion of over 200 recipes for all166 words