The Business Times, 5 April 1978

Total Pages: 16
1 16 The Business Times
  • 11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, APRIL 5, 1978 50 CENTS
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  • BRIEFLY...
    • 68 1 Reuter ZURICH, Tues. The Swiss National Bank does not Intend to change Its basic policy towards gold because of the end to the compulsory 40 per cent gold cover quota for banknotes, a National Bank spokesman said. Gold touched US$l7B an ounce in New York compared with Monday's
      Reuter  -  68 words
    • 62 1 Reuter HAVANA, Tues. Cuba's sugar harvest, hit by heavy rain and mechanical problems, is now lagging significantly behind schedule. The official newspaper Oranman disclosed today all of the island's 14 provinces have failed to reach minimum targets for cane grinding, and observers questioned whether Cuba would reach
      Reuter  -  62 words
    • 62 1 Reuter LUXEMBOURG, Tues. Danish Foreign Minister K.B. Andersen, speaking for his Common Market colleagues, today set five priorities for improving the economic situation, EEC sources said. Mr. Andersen, also chairman of the EEC Foreign Minister's Council, said the five points are: measures to fight unemployment, reducing energy imports,
      Reuter  -  62 words
    • 78 1 REPRESENTATIVES of the Singapore Contractors Association are to discuss with Trade Department officials on Monday the problems likely to arise from the recent cement price increase. Manufacturers in Singapore raised cement price by another 8 per cent to $127.5 per tonne, effective April 1. They said the Increase
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    • 64 1 Reuter MANILA, Tues. Australia is providing the Philippines with another As4o million (Sslos million) for development projects, principally on the central island of Samar. The outgoing Australian Ambassador here, Mr. Gerald Nutter, said today three-quarters of the allotment would probably be spent In northern Samar,
      Reuter  -  64 words
    • 48 1 Reuter LONDON, Tues. British Aerospace said it won a £25 million (SsloB million) order from Indonesia for eight Hawk ground attack training aircraft. British Aerospace said the deal Includes support equipment and training for pilots and engineers. Delivery date Is not yet known.
      Reuter  -  48 words
    • 77 1 UPI NEW YORK, Tues. Stocks struggled for direction early today In moderate trading amid Investor uncertainties about what President Carter would do about Inflation. The dollar's partial recovery abroad sparked some buying. The Dow Jones industrial average was off 0.08 point to 750.96 shortly before 11 a.m. The
      UPI  -  77 words
  • Chief Price Changes
    • 128 1 Rises Most active Rahman Hyd Males Pefi OCBC CCM 368 372 450 710 414 +48 +40 +20 10 10 API Nanyanf Press OCBC Sin Chew 238,000 204.000 160,000 153,000 P M Hldgi 189 +9 Turnover: 4.81 m Total Value: ill-15 m Straits Trading Goodwood Park 670 +5
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    • 173 1 Rites Most active M. Tobacco Caatefleld A. Amal Boustead Co Alcoin C and C M. Flour F and N Pac Dev Cr 6.50 8.50 9.10 1.80 2.18 3.08 3.78 4.56 2.84 .20 .10 .10 .08 .08 .08 .08 .08 07 API 252.000 Syn. Resins 200,000 Sentosa 182,000
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  • 1069 1  -  CONDOMINIUM PROJECTS HIT By SIVA ARASU DEVELOPERS and architects are finding the planning guidelines for condominium housing development too restrictive. The difficulties of following the guidelines, drawn up by the Building Control Division (BCD) of the National Development Ministry, will be discussed at a meeting
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  • 180 1 Reuter THE US dollar regained some stability on the Tokyo foreign exchange market yesterday following spectacular falls to successive post-war record lows against the yen during the past week. The American currency closed after calm trading at 218.35 yen, down from a 218.50 opening, but higher
    Reuter  -  180 words
  • 970 1  -  ®y CHAN BONG SOO THERE are plans to Inject more professionalism Into Singapore's shipping trade with the proposal by the Institute of Chartered Shipbrokers of the UK to establish a branch here. It has already obtained approval in principle from the Registrar of
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  • 320 1 Reuter ECONOMIC recession has worsened the situation in the world's shipping and shipbuilding industries, making a return to normality by 1980 "only a possibility," Mr. Robert Huskisson, chairman of Lloyd's Register of Shipping, said in his annual report yesterday. Mr. Huskisson
    Reuter  -  320 words
  • 524 1 Reuter THE SEVEN member countries of the Association of Natural Rubber Producing Countries will adopt a draft for a global agreement on rubber price stabilisation for presentation to Unctad In Geneva, during their meeting in Colombo on Saturday. This was stated by
    Reuter  -  524 words
  • Page 1 Advertisements
    • 32 1 whatever you need in menswear,get it at... MOHAN'S DEFT. STORE (PTE.) LTD. 321. Orchard Road Tel *****22 (naxt to Mandarin Hotel) Branch: *>I,TangMn Shopping Cantia T* *****40 Daily 9am-9pm SEE PAGE 3
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    • 52 1 BIRKART FREIGHT NEWS GREAT NEWS GBN FAR EAST-WEST AFRICA LINE WILL ALSO CARRY BULK CARGO FROM SINGAPORE TO APAPA, NIGERIA. FIRST SAILING SINGAPORE 15 MAY 1978 APAPA 15 JUNE 1978. BIRKART SOUTHEASTASIA PTE LTD Room 801/1101 FAR EAST SHOPPING CENTRE ORCHARD ROAD, SINGAPORE 9. TEL: *****7. TELEX: RS ***** CABLE:
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    • 78 1 mm SHIPPING TIMES INSTITUTE of Tourism: Support is vital 2 FINANCIAL spurt does Singapore proud 2 MORE succumb to shipping ■lump 5 IN LINE for the family business 6 STATE of hotel gloom in Malaysia FORUM: Managing 'in style' LONDON Sumatra tussle hots up WHY shares stole a March BUMIPUTRA
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    • 210 1 Coot healthy pollution-free drivtof with ▲mAßuenu COOL/MAS7DR CAR AIR CONDITIONER 5-11 GOLDHILL PLAZA. SINGAPORE IV-TEL *****2 240. LAVENOER STREET SINGAPORE 12 TEL 29M8t0 rsuaa* The desk that keeps jour accounts up to date and >ou out there earning If you're in business, imagine: Your accounts always up to date. Your
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  • TRADE AND INDUSTRY
    • 410 2  -  •y COLIN CHEE SINGAPORE'S planned Institute of Tourism, which will train middle management staff for the tourist Industry, should be sponsored by both the private and government sectors if it is to succeed. Dr. Edward Barnet, founder and former dean of the
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    • 144 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April 3-20 Industrial Relations Hilton Personnel Organisation Development April 24May 11 Employee Training Development Hilton POD April 27 Export Financing Shangri-La IBF May 15June5 Compensation Employee Benefits Hilton POD June 25July 3 Employee Relations Communications Hilton POD July 613 Financial Aspects
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    • 533 2 AFP TRADE protectionism is a short-term necessary evil and a long-term suicidal devil for the developed countries. A former chairman of the EEC Council of Ministers, Dr. Garret Fitzgerald, said this at the two-day Asian business briefing conference in Hongkong. The world trade
      AFP  -  533 words
    • 378 2 MALAYSIA-based Public Bank is to computerise its operations to provide better services to the public as well as to meet its expansion programme. The bank has already concluded arrangements for a NCR 82-100 series computer at a cost of about M 5250.000 to be
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    • 1100 2 LATE STARTER CATCHES UP THOUGH Singapore arrived much later than Hongkong on the international financial scene, its remarkable pace of development within a space of 10 years, has made it a force to be reckoned with In the field of financial expertise. This fast growth
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    • 207 2 KOSUGA and Company, one of the largest furniture manufacturers in Japan may set up a plant here to manufacture wooden tables and chairs. Mr. Y. Kosuga president of the company was In Singapore recently to survey facilities available here. He observed that timber can
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    • 374 2 Reuter AP INDIAN Commerce Minister Mohan Dharla announced a liberalised foreign trade policy for the new fiscal year from April 1. Under the policy, Indian investors are permitted to invite global tenders for machinery to set up 14 key Industries. This includes such industries as sugar,
      Reuter; AP  -  374 words
    • 105 2 AP GOVERNMENTS of the nine Common Market countries yesterday approved new terms for government guaranteed credits, under an accord with the United States and other big exporters on the sale of goods especially to the poorer countries of the world. The object of the pact is to
      AP  -  105 words
    • 193 2 INTERNATIONAL Computer* Limited (ICL) moved its regional office from Hongkong to Singapore last October to get closer to the region's growing computer market as well as to ensure the successful launching of two computer systems the system 10 and the 1500 computers. With
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    • 184 2 DR. D. CHORAFAS, an authority on computers and data communications, will be presenting the Chor&f&s 1978 world seminar on computers and data communications from May 8 to 12 at the Singapore Hilton. The five-day seminar will discuss the design and management of data communications, distribution systems, teleprocessing
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    • 245 2 SINGAPORE Is a growing market for Australian apples and pears, and now ranks second only to the UK. As for the famous Packham pear from Victoria, rated the best in the world, Mr. Ron Elms, secretary of the Australian Apple and Pear Corporation, said that
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  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • 632 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 One's Ignorance of a composer? (5) 8 Tired or abed (5) 10 Manchester's associate German town? (5) 11 In the main, mere talk (3) 12 That of the printer's pudding? (5) 13 I'm so placed as to be palmed off (7) 15 The right
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  • OVERSEAS
    • 629 3 Reuter MARK firmness coupled with the international weakness of the dollar and sterling will soon revive fresh debate on the benefits Norway enjoys as a member of the European Joint float. When devaluing its crown by 8 per cent within the Snake last February
      Reuter  -  629 words
    • 289 3 Reuter THE SPANISH government has claimed early success for a two-year plan, agreed with the Opposition last October, to restore the country's ailing economy. The so-called Moncloa pacts named after Prime Minister Adolfo Suarez's offial residence, the Moncloa Palace promised political and fiscal reforms
      Reuter  -  289 words
    • 405 3 Reuter SWITZERLAND plans to end the compulsory 40 per cent gold backing for banknotes as part of the new law covering the activities of the National Bank, a Finance Ministry spokesman said. He said that the plan to drop the
      Reuter  -  405 words
    • 111 3 AP AMERICAN farmers can expect increased exports of grains and agricultural equipment to China. Representative Paul Findley, chairman of an Illinois agriculture mission to China disclosed this after his recent trip. He said Chinese officials expressed keen interest in developing closer trading ties with
      AP  -  111 words
    • WORLD IN BRIEF
      • 513 3 Agencies TALKS between West German Chancellor Helmut Schmidt and French President Valery Glscard d'Estaing on Monday dealt exclusively with currency issues. A spokesman said Mr. Schmidt believed the problem of continuing currency unrest should be on the agenda at the Bonn summit conference in July. The seven
        Agencies  -  513 words
    • 812 3 NYT US HOUSE of Representatives Ways and Means Committee chairman. A 1 Uilman. predicted Congress would pass a tax cut this year. He also expected the tax cut to be about US$2O billion (Ss46 billion) or slightly more by the time the tax bill clears
      NYT  -  812 words
    • 419 3 Reuter BRITAIN'S Surrey University announced on Monday the invention of a revolutionary new building material which can replace asbestos cement, a product which has fallen into disfavour because of its health hazards. Scientists at the university said the material, a combination of the inexpensive
      Reuter  -  419 words
    • 578 3 NYT BOWING to pressure from the Carter Administration, two of America's largest steelmakers, including the US Steel Corporation the top steelmakers yesterday announced a modi* fication of recent price incr6&scs The action by US Steel and Wheeling Pittsburgh Steel Corporation will bring
      NYT  -  578 words
    • 483 3 UPI Reuter NEW ZEALAND and the Soviet Union yesterday signed an agreement In Wellington that permits Russian trawlers to continue fishing inside the 370 kin economic zone declared on April 1. New Zealand Foreign Trade Minister, Brian Talboys said that the Russians
      UPI; Reuter  -  483 words
    • 103 3 AVERAGE effective yields on US Treasury bills rose to 6.417 per cent for threemonth bills and to 6.717 per cent for six-month bills at the latest auction, the US Treasury said. Yields on the threemonth bills ranged from 6.401 to 6.421 per cent. The average threemonth price was
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    • 213 3 Reuter THE BRITISH government has turned down an application by the West German oil company, Demlnex, to ship the first two tanker loads of Its share of oil from the North Sea Thistle Field direct to Europe, informed Industry sources said. Normal arrangements for North Sea
      Reuter  -  213 words
    • 1129 3 NYT LESS THAN a year after its opening, the trans-Alas-kan oil pipeline has brought with it even more problems than its critics foresaw, leading top US federal energy officials to consider swift remedial action. The principal problem is vast oversupply of oil on the West Coast,
      NYT  -  1,129 words
    • 61 3 SOUTH KOREA'S stateowned Korea Electric Co. has signed a contract with Westlnghouse Electric International for the purchase of two atomic reactors to be used for the nation's fifth and sixth nuclear plants, a spokesman said yesterday. Westlnghouse will sell the two reactors, with a rated capacity of 950,000
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  • Page 3 Advertisements

  • RAW MATERIALS
    • 462 4 FOLLOWING lower London advices, opening quotations in Singapore yesterday were marked down one cent and the market then lost a further half cent on lack of Interest before short-coverine emerged to check the decline. On balance, prices were still lower than Monday night, dealers said. volume
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    • 356 4 Prices tn cent* per kUo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S prompt f.o.b. 199.75 200 25N 199.00 200.OON Int 1 R.S.S. April 200 00 200 25 199.75 200.00 Int 1 RSS May 200.75 201.00 200 25 200.50 Int. 2 R.S.S.
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    • 113 4 NOON SSR prices yesterday April May HAS (Curat Mth) <F« •warti Mth) Buyer* Seller* Buyer* Seller* (em ■uperkf) (cei nU per kg) SSR 20 (1 ton pallet) 192.00 194 00N 193 00 195.OON SSR SO (1 ton pallet) 190.00 192 00N 191.00 193.OON MRELB SMR5CV (1 ton
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    • 30 4 Rubber: April 4 Singapore: April 199.75 cents (down 1.00 cent) Malaysia: April 204.25 cents (down 0.75 cent) Tin: 5i,499 (down $13) Official offering: 230 tonnes (up 15 tonnes)
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    • 214 4 BANGKOK rice prices yesterday were quoted unchanged as follows: (In US dollars per tonne f ob basis Bangkok) White Rice: 100 pet Ist class 437.100 pet 2nd class 422 100 pet 3rd class 417. 5 prt 408 10 pet 395 15 pet 387. 20 pet 382. 25 pet 372.
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    • 449 4 QUIETLY steady conditions prevailed on the Singapore produce market yesterday. All grades of black pepper were quoted $5 per plcul higher than their previous levels while white pepper was unchanged. The top black grade. Lampong black ASTA was $292.50 per plcul f.o.b. Dealers reported a return of interest
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    • 286 4 ROBUSTA futures fluctuated under local dealer and jobber trading to close the morning in London yesterday near the highs, mostly C 6 lower to C 7 higher with the exception of distant March which gained t'24 compared with Monday. Volume totalled 865 lots including four options and the market
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    • 73 4 C.I.F UJ- dollar per ton LONDON Monday Previou* Malaysia 5% ((a bulk June 573 Sir 570 sir Sumatra Mfc (fa March deleted 590pd April unch 635pd May 615 slr/810 pd 607 2 pd June 577'isir 567 "-1/572 pd July 570 sir 562 365 pd August 555 sir 570
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    • 179 4 SUGAR futures in London yesterday opened 12.05 to L 2.50 per tonne below Monday afternoon's closing levels in a turnover of 689 lots. The market initially continued Monday night's New York inspired easier kerb trend under trade and local selling but shortcovering halted the decline, dealers said. The London
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    • 302 4 THE STRAITS tin price In Penang fell to M$ 1.499 per plcul at yesterday's auction from 5i,512, bringing It within the International Tin Council price range for the first time since the tin buffer stock was exhausted in January last year. Penang tin traders said the market eased
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    • 206 4 TERMINAL cocoa in London yesterday opened as expected with only minor change from Monday night but caine under fairly concentrated post-call selling pressure to record losses from Monday night of up to 137 per tonne. Turnover in the early decline was very thin. Market sources said the trade provided
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    • 203 4 THE sugar market closed easier yesterday in dull and featureless trading ahead of today's local holiday. Dealers said trading was restricted to October delivery, which fell 0.27 US cents. Turnover rose slightly to five lots from four on Monday, while the Hongkong daily spot sugar price fell 0.05
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    • 191 4 YARN and cotton In Hongkong dollars, spot ex-godown Cotton Yarn: China Blue Phoenix 20s 1.770. 32s 2 045. 40s 2.180 (per bate of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head una. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq (per piece
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    • 131 4 SOYBEAN futures in Chicago on Mondav closed with 30-cent limit losses In old crop Months. September closed 16* US cents lower while other new crop Months fell 544 to 6* cents. Despite expectations of a firm opening, little buying interest appeared Initially and local selling sent prices downward from
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    • 62 4 WHEAT futures lost 3% to US cents a bushel In Chicago on Monday. The market firmed from a weak opening to register fractional gains but quickly turned down on commis-sion-house selling and weakness In soybean futures. Prices fell around six cents on commission house i stop-loss liquidation before support
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    • 293 4 COPPER wire bars finished the morning In London yesterday with all round losses of l's per tonne. The pre-market came under heavy selling pressure following Monday's decline in New York and weakness in bullion markets In the morning, dealers said. Three Months traded down to 1699 but partly recouped
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    • 197 4 SILVER on the London Metal Exchange yesterday had morning losses of 2.5 to 2.9 pence per troy ounce. Values were marked down initially In the premarket on the sharp drop in New York on Monday and lower gold, dealers said. Later, the market rallied on covering prompted by a
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    • 402 4 THE KHOBAR In Singapore yesterday opened at 5513,353. $259 lower than the previous close. The lower opening was a reflection of the price trend in New York on Monday night where the gold price dropped drastically. However, the price of the Kllobar recovered after the opening here to close
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    • 47 4 ZINC gained £8.75 for cash and £8 for Three Months yesterday morning In London. The early pre-market fell under general liquidation In sympathy with the trend In other base metals. Three Months traded up to £305 In the ring and touched £310 briefly on the kerb.
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    • 47 4 LEAD closed the morning In London yesterday with losses of £3 per tonne for cash and £3.50 for Three Months. Values were marked down on the early pre-market under long liquidation prompted by movements in copper and precious metals with Three Months trading down to £311.
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    • MONEY AND EXCHANGES
      • 499 4 A PARTIAL recovery was staged by the US dollar during early trading on the forex market yesterday but it slipped back marginally later during the session. Opening at 218.60/70 against the yen, the dollar lost ground later on 218.40/ 50 at the time of Tokyo's close. London trading
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      • 81 4 WITH the prime rate cut to 7 per cent by DBS and Citibank, virtually all banks in Singapore are now offering the tame terms to their beat customers. Oversea-Chinese Banking Corporation still maintains its 6 a per cent while only Chartered and United Commercial Bank are now
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      • 173 4 Asian rates ASIAN currency deposit interbank rates as at close on April 4: 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths US Dollar* (Spot) Offer Bid .71/8 7 .7 1/4 7 1/8 .7 3/8 7 1/4 .71/2 7 3/8 .715/16 7 13/16 .715/16 7
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      • 51 4 RANGE of prices offered by discount houses on April 4: Overnight 3'<H Call deposits 2'** to 3*H Clotinf Buying S«llwg 3-month Treasury bills 3 3/16 3 1/16 3-month Bank bills 4 13/16 4 11/16 3-month CD 4 16/16 4 13/16 6-month CD SS/16 5 3/16 Source: National Discount Co.
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      • 151 4 Euro rates LONDON short-dated Eurodollar deposit rates eased while fixed dates held steady In light trading yesterday. Short dates eased as funds came on offer in a market sparse of borrowers causing the Overnight and Wed/ Thurs to ease around 1/16 per cent. The expensive Thursday/ Friday rate reacted to
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      • 58 4 ZURICH exchanges closing quotes on April 3: US I 542V8445 St* 3 4440-4496 ran I til¥7-6221 I) Mk HI M!A-K tlltt" > Nt IN|U ir n* i B Fr 5 8922-9024 D Kr 33 3484-3966 N Kr 34 7576-8065 S Kr 40 ">079-5607 Lll 0 iiltW-2172 Au> vh 12
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      • 204 4 AFTER opening Just below overnight levels yesterday, the dollar tended firmer but trading was quiet and lacking a definitive trend. Closing of short dollar positions is providing some support for the currency while for the moment operators are reluctant to make fresh dollar sales, dealers said. Sterling opened weaker
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      • 265 4 IN A technical reaction to Its sharp decline following release of the US trade figures on Friday, the US dollar closed firmer on Monday against major currencies. The yen closed weaker at 0.4572/78 US cents, or 218.58 yen to the dollar, compared with its opening 0.4594/ 96, or
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      • 144 4 THE US dollar for overnight delivery yesterday closed at 218.35 yen, down from a 218.50 opening but up from 218.20 at Monday's close. Dealers said no central bank intervention was detected. Trading was moderate with volume US$39O million. After opening slightly higher, the dollar firmed to 218.80 yen at
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      • 149 4 THE MARKET yesterday was little changed in quiet trading in reaction to Monday's steady trading in Europe and North America and dealers said they were waiting for a lead from Europe. The US dollar closed slightly below its 218.45/70 yen New York close at 218.45/55 after fluctuating narrowly, while
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      • 182 4 EUROBOND prices were mostly unchanged in light trading yesterday, dealers said. Sterling bonds softened in places and some dealers attributed this to a reaction to news of the increase In the Oestetner Holding BV £10 million 10-year Issue coupon to 11 per cent from 10Vi per cent. Eurobond prices
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      • 55 4 AUSTRALIA and New Zealand exchanges on April AUSTRALIA US dollar 1.1493/1 1445 Sterling 0.6187/0.6116 Ninety-day air mall buying rates: Sterling unavailable US dollar 1.1797 Ninety-day forward buying rates: Sterling 0.6179 US dollar 1.1474 NEW ZEALAND Sterling 0 5512/0 5482 US dollar 1.0301/1 0201 Ninety-day airmail buying rates .Stwlini! u
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  • Page 4 Advertisements
    • 151 4 Don't let the language barrier stop you from wider contacts IOZ I L i n i p 3 s \e <v Y Ml J M a s YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travelling in fact anywhere and any time that suits you. Possess- ing
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  • TRANSPORT
    • 852 5  -  •y CHAN BONG SOO THE ANNOUNCED bankruptcy of Shln-Yamamoto Dockyard has dealt another below to Japan's troubled shipbuilding industry. This is the country's biggest business failure this year and the fourth in the shipbuilding Industry. Estimated liabilities of Ihe company are US$lOO million
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    • 161 5 Reuter FREIGHT conferences covering Europe/ Japan, Japan/ Europe, Philippines/ Europe and Sabah, Brunei and Sarawak will apply a currency adjustment factor (CAF) In France of 20.5 per cent on cargo loaded by vessels on or after April 6. This compares with the current
      Reuter  -  161 words
    • 71 5 HONGKONG yesterday gave the go-ahead for the official burial of the Queen Elizabeth, once the pride of the trans-Atlantic run but now a shattered hulk on the harbour bottom. After a two-week survey, the Marine Department confirmed that the wreck had been safely shorn off at
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    • 1030 5 exchange losses resulting from the depreciating US dollar are pushing freight rates up. However, many fixtures have been reported. Taiwan scrap prices have increased to U558,284 while many older vessels are being sold at very attractive prices. Vessels open MV Eurosun-car-bulker built 1965 Greek flag one deck,
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    • Article, Illustration
      349 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Baodl (1200 subject free board) 18 Big Glory (Car carrier) (0800) 19 Fedor Shalyapin (0600) 44/45 Golden Hill (0600 25 King Sun (after Htan Taw Ywa) 22 Mlzoram (after Johneverett) 35/36 Ocean Supply (B. Barge) (0700) 48 Perak (after Perils) 21 'West
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    • 92 5 Reuter THE Sydney branch of the Waterside Workers Federation (WWF) decided at a meeting yesterday morning to strike until 11 p.m. local time tonight to protest the breakdown of new pay award talks, union officials said. In Melbourne, the WWF men walked off yesterday
      Reuter  -  92 words
    • 170 5 THE CLYDE has become the UK centre for laying up charter-less liquefied gas tankers. Three new French-built vessels worth a total of nearly £100 million (Ss42o million) have been laid up on the river, where the Clyde Port Authority charges appreciably less than
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    • 202 5 UPI SOVIET chartering agents. Glenas, provided a highlight on an otherwise drab London freight market by working numerous April loaders with US grain for the Soviet Union. In the US northern range they lifted 31.000 tons for Nakhodka at US$l7 (F10) and 51.000 tons for the Soviet Black
      UPI  -  202 words
    • 184 5 CATHAY Pacific Airways said it will operate dally Super TriStar services from Singapore to Hongkong. Bangkok and Jakarta from this month: Daily direct Hongkong services CX7IO departs Singapore at 10.50 am to arrive in Hongkong at 3.00 pm. CX7II leaves Hongkong at 3.30 pm and
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    • 626 5 ARRIVALS Service Local j Operator Number Time From CPA CX710 1005 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK SIA SQ103 1045 KUL SIA SQ209 1045 HLP THAI TG981 1120 BKK MAS MH605 1045 KUL OIA GA944 1055 PKU OIA OA 908 1100 MES UB UB231
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  • Page 5 Advertisements
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  • 567 6 THE economy of the United States Is caught In a vise-like clamp with the fear of recession on the one hand and the prospect of Inflation on the other. Preliminary estimates of near-zero growth in the first quarter of 1978 compared to the growth
    567 words
  • 213 6 THE Institute of Chartered Shipbrokers is possibly the best recognised organisation in its field worldwide. The training that It provides has been described by local shipbrokers as basic but invaluable. There are already local ship agents and brokers who take external examinations set by the London
    213 words
  • 2457 6  -  Many a local family business built on the blood, sweat and tears of tough immigrant ancestors has foundered on the effete easiergoing second or third generation. But not all of them others have used the experience and profits gained in
    2,457 words
  • Page 6 Advertisements
    • 504 6 ere to wine and dine... sinGapura FORUM gl HOTEL A OMaton of Mar Cartmnt* HoMi 586 Orchard Road, B'pore f. 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
      504 words
    • 109 6 m SNGAPOREHOON 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 Daum For the first time on display in Singapore Priceless glass sculptures 2nd Floor Restaurant Let Ha
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  • Page 6 Miscellaneous
    • 61 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Isolated showers. Report for 24 hours prior to 7.30 p.m. on April 4 at the airport. Maximum Temperature 32.8° C Associated Humidity 59 Minimum Temperature 22.8° C Associated Humidity 95 Hours of Sunshine 4.15 Rainfall in Millimetres 30 Total Rainfall
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    • 235 6 SINGAPORE 5 3.00 PM Opening announcements followed by Serbanika (MalayRepeat) (Last Episode) 3.30 Diary of Events (Malay) 3.35 Bonanza The Luck of Pepper Shannon 0 4.20 Intermission 6.00 Opening announcements followed by Electric Company 6.30 News in Brief 6.35 Wild, Wild World of Animals What the Dolphin Knows 0 Samudra
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  • 1146 7  -  Hopes of a tourist boom in Malaysia after the December 1972 Pata conference in Kuala Lumpur have apparently fizzled out with the Recession, with serious implications for the hotel industry. LAI WAI KUAN surveys the situation LAI WAI KUAN 1
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  • 783 7 *A GROUP of foreign travel writers was being briefed by the Tourist Promotion Board here recently talking about the Board's West Coast operations in the US, a Board spokesman referred repeatedly to "Frisco", a .contraction of San Francisco many Americans detest. Finally, one American writer lost
    783 words
  • 585 7  -  By LEONARD SLOANE NYT THE soaring price of gold during the last 18 months or so has focussed attention on all forms of investment In what John Maynard Keynes once called "a barbarous relic." But for the average investor, concerned with liquidity and relative safety in times
    NYT  -  585 words
  • 768 7  -  IFOBPM, r ...on management •y GAN SEE KHEM IN RECENT years, the task of the manager has become increasingly more complex as a result of rapid social, political and technological changes. Increasingly, the practice of management has adopted the character of a science and a profession.
    768 words
  • Page 7 Advertisements
    • 297 7 iIS®iNPKS "4 3 ICING S HOTEL Havelock Road, Singapore 3 Tel: *****1 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 LION CITY HOTEL 15 Tanjong Katong Road, Singapore IS Tel: *****1. HOTEL MALAYSIA 40 Cuscaden Road, Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road, Singapore 9 Tel:
      297 words
    • 15 7 Not a drop is sold 7111 it is 12 years old Another qukty product frorr
      15 words
  • Page 7 Miscellaneous
    • 39 7 Bn Stow: Fiaak DickeoS P\SS!STpvnT STpfHoNPORSTfeK pfeßKms, uer me ON NKvfc ene«GenGjsiT "fc Tue nSejlo STRTiOH R»*iout4ceJ?. uiUeN's th£ J MPiPFN DPW? HOOJ NICELY THINGS WfW£. bJORICfeD OUT i crh see. itrll 1 Reception irJ JV Ij. cl V*
      39 words

  • INTERNATIONAL STOCK MARKETS
    • 538 8 •■Tokyo SHARE prices yesterday bounced back with the Dow Jones average posting a new high supported by buy orders on decline centering on speculative and domestic-oriented IssQes. Speculative Issues such as Toyo Kogyo and Helwa Real Estate rallied? Food Issues such as Nlsshln Flour Milling and
      538 words
    • 276 8 SHARE prices closed generally easier yesterday depressed by an overnight easing In London metal prices and dull London and New York stock markets, dealers said. APR 04 Cents INDUSTRIALS A.C.I 165 -1 A N.I 135 unch A. P.M. 120 -1 Ampol Pet 75 -1 B H P 596 -8
      276 words
    • 87 8 APR 04 Pesos Acoje Mining .0078 unch Alias Con. A Alias Con. B 13.70 -0 2 Bagulo Gold 0072 -0 0002 BenguetCon. B BF Goodrich 18 50 unch CDCP Inco B LepantoB .1450 -0.005 Marlnduque B 6 50 unch Oriental A Oriental B 033 -0 002 Phil Overseas .019
      87 words
    • 151 8 APR 04 Bahts Asia Fibre 267 ♦5 Bangkok Bank 385 -2 Bangkok Invest 380 420 Bangkok-Metro-politan Bank Bata BerliJucker 496 20 CarpetIntnl Charoong Thai Wire 317 unch Dumex Dusit Thani 338 -2 Faber Merlin First Trust 344 10 Genera Finance 366 +0 Indo-Thai Industrial Finance Corp 2575 120 ■1
      151 words
    • 513 8 FA Ron;AS MARKKA MOST bourses reported mixed trading on Monday. FRANKFURT share prices firmed partly on agreement reached to end the German metal workers dispute, dealers said. Llnde rose two marks to 237 from 235 marks on Friday following news of the company's improved order
      513 words
    • 221 8 APR U Dm Ael-Telefunken 80 -0.2 Akzo 22 10B AUz Leben 618 Allz Vers 484 ♦4 BASF 138 10 unch Bay H T Wbank 284 50 Bay Vbank 315 Bayer 140 70 ♦0.3 BBC 299 50 ♦2 BMW 225 10 -0 4 Cassella 372 unch Chem Verw 237 Commerzbank
      221 words
    • 94 8 APR 03 Fn FORWARD MARKET Acec 210 unch Arbed 2220 -80 Astur 548 >38 Brascan 441 -17 Bru-Lamb 1430 -8 Canpat 470 -10 Cock 351 >1 De Beers 175 5 Ebes 2360 10 Electrobel 6150 +40 Ob-Inno-Bm 1960 75 Gev 1264 unch Hobok 2145 -5 Petro 3830 -20 Ryl
      94 words
    • 104 8 APR «3 Lire Anlc 98 25 -1.75 Assoc Gen ***** -70 Bastogi 410 SO -9 5 Central® 3500 -5 Fiat 1930 -15 Finslder 75 ♦0.25 Gen Immob 75.75 unch IFI Prl 2099 -11 Italcementl ***** 135 I taigas 828 -11 Italslder 129 +2.75 Mugneti M PJ 392 50 -0
      104 words
    • 246 8 APR 03 Fls ABN 345 50 -2 Ahold 103 00 1 Akzo 23 80 +0 4 AMEV 79 60 -0 3 Amfas 103 10 -0 4 Amrot Bank 73 50 -0 2 Bergoss 54 80 ♦0.3 Berk 95 70 -0 5 Bols 68 50 -0 5 BorsumiJ 139 50
      246 words
    • 383 8 GOLD shares were mostly harder though selected shares turned easier after mldsesslon on Monday. Trading was quiet with overseas Interest very light Among heavyweights. West Holdings, gained 50 cents to 300. Lowerpriced shares had Erso up IS cents at 565. Financial minings were little tested. Elsewhere. De Beers lost
      383 words
    • 289 8 APR 93 Frs CORBEILLE Air-Liquide 281 -2.9 B S N Gervals Da none 417 -17 CS F (ThomsonCM» 108 10 -1.9 Cie Franc nx desPetroles 116 10 -29 Compagnle Financiere Compagnle Generate 354 20 ♦4.7 Credit Foncler De France 333 ♦2 Hachette (Ubralrte) 165 -3 Machines Bull 32 20
      289 words
    • 179 8 APR 03 Francs Actions Sulsses 270 unch Alusulsse Br 1225 -5 Alusulsse Re* 560 Brown Boverl Br 1640 -5 Clba Gelgy Br 1220 -20 Clba Gelgy PC 885 -5 Clba Qelgy Reg 855 -1 Credit Suisse Br 2400 10 Credit Suisse Reg 482 ♦3 Elektrowatt Br 1800 -25 George
      179 words
    • 349 8 Source: Sun Hung Kai See Ltd FURTHER consolidation In moderately active trade was seen yesterday. After a fairly weak and quiet opening with HK Bank and Jardlne shares both 10 cents lower, some local titjylng interest appeared and pushed the market slowly upwards. Hang Seng Index: 451 67 +0.13.
      Source: Sun Hung Kai See Ltd  -  349 words
    • 1050 8 NEW YORK STOCKB fell across a broad front in moderate trading on Monday. Analysts put the blame on a number of negative forces Inflation. a possible tightening of Federal Reserve monetary policy, dollar weakness and ?overnment projections that the Irst quarter gross national product. after
      1,050 words
    • 345 8 THE MARKET closed broadly lower In active trading on Monday. Both the gold and metals Indices dropped sharply. The composite Index was off more than four points and declines outpaced advances 215 to 100. Twelve sub-groups fell and two rose. General Motors last to 68-%. Inco "A" Hto 18-K
      345 words
    • 52 8 FINANCIAL TIMES INDUSTRIALS Friday 102W to 103 H.K. HANG SENG Tuesday 451.67 Friday 463.8 Week Ago 443.81 DOW JONES AVERAGE INDUSTRIALS SYDNEY INDUSTRIALS Tuesday 401.60 frtriny 7S7 3fi Week Ago 392.92 Week Ago closed LONDON DOLLAR PREMIUM Monday 99*. to 100K ALL ORDINARIES Tuesday 458.69 Monday 458.61 Week
      52 words
    • 1440 8 April 3 ON THE Chicago Board Options Exchange, a total of 81,633 contracts were traded on Monday, compared with 81,278 on Friday. OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am
      1,440 words
    • 100 8 Reuter THE Frankfurt bourse governing body said 10 more shares will be admitted for options trading from April 3, bringing the number of companies whose shares are dealt In options business to 51. The newly permitted shares, approved by Parliament, include eight foreign names, raising the number
      Reuter  -  100 words
  • Page 8 Advertisements
    • 286 8 Mathematics and Statistics in Penguins Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics
      286 words

  • INTERNATIONAL COMPANY NEWS
    • 1172 9 NORTH AMERICAN COMPANIES NYT WHAT better example of business survival than Cluett, Peabody Si Co.? Seemingly overnight, demand for its product an elaborate and successful line of stiff, detachable shirt collars had dried up. Its survival at stake, Cluett responded by introducing the
      NYT  -  1,172 words
    • 153 9 Reuter BABCOCK and Wilcox shareholders voted overwhelmingly in favour of the company's merger with a subsidiary of J. Ray McDermott and Co. Under the terms of the merger, each Babcock share will be converted Into McDermott preferred shares for a total exchange value of U5562.50. Babcock
      Reuter  -  153 words
    • 146 9 Reuter ÜBAF Arab American Bank said shareholders approved the issuance of additional capital stock and subordinated promissory notes to raise the bank's capital to US$lOO million from the present $28.6 million. The bank said as the additional capital is drawn down, its "legal lending limit would increase
      Reuter  -  146 words
    • 113 9 AFP LAN Anderson, vlce-presl-dent of American Motors, has resigned to join Volkswagen of America. Mr, Anderson, 46, appointed to the No 2 post only six months ago, said that, despite his promotion, he was disappointed at the restricted nature of his responsibilities. Gerald Meyers, the president, had
      AFP  -  113 words
    • 122 9 THE chairman of Ford Motor Co. has lowered his sights about one-tenth of one per cent for this year. Now he forecasts sales of 11 million cars in the US. that is 11,000 fewer than Henry Ford II predicted In December. In a letter to stockholders
      122 words
    • 208 9 NYT SAN JUAN: AN Intensive search is under way to find a buyer for the financially troubled Banco Credlto Ahorro Ponceno, one of Puerto Rico's largest banks, which has absorbed heavy losses in recent years. The Federal Deposit Insurance Corporation (F--DIC) Is closely monitoring
      NYT  -  208 words
    • 99 9 Reuter BRAZIL'S Mineracoes Brazllieras Reunldas agreed to cut the price on the remaining shipments of 3.5 million tonnes of Brazilian iron ore to Japan in fiscal 1978/79 by an average 1.2 Kr cent from last year's 'el. a Nippon Steel Corp spokesman said. The spokesman said
      Reuter  -  99 words
    • 588 9 EUROPEAN COMPANIES Reuter FRANKFURT: Commerzbank AO expects to float Its planned 250 million mark convertible bond Issue shortly after the annual shareholder meeting In mid-May, managing board spokesman Robert Dhom said. Shareholders will be able to subscribe for the 5Vi year bonds on
      Reuter  -  588 words
    • 152 9 TAXABLE profits of Orion Bank rose from C 9.71 million to CIO. 18 million In 1977. After tax, profit comes out at £5.4 million against £5.15 million. Mr. D. Montagu, chairman, says that in the year, Orion managed or comanaged bond issues and syndicated bank
      152 words
    • 56 9 GREENWICH: General Cable Corp said it completed sale of its electric fower cable operations to irelli Cable Corp for about U5539.5 million cash and $19.4 million in six-month notes. The sale price Is subject to certain adjustments. The safe Included live plants, associated inventory, accounts receivable
      56 words
    • 203 9 Reuter THE 49 per cent of Howden Parsons Ltd of Toronto held by Northern Engineering Industries Ltd will be bought by the Howden Group Ltd of Britain for £6.5 million. The transaction will be made through Howden's Canadian subsidiary, Howden Group North America Ltd, which holds
      Reuter  -  203 words
    • 182 9 ASIAN COMPANIES SYDNEY. Hanlmex Corp., the photographic and leisure goods group, has raised its interim dividend from 3 cents to 3.5 cents a share despite a 6.5 per cent dip in group earnings for the December half-year. Profits fell from $2.6 million to $2.4 million
      182 words
    • 54 9 MITSUI and Co Ltd and Nippon Mining Co Ltd said they reached agreement on a long-term arrangement with Amax Inc for imports of copper concentrates in quantities from its twin buttes mines in Arizona. A formal contract is likely to be signed in the near future. They declined
      54 words
    • 121 9 SYDNEY: Royal Dutch Shell Group unit Bllllton NV will take up a 20 per cent stake in a feasibility study into the As7oo million Alwest Alumina project In Western Australia. A Shell Co of Australia Ltd spokesman said in Melbourne the stakes of the
      121 words
    • 34 9 In MELBOURNE. North Broken Hill Holdings Ltd announced an interim dividend of three cents (same) for the half-year ended 31, 1977 payable on June 2 to shareholders registered on May 17.
      34 words
    • 180 9 TOKYO: Japan's Ishi-kawajima-Harlma Heavy Industries Ltd (IHI) said It has won a one billion yen (US$4.5 million) order from China for four large turbocompressors and four related steam turbines. They will be installed at an ethylene plant under construction in Chllln province by the
      180 words
    • 89 9 HONGKONG: Grand Marine Holdings reports a 48 per cent unaudited consolidated net profit increase for 1977 and a dividend distribution up 19 per cent. The results reflect a full year's contribution from Goodwin Marine and Industries, acquired in August 1976. Grand Marine runs bulk carriers on
      89 words
    • 79 9 Reuter THE US Justice Department said it will not oppose acquisition of the credit card business of Carte Blanche Corp by Citicorp. The acquisition had been barred under the 1968 court decree, which Citicorp Is seeking to have modified. The Justice Department anti-trust division said that after
      Reuter  -  79 words
    • 95 9 Reuter JOHN Fairfax Ltd made audited consolidated operating profit of A 56.26 million (6.02 million) during the 26 weeks ended Dec. 25. Revenue was $107.48 million (92.01 million). Profit is after tax of $4.84 million (4.71 million), depreciation 3.93 million (3.33 million) and interest 2.47 million (1.87
      Reuter  -  95 words
    • 125 9 Reuter HONGKONG and Kowloon Wharf and Godown Co Ltd declared final 1977 dividend of 53 cents (45) making a total of 65 cents (56). Group net profit was HK577.3 million (67.4 million). The books closed on June 2 to 16. Profit is before extraordinary profit of
      Reuter  -  125 words
    • 77 9 BONDS AND LOANS Reuter NEW YORK: The Republic of Trinidad and Tobago said in a statement here it has arranged the private Slacement of a 50 million wlss franc note issue with the Union Bank of Switzerland. The notes, due 1983, bear Interest at 5-tt
      Reuter  -  77 words
    • 101 9 PARIS: The mandate for a US$lOO million credit for the United Arab Shipping Co should be awarded to a banking syndicate in the next few days, informed banking sources said. The credit will probably have an eight-year life and will carry a split spread
      101 words
    • 53 9 LUXEMBOURG: The city of Copenhagen is making a 25 million unit of account 15-year bond issue with an expected 7 per cent coupon and par pricing, primary market sources sala. Lead manager Is Kredletbank SA Luxembourgeoise. Subscriptions for the issue opened on Monday and are due to
      53 words
    • 61 9 LONDON: Whltbread and Co Ltd's 12-year £15 million Eurobond issue had been prtced at par, lead manager Klelnwort Benson said. Coupon rate is 10-Vi per cent and average life is expected to be 9-n years. The issue has been underwrltten entirely by a management group of ten houses
      61 words
  • Page 9 Advertisements
    • 340 9 Sow boat I tSBE Md c55S5—-4 in-g <®®8? CHINA TRADE QUARTERLY BT Far East Publications 0 x 1913, Hanglung Centre, Paterson Street, Causeway Bay. Hong Kong. jPlease enter my full subscription to China Trade Quarterly. lam enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. HI Please forward
      340 words

  • DEALS DONE ON THE SES AND KLSE
    • 1659 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the world ••sett". Big Board deal
      1,659 words
    • 150 10 4 3/4* 1/5/7# (250.000) (100 758) 5 1/4* 15/10/7# (250.000) (101 288 101 48S) 4 J/4* 15/9/ MO (250.000) (100.008 100 10S) 6 3/4«* I/12/H0 (250.000) (I03.70B) s«* T F 15/4/ HI (250.000) (102 SOB) 5* T F IS/10/Ml (250.000) (102.20B) 5* T F I/5/K3 (250.000) (KX) 308
      150 words
    • 117 10 B OT 8 1/2% 1981 (100,000) (100' jB 101S) B O T 7 5/8% 1984 (100,000) (USSB 95 7 «S) B O T Floating 1984 (100,000) (99' iB 100S) C Itoh 8 1/8% 1984 (100,000) (95*aB 96'«S) Credit Lyonnai* Floating 1983 (100.000) (98 T *B 99US) DBS Converts
      117 words
    • 116 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. Cold Storage (June $1.70) (0.488 0.565). C and C (June $2.20) (0.768 0.868). F and
      116 words
  • 147 10 SINGAPORE UNIT TRU8T INCOME BOND UNIT IMiii|»i' prim far April t) The Commerce 1.87 1.98 INCOME BOND 1.04 1.10 The Saving Fund ill 1.17 S'pore Prof Fund 0 89 0 94 S pore Security Fund 1.73 1.S3 S'pore Invest Fund 1.09 1.1 J MARA BUMIPUTRA FUND (Maaafara' pricaa
    147 words
  • 2553 10 Gr'i Gr'« Nat 1977/1978 Last Dhr Dhr Yld P/K Vol Day High Low Company Sale +or- C'vr COM) High Lorn SECTION ONE INDUSTRIALS 181 132 Acma 179 -1 12.ON 1.8 6.7 8.4 33 181 179 177* 125* Alcom 190xall 10.0 2.2 5.2 14.0 130 112 Allied Choc
    2,553 words
  • 1784 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Slock Exchange yesterday with the number oi shares traded shown In brackets in lots of 1,000 '\nlts inless otherwise specified. INDUSTRIALS Ajmamata (1) 2.53 (8) 250 CAXO. AMM (2 108 2 188)
    1,784 words
  • 856 10 SINGAPORE TRADING oa the Stock Exchange of Singapore yesterday began on a firm note on the »trength of buying Interest which »pilled over from the previous day. The Oversea-Chinese Banking Corporation group of companies again featured prominently. Leader 0.C.8.C. was brought to the day's high of 57.2S
    856 words
  • 637 10 DESPITE some profittaking and liquidation by weak holders, prices managed to hold up well at the Kuala Lumpur stock market yesterday. Following Monday's strong gains in the banking sector and In selected industrial blue chips, shares yesterday opened marginally higher and trended upwards briefly in the
    637 words

  • COMPANY NEWS
    • 1388 11  -  •y GOH HIANG FONG GOOD corporate results accompanied by bonus handouts by nine companies provided the stimulus for trading on the Stock Exchange of Singapore last month. Many of the companies which were the centre of attention recorded advances of up to
      1,388 words
    • 464 11 BANK Bumlputra continued its trend of strong growth last year. Total deposits jumped by 48.3 per cent from M 51,999.7 in 1976 to $2,965.8 million while loans and advances grew 11.1 per cent from the previous year, to reach $1,129.3 million. Pre-tax profits increased significantly
      464 words
    • 669 11 Current payment Ex Date Books close Date payable Total for the year Total for previous year K.L. Kepong 7*% Feb 27 Berjaya Kawat 7%TE Mar 14 Hume (M) Berhad 6%I Mar 14 Sel. Coconut 10%I Mar 21 Malayan Tin 45%I Mar 22 Kuala Sidim Rub. 5%I Mar 29
      669 words
    • 319 11 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. Selangor Properties Bhd: AOM to be held at Tlngkal Kedua, Block E, Lompleks Pejabat Damansara, Damansara Heights, at 4.00 p.m., on April 14. Ajinomoto
      319 words
    • 72 11 February 1978 FFB OIL Tons Tons Austral Enterprise* 279.00 Ayer Molek Rubber 44.39 Bukit Katil Rubber 178.69 Castlefleld 154.92 Golden Hope 2,212.57 Inch Kenneth Kajanff 41.86 Kuala Selangor 85.55 Kundonf Tanjong Pau 38.40 London Asiatic 1,572.68 PaUlinff 1,658.38 Sogomana 86.64 L'nited Malacca 703.91 KERNEL Tons 49.00 30.98
      72 words
    • 707 11  -  By MANO SABNANI MCLEOD-SIPEF Plantations has raised Its offer for the whole of the Issued capital of London Sumatra Plantations to 150 p cash per share from llOp. The higher offer Follows a recent disclosure by the board of London Sumatra that the net
      Source:  -  707 words
  • Page 11 Advertisements
    • 268 11 m v» VV* 7/r w E m 9 W: '4fe UM m i i £4 m |l> 'A I I i««5 V ifl!! nS «lr \> 2 .n /A V. m m m i'W m W' m z^i SSS 33 DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! «v
      268 words

  • 1248 12 AMERICA CANT BREAK CARTEL Agencies FOREIGN oil producers will double or triple their prices If the United States does not hold down Its consumption of foreign oil, warns US Energy Secretary James Schleslnger. Mr. Schleslnger told a House appropriations subcommittee the United States is
    Agencies  -  1,248 words
  • 132 12 Reuter US COMPTROLLER of the Currency, John Heimann said his office is taking "an increasingly hard look" at the international lending and foreign exchange activities of banks. "This does not mean a curtailment of the innovatlveness displayed by the US commercial banks In the foreign sector
    Reuter  -  132 words
  • 739 12 Agencies PRELIMINARY data now being assessed indicate that the US economy grew at zero or even minus rate during the first quarter this year. "It's not going to be a good quarter," said Lyle Gramley, a member of the Council of Economic Advisers,
    Agencies  -  739 words
  • 885 12 Reuter THE OUTLOOK for this year's US trade deficit Is generally unchanged despite the record U554.52 billion (5510.4 billion) deficit reported for February. Economists said the February deficit appears to be something of an aberration and they expect a substantial Improvement for March and
    Reuter  -  885 words
  • 255 12 AFP THE BATELLE Research Centre in Geneva said revaluation of the yen U unlikely to solve quickly the problem of the imbalance in Japaneee European trade. The research wni carried out on behalf of the Japaneee Association'* Top 70 StudyThe Japanese organisation
    AFP  -  255 words
  • 141 12 AFP JAPAN'S Finance Minister, Tatsuo Murayama, will attend an Interim committee meeting of the International Monetary Fund (IMF) to be held on April 29 and 30 In Mexico City. At the meeting Mr. Murayama is expected to propose a plan to establish a new
    AFP  -  141 words
  • 719 12 Agencies DESPITE the Japanese government's comprehensive measures to reduce its trade surplus, Japan's March exports Increased sharply to another record high, an official indicator showed. The Finance Ministry and the Bank of Japan announced that exports on a letter of credit
    Agencies  -  719 words
  • 57 12 Reuter JAPANESE Economic Planning Agency direc-tor-general, Kiichi Miyazawa, said a Japanese Cabinet ministerial meeting will probably be held next week to discuss fresh surplus trimming measures. He said preparations for the meeting, which Trade-Industry Minister Toshio Komoto said last Friday would be held either this week or next,
    Reuter  -  57 words
  • 303 12 Reuter THE International Monetary Fund (IMF) said It reShuffled the 16-currency basket used to determine the value of the special drawing rights (SDR). Under the changes, effective July 1, the Saudi Arabian rlyal and the Iranian rial have been added to the basket and
    Reuter  -  303 words
  • 758 12 LONDON. Tues. Prices closed quietly firm today with longdated government stocks maintaining earlier gains of around 1/2 point despite the fall In the currency reserves, dealers said and at 3 p.m. the Financial Times Index was up 5.7 at 468.2. Continuing optimism ahead of BritUh banking figures was
    758 words
  • Page 12 Advertisements

  • 3729 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 Consortiums SetnDstch has a Joint service
    3,729 words
  • Page 13 Advertisements
    • 453 13 THE BEST ANO FASTEST MY TO THE USA IS MAERSK UNE SINGAPORE *****46 PENANG *****1 K.LUMPUR ***** P.KELANG *****0 Qri C Lines Inc (USA) vUUI rUin Trans-Pacific Sen -uii Container Service i< FEEDER «l SPORE IwtrHfl YaMty FwttV IS j!L OM l» GUI' 21/4 8/5 9/5 14/5 18/5 M/ 4
      453 words
    • 434 13 t» EVERGREEN LINE RED SEA. MEDITERRANEAN SEA LINER SERVICE ETA S PORE LOADING FOR: EVER PROMOTER Voy. 13-15* EVER PIONEER Voy. 14-15* JEDDAH,AQABA PORT SAID. LIMASSOL LATTAKIA. TRIPOLI (LIBYA) GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD., 131. ROBINSON ROAD. SINGAPORE. 1. TEL: *****33 (t LINES) TELEX: R*****1 Greenfield Navigation Co.,
      434 words
    • 409 13 SHARJAH SHIPPING CO. LTD "Mj JJ, J" (UNHID ARAB CMiHATES> fIHII SHIPPinG lIfK (UNITED HUB EMIRATES) FAR EAST ARABIAN LINE t 101*1 StWlCf 01 J*»W» I iMAAJAH t £»0 OIK Sit SHtMSH 't<rt* s POK p Aetti* ftn»ni Loa«in| lor TMI 2/4 M* V7Htr •SIM.F MAJESTY 2t/2t Apr 0/11 Apr
      409 words
    • 54 13 NOTICE m.v. "VISHVA TARANG" VOY: 13 13th March. 1978. at P.S.A. Godown No*. 33/34 General Survey of damaged cargo ex the above vessel will be held on Friday 7th April, 1978. as from 9.00 a.m. to 5.00 p.m. No further survey will be held after this date. AgenU:R. JL'MABHOY SONS
      54 words
    • 13 13 FORTNIGHTLY TO MIDDLE EAST LAND i DRT KFttttMTED CONTMMt UWICC BOOKING TEL *****22
      13 words

  • Page 14 Advertisements
    • 765 14 SHIPPI <? Hapag-Lloyd FUUT CONTAINERISED TO EUROPE Htmtxiri Eipreii Outi tij Hang Koof Eiprm Kitm Mm lUwft Hani Or e» UMfcwfk KamkanMani EXPRESS CONVENTIONAL TO EUROPE Genoa H'buri B'luven (d»m Awerp 2649b8 5 3 s J/5 18/5 22/5 15/5 17/5 25/5 5/1 9/6 31/5 3/C ti/c 24/f a/6 2t/( mi
      765 words
    • 708 14 I 13 SANKYO LINE) AUSTRALIA SERVICE P. Kelang Singapore Loading for: KYOSCIMARU «P< 6/7 Apr FREM. AOEL, MEL, SYO MAY SKY 9/10 Apr 11/12 Apr DARWIN. BRIS. SYO MAY CARP 20/21 Apr 22/23 Apr FREM, AOEL, MEL KYOTEN MARU 27/29 Apr 30/30 Apr AOEL, MEL, SYD BANGLADESH SERVICE MAY BREEZE
      708 words
    • 596 14 SEA mLAND a U.S.*./ ASM SERVICE oev ttrticEßAUPawiw wwg sailing every Wednesday roe ports in us*. r M MO« CARIBBEAN JAPAN. *0«A. IMM HONG KONG THAILAND MO PHILIPPINES 40TH FLOOR. HONG LEOHG BLDG QUAY SINGtPORf Cujlomti Service Boolmj 22?5??2 Terminal ?S7«'S3 ?*****7 REGULAR RORO BERVIC Go one better to the
      596 words
    • 975 14 r Everett Lines Bum* Five Star SkipfMf C*rpa. 'BURMESE NATIONAL LINE OAOtNC FOR RANGOON phashwegtawtwa n/a apr BFSSC Aoents Po»t Kelong Tel (381-7355 "o Moloysio TEPS MALAYSIA Penong Tel *****/ ***** A A PAMPA ARGENTINA NmjiMß la—rtwttl S. A. C.I. F. j "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN CAPETOWN BUENOS
      975 words
    • 527 14 ANTAII JARDINt X 1 •SJ FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) OMENTAL CHIEF M s $us so oct m INEPTUNt CORAI 7* ■acnwupiMiM CHCwunnam M msm«s atl lrt»irti»w Hamburi FULLY CONTAINERISED SERVICE FROM EUROfE (VIA SUEZ) CMfKW.lt* PMK IK ■NEPTUNE COMl« NEPTUNE PEAM 8E CHEVALIER RO2EBE IH. ROM CONTAINER
      527 words

  • Page 15 Advertisements
    • 1298 15 OCL Overseas Containers Limited CONTAINERSNIP SERVICE TO It/CWTINCNT: UMIIIK [INKS la Nrt I Ayr Ayr Ayr It t|>(* OSAKA MY IS Ayr II Ayr S May a Mi? 1 Ml) 12 May ICNAVON n Mr 71 Mr K Mar 11 May 14 Ma* M Mil NK KONG EXPRESS It Mr
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