The Business Times, 13 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, APRIL 13, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Guidelines eased
      71 1 Reuter TOKYO, Wed. The Japanese Finance Ministry has relaxed unofficial guidelines requiring Japanese banks to cover their additional overseas lendlngs of more than one year with borrowings of the same duration, Japanese banking sources said. The relaxed guidelines require that the banks' borrowings in the period from July,
      Reuter  -  71 words
    • Article
      Attractive market
      64 1 KUALA LUMPUR, Wed. Australia presented an attractive growth market for Malaysia and other Asean countries, Its senior trade commissioner, Mr. T.N. Cronin, said today. "This was supported by the latest trade figures which showed Asean exports to Australia had grown by almost 50 per cent In the six
      64 words
    • Article
      Lock icon Prices rise
      82 1 Reuter. PARIS, Wed. Consumer prices rose by an average 0.7 per cent in February In major noncommunist Industrial countries, compared with rises of 0.6 per cent in January and 0.4 per cent In December. But the OECD said consumer price Increases on an annual basis dropped to 7.8
      Reuter.  -  82 words
    • Article
      Lock icon Japanese coming
      52 1 UPI. TOKYO, Wed. A Japanese economic mission left today for Asean to explore the possibility of leasing power plant barges, officials said. The project calls for Japanese shipbuilders to construct barges, which will be leased out to the Asean countries at fairly low rates or given as grant
      UPI.  -  52 words
    • Article
      Higher investments
      37 1 TOKYO, Wed. Nippon Credit Bank said Japanese companies plan to increase their capital investment by an average of 9.7 per cent in fiscal 1978 compared with a decline of 2.6 per cent in fiscal 1977.
      37 words
    • Article
      Lock icon No devaluation
      56 1 Reuter. ANTWERP, Wed. Belgium remains opposed to any devaluation of Its franc, Economics Minister Willy Claes said. He said the Belgian inflation rate will be reduced to an annual 5 per cent by the end of the year. In March, year-on-year Inflation, as measured by the consumer price
      Reuter.  -  56 words
    • Article
      Lock icon Shares plunge
      45 1 UPI LONDON, Wed. One billion pounds was wiped off shares today after the stock market had given an emphatic "thumbs down" to Chancellor of the Exchequer Denis Healey's budget. Shares encountered widespread and some fairly heavy selling to close with falls extending to
      UPI  -  45 words
    • Article
      Lock icon HK won't lose out
      42 1 Reuter. HONGKONG, Wed. Hongkong Financial Secretary, Philip Haddon-Cave, said he did not expect enactment of the government's proposed bill to tax interest earned on offshore profits by banks would mean a substantial loss of business to Hongkong. Reuter.
      Reuter.  -  42 words
    • Article
      Lock icon Dow Jones
      57 1 UPI. NEW YORK, Wed. Stocks were mixed early today amid profit-taking and investor uncertainty about Inflation. Trading was active. The Dow Jones industrial average, which fell 3.47 points yesterday, was off 1.81 points to 768.37 shortly before 11 a.m. Of the 1,481 issues crossing the tape, 486 advanced,
      UPI.  -  57 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      129 1 Rises Most actn re OCBC ST P 1975 Sime Darby Straits Trading Textile Corp 690 585 416 660 94 +25 +25 16 10 +8*i API G Lumber Sime Darby Sin Chew 235,000 117,000 96,000 87,000 PMC 340 +8 Total Turnover: 2.79 m C AC 310 +8 Total
      129 words
    • Article, Illustration
      In Kuala Lumpur
      159 1 Rises Most active Sea Corp 5 20 .42 Slme Darby 301.000 Castlefleld 9 45 .35 G. Lumber 283,000 Sime Darby 4.30 .22 API 218,000 S Trading 6.85 .20 Gentlng 118.000 OCBC A Amal CliC 7.10 4.50 3.14 .20 .10 .08 Total Turnover: 2.98 m Total Value: MS6.91
      159 words
  • Article
    Government lines up more bonds
    1068 1  -  FORECAST OF LIKELY DATES By COLIN CHEE THE GOVERNMENT'S first domestic borrowing for the year of $575 million in government registered stocks is scheduled to take place next Monday, and predictions are already being made that a second and a third are being planned for
    1,068 words
  • Article
    OFFSHORE FUND TO BE FLOATED
    237 1 ASIA Capital Fund (ACF), the offshore investment fund incorporated In the Cayman Islands recently, will be floated to investors in -Singapore and elsewhere within three years of its incorporation. This is disclosed in the United Overseas Bank's latest newsletter which also says that the bank
    237 words
  • Article, Illustration
    Dial your cash connector soon
    568 1  -  •y TERESA LIM SINGAPORE'S banks and corporations will have access to an on-line cash management service In the next four months. The new service will be launched by Bankers Trust and will be used by companies operating US dollar accounts. The facility, known as the
    568 words
  • Article
    Wee is tipped to head federation of chambers
    230 1 THE newly •formed Singapore Federation of Chambers of Commerce and Industry will be officially inaugurated on May 5. The foderattaq't first business muting, however, will tahe place next Thursday. Its first president as well as other members of the new council, will
    230 words
  • Article, Illustration
    Singapore acts as pace-setter for world
    476 1  -  •y SOH TIANC KENG SINGAPORE has rlghtl/ earned its reputation &s the "Zurich of the East" for its rapidly-expanding foreign exchange market Is now acting as the pace-setter for world prices. Mr. H. Baschnagel, executive vice-president of the Swiss Bank Corporation and doyen of
    476 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      1 1 AKAI
      1 words
    • Advertisement
      Page 1 Advertisements Column 2
      143 1 > LATEST ISSUE The latest Issue of the ASEAN Business Quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of economic motivation among 80% of the ASEAN population. The latter explores the British, American,
      143 words
    • Advertisement
      Page 1 Advertisements Column 3
      88 1 Leader Page 6 BMIQB SHIPPING TIMES WELL-HEAD equipment WILL Japan pen oat u top production In Jurong 2 Vmh l centra C ENTER the cartridge cash die- TATA to make the world its EeaOTON to Healey 3 SIME gnmp profit' stow* 7 NEW Zealand sirHnea merge 5 promise 11 FEW
      88 words
    • Advertisement
      Page 1 Advertisements Column 4
      378 1 BAMCMUJ SAFE DGPOSTT DA3A SAFE STRONG SAFE SAfERLE THESE ARE THE BOOKS THAT HITLER BURNED r.ript --L k I THE GREAT BOOKS OF WESTERN OVILiZAnON Theee arc the books that had to burn For within the GREAT BOOKS art volume* that hold the ideas and thinking that challenge the fettered
      378 words
Page thumbnail Page 2
  • TRADE AND INDUSTRY
    • Article
      Mining workers to get 22pc wage rise
      649 2  -  BETTER FRINGE BENEFITS TOO •y CHARLES CHAN in Kuala Lumpur INDUSTRIAL relations In the Malaysian mining Industry are expected to Improve further with the signing of a collective agreement that will add another 22 per cent to wages over the next three years.
      649 words
    • Article, Illustration
      Cartridge cash dispenser
      266 2 AN IBM automated teller terminal that features a new, efficient cash loading cartridge will soon be available in Singapore. The teller terminal fits easily into the new IBM 3824 consumer transaction facility, thus speeding up service. The 3624 terminal costs between U5516,797 and $32,483 (5538,800 to $75,035),
      266 words
    • Article
      Exports to Gulf states up
      148 2 SINGAPORE'S exports to the six key Arabian Oulf nations rose 46.7 per cent In 1976, according to statistics released by the United Arab Shipping Company (UASC). In 1976, Singapore exported $4.6 billion worth of goods to Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and the United
      148 words
    • Article, Illustration
      WELL-HEAD TOOLS
      347 2  -  •y RONNIE LIM NATIONAL Supply Company In Jurong, the local subsidiary of National Supply Co. of the US expects to begin manufacture of sub-sea and conventional well-head equipment for offshore and land drilling in the latter half of this year. National Supply Is a division of Armco Steel
      347 words
    • Article, Illustration
      Silver coins with Telecom design soon
      126 2 PROOF version* of the lt7B $10 silver coin bearing the "Telecommunication*'' ihilpi will be releoeed on May Bby the Board of Commissioner* of Currency. Priced at 130 each, the coin is legal tender and is similar to the $10 silver coin issued in February.
      126 words
    • Article
      Lock icon Big leap at fair
      90 2 AFP. CHINA will step up purchases of foreign advanced technology and equipment at the forthcoming Canton fair, a leftwlng paper reported in Hongkong yesterday, only three days away from the opening of the fair on April 15. The Ta Run* Pao quoted officials of the Chinese
      AFP.  -  90 words
    • Article
      A MUST FOR SALES PERSONNEL
      181 2 THE National Productivity Board Is to hold a course on professional salesmanship, designed to train aspiring salesmen and to reactivate the veteran salesman. The course will be held at the NPB Town Training Centre, from April 24 to May 17. All aspects of sales work,
      181 words
    • Article
      Slight increase in new private cars
      175 2 THERE vu A negligible Mt Increase of 291 private cars on Singapore roads In February, bringing the total number of private can to 118,388 by the end of that month. The latest Registry of Vehicles' statistics show that the increase was due to mainly
      175 words
    • Article
      MEMO PAD
      184 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April 3-20 Industrial Relations Hilton Personnel Organisation Development April 17,18 Financial Management Hilton Consulasia April 21 New concepts In desk-top calculators Hyatt IREE April 24May 13 Middle management course SITC SITC April 24 Effective Report Writing Hilton Consulasia April 24May 11
      184 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      245 2 m m vvf t/LW w '0 E *4 7 9 i s»; SN\\\ 1 fc?/ Va m s i ;VS3 (I W. M Mi HI U! .fi«i >;i IM fe g Cj/2 E f v «f- v 3 -v>-: rs *> w K >v 1 A well-read person is a
      245 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      605 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Give one's address (5) A knottv snag (5) Hit and make some laddie cry (4. 3) 10 Ducky little chap? (5) 11 Better way to prepare rice (5) 12 Damages the teeth? (5) 13 They may go down nicely with beer, sir (7) IS
      605 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Lock icon Budget reveals UK is on the mend
      1253 3 Reuter. •"THE MILDLY reflatlonary '"'British budget unveiled on -Tuesday reflects Britain's !i improving economic health. International monetary 'Sources said the British economy Is still in a i« convalescent stage after its wsevere economic difficulties of recent years and the -budget presented by .•Chancellor
      Reuter.  -  1,253 words
    • Article
      Lock icon Leyland catching up in Britain
      214 3 Reuter. IMPORTED cars contli nued to take a smaller share of the British market last month while state-owned British Leyland Motors, for i a long time a sluggish seller, j again increased its market J share, according to sales I figures released yesterday. t The
      Reuter.  -  214 words
    • Article
      Lock icon Healey's aim is to cut unemployment
      584 3 Reuter BRITAIN'S Chancellor of the Exchequer, Denis Healey. told Parliament on Tuesday that the first purpose of his budget will be to encourage a level of economic activity to reduce unemployment. He said the main objective must be to reduce the intolerable level of
      Reuter  -  584 words
    • Article
      Labour law reform battle hots up
      949 3 THE BITTER multi-_million-dollar battle over the Carter Administration's controversial labour law reform bill is moving into high gear. The battle already has sparked almost record amounts of mail for Congress (estimates go as high as eight million pieces). Some senators say the mall on
      949 words
    • Article
      Lock icon Bonds eased on PSBR concern
      176 3 Reuter. UK GOVERNMENT bonds eased about one point for long dated stocks and around 1/4 point for shortdated issues. Analysts said operators are concerned that the goverivnent needs to sell a minimum of £9 billion (Ss22 billion) fn tap stock issues in the next financial
      Reuter.  -  176 words
    • Article
      Lock icon US, a spoilt child and glutton, says Simonet
      487 3 UPI ACCUSING the United States as an irresponsible "glutton," Belgian Foreign Minister Henri Simonet has openly voiced what many Europeans are saying in private. Mr. Simonet on Tuesday roasted President Carter's economic, energy and strategic policies. Mr. Carter's wavering on the neutron
      UPI  -  487 words
    • Article
      Lock icon Ottawa budget falls flat
      205 3 Reuter. CANADIAN Finance Minister Jean Chretien's pre-election budget fell flat on Tuesdav as the government disclosed that unemployment was climbing. Mr. Chretien announced on Monday night a budget of U5546.9 billion (*****.87 billion), featuring an $800 million temporary sales tax cut to boost consumer spending and
      Reuter.  -  205 words
    • Article
      Lock icon Vessels which are fishing for trouble in Lanka waters
      431 3 Reuter THE SRI LANKAN government has decided to crack down on marauding fleets of foreign fishing vessels poaching In Its waters. The waters surrounding this Indian Ocean Island republic abound in fish but yet the country has to import fish to
      Reuter  -  431 words
    • Article
      Lock icon European joint float changes ruled out
      552 3 Reuter CHANGES in the present European Joint float have been ruled out In current discussions on ways to create more monetary stability in Europe. Official EEC sources said European authorities do not want to change the existing float and stressed that the mechanisms now
      Reuter  -  552 words
    • WORLD IN BRIEF
      • Article
        PROPPING UP CHILE
        355 3 PRIVATE American banks have lent almost US$l billion (552.3 billion) to support Chile's economy while US government and multilateral loans were stopped because of human rights violations, according to a study prepared by the Institute for Policy Studies, a Washington Think Tank, for the UN Commission on
        355 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      194 3 I f A, More Than Just Good Food. RESTAURANT*NITE-CLUB*EXECUTIVE LOUNGE The Restaurant 10.30 AM to 2.00 AM Ml ÜbW*. VI y y <~y?C i The Executive Lounge 10.30 AM to 7 PM (Happy Hour 4 PM 7 PM) MS I Lunch Hour: 11.00 AM to 3.00 PM Dinner Time: 7
      194 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      463 4 OPENINO quotations in Singapore yesterday were marked about unchanged and the market later ruled inactive with prices little changed due to a general lack of interest. The morning session closed quiet with May One RSS buyers quoted at 200.75 cents per kilo, up 0.25 cent on
      463 words
    • Article
      RAS PRICES
      316 4 Price* in cent* per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S. prompt f.o.b. Int 1 R.S.S May Int. 1 R.S.S. June Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont. Int. 4 R.S.S UK/Cont. Int. 5 R.S.S. UK/Cont. Buyers 200 00 200.75 201 25 196.00
      316 words
    • Article
      SSR AND SMR
      97 4 NOON SSR and SMR prices yesterday: Mav June B AS (Cumil Mtfc) (F« rward Mth) MS Buyer Seller. Buyers Sellers <ces lUperkc) <M •la per M) SSR 20 (1—ton pallet) 193.00 19S.OON 194.00 198 00N SSR SO mci B (1—ton pallet) 191.00 193.00N 192.00 194.00N luftLO 8MRSCV
      97 words
    • Article
      Palm oil
      85 4 C.I.F. North European ports, in US dollars per ton unlets otherwise stated LONDON: 7 Tuesday Previous Malaysia 5% ffa bulk per tonne June Sumatra 5* ffa bulk April May June July August September Nigeria 5* ffa bulk stf 576 sir 825 sir 620 sir 595 sir 580 sir
      85 words
    • Article
      Closing prices
      30 4 Rubber: April 12 Singapore: May 201.25 cents (up 0.75 cent) .Malaysia: May 205.75 cents (up 1.00 cents) Tin: 11,525 (down $43) Official offering: 276 tonnes (up 4 tonnes)
      30 words
    • Article
      Hongkong comex
      231 4 THE SUGAR market eased 0.06 to 0.14 US cents in fairly quiet trading yesterday, with four lots traded against Tuesday's 25. Traders stayed on the sidelines throughout the day due mainly to wide spreads between bids and offers, dealers said. The Hongkong daily spot sugar price fell 0.05
      231 words
    • Article
      SPOT PRICES
      197 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cotton Yarn: China Blue Phoenix 20s 1 770. 32s 2.055, 40s 2.180 (per bale of 400 lbs). Piece Good*: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. lying Geese unq (per piece
      197 words
    • Article
      Produce exchange
      376 4 BLACK pepper declined by $2.50 per plcul while the other commodities held their own in quiet trading on the Singapore produce market yesterday. The top black grade. Lampong black AST A. was quoted at 1280 per picul. More dealers offered to sell black pepper than white. As such,
      376 words
    • Article
      Coffee
      378 4 TERMINAL coffee opened £26 to £5 higher in a turnover of 469 lots, in London yesterday. Prices had been expected to open slightly higher following Tuesday's strength in New York. Market sources said follow-through commis-sion-house interest coupled with dealer buying and short-covering extended gains before profit-taking halted the rise.
      378 words
    • Article
      Sugar
      266 4 SUGAR futures in London yesterday opened £1.75 to £1.50 per tonne down from Tuesday afternoon's closing levels. Turnover totalled 1,312 lots. Dealers said most of the losses were recorded during Tuesday night's kerb under long liquidation prompted by the downturn In New York. Some follow-through selling met scale-down trade
      266 words
    • Article
      Cocoa
      261 4 TERMINAL cocoa In London yesterday opened £6 down to t'7.50 up but later moved irregularly lower In hesistant trading. Losses ranged between L" 14 and 14.50 Just after 11 a.m. although prices were trading substantially up from the lows. Early bear sentiment may have been influenced by higher Bahia
      261 words
    • Article
      Rice
      213 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne f.0.b., basis Bangkok): While Use: 100 pet Ist class 442,100 pet 2nd class 427,100 pet 3rd class 422, Spct 413. 10 prt 400, IS pet 392. 20 pet 387, 25 pet 377. 35 pet unq. Broken:
      213 words
    • Article
      Straits tin
      317 4 THE STRAITS tin price In Penang yesterday fell MS43 per picul to $1,525, $25 above the International Tin Agreement celling. Sentiment weakened due to the high volume delivered by miners, reports of consumers opposing the rise of the celling price and the overnight fall on the London Metal
      317 words
    • Article
      Silver
      173 4 SILVER on the London Metal Exchange yesterday advanced by mostly 1.4 pence per troy ounce, attributed by dealers to the overnight gains at New York and the rise in gold. But the slightly firmer trend in sterling against the US dollar shaded ring prices from levels prevailing in the
      173 words
    • Article
      Zinc
      132 4 ZINC finished the morning in London yesterday with losses of £5 for cash and 14.75 for Three Months. Dealers said the premarket was subjected to stale bull liquidation and stop-loss selling following a report that a formula had been agreed to end metals strikes at Vielle Montagne, Hoboken-Overpelt and
      132 words
    • Article
      Soybean
      232 4 SOYBEAN futures finished one to nine US cents a bushel higher, with new crop Months leading the advance, In Chicago on Tuesday. The market traded nervously most of the session after retreating from early gains of as much as 10 cents on buying fuelled by large export inspections. Commission-house
      232 words
    • Article
      Wheat
      104 4 WHEAT futures In Chicago on Tuesday managed to recover from earlier losses to post gains of 2Vfc to one US cents a bushel in most Months at the close. Only the May contract finished lower, with a one-cent loss. Prices Jumped four cents at the opening as com-mission-house buying
      104 words
    • Article
      Copper
      376 4 COPPER wlrebars ended the morning In London yesterday with losses of 12.50 for cash and £3 for Three Months. Values gave ground on the pre-market under moderate liquidation prompted by a late downturn at New York, lack of significant physical demand and steadier sterling against the US dollar, dealers
      376 words
    • Article
      Lead
      92 4 LEAD closed the early session with gains of mostly L' 0.50 per tonne in London yesterday. The early pre-market firmed up to £323 for Three Months under heavy covering from one quarter which dealers attributed to US account. However, gains were pared by profit-taking and Three Months closed trading
      92 words
    • Article
      Gold
      454 4 THE KILOBAR In Singapore yesterday opened at SI 13,488 and moved higher during the day to close at $13,551 in quiet trading. The firmness In the gold price was attributed to short-covering. In the loco London market, the metal opened at U*****.65/95 and closed at $181.50/80. The London morning
      454 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        439 4 FOLLOWING President Carter's announcement of anti-Inflationary measures, the US dollar firmed marginally against most of the major currencies yesterday. Traders, however, remained cautious and the market stayed thin. Opening at 218.30/40 against the yen, the dollar gained ground in light trading to 218.60/70 by London opening time. Against
        439 words
      • Article
        Minimum lending rates
        70 4 THE PRIME raU of noit commercial bub in Singapore sow itudi at 7 per cent. Oversea-Chinese Banking Corporation to *1111 offering 6V« par cent to its beat customer* while both Chartered and United Commercial Bank are maintaining their prime rate* at 7V4 par cent. The stated prime
        70 words
      • Article
        Asian $ & CD rates
        220 4 Asian CD rates ASIAN currency deposit Interbank rates as at close on April 12: THE CD market yesterday remained lacklustre all day with investors waiting on the sidelines in anticipation of a monetary aggregate bulge that may trigger a tightening move by the Federal Reserve. LIS Doll* Offer .7 rMSpot)
        220 words
      • Article
        Discount
        52 4 RANOE of prices offered by discount houses on April 12: Overnight 1* to 3*% Call deposit 2% to 3W% Chwtec Buying S*Uta« 3-Month Treasury bills 3.1/4 3 1/8 3-Month Bank bills 4 7/8 4 3/4 3-Month CD S 4 7/8 8-Month CD S 5/18 S 3/18 Source: National Discount
        52 words
      • Article
        Tokyo
        136 4 THE US dollar for overnight delivery closed at 218.70 yen yesterday, up from a 218.20 opening but down from 219.10 at Tuesday's close. No central bank Intervention was detected, dealers said.' Trading was light with volume US$299 million. The US currency fell sharply in early trading to 218.15 yen
        136 words
      • Article
        Australia/NZ
        58 4 AUSTRALIA and New Zealand exchanges on April 12: AUSTRALIA US dollar 1 1500/1.1452 Sterling 0 6135/0.MB Ninetyda* air mall buying rates: Sterling 0.6290 US dollar 1 1804 Ninety-day air mall buying rate*: Sterling 0.6132 U8 dollar 1.147* NEW ZEALAND: Sterling 0 5484/0 5455 US dollar 1 0335/1 0235 Ninety-day
        58 words
      • Article
        Treasury bills tender
        40 4 THE Monetary Authority of Singapore Invites banks and discount houses to tender for a total of SS3O million 91-day Treasury bills to be issued from April 17 to 21. Each tender must not be less than $250,000
        40 words
      • Article
        London
        257 4 IN FAIRLY quiet open trading, the dollar yesterday rose from early lows against most currencies. Market disappointment at the relative lack of specifics In President Carter's anti-lnflatlon speech to American editors on Tuesday prompted early mark-ing-down of the dollar on selling pressure, but It staged a mild rally on
        257 words
      • Article
        New York
        226 4 FOLLOWING a decline on President Carter's antl-ln-flation speech, the dollar closed at Its lowest levels of the day on Tuesday against major currencies. The decline was relatively limited, however, and in many cases the dollar was little changed from Monday's closing levels, dealers said. The US currency Improved
        226 words
      • Article
        Hongkong
        116 4 REFLECTING some disappointment with President Carter's anti-inflation speech, the US dollar yesterday closed weaker compared with overnight New York levels. The US unit closed at 2.0020/30 marks compared with 2.0045/70 in New York and at 218.20/40 yen against 218.58/82 in the US and 218.70 in Tokyo. Sterling strengthened to
        116 words
      • Article
        Euro $ rates
        123 4 Euro rates PERIOD deposit rates were adjusted lower on technical considerations yesterday while day-to-day rates were generally unchanged from Tuesday's closing levels in light trading. One to Six Month rates fell by up to 7/16 although Three Months was buoyed by a Friday end technicality and was quoted only 1/16
        123 words
      • Article
        Eurobonds
        348 4 EUROBOND price* quoted on April 12: r Straight* Bid Offer Total oil stg 9* 84 94.75 95.25 FFI stg a tn 95 37 96.87 Courtaulds stg 89 94 82 85.12 EIB slg 9\ K 95.87 98.37 Flsons stg 10'«87 98.82 99.12 Inco9 92 97.12 97.82 Inco8'<84 97.12 87 82
        348 words
      • Article
        Frankfurt
        51 4 FRANKFURT exchanges opening quotes on April 12; r US 2 0030/45 < 2 0115/ 25) CM) 1 7530/80 SI* 3 71/71 D Pi 93 55/65 S FT 10S.30/M Ut 2 352/ 362 V Ft 44.17/ 27 N Kr 37.86/90 r Fr icon) 6 411/421 B Fr (fin) 6 41/42
        51 words
      • Article
        Zurich
        63 4 ZURICH exchanges closing' quotes on April 11: US 1 8570-8590 8If 3 4889-4945 Can 1 8225-8248 -> o Mk u.zm-rm D PI 88 4525-8081 P Ft 40 7884-8571 B Pr 5 9218-9298 y O Kr 33 4838-5287 N Kr 35 0443-0887 8 Kr 40.7103-T875 Ut 0.2181-2184 A us ich
        63 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      135 4 study with Wblsev Hall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Ki Administrators Inst of Statistic ans London Chamber of Commerce Industry HSC/GCE A Level MCE SCGCE 0 Level London'Atß GCE A O' Levels Modern Mathematics for Teachers Foulks Lvnch LONDON Ass of Certified Accountants
      135 words
Page thumbnail Page 5
  • TRANSPORT
    • Article
      Few options for world liner shipping
      700 5  -  By TERESA LIM WORLD liner shipping cannot continue an uncharted course into the future. It must be organised and there are not many alternatives, to choose from, according to an executive of a major shipping firm. Mr. Karl-Heinz Sager, deputy chairman of the West
      700 words
    • Article
      Lock icon LONDON FREIGHT
      177 5 AP A FIRMER tone persisted throughout the London freight market on Tuesday w|th both voyage charter and time charter rates moving gradually higher. Trans-Atlantic gain fixing showed another advance when the Irena Dan secured U556.75 (F10) for a 56,000-ton end-April US Gulf shipment to Holland or Belgium. Great
      AP  -  177 words
    • Article
      Japanese orders dive to a low
      440 5 OVERSEAS orders received by Japanese shipyards in fiscal 1977 ended last month fell sharply to 200 ships totalling 2.70 million grt from 485 vessels amounting to 6.36 million grt in fiscal 1976. This was the lowest in 15 years. The total included 112 freighters,
      440 words
    • Article, Illustration
      SHIPS IN PORT
      433 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Bunga Mas (1400 after Keiyo Maru) 19 Cherry Vltja (B. Barge) (after Ocean Supply sails) 47 Cristobal Maru (JPQU) (1200 after Dona Montserrat Stolt Surf) 13/14 Golden Lion (after Mikasa) 46 Green Hope (TKGH) (0200 after Loon Chong) 38/39 Iyo Maru (JPIB)
      433 words
    • Article, Illustration
      PURELY CARS ....
      105 5 PURELY CARS ONE OF NYK's largest pure car carrier, Jinmei Maru, scheduled for completion in June, was launched last month at Tsurumi Dockyard of Nippon Kokan K.K. The 15,400 dwt ship can carry 6,000 cars of the size of Toyopet Corona, 2,000 more than her sister ship, Jingu Maru, completed
      105 words
    • Article
      Golden Land safe
      104 5 A SINGAPORE-registered vessel. Golden Land, ran aground some distance east of Hongkong on Tuesday. The owner, Guan Guan Shipping yesterday, disclosed that the Golden Land had already been brought to safety and all its 28 crew members are reported to be well and unhurt. The vessel, carrying
      104 words
    • Article
      Air NZ and National Airways merge
      264 5 NEW ZEALAND'S two airlines, Air New Zealand, the overseas carrier, and National Airways Corporation, plying domestic routes, have merged to from Air New Zealand. The merger effective from April 1, coincame at a time when ANZ's cabin crew, under the New Zealand Stewards and
      264 words
    • Article
      Lock icon Aussie dockers return to work
      233 5 Reuter THE Waterside Workers Federation (WWF) members began returning to work yesterday at ports around Australia after Tuesday's nation-wide strike. A WWF spokesman said members at most of the minor ports began returning to work yesterday but those at most of the major ports decided
      Reuter  -  233 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      638 5 ARRIVALS Service Local Operator Number Time From SIA SQ209 1045 HLP GIA GA944 1055 PKU GIA GA908 1100 MES PAL PR501 1125 MNL GIA GA982 1200 HLP SIA SQ240 1210 MES TMA TL324 1230 TPE/HKG SAS SK097 1235 CPH/THR/BKK THAI TG413 1245 BKK MAS MH684 1250 KCH
      638 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      449 5 from JA A T 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
      449 words
Page thumbnail Page 6
  • Article
    Tuning is all the US economy needs
    576 6 THE world waited with baited breath for the speech the other night by President Carter to the American Society of Newspaper Editors. The President produced a damp squib but one that nevertheless provoked plenty of reaction. The protests against his failure to come
    576 words
  • Article
    A management tool of the future
    201 6 ON-LINE cash management Is not a newly-discovered phenomenon. Most banks and corporations In the US already have their own on-line systems which provide a diversity of functions, not the least of which Is a fast, accurate and comprehensive picture of a user's account activity.
    201 words
  • Article, Illustration
    Japan might not make it to be top bond centre
    1733 6  -  THE number of yen-denominated bonds floated in Japan by the World Bank and other international organisations, as well as central and local governments of foreign countries has increased conspicuously since last autumn. Some 800 billion yen of such bonds is
    1,733 words
  • Article, Illustration
    Lock icon Confusing dollar doubletalk
    604 6  -  By THOMAS THOMSON Reuter. IF THE US dollar's plight In the past few months has done nothing else, It has revived what some foreign exchange traders here call "the doubletalk of economic crisis." President Carter defends the dollar's "integrity," central bankers worry about its "fundamentals" and almost
    Reuter.  -  604 words
  • Article
    Personal loans
    153 6 THE Oversea-Chinese Banking Corporation has explained that its personal loans are offered on a clean basis and not "secured" as reported by Business Times in its article on page 6 last Saturday on personal loan schemes operated by banks In Singapore. The Insurance policy that an applicant Is
    153 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      567 6 sinoapura FORUM |g HOTEL Cufcii HllliM, CM Orchard Road, S'pore Tel: *****2 Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open till 2.00 a.m. Coffee
      567 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      62 6 WEATHER outlook for Singapore from 6 a. m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 p.m. on April 12 at the airport. Maximum Temperature 32.4° C Associated Humidity .63 Minimum Temperature 23.5 C Associated Humidity 98 Hours of Sunshine 5.6 Rainfall in Millimetres trace Total
      62 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      291 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Back to the Hills (Repeat) o 3.25 Diary of Events (Chinese) 3.30 Eight Heroes of Shou Lin with English subtitles (Repeat) 0 A Mandarin drama serial 4.15 Intermission 6.00 Opening announcements followed by Lassie Ride the Mountain 0 6.30
      291 words
Page thumbnail Page 7
  • Article, Illustration
    Lock icon Government controls forcing Tata to look outwards
    1120 7  -  By K.K. SHARMA FT. WITH its expansion constricted at home by laws checking the growth of the so-called "large Industrial houses," Tata Sons Is now looking outside India. Since regulations that equity participation abroad should be limited to the capital equipment employed have
    FT.  -  1,120 words
  • Article, Illustration
    Lock icon Malnutrition, scourge of India
    847 7  -  By WILLIAM BORDERS NYT. -•USHIN Ram, a sinewy 32'J*ar -old Randoor farmer, grows high-quality wheat on his fertile 0.4 hectare plot here, yet his five children improperly nourished most of the time. We cannot afford to eat much from our own land, Ram explained with a
    NYT.  -  847 words
  • Article
    STRAWS IN THE WIND
    447 7 I SHUDDER to think of the energy wastage perpetrated by certain major chopping centres, particularly those such as Orchard Towers and Lucky Plaza in Orchard Road. You can stand right out on 'the pavement in front of Orchard Towers and still walk around in virtual aircondltioned
    447 words
  • Article
    Blame it on Carter
    966 7  -  (FOBOMj r ...on America By James Reston James Reston is a columnist with the New York Times. IN THE last couple of weeks, President Carter has been criticised more severely by the press at home and abroad than at any other time since he entered the
    966 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      310 7 Kf, I' V 1 V W «tffe- *w^siwipl HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel: *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10
      310 words
  • Page 7 Miscellaneous
Page thumbnail Page 8
  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Market rebounds
      607 8 TOKYO Source: DBS-Daiwa THE stock market yesterday rebounded (or the first time In six days. Incentive-backed Issues and high-priced light electrical stocks, In particular, gained ground. Precision equipment and oil Issues were also strong, while foods and constructions were mixed. In the morning session, selective buying prevailed In
      Source: DBS-Daiwa  -  607 words
    • Article
      Lock icon Hongkong
      374 8 Source: Sun Hung Kai Securities Ltd EARLY market sentiment yesterday was dictated by the mark-down of Hutchison Whampoa shares, leaving prices below Tuesday night's closing levels. Heavy trade was seen again in HK Wharf closing $17.80. up 20 cents on continued takeover rumours. Interest was again seer) In China
      Source: Sun Hung Kai Securities Ltd  -  374 words
    • Article
      Bangkok
      135 8 APR 12 Bahts Asia Fibre 258 unch Bangkok Bunk 375 -2 Bangkok Invest 376 10 Bangkok-Metro-polilan Bank Bata 770 -40 BerliJucker 476 CarpetIntnl Charoong That Wire 294 -14 Dumex DusitThani 318 -3 Faber Merlin First Trust Genera Finance 376 -8 Indo-Thai Industrial Finance Corp 2505 10 J And J
      135 words
    • Article
      Manila
      129 8 THE market closed mixed yesterday with commercials and minings posting slight declines while oils were slightly higher. Turnover rose to 2.00 million pesos from Tuesday's 1.76 million. San Miguel lost three points while other commercial Issues remained firm. APR 12 Pesos Aroje Mining 006 0 0002 Atlas Con. A
      129 words
    • Article
      Sydney
      314 8 INDUSTRIALS closed firm while speculative minings were actively traded yesterday BHP gained four cents to A 56.16 while CSR rose eight to $2.82. Central Pacific gained 20 to $4.70 while Southern Pacific advanced eight to $1.70. Pancontlnental fell 20 to $10.40 and Kathleen Investment shed five to $1.50. Western
      314 words
    • Article
      Liveliness petered out
      271 8 EUROPEAX \IA RKETS k j FRANKFURT SHARE PRICES closed mixed after fairly lively early trading petered out through a lack of follow-up orders on Tuesday. Interest centered on VW, which lost 3.50 marks, probably due to continuing disappointment over Its dividend payout for 1977. BMW finished four
      271 words
    • Article
      Frankfurt
      208 8 APR 11 Dm Aef-Teletunken 89 -04 Akzo 24 10 AlizLeben 625 ♦5 Allz Vers 495 1 BASF 138 20 -0.3 Bay H T Wbank 289B BayVbank 319 70 Bayer 142 30 -06 BBC 296 unch BMW 221.50 Cassella 365 unch Chem Verw '244 >2 Commerzbank 241B ContlGumml 80 -01
      208 words
    • Article
      Amsterdam
      239 8 APR 11 Fls ABN 350 50 4-3 Ahold 105 20 +0 2 Akzo 25 60 +0 4 AMEV 82 00 +0 5 Am fas 111.00 1.5 Amrot Bank 74 60 +0 3 Berttoss 56 40 Bt-rk 93 OOS Bols 68 50 +0.4 Borsumi) 148 30 1 Burhmann 67 80
      239 words
    • Article
      Jo'burg
      301 8 APR 11 Rand INDUSTRIALS A Alpha 98 -2 Abercom 150 +2 AE And CI 240 ♦5 AMIC 825 ♦650 Barlows 345 +5 Cg Sugar CNA 590 120B -10 unch Currle Finance 65 uneh De Beers Ind 865 Edcon 165 Edgars 2000 unch Eveready 160 Fed Volk 137 -3 Fuglt
      301 words
    • Article
      Zurich
      179 8 APR II Francs Actions Suisses 268 i Alusuisse Br 1210 -20 Aiusuissr Reg 550 -10 Brown Boveri Br 1805 -5 CibaGeigyBr 1145 -40 Ciba Geigy PC 850 -20 OhaGeigyReg 651 -16 Credit Suisse Br 2155 -30 Credit Suisse Reg 423 -6 Elektrowatt Br 1610 George Fischer Br 670 urwh
      179 words
    • Article
      Paris
      278 8 APR II Frs CORBE1LLE Alr-Llqulde B S N Gervals Danone CS F (ThomsonCsf) Cte Franchise des Petroles Compagnle Flnanclere Compacnle General* Credit Fonder De France Hachettei (Libralrle) Machines Bull Mtcheltn(B) Paribas Pechlney Clglne Kuhlmann Peugeot' Philips (Nv Oem Bent) Printemps S A Rhone- Poulence SA Royal Dutch SuewCte Fin
      278 words
    • Article
      Toronto
      216 8 APR II C* Abltlbi 12H Alcan 29'» -Vk Algoma 18H Bunk Monl 10V, -S Bank Nova Scotia 20 ♦s Bell TVI MS Beth Corp BP Can Ltd 15V. Brascan it* Camp Red Lake 35.B Can Imp Bk 27% Canpac 17* Canpac Inv Pf 16B unch CarlingO'Keefe 4V, -4 Cominco
      216 words
    • Article
      Brussels
      94 8 APR II Frs 47FORWARD MARKET Acec 254 4-2 Arbed 2205 -25 Astur 550 16 Brascan 438 unch Bru-Lamb 1510 10 Canpac 470 +2 Cock 366 12 De Bwrs 164 unch Ebes 2375 10 Electrobel 6420 +70 Gb-Inno-Bm 2120 -60 Gev 1380 -10 Hobok 2405 unch Petro 4170 15 Ryl
      94 words
    • Article
      CHICAGO BOARD OPTIONS
      1702 8 April 11 ON THE Chicago Board Options, a total of 100,057 contracts were traded on Tuesday, compared with Monday's 96,469. OPTION APL JLY OCT STOCK Alcoa 40 5/8 2 1/8 2 3/4 40 3/8 Alcoa 45 UNTRD 7/16 15/16 40 3/8 Alcoa SO UNTRD NOL NOL 40
      1,702 words
    • Article
      Reversal in heavy trading
      1187 8 NEW YORK THE stock market, reversing a five-day rally In heavy trading, used President Carter's speech on inflation and energy as an excuse for some profit-taking on Tuesday. Analysts said Investors were also concerned Carter's proposals would be Ineffective to combat Inflation. As expected. Carter ruled
      1,187 words
    • Article
      Selected indices
      56 8 FINANCIAL TIMES INDUSTRIALS Tuesday 470.4 Monday 463.3 Week Ago 4«7.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 170.18 Monday 773.65 Week Ago 755.37 LONDON DOLLAR PREMIUM Tuesday 102 to 102* Monday 1Q0* to 103 H.K. HANG SENG Wednesday 445 Tuesday 448 83 Week Ago closed SYDNEY INDUSTRIALS Wednesday 403.23 Tuesday
      56 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      341 8 Slow boat I j t'ilttftj r~~ J m tAOf iii 4 i Mr 7 WI qgSßi CHINA TRADE QUARTERLY Far East Publications g j 1913, Hanglung Centre, Paterson Street, t Causeway Bay, Hong Kong. I [Please enter my full subscription to China Trad* Quarterly. lam enclosing a cheque/money order for
      341 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon FTC complains against Du Pont
      257 9 NORTH AMERICAN COMPANIES Reuter THE Federal Trade Commission said it issued a complaint charging that Du Pont Co dominated the US titanium dioxide pigment business through unfair means. The complaint, which Du P(W>t has 30 days to answer, seeks divestiture of two Du Pont titanium
      Reuter  -  257 words
    • Article
      Lock icon GENERAL ELECTRIC EXPECTS BETTER PERFORMANCE
      279 9 Reuter. GENERAL Electric's first quarter earnings per share were US$l.O9 (95 cents). Net prout was $247.8 million (215.4 million) and sales totalled $4.44 billion (4.06 billion). The company anticipates results for the year will show improvement over 1977. although the rate of gain will be
      Reuter.  -  279 words
    • Article
      Lock icon Four banks withdraw
      54 9 Reuter SECURITY New York State Corp. a bank holding company. said four affiliate banks plan to withdraw from the Federal Reserve System by the end of this year. Security said the new arrangement will favourably alter the corporation's reserve requirements and will result in higher earnings for
      Reuter  -  54 words
    • Article
      Lock icon Exxon files counter claims
      162 9 Reuter EXXON Corp said Exxon Nuclear Inc will file counterclaims against Gulf Oil Corp and General Atomic Co alleging violations of anti-trust laws and fraud in connection with a uranium supply agreement entered into in May 1972. The claims call for voiding a contract under which
      Reuter  -  162 words
    • Article
      Lock icon UA to sell record business
      74 9 Reuter. TRANSAMERICA Corp said it made a preliminary agreement to sell its United Artists record operation to Arthur Mogull. president of the record company and Jerry Rubinstein, former president of ABC records. Terms of the proposed sale were not disclosed. Transamerica said sale of the
      Reuter.  -  74 words
    • Article
      Lock icon Airline owners' identities still in the dark
      535 9 NYT. THE Civil Aeronautics Board (CAB) has quietly killed an attempt by a government-wide task force and consumer groups to force public disclosure of the true owners of the nation's airlines. The board voted unanimously to scrap its proposed regulations which would have
      NYT.  -  535 words
    • Article
      Lock icon Properties the major boost at Jardines
      717 9 ASIAN COMPANIES Reuter HONGKONG: Earnings from property interests were the major factor in Jardine, Matheson and Cc Ltd's earnings growth in 1977, rising to about HK$BB million from $63.3 million in 1976. The company earlier reported group net profit for the year of $314.2
      Reuter  -  717 words
    • Article
      Lock icon Honda buys land
      96 9 AP. HONDA Motors Ltd. has bought 2 acres of government-owned land in northeast Toronto for US$2 million. Claude Bennett, Ontario Minister of Housing, announced on Monday. He said Honda's decision to purchase the land for its Canadian headquarters came about as a result of a visit to
      AP.  -  96 words
    • Article
      CSR in Tokyo
      57 9 SYDNEY: CSR Ltd will establish a representative office in Tokyo shortly, general manager Gordon Jackson said in a statement made in Tokyo but released here. He said CSR exports commodities worth about As4oo mi|lion to Japan every year, including sugar as Australia's sugar marketing agent, iron ore,
      57 words
    • Article
      City and Urban
      46 9 HONGKONG: City and Properties Ltd said final 1977 dividend was six cents (25). making a total of 10eents(40)aftera five-for-one stock split. Net profit was HK550.91 million (36.66 million) before extraordinary write off of property previously he|d as an investment but now being sold
      46 words
    • Article
      Lock icon JARDINE DAVIES LOWER
      109 9 Reuter. HONGKONG: Jardine Davies Inc. announced net 1977 profit of six million pesos (36.1 million) before provisions for unusual and non-recurring charges of 12.8 million pesos. Fourth quarter dividend was nil making a total of 40 cents (1.02 pesos). The Manila-based company. 74 per cent owned by
      Reuter.  -  109 words
    • Article
      Japan Line
      72 9 THE president of Industrial Bank of Japan has stressed that Japan Line will honour its overseas commitments regarding banking and charters. It also revealed that Japan Line's request for a deferment of the repayment of its debts has been granted for a year. The company's position will be
      72 words
    • Article
      Lock icon DG Bank
      25 9 Reuter HONGKONG: DG Bank of Frankfurt said it has established a wholly-owned Hongkong subsidiary. DG Capital Co Ltd. as a deposittaking company. Renter.
      Reuter  -  25 words
    • Article
      Lock icon Hutchison profits below forecast
      276 9 Reuter HONGKONG: Hutchison Whampoa reported group 1977 attributable net profit was HK5217.9 million. Net profit before extraordinary items was $182.9 million. It announced a final dividend of 12 cents making a total of 20 cents. The profit before extraordinary items compares with the forecast of $193
      Reuter  -  276 words
    • Article
      Lock icon ESSO, BHP TO SPEND A$ 1B ON BASS STRAIT OIL FIELDS
      265 9 Kcuter MELBOURNE: The Broken Hill Pty Co Ltd (BHP) Esso Exploration and Production Australia Inc partnership will spend around All billion over the next decade developing the offshore Bass Strait fields to meet Australia's crude oil needs. BHP chairman
      Kcuter  -  265 words
    • Article
      Significant gain in Hokushin conversion
      137 9 BONDS AND LOANS SINGAPORE: Hokushin Electric Works Ltd said the amount of its US$lO million, 6-3/8 per cent, 15-year convertible bond Issue outstanding fell to U*****,000 at end-March from U*****,000 at endFebruary. The bond was issued on the Asian dollar market last November and the
      137 words
    • Article
      Lock icon Money for industrial projects in Philippines
      144 9 UPI. TOKYO: An international banking syndicate including the Bank of Tokyo has agreed to extend a US$lO million loan to the Private Development Corporation of the Philippines (PDCP), a Bank of Tokyo spokesman said on Friday. The agreement was signed at the Bank of
      UPI.  -  144 words
    • Article
      Sweden and Spain
      74 9 TOKYO: Seven foreign underwriters will participate in a syndicate to float a 12-year, 40 billion yen bond by the government of Sweden on the Japanese capital market, with the contract to be signed on Friday, securities sources said. The seven underwriters, each with a 0.7 per cent
      74 words
    • Article
      Germans to build gas plant in USSR
      266 9 EUROPEAN COMPANIES THE West Berlin engineering company, Borsig, a subsidiary of Deutsche Babcock, has won a DM72 million contract to build two carbon dioxide liquefaction plants in the Soviet Union, to extend the productive life of oilfields. Davy Powergas is the main sub-contractor
      266 words
    • Article
      Lock icon Military radios contract
      75 9 Reuter. LONDON: General Electric Co subsidiary Marconi Space and Defence Systems won a US$6.5 million joint contract with Cincinnati Electronics of the US to develop military radios for the US. A parallel development contract has been awarded to International Telephone and Telegraph Corp. The US Defence Department
      Reuter.  -  75 words
    • Article
      Ahold has bigger plans overseas
      314 9 AMSTERDAM: Ahold. Holland's largest supermarket chain, will continue to expand its stores In the US and Spain and its roadside restaurant chain in Europe, the Ahold directors explained at the annual press conference. The Bi-Lo group, which now has 98 stores in the Carolina.: and
      314 words
    • Article
      Casino profits up
      356 9 IN LINE with the January estimate, pre-tax profits of Ladbroke Group Jumped by 58 per cent from €15.32 million to a record €24.28 million for the 12 months to January 3, 1978, on turnover 21 per cent higher at €387.69 million, compared with €319.14 million. At midway,
      356 words
    • Article
      Cement — Roadstone should prosper
      372 9 Cement Roadstone should prosper THE Indications are that the construction Industry In Ireland will be encouraged to grow. Cement-Roadstone should, therefore, have an opportunity to prosper, Mr. Michael Dargan. the chairman, tells members. Assuming settled conditions in its markets the directors are confident that the company will maintain its progress.
      372 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      223 9 Jr v-y S 1 V flfl N **Jr $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 undisputed glamour queens. Their elegance of form, vitality, and almost sinister exoticism give them the haunting beauty
      223 words
Page thumbnail Page 10
  • DEALS DONE ON THE SES AND KLSE
    • Article
      In Singapore
      1466 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
      1,466 words
    • Article
      Government bonds
      146 10 Ma* Spore O Mark 7* IM2 (100.000) (102*,8 103 V.5) Rej» Spore 1/2* 1983 (100.000) < 102HB 103'-»S) Re» Spore 7 3/4* 1987 (100.000) (99*8 100S) 4 3/4* 1/8/79 (250.000) (100 758) 8 1/4* 18/18/79 (250.000) (101.SOB 101.488) 4 3/4* 18/9/80 (250,000) (100 05B) (12) 100.15 5* T
      146 words
    • Article
      Corporate bonds
      225 10 B O T 8 1/2* 1981 (100.000) (100 SB 1018) B O T 7 VB* 1984 (100,000) (95H8 96*S) B O T Floating 1984 (100,000) (99V>B 100S) C I toll 8 1/8* 1984 (100.000) (96K.8 96*«S) LTCB J 1982 (100,000) (99*8 100 WS) LTCB J 1983 (100,000) (99*8
      225 words
    • Article
      Stock options
      120 10 STRIKING prices of the stock options officially luted 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) (0.458 0.588). C and C (June 12.20) (0.878 0.078). F and
      120 words
  • Article
    Unit trusts
    150 10 SINGAPORE UNIT THU8T INCOME BOND UNIT (Managers prteai far April II) (Owl p rteaa) The Commerce IN 2.00 INCOME BOND 1.04 1.10 The Saving Fund 1.10 l.ltad S pore Prof Fund 0 90 0.95 MARA BL MIPLTRA FUND S pore Security 1.13 1.13 1.12 I.M (Maaagara' priaaa tor
    150 words
  • Article
    SHARE INFORMATION SERVICE
    2396 10 1978 High Low Company Last Sale +OTGr'a Div Div C'yt Gr'i Y'ld Net P/E Vol COOO) Day High Low SECTION ONE INDUSTRIALS 181 213 136 300 72'/. 247 183 310 418 146 132 123* 112 260 00 191 144 256 394 123 Acma Alcom Allied Choc Bata
    2,396 words
  • Article
    In Kuala Lumpur
    1576 10 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. INDUSTRIALS Amis (1.748 1 798). Alaam (IMB 2 048) (1) 2.04 (1)
    1,576 words
  • Article, Illustration
    Backing for selected stocks
    855 10 SINGAPORE A MILD bout of enthusiasm saw the return of support for selected a hares with moderately active trading en the Stock Exchange of Singapore yesterday. This wit* a welcome reversal of the easier conditions seen in the earlier part of this week. As brokers expected,
    855 words
  • Article
    KLSE prices recover
    648 10 BETTER trading sentiment saw the Kuala Lumpur stock market recovering some ground yesterday. The improvement, however, came largely In the afternoon when prices started to pick up strength, after a generally dull and hesistant morning session. Light to moderate support was given to a number of counters,
    648 words
Page thumbnail Page 11
  • COMPANY NEWS
    • Article
      Sime group profit shows promise
      1332 11  -  !3r MANO SABNANI I ALTHOUGH Sime Darby's Profit growth at the Interim Stage U slightly below ex- pectations and the recovery iof the trading and J engineering operations in Singapore are taking longer ,than expected, group attributable profits for the full year should still show
      1,332 words
    • Article
      Hume Ind. (M) finalises sales of shares
      233 11 HUME Industries h&x Informed the Kuala Lumpur Stock Exchange that the sale of Us Investment In Synthetic Resins (Malaysia) is now complete with the receipt of the balance of MSI.BB million due from the Purchase consideration of *2.09 million. Accordingly, its nominees on
      233 words
    • Article
      AJINOMOTO CHANGE
      48 11 AJINOMOTO (Malaysia) has informed the Kuala Lumpur Stock Exchange that Its Share Registrar has been changed to Securities Services (H) Sdn Bhd from Securities Services Sdn Bhd since Jan 1 this year. The address of the registrar remains unchanged at Bangkok Bank Building in Jalan Bandar.
      48 words
    • Article
      Oriental Hldgs' overdraft rate
      200 11 ORIENTAL Holdings has informed the Kuala Lumpur Stock Exchange that the interest rates of its M*s million bank overdraft is per cent above the prime rate. The overdraft will go towards the financing of its increased Investments in Chalnferry Development, its recent property acquisitions in Singapore
      200 words
    • Article
      Singapore Eidai unit
      96 11 SINGAPORE Eldal has announced that by a special EMoJution passed at an EOM held last February, its subsidiary Eva Trading is to be wound up voluntarily. Mr Harry Tan Kay Choon and Mr Tiew Chew Ngat of Lim, Tan, Tiew and Co in Singapore have been appointed
      96 words
    • Article
      DIVIDENDS ANNOUNCED
      386 11 Malar Kaalal Ttmmk *nrH BTSL Ri*« Sr I-11 E. r £g ST* 25 2E5 !S, i£B 5; ST** Sf." £1! f'a st- si*: ssii sxs gg a V April AKB BUI BUU» Sa trim m l> a C uZ <P UStf f) Apf1 ApJlS Apr? ?J* H SB!
      386 words
    • Article
      COMPANY MEETINGS
      278 11 SeUegor Prspsitks Bhd: AOM to be held at Tlngkal Kedua, Block E, Lompleks Pejabat Oamaniara, Damansara Heights, at 4.00 p.m., on April 14. Ajinomoto (M) Bhd: AOM to be held at 6* miles, Simpans Salak, South Baharu, Kuala Lumpur, at 9.00 a.m.' on April 25. Nationnl Iron and
      278 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      223 11 A m H■vV ■;v--1 i i i t)N c^Wed UpsM Se^ JS) vsn I JUST RELEASED! from Behind Asia's Headfaies... The tycoons and terrorists, statesmen and scoundrels, moneymen and mystics who make the news across the continent. Straight off the front page of The Asian Wall Street Journal, 36 lively
      223 words
Page thumbnail Page 12
  • Article
    Americans flay measures to fight inflation
    985 12 Carter's new anti-inflation campaign, pegged to another call for voluntary wage-price restraint, aroused little enthusiasm and some Jeers from the very people he asked to set an example. .."Silly symbolism," snapped Mr. Jerry Wurf, president of the American Federation of State, County and Municipal
    985 words
  • Article
    Lock icon New Carter proposals to break energy deadlock
    693 12 AP. PRESIDENT Carter sought to break a four-month deadlock on his energy bill on Tuesday night by urging House of Representatives and Senate negotiators to support a new compromise offer. The President met with key members of the HouseSenate conference committee on energy
    AP.  -  693 words
  • Article
    LONDON STOCKS
    767 12 LONDON. Wed. Stock prices closed lower in thin trading today. At 3 pm the FT index was down 10.3 at 460.1. Uncertainty about money supply growth and the likelihood of higher short-term interest rates, plus concern about the inflationary effects of funding the public sector borrowing requirement forecast
    767 words
  • Article, Illustration
    Lock icon Too much protection will only hurt EEC
    508 12 Reuter, AP WILHELM Haferkamp. the Common Market's top man on trade. Issued a warning on Tuesday that overprotection of home industry could hurt Western Europe's relations with the rest of the world. Mr. Haferkamp, Vice President In charge of external affairs on the
    Reuter,; AP  -  508 words
  • Article
    Thailand expects second rice crop to be higher
    270 12 THAILAND'S second rice crop this year will total over one million tonnes, up from 800,000 last year, Foreign Trade Department directorgeneral, Chumphol Thammacharl said. The crop was earlier estimated at 800.000 tonnes. The export target for the current year has been set
    270 words
  • Article
    Lock icon ADB urges faster growth in the West
    737 12 UPI, Reuter. THE Manila-based Asian Development Bank said world economic prospects for this year are less promising than in the past two years, with more problems for developing countries unless the Industrialised nations sustained better growth rates and did not impose further trade
    UPI,; Reuter.  -  737 words
  • Article
    Lock icon House bans guarantees
    222 12 UPI. THE US House of Representatives voted on Tuesday to ban guarantees of US foreign investments by the Overseas Private Investment Corporation (Opic) to nations that violate human rights standards. The ban was written into a two-year extension of the corporation. The compromise bill was approved by
    UPI.  -  222 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      59 12 HIGH PROFITS IN RUSTPROOFING The leader in United States rustproofing of automobiles has an opening for a distributor in Singapore. This is a high profit item. If you have distribution to car dealers, write us for. complete details on rustproofing plan. OAUKIT CHEMICAL COMPANY ECP Dtvitton. c/o Larry German 1200
      59 words
    • Advertisement
      Page 12 Advertisements Column 2
      3 12 Leader. Page 6
      3 words
    • Advertisement
      Page 12 Advertisements Column 3
      344 12 from FEDERAL PUBLICATIONS x LIM 81A At YAM I vm\ m M n v u v a step-by-step guide An easy-to-understand yet fully rewarding book on flower arrangement. Floral Creations, with its unusually lucid text and thoughtful illustrations, could make an expert flower arranger of even the veriest novice. The
      344 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    5172 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. Consortium* ScanDntch has a joint aerarrangement with
    5,172 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      357 13 FOR MORE MO FASTER SAILINGS MAERSK UNE SINGAPORE *****46 K.LUMPUR ***** PENANG *****1 P. KELANG *****0 MUEfIEM mnißvsip sHiPfinc eftupth) ltd 41 A. AMOY STREET. SINGAPORE 1 TEL *****18 (3 LINES) TELEX NO ***** DIRECT SCHEOULED SERVICES TO EAST MALAYSIA •«bi diiiiit £TO Loading lor Wn mhi 5J pf 11
      357 words
    • Advertisement
      Page 13 Advertisements Column 2
      359 13 STRAITS TRANSPORTATION PTE. LTD. COMPANIA NAVIERA MARASIA, S.A. FVU CONTAINERSHIP SERVICE TO AND FROM BARCELONA DISCHARGING I LOADING BARCELONA P KELANG SPORE S PORE P. KELANG BARCELONA MONT BUNC MARU NIPPON ICA Apr 21 23 Apt 25 Hi, 10 LAURO/VICEROY/GLOBAL JOINT SERVICE REGULAR INDEPENDENT MONTHLY DIRECT SERVICE TO ARAM LAGOS
      359 words
    • Advertisement
      Page 13 Advertisements Column 3
      94 13 NEW OIL BUNKERING SERVICES AT DAMMAM, SAUDI ARABIA For the supply of: 1. All grades of bunkers, i.e. marine fuel oil, marine diesel oil and marine gas oil, to vessel arriving at Dammam anchorage or alongside, by our own tankers (vessels). 2. Fresh water to vessels. 3. Land transport for
      94 words
    • Advertisement
      Page 13 Advertisements Column 4
      13 13 FORTNIGHTLY TO MIDDLE EAST LAND i MY KFMCIMTEO CONTAINER SMVtCE BOOKING TEL *****22
      13 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      475 14 SHIPPING IF Hapag-Lloyd •cen,S ANGLO-FRENCH TRADING SmgapcK* Kuila Lumpur 03-*****4. 03-*****7 Bookings ***** 1V *****89 Port K«lang *****1 3. CFS *****8/7/8 CPS *****60 Ttrminal *****51 P»n®ng *****-8 Ipot* 05-2663-4 SUMA a COPf NMAHFN LINE EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24 DAYS SPORE P KELANG PNANG R OAM HAMB
      475 words
    • Advertisement
      Page 14 Advertisements Column 2
      832 14 a SANKYO LINE| AUSTRALIA SERVICE P Keiang Singapore Loading for MY SKY IMPORT 15/16 Apr DMNIN, BUS, $Y0 MAY CARP .20/21 Apr 22/23 Apr FREM. AOEL. MEL KYOTENMARU 27/29 Apr 30/30 Apr AOEL, MEL. SYO BANGLADESH SERVICE MAY BREEZE 27/21 Apr 25/21 Apr CHITTAGONG. CHALNA OCEAN SHIPPING I ENTERPRISES PTE
      832 words
    • Advertisement
      Page 14 Advertisements Column 3
      463 14 SEA tLAND Custome> Service Booking *****22 Terminal *****53 *****37 REGULAR RORO SERVIC Go one better to the Middle East PRIORITY BERTHING I DISCHARGE AT ALL PORTS lectfrfmt broakbult urp contain*™ I 1 trackM Mtacln MWis «P ALSO ACCEPTING CARGO FOR WILMINGTON (OCLARARE). BALTIKOOE. PORT SMOUTH UNO HALIFAX ALL VESSELS BUILT
      463 words
    • Advertisement
      Page 14 Advertisements Column 4
      977 14 Everett Lines \mgk Burmi Five Star Sfcippiflf Corp*. yBk"BURMESE NATIONAL LINE' LMBMK FOR RANGOON *»t»l HTONEYWA IVII phAshwegyawywa W* R F SSC Agents in Moloysio TEPS MALAYS P rf Kelang Tel (38) 7355 Penong Tel *****/ ***** NG FOR RANGOON TIM IVII A* wegyawywa pFS S C Agents m Malaysia
      977 words
    • Advertisement
      Page 14 Advertisements Column 5
      549 14 JARDINL AN I \H Orient Overseas CwlauteA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S. SEAS BRIDGE 15* 1V« lb/4 J/J //5 »/5 11/5 11 OMENTAL KSURCHEI IN 22/* M/ 4 18/5 13/5 15/5 17/5 1! WOALIER PAUL lON 21/4 »/< »/5 22/5 24/5 21 NEPTUNECORAL 7* «/5 5/5
      549 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1607 15 C)CL Overseas Containers Limited "N CSNTMNOaiF SOVICC Tl IK/CONTINCNT: lUU MY IS Apr II If S May I Mar May 1} Ml BCNAVIn 22 Apr Mr 11 May 1) Mir u May 11 May MM MM EXPMSS 21 Apr M A#r 21 May 21 May 14 May 2? May ■IT
      1,607 words
    • Advertisement
      Page 15 Advertisements Column 2
      1282 15 Ben Ocean A jotrt service of Ben Line Blue Fbrmel Gien Line and NSMO TO UR CONTINENT (via SMI) Dim S ipgvi P. Kelang Finanj iuroe* PATOOCLUS is/It Ml? It'll 11 Mm Bilbao. Amst. H burt Dkklii i pool. BENMNO.I II It Apr 11/11 Apr 11 May L'Sboa. It.uei Hall.
      1,282 words
    • Advertisement
      Page 15 Advertisements Column 3
      861 15 BLC BEN LINE CONTAINERS LIMITED TO (I Sinfaporp P. OLa*| H »UtC HAVEN PDAtt MAV«t SCTON W. ttrwmj ijaUit hwia franc* Ail UJL ScMwi) <( tor n tor Mav It May Im* It Jaw 71 laa* (1* law) tl law osapa ur 11 ir •cutvon n to MWIW EKPOESJ Mr
      861 words
    • Advertisement
      Page 15 Advertisements Column 4
      974 15 Scan Dutch V EXPRESS CONTAINER SERVICF VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA 1 It tie i tram P. Ktlang VetMl lUIMU W 4 TOTAMA rUNHCI m 4 UllltU FIMCCSCt 0/ S WTUMIt iLCANOIA 11/ > MO. win SLLANOIA Soort U Mstilltl 23 Mia s Hkan 4) Sftarf 11/ VI 10/
      974 words
    • Advertisement
      Page 15 Advertisements Column 5
      687 15 GUTHRIE BOUSTEAD Sofk THE BANK LINE LTD TtSTBAM (MnnMt. Dvrto*. M rum fbrtiine stu Capetun) NM| FM« IMI I INTI FORTUNE AH P»«| LAUREL UM P,aT; mLUMRI IM. (L, M, P. fetal Mor S (on tl/M I evhss soma mict rm sjmgapmc TB NEW mum. MMILE. HMSTtN. GALVESTON. ALSO ACCEPTING
      687 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      1032 16 "K" LINE KAWASAKI DON KAISWA LTD. nur cMT«mna samcE S'poro SEVEN SEAS BRIOGE 15W IS Apr ORIENTAL RESEARCHER 1* 22 Apr CHEVALIER PAUL ItW 21 Apr NEPTUNE CORAL 7W 4 Miy EURBPC (VIA SUEZ) P. Kelar.g L Havre H'burg Brpmeo It Apr 7 May 9 May II Mar 23 Apr
      1,032 words
    • Advertisement
      Page 16 Advertisements Column 2
      1106 16 E.C. O-SJL/ATLABTIC/GULF SERVICE looms rci/ia cvniMus ram rmc. p. m*. mw Lud.ng tar NORFOLK, NiW TON, NIW ORLEANS. HOUSTON s «iw. r MiMt M M* N«I«I "VISHVA DHIIMt" (NRSA 22 SCI) 11/11 Ml* 10/10 Ma| 21/1} Mat E.C./GREAT LAKES SERVICE Loading tar: NORFOLK, NiW TON, MONTHAI. TOOONTO. ASHTABULA, DETROIT. CNICACO.
      1,106 words
    • Advertisement
      Page 16 Advertisements Column 3
      1229 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: TO EVMK (M UUT P. Wmi SEVEN SEAS IRIKEt IS Apr u Ap, ORIENTAL RESEARCH! 22 Apr 23 Apr CNEVALIER PAUL 21 Apr Ajr NEPTUNE CORAL 4 Mar 5 Miy NEPTUNE PEARL 14 Ha r IS May CHEVALIER ROZE 24 Moy 2S Nay
      1,229 words
    • Advertisement
      Page 16 Advertisements Column 4
      957 16 MALAYSIAN INTERNATIONAL SHIPPING CORPORATION BFRHAD TEL- n. M 1244. EXPRESS FULLY CONTAINERISED SERVICE TC/FflOM MED/CONTINENT/SCANDINAVIA feeder "P. Kelang Vessel iummi ia/ muu FIANCESCA 22/ 4 IOIIItU FRANC! srt f JUT LAMIA ELEANORA 11/ 1 NEB BE in ain AcceptMg Far: S'oore 1) »rs« lies 2) Mm 3) Hburg 4) Cburg
      957 words
    • Advertisement
      Page 16 Advertisements Column 5
      854 16 INTRASEA E .ibe' House j4E Ore l T y (PTE) .rG Ro.u: Si' LTD REMUUt INDEPENDENT SEMI/FIU. CWTTAIiER SERVICE 11 OMft S'pore P. Kelang Pewng SIS BALTIC Ib Part Sailal 17 *fr S*ton frdam H bux A'trerp. ic vi HAY 21 km 25 km A'wtrp/R*(taß/HTMf. J,! «5 3*, M'se.lles/S'ton/R'dam/ H'buig/G'burg.
      854 words