The Business Times, 18 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES M.C.(P) N*. 118/1/78 TUESDAY, APRIL 18, 1978 SOCENTS
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  • BRIEFLY...
    • Article
      Lock icon Bypassing Singapore
      67 1 Reuter KUALA LUMPUR, Mon. Malaysian Communications Minister, Tan Sri V. Manic kavasagam, today hinted that flights by Malaysian Airline System from Kuala Lumpur to Kuchlng would go via Johore Baru instead of Singapore In future. The Minister also told the Senate that MAS would Increase the number of
      Reuter  -  67 words
    • Article
      KL on Brunei ties
      56 1 KUALA LUMPUR, Mon. Malaysia will set up diplomatic ties with Brunei once the state has achieved full independence, Foreign Minister Tengku Ahmad Rithauddeen told the Senate today. Tengku Rithauddeen pointed out that for the moment Malaysia could not have direct diplomatic relations with Brunei because the
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    • Article
      Detergent plants
      71 1 TOKYO, Mon. A group of three Japanese firms Sumitomo Shojl KK, Kao Soap Co and JGC Corp has signed a 10 billion yen (5510.5 million) contract with the Soviet Technology and Machinery Import Corp to export two detergent manufacturing plants, Sumitomo said as main contractor. The plants, capable
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    • Article
      US team due today
      50 1 A 10-MEMBER delegation from the US Is expected to arrive here today to begin multilateral trade negotiations with Asean representatives tomorrow. The two-day talks will be followed by bilateral talks with Singapore. The talks will focus on tariff reductions and non-tariff barriers between the two countries.
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    • Article
      Lock icon Textile pact
      58 1 Reuter. MANILA, Mon. A European Economic Community (EEC) technical mission discussed details of Implementing the new Philippine-EEC textile agreement with Philippine officials over the weekend. The Foreign Affairs Department said the agreement was negotiated in Brussels late last year to provide for quota levels for Imports of Philippine
      Reuter.  -  58 words
    • Article
      Lock icon Investments in Taiwan
      61 1 Reuter TAIPEH, Mon. More than US$3B.6 million (SsB9 million) worth of foreign capital was Invested in Taiwan in the first three months of this year, the Central News Agency reported. The agency said more than $24.7 million came from overseas Chinese, $7.5 million from the United States,
      Reuter  -  61 words
    • Article
      Lock icon Ties with China
      68 1 Reuter. MANILA, Mon. Thai Foreign Minister Upadit Panchariyangkun said that prospects appeared better now for establishing diplomatic relations between China and the two Asean countries, Singapore and Indonesia. He was answering questions at Manila's International airport shortly after flying in on the last leg of a tour
      Reuter.  -  68 words
    • Article
      Lock icon Dow Jones
      70 1 UPI NEW YORK, Mon. For the second consecutive session, stocks soared early today in record trading In an ihstltutlonal buying stampede sparked by an Improved economic outlook and the dollar's rebound on foreign exchanges. The Dow Jones industrial average, which soared 19.92 points on Friday, was ahead 17.84
      UPI  -  70 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      135 1 Rises Most octive Pegi Utd Malacca OCBC City Dev Kempas 484 390 700 99 406 +34 +20 10 10 +8 API Sigma Metal Sin Chew Perak Carbide 318,000 301,000 182.000 165.000 Tan Chong 297 +8 Total Turnover: 4.01 m API 149 +8 Total Value: $8.20 m Y
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    • Article, Illustration
      In Kuala Lumpur
      156 1 SELECTIVE trading acroes the board resulted in gains of more than 10 per cent at the height of buyingon the Stock Exchange of Singapore yesterday. The Straite Time* Industrial share index edged forward 0.86 point to 299.24 while .the Bueineee Times index advanced 5.58 points to 781.82.
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  • Article
    Asian $ bonds are in fine form
    1059 1  - Asian bonds are in fine form BULLISH TOKYO MARKET By COLIN CHEE JAPANESE Asian dollar convertible bonds have been doing very well in the last three-and-a-half months In the face of the bullish Tokyo stock market and the strong yen. Activity In the convertibles Increased markedly In the last three
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  • Article
    ALL SET TO DRAFT RUBBER PACT
    191 1 EXPERTS from natural rubber producing countries will meet m Kuala Lumpur this week to draft the proposed international rubber agreement. This will be the main task of the executive committee of the Association of Natural Rubber Producing Countries (ANRPC) at a special meeting held
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  • Article
    Yaohan to invest $10m in Thomson
    509 1  -  By SIVA ARASU YAOHAN Singapore will Invest $10 million In Its third supermarket cum department store at Thomson Plaza, raising Its total Investments In Singapore to 528.5 million. The new store, Yaohan Thomson, will cover two floors with a total area of about 10,000
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  • Article
    Lock icon Bonn surplus likely
    282 1 Reuter, AFP GERMANY Is again likely to show a trade surplus with the US this year, though further real appreciation of the mark against the dollar will dampen growth In German exports to the US. The German Economic Institute, In a report, said Imports from America, which
    Reuter,; AFP  -  282 words
  • Article
    Registered stocks meet with heavy demand
    244 1 THE Government's first domestic borrowing of $575 million in registered stocks, on offer yesterday, has been twice oversubscribed. The amount applied for was $1,179 million. For the 20-year taxfree stocks worth $425 million, the amount was $883 million. The bulk of the demand came
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  • Article
    Phonogram invests to the tune of $3m
    540 1  -  •r RONNIE LIM PHONOGRAM International, the Dutch record and cassette manufacturer, which started off as a pioneer Industry in Tanglln Halt In 1967, is to build a new $3 million plant In Jurong. This will bring total manufacturing investment by the Dutch company
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      24 1 ©Wiyfbong hand when Wayfoong Mortgage you need and Finance (Singapore) Lidijted It fflOSl Shaw House. Ground Floor, 354 Orchard Road. Singapore 9. Tel: *****7.
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      Page 1 Advertisements Column 2
      51 1 CITROEN CX 2400 PALLAS has proved to be such a cartoucjh efficient elegant wm |OJ HEHRV one OGEntIES PTE LTD BMUNI I AOl N T RFI lANCI OISI HIHU I (irtj 144 R JAL A N CHI VA i II H HAN A- i SI HI H t SAWAN BrtUNEI
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      Page 1 Advertisements Column 3
      88 1 SHIPPING TIMES PEOPLE la bwsiass> 2 FORUM: Qaeetkm ot RECORD turnover at liU'i subsidising industries 7 dNrluhouM S WALL Blisst Is rallying la BRUNEI Bay the tankers' earnest 8 haven 5 BEN dtaappotata ia second half 11 WHAT heepa Taiwan aad 8. SLIDE at United Eatfaeers Korea ticking 6 coatfaaaa
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      Page 1 Advertisements Column 4
      67 1 APS ELECTRONICS (PRIVATE) LTD ftl*QAP<a* -T« *****4 (5 Lmtl) APS ELECTRONICS (M) SON BHD KUXLALUMPUft T»I 03-*****0 Before you take decisions take advice A sensible crecaution. especially when you fino dealing with the complexities of property, whether in acquisition, disposal, development of investment You should bo enjoying the benefit o*
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  • TRADE AND INDUSTRY
    • Article
      Lock icon Industrial goods head Taiwan's export boom
      534 2 AFP. TAIWAN'S two-way trade in the first quarter amounted to U554,568.5 million, up $885.2 million (5510.6 billion.ups2 billion) or 24 per cent from the same period last year according to the Customs Office. Exports In the first three months came to $2,375.1 million, up
      AFP.  -  534 words
    • Article
      Phone network should mesh in with region's
      364 2 WHILE developing national telephone networks, it is important to recognise the importance of international telecommunications, said the general manager of the Telecommunication Authority of Singapore, Mr. Ooh Seng Kim, yesterday. Speaking at the opening of the regional seminar on telephone switching and signalling
      364 words
    • Article
      Straits Trading workers appeal to MTUC
      202 2 WORKERS of the Strait# Trading Company in Butterworth have appealed to the Penangdivision of the Malaysian Trades Union Congress for assistance to get back two days' wages which they claimed the company deducted unfairly from their salaries. The workers told Penang diviaion chief Mr.
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    • Article
      WORKSHOP FOR TOP EXECS
      84 2 THE Singapore Institute of Management is organising an Intensive workshop session on analytical marketing management for senior marketing managers, executives and corporate planning personnel. The workshop, from May 8 to 9, is designed to provide participants with the tools of marketing analysis, planning and control for
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    • Article
      Lock icon Resources in rain forests rapidly exhausted
      432 2 AP SOUTH-EAST Asia's tropical rain forests, once the region's greatest source of natural wealth, are fast retreating under the scourge of 111-planned exploitation. If this continues unchecked, timber resources will be completely exhausted by the end of the century, a recent UN report says.
      AP  -  432 words
    • Article
      Revival of coal industry in Sarawak?
      341 2 FOUR areas have been pinpointed for an expected lucrative revival of Sarawak's long dormant coalmining industry. Prospecting reveals rich deposits with huge revenue potential. Three of the locations have more than 100 million tonnes each Blntulu In the Fourth Division, near Ballnglan in the
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    • Article
      For life agent trainers
      116 2 THE Singapore Insurance Training Centre (SITC) will hold a seminar for life agent trainers at the Shangri-La Hotel tomorrow. The one-day seminar, Is a forerunner of the life certificate course for life agents. The seminar will cover rules and regulations for the conduct of the examination
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    • Article
      THREE NPB COURSES
      116 2 THE National Productivity Board will conduct three courses next month. The first is on how to design and improve information systems in a company, from May 4 to 22. It is to teach the basic skills of system analysis for managers and the orientation necessary to design
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    • Article
      Lock icon Wage-ing an offensive
      40 2 Reuter JAPANESE public sector employees yesterday rejected a government ofer of a 0,190 yen (8964) a month or 3.8 per cent wage Increase, signalling a new phase In the current aftnual spring offensive for better wages Reuter
      Reuter  -  40 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      262 2 3TRAITB Steamship has appointed Mr. John Dougan Seneral manager, shipping lvislon, with effect from April 4 1978. He succeeds Mr. W.A. Blotch who will be taking up the new appointment of group business development manager. Mr. Dougan Joins Straits from Overseas Containers Limited. His most recent position
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    • Article
      MEMO PAD
      203 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April 3-20 Industrial Relations Hilton Personnel Organisation Development April 17,18 Financial Management Hilton Consulasla April 21 New concepts in desk-top calculators Hyatt IREE April 24May 13 Middle management course SITC SITC April 24 Effective Report Writing Hilton Consulasla April 24May 11
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      444 2 NEW m from Penguin IN PENGUINS Virginia Woolf died in 1941 and at the time of her death she had won a foremost place in English fiction. Three Guineas and Flush have now been published in Penguins and both will find a wide and passionate audience. Three Guineas magnificently argues
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      595 2 TWO-IN-TWO CROSSWORD CRYPTIC PUZZLE ACROSS Joyous antics for a foreigner about to get a century (5) Fight and squabble with a bird (7) It Where a cushion's an incomplete guard? (5) 11 Caution him! (5) 12 Disaster causing many tears (5) IS Number composed by Vera and Lei (7) IS
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  • OVERSEAS
    • Article
      Lock icon US managers oppose shorter work week
      968 3 NYT UNIONS in the United States are stepping up their long-term effort to reduce the work week as a means of spreading employment. However, such a move Is meeting stiff resistance from management. The result could be increasing controversy, with unions pushing for more
      NYT  -  968 words
    • Article
      Lock icon NY City reversing declining job trend
      594 3 NYT. AFTER losing Jobs for nine years, New York City's businesses and industries have begun employing small but significant numbers of additional staff. The city's previous Job losses dwarf its current gains, which are also tiny in comparison with new Jobs elsewhere in the
      NYT.  -  594 words
    • WORLD IN BRIEF
      • Article
        Lock icon GUILDER HITS EXPORTERS
        494 3 Agencies HOLLAND is being priced out of export markets by the guilder's strength, the Dutch Employers Association. Referring to the Dutch Central Economic Plan published earlier this week the association said the burden of the strong guilder for exporters is greater than its benefits for importers. "In
        Agencies  -  494 words
    • Article
      Lock icon Growth in Latin America hinges on the West
      196 3 AP. LATW America's alow economic growth cannot continue without vigorous expansion of the economies of industrialised nations such as the United Statea, Japan and Canada. Mr. Antonia Ortix Mena of Mexico, president of the Inter-American Development Bank (IDB), in his annual report
      AP.  -  196 words
    • Article
      Lock icon MOVE TO KEEP FED DIRECTIVES SECRET
      1152 3 NYT. THE US Department of Justice has asked the Supreme Court to overrule a decision that the Federal Reserve system must announce Its monetary policy directives as they are made, rather than implementing them in secret for a month or more. Solicitor general Wade
      NYT.  -  1,152 words
  • Page 3 Advertisements
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      170 3 9:12 a.m. London. W Mi B 1 ft! I* m a v. V n h ><&* mi v 1 > "v H I V> i n /v sr V M w > :»i f l v M! M v—1 m t. :v. I 2 3 S 1 ii» WW s
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      307 4 OPENING prices on the Singapore rubber market yesterday were marked up by half a cent at the outset following steadier London advices but lack of followthrough support caused levels to slip back In idle conditions. The morning market closed steady with May One RSS buyers quoted
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    • Article
      Closing prices
      30 4 Rubber: April 17 Singapore: May 202.50 cents (up 0.25 cent) Malaysia: Mav 207.00 cents (up 0.25 cent) Tin: $1,526 (down $5) Official offering: 210 tonnes (up 30 tonnes).
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    • Article
      RAS PRICES
      310 4 Prices in cenu per kilo yesterday: t Noon (per kilo) ClOM (per kilo) i 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 201.SO 202 50 203.00
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    • Article
      SSR AND SMR
      82 4 NOON SSR and SMR prlc*s yesterday: RAS May (Curat Mth) JuM (Forward Mth) SSR 20 SSR 50 M.R.E.L.B. (1-ton pallet) (1-ton pallet) 194.00 192.00 iU»«hc) 198.00N 194.00N 195.00 193.00 la*rk«) 197.00N 195.00N SMRSCV SMR SL SMRS SMR 10 SMR 20 SMR SO (1-ton pallet) (1-ton pallet) (1-ton
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    • Article
      Rice
      196 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne f.0.b., basis Bangkok) White Rice: 100 pet Ist class 422. 100 r:t 2nd class 427.100 pet 3rd class 422. pet 413. 10 pet 400. 15 pet 392, 20 pet 387 25 pet 377 35 pet unq.
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    • Article
      Sugar
      68 4 TERMINAL sugar In London yesterday opened 1.05 to 0.70 per tonne below Friday's 5 p.m. level and turnover totalled 540 lots. Market sources said the tone was quiet and rather hesitant at the opening with some carry-over selling from Friday's lower kerb being offset by easier sterling against the
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    • Article
      Cocoa
      71 4 TERMINAL cocoa in London yesterday finished a quiet first call £10 £22.50 per tonne up from Friday due to lower sterling but the market fluctuated narrowly in similarly dull open trading. Dealers said the trade appeared to be on both sides although there was no fresh feature in fundamentals.
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    • Article
      Hongkong comex
      200 4 THE sugar market eased 0.15 to 0.25 US cents in quiet and featureless trading yesterday. Dealers said turnover fell to four lots from 10 on Friday. while the Hongkong daily spot sugar price fell 0.05 to 7.65 US cents. Sugar futures closing prices: Previous Clo.inc Closing May 7.80/93
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    • Article
      SPOT PRICES
      192 4 YARN and cotton in Hongkong dollars, spot ex-godown: Cotton Turn: China Blue Phoenix 20s 1.780. 32s 2.000. 40* 2.lBo(per bale of 400 lbs). Piece Good*: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 38 inches
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    • Article
      Produce exchange
      246 4 STEADY conditions prevailed In quiet trading on the Singapore produce market yesterday. Dealers made only small sales on local consumer accounts. While all the other commodities held their own, black peppers were quoted $2.50 per plcul higher by the Singapore Chinese Produce Exchange. The top grade, Lampong black
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    • Article
      Coffee
      134 4 ROBUSTA futures ended the opening call in London yesterday slightly easier £3 to £15 per tonne down from Friday's close In sales of 121 lots. July, after an initial gain of £10 at £1.375, ended the call £4 down at £1,361. Untraded March was £15 lower. Dealers said easiness
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    • Article
      Gold
      251 4 THE KILOBAR in Singapore yesterday opened at 5513.252 and rallied to a high of $13,272, before easing off in the afternoon to close at $13,187. In the loco London market, the metal opened at U*****.10/ 40 and reached a high of U*****.20/ 50. In the afternoon, however, with the
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    • Article
      Silver
      67 4 SILVER on the London Metal Exchange yesterday fell by mostly 4.0 pence per troy ounce. This market encountered liquidation prompted by the decline in gold which outweighed sterling's weakness against the US dollar as a market influence. Values drifted lower throughout the morning with the market losing further ground
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    • Article
      Zinc
      95 4 ZINC on the morning rose by L 5 for cash and 14.50 for Three Months in London yesterday. Values firmed on the preinarket aided by the advance In copper and the news that Electrolytic Zinc Company of Australasia Ltd had raised its base price to As6oo from $550 per
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    • Article
      Lock icon Castor oil prices fall ahead of supply rise
      585 4 Reuter. CONSUMER resistance and trade forecasts of heavier availability later this year have depressed castorseed oil values considerably in European markets during the past week, with Brazilian oil on an ex-tank Rotterdam basis declining around US$BO (SSIB4) per tonne. Traders said current
      Reuter.  -  585 words
    • Article
      Straits tin
      218 4 THE STRAITS Un price In yesterday dropped Mss per plcul to $1,526. $26 above the International Tin Agreement celling. Lack of demand from the US and Japan,as well as slightly larger supplies of tin concentrates from miners accumulated during the weekend* caused values to fall, dealers said. Turnover
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    • Article
      Copper
      143 4 COPPER wlrebars finished the morning in London yesterday with gains of L 7.50 for cash and 18 for Three Months. Values were given a boost on the pre-market by shortcovering following the news that Kennecott Refining Corporation will suspend refining at its Baltimore plant for about 3'i months and
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    • Article
      Lead
      61 4 LEAD closed the ring t'3 higher all round in London yesterday. The strength of copper Induced short-covering support on the pre-market where Three Months traded up to 1325.50 per tonne. Profit-taking and general selling pared gains in the ring and Three Months fell back to t320 before further covering
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    • Article
      Lock icon Vietnam plans to increase output of primary products
      319 4 Reuter VIETNAM plans to increase expenditure this year in an effort to rebuild the agriculture economy of the country which suffered greatly during the war. In its Foreign Agriculture magazine, the US Agriculture Department said the country plans to produce 21 million
      Reuter  -  319 words
    • Article
      Lock icon House axes subsidy plan for US farmers
      936 4 NYT. .NOW THAT the US House of Representatives has killed tne Dole Flexible Subsidy Plan, the ration's farmers will once Again be more dependent on the weather and foreign buyers than on the government. To be sure, grain and cotton farmers still have
      NYT.  -  936 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        429 4 THE US dollar looked up a little on the foreign exchange market yesterday on the back Of shortcovering and some speculative buying. Against the yen, the dollar opened at 219.10/20 in the morning and quickly moved on 220.90/10 by about lunchtlme. When London came in, the dollar eased
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      • Article
        Minimum lending rates
        66 4 THE PRIME rate of moil commercial bank* in Singapore now standi at 7 per cent. Ovfmt-C'hlnete Banking Corporation is still offering t*. per cent to its beat customers while United Commercial Bank is maintaining its prime rate at per cent. The stated prime rate of the bank
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      • Article
        Asian $ & CD rates
        170 4 Asian CD rates ASIAN currency deposit interbank rates as at close on April 17: US Dollars (Spot) nth. au 7 days ..7 8 7/8 1 mth .71/1 7 3/8 1 fiilhs 71/4 7 1/8 :i mths .7 3/8 7 1/4 omlhs .7 3/4 75/8 '9 mths .7 7/8 7 3/4
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      • Article
        Discount
        48 4 RANGE of prtcet offered by dlacount houses on April 17: Overnight 3'<* Call deposits J 1 Uoittl Ba*a« r ScUinf 3-month Treasury bills 31/4 3-month Bank bills 4 15/16 3-month CD 5 1/18 6-month CD 5 3/f 31/8 413/16 4 15/16 51/4 Source: National Discount Co Ltd.
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      • Article
        Tokyo
        165 4 THE US dollar for overnight delivery vesterday closed higher at 220.25 yen, compared with a 218.90 opening and 219.40 at Friday's close. No central bank Intervention was detected, dealers said. Trading was moderate, with volume U***** million, they said. The U8 currency fell Initially as foreign banks sold dollars
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      • Article
        Frankfurt
        56 4 FRANKFURT exchanges opening quotes on April 17: US 2.0480/ 10 (2.0270/ 88) Can 1.7790/ 7820 Stg 3 774/ 784 DFI 93.80/ 75 8 Ft 107.75/ 95 Lit 2 378/ 388 F Fr 44.63/ 83 N Kr 38.08/ 18 B Ft i com I a 415/ 430 B Fr trtnl
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      • Article
        London
        342 4 UNDERPINNED by Friday's strength on Wall Street when the Dow Jones Industrial average gained nearly 20 points to a 19month high, the US dollar rose sharply yesterday in active trading here. Noting that trading volume on the New York Stock Exchange reached record levels late last week, dealers said
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      • Article
        Hongkong
        212 4 HELPED mainly by the strong Wall Street advance In record dealings last Friday, the US dollar yesterday firmed here. Trading was most active in the mark/ US dollar rate, with the dollar closing at 2.0380/ 90 marks compared with the opening 2.0345/ 0355. It was firmer against the Swiss
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      • Article
        Euro $ rates
        138 4 Euro rates LONDON Eurodollar deposit rates opened little changed and traded steady In moderate early business yesterday. In periods, One Month was adjusted around higher due to a Friday end-of-perlod but other fixed dates were basically unchanged. dealers said. Dealers reported business In the middle of most periods with a
        138 words
      • Article
        Eurobonds
        339 4 EUROBOND price* quoted on April Htrmighii Bid Offer ToUl oil stg 90 75 91.25 FFlstg9*,B7 90.00 90.75 Courtaulds stg 9*4 89 88 00 88 75 EIB stg 9*4 92 M5O Flsonsstg ,22* *L wso 96 25 Incoßß2 97.25 97 75 *7 25 97 75 Sparbankernas IS 88 97 25
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      • Article
        Australia/NZ
        53 4 AUSTRALIA and New Zealand exchanges on April 17: AUSTRALIA: US dollar 1.1472/1.1424 Sterling 0.8202/0.6131 Ninety-day air mall buying rates Sterling 0.6386 US dollar 1.1447 Ninety-day forward buying rates Sterling 0.6195 US dollar 1 1773 NEW ZEALAND: Sterling 0 5818/0.5488 UK rtoltur 1.0272/1.0172 Ninety-day airmail buying rates: .swrlina 'i S64*
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      176 4 WOLSEV HALL'S PROFESSIONAL and BUSINESS COURSES direct from FEDERAL PUBLICATIONS HOME STUDIES DIVISION PROF ESSIONAL F XAMINATION COURSES BUSINESS COURSES Institute of Administrative Management An Introduction to Business Studies Institute of Bankers Business Management Institute of Chartered Secretaries and Commercial Computing Administrators (Courses for the new 197S examination syllabus available
      176 words
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  • TRANSPORT
    • Article, Illustration
      Iata clearing house handles record business
      673 5  -  By TERESA LIM THE International Air Transport Association's clearing house in Geneva, considered by many airlines as its most important function, handled US$l5.2 billion (Ss3s billion) in 1977' in two-way turnover of airlines' business. This was 13 per cent higher than the 1976 turnover
      673 words
    • Article
      Lock icon Third Boeing for Royal Brunei
      148 5 Reuter. ROYAL Brunei Airlines, launched almost three years ago. has taken out an option to buy a third Boeing 737 aircraft, it was announced in Bandar Seri Begawan yesterday. The plane could either be used only for carrying cargo or converted to take a number
      Reuter.  -  148 words
    • Article
      AIRLINE GIVES UP OPTION
      89 5 AIR FRANCE Is giving up Its options to lease 13 Boeing 737 aircraft because of pressure from French pilot unions. The airline satd In a statement that the unions demand that two pilots and one mechanic man the flight deck, which is built to seat two
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    • Article
      DAILY AIRCRAFT MOVEMENTS
      634 5 ARRIVALS Service Local Operator Number Time From OIA GA944 1055 PKU GIA QA908 1100 MES PAL PR501 1125 MNL RBA BI325 1155 BWN OIA GA982 1200 HLP SIA SQ240 1210 MES SIA SQ63 1215 MNL SIA SQ201 1245 HLP MAS MH684 1250 KCH MAS MH651 1330 (MES)/PEN/KUL
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    • Article
      China keen on HK airlink
      218 5 CHINA is interested in opening up an air link between Hongkong and Peking to boost tourism, Judging by a recent spate of local leftwlng press reports. The flight could take three hours If approved, a great Improvement on the present way of travelling to Canton
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    • Article
      Brunei Bay fast becoming a top haven for lay-ups
      388 5 tankers win continue to be laid up at Brunei Bay for another four to five years, according to tanker operator*. Confirming this, superintendent of British Petroleum (BP), Captain Tony Sainty, aaid BP alone had just asked the Marine Department to reserve
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    • Article
      Lock icon Where LNG risks ought to be food for thought
      772 5 NYT SEAMAN Tom Ferguson stood atop the CoastGuards 150-year-old lighthouse at Cove Point one day. peered through the glass at the 280-metre-long tanker riding high on the choppy Chesapeake Bay half a kilometre away and muttered to a visitor: "I'm glad
      NYT  -  772 words
    • Article
      QUIETEST AIRCRAFT
      146 5 BOEING will shortly unveil what It claims Is the quietest Jet plane developed so far It makes only one-thUlieth the nolce of a Boeing 727. The aircraft Is being developed for the National Aeronautics and Space Administration (Nasa) and will be tried out In June. This aircraft, whose
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    • Article
      Lock icon More Concorde flights
      362 5 Reuter, NYT. BRITISH Airways will Increase the number of Its Concorde supersonic flights between London and New York from seven to 10 a week from June 1. Dally flights will be supplemented by additional journeys on Tuesdays, Thursdays and Saturdays. In NEW YORK, the Federal Aviation Administration
      Reuter,; NYT.  -  362 words
    • Article, Illustration
      SHIPS IN PORT
      482 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Basca (HOFM) (0900 subject freeboard) 23/24 Fujlhoshl Maru (JRXZ Tanker) (1200 subject gass free P/O) 15/16 Havana Maru (after Ibn Hayyan) 1/2 Hoegh Opal (after Martha Bakke sails) 35/36 Hoegh Pilot (after Oolden Lion) 46 Jastarnla Bor (after Kawachi Maru) 44 Kota
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      Page 5 Advertisements Column 1
      8 5 BUDGET FARES AND SUPER SAVER FARES TO U.S.A.
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      Page 5 Advertisements Column 2
      220 5 m M n s rs $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 and endless fascination
      220 words
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  • Article
    Wage council must be imaginative
    468 6 THAT the average 18 per cent Increase In the price of rice will be felt keenly by a population for whom rice Is a staple, is obvious. A 1972 survey on family expenditure revealed that for families with expenditures ranging from 1100 to $999 a
    468 words
  • Article
    A question of will and power
    254 6 EITHER the Japanese government has lost all control of its economic machine or Its leaders are being utterly perfidious In the promises and declarations they make publicly and to their opposite numbers In other countries. It Is a year and more since Prime Minister
    254 words
  • Article, Illustration
    Lock icon Isolation no barrier to Taiwan trade
    1058 6  -  A TALE OF TWO RIVALS TAIWAN and South Korea (the Republics of China and Korea) are the two countries, apart from Hongkong, most often cited as "Singapore's rivals" in the economic growth rat-race. What is the secret that enables South Korea to notch up
    AP  -  1,058 words
  • Article, Illustration
    Lock icon Reaching for the sky
    535 6 AP IN THE summer of 1963, a European economist took a jeep trip through the famine-stricken countryside of South Korea, talking to peasants trying to stave off hunger. Sixty per cent of the people lived in 35,000 tiny villages and most, of them were poor. The
    AP  -  535 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      115 6 V k 1 sinoapura FORUM® HOTEL CntwMHM M Orchard Road, S'pore I. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Sunday) open
      115 words
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      Page 6 Advertisements Column 2
      119 6 406/407 Havelock Road, S'pore 3. Tel: 4*9* l lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where Miss Shiao Pin (Taiwan), Constellations, Miss Tammy Wong, Sonny Bala The New Moonglows, Anna Mlna (from Japan) and Louis Tan Limited 3 treat you to
      119 words
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      Page 6 Advertisements Column 3
      85 6 HOTEL HOTEL ROYAL-RAMADA Newton Road, S'pore 11. Tel: *****1 Emperor's Room Try our most talked-about air-flown steak and our Indonesian speciality, Ikan Mas. A special International Buffet awaits your pleasure on every Sunday from 12 noon to 3 p.m. Adult $8/ 10% 3% Children $5/ 10% 3% Ramada Lounge Enjoy
      85 words
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      Page 6 Advertisements Column 4
      142 6 (Cockpit glutei OXLEY RISE7PENANG ROAD, SINGAPORE 9. TEL: *****1 How Lady Godlva was side-tracked to Our Lady Godiva rode by as fair as fair could be. On a white horse she did come, riding high and free. Klip-klop klip-klop went Equus; Throb, throb-throb went our hearts. It wasn't in a
      142 words
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      Page 6 Advertisements Column 5
      118 6 SNGAPORE HOON 581 Orchard Road, S'pore 9. Tel: *****3 Hilton Presents The Australian Collection 1978 (April 21-23) A fashion presentation of Australian Designer's Collections by Stafford Ellinson Hall Ludlow, Bern hard Hammerman, Car la Zampatti, Ooet Poespo, Tony Bonnlcl, George Gross and Mel Clifford Australia's foremost couturier. YKK Zippers in
      118 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      147 6 OUTLOOK from 16-30 April: There is still no sign of the onset of the southwest monsoon over South-east Asia. It is therefore likely that the ■present spell of isolated afternoon thundery showers associated with the inter-monsoon period would persist for another six to eight days. This may be followed by
      147 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      235 6 3.00 PM Openrng announcements followed by What's My Line 3.25 Dairy of Events (English) 3.30 Afternoon Matinee Lovers and Lollipops (Pt.2) Starring: Lori March, Cathy Dunn, Gerald O'Louglilin 4.05 Science Report 01 4.20 Intermission 6.05 Opening announcements followed by Birdman and the Galaxy Trio 6.30 News in Brief 5 6.35
      235 words
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  • Article, Illustration
    Who is endangered — men or elephants?
    555 7 Who is endangered men or elephants? HONGKONG, battling trade restrictions in major markets, now faces a new kind of protectionism Its ivory industry is threatened bjr growing international cQncern for the endangered elephant. The colony boasts one of the world's most active ivory markets and exports more than HKSIIO million
    555 words
  • Article
    STRAWS IN THE WIND
    459 7 WANDERING idly through the National Museum over the weekend, I came across a rather comically worded caplion to an old miniature painting of local Chinese towkay Yow Ngan Pan (1863-1920), in which the Museum's experts commented: "He is indeed one of our forefathers who had so
    459 words
  • Article, Illustration
    Dollar's strength against ringgit bewilders many
    1682 7  -  By NOORJAHAN KARIM THE RELATIVE steadiness of the US dollar against the Malaysian ringgit has baffled many bankers and businessmen who expected to see a stronger ringgit since the US dollar has plunged against major international currencies, which form part of the basket used
    1,682 words
  • Article
    Subsidies can breed failure
    1179 7  -  (FOBUMj r ...OD economics k «y TERESA LIM THE QUESTION of subsidies Is an age-old problem that has placed too many governments in a quandary. If they refuse to subsidise a particular industry, they have to risk tremendous uproar and an almost perverse determination by the
    1,179 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      301 7 6 f <* I 11:* m\i s v PENINSULA HOTEL Coleman Street, Singapore 6 Tel: *****1 QUEEN S HOTEL 24 Mount Elizabeth, oft" Orchard Road Singapore 9. Tel: *****8 RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SEA VIEW HOTEL Amber Close, Singapore 15 Tel: *****22 SHANGRI-LA HOTEL 22
      301 words
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      Page 7 Advertisements Column 2
      23 7 w You don't have to pay a high price for a good Cream Sherry. Another quafaty product from 1 k 72- m mr>
      23 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      59 7 Rn Stow: Fiuzk DickeaC J TufcNeK, THC r*M4 hrs ftejeM cioseTeo U>\TH &R»STOV>J R* CMES2. TUfcxATy I NOT NeCtSSRCiLV /i lou muSTM-r vnoefcCSTimMfc fc&isTow n DePeMos o* ms roooD IF Mr Ufti*TS To HE. CP\NI Tne O»t2DS Off foe. Toees ssm'T^c DOORS P«t sO«£N»KG UiGtL &ILL, IT'S OG£_N f\ YOU&NO
      59 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Lock icon Surging ahead
      691 8 Tokyo Source: DBS-Daiw a THE market advanced tp another new high yesterday. It opened higher centring On mlddle-and high-priced quality Issues such as autos, precision instruments and light electrlcals. The Dow Jones average marked a new high of 5,539,35 at 10.00 a m. Following the strength of the
      Source: DBS-Daiwa  -  691 words
    • Article
      Sydney
      340 8 THE market firmed yesterday on continued overseas buying and on last Friday's Wall Street rise. Dealers said BHP rose 12 cents to A 56.40 after its Interim results, the Wales eight to 5.30, EZ Industries five to 2.25, Comalco five to 2.80, CRA eight to 2.28. Hamersley nine to
      340 words
    • Article
      Manila
      142 8 THE market closed mixed yesterday with minings and oils posting slight gains while pommercials declined. Dealers said turnover rose to 2.51. million pesos from Friday's 1.75 million. Leading mining and oil issues held firm. Oriental rose one point. San Miguel lost two points while PLDT rose one point and
      142 words
    • Article
      Bangkok
      135 8 APR 17 Bahu Asia Fibre 252 -4 Bangkok Bunk 379 4-4 Bangkok Invent. Bangkok-Metro-politan Bank Buta BerhJucker 478 ♦2 CarpetIntnl Charoong Thai Wire 294 1 Dumex DusltThanl 320 unch Faber Merlin First Trust 330 -3 Genera Finance Indo-Thai Industrial Finance Corp 2555 4-20 J And J Ho Jalaprathan Cement
      135 words
    • Article
      Selected indices
      34 8 H.K. HANG SENG Monday 434 Friday 436 .29 Week Ago 446 80 SYDNEY INDUSTRIALS Monday 408 SJ Friday 406 06 Week Ago 402.13 ALL ORDINARIES Monday 469.29 Friday 464.88 Week Ago 459.73
      34 words
    • Article
      Power stake
      60 8 JAPAN'S electric power industry will invest U5513.59 billion in new generating and distributing facilities during the 1978 fiscal year, ments 'made by nine leading power companies in Tokyo, power companies in l oicyo. The budgeted expenditure is 35.6 per cent higher than the $10.16 billion spent on new
      60 words
    • Article, Illustration
      Wall Street rally has begun in earnest
      690 8 AT the beginning of February Business Times forecast that the allimportant Wall Street stock market was likely to go shooting upwards before long. We were perhaps a week or so early in suggesting an involvement in Wall Street but the performance of US
      690 words
    • Article
      Lock icon Hongkong
      331 8 Source: Sun Hung Kai Sec Ltd. THE market put In a drab performance yesterday, unaffected as usual by movements on Wall Street and other markets. Light selling of blue chips and lack of Incentive among investors at these levels were the main reasons for the malaise and dealers felt
      Source: Sun Hung Kai Sec Ltd.  -  331 words
    • Article
      US companies taking a new view of annual shareholders meetings
      1437 8 FIVE years ago, a major New York bank posted a guard by the door at its annual stockholders meeting, blanket in hand, ready at a moment's notice to cover up and carry out the first streaker. The precaution reflected the
      1,437 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      168 8 Mathematics and Statistics Statistics in Action: Peter Sprent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in more
      168 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon ATT resisting bid to break up Bell
      1128 9 NORTH AMERICAN COMPANIES NYT HAROLD 8. Levy, chief antitrust lawyer of the American Telephone and Telegraph Co, served notice last week that the company planned a new series of challenges to the federal antitrust suit aimed at breaking up the Bell System. Levy's
      NYT  -  1,128 words
    • Article
      Lock icon Sales and profits higher at W'house
      144 9 Reuter. WESTINGHOUSE Electric Cwporatlon, a large manufacturer of electrical equipment, reported in Pittsburgh sizeable Increases In sales and profits fQr the first quarter. 'The company said It has made "a aood start In 1978, particularly with the Improvement In operating profit margins." Westlnghouse said
      Reuter.  -  144 words
    • Article
      Lock icon Caterpillar first quarter up
      122 9 Reuter. CATERPILLAR Tractor Company, a large manufacturer of earth moving equipment and dlesel engines, reported in Peoria, Illinois, a more than 19 per cent rise In first quarter sales and a 21 per cent Increase in profits. The company attributed the sales gain to "a greater
      Reuter.  -  122 words
    • Article
      Lock icon Hilton earnings rise
      109 9 Reuter HILTON Hotels Corporation, a large US hotel operator, reported In Beverly Hills, California a 34 per cent increase in profits for the first quarter, and a 12, per oent rise in sales. The company also said business is continuing strong in the second quarter, and "prospects
      Reuter  -  109 words
    • Article
      Lock icon Mounting pressure to save two foundering US steelmakers
      1127 9 NYT. MONDAY In Youngstown, Ohio, a Washington economic consultant will outline to community leaders a grass-roots equity capital approach to reopening a steel mill that shut down last autumn and put 4,200 workers on the street. Monday in Washington, representatives of the
      NYT.  -  1,127 words
    • Article
      Lock icon Olivetti plans to increase capital
      113 9 EUROPEAN COMPANIES Reuter. OLIVETTI Spa is studying plans to raise its capita], currently at 60 billion lire, in line with operating needs, but no decisions have yet been taken, a spokesman said in Ivrea, Italy. He was commenting on press reports that the company plans
      Reuter.  -  113 words
    • Article
      Lock icon Eagle Star Insurance
      93 9 Reuter EAOLE star Insurance Co said it is in a strong financial position and believes it can look forward to further expansion. Earlier tne company reported 1977 pretax surplus rose to €43.5 million from €32.9 in 1976 and premium income increased to 482.1 million from 364.5 million.
      Reuter  -  93 words
    • Article
      Lock icon Montedison must sell
      75 9 Reuter. MONTEDISON Spa will have to sell off some of Its operations outside the chemicals sector to help meet financing needs estimated at 700 billion lire for 178, Minister for State Industry Antonio Blsaglia said in Rome. Sale of non-chemical assets could bring in 200 billion lire
      Reuter.  -  75 words
    • Article
      Natwest
      24 9 THE National Westminster Bank Is to lend Poland US$3O million to buy manmade fibres and chemical products In Britain, It announces in London.
      24 words
    • Article
      Lock icon Guardian Royal income cut
      146 9 Reuter. GUARDIAN Royal Exchange Assurance said the change in the value of sterling In 1977 reduced short term premium Income by £30 million and Investment Income by 3.9 million. This was one *of the largest factors affecting overall earnings, the company said in London, commenting on
      Reuter.  -  146 words
    • Article
      BP
      53 9 BRITISH Petroleum Co and Royal Dutch/ Shell K>up said together with mlnex they found oil in the Gulf of Suez, which was tested at about 14,500 barrels of oil per day. The extent of the oilbearing reservoir is as yet unknown and awaits appraisal, the companies said in a
      53 words
    • Article
      Lock icon Brazil Steel Mill
      138 9 BONDS AND DOANS Reuter. BRAZIL'S Oompanhia Slderurglca de Tubarao plans to borrow from Japan and other countries about US$7OO million in syndicated loan for Its project to build a steel making plant at Tubarao, southern Brazil, Japanese banking sources said in Tokyo. They said Arthur Carlos Oerhardt
      Reuter.  -  138 words
    • Article
      Lock icon Kowloon Electricity
      154 9 Reuter. THE UK's export credits guarantee department said In London it has guaranteed the repayment and funding for the US$39O million loan made available to the Kowloon Electricity Supply Co Ltd by J. Henry Schroder Wagg and Co Ltd and a 16 bank syndicate. The loan is the
      Reuter.  -  154 words
    • Article
      Lock icon Spanish Railway
      112 9 Reuter SPANISH National Railways, Red Naclonal de los Ferrocarrlles Espanoles (Renfe), signed an agreement to float a 16 billion yen, 12-year, 6.5 per cent bond on the Japanese capital market through an underwriting syndicate of 35 firms including five foreign underwriters, Nlkko Securities Co said In Tokyo as
      Reuter  -  112 words
    • Article
      Lock icon Agriculture Bank
      81 9 Reuter. AGRICULTURAL Development Bank of Iran signed a 10 billion yen 15year loan contract with a Japanese syndicate of nine banks, Mitsubishi Trust and Banking Corp said in Tokyo as lead manager. It said the syndicated loan carrying an undisclosed fixed rate but having no government guarantee will
      Reuter.  -  81 words
    • Article
      Lock icon Banco Nacional
      61 9 Reuter. MEXICO'S Banco Naclonal des Obras Y Servlclos Publlcos completed a seven million Kuwait dinar bond Issue, Kuwait International Investment Co (KIIC) said in Kuwait. KICC, which managed the issue, said It carried an 8-1/4 per cent coupon and was sold at par. The bonds have a life
      Reuter.  -  61 words
    • Article
      Lock icon Two Japan firms plan UK plants
      360 9 ASIAN COMPANIES Reuter. TWO leading Japanese engineering companies are considering setting up plants in Britain, ana the influential newspaper Financial Times welcomed their plans. Komatsu, the leading Japanese producer of earth-moving equipment, said that It was considering Britain as the base for its first
      Reuter.  -  360 words
    • Article
      Lock icon Esso, BHP oil search to begin soon
      204 9 AFP ESSO and BHP will begin a big new multlmlllion dollar oil and gas search in Bass Strait within eight weeks. It Is initially planned to drill four hew wells costing up to AJI.S million each but If early drilling Is successful more
      AFP  -  204 words
    • Article
      Ford team at Toyo
      64 9 TOYO Kogyo Co said In Tokyo a team from Ford Motor Co Is currently making a detailed survey of the financial position of Toyo Kogyo and its subsidiaries. It said the survey was apparently related to Ford's plan to place orders with It for transaxles to
      64 words
    • Article
      Lock icon Sakhalin drillings
      134 9 Reuter. JAPAN'S Sakhalin Oil Development Co-Opera-tlon Co said It ana the Soviet Union will conduct six test drillings on the continental shelf off the Soviet Union's far eastern island of Sakhalin this year, continuing on from last year. The Joint exploration struck oil deposits in its first test
      Reuter.  -  134 words
    • Article
      Lock icon Norseman suspends Princess production
      107 9 Reuter. CENTRAL Norseman Gold Corp NL said It suspended production from the underJ round workings of the rlncess Royal ore body at its western Australian gold mine following a ground movement In the Princess Royal shaft. Product will continue from the Crown ore body and open
      Reuter.  -  107 words
    • Article
      Lock icon Mitsubishi to take stake in Chrysler
      94 9 Reuter. MITSUBISHI Motor Corp said in Tokyo It reached basic agreement with Chrysler Australia on taking a stake in the Chrysler Corp Australian subsidiary. The arrangement 1s aimed at helping Chrysler Australia, which assembles Mitsubishi vehicles as well as Chrysler models. Details of the
      Reuter.  -  94 words
    • Article
      Lock icon Shin Meiwa order
      52 9 UPI. SHIN Melwa Industry Co, a machinery manufacturer, said it has received an order for 34 aircraft boarding bridges from the Singapore government's construction office and Jurong Engineering Co. The company said the order Is worth about 1.4 billion yen and payment will be made In Singapore
      UPI.  -  52 words
    • Article
      Lock icon CONTRACT GOES TO CONSORTIUM
      428 9 AP. A CONSORTIUM of French, West German and Argentine companies has been awarded a contract to drill for oil in the south Atlantic off the coast of Tierra del Fuego. The four firms were the first private contractors chosen to join a major exploration programme begun
      AP.  -  428 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      63 9 111 TAX Paperback LECAIIE < THE HONOURABLE SCHOOLHIS LATEST #1 WORLD BESTSELLER THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME u-rit i.i t.'HN f\Cll 1 •4JI i r!i 111. ~»-lf .Itr f hi MU-fO A KKKi.S 'A If I if;, If. 1,,. No'a mi S.il<- ,it .ill
      63 words
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  • DEALS DONE ON THE SES AND THE KLSE
    • Article
      In Singapore
      1423 10 h P"** B officially r<KS!ti!i t b^ lneM »n and cha?u» Stock Exdav iSo, Sln «*Pore yesternumber or shares toU^f^°Z2» ln brackets in otherwuJ' units unless Settw? s p«cifted All Time Quoted??. ,K° ntracts are *1* t the world -sett" unit?? deal <'n lots of 2,000 ""■mis' ,uot
      1,423 words
    • Article
      Government bonds
      245 10 B O T 8 1/2% IWI (100.000) (I00%B101HS) B O T 7 5/8% 1984 (100.000) (968 96 HS) B O T Floating l*U (100.000) (9958 1008) C Itoh 8 1/8% 1984 (100.000) (9t*B 96 7 «S) LTCB J 1982 (100.000)(99'*B 100HS) LTCB J 1983 (100.000) (99'48 100HS) Credit
      245 words
    • Article
      Stock options
      117 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. Storage (June |].70) (0.468 O.SSS). i iSsT 1 c (June <2 20 (,058 F.S* 4
      117 words
  • Article
    Unit trusts
    148 10 "NQAPoae UNIT nun INCOME BOND UNIT The Commerce The St vln« Fund «pru id > 90 2.02 111 1.17 0 0 85 }73 1.83 1.14 IJl lUtlTWl INCOME BOND •teas) 1 04 1.10 S pore Prof Fund 8 gore Security MARA BUMIPUTRA FUND <«••«•»»,• prioM for April IS)
    148 words
  • Article
    SHARE INFORMATION SERVICE
    2407 10 W7/I978 High Low Company Last Sale Gr's Gr'i Net Week Div Div Y'ld P/E ♦or- C'vr Week Vol Week ('000) High Low SECTION ONE INDUSTRIALS 281 213 136 300 72* 247 183 324 418 146 132 Acma 123* Alcom 112 Allied Choc 260 Bata 60* Ben 191
    2,407 words
  • Article
    In Kuala Lumpur
    1789 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 Aama (1.T48 1.7 M). Alaam (I.SOB 1.905) (1) IBS (1) 1.94
    1,789 words
  • Article, Illustration
    Second liners bullish
    874 10 SINGAPORE SELECTED second liaers featured bullishly while blue chip* were generally steady to firm mi the Stock Eiehaife of Singapore yeaterday. Trading volume wai moderately high at 4.01 million unita transacted valued at 18.20 million compared with last Friday's volume of 3.90 million units worth 17.29 million.
    874 words
  • Article
    KLSE trading lacklustre
    556 10 A FAIRLY selective market prevailed at the Kuala Lumpur Stock Exchange yesterday with prices closing on a slightly steadier note. Apart from speculative interest in a handful of Industrial second and third liners, yesterday's trading was generally lacklustre. Total turnover yesterday amounted to 4.18 million units valued
    556 words
  • LATEST RESULTS
    • Article
      United Motor Works:
      78 10 Group pre-tax profit of Ms 3 million ($1.9 million) after depreciation allowances of 12.4 million ($2.3 million) for the year ended Dec 31, 1977. Turnover: 1144.3 million ($167.7 million). Provision for taxation $2.5 million leaving after tax profit-of $0.5 million (loss M 7 million) First and final
      78 words
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  • COMPANY NEWS
    • Article
      UE ends on a dismal note
      596 11  -  ■y ARTHUR NG AS anticipated, United Engineers Ltd ended last year on another dismal note, its second successive year of decline since 1975. Group pre-tax earnings this time round came to $8.52 million, a 9.1 per cent drop from the previous year's figure of
      596 words
    • Article
      General Ceramics carries on its strong recovery
      208 11 CONTINUING with its strong recovery, General Ceramics has turned in a year of encouraging results. Unaudited net profits for the year ended Dec 31 1977 showed a substantial improvement, from a net loss of M$ 110.681 in 1976 to a net gain of
      208 words
    • Article
      Top level changes at API
      428 11 ASSOCIATED Plastics Industries announced that it had appointed a new managing director, deputy chairman and two other board members to replace four directors who have resigned. At the same time the company revealed a loss of $1.06 million before tax for 1977. The new managing
      428 words
    • Article
      COMPANY MEETINGS
      510 11 Ajinomoto (M) Bhd: AOM to be held at 6Va miles. Simpans Salak, South Baharu, Kuala Lumpur, at 9.00 a.m. on April 25. National Iron and Steel Mills: AGM to be held at the board room of Development Bank of Singapore Ltd, DBS Building, 6 Shenton Way, at 2.30
      510 words
    • Article, Illustration
      Sharp reversal hits Ben in second half
      667 11  -  ly MANO SABNANI SHAREHOLDERS of Ben and Company who had been anticipating a strong turnround Into the black In 1977 must be thoroughly disillusioned by the results Just released. Oroup operating profit for the 10 months to Dec 31, 1977 came to a
      667 words
    • Article
      SES approves UOB scrip issue
      167 11 THE Stock Exchange of Singapore has approved United Overseas Bank's recently proposed one-for--10 scrip issue. This is subject to sliareholders' approval at the extraordinary general meeting to be convened on 12 May, 1978. Based on the bank's existing issued capital of $155.65 million, the bonus
      167 words
    • Article
      UP to maintain dividend
      106 11 UNITED Plantations (UP) has told the KLSE that It expects to maintain the rate of dividend declared for 1977 on the total issued capital including bonus Issue for the current year ending Dec. 31, 1978. UP was replying to points raised by the exchange following the
      106 words
    • Article
      SJA unit
      83 11 SOUTH Johore Amallamated Holdings, the ohore bus company, has subscribed to the fully Issued and paid-up capital of South Johore Agencies Sdn Bhd. The move makes South Johore Agencies a whollyowned subsidiary of SJA. South Johore Agencies is an agency firm formed recently to carry on the business
      83 words
    • Article
      Mars move
      46 11 MARS Holdings Bhd said it will ask shareholders to approve a change of its name to S.T. Holdings Bhd at an extraordinary general meeting on April 28. The company, previously named Sungei Tukang Rubber Co Bhd changed its name to Mars Holdings in 1976.
      46 words
    • Article
      Unilite makes a profit from sale of property
      365 11  -  By PHILEMON SOON UNILITE Electrical Industries has made a profit of M 51.04 million from the sale of its 89,959 sq. ft. property situated in Petallng Jaya to East Asiatic Company (Malaysia). The company said the sale proceeds were mainly utilised in
      365 words
    • Article
      Castlefield Rubber Estate suffers slump in turnover
      693 11 TRUE to early warning signals given in the last chairman's statement, Castlefield (Klang) Rubber Estate has suffered a slump in both turnover and profits for its first half to last Dec. 31. compared with a growth of 56 per cent in the first
      693 words
    • Article
      DIVIDENDS ANNOUNCED
      690 11 Current Ex Books Date Total for Total for payment Date clOM payable the year previous year Goodwood Park 7*%<b) Mar 21 Mar 29 Apr 19 7%% 7*% Mine Court Hotel Malaysia 5%<b) Mar 21 Mar 29 Apr 19 5% Nil 5%<b) Mar 21 Mar 29 Apr 19 5%
      690 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      63 11 BUSINESS OmiTINITY Hong Kong based International Company seeks Reputable Company in Singapore as SOLE AGENT for marketing high quality Japanese Quartz travelllng and table clocks in Singapore, Malaysia and Indonesia. Interested parties are requested to reply to P.O. Box 7025, Tsimshatsui, Kowloon, Hong Kong giving details and background of your
      63 words
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      Page 11 Advertisements Column 2
      141 11 This book comprises a mouthwatering selection of over 200 recipes for all the family It is illustrated throughout in colour, with step by step photographs to guide you through the more daunting aspects of cakemakmg. and help you to make perfect cakes and biscuits every time. With the help of
      141 words
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  • Article
    What the Japanese will buy from us
    360 12 SINGAPORE has been Included in a "shopping list" Of Japanese companies as a potential supplier of at least 43 products. "The list compiled by the Japan External Trade Organisation, also shows that the Republic can provide 162 products which Japan wants to buy
    360 words
  • Article
    Lock icon IRELAND'S REQUEST
    84 12 AP IRISH Minister of Industry, Commerce and Energy, Raphael Burke, asked Japan yesterday to Import more dairy products and other Irish goods to correct the trade imbalance now in Japan's favour. Mr. Burke made the request In a meeting In Tokyo with Tatsuzo Mlzukaml, president of the Japan
    AP  -  84 words
  • Article
    More joint ventures
    136 12 INDIA is negotiating with Malaysian authorities to establish another 12 industrial Joint ventures in various parts of the country. The proposed ventures are in the fields of man-made fibres, palm oil fractionation, radiators, coconut processing, rayon, gears, chemicals and preservatives, carbon black and paper and toiletries. India
    136 words
  • Article
    Lock icon Tokyo's March visible trade surplus record
    842 12 APRIL MAY SEE DECLINE AFP, Reuter. JAPAN'S visible trade surplus rose sharply to a record U813.10 billion (Ss7.l billion) In March from $2.34 billion In February and 51.56 billion in March last year. The Finance Ministry said in a preliminary report that the surplus
    AFP,; Reuter.  -  842 words
  • Article
    Lock icon Market borrowing up
    260 12 Reuter. THE International Monetary Fund said borrowing In the international capital markets rose by 6 per cent to U5567.2 billion (Sslss billion) in 1977 following a 45 per cent gain In 1976. The IMF said In Its publication. Survey that the figures, compiled by the World Bank,
    Reuter.  -  260 words
  • Article
    Lock icon Uphill task for Carter but he's unswerving
    510 12 UPI THE CARTER administration is firmly committed to a fight against rapidly rising wages and prices but better times will take a while to achieve. Two top administration economists said over the weekend that President Carter Is deadly serious about his commitment to
    UPI  -  510 words
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    LONDON STOCKS
    769 12 UdNDON, Mon. Government bonds firmed on technical considerations while equities shewed small net gains. At 3 pm, the Financial Times Index was down one point at 446.4. Government bonds closed up ttf 3/8 points higher after Initial easiness, but dealers said investor demand was small reflecting continued concern
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    Lock icon Drastic cut in surplus possible says Fukuda
    264 12 UPI, Reuter. JAPANESE Prime Minister Takoo Fukuda Mid Japan could cut ita current account balance of paymenu surplus drastically this year. He told a press conference in Kyoto that he would discuss this in Washington early next month. He would also take up
    UPI,; Reuter.  -  264 words
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    Corona factory
    66 12 IN the report on Corona's expansion of Its Singapore typewriter manufacturing plant in the April 15 Issue of the Business Times, It was wrongly stated that Singapore Is the only manufacturer of portable electric typewriters among SCM (parent of Corona) plants world-wide. The sentence should have read: The
    66 words
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    Top-level talks with Malaysia
    564 12  -  By KADIR JASIN TOP-LEVEL bilateral meetings between Malaysia and two of the most powerful industrialised economies the United States and Japan will be held in Vienna towards the end of the month. A wide range of bilateral and international economic and financial issues will be discussed
    564 words
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    Lock icon Factor in future pricing
    368 12 AP UPI. THE SHAH of Iran has forecast that rising oil prices will compensate for diminishing reserves. The London Sunday Times reported an interview with him in Teheran last week in which it asked: What is the future pattern of Iran's oil pricing policies? The Shah
    AP; UPI.  -  368 words
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      268 12 Leader... Page 6 messmen read The Journal 0 Because succeeding in business is what The Journal's all about. The Asian Wall Street Journal is a business tool, designed to be used by people who make business decisions every day, and who need all the information they can get on the
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    SHIPPING TIMES
    4851 13 gCHBHUB 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 c ScaaDateh kaa a Joint service awmag—u>
    4,851 words
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      318 13 MAERSK UNE mnaMLLimmn SSKAPOftC *****44 HUNflftM ***** PCNAN6 *****1 P. KELAM6 JM9M SHIPPING "MALDIVE LINES" M-"Mf FT* WW I CUMMUT M 24/4 LOADING FOR COLOMBO KARACHI. BASRAH MO OMNMM tt—BL n/4 w LOADING FOR HOOEIOAM (GENERAL CARGO ONLY) *V« M/ 4 wtrguuw sraatsxa," 1 w srwwirar I WIM ll( HL
      318 words
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      267 13 SHARJAH SHIPPING CO. LTD lr~ 'UNlftO tKAB CWIRATfS) Sport rM «/P» avunosram wißvr Sport PMUa, Pmmi LoMM«to> Mil la n/|| |pr MM/Mi MhM Mil VI km 1/9 km 11/ UlaN ißaftaMtaMHtt FAR EAST ARABIAN LINE iO'h sirvici of iwtgjtH SMirn»6 t«: mac sis stums*" U"itw* L »GWS SUB AGfWIS SHARiAH
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      137 13 NOTICES EVERETT STEAMSHIP CORPORATION S/A s/s •Murrayeverett" Voy. 48-W ARRD: 11.4.78 $> P S.A. GDNS 40/41 General Survey oi> damaged cargo discharged ex the above vessel will be held on 18th April 1978 from 8.30 a.m. No further survey will be held after this date. NEW OIL BUNKERING SERVICES AT
      137 words
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      14 13 FORTNIGHTLY TO •MIDDLE EAST SEA J/gL AND DRV KFMEMTED COHTMKI SCWICf BOOKIN6 TCI *****22
      14 words
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      438 14 ANGLO-FRENCH TRADING S.OQ"PO Kuala Lumpuf 03 9*3««4 03-5421 37 Bookinga *****'1 *****89 Po't Kalang *****1-3. CFS *****6/7/8 CFS *****66 Tarminat *****51 Penang ***** 8 Ipoh 05-2663 4 SUMA LINE COPI NrtAr,n\i EXPRESS SEMI-CONTAINER SERVICE TO EUROPE TRANSIT STRAITS/UK-CONTINENT 21/24 S PORE P KELANG PNANG R'DAM HAMB ANTW NEWPORT RIVERBANK N95
      438 words
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      855 14 I Z2 SANKYO LINE] AUSTRALIA SERVICE P KeUnt S-ngaporp MAYSIY SAILED IN PORT MAY CAIIP 22/23 Apr 20/21 Apr KYOTEN MAIN 27/29 Apr 30/30 Apr LOGISTIC ACE 5/6 May 7/1 May MAY BREEZE 14/15 May 12/13 May DAIWtN, MHS, SVO FREM, ADEL. MEI SYD AOEL. MEL. SYD ADEL. MEL. SYD
      855 words
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      479 14 40TH FLOOR. HONG LEONG BLDG 16 RAFFLES QUAY SINGAPORE 1 Custome* Service Bookinf ?225?2? Termmjl ?570''S3 *****3? yx/. REGULAR RORO BERVIC Go one better to the Middle East PRIORITY BERTHING t DISCHARGE AT ALL PORTS carp tar U Duha by ru< ■tioolol I tracts < or ky fmtm Mr* Howy
      479 words
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      1111 14 Everett Lines/ 1 W LOADING 'BTmMKfS^IONA^NE' a/a Apr BFS S C Agents in Moloysia TEPS MALAYSIA P -rt Ketooq T«4 (38) 7355 Penang Tn *****/ ***** NmadN Itmrnmimmtd S. A. C.I. F. "ARGENTINE NATIONAL LINE" LOADING FOR DURBAN. CAPETOWN BUENO< AIRES M LOADING FOR tNSENADA. MAN2ANILLO. ACAPULCO. SAM JOSE 1
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      609 14 IARDINE AN lAH I Orient Overseas Co*dai*teA Line TO EUROPE (VIA OMENTAL RESEARCHER 1* CHEVALIER PAUL IBM NEPTUNE COML TV NEPTUNE PERM 8* chevalier boh bm HUM CONTAINERIM MERCATOR6W OMENTAL CHIEF 8* •assets caR BramertiKen mtffitvto after Hafflburf FROM EUROPE (VIA SUEZ) fponl H Kong Mohsiuni OuU Tokyo FULLY CONTAINERISED
      609 words
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      1208 15 OCL Overseas Containers Limited camntßsii? service re M/ewniaiT: litW Mm M*M SliM MiM MM a ma l|i HK. KS. MM Bay MM MM u** um WW Hlj tt TK. Cit|tfE'Mr|* MM SUM UM Bait II Apr HK, TK. KB. bap llin MM MM MM MM fl l»r» H«, US. Mir.
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      1197 15 Ben Ocean Ajcutaemx ofßen Ltne. BheFlsmel Glen Lme and NSUO Tt tK/CINTINENT (rip ImO Oat S.nppore t. Kalang Peaanf Earoea PATMCLHS Sailed 11/H May a/21 Apr 1 Jaae Bilbao. Amst. M'b*rg I 800 I'pool. BENMMB n.H Apr O/M Apr If Mi) lisooa, Lt u*V ML BENCBUACNAN M/ I Hay 1/11
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      848 15 BEN LINE CONTAINERS LIMITED ">*' S»np«rp Ummj lm« fr«K t Mi UJL SC»IMIIU»L 77 Apr a Apr it MrTifiSi u ia~i» TEJ am eipness aa*a a* nm, n m», u v* n *7, i ham imm iu, alZr i >m h m, A MUD It Iter 1 lea < Im
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      849 15 Scan Dutch V WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA ftttti P. MlMl Vessel (UJimu II Nft TIIUU nuctiu a/« FRANCESCA I j*TUMIA ELEARMA 11/ t Ml HUT FUKIUI I PRrt TRTAR B/ 4 HHH 1/ I ,J»TUi 11/ I Ml I I Run ND FROM MED/UK/ 111: ia: i r.vi unmn«
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      546 15 GUTHRIE BOUSTEAD Si THE BANK LINE LTD LMK FM L I V AFRICA TISTBAM (Mwritivt. Dwton. Mombata. Tintl. E L. ft., Ctcetowx ffun, > H»n» II /n Apr Vpora 1 44/11 Apr FPRTVftf nil (Mtunt.uv Iwnn, Durban, 1.1, PE., Cwluni "<m| P Mlan| M M Mai S port 71/14 Map
      546 words
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      1005 16 \T3k K LINE met i» mm cm sacs Sport P. KclMf L Havre HV| Bremen 22 Apr 23 Apr 13 May 15 May IS May 21 Apr 29 Apr 21 May 2! May 23 Mar 4 May S May 29 Nay 29 May 29 Nay 17 May II May IJm
      1,005 words
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      800 16 0 #/> SOVICE V| AGf NTS R JUMABHOV SONS f'f I Tit M JUM A UNO V K SONS M SDN 3HD T.I JHtt IB> SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP BY SSA Vof Singapore P. Mlang Penang Laadidg fir: 'SENTOSA ISLAND IIW 20/
      800 words
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      1025 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: nmmmAStur s"m run rtapua rwi irw. r*a ORIENTAL RESEARCHER 22 Mr 23 A#r II May IS Hay II Hay 17 Hay CHEVALIER MH Apr 29 Mr II Hay 21 Hay 23 Hay 24 Hay NEPTME CORAL 4 Mar 5 May 22 Hay 21
      1,025 words
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      600 16 EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT Tt. MiM R.iti«tf Pwhj ,m*mt tan > M, It Ptrt 11/11 Apr Blonj 2/5, CM <11 Lpool IS, Hburg 13 S. Rdim ICS. Antrp lt/5, LMi.re 20/5. Utn 22/5. I Milt It/21 Apr n/IJ Apr Hbur| 10/5, Cd'fl Uon 13,5. Rati* II 5, Bmen 21/5,
      600 words
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      815 16 t INTRASEA (PTE) LTD. M V UK VIMT V. Kim lECIUt WKKMIiT SCMI/FIU CMTAMCI SOVKC Tl EMPC S'pore P. Kcl«n| Pewf laaMai Fir "M.V. AEtIS BALTIC MM Mi la Part Vtoa/rdam/H'buri/ A'wrp. H VIMT 21 Apr M Apr A'»erp/R*d»«/H'b»rr|. lim I May 1 Nay M-scl(n/S'ton/rten/ H'hif|,C'bori. tcctpltaf Tkrwit* |'t/l tar
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