The Business Times, 24 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 MONDAY, APRIL 24, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Lim Kit Siang arrested
      81 1 Reuter MALACCA, Sun. Malaysia's chief parliamentary opposition leader Lim Kit Siang was arrested here today on five charges under the Official Secrets Act, police announced. They said Mr. Lim, secretary-general of the Democratic Action Party, was arrested on charges related to the purchase of four patrol
      Reuter  -  81 words
    • Article
      Lock icon Marcos' sugar bank
      68 1 AFP MANILA, Sun. A "sugar bank" ordered by President Marcos, will start on May 15 to extend crop loans to the ailing Philippine sugar industry, it was announced today. The bank's services will concentrate on sugar financing to enable the country to meet its increasing domestic needs
      AFP  -  68 words
    • Article
      Lock icon Commodities fund
      64 1 AFP. KUALA LUMPUR, Sun. Malaysian Minister of Primary Industries Datuk Amar Haji Taib Mahmud said today that some form of agreement could eventually emerge on the setting up of a common fund to stabilise primary commodity prices. Both developed and developing nations are moving away from their rigid
      AFP.  -  64 words
    • Article
      Lock icon Costly corruption
      69 1 AP. MANILA, Sun. Embezzlement and corruption by employees in government state-owned corporations cost more than 224 million pesos (about Ss67 million) last year, the Commission on Audits said today. In a report to President Marcos, the commission also said 825.9 million pesos in advances made to government employees
      AP.  -  69 words
    • Article
      Lock icon March jump for HK
      53 1 Reuter. HONGKONG, Sun. Hongkong's domestic exports for March reached HK12.86 billion (511.43 billion), representing more than 34 per cent increase over February, a government spokesman said today. The remarkable increase appears to be seasonal. Re-exports, totalling 9987 million showed a 27 per cent Increase over February,
      Reuter.  -  53 words
    • Article
      Lock icon Timber Week
      59 1 Reuter. KUALA LUMPUR, Sun. Malaysia will hold a "Timber Week" In Tokyo In September to promote Its timber and related products in Japan, the marketing director of the'Malaysian Timber Industry Board, Ahmad Nazlree, said today. The "Timber Week" from Sept. 11 to 14 would feature displays and discussions
      Reuter.  -  59 words
    • Article
      Lock icon More rice for Malaysia
      55 1 AP. MANILA, Sun. The Philippines has agreed to sell an additional 50,000 tonnes of rice valued at US$l6 million (5536.8 million) to Malaysia, the National Grains Authority said today. The new contract, to be signed tomorrow, brings total rice purchases by Malaysia from the Philippines this
      AP.  -  55 words
    • Article
      Lock icon Making a point
      64 1 Reuter BONN, Sun. West Germany's growth rate this year will be only about 2.5 per cent, one percentage point lower than the official target, the country's five leading economic research institutes have predicted. The institutes' latest six-monthly report, "'ue to be published tomorrow, said that the chances
      Reuter  -  64 words
    • Article
      Lock icon Strike deadline
      56 1 UPI TOKYO, Sun. National and private railway workers are headed for a general transport strike beginning on Tuesday to press their demands for substantial wage increases. The federation of national and private transport workers unions said today they would launch joint action unless the government and management respond
      UPI  -  56 words
    • Article
      Lock icon 'Talkathon'
      61 1 Reuter. LUXEMBOURG, Sun. The Common Market's agriculture ministers will make a determined bid to settle new 1978/79 EEC farm price rises in a "marathon" session starting here tomorrow. EEC sources said several tough problems make it more likely that the annual negotiations will end in failure after several days
      Reuter.  -  61 words
  • Article
    TOP TEN STOCKS
    117 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977/78. Turnover Price# High Low Company •ooo Apr 21 1978
    117 words
  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      73 1 April 17 April 18 April 19 April 20 April 21 tt BT Index: 781.32 799.60 807.24 801.69 833.91 Industrials: 299.24 300.38 304.14 304.41 303.96 f. Finance: 478.65 484.64 485.30 484.45 483.02 Hotels: 186.71 188.99 190.44 191.10 191.54 Properties: 171.42 172.32 174.02 173.27 174.18 t Tins: 141.66 141.73 141.64 141.69
      73 words
    • Article
      MALAYSIA
      80 1 April 17 April 18 April 19 April 20 April 21 tt BT Index: 1102.15 1124.92 1137.20 1221.50 1222.35 Industrials: 332.90 335.25 337.35 338.74 338.02 Finance: 404.85 412.50 412.13 411.51 412.24 Hotels: 191.58 192.78 193.84 194.01 194.05 Properties: 170.51 172.83 174.02 174.13 173.92 t Tins: 154.92 155.11 155.15 155.78 158.08
      80 words
  • Article
    Builders have to grit their teeth
    1197 1  -  ASSOCIATION PETITIONS MINISTRY Br COLIN CHEE THE Singapore Land Developers' Association Is expected to Issue a press statement over the next few days about a report on private housing development which it com-\ missioned from the Govern-ment-backed Applied Research Corporation (ARC) last year. The
    1,197 words
  • Article
    ASEAN-AUSSIE INDUSTRY TALKS
    146 1 THE FIRST industrial cooperation conference between Australia and Asean will be held in Melbourne from June 19, the senior Australian Trade Commissioner. T.N. Cronln, said in Kuala Lumpur yesterday. The three-day conference is one of the results of Australian Prime Minister Malcolm Fraser's discussions with Asean heads
    146 words
  • Article
    Lock icon Bank of Japan maintains it's fair to all
    483 1 Reuter. THE BANK of Japan has circulated to foreign banks in Tokyo an outline of central bank policies designed to clear up "certain misgivings (which) appear to exist that foreign bank branches are being treated unfavourably by the authorities as compared with
    Reuter.  -  483 words
  • Article
    Lock icon Rubber producers agree on draft
    174 1 Reuter LEADING Asian natural rubber producers have completed a single draft proposal for an international system to stabilise rubber prices. The draft will be submitted to the UN Conference on Trade and Development (Unctad) commodity talks in Geneva. The agreement, agreed to at an executive
    Reuter  -  174 words
  • Article
    Italian machine maker keen on plant set-up
    222 1  -  By Quek Peck Lim in Milan TRIULZI LTD, one of Europe's largest manufacturers of moulding machines, has expressed interest in starting a factory in Singapore, a result of marketing efforts by the Economic Development Board (EDB) Speaking to Singapore pressmen during a tour
    222 words
  • Article
    Head-start for local electronics industry
    531 1  -  ■y RONNIE LIM SINGAPORE'S electronics industry will be further beefed-up with the setting up of a magnetic tape-head plant by a Japanese company this year, the first production facility of its kind here. The company, Yokohama Magnetics (Singapore) has been granted a five-year pioneer status
    531 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      25 1 A lending hand when Wayfoong Mortgage you need and Finance (Singapore) Limited it ITIOSt Shjw House. Ground Floor. 354 Orchard Road. Singapore 9. Tel: *****7.
      25 words
    • Advertisement
      Page 1 Advertisements Column 2
      94 1 Trust Sony for your video With cu s t° mar y vision IBoolct and foresight Sony pioneered video equipment. Today, Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components DXC-1200P
      94 words
    • Advertisement
      Page 1 Advertisements Column 3
      65 1 mm SHIPPING TIMES GAS pricing compromise in US 3 MARKET reviews spree* WELCOME chance for produce and rallies 8 traders 4 CENTRAL clearing house date 10 SEASPEED to withdraw ro-ros 5 S'PORE Golf Assn Premier SEOW Yit Kin toll* all i-iiiy.V "ii BOOK reviews 7 Singapore..... 12 CROSSWORDS 3. AIRCRAFT
      65 words
    • Advertisement
      Page 1 Advertisements Column 4
      141 1 u Hapag-Lloyd Fully containerised to Europe and United States. Regular, reliable and on time. JAL FLIGHT 712: THE TOKYO EXPRESS w bLJO> i»r W, V>: > ,ki .< «4r* NEW YORK VANCOUVER SAN i FRANCISCO I HONOLULU 1 SINGAPORE MEXICO CITY Only on JAL can you non-stop to Tokyo, then
      141 words
Page thumbnail Page 2
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      1142 2 Financial Management SoktoftJcy/Otve Financial Management Robert \1 SoldofSky JiUi Garnet D Oln for have background economics, and statistics. The text deals with the institutions, problems, organizations, and analytical procedures that are unique to financial management. Although the text is strongly managerial and practical, it attempts to relate current theoiy to
      1,142 words
Page thumbnail Page 3
  • OVERSEAS
    • Article
      Self- sufficiency in oil setback
      508 3 THE downgrading of North Sea oil forecasts for this year are more disappointing for the British government than at first appeared. According to ooservers in London, although the fall appears relatively modest about 55 million to 65 million tonnes this year against 80-70 million tons
      508 words
    • Article
      Lock icon Ban such directorships
      247 3 Reuter A US SENATE committee study, in a searing criticism of the business establishment, has recommended that interlocking directorships between corporations with more than US$l billion (552.3 billion) in assets be prohibited. The study, by the Senate Committee on Governmental Affairs disclosed "an extraordinary pattern of concentration"
      Reuter  -  247 words
    • Article
      Miller confirms Fed's tighter monetary policy
      343 3 US FEDERAL Reserve Board chairman William Miller confirmed that the central bank has moved to tighten US money aupply and nudge interest rates up to combat inflation, the Chicago Tribune reported. Mr. Miller aaid in an interview with the paper that the board'* move
      343 words
    • Article, Illustration
      GAS COMPROMISE AFTER 20 YEARS
      1192 3 LEADERS of the US House and Senate Energy Conference finally reached agreement on Friday on natural gas pricing, an issue that Congress has tried repeatedly to resolve for more than two decades. The agreement, which still lacks the formal approval from the conference, came a
      1,192 words
    • Article
      Need for EEC to control wages
      177 3 SPECIFIC undertakings are needed from European trade unions and their members to control rates of wage increases if greater monetary stability is to be achieved in Europe. Giovanni Magnlflco, economic counsellor at the Bank of Italy, said the EEC's goal of greater stability requires
      177 words
    • WORLD IN BRIEF
      • Article
        Lock icon REINVESTING FUNDS
        429 3 Agencies THE Italian Foreign Trade Ministry said it plans to relax curbs on the reinvestment of funds in foreign securities bought before July 27, 1973, the date when a 50 per cent non-interest bearing lira deposit with the Central Bank was imposed on purchases of foreign securities. A
        Agencies  -  429 words
    • Article
      Premature to lift gold and silver hedges
      318 3 NEW YORK bullion analysts and commodity brokers feel it is too early to lift inflation hedges In gold and silver futures markets because the government's antl-lnflatlon measures may be ineffective In curbing rising prices this year. The precious metals experts said they believe
      318 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      36 3 M 4-.T" V ....w Wi^W kMrJiL* i#r*L 4r% BALLY OF SWITZERLAND -i •H S s rifln THE LEADING TAILORS A STORE OUTFITTERS HIGH ST CENTRE LUCKY PLAZA OCEAN BUILDING SUPREME HOUSE HILTON, RAFFLES HOTELS COLD STORAGE
      36 words
    • Advertisement
      Page 3 Advertisements Column 2
      269 3 t We re one of Singapore's youngest banks! Considering that the first account, established with us. is just four years old, we have already become a sturdy plant, firmly rooted in our garden city Fertilised by satisfied customers, who entrust their business to us and who come to us for
      269 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      624 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Gave the boy a dollar and cheered him up (6) 7 One that writes about drink? (8) 8 Did he live In one room? (4) 10 Err as pupils may do (4, 2) 11 Sort of vest to wear for a ball? (6) 14
      624 words
Page thumbnail Page 4
  • RAW MATERIALS
    • Article
      FOREIGN RUBBER
      347 4 TERMINAL rubber in London on Friday finished at or near the day's highs but still showed losses from Thursday night of 0.60 to 0.25 pence per kilo. Turnover totalled 219 lots of 15 tonnes Including 58 kerbs which featured five call options, plus seven lots of five tonnes.
      347 words
    • Article
      Straits tin
      230 4 THE STRAITS tin price on Saturday rose Ms2s to $1,551 per picul, on an official offering down 10 tonnes to 215 tonnes. In LONDON on Friday, tin on the day rose by C 125 for cash and t'7s for Three Months in both contracts. The market was well
      230 words
    • Article
      Palm oil
      86 4 C.I F North European ports, in US dollars per ton unless otherwise stated LONDON: Friday Previous Malaysia 5% ffa bulk per tonne June 602 sir 605 sir Sumatra 5% ffa bul* April unch 650 sir May 630 slr/625 pd 635 sir June 615 sir 612.50 sir July 590
      86 words
    • Article
      Coffee
      340 4 ROBUSTA futures closed officially irregular on local dealer sand Jobber weekend booksquaring in London on Friday. Losses at the close compared with Thursday night ranged from C5O to £21 per tonne. The market had opened 125 down to unchanged. Volume traded was 2,854 lots including 21 options. Near Months
      340 words
    • Article
      Cocoa
      222 4 TERMINAL cocoa in London on Friday closed £3 down to £14.50 up based on Thursday night. Turnover totalled 2.925 lots including 793 lots crossed and 18 options. Prices eased in afternoon trading partly against New York but finally moved up from the lows on weekend covering and general book-squaring,
      222 words
    • Article
      Sugar
      234 4 SUGAR futures closed £2.25 to £1.65 per tonne higher and turnover totalled 2,299 lots, Including 12 options. In London on Friday. Market sources said values fluctuated in a narrow range during the afternoon before closing around the day's highs on local book-squaring prompted by steadiness in New York. In
      234 words
    • Article
      Soybean
      223 4 CHICAGO soybean futures on Friday held gains at the close, although below the day's highs, but up 15V* to s'/i US cents a bushel. The market opened sharply higher, as expected, mainly in response to the smaller than expected USDA soybean stocks estimate, and reached the day's top early,
      223 words
    • Article
      Wheat
      193 4 WHEAT futures ended lower, closing at losses of 2% to 5Vi US cents a bushel In Chicago on Friday. Prices rose about two cents in early trading as speculative buying was encouraged by the sharp advance In soybean futures and aided by the smallerthan expected USDA wheat stocks estimate.
      193 words
    • Article
      Rice
      204 4 BANGKOK rice prices were quoted as follows on Saturday: (Prices In US dollars per tonne fob. basis Bangkok): White Rice: 100 pet Ist class 442. 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.
      204 words
    • Article
      Gold
      793 4 RENEWED rumours of forthcoming US gold sales > triggered a sharp sell-off in I New York on April 14 with the price level being depressed there by almost US$6.OO per ounce compared with the European 1 close. In the first half of last week, the market then traded unlnsplrlngly
      793 words
    • Article
      Copper
      398 4 COPPER wlrebars on the day rose by 14 for cash and 1'4.50 for Three Months in London on Friday. The market was steady during afternoon ring trading prompted by the trend In US futures with Three Months trading up to C7lO. But prices fell back on the kerb under
      398 words
    • Article
      Lead
      80 4 LEAD on the day rose by L' 4.75 for cash and 14.25 for Three Months in London on Friday. Values were steady during afternoon ring dealings but fell back on the kerb under liquidation following the dip in copper values. Three Months traded down to 1311 on the kerb
      80 words
    • Article
      Silver
      266 4 SILVER on the London Metal Exchange on Friday rose by 3.9 to 4.1 pence per troy ounce on the day. The afternoon market was steady in line with the movements in US futures but trading was slow. Prices on the morning pre-market were marked up at the outset reflecting
      266 words
    • Article
      Zinc
      76 4 ZINC on the day rose by L' 1.50 for cash and i' 2 for Three Months in London on Friday. Prices were steady during afternoon ring dealings but long liquidation developed on the kerb following the news that workers at the three major Belgian nonferrous metal companies had ended
      76 words
    • Article
      Welcome change for produce traders
      668 4 THE RETURN of buying Interests. both local and overseas. took the Singapore produce market to higher levels last week. Benefitting most from this resurge of demand were the pepper dealers. The white grades received better attention than the black ones. Consequently, all white peppers were
      668 words
    • Article
      Produce exchange
      274 4 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSINC PRICES PER PICL'L ON SATURDAY: Coconut oil: Bulk $82 sellers, old drum $87 sellers, new drum $02 sellers. Capra: Mixed (loose! UK/Cont. $55 buyers Pepper: Muntok ASTA white f.o.b 100% NLW $390 sellers. Sarawak white l o b. 96% NLW $370 sellers.
      274 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        245 4 THE RECENT sharp recovery in the New York Stock Market with a record volume of 63V» million shares traded gave a boost to the US dollar when it opened firm last week at the 2.03 level against the mark. The US unit was further propelled upwards when the
        245 words
      • Article
        Minimum lending rates
        64 4 THE PRIME rate of moat commercial banks in Singapore now atands at 7 per cent. Overaea-Chineae Banking Corporation ia atill offering 'i 1 T" 110 while United Commercial Bank ia maintaining ita prime rate at 7'« per cent. The atated prime rate of the bank ia the
        64 words
      • Article
        Asian $ rates
        287 4 Asian rates THE ACU market last week saw an upturn on Wednesday in New York when the Federal Reserve did reverse repurchase in overnight funds to hit a high of 6.86 per cent. Rates firmed by per cent and the market remained tight, reinforced by an increase in money supply
        287 words
      • Article
        Discount
        310 4 THE RECENT 5J575 million Government bond issue met with overwhelming response, resulting In the stocks being twice oversubscribed. The average successful tender price for the three-year stock at 100.58 gave a yield of 4.79 per cent, a level which was well below market expectation. The interbank market last week
        310 words
      • Article
        Euro $ rates
        123 4 Euro rates LONDON Eurodollar deposits on Friday closed steady around higher opening levels in quiet preweekend trading. Periods maintained opening gains of around 1/16 that followed the Increase in US money supply figures with few rate movements noted tt roughout the session. Ifciy to day rates maintained their firm undertone
        123 words
      • Article
        Zurich
        519 4 THE US dollar last week experienced a significant recovery Jumping from 1.8882 Swiss francs, 2.0353 marks and 219.87 yen to 1.9635 2.0755 and 225.60, respectively. The improvement of the dollar's exchange rates, appearing in outlines already in the second half of the previous week when it climbed from 1.8500
        519 words
      • Article
        Short term money
        50 4 FOR the week ended Friday April 21 the range of call rates received from Short Deposits (M) Berhad was as follows:- BANK FUND: 3\ per cent to 4% per cent. GENERAL FUND: 3 1 per cent to 4 3 per cent. Movements of fund totalled $443 million.
        50 words
      • Article
        London
        177 4 AFTER reaching peaks against the mark and the Swiss franc, the dollar ended mixed in trading against major currencies on Friday. Reports that Congressional conferees had reached a "gentlemen's agreement" on some aspects of natural gas pricing in the Energy Bill spurred a dollar buying rally that was already
        177 words
      • Article
        New York
        119 4 IN QUIET trading as operators sought to square positions before the weekend, the dollar finished little changed against most currencies on Friday. The Swiss franc ended virtually unchanged at 50.80/90 US cents after rising to 51.05 cents, while the mark was slightly stronger at 48.10/13 cents, compared with
        119 words
      • Article
        Lock icon Money market
        91 4 Source: Astley Pearce THE INTERBANK overnight market last week was moderately active on Monday when the result of the Government Bond issue was announced. Trading went up to 7 to 6'/, per cent but generallyeased off and maintained its level to close at 3* to 3 per cent.
        Source: Astley & Pearce  -  91 words
      • Article
        Frankfurt
        55 4 FRANKFURT exchanges closing quotes on April 21: U8 2 0780 0600 Can 1 8160/80 Stf 3 786/796 D fl 93 62/82 S Fr 105 60-106 10 Lit 2 385/395 F Fr 44.68/78 Yen 0 9195 <C05 B Fr I roil i 6 420 -415 H Fr Clint 6 ,n
        55 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      133 4 Call our Port Kelang or K.L. Office for any emergency repairs to your ships afloat at Port Kelang or Port Dickson. MSE has now extended its services for wider coverage beyond Johore. *****3 Port Kelang office ***** Kuala Lumpur office MALAYSIA SHIPYARD AND ENGINEERING SDN. BHD. Pasir Gudang, Johore. K.L.
      133 words
Page thumbnail Page 5
  • TRANSPORT
    • Article, Illustration
      Seaspeed turns ro-ros over to American run
      833 5  -  By CHAN BONG SOO KUWAITI-owned Seaspeed Services, operators of the largest roll-on roll-off (roro) fleet In the world, is planning to withdraw two, or possibly all three, of Its ro-ro vessels from the Singapore West Asia run In the near future, according to
      833 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      625 5 ARRIVALS Service Local Operator Number Time From SIA SQ103 1045 KUL SIA SQ209 1045 HLP MAS MH605 1045 KUL GIA GA944 1055 PKU GIA GA908 1100 MES GIA GA893 1110 AMS/FRA/BOM PAL PR501 1125 MNL RBA BI325 1155 BWN GIA GA982 1200 HLP SIA SQ240 1210 MES
      625 words
    • Article
      Industrial action deals a blow to Alitalia's recovery
      334 5  -  •y Quek Peck Lim in Milan INDUSTRIAL actios by Alitalia air crews have caused lone delays on all flights of the Italian state airline Passengers are subject to an hour's delay on the average. The action was taken by flight crews to
      334 words
    • Article
      Lock icon Bonn urged to ease owner's liquidity woes
      202 5 Reuter THE WEST German government should take measures to ease shipowners' worsening liquidity problems, caused mainly by the dollar's fall against the mark, the German Shipowners Association chairman Nikolaus Schuees said. Association members will not be able to meet debt service requirements this
      Reuter  -  202 words
    • Article
      Lock icon Three shifts a day for more speed
      140 5 Reuter. THE Buenos Aires Port Captaincy, in a move to speed up movement of grains in ports, has ordered a three-shift working day, from Monday to Saturday. Export and shipping sources estimated that at least 50 vessels are held up in Buenos Aires
      Reuter.  -  140 words
    • Article
      Lock icon A SHORTAGE OF NY FREIGHT CHECKERS
      121 5 Reuter. THE Waterfront Commission of New York harbour said it will continue negotiations this week with union and management officials over the shortage of freight checkers in the port. Executive director of the commission Leonard Newman met representatives of the International Longshoremen's Association and
      Reuter.  -  121 words
    • Article
      Surcharge increase
      58 5 MEMBER lines of the Association of West India Trans-Atlantic Steam Ships said the Port of Spain congestion surcharge will be increased for west and east-bound traffic to US$lB per freight ton net, from $15.2, from May 1. The increased surcharge will apply to all vessels commencing: to load
      58 words
    • Article
      Stiffer rivalry
      172 5 SINGAPORE shipyards have been enjoying a field day in converting ships for the past two years but things may change very sooo. One of Japan's largest shipyards, Hitachi Zosen, has been eyeing this market and has established a Ship Conversion Planning Department. This is a clear indication that
      172 words
    • Article, Illustration
      SHIPS IN PORT
      375 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Prlnsendam 0600 (after American Chieftain) 3/4 Sibonga (after Jade Bay (Draft 9.7 m) 5/6 Perils (1400 after Straits Hope) 20 east Rajah Brooke (0600 21 Mandalay (after Temburong) (Req. Ramp) (Subject Free Board) 22 Golden Globe (0900) 38/39 Moresby Express (0600) 40/41
      375 words
    • Article
      Lock icon Boeing decision in June
      182 5 Reuter. THE British government will not decide until June whether state-owned British Airways can proceed with its planned purchase of 19 Boeing 737 jet liners, airline sources said. Aviation sources had been expecting a decision at the end of last week. British Airways favours the Boeing
      Reuter.  -  182 words
    • Article
      Lock icon LONDON FREIGHT
      170 5 UPI. BUSINESS remained heavily weighted in the Western Hemisphere and concentrated in the time-charter section where grain companies continued to book tonnage alongside liner operators. Dreyfus took the 28,281 dwt Benhlant at U554,600 per day for one Great Lakes round voyage after prompt delivery In Gibraltar, while Continental
      UPI.  -  170 words
    • Article
      Yacht contract
      67 5 CALMARINE, a local shipyard, recently won a contract to build a trawler yacht costing $500,000. The 23-metre yacht is to be built to an American design. The owner is Sea Voyages International, a US company based in Seattle, Washington. Construction on the yacht will take 10 months. CalMarlne
      67 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      18 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL: *****5 CITY TEL *****55 -f Coll us for your local or onward reservations
      18 words
    • Advertisement
      Page 5 Advertisements Column 2
      46 5 ATTENTION! BUSINESS TIMES READERS An informative brochure will be distributed by the vendor with your issue of The Business Times this morning. We hope you will take the time to read it. And to act on the special offer it contains. THE ASIAN WALL SIREET JOURNAL
      46 words
Page thumbnail Page 6
  • REVIEWS
    • Article, Illustration
      No delicate, nervy concert artiste
      1384 6 PAT GOH TALKS WITH PIANIST SEOW YIT KIN I HARDLY thought that the next time I met Seow Ylt Kin, I would be Interviewing him, for we are old friends and "grew up" together, musically speaking, both playing in my Dad, Ooh Soon Tloe's orchestra.
      1,384 words
    • Article, Illustration
      GOOD GUITAR TECHNIQUE
      503 6  -  »y JOE PETERS THE GIFT of good musicianship and guitar technique was very evidently demonstrated by the students of guitarist Mr. Robert Luse, in a performance at the Singapore Conference Hall on Thursday. Performing to an almost full house, his students played with a higher musical maturity
      503 words
    • Article, Illustration
      Lock icon A sizzling concoction
      318 6 WLK JUST like the drink after it was named, the Staye Club's "Singapore Sling" was a sizzling concoction of everything songs, dances, comic sketches, the lot. The three-day revue ended on Saturday. Items that stand out in my memory are "Metrication" by Pam Ayres, "Sine Song" by
      WLK  -  318 words
    • Article, Illustration
      Entertaining yet serious
      656 7 The Billion Dollar Bubble and other atones from the Asian Wall Street Journal Seth Lipsky (Editor) Dow Jones Publishing Company (Asia) Hongkong 1978. SfB Reviewed by Siva Arasu IT IS always annoying to be told what to think about a book. So It was a most delightful
      656 words
    • Article, Illustration
      Young chess players show their strength
      604 7  -  LIM SENG HOO TfOUNG players triumphed over their older counterparts In the Just-completed thirtieth Chess Championship of Singapore. Xhe tournament which wtfs sponsored by OverseaChinese Banking Corporation OCBC) and Singapore Airlines (SIA) was held daily from April 1 at High Street Centre and ended
      604 words
    • Article, Illustration
      Lock icon THE AMUSING SAGA BEHIND THIS SAUCE
      1195 7  -  By CRAIG CLAIBORNE NYT THERE are certain names in the world of wine and food that are inextricably linked. These pairings include Moet and Chandon, Fortnum and Mason, Cross and Blackwell. Another pairing indelibly inscribed on the gastronomic roster is Lea and Perrins, makers
      NYT  -  1,195 words
    • Article
      Lock icon More questions than answers
      1128 7 New Directions quarterly. The Electronics Industry in Singapore Pang Eng Fong and Linda Lim, Chopmen Enterprises, 1977 Reviewed by Hong Hai, Dept of Business Administration, Univ. of Singapore THERE are many myths about the electronics Industry in Singapore. They vary from the notion that the industry
      New Directions quarterly.  -  1,128 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      674 6 1+ dine... V w L sinGapura FORUM HOTEL Cockpit %oit\ OXLEY RISE/PENANG ROAD, SINGAPORE 9. TEL: *****1 181 Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites.
      674 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      823 6 I LEISURE TIME FILMS: THE CONTROVERSIAL French film producer Jean-Luc Godard, best known of late for virtual political tracts on celluloid, can be viewed in one of his more llghthearted phases tomorrow, 9pm at the RELC building, Orange Grove Road the French Embassy and Alliance Franchise will be presenting free
      823 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      272 6 TV RADIO SINGAPORE 5 3.00 PM Opening announcements followed by Nalla Warn (Tamil-Re-peat) 0 3.30 Diary Of Events (Tamil) 3.35 Afternoon Matinee The Scarlet Hour (Pt. 1) Starring: Carol Ohmart, Tom Tryon, James Gregory 4.20 Intermission 6.ooOpening announcements followed by Land Of The Lost (Last Episode) 0 6.30 News in
      272 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      309 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING'S HOTEL Havelock Road, Singapore 3 Tel: *****1 CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** LION CITY HOTEL 15 Tanjong
      309 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      53 7 I BriStoW: Rank DicSeas w S©OOu*J VfoO'fiC. kqCX'HG I've Just wp\D some Rpovieß SMPOTti?*<G f\APP«£KrL\| TvjeftiE. oflEi4€D f\ Berr.MG SHOP 04 Tut D€GMXH& BND D€C*DO*T, 1 CPU. IT.. C"Q\Li cs^ TbDBVs SIhHWWbS, JONES ptfe. Tne OOR FCXXbMT^ ILL TCLL >pu. Tfcpma6D UND€JSfOOT BY R fISgOMSSNfe SOOCTN/ »T»S FoC Mbu p*
      53 words
Page thumbnail Page 8
  • MARKET REVIEWS
    • Article
      Buying activity lifts shares higher
      1276 8  -  •y GOH HIANG FONG A FRESH wave of buying across the board of the Singapore stock market last week carried it to higher grounds with gains of more than 10 cents being very common. This was one of the most active weeks in the history
      1,276 words
    • Article
      Company News for the week ended April 21
      444 8  -  Coiwpilid by Ten Teck Weng SCRIP ISSUE «X M muuon OTHERS SOUTH JOHORE AMALGAMATED HOLDINGS has subscribed to the fullv luuml sidfary UP capital ot *****11 Johore Agencies, making the latter Its wholly owned subE f^ R Qo oL mD y STRIES
      444 words
    • Article
      Consolidated Goldfields most actively traded
      1034 8  -  LONDON ■r GERALD COLVERD THE opening of traded option business in the London market last Friday listed the stock of Consolidated Ooldfields as the most actively traded counter The group has its earnings sources neatly split between gold mining Investment and the UK construction industry.
      1,034 words
    • Article
      Lock icon Rally a case of spontaneous combustion?
      787 8 NEW YORK NYT •SPONTANEOUS combustion" that's how one Wall Streeter last Monday tagged the stock market's rally, looking over his shoulder at the eye-popping session of the previous Friday when the Dow Jones Industrial average vaulted nearly 20 points on the breath-catching record volume
      NYT  -  787 words
    • Article
      Profit-taking pares off early gains
      418 8 TOKYO THE Tokyo stock market closed out with scanty gains last week after profit-ta-kers shaved most of its solid early advance which had lifted the Dow Jones average at yet another record high. The Dow, a 31.53-yen loser the previous week, edged up 4.49 to
      418 words
    • Article
      Market picks up strength
      526 8 HONGKONG FROM a dull and lifeless start last week, the Hongkong market gradually picked up strength to close at the high of the week, bouyed by the strength of the American market, renewed support around 430 on the index, a shortage of stock and speculation over
      526 words
    • Article
      KUALA LUMPUR Bullish support focuses on certain issues
      722 8 BULLISH support focused on selected Issues admlst generally buoyant conditions made for a very steady market last week. < Throughout the week, the market was a hive of activity with dally turnover well above the four million unlt mark, suggesting heightened participation
      722 words
    • Article
      SYDNEY. . .BHP up
      265 8 SYDNEY. .BHP up THE Sydney share market ended the week with an easier tone compared with the good gains early last week. BHP rose to a yearly high of A 56.48 at one stage after the announcement of the increased dividend at the end of the previous week. Like other
      265 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      133 8 txe* o« e study with WblsevHall OXFORD Institute of Administrative Management Institute of Bankers Inst of Chartered Secretaries Administrators Inst of Statistic ans London Cham6er of Commerce Industry HSC/GCE A Level MCE/SCGCE O Level London AEB GCE A O Levels Modern Mathematics for Teachers Foulks Lvnch IXJNDON Ass of Certified
      133 words
Page thumbnail Page 9
  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Dunlop Int'l moves to Zurich
      242 9 EUROPEAN COMPANIES UK. LONDON: Dunlop International. owned 60 per cent by Dunlop Holdings of the UK and 40 per cent by is moving its base from England to Zurich. The company holds Dun- lop's investments in the US, '.South Africa, Nigeria, and elsewhere overseas. Its
      UK.  -  242 words
    • Article
      Lock icon Royal Dutch expects better first quarter
      541 9 Reuter THE HAGUE: Royal Dutch/ Shell group president Dirk De Bruyne said results in the first quarter of 1978 should be better than in the fourth quarter, when net Income was C 287 million. Presenting the 1977 trading report, he said margins in the
      Reuter  -  541 words
    • Article
      Options Exchange satisfied
      213 9 AMSTERDAM: Total turnover on the European Options Exchange (EOE) in the first full week of trading was just over 3,000 contracts. An EOE spokesman called this a satisfactory level, though a daily turnover of 7,000 is regarded as break even by the exchange. Daily turnover ranged between
      213 words
    • Article
      Scanning system: Plessey hopes to participate
      216 9 LONDON: Plessey Co Ltd said it is disappointed that the International Civil Aviation Organisation (CAO) has rejected its Doppler microwave landing system. However, it hopes to participate in the manufacture of the US time reference scanning beam system. The ICAO voted in favour of
      216 words
    • Article
      Toyota sets pace in industry
      440 9 ASIAN COMPANIES TOYOTA, Japan's largest auto manufacturer, continued in 1977 and early 1978, to set a series of firsts in the industry. The organisation, run by two independent manufacturing and sales companies. Toyota Motor Co. and Toyota Motor Sales Co.. also lays claim to being
      440 words
    • Article
      Mitsui unit venture
      64 9 TOKYO: Mitsui and Co Ltd said its wholly-owned European subsidiary, Mitsui Europe, and International Corn Corp of Belgium will establish a joint venture in Rotterdam this month to handle EEC grain imports. The new firm. Mit Corn NV. will be capitalised at 100,000 guilders, shared equally by
      64 words
    • Article
      Lock icon Tokyo Electric's reactor study
      146 9 Reuter TOKYO: Tokyo Electric Power Co Ltd said it is studying possibilities of importing pressurised water reactors (PWR) from West Germany's Kraftwerke Union. Power industry sources said the company is showing interest in the Kraftwerke Union's reactor because it is easy to overhaul and has developed
      Reuter  -  146 words
    • Article
      Kobe Steel wins order
      102 9 TOKYO: Kobe Steel Ltd said it received a 30 billion yen order from Ste Arab Des Industries Metallurgiques (Samia), a Kuwait-Mauri-tania Joint venture company. to build an iron ore palletising plant in Mauritania by 1981. The plant, with a capacity of two million tonnes of pailetised
      102 words
    • Article
      Partners test well
      56 9 MELBOURNE: The Esso Exploration and Production Australia Inc/ Western Mining Corp Ltd partnership said they are preparing to production test the interval 3,367 to 3.382 metres in the Houtman No 1 well offshore Western Australia to help determine reservoir and formation fluid characteristics. The well is at
      56 words
    • Article
      Lock icon HSBC to benefit Marine Midland
      138 9 Reuter MARINE Midland Bank's chairman Edward Duffy told the annual meeting that the company sees broadened opportunities brought about by a substantially Improved capital base throughs Its afrillcatlon with Hongkong and Shanghai Banking Co. He added, however, the company's basic goal Is to continue to
      Reuter  -  138 words
    • Article
      Lock icon Pogei will drill more wells
      109 9 Reuter MANILA: Philippine Oil and Geothermal Energy Inc (Pogei) will drill three more wells this year. Vice-president Jesus Galang said one will be in the Visayan Sea, Central Philippines, a contract area covering 422,500 hectares where the first exploration well was drilled by Pogel in
      Reuter  -  109 words
    • Article
      Boral raises stake
      79 9 SYDNEY: Boral Ltd said it brought 50.300 Australian Gypsum Industries Ltd shares at A 52.20 each, raising its Gypsum stake to 12.96 million shares of 50.1 per cent to the 25.87 million on issue. As previously reported, Boral proposes to offer $2.22 cash for each 50 cent
      79 words
  • INTERNATIONAL STOCKS MARKETS
    • Article
      TOKYO
      458 9 PRICES closed slightly higher on Saturday as revived interest in blue chips pared an initial fall. The Dow Jones average rose 5.75 points to close at 5,'08.04 with volume 160 million shares. The New Index closed at 411.74, down 0.90. Some high-priced shares rose with Pioneer rising 90 to
      458 words
    • Article
      Selected indices
      35 9 FINANCIAL TIMES INDUSTRIALS Friday 455 0 Thursday 454.8 Week Ago 447.4 DOW JONES AVERAGE INDUSTRIALS Friday 812.80 Thursday 814.54 Week Ago 795.13 LONDON DOLLAR PREMIUM Friday 107 to 107' > Thursday 107'i to 108
      35 words
    • Article
      Amsterdam mixed
      336 9 EUROPEAN MARKETS l a SHARE prices in AMSTERDAM closed mixed last Friday following overnight firmer Wall Street prices. Akzo. Royal Dutch and Unilever firmed, while Hoogovens and Philips were lower in Dutch internationals. Shares with losses over one guilder Included ABN. Gistbrocades and Naarden State loans edged lower.
      336 words
    • Article
      Amsterdam
      234 9 APR 21 ns ABN 352 50 -2.5 Ahold 100 00 +2 Akzo 25 50 +0.5 AMEV 83 80 +0.3 Amfas ***** -0 2 Amrot Bank 76.10 -0.7 Bergoss 56 40 +0.2 Berk 89 50 -0.4 Bote 70 00 -0 5 Borsumij 150 00 -1.5 Burhmann 67 70 -0 3
      234 words
    • Article
      Brussels
      94 9 APR 21 Frs FORWARD MARKET Acec 279 +12 Arbed 2060 10 Astur 676 38 Brascan 466 +6 Bru-Lamb 1575 unch Canpac 502 Cock 382 +6 De Beers 155 unch Ebes 2455 -10 Elect robel 6340 ♦20 Gb-Inno-Bm 2115 -5 Gev 1400 ♦22 Hobok 2545 ♦25 Petro 4250 unch Ryl
      94 words
    • Article
      Frankfurt
      231 9 APR 21 Dm Aef-Telefunken 8570 -0 4 Akzo 24 30 ♦0.6 Allz Leben Allz Vers 466 -10 BASF 136 80 ♦0 3 Bay H T Wbank 282 unch Bay Vbank 305 -3 5 Bayer 137.80 ♦0.3 BBC 288 50 ♦0 5 BMW 215B Cassella 365 unch Chem Verw 238
      231 words
    • Article
      Milan
      104 9 APR 21 Lire Ante 90 25 -0 75 Assoc Gen ***** 460 Bastogi 403 5 Centrale 3410 ♦80 Fiat 1920 ♦•1 f Insider 78.75 -4 75 Gen Immob 75 75 -0 75 IFI Prl 2065 4 Iialcementi ***** ♦■130 It.Ugas 625 -5 Italxider 145 -3 25 Magneti M Pf
      104 words
    • Article
      Paris
      292 9 APR 21 Frs CORBEILLE Alr-Liqulde 310 *6 B S N Gervais Danone 495 ♦4 CS F (ThomsonCsf) 237 90 3 9 Cie Francalse desPetroles 129 70 ♦4.8 Compagnle Flnanclere Compagnle Generate 382 50 ♦3 5 Credit Fonder De France 335 1 Harhette (Libralrle) 188 80 10 8 Machines Bull
      292 words
    • Article
      Zurich
      182 9 APR 21 Francs Actions Suisse* 267 v* V. Alusulsse Br 1140 -50 AlusuisseReg 525 -15 Brown Boverl Br 1585 -10 ClbaGeigy Br 1165 -15 Clba Gelgy PC 860 -10 Ciba Qeigy Reg 650 I Credit Suisse Br 2175 ♦5 Credit Suisse Reg 418 -1 Elektrowatt Br 1610B unch George
      182 words
    • Article
      Toronto
      204 9 APK 21 C» Abitibi 12*. Alcan 30 -1 Algoinu 19'. Bank Mont 20 Bank Nova Scotia Bell Tel 55 Beth Corp BP Can Ltd 15'. Brascan 16'. Camp Red Lake 32'. S Can Imp Bk 28'. Canpac 18'« Canpar Inv PI 16B unch CarlingO'Keefe 4 Coininco 27-4 Cons Bath
      204 words
    • Article
      Jo'burg
      294 9 APR 21 Rand INDUSTRIALS A Alpha 100 unch Abercom 173 -9 AE And CI 243 unch AMIC 840 -40 Barlows 350 unch Cg Sugar C'NA 615 120 B 15 C'urrie Finance 65 l>e Beers Ind 875B Edcon 180 Edgars 2100 -100 Eveready 170 Fed Volk 135B Fugit 76 Gardlan
      294 words
    • Article
      Prices weaken
      879 9 NEW YORK THE stock market drifted lower In active trading last Friday, reflecting fears of rising Interest rates. Prices began weakening after the opening In response to the Federal Reserve's report late Thursday of a big rise In the US money supply. But the decline might have been
      879 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      208 9 Information for busy executives <? m o/ .ji i." > 4-i **Si <*0 C f:V mmrt < ,j: ASEAN textiles; sew Abo and Malaysian attitudes to rural development The latest issue of the ASEAN Business Quarterly contains, inter alia, a survey of Thailand's investment policies an account of their revised
      208 words
Page thumbnail Page 10
  • COMPANY NEWS
    • Article
      Clearing house may operate next year
      760 10  -  r Market Talk... GOH HIANG FONG THE newly set up Securl£s Clearing and Computer rvlces, an ancllllary organisation of the Stock Exchange of Singapore, will receive computer programmes prepared by the International Business Machines during the middle 6f this year. > A test-run will
      760 words
    • Article
      Plantation Hldgs hit
      87 10 LOW harvests in Malaysia due to bad weather will have an effect on first quarter performance, Plantation Holdings Ltd chairman K.R. Cork told the annual meeting. The growth rate of orders which has continued to slow from the final 1977 quarter has had its effect on sales
      87 words
    • Article
      BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4, 1971 – 100)
      163 10 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4, 1971 100) IS77/78 Week's Action High Low Industrial Group Week Ended Point f April 14 April 21 Changr 269 96 145 90 Automotive 261.08 269.96 +8.88 496 57 328.67 Banks. Insurance. Finance and Trustees 364.32 367 21 +2.89 186 3] 135
      163 words
    • Article
      Matsushita top manufacturer in Malaysia
      267 10 MATSUSHITA Electric Company (Malaysia) Berhad has invested a total of Ms 24 million in Malaysia since its establishment in the country 12 years ago. This augured well for an organisation which, from a humble start catering to the domestic market, had become a gigantic corporation
      267 words
    • Article
      DIVIDENDS ANNOUNCED
      699 10 Current Ek Book* Date Total for Total for payment Date close payable the year previous year K.L. Kepong Deb 6 25%(g) Apr 7 Apr 19 Apr 25 104% G.E. Life 22%<k) Apr 17 Apr 24 Apr 27 33% 29% A. Enterprise Talam Mine* 10%<n) Mar^l Apr 12 Apr
      699 words
    • Article
      SCRIP ISSUES
      184 10 Company Particulars Books Close Ex Date Sime Darby Kramat Tin United Overseas Bonus Issue of 1 for.1 Bonus Issue of 1 for 5 May 4 May 10 Apr 26 Apr 27 Bank Bonus Issue of 1 for 10 May 6 Apr28 May 23 Straits Steamship Bonus Issue of
      184 words
    • Article
      COMPANY MEETINGS
      175 10 Ajinomoto (M) Bhd: AGM to be held at miles, Simpang Salak. South Baharu, Kuala Lumpur, at 9.00 a.m. on April 25. City Developments Ltd: AGM to be held at 24th Floor, Hong Lpong Building, 16. Raffles Quay, at 10.00 a.m., on April 27. Great Eastern Life Assurance Co.
      175 words
    • LATEST RESULTS
      • Article
        SIGMA METAL:
        32 10 Pre-tax profit: $448,193($438,165)on turnover of $11.30 million (10.13 million) for the year ended Dec 31, 1977. Net profit $314,193 ($438,165) First and final dividend: Five per cent tax exempt (nil).
        32 words
  • Article
    SHARE INFORMATION SERVICE
    2627 10 I97H Hitch Low Company Last Safe Gr'» Gr'« Net Week Div Dtv Y'ld P/E +or- Cvr Week Vol Week CMOt Hi«h Low SECTION ONE INDUSTRIALS 181 132 Ac ma 213 123* Alcom 137 112 Allied Choc 225* 195* Bata 72V, 60'i Ben 247 191 Boustead 183 144
    2,627 words
  • Article
    CHICAGO BOARD OPTIONS
    1721 10 April 21 ON the Chicago Board Options Exchange, a total of 177,091 contracts were traded last Friday, compared with 250,972 on Thursday. OPTIONS APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AtlR AtlR AtlR Avon Avon-P Avon Avon-P A* on Avon-P
    1,721 words
Page thumbnail Page 11
  • MONDAY SPORTS
    • Article, Illustration
      Lock icon Gary Player is just an unbelievable player
      867 11 The Observer. LONDON: On reflection, the wonder of Gary Player's winning last round In the Masters was not that it was so low but that it was as high as 64, a mere eight under par. On three holes he left himself the
      The Observer.  -  867 words
    • Article, Illustration
      Lock icon What ails British soccer spectators ?
      1217 11 What ails British soccer spectators NYT. LONDON: During a soccer ?ime between Brighton and ottenham Hotspur last week, the teams had to take refuge In their dressing rooms for 14 minutes while the police cleared cursing, brawling spectators from the playing field. Last month, a 14-year-old boy was wounded by
      NYT.  -  1,217 words
    • Article
      Lock icon New bunch aims to make waves for US in Moscow
      942 11 NYT NEW YORK: In pursuit of a scoop of chocolate mint Ice cream or a hot fudge brownie delight, Tracy Caulklns is all smiles. When it comes to chasing an American record in swimming, however, don't bother looking for any
      NYT  -  942 words
    • Article, Illustration
      Seletar hand Keppel a thrashing
      828 11  -  By ERNEST FRIDA RUDY Richards, the former rugby international celebrated his return to the Seletar Golf Club team with an impressive seven-over-par 75 against arch rivals Keppel In the Singapore Golf Association Premier League at Seletar course yesterday. Seletar thrashed Keppel by 14 strokes. The
      828 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      588 11 q* OVERSEAS UNION BANK LTD. (INCORPORATED IN THE REPUBLIC OF SINGAPORE I ANNOUNCEMENT NET PROFITS FOR THE YEAR ENDED 31 DECEMRER 1977 The Directors of the Bank are pleased to announce the following audited net profits for the year ended 31 December 1977 after providing for taxation, making transfers to
      588 words
Page thumbnail Page 12
  • Article
    Lock icon Swapping dollars for SDR proposal
    1210 12 Reuter. AP AN INTERNATIONAL proposal to defend the US dollar by swapping unwanted dollars for so-called paper gold will be put forward during high-level meetings of the International Monetary Fund in Mexico City. The United States is taking a neutral attitude towards the plan publicly,
    Reuter.; AP  -  1,210 words
  • Article, Illustration
    MANUFACTURING IS MAIN EMPLOYER
    640 12  -  By SOH TIANG KENG MANUFACTURING Is Singapore's largest employer, absorbing 27 per cent of the total labour force of 903,900. Commerce (23.5 per cent) comes next followed by community and social services (22.6 per cent), transport and communication (11.7 per cent) and finance, real estate and
    640 words
  • Article
    PNG won't be self-reliant for some time
    217 12 PAPUA New Guinea will continue to depend on large amounts of financial assistance until it becomes fully self-reliant. The World Bank, in its publication "Papua New Guinea: Its Economic Situation and Prospects for Development." said that although the country has become politically independent
    217 words
  • Article
    France will contribute to special ADB fund
    289 12 FRANCE agreed on Saturday for the first time to contribute to a special fund set up by the Asian Development Bank to finance cheap loans for some of Asia's poorest countries. But participants to a meeting in Vienna of countries putting up money
    289 words
  • Article
    Sharing sea's riches
    103 12 THE US is prepared to give the rest of the world, particularly developing countries, half of the profits made by American mining companies from the potential mineral wealth beneath the world's oceans. US sources said. The sources, senior members of the US delegation to the ongoing United
    103 words
  • Article
    Cooperative is sitting comfortably
    233 12 THE NTUC workers' transport cooperative. Comfort, is fast developing greater depth. Established eight years ago. Comfort now plays a significant role in the public transport system with government support. According to the latest issue of the Mirror, a weekly publication of the Ministry of Culture, Comfort
    233 words
  • Article
    China gears up for big leap in computers
    240 12 CHINA will become a world leader in computer manufacturing in the near future, according to the 1978 edition of Asian Computer Yearbook. In spite of its late entry into modern electronics. China's technology could rival that of the most advanced countries of
    240 words
  • Article
    Kowloon Electric gets $890m loan
    176 12 A CONSORTIUM of 17 banks has extended US$39O million (SSB97 million) the largest guaranteed by Britain's Export Credits Guarantee Department to Kowloon Electrir Supply Company. The loan, signed in London recently, carries a ftxed interest of per cent and 13 years maturity. A London merchant
    176 words
  • Article
    Three courses by the NPB
    202 12 THREE courses will be organised by the National Productivity Board in the next two months. Two of them, from May 8 to 19. will be at the board's town training centre In Ramada Hotel. The first course is on production, design and maintenance of hydraulic
    202 words
  • Article
    Lock icon US reveals oil price pledge by Saudis
    777 12 Reuter. SAUDI Arabian energy officials have promised to continue to oppose any increases in oil prices through 1978. despite mounting pressures to raise prices at June's Opec meeting. This is revealed in a congressional report made public over the weekend. It was written
    Reuter.  -  777 words
  • Article
    Lock icon Bills on overseas income faulted
    424 12 AP TWO BILLS aimed at reducing US taxes on income earned abroad would make it more attractive for Americans to work overseas, the US Library of Congress said over the weekend in a study of the legislation. It was released by Senator Edward Kennedy who
    AP  -  424 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      104 12 European Asian Bank Six Years of Growth in millions of DM 1972 1973 1974 1975 1976 1977 Total assets Business volume Credit volume Deposits Capital and reserves Net interest income Taxes Dividend 665 896 796 1,117 572 720 377 389 1.088 1,416 1,392 1,858 845 1,101 969 1,291 (10%) (10%)
      104 words
Page thumbnail Page 13
  • Article
    SHIPPING TIMES
    3179 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 Une Involved, and the estimated dates of arrival and departure from Singapore port. t mm ScanDatch baa a Joint service arrangement
    3,179 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      463 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore: Tel. *****, Port Kelang: Tel. *****1, Kuala Lumpur Tel *****. Penang: Tel ***** SHIPPING S Seatrain I liM u 1 Container Service Tc Seatraiii train Centort *-47 I*l Far* *17 Lines Inc (USA) Trans Pacific Service OA*
      463 words
    • Advertisement
      Page 13 Advertisements Column 2
      383 13 SMARJAH SHIPPING CO. LTD iV *Xr* (UNITED ARAB EMIRATES) m fIHU SHIPPinG UfK (UNITED *MB EMIRATES) Spore AMll 4/7 lum AMU 27/ IB My P Kelang Ptnang 1/10 Jwm 18/1 Au( lending lo' Ovkai/Afca Oka* Dakai/Aba Ohaki FAR EAST ARABIAN LINE It IOI»T SLAVIC! OF SHAAiAM SMIPPIkt SWAAJtM) CUD ItAB
      383 words
    • Advertisement
      Page 13 Advertisements Column 3
      373 13 STRAITS TRANSPORTATION PTE. LTD. COMPANIA NAVIERA MARASIA, S.A. FULL COMTIINEBHIP UIVIC( TO AM) FBOM BARCELONA DfSCMKMtf LOMHM BARCELONA P HUM S PORE S PORE P. LANG BARCELONA montbumC MARK Mar 27 lnNrt 1 NIPPON ICA liiPwt Apr2S Mi, 10 LAURO/VICEROY/GLOBAI JOINT SERVICE REGULAR :MOCP€MOCNT MONTHLY DIRECT SERIICE TO «MM LAGOS
      373 words
    • Advertisement
      Page 13 Advertisements Column 4
      443 13 r O.) EVERGREEN LINE RED SEA. MEDITERRANEAN SEA SERVICE ETA S'PORE LOADING FOR EVER HONESTY MAT 5 PORT SAID. LIMASSOL. Voy IS4N BENGHAZI. JEDDAH EVER PROMOTER IUN 26 Voy. 16W GENERAL AGENTS: CHIF JEDDAH. PORT SAID. LIMASSOL GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD., 131, ROBINSON ROAD, SINGAPORE, 1. TEL:
      443 words
    • Advertisement
      Page 13 Advertisements Column 5
      24 13 Regular Liner Services To/ From All Parts of the World. Singapore: Tel. *****, Port Ketang: Tel *****1, Kuala Lumpur Tel. *****. Penang: Tel. *****
      24 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      704 14 SHIPPING Hapag-Lloyd FUUY CONTAINERISED TO EUROPE Hm( KM( Lhk*U CilTrfUMwt bMknlln Mann Eqnu EXPRESS CONVENTION TO EUROPE Mm Bkfcmrs 11 5 B*»< 18/6) FULLY CONTAINERISED TO USA/CANADA fmtm P.lUiMfS'pwt HK Matnfant bnplln 27/4 29/4 3/% Hat r 14/5 31/5 2/6 Kamkanilara 3/5 5/5 9/5 tipress BmWw 10/5 12/5 16/5 "l
      704 words
    • Advertisement
      Page 14 Advertisements Column 2
      833 14 a SANKYO LINE] AUSTRALIA SERVICE P- Mm| Sinfoport Loadinj for MAT CARP 11l PORT SAILED FHM. AOEL. MCL SYD KYOTEN MARU Apr 30/30 Apr A DEL. MEL, SYD LOGISTIC ACE S/CMay 7/1 May AOEL. MEL. SYD MAY BREEZE 14/1$ May 12/13 May BRIS, SYD. MEL BANGLADESH SERVICE MAY BREEZE 21/21
      833 words
    • Advertisement
      Page 14 Advertisements Column 3
      569 14 SEA jLAND U.S.*./ ASIA SERVICE OCT REFRtURATED CONTMW* URIQ SAILING HWV WEDNESDAY FOR PORTS I* USJ iCANAOA. CAMKAW. MTM. HMO. TMNM HONS ROM. THRIUMO AM PtHUPPIKS... 40TH FLOOR HONG LEONG BIOG 16 RAFFLES QUAT SINGSPORE 1 Customer Ser»ice Booting 2225??? Terminal ?57P?53 ?*****7 FULLY CONTAINERISED SERVICE Go one better to
      569 words
    • Advertisement
      Page 14 Advertisements Column 4
      1093 14 Everett Lines/ w I fUDiHC BuMM r rng Aa Pnntfl Durmi rnrv aiir uorpn 'BURMESE NATIONAL LINE" LOADING fOR Rangoon Smfapore pHASMKCTaarw < a/* Apr BFS S C Agent* in Malaysia TEPS MALAYSIA Port Kekjog Trf (38J-7355 P«nang Tel *****/***** CompMNt An—li— Do IwiyiH llwciniwul >. A. C.I. F. "ARGENTINE
      1,093 words
    • Advertisement
      Page 14 Advertisements Column 5
      589 14 JARDINI —AM A I Orient Overseas CotdcuneA Line FULLY CONTAINERISED SERVICE FROM EUROPE (Vl* SUEZ) P. Mm| S port H Kong KaofcsiiMt Osaka Tokyo NEPTUNE PEARL K 26/4 2/5 7/5 CHEV*' lU ROn IE J/5 5/5 8/5 9/5 13/5 15/5 IN KONC CONTAINER 9E (Mb 15/5 W/S 23/5 75/5 MERCATOR6E
      589 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      1380 15 OC.L Overseas Containers Limrted camtmoaip soma n mxMniUT! H'burj R'dam la S port P. Kalant O'mark Bran. A'werp Ha»'e mU »*r 1 Hp? 21 Ma? 23 Ma? 24 Ma? C» Ma?) "•J* 4 "a? Mm am nim aim 11 "n Ila lln Ha Ila t'ZLiLL JS?" J« tln lIN (17
      1,380 words
    • Advertisement
      Page 15 Advertisements Column 2
      1324 15 Ben Ocean Ajcvl9ennce of Ben Lin& Blue FhnnelGkn brie and NSMO TO M/etffTINENT (fit tad Support P. Kelanf Fenanf Enroot OENMNOR 23/2$ Apr Wl7 Apr a Map Lispoa. UuH, Nail, KKIIUiU 1 May 1/11 Mtr l/mif I laae I I ban, AmstanUa, Ntwi Ix Dubi'O, LuerpPOl. BENVANNOCN tl/ I Jaaa
      1,324 words
    • Advertisement
      Page 15 Advertisements Column 3
      1012 15 BEN LINE CONTAINERS H'BURG IHUU DAM MAVtt SCTON toW'l felMf W Ganaaay/MMria Mtia I ranca Ml UX mmmom express a »m 1 ma, a ma, tj ma, a May >t May t« ma, urui mm «M» am hih ii* a>« lltllM MT M Mav, Mif IMn UW MAM II May
      1,012 words
    • Advertisement
      Page 15 Advertisements Column 4
      988 15 Scan Dutch V CONTAINER SERVICE VIA S UND TO MED/UK/ CONTINENT/ SCANDINAVIA t- VttMl S'porp U Mfpiltef a Mm 3) Hbarj Shan vakeoca m« rsrrican 1/1 «/1 n/ v/ 1 t*/\ Fpffpr ffOM P. Kf IfAf VttMl FUKIKI a/ 4 UMIUI FRANCESCA 1/1 WTUMIA lUMW 11/ I Ml. NUT fiancesca
      988 words
    • Advertisement
      Page 15 Advertisements Column 5
      709 15 GUTHRIE BOUSTEAD agencies THE BANK LINE LTD. UOS Fit LIS. AFRICA FOPTWNC STAR (Mauritius, Reunion, Durban, C.1., ft., Ptw p. KtiM< ijr» mm run nm mm ft* cut wm africa roe unm. mam^j mi— STAR Pen.ni P Atlan| la Pt/21 A* Spore Hrtl Apr LAVREL UM Penary P. Kelanf 20/
      709 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      1047 16 "K" LINE KAWASAKI DON KAJSIA LTD. FW.LV COMTAIMERISfB SERVICE TO EUROPE (VIA SHED S'po ft P. Keiarj L Havre H'burj Br me* R' CHEVALIER PAW. 10W 21 Mr 20 Mr 21 May 21 Ml? 23 May 24 NEPTUNE CORAL 7W 4 Hay 5 May 20 May 2t May 20 May
      1,047 words
    • Advertisement
      Page 16 Advertisements Column 2
      1144 16 E.C. U4JLMTUUmC/SOLF SERVICE ACCEPTING FCL/LCI CWITAINERS FROM S PORE. f. RELANG PENAN H]| IU«M( tar: NORFOLK. NEW YORR. NEW ORLEANS. NMSTM. I JRRP i i*pHK P «eii»| Beu«an Penan, In; "visnvr ohm** ink* sen it it «u» it »«n 21 a war 73 E. C./GREAT LAKES SERVICE f *Ul f
      1,144 words
    • Advertisement
      Page 16 Advertisements Column 3
      926 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: Tl EOffOPE (VII SUEZ) CKEVALIE* PAUL: NEPTMIIE CORAL 4 May 5 May 27 Kay 71 May M May Ml NEPTUNE PURL 17 May 1» May 4 law IKm I Iwt 111 CHEVALIER RO7E 73 Mar May 11 Mm 15 l»t >«* »J IHONGKONG
      926 words
    • Advertisement
      Page 16 Advertisements Column 4
      746 16 i MALAYSIAN IN TfANATIONAL SHIPPING CORPORATION BCKHAD TEL KL *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA wist sstms feaSer 'P. Kelaa* Vatsal FRANCESCa 11 4 KORRICAN FRANCESCA It S JU7UMIA tUIMII 11/ 1(1 Hin ruNcsu a/ i seumia Aim accept.at Score 1) NKe I ts T R3am X Hbvrj 4)
      746 words
    • Advertisement
      Page 16 Advertisements Column 5
      843 16 INTRASEA (PTE) LTD T.T REGULAR INIEPENRENT SCMI/FVU CONTAINER SERVICE Tl HMK S pore f. Relang Penang La»lf*« Hf: M» LM ¥IMT 17 Mr <*> A'«erp/R'4am HMrg M.tf. BELIAL 4 Ma* M'teiiles S'ton/R'Mm t'm/m* Htttrg M-Miim/tiM/rtMi/ H'burg,G'b«g (CPNTR SNIP) ISIS ATM NIC II My 12 Iter 21 May S'ton R'oa*i H*Pl|/
      843 words