The Business Times, 23 January 1978
1978-01-23
1
12
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section11 1978-01-23 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, JANUARY 23, 1978 50 CENTS11 words
-
BRIEFLY...
-
Article50 1978-01-23 1 AFP MANILA, Bun. The Asian Development Bank has signed an agreement with a syndicate of Swiss banks for a bond issue In Switzerland of 80 million Bwlss francs (5593.6 million), the ADB announced yesterday. This Is ADB's fourth public bond Issue In the Swiss capital market. AFP.AFP - 50 words
-
Article44 1978-01-23 1 AFP TOKYO, Sun. Japan's anti-monopoly watchdog, the Fair Trade Commission (FTC), approved yesterday another three-month extension of the worsted yarn production control cartel of 30 wool spinners. The cartel, which was due to expire yesterday, will now run until April 21. AFP.AFP - 44 words
-
Article45 1978-01-23 1 Reuter NEW YORK, Sun. A US court jury, in a finding expected to have a major impact on the photographic industry, ruled yesterday that the Eastman Kodak Company has monopolised much of the amateur photographic market. The firm is to appeal. ReuterReuter - 45 words
-
Article50 1978-01-23 1 AP TOKYO, Sun. The United States, Japan and Canada ended talks today without agreeing on a new north Pacific fishery convention to replace a 1953 pact, invalidated by the advent of 370-km economic zones. The three countries will resume negotiations on Feb. 7-8 in Vancouver, Canada. AP.AP - 50 words
-
Article28 1978-01-23 1 Reuter HONGKONG, Sun. Chinese oceanographers have found sources of petroleum and natural gas in the East China Sea, the New China News Agency reported today. ReuterReuter - 28 words
-
Article49 1978-01-23 1 AFP HONGKONG, Sun. Austria Is the first textiles importing country to give Hongkong a real export break in a long time. It has lifted previous restraints on the intake of Hongkong garments and is not Imposing fresh ones this year, it was learned on Saturday. AFP.AFP - 49 words
-
Article52 1978-01-23 1 AP TOKYO, Sun. Business is brisk at a Chinese fur and leather garments fair from Jan 15 to 25, featuring such items as mink stoles and sable overcoats. Buyers from Asia, Europe, North America, Oceania, Hongkong and Macao were reported to be shopping at the PekingAP - 52 words
-
Article46 1978-01-23 1 TOKYO, Sun. Demand for Japanese cement will grow by 5.8 per cent in fiscal 1978 (April 1978March 1979) to an annual high of 82.5 million tonnes thanks to increased government spending in public works, according to an estimate by the Japan Cement Manufacturers Association.46 words
-
Article35 1978-01-23 1 AFP BANGKOK, Sun. Fourteen Thai officials will participate in the second meeting of the Asean committee on finance and banking to be held here from Jan 25-27, Radio Thailand reported today. AFP.AFP - 35 words
-
Article65 1978-01-23 1 Reuter BRUSSELS, Sun. The EEC has offered tariff cuts worth about US$9 billion (Ss2l billion) a year on farm and tropical products Imported from third countries. The cuts are part of the package put forward by the Community at the 10-nation Tokyo Round trade negotiations in Geneva.Reuter - 65 words
-
Article66 1978-01-23 1 AFP TOKYO, Sun. The Daiichi Kangyo Bank group yesterday became Japan's largest industrial grouping when 16 corporations, including Ishlka-wajima-Harima Heavy Industries, Japan's second largest heavy machinery maker and Hitachi Ltd., a leading general electric machinery maker, joined it. The group, organised last October, now claims a membershipAFP - 66 words
-
Article47 1978-01-23 1 AFP ROME, Sun. The volume of world trade in wheat and other cereals may reach a record of 144.5 million tonnes in 1977-78, the United Nations Food and Agriculture Organisation (FAO) has forecast. Wheat trade alone could increase from 11 to 70 million tonnes. AFPAFP - 47 words
-
Article41 1978-01-23 1 TEL AVIV, Sun. The Israel Seamen's Union yesterday directed six more ships to join a merchant marine strike for higher pay. Eight vessels in Israeli ports and elsewhere have been strikebound since the union's initial action call last Thursday.41 words
-
-
Article120 1978-01-23 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. Company Turin •ooo »ver Price* Jan 20 High Low120 words
-
LOCAL STOCK INDICES
-
Article77 1978-01-23 1 Jan 16 JaalT Jan 18 Jan 19 J>B 20 tt BT Index: 507.94 501.84 503.12 510.50 518.44 Industrials: 263.17 262 66 262.79 263.59 263 76 Finance: 422 62 422.14 420.53 421.38 423.48 Hotels: 173.32 173.01 173.71 174.10 174.45 Properties: 164.19 163.56 163.40 163.60 164.47 t Tins: 140.53 140.47 141.0277 words
-
Article83 1978-01-23 1 Jaatt Jaa 17 Jaa 18 Jmn 19 Jaa» tt BT Index: 710.77 706.05 706.44 715.59 725.63 Industrials: 293.10 293.03 292.59 293 47 294.59 Finance: 369.58 368.90 368 48 369.16 369.68 Hotels: 185 42 185.42 185.58 185.75 18S.83 Properties: 156.50 156.71 157.17 158.05 158.83 Tins: 155.92 155.59 156.20 156.45 156.5983 words
-
-
Article, Illustration693 1978-01-23 1 JOHN TAN - GAP DOWN TO $5.4B By JOHN TAN AN EXCEPTIONALLY high growth rate in exports for the whole of 1977 helped reduce Singapore's trade deficit by $700 million from the previous year. Last year's trade dencit was only $5.4 billion, compared with $6.1 billion in 1976. The693 words
-
Article137 1978-01-23 1 MR. HO Cheng Choon, Parliamentary Secretary to the Ministry of National Development, commended local farmers' efforts In increaslng production without the benefit of protectionist measures in their favour, and for their receptiveness to modern farming technology and management practice but he also reminded them of their responsibility to137 words
-
Article, Illustration545 1978-01-23 1 SOH TIANG KENG - "y SOH TIANG KENG CONTINENTAL Corporation, one of America's Insurance giants, will this year inject into Singapore inward reinsurance premiums worth more than $1 million. This amount the second largest In Asia after placements in Japan will serve as a curtain-raiser to more annual placements,545 words
-
312 1978-01-23 1 MALAYSIA has just concluded two textile agreements with the United State* and the European Economic Community the terms of the US contract may he of special interest to Singapore in view of the fact that a five-man negotiating team from the US will312 words
-
534 1978-01-23 1 PITER CHIA - •y PITER CHIA BRITAIN is not the halfhearted investor In Singapore that some detractors have made it out to be British investments here now exceed $555 million and Britain ranks second among Western Investors here with 78 factories, compared with America's 91. Among534 words
-
Page 1 Advertisements
-
Advertisement22 1978-01-23 1 r« ICOH 1 for plain paper copying *****33 M FfWy Private Limited ...a responsible company 30th Floor Hong Loong Building Singsporo 1.22 words
-
Advertisement115 1978-01-23 1 SeeVou Tonight l> mo <im! D.in< i't'!*■ sarin v U! N v Club N( '\[RA OS I B, ><>th K >::. :n< [Hilii r Ban.; (ir' j> hi fi 'A h»' irt'» r PTTTTTTTTTTTTTTTTI Featuring Nightly at the Nite-Club C 1 4 1 \»TJ* iz. 'ftr N K <o p<115 words
-
Advertisement54 1978-01-23 1 m kr k a LONDON mart-time for wrioiu BOOK fwtewi 7 2 WEAVES and CJkC cu expect SINGAPORE yard* maintain If gMK* 4 on celluloid mishap* 12 ENCORES galore for Varsity's DIAMOND inltri take (Mr weheatra 6 own sweet time U MEMOPAD 3, CROSSWORDS J, AIRCRAFT SCHEDULE 5. WEATHER TV54 words
-
Advertisement141 1978-01-23 1 Cool tmHhy poUution-fr— driving with AmAßuenu CbOLM4STE» .CAR Am CONDITIONER wgapqh 6 »i TEL arm 140. LAVtNOE* STREET SINGAPOREI2 TEC MMKy JAL FLIGHT 712: THE TOKYO EXPRESS NEW YORK VANOOUVER San i FRANCISCO I HONOLULU SWGAPOfIE \%%JV !f If M MEXICO CITY Only on JAL can you non-stop to Tokyo,141 words
-
-
MARKET REVIEWS
-
Article728 1978-01-23 2 GERALD COLVERD - LONDON •y GERALD COLVERD THE London stock market has now got to start thinking more seriously on which way It Intends to move during the Important pre-bud-get month of February. There Is every sign at the moment that the major institutional investors will have got their new year728 words
-
Article328 1978-01-23 2 WALL Street wore a mantle of white as last week ended with a severe snowstorm, causing the New York Stock Exchange and American Stock Exchange to open on Friday at noon two hours late. The Dow Jones industrial average, for its part, finished the session at 776.94, showing328 words
-
Article201 1978-01-23 2 THE Tokyo stock narkit tdvuccd further a boat of itr»i| buyiif la a holiday-ahortened four-day weak. TV riaa followad a itiip advaacc ia the preceding two weeks ia which the Daw Jones average had gained some 174 yea to reach a 2.5moath high. The market was closed on Monday201 words
-
Article477 1978-01-23 2 dard and Poor's Outlook offered some counsel. The market's decline and the strong rise In dividend payments have combined to boost yields on many goodquality common stocks to highly appealing levels, observed the Outlook. While bonds In most cases still offer more attractive yields, holders477 words
-
Article1312 1978-01-23 2 CHAN BONG SOO - SINGAPORE •y CHAN BONG SOO WITH a number of exceptions. trading on the Stock Exchange of Singapore last week was characterised by an Irregular trend with prices moving within limits either way. On balance prices finished the week little changed as mirrored by the leading stock Indices. The1,312 words
-
Article908 1978-01-23 2 THE Kuala Lumpur stock market perked up noticeably this week after two fairly dull weeks previously. Prices generally rounded off the week with fair gains in moderate trading. While simmering Interest In a handful of commodity stocks continued to generate fairly large turnover, industrial and property stocks came908 words
-
746 1978-01-23 2 T - T SCRIP ISSUE Aluminium Company of Malaysia Proposed scrip issue of one-for-two, capitalising 93.62 million. OTHERS Prima group has proposed to set up an 182 million flour mill, with a milling capacity of 2,200 tonnes a day, in Sri Lanka. Tills complex746 words
-
Article160 1978-01-23 2 TH£ market cleeed lower en buyers' hesitancy rather than any heavy selling, ahead of the Consumer Price Index figures due next week, dealers said. Loeeee were not subs tan tial among the leaden, BHP loet fear cents ever the weak to AW.M, ACI six cento to 11.71 whife the160 words
-
-
Page 2 Advertisements
-
Advertisement385 1978-01-23 2 "I" r w ■51 O/ V/ s^\To fVCOA/ THE GREAT BOOKS OF WESTERN OVILIZAnON These are the books that had to burn. For ing of civilization's great men. A conversawithin the GREAT BOOKS are volumes tion that has created the lasting institutions that hold the ideas and thinking that of385 words
-
-
OVERSEAS
-
893 1978-01-23 3 Reuter BANK prime lending rates in the US will rise by up to 1/2 per cent from the present 8 per cent by the middle of the year. J.P. Morgan and Co inc chairman Walter Page expects long-term rates to rise slightly withReuter - 893 words
-
Article210 1978-01-23 3 COURSES AND TALKS DATES TITLE LOCATION ORGANISER Jan 4-23 Managing Conflict In SIM Conference SIM Industrial Relations Room 9-30 Industrial Application YMCA NPB of Operational Palmer Road Amplifiers 9- S.D. Module III— Hotel Royal NPB Feb 2 Elements of Ramada Industrial Engineering 9-30 Energy Management YMCA NPB Module210 words
-
Article292 1978-01-23 3 Reuter TWO "lame ducks" among Britain's nationalised Industries could create a crisis In the Labour Government as serious as those facing the firms themselves. The firms are giant ducks too British Steel and British Ley land. The 1877 figures show British Steel, the third largestReuter - 292 words
-
Article, Illustration194 1978-01-23 3 UPI THE US Administration has drawn up a preliminary plan for emergency petrol rationing. At Secretary of Energy James Schleslnger's (above) order, the plan, together with a list of unresolved issues. Is being distributed quietly for comment to more than 100 organisations thatUPI - 194 words
-
1067 1978-01-23 3 ACROSS-THE-BOARD TAX CUTS NYT IN KEEPING with his stress on the need to boost private Investment to keep the economy growing. President Carter has unveiled on Saturday a multifaceted corporate tax package that calls (or across-the-board tax cuts and a variety of Incentives toNYT - 1,067 words
-
576 1978-01-23 3 ECONOMISTS are generally critical In their assessment of the antl-lnflatlon remarks in President Carter's State of the Union address. On the need to curb Inflation, they said he offered no plans on how this would be accomplished and that key elements of his address actually576 words
-
WOULD IN BRIEF
-
Article532 1978-01-23 3 Agencies SAUDI Arabian Industry Minister Ohazl AbdulRahman Al-Qussalby said in Bahrain West Asian Oulf oil-exporting countries will set up petrochemical industries of their own in spite of threats of a possible trade war with the Industrialised states. Mr. Al-Qussalby said a petrochemical complex in the West AsianAgencies - 532 words
-
-
Article154 1978-01-23 3 Reuter FEDERAL Reserve Board member Henry Wallich said he is concerned that the recent shrinkage of spreads on Eurocurrency syndicated bank loans does not give an adequate return on risk. He said although banks feel that competition is tough, they <*an decide whether or not to participateReuter - 154 words
-
-
Page 3 Advertisements
-
Advertisement326 1978-01-23 3 v*» f An* J J** I I L •*r 3 V 5 WJW m '■r ,A JL V *V?/ £> "A v J sv V?rfs» T- J l\ i j Your food-loving PM| f*£%M IDiiCTC will run uwnnE 9 find the Equatorial a gourmet's paradise. Our delightful Swiss, Chinese and326 words
-
-
Page 3 Miscellaneous
-
Miscellaneous595 1978-01-23 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 One drink behind? (0) 7 Always Increased demand (8) 8 Watch your head (4) 10 Black ones make "red" (6) 'II King Murphy (8) "14 Leased for some little time (3) ,18 They escape by air (5) #-17 One looking ahead (4) It595 words
-
-
RAW MATERIALS
-
Article228 1978-01-23 4 TERMINAL rubber In LONDON finished near the day's lows after a fairly uneventful Friday afternoon. Prices were down from Thursday by 0.05 to 0.50 pence per kilo. Turnover totalled 270 lots of 15 tonnes including six call options and 24 kerbs. Dealers cited buyers reserve as the228 words
-
Article143 1978-01-23 4 THE Straits tin price In Penang on Saturday was down Mss to $1,680.25 per plcul, on an official offering unchanged from Friday's 236 tonnes. In LONDON on Friday, tin on the day lost £15 for cash and £35 for three months in both contracts. Prices lost slight ground143 words
-
Article245 1978-01-23 4 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOBING PRICES PER PICUL ON SATURDAY. Coconut Oil: Bulk 178 sellers, old drum >83 sellers, new drum $88 sellers. Copra: Mixed (loose) UK/Cont. *55 buyers. Pepper: Muntok AST A white f.o.b. 100% NLW $445 sellers. Sarawak white fob. M* NLW $422'•> sellers. Sarawak245 words
-
Article199 1978-01-23 4 BANGKOK rice prices were Suoted as follows on Saturay: (Prices in US dollars per tonne fob basis Bangkok). White Rice: 100 pet Ist class 370. 100 r:t 2nd class 355.100 pet 3rd class 350. pet 341. 10 pet 323. 15 pet 320. 20 pet 317, 25 pet 315. 35199 words
-
Article194 1978-01-23 4 ROBUSTA futures In LONDON closed easier last Friday. £1 to £35 per tonne down from Thursday night's cloee. Volume totalled 2,029 lots Including 55 options and around 700 lots of cross trades. Spot Jan closed at the day s low of £1,080 down £1 after a £2,000 high earlier.194 words
-
Article164 1978-01-23 4 TERMINAL cocoa was barely maintained in LONDON on Friday afternoon due to renewed long liquidation to close near the day's lows. Losses from Thursday night ranged from £32 to £2 per tonne. Dealers said some of the selling came from New York because of snowbound closure there. The turnoover164 words
-
Article117 1978-01-23 4 SOYBEAN futures posted gains of US 3-1/2 to six cents a bushel in CHICAGO at the Friday close, finishing the session at the high end of a narrow trading range. Early gains In product markets and continued European demand stimulated short-covering which firmed prices and supported the market In117 words
-
Article131 1978-01-23 4 WHEAT futures in CHICAGO showed firmness through the session and added to gains In late trading to close at the highs last Friday. At the close, prices ranged three to one cents a bushel higher. There was little feature to the early dealings, but short-covering in response to firmness131 words
-
Article72 1978-01-23 4 C.I.r. US dollar* per ton. LONDON: rrUay fiwlwi Malaysia 5* rr* bulk March 900 sir SOS air Sumatra 5H ffa Jan 530/535 pd 525 llr Feb March 535 sir 520 Ur 530 pd 504/510 pd April May June 30ft air SOOilr unch 488/500 pd 490 pd 480/482 5072 words
-
Article468 1978-01-23 4 Source: Swiss Bank Corp, Zurich. THE KILOBAR In Singapore opened at S$ 13,170 and closed at 5513,172 in quiet trading conditions on Saturday. In the London market, the metal opened at U*****.10/ 40 and closed at U*****.00/ 30. Source: Singmai Retail prices per tael quoted by the Singapore ChineseSource: Swiss Bank Corp, Zurich. - 468 words
-
Article69 1978-01-23 4 IN LONDON, lead on the day fell by £3.50 for cash and £4.50 for three months last Friday. Trading was slow during the afternoon In the absence of fresh Incentives. Further stale bull liquidation on the morning premarket pushed three months down to £333 but covering against some continental69 words
-
Article47 1978-01-23 4 ZINC on the day lost mostly £4.25 per tonne in LONDON on Friday. The afternoon market was quiet at around end morning levels. Values were subject to further liquidation during the morning down to t'266 for three months, but small pockets of short-covering helped pare losses.47 words
-
Article73 1978-01-23 4 SILVER on the London Metal Exchange eased by 0.1 to 0.4 pence per troy ounce last Friday. The market remained very quiet throughout the day with price levels softening in sympathy with the gold price and the bullion dealer's fix. Three months traded down to 258.0 pence durng the73 words
-
908 1978-01-23 4 COMMODITY prices In Singapore last week were generally marked down to bring them more in line with levels prevailing in the leading world markets. For months on end, Singapore had to contend mainly with selling to consumers in the neighbouring countries and West Asian908 words
-
Article91 1978-01-23 4 FUTURES closed £0.15 to £0.90 down, In a turnover of 1.352 lots in LONDON on Friday. Dealers said Thursday night's New York lower kerb levels attracted light fresh buying support which rallied prices In the morning. The afternoon was dull due to the closure of the New York market91 words
-
Article156 1978-01-23 4 COPPER wire bars on the day rose by mostly £1.50 per tonne In LONDON last Friday. The market was subdued during the afternoon in view of a delay In the opening at New York. Three months held around £681 per tonne In slow two-way trading. The morning early premarket156 words
-
MONEY AND EXCHANGE$
-
Article205 1978-01-23 4 THE US dollar held firm last week in the Singapore forex market as the effects of Federal Reserve Intervention In New York still linger in the market and operators are reluctant to bring further major pressure on the dollar. It opened at the 2.3320-40 level and was bid205 words
-
Article54 1978-01-23 4 ACBC 7 Fir.i rkiMM 7 Atoiin Bank 7 riukuk 7U Banckok Btik 7 Hsnr 7 Bank at America Bank of China Bank ot Tokyo 7 7 7 Indoauex Malayan Bankina Mitaui Bank 7 Vi Bank Nacnra OCBC Chartered Bank 1% urn 7U Chaac Manhattan DBS 7 7*54 words
-
Article388 1978-01-23 4 FOLLOWING the $00 million swap facilities offered by MAS. the Interbank market last week was fairly easy with term deposit rates remaining steady. However, the overnight rate was quite erratic which closed firmer at 4 3/4 per cent 1/2 per cent. The withdrawal of new notes by banks for388 words
-
Article224 1978-01-23 4 Asian rates RATES held steady throughout last week with tendency to ease slightly towards the weekend. One. three and six months periods were actively traded In middle rates with Singapore offering. Money supply figures fell more than expected. Ml dropped $3.4 billion and M 2 fell 92 billion. ASIAN currency224 words
-
Article41 1978-01-23 4 FRANKFURT exchanges closing quotes on Jan 20 US 2 122 V 40 Can I 9210/15 Stc 4 103/113 Dfl 93 33/40 Sfr 106.05/05 Lit > 430/440 Ffr 44 00 90 yen 0 9780/90 Bfr con 44/45 Bfr fin > 43/44 Nkr 41-10/941 words
-
Article55 1978-01-23 4 DAY-TO-DAY Interbank funding was fairly easy at the beginning of last week, but firm towards the weekend to close at 5 4 3/4 per cent. An easing of 1/8 per cent was seen In the ones, twos and threes to close 5 1/16 4 15/16. 5 5/16 1/1655 words
-
Article48 1978-01-23 4 FOR the week' ended Friday Jan 10 the ran«e of call rate* received from Short DepoalU (Ml Bertiad m as follows: BANK FUND 3 per cam to 5* per cant OENKRAL FUND 6 3 per cant to per cent Movement* of fund totalled MM ■Hon48 words
-
Article393 1978-01-23 4 Source: Swiss Bank Corp, Zurich. FOREX MARKETS were relatively calm last week, with the US dollar losing moderately on balance. As a result of the successful USJapanese trade negotiations the Japanese government agreed to take steps to cut their current account surplus by half and in anticipation of someSource: Swiss Bank Corp, Zurich. - 393 words
-
Article243 1978-01-23 4 The US dollar finished the day mixed against most leading currencies in LONDON last Friday, having recovered from' lows earlier In the day following initial disappointment over President Carter's State of the Union speech. Mr. Carter's economic message setting higher Inflation and lower growth targets for 1979 and raising243 words
-
Article118 1978-01-23 4 THE US dollar closed little changed In NEW YORK from the opening In a short trading session because of a severe winter storm. The market essentially closed at mid-day, with little trading in the morning as many firms operated with sharply reduced staff. The dollar was slightly firmer,118 words
-
Article149 1978-01-23 4 Euro rates EURODOLLAR deposit rates showed an easier trend on Friday, following the substantial fall in the US weekly money supply data, announced on Thursday while trading Interest was small. Five months to one year fell by 1/16 each while two and four months recovered to overnight levels after easing149 words
-
-
-
Page 4 Advertisements
-
Advertisement496 1978-01-23 4 TO DEBT .fc 4 UCDI tgjj' TRAP <8 HOW TO SURVIVE THE SLUMP Business Management in Penguins The Debt Trap: Cheryl Payer The International Monetary Fund is the most power- I ful supra-national government in the world today. Z This book is about'the efforts of poor nations to gain some496 words
-
Advertisement53 1978-01-23 4 Baring Sanwa Limited The previously announced arrangement by which Baring Sanwa Multinational Limited would become equally owned by Baring Brothers Co., Limited and The Sanwa Bank Limited has now taken effect. To reflect this the name of the company has changed to Baring Sanwa Limited with effect from 23rd January,53 words
-
-
TRANSPORT
-
661 1978-01-23 5 GOH ENG KEE - WORLD ORDERS SHRINKING ■y GOH ENG KEE SINGAPORE shipyards managed to retain their share of the shrinking world order book of merchant ships in the first nine months of 1977. Figures from "Lloyd's Register Shipbuilding Returns" show that at the end of the661 words
-
Article, Illustration97 1978-01-23 5 BORNEO Marine has secured an order for 16 fibreglass speed boats valued at US$5O,OOO (SSI 16,500) from customers in Abu Dhabi. Called the Sting-Ray 15 ss, it is a pleasure craft of 4.6 metres long and can be powered by outboard motors of up to 85 horsepower.97 words
-
175 1978-01-23 5 AFP SRI LANKA'S national carrier, Air Ceylon, will close down from the end of March, Aviation Ministry sources said. Air Ceylon, one of the oldest airlines in Asia, established 30 years ago, will be replaced by two new air companies in which theAFP - 175 words
-
Article, Illustration402 1978-01-23 5 As of Jan. 21 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Intermac 312 (0700 alongside Tal Ping) 3/4 Bravery (after Stolt Spur sails subject gas free) 15/16 1 Chose 1 Maru (Car carrier JAWH) (1800 after Ernebank) 33/34 High Olory (2100 after Golden Olory) 25/26 Hugheverett (2100) 18 Jllfar402 words
-
Article, Illustration182 1978-01-23 5 SCANDUTCH. the Far East-Europe container transport consortium, has started a weekly container feeder service between Singapore and Bangkok. The service Is run by two newly-built and fully equipped feeder vessels. These two, the 1,600 grt m.s. "Francesca" and m.s. "Eleanor", are chartered by Scan Dutch to182 words
-
244 1978-01-23 5 AFP SAUDI businessman Akram OJJeh, the new owner of Liner Prance, disclosed on Saturday plans for a series of business ventures in Prance Including the creation of a Franco-Saudi Maritime company. He said he would like to form a new French regional airline, andAFP - 244 words
-
Article200 1978-01-23 5 AFP THE French aeronautical Industry stepped up export orders from 9.7 billion francs (about 554.48 billion) In 1976 to some 23 billion francs last year. Three quarters of the total orders were said to be for military material. The figures were given by the group ofAFP - 200 words
-
Article170 1978-01-23 5 AFTER 20 years as a luxury liner, the 20,000-tonne Monterey, one of the last two American-flag passenger cruise ships. Is tied up for good. In spring, the same end awaits Monterey's PacificFar East line sister ship, Mariposa, last of the Ame-rican-flag passenger cruise ships. That170 words
-
Article76 1978-01-23 5 Reuter THE Panama Canal could pay for Itself for the next five to 10 years but Its financial future beyond that period is uncertain. Mr. Ely Brandes. an economist and an expert on canal operations who conducted a study for the US State Department and the Panama CanalReuter - 76 words
-
222 1978-01-23 5 Agencies THE Japanese Transport Ministry has said it plans to Introduce legislation aimed at dealing with rate-cutting by Soviet shipping lines and protecting the Japanese shipping Industry. The Soviet Union, which does not belong to any shipping conference, has offered low freight rates onAgencies - 222 words
-
Article76 1978-01-23 5 Reuter THE Far Eastern Freight Conference, Europe/ Japan and Japan/ Europe Freight Conferences, the Philippines/ Europe Conference and the Sabah, Brunei and Sarawak Freight Conference announce the following Increases In their CAF rates. The new rates apply to cargo loaded at the particular ports on orReuter - 76 words
-
Article49 1978-01-23 5 AP THE Philippine Shippers Council strongly objects to a proposed 14 per cent freight rate Increase by the Philippines North America Conference starting April 1. Trade Secretary Troadlo Qulazon Jr, expressed fears that the resulting higher transport costs would weaken Philippine exports In the US market. AP.AP - 49 words
-
Article706 1978-01-23 5 ARRIVALS Scrriei Operator Numlm Loea Tim d From CPA CX003 0145 HKQ SAS SK097 O0SO CPH/THR/BKK MAS MH0O1 OTIS KUL MAS MH682 0810 KCH SLA SQ101 0615 KUL MAS MH621 PEN MA8 MH007 0645 KUL MAS MH671 0045 PEN/KUL OLA OA08O 1030 HLP CPA CX710 1035 HLP706 words
-
-
Page 5 Advertisements
-
Advertisement139 1978-01-23 5 >/_(,;'+>+=!=]|]|}~=@+&&$];:!}. Don't let the language barrier stop y ou from wider contacts OT <-* w 1 O\V c\ I m x T r* c nN a s c\ \N V*° G ■\fcc\ v 1 \<s u1*.."- vjppcß b JrA 2k V£ «dF' M i YOU SIMPLY CANNOT FAIL WITH VISAPHONE.139 words
-
-
REVIEWS
-
Article, Illustration668 1978-01-23 6 ILSA SHARP - By ILSA SHARP IF THE University of Singapore Music Department's Orchestra and Choir have had really as many problems as the accompanying article outlines, and have been reformed so recently, one only can say "Bravo!" to their concert on Saturday night at668 words
-
595 1978-01-23 6 TSANG SAU YIN - TSANG SAU YIN THE Music Department of the University of Singapore is fairly humming these days Judging by the number of activities it has up Its sleeves for the next few months, and years, for that matter. After a prolonged period of apathy,595 words
-
Article, Illustration820 1978-01-23 6 CAROLINE HYDE - SINGAPORE saw its disco heyday in the early *****, before the Government moved in to exercise greater control over what it feared, and often found, were becoming drug and crime centres rather than simple nightspots. Now local discos are either too expensive or too dull to attractFT - 820 words
-
Article131 1978-01-23 6 A REMINDER that the Allium Fructiic will be showing tomorrow at the RELC Building, at 9pm, free of charge, the film SOLO, starring Jean-Pierre Mocky (also the director), Henri Polrler, Anne Detaue, Denis Le QuTllou. As are all the Alliance films, this one is subtitled in English.131 words
-
Article120 1978-01-23 6 THE Ministry at Cohan and tW Italian Embassy will pmMt a concert titled "Duo Maieron Balestra" by Italiaa soprano, Eliza be 11 a Majeron and guitarist Guiliano Balestra, on Jan SI nt the Manpore Conference HalL Tbs wauert heglne at 8 pa. Elizabetta Majeron wen two nntlonal oompotitkws120 words
-
Article, Illustration228 1978-01-23 7 liUnatkatl Money Issues and Analysis Andrew Crockett Thomas Nelson and Sons, UK, 1977, £3.Mp. Reviewed by Colin Chee THE workings of the postwar international monea system, its problems the solutions are the stuff of this largely historical account. The system's features and concepts are discussed228 words
-
Article, Illustration685 1978-01-23 7 Make What I Can Sell the story at Jack Chia MPH. Peter Hutton, Jack Chia —MPH, Singapore 1978, $8.75. Reviewed by Ma no Saboani "THERE Is seldom much boardroom drama to be found In a company that is moving along the wellpaved highway of success. "Personality clashes685 words
-
Article499 1978-01-23 7 THE LOCAL drama scene may take an upturn soon, with the Imminent implementation of the Ministry of Culture's new Drama Promotion Scheme. This scheme Is partly the brainchild of the year-old ad-hoc committee on drama appointed to advise the Ministry, chaired by local poet and playwright,499 words
-
894 1978-01-23 7 Singnpore Short Stories Volume 1 Robert Yeo (Editor) Hiiatatia Educatieaal Books (Asia) Singapore, I*7B, IS Reviewed by lisa Sbarp BEFORE I review this book, I had better first declare my own bias I prefer a short story to be a short894 words
-
Article830 1978-01-23 7 Issues la Contemporary Malaysia Chaadriak Appa Rao, Bruce Roes-Larson (Ed.), Noordin Sopiee, TJoe Hock Guan, Heinemann Educational Books (Asia) Singapore, 1977, $$.50 Reviewed by John Tan MALAYSIA, like many other countries in this area, is beset by a large agricultural population living In poverty, and this830 words
-
-
Page 6 Advertisements
-
Advertisement692 1978-01-23 6 t Pl9iBs£i< SsS J sinoopura FORUM gf HOTEL m *SM*»*l*r 0— I llllillfc US Orchard Road, S'pore Tel: *****2 406/407 Havelock Road, S pore S. Tel: 422M1 ereto Oochid inn "an oMh In th« ortont" 214 Dunearn Road, S'pore 11. Tel: *****2 %H Oxiey KIW Psoang Road, S'pore I. Tel:692 words
-
-
Page 6 Miscellaneous
-
Miscellaneous59 1978-01-23 6 WEA THSR outlook for Singapore from 6 am to noon today:- fair. Report for 24 hours prior to 7.30 pm on Ju 22 at the airport. Maximum Temperature M.4°C Associated Humidity S8 Minimum Temperature MJ*C Associated Humidity M Hours of Sunshine 7.80 Rainfall in Millimetres 3 Total Rainfall for the59 words
-
Miscellaneous267 1978-01-23 6 SINGAPORE 5 3.00 PM Opening Announcements followed by Valar Pirai (Tamil Repeat) 3.30 Diary of Events (Tamil) 3.35 Afternoon Matinee The Lord of Barmbeck (Part 1) starring Martin Luttge, Judy Winter, Inker Sommer, Simon Rethal 4.35 Intermission 6.00 Opening Announcements followed by A Journey Through The Lands of Fairy Stories267 words
-
-
Page 7 Advertisements
-
Advertisement389 1978-01-23 7 -'ii n I #4t Mfl mcifico SINGAPORE Tanglin Circus, S'pore 10. Tel: €***** Marco Polo Restaurant The Executive's Business Luncheon a four-course meal of huate cuisine, inclusive of a glass of wine and coffee/tea Marco Polo Restaurant $17.00 10% service charge 3% government tax Car valets in attendance DAMADA IYhotelA389 words
-
-
Page 7 Miscellaneous
-
Miscellaneous25 1978-01-23 7 BriStoW-' FVamjc Dickens WT. ••O UME. R TR6NDV SuwmsuiT, CJJT lm on IMC Htf>, UM6 IN \*L V£JG», UXTH B wftit nvsT»r. %j?rtPftP I WWTK....'25 words
-
-
INTERNATIONAL STOCK MARKETS
-
Article230 1978-01-23 8 AMSTERDAM: The market cloeed mixed on rrtday although inwmttioaiU were generally lower In quiet trading, apart .from Reyal Dutch, which gained ,10 eente, dealer* Mid. ft W I NH unch ft -0 4 Alfbank AMKV 339 00 70.00 ♦1 ♦1 Amfa* 102.00 -0 5 Am rot Bank 67 JO230 words
-
Article87 1978-01-23 8 BRUBSELS: Belgian share price* were mainly lower In quiet trading on Friday, bourse sources said. JAN Fr» FORWARD MARKET Asw 2S* .2 ArM 1900 -10 Actur ■(Mean Bru-Lunb 402 -18 427 unch 1454 -4 Cknotc 502 unch 374 >2 IbM ■toctrotxl Ob-Inno-Bm Otr Hobo* F*ro Ryl Dutch •ocOmBtlf •OOM87 words
-
Article185 1978-01-23 8 FRANKFURT: Bhares were generally firmer on domestic investor buying of insurance stocks on Friday, bourse sources said. JAN Dm Atf-TttofunkMi RN Akso 11.70 MOB -0.3 AbUMn Alto Vtn 4M uncb BASF m.ao 14 BayHTWi lank 2MB 4-2 Bay Vbank 313 Buyer BBC RKV 1M70 as +0.0 -0.3 244.70 XI185 words
-
Article283 1978-01-23 8 PARIS: Prices were lower in quiet trading on Friday chiefly on political uncertainty ahead of the elections, traders said. JAN M Fn CORBEILL2 Alr-Ugulde B 8 N Oervmu □anone C S F (Thomson CM) CleFrancalw desPetroles Compagnie Financier* Compagnle Oenerale Credit Fonder De France Hachette (Llbralrle) Machine* Bull Mtchelln283 words
-
Article121 1978-01-23 8 MILAN: Prices closed Irregularly lower In quiet trading with some profit-taking on Friday, while the uncertain political position also favoured some cautious sales, dealers said. However they noted some covering at the lower levels. JAN Lire Ante 124 -1.25 -120 A»oc Otn ***** Butotl 371 Central* 3549 29 IBIS121 words
-
Article315 1978-01-23 8 JOHANNESBURG: Gold shares were slightly higher on balance In sporadic trade on local and overseas Interest, dealers said. jan m Rand INDUSTRIALS A Alpha 123 Abercom iao AE And CT 225 -5 AMIC 885 4-5 Barlows 358 4-6 700 130 unch -5 Cume Finance SO De Beers Ind Edcon315 words
-
Article224 1978-01-23 8 ZURICH: The market closed narrowly mixed on Friday with an easier bias in light trading, little affected by President Carter's State of the Union address. The Credit Suisse index fell 0.2 point to 250.2. JAN JO rrancs Action* Sulsses 270 unch All nul— Br 1270 -15 A) us utile224 words
-
Article230 1978-01-23 8 TORONTO Share prices cloud easier In moderat* trading on ma*j. Tlx Composite Index m steady and dec Unas lad advancee 199 to 163. Papan. transportation and coniumtr product* van the weakest melon. Closing volume totalled 2,720,910 share* against 2,972.M2 shares on Thursday. JAN AbttlM MM Alfoma Bank Moot Bank230 words
-
Article1272 1978-01-23 8 NEW YORK: It »u thumb* down for President Carter on •now-bound Wall Street on FHday, as trader* responded with disappointment to President Carter's State of the Union message and his economic report to Congress Analysts said, however. It was difficult to assess the full impact of the Administration's1,272 words
-
Article65 1978-01-23 8 FINANCUL TIMES INDUSTRIALS £r? d ay 487.6 Thursday 486 0 Week Ago 480.0 DOW JONES AVERAGE INDUSTRIALS Friday 776. M Thursday .778.67 Week Ago 775.73 LONDON DOLLAR PREMIUM Friday 78 to 78* Thursday 77 to 77 H.K. HANG SENG Friday 400.27 Thursday 402.18 Week Ago 383.44 ALL ORDINARIES Friday65 words
-
-
INTERNATIONAL COMPANY NEWS
-
Article182 1978-01-23 8 Reuter AKZO MV subsidiary Enka I Glanzstoff cut its net losses i last year from the 161 i million guilder deficit of 1976, but by less than originally hoped, management board chairman Hans Ouenther Zempelln said. In Germany. Enka AO's net 1976 loss of 44 million marksReuter - 182 words
-
Article88 1978-01-23 8 A. JOHNSON (London) part of the Axel Johnson Group, said It was awarded a contract to supply a complete £300,000 margarine processing and production plant for the palm kernel oil refinery now being built at Nachl, Anambra State, Nigeria, at a total cost of £14.2 million. The plant88 words
-
Article96 1978-01-23 8 AMTRAK said it signed a contract with the Electromotive division of General Motors to build lightweight locomotives. Amtrak said the first order was for eight locomotives at a cost of US$22 million, and altogether it plans to buy 30 locomotives at an estimated cost of about $7896 words
-
Article70 1978-01-23 8 BENDIX Corp said It will be difficult to exceed last year's second quarter results, but results for all of .fiscal 197$ ending Sept 30 should be higher. The company reported first quarter earnings of USsl.2s per share, and revenues of $847.8 mlltton. In last year's second quarter Bendix earned70 words
-
468 1978-01-23 8 EUROPEAN COMPANIES Reuter LONDON: International Synthetic Rubber Co chairman Donald Bennet, categorically denied press reports that a year-old scheme to build a UK synthetic rubber plant worth £200 million had been abandoned. Speaking in his capacity as chairman of the Synthetic Rubber Sector workingReuter - 468 words
-
Article127 1978-01-23 8 Reuter LONDON: Bass Charrington pre-tax profit will be lower In the first half of the current year than the record £35.5 million reported In the same period last year, chairman Derek Palmar said. He said sales In the first three months of the current year starting OctReuter - 127 words
-
368 1978-01-23 8 LONDON: In his annual statement Lord Iveagh. the chairman of Arthur Oulnness Son and Company, says that the group plans to continue Investment In all its markets with the resources It can prudently make available to achieve worthwhile increases in profits. Since 1960 the group368 words
-
Article161 1978-01-23 8 NORTH AMERICAN COMPANIES COOK Industries Inc said its agri-products group had a pre-tax loss of about US$3.9B million for the first half ended Nov 30 due to losses in Its cotton operations. Cook said grain and processing and refining operations, also in the group, had a small161 words
-
Article385 1978-01-23 8 Reuter THE Sun Oil Company announced tt had privately acquired about 34 per cent of tlie shares or Becton, Dickinson and Company of Rutherford, New Jersey, a hospital supplies maker, but had not decided whether to acquire the company or hold the shares as anReuter - 385 words
-
Article75 1978-01-23 8 Reuter MONTREAL: Canadian Vickers Ltd said its majority shareholder, Vickers Ltd, was recently approached in London by a group of Canadians wishing to acquire Canadian Vickers. Preliminary discussions took place and Vickers Ltd, with the agreement of the Canadian Vickers board, deckled not to proceed and the discussionsReuter - 75 words
-
-
Page 8 Advertisements
-
Advertisement252 1978-01-23 8 m VV* E r /f W fW KS 9 w 4« K 1 i I 19 fe&S '//A J>«S ¥•< Sli 8^ ;s:i« il"! Em? *ss ai m i lIP I i a m m e a DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU! J'\ *V Ss *r252 words
-
-
Page 9 Advertisements
-
Advertisement788 1978-01-23 9 m m i-.? m *0 w V *V fti* .> '•f «s '<- t-^K9S ,>V M *?W w ".r>< *S? »-x? 3® w&&m *■&$I v? mm m m •s-:;' EE r£? r> •>Jr? m i V"' r 8?» I V ■^msse m vt«r -4T *1 *7>' v«5 a. •x-i £7788 words
-
-
COMPANY NEWS
-
1123 1978-01-23 10 MANO SABNANI - •y MANO SABNANI CO-LEADERS In the car Industry, Cycle and Carriage and Wearne Brothers are expected to Improve on last year's record breaking performances in the current year. C and C Is likely to make further rapid progress with the main Impetus coming from1,123 words
-
Article311 1978-01-23 10 Current Ex Date Total fur Total for payment Date payable the year previou* year CbinTeck 10% Dec 30 Jan 23 20* 17.5* 8.M. Industrie* 5SITE Jan 10 Jan 24 5* 10* TE Berjuntai Tin 50*1 Jan 3 Jain 25 50* U0*U) UwwPmkTfai 30*1 Dec 29 Jan 30* 30*311 words
-
-
Article2584 1978-01-23 10 itn/itw Hlfk L»w Last flak •far■BCTIO Or*. Or NONE DH Or Gr*a Y*M Net P/E Val O880> We ■ft Lew 154 200 no 240 SB* 205 100 270 422 140 132 186 m 212 97* 1S6 145 182 350 91 Aetna Alcorn Allied Choc Bata Ben Boustead2,584 words
-
Article1465 1978-01-23 10 January 20 ON the Chicago Board Options Exchange business was as usual, with a total of 96,846 contracts traded compared with 100,841 contracts on Thursday. OPTION JAN APL JLY STOCK Alcoa 40 1 2 a/4 31/4 41 Alcoa 45 UNTRD a/4 UNTRD 41 Alcoa M UNTRD 3/111,465 words
-
Page 10 Advertisements
-
Advertisement46 1978-01-23 10 The Love of inese LL %;1 wm n =r «S vV v N -i ■5< )S' f 1 t V ~"±> i yt S* t c >4** as N adS s 2~5 Kenneth Lo i ■t4M W cr "W Chlwm way of aarvtac I Ndmm 31« i2M46 words
-
-
MONDAY SPORTS
-
Article1100 1978-01-23 11 PETER DOBEREINER - By PETER DOBEREINER LONDON: THERE Is only one assertion I am prepared to make about the origins of golf and that is this: ever since man started knocking a ball about with a club in competition, the loser has reflected, 'There must be1,100 words
-
Article788 1978-01-23 11 ERNEST FRIDA - By ERNEST FRIDA CHUA Tiang Hee, 27, proved yesterday, that despite playing in two golf tournaments in one day, he could still manage to win. He won the Police Cup organised by the Singapore Island Country Club with six strokes to spare at the788 words
-
Article, Illustration106 1978-01-23 11 TWO young AiitralUl tennis pltym will visit five Asian countries la Fshrnary and March to euivet —Ml clinics. They in kuibind tad wife team Alvin and Judy Gardiner of Sydney, whin visit la pai« of the Australian Govsra■Beat's cultural nrhiagi programme. They will leave Australia106 words
-
Article1060 1978-01-23 11 HUGH McILLVANNEY - iy HUGH McILLVANNEY The Observer LONDON. January Is the cruellest month for those whose dreams have sought to give financial reality a body swerve, and up In Scotland these days the dispiriting gloom that follows the New Year wassail Is depended for many by theThe Observer - 1,060 words
-
-
Page 11 Advertisements
-
Advertisement243 1978-01-23 11 THE AUDIOPHILE He 'san inquisitive fellow, what else? And into Hi-Fi. And in The Craft of Sound magazine. What's this thing called an audiophile? He's into hi-fi in a big way, of course. And his pipe and whiskers are for certain. Much else we don't know, but we've crowded quite243 words
-
1049 1978-01-23 12 Reuter TIN MARKET prospects for the coming year are currently dominated by the prospect of indeterminate amounts of tin being released from the 08A's stockpile, Rayner-Har-wtll's annual metal review noted. This prospect is preventing tin prices rising to unprecedented levels as without It,Reuter - 1,049 words
-
153 1978-01-23 12 US House Banking Committee chairman Henry Reuss cautioned the Federal Reserve Board and Treasury against a general policy of intervening to prop up the dollar. »Mr. Reuss noted that in the past two weeks the US central bank and the Treasury have Intervened repeatedly153 words
-
312 1978-01-23 12 Reuter PENANG tia traders aaid ihrv regard u unrealistic waraiag by Perak tia ■risers that electricity power cuta there cauM cat Malaysian tia production by up to 10 par ceat. They were oommeatiag aa a joiat statemeat by all Malaya Chiaeee MiaiagReuter - 312 words
-
Article, Illustration691 1978-01-23 12 SALMA KHALIK - By SALMA KHALIK THE high risk of Industrial accidents In Singapore can be attributed partly to the fact that the average Singapore worker is so young as to be inexperienced, rash and ignorant, said Dr. Phoon Wai Hoong, deputy director of the Industrial Health691 words
-
Article410 1978-01-23 12 RONNIE LIM - ■y RONNIE LIM SINGAPORE'S diamond wholesalers, comprising about a dozen companies, are facing a somewhat tricky situation caused by recent diamond price Increases. They may have to try not to sell too many diamonds just yet. Prices of diamonds imported, for instance, rose by410 words
-
Article, Illustration1192 1978-01-23 12 Agencies PRIME Minister Takeo Fukudt on Saturday pledged that Japan would strive to provide freer access for Imports to reduce the country's trade surplus, which is expected to reach a massive UBSIO billion (5523.4 billion) in the year ending March. "The most urgent problemAgencies - 1,192 words
-
Article321 1978-01-23 12 PORT Klang handled 5.280.200 tonnes of cargo In 197® an Increase of 8.7 per cent compared with 4,879,300 tonnes In the previous year. The cargo, valued at M 56.453.5 million, was 34.8 per cent of the total value of Peninsular Malaysia's trade for the year. Klang321 words
-
Page 12 Advertisements
-
Advertisement49 1978-01-23 12 TODAY Lunch at OKOH OF GINZA I Raffles Quay) N QSar Fantastic Teppan Yaki Steaks! One and only Robata v aki counter in 'owr Come Get It l (S) 9 CD 44 if OKOH OF GINZA ■jponcist? R«?sTdu r cint _ng Leonq Blag Ragles Quay T e l 22"778149 words
-
Advertisement229 1978-01-23 12 A BUSINESS TIMES SPECIAL FEATURE BANKING FINANCE IN SINGAPORE The past few years have seen the rapid development on Singapore as a sophisticated financial centre, now, reputedly, the fourth most important in the world. Today there are 50 Commercial Banks, 26 Offshore Banks, 24 Merchant Banks, 42 Foreign Banks Representative229 words
-