The Business Times, 31 January 1978
1978-01-31
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The Business Times
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Title Section11 1978-01-31 1 BUSINESS TIMES M.C.(P) No. 218/1/78 TUESDAY, JANUARY 31, 1978 50 CENTS11 words
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BRIEFLY...
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Article66 1978-01-31 1 KUALA LUMPUR, Mon. The Malaysian government is prepared to resume talks with Britain on the British Airways' request for permission to fly the Concorde over Malaysian airspace, Communications Minister Tan Sri Manickavasagam said today. "As it Is, the Singapore government is satisfled with the reasons we gave and66 words
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Article62 1978-01-31 1 REPRESENTATIVES from Asean wIU meet US officials in Washington In July In another round of continuing talks following the dialogue In Manila last September. This was disclosed by Mr. Roger O'Nell, chairman of the American Business Council here, who also said that the Asia-Pacific council of the American62 words
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Article48 1978-01-31 1 LONDON, Mon. Venezuela plans to order 12 ore ships of 30,000 tonnes each, said British Shipbuilders, which runs the UK nationalised shipyards. The ships are needed in connection with a large steel complex in Zulla state, and British Shipbuilders would bid for the work. AFP.48 words
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Article71 1978-01-31 1 JAKARTA, Mon. Acting Foreign Minister Mochtar Kusumaatmadja said today he will visit the other four Asean countries to explain Indonesia's stand over the position of the association's Secretary General H.R. Dharsono following his Involvement In domestic politics. General Dharsono had involved himself in the internal affairs of a71 words
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Article63 1978-01-31 1 GENEVA, Mon. A top United Nations official today urged coppermlnlng countries to cut back production to help copper prices, which have slid to the lowest level In 20 years. Mr. Allster Mclntyre, director of the commodities division of Unctad said this is the only direct and meaningful63 words
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Article50 1978-01-31 1 TOKYO, Mon. The Japan External Trade Organisation (Jetro) will publish next month a list of about 5,000 Items varying widely from used cars to art projects which Japanese firms like to Im, Fhe ilst was Complied from Inquiries from 553 Japanese firms, Including 367 trading firms. AFP.50 words
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Article60 1978-01-31 1 BRUSSELS, Mon. New antl-dumplng measures for three groups of steel products from Japan, Spain, East Germany and Rumania were announced today by the EEC. A spokesman Paul Cerf, said antl-dumplng duties equivalent to the difference between the Import price and the basic price published by the Commission on60 words
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Article58 1978-01-31 1 NEW YORK, Mon. Stocks, aided by Indications the economy will remain strong In the near term, headed higher early today In fairly active trading. Against this background, the Dow Jones Industrial average was ahead 1.13 points to 785.25 shortly before 11 a.m. Advances outnumbered declines, 489 to 37058 words
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Chief Price Changes
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Article112 1978-01-31 1 Rites Most active Mentakab 235 Nat Iron 320 STP1975 060 UMW 130 F E Levingiton 280 OCBC 585 Dumioplad 308 Taaak C—it 222 YH8 222 API 84* Foils C8k«Wh 125 AjwrHttuiTIa 810 Berjuatai 730 250 Satna 185 ParitePlaat 178 MUl 15* +65 16 10 +8 +7 +5112 words
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Article, Illustration163 1978-01-31 1 Foils Most active Sanyo 3.38 -.10 Faber Merlin 311,000 Pacific Dev. 2.80 -.08 API 288,000 Tractors 3.48 -.06 Oentlngs 237,000 JC-MPH 1.32 -.05 Supreme 122.000 Peril! 1.81 -.06 Total Turnover: 2.71 M N.S.T. 5.35 -.05 Total Valve: MS4.64 M O.C.BC. Tuck 5.85 2.24 -.05 -.04 Indices Rises163 words
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Article, Illustration1020 1978-01-31 1 SIVA ARASU - $330 M SHELL COMPLEX By SIVA ARASU SINGAPORE'S status as the leading oil refining centre In the region was given another boost yesterday when the Royal Dutch Shell Group announced that It will build a $330 million hydrocracker complex at Pulau Bukom. The plant1,020 words
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Article183 1978-01-31 1 THE flow of Investment from Singapore to Sri Lanka will Increase If a bilateral agreement Is concluded. This will further boost Sri Lanka's efforts to attract foreign Investment by establishing a 520 sq. km. free trade zone (FTZ). Within this zone, imports can be freely imported and183 words
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Article, Illustration586 1978-01-31 1 SOH TIANG KENG - M. Lynch bank to zero in on Asian mart •y SOH TIANG KENG MERRILL Lynch, the world's biggest securities firm from New York, yesterday extended its Asian network by opening its second office an investment bank in Singapore. Sited at Shenton Way, the new company, Merrill Lynch International Asia (MLIA)586 words
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303 1978-01-31 1 AFP MALAYSIA ku decided to set up I multi-commodity exchange to centralize all activities pertaining to future* trading. Deputy Minister of Primary Industrie*, Paul Leong, told a seminar on commodity future* trading in Kuala Lumpur yesterday that he hoped commercial banks and financialAFP - 303 words
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413 1978-01-31 1 RONNIE LIM - •y RONNIE LIM THE Indonesian ban on the export of certain types of wood may hit the Singapore timber Industry very badly. The extent of the damage to the Industry here which imports 80 per cent of Its monthly requirements of $15 million413 words
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Article124 1978-01-31 1 THE United Btates and Singapore opened a weeklong negotiating session here ye*erd«y -terms of a new quota agreement covering the Republic's textile sales to the US. A US Embassy official said the talks were mainly exploratory but the two sides were cloee to starting detailed bargaining, he said.124 words
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Page 1 Advertisements
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Advertisement113 1978-01-31 1 See You Tonight f)irK' and Dance at the sa:?;»' time ::i > >ur Nite Club at NO LX IH A < I Be m>f>th by '>ne <«f the most popular Band Group n town Ihe >reen h Featuring Nightly at the Nite-Club I I, v •I&4* if '.1 r I'A113 words
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Advertisement79 1978-01-31 1 k i V GETTING tkm moot out of o«n- PALL at gloom ovorkaagfef 2 «**********000 8 HOUSTON-Siofopore air INSIDER tnjSbf' fa hard to froigkt ttak i noil 11 FEEDMILL'S ■■iiium ii sot GOVERNMENT to Mil 12pc tko rua-of-tbo-arfll tnt I ot SG AS itiko IS FORUM ob economic witk FOREIGNERS79 words
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Advertisement155 1978-01-31 1 .4.J. k it t i z APS ELECTRONICS (PWWE) LTD *N<UK»*T« *****4 (SUnM) APS ELECTRONICS <M) SON SHO KUALA LUMPUR T« 02-*****0 IT TAKES MORE THAN TOP QUALITY SOUND TO CREATE AN EXCEPTIONAL HI-FI STEREORECEIVER. B A O BEOMASTERS ARE ALSO CREATED: BEOMASTERS™ magic touch controls FM stereo tuner /amplifier155 words
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TRADE AND INDUSTRY
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Article221 1978-01-31 2 COUKSB8 AND TALKS DATES TITLE LOCATION ORGANISER Jan 10-31 Industrial Health and Safety SIM Conference Room SIM 9Feb 2 8.D. Module mElements of Industrial Engineering Hotel Royal Ramada NPB Feb 1 Transactional analysis Hilton Consulasla 4 Ai 11 Telephone Techniques and Courtesies SIM Conference Room SIM 6*7 Marketing221 words
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886 1978-01-31 2 PETER CHIA - By PETER CHIA TIJE LEVEL of computer technology and application In Bouth-east Asia Is as high as In any other part of the world. Similarly, the mistakes made here are comparable with those of developed countries. It Is frequently heard that886 words
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Article189 1978-01-31 2 THE National Productivity Board will conduct a certificate course In management from April 3, comprising six modules. These are general management (April 3 to 27), managerial accounting and finance (June 19 to July 13); marketing management (July 31 to Aug 24); personnel management (Oct 2 to 17);189 words
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369 1978-01-31 2 THE TRADE surplus for Peninsular Malaysia for ths first 11 mouths of 1977 was M 91.31 billion, down from 11.41 billioa in the same period last year. Preliminary figures released by the DspaiUasat of Statistics shew that imBrts were up 16 per coat to369 words
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Article, Illustration386 1978-01-31 2 NEARLY 2,000 tourists from Perth alone came to Singapore last year on postconvention tours. These tours are the Perth Convention and Visitors' Bureau's Ingenious idea to attract conventions from other parts of Australia to Perth, with spin-offs for Singapore as well. "Western Australia In many386 words
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Article, Illustration281 1978-01-31 2 THE VIDAL Sassoon Academy will give a demonstration here on April 9 as part of a tour of Asia and Australia. Sponsored by Western Union Trading and Industries in association with Ho-Nu-Go of Hongkong, the show is for professional hairdressers. The demonstrations will feature281 words
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Article71 1978-01-31 2 MR. A.B. DUNGER, general manager (personnel) of Standard Chartered Bank will arrive here today for a six-day visitHe will hold talks with senior executives of the bank here on staff and training matters. He Is on a tour of the bank's branches In Bangkok, Hongkong, Manila, Kuala Lumpur,71 words
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Article146 1978-01-31 2 THE Confederation of British Industry, has awarded scholarships to four Singaporeans. These scholarships, approved by the Public Service Commission, are for periods up to two years, and are designed to provide practical experience for engineers and other technical personnel. The recipients are sponsored by leading British146 words
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Article125 1978-01-31 2 A UK manufacturer of storage and materials handling equipment, SSI Fix Equipment, has appointed J.L. Morlson Son and Jones the sole agents in Singapore and Malaysia for its product and services. SSI Fix produces storage system* which It says are used worldwide by many major manufacturers Including the125 words
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Article180 1978-01-31 2 AFP SOUTH Korea ha* mapped out a long-term blueprint envisaging an annual growth of 10.1 per cent through 1991, and a per capita grosa national product-of U557,731 (8118,013) by that year. The 15-year plan, drawn up by the Korea Development Institute and* approved by theAFP - 180 words
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Page 2 Advertisements
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Advertisement320 1978-01-31 2 Sow boat i 1 «S!»^ CHINA TRADE QUARTERLY Far East Publications g j 1913, Hanglung Centra, Paterson Street, Causeway Bay, Hong Kong. [Please enter my full subscription to China Trade Quarterly. I am enclosing a cheque/money order for US$2OO.OO or equivalent in other currencies. .of China Trade Quarterly Price includes320 words
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Page 2 Miscellaneous
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Miscellaneous632 1978-01-31 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 When squashed, may be a ■oner (6) T Mustard! (3. 9) Oo out to eat by agreement it A food man and a sound cook (9) U Oear for the conflict out 14 Metal 'boxes wrought In Hastings 19 Hard-working ruler (4) 19632 words
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OVERSEAS
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1023 1978-01-31 3 Agencies CONTRACT talks in the Increasingly bitter 54-day coal strike in United States collapsed again cm Sunday after the United Mine Workers Union rejected the Industry's latest settlement Efforts to stitch together a settlement fell apart when union and management wereAgencies - 1,023 words
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371 1978-01-31 3 UPI BEIRUT'S better-class hotels, which survived the ravages of the civil war, now face a second threat, the virtual disappearance of foreign visitors. With the country still dangling between war and peace, most of the visitors that made Lebanon's Mediterranean capital the touristic andUPI - 371 words
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WORLD IN BRIEF
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Article551 1978-01-31 3 Agencies JAPAN'S emergency imports in fiscal 1977 (ending March 31, 1978) are certain to total about US$l billion (552.33 billion), Economic Planning Agency directorgeneral Kllchl Mlyazawa told Parliament. The Imports were decided last September to try to reduce the country's current account surplus, which Mr. Mlyazawa said wouldAgencies - 551 words
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507 1978-01-31 3 Reuter THE SOVIET economy fell short of the Kremlin's cautious hopes last year In many key areas Including agriculture and production or steel, coal and oil, according to official figures published In Moscow yesterday. National income, closest Soviet equivalent to gross national productReuter - 507 words
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Article99 1978-01-31 3 Reuter THE US government may intervene more directly to force a compromise on Its stalled energy Bill If Congress does not act within the next fortnight. Energy Secretary James Schleslnger, however, hopes such a new initiative would not be necessary and set a deadline of Feb 12.Reuter - 99 words
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927 1978-01-31 3 NYT FOR THE third consecutive quarter, corporate profits for last year's fourth quarter was as high as 9106 billion (***** billion) a year. Almost every major industry participated in the broad advance, although concern over inventory profits, currency losses and Kflt squeezes dampened strong showing.NYT - 927 words
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Article634 1978-01-31 3 NYT Reuter THE Federal government will Implement Its three sales of notes and bonds announced last Wednesday, and Treasury securities dealers expect the USW.7S billion (5515.7 billion) financing to go smoothly. Market analysts also regard the package well conceived and smaller than expected and a factor inNYT; Reuter - 634 words
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Page 3 Advertisements
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Advertisement215 1978-01-31 3 d TmJ F> s I 8 I I I Tt, 231 e S/ *r. r4/> rp '<* a. >> ocf/i Po «V 0/ $361s o^ £> 0> ">4 5 S K I 'J The Straits Times Directory of Singapore 1978 more popularly known as the'BukuMerah', carries more than 27,000 entries215 words
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RAW MATERIALS
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Article263 1978-01-31 4 PRICES advanced after opening unchanged on short-covering Interest, upcountry demand and speculative buying, in Singapore yesterday. The morning market closed firm with February One RSS buyers quoted at 199.50 cents per kilo, up one cent from last Friday's close, dealers said. Turnover was moderate. Afternoon263 words
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Article308 1978-01-31 4 R.A.8. prices In cents per kilo yesterday: Int. 1 R.8.S. prompt f.o.b. Int. 1 R.8.3. February Int. 1 R.8.S. March Int.2R.8S. UK/Cont. Int. 3R.S.S. UK/Cont. Int. 4 R 8.8. UK/Cont. Int. 5R S.S. UK/Cont. Noon (per kilo) Buyers Sellers 199.25 199 50N 199.25 199.50 190.50 199.75 197 00308 words
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Article92 1978-01-31 4 NOON S8R and 8MR prices yetterday Fefcruanr March RAS (Com ■tMth) (F« Ruv« rwiH Mtk) BU> c£u perk«) Buye •Uparkil 38 R 20 (1-ton pallet) 192.00 194 00 N 193.00 195 00N SSR50 (1-ton pallet) 190.00 192.00N 191.00 193.OON SMR5CV (1-ton pallet) 210.50 212.50N 211.50 213.50N SMR5L92 words
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Article29 1978-01-31 4 Rubber: Jan 30 Singapore: February 200.50 cents (up 2.00 cents) Malaysia: February 203.25 cents (up 2.50 cents) Tin $1,641 (until) Official offering: 270 tonnes (up 9 tonnes)29 words
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Article205 1978-01-31 4 BANGKOK rice prices Were quoted as follows yesterday: U8 dollars per tonne fob basis Bangkok While Rice: 100 pet Ist class 370. 100 r:t 2nd class 355. 100 pet 3rd class 350. pet 341. 10 pet 323. IS pet 320. 20 pet 317. 25 pet 315. 35 pet unq.205 words
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Article71 1978-01-31 4 TERMINAL sugar in London yesterday opened £0.50 to £0.10 per tonne down from Friday afternoon's closing levels. Turnover totalled 557 lots. Market sources said sentlment was aided by rumours that the Soviet Union had purchased around 300,000 tonnes of EEC origin white sugar during the past few weeks. The71 words
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Article288 1978-01-31 4 TRADINO was dull but steady at the Singapore produce market yesterday. Small lots of five to 10 tonnes were sold to nearby countries on consumer accounts but such sales did no more than cause tiny ripples in the calm market. Oolng by the nominal prices supplied by the288 words
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Article330 1978-01-31 4 SUOAR futures closed mixed after prices fluctuated narrowly £n moderately active trading yesterday. The Hongkong dally spot sugar price fell 0.20 cents to 8.85 US cents. Cotton futures closed easier with losses ranging from 0.15 to 0.58 US cents, with prices fluctuating narrowly in active trading, dealers said.330 words
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Article126 1978-01-31 4 ROBUSTA futures opened lower In London yesterday. Spot Jan was dOO down from Friday's close. Spot Jan ended the session untraded with the posting of 198 tenderable gradtngs. Some dealers said gradlngs were less than anticipated. Elsewhere March traded within a narrow range close to a chart point levels126 words
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Article80 1978-01-31 4 MARKET talk that Nigeria had applied for shipment extensions of Nov/Jan and Dec/Feb delivery cocoa helped to support terminal prices in London yesterday. Opening call levels were £16.50 to £6.50 per tonne up from Friday against expectations of an unchanged to slightly easier market against New York. The sources80 words
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576 1978-01-31 4 Reuter THE recent low growth rate of the world economy has provided an Insufficient base for real Increases in commodity prices. Amalgamated Metal Corporation (AMC) said in its review of non-ferrous metals, for 1977. The review said the balance between worldwide growth even ofReuter - 576 words
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Article182 1978-01-31 4 THE kllobar In Singapore yesterday opened at 5913.150. which was the low of the day, and cloeed near the high of 8113.225. In the London market, the metal opened at U*****.30/ 00 and cloeed up 91.00 at 1175.90/ 60 In thin trading. The London morning fix was U*****.90, down182 words
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Article71 1978-01-31 4 THE STRAITS Tin price In Penang yesterday rose MSII to $1,041 per plcui, on an official offering up nine tonnes to 270 tonnes following larger deliveries over the weekend. Values were marked higher with buying support from all sources but especially from the US, dealers said. In LONDON71 words
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Article78 1978-01-31 4 COPPER wlrebars finished the morning with all round gains of i'l per tonne in London yesterday. The market was steady on Friday's closing levels with modest short-covering offset by the firmer trend In sterling against the US dollar. Small pockets of physical demand were noted out ring dealings were78 words
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Article56 1978-01-31 4 SILVER finished the morning with losses of 2.3 to 1.9 pence in London yesterday. The decline at New York on Friday and lower gold and firmer sterling against the US dollar combined to depress values, dealers said. The market held steady at the lower levels, however, with ring dealings56 words
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Article52 1978-01-31 4 LEAD finished the morning In London yesterday with gains of mostly £4 per tonne. There was a let-up In the recent heavy liquidation and values worked higher on further trade buying Interest with took Three Months up to £321.50 during late kerb dealings. Sales of 3,800 tonnes were boosted52 words
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Article43 1978-01-31 4 Zinc closed with gains of mostly £3 per tonne In London yesterday. Early trade covering Interest gave the market a boost to C 200.50 per tonne In the ring but profit-taking shaded prices In later dealInn. Sales were modest at 1,800 tonnes.43 words
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Article392 1978-01-31 4 Reuter PENINSULAR Malaysia's crude palm oil output rose to 139,601 tonnes in October from a revised 130,424 tonnes in September and was slightly above the revised 137,357 tonnes in October 1976, preliminary Statistics Department flgu.es show. In the first 10 months, production totalled 1.26 million tonnes,Reuter - 392 words
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MONEY AND EXCHANGES
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Article627 1978-01-31 4 THE local money market yesterday saw considerable taking interest in terms In contrast to last week, and rates generally rose by about 1/18 per cent on Interest which dealers attributed to uncertainty over what the period after the Chinese New Year might bring. The forex market, however, was627 words
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Article52 1978-01-31 4 *1 1 ATST 7 Fkal 1Tiirn» 7 Algwi Bamh 7 THI>h 7W lufM luk 7 Bui rf AMTIM 7 BaakafCkiaa 7 hUlayaa B*akW 7 Buk ttTmky 7 MitMi ■—fc 7 OCBC III J f 7 OUB 7 CkaiMd Buk 7*4 UCB 7H I MB( 7 DBS TH52 words
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Article133 1978-01-31 4 Asian rates ASIAN currency I rue* u at claw a Ifpodl tnt m Jmn 30 rrtwnk US Mia OHm -£T 2 mtn» 3 mths 8 mthi mthi U mthi .Tl/M .71/t .1 1/4 .11/1$ .1 is/it .11/% .11VII •w. m. (MlMtol tU/lt 7 7 1/1 7k/M 711/1# 71/4 7 13/16133 words
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Article43 1978-01-31 4 RANGE of prtcw oft end by houac* on Jan 10: dkacour Ovwnljhi 2% to 3M Call deposit IMk CM 3-Month W Treasury btlU 1 1/4 1 1/1 3-Month Bank bilU 4 1/1 4 1/4 3-Month Cd t |/> > »-Month CD */M 1/1* Source:43 words
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Article45 1978-01-31 4 FRANKFURT exchanges opening quotes on Jan 30: va 2 IISC/» (2 IM6/1110) CM I >130/45 SIC I lIS/125 DFIS3 tt/St 8 rr IM.WK Lit 3.431/4 M F Ft 44 aO/70 N Kr 41M/1* B ft (com) 1.495/ M B Pr (fin) 44/46 Yen •,r>4o/H45 words
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Article201 1978-01-31 4 THE DOLLAR was yesterday quoted around Friday's closing levels against major currencies in very quiet opening business. Operators are reluctant to trade ahead of the US December trade figures due later In the day and President Carter's press conference, also set for the day, dealers said. Some participants expect201 words
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Article149 1978-01-31 4 THE DOLLAR for overnight delivery yesterday closed at 241.60 yen, down from a 241.80 opening but up from 241.30 at Friday's close. Trading was active with volume 9307 million dealers said. No Central Bank Intervention was detected, they said. After opening higher, the dollar rose further In early trading149 words
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Article178 1978-01-31 4 THE US dollar eased yesterday to 2.1125/35 marks In fairly quiet trading from its New York Friday midpoint equivalent close of 2.1153 after opening slightly higher at 2.1180/70, dealers said. There was some selling of dollars when Bahrain entered the market in the early afternoon following revaluation of three178 words
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Article155 1978-01-31 4 Euro rates LONDON Eurodollar deposit rates held basically steady yesterday with a firm undertone in quiet trading. Among period, Two Months was adjusted down 1/4 point to 7-1/4 7-1/8 per cent because of a weekend technicality while Three Months lost 1/8 to 7-7/16 75/16 per cent ahead of the May155 words
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Article216 1978-01-31 4 E r 1 *r 5 1 1 :v!nrWMM t' J H en (MM M DBMH M 7S VI WW WW Tanrtndt%m CtUearpOKW M.r m r M I 1 1 M.07 w 17 ■CKI.ITM ft tl W.W W.W WW W.W CtUearpTli M.« Mi W.W OOhr W.W Total oil «*o*m arts216 words
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Page 4 Advertisements
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Advertisement290 1978-01-31 4 The Business Times of Malaysia and Development Bank of Malaysia Asean-West Asia Investment Conference 1 N Kuala Lumpur, Malaysia, 9-10 March 1978 Asean resources and manpower, West Askn finance and the technology and expertise of the industrialised countries can be harnessed for mutual benefit. The Asean-West Asia Investment Conference in290 words
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TRANSPORT
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215 1978-01-31 5 FT FURTHER high ship losses last year and a bitter rate war in marine insurance markets has left UK marine underwriters showing heavy deficits, according to the Institute of London Underwriters. The value of ship losses last year was about £170 million (***** million), similarFT - 215 words
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216 1978-01-31 5 AFP THE Malaysian Airlines System (MAS) will use Boeing 707s on the Kota Klnabalu Hongkong and Kuala Lumpur Manila routes from April. Informed sources said that MAS Is now negotiating with the governments concerned for the "switch-over" from the sresent5 resent 737sAFP - 216 words
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Article139 1978-01-31 5 Reuter THREE members of the US House of Representatives have protested to Secretary of State Cyrus Vance over the sale of civilian aircraft to South Africa. Democratic representatives Cardlss Collins, Thomas Downey and Dward Markey said the sale of the Cessna aircraft was a majorReuter - 139 words
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Article70 1978-01-31 5 AFP SHIPPING magnate Y.K. Pao confirmed yesterday that his "Worldwide" group of companies is willing to help financially ailing Japan Line but said that details have not been worked out yet. Just back from talks In Tokyo with Japan Line officials, Mr. Pao denied a reportAFP - 70 words
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Article, Illustration379 1978-01-31 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Auby (1300) 21 West Bergen Mam (JYYB) (after Havana Maru) 10/11 Brlanskl Rabotchl (1100 hauls 20m East) 33/34 Qudrun Bakke (1200 after Trianon It Brlanskl RabotoM hauls) 31/32 Mlnetaka Maru (1500) 22 Nedlloyd Kingston Nedlloyd Scnelde) Rajah Brooke (1300) 21 West Sokol379 words
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Article, Illustration767 1978-01-31 5 TERESA LIM - SINGAPORE-HOUSTON LINK •y TERESA LIM PAN AMERICAN World Airways foresees 20 per cent annual growth for air freight between the US and Singapore for the next few years. Pan Am is especially optimistic of the Houston to Singapore route which, it points out,767 words
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Article638 1978-01-31 5 NYT A HOUSE Committee will open two days of hearings today in Washington on a bitter British-American clash over choice of a new system for landing planes In bad weather despite pleas from the Federal Aviation Administration (FAA) to cancel them. The hearing may have an importantNYT - 638 words
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Article304 1978-01-31 5 SEA-LAND SERVICE the first to employ the container In deep water trade is today the largest company In the liner segment of the United States merchant marine. Sea-Land owns Its vessels and rolling stock as opposed to leasing or chartering. In terms of owned vessels, Sea-Land operates a304 words
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155 1978-01-31 5 Reuter TRANBPORT Minister Kenjl Fukunasa said the government believed it advisable for a Japanese airline to buy a European A--300-B Airbus. Mr Fukunaga, answering a question In the Diet (Parliament), said the government was studying "with understanding" a request from the EEC to buyReuter - 155 words
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Article43 1978-01-31 5 Reuter THE Indonesian government will Issues permits for only 150 ships to be docked abroad this year, a report In the Business Newt said. Only ships over 1,500 dwt can be docked abroad. A spokesman for the Communication Ministry declined to comment.Reuter - 43 words
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Article748 1978-01-31 5 ARRIVALS Service Operator Number Loca Tim 1 t From CAL CPA TMA CI331 CX003 TL303B 0040 0145 0215 TPE/HKO/KUL HKG BEY/DXB/ BOM/KUL PAA MAS MAS SIA MAS PA005 MH601 MH682 SQ101 MH621 0215 0715 0810 0815 0635 SFO/HKO KUL KCH I KUL PEN MAS MAS CAL OIA748 words
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Page 5 Advertisements
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Advertisement154 1978-01-31 5 Don't let the language barrier stop you from wider contacts 1 v f ILs fe > R M I \v> c* 3^ vr» cN T IJk m L i i «e* ted tie 3 ct^ cvA P-^ .0" We^ G r,t' .->l' ,d YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use154 words
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Article512 1978-01-31 6 OUTSIDE of North America the worldwide Royal Dutch Shell group of companies will spend upwards of $7 billion this year on new plant and equipment. So the $430 million or so that the local arm of the group has earmarked for Pulau Bukom is small beer.512 words
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Article284 1978-01-31 6 SHIP REPAIRING in Singapore, whatever the gloomaters may say, Is alive and well at least for the state-owned ship repair yards. Keppel Shipyard's announcement over the weekend of a five-fold Increase In turnover to $148 million last year, as compared to Its first year of operation as284 words
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Article, Illustration1908 1978-01-31 6 TSANG SAU YIN - "y TSANG SAU YIN IF THE DIRECTORS of Cathay Organisation had voted yes to an earnest chemist's proposal to start a pilot animal feedmill plant In Singapore in 1951, the film group might also have become a major manufacturer and supplier of pig and1,908 words
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Page 6 Advertisements
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Advertisement541 1978-01-31 6 I I I m /y sine ts Sirwapura FORUM HOTEL US Orchard Road, B'pore t. Tal: *****2 Experience the unique expression of Tanla Oreat Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except Bunday)541 words
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Advertisement164 1978-01-31 6 It (I SWGAPORE HLTON Ml Orchard Bud, S'pore t. Tel: *****3 Hin's Heavenly Cookhouse Hin's Heavenly Cookhouse offers the opportunity to relish the many and varied flavours of Singapore. Exotic Chinese cuisine; spicy Indian curries; delicate Malay and Indonesian foods. all under one roof. During dinner, a troupe of local164 words
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Page 6 Miscellaneous
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Miscellaneous63 1978-01-31 6 WE A THER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 pm on January, 30 at the airport. Maximum Temperature 30.5° C Associated Humidity 68 Minimum Temperature 22.5° C Associated Humidity 95 Hours of Sunshine 9.70 Rainfall in Millimetres Trace63 words
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Miscellaneous283 1978-01-31 6 SINGAPORE 5 3.00 P.M. Opening announcements followed by the Flying Nun (Last episode Repeat) 0 3.30 Diary of Events (English) 3.45 Afternoon Matinee It's a Wonderful World (Pt. 2) Starring: Claudette Colbert, James Stewart 4.05 Science Report 0 4.20 Intermission 6.05 Opening announcements followed by The Road Runner Show 6.30283 words
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Article684 1978-01-31 7 NAN ROBERTSON - »r NAN ROBERTSON in London THE SCENE was the Jewellery Department of Asprey Company on new Bond Street, reached by an elevator that runs only when a tiny key Is turned in a lock on Its wall. A. J. Hard wick was taking a necklace684 words
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Article, Illustration1163 1978-01-31 7 CLYDE FARNSWORTH - INDONESIA decided this week to ban the export of 14 species of fancy wood logs, in order to stimulate the growth of the local processing industry. The 14 banned varieties include teak and ebony the ban on ebony exports starts Feb1,163 words
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Article944 1978-01-31 7 JOHN TAN - [FOBCM^^ ...on economics h JOHN TAN WHEN President Carter was elected, he promised he would reform the US. He would bring down the unemployment rate, he would balance the budget, he would reduce the trade deficit, he would restore sanity to the balance of payments,944 words
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Article, Illustration450 1978-01-31 7 THE WHOLE »tory was not told last week about the 7 yearold wbo asked his mother to turn off his oxygen machine the bit left out was perhaps the most powerful part of the story. The leukaemia-stricken boy, Edouard de Moura Castro of Santa Barbara, California,450 words
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Page 7 Advertisements
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Advertisement386 1978-01-31 7 S'J *5 <3 y nAMAOA IVhotel A HOTEL ROYAL-RAM ADA Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with Just the right touch by our Master Chef And our speciality Fishheads. Ramada Lounge A drink in hand, soothing music for the ears386 words
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Advertisement6 1978-01-31 7 Not a drop is sold TiUitisl2yearsdd6 words
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Page 7 Miscellaneous
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Miscellaneous36 1978-01-31 7 Bnstow: DicienS W6OE. ue GO €»GKT HOU*S ON TV4£ fiGPCH... GLASSES, SON "TOM LCSTIOI csenmt.... SO U>HO CP*«£S THP*T I-VC liwl R SLPI*: PILL vepv«... tmpit'S PIL BewnsiD me H6*T TUo UWKT I'm onrf OuM >v36 words
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INTERNATIONAL STOCK MARKETS
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1104 1978-01-31 8 NYT NEW YORK: As the stock market continues to dawdle along a steadily downward course, the gloom of Wall Street seems to be heightening and so also is the level of concern in the brokerage community about the health and the future of the Investment business.NYT - 1,104 words
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Article677 1978-01-31 8 NYT THE US Securities and Exchange Commission has a tough set of rules governing going-private transactions under consideration that some corporate executives fervently wish would apply to surprise tender offers as well. Under the proposal, the commission would undertake elaborate regulation of buyouts under a novel fairnessNYT - 677 words
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1201 1978-01-31 8 NYT NEW YORK: Last February an Investor, described by his broker as an ultraconservative fellow who usually buys bonds and preferred stocks, took a filer on an over-the-counter Issue called Boothe Computer. He bought 500 shares at US$9 a share In the company, nowNYT - 1,201 words
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833 1978-01-31 8 NYT NEW YORK: Whatever else can be said about the stock market, there are times when It seems to have a long memory. Two months ago. most savings and loan association stocks were trading at close to their 1977-78 highs. With fewNYT - 833 words
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Article170 1978-01-31 8 Reuter STRONG consumer demand helped power General Electric Corp. to a 13.8 per cent gain In profits In the fourth quarter and a 17 per cent gain for the year, chairman Reginald Jones said. GEC's fourth quarter profits totalled US$332 million (1.46 a share), againstReuter - 170 words
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Article267 1978-01-31 8 HONOKONO: The stock market yesterday closed little changed from Friday's closing level In slow trading after profit-taking erased earlier gains, dealers said. The Hang Seng Index was up 0.08 to 400.74. Total turnovers on the four exchanges totalled 525.20 million as compared with 24.26 million previously. jan m HK*267 words
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Article396 1978-01-31 8 TOKYO: Share prices rose in active trading yesterday led by vehicles and pharmaceuticals# dealers said. The Dow Jones averace rose 32 96 to close at 5.007.54 with volume or 330 minion sharea The New Index closed at 380 05, up 2.48. JAN M Yen AJlnomoto 4M 370 ♦5 4-2396 words
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Article127 1978-01-31 8 MANILA: The stock market closed lower yesterday with all sector avcraias declining alightly. and turnover (ell to 1.83 million pesos from Friday's 4.24 million, dealers said. JAN Peao* AcoJcMlnlnc 0078 ♦0 0002 AllAiCon A 13.90 ♦o.a Altai Con. B. 14.00 ♦0 2 Baculo Ooid 0004 unch Benguet Con. B127 words
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Article132 1978-01-31 8 JAN M Bat Its Asia Fibre S3 ♦12 Bangkok Bank 399 •a Bangkok Inveat. 304 unch Bangkok-Metro-politan Bank Bata BertlJucker 532 -4 Carpet Intnl ♦46 -1 Charoong Thai Wire 3S» -11 Dumex Duslt Thanl 360 ♦10 Faber Merlin First Truat ■11 unch Oenera Finance 422 -2 Indo-Thal y— Industrial132 words
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Page 8 Advertisements
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Advertisement207 1978-01-31 8 It ■n. ;A A well-read person is a well informed person. That s why he can always talk about any current event orjoin in on any conversation amongst friends, colleagues or at social functions amongst acquaintances. That's why very often you find many people crowding round one person. He draws207 words
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INTERNATIONAL COMPANY NEWS
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Article314 1978-01-31 9 NORTH AMERICAN COMPANIES Reuter THE Monsanto Co. blamed foreign currency translation Tosses for part of Its 50 per cent decline in fourth quarter profits. The chemical company said Its profits for the quarter were US$2l million (58 cents a share), against the year-ago period's *47.6 millionReuter - 314 words
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Article92 1978-01-31 9 MCDONNELL DOUGLAS said a significant increase in the commercial aircraft market helped boost its fourth quarter profits by nearly 21 per cent and its annual profits by 13 per cent. The company said it received firm orders for 80 DC-9 and DC-10 Jetliners last year, and deliveries92 words
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Article127 1978-01-31 9 Reuter AMERICAN Motors Corp. reported a sharp jump in first quarter profits which It attributed to record Jeep sales. AMC's profits for the three months ended Dec. 31 totalled U551.923 million, or six cents a share, up 63 per cent from the year-ago period's $1,179 million,Reuter - 127 words
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778 1978-01-31 9 NYT WASHINGTON: The Comptroller of the Currency has criticised Citicorp, the United States' second-largest banking concern, for shrinking its capital base through a stock repurchase programme that was completed some three weeks back. In a letter last month, Comptroller John O. Heimann, whoNYT - 778 words
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Article177 1978-01-31 9 Reuter GENERAL Poods Corp said shor t-terar uncertainty of world coffee prices it is likely fourth quarter earnings will tie up from a year ago. General poods reported earnings for the t.hlrd quarter ended Dec 31 of US$3B.5 million or 77 cents per share on sales ofReuter - 177 words
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Article181 1978-01-31 9 Reuter HONEY WEILL Inc. reported a 12.7 per cent rise in profits for the fourth quarter and a 28.3 per cent increase for 1977. Honeywell, a maker of computers and controls instruments, said it entered 1978 with a favourable trend In orders for its control systems andReuter - 181 words
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187 1978-01-31 9 Reuter UNION Carbide Core., the No. 2 US chemical company, reported a 2.8 per cent rise in fourth quarter profits, but a 12.6 per cent dip for the year. The company said cost increases outstripped price rises for the year. The company's fourth quarterReuter - 187 words
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Article466 1978-01-31 9 EUROPEAN COMPANIES THE gravity of the crisis confronting Leyland Cars is expected to be underlined by Mr. Michael Edwardes, British Leyland chairman, when he addresses a mass meeting of shop stewards in Birmingham this week. Forecasts circulating within the company suggest that over the next five years466 words
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Article89 1978-01-31 9 THE subscription agreement for the European Coal and Steel Community's US$3O million issue of 8H per cent notes at 99 per cent due 1985 was signed In Kuwait, joint lead managers Kuwait Investment Company and Hill Samuel and Co said in London, The issue is principally underwritten by89 words
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166 1978-01-31 9 Reuter CAPITAL spending by Shell Chemicals (UK) should double in the current year, finance director Derek Crofton said In the company's newspaper. No figures for 1977 were available from the company, but Informed industry sources estimate £30 million was spent, which would point to aReuter - 166 words
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Page 9 Advertisements
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Advertisement229 1978-01-31 9 <r> 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 3K9 way, of course. And his pipe and whiskers are for certain. Much else we don't know, but we've229 words
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DEALS DONE ON THE SES AND KLS
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Article1369 1978-01-31 10 BID aad ethr prices officially listed aad buaiaesa 1a and (•parted to fee Stock Eiikaaaa oT Siagapere yeetarday wltk tie am a bar of akaraa traded akawa in brackets in ato at 1,888 uaita ualeee alaa apatirtad All time Settlement Coatracta are Sled altar the world "Sett". Board1,369 words
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Article151 1978-01-31 10 4 3/4% 1/V79 (250,000) (10O.MB 100 708) 5 1/4* 15/16/79 (250,000) (101.188 101.228) 6 3/4% 15/8/86 (250.000) (103.MB) 4 3/4* 15/VM (2M.OM) (99.508 99.558) 6 3/4* 1/12/80 (250,000) (103.70B) 5* T F 15/4/81 (250,000) (101.MB) 5* T F 15/10/81 (250,000) (101.45B) 5* T F 1/5/83 250,000) (100.058 IM.151 words
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Article136 1978-01-31 10 B O T 8 1/2* 1961 (100,000) iIMHB 101*8) I O T 7 5/8* 1964 (100,000) (MB B O T Floating 19*4 (IM.OM) (98*B M*S) LTCB J 1982 (IM.OM)(M*B 1008) Credit Lyoanaia Floating 1983 (100,000) (98*B 998) C Itoh 8 1/8* 1984 (IM.OM) (M*B EI B9* 1982 (100,000)(101136 words
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Article173 1978-01-31 10 STRIKING prices of the stock options officially listed on the Slock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of op Cold Storage (March $1.76) (0.308 0.328). (June 81.76) (0.328 0.878). C aad C (March 82.26) (0.488 0.528). (June 82.20)173 words
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Article1341 1978-01-31 10 BID and oflar pricae officially 11* tad and buaines* ia and reported to the Kuala Lumpur Stock Exchange yeetarday with tke number ml akaraa tradad shown in brackets la lots af I,B*B unit* ualeee otkarwiae apedfled. INDUSTRIALS Anna (5.168). AJlmimU (1KB) AlMm (I.BTB 2.818) (1) 1.80. A.1,341 words
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Article150 1978-01-31 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (MiUfen price) for Ja> ii) (Cumtt pr *CM) The Commerce 1.77 188 INCOME BOND 100 1.18 The Saving Fund S pore Prof Fund S pore Security Fund S pore Invest Fund 1.11 l.M 0 81 0.88 160 1.70 1.02 108 MARA BUMIPUTRA150 words
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Article2369 1978-01-31 10 1177/1078 High Low Company Last Bale ♦orGr's Dtv Div C*VT Qr's Y'ld Net P/E Vol (HO) Day High Low SECTION ONE INDUSTRIALS 154 260 119 246 88' 205 169 278 422 146 132 165 58 212 57* 155 144 182 350 91 Acma Alcorn Allied Choc Bala2,369 words
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Page 10 Advertisements
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Advertisement164 1978-01-31 10 COLLECTINQ Oriental jAntiqmej by Judith Moor house and Dries Blitz l~!al Hamlyn Group, London. > i Si in e 11SV Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It is, however, widely believed that they are too expensive for the164 words
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Article, Illustration742 1978-01-31 11 SINGAPORE QUIET and selective trading took place amid generally barely steady conditions on tke Stock Exchange of Singapore yeaterA rally was seen in the early morning bat this petered oat in the afternoon due to lack of followthrough support. Market analysts said that the mild742 words
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Article506 1978-01-31 11 SHARE prices generally edged lower tn selective trading on the Kuala Lumpur stock market yesterday. Business was centred mostly on last week's speculative Issues which enjoyed moderate run-ups. However, support was lacking yesterday. Profit-taking ana some state-bull liquidation accounted for the losses here. Trading was quiet506 words
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Article138 1978-01-31 11 FOLLOWING a severe landslide at Hong Kong Tin's open-cast mines, the KLSE has requested lor an estimation of the losses resulting from the mishap and also to advise as to when production will resume. The landslide, which occured on Jan 20, has burled all Its138 words
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COMPANY NEWS
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2373 1978-01-31 11 CHAN BONG SOO - By CHAN BONG SOO INSIDER trading la definitely prevalent on the stock exchanges of Singapore and Malaysia although It Is impossible to establish the precise extent to which the malpractice Is perpetrated. During the boom-bust market of 1972/73 the Incidence of Insider trading was particularly2,373 words
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LATEST RESULTS
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Article69 1978-01-31 11 Group pre-tax profit $26.32 million ($5.41 million) for the year ended Sept 30, 1977. Tax $13.0 million ($2.01 million), minorities $82,000 ($62,000) leaving attributable earnings at $13.24 million ($3.34 million). Parent company pre-tax prom $19.51 million ($4.58 million). Tax $7.24 million ($1.24 million) leaving net profit at $12.2869 words
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Article247 1978-01-31 11 Cwt—1 pay*** Ks Data Dale payable Total ftr Ike year Total** SEA Lumbar Malayan Cnant G. Tow Miiniry B.KatU U.M. Flour L1m Hoe Uaitod Plaatatioao CCM Souther* Kinta Coaaold Southern Malayaa Tla MTC Tomer loh 3*ITE 12.5*<n) 5*1 10H<n) aos<b) OKI 5*1 1) 150*(C) (C) 36* 3.9*1 Jan247 words
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469 1978-01-31 11 Palm Vegetable objects to receiver appointment PALM and Vegetable Oils (M), one of the companies involved in'the $30 million palm oil crisis last year, Is contesting the appointment of a receiver by one of Its creditors, Malaysia Borneo Finance. PVO's managing director, Dato K K Sharma, said yesterday that an469 words
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Page 11 Advertisements
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Advertisement400 1978-01-31 11 ,5 s 2 w53i.l ifi|- -TS'?£-^ i r—:;.■ 4 f f i i i %%z £ft t 4 THE GREAT BOOKS OF WESTERN CIVILIZATION These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind;400 words
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569 1978-01-31 12 RONNIE LIM - DOMESTIC MARKET OUTLET »y RONNIE LIM OWNERSHIP of electronics manufacturing companies In Singapore is voted mainly In the hands of foreigners. According to the survey of statistical quality control in the Singapore electronics industry, only one-fifth of the companies which responded are locally owned.569 words
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Article235 1978-01-31 12 AFP THAILAND'S trade deficit with Japan tripled from US$l72 million (***** million) In 1970 to $200 billion last year. The Bangkok Bureau of the Japan Trade Centre also revealed that from January November 1977, Thailand bought Japanese goods, notably motor vehicles and chassis fitted withAFP - 235 words
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Article209 1978-01-31 12 PAYA LEBAR Airport maintained growth rates in passenger traffic throughout last year. In 1977, a total of 5.1 million passengers oaed the airport, 13 per cent more than the year before. Growth rates achieved In 1976 over the previous year was 12.9 per cent. Of the209 words
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303 1978-01-31 12 AFP PREBIDENT CARTER'B economic advisers yesterday cast doubt on the prospect of a significant improvement in the West European and Japanese economic situation this year. "Even with the stimulative measures announced at the end of 1977, the appreciation of the yen, togetherAFP - 303 words
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Article127 1978-01-31 12 Reuter A BYNDICATE of 16 Japanese banks signed a contract here with Bank Indonesia for a US$75 million (SSI7S million) loan to Indonesia. The syndicated loan, repayable over seven years, including a three-year grace period, will carry interest of 1.375 per cent per annum above LondonReuter - 127 words
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Article331 1978-01-31 12 UPI PRESIDENT Carter, warning of high oil Imports and balance of payments deficits for several more years, said yesterday the continued strength of the United States economy hinges on enactment of a US$25 billion (5558.3 billion) Income tax cut. In an annual economic reportUPI - 331 words
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Article271 1978-01-31 12 AP AFP HONGKONG'! trade authorities are likely to lodge a complaint over Norway's latest Import restrictions on the colony's clothing and textiles exports. Sources said the Norwegian controls were unilateral and selective and the Hongkong authorities might protest to the textiles surveillance body InAP; AFP - 271 words
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Article786 1978-01-31 12 LONDON, Mon. Prices closed kwer on the first day of the new account on fears of possible wage inflation due to challenges this week to the government's pay guidelines. Some leading equities closed slightly above the day's lows as earlier selling pressure faded, but dealers reported little buying786 words
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Article152 1978-01-31 12 THE Singapore Government is reducing its 51 per cent stake in Singapore General Aviation Service* (SGAS) to 38 per cent with the sale of a 12 per cent Interest to the newly-formed Aviation developments of Australia. This would raise Aviation Development's share to 51152 words
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697 1978-01-31 12 Reuter AFP COMMON Market officials are looking for tncrsasad export order* to China when formal talks ona fiveyear trade agreement between the DC and China begin in Brussels. Negotiators will be. discussing the first formal trade agreement between a state-trading communist country and theReuter; AFP - 697 words
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Article305 1978-01-31 12 Reuter THE PHILIPPINES Sugar Commission chairman Roberto Benedicto believes the new international sugar agreement offers brighter hopes for the industry though the benefits may only be seen in the longterm. "We should not allow ourselves to be deceived that sugar prices will immediately soar just because weReuter - 305 words
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Advertisement354 1978-01-31 12 FROM FEDERAL PUBLICATIONS fM tit A V YAM f1) Mt w \W\ H > 1.- m 1 ..;3' a step-by-step guide An easy to understand yet fully rewarding book on flower arrangement Floral Creations, with its unusually lucid text and thoughtful illustrations, couid make an expert flower arranger of even354 words
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