The Business Times, 3 April 1978

Microfilm: NL9628
Total Pages: 16
1 16 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, APRIL 3, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lee in HK
      49 1 HONGKONG, Sun. Mr. Lee Kuan Yew arrived here today for a week-long unofficial visit accompanied by Mrs. Lee, the Speaker, Dr. Yeoh Ghim Seng and Minister for National Development, Mr. Llm Kim San. During Mr. Lee's absence, Dr. Goh Keng Swee will act as Prime Minister.
      49 words
    • Article
      Lock icon Tanker refloated
      65 1 AFP. WILMELNSHAVEN, (West Germany), Sun. A fleet of tugs today refloated the giant British oil tanker, the 220,000 ton Camden, which rani aground near here during tne night. The vessel, with 134,000 tons of oil on board, was then towed to the berth here it had left last
      AFP.  -  65 words
    • Article
      Lock icon Joining the IMF
      52 1 AFP. TOKYO, Sun. Three East European countries Poland, Hungary and Czechoslovakia are planning to join the International Monetary Fund. The Yomulri dally reported today their admission into the fund would be discussed at the coming IMF provisional committee meeting to be neld in Mexico City late this
      AFP.  -  52 words
    • Article
      Lock icon Unknown waters
      78 1 AFP. LONDON, Sun. Fewer than a third of the shipping lanes around the British coast have been surveyed up to modern standards and checked for hazards to supertankers like the Amoco Cadiz, The Observer newspaper revealed today. Only a quarter of the continental shelf has been surveyed with
      AFP.  -  78 words
    • Article
      Lock icon String of successes
      71 1 Reuter. HONGKONG, Suo. China's textile industry has surpassed its production quotas for the first three months of this year, the New China News Agency reported today. The value of the output increased by 40 per cent over the same period last year, no precise figures were given.
      Reuter.  -  71 words
    • Article
      Lock icon Cheaper crude
      45 1 Reuter. NICOSIA, Sun. The Middle East Economic Survey, published here, said today that Nigeria, Algeria and Libya had decided to reduce most of their crude oil prices for the second quarter of this year because of rising competition from North Sea oil. Reuter.
      Reuter.  -  45 words
    • Article
      Lock icon Worse than Britain
      66 1 AP. LONDON, Sun. The United States, Australia, Italy and Canada have the worse strike records than Britain, despite Britain's reputation for industrial disputes, according to a UK government analysis published today. In Switzerland there were so few strikes that the statisticians could not come up with any
      AP.  -  66 words
    • Article
      Lock icon Oil station
      50 1 AFP. NAHA (Okinawa), Sun. A plan is being pushed to build a giant crude oil trans-shipment station on a small island in Okinawa. This was disclosed by Kazumasa Kishlmoto, Okinawa branch manager of Tokyo-based Futaka Sangyo, when he briefed village assemblymen of the island of Tarama recently. AFP.
      AFP.  -  50 words
    • Article
      Lock icon Higher output
      48 1 Reuter. HONGKONG, Sun. China's crude oil production in the first quarter of this year rose 10 per cent compared with the same period last year. The output of natural gas also went up 12 per cent In the same period, New China News Agency reported. Reuter.
      Reuter.  -  48 words
    • Article
      Lock icon Tough talks
      59 1 Reuter. LISBON, Sun. Portugal faces tough bargaining with an IMF team this week and some economic experts are talking openly about the-possibility of a breakdown. Dr. Vitor Constancio, the Finance and Planning Minister who heads the Portuguese negotiators, said when loan talks resumed last week after a sixmonth
      Reuter.  -  59 words
    • Article
      Lock icon Petronas' depot
      55 1 Reuter. KUALA LUMPUR, Sun. The state-owned oil company, Petronas, has opened its first aviation depot at the Penang airport, signalling its entry into the retail market for petroleum products. The Ss3 million project, begun in 1976, would cater for about 54 million litres of Jet fuel a year,
      Reuter.  -  55 words
  • Article
    TOP TEN STOCKS
    120 1 THE following list of stocks gives the 10 most traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977/78. Company Turnover Pricca High Low 000 Mar 31 1977/
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  • LOCAL STOCK INDICES
    • Article
      SINGAPORE
      69 1 Mar 27 Mar 28 Mar 29 Mar 30 Mar 31 BT Index: 681.32 692.21 675.33 692.61 711.40 Industrials280.97 281.36 282.02 284.25 285.36 Co) Finance: 452.68 452.30 452.49 460.95 467.80 Hotels: 181.73 1&1.77 182.83 183.60 184.28 Properties: 163.91 164.07 164.03 164.35 165.89 Tins. 139.06 139.10 139.15 139.46 140.47 S rubbers:
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    • Article
      MALAYSIA
      83 1 Mar 27 Mar 28 Mar 29 Mar 30 Mar 31 BT Index: 987.96 1000.76 992.62 1005.74 loao.ao Industrials: 312.15 313.00 314.38 316.61 318.62 <a Finance: 380.87 380.66 381.44 385.91 391.63 Hotels: 189.12 188 87 189 12 189.04 189.86 Properties: 163.69 163.89 163.69 164.00 164.82 Tins: 153.83 153.58 153.95 154.37
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  • Article
    Stiff tendering sparks scramble
    868 1  -  ALTERNATIVE ISSUES SOUGHT By COLIN CHEE AGGRESSIVE tendering over the past few days for the recently announced three-year and sevenyear government registered stocks to be made available In the middle of the month has led to a mild scrambling for alternative Issues In the 1 government
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  • Article
    Strike threat over lease
    209 1 SINGAPORE Airlines' plan to provide its own in-flight service on board a Air New Zealand leased DC-10 flying to Auckland, may be affected by a strike threatened by the New Zealand Stewards and Hostesses' Union. The ANZ lease, for which SIA paid $3 million, is to
    209 words
  • Article
    CAR CHECK STUDY
    60 1 THE Ministry of Communications Is studying the minimum age beyond which Singapore vehicles should be regularly inspected, said the Minister of State for Communi- cations. Mr. Ong Teng Cheong. The Registry of Vehicles is formulating a standard code for vehicles and will most likely authorise a few
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  • Article
    MAS is picking members for gold panel
    848 1 IT NOW seems certain thai Singapore's fold futures exchange, first mooted some 3Vj years back, will be established within the year If the Monetary Authority of Singapore's (MAS) Initiative in the project contlnqes at Its present pace. The London gold market recent recognition
    848 words
  • Article
    Call to verify findings
    65 1 ACTING Umno Youth leader, Hajl Suhalml bin Dato Kamaruddln, has suggested that the government verify the recent study on Malaysian workers in Singapore before taking any action. He said although reports on the conditions of Malayslan workers in the Republic would bring an initial reaction of
    65 words
  • Article
    Trade Dept knew cement hike was coming
    314 1 THE TRADE Department confirmed over the weekend its awareness of cement manufacturers' intentions to increase the cement price in Singapore from $118 to <127.50 per tonne. An official from the department said that the manufacturers had been considering a price adjustment for some
    314 words
  • Article
    Borrowers ask for fixed-rate term loans
    608 1  -  •y JOHN TAN HIGH liquidity in Singapore Is doing nothing but good for commercial borrowers. They have been able to take advantage of competition between banks anxious to fill their books to gain the best possible terms. The latest scheme they are asking for
    608 words
  • Page 1 Advertisements
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      25 1 Save with Mi LLJ RICOH Call *****33 for the world s largest selling copier. Film Private l imited S« 1 Tt •C T «'e*i *VLDRS^4?S4
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      Page 1 Advertisements Column 2
      52 1 Only The Best French Continental Cuisine are served! Lunch: 11.30 AM TO 2.30 PM Dinner: 7.30 PM TO 10.30 PM NightW :E*t JIM 2.00 am i? y" Sr m more than just good food Coffee House •Revtunnt Executive Lounge N«« Club Straits Trading Building (Basement) 9. Battery Road. Singapore 1.
      52 words
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      Page 1 Advertisements Column 3
      90 1 FEATURE:Ot medicine ud EXPLORING sculpture magic In Africa 2 workshon.. 7 OVERSEAS interest in produce Wmr „f I' I market 4 SSSt, wcover y for PSA upholds regional status.. 5 fJWE i" venture 10 SOVIETS out loosen FEFC grip 5 OB caters rnnssiidslisu phase It ELVIS nostalgia WARREN Open golf
      90 words
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      Page 1 Advertisements Column 4
      124 1 !NS T -N s.PTt IT p JAL FLIGHT 712 THE TOKYO EXPRESS #<• V NEW YORK VANCOUVER 'VSAN 1 FRANCISCO angelesi (HONOLULU SINGAPORE MEXICO CITY 17 Only on JAL can you non-stop to Tokyo, then make convenient connections to U.S. and Canada. 39 JAL flights depart every week. And as
      124 words
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  • Article, Illustration
    Lock icon The importance of magic . . .
    967 2  - The importance of magic In the West, medical researchers are trying to rediscover the linhs between disease and the patient's environment. But down in Moindo La la in Zaire, they have always known about it and Western medicine is taking the traditional healers of Africa more and more seriously. By
    FT  -  967 words
  • Article
    MEMO PAD
    157 2 DATE TITLE LOCATION ORGANISER COURSES AND TALKS April Industrial Hilton Personnel 3 -20 Relations Organisation Development April 4 US Tax Seminar American American Embassy Embassy April 24- Employee Training Hilton POD May 11 Development April 27 Export Financing Shangri-La IBF May 15- Compensation Hilton POD June 5 Employee
    157 words
  • Article, Illustration
    Lock icon . . . and the reality of spirits
    1033 2  - and the reality of spirits By T.B. PERAMUNETILLEKE FT WOMEN should not eat birds. If they do, they will go from husband to husband like birds,from tree to tree. If children eat eggs, they will become bald as adults. Utter balderdash, says the rationalist. But wait a minute, says Andreas
    FT  -  1,033 words
  • Article, Illustration
    Lock icon EATING IN ARGENTINA RIVALS FOOTBALL
    735 2  -  •y ROBERT HART Reuter. WHATEVER else befalls football fans who come to Argentina for the World Cup finals In June, they should not go home hungry. Eating in Argentina Is a pastime which almost rivals football itself. Argentinians do It vigorously, seriously and with a
    Reuter.  -  735 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      595 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 What, out East, to grow as a cereal (5) 4 Commence to Jump (5) 9 Division of a court (7) 10 Oreen areas for bowls! (5) 11 They're Inclined to be scandalous (5) 12 Just fancy! (5) 13 Stranded, suffering In bed (7) 15
      595 words
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  • OVERSEAS
    • Article
      Lock icon US Steel may have to roll back price hike
      349 3 Reuter, UPI THE MAJOR US steel producers are lining up with price Increase of US$5.5O (5512.65) a ton as announced by National Speel Corp. on Thursday. There are speculation that US Steel Corp, the nation's No. 1 producer, will have to
      Reuter,; UPI  -  349 words
    • Article
      Lock icon China and EEC sign trade pact
      661 3 AP CHINA and the European Common Market sign their first trade treaty today, a document short on specifics but symbolising Western Europe's rivalry with America and Japan to supply China's crash industrialisation programme. Under the five-year pact, China and the community promise to consider
      AP  -  661 words
    • Article
      Lock icon Norway reduces expected oil returns
      196 3 Reuter THE Oslo government has reduced the estimated gross production value of olf and gas from Norway's continental shelf for the period 1978 to 1981 from 142 billion Norwegian crowns to 118.5 billion (5561.77 billion to $51.55 billion), Petroleum and Energy Minister BJartmar GJerde said.
      Reuter  -  196 words
    • Article
      Lock icon Dispute threatens fund
      89 3 AFP. A SALARY dispute between the United States and 6.000 World Bank and IMF officials could threaten the American release of US$2.2 billion (555.06 billion) in credits to the World Bank The dispute arose iast September when US Treasury Secretary Michael Blumenthal told the bank and the
      AFP.  -  89 words
    • WORLD IN BRIEF
      • Article
        Lock icon STERLING BROKERS
        515 3 Agencies. FORMATION of a sterling money brokers association Is expected to follow completion In the summer of the draft code of conduct being worked out by a Joint standing committee, chaired by a representative of the Bank of England. The name and size of the sterling brokers association
        Agencies.  -  515 words
    • Article
      Lock icon Bill to update Bank Act ready for Parliament
      414 3 Reuter. THE BILL updating Canada's Bank Act Is ready to be introduced in Parliament. Department of Finance officials said for the past few months, it was in the Federal Justice Department for final drafting and will be presented to the Cabinet, probably
      Reuter.  -  414 words
    • Article
      N.Y. STRIKE AVERTED
      317 3 NEW YORK City took a first step towards solving Its latest fiscal crisis on Saturday when a bus and subway strike was avoided at the last minute by agreement on a tentative labour contract. With a watchdog Fiscal Control Board and a sceptical US Congress looking over
      317 words
    • Article
      Lock icon Curb on Italian credit growth is extended
      427 3 Reuter, AP. THE BANK of Italy said it Is renewing limits on bank credit for another four months to July 31, restricting credit expansion to 30 per cent of the average level in the second and third quarters of 1976. Previous restrictions that
      Reuter,; AP.  -  427 words
    • Article
      Lock icon Brazil's cut means cheaper coffee
      186 3 AP BRAZIL will reduce the minimum export price of Its coffee starting today from US$2 (554.60) per pound to $1.70, the Brazilian Coffee Institute announced. The action represents a continued Brazilian effort to boost its coffee exports in the wake of a heavy trade deficit
      AP  -  186 words
    • Article
      Lock icon Board's decision on gauging inflation effects
      180 3 Reuter. THE Financial Accounting Standards Board (FASB) has decided that any major chance* in concepts needed to measure the effects of inflation on businesses should be introduced as supplemental disclosures rather than by changing the basic financial statements. FASB aaid it authorised ita staff
      Reuter.  -  180 words
    • Article
      Lock icon Losers in the long run
      74 3 NYT. TWO recently completed Independent studies In the US conclude that the capital gains tax is a blunt Instruments that affects American taxpayers differently: imposing severe Kenaltles on long-term olders whose nominal gains actually represent osses after adjustments for Inflation. The first study, by the
      NYT.  -  74 words
    • Article
      Lock icon Public sector should lead in pay restraint
      959 3 NYT, Reuter THE CARTER administration may get tougher about denouncing inflationary price and wage increases In private Industry, but only if the government sets a good example of self-restraint. Limits on Federal pay raises are examples but government employee unions are resisting them,
      NYT,; Reuter  -  959 words
    • Article
      Lock icon Canada's lower surplus
      182 3 Reuter. CANADA has a seasonally adjusted trade surplus of C 5245 million (B$49S million) in February after a revised $268 million surplus In Januarv. The January figure was revised down from a previously reported surplus of $306 million. In February, 1977, Canada's surplus was $129 million. The
      Reuter.  -  182 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      159 3 f We're branching out in Asia. A'ji'f >%> S"' A ■B-, m WE2 fk m IBJ's Singapore branch provides expanded financial services. On April 3rd the Industrial Bank of Japan upgraded its Singapore office to Branch status, thereby strengthening a key link in our fast expanding Asian network. Together with
      159 words
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  • RAW MATERIALS
    • Article
      FOREIGN RUBBER
      188 4 TERMINAL rubber closed uncertain on Friday in London, at or near the day's lows following sterling's improvement against the dollar after the announcement of a record US trade deficit for February. Dealers said values at the close were mostly 0.05 to 0.25 pence per kilo down from Thursday's
      188 words
    • Article
      Produce exchange
      327 4 AT THE Singapore Chinese Produce Exchange on Saturday, the following prices were quoted at the noon closing: Coconut oil: Bulk $85 sellers, old drum $90 sellers, new drum $95 sellers. Copra: Mixed (loose) UK/Cont. $57 buyers. Pepper: Muntok ASTA white f.o.b. 100% NLW $380 sellers, Sarawak white f.o.b.
      327 words
    • Article
      Straits tin
      185 4 THE STRAITS tin price in Penang on Saturday fell Ms 7 to $1,512 per picul, on an official offering down 50 tonnes to 240 tonnes. In LONDON on Friday, tin on the day gained £15 for cash and £8 for Three Months standard while high grade was up
      185 words
    • Article
      Zinc
      72 4 ZINC closed £2.50 up for cash and £3.50 higher for Three Months In London on Friday. The market advanced In line with copper, with mixed buying and short-co-vering support finding sellers rather reserved. On the afternoon ring, Three Months traded up to £296 before ending the kerb at £294.
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    • Article
      Lead
      75 4 LEAD ended the day €1.50 per tonne up for cash and C 1.25 higher for Three Months, in London on Friday. Prices recouped the morning's losses to close with moderate gains when fresh buying and short-co-vering was attracted by the rally In copper, dealers said. Three Months traded up
      75 words
    • Article
      Coffee
      252 4 ROBUSTA futures closed officially Irregular In London on Friday but with gains of 11 to €14 per tonne compared with Thursday's close. Losses at midday ranged up to t26. Volume totalled 2,349 lots including 47 options. Tne expiry of spot March at a last traded price of t1,500 during
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    • Article
      Copper
      260 4 COPPER wlrebars in London on Friday eased by 11.50 for cash and C 2.50 for Three Months. During the afternoon, values mostly recouped earlier losses on a wave of covering following a pickup in the US futures based on the record trade deficit and its likely impact on the
      260 words
    • Article
      Silver
      307 4 SILVER on the London Metal Exchange gained 4.8 to 5.1 pence per troy ounce on Friday. The afternoon market advanced on nervous shortcovering prompted by the sharp gains at New York following the record US February trade deficit and its likely impact on the US dollar. Three Months traded
      307 words
    • Article
      Rice
      212 4 RICE prices on Saturday were quoted unchanged from the previous trading day. Maize was closed. (Prices In US dollars per tonne f o b. basis Bangkok): White Rice: 100 pet Ist class 437 100 pet 2nd class 422. 100 pet 3rd class4l7 5 pet 408. 10 pet 395. 15
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    • Article
      Gold
      741 4 ON THE last trading day before the Easter holidays, Hold traded once more on that week's high of US$lBl.OO/182.50. Later in the day, however. It suddenly turned rather weak as inany operators obviously preferred to enter the long weekend on square books. Trading was resumed only in the US
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    • Article
      Sugar
      248 4 TERMINAL sugar in London on Friday staged a partial rally In the afternoon on weekend shortcovering and currencybased covering but the market dipped at the final call to close barely steady with losses from Thursday night of 11.25 to 11.85 per tonne. Turnover totalled 1,962 lots including 28 options.
      248 words
    • Article
      Cocoa
      196 4 HEAVY tendering against the expiry spot March position helped send terminal cocoa into a substantial late decline in London on Friday. Losses from Thursday night finally ranged from 15.50 to 157.50 per tonne with prices closing around the day's lows after commission-house outsider liquidation and stop-loss selling. The turnover
      196 words
    • Article
      Soybean
      135 4 SOYBEAN futures registered gains of 18 to eight US cents a bushel at the end of an active trade in Chicago on Friday, aided by the weakness in the dollar and inflation rears fuelled by the record US trade deficit in February. Speculative buying which followed the report of
      135 words
    • Article
      Wheat
      104 4 WHEAT futures in Chicago on Friday continued Thursday's advance by gaining 9 K to 12 US cents a bushel and finishing around the day's highs. Prices Jumped around 10 cents a bushel at the opening as speculative buying took prices into commission house buy stops. The buying interest was
      104 words
    • Article
      Palm oil
      68 4 C.I.F. US dollars per (on: LONDON: Friday Ptwriwu Malaysia i% ffa bulk June 570 sir 572 sir Sumatra S% ffa 590 pd March uneh April May June unch pa 607* pd 615 air 567W/572* pd 575 Sir July 542VW5A5 pd 575 sir August 570 sir 570 sir Nigeria
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    • Article
      Return of overseas interest to the produce market
      576 4 PEPPER prices fluctuated within narrow limits while the other commodities held steady in a quiet Singapore produce market last week. Overseas interest took a turn for the better with buyers in the market for both pepper and coffee. Copra and coconut oil
      576 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        226 4 STERLING was under pressure In the last few days of last week despite Intervention by the UK authorities. It fell sharply from 1.8850/80 level to a low of 1.8560/70 level against the US dollar in the Singapore forex market while £/S$ was also traded downward from 4.3550 to
        226 words
      • Article
        Minimum lending rates
        79 4 WITH the prime rate cut to 7 per cent by DBS and Citibank, virtually all banka in Singapore are now offering the tame term* to their beat cuatomera. Overaea-Chinese Banking Corporation still maintains its 6'« per cent while only Chartered and United Commercial Bank are now sitting
        79 words
      • Article
        Asian $ rates
        286 4 Asian rates THE market appeared cautious last week amid reports of imminent tightening of credit policy by the US Federal Reserve. With lenders reluctant to open positions, rates firmed across the board aided also by rollovers and covering by some banks before the end of the first quarter of the
        286 words
      • Article
        Discount
        373 4 THE annoucement by the Monetary Authority of Singapore of the issue of $575 million of Government registered stock did not show any significant impact on the market last week as the issue was to some extent, anticipated by the market dealers. The interbank money market continued to remain extremely
        373 words
      • Article
        Money market
        75 4 THE local money market was very easy last week with very low overnight trading rates at the range of 1H to one per cent daily to close at -2 to -2' on bast* day. Term rates saw a drop In the Ones, Twos and Threes by about to
        75 words
      • Article
        Zurich
        535 4 THE YEN Jumped to new all-time highs against the US dollar last week despite heavy intervention by the Bank of Japan. The trend of this afterEaster trading was attributed to heavy surpluses In Japanese trade, current account and balance of payments. The US unit subsequently lost ground over a
        535 words
      • Article
        London
        222 4 THE US dollar fell sharply on Friday afternoon on the record US February trade deficit, accelerating the gradual decline of the unit earlier in the day, to finish well down from Thursday's closing levels. It closed at 2.0030/80 marks and 1.8250/8350 Swiss francs, down from 2.0250/65 marks and 1.8785/8805
        222 words
      • Article
        New York
        126 4 AFTER dropping sharply on news that the US had a record U5«4.52 billion February trade deficit, the dollar closed on Friday at its lowest trade-weighted value for nearly three years. The weighted depreciation was the lowest since the average of the week ended June 20, 1975. The day's
        126 words
      • Article
        Euro $ rates
        92 4 Euro rates THE RECORD US February trade dericlt turned Eurodollar deposit rates In London on Friday slightly firmer where changed In the afternoon as offers tended to be withdrawn from the market. Eurodollar depoatu doting quote* on March 31: Weekend 3-1/8. 3 Mon/Tue* and Tue»/Wed 7-1/4, 71/B Call two day*
        92 words
      • Article
        Short term; ' money
        49 4 Short term; money FOR the week ended Friday March 31 the range of ctul rates received from Short Deposits (M) Berhad was as follows: bank fund 3* per cent to 4 T per cent. GENERAL FUND 3% per cent to 4* per cent. Movements of fund totalled $683 million.
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      • Article
        Frankfurt
        48 4 FRANKFURT exchanges closing quotes on March 31: US 2 0185/0200 CUI 1 7850/80 Stf 3 757/787 D F1 83 45/90 S Fr 108 OS/35 Lit 2.237/238 FFr44 05/30 Yen 0 0060/70 B Fr (con) 6 425 435 B Fr < fin) 6 42/43 N Kr 37 90 95
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      Page 4 Advertisements Column 1
      158 4 COLLECTING Oriental Anticnej t: /> -i by Judith Moorhouse and Dries Blitz Rgl Hamlyn Group, London. 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 the average collector. This myth
      158 words
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  • TRANSPORT
    • Article, Illustration
      Keeping regional status main PSA concern
      821 5  -  ■y TERESA LIM THE latest annual report, "lor 1977, from the Port of Singapore Authority (PSA) shows as great a preoccu.patlon as ever with maintaining Singapore's regional port status, and tacitly acknowledges problems with an unwieldy Eort administration ureaucracy. Perhaps a less than thriving
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    • Article
      SIA selects Pratt and Witney engine
      97 5 SINGAPORE Airlines (SIA) has selected Pratt and Whitney aircraft's latest JT9D turbofan engine to power its Tour new Boeing 747-2008 aircraft, Pratt and Whitney announced over the weekend. The aircraft, to be delivered- in August, September and December next year will use the JT9D--7Q
      97 words
    • Article, Illustration
      SHIPS IN PORT
      230 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Hoegh Elite (1500 after Nedlloyd Klmberley) 1/2 1 Druzhba Narodov (P/O) (Tanker) (after Yong Kang) (Subject gas free) 1«/16. Htantawywa (1100) 22 7, "Lexa Maersk (1800 after Michigan) 31/32 Johneverett (1900 after Bunga Bindang) 18 Universe (Floating Campus) (0800) 42/43 Toyofujl Maru
      230 words
    • Article
      Lock icon British Aerospace to ask for project go-ahead
      311 5 FT BRITISH Aerospace, the nationalised aircraft manufacturer, is to recommend to the UK government that the HS-146 70-100 seat four-engined shorthaul feeder-liner be given the full go-ahead for development and production. The project, begun in 1973, was suspended when Hawker Siddeley Aviation (now
      FT  -  311 words
    • Article
      SERENA ON MAIDEN VOYAGE DUE HERE
      234 5 SERENA, multi-purpose cargo veaael specially designed to cater to the Italy/ South-east Asia trade, will arrive in Singapore on or about April 8 on her maiden voyage. Among the cargoes she will carry on her way back to Italy will be bulk latex. Her
      234 words
    • Article
      Lock icon Concern over air insurance losses
      155 5 FT CONCERN over losses In the aviation insurance market, stemming from increased competition for business and a resulting over-capa-city situation in the market, is expressed by the London Aviation Insurance Offices' Association. Mr. Graham Wlllet, asso- ciatlon chairman, points out in his annual report that
      FT  -  155 words
    • Article
      Soviet threat may loosen FEFC hold on shippers
      642 5  -  ly CHAN BONG SOO THE expansion of the Soviet merchant shipping fleet. always viewed with Jaundiced eyes by the Western shipping world combined with the threat posed by non-conference liners, could well loosen the Far Eastern Freight Conference's (FEFC) hold on Singapore
      642 words
    • Article
      Lock icon Vessels ignore safety rules: French navy
      335 5 UPI. FRENCH navy officials said almost all ships and tankers off the coasts of Brittany are ignoring security rules Introduced by the French government in the wake of the wreck of the supertanker Amoco Cadiz. The rules, set up after the Amoco Cadiz caused
      UPI.  -  335 words
    • Article
      Lock icon Transport of goods convention adopted
      190 5 Reuter. A NEW International convention modifying the law on transport of goods by sea has been adopted at the end of a four-week conference attended by the 78 member countries. The new convention, which will be known as the Hamburg Rules, replace The Hague Rules
      Reuter.  -  190 words
    • Article
      Lock icon Hike on cargo put off
      71 5 Reuter THE Inter-American Freight Conference, Section D, said It has postponed until May 1. a 10.33 per cent general rate Increase on cargoes to Argentina, Uruguay and Paraguay. The rate Increase was earlier scheduled to become effective Feb 1, on cargoes to Uruguay and Paraguay,
      Reuter  -  71 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      740 5 ARRIVALS y®rvicf Operator Number Local Tfanc Fran SLA SQ011 0635 SFO/HNL/OUM SAS SK097 0640 CPH/THR/BKK MAS MH601 0700 KUL MAS MH882 072S KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP OLA OA 980 1030
      740 words
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      Page 5 Advertisements Column 1
      195 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Call us for your local or onward reservations i' AUSTRALIA and SOUTH WEST PACIFIC PAPUA NEW GUINEA FIJI J* NEW ZEALAND v At Bank of New South Wales we really know this area...we should... we've been here for 160 years
      195 words
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  • REVIEWS
    • Article, Illustration
      Watch how he undresses her with his eyes
      958 6  -  By ILSA SHARP "l'M REALLY going to hate you a lot!" storms the petulant girl (who. with her granite-carved 1950s coiffure and heavily painted face, looks more like a mature Mum). He swings around, real mean, and mouths with deliberation, "You aren't
      958 words
    • Article, Illustration
      Our Elvis still going strong
      268 6 ELVIS PRESLEY has probably inspired more look-alikes and imitators than almost any other showbiz personality, including that unfortunate Dennis Wise of Florida who recently went so far as to undergo plastic surgery in order to resemble more closely his idol. Singapore too has its own
      268 words
    • Article
      We've got a good bassoon player
      594 6  -  JOE PETERS "THIS thing called the Bassoon" presented by Miss Patricia Ooh on Sunday March 26 as part of the Ministry of Culture series, "Music For Everyone," turned out to be a very unconventional lecture/ recital. Using a variety of devices like slides, demonstrations,
      594 words
    • Article
      Lock icon Society of writers to consolidate its position
      786 7 IMS THE Society of Singapore Writers is hoping to consolidate its position this year and come out with both a v ?fBociety Journal and a —periodic newsletter to serve its 51 paid-up members. It will also continue active —in the movement to form
      IMS  -  786 words
    • Article, Illustration
      Lock icon Brisk Old Masters business
      1288 7  -  By ANTHONY THORNCROFT FT. BUSINESS IS BRISK for Old Masters in the galleries around Bond Street and in the major London salerooms, and the upset caused by the oil crisis Is all but forgotten. Fortunately prices are not roaring ahead just a steady appreciation about in
      FT.  -  1,288 words
    • Article
      Exploring sculpture
      289 7 IT WOULD be surprising If the National Museum were not flooded with applications this week and next as a result of Its latest and perhaps brightest idea for participatory creative art activities. In the latter part of this month and through May to June the Museum will enlist
      289 words
    • Article, Illustration
      Lock icon Revving up for the fall
      810 7  -  »Y BERNADINE MORRIS NYT FASHION on both sides of the Atlantic is revving up for Its most Important season, fall. At a time when the more advanced fashion conscious customer is brooding about whether she wili stick to bikinis for the first summer weekend or
      NYT  -  810 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      593 6 sinQapura FORUM HOTEL AOtuWmafM* MmmHM US Orchard Road, B'pore 9. Tel: *****2 406/407 Havelock Road, 9'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble
      593 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      760 6 VARIETY SHOW: THE Kwangtung Youth Acrobatic Troupe from the People s Republic of China, aged between 9-18 years old will be performing at the National Theatre all this-week' and until April 11, but not today or Friday April 7. Shows are at 8.30 pm and tickets are priced, at $30/20/15/10/5/3
      760 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      246 6 TiVffiffiWDlO SINGAPORE 5 3.00 PM Opening announcements followed by Siruvar Ulagam (Tamil-Repeat) 0 3.30 Diary of Events (Tamil) 3.35 Afternoon Matinee The Blue Lamp (Pt. 1) Starring: Dirk Brogarde, Jimmy Hanley 4.20 Intermission 6.00 Opening announcements followed by Land of The Lost 6.30 News in Brief 6.35 Marine Boy Don't
      246 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      311 7 HOTEL ASIA 37 Scotts Road, Singapore 9 Tel: *****8 KING S HOTEL Havelock Road, Singapore 3 Tel *****1 HOTEL MIRAMAR 401 Havelock Road, Singapore 3 Tel. *****2. CHEQUERS HOTEL 418 Thomson Road, Singapore 11 Tel: *****/7 LADYHILL HOTEL 1 Ladyhill Road, Singapore 10 Tel: *****1 HOTEL NEGARA 15 Claymore Drive,
      311 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      30 7 DUStdW rFrackJ&ck&iS ASSISTANT Peg.Kl»IS, U*LL N(OU STeP IMTO off vce Fc£ fs p t> uice soo To rnefcT OUR U) STpiTo4 i Bf<T'S« H'-VllD (?tc. oc T i a 1
      30 words
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  • INTERNATIONAL STOCKS MARKETS
    • Article
      Tokyo
      461 8 PRICES firmed in active trading on Saturday on heavy buying from Japanese corporates and Institutional investors to reach a post-war record high for the fifth consecutive day. Dealers said the Dow Jones average rose 24.34 points to 5.472.10 with volume of 370 million shares. The Tokyo Stock Suchange Index
      461 words
    • Article
      Market broadly down
      1240 8 NEW YORK THE stock market. Increasingly burdened by Inflation worries, retreated broadly In moderate trading on Friday. Analysts traced Friday's nervousness to another large rise in the nation's money supply, reported late on Thursday by the Federal Reserve. This comes on top of market concern the Carter
      1,240 words
    • Article
      Toronto
      347 8 THE market cloted higher on Friday as real estate issues led a broad advance. The composite was up five points and gains outpaced losses 257 to 183. All but one of the 14 subgroups were higher, with real estate, up more than 62 points reaching an all time high.
      347 words
    • Article
      Selected indices
      34 8 FINANCIAL TIMES INDUSTRIALS Friday 463.8 Thursday 467.7 Week Ago closed DOW JONES AVERAGE INDUSTRIALS Friday 757.36 Thursday 759.62 Week Ago closed LONDON DOLLAR PREMIUM Friday 102'» to 103 Thursday 103'» to 104
      34 words
    • Article
      Frankfurt shares firm
      455 8 FA R'>l A MA A'A7-;7N EUROPEAN bourses closed generally mixed on Friday. Frankfurt share prices firmed partly on hopes of an agreement soon to end the Oerman metal workers dispute, dealers said. Most gains were limited to a maximum of two marks, though BBC added 4.70 marks,
      455 words
    • Article
      Zurich
      194 8 MAR 11 Franci I Actions Suisses 270 1 Alusulsse Br. 1230 •10 Alusulsse Reg 560B Brown Boverl Br IMS -10 Cita Geigy Br 1240 •10 Clba Qelgy PC 890 •15 Clbii Gelgy Reg 6M -3 Credit Suiwe Br 2390 unch C redit Suisse Reg 459 -2 Elektrownlt Br 1825
      194 words
    • Article
      Frankfurt
      203 8 MAR 11 Dm At'l-Ti'lrfunkrn 89 20 ♦0.1 Akzu 21.90 ♦0.1 A1U Leben 618B AUz Vers 480 unch BASK 138 JO ♦0.1 BuyHTWhank 283B Bay Vhunk 31SB Biiytr 140 40 11 BBC 297.50 ♦4.7 BMW 225 50 1 lasvlla 372 unch t'hem V«*rw 233B ('■xnmerzbank 231.SO 1.6 C'noti Gumml 77
      203 words
    • Article
      Paris
      6 8 Paris share prices were unavailable.
      6 words
    • Article
      Amsterdam
      223 8 MAR SI Fls ABN 347.SO -0 5 Ahold 102 00 unch Akzo 23 40 +0.4 AMEV 78 90 -0 3 Arnfas 103 50 -0.5 Amrnt Bank 73.70 ♦0.1 Bergoss 54.50 -1.5 Berk 96 20 -1.1 Bols 69 00 ♦0.4 BorsumlJ 140 50 -1 Burhmann 64 70 ♦0.1 Byenkorf 80
      223 words
    • Article
      Brussels
      90 8 MAR SI Frs 47FORWARD MARKET Acee .220 1 Artwd .2240 -60 Astur 528 18 Brascan 457 -1 Bru-Lamb 1436 -2 Canpac 479 Cock 349 -1 DeBe*rs 173 +J Electrobel 6140 30 Ebes 2350 unch (»B-lnno-Bin 1915 +30 CitV 1264 unch Hobok 2155 ♦5 Petro 3840 -10 Ryl Dutch 1880
      90 words
    • Article
      Milan
      98 8 MAR 31 Lire •Alilc 100 -3 Assoc Gen ***** -50 Basto«i 420 +8 Centrale .1505 Fial 1945 Finstder 74 75 I (ienlimnob 75 75 ♦0.75 IF1 Prt 2110 -31 lUilcementl ***** 680 HaiKas 639 14 Ilalslder 126 25 3.25 M.iRneti M PI 393 ♦6 Marelli Ere 171 •2 M'
      98 words
    • Article
      Jo'burg
      328 8 SHARES firmed across the board on Friday In fairly active trading in line with higher gold bullion indications and following Wednesday's budget. MAR II Rand INDUSTRIALS A Alpha 08 +3 Abercom 158 +2 AE And CI AMIC MO -10 Barlows 358 3 Cc Sugar 810 10 CNA 120 Currte
      328 words
  • INTERNATIONAL COMPANIES
    • Article
      Lock icon SEC acts against Boeing
      280 8 NORTH AMERICAN COMPANIES Reuter. BOEINO Co said the Securities and Exchange Commission (SEC) has authorised court action seeking an Injunction against It in connection with the company's foreign business activities. Boeing also said the Internal Revenue Service (IRS) is Investigating the company's practices on commissions and
      Reuter.  -  280 words
    • Article
      Lock icon HONEYWELL TO GAIN
      82 8 Reuter. HONEYWELL Inc expects modest gains in first and second quarter earnings, executive vice-president C.W. Spangle said. He declined to elaborate and noted that the first two quarters last year were strong periods with earn- ings of US$l.47 per share and $1.41 respectively He noted that In
      Reuter.  -  82 words
    • Article
      Lock icon J.C. Penney raises dividend
      110 8 Reuter J.C. PENNEY said directors Increased the quarterly dividend to US44 cents a share from 37 cents, payable May 1, record April The company said its board also recommended that shareholders approve an increase in the number of authorised common shares to 100 million from 75
      Reuter  -  110 words
    • Article
      Lock icon Ashland Oil expects fall
      112 8 Reuter. ASHLAND OIL Inc said it expects second quarter earnings significantly below the US$2B million or 92 cents a share of last year. Chairman and chief executive Orin Atkins said the coal strike and a sharp drop in refining and marketing profits are the primary causes.
      Reuter.  -  112 words
    • Article
      Lock icon Seoul cement firm loan
      172 8 ASIAN COMPANIES AP SEOUL: The South Korean government on Friday authorised Sangyong Cement Ind. Co. here to borrow US$B3 million from five French firms led by Societe Generate, to build a cement plant with an annual production capacity of 2.8 million tons. The plant, when completed
      AP  -  172 words
    • Article
      Lock icon Woodside cash sufficient
      151 8 Reuter WOODSIDE Petroleum Ltd said to end-1977 cash and short term investments totalling A 527.3 million together with $22.1 million to be raised on the final two calls on its contributing shares will be sufficient to satisfy expenditure requirements. As previously reported, the calls are due April
      Reuter  -  151 words
    • Article
      Lock icon BHP to close shipyards
      86 8 Reuter ADELAIDE: Broken Hill Pty Co Ltd (BHP) will close its Whyalla shipyards at the end of July when work on the last vessel to be built there Is completed. A BHP spokesman said the yard Is presently building a BHP coal carrier. He said BHP
      Reuter  -  86 words
    • Article
      Lock icon Waste firm in good shape
      751 8 Reuter. INVESTORS have been dumping a lot of stocks on Wall Street, but alot of good things have been happening recently to the shares of the shares of Browning-Ferris Industries Inc, a Houston, Texas-based waste management and disposal firm. Browning-Ferris stock, which hit a new
      Reuter.  -  751 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      378 8 JSfe m m r ui The White Lions of TlmbavatJ 2 y. UH An 0^ M L "f m K, i iin w s /t \l vs i m \u js, '*1 1111 Hi »in j > tMMM£ f/x tm th fr\#H ut»K.e A r it r<M -V r>* illustrated
      378 words
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  • MARKET REVIEWS
    • Article
      Share prices stage a strong recovery
      1125 9  -  SINGAPORE •y GOH HIANG FONG SHARE prices on the Stock Exchange of Singapore last week staged a strong recovery after a hesitant and weak opening. Trading volume also increased dally from Just over two million units transacted on Monday to more than 4.4 million
      1,125 words
    • Article
      Company News for the week ended Mar 31
      471 9 SCRIP ISSUE Great Eastern Life: Proposed scrip issue of one-for-two, capitalising 14.6 million. Kramat Tin Dredging: Proposed scrip issue of one-for-flve, capitalising $660,000. Bata (M) Berhad: Proposed scrip Issue of one-for-three, capitalising $3.75 million. Dunlop (M) Industries: Proposed scrip issue of one-for-flve,
      471 words
    • Article
      Lock icon Still optimistic
      546 9 HONGKONG Source: Sun Hung Kai Sec Ltd. FOLLOWING the long Easter break, investors adopted a cautious attitude in early trading on Tuesday. This caution then cave way to outright optimism with heavy buying in selected blue chips. Jardine Matheson was in good demand soaring 60 cents to HKSI3.BO
      Source: Sun Hung Kai Sec Ltd.  -  546 words
    • Article
      TSE tightens curbs
      181 9 THE Tokyo Stack Exchange •old it will tightoa aunta trading curbs ftm April S by raiain* margin requirernooU for all stock* UN pacent including par cent la cash frto the prooeat 50 per cent without cask requirements. The fourth restrictive stop •Aor the Ant measure of March
      181 words
    • Article
      Conditions less active
      756 9 KUALA LUMPUR AFTER the generally easier trading seen previously, the Kuala Lumpur stock market recovered some strength this week to maintain a fairly strong trend. However conditions were not as active as before, with only 17.28 million units traded valued at M 537.03 million as against some
      756 words
    • Article
      Lock icon . . . Dow Jones hits all-time high
      587 9 Dow Jones hits all-time high TOKYO AFP EASING credit and lowering interest rates drove share prices sharply higher in the busiest trading week In five years on the Tokyo stock market. The Dow Jones Indicator of 225-selected issues shot up to a record high of 5,472.10 yen, a gain of
      AFP  -  587 words
    • Article
      According to plan
      929 9  -  LONDON •y GERALD COLVERD JUST seven days away from one of the most important post-war budget statements for the UK economy and the behaviour of London's financial markets can best be described as one of cautious disinterest. The stock market s activity holds at a low ebb
      929 words
    • Article
      Lock icon Disappointing quarter
      858 9 NEW YORK NYT. THE stock market ended the final week of its disappointing first quarter with a token gain In active trading. The Dow Jones industrial average rose 0.86 point to 757.36. The best movers continued to be the secondary issues, which have been outperforming the glamour issues
      NYT.  -  858 words
    • Article
      Lock icon Strong gains registered
      247 9 SYDNEY Reuter A BIG upsurge in institutional and overseas buying activity gave the Sydney share market one of its best weeks this year with strong gains among leading industrial and mining stocks. BHP ended the week at A 55.82, a gain of 18 cents from the pre-Easter
      Reuter  -  247 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      426 9 Achieve your goal in Life! LEAD THE FIELD' and 'KISS' are the harvest of twenty years' intensive research on why people succeed or fail in life, and the selling techniques that really works. The complete programme of 12 power-packed messages each is authored and pre-recorded by Earl Nightingale; "Dean of
      426 words
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  • COMPANY NEWS
    • Article
      Drought takes heavy toll of oil palm
      433 10  -  Market Talk... L A ■y GOH HIANG FONG THE effects of last year's drought In Malaysia on palm-oil production were not seen until the beginning of this year. From January, 1978, crops have plunged by as much as 30 per cent In sbifle
      433 words
    • Article
      UOB in steady phase
      500 10  -  MANO SABNANI AFTER several years of rapid advance, the United Overseas Bank appears to have entered a phase of consolidation and steady, if perhaps unexciting, growth. Net profit for the group as a whole rose only 15.4 per cent to 28.5 million last year In comparison
      500 words
    • Article
      Loytape now unit of Central Securities
      194 10 LOYTAPE Berhad, manufacturers and dealers in selfadhesive tapes has become a subsidiary of Central Securities. In a letter to the Kuala Lumpur Stock Exchange, Central Securities said it recently purchased 561,000 shares of Msl each to increase its holding in Loytape t» 57.38 per
      194 words
    • Article
      SIME IN CRANE JOINT VENTURE
      436 10 RICHARDS and Wellington Industries, one of Europe's largest crane hire groups, have formed a new operating company in Hongkong in partnership with Sime Darby. Trading as Crane Rental and Rigging (H.K.) Ltd., the new venture is a 50-50 partnership. Sime Darby is one of Richards
      436 words
    • Article
      DIVIDENDS ANNOUNCED
      668 10 Current Ex Books Date Total for Total for payment Date cloae payable the year previous year UluBenut 6%<d> Mar 13 Mar 23 Mar 31 6% 5% Taiping Consolidated 15%<n) Mar 3 Mar 15 Mar31 25% 30% Benta 15%<n) Mar 3 MarlS Mar 31 23% 22% Kempas 20%<n) Mar
      668 words
    • Article
      Premium clarifies statement on Sungala sale
      228 10 IN response to KLSE queries. Premium Holdings has now clarified its statement in an earlier communication with the exchange that "the approval (by the FIC for the sale of Sungala Estate) was given after investigation of all the details of the proposed sale together
      228 words
    • Article
      COMPANY MEETINGS
      213 10 Kuala Lumpur Industries Berhad:- AOM to be held at 468-6A, Jalan Ipoh, Kuala Lumpur at 12 noon on April 3. Aluminium Company of Malaysia: AOM to be held at Its registered office. Road 6, Section 13 Petallng Jaya at 10.00 a.m. on April 6. Bata (Malaysia) Bhd: EOGM
      213 words
  • Article
    SHARE INFORMATION SERVICE
    2674 10 1977/1978 Hi(th Low Company Last Sate *Mk ♦wGr'a DW Dhr Cw O'I YK NM P/E W«ak Vol C«M) Waafc HiCk Uw SECHON ONE INDUSTRIALS 178 177* 130 296 88* 247 174 293 422 146 132 110* 58 212 57* 155 144 182 350 91 Acma Alcom Allied
    2,674 words
  • Article
    CHICAGO BOARD OPTIONS
    1398 10 March 31 OPTION APL JLY OCT STOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AUR AtlR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank Am BethS BethS Beth S BethS BethS Burroughs Burroughs ClUcp Cltlcp ClUcp Del Air Del Air Del Air
    1,398 words
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  • MONDAY SPORTS
    • Article, Illustration
      Sachdev grabs Warren Open title despite his putting problem
      587 11  -  By ERNEST FRIDA PREM Sachdev of the Singapore Island Country Club won the Warren Open Golf championship yesterday by the skin of his teeth at Dover Road. Sachdev, 42, fired a seven-over-par 76 to beat his clubmate Tan Puay Kee by
      587 words
    • Article, Illustration
      Lock icon Golf is top priority for LGPA rookie
      1141 11 UPI LOS ANGELES: Nancy Lopez, the bright, new face on the U.S. women's professional golf tour, wears an eye-catching engagement ring she received last Nov. 22. The wedding is a long way off, though tentatively planned for Sept. 15, 1979. But even Lopez
      UPI  -  1,141 words
    • Article, Illustration
      Lock icon Betty Stove — dreaded heavyweight of tennis
      668 11 Betty Stove dreaded heavyweight of tennis UPI. PHILADELPHIA: Chances are you could read an lndepth story about every top woman tennis player during the three months of the indoor winter tour except Betty Stove. All Stove has done is end a year in which she won more than $216,000 in
      UPI.  -  668 words
    • Article
      Lock icon England out, but the shadow's still there
      935 11 Reuter. LONDON: England are out of the 1978 World Cup, but an English shadow will be cast on the finals In Argentina. spread over the Scottish team which will be Britain's standard-bearer in the final 16. Manager Ally Macleod's provisional list of 40
      Reuter.  -  935 words
    • Article, Illustration
      Lock icon Andretti sets his sights on world crown
      818 11 UPI. LONG BEACH. (California): Between the lines, It's obvious how Mario Andretti views his chances of winning Formula One racing's world driving championship. He won't come right out and say It, of course, but he fully expects to be the world champion when
      UPI.  -  818 words
    • Article
      Lock icon Canadian horse breeding makes it to the post
      407 11 Reuter. LONDON: Canada, with a little help from Italy, Is fast achieving a reputation as an international racing power. Twice In the past decade with the Mlnlstrel last year and Nljlnsky In 1970 Canadian breeding has Rroduced world class Drses. As Britain
      Reuter.  -  407 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      42 11 This Announcement appears as a matter of record only NEW ISSUE JANUARY 1978 BANQUE NATIONALE DE PARIS (SINGAPORE BRANCH) U5525,000,000 Negotiable Floating Rate U.S. Dollar Certificates of Deposit Due 30th January 1981 Managed by DBS-DAIWA SECURITIES INTERNATIONAL LTD PAN ASIAN FINANCE LIMITED
      42 words
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  • Article, Illustration
    Another satisfactory growth year likely
    1265 12  -  PROTECTIONISM CAN UPSET CART Br TSANG SAU YIN DESPITE the slowdown in economic growth In industrial countries, Singapore's economy grew by 7.8 per cfcnt last year. With the possible implementation of stimulative measures, prospects are for ahlgher growth rate in industrial countries this year. This,
    1,265 words
  • Article
    Lock icon Asean fair will open eyes of the world
    375 12 Reuter. ASEAN will hold its first trade fair in Manila next month in an attempt to boost iU trade with the outside world, particularly the industrialised countries. The two-week fair, opening on May 7, is expected to attract 250,000 visitors, including 20,000
    Reuter.  -  375 words
  • Article
    Lock icon US to cut stockpile tin sale
    121 12 Reuter THE United States will reduce by 15.000 tonnes the amount of stockpiled tin it plans to sell following a protest received from the Bolivian government. Finance Minister David Blanco said in La Paz. Sources said the US Ambassador to Bolivia. Paul Boeker, informed
    Reuter  -  121 words
  • Article
    Lock icon Burns urges US to muster resources
    629 12 Reuter. NYT OUTGOING member of the Federal Reserve Board, Dr. Arthur Burns, urged the full use of US resources to help stabilise the foreign exchange markets. He said during his last afternoon at the Fed, the US has "enormous resources" at Its disposal. If
    Reuter.; NYT  -  629 words
  • Article
    Local log carriers stand to lose out
    742 12  -  •y CHAN BONG SOO SINGAPORE log carriers and shipping agencies may have a slice of their business taken from them by the agreement reached between the Indonesian National Shipowners Association (Insa) and its South Korean counterpart to limit third party operations in the
    742 words
  • Article
    Lock icon Majority won't revalue their gold holdings
    482 12 Reuter THE United States does not intend to make any change in the valuation of its gold stock, a senior official In the Treasury Department said. The reply was in response to a press query asking what the US Intends to do about the
    Reuter  -  482 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      43 12 NATIONAL DISCOUNT COMPANY LTD CHANGE OF ADDRESS We have pleasure in announcing that effective April 3, 1978 our new address will be: Tower 1403, DBS Building, 6, Shenton Way, Singapore 1 Telephone General Office *****33 Dealers *****44 i; Vjz ?j>, ci* ci* ci*
      43 words
    • Advertisement
      Page 12 Advertisements Column 2
      82 12 Gateway to the Middle East From Singapore UTA's DC 10s' fly 3 times weekly to Bahrain, Pride ot the Gulf. Whether you are travelling on business or pleasure, Bahrain has the most and best flight connections to ABU DHABI, DHAHRAN, DOHA, DUBAI, JEDDAH, KUWAIT, MUSCAT and the rest of the
      82 words
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  • Article
    SHIPPING TIMES
    3069 13 BCHEDPLE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destination the name of the ship, the shipping line Involved, and the estimated dates of arrival and departure from Singapore port. t Consortiums ScanDntch hu a Joint service
    3,069 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      421 13 Scan Dutch V Fast and Regular Service To/From N.C./SCAN/W.MED. Every 10 Days. Singapore: Tel. *****, Port Ketang: Tel. *****1, Kuala Lumpur Tel *****. Penang: Tel. ***** Crl CA/vfr/lin Lineslnc USA deairam Trans-Pacific Service .'He' Se f vce To USA HtMHSI SPORE Soatram VaHoy F*rc*V 15 H* 0«» I* GUI) |_cj
      421 words
    • Advertisement
      Page 13 Advertisements Column 2
      471 13 i O) EVERGREEN LINE RED SEA. MEDITERRANEAN SEA LINER SERVICE EVER PROMOTER Voy. 13-15W EVER PIONEER Voy. 14-15* ETA S PORE LOADING FOR: APR 7 lEDDAH.AQABA Voy. 14-15W APR I PORT SAID. LIMASSOI LATTAKIA. TRIPOLI (LIBYA) GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD., 138. ROBINSON ROAD. SINGAPORE. 1. TEL: *****33
      471 words
    • Advertisement
      Page 13 Advertisements Column 3
      421 13 STRAITS TRANSPORTATION PTE. LTD. COMPANIA NAVIERA MARASIA, S.A. hill CONTAINERSHIP SERVICE TO MO FROM BARCELONA DISCHARGING I LOWING Barcelona p kelang s pore J row p kelang Barcelona NIPPONICA M*r) HAKATA MARU VI M>'* h»2* LAURO/VICEROY/GLOBAL JOINT SERVICE REGULAR INDEPENDENI MONTHLY DIRECT SERVICE TO APAP* IAGOS Smiapwt M«, 3 MU
      421 words
    • Advertisement
      Page 13 Advertisements Column 4
      463 13 MED-AFRICA LINES REGULAR MONTHLY DIRECT SERVICE FROM SINGAPORE TO PORT HARCOURT (NIGERIA) SINGAPORE *M.V. HERA" VOT. 1 25 Apr *A VESSEL 20 May •A VESSEL 20 Inn Container A Brtakbvlk cargo service Transit Twite 26 days Congestion fro* some* Priority Bedtwig private wfcod facilities Gen Agents Far East UNITED STATES
      463 words
    • Advertisement
      Page 13 Advertisements Column 5
      119 13 Nedlloyd Lines Regular Liner Services To/ From All Parts of the World. Singapore: Tet *****. Port Kelang: Tet *****1. Kuala Lumpur Tel. *****. Penang Tel. ***** NOTICES EVERETT STEAMSHIP CORPORATION S/A s/s "Thomaseverett" Vov. 44-E ARRD: 26.3.78 (n P.S.A. GDNS. 33/34 General Survey on damaged cafgo discharged ex the above
      119 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      826 14 SHIPPIN Hapag-Lloyd FULLY CONTAINERISED TO EUROPE Himbvri Eipmi Oiaka Bay B*nav*n Hoof Koof Eiprns Kitmo Maru (m|i Mara CHrti E*ntaa» KmtiKi Mara EXPRESS CONVENTIONAL TO EUROPE Utrtalia Mumtwland Genoa H bur| Rdtni Aatrp 26 4 9 5 8 5 3> 1 S 6/5 11/5 22/5 15/5 17/5 25/5 5/6 9/6
      826 words
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      Page 14 Advertisements Column 2
      834 14 a SANKYO LINE AUSTRALIA SERVICE P Krianc Swgtpore Loading for THREE STAR IMPORT SAILED FREM. ADEL, MEL, SYD KYOSEIMARU S/l Apf V* FREM. ADEL. MEL MAY SKY 9/10 Apr 6/1 Apr BRIS. SYD MAY CARP 20/21 Apr 22/23 Apr FREM. AOEL, MEL KYOTENMARU 27/29 Apr 30/30 Apr ADEL. MEL. SYD
      834 words
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      Page 14 Advertisements Column 3
      551 14 SEA tLAND U.S.*./ ASIA SERVICE DRV REFRIGERATED CONTAJNCR SERVICE SAILING EVERT WEDNESDAY FOR PORTS IN USA CANADA CARIBBEAN. JAPAN KMEA TAIWAN HONG KONG THAILAND AND PHILIPPINES 40TH FlOO*. HONG LEONG BLDG 16 RAFFLES QUAY SING6PORF 1 Customei Service/ Booking *****22 Terminal *****53/ *****37 :«c REGULAR RORO BERVIC Go one better
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      Page 14 Advertisements Column 4
      777 14 Everett Lines/ mk Burmi Fivt Star SkippMf Corpn. ■k "BURMESE NATIONAL LINE" IOADING F0» RANGOON HTANTAKYM HTONEYMA iNPT 1 APti 1/9 VI Is I SS C Aci-nts ~..v s mi T* k\ VAI .1 "elong T*l 38) 7355 Peoanq Th f,2UI ***** m m Everett Steamship Corpn. S/A SMH' CD
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      Page 14 Advertisements Column 5
      668 14 m V V Mti IARDINE —ANTAH Orient Overseas Co*dai*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA omental chief m IS SUS BRIDGE 15W niKHIli Ktfivur I NEPTUNE fUKI M CHEVALIER RO/E IN HKONG CONTAINER lON All vessels call Brem*rha«n after Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) ORIENTAL RESEARCHER
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1376 15 QC.L Overseas Containers Limited FN cwTAmExsaip snvicc to bk/continemt: NAMIORC EtfHU lUU UT ■iunii ROM ROW EXPRESS *11**0 MARU KASUCA MARU CITY OF EBINBUBCN KAMACURA MARU MNALBEB 5 Apr I Apr 21 A»r IS Apr 1f Apr 5 May A«r 1! A|r II «n It Apr Jl Apr 2t Rq
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      Page 15 Advertisements Column 2
      1064 15 Ben Ocean Ajaut service of Ben Line. Blue flmnei Glen Une and NSMO Tt uk/cbntinent (via tan) Due S ngapore P. Kelang Finang Eurooa MTMCIttS 1/ *P r IS/11 Apr 11/14 Apr 11 May Bilbao, Amst, Hburg. Dublin L'pool. BEHMHOR IJ/1I t»r 28/21 Apr 12 Ka» Lett*. Ii mi, MnH
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      Page 15 Advertisements Column 3
      1103 15 BLC BEN LINE CONTAINERS LIMITED M BURC I'MAVtN RDAM HAVRE SOTON Sinfipen P. Kalanf W. Germea), Arstna Banilai Frwci All U.K. SoodiniTi. s >*r iM' a Apr a Apr irimm M' HAMBURG EIPRESS I Mr I Apr BIT aMr Irdlbil 8 •SUA MY 1} Apr II Apr I Ikf lk(
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      Page 15 Advertisements Column 4
      892 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SUEZ WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA FtHtr from P. Ml*! Vtsstl Ml. MJIIU 11/ 4 TO**** FIANCESCA 22/ UIBItAN fran.isca •/1 Niiuait ELEANORA U/ S MB. DELFT S Dorc 1) Mstillet 2 "dim 3) Hburg 4) I 1) hitiiMi. Iran 2) tmtntm, lihnn,
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      Page 15 Advertisements Column 5
      615 15 LOA* FOR E. A 1 AFRICA TESTUNK Mauritius, Reunion. Durban, Mombasa. Tanfa, D salaam, Be re, E.L., P.E., Capetown) Penanf P. Kelanf I*/22 Apr S port IS/10 Apr FORTUNE STIR (Mauritius. Reunion. Durban. E. 1.. PE., Capetown) Penanf P. Ktlatf tl/71 May Sport 11/11 Rbf FMH EAST A SPOT* AFRICA
      615 words
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      Page 16 Advertisements Column 1
      1078 16 FIU.T COHTAINEJUUD SERVICE EMPC (VIA SBEfl S'pon P. Kelar.( L Havre H'&urj Brpmei ORIENTAL CHIEF IV S Apr II Apr M Apr 2 May 3 toy SEVEN SEAS MIOtE 15W 15 Apr 11 Apr 7 May S May II May ORIENTAL RESEARCHER 1V 22 Apr 23 Apr 13 May IS
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      Page 16 Advertisements Column 2
      727 16 AGENTS R JUVABHOV I ÜBAIDULLA &CO 1 JUMABMO* SONS SONS (PTE) LTD SDN BMD M SDN BM(X Singapore I Ku*»» i T«i 91 2511 5 lin#i j *11 !k V T e *****6 8 Por' T«l ibB I») SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER A SAFE WAY TO SHIP
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      Page 16 Advertisements Column 3
      932 16 NEPTUNE ORIENT LINES LTD •FULLY CONTAINERISED SERVICES: ro cmm iro s*zr riart P ldM( nan ORIENTAL CNIEFt I l|r II Apr 27 Apr SEVEN SEAS MIDGE IS Apr 11 Apr J Miy ORIENTAL RESEARCHCI 22 Apr 23 Apr II May :M£VALIE> PAUL 21 Apr M Jjr II May NEPTUNE CORAL
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      Page 16 Advertisements Column 4
      846 16 SfiMfsKg} S MALAYSIA* INTERNATIONAL SHIPPING CORPORATION BEPHAO TO: KL *****4. EXPRESS FULLY CONTAINERISED SERVICE TC/FROM MEDCONTINENT/SCANDINAVIA *rn nhi fet*«r *P. Kelam Ve«»I FIANCESCA H(|. BEJIMA EUMMI M 4 TOTAMA FUKttCI 22/ 4 KOMICAN tki Accaptaf f 1) Barcalau, (mm, D Aattardaa, Aatararp, L Na»ra, Buna. (mm. It, J) Braaaa. S'frort
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      Page 16 Advertisements Column 5
      784 16 INTRASEA (PTE) LTD F ,tbt i House 3-JE O'Ch i• c! Road S>nq,iporf Telephone 35«.'b1 1 2 *****' ±jnkAAMAUIt 1 RESDLAR INDEPENDENT SEMI/FRL CONTAINER SERVICE Tl EBWPE S'pore P. Kelang Penang LaadM Fan *M.V. AESIS ULTIC 13 Apr I Aar 17 Air S'ton/Rdam/H'burg/ M Y LOK VINAY M V BELVAL
      784 words