The Business Times, 8 April 1978

Microfilm: NL9628
Total Pages: 12
1 12 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 218/1/78 SATURDAY, APRIL 8, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Marcos' sure win
      73 1 UPI MANILA, Frl. The Philippine government coalition party's candidates moved slowly towards victory today In the crucial Manila area in the first elections held under President Marcos' martial law rule. Candidates of the opposition People's Power coalition, led by Imprisoned former Senator Benlgno Aquino, Jr charged massive
      UPI  -  73 words
    • Article
      Lock icon Amendment reasonable
      65 1 Reuter HONOKONO, Frl. Hongkong Financial Secretary, Philip Haddon-Cave, said he will explain the proposed amendment to the Inland Revenue Ordlnanqe on Banking Income next week. He would tell the Legislative Council during the Budget debate that the proposed amendment is reasonable in Its Intention, consistent with the general
      Reuter  -  65 words
    • Article
      Lock icon By the hundreds
      101 1 AP KUALA LUMPUR, Frl. Member countries of Asean will Include a few hundred Items under the Asean preferential trading arrangement (PTA) this year. The director of external trade of the Ministry of Trade and Industry, Sabaruddln Chik, said no doubt, the present 71 items that had already
      AP  -  101 words
    • Article
      No hot topics
      66 1 ZURICH, Frl. This month's meeting of central bank governors at the Bank for International Settlements Is expected to be low key with no major special topics on the agenda, informed sources said. The talks, starting on Monday, are expected to continue their running examination of foreign exchange
      66 words
    • Article
      Lock icon Unemployment up
      74 1 UPI WASHINGTON, Fri. Higher unemployment among black women and black teenagers nudged the nation's Jobless rate up to 6.2 per cent In March for the first Increase In seven months, the US Labour Department said today. The increase fromj.l per cent in February was the first since August
      UPI  -  74 words
    • Article
      Envoy to Belgium
      33 1 MR. HWANG Peng Yuan has been appointed as Singapore's new ambassador to Belgium. Prior to this appointment, Mr. Hwang, 42, was the executive deputy chairman of the Economic Development Board.
      33 words
    • Article
      Lock icon Dow Jones
      61 1 UPI NEW YORK, Frl. Prices were mixed In early trading today following somewhat depressing economic news from Washington. Turnover was active. The Dow Jones Industrial average, fractionally lower Just after the opening, was still maintaining a low profile shortly before 11 a.m. It was off 0.35 point to
      UPI  -  61 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      124 1 Rises Most OCtlYO L td Malacca 370 +20 API 390,000 Bovli Supreme Corpn F E Laving aton 220 +20 104,000 324 14 Haw Par 128,000 PMC 336 12 UOB 118.000 Milan Ctainar* 187 12 Total Turnover: 3.74 m Setron 217 11 Total Value: 17.04 m M Flour
      124 words
    • Article, Illustration
      In Kuala Lumpur
      167 1 Rites Most octivo K T Pau Cutlefleld Yeo HS PMC. M Contain Fe-L'«ton N S T. Cnsol PU UE (M) API. M Glass Rothmarvs 2.SO BOO 2.57 3.46 IBS 3.34 3.84 3.80 1 16 1.41 1.50 3 80 .20 .20 +.14 +.14 +.13 +.12 +.10 +.10 .08
      167 words
  • Article
    CDs poised for the next spurt
    1282 1  -  CORPORATE INVESTORS WANTED By COLIN CHEE A TOTAL of US$45O million (551.03 billion) fixed rate Asian dollar certificates of deposit have been issued since the start of this year for periods of up to 12 months. This, said Mr. Ng Kok Song, deputy manager
    1,282 words
  • Article
    Lock icon WHEN OIL PRICE WILL RISE AGAIN
    133 1 AP Reuter SAUDI Arabia's Oil Minister, Sheik Ahmed Zakl Yamanl, said the oil price was certain to increase once Western economies recover and the demand for oil rises. He said on Thursday although his country was affected by the dollar depreciation, Opec is not
    AP; Reuter  -  133 words
  • Article
    Quota review is focus of IMF meeting
    441 1 THE state of the global economy and the 7th review of quotas will be the most Important topics In the series of International Monetary Fund meetings In Mexico City from April 27, informed sources said in Washington. On the first day, the Group
    441 words
  • Article
    Lock icon Oil refinery in Batam is on
    172 1 Reuter INDONESIA and Kuwait have agreed to build an oil refinery on Batam Island, to the south of Singapore. Pertamlna president Plet Haryono said only the technical aspects of the project have been discussed at recent negotiations while the cost of construction, the price
    Reuter  -  172 words
  • Article
    Lock icon EEC acts to counter shipping inroads by Red bloc
    315 1 Reuter THE EEC announced new proposals to counter what it celled the aggressive, noncommercial behaviour of communist shipping lines which undercut Western carriers by up to 40 per cent. An EEC spokesman said the executive commission had drawn up draft measures
    Reuter  -  315 words
  • Article
    SSE likely to win Navy's multi-million dollar deal
    563 1  -  ■y CHAN SONG SOO SINGAPORE Shipbuilding and Engineering (SSE) in Jurong is likely to win a multi-million dollar contract to build up to 12 fast and low-cost patrol boats for the Singapore Navy, and perhaps launch the Republic into the naval craft
    563 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      21 1 B LANIER COURIER the perfect secretary... 5" high 2Vr wide lOoz. wt. works 24 hours a day and never grumbles SateAewt:ooNfVfc'M£3293B/*****3
      21 words
    • Advertisement
      Page 1 Advertisements Column 2
      142 1 LATEST ISSUE The latest Issue of the ASEAN Business Quarterly follows two major themes: The modernisation of rural areas and world markets for toys and games. The former attempts to get at the roots of economic motivation among 80% of the ASEAN population. The latter explores the British, American, West
      142 words
    • Advertisement
      Page 1 Advertisements Column 3
      73 1 Lttdtr Pig* 6 PEOPLE la b—law WHAT Hollar thlaks of local UBOOOO CHINA No overnight cure neera: Avalanche of profit In 1M0? LNG carrier floot expected to CITY Development la tho red 11 •well 5 NO aeeuraace on 888 fare 12 PERSONAL lota market BANKING oa new capital rivalry intensifying
      73 words
    • Advertisement
      Page 1 Advertisements Column 4
      400 1 I:\vrcft Lines KM TM* MOST RIQUINT IAIUNOS TO CMITTAGOWC •CALCUTTA CMALMA RANGOON. Everett Steamship Coprn. S/A THESE ARE THE BOOKS THAT HITLER BURNED i THE GREAT BOOKS OF WESTERN CIVILIZATION Theae in the book* that had to burn For within th« GREAT BOOKS »rt volumes that hold the ideas and
      400 words
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  • TRADE AND INDUSTRY
    • Article
      Push-buttons from next year
      513 2  -  By TERESA LIM ALL NEW telephone subscribers In Singapore will be offered push-button telephones from 1979. The rotary dial telephones of old subscribers, meanwhile, will be phased out over three to five years from that date. In conjunction with this, the Telecommunications Authority of Singapore (TAS)
      513 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      230 2 THE American Express International Banking Corporation announces the election of Mr. Tan Puay Hiang to assistant vice president effective from March 24, 1977, the first Singapore staff to be elected to that position. Mr. Tan Is also appointed manaeer-marketlng responsible for the development of commercial banking and
      230 words
    • Article
      Singapore managers just as good says Heller
      255 2 SINGAPORE managers are as capable as their European or US counterparts. If anything, they are only unfamiliar with Western management principles because of geographical reasons. This assessment was given by Mr. Robert Heller, editor of "Management Today", following his one-day seminar held at
      255 words
    • Article
      Merchant banks study 1973 Act
      513 2  -  ■y NOORJAHAN KARIM MERCHANT banks In Malaysia are seriously looking at the Implications of the Banking Act, 1973. Their discussions have taken on a note of urgency with the statement In Bank Negara's annual report for 1977 that "the time has come for the operations
      513 words
    • Article
      SASSOON SHOW ON SUNDAY
      111 2 THE Botticelli, concave cut and the weave piggyback germ are some of the latest air creations and techniques the Vldal Sassoon artistic team will be showing off to local crimpers on Sunday, at the Shangri-La Hotel. The Sassoon team, headed by Mr. Christopher Brooker, international artistic
      111 words
    • Article
      UOF heads committee
      72 2 UNITED Overseas Finance was elected chairman of the Finance House Association of Singapore management committee at Its recent annual general meeting. Wayfoong Mortgage and Finance and Golden Castle Finance Corp were elected vice-chairman, Fourseas Finance honorary secretary and Overseas Union Trust honorary treasurer. Committee members were Credit
      72 words
    • Article
      MEMO PAD
      130 2 DATE TITLE COURSES AND TALKS LOCATION ORGANISER April 3-20 Industrial Relations Hilton Personnel it Organisation Development April 24May 11 Employee Training Development Hilton POD April 27 Export Financing Shangri-La IBF May 15June5 Compensation Employee Benefits Hilton POD June 25July 3 Employee Relations Communications Hilton POD July 613 Financial
      130 words
    • Article, Illustration
      Listen to this ...
      128 2 Listen to this SONY will be marketing its Betamax video cassette recorder here sometime in July. Mr. Y. Kuroda, deputy managing director of Setron Electronics, Sony's local agent, said that the Betamax uses a paper-back-size cassette which permits up to 3 hours and 15 minutes of recording time. The cassette
      128 words
    • Article
      Lock icon Van Jacket goes under
      270 2 UPI VAN JACKET one of the top Japanese men's clothing manufacturers, has virtually gone bankrupt with debts totalling more than 50 billion yen (***** million). Kensuke Ishlzu, owner of the firm and well-known Japanese men's designer, said his company applied on Thursday to the Tokyo District
      UPI  -  270 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      324 2 The first new idea in encyclopaedias in over 200years-Britannica 3. Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. That's what makes it the most useable reference work ever developed. That's why Britannica 3 is the
      324 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      624 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 4 Menders of drains? (6) 7 Whence to take air trips (8) 5 What can drip? (3-3) 10 Mark get* nothing off him (3) 13 Weed water (4) 14 Lone reformer (4) 15 He's less than the best of friends (4) 14 Cut a huge
      624 words
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  • OVERSEAS
    • Article
      Lock icon Federal aid for NY hinges on labour costs
      736 3 Reuter NYT U8 TREASURY Secretary Michael Blumenthal said New York City may not get federal financial help unless It can hold down Its labour payroll. Mr. Blumenthal told New York Mayor Edward Koch he feared the 6 per cent wage Increase granted
      Reuter; NYT  -  736 words
    • Article
      Lock icon Bonn's current account back in surplus
      302 3 Reuter GERMANY had a provisional current account balance of payments surplus of 497 million marks (***** million) In February after a revised 358 million mark deficit In January and a 343 million surplus In February last year, the Bundesbank said. The Bundesbank said Germany's
      Reuter  -  302 words
    • Article
      Lock icon IMF will consider Peru's request
      590 3 Reuter THE IMF will consider Peru's request for a waiver to allow the country to resume drawings from the US$lOO million (SS23O million) standby credit granted last November. Sources said Peru received one instalment of the credit, but failed by a large margin to meet
      Reuter  -  590 words
    • Article
      Lock icon CARTER WILL VETO
      380 3 Reuter PRESIDENT Carter said yesterday that the proposed farm bill Intended to raise crop prices Is too Inflationary and would be vetoed If It is passed by Congress. Mr. Carter, In a letter to congressional leaders, said the bill would raise the Inflation rate for food to
      Reuter  -  380 words
    • WORLD IN BRIEF
      • Article
        Lock icon CATCHING-UP THREAT
        514 3 Agencies THE BANK of Japan warns that South Korea will become an economic power posing a threat to Japan if It continues growing at the present pace. In a report on South Korea's present economic situation and Its relations with Japan, the bank said Korea Is fast catching
        Agencies  -  514 words
    • Article
      Lock icon Recovery will continue into 1979 says Citicorp
      321 3 Reuter CITICORP vice-chairman, G.A. Costanso, said US economic expansion will continue through 1979 on present momentum plus the added stimulus inherent in the US Council of Economic Advisers' 11 per cent nominal growth targets. But, in a wide-ranging speech to the International Institute
      Reuter  -  321 words
    • Article
      Lock icon US tax policies restrict tourism
      132 3 UPI AN AMERICAN travel Industry official said on Thursday that some of the Carter Administration's tax measures are not conducive to the promotion of worldwide tourism. Edward Johnston, an executive of the San Francisco-based Pacific Area Travel Association said In Manila that these measures might
      UPI  -  132 words
    • Article
      Forecast of $6.4b UK deficit
      316 3 INDEPENDENT British economists using the Treasury computer model of the UK economy forecast an end-1979 balance of payments current account deficit of £1.5 billion (SSB.4 billion) annual rate. The economists see the current account, currently In surplus, running Into deficit as rapidly In 1978/79 as
      316 words
    • Article
      Lock icon House panel okays tentative budget
      1118 3 DEFICIT LESS THAN CARTER'S NYT AP THE US House of Representatives' Budget Committee approved a tentative fiscal plan on Thursday night that calls for a US$5B billion deficit (about Ssl34 billion) in the American fiscal year beginning this Oct. 1. The committee's proposed deficit would
      NYT; AP  -  1,118 words
    • Article
      Lock icon Money forecast off target
      504 3 Reuter US MONEY supply growth (luring the latest week continued to fall behind expectations, leading analysts to believe the market will reassess Its expectations of an imminent firming in monetary policy. For the week ended March 29, the Federal Reserve Bank reported a US$6OO million (551.38
      Reuter  -  504 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      282 3 NEW ISSUE These securities have been sold outside the United States of America. This announcement appears as a matter of record only. 22nd March, 1978 U.S. $30,000,000 Republic of Panama 9i per cent. Notes 1983 (Extendable at Noteholder s Option to 1988) Merrill Lynch International (Asia) Co. The Nomura Securities
      282 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      424 4 PRICES here were unchanged at the outset yesterday. Thereafter, the prices firmed on shortcovering, speculative buying and forward demand. Profit-taking at the higher levels was well absorbed, dealers said. Volume was moderate. The morning session closed higher with April One RSS buyers quoted at 201.50 cents
      424 words
    • Article
      Closing prices
      30 4 Rubber: April 7: Binf par«: April 201.50 cents (up 0.50 cent) Malaysia: M«y 205.75 oents a 0.75 ctnt) $1,513 (op IX) Official offering: 110 tonMa (down II tonnoa)
      30 words
    • Article
      RAS PRICES
      311 4 Prices In cents per kilo yesterday: Noon (per kilo) Cloee (per kilo) Int. 1 R.S.8. prompt f.o.b. Int. 1 R S 3 April Int. 1 R.S.S. May Int. 2 R.S.S. UK/Cont Int. 3 R 8.8. UK/Cont. Int. 4R S S. UK/Cont. IntS R.S.S. UK/Cont. Buyers 201.00 201.75 201.75
      311 words
    • Article
      SSR AND SMR
      91 4 NOON SSR and SMR prices yesterday: RAS Amil (CiuTM Mth) Buyer. Sailers (onupvkfi May (Forward Mth) Buyers Sailers (cents per kf) SSR 20 (1—ton pallet) 192.50 194.SON 193.50 195.SON SSR SO (1—ton pallet) 190.SO 192.SON 191.50 193.SON MRELB May June SMRSCV SMR SL SMRS SMR 10 SMR
      91 words
    • Article
      Palm oil
      70 4 C.I F North European porta in US dollars per ton unlets otherwue stated: LONDON: Thursday Previous Malaysia 5% fa bulk per tonne June Sumatra 5% (la April May June Juiy August September Nigeria 5% Ma bulk stg Ml all unch SMttpd 580/555pd 550/545pd 535/532 unch unq 55#slr 535pd
      70 words
    • Article
      Coffee
      391 4 ROBUSTA futures In London yesterday opened with gains of £2 to £12 per tonne from the previous day. Turnover was 140 lots and the official market tone "slightly easier." Early trading, based on New York's close, made for Initial gains of between £10 and £15 la May and July,
      391 words
    • Article
      Produce exchange
      374 4 PEPPER and coffee prices all eased in a quiet Singapore produce market yesterday. All grades of the white peppers were quoted $5 lower while a greater fall of 910 was seen for black peppers. About 220 tonnes of loose pepper corns arrived from Sarawak. A decline of $10
      374 words
    • Article
      Cocoa
      348 4 TERMINAL cocoa finished the first call in London yesterday £7 to £25 per tonne down on New York but rallied In open trading on chart and trade support, to erase much of the loss and In fact moving ahead in near May. But, again, the market turned easier in
      348 words
    • Article
      Hongkong comex
      213 4 THE sugar market closed slightly higher yesterday In continued dull and featureless trading with four lots traded, the same as Thursday, dealers said. Only September and October deliveries were traded, which rose 0.17 and 0.05 US cents, respectively. The Hongkong dally spot sugar price was steady at 7.70
      213 words
    • Article
      Rice
      203 4 BANGKOK rice prices were Suoted as follows yesteray: (In U8 dollars per tonne, f.o.b. basis Bangkok) While Rice: 100 pet Ist class 442. 100 pet 2nd class 427.100 pet 3rd class 422. 5 pet 413. 10 pet 400, IS pet 392. 20 pet 387. 25 pet 377. 35 pet
      203 words
    • Article
      Soybean
      154 4 AFTER a nervous and choppy trade that swung prices sharply to either side of Wednesday's close, soybean futures finished the session with mixed price changes in Chicago on Thursday. The May contract closed at US$6.B6Vi a bushel, extending its premium over July to 11 cents as July closed with
      154 words
    • Article
      Wheat
      91 4 WHEAT futures finished the session in Chicago on Thursday, Just above the day's lows, posting losses of three to 1W US cents a bushel. Local selling weakened the market, despite appearances of exporter buying. Prices fell as much as five cents at one point as losses extended on com-mission-house
      91 words
    • Article
      SPOT PRICES
      197 4 YAKN and cotton In Hongkong dollars, spot ex-godown: Cotton Vara: China Blue Phoenix 20s I 765. 32s 2.060. 40s 2.190 (per bale of 400 lbs). Piece Geodc China Butterfly and Olobe Brand unq. Dragon Head unq. five Lainbs unq. Flower and Butterfly imq. Flying Ueese unq (per piece
      197 words
    • Article
      Straits tin
      248 4 REDUCED offerings pushed the Straits tin price In Penang MS26 per plcul higher to 11,513 yesterday, *13 above the International Tin Agreement celling. Dealers said turnover was low, apparently due to miners' holding back supplies from the market. Turnover fell to 110 tonnes from 121 tonnes on Thursday,
      248 words
    • Article
      Zinc
      55 4 ZINC had morning gains of 11.50 for cash and £2 for Three Months In London yesterday. Early short-covering in the pre-inarket took Three Months to 1316 but eased back to 1311 following the downturn In copper. In the ring, end-week short-covering steadied Three Months to i'3l4. Sales of 3,300
      55 words
    • Article
      Sugar
      216 4 SUGAR futures finished the opening call in London yesterday down by £0.90 to £0.25 from Thursday but fluctuated irregularly in quiet open trading. The easier tendency could reflect the day's Tunisian buying tender for 10,000 tonnes of both raws and whites which might be expected to attract a fair
      216 words
    • Article
      Generally idle conditions over Easter
      389 4 DURING the fortnight interrupted by the long Easter recess, the softer undertone of late persisted as prices slipped back gradually some four cents before recovering slightly. Conditions were generally Idle before and after the market holidays with incentive lacking and currency aberrations still tending to
      389 words
    • Article
      Copper
      280 4 COPPER wlrebars closed the morning in London yesterday £0.50 higher for cash and £0.50 lower for Three Months. The early pre-inarket was sharply higher following the New York close, with Three Months trading up to CT23 per tonne. Later, long liquidation and profit-taking erased gains based on revised estimates
      280 words
    • Article
      Silver
      170 4 SILVER on the London Metal Exchange yesterday closed the morning with losses of 0.3 to 0.1 pence per troy ounce. Values were marked higher initially in the premarket, reflecting the gains at New York, but an easier trend in gold then dampened sentiment and prices fell back sharply before
      170 words
    • Article
      Gold
      517 4 THE KILOBAR in Singapore yesterday opened lower at 3513,5317d0wn $10 from the previous clow. As a result of the squaring of positions ahead of the weekend, prices moved lower during the day to close at $13,445. Trading in the morning was active but turned quiet In the afternoon. In
      517 words
    • Article
      Lead
      61 4 LEAD closed the morning mostly £0.50 lower In London yesterday. The early pre-market gave ground In sympathy with the downturn in copper. with Three Months trading from £317 down tc £313 before short-covering and profit-taking purchases reversed the trend. The ring closed with Three Months business at £316. Sales
      61 words
    • MONEY AND EXCHANGE$
      • Article
        Singapore market
        441 4 YESTERDAY saw another round of thin trading onthe foreign exchange market with the US dollar holding its own against the major currencies. Opening at 218.70/80 against the yen, the dollar shot up 219.30/40 in the morning and by lunchtlme went to the day's high of 219.85/05. The dollar,
        441 words
      • Article
        Minimum lending rates
        69 4 THE PRIME rata of moat commercial banks in Singapore now stands at 7 per cent. Oversea-Chinaae Banking Corporation ia a till offering 6V« per cent to its boat customer* while both Chartered and United Commercial Bank are their prime rataa at per cent. The atated prime rate
        69 words
      • Article
        Asian $ rates
        146 4 Asian rates ASIAN currency deposit interbank rates u at clo*e on April 7: US Doll ere (Spot) 7 day* Offer BM 15/1# 1 mth 7 i/a 2 mth* 7 1/4 3 mth* 7 1/2 7 3/8 8 mth* 7 3/4 9 mth* 7 13/18 12 mth* 7 15/16 8*. Pre.
        146 words
      • Article
        Discount
        6 4 Source: National Discount Co. Ltd
        6 words
      • Article
        Hongkong
        132 4 AIDED by its advance against the yen in Tokyo, the US dollar yesterday closed firmer against major currencies. Business volume was small with most trading restricted to commercial demand as many dealers were attending the Asian Foreign Exchange and Money Dealers Congress here. The dollar rose to 1.8720/30 against
        132 words
      • Article
        Treasury bills tender
        47 4 RESULTS of tender held on April 7 for 91-day Treasury bills to be issued from April 10 to April 14: OtUnd: t30.000.000 ApplM tar: r70.a00.000 AUatlarf <30.000.000 Ampied Ma: 20 4pproUttu«l«ly 41V higher bid* In full A(Wl|» ral* of diaeoum m alkotmm: S.IMI aa
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      • Article
        London
        253 4 AS TRADING got underway here yesterday, the dollar moved slightly upwards notably against the mark which eased to around 2.0170/80 from 2.0145/60 overnight. Continuing pressure on the Norwegian and Danish crowns ahead of yesterday's EEC 'Summit meeting In Copenhagen was pulling the dollar up against the mark although trading
        253 words
      • Article
        New York
        242 4 IN VERY quiet and featureless trading ahead of President Carter's antiinflation proposals next Tuesday, the dollar closed on Thursday little changed from overnight levels. Dealers said rates showed little fluctuation as operators are reluctant to take up positions until Mr. Carter s programme is disclosed. A smaller-than-expected 0.6
        242 words
      • Article
        Tokyo
        167 4 THE US dollar for overnight delivery yesterday closed higher at 219.20 yen, up from a 218.70 opening and 218.95 at Thursday's close. Dealers said trading was quiet with volume US$352 million and no central bank intervention was detected. The dollar rose in earlv trading to a day's high of
        167 words
      • Article
        Euro $ rates
        107 4 Euro rates QUIET and featureless early trading was reported in Eurodollar deposits yesterday. Short dates, if anything, were a fraction softer for choice, dealers said. Fixed dates opened around overnight levels and have barely moved. Not much rollover or Par Eastern interest has been noted. Eurodollar deposit* opening quota* on
        107 words
      • Article
        Frankfurt
        50 4 FRANKFURT exchange* opening quotes on April 7: US 2 0155/70 (2.0155/65) Can 1.7725/45 8« 3.774/764 DTl 93 56/«« s ft lon.n ts Ut 2 365/75 r f'r 44 25 45 N Kr 37.72'12 B Fr (ron) 6 3788 3W8 H Kr (Hill 6 3W5 405 Yen U Hliw io
        50 words
      • Article
        Australia/NZ
        59 4 AU8TRALIA and New Zealand exchanges on April 7: AUSTRALIA: US dollar 1.1495/1 1447 Sterling 0 6152/0 Ml Ninety-day air mail buying rate* Sterling 0-M07 us dollar M7M Ninety -day forward buying rates Sterling 0 6146 US dollar 1.1474 NEW MA LAND: Sterling 0 54BS/0 54M US dollar 1.QS2S/1.0B2S Ninety-day
        59 words
      • Article
        Zurich
        62 4 ZURICH exchanges closing quotes on April 8: US 1 M2S-M43 SL« 3 4927-4(85 CM 1 8388-8384 O MK KMU-Hil D n M 4783-8083 FPr 40 9345-41 0185 P Ft 5 9180-9258 D Kr 33.9037-4296 N Kr 34.U11-MM 8 Kr 40 8792-72M Lit 0 2188-2192 Aua vh 12 8482-8854 Hurt
        62 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      119 4 For a Successful BANKING Career ILIT PTA ffcRA MA I SCRI NEI'I study with Wisey Hall for the Institute of Bankers CONVERSION COURSE Successful candidates of the Conversion Course will gain direct entry to the Institute of Bankers Part II or Stage II examinations leading to the Banking Diploma (AIB).
      119 words
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  • TRANSPORT
    • Article, Illustration
      LNG carrier fleet expected to swell
      919 5 .BY 1985 a fleet of 115 liquefied natural gas (LNO) carriers will be required to cater for the increase In export of LNO, largely the result of rising demand for "clean" energy by the Industrialised world. According to a publication by the Ocean group,
      919 words
    • Article
      Lock icon Banks taking loans in stride
      254 5 Reuter BANK loans to the shipping industry against mortgaged vessels currently total about US$l5 billion (5534.6 billion), according to Michael Revell, vice-presi-dent of Marine Midland Bank. He told a Seatrade conference In London that American, Japanese and German banks account for at least 80 per
      Reuter  -  254 words
    • Article
      CAF cut
      35 5 THE Australian tonnage committe announces that the Australian Conference Lines will, from April 16, reduce the currency adjustment factor (CAF) from the UK to plus 2.99 per cent, from plus 4.35 per cent.
      35 words
    • Article, Illustration
      SHIPS IN PORT
      363 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Cecllle Maersk (after Fuji Maxim Qorkly) 47 Ende (1800 25 Fortune Runner (0600) 15/16 Hagurosan Maru (JJFV) (0600) 10/11 Hel (after Vlshm Vlkas Toro) 35/36 Makeverett (1300) 31/32 New Lark (0700 29/30 Ocean Supply (0700 after Cherry Villa) 48 Samulun (2300 after
      363 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      143 5 AP GREAT Lakes grain featured again when Peabody fixed the "Reynoldi" from Toledo and the St. Lawrenoe to the Antwerp Hamburg range with a total of 27,000 tona at the respective rates of US$l7 (5139) and $10 (FIO). Great Lakes trading also generated some timecharter employment with
      AP  -  143 words
    • Article
      Lock icon House panel endorses ICAO's choice
      324 5 Reuter A US congressional subcommittee on Thursday unanimously endorsed an international panel's tentative approval of a new Ame-rlcan-made aircraft landing system for worldwide use. The endorsement came from the House of Representatives government operations sub-committee on transportation. It said in a draft report it could
      Reuter  -  324 words
    • Article
      Gearing for 21st Century
      83 5 AIRLINES must begin planning now to meet the world's transport needs of the 2lst Century. Scandinavian Airlines System president, Knut Hagrup, said on Thursday at a Scandinavian trade conference at Pacific Lutheran University (Washington) world airlines must not allow technological changes and other developments upset the
      83 words
    • Article
      Lock icon PRINCESS ANNE
      106 5 AFP THE FIRST British second generation hovercraft an enlargement of an earlier model was launched In Cowes on Thursday. Called the model Super-4 and named the Princess Anne, the new craft can carry 416 passengers and 00 cars. It was designed and made S 3rltlsh Hovercraft Corration and
      AFP  -  106 words
    • Article
      Lock icon US urged to take lead in ratifying safety pacts
      570 5 UPI AP US DEPUTY Transporta- tlon Secretary Alan Butchman said on Thursday the United States won almost everything it asked for at a recent International conference on tanker safety and should quickly approve agreements reached at the talks. Mr. Butchman, testifying
      UPI; AP  -  570 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      669 5 ARRIVALS Service Local Operator Number Time Prom CALL CI333 0040 TPE/HKG/KUL TMA TL345 0.130 BEY/DXB/BOM MAS MH682 0725 KCH MAS MH621 0840 PEN MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP CAL CI814 100C HLP RBA BI323 1025 BWN GIA GA980 1030 HLP THAI TG423 1035 BKK
      669 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      256 5 m E <9 yj s/r m m 9. ft V w m M WW I 1 a (St I I i H i««S ■I V Va tiM' m >N* W an 9 <ivw 111? I m a a m m 1 gas S3 DON'T CROWD ROUND OTHERS, LET OTHERS CROWD
      256 words
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  • Article
    Malaysia facing up to realities
    481 6 THERE has been of late a discernible movement by the Malaysian government away from socio-poli-tical posturing towards the acceptance of harsh economic reality. Just how far they have moved Is shown In the recent remarks by Deputy Prime Minister and Minister of Trade and Industry,
    481 words
  • Article
    IMF meetings will see cool heads
    306 6 THIS month's International Monetary Fund meetings may set the stage for less emotional and therefore more constructive talks on the problems of global economics and the distribution of wealth. Discussion on Third World concerns by Its development committee, in fact, may be the closest
    306 words
  • Article, Illustration
    A playground for bankers with the money to lend
    1494 6  -  By COLIN CHEE THE personal loan market has become almost i playground for Singapore bankers anxious to flex their excess funds ln t nontradltlonal areas, to compensate for the now prolonged slack in Investment and commercial loan demand. Since the early
    1,494 words
  • Article
    Lock icon Alice in London house market
    873 6  -  ■y RUTH GRUBER UPI IF YOU buy a house In London these days, you conduct your business In an Alice-in-wonderland world where nothing is quite what it seems. It's a sellers market where demand far outstrips supply. Prices have been driven up by as much
    UPI  -  873 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHERWEATHER outlook for Singapore from 6 a.m. to noon today: Occasional showers. Report for 24 hour* prior to 7.30 p.m. on April 7 at the airport. Maximum Temperature 32.9° C Associated Humidity 67 Minimum Temperature 24.1° C Associated Humidity 98 Hours of Sunshine 4.45 Rainfall in Millimetres 16.5 Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      286 6 m SINGAPORE 5 1.00 PM Opening announcements followed by Sesame Street 2.10 Saturday Matinee Sword Of Ali Baba, starring Peter Mann, Jocelyn Lane, Peter Whitney, Frank McGrath 3.30 Police Surgeon Dark Pages 0 3.35 Soccer Malaysia Cup '78 Singapore Vs Kedah 0 (Repeat) 4.55 Sandiwara Satu Tekad Satu Penentuan (Repeat)
      286 words
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  • Article, Illustration
    Prescription for a leaner US economy
    1338 7  -  »y ALAN CHALKLEY IT has become a topsy-turvy trading world. When you point this out to American statesmen in South-east Asia and there are a lot of them going the rounds they agree, with a shrug. "We just have to get out on our
    1,338 words
  • Article, Illustration
    Oil-importing LDCs export more to industrial world
    772 7  -  »y NOORJAHAN KARIM IN A year of shrinking world trade, oil-importing developing countries increased their exports to industrial countries by 20 per cent In dollar terms. This was far higher than the 12 per cent increase in overall exportsImports of the industrial countries.
    772 words
  • Article
    STRAWS IN THE WIND
    436 7 SEEN among the weekend hordes touring the new Lucky Plaza shopping centre in Orehard Road, the latest entertainment attraction in town, an anxiously interested Mr. S. Dhanabalan, executive vice-president of the Development Bank of Singapore, which of course owns the already successful shopping complex at Plaza
    436 words
  • Article
    Lock icon Diamonds are sound buys
    1125 7 FORUM, f 1 ...on investment By HOCK LOCK SIEW WHILE their husbands have been wasting their time tolling away at the office trying to eke out a Uvlng for the family, or holding serlQus discussions over lunch and cocktails on that' nebulous subject called "a profitable
    By HOCK LOCK SIEW  -  1,125 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      219 7 UROPE and UK/IRELAND ngapore iate connections Central and r cities in ica. l&L mi E-1L yrf&r- v ROYAL DUTCH AIRLINES G2, Mandarin Hotel Arcade 333 Orchard Road Singapore 9. Tel: *****1 Gl6, Kompleks Antarabangsa/jalan Sultan Ismail Kuala Lumpur, West Malaysia. Tel: *****1 F7, Park Hotel Building P.O. Box 1060 Miri,
      219 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      49 7 BriStdW: Franjc Dickens Tv4»S N€*T OFFICE ts —"fufcac UMTV*XTT SUGPtg ii ftftisTou)—How ouamy Times do HPWeTb BCTbID.WoU r?l9?r iPe^ rr UfIEJCMf *>°* UIORKl" IF I CATCH VDU slagcm once mote. B€. SORRvf RHP THRTS > f» PgomtSfe y i < V Is?v~^^ p»u)p>v/ THege.euzpsem f 1 CP*NT Bef* TO see
      49 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Lock icon Substantial setback
      568 8 TOKYO Source: DBS-Daiwa SHARE prices were substantially set back on the Tokyo stock exchange yesterday as Investors took to the sidelines. Following the strengthening of margin restrictions, nonMargin Issues such as Dalwa jelko, Tokyo Tana be, Tsugaml jind Hoya Olass were pur„,On the other hand, largeCapital issues such
      Source: DBS-Daiwa  -  568 words
    • Article
      Sydney
      457 8 THE market was firm yesterday. with interest centring on Industrial leaders. Dealers said BHP rose four to 6.14 after earlier touching 6.18, while CSR gained seven to 2.70. the ANZ five to 2.75 and the Bank of NSW eight to 5.30. :!.~Among minings. North BH japse four to 1.13
      457 words
    • Article
      Lock icon Hongkong
      432 8 Source: Sun Hung Kai Sec Ltd EARLY market sentiment yesterday was completely governed by lines of HK Bank shares on offer both from locals and overseas centres. Traders backed away in fear of an overspill Into other sectors. This Indeed was the case with Swire coming under pressure down
      Source: Sun Hung Kai Sec Ltd  -  432 words
    • Article
      Bangkok
      163 8 APR 97 Bah is Asia Fibre 263 -4 Bangkok Bank 381 -4 Bangkok Invest. 374 -6 Bangkok-Metro-politan Bank Bata 800 unch BerllJucker 494 -a CarpetIntnl Charoong Thai Wire 316 -4 Dumex DusitThanl 325 -13 Faber Merlin First Trust 333 -13 Genera Finance Indo-Thai Industrial Finance Corp 2575 -10 J
      163 words
    • Article
      Selected indices
      49 8 FINANCIAL TIMES INDUSTRIALS Wednesday to 102'» H.K. HANG SENG Thursday 471.4 Wednesday 470.2 Week Ago 467.7 DOW JONES AVERAGE INDUSTRIALS Thursday 763.95 SYDNEY INDUSTRIALS Friday 402.60 Wednesday 763.08 Week Ago 759.62 LONDON DOLLAR PREMIUM Thursday 103'* to 103*« ALL ORDINARIES Friday 460.14 Thursday 459.44 Week Ago 454.90
      49 words
    • Article
      Prices higher
      1146 8 NEW YORK STOCKS, broadly higher In early trading turned mixed, finishing slightly higher In active trading on Thursday. Analysts said the market was following through on Wednesday's strong advance but was held back by news on Inflation. President Carter said he would announce new steps to fight Inflation
      1,146 words
    • Article
      Toronto
      190 8 apr m AblUbl Atcan Alfoma Bank Mont Bank Nova Scotia Bell Tel Beth Corp BP Can Ltd Braacan Camp Red Lake Can Imp Bk Can par Canpac In* Pf CarUnj O Keefe Comlnco Corn Bath ConaMartoenor C» 12** 29* UK 19* It* J4* Is* 15* 35 27 17* KB
      190 words
    • Article
      Jo'burg
      355 8 GOLD shares moved off the top towards Thursday's close following rumours of possible US Treasury gold sales. Most gold counters were, however, higher for the day in line with the higher bullion Indications, with trading quiet. Financial mlntngs were quietly mixed where changed De Beers gained tlx cents to
      355 words
    • Article
      Shares actively traded
      638 8 EUROPEAN MARKETS L J MOST European bourses closed firmer in lively trading. Paris prices went rirmer in an active session shortened by a bomb scare. Operators were satisfied with the new French government and the choice of Rene Monory as Economics Minister. Creusot-Lolre. initially unquoted due to
      638 words
    • Article
      Frankfurt
      237 8 APR K Dm Aef-Telefunken 89 80 -0 3 Akzo 23 20B Allz Leben 620B Allz Vers 492 ♦2 BASF 138 50 -0# Bay H T Wbank 287 SOB Bay Vbank 319 SOB Bayer 142 70 -0 8 BBC 298 •2.1 BMW 228 Caaaella 385 unch Chem Verw 239 Com
      237 words
    • Article
      Paris
      295 8 APR OS Fra CORBEILLE Alr-Llquide B S N OervaLs Danone C 8 F (Thomson Cif) CleFrancaise desPetroles Compagnie Financlere Compagnle Generate Credit Foncler De France Hachette (Llbrairie) Machine*Bull Mlchelln(B) Parlbai Pechlney Clgine Kuhlm.inn Peugeot-Citroen Philip-.<N\ Gem Bent) Prln temps S A Rhone-Foulence SA Royal Dutch SuenCleFlnan De) Thomson-Brandt Uslnor
      295 words
    • Article
      Milan
      102 8 APR M Lire Anlc 99 75 1.5 Assoc Gen ***** 150 Bastogl 420 ♦5 Central? 3485 unch Flat 1»40 -8 Flnslder 75 25 ♦0.25 Genlmmob 74 75 -0 25 in Pri 2113 -1 Italcementl ***** +6 I taigas 632 Italslder 128 75 1.75 Magnet! M Pf 403 13 Marelll
      102 words
    • Article
      Zurich
      184 8 APK OS Francs Actions Sulsses 270 unch Alusimse Br 1230 10 Alusuisse Keg 557 -3 Brown Boveri Br. 1620 -20 Clha Oeigy Br 1210 unch Clba Gelgy PC 885 10 (,'iba Gnp Reg 668 3 Credit Suisse Br 2355 -10 Credit Suisse Keg 455 -3 b'lektrowalt Br 1600 unch
      184 words
    • Article
      Amsterdam
      228 8 APR Ot Fls ABN 346 50 *0.5 Ahold 102 50 Akzo 24 70 -0.1 AMEV 80 50 +0 1 Ainfas 106 60 +0 4 Amrot Bank 74 00 ♦0.1 Bergoss 56 00 ♦0 5 Berk 95 00 -1.5 Bols 68 40 0.9 Borsunuj 145 50 ♦5.5 Burhinann 64 80
      228 words
    • Article
      Brussels
      100 8 APR M Fri FORWARD MARKET Acec 230 4-7 Artx»d 2225/ 498 +5 <■ Astur -22 iJ Brasran 441 xd -17'" Br u La m b 1440 +4 Canpar 470 -7 Cock 348 unch Dr Beers 167xd -7 Ebes 2340* rl Electrobrl 6250 *60 Ob-Inno-Bm 2090 70 Oev 1276 +6
      100 words
    • Article
      Lock icon Options exchange extends hours
      210 8 Reuter AMSTERDAM: The Council of the European Options Exchange said It decided to extend trading hours during the first three days of business, to 1030 till 1500 local time, against he orglnally planned closing at 1230. The expansion of Investment potential afforded by the opening of
      Reuter  -  210 words
    • Article
      Lock icon LSE council fixes commission rates
      115 8 Reuter THE London Stock Exchange council said commission rates on options trading will be C 2.75 per option contract, normally of 1.000 shares, plus 2.5 per cent on the first €5,000 option money. 1.5 per cent on the next 5,000 and one per cent on
      Reuter  -  115 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      563 8 11 US Orchard Road, S'pore 9. Tel: *****2 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar# Dally (except Sunday) open till 2.00 a.m. Coffee Shop Our
      563 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Mobil predicts Beryl field output
      182 9 NORTH AMERICAN COMPANIES Reuter MOBIL OIL Corp said reserves of the British North Sea Beryl field could total between 000 million and 700 million barrels as a result of discovery of additional reserves to the north of the original acreage. The company said in Its
      Reuter  -  182 words
    • Article
      Lock icon Probe on GM halted
      161 9 Reuter A US Federal Appeals Court ordered termination of a grand Jury investigation of General Motors Corp regarding questionable income tax deductions. The Appeals Court said the Internal Revenue Service erred In having one of its lawyers assigned to the government prosecution team heading the grand
      Reuter  -  161 words
    • Article
      Lock icon MGM leases epic film to CBS
      100 9 UPI METRO QOLDWYN ME.YER (MGM) disclosed on Wednesday that It had licensed the motion picture, "Gone with the Wind," to CBS for US$35 million for re-runs on television over a period of 20 years. "Gone with the Wind" drew the largest audience for a
      UPI  -  100 words
    • Article
      Lock icon Bechtel Canada in gas project
      610 9 NYT ALGERIA, which hu been pushing hard to develop Its gas resources and gas exports to the United States and Europe, is close to signing a US$55O million contract with the Canadian subsidiary of the Bechtel Corp to develop a large gas field In the
      NYT  -  610 words
    • Article
      Lock icon IBM impresses with minicomputers
      471 9 NYT THE INTERNATIONAL Business Machines Corp, the giant maker of computers, has established a beachhead in the swiftly growing market for minicomputers. While In dollar volume minicomputers are by no means on the scale of their larger cousins, sales of the machines have been Increasing worldwide
      NYT  -  471 words
    • Article
      Mandatory charity for Olin Corp
      361 9 A FEDERAL judge ordered the Olin Corp on Thursday to pay US$5lO,OOO for charity programmes in New Haven as reparations for the company's illegal arms sales to South Africa. "A financial fine is not enough," said District Judge Robert Zampano before he Imposed the order
      361 words
    • Article
      Lock icon Amoco Cadiz wreck costly
      102 9 Reuter THE WRECK of Amoco Cadiz oil tanker off the cost of Brittany, France, will cost Standard Oil Co (Indiana) a total of US$lO million, Amoco International president Leland Adams said. The tanker, a total writeoff, Is covered by Insurance and the company's loss Is limited
      Reuter  -  102 words
    • Article
      BoA unit in takeover talks
      196 9 EUROPEAN COMPANIES A WHOLLY -owned iiibddiary of Bank of America NT and SA, Bankhaua Ccntrale Credit AG is involved in diecuaaiona with Chaae Manhattan Overaeaa Banking Corp on poeaible acquiaition of Chaee's Familienbank diviaion in Germany. A apokeaman declined to give any further detaila of
      196 words
    • Article
      ABN sees continued growth
      47 9 AMSTERDAM: Algemene Bank Nederland NV said trading results in the first two months of 1978 Indicate this year will show a continuation of the steady growth over recent years. Already announced net 1977 consolidated profit was 235.5 million guilders, against 205.8 million in
      47 words
    • Article
      Lock icon BICC reports higher income
      356 9 Reuter LONDON: BICC Ltd announced pre-tax profit at t'47.12 million last year compared with t43.48 million In 1976. Sales came to 1997.8 million (1898.4 million). Earnings per share was 13.16p (9^7p) A final dividend of 4.8p net will be paid, making 7.05p (6.61) for the year.
      Reuter  -  356 words
    • Article
      Ocean Transport suffers second half setback
      305 9 SECOND HALF pre-tax profits at Ocean Transport and Trading slumped by a half from 1'25.9 million to 112.9 million and despite a first half lead of t' 10.85 million at 126.14 million the group finished 1977 behind at t39.08 million against 141.2 million. The
      305 words
    • Article
      Lock icon Matsushita raises prices
      88 9 ASIAN COMPANIES UPI TOKYO: Matsushita Electric Industrial Co. said it will raise retail prices of Its products in the United States by an average 3 per cent this month. Shozo limura, president of the company, said the proposed mark-up could cover only 60 per cent of the
      UPI  -  88 words
    • Article
      Plan to shut mill
      65 9 SYDNEY: Hardboards Australia Ltd said it will close its hard board mill at Burnie, Tasmania, at endJune due to the poor outlook for building and competition from exports. Hardboards Australia, which is owned 50 per cent by CSR Ltd and 50 per cent by Australia Pulp
      65 words
    • Article
      GKN FILES APPEAL
      84 9 LONDON: Guest Keen and Nettlefolds Ltd said it filed an appeal with the West German Minister of Economics against the supreme court's decision not to allow the compan.v to raise its stake in Sachs Ag to around 75 per cent from 25 per cent. In February, the
      84 words
    • Article
      Lock icon CRA forecasts lower profit
      244 9 Reuter MELBOURNE: Conzlnc Rlotinto of Australia Ltd (CRA) expects 1078 operating profit will be substantially lower than In 1077 unless there is a significant economic upturn and higher metal prices. As previously reported, the 72.6 per cent Rlotinto Zinc Corp Ltd owned subsidiary earned an attributable
      Reuter  -  244 words
    • Article
      Lock icon COMENG, ANI IN JOINT BID
      143 9 Reuter SYDNEY: Coment Holdings Ltd ana Australian National Industries Ltd (ANI) said they agreed to bring Bradken Consolidated Ltd under their control and to Jointly make a take over bid for the company. They said they already hold 67 per cent of Bradken and following
      Reuter  -  143 words
    • Article
      Credit Suisse sues execs
      176 9 ZURICH: Credit Suisse announced it is preparing damage suits against a former director general and several other executives In connection with last year's scandal at its Chlasso branch that may hav« caused the hank losses of op to 1.2 billion francs. Board chairman Oswald Aeppli told
      176 words
    • Article
      Lock icon Barclays Bank policy
      69 9 Reuter LONDON: Barclays Bank Ltd will continue Its policy of reducing Its Investment In South Africa. In reply to a shareholder's question over the bank's eventual Interest In Its South African subsidiary Barclays National Bank Ltd chairman Anthony Tuke said it Is likely to go below 50
      Reuter  -  69 words
    • Article
      Lock icon Norway
      31 9 Reuter THE 250 million mark five-year Eurobond for Norway was been priced at par and will carry a 4-3/8 per cent coupon, Deutsche Bank AO said as lead manager. Reuter.
      Reuter  -  31 words
    • Article
      Lock icon Security Pacific offshoot
      85 9 Reuter TOKYO: Security Pacific Credit Hongkong Ltd, a Hongkong-based consumer finance company, announced a plan to establish a wholly-owned subsidiary In Japan with a paid-in capital of 300 million yen to start personal loan business in June. The plan has been authorised by the Japanese Finance Ministry,
      Reuter  -  85 words
    • Article
      Vietnam Oil
      64 9 HONGKONO: The Vietnam Oil and Gas Company and Demlnex of West Germany have signed a contract to explore oil in an area off the Vietnamese coast. The Vietnam News Agency said the contract was signed in Hanoi by Hguyen Van Bien, general director of the Vietnamese company and
      64 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      91 9 peninsula hotel Coleman Street, Singapore 6 Tel: *****1 QUEEN S HOTEL 24 Mount Elizabeth, off Orchard Road Singapore 9. Tel: *****8 SB RAFFLES HOTEL 1-3 Beach Road, Singapore 7 Tel: *****1/***** SEA VIEW HOTEL Amber Close, Singapore 15 Tel: *****22 SHANGRI-LA HOTEL 22 Orange Grove Road, Singapore 10 Tel: *****4.
      91 words
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  • DEALS DONE ON THE SES AND KLSE
    • Article
      Singapore
      1554 10 BID and offer prices officially listed and business In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets in lots of 1,000 units unless otherwise specified. AH Time Settlement Contracts are quoted after the world "sett". Big Board deal (In
      1,554 words
    • Article
      Government bonds
      113 10 Rep Spore D Mark 7* IM2 (100.000) (102 V.8 103SS) Rep Spore 7 3/4% 1987 (100.000) (90'/»B 99%5) 4 3/4% 1/5/79 (250.000) (100.75B) 5 1/4* 15/10/79 (250,000) (101.288 101 48S) 4 3/4% 15/9/80 (250,000) (100.058 100.555) C 3/4% 1/12/80 (250.000) (104.00B) 5% T F 15/4/81 (250.000) (102.958) 5%
      113 words
    • Article
      Corporate bonds
      213 10 B O T 8 1/2* IMI (100,000) 1101 HB 101HS) I O T 7 VB* IM4 (100,000) MS) BOT Floating IM4 (100,000) (WHB WHS) C Itok 8 1/8% IM4 (100,000) (M*B96HS) L T C B J 1 982 (100,000) (MHB 90 HS) LTCB J IMS (100,000) (MHB MHB)
      213 words
    • Article
      Stock options
      103 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown In brackets. Cold Storage (June $1.70) (0.548 0.645) V. C and C (June $2.20) (0.828 O.MS). F
      103 words
  • Article
    Unit trusts
    153 10 SINGAPORE UNIT TRUST INCOME BOND UNIT IMutm' prim far April If) (Carraat rim) The Commerce in i w INCOME BOND 104 1.10 The Savinf Fund I 10 l.itad S pore Prof Fund S pore Security Fund 0.90 0.95 MARA BUMIPUTRA FUND 172 182 (Maaafars' priaaa First Bumlputra far
    153 words
  • Article
    SHARE INFORMATION SERVICE
    2465 10 1978 High Low Company Lut Sale +orGri Div DW CVr Gr'i Yli Nat P/E Vol <'000) Day High Low SECTION ONE INDUSTRIALS 181 213 136 300 72* 247 183 304 416 146 132 123* 112 260 60* 191 144 256 394 123 Ac ma Alcom Allied Choc
    2,465 words
  • Article
    In Kuala Lumpur
    1625 10 BID and offer price# officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified. industrial* Asms (1.758 1.808). (2.488 2.508) (2) 3.48 CALL Aleam (2.178) (1)
    1,625 words
  • Article, Illustration
    Second liners in limelight
    821 10 SINGAPORE SELECTIVE buying interact accorded to mMd liner* provided the stimulns far tcfivt trading an the Stock Eicku|« of Singapore yesterday. Featuring prominently «u Associated Plaatioe Induatriee where Mock deck wore transacted. Thia counter «u again the moet active shore of the day with more than
    821 words
  • Article
    Kuala Lumpur still strong
    634 10 INTEREST switched forcibly to lower-priced Issues on the Kuala Lumpur Stock Exchange yesterday amid a generally steady market. This handful of lower liners, lately neglected because of the market preoccupation with blue chips and heavyweights, came in for good bullish attention to record fairly strong gains
    634 words
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  • COMPANY NEWS
    • Article, Illustration
      City Development sinks into the red
      512 11 THE deliberate slowdown in the development of Its existing properties coupled with high financing charges have pushed City Development into the red for the first time since 1972. The group incurred a pretax loss of MSI .34 million for the year ended Oct 31,
      512 words
    • Article, Illustration
      China Engineers awaits avalanche of profit
      1039 11  -  ■y MANO SABNANI GROUP profits at China Engineers (Holdings) (CE) are likely to show little Improvement until 1980 when substantial contributions from its property development projects in Hongkong will begin to pour In. Realisation of the growing importance of the group's property potential led
      1,039 words
    • Article
      Selprop braces for setback
      598 11 SELANOOR Properties Is bracing itself for further stagnation or even a possible setback In earnings for the current year to Oct. 31, 1978, short of a pleasant surprise from development revenue. This forecast Is underlined to some extent by chairman Da to T.K. Wen's warning that
      598 words
    • Article
      CHICAGO BOARD OPTIONS
      1405 11 April 6 CHICAGO Board Options Exchange volume was 140,739 contracts, up from 115,142 on Wednesday. OPTION APL JLY OCT STOCK Alcoa 40 13/16 21/8 3 40 3/8's Alcoa 45 i/ia 1/2 1 40 3/8 Alcoa 90 UNTRD NOL NOL 40 3/8 Alcoa eo UNTRD NOL NOL 40
      1,405 words
    • Article
      Detergent switch cuts UIC profit
      540 11  -  »y ARTHUR NG THE transfer of Its detergent interest In the West Malaysian market to its associate operating there was cited by United Industrial Corporation as the maki factor behind the setback in group earnings for the first half year ended Jan 31, 1977. Group
      540 words
    • Article
      COMPANY MEETINGS
      122 11 Selangor Properties Bhd: AGM to be held at Tlngkal Kedua, Block E, Lompleks Pejabat Damansara, Damansara Heights, at 4.00 p.m.. on April 14. Ajinomoto (M) Bhd: AOM to be held at 8V» miles. Simpane Salak, South Baharu, kuaia Lumpur, at 9.00 a.m. on April 25. National Iron and
      122 words
    • Article
      LATEST RESULTS
      132 11 UNITED Plantation* Bhd: Unaudited group 1977 net profit Ml 14.37 million ($6.73 million) on turnover of $71.59 million ($47.50 million). Final dividend 12.5 Der cent gross (10 per cent gross)maklng 17.5 per cent gross (15 per cent gross). The company proposed a one-for-10 free share issue to shareholders
      132 words
    • Article
      DIVIDENDS ANNOUNCED
      699 11 Current payment Ex I Date Book* close Date payable Total for Total for the yitr previous year Berjaya Kawat 7%TE Hume (M) Berhad SHI Sel. Coconut 10%I Malayan Tin 45%I Kuala Siditn Rub. 5%I Tronoh Mine* 58%(n) Ayer HiUm Tin 150%I Hume (FE) 5%I Batu Lintang 5%I Rivcrview
      699 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      174 11 rtCV \sl°s,"U' xxC V; tie ■Yv The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying the benefits of over 90 years of tutorial expertise. 3. Being informed of the latest changes and current events and topics of interest and relevance through
      174 words
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  • Article
    No assurance that bus fares won't increase
    603 12 l\ PARLIAMENT THE GOVERNMENT cannot give an assurance that bus fares will not be Increased In future, although It will see that fares will continue to be reasonable. Labour Minister Ong Pang Boon said this in Parliament yesterday during the second reading of
    603 words
  • Article
    How to minimise forex risks
    170 12 MANUFACTURERS and others, whose business involves the receipts and payments of foreign currencies, should consult their banks as to how foreign exchange risks can be minimised. Mr. Ooh Chok Tong, Senior Minister of State for Finance, said that most bfinks In Singapore have foreign exchange
    170 words
  • Article, Illustration
    Bigger role for bumiputras but no takeovers
    799 12 THE Malaysian government is confident that the target set for increased bumlputra participation in trade and Industry will be attained In the next 12 years without any need to resort to nationalisation. This was stated in Parliament by the Deputy Prime Minister, Datuk
    799 words
  • Article
    Lock icon NEW SOURCE OF CAPITAL
    640 12 NYT THE EFFORTS by foreign Interests to make a substantial Investment In Marine Midland bank In US suggest to some observers that many banks In need of capital may find It abroad. Marine Midland announced on Wednesday that its board had approved a financing plan whereby
    NYT  -  640 words
  • Article
    Lock icon Oil demand will grow at 3pc
    513 12 Reuter OIL DEMAND will probably grow annually at about 3 per cent over the next few years and will moderate In the mld-to-late 1980s as other energy sources become more available. British Petroleum managing director, Peter Walters, told the International Institute of Synthetic Rubber
    Reuter  -  513 words
  • Article
    Lock icon Natural rubber faces testing times ahead
    389 12 Reuter ONE OF the biggest areas of loss to natural rubber market growth potential Is the Intention of centrallyplanned economy countries to totally replace natural rubber by synthetic do1v1««prene. Clayton Ruebensaal, the director of corporate plannIng of Unlroyal Inc, addressing the International Institute of
    Reuter  -  389 words
  • Article
    Case blasts hike in cinema tickets
    166 12 THEATRES are cashing in on the recent increase in entertainment duty to boost their profit, according to .the Consumers Association of Singapore. In a statement issued yesterday, Case questioned the rationale for the proposed hike in cinema tickets and •aid that there Is no
    166 words
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    Lock icon Brisk exports despite rising value of yen
    620 12 Reuter AFP JAPAN'S exports remain brisk despite the rapidly rising value of the yen which has made Japanese goods less competitive overseas, a government report said yesterday. The monthly report from the Economic Planning Agency pointed out that there are no visible signs
    Reuter; AFP  -  620 words
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    LONDON STOCKS
    751 12 LONDON, Frl. Prices closed easier after a quiet session following light selling pressure and caution ahead of the budget, dealers said. Long-dated bonds were around H down after Y», with sentiment also dampened by fears of higher interest rates, dealers added. Leading industrials eased a Sw pence after
    751 words
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