The Business Times, 12 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 WEDNESDAY, APRIL 12, 1978 50 CENTS
    11 words
  • BRIEFLY...
    • Article
      Lock icon Air services talks
      53 1 AFP KUALA LUMPUR, Tues. Britain and Malaysia will begin talks in London next month to review their Joint air services agreement, authoritative sources said today. The sources said the talks could well be the forerunner of fresh talks over the stalled plans for the Concorde to overfly
      AFP  -  53 words
    • Article
      Lock icon Saudis stand firm
      56 1 AFP KHARTOUM, Tues. Visiting Saudi Foreign Minister, Prince Saud bin Faisal, said here last night his country remained determined that the US dollar should continue as the only currency used for pricing oil exports. He also said that responsibility for arresting the declining value of the dollar
      AFP  -  56 words
    • Article
      Lock icon First victims
      63 1 AP MELBOURNE, Tues. World oil consumption will outstrip production by 1985, bringing on acute depression which will hurt developing nations first. Mr. Frank Rlckwood, managing director of Britain's BP Exploration said, "the effect of the energy shortage on the Third World will be disastrous. We will see decline
      AP  -  63 words
    • Article
      Lock icon Sheep row over
      73 1 UPI SYDNEY, Tues. President of the Australian Council of Trade Unions, Bob Hawke, announced later yesterday the live sheep export dispute was over. He said the basis of the solution was that all farmers and non-union workers would be Arith drawn from wharfs by today. The federal
      UPI  -  73 words
    • Article
      Lock icon Asean coupon
      76 1 AFP KUALA LUMPUR, Tues. Tourists may use an "Asean coupon," in place of currency for travel to Asean countries. Talks are under way at the Asean Association of Banks to replace the Malaysian dollar, Singapore dollar, baht, ruplah and peso with the coupons. Pacific Area Travel Association (Pata)
      AFP  -  76 words
    • Article
      Lock icon No coffee yet
      49 1 UPI SAN JOSE, Tues. Eight Latin American coffee producers voted unanimously on Monday to continue withholding the commodity from the world coffee market in an attempt to force up prices. The countries involved produce 80 per cent of the total world output of "other milds." UPI.
      UPI  -  49 words
    • Article
      Rig contract
      35 1 BETHLEHEM Singapore has signed a contract to build an offshore oil drilling rig for China. The rig, now under construction, is a matsupported Jack-up mobile drilling platform of the Bethlehem design (Bethdrill) JU-250.
      35 words
    • Article
      Mission success
      32 1 AN 18-MEMBER trade mission has returned from West Asia with orders totalling $5 million. Sales worth approximately $21 million are expected to be finalised by the end of the year.
      32 words
    • Article
      Lock icon Dow Jones
      93 1 UPI NEW YORK, Tues. Stocks headed lower in active trading early today as investors waited for President Carter to deliver a speech on his new anti-inflation effort. Mr. Carter, scheduled to makeihis speech at 1.30 p.m. local time (1830 GMT), is expected to stress the role of Congress
      UPI  -  93 words
  • Chief Price Changes
    • Article
      In Singapore yesterday
      124 1 Falls OCBC 605 -20 Gentings 219 -15 Straits Trading 650 -10 M Flour 372 -10 PMC 332 -10 KAN 422 -8 F E Livingston 316 -8 River view 162 -8 Nat Iron 368 -6 YHS 264 -6 Rises L' M Flour 210 10 K Kampar 290 +5
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    • Article, Illustration
      In Kuala Lumpur
      157 1 Foils S Trading 6.65 -.15 OCBC 6.90 -.15 Genting 2.26 -.13 PMC 3.40 -.12 Supreme Corp 2 20 09 M flour 3.78 -.08 Keck Seng 2.21 -.06 Rothmans 3.74 -.06 CenSec 1.14 -.05 Rises Guinness 5.60 .20 Malex 3 80 .16 D Keramat 8.35 .15 Kluang 2.10
      157 words
  • Article
    Haw Par Group girds its loins
    923 1 $60M LOSS HANGS HEAVY HAW PAR Group has instituted a re-organisation of its activities and its top personnel aimed at allowing the senior managers to "concentrate on longerterm strategies for the development of the group". This is doubtless a great disappointment for the luckless
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  • Article
    Lock icon Tokyo's imports up slightly
    241 1 UPI JAPAN'S March Imports on a licensed contract basis rose moderately, indicating no fast Import growth In the months ahead The International Trade and Industry Ministry (Miti) put licensed contracts at U557,103 billion (5516.3 billion) last month, up 6.6 per cent over a year ago. Of
    UPI  -  241 words
  • Article
    Floaters bear up well, rain or shine
    867 1  -  •y COLIN CHEE THE LAST two days have seen a remarkable recovery In the prices of Asian dollar bonds, with floating rate notes accounting for the better part of a strong demand. The situation is a reversal of one that took place exactly
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  • Article
    Britain unveils hefty stimulus for economy
    318 1 BRITAIN yesterday announced a substantial stimulus to its economy, with big personal tax cuts, which it declared waa its first contribution towards a common international effort to solve world economic problems. Chancellor of the Exchequer Denis Healey, presenting his annual budget, said he was
    318 words
  • Article
    Strike delays delivery of DC-10s to SIA
    338 1  -  »y TERESA LIM THE DELIVERY of the four DC-10 aircraft that Singapore Airlines ordered from McDonnell-Douglas will be delayed because of a strike by employees of the aircraft company at its Long Beach plant. The $410 million DC-lOs were to be delivered between
    338 words
  • Article
    FASC chief due in Singapore
    168 1 MR. VICENTE Coloso, secretary-general of the Federation of Asean Shippers' Council* (FASC). will be In Singapore for negotiations on Thursday on the general freight rate increase proposed by the Singapore and West Malaysia/ West Africa Freight Agreement. The Freight Agreement announced lti intention to increase
    168 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      34 1 whatever you need in menswear, get ft at... MOHAN'S DEPT. STORE (PTE.) LTD. 321, Orchard Road let *****22 (next to Mandarin HoteO Branch: 101, Ifcngiin Shopping Centra 1M *****40 Daily 9am-9pm SEE PAGE 2
      34 words
    • Advertisement
      Page 1 Advertisements Column 2
      34 1 BIRKART FREIGHT NEWS FOR COMPETITIVE FREIGHT RATES. CALL BIRKART TEL: *****7 BIRKART SOUTHEAST ASIA PTE LTD Room 801/1101 FAR EAST SHOPPING CENTRE ORCHARD ROAD, SINGAPORE 9. TEL: *****7. TELEX: RS ***** CABLE: JOBISEA SINGAPORE.
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    • Advertisement
      Page 1 Advertisements Column 3
      86 1 BMIBB SHIPPING TIMES TWO factories got into hot water 2 2 FORUM: So you want to be an READING between the trade MBA 7 gg-y 2 KULIM falls abort of forecast 11 Hongkong s vigilance against HONGKONG to 'Land' a hefty spills 5 profit 11 MALTA'S withdrawal pains 6 SIM
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    • Advertisement
      Page 1 Advertisements Column 4
      188 1 TA TA LITE P PROGRESaVE €NTWPWSE PTE lID LEADER.. PAGE 6 Any person seated at this desk can do the work of three people Yes. one person to handle all customer accounts. Calculate and complete invoices. Prepare statements. Process payroll. Control the ledgers. Control stock flow. All these procedures completed
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  • TRADE AND INDUSTRY
    • Article
      Two factories tampered with water supply
      522 2  -  By RONNIE LIM IT SEEMS likely that the two manufacturers recently ticked off by the Public Utilities Board for tampering with the potable water supply may have acted out of desperation, in fear of a possible shortfall or even shutdown, of the industrial water
      522 words
    • Article
      Between the trade figures
      392 2 THE BILATERAL trade between Singapore and Japan has always been In Japan's favour. Last year, Singapore exported $1.9 billion worth of goods to Japan and imported $4.47 billion worth. However, the trade is not as unfavourable to Singapore as the figures seem to indicate, said the
      392 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      201 2 MR. Yasuma Sugihara has been appointed chairman of Mobil Oil Singapore, Mobil Oil Malaysia and Mobil Oil Thailand, effective April 21. He succeeds Mr. Roger O'Neil who moves to London to take up the position of manager plans and programmes for the Mobil Europe Regional Office. Mr.
      201 words
    • Article
      Lock icon KL to import more rice
      235 2 Reuter MALAYSIA has bought 200,000 tonnes of rice from China for delivery this year to help overcome the shortfall in rice crops caused by drought in major producing areas. Acting director-general of the National Rice and Padi Board, Yang Amri, said a first purchase of
      Reuter  -  235 words
    • Article, Illustration
      A security system can aid in boosting production
      256 2 DEVELOPMENT in electronic technology are widening the applications of security systems, according to Mr. Chan Ah Bah (above), senior technical supervisor for Chubb Electronics. "Industry has been familiar with the concept of burglar alarms for many years but with the advent of
      256 words
    • Article
      Lock icon Taiwan's trade
      78 2 UPI TAIWAN registered US$4.6 billion (SSIO 6 billion) In foreign trade in the first quarter of this year, up by 24 per cent over the same period of 1977, customs sources said yesterday. Exports in the first three months were $2.4 billion, up by 27.4 per cent, and
      UPI  -  78 words
    • Article
      MEMO PAD
      190 2 DATE TITLE LOCATION ORGANISE! COURSES AND TALKS &S 1 mum SSSSSSutn Development Aprtl Financial Management Hilton Consulasia 17, lo April New concepts in Hyatt tret? 21 desk-top calculators IREE April Middle management SITC <arrr 24- course May 13 April 24 Effective Report Hilton Consulasia April 24- Employee Training
      190 words
    • Article
      New power station for Kuching
      86 2 THE SARAWAK Electricity Supply Corporation recently ordered a complete computer-operated power distribution control system from a British company for the new Sungel Blawak Power Station at Kuchtng. It Is scheduled for commissioning next August and the first piece of equipment the telephone exchange will be
      86 words
    • Article
      Lock icon Japanese may hop on the bandwagon
      820 2 NYT PENNSYLVANIA Governor Milton Shapp said that Japanese car manufacturers are looking very carefully at the possibl--1 lty of establishing a plant in the United States. Gov. Shapp told a news conference at the opening of a new Volkswagen plant that his assessment Is
      NYT  -  820 words
    • Article
      Lock icon Watch your step, shoe exporters
      142 2 AFP THE EUROPEAN Economic Commission has decided to keep a stricter watch on shoe Imports from Hongkong, South Korea, Malaysia, China, Taiwan and Pakistan, as well as from Brazil, Czechoslovakia. Rumania, Poland and Spain. In future, shipment of shoes from these countries will need import
      AFP  -  142 words
    • Article
      Lock icon Export of sheep knocks out 45 ports
      394 2 UPI ALL 45 Australian ports were idle yesterday as waterside workers walked off their Jobs protesting against farmers loading sheep abroad a ship In Western Australia. The farmers loaded the sheep aboard a ship bound for West Asia on Monday at the west
      UPI  -  394 words
    • Article
      Wella to raise production capacity
      203 2 WELLA Cosmetics, the West German hair cosmeticsmanufacturer which recently opened a new $2 million factory here last September, is to expand its operations. Two top Wella men, Mr. Erich CMbricht, chairman of the supervisory board and Dr. Karl Schneiderwind, chairman of the board of directors,
      203 words
    • Article
      DASHWOOD WINS DEAL
      113 2 DASHWOOD Finance, a London-based international financier, dealing solely with export trade for British companies, has won a $92 million contract to build a turn-key sugar refinery in the Philippines. This is the fourth such contract Dashwood has won in the Philippines for Fletcher and Stewart of Derby,
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      157 2 collktdiq Oriental Anticnej by Judith Moorhouse and Dries Blitz G3 Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by
      157 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      642 2 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Poetry and mixed spice (5) 8 Bird with masculine name (5) 10 Beekeeper's complaint? (5) 11 An obstruction, curse It! (3) 12 Damaged part of a ship out East (5) 13 What an angler may have on the rugby field (4-3) 15 Inspirit some
      642 words
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  • OVERSEAS
    • Article, Illustration
      Lock icon SENATE PASSES FARM BILL
      953 3 NYT DESPITE warnings of the Impact it would have on Federal spending and food costs, an emergency farm aid bill was passed on Monday by the US Senate. Leading the fight against it. Senator Edmund Muskie, who heads the Senate Budget Committee, charged that the measure
      NYT  -  953 words
    • Article
      Lock icon Peruvian bid to resume IMF talks
      233 3 Reuter TWO Peruvian government ministers are expected to visit Washington before the end of this week, mainly to try and resume talks with the International Monetary Fund which last month froze a US$lO6 million (*****.8 million) standby credit to Peru, sources close to the
      Reuter  -  233 words
    • Article
      Lock icon Canadian budget set at $95b
      517 3 Reuter CANADIAN Finance Minister, Jean Chretien, says the C 546.9 billion (Ss9s billion) 1978-79 budget is realistic. It includes a sales tax cut but do£s not provide for any major income tax cut or employment programmes. Mr. Chretien told Parliament expenditure at $46.9 billion, is
      Reuter  -  517 words
    • Article
      Burns supports IMF
      120 3 FORMER US Federal Reserve Board chairman Arthur Burns said enlarged authority for the International Monetary Fund (IMF) has become essential for the creation of a stable international monetary system. But if a stronger IMF is to become a reality, national governments will have to agree not to
      120 words
    • Article
      CLIMATE BETTER
      60 3 THE business climate in France has improved markedly in the last few weeks but the financial position of Industry is still a problem. The French employers' (Patronat) federation, in its latest monthly letter, said confidence has returned but in the long term there are still worries over the
      60 words
    • Article
      Lock icon Soviet trade slows down with the West
      796 3 NYT THE Soviet Union sharply reduced its trade deficit with the Western world last year to US$l.59 billion (553.65 billion), cutting back on imports and pushing exports to nearly every major Western country. Official statistics published on Monday showed a sharp decline in
      NYT  -  796 words
    • Article
      Lock icon Portugal proposes Marshall Plan for southern Europe
      277 3 AFP A "MARSHALL PLAN" for boosting southern Europe economically baa been proposed in Lisbon by Portuguese officials. This plan would be applied to Spain, Portugal, Greece and Turkey. It would be financed by the United Statea and richer West European nations. The idea,
      AFP  -  277 words
    • Article
      Lock icon Steelworkers spell out merger terms
      576 3 NYT THE president of the United Steelworkers ol America said the union would support the merger of two major steel companies if it meant saving them from failure and if the Justice Department imposed certain conditions. The union leader. Lloyd Mcßride, made public a letter
      NYT  -  576 words
    • Article
      Lock icon Retail sales rise
      129 3 Reuter US RETAIL sales rose 1.87 per cent to a seasonally adjusted rate of U5562.85 billion (Ssl44 billion) in March following a 3.03 per cent rise in February. Durable goods sales rose to $20.71 billion in March from $20.6 billion In February, while nondurable sales increased to
      Reuter  -  129 words
    • WORLD IN BRIEF
      • Article
        Lock icon POPULATION FORECAST
        369 3 Agencies THE NEW UN Demographic Yearbook says world population reached 4 04 billion in 1976 and 8.08 billion persons will crowd the globe by 2013. The statistics say population is increasing by 1.9 per cent a year, or 76 million persons annually, which will lead to a doubling
        Agencies  -  369 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      186 3 £V"\ rrr >2jM ~4--.. ?*WNnuMr3f ~MT" DATA SAFES MICROFILM CABINETS ARE INVALUABLE FOR YOUR VALUABLES J 1 *>4£ m m <-3r* V W MICROFILM CABINETS K F/3-3D Fire resistant Kaso Microfilm Cabinet is the only real profor your microfilm materials against fire and theft. Kaso Data $afas and Microfilm pO-W
      186 words
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  • RAW MATERIALS
    • Article
      LOCAL AND FOREIGN RUBBER
      419 4 OPENING quotations yesterday were about unchanged here and the market later ruled quiet with prices tending lower on scattered offerings. Turnover was light. Prices finished the morning session lower with May One RSS buyers quoted at 201.00 cents per kilo, down one cent from Monday night's
      419 words
  • Article
    RAS PRICES
    321 4 Prices In cents per kUo yesterday: Noon (per kilo) Close (per kilo) Int 1 R.S.S. prompt f .o.b. Int. 1 R.S.S May Int. 1 R.S.S. June Int. 2 R.S.S. UK/Cont Int. 3 R.S.S. UK/Cont Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Buyers 200.50 201.25 201 75 196.50
    321 words
  • Article
    SSR AND SMR
    112 4 NOON SSR prices yesterday: May ■tune HAS (Currant Mtfe) Buyers Sellers (Forward Mth) Buyers Sellers cents per kg) le ents per kg) SSR 20 (1 ton pallet) 193 50 185 50N 194.50 196 50N 194 SON SSR 50 (1 —ton pallet) 191 50 193.50N 192.50 MRELB SMR5CV
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  • Article
    Palm oil
    71 4 C.l.F. North European ports, in US dollars per ton unless otherwise stated. LONDON: Monday Previoo# Malaysia 5S rra bulk per tonne June 564slr SMslr Sumatra 5% ffa bulk April unch 835pd May OOOslr 595slr June unch S70slr July 560slr 557 50slr August 550slr 545/547.50pd September unch 525 pd
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  • Article
    Tin shipment
    105 4 SHIPMENTS of Straits refined tin from Penang rose to 5,835.50 tonnes in March from 5,569.50 tonnes in February and 5,632.00 tonnes in March last year, the Straits Trading Company said. Of the March shipments (February in brackets) Canada took 10 tonnes (same), Africa nil (15), Belgium and Holland
    105 words
  • Article
    Closing prices
    31 4 Rubber: April II Singapore. May 200.50 cent* (down 1.50 cents) Malaysia: May 204.75 cents (down 1.50 cenu) Tin: 51,568 (up 527) Official offering: 272 tonne» (up 87 ton net'
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  • Article
    Sugar
    220 4 TERMINAL sugar in London yesterday opened t'1.90 to L'l .50 up from Monday afternoon's closing levels. Turnover totalled 558 lots. The market opened up steady, with prices advancing slightly from Monday night's higher kerb levels, dealers said. The rise was attributed to short-covering touched off by the movement in
    220 words
  • Article
    Produce exchange
    417 4 COFFEE prices fell by $10 per plcul while the other commodities held unchanged In quiet trading on the Singapore produce market yesterday. Dealers sold only small lots on local consumer accounts. Roasters accounted for a large proportion of the coffee beans sold. About 830 tonnes of pepper corns
    417 words
  • Article
    Coffee
    429 4 e ROBUSTA terminal in e London yesterday opened 118 to 113 per tonne higher in a turnover of 262 lots. Prices initially showed expected gains of up to 120 in view of New York's performance and news that Central American milds producers are to continue their sales ban. dealers
    429 words
  • Article
    Hongkong comex
    200 4 THE sugar market yesterday closed firmer In quiet trading with activity confined to trade house evening up of positions. Dealers said trading was restricted to May and October deliveries, which rose 0.11 and 0.15 US cents" respectively. Straddle transactions were mostly concentrated in the May/ October with differences
    200 words
  • Article
    SPOT PRICES
    194 4 YARN and cotton In Hongkong dollars, spot ex-godown: Cation Yarn: China Blue Phoenix 20s 1,770 32s 2,060 40s 2.185 (per bale of 400 lbs). Piece Goods: China Butterfly and Globe Brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Geese unq (per piece 36
    194 words
  • Article
    Cocoa
    223 4 TERMINAL cocoa in London yesterday opened mostly lower against New York by l' 3 to C 18.50. Near May finished the first call €8 up, however, in a differentials adjustment, dealers said. They said the market appeared to be operating in a restricted and rather hesitant trading range reflecting
    223 words
  • Article
    Rice
    209 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne Jo b., basis Bangkok) White Rice: 100 pet Ist class 442. 100 r-t 2nd class 427. 100 pet 3rd class 422. pet 413. 10 pet 400. IS pet 392. 20 pet 387. 25 pet 377 35
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  • Article
    Straits tin
    325 4 i THE STRAITS tin price in f«n an 8 yesterday firmed MS27 per plcul to SI.568, $68 above the International Tin Agreement ceiling. Dealers said the rise was prompted by higher overnight metal exchange prices and a fall of 460 tonnes in the LME's stock. The other main
    325 words
  • Article
    Lead
    112 4 LEAD on the morning fell ll for cash and to. 75 for Three Months in London yesterday. Prices declined on the pre-market in sympathy with the trend in copper, and Three Months traded down to 1315 per tonne. The lower levels found short-covering and some fresh buying interest in
    112 words
  • Article
    Zinc
    96 4 ZINC finished the morning in London yesterday mostly t'0.50 per tonne lower. The pre-market was /airly subdued, prices softening in line with the general trend. Three Months traded down to 1312 per tonne but losses were erased during late ring dealings as moderate covering support developed, possibly based on
    96 words
  • Article
    Soybean
    265 4 SOYBEAN futures in Chicago on Monday ended another nervous session on the plus-side, up 6 3/4 to four US cents a bushel in old crop Months and September while closing 1 3/4 cent higher to unchanged in other Months. The market showed early strength, rising 15 cents in the
    265 words
  • Article
    Wheat
    101 4 WHEAT futures held most of the early gains which took prices to new contract high# across the board, in Chicago on Monday. Prices closed up 7 1/4 to 2 1/2 US cents a bushel but off several cents from the highs. Commission-house and commercial buying took prices up sharply
    101 words
  • Article
    Copper
    262 4 COPPER wire bars finished the morning in London yesterday with losses of Cl 2 for cash and Cll for Three Months. The market fell back from Monday's higher levels under profit>taklng and general liquidation following minor losses at New York, with Three Months trading down to C 712 per
    262 words
  • Article
    Gold
    455 4 THE KILOBAR In Singapore yesterday opened higher at 5513.397. up $63 from Monday's close. During the day, if fluctuated to as low as $13,368 and as high as $13,403 before closing at $13,400 in moderate trading. In the loco London market, the metal opened at U*****.50/80 and closed at
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  • Article
    Silver
    166 4 SILVER on the London Metal Exchange showed gains of mostly 2.0 pence per troy ounce yesterday morning. The overnight advances at New York and higher gold were the main factors, trade sources said, with prices in the ring responding to small buying on a thin market. Carries boosted turnover
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  • MONEY AND EXCHANGES
    • Article
      Singapore market
      466 4 THE FOREIGN exchange market saw another flat trading day yesterday as traders awaited Mr. Carter's expected announcement on US antlInflationary measures. Opening at 219.50/60 against the yen the US dollar weakened to 218.80/00 by about lunchtime before recovering to 219.20/30 in the afternoon during London trading. Against the
      466 words
    • Article
      Minimum lending rates
      69 4 THE PRIME rate of moit commercial banks in Singapore now stand* at 7 per cent. Oversea-Chineee Banking Corporation is still offering per cent to it* best customers while both Chartered and United Commercial Bank arc maintaining their prime rates at 7% per cent. The stated prime rate
      69 words
    • Article
      Asian $ rates
      168 4 Asian rates ASIAN currency deposit interbank rates as at close on AprU U: I'S Dollar* (Spoil Offer Bid 7 (toys 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 7 71/8 7 5/16 71/2 715/16 8 81/16 6 7/8 7 7 3/16 7 3/8 713/16 7 7/8
      168 words
    • Article
      Discount
      51 4 RANGE of prices offered by dlscount houses on April 11 Overnight 1* to. 3'.* Call deposits 2'«H to 3'*% noting Buying Selling 3-month Treasury bills 3 VIC 3 l/lf 3-month Bank bills 47/H 4 V4 3-month CD S 4 7/8 6-month CD svic 5 VIS Source: National Discount Co.
      51 words
    • Article
      Euro $ rates
      138 4 Euro rates LONDON Eurodollar deposit rates showed few changes from steady overnight levels in quiet opening trading yesterday. One Month was adjusted 3/8 lower to 7-3/16, 7-1/16 per cent on the loss of a Friday end while Six Months rose by 1/16 to 7-15/16, 713/16 per cent on a Friday
      138 words
    • Article
      Tokyo
      158 4 THE US dollar for overnight delivery yesterday closed at 219.10 yen. down from a 219.50 opening and 219.80 at Monday's close. No central bank intervention was detected, dealers said. Trading was fairly active, with volume US$422 million. The dollar fluctuated nervously ahead of the announcement of President Carter's anti-inflation
      158 words
    • Article
      London
      209 4 CURRENCY trading was subdued at the outset yesterday, with operators generally on the sidelines ahead of two major statements due in the day: President Carter's anti-infla-tion speech and the UK annual budget, dealers said. The dollar tended weaker initially against most currencies, moving to 1.8460/80 Swiss francs from 1.8500/15
      209 words
    • Article
      New York
      280 4 IN VERY quiet trading ahead of the British budget and President Carter's inflation speech yesterday, the dollar ended little changed against major currencies on Monday. The dollar showed a downward bias where there was any significant movement in rates, but dealers said trading was very subdued with most
      280 words
    • Article
      Hongkong
      187 4 LIKE most other foreign exchange markets, the US dollar yesterday fluctuated narrowly in fairly quiet and steady trading ahead of President Carter's antiinflation speech later in the day. The US dollar firmed slightly to 2.0085/ 95 marks from its 2.0050/ 80 mark New York close after opening at 2.0075/
      187 words
    • Article
      Australia/NZ
      63 4 AUSTRALIA and New Zealand exchanges on April AUSTRALIA US dollar 1 1482/1 1434 Sterling 0 6146 0 6075 Ninety-day air mail buying rates; Sterling 0 6301 US dollar 1 1783 Ninety-day forward buying rates: Sterling 0 6139 US dollar 1 1460 NEW ZEALAND: Sterling 0 5491/0 5461 US dollar
      63 words
    • Article
      Zurich
      65 4 ZURICH exchanges closing quotes on April 10: US 1 8515-8530 Stg 3 4738-4775 Can 1 6190-6208 D Mk 92 2291-3729 D F1 86 3976-5483 F Fr 40 6923-7701 B Fr 5 9040-9126 D Kr 33 4176-4538 N Kr 34 9769-35 0151 S Kr 40 5408-5826 Lit 0 2175-2178 Aus
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    • Article
      Frankfurt
      58 4 FRANKFURT exchanges opening quotes on April 11: US 2 0065/80 2 0000/751 Can 7570/90 Stg 3 764/774 D Fl 93 65 T5 8 Fr 108 40 60 Lit 2 355 365 F Fr 44 17 27 N Kr 37 90 38 <Mt B Fr iron I S U)~, B
      58 words
    • Article
      Eurobonds
      396 4 KUHOHONU prices quoted II on Apr Straight* Total ml stg KKIStg»"«87 Courtauld.s stg 9*4*9 E1B stg 9*4 92 1- isons st£ 10'< 8 IIM-o9 92 lncoB'.M S|jarhankernas 8"4 StaHII'iM SNtT 8'« 84 MB 8'-88 EIB 8 4 93 M\SC8*.85 Eurofina is 88 Citicorp iumj KIB stg 9'4 88 Ko»
      396 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      152 4 Study Accountancy with the Specialists Study with Foulks Lynch Since ISS4 I oulks I \nch ha\e specialised m tutonnn students f rom all round (tic uoi Id tot the \ar ions Accountanc\ examinations and over these vears ha\e achieved 149,000 SUCCESSES 406 FIRST PLACES 376 SECOND PLACES 4,000 other HONOURS
      152 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon HK is prepared for oil pollution
      510 5 Reuter HONGKONG, with its bustling harbour and beautiful beaches, has to be extra careful about oil pollution in the delicate balancing act between the needs of the environment and the economy. Almost 9,000 ships a year pass through Hongkong, which has one of the
      Reuter  -  510 words
    • Article
      FAR EAST FREIGHTS
      669 5 FREIGHT rates are still rls- ing due to adjustments In exchange rates as a result of the decreasing value of the US dollar. Recently a Vietnamese vessel lifted 3.000 tons of bagged fertiliser from Singapore to Colombo at US$lO.5O MT FIO. Scrap prices are showing slight Increases
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    • Article, Illustration
      SHIPS IN PORT
      485 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Asian Guardian (Tanker) (after Ocean Supply) 48 Barge Aik Bee (0700 after Loon Chong) 38/39 Centaur (0800) 42/43 Oiso Maru (JPYC) (after Golden Eagle after King River) 23/24 Golden Lion (0600) 35/36 Keiyo Maru (Car carrier BJVT) (0830) 19 Kimanis (1800 20
      485 words
    • Article
      Lock icon LONDON FREIGHT MARKET
      233 5 AP NORTH Atlantic grain rates, on both voyage and time-charter basis, moved up on the London Freight Market on Monday as demand went up. The most marked Improvement evident In direct voyage shipments across from the US Gulf to Holland was the payment of U555.25 (FIO) to
      AP  -  233 words
    • Article
      Pakistan protests
      35 5 PAKISTAN has strongly protested to the Karmahom conference, covering trade between Europe and Pakistan, against its decision to raise port surcharge on East-bound cargo from 12.5 to 16 per cent from April 17.
      35 words
    • Article
      Lock icon Airlines to up cargo rates
      129 5 Reuter AIRLINES flying the North Atlantic have agreed to raise cargo rates by up to 10 per cent to meet mounting costs and inflation. The International Air Transport Association (lata) has announced that the 29 member airlines which fly between the United States or Canada
      Reuter  -  129 words
    • Article
      Lock icon BA wants to buy American Boeings
      333 5 Reuter STATE-OWNED British Airways asked the UK Department of Trade on Monday for permission to buy 20 American-built Boelng--737s to replace Its fleet of ageing British-made Tri-dent-1 and Trident-2 aircraft. The move by BA, if approved. Is certain to raise sharp criticism from UK
      Reuter  -  333 words
    • Article
      Lock icon Liberian flag not a cover-up
      203 5 Reuter THE Liberian Commissioner of Maritime Affairs defended the use of flags of convenience against widespread French criticism following last month's disaster when the Liberlanreglstered supertanker Amoco Cadiz broke up off Brittany. The break-up of the tanker caused the worst oil pollution disaster in maritime
      Reuter  -  203 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      600 5 ARRIVALS Scrvie Operator Numb* Local w Time From CPA CX710 1005 HLP OIA OA 980 1030 HLP THAI TG423 1035 BKK SIA SQ209 1045 HLP THAI TG981 1120 BKK GIA GA944 1055 PKU GIA GA908 1100 MES UB UB231 1115 RON PAL PR501 1125 MNL RBA BI325
      600 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      252 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL:*****5 CITY TEL *****55 -f Call us for your local or onward reservations VT 4 MC(P> BSH7B VOL 2 NO 3 MfiflCH S7B PRCE $300 ISTCW Singapore Trade A Industry Subscribe now and get 12 issues of Singapore Business and 1 copy of the Yearbook (worth
      252 words
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  • Article
    The yen may still remain strong
    610 6 :THE Director-General of the Economic Planning Agency, Mr. Kllchl Mlyasawa Is consoling himself when he predicted that the yen will start weakening from the •present level of around 220 yen In autumn. The strength of the yen bears a correlation with the weakness of
    610 words
  • Article
    FASC needn't win to make its point
    278 6 THE Federation of Asean Shippers' Councils will be put to a test of sorts this Thursday, when It leads negotiations on the proposed general rate agreement involving two of Its members, Singapore and Malaysia. But observers who feel that the FASC must emerge
    278 words
  • Article, Illustration
    Can Malta weather the storm ahead?
    1448 6 IT'S Malta's tarn now after many false alarms, in 1967 and 1972 (when Malta itself attempted to kick them out) among other* the British troops are at last really expected to withdraw, by 1979. Maltese Premier Dom Mintoff declared when he was sworn in
    1,448 words
  • Article, Illustration
    FLASHBACK
    72 6 Two premiers with the tame problem (above) Dom Mintoff (left) dine* with Singapore Prime Minister Lee Kuan Yew in Singapore, January 1968, and diacusae* the projected British military rundown affecting both of them at that time. Below, Lee relaxes with UK Prime Minister Harold Wilson (right) in 1966 their
    72 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      570 6 m V sinGapura FORUM® HOTEL CMIMMHM 181 Orchard Road, S'pare t. 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
      570 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      61 6 WEATHER outlook for Singapore from 6 a.m. to noon today: Mainly fair. Report for 24 hours prior to 7.30 p.m. on April 11 at the airport. Maximum Temperature 31.9° C Associated Humidity 64 Minimum Temperature 24.0° C Associated Humidity 98 Hours of Sunshine 8.25 Rainfall in Millimetres Nil Total Rainfall
      61 words
    • Miscellaneous
      Page 6 Miscellaneous Column 2
      239 6 m SINGAPORE 5 3.00 PM Opening announcements followed by The Old Man and the Eagle* 3.25 Diary of Events (Malay) 3.30 Bonanza For a Young Lady 4.20 Intermission 6.05 Opening announcements followed by Electric Company 6.30 News in Brief 6.35 Wild, Wild World of Animals Black Bear 4 Rampaian Sukan
      239 words
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  • Article, Illustration
    Tokyo Round will open up export vistas for LDCs
    2120 7 John J. Harter of the International Communication Agency interviews Alonzo L. McDonald, head of the US delegation to the current 'Tokyo Round' multilateral trade negotiations now underway in Geneva. WHY is the Tokyo Round of Trade Negotiations important? H has been
    2,120 words
  • Article, Illustration
    STRAWS IN THE WIND
    675 7 WHEN is a flagpole not a flagpole? When It never flies a flag. This pole sticking up through the branches of a tree in Jalan Tun Abang Haji Openg, Kuchlng, Sarawak, has not borne so much as bunting for 15 years. Our Man in Borneo tells
    675 words
  • Article
    So you want to be an MBA?
    899 7  -  FOBPM ...on management j By. James Kidney LOCAL demand for professionally trained managers has increased substantially in the 1970'5, contributing to a growing interest In Master of Business Administration (MBA) programmes. This year it Is estimated that between 200 and 300 candidates will
    899 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      318 7 1 *sgjjs%.. Sb a V V 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. PENINSULA hotel Coleman Street, Singapore 6 Tel: *****1 CHEQUERS HOTEL 1 418 Thomson Road, Singapore 11 Tel: *****/7
      318 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      39 7 BriStoW: Dic&eos II P«e vou OFV TO SUCH f\ uuggy y BOT Defte voor l<s PfiPSCTICRLLV €wPT>f. you 'VG L£jFT OFF siscuits,FP>lßV cares su)»ss roll r*ud ,SP>NDoJCMeS VRgiQUS THAT'S right UHO DO Ttf«4tc p\<v\ pfv*S\/ foTra rut SKzoHGmprtsj's DftOGMTGR,?. >
      39 words
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  • INTERNATIONAL STOCK MARKETS
    • Article
      Slow and low
      562 8 TOKYO SHARE prices continued lower yesterday for the fifth straight day, with slow trading volume as investors remained on the sidelines. Of export-related Issues, precision Instrument Issues, such as Olympus and Citizen, are considered the safest as regards having resistance to the further appreciation of the yen,
      562 words
    • Article
      Hongkong
      415 8 TRADING was subdued yesterday morning ahead of results from Jardlne and Hutchison Whampoa, but never- theless some counters showed gains as some overseas buying orders found sellers to be only small. HK Land gained 10 cents to $7.35. Cheung Kong 10 to $5.95, Hutchison props 40 to $8.50 in
      415 words
    • Article
      Manila
      119 8 THE stock market closed mixed yesterday the first trading since last Friday's elections but traders said the results, in which the President Ferdinand Marcos' government has claimed overwhelming victory, seemed to have little effect on dealings. APK II Pesos Acoje Mining 0078 unch Atlas Con. A AtUisCon. B 13.90
      119 words
    • Article
      Bangkok
      142 8 APR II Bahts Asia Fibre 258 unch Bangkok Bunk 377 unch Bangkok Invest. 366 unch Bangkok-Metro-politan Bank Bata 810 -5 BerliJucker 482 -4 CarpetIntnl Charoong Thai Wire 308 •8 Dumex DusitThanl 321 +4 Fa ber Merlin First Trust Genera Finance Indo-Thai Industrial Finance Corp 2495 -30 J And J
      142 words
    • Article
      Sydney
      275 8 THE market closed mixed yesterday, with BHP unchanged at A 56.12, ANZ Bank two cents lower at 12.70 and CSR two cents higher at $2.74. APR 11 Cents INDUSTRIALS A C.I 167 1 A N I 136 -2 A P M 122 unch Arnpol Pet 76 -I BHP 612
      275 words
    • Article
      Selected indices
      62 8 FINANCIAL TIMES INDUSTRIALS Monday 463.3 Friday 467.1 Week Ago 462.5 DOW JONES AVERAGE INDUSTRIALS Monday 773.65 Friday 769.58 Week Ago 751.04 LONDON DOLLAR PREMIUM Monday 102W to 103 Friday to 103% H.K. HANG SENG Tuesday 449.63 Monday 446.80 Week Ago 451.67 SYDNEY INDUSTRIALS Tuesday 402.84 Monday 402.13 Week
      62 words
    • Article
      Absence of new factors
      635 8 FA ROI'FAS MA RKKTS b. 4 THE FRANKFURT market opened the week on a quiet and mixed note In the absence of new factors on Monday. Leading banks, chemicals and electrtcals were up to one mark firmer, except AEG which slipped 70 pfennigs, while Mercedes Hblalng
      635 words
    • Article
      Frankfurt
      230 8 APR Itt Dm Ael -Teletunken 89 30 -0.7 Akzu 23 80B AUz Leben 620 -1 Allz Vers 494 -1 BASK 138 SO 0.5 Bay H T Wbank 288 70 ♦0 4 Hay Vbunk 318 50B unch Buyer 142 90 BBC 296 unch BMW 225 50E 1-1 Cassella 365 -I
      230 words
    • Article
      Amsterdam
      226 8 APR I* Fb ABN 347 50 unch Ahold 105 00 2 Akzo 25 20 unch AMEV 8150 0 6 Am (us 109 50 1.5 Anirot Bank 74 30 unch lierftoss 56 00 B Berk 94 20 Bnl.68 10 0 1 BorsunuJ 147 30 2.3 Burhmann 67 00 1.7 Byenkorf
      226 words
    • Article
      Jo'burg
      327 8 GOLD shares drifted to close easier In line with lower bullion Indications: Dealers said trading was very quiet ahead of President Carter's Inflation measures announcment. APR I* Rand INDUSTRIALS A Alpha 100 unch Abercom 148 3 AE And CI 235 5 AMIC 175 -700 Barlows 340 unch Cg Sugar
      327 words
    • Article
      Zurich
      179 8 APK 10 Francs Art ions Kuisses 268B Alusuisse Br 1230 10 AlusuK.tr Reg MO unch .Drown Boveri Br 1610 •10 Ciba Geigy Br. 1185 -15 Cibii Gelgy PC 870 -10 Ciba lieifty Keg 667 1 rertil Suisse Br 2186 -140 Credit Suisse Reg 429 •21 Eleklrowatt Br 1600B George
      179 words
    • Article
      Brussels
      93 8 APR Fr* FORWARD MARKET Aiw s. 252 2 Arbed 2230 20 Astur 534 14 Bruscan 438 -3 Bru-Lamb 1500 40 Canpuc 468 -2 Cock 354 2 De Beer* 164 -3 Ebe.* 2365 +5 Electrobel 6350 50 Gb-Inno-Bm 2180 +70 Gev 1390 100 Hobok 2405 305 JVtro 4155 120 Kyi
      93 words
    • Article
      Milan
      104 8 APR I* Lire Ante 99 50 1.25 Amur Urn ***** -110 Hastoto 412 unch IVntrale M50 -1 Kiat 1817 •16 FuiMder 75 25 +0 25 (•<-11 lmmub 78 ♦2 75 IH Pri 2oyi -10 It alcenienU ***** 70 [taigas ItalMder 126 50 urtch Magnet) M HI 409 50 -0
      104 words
    • Article
      Paris
      279 8 APR I* Frs CORBLILLt Air-Uquirte 291 -4 BSNCif-rvals lfcinuiw 450 5 C S K Thomson M| 219 SO -7.5 IV Krancaise des lvtrolrs 122 unch Conipagnir Viiuinciere fotnpagiur G«-iwrale 357 -B.2 Credit Foncier !>• fYance 335 -0.5 H.irhette (Librairie) 167 ♦2 Machines Bull 33 -1.6 Miclielin(B) 1391 -19 Paribus
      279 words
    • Article
      Toronto
      215 8 APR lu CS Ahitibi 12S V. Alain 29'. Algoma 18'i unch Bunk Mont 19S •H* Bank Nova Srolla 19S unch BWlTel 54'» Belh Corp BP Can Ltd 15'. Brascun 16'* unch Camp R<Kj Lake 35'. Can Imp Bk 28 Canpac 17S CanpucInv Pf 16B unch Carllng O Kref* 4%
      215 words
    • Article
      CHICAGO BOARD OPTIONS
      1634 8 April 10 ON THE Chicago Board Options, a total of 90,409 contracts were traded on Monday, compared with Friday's 95,384. OPTION APL JLY OCT 8TOCK Alcoa Alcoa Alcoa Alcoa Am Tel Am Tel Am Tel AUR AtlR AUR Avon Avon-P Avon Avon-P Avon Avon-P Bank Am Bank
      1,634 words
    • Article
      Modest advance with gains
      1062 8 NEW YORK THE stock market, after stumbling over some midday profit-taking, scored Its fifth consecutive gain In heavy trading on Monday. The advance was modest, however, with investor enthusiasm restrained somewhat by concern about President Carter's anti-inflation address. Another restraining factor was apprehension, despite last week's
      1,062 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      284 8 Mathematics and Statistics Statistics in Action: Peter Sp rent This book is intended to interest the general reader who wants to become familiar with this subject, as well as a prelude to further study and a complement to formal elementary textbooks for those who wish to go to statistics in
      284 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Pledge to Kennecott may not be upheld
      955 9 NORTH AMERICAN COMPANIES NYT THE Kennecott Copper Corp., in its latest appeal to shareholders, is charging that the Curtiss-Wright Corp. would be unable to keep its promise of paying handsomely for Kennecott stock even if it won control of the giant copper company.
      NYT  -  955 words
    • Article
      Lock icon Cathode price increase
      72 9 Reuter KENNECOTT Copper Corp said its Kennecott Sales Corp subsidiary will increase the orice for full plate electrolytic copper cathodes produced and sold in the US to 64 cents. The company's move follows that of several other producers, including A?arco Inc and Phelps Dodge Corp. Kennecott said
      Reuter  -  72 words
    • Article
      Lock icon EDISON PLANS TO RAISE RATES
      268 9 Reuter Consolidated Edison Co of New York Inc expects 1978 earnings to be below the U554.53 a share earned in 1977, and possibly lower than the $4.18 a share earned in 1976. Chairman Charles Luce told analysts, "Although the company was off to a good
      Reuter  -  268 words
    • Article
      Lock icon Isuzu motors up
      205 9 ASIAN COMPANIES Reuter TOKYO: Isuzu Motors Ltd said it expects a rise of about 80 per cent in aftertax profit in the first half year ending April 30 to about five billion yen (2.79 billion). Sales will rise about 16 per cent to 265 billion (227.64 billion),
      Reuter  -  205 words
    • Article
      Lock icon NEWS TRADING DAMPENED
      155 9 Reuter ADELAIDE: News Ltd said its unaudited consolidated operating profit was A 510.78 million (8.54 million) for the half year ended Dec 31. Revenue was $107.06 million (81.74 million). Profit is after tax of $4.85 million (3.55 million); depreciation $1.48 million million) and interest m $2.64 million
      Reuter  -  155 words
    • Article
      Lock icon Pancon in joint uranium venture
      113 9 Reuter SYDNEY: Pancontinental Mining Ltd said it has signed an exploration joint venture with the Japanese government-owned Power Reactor and Nuclear Fuel Development Corp (PNC). The venture will explore for uranium in areas of precambrian rocks in Australia for a period of five years. Equity
      Reuter  -  113 words
    • Article
      Lock icon UNION BANK OF HK
      131 9 Reuter HONGKONG: Final 1977 dividend of HK27 cents (25) making total dividend of 37 cents (35) on capital increased by one-for-10 bonus issue last year was announced by the Union Bank of Hongkong Ltd said. The company proposes one-for-10 bonus Issue. Consolidated net profit came to
      Reuter  -  131 words
    • Article
      Lock icon Cable plant
      51 9 Reuter TOKYO: Japan's Furukawa Electric Company said it has won a five billion yen order for an electric cable manufacturing plant from Kuwait's Gulf Cable and Electrical Industries company. The plant, capable of making 2.800 tonnes of cable a year will be completed in Kuwait by early 1!»80.
      Reuter  -  51 words
    • Article
      Lock icon China Bus declares interim dividend
      180 9 Reuter HONGKONG: China Motor Bus Co Ltd is paying the first ever Interim dividend of 60 cents (the final last year was HK$l.65) for six months to Dec 31. 1977. The board says in its interim report, unaudited half-year profit was satisfactory and the net
      Reuter  -  180 words
    • Article
      Intentions unknown
      73 9 SYDNEY. Boral Ltd, which said that It made a largescale purchase of Australian Gypsum Industries shares, told the Sydney Stock Exchange it intends to buy further Gypsum shares but has not yet considered its future intentions with regard to the company. Boral had reported it held 37.32 per
      73 words
    • Article
      Lock icon Hydro-Quebec
      83 9 HydroQuebec Reuter MONTREAL: Hydro Quebec said it will draw US$lOO million of the $750 million It has contracted for with a consortium of 51 world banks Including all Canada's Chartered Banks. Hydro Quebec arranged for a $1.25 billion loan last December. The utility plans to draw $750 million this year
      Reuter  -  83 words
    • Article
      Lock icon Pemex to borrow US $1b
      120 9 BONDS AND LOANS Reuter MEXICO'S Petroleos Mexicanos (Pemex) has signed an agreement in London to borrow US$l billion from an international syndicate of 64 banks. Industrial Bank of Japan said as lead manager. The 10-year syndicated loan will bear an interest of 1-1/4 per cent
      Reuter  -  120 words
    • Article
      Lock icon DEUTSCHE BANK DIVIDENDS
      137 9 Reuter FRANKFURT: Deutsche Bank AG said it plans to pay a nine mark dividend (10) on 1977 results. However, total pay-out will be 14.06 marks per 50 mark share, when the five mark per share tax credit resulting from the recent corporation tax reform is taken Into
      Reuter  -  137 words
    • Article
      Lock icon BASF redeems
      34 9 Reuter ZURICH: BASF Holding Co. Luxembourg, will redeem its 100 million franc. 5.5 per cent bond issue due in 1987 early at 102 per cent on July 7. the stock exchange said.
      Reuter  -  34 words
    • Article
      Lock icon Retailers recover from severe winter
      148 9 Reuter THE nation's largest retailers, recovering from the dampening effects of the severe winter weather, reported strong gains in March sales. Number one-ranked Sears. Roebuck and Company said sales for the fiveweek period ended April 1 Increased 11.8 per cent to US$l.7B billion from $1.59
      Reuter  -  148 words
    • Article
      Lock icon GENERAL DYNAMICS CORP
      120 9 Reuter GENERAL Dynamics Corporation, a large aircraft manufacturer, said it plans to acquire American Telecommunications Corporation (ATC) for cash and stock. The cash offer of U5521.75 for each share of American Telecommunications stock will be limited to about 45 per cent of the outstanding ATC shares, the
      Reuter  -  120 words
    • Article
      Lock icon Interest in Puerto Rico may return
      617 9 NYT THE bonds of Puerto Rico, under a cloud while politicians on the island debated independence, are growing more popular now that a new governor is stressing ties with the United States. Governor Carlos Romero Barcelo has made frequent speeches on the subject and
      NYT  -  617 words
    • Article
      Lock icon Copenhagen City
      88 9 Reuter LUXEMBOURG: The City of Copenhagen 25 million unit of account 15-year bond issue with an expected 7 per cent coupon is meeting very strong demand and should be heavily oversubscribed when lists close on Monday. Primary market sources said the Issue is meeting the same sort of
      Reuter  -  88 words
    • Article
      Lock icon Volkswagen
      66 9 Reuter WOLFSBURG: Volkswagenwerk AG said It plans to raise 900 million marks through an issue of new 50mark nominal shares, priced at 150 marks each. Shareholders will be offered the shares through a bank consortium in autumn on the basis of one new for every three already held. The
      Reuter  -  66 words
    • Article
      W.H. Smith's retail sales up 23 pc
      454 9 EUROPEAN COMPANIES ON SALES ahead from i 324 06 million to £393.79 million, taxable profit of W.H. Smith and Son (Holdings) jumped from 1'15.#3 million to 120.17 million In the year to Jan 28. 1978. The directors say retail sales for the year
      454 words
    • Article
      G. Occidentale first-half looks promising
      251 9 PARIS: Generale Occidental. the food and financial group headed by Sir James Goldsmith, made a consolidated net profit of Fr5.52.26 million in the first half of its current financial year. No comparative data for the latest profit is available, since this is the first time
      251 words
    • Article
      Lock icon Thorn may close TV plants
      136 9 Reuter LONDON: Thorn Electrical Industries Ltd said its subsidiary Thorn Consumer Electronics Ltd proposes to close Its colour television receiver assembly plants at Bradford and Wlndhlll. Yorkshire. Thorn said the two sites currently employ 2.200, engaged largely in light electronic assembly work. Thorn said the
      Reuter  -  136 words
    • Article
      Free Fiat shares
      82 9 TURIN: Flat Spa said it proposes to distribute one privileged share for every 100 ordinarv or privileged shares held, ranking for dividend from Jan 1 last year. The shares will be made available from those bought by the company on the bourse, using a special fund approved
      82 words
    • Article
      Lock icon Flick offer to take over Gerling stake
      111 9 Reuter DUESSELDORF: Flick Industrlever Waltungs KG A A has offered to take over the majority of Versicherungsholding der Deutschen Industrie GMBH's 51 per cent stake in the Gerling Insurance Group, a spokesman for parent company Flick AG said. The offer is being made
      Reuter  -  111 words
    • Article
      Lock icon MAXIMUM DIVIDEND AT HOUSE OF FRASER
      167 9 Reuter LONDON: House of Fraser Ltd's pre-tax profit for year ended Jan 28 was t'36.2 million (27.68 million). Turnover was t'492.95 million (429.12 million). Dividend was 3.0776p, making 4.*****p, (4.2693p), which is the maximum permitted. Pre-tax profit including a surplus on sales of properties
      Reuter  -  167 words
    • Article
      Lock icon Cadbury foresees higher income
      154 9 Reuter LONDON: Cadbury Schweppes announced pretax profit of 148.2 million (46.4 million) In 1977. Sales were €883.6 million (787 million). Dividend was 2.*****p making a total of 3.*****p (2.723p). Pre-tax profit included investment Income of C 2.8 million (2.8 million) and associated companies' profits amounting to
      Reuter  -  154 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      91 9 in PAN Paperback LECASE C J THE HONOURABLE SCHOOL: x.- I lIS LATEST #1 WORLD BESTSELLER 'THE PREMIER SPY NOVELIST OF HIS TIME PERHAPS OF ALL TIME t -pii in •njk >t ■«-nri.m 1 1 1 nt: md (",<•(. rjje ,ir" h;ii k to h«»w i-vt ii le -lir[ ».j—
      91 words
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  • DEALS DONE ON THE SES AND ELSE
    • Article
      Government bonds
      164 10 Rep Spore D Mark 7% IM2 (100.000) (1038 103VS) Rep Spore 6 1/2* 1983 (100.000) (102WB 103*48) Rep Sporo 7 3/4* 1987 (100.000) (99«.8 1008) 4 3/4* l/S/79 (250.000) (100.75B) 5 1/4* 15/19/79 (250,000) (101 308 101 488) 4 3/4* 15/9/80 (250.000) (100.058 100.158) S* T F IS/4/81
      164 words
    • Article
      Corporate bonds
      232 10 B O T 8 1/2* 1981 (100,000) (100 SB 1018) B O T 7 VB* 19*4 (100.000) (9558 965) B O T Floating 1984 (100.000) (99 '/»B 100S) C Itoh 8 1/8* 1984 (100.000) (96'aB 96*«S) LTCB J 1962 (100,000) (99%.8 100 ViB) LTCB J 1983 (100,000) (9®%.8
      232 words
    • Article
      Stock options
      104 10 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bla and offer prices and business done yesterday, with the number of options traded shown In brackets. Cold Storage (June $1.70) (O.IHB 0.575). C and C (June $2.20) (0.828 •.928). F and
      104 words
    • Article
      In Singapore
      1480 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 All Time settlement Contracts are quoted after the world "sett". Big Board deal
      1,480 words
  • Article
    Unit trusts
    147 10 SINGAPORE UNIT TRUST (Mtufrri prion for April l» INCOME BOND UNIT ICamal Btai The Commerce 188 1.99 INCOME BOND 104 1.10 The Saving Fund 1.10 l.lSxd S pore Prof Fund 0.90 0.95 MARA BUMIPUTRA FUND (Maaagon prieao far A aril 12) S pore Security 172 1.S2 1.12 1.18
    147 words
  • Article
    SHARE INFORMATION SERVICE
    2470 10 1978 High Low Company Last Sale +orGr'» Div Div C'vr Gr's Y'ld Net P/E Vol COOO) Day High Low SECTION ONE i INDUSTRIALS 18) 213 136 300 72', 247 183 304 146 132 123* *****0 60'i 191 144 256 394 123 Aetna Alcorn Allied Choc Bata Ben
    2,470 words
  • Article
    In Kuala Lumpur
    1600 10 BID and offer prices 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* A cm* (1 798) 41) 1.7 V. Ajinamata (2 458 2.498)
    1,600 words
  • Article, Illustration
    Shares end easier
    919 10 SINGAPORE AN easier trend prevailed with losaea of up to 20 cents sustained in the weaker counters on the Stock Exchange of Singapore yesterday. -The market opened around the previous day's levels but this attempt by investors to sustain the mini bull-run which took place the previous
    919 words
  • Article
    Kuala Lumpur moves lower
    598 10 WITH little to stimulate fresh interest, share prices generally moved a shade lower under moderate profit-taking on the Kuala Lumpur Stock Exchange yesterday. Following Monday's mixed trading, prices at the start hovered around their overnight levels but soon assumed an easier bias. Although the overall trend
    598 words
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  • COMPANY NEWS
    • Article, Illustration
      Kulim falls short of forecast
      707 11 THE results of Kulim (Malaysia) are an indicator that the rubber sector may be overvalued. Although it has continued its recovery started in 1976 and turned in another year of creditable performance, its latest results fall well short of its forecast pre-tax earnings of MS
      707 words
    • Article, Illustration
      HK Land sales should jack up earnings
      1170 11  -  ®y ARTHUR NG HONGKONG Land Is poised to turn in substantially higher earnings for the current year with the completion of phase one of its residential project in Pokfulam by mid-year. According to estimates by London brokers James Capel, the largest property developer
      1,170 words
    • Article
      Slide at UE(M)
      531 11 CONTRARY to optimistic notes sounded in the last chairman s statement that the 1976 level of profitability would at least be maintained, United Engineers (Malaysia) has suffered a slide in profits for its year to end-December, owing mainly to the heavier interest charges payable on its substantial
      531 words
    • Article
      DIVIDENDS ANNOUNCED
      712 11 Current Ex Books Date .Total for Total far Malayan Tin payment Date close payable the year previous year 45%I Mar 22 Apr 4 Apr 14 45% 158.5% Kuala Sidim Rub. 5%I Mar 29 Apr 8 Apr 15 5% 8.75%<a) 39 8% Tronoh Mine* 58%<n) Mar 21 Apr 3
      712 words
    • Article
      Amang from waste to gain
      312 11 "AMANG" once considered the mineral reject of tin mines is now a thriving multi-million dollar business earning foreign exchange for the country. There are now about 50 factories processing the mineral wastes for export to Japan and the United States where they are used in
      312 words
    • LATEST RESULTS
      • Article
        BRITISH and Malayan Trustees:
        20 11 Pre-tax profit *3,000 (*21,000) for the half year ended Dec 31. 1977. Gross income $173,000 (5176,000).
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      • Article
        Genting Highlands:
        42 11 Group pre-tax profit $27.54 million ($21.96 million) for the year ended Dec 31. 1977. Group gross revenue $52.18 million ($42 69 miljion). final dividend 7.5 per rent tax exempt (3.75 |kt cent after adjusting for i «»»ivfi>r <>:n- >t"ri|i Issue
        42 words
    • Article
      Rahman doubles profit
      379 11 BUOYED by substantially higher tin ore output and prices. Rahman Hydraulic Tin has doubled its pre-tax profit to M 53.25 million for the first half year ended December last. Unaudited net pre-tax profit for the six months ended Dec. 31, 1977, rose by 101 per cent to
      379 words
    • Article
      COMPANY MEETINGS
      382 11 Selangor Properties Bhd: AGM to be held at Tingkal Kedua, Block E, Lompleks Pejabat Damansara, Damansara Heights, at 4.00 p.m., on April 14. Ajinomoto (M) Bhd: AGM to be held at 6V» miles, Simpant Salak, South Baharu, Kuala Lumpur, at 9.00 a.m. on April 25. National Iroti and
      382 words
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      125 11 For a Successful BANKING Career LIT PI AI I KR M A 1 St kJ NT.I f study with Wblsey 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
      125 words
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      Page 11 Advertisements Column 2
      78 11 DEALERSHIP OPPORTUNITY Our client, a leading manufacturer of specialised industrial chemicals requires a distributor with established contacts throughout Malaysia and Singapore. These products are related to: Odour Control Air Conditioning Cleansing and Maintenance Oil Pollution Control Experience in Australia has shown outstanding results in: Hospitals Commercial Buildings Industrial Complexes Government
      78 words
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    Lock icon Yen will fall by autumn says Miyazawa
    721 12 Agencies THE Director-General of Japan's Economic Planning Agency. Kiichi Miyazawa, said the yen will start weakening this autumn from the present level of around 220 yen to the US dollar. He said the yen's sharp appreciation since midFebruary has been due to speculation
    Agencies  -  721 words
  • Article
    SIM gets its man after two years
    293 12  -  By SOH TIANG KENG THE TWO-YEAR hunt for the executive director of the Singapore Institute of Management (SIM) is over. A top academic with wide consultancy experience has been picked for this highpowered post. He is Professor You Poh Seng, professor of economics
    293 words
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    LONDON STOCKS
    767 12 I'INDON. Tues. The market ••ixsrri quietly mixed, awaiting I!»' British budget proposals alers said At 3pm the FT index was up 2.8 at 466.1. Ktjuities met some speculative interest ahead of the budgetary measures, but government bonds were defensively m.:rked down by up to 3/8 point is light
    767 words
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    Untitled
    224 12 The top SIM post fell vacant in mid-1976 when the former executive director, Mr. Leslie Wong, left to Join an accounting firm. Many top company executives and management consultants consider Prof You "well-qualified" for the SIM Job. Remarked the head of a management consulting firm: "Prof You has gained stature
    224 words
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    CONSUMER BODY TICKS OFF CUSTOMS
    119 12 THE CONSUMERS Association of Singapore (Case), yesterday criticised the Customs and Excise Department for not consulting it before allowing some cinemas the right to raise admission fees. A dialogue, said Case, was established between the association and the Custbms Department In 1976 on the question
    119 words
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    Lock icon Aussies may increase tariff on sawn timber
    334 12 AFP MALAYSIAN trade officials and timber exporters yesterday expressed regret and disappointment over the Australian Industries Assistance Commission's (lAC) recommendation to Impose a further 100 per cent Increase In tariff on Malaysian sawn timber. While welcoming a general reduction in the quota and
    AFP  -  334 words
  • Article
    Long-term outlook bright for gold
    133 12 THE GOLD price should continue to rise in the long term although present circumstances are leading to short-term fluctuations and uncertainty in the market. The precious metals group, Degussa, noted in Its latest monthly report in Frankfurt that erratic movements In foreign exchange markets, rumours
    133 words
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    Lock icon Consumers oppose higher tin price
    819 12 AP Reuter CONSUMERS in the International Tin Council met separately in London on Monday and decided they will oppose producer demands to raise the world tin pact's support prices. A consumer delegate after the meeting said there was consensus among the consumer countries' delegates that
    AP; Reuter  -  819 words
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    Lock icon Central bankers temper hope
    258 12 Reuter CENTRAL bankers meeting at the Bank for "International Settlements cautioned against reading too much immediate significance into ideas of closer European monetary cooperation mooted at last weekend's EEC summit. They said the Ideas are still vague and it would take several months at least before
    Reuter  -  258 words
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      97 12 hi Singapore there is an inn Which has an old-world pattern: Ihe I ondon Sieak House is its name \nd it's a first-rate tavern Pic meals it serves melt in the mouth. Pic wines are tine and mellow. Ihe atmosphere is companionable \nd all the patrons know lli.it Fosters is
      97 words
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      3 12 Leader. Page 6
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      275 12 •lA ■liV*ii.'A A? a J i i r t? '>♦ J 7/ >V. f V.' V DP •v. Sp P V\ 3h Tflfiß -J> <* The three bosk needs and the three ports of Britannia^ understanding, insight, and wisdom in every field of learning. Written by experts, approved by experts,
      275 words
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    SHIPPING TIMES
    3274 13 MHEDIHE 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. SeuOilck kaa a late* earvie* unu«fMal wtik
    3,274 words
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      551 13 THE KST MO FASTEST HIT TO THE USA IS MAERSK UNE SINGAPORE *****46 K.LUMPUR ***** PENANG *****1 P. KELANG *****0 SHIPPING S Seotrain Lines Inc (USA) Trans Pacific Service H« OM II GUU t_c 29/4 14/5 11/5 22/5 24/5 U/5 24/5 21/5 3/( 5/t v USA MOTHER «L E/C GULF
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      491 13 \\A, SAM ICk LINES i f A-lef'tit- o'tne Sam Group o'Companies LINER SERVICE FROM KOREA/TAINAN/HONS KONG TO SINGAPORE •SAM EUN SAMICK HAN KOOK Inchon Busan Keelung H Kong S port Sailed SaiM Sailad SaiJad In fort SaiM SaiM 11 Apr 14Apr 19 Apr IS Apr 20 Apr 27 Apr 9
      491 words
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      460 13 O.J EVERGREEN LINE RED SEA, MEDITERRANEAN SEA SERVICE ETA STORE LOADING FOR: EVER HONESTY Vty. IMW EVER SAFETY *«T IS-19N PORT SAID. LIMASSOL. LATTAKIA. JEDOAH Vay. IS-1M MAY IS JEDOAH. AQABA GENERAL AGENTS: CHIP SENG COMPANY PTE. LTD., 131, ROBINSON ROAD. SINGAPORE. 1. TEL *****33 (I LINES) TELEX: R*****1 Greenfield
      460 words
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      95 13 NOTICE NEW OIL BUNKERING SERVICES AT DAMMAM, SAUDI ARABIA For the supply of: 1. All grades of bunkers, i.e. marine fuel oil, marine diesel oil and marine gas oil, to vessel arriving at Dammam anchorage or alongside, by our own tankers (vessels). 2. Fresh water to vessels. 3. Land transport
      95 words
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      14 13 FORTNIGHTLY ,TO MIDDLE EAST LAND 4 OUT HFM6CMTEO COMTMRCI SCRVtCC BOO* INO TCI *****22
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      783 14 SHIPPING Hapag-Lloyd FULLY CONTAINERISED TO EUROPE bop fall o>T«tE«m>i|» □PRESS CONVENTIONAL TO EUROfE S pan P.Mmi Pw R'Lmu Gmm hi Put 26/4 20/4 6/5 %/i 25/5 a/5 »/i 8/6 25/6 »J n DMff 0 MIVVI ROWI NMfp 9/5 8/5 3/5 5/5 18/5 22/5 15/5 17/5 5/6 9/6 31/5 3'6 22/6
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      762 14 I £2 SANKYO LINEI AUSTRALIA SERVICE KTOSEIMARU IMPORT MAT SKY 11/14 Apr MAT CARP 21/21 Apr KYOTEN MARU 27/21 Apr Loading for SAILED FREK, AOEL. MEL. STD 15/ It Apr XIARWIN. MIS. STD 22/23 Apr FREM, AOEL. MEL 30/30 Apr AOEL. MEL. STD KYOTEN MARU 27/21 Apr 30/30 Apr AOEL.
      762 words
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      436 14 SEA tLAND U.S.*./ ASIA SERVICE MY REFRIGERATED CONTAWER SHW SAILING EVfW NfDNESOAY FOR PORT' IN US* CMUM CARIBBEAN MTM. KOREA. TAIWAN HOW RON THMUNO MO PIMIIPfINES 40TH FLOOR HONG LEONG BIDG 16 RAFFLES QUAY SINGSPORF 1 Cyjtome, S*r»ic* Bookni *****2? Termioal 257P->53 *****37 REGULAR RORO SERVIC Go one better to
      436 words
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      932 14 Everett Lines Bwm Fwi Star SbtppMf Cirpt. "BURMESE NATIONAL LINE" LOADING FOR RANGOON htonevm ivm »m hMtmenmm 2»/»a* Rf SSC Aqrntt »n Moloysio TEPS MAL *YS(A P At Kelong Tel (38>-7355 Penong T«« *****/***** Aqwiti m Moloysio TEPS MALAYSIA 7355 Penong T«l *****/ ***** CMpaaii Arfwtina Da WiKiycwß Itimrtwm S.
      932 words
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      571 14 JARDIM AN I Ail m I Orient Overseas Co+da*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) span r.MMf stKi umm irtmt S SEAS BRIDGE IS* IV4 N/4 1/5 7/5 J/5 11/5 U OMENTAL RESEARCHER ID »/4 N/S 11/S IVS 17/5 11 CHEVALIER MUI 1M 21/< 21/4 11/5 It/S 22/5
      571 words
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      834 15 v (CL Overseas Containers Limited www T> w/wmmwi »MM r£J tmm. t r *7 nm V? II II IK IKq I Hay 12 May IN a Mr a Apr 11 H* tl Mar 14 Hay Hay Mil HUMS MAM H la 11 In IMy 4 iaiy I lily MMTAMEBIIP SERVICE
      834 words
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      1366 15 Ben Ocean Ajamt service ofßenlme Blue Fbrme/Oen Line and NSMO re ok/continent (Ms iw) kmmm a/a ««r r/a *•> 121 m uim, ums. nml RENCRHACN4N a/ f Mir 1/11 May R/RMay ItM R.ltefl, Amsterdam, Kluq Ml.*, Linrpool. Of NVANNOCN 11/IJW I/4IW IW> Lisbon, (.tint*. Mil. FROM UK/CONTINENT (Via taM) ■wbSIiU
      1,366 words
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      984 15 SEN LINE ry-w/.y^j miK t iMvca raur wnt tcroa W. Garamy/Aaalrie haM fiaci AM UJL PSAXASAT II Apr 11 Apr' I May I M KM'W ni»i 1155 nm Mwiaw express a m a ai* an uumi Ufa 4 May t iky S May ami UUU HUN 11 Mil l im
      984 words
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      Page 15 Advertisements Column 4
      792 15 Scan Dutch 9 CONTINENT/SCANDINAVIA r Fee«er mm P. KllWg VetMl UUMU m TtYUU rtucitu ni until FRAN CI 1C A 1/ I NTUMIt tutmi IV I HI NUT w-w wsn'tsn ii;? »,<: ii/ 1 t/ Hz < 11/ Klii ND FROM MED/UK/ u 8 > 41 A'paa SI UN ITawiiM
      792 words
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      533 15 GUTHRIE BOUSTEAD^™ THE BANK LINE LTD TISTBAM (MMritivt, Dvrteit, M Ca»aiw»") Pmin FWT«W ITU (Mauritius, C»»»fUMJ Ptnaitf raai cut a Mm FMTV MI Ml fntrg LUHL MM Praw t»h« C.L. ft.. v WMC nn Mr r»« u/n Mr •a, LL M, p. K*i«f a/a Sp« n/M Mr P. *«U«| i}/it
      533 words
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      857 16 "K" LINE fcV KAWASAKI fiuy cammoo jama ti emk oru skd S'port P. Kelang L Havre HTmrg Brnnn SEVEN SOS MINI 19V 19 Apr II A#r 7 May 9 May II Hit •MOTH KJUiaa It n A»r a Mr 11 May 19 May II May CMVAUII Mil lit 21 Mr
      857 words
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      1114 16 E.C.-RJJUATUHTIC/ROLF SERVICE uttm« reiAtt wins n nt r. hum. mutt L"**t f NOIFILK, HI Hfl, 111 Mil US, NOOTTM. s>R|J9orf P. fclMI 6419VM »^|H| "VISNVA INAIMA" (NISA 22 SCI) 11/11 Ma, 11,21 May 21/22 Ma, 23/24 Ml E. C./GREAT UKES SERVICE Laaiiag uirou, miv montieal. toionto. asntaoula, irniiT. chicm*. Penang
      1,114 words
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      1021 16 NEPTUNE ORIENT LINES LTD 'FULLY CONTAINERISED SERVICES: it own minor SEVEN SEAS HI I tit OMENTAL RESEARCHER CHEVALIER MIL mnm cmui MEPTUME FURL CHEVALIER RI2£ rm P. Mhi IS Apr II Apr 22 Apr 8 Apr 21 Apr 29 Apr J HIT Ikir lllq II Hay IS Mar II Ray
      1,021 words
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      656 16 MALAYSIA* mi rFKMATtOHAl SHIPPING CORPORATION BCKHAO TIL KL *****4. EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MEDCONTINENT/SCANOINAVIA TOT NM Faadtr *P. KiImj vend EUANMA It/ 4 muu FMNCESCA a/ 4 BMtlBAH TUMESCA 1/ I NTUUIt CUtMU U I Ml. KU >lH Actaptag frn 1) totnw, Mm, a fhitM. MMI, L katra, lou,
      656 words
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      741 16 INTR flSEfl (PTE) LTD. t KdUl MKPEMENT SUII/TWI CONTAINER SERVICE Tl EMOTE S'pore P. Kelang *M.V. UStS BALTIC la Nrt SaiM MM im nm m.v. mm 71 Mr 75 Apr 1 May J Hay I* BVL tar nitr m ••jtMttiw intrbsiatni) na -2*2111 na intpfimc a i»mim-m Laa*ag Far S'ton/l'dan/H-borc/
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